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.

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Source Institution:
University of Florida
Holding Location:
University of Florida
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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 )
UF00084249_02849 ( sobekcm )

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Full Text




Volume: 103 No.100

WEATHER





$1.6m court order
impacts Bahamas
Pam esr)
SEE FRONT PAGE OF BUSINESS SECTION





Officially launches his
inenciidaat candidacy for
Bain and Grant’s Town

_ By BRENT DEAN
and TAMARA
FERGUSON

AS A result of years of broken
promises, Rev CB Moss resigned
yesterday as vice-president of the
, Senate, and as a member of the
PLP, during the official launch of
his independent candidacy for the
Bain and Grant’s Town.con-
stituency.

His resignation, and decision to
run as an independent resulted
from Dr Bernard Nottage being
given the PLP’s nomination for
the Bain and Grant’s Town con-
stituency, despite promises that
Rev Moss claims he was given by
Prime Minister Christie.

“By failing to honour the agree-
ment that they themselves pro-
posed, the leadership of the PLP
have exposed themselves as
untrustworthy and that their word
is proven to mean nothing, even
when given to a most prominent
clergyman. This is most unaccept-
able from those who aspire to pro-
vide national leadership. It is per-
haps now easy to see why the
entire social morality of the

Bahamas continues to slide to
depths where leaders now feel

_ comfortable with this level of dis-

trust and deceit,” he said.

Rev Moss’ revolt from the PLP
comes after a long struggle for an
opportunity to represent the con-
stituency under the party’s ban-
ner.

Before the 2002 election, Rev
Moss was given the PLP nomina-
tion for Bain Town. However, the
then FNM government merged
the Bain and Grant’s Town con-
stituencies into one.
Consequently, according to
Rev Moss, Prime Minister Christie

-made him a three-point proposal.

The Prime Minister asked him to
allow Grants Town incumbent
Bradley Roberts to run uno;

as the PLP candidate, in front of
William Thompson, the president
of the Bahamas Baptist conven-
tion. The alleged promise includ-
ed, a Senate seat, the leadership of
the proposed faith based initia-
tive, or urban renewal project and
a nomination for the Bain and
Grant’s Town constituency after

SEE page two

The Tribune

#1 PAPER IN CIRCULATION
he Miami Herald

BAHAMAS EDITION |

WEDNESDAY, MARCH 21, 2007

Annual BMDA New Car

Show Buyer’s Guide
SUPPLEMENT INSIDE TODAY’S TRIBUNE

@ THE family claim that more than a dozen plain clothed
“officers” kicked in this door of their home.
(Photo: Tim Clarke/Tribune staff)

DNA ordered to |

Five-year-old boy killed be taken from
in traffic accident

@ By KARIN HERIG
Tribune Staff Reporter

A FIVE-YEAR-OLD doy: was killed in a two-car ediision yes-
terday afternoon on Carmichael Road — bringing the country’s

traffic fatalities to 10 for the year.

The boy was a passenger in a vehicle driven by his father. He was
not wearing a seatbelt nor was he’ seated in a child’s seat at the time

SEE page nine




















6

NCE BROKERS & AGENTS

ul Henera | bom |
We

Anna Nicole’s
baby daughter

@ By PAUL G TURNQUEST

Tribune Staff Reporter

DNA has been ordered to be }
taken from Anna Nicole’s baby :
girl, Dannielynn, as another dra- ;

_, Matic session in the paternity bat- :
tle over the little girl came to an’:
end in the Supreme Court yes- :

terday.

Dannielyn, the only surviving :
child of Anna Nicole stands to :
inherit almost $500 million from :
the celebrity’s marriage to oil :

tycoon Howard K Marshall.

However the true paternity of
the child is being contested as :
numerous men have emerged :

claiming to be the father.

According to Debra Rose, the :
attorney for Virgie Arthur, the :
estranged mother of deceased :
Anna Nicole Smith, the pro- :
ceedings before Justice Stephen :
Isaacs went “very well” yester- :

day.

SEE page nine

@ PROTESTERS outside of The Tribune yesterday i
(Photo: Tim Clarke) :



PRICE — 75¢



Family claim ‘raid’ was bid to

REAP HED Oey emeuteanae

@ By PAUL G TURNQUEST
Tribune Staff Reporter

A FAMILY is left in shock
today after more than a dozen
plain clothed “officers” kicked
in the door of their home in the
early hours of the morning, and
began to search their home.

According to Pamela
Demeritte, the “raid” of her
home on Meadow Street was an
attempt by officers to reclaim
photographic evidence of the
bruises that officers had inflict-
ed on her son, Akeem Bowleg,
only days earlier.

She told The Tribune that the
officers, who refused to identify
themselves, openly stated that
they were there to find the pic-
tures that they had informed the
Complaints and Corruption
Unit that her family had taken.

Ms Demeritte said that her
son, Akeem, was involved in a
fight with officers who pum-
melled him outside the Light-
house Bar and Grill across from
the Police Barracks.

Since the altercation, Akeem
has been arrested and report-
edly is being held at the Cen-
tral Police Station, allegedly



@ AKEEM BOWLEG -
Pamela Demeritte claimed her
son had bruises afflicted on him
by officers.

accused of “stabbing” an offi-
cer.

Sundeiata Williams, Akeem’s
cousin was also arrested for
“obstruction of justice” for
reportedly asking the officers to
show a search warrant, their
cards of identification, and ask-
ing them: to sheath their
weapons.

Mr Williams said that when
he asked the “officers” whom

‘SEE page nine
Report: shortage

: of Bahamians with

necessary English
and maths skills

: ll By KARIN HERIG

Tribune Staff Reporter
THERE is an alarming short-

| : age of Bahamians with the nec-

~,| } essary English and mathematics



Protest staged against

m@ By ALEXANDRIO
MORLEY

Tribune Staff Reporter

A GROUP of about 15 pro- '
_ | testers gathered outside The
The crowd that had been wait- :
ing since 10am erupted in a cheer :
i quis cease his “terrorist-style”
: writing against the black politi-

Tribune yesterday, demanding
that managing editor John Mar-

cal leadership in the Bahamas.

The group, led by Mr Ricardo : Bahamian male from school is a
: major threat to our society,” the
? report stated.

urged passersby to support the :
protest by honking their car }
: Department of Education in June
Ricardo Smith told The Tri- :

Smith, held up placards that
read “Marquis Must Go.” They

horns.

SEE page nine

| : skills to compete in today’s indus-
: tries.

These are the findings of the

? updated report and documentary
| : “Bahamian
| : Untapped Report”
1 : tion for Education.

Youth: The
by the Coali-

The report found that the
majority of students sitting the

? BGCSE exams achieve only “Ds”
: and “Fs” in the critical subjects of
: English and mathematics.

Tribune managing editor.

: dents are achieving acceptable
: grades.

Further findings also indicated
that fewer and fewer male stu-

“The disengagement of the

A follow-up to the report,
which was submitted to the

2005, the new document released

SEE page nine

ae behind the Outback aa aaa near the PI ee
Open Monday - Friday 10:00am to 4:00pm - Saturday 10:00am - 2:00pm
Telephone 242-394-4111 * www.bahamahandprints.com



PAGE 2, WEDNESDAY, MARCH 21, 2007 | THE TRIBUNE — 2;-,
i | ° | RevCB Moss ~

zo : aos

CV OSS NUS OUT AT women

. Mr Roberts retired within two and , “

@REVC MOSS









IN FOSTERING
favouritism and nepotism, the
PLP “want to maintain a
clique of family members and
their offspring as the ruling
class, while everyone else is
placed in the servant class.”

This statement was made
by Rev CB Moss on
announcing his indepéndent
candidacy for the Bain and
Grant’s Town constituency
yesterday morning. ~

Rev Moss levelled further
harsh criticisms against the
PLP, and its candidate for the
Bain and Grant’s Town con-

stituency, Dr Bernard Not-
tage, whom he said’had once
abandoned the party, while
he Rev Moss, “stood tall and
firm as a PLP.”

Candidates

“Indeed, it was this same
Bernard Nottage who, seek-
ing greener pastures, aban-
doned the PLP, formed his
own party — the CDR - and
mercilessly attacked and vil-
ified the PLP. He also ran
candidates against the PLP
in many constituencies,
including Bain and Grant’s
Town in the last elections. It

was this same Bernard Not-
tage who, again seeking
greener pastures, abandoned
the CDR and rushed back to
the PLP, leaving faithful
members of the CDR in the
wilderness. And now this
same Bernard Nottage, once
again seeking greener pas-
tures, hopes to ease through
the back door of Bain and
Grant’s Town, which they
describe as a safe seat — a
move which he hopes will
propel him to the front lines
of power once again,” he
said.

According to Rev Moss,
the actions of the PLP lead-
ership in giving Dr Nottage

BOUBLE CROSSED... AGAIN









PLP, Dr Bernard Nottage

â„¢ By BRENT DEAN

promised it to him, is “clear-
ly nothing short of disre-

erous.”
In allegedly breaking a

moting a “might makes right”

for some other less deserv-
ing person.”

Rev Moss also noted that,
as a result of the promises,

he alleges were made, but

were not kept by the Prime ; the PLP, to smear my reputation —

Minister to give him the Bain ; With a view to intimidate me and
and Grant’s Town PLP nom- ; ‘© lessen my attraction to the vot-
? ers of Bain and Grant’s Town, and

i the wider Bahamian society,” he
; ? said.
of a person, especially at the :

ination, a message is sent to
the country “that the word

pinnacle of leadership in the

ed to mean anything.”

Attempts to reach Dr Not- i

tage were unsuccessful up to } : ; :
press time. However, Dr Not- } ended ee Hie an
tage has previously stated ¢ “ORY e eae

that he wished for party i about who they wish to represent
accord, regardless of who : Bain and Grant’s Town in the
? House of Assembly. Soon the vot-

“Each of us as members of }
the party will have to submit :

ourselves to the decision of :

won the nomination.

: a half years of the 2002 election.

Two of these alleged promises

: were not honoured as Rev Moss

was never appointed to lead the
urban renewal project and Mr
Roberts ‘served his full term —

instead of the promised half term
— at the request of the Prime
the nomination, after having :
g : of Rev Moss, had been given the

: PLP nomination for the con-

? stituency for the May el :
spectful, abusive and treach- : ai lired ae pits

: Minister. Now Dr Nottage, instead

“This repudiation of a sacred

? agreement is nothing short of a
; betrayal of monumental propor-
promise to him, Rev Moss :
stated that the PLP is pro- }
? however, is that I have been a
? most loyal, dedicated and hard-

culture where loyalty, hard :

wok and dedication mean ; Working PLP.”

ae Bae as ocak of his decision, he now expects

tions,” said Rev Moss. “What
makes this action most egregious,

_Rev Moss stated that as a result

“character assassins” to take aim

? at his reputation.

“I am aware that attempts will

i be made to discredit me. Indeed
: efforts have already beén made,

reportedly initiated from within

Rev Moss also challenged all

1 } those who wished to challenge his
nation, should not be expect- :
? him at a press conference at noon ,

reputation and integrity to meet
in Rawson Square.
The new independent candidate

“The PLP has had their say

ers of Bain and Grant’s Town will
have their say, and the people’s
say is the real say. I feel confident



the party. I am prepared to : that the-people of Bain and * -*-
do that and I trust that he is. | Grant's Town will not joinin =, ~
So, my hope is that once a : league with covenant breakers. -
decision has been made, that : Pethaps the Bain and Grant’s —'!v{
; : : : Town constituency will be the
both of us will abide by the : unsuspecting reef upon which the =
wishes of the party. I wish : p_p ship will be wreck 2
. him very well. If he gets the : Rev Moss’ candidacy createsa~ —
ae nomination in Bain and : three-way race with David Jor- net
2 er Grant’s Town, I am prepared : dine of the FNM and Dr Bernard Gn
Poa LTR rie to support him. And, I hope ; Nottage of the PLP. As Rev Moss fet
eS that if I get the nomination, ; Wasa former member of the PLP, ee)
i he is prepared to support : it is possible that the PLP vote aa
— 4 me.” he said. i may be split, in a PLP stronghold “rae
Awe ss In the wake of Rev Moss’ ; tat was wor by the party bymore _
: :? than 1,400 votes in the last gener-
remarks about him and the : aj election. chan
PLP, it is likely, that Dr Not- : Attempts to reach PLP chair- Y poke
tage will be less cordial in his : man, Raynard Rigby, for com- rangt
future public remarks about } } Ment were. supe teer eu mE to i012
Rev Moss. ; ; press time. fap
: are
‘ e e Vath
Attorney in Cordell Farrington case
"a-Vas lS
' Dov ase
saa almost banned from Court of Appeal
At | | on
if hed Mt d @ By ALEXANDRIO MORLEY read the rules and understand them, and know sh
4 re Tribune Staff Reporter how to apply them,” Justice Dame Sawyer said. wot?
. LIMITED <= “In the meantime,” she said, “you are removed
THE young attorney involved in the Cordell from this particular case unless his family pays v4
Farrington case was almost banned from appear- YOu.” s : on
ing before the Court of Appeal yesterday. Jamaal Robbins, 22, was murdered in 2002 by “voR?
: Cordell Farrington’s counsel, Romana Far- Sie 7 ou Cae ae re oe re ae og
+ uharson, had attempted to apply for an exten- Of Killing four Grand Bahama school boys. ‘The et
g RETAIL OPERATIONS CONSULTANT a of time, BE Court of Anpealeiadent Jus- Skeletal remains of all five victims were found gf
a tice Dame Joan Sawyer said that the statutory ear Barbary Beach on Grand Bahama in Octo-
, time limit for leave for an extension of time had ber 2003. Farrington was convicted of Robins’ 1,2 Mm

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already expired.

Dame Joan also said that Ms Farquharson had
not filed the appropriate documents with the
court to support her application.

“There is no rudder by which you can guide this
ship, because you have not created one. Your
rudder should have been created when you
realised that you were out of time,” Dame Joan
said.

“J instructed the registrar, in my hand writing,
not to appoint you as Crown brief and if you
have been paid by his family so be it, but if you
have not been paid you will not be appointed his
Crown brief.

“T was minded to ban you from this court, nev-
er to have you appear here again until you learn
how to conduct yourself as counsel; until you
learn the process of the court; until you learn to

murder in August 2006 and: :was given the death
sentence.

He is due to be tried toh ‘tthe murder of the
other four boys later this year.

During the trial, Farrington told the court how
he had murdered his former lover in Grand
Bahama. He then asked the young man’s family
for forgiveness.

He gave the court an unsworn statement, say-
ing the events of the day that he murdered Rob-
bins have haunted him in prison for the last three
years.

He said he wished things had ended different-
ly and that had he had a little more control, Rob-
bins would have been alive today.

Yesterday, Dame Joan said the court would
appoint a new counsel for Farrington. She set
the matter down for a hearing in June.

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THE TRIBUNE

WEDNESDAY, MARCH 21, 2007, PAGE 3



aPC nose CTS ee
Mayaguana island ‘on brink of



Police form
intelligence
bureau to fight
global crime

THE Royal Bahamas Police
Force has begun the task of
forming a National Intelligence
Bureau in an effort to the com-
bat global crime.

Commissioner of Police Paul
Farquharson made_ this
announcement at police head-
quarters on Monday while
announcing the restructuring
and expansion of the police
force.

Mr Farquharson said that it is
apparent that the police’s
involvement in the fight against
global crime must become bet-
ter organised and supplied with
better resources.

“As time passes, there is a
real threat that international
criminals may forge liaisons
with the criminal elements in
our islands.

“It is therefore clear that this
process to organise our intelli-
gence gathering capacity on a
multi-agency basis must be has-
tened and must quickly be
brought into full international
affiliation. We are committed
to this,” he said.

At the moment, the only
intelligence organisation in the
Bahamas is a unit of Interpol —
the International Criminal
Police Organisation.

It is located in Church House
in New Providence and works
in close association with the
police, Mr Farquharson said.

Veteran official
is appointed
deputy
governor

lH PUERTO RICO
San Juan

THE British Virgin Islands
appointed a veteran civil ser-
vant as deputy governor, the
second-highest position in the
self-governing territory, accord-
ing to Associated Press.

Elton Georges, who previ-
ously served as the No 2 offi-
cial in the British Caribbean ter-
ritory from 1983 to 2003, came
out of retirement to replace for-
mer Deputy Governor Dancia
Penn, who announced her res-
ignation in November.

Gov David Pearey said
Georges will help him oversee
the islands’ affairs until a per-
manent appointment is con-
firmed, likely before the end of
the year.

Georges will help run the civ-
il service in the island chain of
roughly 22,000 residents and
perform the functions of Pearey
when the governor is absent.

Report calls
for limited

use of former
bombing range

@ PUERTO RICO
San Juan

THE US Fish and Wildlife
Service called Friday for
increased efforts to restore
wildlife habitat on the former
Navy bombing range on
Vieques island and recom-
mended limited tourism on the
site to protect the habitat,
according to Associated Press.

After years of protests, the
US Navy closed the 14,500-acre
training range in 2003 and hand-
ed it over to the Fish and
Wildlife Service. Workers con-
tracted by the Navy are now
clearing unexploded bombs,
rockets and other munitions
under Environmental Protec-
tion Agency oversight — a job
that could take as long as a
decade. The current phase envi-
sions clearing 1,100 acres (445
hectares).

The draft plan released Fri-
day said its proposals are based
on the assumption that conta-
minated areas will be cleared. It
emphasises wildlife conserva-
tion on the refuge but also
approves of activities including
hunting, fishing, kayaking and
wildlife photography, in part to
encourage the local ecotourism
industry.

The refuge occupies the east-
ern half of Vieques and features
hilly green terrain, placid beach-
es, tidal pools and crystalline
waters.

About two-thirds of the site is
currently closed to the public
because of the unexploded ord-
nance.

“<< TROPICAL
-EXTERMINATORS

Pee UE
‘PHONE: 322-2157



THE southern island of
Mayaguana was said to be “on
the brink of civil unrest” yes-
terday as residents accused MP
Alfred Gray and the local com-
missioner of gross political vic-
timisation.

Five islanders are claiming
they were dismissed from their
jobs because of their links with
the FNM. And a mother-of-
five was allegedly told by Mr
Gray that she had no chance of
employment unless she sup-
ported the PLP.

Up until press time, Mr
Gray did not return The Tri-
bune’s calls to comment on the
issue...

The grim spectre of the Pin-
dling era, when victimisation
was rife in the Family Islands,
has returned to haunt voters
in the run-up to the election, it
is claimed.

Mayaguana’s commissioner,
Samuel Miller, is accused of
being a tyrant who - though a
civil servant — openly cam-
paigns for the PLP.

Islanders say the former taxi-
driver “acts like Papa Doc”
and discriminates against any-
one who has associations with
the FNM.

But a resident warned:
“Things are heating up and
people are not going to take
this kind of thing anymore. I
have tried to calm them but I
fear a riot will happen if things
don’t get better.”

Disgruntled residents say Mr
Gray and Mr Miller are hand-
ing out jobs indiscriminately
to PLP supporters in the run-
up to the election. A known
drunk, they say, has been put
on the government payroll for
“doing nothing all day but
drink rum and smoke pot.”

“Everybody who supports
the PLP gets something dumb
to do,” a source told The Tri-
bune.

“One guy gets $200 just for
riding around with the com-
missioner.”

The source added, however,
that known FNM supporters

He

@ ALFRED Gray has been accused of political victimisation

were being fired from the I-
Group resort development





there “to fall in line with the
PLP’s wishes.”



unrest’ over victimisation claims

“As far as we are concerned,
the I-Group are in league with
the PLP in victimising people,”
said the source.

One woman, Samantha Col-
lie, was allegedly told flatly by
Mr Gray that she would not be
able to get a job on the island
because she is an FNM sup-
porter.

And another said she was dis-
missed from an J-Group con-
struction job by foreman
Ramadan McKenzie because of
her FNM associations.

A source said: “Losing a job
causes real hardship here. This
is a place where you catch crab
or die. Mayaguana is being run
like a dictatorship. People are
afraid to say anything.

“But they aren’t taking it any-
more. They are threatening civ-
il unrest, 60 or more of them,
and I think it could become a
riot.”

Mr Miller could not be con-
tacted up to press time last
night, as the phone lines into
Mayaguana seemed to be down.

FNM accuse Rigby of misrepresentation

RAYNARD Rigby is
defending “the indefensible”
when he argues in favour of
the policies of the ruling party,
according to the FNM.

The opposition was respond-
ing to a statement issued by
the PLP chairman over the
weekend, in which Mr Rigby
accused the FNM of making
senseless critiques of the ben-
efits that have ensued to the
Bahamian economy under the
PLP’s anchor project econom-
ic strategy.

However, the FNM said that
the PLP’s willingness to “mis-
represent the facts to the
Bahamian public is both per-
sistent and alarming” — and is
carried out in the face of easi-
ly verifiable facts.

Mr Rigby had said that there
has been no significant sale of
land from Bahamians to non-
Bahamians under the PLP gov-

ernment as compared to any
other period in the country’s
development.

“In fact it is the public
record that it was the decision
of the FNM to repeal the
Immovable Properties Act and
replace it with the Interna-
tional Persons Landholding
Act (IPLA) which allowed the
floodgates to open wide,” Mr
Rigby said.

The FNM said, however,
that it is an undeniable fact
that the PLP has presided over
the sale of thousands of acres
of Bahamian land to foreigners
throughout the Bahamas, par-
ticularly through its anchor
projects.

“These thousands of acres
of land sales represent more
than $600 million over the last
four years according to statis-
tics from the Central Bank of
the Bahamas. Furthermore in

direct contradiction to what
Mr Rigby says, former minister
of financial services Allyson
Gibson has boasted that the
PLP has sold more land to for-
eigners than the FNM.

Purchases

“During the tenure of the
FNM, more Bahamian land
was purchased from foreign-
ers by Bahamians than land
purchased by foreigners from
Bahamians. The statistics on
this were presented by former
prime minister Hubert Ingra-
ham in parliament where the
record stands today,” the FNM
said.

According to Mr Rigby, the
passage of the IPLA was cen-
tral to the FNM’s economic
and land use policies, but it
failed to empower Bahamians

in any meaningful way.

Under the International Per-
sons Landholding Act (IPLA),
non-Bahamians are able to pur-
chase up to five acres of land
for residential purposes, with-
out seeking the prior approval
of the government.

In addition, the IPLA
removed the statutory authori-
ty that existed under the
Immovable Properties Act for
the government to impose con-
ditions, such as the requirement
for non-Bahamians to construct
an edifice or develop the land
within a specified period of time
and to levy penalties for non-
compliance.

“As a result of the passage of
the IPLA, many non-Bahami-
ans were able to speculate in
Bahamian real estate... The
repeal of the Immovable Prop-
erty Act opened the floodgates
to non-Bahamian acquisition of

land throughout the Bahamas,”
the PLP chairman said.

But, the FNM said, notwith-
standing the misleading nature
of the notion that the IPLA
caused speculation in Bahamian
real estate, the fact is that the
PLP has been in office for the
last five years. =. +

“If they truly believed that
the IPLA was harmful to
Bahamians and that the Immov-
able Property Act was helpful,
then why did they not repeal
the IPLA and replace it with a
new Immovable Property Act?

“Either the PLP was incom-
petent in fixing a problem they
said existed or it was impotent
to do anything about it, which is
absurd,” the FNM said.

Mr Rigby said that the anchor

resort strategy has played an,

important role in the present
economic realities of the coun-

since abet bey shah dvan ussunesScives Gases basdeutianstte dua de eta an sates cas Cavateb dss su cous cede c asst cut oheucp odes athe dav act URNS seta cae cas e@esues doutwacss Miaka Atiecaden ooites GuNea east cusetesaeoudees pias sae tat wsepaetsbor seueuias aster ahev tel va aaseoiashat erste nests caetatek sees oveeticiasbiscoeeneierceasre Wis.

for the necessity of reparations

COB lecturer argues

@ By ALEXANDRIO MORLEY
Tribune Staff Reporter

REPARATIONS ought to
be paid for the injustices suf-
fered during slavery and colo-
nialism according to Dr Thad-
deus McDonald of the College
of the Bahamas.

Dr McDonald, the dean of
social sciences at COB, said
that the issue of reparations in
the Bahamas — and the world —
is not one of black versus
white, but rather a matter of
justice and humanity.

Calls for the payment of
reparations have a great deal
of support in the United States.
Proponents of this movement
suggest that the government
apologise to the descendants
of slaves for their ancestors’
hardships and offer some form
of repayment — whether it be in
the form of money, land, or
other goods.

There is also a newer move-
ment to secure reparations,
particularly from ex-colonial
western powers, for Africa and
African nations.

a

Solid Wood

Financing Available Through
Commonwealth Bank

The demand for reparations
has also been debated in the
international arena. Haiti has
filed a lawsuit against France
for restitution of the 90 million
gold francs paid to France in
1825. Jamaica has filed a suit
against the Queen of England.
In Namibia the Herero people
have filed against Germany. In
South Africa, victims of
apartheid have filed suit against
corporations that profited dur-
ing the apartheid regime.

And in the US, lawsuits
against 19 corporations are still
pending in the Federal District
Court in Chicago, Illinois.

The proponents of repara-
tions argue that there are legal
precedents which support their
claims.

Under the Civil Liberties
Act of 1988, the US govern-
ment apologised for Japanese-
American interment during
World War II and provided
reparations of $20,000 to each
survivor, to compensate for
loss of property and liberty
during that period.

Native American tribes have

received compensation for
lands ceded to the United
States under various treaties.

And with respect to the Jew-
ish holocaust, a reparations
agreement between Israel and
West Germany was signed on
September 10, 1952 and entered
into force on March 27, 1953.

According to the agreement,
West Germany was to pay
Israel for the slave labour and
persecution of Jews during the
holocaust and to compensate
for Jewish property stolen by
the Nazis.

However, the-principal argu-
ment against reparations is that
the cost would not be imposed
upon the perpetrators of slavery
nor confined to those who can
be shown to be the specific indi-
rect beneficiaries of slavery, but
would simply be indiscrimi-
nately borne by taxpayers.

In an exclusive interview
with The Tribune, Dr McDon-
ald said that black Bahamians
should receive some sort of
compensation.

“When you look at the his-
tory of the slave trade, I can

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forgive, but I cannot forget,”
Dr McDonald said.

“But with forgiveness comes
some sort of repayment and
when you look at the whole
notion of enslavement and
reparations you don’t even have
to look at it as a black issue or
white issue, because its a human
issue. I’m not asking for money
per se, but money is a part of
the compensation,” he said.

Asked if black Bahamians
should be paid money, Dr



McDonald said: “The problem
is that some of us are looking
for a quick fix. You cannot
solve 500 years of injustice in
five or 10 years, but some plat-
form has to be developed.”

“Because of the servitude
that we have been through and
the denial of our basic rights,
we are far behind and we need
to catch up, and the only way
that can be done is by assisting
and developing the inner com-
munities.”



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PAGE 4, WEDNESDAY, MARCH 21, 2007

eee ne
EDITORIAL/LETTERS TO THE EDITOR





















The Tribune Limited

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

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

SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G.,
(Hon.) LL.D., D.Litt.

Publisher/Editor 1919-1972

Contributing Editor 1972-1991

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager - (242) 502-2352
Circulation Department - (242) 502-2387
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Freeport fax: (242) 352-9348



Adderley in his own words

WE APOLOGISE to Mr Paul Adderley
and our readers for commenting in this col-
umn yesterday on a letter, written by Mr
Adderley, but failing to publish his letter on
the same page. Letter and commentary were
supposed to be published in The Tribune on
the same day and on the same page. Howev-
er, the commentary was published yesterday
without the letter to which it referred.

The mix-up was a miscommunication
between editors, which can happen even in
the communications business. Anyway, the

‘ letter is published on this page today. The

response to it was published in this column
yesterday.

In yesterday’s column we assured Mr
Adderley that at no time did we wish him
dead. However what we had written in the
March 14 column to which Mr Adderley
objected was that race would only cease to be
an issue in our elections when “time’s winged
chariot” arrives and departs with the Adder-
ley generation on board. Mr Adderley said as
much in the House of Assembly in 1993
when, in an exchange of words with House
Leader Algernon Allen, he remarked: “You
will have to kill me to stop me from calling a
dirty racist, a dirty racist,” adding: “I will be
dead before I stop calling a racist, a racist.”

In his letter he refers to a statement we
made in the March 14 editorial about a dona-
tion to the PLP. “It is not for me to say
whether Mr Kerzner made a donation to any-
body,” Mr Adderley writes, “but apparently
somebody gave this information to The Tri-
bune. So says the editor.” —

That somebody was Mr Adderley himself
in a speech he made on political reform in
1988. Obviously, he has since forgotten his
remarks. But it was he who said that Sun
International (now Kerzner International)
had made a $50,000 donation to the PLP’s
election fund. He then wondered out loud
how much must have been given to the FNM
government if $50,000 had been given to the
PLP, which was then only the opposition.

He accused 'Sun of trying to influence an ©

election. It was that off-the-cuff remark that
sent a Tribune reporter to find out how much
Sun had in fact given to. the FNM govern-
ment; only to discover that the FNM received

- nothing, because it had asked Sun for nothing.

We also discovered that Sun had not gone
looking to give anyone a donation to interfere
with any election. It was the PLP who had
made the demands on Sun. Mr Adderley



If you see this lovely young lady

around town,

her phone,

called an attempt by a foreigner to interfere
in local elections, “obscene.” This comment
was obviously intended for his own not-so-
innocent PLP, who had courted that inter-
ference.

However, an ‘item not dealt with in yes-

terday’s editorial was the reference to Mr |

Adderley’s threatening 1996 letter to Mr Sol
Kerzner, who was then a new investor to the
Bahamas.

On March 14 we wrote: “These were the
same Kerzners who Mr Adderley warned
not to enter into any agreements with the
FNM government, because as soon as the
PLP came to power, he said, all agreements
would be rescinded.

“There are good reasons,’ Mr Adderley
told the House of Assembly in 1993, ‘that
they (the FNM government) ought not to
deal with Sol Kerzner.””

Mr Adderley’s three-column letter is much
too long to reproduce in this space, but these
short excerpts will suffice. After condemning
the Atlantis agreement, and Sol Kerzner for

taking advantage of the Bahamas’ inexperi-
enced prime minister, Mr Adderley wrote:
“If you hold my Prime Minister to this
agreement you stand to risk having to rene-
gotiate it in 1997, one year before it comes
into effect and after you will have spent or
committed most of your company’s $300m...

“No successor government likes to con-
template having to renegotiate its predeces-
sors’ agreement, even bad agreements par-
ticularly with foreign investors. But this agree-
ment is so bad, so exploitive...

“Renegotiate now! That is your only
hope...”

Although Mr Adderley denied that he
had threatened Mr Kerzner — saying that
his letter had been discussed “by all the PLP
leadership” and presumably approved —
when asked what type message the letter sent
to foreign investors, Mr Kerzner replied:

“What do you think? I don’t have to tell
you that... One does not have to be a rocket
scientist to figure out the message it sends to
foreign investors.”

Mr Adderley’s letter was sent at a time
when the newly elected Ingraham govern-
ment was trying to resurrect this country
from the shambles it had inherited from the
PLP’s 25-year administration and get
Bahamians back to work.

Today, the Bahamas would not know what
to do without the Kerzner investment.











Paul Adderley
response

THE TRIBUNE



to editorial

EDITOR, The Tribune.

IF YOU had not expressed
your wish for my death in the
last paragraph of your Editox
ial of March 14, 2007 entitled
“Rebutting Adderley’s Racism
Charge” (which you failed to
honestly do), I probably would
not have written this letter.
That would have been a mis-
take.

Firstly you state that I did
not know that neither the
FNM nor PLP regard race as
an issue. If you would read The
Tribune of March 13th page
nine reporting on Gem’s 105.9
“Tell It Like It Is”, an article by
your Chief Reporter Mr Mis-
sick accurately reports me as
saying “— the majority of PLP
I think have put the racial issue
behind them —”. I do not
think that you were deliber-
ately lying on me, you just do
not read The Tribune.

Secondly, the next five inch-
es of your Editorial you devote
to, according to you, the colour
of money which you say is
“black and white” and the
Kerzner donation to the PLP
and FNM. It is not for me to
say whether Mr Kerzner made
a donation to anybody, but
apparently somebody gave this
information to The Tribune.
So says the Editor. But in my
comment I made no reference
to “black or white money” or
the Kerzners. You did write
that I said that the PLP would
rescind all agreements and
“that they (the FNM Govern-
ment) ought not to deal with
Sol Kerzner”. Wrong again on
all counts. The record will
show that I never said that the
PLP would rescind all agree-
ments and that the FNM ought
not to deal with Sol Kerzner.
Indeed the opposite was the
case. I said in 1966 that the
FNM ought to renegotiate
their agreement with Mr
Kerzner. That is the truth,
Madam Editor. Let’s say that
this time you forgot. —

You accuse me of being a
racist. This I am not. But I
understand why you think that
Iam. I think I know who I am
and I would like every black
Bahamian to be proud to be
black and proud, the inheritors
of a rich and noble heritage
here. “We need to understand
fully that the history of black
people in The Bahamas is not
simply about understanding
slavery or discrimination, that
black Bahamians have a rich






Poe BB ays

letters@tribunemedia.net

and exciting cultural and social
history which must be known,
embraced and remembered by
all Bahamians.”

Unless you think I am a hyp-
ocrite I mean it when I say as
The Tribune’s Chief Reporter
reported accurately that the
colour of the FNM Deputy
Leader was irrelevant and his
unfitness to be Prime Minister
has nothing to do with his
colour; at the same time The
Tribune reported that I said
that I would have no problem
with a white Prime Minister
like Mr Seaga in Jamaica
which is the proudest
Caribbean country of their her-
itage.

I do not think my proposi-
tion is as stupid as you think,
because there are hundreds of
white Bahamians who vote
colour not party or interests.
Ask any one of your white
friends who vote colour still

who were discriminated against
by the Bay Street boys but who
prospered under the PLP but
would never vote PLP.

I have never heard of what
you call “Adderley’s logic”,
and never seen the thought in
print even in The Tribune. I
am sorry you are wrong again.
What you are thinking about is
“Adderley’s Law” when I was
Minister of Education when I
said I wanted no child to go
from Primary School to Sec-
ondary School without being
able to succeed at Mathematics
and English. I thought that was
a good idea, but you never sup-
ported it.

Fortunately for me, you will
have no control over my death
when “time’s winged chariot”
comes for me, which as you
said in your Editorial you look
forward to.

PAULL
ADDERLEY
Nassau,
March 15, 2007.
e SEE EDITORIAL
THIS PAGE

Govt ‘continues’
to ignore the law:

EDITOR, The Tribune.

THIS PLP Government continues to ignore the law.
The Constituencies Commission made its report to,
the Governor General last week Wednesday, March 14,

2007. This is more than four months after the date

which the Constitution required the report to have been

given.

Article 70 of the Constitution of The Bahamas is very
clear. It states that the Constituencies Commission

shall:

at intervals of not more than five years review

the number and boundaries of the constituencies into
which The Bahamas is divided and shall submit to the *
Governor General a single report either-

(a) stating that in the opinion of the Commission, no!

change is required; or

(b) recommending certain changes and the Goveran
General shall cause such report to be laid before the .
House of Assembly forthwith.”

It means that the Constituencies Commission must
review and make a report not more than five years after
the last report was made by the Constituencies Com- ,
mission. The last report of the Constituencies Commis-
sion was made on November 7, 2001. If it had complied
with the requirement of Article 70, the Constituencies -
Commission should have made its report by November:
7, 2006, more than four months ago.

The Government cannot be permitted to continue to:

ignore the law.

During its term in office, this Government ignored
the requirements of the Judges Remuneration and Pens
sions Act and failed to appoint a Commission to review
the remuneration of Justices of the Supreme Court an
the Court of Appeal in 2003 and not until November, »

2006 after great public outcry. Of this Senior Justice

Anita Allen said “the government’s failure in this

regard is egregious and a potentially serious threat to

the health of judicial independence i in The Bahamas”.
The Bahamas cannot continue to have a government ,

that simply ignores the law.

MICHAEL L BARNETT

Nassau,
March 18, 2007.

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THE TRIBUNE

WEDNESDAY, MARCH 21, 2007, PAGE 5



EEE
Calls for prosecution after fort

remains destroyed by bulldozer



In eee

Investors say
Dominican
Republic
ignored warning

@ DOMINICAN REPUBLIC:
Santo Domingo

FOREIGN energy
investors said on Friday that
they warned the Dominican
Republic it had to mend its
crippled power sector months
before filing a US$680 mil-
lion lawsuit against the coun-
try for lost electricity revenue,
according to Associated Press.
‘ Los Angeles-based TCW

-Group Inc. advised Domini-
‘ean officials in May 2006 it
would sue if immediate steps
were not taken to curb ram-
‘pant electricity theft and raise
customers’ rates, according to
, Blair Thomas, head of the fir-
m’s infrastructure and energy
, business.
. “We’re a business where
‘half of our users steal from
us... and the government
“watches it happen,” Thomas
‘told Associated Press by
“phone from Australia, where
“he was travelling. He said the
-Caribbean nation’s govern-
“ment was “well briefed”
before the suit was filed.
'. TCW, which is owned by
.France’s Societe Generale,
filed for arbitration at the
close of business Thursday
under a Dominican-French
bilateral investment treaty.

The claim for lost revenue
dates back to 2004, when
TCW bought half the distrib-
ution company that powers
six southeastern Dominican
provinces and much of the
capital of Santo Domingo.
~The other half is owned by
‘the state-run electric compa-

ny.

Guyana passes
bills to boost
security for
‘World Cup

B@ GUYANA
Georgetown

GUYANA’S Parliament
has passed three bills to
strengthen security for the
cricket World Cup, including
‘one giving foreign agents spe-
cial protection under local
laws during the seven-week
tournament, according to
Associated Press.

The South American
nation’s security legislation
was passed late Thursday in
the 65-member House with
few objections from opposi-
tion benches, Interior Minis-
ter Clement Rohee said Fri-
day.

Under the so-called “Vis-
iting Forces Bill,” foreign
agents will form part of a spe-
cial regional task force to pro-
tect against security breaches
during the sport’s biggest
event. Some of the interna-
tional agents, including bomb
detection experts from India,
are following specific teams
from venue to venue.

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9:00 Bullwinkle & Friends

9:30 King Leonardo

10:00 International Fit Dance °
10:30 Real Moms, Real Stories,





























Real Sawy
11:00 Immediate Response
noon ZNS News Update

12:05 Immediate Response Cont'd
1:00 Legends: King Erisson
2:00 Island Lifestyles

2:30 Turning Point

3:00 Paul Lewis

3:30 Don Stewart |

4:00 The Fun Farm

5:00 ZNS News Update

5:05 —_ Battle of The Brain

5:30 The Envy Life

6:00 A Special Report

6:30 News Night 13

7:00 Bahamas Tonight

8:00 Introduction of PLP
Candidates

Caribbean Newsline
News Night 13

11:00 The Bahamas Tonight
11:30 Immediate Response
1:30am Community Page 1540AM

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10:00
10:30



m By ALISON LOWE
Tribune Staff Reporter

NASSAU is losing its historic
assets one by one it has been
claimed — after the remains of a
Loyalist military outpost were
demolished in what has been
deemed a tragic act by a “trig-
ger happy bulldozer”.

Outraged conservationists
have called for criminal prose-
cution over the incident.

All that remained of the Old
Southern Battery — also known
as Fort Frasier - on Cowpen
Road, were the cut stone foun-
dations which, in the 1790s,
formed the basis of a wooden
structure that historians have
determined was used as an out-
post for Loyalist soldiers keep-
ing watch for pirates and other
marauders across the South
Beach area.

Nonetheless, it was listed in

1991 by the Bahamas National
Trust (BNT) historic preserva-
tion committee and the
Department of Archives, head-
ed by Dr Gail Saunders, in a
register of sites of historical
importance.

The owner of the property
had been in the process of nego-
tiating to have it turned over to
the Monuments and Antiqui-
ties Commission when it was
unexpectedly bulldozed last
week by an individual clearing
the area.

The elderly owner's son
Simon Rodehn, extremely dis-
appointed that a historic asset
has been lost and his father's
property destroyed, has spoken
out about how it appears to be
all too easy for individuals to
randomly employ heavy
machinery such as bulldozers
across New Providence.

Mr Rodehn described how

his father first purchased 10
acres of property on Cowpen
Road in the 1960s specifically
to obtain legal ownership of the
Old Southern Battery.

"He wanted to own it and
preserve it," said Mr Rodehn.

In years that passed, his
father sold off most of the sur-
rounding land, but made a point
of keeping the plot on which
the 20 by 30 foot foundations
stood.

History

Officials from Antiquities and
Monuments — before it was
named such — were called in to
investigate the site and discoy-
ered numerous artifacts, includ-
ing pottery dating back to the
Loyalist era.

Further research at the
British Museum confirmed that



RDBF detains large
group of Haitians

@ By ALISON LOWE
Tribune Staff Reporter

A GROUP of 195 undocu-
mented Haitians arrived into
the capital yesterday after being
collected by a Defence Force
vessel from Little Farmer’s Cay,
where they were being detained
by locals after their boat ran
aground on a nearby sand bar.

Having witnessed the scene,
residents of Little Farmer’s Cay
went out to the vessel to assist
the stranded people, according
to a statement from the RBDF
public relations department.

Shortly after, locals contacted

the RBDF, and officers from
the force, along with immigra-
tion authorities, were dis-
patched to collect the immi-
grants.

According to a spokesperson
for the RBDF, their boats
reached the island Monday
afternoon.

Defence Force officers
remained on the island for the
night, returning yesterday with
the Haitians onboard at around
5pm.

This latest detainment brings
the number of Haitian migrants
intercepted by the RBDF so far
this year to 682.

Jitneys blamed for
lateness at school

@ By DENISE MAYCOCK
Tribune Freeport Reporter

FREEPORT — Concerns
have been raised over the per-
sistent tardiness of many stu-
dents at the Eight Mile Rock
High School who ride the jit-
neys in the morning.

A concerned resident of
Eight Mile Rock reported that a
large number of students are
getting to school after 9.30am
because they will only take cer-
tain buses.

The resident said many stu-
dents refuse to take a jitney
unless it is playing loud music
and has DVD monitors — even
if it means getting to school late.

“This is totally unacceptable,”
said the source. “I have seen
students on the bus stops wait-
ing to be picked up around
9.30am by the jitneys.”

School principal Sheryl Camp-
bell admitted that there is a tar-
diness problem among those stu-
dents who have to catch buses
from the West End, Holmes
Rock and Freeport areas.

Ms Campbell said that two
buses are contracted to pick up
students from West End and
Holmes Rock. The bus drivers
usually call to notify the school
when they are running late.

She said the students who live
in Freeport can take the free bus,
which makes one trip leaving at
8am for the school. Others catch

individual jitneys to school.
Although the buses some-
times run late, Ms Campbell

" said that bus drivers are not

always at fault.

She noted that at one point in
the past, there was a bus short-
age and some buses had to make
two trips to pick up students.

“The problem has been
addressed now and we believe
that a significant number of the
students are just lazy and not
getting up early to get to the
bus stops at a reasonable time,”
she said. ;

She believes that the change
to daylight savings time has also
contributed to recent late arrivals.

She said that most of the stu-
dent body arrive for school on
time, at 8.45am. Students arriv-
ing late three consecutive times
are placed in detention.

The source said that the school
needs to inform parents because
many of them are not even
aware that their children are
arriving late. “We were so con-
cerned about the situation that
we went around and spoke to
some of the parents. And while
some seemed to give lame rea-
sons, others were not aware that
their children were reaching to
school late, so the school needs
to communicate with parents.”

Ministry of Education offi-
cials in Freeport could not be
reached for comment up to
press time.





Colors:

Brown
moe

at

it was indeed the Old Southern
Battery, one of Woodes Rogers’
series of forts on New Provi-
dence.

However, all this history has
now been lost as the property
has been recklessly destroyed.

"One by one you lose these
things at a time when other peo-
ple in the world are preserving
them and restoring them," said
Pericles Maillis, conservation-
ist and past president of the
BNT

Although praising the BNT
and the Antiquities and Monu-
ment Committee for their work
in preservation, Mr Maillis said
that these organisations are
sometimes overwhelmed by
members of the "public, busi-
ness community and developer
community" who may have oth-

. er interests.

"At some time we're going
to have to have an ethic and if

Bahamians claim to love their
country then loving its historic
assets and so forth has to be
part of it," he said.

According to Mr Maillis, if
no punishment is meted out in
response to the bulldozing of
the property, the government
will risk doing a disservice to
the Bahamas at large in terms
of preserving its assets.

Mr Maillis said he had always
had a dream that the Old
Southern Battery would be
included by a “creative entre-
preneur" in a tour of the his-
toric defences of Nassau.

It would have been a perfect
stop off between those sites sit-
uated in the eastern end of the
island, and those out west, he
said.

Mr Maillis said he hopes the
Battery can be reconstructed,
although Mr Rodehn admitted
that this will be a difficult task.



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ee

PAGE 6, WEDNESDAY, MARCH 21, 2007

Political posturing and the history
of foreign investment projects



HERE’S been a lot of

of caterwauling lately
about big foreign resort invest-
ments on the out islands. Most
of us know them as anchor pro-

jects.

Some argue that the hotel .

industry is just an updated ver-
sion of the master/slave “plan-
tation economy”. Others say
our birthright is being sold out.
And still others worry about the
thoughtless destruction of
islands that will never be the
same again.

Here are some representative
comments gathered from
Bahamian news and discussion
sites recently:

“(Christie’s) entire economic
outlook is pinned to these poor-
ly planned mega-resorts. Deals
that benefit nobody but the
greased hands and developers.
These deals are made possible
by (giving) away Bahamian land
that is your birthright.”

“Until we stop looking at this
as an FNM- or PLP-created
problem, it'll never change. We
are bred and educated to be
someone’s waitress, butler,
housekeeper, cook, etc. How can
we break that glass ceiling?”

“The government needs to get
out of this current economic
model which involves the cheap
sale of land. Not everyone’s call-
ing is to be a taxi driver, house-
keeper or straw vendor.”

“Both the government and the
opposition need to look at the
best interest of the country and
not their own personal gain. This
current model is deeply disturb-
ing because there will be no land
in the future for Bahamians to
live and invest — just enormous
hotels and resorts that facilitate
the oh so cherished jobs.”

“Don’t let the FNM and PLP
blind you by this outcry about
selling out the Bahamas. Both
parties would do it regardless.
Instead, (they) should be creat-
ing ways for Bahamians to get in
on the game. It’s amazing how
the ‘black’ Bahamian elite keeps
us polarized on insignificant
issues while they go on Setting

up their lil under the table deals.”'

“Certain members of the gov-
ernment think the natives are too
stupid to catch on, or too des-
perate for investment to care.
They’d rather give land to com-
panies that are blatantly using
the Bahamas!”

The clear implication is that
the Bahamian economic model

— our national way of making a
living — is fatally flawed. In this
view we are Selling the entire
country to foreign speculators
and condemning ourselves to
be a nation of servants and
bootlickers.

The Tourism Track Record

O-« the last half-cen-
tury tourism has pro-

duced enormous economic
growth and employment for
Bahamians. It is already the
world’s largest industry — and
in this new century it will
become the largest the world
has ever known.

It began in our islands with
just a handful of winter visitors,
but after the Second World War

companies, restaurants and oth-
er services. And these are not
just low-level jobs. This industry
— like most others — produces
a full spectrum of employment
opportunities—from unskilled
to semi-skilled to professional.

Nationally, the benefits are
on a similar scale. Tourism con-
tributes more than half of all
government revenues—the
money we use to build roads,
hospitals and schools and to pay



Natural resources are under
pressure from poorly planned and
difficult-to-sustain development. In
the Bahamas, such decisions are
made in a vacuum, with no real
understanding of the carrying
capacity of either the infrastructure
or the environment.



the numbers rose from 45,000 in
1950 to 342,000 in 1960 to 4 mil-
lion today. And by most
accounts this has produced one
of the most remarkable and
resilient economies of any small
state in the world.

Although tourism is often
referred to as a “fickle” indyps-
try, it has produced sustained
growth and unprecedented
progress for Bahamians. Even
when an American recession in
the late 1980s, combined with
Bahamian corruption and mis-
management, sent the econo-
my into a tailspin, the founda-
tion held firm.

At the time, many thought
we might never recover. For-

_ eign investment evaporated,

unemployment rose to almost
15 per cent, hotels closed, and
morale plummeted. But the fun-
damental strength of our major
industry was such that the
Bahamas continued to outper-
form others in the region.

oday, we earn almost
$2 billion from this

industry — money which pays ©

the wages of some 40,000
Bahamians in hotels, shops, tour

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our hardly working civil ser-
vants. In fact, it accounts for 70
per cent of our gross domestic
product — the country’s total
output of goods and services.
There is no doubt that tourism
has transformed the Bahamas
into a modern state.

The policy of siting anchor
developments on major islands
dates back to the Pindling era,
(when the Family Island Master
Plan was drafted) and was hot-
ly pursued in the latter years of
the Ingraham administration
(once investor confidence had
been restored).

Like a major tenant that
helps carry a shopping mall, the
idea is for investors to build res-
idential/resort complexes that
will provide basic infrastructure
for local communities and spur
growth. These projects are
thought to make the best use
of our limited resources.

The Anchor Project Track
Record

E 1997, a Florida develop-
er launched a huge resi-
dential resort on the tiny island
of Bimini, turning it into a vir-
tual suburb of Miami. Following
howls of protest about the
unnecessary destruction of
important ecosystems, the pro-
ject was scaled back.

But it continues to transform
Bimini into a Florida gated
community, destroying the very
assets that it disingenuously pro-
motes. Anyone going to Bimini
today cannot help but be
shocked by its overwhelmingly
inappropriate footprint. It is
perhaps the most tragic exam-
ple of mistaken development in
our history.

In 2001 the Hotel Corpora-
tion sold almost 11 acres of land
at Ocean Bight in Exuma to the
Emerald Bay Resort Company
for $2 million. These developers
went on to build a $70 million
community, including a luxury
hotel brand and all the usual
upscale amenities.’

Emerald Bay opened three
years ago but has yet to achieve
critical mass. Reports are that

SALEMDALE
326-5556
9am-6pm

Monday-Saturday

LARRY SMITH

Site.



few homes have been built and
the hotel is up for sale. Accord-

-ing to a recent Tribune article:
_“The costs of infrastructure at

Emerald Bay, such as roads and
all the utilities — paid for at
least in part by the developers
— coupled with the high oper-
ating cost of environment both
inside and outside the resort,
have made it difficult for the
owners to generate a return on
their investment.”

(): Abaco, the $100
million Winding Bay

Club near Cherokee was
launched at about the same
time that Emerald Bay opened.
A couple of years later, the
Rum Cay Resort Marina began
work on 900 acres of old plan-
tation estates in the southern
Bahamas.

And the government recently
agreed to a joint venture with
Arab investors involving 10,000
acres of Crown land on sparse-
ly populated Mayaguana. This
project promised $1.8 billion of
investment over 15 years, and
has yet to get off the ground. -

But the multi-million-dollar
Baker’s Bay resort development
approved in 2005 on Great
Guana Cay in the Abacos was
the first project to arouse well-
publicised resentment in local
communities.

According to Freeport lawyer
Fred Smith, who has spear-
headed a series of legal actions
against big-time foreign devel-
opers: “Are we ready to accept
the complete effacement of
what is left of the old Bahamas
in the Family Islands? Do we

understanding of the carrying
capacity of either the infra-
structure or the environment.

And since the government
controls 70 per cent of our real
estate and approves all invest-
ment proposals — this is an
important issue. In fact, we bor-
rowed several million from the
Inter-American Development
Bank years ago to come up with
an integrated land use policy to
address these issues. It is still in
the works.

Many commentators are.con-
cerned that the influx of foreign
speculators will squeeze
Bahamians out. They complain
about the loss of waterfront and
hilltop sites throughout the
country. They also object to the
grant or concessionary sale of
public land to help investors
build developments that cater
to other wealthy foreigners.

he late George Mackey
(chairman of the

Antiquities Corporation at the
time of his death) spoke about
an area on Acklins that was
recently acquired by a foreign
developer.

“Those hills are some of the
highest elevations on the island
and clearly ought not to be
made inaccessible to Bahami-
ans... if we are not careful all
those lovely beaches will most
likely be gradually acquired in
like manner...then, a few
decades hence, the natives of
Acklins will be without suffi-
cient beaches, just as we are
now in New Providence.”

“A bird in a golden cage is
no less a prisoner,” Mr Mackey
said. “And without more bal-
ance and control, this will be
the plight of future genera-
tions.” His clear implication was
that Bahamians would become
slaves again in their own coun-
try.

Well let’s take a look at Aba-
co. One of my recent ancestors
lived in a three-room shack on a



This does not mean tolerating the
destruction of tiny island
communities like Bimini. Rather, it
means the enforcement of up front
guidelines, the setting aside of
marine reserves and public spaces,
and the choice of appropriately
scaled development — all within the
context of a national land use plan.



really want everywhere in the
Bahamas to become an
Atlantis?

“Every day that we don’t
have a plan or vision for our
future, one more piece of our
culture, our heritage, our envi-
ronment and our marine and
land resources is irreplaceably
lost and disappears into the
hands of foreign and Bahamian
developers, whose only goal is
to get in, make money and go
on to the next project.”

A Vision for the Future

I: becoming clear to pol-
icymakers around the

world that development goals
cannot be met without protect-
ing the environment. Natural
resources are under pressure
from poorly planned and diffi-
cult-to-sustain development. In
the Bahamas, such decisions are
made in a vacuum, with no real

postage stamp plot of land at
the peak of the Hope Town
dune — with a fabulous ocean
view. He was a seaman (what
else).

In the 1940s he sold the shack
and moved to Nassau. The old
homestead eventually ended up
in the hands of the Kraft cheese
family, and realtors say it is val-
ued at close to a million dollars
today. But to my great grandfa-
ther it was worthless. No doubt
he would have considered him-
self a bird in a cast iron cage.

he point is this: Hope
Town is now a very

desirable place to live. But it
wasn’t always like that...people
invested over the years to take
advantage of changing circum-
stances. Luck, hard work, the
environment and proximity to
the huge American market had
a lot to do with it.

But surely it is our mutual

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THE TRIBUNE

responsibility to develop and
articulate a rational policy that
addresses the key issues dis-
cussed here honestly and trans-
parently. And that means
accepting up front that the
Bahamas requires large
amounts of foreign investment
to survive as a modern state.

This does not mean tolerating
the destruction of tiny island
communities like Bimini.
Rather, it means the enforce-
ment of up front guidelines, the
setting aside of marine reserves
and public spaces, and the
choice of appropriately scaled
development — all within the
context of a national land use
plan.

S« policies have been
on the table for decades.
And experts say they are
absolutely necessary for order-
ly and productive development
— particularly to avoid the
issues that critics refer to. The
problem is that this is too much
like work for our politicians,
who can’t seem to articulate an
intelligent way forward.

Their only interest, it seems,
is to to create more opportuni-
ties for supplicants to come to
them for approvals and favours.
As the election approaches,
here is what the two major par-
ties have to say on the matter:

“The government (does not)
fully understand the importance
of land use in the creation of
wealth, nor does it understand
the repercussions of the disposal
of public and other lands out-
side of a considered, environ-
mentally sustainable plan.” -
Free National Movement.

“There has been no give-away
of Bahamian land by the PLP.
All of the investments have been
carefully prescribed by joint ven-
tures to keep the interests of the
Bahamian people uppermost if
Crown land was involved. The
noise in the market is only the
sound of the FNM'’s guilty con-
science.” - Progressive Liberal
party.

he plain fact is that
most Out Island devel-

opments have failed: Even in
Freeport where, as Fred Smith
notes, “there are miles of beach-
es and paved roads, where san-
itation, water, telephcne, cable,
internet and electricity fax ‘lities
are already in place in a master
plan designed for 300,000 pso-
ple... and where there are thou-
sands of unemployed Bahami-
ans in the construction, hospi-

- tality, and tourism field avyaii-

able for work. *

According to one commen-
tator on the Bahama Pundit
website, the solution is simple:
“Want better jobs than what the
tourist industry offers? Let for-
eigners start businesses in desir-
able sectors (tech, pharma,
logistics, whatever) with no
restrictions on hiring Ist-world
foreign workers, and no
requirement for a Bahamian
investment partner.

“These businesses will bring
in a few high-salaried experts,
and fill the rest of their slots
with Bahamians. Bahamians
will learn the skills to compete
globally through hands-on
work. Eventually some of them
will start businesses of their
own.

Of course, that would mean
re-tooling our education system
to produce employable techies.
As the commentator said,
“there is no easy way to get
ahead, no way to leapfrog to
prosperity. It is work, hard
work.”

What do you think? Send
comments to larry@tribuneme-
dia.net. Or visit www.bahama-
pundit.com

Share
your
news

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award.

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














THE TRIBUNE

WEDNESDAY, MARCH 21, 2007, PAGE 7





US Ambassador praises Bahamas for
tanding out in support of human rights

m@ By DENISE
MAYCOCK
Tribune Freeport
Reporter -
FREEPORT —- US
Ambassador John Rood

praised the Bahamas for ©

standing out among other
Caribbean countries in sup-
port of democratic rule and
human rights at the last
meeting- of the Non-
Aligned Movement in
Cuba.

While in Grand Bahama
last week, Mr Rood said
that the strong bilateral co-
operation between the
United States and the
Bahamas has led to better
international co-operation
on key issues, such as
human rights and democ-
racy.

“The Bahamas stood
alone among its Caribbean
peers in its support for key
human rights resolutions in
the UN in late 2006.

“The Bahamas should
rightly be proud of its
standing in the world as a
beacon and testimony to
the potential for democra-
cy and freedom,” said Mr
Rood.

Ambassador Rood, who
is set to step down soon,
reflected on his accom-
plishments over the past
three years as America’s
representative to the
Bahamas.

He said it is very impor-
tant that the Bahamas con-
tinues to stand up on the

world stage for the values.

Bahamians believe in:
democratic elections, a free
press, the rule of law, free-
dom of expression and reli-
gion. ;
“These are values we
share and values we must
work together to promote,



Roe

“The Bahamas stood alone
among its Caribbean peers in
its support for key human
rights resolutions in the UN in
late 2006. The Bahamas should
rightly be proud of its standing
in the world as a beacon and
testimony to the potential for
democracy and freedom”



US Ambassador John Rood

for there are far too many
places in the world where
these rights we take for
granted do not exist.

“IT commend the govern-
ment and Minister (of For-
eign Affairs) Mitchell for
making a difference in that
regard as there are people
who are oppressed
throughout the world and
need a voice,” he said.

‘Mr Rood said he hopes

that in the future, the
Bahamas can work closely
with the US to help ensure
that the Cuban people can
svon enjoy the basic rights
of free expression, associa-
tion, assembly, privacy,
movement and due process
of law that Bahamians and
Americans enjoy.

The ambassador said the
United States and the
Bahamas share a love for



democracy and the values
of freedom, security, and
prosperity.

In the years ahead. Mr
Rood expects that the US-
Bahamas co-operation will
continue to strengthen and
expand as both countries
seek to address the new
threats to international sta-

bility and prosperity.

He stated that weak
democratic institutions are
the root cause of many of
the recurring political
crises that have plagued
the most troubled countries
in the Western Hemi-
sphere, such as Haiti.

The ambassador said that
the Bahamas and the US
can work together nation-
ally. or as a part of Cari-
com, to help build democ-
ratic institutions in Haiti,
and re-establish the rule of
law.

“The Bahamas deserves
praise for its willingness to
support the new govern-
ment by providing training
for Haitian police at the
Bahamas Police Training
Centre.

“Still, more assistance
will be needed in carrying
forward reform and train-
ing for law enforcement,
strengthening the judicia-
ry, implementing anti-cor-
ruption programmes, pro-
moting economic growth
and protecting human

rights,” he said.

Ambassador Rood
believes that the Bahamas
and the US face threats in
security from terrorists,
rogue states and the pro-
liferation of weapons of
mass destruction.

The United States, he
said, appreciates the sup-
port the Bahamas has pro-
vided at the United
Nations by condemning
proliferation of weapons of
mass destruction and bal-
listic missiles.

Mr Rood said the US
also appreciates the work
done in Grand Bahama to
protect shipping against
such threats.

He noted that the
Megaports and CSI pro-
grammes help protect the
port from terrorist activi-
ties with the help of mil-
lions of dollars of high-tech
equipment provided by the
US.

These programmes keep
the borders of both nations
safe, Ambassador rood
said.

Wireless company pledges $160,000 to help GB YMCA





B KAREN PINDER-JOHNSON,
executive director at the YMCA



@ By DENISE MAYCOCK
Tribune Freeport Reporter

FREEPORT - Pegasus Wireless Cor-
poration has pledged $160,000 to help
complete restoration at the YMCA on
Grand Bahama.

Pegasus CEO and president Jasper
Knabb, a new investor to Grand Bahama,
made the pledge — the largest financial

- contribution by a single investor to the Y

— on Saturday.

Karen Pinder-Johnson, executive director
at the YMCA, said she is very grateful to
Mr Knabb for his “very generous” contri-
bution to the facility, which is located on
Settler’s Way.

Mr Knabb opened his wireless manu-
facturing company at West Settler’s Way
in Freeport a month ago. At the opening,
he pledged to provide scholarships to the
College of the Bahamas and computer
labs to Hugh Campbell Primary
School and Bishop Michael Eldon High
School.

The YMCA was extensively damaged in
2004 by two powerful hurricanes. About
75 per cent of the facility has been restored
through fundraising by Y officials, and
contributions made by the government
and corporate sponsors.

Ms Johnson said the funds would be
used to improve the playing field, and to
complete restoration of the basketball

gymnasium, which was completely

destroyed.

“T am so excited because it’s been a long
haul for us at the Y, but Mr Jasper Knabb
came through for us with a pledge of
$160,000 which is what is going to take
for us to come back 100 per cent from the
hurricanes,” she said.

“The basketball gym and the resurfacing
of the field which is long overdue are the
two main areas where we need repairs.”

Ms Johnson said that the YMCA caters
to thousands of young people, who par-
ticipate in its swim programmes and its
state-of-the-art fitness centre. She said the
donation will also allow them to provide
more programmes for the youth.

18 10 me tas ie oe

Y

zste ee





COIN OF THE REALM






PAGE 8, WEDNESDAY, MARCH 21, 2007

THE TRIBUNE



Venezuela’s consumer culture grows

while Chavez calls for socialism

@ VENEZUELA
Caracas

PLASTIC surgeons are per-
forming nips, tucks and breast
implants at a record pace.
BMWs are being snapped up
from the sales lots. And sleek
new shopping malls are spring-
ing up among the high-rises in
Venezuela’s capital, according
to Associated Press.

Although President Hugo
Chavez is urging Venezuelans
to adopt more ascetic socialist
values, a culture of con-
sumerism is flourishing as an oil
boom surges through the
nation’s economy.

Shoppers are buying up
everything from cell phones to
Scotch whisky at a rapid clip as
the economy benefits from high
world oil prices and banks com-
pete for clients by cutting con-
sumer loan rates in half.

Venezuelans bought 343,000
automobiles last year, a 50 per
cent increase over 2005.

“Everything is selling — sport
utility vehicles, pickups, buses,
everything,” said Jorge Garcia
Tunon, who runs one of the
leading auto showrooms in
Caracas. “The demand is
impressive. The market has
grown like crazy.”

Waiting lists of two months
or more are common for many
car models. The waiting lists for
compact, inexpensive cars are
particularly long. American cars
are among those selling well.

Other areas of the economy
have experienced similar
growth. Consumer spending
grew by a historic 20 percent
last year compared to 2005,
according to estimates by the
private polling company Dat-
analysis.

Seven new shopping malls
were built in the country last
year, and this year at least 13
more are projected to be com-
pleted.

Plastic surgeons also are
doing a brisk business.

“Between buying myself a car
and getting breast surgery, I
decided on my breasts, and I
think the sacrifice was worth
it,” said Omaya Davila, a 31-
year-old shopkeeper who was
waiting for a follow-up appoint-
ment with a plastic surgeon
after getting breast implants.
Eight other patients were in the
waiting room.

A record 30,000 Venezuelan
women out of a national popu-
lation of 26 million underwent
breast augmentation surgery
last year, an increase of nearly



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80 per cent over the previous
year, according to Statistics
from the Venezuelan Plastic
Surgery Society.

Dr Reinaldo Kube, the soci-
ety’s president, said the pro-
portion of the population with
breast implants in Venezuela is
one of the highest in the region.
By comparison, a slightly small-
er proportion of the US popu-
lation — more than 291,000

&@ SHOPPERS move about a popular shopping mall in Caracas



ee ee

(AP Photo/Leslie Mazoch)

women — had breast augmen-

tation surgery in 2005, according
to figures from the American
Society of Plastic Surgeons.
“2006 was the year of cos-
metic surgery in Venezuela. I'd
estimate 200 percent increases
in consultations and opera-
tions,” said Dr Victor Rada,
who has worked as a plastic sur-
geon for more than 15 years.
A key force behind Venezue-



la’s economic growth has been
the oil industry, which accounts
for 78 percent of exports and
some 14 per cent of Venezuela’s
gross domestic product. High
oil prices also are helping fill
government coffers. This year,
an estimated 45 per cent of gov-
ernment revenues are projected
to come from oil.

The consumption trend has
touched all social classes,
including low-income Venezue-
lans. A growing state work
force, new government bene-
fits and a rising minimum wage
have helped put money in
Venezuelans’ pockets, even as
high inflation has eaten away
at those gains.

Change

Chavez on Sunday called ris-
ing consumption among the
poor a sign of positive econom-
ic change, saying “it’s part of
our policy of seeking equality.”

Extended credit lines also
have contributed to the spend-
ing spree. Loan portfolios grew
by 118 per cent to US$6 billion
last year, according to Softline,
a Caracas-based banking con-
sultancy. ;

For the wealthy, new auto

dealerships have opened to sell
BMWs, Audis and Hummers.

Importers have brought
about 300 Hummers to
Venezuela in the past two years,
and the sport utility vehicles
have sold for an average of
US$93,000, Garcia Tunon said.

“They never used to be seen
in Venezuela,” he said, but
nowadays “there are some peo-
ple who are earning enough to
buy them.”

Chavez regularly tells
Venezuelans that capitalism is
evil and urges them to leave
behind their yearnings for
wealth. Aa

“Consumerism carries inside
it a cell that we could call car-
cinogenic: corruption. What is
the root of the corruption? The
desire to possess material
goods,” Chavez told thousands
of supporters during a recent
speech in which he urged them
to embrace socialist ideals.

For some, though, encourag-
ing Venezuelans to change is a
hard sell.

“We are accustomed to a free
lifestyle, to the sensation of hav-
ing just to have,” said 49-year-
old Antonio Garcia, who was
looking for a new television.
“Trying to box us into social-
ism isn’t going to work with us."

into banana tariffs

WTO investigation

@ GENEVA

THE World Trade Organi-
zation authorised an investi-
gation into the European
Union’s banana tariffs on
Tuesday, reopening a decade-
old dispute pitting Latin
American countries and the
United States against the EU,
officials said, according to
Associated Press.

Ecuador asked the global
trade body to establish a com-
pliance panel, claiming that
Brussels has failed to comply
with WTO rulings. The EU
blocked Ecuador’s initial
request two weeks ago, but
could not delay the investiga-
tion a second time under WTO
rules.

The WTO has consistently
ruled against how the EU sets
tariffs for bananas, forcing the
27-nation bloc to overhaul a sys-

tem that grants preferential con-
ditions for producers from
African and Caribbean coun-
tries, mainly former British and
French colonies.

Brussels, however, says a new
banana tariff established last
year — US$234 per ton — has
brought its rules for banana
imports in line with WTO rul-
ings.

But Ecuador, the world’s
largest banana producer, says
the new tariff has actually taken
away some of its market-share
in Europe, hurting more than
one million Ecuadoreans
dependent on the banana indus-
try.

The tariff has cost Ecuador

about US$131 million, trade
negotiator Juan Holguin has
said.

“At the moment, the tariff is
discriminatory and doesn’t
allow our bananas to enter EU

Ck

COMMONWEALTH BANK

Employment Opportuni
Human Resources Clerk

markets. Our participation in
EU markets is going down,” he
said Tuesday.

Holguin told Associated Press
that Ecuador was not opposed
to entering into further consul-
tations with Brussels, but that it
was determined to make its case
at the WTO. He declined to say
what he considers to be a fair
tariff, adding that any number
could only come out of negoti-
ations with all interested par-
ties.

Commitment

EU trade official John Clarke
on Tuesday reiterated Brussels’

“firm commitment to pursue a.

negotiated settlement in 2007.”
Ecuador’s request for a panel
“seems to contradict this overall
spirit,” he told the WTO’s dis-
pute settlement body.

The EU expressed disap-
pointed with Ecuador’s action
two weeks ago and accused the
country of seeking preferential
treatment at the expense of
some of the most vulnerable
countries in the global trading
system.

Latin American producers
and banana companies based in

the United States have long
complained that the EU rules
favor Caribbean and African
producers.

The United States, in 1999,
and Ecuador a year later both
won the right to impose trade
sanctions on European goods
after the WTO found the EU’s
tules to be illegal.

Cameroon, the Dominican
Republic and Jamaica backed
the EU after Ecuador’s request
two weeks ago. Colombia, Cos-
ta Rica, Guatemala, Honduras,
Nicaragua and Panama voiced
support for Ecuador’s position.
The US response was more
ambiguous.

Latin American bananas cur-
rently have around 60 per cent
of the EU banana market, while
African and Caribbean produc-
ers have 20 percent, EU offi-
cials have said. Bananas grown
in the EU — mostly on Spanish
and French islands — account
for another 20 per cent.

The case, originally brought’ -
to the Geneva-based trade ref-
eree in 1996, spawned a series
of disputes in the WTO as
lawyers wrangled over proce-
dural intricacies and legislation
which had previously never
been tested.

*Be able to meet high standards & guidelines
set out by the company & maufacturers.

*Be self motivated & able to work independently.
*Possess good leadership & interpersonal skills.
*Have good computer skills.
_ Competitive Salary w/ Sales Incentive plus
Health Insurance & Vehicle Allowance!

We are considering applications for a Human Resources Clerk to
provide a superior level of service to the Human Resources

Bahamas
International
Film Festival

Department.

Core Responsibilities: eg
Input of employee data into the HR database

Preparation of Reconciliations

Administration of Staff activities

Processing absences and vacations

+

°

»

Administration of employee group medical/vision/life
RIFF's NONTHLY BLN SERIES CONTINUES .....

insurance plans

Warehouse

e

Processing incentive payments, overtime, etc.
Administration of staff uniforms
Assisting with salary processing and related journals



e

o)
prea he : Bahamas International Film Festival (BIFF) FILM SOCIETY

PRIMARY DUTIES: | & Assisting with pension administration is please to show the 2006 BIFF Audience Award for Best Narrative JOHNNY
| ‘ HES GS ¢ 5
*Maintain in good order all inventory in medium * Sie Regiinemianie: SL

sized warehouse w/ frozen & dry goods. ¢ BA/BS in Human Resources, Business, Accounting or a

¢Dispatch & receive fleet of 4 to 5 trucks related field

before & after their daily routes. * Minimum 3 years experience in Human Resource Administration
; ¢ Excellent command of the English Language, both written and oral



@

°



*Receive all incoming inventory. | ar BiteallenicOreanizanional alall JOHNNY SLADE’S GREATEST HITS
eSupervise & verify orders being picked up, * Very good command of Microsoft suite (Excel, Word, Power Point) Directed by Larry Blamire, and starring John Fiore, Vincent Curatola, Robert
loaded & delivered. ; Giardina, Star John Flore was on hand to accept the Chopard Award,
Assi ; Rind dearderie i Personal Attributes:
* ssist w/ trac Ing & OFdering inventory ¢ Excellent work attitude, punctuality and attendance record ee
items via computer. « Highly confidential in nature Saturday, March 24th @ 7:30pm
. ¢ Ability to interact with others in a professional manner Free of charge
SUCCESSFUL APPLICANT MUST: * Ability to prioritize tasks Location: Hard Rock Cafe, Downtown Bay Street
*Have at least 2. years experience In 3 ¢ Initiative and ability to learn new tasks quickly

warehouse environment.

¢Be able & willing to follow strict inventory
guidelines, as set out by management.

*Be self motivated & able to work independently.
*Possess good leadership & organizational skills.
*Be capable of driving & operating fork lift.
*Have basic computer skills.
Competitive Salary w/ Annual Bonus
plus Health Insurance!

The successful candidate will be offered an excellent compensation
package including outstanding benefits such as:

Synopsis:

Down-and-out lounge singer Johnny Siace is hired by a mystery man to open a
hot new club, the catch being he's given a new--and terrible~song to sing each
night. Noticing that whenever he sings one @ new crime is committed, Johnny
gradually realizes his songwriter-bene’actor is a powerful mob boss in hiding and
his "Greatest Hits” are the only way the man can give orders to his crew,

Rated PG

Medical. vision and dental, life insurances & pension

Interested persons should submit their resumes in WRITING or E-mail
along with copies of their certificates before March 30th, 2007 to:

HUMAN RESOURCES DEPARTMENT
Re: Human Resources Clerk
Head Office, The Plaza, 2nd Floor, Mackey St.
P.O. Box SS-6263
Nassau Bahamas
Telefax: 394-0758
E-mail address: HR@combankltd.com

Suitable persons should send their
resume w/ references & a photo to

FUN FOODS WHOLESALE
Royal Bank Building, Mackey St.
or e-mail to Iburrows@lickety.com

For More information on BIFF please visit our website at www. bintlfilmfest.com

62007 CreativeRalatons net





THE TRIBUNE





Protest

staged
against
managing
editor of
Tribune
FROM page one

bune: “This is a group of
concerned citizens of the
Bahamas who have come to
express their disappointment
in the manner in which John
Marquis has continuously
insulted the leaders of our
country with his writings that
are not complimentary and
that are not truly represen-
tative of the black leader-
ship of the Bahamas.

“We equate John Mar-
quis’ writings, his so-called
aces and jokers, with the
assault that was waged
against America when the
Twin Towers was hit, and
we equate John Marquis’
activities with that of a ter-
rorist,” Mr Smith said.

“In our view,” he said,
“Marquis has espoused
racist views and he has
continuously written nasty
comments about leaders of
the Bahamas, particularly
the black leaders.”

Mr Smith said his group
was putting John Marquis,
Tribune publisher Eileen
Carron and The Tribune
on notice.

“Should they not stop,
we Shall return in greater
numbers and demand the
removal of John Marquis
from our society forthwith
and without delay,” Mr
Smith said.

He also called on the
Bahamian people to with-
draw their economic sup-
port from The Tribune.

Last night, Mr Marquis
said: “The protest was
orderly and in line with
the fine traditions of a
modern democracy. I have
no problem with people
expressing their views — I
do it myself all the time.

“However, I do chal-
lenge any suggestion that I
take a racial position on
anything. I don’t have a>
racial thought in my head
and any comment I make
on the country’s leader-
ship is not related in any
way to the colour of any-
one’s skin.

“What the PLP has to
bear in mind is that if it
had been a stellar govern-
ment serving the people’s
best interests, I would
have been the first to say
so. Unfortunately, it isn’t.

“My mission is to tell
the truth. The fact that so
many Bahamians end up
in my office looking for
justice testifies to the fact
that I have their interests
at heart at all times, and
that they appreciate what I
do.”

All major credit cards
accepted as cash!

Pictilid

in traffic accident

FROM page one

of the accident.

Police were called to the juncture of Carmichael Road and Lake
Boulevard shortly after 2pm yesterday where they found the life-
less body of a young boy in the back seat of a green coloured

Ford Explorer.

According to reports, the boy was a passenger in the Ford
Explorer that was overtaking a white Cable Bahamas van when the

fatal accident occurred.

The driver of the Ford Explorer — the boy’s father — lost control
of his vehicle as he was overtaking the van and the two collided.
As a consequence the Ford Explorer flipped over several times

and slammed into a pole.

The boy sustained fatal injuries upon impact and died at the

scene.

The child’s body had to be removed from the vehicle with the
jaws of life and was taken away by a hearse a short time after the

accident.

The father suffered only minor injuries and was taken to hospi-

tal for treatment.

Police said the boy did not appear to have been seated in a car
seat or to have been wearing a seatbelt when the accident occurred.
This comes just days after new amended road traffic laws were
passed in the House of Assembly to implement the mandatory

use of seatbelts.

Speaking in parliament last week, Transport Minister Glenys
Hanna-Martin warned that drivers who fail to secure their children
properly will face new penalties such as licence suspension and com-

munity service.

The amended Road Traffic Act, which is aimed at ensuring
greater safety on Bahamian roads, also stipulates that children
under the age of eight are no longer allowed to sit in the front seat
of a vehicle and that, according to a child’s weight and height, the
proper child restraints must be used.

Report: shortage of Bahamians with
necessary English and maths skills

FROM page one

by J Barrie Farrington concen-
trates on the poor performances
of Bahamian students in the
BGCSE exams in the subjects of
English and mathematics for the
year 2005.

Under the five-point grading
system used in the US and many
other countries, 68 per cent of
students sitting the English exam
achieved “Ds” and “Fs”.

However, “no subject
describes the crisis in education

more graphically than the test,

results in mathematics,” the
report said. :

Using the five-point system,
59 per cent earned an “F” in the
mathematics exam — the one
exam that is written in the largest
numbers by private and public
school leavers.

“You must understand that
the business community prefers
to hire Bahamians. It is simpler,
generally less costly and it is the
law. But the problem occurs when
job candidates score poorly on
the standard aptitude tests given
during the initial job interviews,”
the report states.

The shortage of qualified
Bahamians with a command of
the English language, the docu-
ment said, “is critical to tourism
because the skills of its employees
dealing with its clients directly
affects the latter’s view of the
Bahamas.”

“The negative feed-back from
visitors to the Bahamas fuels the
passion and commitment of the
industry to support education
reform,” the report said.

As it concerns the average
math grades, the document stated
that the exam results are particu-
larly troublesome because “math-
ematics is so important for the

technologies that are likely to
dominate this century.”

“One cannot take the poor
math scores lightly, especially
when one knows that the aver-
age grade on the book-keeping
exam was also an E, and some
level of mathematics proficiency
is essential to mastering a wide
range of lower tech skills that
are in short supply in the
Bahamas,” the report stated.

The Coalition for Education
Reform’s latest report also found
that a very important dimension
of the education crisis is gender.

“Although male and female
students in grade one are virtual-
ly equal in numbers, the propor-
tion taking the BGCSE tests is
significantly different.

“Of the 22,422 students taking
the exam, 8,570 were male (38
per cent of the total) and 13,852
were female (62 per cent of the
total). This implies a male-drop-
out ratio of 35.4 per cent,” the
report said. tee

Furthermore, the document
stated that the number of females
students earning “As” and “Bs”
was almost twice the number of
males earning “As” and “Bs”.

To combat this problem, the
Coalition for. Education Reform
suggests the establishment of an
all male primary and secondary
laboratory school, which will
operate as an independent
school within the public school
system. :

“The all male primary and sec-
ondary laboratory school is an
alternative for the family with a
son in the public school system
that wants to provide that son
with the opportunity for a supe-
rior education. It is an alterna-
tive for those willing and able to
live by the rules of the school,”
the report said.

}

| eIy . se
ue
15% OFF :

Mackey St' 393-8165 + 393-3723

HOURS

Monday - Friday 8:30am - 4:30pm
Saturday 8:30am - 1:00pm



LOCAL NEWS

Five-year-old boy killed

WEDNESDAY, MARCH 21, 2007, PAGE 9





Le Oy as

DNA ordered

to be taken from








Anna Nicole’s baby daughter:

FROM page one =



as Larry Birkhead, one of the
men claiming to be the father
of baby Dannielynn, emerged
from the court room and
jumped into the air.

Although maintaining that he
could not speak on what had
transpired in the court, Mr Birk-
head said that he was hopeful
to see “his daughter” soon and
take her home.

“T can only say that it was a
good day for me,” he said as
tourists and locals cheered from
behind police barricades.

“IT can’t really get into the
specifics, but tomorrow might
be a better day,” he said.

Mr Birkhead thanked the
crowd for its support and min-
gled among many of them, shak-
ing hands and jumping up and
down before rushing off with his
attorneys and entourage.

However, Howard K Stern,
the former long-time compan-
ion of Anna Nicole — who is
also claiming to be the legiti-
mate father — received a more
somber response.

He walked outside and quick-
ly made his way to a waiting
Escalade that had pulled up
along the eastern side of the
Supreme Court.

Mr Stern refused to respond
to questions about the condi-
tion or location of baby Dan-
nielynn. He extended his thanks,
however, to the Bahamian peo-
ple for their support of him
throughout the matter.



FROM page one

he described as all being relatively young, why
they all had their weapons drawn, he was met
with only verbal abuse.

“And these the people they want you to
help?” Mr Williams shouted.

Obviously agitated, Mr Williams questioned if
the men who broke into his family’s home were
in fact police officers.

The “raid”, he said, happened sometime










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$20,630.00

DIESEL PANEL VAN

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(Photos: Tim Clarke/Tribune staff)

‘Police raid’ claim

between 1.20am and 1.30am on Monday. z
Ms Demeritte said that her family is in the
process of retaining a lawyer. She said she is
willing to go“all the way” to have this matter
dealt with. ns
“If I have to go to my death, I’m going to get
to the bottom of this. So if ya’ll hear that Pamela
Demeritte died, it’s because of this,” she said:

te

&

5











: MITSUBISHI:
MOTORS

-eononaciconncnncenpmencennennanannnte NRO ENESAREE EON NRRNNE I

wake up and drive”

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PAGE 10, WEDNESDAY, MARCH 21, 2007
TUESDAY EVENING MARCH 20, 2007
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THE TRIBUNE

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Bahamian Pu opet and
his sidekick Derek put

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THE TRIBUNE

WEDNESDAY, MARCH 21, 2007, PAGE 11







nassay



Your look at what’s going on in your community



Interior ot
showroom opens
up on Bay Street

INTERNI Interior Design
Showroom and Gallery, the first
of its kind in the Bahamas, offi-
‘cially opened in a private show-
‘ing with more than 100 guests in
attendance.

The creation of interior
designer Gabriella Curry,
Interni, located on Bay Street, is
a showroom, gallery and office
that is the centre of Mrs Curry’s
design work.

Exclusively featuring the Ital-
ian furniture company DePado-
va of Milan, the opening also
highlighted the work of Cana-
dian artist Sylvain Tremblay
and the accessories of artists
from Milan.

“The opening of Interni is
really a return to my passion —
which is interior design,” said
Mrs Curry. “The showroom fea-
tures one line of furniture I rep-
resent but we are a full-service
interior design firm that works
closely with the leading design
centres in United States and
Europe to help each client
achieve their vision for their
space.”

Born in Milan, Mrs Curry
attended school in Italy, Aus-
tria and Canada. She also stud-
ied interior design at the Amer-
ican University in Paris and
attended the Parson’s School of
Design in Paris.

She began her career with








ONE COMPANY



@ GUESTS view the art at the opening of Interni—Interni
Interior Design showroom and gallery features Italian furniture
from the Milan firm DePadova. —

Karl Lagerfeld and later
worked with renowned French
designers Chantal Thomass and
George Rech.

Her career took her to
Munich where she worked for
four years at ELLE Magazine.
Later, she joined the staff of
ELLE Décor Magazine when
it was launched in 1988.

When she returned to Italy
In 1997, Gabriella, along with
her husband Greg Curry saw
the need for a restaurant in Nas-
sau that would offer exception-
al food combined with a unique

ONE GOAL

Colinalmperial Insurance invites interested persons to submit applications for the
position of Systems Developer in the Information Technology department.

ONE CHOICE

and tasteful ambiance appro-
priate for business lunches and
fine dining. They bought the
site of the former Roselawn
restaurant and Café Matisse
was opened to great success,

Matisse

Her distinctive creative influ-

ence is visible throughout Café .

Matisse from the décor, the
menus, the unique lighting and
the warm and _ inviting

ambiance. Under both Curry’s

o val.



@ ARTIST Sylvain Tieehiag (far left) aces his art with Gabriella Curry (second from right),
owner of Interni Interior Design and guests at the opening. Tremblay’s art was featured.



@ LEFT to right, Greg canis owner, Café Mnlisics Michelle Syabunettes Gabriella Se interior
designer and. owner of Interni; artist Sylvain Tremblay; Craig Symonette

direction, Café Matisse is now
one of Nassau’s premier restau-
rants.

Four years ago, she decided
to return to interior design.
Working with clients and busi-
nesses of distinction, Gabriel-
la’s successful interior design
business led to the opening of

Interni Interior Design and
Gallery.

Described as an interior
designer of extraordinary taste,
Gabriella has designed for pri-
vate homes and estates.

“My design philosophy
includes mixing modern furni-
ture with antiques,” adds Mrs

SILK

Curry. “I believe a home should

have a compilation of styles, not’,

just one look, to make it inter-

esting and real. Designing and___

decorating a personal space
takes time so the result is an

environment that is not just ~-

“filled” but created with trea-
sures that make it singular.”

FLOWERS

& FLORAL
ARRANGEMENTS

(Photos:Tim Aylen) ~






Systems Developer













Position Summary

The successful candidate will: develop tools and applications to ensure the
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PAGE 12, WEDNESDAY, MARCH 21, 2007 THE TRIBUNE | ;




*



WPCC













WEDNESDAY, MARCH 21, 2007

SECTION



Sia

HELPING YOU CREATE AND MANAGE WEALTH



business@tribunemedia.net

BUS:

Miami Herald Business, Stocks, Analysis, Wall Street







NASSAU OFFICE
Tel: (242) 356-7764 ©

FREEPORT OFFICE
Tel: (242) 351-3010







Actuaries sue
ex-Colina chief

over alleged imp AC

$100k bill

@ By NEIL HARTNELL
Tribune Business Editor

JAMES Campbell, the for-
mer Colinalmperial Insurance
Company president, is being
sued for just under $100,000 by
a Canadian actuarial company,
which is alleging that he failed
to pay them for valuation work
they performed for him in rela-
tion to his dispute with his two
former Colina Financial Group
(CFG) partners.

Eckler Partners, which acts
as Colinalmperial’s external
actuaries, filed a writ and state-
ment of claim with the Supreme
Court on February 1, 2007,
alleging that Mr Cambpell had
“failed, neglected and/or
refused to pay” his share of the
Canadian firm’s $217,060 fee.

Mr Campbell is likely to be
denying the allegations and con-
testing them vigorously, but his
attorney, Philip ‘Brave’ Davis,
of Davis & Co, did not return
The Tribune’s call of yesterday
seeking comment despite a
detailed phone message being
left for him.

This lawsuit adds another
twist to the acrimonious battle
between Mr Campbell and his
former CFG business partners,
which is now close to entering
its third year.

In its Statement of Claim,
Eckler Partners alleged that an
April 15, 2005, a Valuation Ser-
vices Agreement made between
it on the one hand, and Mr
Campbell and his former CFG
partners, Emanuel Alexiou and
Anthony Ferguson on the oth-



er, saw Mr Campbell agree to |

pay 45 per cent of the Canadian
firm’s $217,060 fee.



@ CAMPBELL

This worked out at $97,677,
and Eckler Partners alleged that
Mr Campbell had “expressly
agreed that he will be responsi-
ble for'45 per cent” of its fees.

The 45 per cent is in propor-
tion to Mr Campbell’s stake in
the then-CFG, which has been
renamed A. F. Holdings since
his ousting. Presumably, Mr
Alexiou and Mr Ferguson
would have picked up the tab
for 45 per cent and 10 per cent
of Eckler’s fees respectively,
given that this would be in pro-
portion to their CFG stakes.

Eckler said the agreement
was executed, and between

_ March 8, 2005, and December
17, 2005, it carried out its valu-
ation work, an exercise that is
likely to have involved valuing
Colina Holdings (Bahamas), the
BISX-listed entity that is the
holding vehicle for Colinalm-
perial Insurance, and in which
CFG held a 67 per cent stake.

SEE page 5B

Chamber chief concerned
over Freeport licensees
eroup recognition

@ By NEIL HARTNELL
Tribune Business Editor

THE Grand Bahama Cham-
ber of Commerce’s president
yesterday expressed concern
that government recognition of
the Freeport Licensees and

Property Owners Association’s ©

incorporation was being unduly
delayed, impacting the ability
of Grand Bahama Port Author-
ity (GBPA) licensees to play a
meaningful role in determining
Freeport’s way forward amid
the current shareholder dispute.

Christopher Lowe said all rel-
evant documents regarding the
Association, including its Mem-
orandum of Association and
Articles of Association, had
been submitted to the Registrar
General’s Department last
November, in a bid to obtain
the licence authorising its incor-
poration as a non-profit com-
pany.

In addition, all fees had been
paid and receipted by the Pub-
lic Treasury, and Mr Lowe said
the Association “should have
been registered by now”.

“It has come to our attention
that the Freeport Licensees and
Property Owners Association
is apparently being denied
recognition by the office of the
Attorney General...... ,” he
added. “This is of grave con-
cern to us.”

Sources familiar with the sit-
uation said the Association’s
incorporation had not been
recognised because the Attor-
ney General’s Office had
received a legal opinion
expressing concerns over
whether it was a non-profit
company.

For-profit company incorpo-
rations are handled by the Reg-
istrar General's Office, but non-
profits have to be approved by

the Attorney General’s Office
and comply with set criteria.

Mr Lowe hinted that the
Association, which some 200
GBPA licensees had expressed
an interest in joining, in a bid to
safeguard their rights under the
Hawksbill Creek Agreement as
the dispute between the Hay-
ward and St George families
continues to simmer, might
have to take legal action against
the Attorney General’s Office
and the Government if the
incorporation was not duly
approved.

He added: “Given that by
reason of the Royal Commis-
sion of Inquiry of 1971, great
stress was placed upon the
recognition of the licensees as a
full and participatory entity, and
that a forum be created for the
true and proper representation
of [GBPA] licensees going for-
ward by that date, we remain
deeply perturbed [by the
absence of government
approval].

Mr Lowe said this was espe-
cially so “given that the recent
turmoil between the ostensible
owners of the Grand Bahama
Port Authority, and the various
companies holding the assets of
same, are casting a pall of
uncertainty and lack of confi-
dence amongst current and
potential investors and
licensees, who are anxious to
be a part of the solution going
forward, a right defined clearly
by the terms of the Hawksbill
Creek Agreement (1955) and
its amendments.

“The amendments that were
themselves ratified by the sig-
natures of the licensees, in 1960
and 1965, show that the terms of
the Hawksbill Creek Agree-

SEE page 9B

S1.6m court order

ts Bahamas

Film Studios sale

Founding partner in ‘dire financial position’ due to paying project’s expenses from own pocket without being reimbursed
* Confusion over development’s ownership structure and legal wrangling impact sale and Bahamas’ position as film industry location
* Questions over government approvals being obtained

@ By NEIL HARTNELL
Tribune Business Editor

ne of the three
founding part-
ners for the
Bahamas Film
Studios has
obtained a Supreme Court
order preventing the company’s
current owners from taking up
to $1.6 million in proceeds from
the project’s potential sale out
of the Bahamas, alleging that
he is “in a dire financial posi-

expenses from his own pocket
and not being reimbursed for
this.

Paul Quigley filed a lawsuit
with the Bahamas Supreme
Court last week, as previoulsy
revealed by The Tribune, claim-
ing damages for breach of his
employment contract with the
Bahamas Film Studios, which
was drawn up on April 13, 2001.

According to court docu-
ments obtained by The Tribune,
Mr Quigley and his attorney,
Luther McDonald of Alexiou,
Knowles & Co, obtained a

Court Order from Justice John
Lyons on March 16, 2007, that
“restrains” the Bahamas Film
Studios and Ross Fuller, chair-
man of its holding company,
Ashby Corporation, “from
transferring from the jurisdic-
tion, dealing with or disposing
of” proceeds from the projec-
t’s sale “up to the amount of
$1.6 million in excess of its exist-
ing liabilities”.

The Order is good until April
4, 2007.

Mr Quigley’s lawsuit is the
latest development in what is

becoming an increasingly tan-
gled legal web surrounding the
Bahamas Film Studios and
efforts by Mr Fuller to sell it, a
$14 million purchase of the pro-
ject by Bahamas FilmInvest
International, a group put
together by Bahamian banker,
Owen Bethel, having fallen
through last week.
In his affidavit supporting his
application for a Court Order,
Migley indicated that the




SEE page 7B

tion” after covering the firm’s

AES: Broward licence end ‘no major

impact’ for LNG development

Company says that signs Bahamian approval process and regulations drafting may come to end soon

@ By NEIL HARTNELL
Tribune Business Editor

AES Corporation has told The Tribune
that Broward County’s decision to termi-
nate their 30-year agreement for the

pipeline portion of the Bahamas-based lig- _

uefied natural gas (LNG) project would
have “no impact” on whether the multi-
million dollar development is approved and
moves forward.

Aaron Samson, project director for AES
Ocean Express, said that because the LNG
project had “eminent domain rights” to the
land in Broward County that was the sub-
ject of the licence agreement, the whole
deal would be “put back together” once

the Bahamian government granted
approval.

Mr Samson said AES Corporation, which
has endured a more-than five-year wait to
see whether the Government will approve
its project, was hopeful the process would
soon reach a favourable conclusion, adding
that the company had heard consultants
working on the LNG regulations might be
finished soon.

“I know ICF is working,” Mr Samson
said, referring to the Government’s Wash-
ington-based consultants. “People think
[the regulations are] in the last week of
being completed and put in the framework.

“T think we’re down to a couple of weeks
of the regulations being dealt with, and

eTeroy

f Ber 42 months

BEST and the minister dealing with Cabi-
net. In the scheme of five years, we don’t
lose sleep over a couple more weeks or a
month.”

Mr Samson previously. told The Tribune

‘that since 2001 AES had spent $65 million

on the proj&t, whose terminal will be sited
on Ocean Cay, a man-made island off Bimi-
ni, if approved.

This sum involved the initial acquisition
of the island and its mining operations, a
$4.5 million environmental clean up, keep-
ing permits and approvals current, insur-
ance, reserving real estate and ensuring

SEE page 6B

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PAGE 2B, WEDNESDAY, MARCH 21, 2007

THE TRIBUNE >





Security drives gated
communities growth

ontrary to popu-
lar belief, crime
is subject to who
is counting and
who it affects.
Thus when the police say crime



I hae ee

is ‘under control’, we must
remember the old saying: “A
fisherman never calls his fish
stink.” As a result, we should
not expect anything but high
praise and votes of confidence

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when it comes to the report-
ing of crime.

However, you and I know
the numbers do not lie, and
some of us live around the cor-
ner or across the street from
the person who was robbed or
killed over the weekend. Thus
it is with great interest that I
observe the continuing debate
about urban renewal and com-
munity policing, and how it is
deemed to be a success. As
mentioned, the numbers do
not lie, so when we are told of
the accomplishments of this
initiative but see a different
reality, not only in the media,
who daily report on crime and
mayhem, but from the police

themselves, we begin to think, .

differently. But my serious
doubts about the practicality
and sustainability of this urban
renewal programme will be
discussed at a later time.
Really, I want to talk about
the increase in gated commu-
nities, be they condominiums
or private residential housing.
This, might I mention, is the
result of what is happening -
or not happening - in the com-
munities of the Bahamas. We
are now living in an electronic
age where what happens in the
back yard in Acklins can
instantly be seen anywhere in
the world in a matter of sec-
onds. The ongoing sagas relat-
ing to Anna Nicole Smith and
Natalie Holloway are cases in
point. Also, let us not forget
hat the events surrounding the
missing boys in Grand Bahama
were broadcast all over the
globe. Just go to Google and
see how many hits these sto-
ries get. However, despitethe
various social ills we face as
Bahamians, the foreign
‘investors and celebrities are
still prepared to live here

Safe &

Secure

by Gamal Newry

under the right conditions.

From Bimini Bay to Bak-
er’s Bay and Mayaguana, we
are seeing major investments
take shape as gated communi-
ties. This is, in my opinion,
where the developer decides
he wants the sand and sea of
the Bahamas without the peo-
ple of the Bahamas. This state-
ment may not be politically
correct, but it is the truth. Why
come to paradise and be
exposed to crime, power fail-
ures and unreliable phone sys-
tems?

But the main reason why
someone would want to live
behind the gates of Old Fort
Bay or the Ocean Club is secu-
rity, security and security.
Really, there is no other reason
than to have a peace of mind
that cannot be achieved among
the masses. With this in mind,
the developer of such a com-
munity must provide a tight
network of preventative mea-
sures, even it means in some

instance distorting the obvious '

to appease the resident. The
residents themselves some-
times must wonder if they are
not prisoners. Imagine the
need to announce your arrival,
departure and expected guests;
sounds like prison to me. But
this is the price one must pay



to feel safe and secure.

The fundamental compo-
nent for success here is access
control, which cannot be limit-
ed to entry and exit, but also
how the resident or guest
moves in and around the con-
trolled gated area. ‘Keep them
out no matter what the cost’ is
the underlying theme behind
access control. This is where
the problem lies, as the restric-
tions on movement often
become an annoyance to the
authorised occupants. This is
magnified by the fact that most
homeowners are wealthy, and
considered by themselves and
society at large to be very
important. This aura is trans-
ferred to their employees, be
they house staff or the con-
tractor building their home.

In comparison, the security
guard is not perceived to be as
influential in the community
at large, and is usually not as
wealthy. As a result, in their
efforts to create a secure envi-
ronment, the work of the secu-
rity officers is hampered by the
desires of the resident.
Although ‘twenty-four hour
security’ is the key selling
point, the new home owner is
not really prepared to be
secured 24 hours a day, seven
days a week, where it becomes

a hindrance for the lifestyle
they live.

Can residents and their hired
protection personnel reach an
agreement about how much
security is enough? This is dif-
ficult, as the failure to provide
even the perception of security
is sometimes just as problem-
atic as providing it. Neverthe-
less, enter the professional who
knows his task. Based on solid
loss prevention principles, a
plan can be implemented that
can successfully protect resi-
dents and the guards alike.
This must be an all-encom-
passing plan that includes
everything from disaster pre-

paredness, to fire and rescue -

and emergency medical ser-
vices. Yes, the security depart-
ment of the gated community
must act as a fully-fledged
police force and provide all the
essential services required to
keep the community safe and
secure. In essence, the individ-
uals who are hired to man the
protection operation must be
respected as professionals.

In the next few articles, we
will consider various approach-
es to protecting the gated com-
munity.

NB: Gamal Newry is the

president of Preventative Mea- |

sures, a loss prevention and
asset protection training and
consulting company, specialis-
ing in policy and procedure
development, business securi-
ty reviews and audits, and
emergency and crisis manage-
ment. Comments can be sent
to PO Box N-3154 Nassau,
Bahamas or, e-myil
gnewry @preventativemea-
sures.net or visit us at
www.preventativemeasures.net

“9”

Tel: 827-8026 ¢ Cell: 359-3160

Take a FREE* guided walk around
the Clifton site, once the Wyllie
Plantation now a world heritage
site. The area includes the pirates’
steps, Sacred Place, many ruins from
the plantation, a wildlife pond,
seashore, broad-leaf coppice and
wetlands.

This Saturday,
March 24 at
8:30am

The walk starts at West Bay or Jaws Beach just
south of Lyford Cay on the Western Road. To get
there from the north, go south over the hill and follow
the Lyford Cay boundary fence to the first short road
on the right. From the east, pass Clifton pier and
continue west to the short road on the left before
the Lyford Cay boundary fence.

Are you looking for an exciting
career opportunity with a
leading international bank?

Deputy Head of Trust & Fiduciary
SG Hambros is currently looking to recruit a Deputy Head of Trust & Fiduciary.
Your primary role will be to:
Assist with managing the daily business operations of the Fiduciary Services
area in an efficient, effective and profitable manner;
Play an active role in defining and implementing the Group fiduciary strategy;
Be responsible for the growth of the fiduciary activities In compliance with
legal, regulatory and industry standards;

m® Ensure Bank's relationships with clients are nurtured and optimized,

The candidate should ideally hold a Bachelor's of Law, Masters Degree in Business
Administration, Society of Trust & Estate Practitioners (STEP) designation or equivalent,
and have at least 7 to 10 years’ international trust/private banking experience,

For more information call the BNT at 393-1317
or e-mail: bnt@bahamasnationaltrust.org
*Free for members but membership registration

accepted at the walk.

The role will entail supervisory and training function and ensuring that policies and
procedures are being followed with the department. The candidate must have excellent
client relationship and an in-depth knowledge of investment, trust and banking products.
Superior knowledge of trusts, trust law, companies and company law; Develop a detailed
knowledge and understanding of client estate planning and financial needs and provide
advice to existing clients and prospective clients on the Bank's products and services,
liaising with product specialists as appropriate in providing more detailed product
recommendations, In particular, work closely and co-operatively with Private Bankers

to introduce specialized investment products and services in accordance with the

clients needs;

Fluency in French or Spanish would be an asset. The incumbent may be required to travel
to designated marketing regions.

The position offers an attractive salary and benefits package.
Applications should be submitted to the following address, to arrive on or before 23 March 2007.

Manager, Human Resources

SG Hambros Bank & Trust (Bahamas) Limited
PO Box N7789

Nassau

Bahamas

, Children
* must be accom-
ppanied: by an adult. _
Remember. to wear
comfortable, closed- .
ain ire long pants
, and..pring a.cool -.-
* “@rink.and —.

SG Hambros

Private Banking the Banks & Trust Compania

t @ahamas) Limited is licensed unde

fequiation Act

~ ., binoculars
A ‘ tere oth “eke

aS ia SOCIETE GENERALE GROUP www.sghambros.com
Oe

owe





BUSINESS

snaumuasonnnnin east aoanenaaAN ASAE

Che Miami # Hecald |

THE MARKETS

STOCKS, MUTUAL FUNDS, 7B

DOW 30 12,288.10 +61.93 AL
S&P 500 1,410.94 +888 A.
NASDAQ 2,408.21 +13.80 Ay
10-YR NOTE 455 -02 6
CRUDE OIL 56.60 +14 4d

Stocks
rise as
investors
bullish

BY MADLEN READ
Associated Press

NEW YORK — Wall Street
advanced for a second straight
session Tuesday as investors
placed bets that the Federal
Reserve won’t indicate that it’s
leaning toward an interest rate
hike.

Market watchers are antici- ©

. pating that the Fed on Wednes-

_ day will leave rates on hold and
say that economic growth is ~
cooling while inflation remains
a concern. The central bank has
maintained this general stance
for several months now, sug-
gesting that rates are staying
put.

Investors would ideally pre-
fer a shift in posture toward cut-
ting rates; such a move could
boost consumer spending and
make mortgages cheaper. But
they appeared to be content to
hear the status quo for now, and

__are tentatively optimistic that a
rate hike isn’t in the offing given -
that recent economic data has
shown slowing growth and that
inflation, though high, hasn’t
been running rampant.

“What is likely is no change
at all. We might get-a little com-
mentary on the housing market
nationwide ... but we don’t think
there’s much action in the
cards,” said Jim Russell, direc-
tor of core equity strategy for
Fifth-Third Asset Management
in Cincinnati.

Worries over the flagging
housing market, particularly the
subprime mortgage industry,
have been dragging down
stocks over the past month. But
investors got some reassurance
Tuesday from a Commerce
Department report that con-
struction of new homes rose by
9 percent in February.

Stocks were also boosted by
a fresh slate of takeover activity,
notably a $5.93 billion offer to
take Affiliated: Computer Ser-
vices private. —

The Dow Jones industrial
average rose 61.93, or 0.5] per-
cent, to 12,288.10, for a two-day
advance of 177.69. _

Broader stock indicators
gained as well. The Standard &
Poor’s 500 index advanced 8.88, .
or 0.63 percent, to 1,410.94, and
the Nasdaq composite index

- added 13.80, or 0.58 percent, to

"2,408.21.

_ Bonds also rose, as the Trea-
sury markets shrugged off the
housing data and an announce-
ment from China that the coun-
try doesn’t intend to build up its
reserves. The yield on the
benchmark 10-year Treasury
note fell to 4.55 percent from
4.57 percent late Monday.

Advancing issues outnum-
bered decliners by more than 2
to 1 on the New York Stock
Exchange, where consolidated
volume came to 2.75 billion
shares, up from 2.67 billion
Monday.

Overseas, Japan’s Nikkei
stock average rose 0.90 percent.
Britain’s FTSE 100 gained 0.50
percent, Germany’s DAX index
advanced 0.43 percent, and

_’ France’s CAC-40 rose 0.81 per-

‘cent.

Gold prices rose. The dollar
was little changed against the
euro, but slipped versus the yen.

Crude futures rose 14 cents
to $56.73 a barrel on the New
York Mercantile Exchange.
Gasoline futures briefly leaped
to a six-month high due to refin-
ery problems, but then
retreated ahead of U.S. inven-
tory data Wednesday.

The Russell 2000 index was
up 6.55, or 0.83 percent, at
793.60.

Seaman semana ance ey





oo
|
|
|
|

PETROLEUM

WEDNESDAY, MARCH 21, 2007

3B



INTERNATIONAL EDITION

Report: BP ignored safety warnings

@ The U.S. Chemical Safety and
Hazard Investigation Board
points a finger at London-based
BP for causing the explosion in
2005 that killed 15 people, noting
that top management repeatedly
disregarded safety warnings.

BY JOHN PORRETTO
Associated Press

HOUSTON — The U.S. agency
responsible for worker safety failed
to inspect plants with enough care
and frequency to prevent an accident
like the 2005 explosion at BP’s Texas
City refinery that killed 15 people and
injured 170, a government report said
Tuesday.

The final report on the nation’s
worst industrial accident since 1990
also blamed BP for cost cutting that
left the plant vulnerable to catastro-
phe.



being built in oo Denver.

@ Even with the better-than-
expected rebound, housing
activity remained 28.5 percent
below the level of a year ago
and many analysts are worried
about the decline in building
permits.

BY MARTIN CRUTSINGER
Associated Press

WASHINGTON — New home
construction rebounded in Febru-
ary following a steep January slide.
But analysts pointed to a further
decline in building permits as a
worrisome signal of future prob-
lems for the troubled housing
industry.

Construction of new homes and
apartments rose 9 percent in Febru-
ary to a seasonally adjusted annual
rate of 1.525 million units, the Com-
' merce Department reported Tues-
day. Construction had fallen by 14.3
percent in January to the slowest
pace in more than nine years.

Even with the better-than-ex-
| pected rebound, activity remained
28.5 percent below the level of a
year ago, underscoring housing’s
|” steep downturn.

_ Builders’ applications for new
permits, considered a more reliable
| gauge of future activity, continued

falling in February, dropping by 2.5
| percent to an annual rate of 1.532
| million units. That marked the 12th

decline in the past 13 months in
building permits.
|
|
|
|
i
|



The continued drop in permits
was seen as a troubling sign that
the fallout from the housing correc-
tion, which has already slowed eco-
nomic growth considerably, is not
over.

Patrick Newport, an economist
with Global Insight, forecast that
housing construction would
decline by 19 percent this year,
shaving overall economic growth

In a 335-page report, the U.S.
Chemical Safety and Hazard Investi-
gation Board said although the Texas
City plant had had several fatal acci-
dents over the past 30 years, the fed-
eral Occupational Safety and Health
Administration had done only one
process safety management inspec-
tion at the refinery — in 1998.

The report said the agency made
other, unplanned inspections after
accidents, complaints or referrals —
it didn’t say how many — but that
those visits were typically narrower
and shorter than planned inspections.

Nationally, the CSB found OSHA
had done few inspections between
1995 and 2005 that are supposed to
ensure compliance with OSHA’s pro-
cess safety management standard —
the type of inspections designed to
prevent disasters such as explosions.

Don Holmstrom, the CSB’s lead

U.S. ECONOMY

investigator of the Texas City blast,
said the investigation showed OSHA
did only nine such inspections in tar-
geted industries over the 10-year
period — and none in the refining
sector.

Holmstrom said the two agencies
worked well together in the immedi-
ate days after the accident. But after
the CSB learned of other major acci-
dents and fatalities at the Texas City
site and began to request material on
specific incidents, OSHA didn’t
always comply, he said.

Still, Holmstrom said, “available
evidence indicates that OSHA has an
insufficient number of qualified
inspectors to enforce the [process
safety management] standard at oil
and chemical facilities.”

An OSHA spokesman did not
immediately respond to a message
seeking comment.

—





HAMMERING AWAY: Construction of new homes and apartments rose 9 percent in February after a
big decline in the previous month. Above, workers toil on the roof of anew condominium complex

Housing construction jumps;
permits decline



by nearly 1 percentage point for the
entire year.

Last year, housing construction
fell by 12.9 percent, reflecting a
sharp slowdown in sales of both
new and existing homes as mort-
gage rates rose and demand slack-
ened after five boom years.

Weakness in the subprime lend-
ing market, which provides loans to
borrowers with poor credit, con-
tributed to the Feb. 27 stock market
plunge. The Dow Jones industrial
average fell by 416 points, the big-
gest point drop in more than five
years.

David Seiders, chief economist
for the National Association of
Home Builders, said the organiza-
tion’s survey of builder sentiment
tumbled in early March with many
builders expressing concerns that
tighter loan requirements,
prompted by rising mortgage delin-
quencies, would hurt sales.

“About 30 percent of the build-
ers responding to the survey said





DAVID ZALUBOWSKI/AP

MARK LENNIHAN/AP

OWES A LOT: The National Debt Clock in New York shows that the
United States has a debt approaching $9 trillion.

their sales have been adversely
affected since the beginning of the
year by the tightening of loan stan-
dards,” Seiders said.

Normally, the Federal Reserve
could be expected to alleviate a
credit crunch by cutting interest
rates.
However, the central bank is
expected to keep rates unchanged |
at the end of a two-day meeting on |
Wednesday out of concern that the
slower economy has not suffi-
ciently dampened inflation pres-
sures. Two closely watched gauges
of inflation at the wholesale and
retail levels showed big gains in
February.

By region of the country, the
West led the gains in construction,
posting a 26.4 percent jump, which
was the best showing since January
1997. Construction activity was also
up in the South, increasing by 18
percent, the biggest percentage
gain in that region in nearly two
years.





In a statement Tuesday, BP said it
has accepted responsibility for the
accident, worked diligently to pro-
vide fair compensation to those
injured and to families of those who
died, and cooperated fully with the
’ CSB.

“Notwithstanding the company’s
strong disagreement with some of the
content of the CSB report, particu-
larly many of the findings and con-
clusions, BP will give full and careful
consideration to CSB’s recommenda-
tions, in conjunction with the many
activities already under way to
improve process safety manage-
ment,” the statement said.

CSB clearly pointed a finger at
London-based BP for causing the
explosion, noting in particular that
“cost-cutting in the 1990s by Amoco
and then BP left the Texas City refin-
ery vulnerable to a catastrophe.”

INTERNET

Proposal
would give
domain
owners
privacy

f& Under a new proposal domain
name registrants would be able
to list third-party contact
information in place of their own
to provide them with privacy - or,
as some fear, help hide their
identities.

BY ANICK JESDANUN
Associated Press

NEW YORK — Many owners of
Internet addresses face this quan-
dary: Provide your real contact infor-
mation when you register a domain
name and subject yourself to junk or
harassment. Or enter fake data and
risk losing it outright.

Heip may be on the way asa key
task force last week endorsed a pro-
posal that would give more privacy
options to small businesses, individu-
als with personal websites and other
domain name owners.

_ “At the end of the day, they are not

going to have personal contact infor-
mation on public display,” said Ross
Rader, a task force member and
director of retail services for registra-
tion company Tucows. “That’s the
big change for domain name own-
ers.”

At issue is a publicly available
database known as Whois. With it,
anyone can find out the full names,
organizations, postal and e-mail
addresses and phone numbers behind
domain names.

Hearings on the changes are
expected next week in Lisbon, Portu-
gal, before the Internet Corporation
for Assigned Names and Numbers, or
ICANN, the main oversight agency
for Internet addresses.

Resolution, however, could take
several more months or even years,
with crucial details on implementa-
tion still unsettled and a vocal minor-
ity backing an alternative.

Under the endorsed proposal —
some six years in the making —
domain name registrants would be
able to list third-party contact infor-
mation in place of their own — to the
chagrin of businesses and intellectu-
al-property lawyers worried that
cybersquatters and scam artists could
more easily hide their identities.

“It would just make it that much
more difficult and costly to find out
who’s behind a name,” said Miriam
Karlin, manager of legal affairs for
International Data Group, publisher
of PC World and other magazines.
She said she looks up Whois data
daily to pursue trademark and copy-
right violators.

Whois database is used for much
more. Law-enforcement officials and
Internet service providers use it to
fight fraud and hacking. Lawyers
depend on it to chase trademark and
copyright violators. And spammers
mine it to send junk mailings.

Over the past few years, some
companies have been offering proxy
services, for a fee, letting domain
name owners list the proxy rather
than themselves as the contact.

It’s akin to an unlisted phone num-
ber, though with questionable legal
status.





4B | wepNespay, MARCH 21, 2007 __INTERNATIONAL EDITION _









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WORLD TRADE ORGANIZATION

Investigation launched
into EU banana tariffs

BY BRADLEY S. KLAPPER
Associated Press

GENEVA — The World
Trade Organization autho-
rized an investigation into the
European Union’s banana tar-
iffs on Tuesday, reopening a
decade-old dispute pitting
Latin American countries and
the United States against the
EU, officials said.

Ecuador asked. the global
trade body to establish a com-
pliance panel, claiming that
Brussels has failed to comply

with WTO rulings. The EU’

blocked Ecuador’s initial
request two weeks ago, but
could not delay the investiga-
tion a second time under
WTO rules.

The WTO has consistently

CONRAD BLACK

Media
baron
ripped as
corporate
swindler

BY MIKE ROBINSON
Associated Press

CHICAGO — Former
media baron Conrad Black’s
racketeering trial got under
way Tuesday with a federal
prosecutor calling him a cor-
porate swindler who stole mil-
lions of dollars, while his
defense attorney said the

money was made legally and .

ripped into the government’s

_star witness as a liar.

“It was theft, it was fraud, it

was crime,” federal prosecutor

jeffrey H. Cramer said in a
fiery opening statement.
Defense attorney Edward M.
Genson fired back that Black
and his three co-defendants
were innocent.

“They were entitled to the
money,” Genson said. “Were
they entitled to that much
money? That’s a philosophical
matter.”

But he appealed to the jury
not to hold Black’s enormous
personal profits in a series of
deals at the head of the Hollin-
ger International newspaper
empire against him.

“This was not Enron,” Gen-
son said.

Black, 62, and his three co-
defendants are accused of
siphoning $60 million out of
Hollinger through asset sales
in which all but attorney Mark
Kipnis pocketed millions of
dollars in payments from buy-
ers.

Black by himself is alleged
to be responsible for $84 mil-
lion that the company lost
through the payments.

“We all know what’ street
crime looks like,” Cramer said.
“A man knocks you down and
takes your money. This is
what a crime looks like in cor-
porate law.”

But Genson painted the
government’s star witness, F.
David Radler, the No. 2 man in
Black’s organization for dec-
ades, as the villain in the story.

“David Radler will come
into this court and lie to you
about Conrad Black,” Genson
said. He said that Radler
would claim that every deal
Hollinger made “magically
became a Black-orchestrated
deal after Radler cut his deal.”

Radler pleaded guilty to
one, count of mail fraud and
agreed to testify for the gov-
ernment in return for a rela-
tively lenient 29-month sen-
tence and a $250,000 fine.
Prosecutors say that Black, if
convicted, could in theory at
least be sentenced to 101 years
in federal prison.

Actually, U.S. District Judge
Amy J. St. Eve, who is presid-
ing over the trial, would
decide on the sentence, and
Black would probably receive
a much lesser amount of time
if convicted.

Black and former execu-
tives Jack Boultbee and Peter
Atkinson did receive pay-
ments in return for agreeing
not to compete with compa-
nies that bought hundreds of
U.S. and Canadian community
newspapers from Hollinger.

ruled against how the EU sets
tariffs for bananas, forcing the
27-nation bloc to overhaul a
system that grants preferential
conditions for producers from
African and Caribbean coun-
tries, mainly former British
and French colonies.

Brussels, however, says a
new banana tariff established
last year — 176 euros ($234)
per ton — has brought its rules
for banana imports in line with
WTO rulings.

But Ecuador, the world’s
largest banana producer, says
the new tariff has actually
taken away some of its market
share in Europe, hurting more
than 1 million Ecuadorians
dependent on the banana
industry.

_ MiamiHerald.com | THE MIAMI HERALD

The tariff has cost Ecuador
about $131 million (98 million
euros), trade negotiator Juan
Holguin has said.

“At the moment, the tariff is
discriminatory and doesn’t
allow our bananas to enter EU
markets. Our participation in
EU markets is going down,” he
said Tuesday.

Holguin told The Associ-
ated Press that Ecuador was
not opposed to entering into
further consultations with
Brussels, but that it was deter-
mined to make its case at the
WTO. He declined to say what
he considers to be a fair tariff,
adding that any number could
only come out of negotiations
with all interested parties.

BUSINESS BRIEFS

e TECHNOLOGY





PAUL SAKUMA/AP FILE
EARNINGS CLIMB: Oracle, the Redwood City, Calif.-based
business software maker, said that it earned

$1.03 billion, or 20 cents per share, for the three
months ended in February.

Oracle’s 3Q earnings
climb by 35 percent

From Herald Wire Services

SAN FRANCISCO — Oracle’s (ORCL) fiscal third-quar-
ter profit climbed 35 percent, lifted by strong software sales
that exceeded management’s projections.

The business software maker said Tuesday that it earned
$1.03 billion, or 20 cents per share, for the three months ended
in February. That compared with net income of $765 million,
or 14 cents per share, at the same time last year.

' Inameasure particularly important to investors, Oracle’s
sales of new software licenses also rose by 27 percent to $1.39
billion. That was better than the 16 to 22 percent increase that
management forecast three months ago.

Oracle shares gained 37 cents to close at $17.55 on the
Nasdaq Stock Market, then added another 81 cents, or 4.6 per-

cent, in extended trading.

e BANKS

BARCLAYS NEARS
ABN PURCHASE

Barclays (BCS) moved a
step closer to acquiring
ABN Amro (ABN), the big-
gest Dutch bank, after the
two companies agreed on
some terms of a merger,
including a head office in
Amsterdam.

The two companies
would name a chief execu-
tive officer from Barclays
and a chairman from ABN
Amro, Barclays said Tues-
day. The combined com-
pany would incorporate in
the U.K.

e AUTOMOTIVE

LEAR BOARD WANTS
ICAHN-LED BUYOUT

Lear’s (LEA) board is
recommending that com-
pany shareholders vote in
favor of a buyout offer by a
group affiliated with billion-
aire investor Carl Icahn for
about $2.8 billion, but some
stockholder opposition to
the deal remains.

The automotive supplier
said in a preliminary proxy
statement filed Tuesday
with the Securities and
Exchange Commission that
the board determined the
offer is fair and in the best
interests of the company
and its shareholders. The
board considered the rec-
ommendation of a special
committee of independent
directors.

e INTEREST RATES

FED EXPECTED
_TO BE REASSURING

Federal Reserve Chair-
man Ben Bernanke and his
colleagues are expected to
strike a reassuring tone
about the country’s eco-
nomic health Wednesday
despite persistent worries
that problems with risky
mortgages could spread.

Fed policymakers opened
a two-day meeting Tuesday
amid mounting concern on
Wall Street, Capitol Hill and
elsewhere about troubles in
the “subprime” mortgage
market.

e MOVIE RENTALS

BLOCKBUSTER CEO
TO LEAVE COMPANY

The chairman and chief
executive of struggling mov-
ie-rental company Block-
buster (BBI) got the com-
pany’s board to give him a
slightly bigger bonus for
2006, but not without agree-
ing to give up his job.

John Antioco, who has
been the CEO for nearly a
decade, will leave the com-
pany by the end of the year,
Blockbuster announced.
Shares closed down 25
cents, or 3.5 percent, to $6.86
in trading on the New York
Stock Exchange, then lost
another 6 cents in after-
hours trading. Under the
agreement, Antioco will get
a bonus of $3.1 million for
last year’s work.

LATE TRADING





4 6:35 Late 4p.m. 6:35 p.m. Late

Stock Tk. ‘dose clase Chg. volume Stock Tk. ‘dose close Chg. volume
Nasdi00Tr QQQQ 43.58 43.56 -.02 100515 | JPMorgch JPM 47.75 47.75 * 19721
Oracle ORCL = 17.55 18.06 * 51 97199 Cisco CSCO 26.34 26.37 = +,03 19479
Altria MO 85.83 85.83 81427 | Timewam TWX 20.25 20.25 * 19414
Hewett ne ae er +01 a Hallibtns HAL 30.50 «30.45 -.05 16624

p . . Microsoft MSFT 27.84 27.87 +03 16217
Se ate AE ae ee 42536 | paimrC DCX. 75.67 75.67 15527
Te oe ey aes ee8 | Intel INTC 1899 19.00 +01 15036
ishRaK nya (WM 7884 7884 * 39333 | HostHotls HST 26.71 ©2671 * 13430
SPOR Spy 140.97 140.88 -.09 31666 | ApldMatl AMAT 1850 1850 * 13048
Viragenh VRA 0.02 0.02 . 28545 AdobeSy ADBE 40.74 42.20 +146 = 12988
GenElec GE 34.77 34.77 21629 Dellinclf DELL 22.53 22.53 - 12281
FifthThird FITB 39.61 +3961 19873 | Altriawi © MO/WI 64.35 64.35, 11005



For up-to-date stock quotes, go to www.MiamiHerald.com and click on Business





THE TRIBUNE

WEDNESDAY, MARCH 21, 2007, PAGE 5B





Fund template the
SMART model for
competitiveness

Sixth template may be added; more than 110 licensed to date

@ By CARA BRENNEN-BETHEL
Tribune Business Reporter

he Bahamas needs to create a bet-

ter profile for itself in fund admin-

istration by examining emerging

forms of wealth management, it was said

yesterday, as relying on traditional models
would make it uncompetitive.

David Thain, general manager of Arner
Bank and Trust (Bahamas), told delegates
attending a wealth management seminar
that the Bahamas will not be able to com-
pete with the likes of the Cayman Island or
British Virgin Islands simply by relying
on traditional forms of fund administra-
tion.

He was making the case for Specific
Mandate Alternative. Regulatory Test
funds or SMART funds, which he is con-
vinced have a market in the Bahamas.

“T am convinced that there is a market,
if not for your own institution then for
your jurisdiction,” Mr Thain said.

He explained that SMART funds can be
a valuable tool in the Bahamas, as they are
highly flexible and efficient, providing an
alternative private wealth management
vehicles to more traditional products, such
as trusts and International Business Com-
panies (IBCs)

Smart

More than 114 SMART have been
licensed in the Bahamas to date since the
Investment Funds Act was passed in 2003,
providing the real growth area for invest-
ment funds domiciled in the Bahamas. At
present, there are five different SMART
fund models or templates, and a sixth may
soon be released.

One of the benefits of such a fund, Mr
Thain said, is that industry participants
can establish new SMART templates tai-
lored to the needs of a particular client
or client group.

He said this was an area that can prove

very valuable to the Bahamian financial
services lindustry, as SMART funds are
licensed entities, giving added credibility
because they have a recongisied regulator.

Mr Thain added that while the Bahamas
was in the business of IBCs, there were
other jurisdictions that do not wish to get
into the same business. “So if you go to a
counterparty with a private investment
fund, they will feel much better. If you go
to a broker in London or a broker in the
US and say I want to open a broker
account... they look straight past the IBC;
maybe they use it or not, but if you go
with an investment fund, they feel much
more comfortable,” Mr Thain said.

With the formation of a SMART fund,
the assets placed in the fund remain in it,
and the benefactor has shares in the fund
which can be converted to cash or other
value, leaving the assets untouched.

Mr Thain said that while this type of
fund may not be for every client, it can still
be a valuable tool.

Actuaries sue ex-Colina chief
over alleged $100k bill

FROM page 1B

Eckler alleged that its valua-
tion work was relied upon by
the defendant “for its intended
purposes”, meaning that Mr
Campbell was “estopped” from
denying that he had no obliga-
tion to pay the firm for its ser-
vices.

Mr Campbell would have
used Eckler’s valuations in

negotiations with his two for-
mer CFG partners in an

attempt to arrive at a fair valu-.

ation of his stake in CFG -
something that has been the
subject of a protracted legal bat-
tle that resulted in a previous
Privy Council ruling. The most
valuable asset in CFG was - and
still is - Colinalmperial, its life
and health insurance subsidiary.

Eckler alleged that it had
demanded payment for the out-

standing fees from Mr Camp-
bell on June 7, 2006, but nothing

_had happened.

“The defendant breached the
expressed provision Of the
agreement by refusing to pay
the plaintiff the said monies as
demanded, in part or at all for
services rendered,” Eckler
claimed.

As a result, it was seeking
payment of the $97,677 sum,
interest upon this, costs and oth-

er relief that the Supreme Court
saw fit to give it.

NOTICE

NOTICE is hereby given that KERDITH MORENCY
OF CORDEAUX AVENUE, P.O. BOX N-356, 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 21th day of
March, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

Legal Notice
NOTICE

MOOSE LIMITED

NOTICE IS HEREBY GIVEN as follows:

(a) MOOSE LIMITED is in voluntary dissolution under the
provisions of Section 137 (4) of the International Business
Companies Act 2000.

(b) The dissolution of the said company commence on the 20th
March, 2007 when the Articles of Dissolution were
submitted to and registered by the Registrar General.

(c) The Liquidator of the said company is Credit Suisse Trust
Limited, Rue de Lausanne 17 bis, Geneva.
Dated this 21st day of March, A.D. 2007

Credit Suisse Trust Limited
Liquidator



Legal Notice
NOTICE

MELONY LIMITED
NOTICE IS HEREBY GIVEN as follows:

(a) MELONY LIMITED is in voluntary dissolution under the
provisions of Section 137 (4) of the International Business
Companies Act 2000.

(b) The dissolution of the said company commence on the 20th
March, 2007 when the Articles of Dissolution were
submitted to and registered by the Registrar General.

(c) The Liquidator of the said company is Credit Suisse Trust
Limited, Rue de Lausanne 17 bis, Geneva.
Dated this 21st day of March, A.D. 2007

Credit Suisse Trust Limited
Liquidator



FIRSTCARIBBEAN

INTERNATIONAL BANK

CAREER OPPORTUNITY
7 for
SENIOR FINANCIAL ANALYST
BAHAMAS

ged
ee

‘POSITION VACANCY
MANUFACTURING PLANT OPERATIONS MANAGER

Qualifications:

° Accounting designation (ACCA, CPA or other similar
designation)

° Audit experience (Preferred)

° Prior experience working in/with financial institutions

° Proven analytical skills in reporting, moddling and forecasting

° Proven team management skills

Pepsi Cola Bahamas, an affiliate of Pepsi Americas, Inc., is searching for a
qualified individual to manage its manufacturing operations. This includes
Production, Quality Control, Maintenance, Warehouse, Fleet, and Logistics. (5
direct reports, 30+ indirect reports).

General Requirements/Responsibilities:

Qualified candidates must posses the following: » Assist with the preparation of annual financial statements
with IFRS

° Assist with the preparation of accurate and timedy quarterly
financial statements for publication as required by the
Securities Commission and BISX.
Ensures the integrity of financial information presented for
FirstCaribbean International Bank (Bahamas) Limited
Analyzes financial results and prepare variance explanations
for monthly reporting. ,
Ensures that financial and management reports are prepared
and distributed within established timedines
Consults with business units of the Bahamas entity, monitors
their performance and provides advice based on analyzed
results

> Assist with facilitating the annual audits and the preparation
of requisite schedules.
Interpret changes in accounting and reporting standards and
recommend changes and enhancements to systems and reports.

Education:
° Minimum Bachelor’s degree in business, operations or related field

Experience:
. Prior leadership, supervisor and coaching experience required. Operations
and distribution experience preferred

Personal:
Results oriented
Strong leadership
Team builder / Team player
Ability to coach and develop people
Excellent interpersonal skills
Process oriented
Problem solver
Ability to multi task

A competitive salary and benefits package will be offered to the successful
candidate. If you are a strong leader/manager capable of multi tasking and are
interested in being part of a dynamic, growing international company, please

Per eranil resinette: Applicants are requested to submit their resume with a cover letter

via email by April 4", 2007 to:
deangelia.deleveaux@ firstcaribbeanbank.com

FirstC aribbean International Bank (Bahamas) Limited
thanks all applicants for their interest, however only those
under consideration will be contacted.
Vacancies are open to Bahamian residents only.

Human Resources Manager
Pepsi Cola Bahamas Bottling Co., Ltd.
P. O. Box N-3004
Prince Charles Drive
Nassau, Bahamas
Fax: 364-2123
e-mail: rhonda.rolle@pepsibahamas.com





IHE TRIBUNE

AES: Broward licence
end ‘no major impact’

. ee ek



PU

INTENT TO CHANGE NAME BY DEED POLL

“The Public is hereby advised that |, CINDY ALISA DENISE
: -WILLIAMS-RAHMING of the Western District of the Island
"of New Providence, intend to change my name to CYNDI

“ALISA DENISE WILLIAMS-RAHMING. If there are any
“objections to this change of name by Deed Poll, you may write
-such objections to the Chief Passport Officer, PO.Box SS-742,
. Nassau, Bahamas no later than thirty (30) days after the date of

‘Fpub

lication of this notice.



SITUATION VACANT

Applicants must be familiar with automotive
computer analysis systems and preference will
be given to applicant with proven dealership
|: experience. References as proof of good work

re

ae Aye
OAS)

TRAINED AUTOMOTIVE
TECHNICIAN

experienced in American, Japanese
and Korean vehicles needed

lationships must be supplied.

Apply in person or in writing to:
Manager
QUALITY AUTO SALES
(FREEPORT) LTD.
Queens Highway
P.O. Box F-42405
Freeport, Grand Bahama



UBS

UBS (Bahamas) Ltd. is one of the world's leading financial institutions in the

Caribbean. Our Business Area Wealth Management International looks after wealthy

private chents by providing them with comprehensive, value enhancing services. Our
client advisors combine strong personal relationships with the resources that are
available from across UBS, helping them provide a full range of wealth management

services

in order to strenathen our team in Nassau, we are looking to fill the following
position

Caribbean Desk Head / Client Advisor

The position holder will be responsible leading the Caribbean Desk in Nassau,

Bahamas or become a client advisor on the desk. This includes supervising of day-to-

day activities and financial results, monitoring market conditions, and assessing risk.
The position holder has the task to identify new prospects and build-up the
corresponding relationships. S/he works closely together with product specialists for
analysing client needs and developing, marketing and implementing tailor-made
investment strategies and solutions. The acquisition of new clients will be a main
focus.

The candidate will provide input to senior management tegarding client
segmentation and marketing strategy for his/her region. S/he will assist in the
process of building and’dévelaping key accounts; leading this process where
appropriate. S/he maintains a direct relationship with clients resolves and escalates
client issues arising from the team.

The position holder is accountable for the implementation of operating policy and
standards.

Requirements for this position include:

e Minimum 5 years experience and a proven successful track record in Wealth
Management

e Minimum 5 years experience in client acquisition and relationship building

® Quitgoing and personable with great social skills. ;

for LNG development

FROM page 1B

Ocean Cay remained compli-
ant with the International Ship-
ping and Port Security (ISPS)
code.

“Tt does all add up,” Mr Sam-
son said of the costs. “We’re
anxious. The timing is pretty
good for us, Florida needs its
gas and hopefully we’re near-
ing the end.”

It is unclear though whether
the Government will move to
approve the LNG project,
though, especially with a gen-
eral election imminent. It would
likely fear the loss of votes
among the strong environmen-
tal lobby that has opposed the
locating of an LNG project in

the Bahamas.

The Tribune had contacted
Mr Samson after obtaining a
March 14, 2007, letter from
Broward County that had been
addressed to the Federal Ener-
gy Regulatory Commission
(FERC), the body that regu-
lates the LNG industry in the
US.

Paul Stanton, assistant to
Broward County’s Port Direc-
tor, said that on March 6, 2007,
the county commissioners had
“exercised their right to termi-
nate the 30-year natural gas
Pipeline Licence Agreement
between Broward County and
AES Ocean Express.

“The termination resulted
from the default of AES under
the terms and conditions of that
licence agreement, and AES’s

Legal Notice

NOTICE

AVALON BUSINESS CORP.

(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 19th day of
March 2007. The Liquidator is Argosa Corp. Inc., P.O.
Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)... ,

Lah

Legal Notice

NOTICE

ARCTIC POINT LIMITED

subsequent failure to cure
same.”

Broward County added that
as a result, it was opposed to
the FERC giving a two-year
extension to January 29, 2009,
as the date by when AES would
have to bring the project into

service.
Affair

However, Mr Samson said
the entire affair was “not of
huge significance”. He
explained that AES and
Broward County had reached
an impasse after the company
asked it to amend the terms of
the licence agreement, saying
that in the absence of the pro-
ject being approved by the
Bahamian government, it could

not keep paying to reserve real
estate it was not using.

Mr Samson said AES had
paid over $1 million in reserva-
tion fees. He pointed out that
real estate was usually the last
part of a project such as.this to
be sorted out, but AES had
arranged it earlier before all the
necessary approvals were in
place, “and it ended up biting
us”.

The company had met with
the Broward County Commis-
sioners to formally explain its
position, resulting in the agree-
ment’s cancellation.

“It’s kind of a little bit of a
vicious circle, but the project
does enjoy having eminent
domain rights over land for the
pipeline. It’s not of huge signif-
icance,” Mr Samson said.

NOTICE

NOTICE is hereby given that ROSELIE ST. CHARLES OF

PALMETTO POINT,

ELEUTHERA,

BAHAMAS _ is

applying to the Minister responsible for Nationality and
Citizenship, for registration/naturalization as a citizen
of The Bahamas, and that any person who knows any
reason why registration/ naturalization should not be
granted, should send a written and signed statement of
the facts within twenty-eight days from the 21st day of
March, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

Assistant Manager
Position Available Immediately
At

Domino’s Pizza

Qualifications:

You should have a High School Diploma
Past managerial experience ;
Certificate in Management is a plus

Must be available for day and night shifts,

including weekends

You should demonstrate strong communication,
leadership, motivational and people management

skills

You should have a valid driver’s license

You must have a GREAT attitude towards

In this position, the successful candidate will be expected to: n
customer service!

Use communication and negotiation skills to attract new clients and identify
client needs

Meet with clients and potential clients in social settings

Travel to meet with clients and potential clients

(In Voluntary Liquidation)

Basic responsibility to include:
Maintain product, service and image standard
To assist in supervision of all phases of
production.
To maintain a high level of efficiency &
productivity in all areas of store operation

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 19th day of
March 2007. The Liquidator is Argosa Corp. Inc., P.O.
Box N-7757 Nassau, Bahamas.

Senior Client Advisor & Client Advisor Latin America

In this challenging position you will be responsible for acquisition of new and
advisory of existing clients, as well as presentation and implementation of
investment solutions in the client's mother tongue

For this position we are searching for an individual who meets the following

requirements

* Extensive experience and a proven track record in Wealth Management

e Specialized in the fields of customer relations, investment advice and portfolio
management. -

e Excellent sales and advisory skills as well as solid knowledge of investment
products are key requirements. Fluency in English, Portuguese and Spanish is
essential

Please send résumé on or before
October 2, 2006
Attention: Human Resource Department
P.O. Box SS-6704
Nassau, Bahamas
Or Fax 356-7855

Interested? Written applications should be sent to:

ARGOSA CORP. INC.
UBS (Bahamas) Ltd. coe
Human Resources (Liquidator)
P.O. Box N-7757
Nassau, Bahamas

hrbahamas 5.com or



NOTICE

IN THE ESTATE OF JULES D. GRIFFING, late of
the City of Rutland, Vermont U.S.A., deceased



2a



I tic ing Information As Of:
Tsresday, 20 March 2007
i oy BIOS








52wk-Low _ ‘Previous Close Today's Close

Change Daily Vol. EPS $ Div $
0.54 Abaco Market 0.78 0.76 0.00 "70.282. ~0.000. N/M 0.00%
10.40 Bahamas Property Fund 11.25 11.25 0.00 1.689 0.400 6.7 3.56%
6.90 Bank of Bahamas 8.60 8.60 0.00 1,165 0.737 0.260 11.7 3.02%
0.70 Benchmark 0.85 0.85 0.00 0.265 0.020 3.2 2.35%
1.26 Bahamas Waste 2.19 2.19 0.00 0.199 0.060 11.0 2.74% j , of i
112 Fidelity Bank 1.30 1.30 0.00 0.170 0.050 7.6 3.85% NOTICE 1s hereby ead that all Pane having
9.00 Cable Bahamas 10.33 10.33 0.00 800 0.915 0.240 11.3 2.32% : : : :
1.67» Colina Holdings 2.10 2.10 0.00 0.078 0.040 26.9 190% any claim or demand against or interest in the above
9.38 Commonwealth Bank 14.00 14.00 0.00 0.998 0.680 14.0 4.86%
1.22 Consolidated Water BDRs 4.89 4.83 -0.06 0.118 0045 41.4 0.92% orators ve Ars Sr ele oT
Raa gee fase opie WN ce Moe Boe Fea eee gia Rea Estate should send same duly certified in writing
5.54 Famauard 5.94 5.94 0.00 0.552. 0.240 10.8 4.04% : R
10.70 Finco 12.45 12.45 0.00 0.779 0.570 15.7 4.58% to the undersigned on or before 28" March, 2007
10.90 FirstCaribbean 14.70 14.70 0.00 1,000 0.921 0.500 16.0 3.40%
10.40 Focol 17.06 17.06 0.00 1.644 0.510 10.4 2.99% : 5 aoe : :
a Ni he ee ree i sp EE ROE tad Aen after which date the Administratrix will proceed to
14.20 7.10 ICD Utilities 7.25 7.25 0.00 0.532 0.100 13.6 1.38% . > x .
9510 8.52 J. S. Johnson 9.05 9.05 0.00 0588 0560 15.4 6.19% distribute the assets of the Estate having regard only

P E 7.95%

to the claims, demands or interests of which she shall
then have had notice AND all persons indebted to
the above Estate are asked to settle such debts on or
before 28th March, 2007.

Last Price Weekly Vol.
Bahamas Supermarkets
Caribbean Crossings (Pref)

RND Holdings _



22.00 ABDAB
14.00

Bahamas Supermarkets
RND Holdi



52wk-Low Fund Name

1.8312 1.1273 Colina Money Market Fund 1.331194"
> 988 2? 6662 Fidelity Bahamas G & | Fund 3.0988°**
1 #254 $31 Polina MISE Preferred Bund 2.62






F
( 5419°**
I 3 1.1592 Colina Bond Fund 1.23. Pah
| f 804! 1.0000 f
f fs m E di 5ORB Ps, Gite bim
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
Pfevious Close - Previous day's weighted price for daily volume
fav Cle



sidelity Prime Incorme Fund
FREDERIK F. GOTTLIEB & CO.
Attorneys for the Executrix

P.O. Box AB-20405

Bay Street, Marsh Harbour

Abaco, The Bahamas

OM A ROEM oR See eo es ROR ‘
“VIEL last 12 month dividends divided by closing price NAV K'
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
INAV - Net Asset Value
IN/M - Not Meaningful
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

* -9 March 2007

‘ Curent day's weiahted price for daily volume ** .8 February 2007

aily Vol Witnat of total shar traded today *** ~ 31 January 2007

DIV $ - Dividends per share paid in the last 12 months
PIE - Closing price divided by the last 12 month earnings

**** - 28 February 2007







moe

THE TRIBUNE

WEDNESDAY, MARCH 21, 2007, PAGE 7B



S1.6m court order impacts |
Bahamas Film Studios sale

FROM page 1B

Bahamas Film Studios project
was undercapitalised from the
outset, and he was “left alone to
run” the development after his
two fellow partners - Hans
Schutte and Michael Collyer -
passed away in April 2005 and
December 2004 respectively.

“In order to keep the film stu-
dio operational, I invested a
substantial portion of my net
worth in the company,” Mr
Quigley alleged. “I personally
financed the company by charg-
ing approximately $160,000 of
company expenses to my credit
cards, mortgaging my house and
my mother’s house, cashing in
my savings and selling my car.

“T believed that all funds that
I personally spent, on behalf of
the company, would be reim-
bursed to me once the company
had sufficient funds. The return
of these funds is critical to me
and my future.”

Mr Quigley alleged that
before he died, Mr Schutte
transferred “a substantial
amount” of his Ashby shares to
Ross Fuller, managing director
of Nashville and Atlanta-based
investment bank, Stockton,
Fuller & Co.

Mr Fuller took over the pro-
ject’s running, especially its
financing. However, Mr Quigley
alleged that his relationship with
him broke down in 2006, cul-
minating in him being notified
by an October 10, 2006 e-mail
from Mr Fuller that he had
been dismissed as an officer and
director of Gold Rock Creek
Enterprises, the Bahamas-incor-
porated holding vehicle for the
Bahamas Film Studios. Ashby
owned Gold Rock Creek
through another Bahamian
company, Ashby (Bahamas).

Mr Quigley said he had
received no notification of the
September 26, 2006, Board
meeting at which he was dis-

missed. He alleged that since
the Bahamas Film Studios’
start-up in 2001, and up to
October 2006, he had never
been paid the full amount of his
salary, “and was often required
to pay expenses of the company
from my own pocket on the
understanding that I would be
reimbursed when circumstances
permitted. As a result, I now
find myself in a dire financial
position”.

Mr Quigley alleged that Mr
Fuller had refused to recognise
his reimbursement claim,
despite two letters being sent
to him by his Canadian attor-
neys, Voorheis & Company,
demanding payment of $1.304
million in unpaid salary and for
unpaid expenses.

In addition, Mr Quigley said
his Bahamian attorneys had
told him that due to his sum-
mary dismissal, he should be
“entitled to salary in lieu of
notice”.

“T am very concerned, in light
of what I know about Fuller,
that he will continue to cause
the company to refuse to recog-
nise my clam,” Mr Quigley
alleged. “I am also concerned
that following the sale of the
assets and/or undertaking of the
company, the company would
be left as a shell corporation,
unable to satisfy any judgement
that I am able to secure.”

He said his concern was
based on the fact that Mr Fuller
had “misled me and made bro-
ken promises” regarding the
Bahamas Film Studios; refused
to recognise his right to salary
and expenses reimbursement;
“reorganised the ownership
structure of [Gold Rock Creek]
without my knowledge or con-
sent as a director..... or repre-
sented an ownership structure
that was untrue; and relieved
him as a director without calling
a Board meeting to do so.

Mr Quigley’s affidavit also
raised concerns over whether
the Government had approved

Legal Notice

NOTICE

NOTICE IS HEREBY GIVEN as follows:

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

(b) The Dissolution of said Company commenced on March 20, 2007 when
its Articles of Dissolution were submitted and registered by Registrar

General.

(c) The liquidator of the said company is Lakeisha Collie of 2nd Terrace

West, Centreville, Nassau, Bahamas.

(d) All persons having Claims against the above-named Company are
required on or before the 20th day of April, 2007 to send their names and
addresses and particulars of their debts or claims to the Liquidator of the
company or, in default thereof, they may be excluded from the benefit of
any distribution made before such debts are proved.

_ March 21, 2007

LAKEISHA COLLIE

LIQUIDATOR OF THE ABOVE-NAMED COMPANY



the Bahamas Film Studios’ var-
ious ownership and ownership
structure changes.

Referring to an attempt by a
company called Mediator
Underwriting, headed by Bjorn
Monteine, to acquire the
Bahamas Film Studios, Mr
Quigley alleged that Mr Mon-

.teine had written to the perma-

nent secretary in the Ministry
of Financial Services and Invest-
ments on November 20, 2006.

The letter claimed “that
Fuller was obligated to obtain
permission from the Bahamas
National Economic Council to
effect the transfer of shares in
[Gold Rock Creek], but that no
such application was ever made.

“The November 2006 letter
states that in July 2005, ‘neither
Finpac [ a company controlled
by Mr Fuller] and [Ashby
Bahamas] had any ownership
rights [in Gold Rock Creek],
and that it was not legally pos-
sible to state either of these
companies had any ownership
rights in [Gold Rock Creek]
without having a written
approval from the Bahamas
National Economic Council”.

Such allegations and concerns
will raise questions, apart from
whether Mr Fuller has received
approvals for the sale and
allegedly altering the ownership
structure, on just how closely
the Government has been mon-
itoring developments at the
Bahamas Film Studios.

Several sources have sug-
gested to The Tribune that it
should have taken a much hard-
er line with Mr Fuller, given
that it is the project’s landlord
by virtue of owning the 3,500
acre former US Air Force Mis-
sile Base on which the project is
situated.

The protracted sale and law-
suits surrounding the Bahamas
Film Studios are negatively
impacting the Bahamas’
attempts to establish the Stu-
dios and the country as an alter-
native film and TV production
location to the likes of Holly-
wood, also hampering efforts to
diversify the Bahamian econo-
my.

Apart from Mr Quigley’s
action, The Tribune also under-
stands that Islands By Design,
the company run by Bahamian
Keith Bishop, has obtained a
Supreme Court injunction pre-
venting the Bahamas Film Stu-
dios from being sold until a law-
suit relating to an alleged
unpaid $80,000 bill for an envi-
ronmental impact assessment
(EIA) done on the company’s
behalf is paid.

Mr Fuller is understood to be
disputing this, but previously
told The Tribune that the mat-
ter would be dealt with “pru-
dently”. Not wishing to hold up
the project’s sale, Islands By
Design is waiting to see whether
the matter will be resolved.

Meanwhile, Mr Quigley
alleged that Mr Fuller appeared
to be aware of the need to
obtain National Economic
Council (NEC) approval to

Ee aS

MAINTENANCE SUPERVISOR

The incumbent will have overall responsibility for the efficient operation

and maintenance of equipment and machinery, with a keen focus on detail
in keeping with international standards. He/she will also be customer oriented
with a track record of mastery in mechanical areas.’ Specifically he/she will

be required to:

> Ensure the effective and efficient performance of the maintenance
function for the following assets:
Building and the environment
Packaging lines and blow molding operations
Utilities supplies: Electrical distribution, high and low pressure

air, refrigeration and RO water systems

Manage the workshop and the execution of planned and preventative
maintenance program
Diagnose equipment malfunction and remove, install or effect repairs

as necessary

Evaluate the maintenance performance in his/her area of responsibility,
compile reports and effectively use performance data

Maintain technical integrity of plant to attain production targets and
keep abreast with latest technological advancements

Ideal candidate would have strong Electrical & Mechanical Engineering
experience, demonstrate a proficiency to trouble shoot and repair common
_ electrical problems and have the ability to work independently.

Please send resume to:

Human Resources Manager

P.O. BOX N-3207
DA 16436

NASSAU, BAHAMAS



transfer Gold Rock Creek’s
shares, a February 25, 2005, let-
ter from the Ministry of Finan-
cial Services and Investments
saying the NEC had approved
his application to take a 29 per
cent stake.

Yet Mr Quigley alleged that
“further confusion” surround-
ed Gold Rock Creek’s owner-
ship structure in 2006, with Mr
Fuller telling company auditors
that Gold Rock Creek’s share
capital consisted of two shares
held in his name as nominee for
Ashby Bahamas.

The latter had 5,000 shares,
some 3,600 held by the Ashby
Corporation parent in Bermu-
da, and another 1400 held by
Finpac. Mr Quigley alleged that
this - a 72 per cent stake held by
Ashby Bahamas, and 28 per
cent by Finpac - supported the
ownership structure detailed in
the agreement with Mr Mon-
teine, a dealwhich fell through,
but was “inconsistent with the
evidence subsequently provid-
ed” by McKinney, Bancroft &
Hughes, the Bahamian law firm
that acted as attorneys for Gold
Rock Creek.

Mr Quigley then alleged that
Mr Fuller first fired him on May
5, 2006, only to send an e-mail
one day later asking him to
return to his post and help him,
holding out the promise that
additional capital would be
available.

. The promise of new investors
and capital coming in was what
had attracted him to remain at
the Bahamas Film Studios, Mr
Quigley indicated in ‘his affi-
davit.

He added that he was the one
who had signed the initial
Heads of Agreement and land
lease with the Government, and
played the key role in bringing
Disney to film Pirates of the
Caribbean II and III at the
Bahamas Film Studios.

In the initial agreement with
Messrs Schutte and Collyer, he
said his terms were for a salary
of $350,000 per annum and a 10
per cent stake in Gold Rock
Creek.

Mr Quigley alleged that as a
start-up, Cold Rock Creek ini-
tially did not have enough funds
to pay his salary.

When previously asked about
Mr Quigley’s lawsuit, Mr Fuller
said that he had no knowledge
of the matter “and cannot imag-
ine how an ex-employee with
no investment in the company
would......... file such a frivo-
lous lawsuit.

“We also believe that Mr
Quigley is an intelligent indi-
vidual who has moved on with
his life.... One that will not
include the Bahamas Film Stu-
dios.”

All those points are being dis-
puted by Mr Quigley.

4,468 of office space
downtown for lease.

Adequate parking and
infrastructure in place.

Please call Cd

TWO (2) PIPER AZTECS - 5 Seater Aircrafts

Owner asking $220,000 (ONO) for both Aircrafts as is.
The Aircrafts can be viewed at
Executive Flight Support, Nassau Bahamas

For further information or inspection call (242) 377-1256.



PARTS MANAGER/SUPERVISOR

SP,

For an expanding Freeport Auto Dealership.

Successful applicant must have a thorough
understanding of computerized inventory
systems and must be willing to supervise
and train others. Knowledge of Japanese
and Korean parts is a must along with
proven dealership experience.

Attractive and competitive remuneration
package available to successful applicant.

Please apply in writing to:
PARTS
P.O. Box F-41060
Freeport, Grand Bahama



NOTICE

The payment of Long-Term Benefits and Assistances in New Providence for March 2007
will be made at the Board's Fox Hill, Wulff Road and Jumbey Village Local Offices begin-
ning Thursday, March 22, 2007. Cheques may be collected from these offices between
the hours of 9:00 a.m. and 4:00 p.m.

Pensioners and/or their representatives are required to produce proper identification in

order to collect their cheques.

Acceptable forms of identification for Pensioners are the National Insurance Registration
Card, together with any one of the following:
1. A Passport;
2. A Voter's Card: or
3. Any other document which establishes, conclusively, the identity of the claimant.

Where the Pensioner is sending a Representative to collect his/her cheque, the Repre-
sentative should present an Authorization Form, completed by the Pensioner, or a letter
from the Pensioner authorizing the Board to release his/her cheque. Additionally, the
Representative should present any one of the above-listed items to identify himself/her-
self. Cheques will not be released to Representatives who fail to provide satisfactory iden-

tifying documents.

Please Note:

Pensioners born in March and September are now due for Verification.

Failure to be verified on-time, will result in the suspension of payments.





PAGE 8B, WEDNESDAY, MARCH 21, 2007

NOW HIRING DRIVERS

Are you retired or work night Shift only?
Do you want to make some extra Cash?
$200 - $300 per week

Come Deliver for Domino’s Pizza

If you are:-
° 18yrs. or older
* Have a Drivers License & good Driving record
¢ Have your own Vehicle
¢ Great Customer Service Attitude
Then <” wants YOU!

Benefits

¢ Good Health Insurance. Plan

° Pension

Come into Abaco Markets Limited
Town Center Mall Office
And fill out an application Today.
Ph. 325-2122 Fax 356-7855



THE TRIBUNE



Downtown Board
backs Hilton deal

@ By CARA BRENNEN-
BETHEL
Tribune Business Reporter

THE proposed $30 million
“investment commitment” to
upgrade the British Colonial
Hilton is a further representa-
tion of the resort’s commit-
ment to the overall improve-
ment of downtown Nassau.

Charles Klonaris, director of
the Nassau Tourism and
Development Board, told The
Tribune that the Board was
delighted to hear that the new
majority shareholders of the
hotel - Adurion Investment
Management - had made an
investment commitment of
over $30 million to upgrade
the resort currently acting as
the anchor for Bay Street.

The College of The Bahamas
School of Social Sciences (SOS)
Department of Psychology, Sociology and Social Work

Presents

A Public Lecture Series
Issues in Human Sexuality

arch We = Ale 2

~ =



Executive Boardroom, F. George saisg Suite
Third Floor, Michael H. Eldon Complex
The College of The Bahamas
Thompson Boulevard

Gay Agendas: Desires, Ethics and Rights

Keynote Speaker: Dr Kriemild Saunders, Assistant Professor, SOS

Respondents:

Dr. Kirkley Sands, Associate Professor and Chair, SOS
Michael Stevenson, Assistant Professor, SOS
Susan Plumridge, Assistant Professor, SOS

March 19: Part I:

Same-Sex Unions: Christianity and Heterosexism

March 22: Part Il:

Sex Liberation: The Transformation of Sexual Morality
Psychoanalytic and Biogenetic Perspectives on the Basis of

Homosexuality
March 23: Part Ill:

“Regulating Queer Sex: Criminalization,
Constitutionality and a Legal Rights Strategy of Resistance

SCHOOL OF SOCIAL SCIENCES

Presents

A PANEL DISCUSSION
Perspectives on the Impact of Haitian Migration

to The Bahamas

-Wednesday, 21°' March, 2007 at 7:00pm

The Foyer, Ground Floor
Portia Smith Student Services Centre

Poinciana Drive

The College of The Bahamas (COB)

Panelists:

Mr. Earl Deveaux

Former Cabinet Minister and

Marketing Director
Lucayan Tropical

Dr. Evelyn McCollin
COB

Dr. Thaddeus McDonald

Associate Professor, History,

Dean, Faculty of Social and

Educational Studies, COB

Mr. Eliezer Regnier

Dr. Keith Tinker

Counsel and Attorney
Notary Public

Director, National Museum

of The Bahamas

FREE ADMISSION

Donations to COB fund gladly accepted

For further information,

Contact Dr. Evelyn McCollin at 397- 2606/7

Visit our website at www.cob.edu.bs



cab annla

T HE COLLECE OF THE BAHAMAS

EDUCATING & TRAINING BAMAMIANS



“The Hilton has always
played a very supportive role
in the development of Bay
Street, and this is just another
example of them putting their

_ money where their mouth is,”

Mr Klonaris said.

“They have done a lot to
improve the area, including
assisting the tourism police
located in downtown, and
clean-up efforts. We are very
pleased with this support. They
recognise the importance of
transforming the downtown
area.”

Last Wednesday, Tribune
Business reported that Aduri-
on, a subsidiary of Adurion
KG, a company founded by a
Swiss software entrepreneur,
has purchased the major con-
trolling stake in the hotel’s
holding company, the British
Colonial Development Com-
pany, from the Canadian Com-
mercial Workers Industry Pen-
sion Plan (CCWIPP) in a move
set to revitalise both the resort
and surrounding areas of
downtown Nassau.

CCWIPP will retain a minor-
ity stake in the British Colo-
nial Hilton, participate in any
upside and recoup its original
principal investment through
the Adurion transaction, while

the new investor will bring
extra capital, plus financing
and management expertise, to
take the resort forward and
“improve profitability”.

A CCWIPP spokesman told
The Tribune.that Adurion was
making a multi-million dollar
investment in the British Colo-
nial Development Company,
which also owns the Centre of
Commerce and Fort Nassau
Centre, in addition to the
hotel.

The spokesman described
the Adurion involvement as
“an investment commitment
of over $30 million”, with the

company preparing to lead a.

major refurbishment and ren-
ovation of the British Colonial
Hilton that will begin in
August-September 2007.

Mr Klonaris said Bay.

Street’s redevelopment was
progressing well. “I know that
there are people who may say
‘well we are not seeing any-
thing,’ but what we are doing
now is very important; we are
setting a foundation for the
project,” he added.

Mr Klonaris said that at the
moment, there were three
areas which the committee is
working on in laying this foun-
dation. They include complet-

ing the business plan for the
relocation of the shipping com-
panies to the new southwestern
port. That business plan that

will serve as the guide for the’

construction of the new port
is expected to be completed by
June this year.

Mr Klonaris said this was

critical for the redevelopment |

of downtown Nassau.

The second initiative, he
said, was the Cabinet paper
that is currently being pre-
pared, which will address the
traffic flow in the downtown
area.

Then there was the creation
and implementation of legis-
lation that would enable the
Downtown Development
Authority to have the ability
to act as a self-sufficient body,
collecting and spending rev-
enue in the area.

Mr Klonaris said that ulti-
mately, they would like the
ability to have financial con-
trol of the area to make
improvements such as putting
in parking meters on Bay
Street. and supporting the
downtown tourism police.

Mr Klonaris noted that
within two to three years, all of
the necessary legislation should
be in place.

US consultants to assess
NHI’s economic impact

The Government has hired a
US consulting firm, DAH Con-
sulting, to analyse the eco-
nomic impact its proposed
National Health Insurance
(NHI)-scheme will have on
Bahamian businesses and the
wider economy.

The Bahamas Chamber of
Commerce is set to host a
forum on health care reform
and the NHI tomorrow
evening at the British Colonial
Hilton.

Philip Simon, the Chamber S
executive director, explained
that the seminar is being held
at the behest of the organisa-
tion’s members in an effort to
provide adequate information
and foster dialogue on the NHI
issue.

Mr Simon said the Govern-
ment had recently informed
the Chamber that it had-hired
consultants to do a macroeco-
nomic study on the NHI’s
potential impact on the
Bahamian economy and busi-
ness community.

“That has been the extent of
the dialogue that we have had
with them.

“The Chamber as well as the
persons represented here have
been a part of a larger group
called the Coalition to Health
Care Reform, which has been
doing most of the direct dia-
logue with the ministry,” Mr
Simon said.

_ He said it had been a diffi-
cult task in trying to have infor-
mation requested deliveredm
but for whatever reasons it was
“either not being available, not
prepared or not willing to be
given”.

“It is something that. obvi-
ously stakeholders are going
to continue to ask about - what
is the National Health Insur-
ance scheme; how will it impact
my business; what is the cost
structure; what are the bene-
fits; compensation. You know,
these are all questions that we
hope to answer in a substan-
tive way on Wednesday,” he

explained.

e GlobalUnited, the business
run by PLP Clifton election
candidate, Jackson Ritchie, is
understood to be seeking to
raise about $6 million in a pri-
vate placement/offering,
informed sources have told

_ The Tribune.

This is a private offering to
selected investors, so members
of the public should not look to
become involved.

Global United and Mr
Ritchie have still to complete
their acquisition of Discovery
Cruise Line, the company hav-
ing expanded rapidly in recent
years from its former days as

- Tanja Enterprises through the

acquisitions of United Ship-
ping and Global Customs Bro-
kers within the past three
years. It is not known whether
capital is being sought to
finance this. There have been
unconfirmed reports that the
company is seeking to do a
sale-and-leaseback deal for its
Queen’s Highway property in
Freeport.

CAREER OPPORTUNITY

A leading jewelry company is expanding its Nassau Operations
and has openings, at various levels, in the following areas:

Marketing Inventory Control

BASIC REQUIREMENTS

Persons of integrity

1
2. Self-starters with drive and determination
3 Previous experience an asset

*

If you meet the above requirements and have skills in the above disciplines, we
will be pleased to welcome you to our winning team. The positions offer career

opportunities with excellent salary and benefits package.

Please submit your resume in confiden@ to;

CAREER OPPORTUNITY

P. O. BOX N-623
NASSAU, BAHAMAS.
OR
Fax: 328-4211

Email: humanresourcesnassau@dutyfree.com



ween eoatz a a a a

reumeacan

reewsvewe

c2r eee

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THE TRIBUNE



Chamber chief concerned over
Freeport licensees group recognition

FROM page 1B

ment were at one time hon-
oured by the Government of
the Bahamas and principals of
the Grand Bahama Port
Authority.”

The Association and licensees
may have a critical role to play
in Freeport and the Hawksbill
Creek Agreement’s future, giv-
en that clause 4 in the 1960
amendments to the Agreement
permits the creation by statute
of a ‘Local Authority’ that can
exercise powers of local gov-
ernment or administration in
the Port Authority area.

Clause

Sub-clause 2 of this clause
allows the Port Authority to
transfer, by written agreement,
all its “rights, powers and oblig-
ations” - effectively its regula-
tory and quasi-governmental










The Public

this notice.













PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL

is hereby advised that |,
STRACHAN of Prince Charles Drive, Nassau, Bahamas,
intend to change my name to ARLENE CARGILL. 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 SS-742, Nassau, Bahamas no
later than thirty (80) days after the date of publication of

PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, JERMELL CHAAZ
JOHNSON intend to change my name to JERMELL
CHAAZ SWEETING. If there are any objections to
this change of name by Deed Poll, you may write such >
objections to the Chief Passport Officer, PO.Box SS- |
742, Nassau, Baharnas no later than thirty (30) days after |
| the date of publication of this notice.

EXECUTIVE
MOTORS LTD

AUTHORISED TOYOTA DEALER

Available in Grand Bahama at Quality Auto Sales (Freeport) * Queens Hwy, 352-6122 « Abaco Motor Mall, Don MacKay Blvd, 367-2916

powers - to this Local Authori-
ty.
The catch, though, is that
such an agreement between the
Port Authority and a ‘Local
Authority’ must be approved
by 80 per cent of the GBPA’s
licensees, giving them and the
Association potentially major
powers over the Port Authority
and Freeport’s future.

Clause 3(8) stipulates that no
amendments can be made to
the Hawksbill Creek Agree-
ment without the consent of 80
per cent of licensees.

Mr Lowe said yesterday that
the failure to recognise the
Association’s incorporation
could restrict the participation
of licensees in the Hawksbill
Creek Agreement, taking away
their freedoms.

“Consider that, if the Port
Authority were indeed to be
wound up, it would follow that
all licensed [by it] would also
be subject to winding up, and
would have to then subject



ARLENE



* power steering

° manual trasmission

Auto Mall, Shirley Street (opp. St. Matthew’s Church)
Open Mon to Fri 8am - 5:30pm
Sat 8am - 12noon

Tel: 397-1700

E-mail: execmotor@batelnet.bs
Parts and service guaranteed

themselves to Governmental
licensing,” Mr Lowe said. “Not
to mention some grand reckon-
ing with respect to the privileges
of the bond, as it would no
longer be able to exist.

Consider

“Consider that, if one share-
holder or an outside entity were
to buy the other or all share-
holders out, a proper evalua-
tion of the Port Authority and
its assets would have to be

done.

“But, would not a part of this
value be based on the value and
strength of the licensees?
Would not the licensees count
largely towards any valuation
of goodwill? Would not the
licensees, by the very stipula-
tion of the Hawksbill Creek
Agreement, have to sign, giv-
ing consent? Might we move to
veto such action?

“Food for thought as we
move Freeport forward, for the
benefit of all involved.”

NOTICE

IN THE ESTATE OF BEATRICE A.
RUSSELL, (a.k.a. BEATRICE ANN
RUSSELL) late of 114 Hesketh Street, Chevy
Chase, Montgomery, Maryland, U.S.A.,

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 28" March, 2007 after
which date the Executor will proceed to distribute

the assets of the Estate having regard only to the

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

before 28th March, 2007.

FREDERIK F. GOTTLIEB & CO.
Attomeys for the Executrix

P.O. Box AB-20405

Bay Street, Marsh Harbour

Abaco, The Bahamas



opt
$






A



WEDNESDAY, MARCH 21, 2007, PAGE 9B

To advertise in The Tribune - the #1 newspaper
in circulation, just call 322-1986 today!

IN HOUSE

INVESTMENTS LTD

NOTICE TO
SHAREHOLDERS

The Board of Directors of In House Investments
Limited has declared a quarterly dividend for
Preferred Shares to all shareholders of record at
March 15, 2007 as follows:

Preferred Shares 7.25% per annum (payment
quarterly)

The payment will be made March 30th, 2007
through Fidelity Share Registrars and Transfer
Agents Limited, in the usual manner.

AUTO
SERVICE VACANCY

Freeport automobile dealership is looking for
an energetic person to fill the position of

SERVICE WRITER/

ADVISOR

in our Service Department. Prospective
applicants should possess similar work
experience with some training in customer
management relations. Intermediate
computer skills are a must. ©



_..... Please apply in writing to:
- Service Advisor
P.O. Box F-41060
Freeport, Grand Bahama

FIRSTCARIBBEAN

INTERNATIONAL BANK,

CAREER OPPORTUNITY

for

_ Treasurer — Bahamas and Cayman Operating Companies
Treasury Sales & Trading (TST)

Key Activities and Deliverables: '

¢ The Treasurer is a senior member of the TST leadership team that provide
best-in-class Balance sheet management, TST control and TST dealing support for
the FirstCaribbean Group. A key focus for TST is to enhance Group interest income
and develop / market TST products to the countries’ largest and most discerning
clients. Countries include: Bahamas, Turks and Caicos, Cayman, British Virgin
Islands, St. Maarten, and Curacao.

Successfully manage and extract maximum value from business projects and process —
improvement initiatives designed to strengthen the operational infrastructure of

FirstCaribbean TST

Build and improve the organizational structures and delivery platforms that support
the FirstCaribbean TST model and product lines

Manage to successful completion, business projects and process improvement
initiatives, designed t& stréngthen the operational infrastructure of FirstCaribbean

TST.

Develop effective partnerships with all functional groups including Marketing,
Finance, Human Resources and Operations & Technology that directly benefit TST
activities, customers and day-to day operations.

Key result areas include: balance sheet & liquidity management, product
sales/marketing function, product structured support, governance and market

risk

Qualifications/Experience:

¢ Graduate status with minimum of 7 years experience in the business/financial

world

¢ 3 years of specific management experience in a TST environment
¢ Association of Corporate Treasurers (ACT) or equivalent qualification

preferred

¢ Understanding of the local Bahamas markets, competition, geographic, macro
economic and global factors impacting TST activities

e Seasoned director with a solid track record of success managing and growing
TST / Treasury Products business in international financial institutions

¢ Solid operational experience in both a sales and a trading environment

Remuneration:

¢ Salary commensurate with the position’s seniority (FC Level 9 - the Bank

has 11 pay levels)

¢ Benefits- includes a car allowance, variable incentive pay (bonus) and preferred

loan rates

Applicants are requested to submit their resume with a cover letter via email by
March 23, 2007 to:

FirstCaribbean International Bank (Bahamas) Limited thanks all applicants for their interest,
however only those under consideration will be contacted.







2B ocmewescs

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PAGE 10B, WEDNESDAY, MARCH 21, 2007

THE TRIBUNE. .



| head of bank-
| ing for the
| Caribbean

sight.



| has
_ firmed that
i}R o s §

FINCO
wyiintiks

McDonald's



Appointment

con-

McDonald
(RIGHT),
Royal Bank
of Canada’s

region, has been appointed

_as chairman, replacing Gor-

don Feeney who is retiring
after a 16-year stint.

Mr McDonald, who is a
30-year Royal Bank veter-
an and heads its domestic
operations throughout the
Caribbean, will head FIN-
CO’s Board of Directors in

_ implementing the bank’s

business strategy and cor-
porate governance over-

Mr McDonald, who was

| already serving on FINCO’s

Board of Directors since

; 2001, is also currently a
| director of RBC Royal
| Bank of Canada (Bahamas)
| Ltd and‘RBC Royal Bank

of Canada (Cayman) Ltd.

“T am very pleased to
announce that Ross has
replaced me in this key role
for RBC FINCO. He will
provide visionary leadership,
as RBC FINCO continues
in its important role as the
leading provider of home
financing for Bahamians,”
said Mr Feeney.

“T am proud to have wit-
nessed the outstanding
financial performance of
RBC FINCO over the
years, and I look forward to
hearing about the compa-
ny’s continued success.”

“T eagerly accept this new
challenge and look forward
to working closely with the
board as we chart RBC
FINCO’s success moving
forward,” said Mr McDon-

| ald.









@ MEET THE HONOUREES — Long-serving employees of Colinalmperial Insurance Company enjoy a stretch limousine ride.

s

ColinaIlmperial honours
long-serving employees

olinalmperial Insurance Com-

pany has honoured its long-

serving employees who have
given them 25-30 years service.

First, the employees were surprised
by the delivery of flower baskets to
their desks and later, as they were
escorted to a waiting stretch limousine,
fellow colleagues lined up to applaud
and congratulate them.

The employees were then transport-
ed to the French-Bahamian gourmet
restaurant Sun And... by the Monty

GETS YOU



Braithwaite, Colinalmperial’s presi-
dent, and members of the Board of
Directors. Mr Braithwaite congratulat-
ed them and presented them with
plaques of appreciation.

As a token of appreciation, and in
recognition of their contribution to the
growth and development of the com-
pany, each honoree was presented with
share certificates in Colina Holdings
(Bahamas), the parent company of Col-
inalmperial.

Richard Colby, honoree and prop-

Bs

erty manager, said he appreciated the
fact that Colinalmperial honoured their
long-term employees. He said: “We
look forward to being more of a bene-
fit to the company in the future.”

Pomp

Angie Taylor, director of underwrit-
ing, said she found the “pomp and
pageantry” given by the management
and staff at Colinalmperial touching.
“The fact that Colina recognised us for

our years of service and the talent we
bring to the company meant a great
deal to her,” she added.

Pearl Sylvester, manager of under-
writing, said she felt her time at Coli-
nalmperial was well worth it.

Dale Sawyer, claims adjudicator, said
building friendships with the people
she works with has been one of her
greatest joys. “When the staff was out-
side waiting and cheering for us as we
got off the elevator, it made me feel
great and appreciated,” she added.



‘CLOSER TO

+ Vv % aa oe 4%

Open a Scotiabank Home Savings Plan today.
You save a little every month for your home purchase
and we'll top it up with as much as $2,000.





Life. Money. Balance both:

*Trademarks of The Bank of Nova Scotia. Trademarks used under authorization and control of The Bank of Nova Scotia.

at Seotiabank

t Conditions apply. Subject to credit approval











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Volume: 103 No.100

WEATHER





$1.6m court order
impacts Bahamas
Pam esr)
SEE FRONT PAGE OF BUSINESS SECTION





Officially launches his
inenciidaat candidacy for
Bain and Grant’s Town

_ By BRENT DEAN
and TAMARA
FERGUSON

AS A result of years of broken
promises, Rev CB Moss resigned
yesterday as vice-president of the
, Senate, and as a member of the
PLP, during the official launch of
his independent candidacy for the
Bain and Grant’s Town.con-
stituency.

His resignation, and decision to
run as an independent resulted
from Dr Bernard Nottage being
given the PLP’s nomination for
the Bain and Grant’s Town con-
stituency, despite promises that
Rev Moss claims he was given by
Prime Minister Christie.

“By failing to honour the agree-
ment that they themselves pro-
posed, the leadership of the PLP
have exposed themselves as
untrustworthy and that their word
is proven to mean nothing, even
when given to a most prominent
clergyman. This is most unaccept-
able from those who aspire to pro-
vide national leadership. It is per-
haps now easy to see why the
entire social morality of the

Bahamas continues to slide to
depths where leaders now feel

_ comfortable with this level of dis-

trust and deceit,” he said.

Rev Moss’ revolt from the PLP
comes after a long struggle for an
opportunity to represent the con-
stituency under the party’s ban-
ner.

Before the 2002 election, Rev
Moss was given the PLP nomina-
tion for Bain Town. However, the
then FNM government merged
the Bain and Grant’s Town con-
stituencies into one.
Consequently, according to
Rev Moss, Prime Minister Christie

-made him a three-point proposal.

The Prime Minister asked him to
allow Grants Town incumbent
Bradley Roberts to run uno;

as the PLP candidate, in front of
William Thompson, the president
of the Bahamas Baptist conven-
tion. The alleged promise includ-
ed, a Senate seat, the leadership of
the proposed faith based initia-
tive, or urban renewal project and
a nomination for the Bain and
Grant’s Town constituency after

SEE page two

The Tribune

#1 PAPER IN CIRCULATION
he Miami Herald

BAHAMAS EDITION |

WEDNESDAY, MARCH 21, 2007

Annual BMDA New Car

Show Buyer’s Guide
SUPPLEMENT INSIDE TODAY’S TRIBUNE

@ THE family claim that more than a dozen plain clothed
“officers” kicked in this door of their home.
(Photo: Tim Clarke/Tribune staff)

DNA ordered to |

Five-year-old boy killed be taken from
in traffic accident

@ By KARIN HERIG
Tribune Staff Reporter

A FIVE-YEAR-OLD doy: was killed in a two-car ediision yes-
terday afternoon on Carmichael Road — bringing the country’s

traffic fatalities to 10 for the year.

The boy was a passenger in a vehicle driven by his father. He was
not wearing a seatbelt nor was he’ seated in a child’s seat at the time

SEE page nine




















6

NCE BROKERS & AGENTS

ul Henera | bom |
We

Anna Nicole’s
baby daughter

@ By PAUL G TURNQUEST

Tribune Staff Reporter

DNA has been ordered to be }
taken from Anna Nicole’s baby :
girl, Dannielynn, as another dra- ;

_, Matic session in the paternity bat- :
tle over the little girl came to an’:
end in the Supreme Court yes- :

terday.

Dannielyn, the only surviving :
child of Anna Nicole stands to :
inherit almost $500 million from :
the celebrity’s marriage to oil :

tycoon Howard K Marshall.

However the true paternity of
the child is being contested as :
numerous men have emerged :

claiming to be the father.

According to Debra Rose, the :
attorney for Virgie Arthur, the :
estranged mother of deceased :
Anna Nicole Smith, the pro- :
ceedings before Justice Stephen :
Isaacs went “very well” yester- :

day.

SEE page nine

@ PROTESTERS outside of The Tribune yesterday i
(Photo: Tim Clarke) :



PRICE — 75¢



Family claim ‘raid’ was bid to

REAP HED Oey emeuteanae

@ By PAUL G TURNQUEST
Tribune Staff Reporter

A FAMILY is left in shock
today after more than a dozen
plain clothed “officers” kicked
in the door of their home in the
early hours of the morning, and
began to search their home.

According to Pamela
Demeritte, the “raid” of her
home on Meadow Street was an
attempt by officers to reclaim
photographic evidence of the
bruises that officers had inflict-
ed on her son, Akeem Bowleg,
only days earlier.

She told The Tribune that the
officers, who refused to identify
themselves, openly stated that
they were there to find the pic-
tures that they had informed the
Complaints and Corruption
Unit that her family had taken.

Ms Demeritte said that her
son, Akeem, was involved in a
fight with officers who pum-
melled him outside the Light-
house Bar and Grill across from
the Police Barracks.

Since the altercation, Akeem
has been arrested and report-
edly is being held at the Cen-
tral Police Station, allegedly



@ AKEEM BOWLEG -
Pamela Demeritte claimed her
son had bruises afflicted on him
by officers.

accused of “stabbing” an offi-
cer.

Sundeiata Williams, Akeem’s
cousin was also arrested for
“obstruction of justice” for
reportedly asking the officers to
show a search warrant, their
cards of identification, and ask-
ing them: to sheath their
weapons.

Mr Williams said that when
he asked the “officers” whom

‘SEE page nine
Report: shortage

: of Bahamians with

necessary English
and maths skills

: ll By KARIN HERIG

Tribune Staff Reporter
THERE is an alarming short-

| : age of Bahamians with the nec-

~,| } essary English and mathematics



Protest staged against

m@ By ALEXANDRIO
MORLEY

Tribune Staff Reporter

A GROUP of about 15 pro- '
_ | testers gathered outside The
The crowd that had been wait- :
ing since 10am erupted in a cheer :
i quis cease his “terrorist-style”
: writing against the black politi-

Tribune yesterday, demanding
that managing editor John Mar-

cal leadership in the Bahamas.

The group, led by Mr Ricardo : Bahamian male from school is a
: major threat to our society,” the
? report stated.

urged passersby to support the :
protest by honking their car }
: Department of Education in June
Ricardo Smith told The Tri- :

Smith, held up placards that
read “Marquis Must Go.” They

horns.

SEE page nine

| : skills to compete in today’s indus-
: tries.

These are the findings of the

? updated report and documentary
| : “Bahamian
| : Untapped Report”
1 : tion for Education.

Youth: The
by the Coali-

The report found that the
majority of students sitting the

? BGCSE exams achieve only “Ds”
: and “Fs” in the critical subjects of
: English and mathematics.

Tribune managing editor.

: dents are achieving acceptable
: grades.

Further findings also indicated
that fewer and fewer male stu-

“The disengagement of the

A follow-up to the report,
which was submitted to the

2005, the new document released

SEE page nine

ae behind the Outback aa aaa near the PI ee
Open Monday - Friday 10:00am to 4:00pm - Saturday 10:00am - 2:00pm
Telephone 242-394-4111 * www.bahamahandprints.com
PAGE 2, WEDNESDAY, MARCH 21, 2007 | THE TRIBUNE — 2;-,
i | ° | RevCB Moss ~

zo : aos

CV OSS NUS OUT AT women

. Mr Roberts retired within two and , “

@REVC MOSS









IN FOSTERING
favouritism and nepotism, the
PLP “want to maintain a
clique of family members and
their offspring as the ruling
class, while everyone else is
placed in the servant class.”

This statement was made
by Rev CB Moss on
announcing his indepéndent
candidacy for the Bain and
Grant’s Town constituency
yesterday morning. ~

Rev Moss levelled further
harsh criticisms against the
PLP, and its candidate for the
Bain and Grant’s Town con-

stituency, Dr Bernard Not-
tage, whom he said’had once
abandoned the party, while
he Rev Moss, “stood tall and
firm as a PLP.”

Candidates

“Indeed, it was this same
Bernard Nottage who, seek-
ing greener pastures, aban-
doned the PLP, formed his
own party — the CDR - and
mercilessly attacked and vil-
ified the PLP. He also ran
candidates against the PLP
in many constituencies,
including Bain and Grant’s
Town in the last elections. It

was this same Bernard Not-
tage who, again seeking
greener pastures, abandoned
the CDR and rushed back to
the PLP, leaving faithful
members of the CDR in the
wilderness. And now this
same Bernard Nottage, once
again seeking greener pas-
tures, hopes to ease through
the back door of Bain and
Grant’s Town, which they
describe as a safe seat — a
move which he hopes will
propel him to the front lines
of power once again,” he
said.

According to Rev Moss,
the actions of the PLP lead-
ership in giving Dr Nottage

BOUBLE CROSSED... AGAIN









PLP, Dr Bernard Nottage

â„¢ By BRENT DEAN

promised it to him, is “clear-
ly nothing short of disre-

erous.”
In allegedly breaking a

moting a “might makes right”

for some other less deserv-
ing person.”

Rev Moss also noted that,
as a result of the promises,

he alleges were made, but

were not kept by the Prime ; the PLP, to smear my reputation —

Minister to give him the Bain ; With a view to intimidate me and
and Grant’s Town PLP nom- ; ‘© lessen my attraction to the vot-
? ers of Bain and Grant’s Town, and

i the wider Bahamian society,” he
; ? said.
of a person, especially at the :

ination, a message is sent to
the country “that the word

pinnacle of leadership in the

ed to mean anything.”

Attempts to reach Dr Not- i

tage were unsuccessful up to } : ; :
press time. However, Dr Not- } ended ee Hie an
tage has previously stated ¢ “ORY e eae

that he wished for party i about who they wish to represent
accord, regardless of who : Bain and Grant’s Town in the
? House of Assembly. Soon the vot-

“Each of us as members of }
the party will have to submit :

ourselves to the decision of :

won the nomination.

: a half years of the 2002 election.

Two of these alleged promises

: were not honoured as Rev Moss

was never appointed to lead the
urban renewal project and Mr
Roberts ‘served his full term —

instead of the promised half term
— at the request of the Prime
the nomination, after having :
g : of Rev Moss, had been given the

: PLP nomination for the con-

? stituency for the May el :
spectful, abusive and treach- : ai lired ae pits

: Minister. Now Dr Nottage, instead

“This repudiation of a sacred

? agreement is nothing short of a
; betrayal of monumental propor-
promise to him, Rev Moss :
stated that the PLP is pro- }
? however, is that I have been a
? most loyal, dedicated and hard-

culture where loyalty, hard :

wok and dedication mean ; Working PLP.”

ae Bae as ocak of his decision, he now expects

tions,” said Rev Moss. “What
makes this action most egregious,

_Rev Moss stated that as a result

“character assassins” to take aim

? at his reputation.

“I am aware that attempts will

i be made to discredit me. Indeed
: efforts have already beén made,

reportedly initiated from within

Rev Moss also challenged all

1 } those who wished to challenge his
nation, should not be expect- :
? him at a press conference at noon ,

reputation and integrity to meet
in Rawson Square.
The new independent candidate

“The PLP has had their say

ers of Bain and Grant’s Town will
have their say, and the people’s
say is the real say. I feel confident



the party. I am prepared to : that the-people of Bain and * -*-
do that and I trust that he is. | Grant's Town will not joinin =, ~
So, my hope is that once a : league with covenant breakers. -
decision has been made, that : Pethaps the Bain and Grant’s —'!v{
; : : : Town constituency will be the
both of us will abide by the : unsuspecting reef upon which the =
wishes of the party. I wish : p_p ship will be wreck 2
. him very well. If he gets the : Rev Moss’ candidacy createsa~ —
ae nomination in Bain and : three-way race with David Jor- net
2 er Grant’s Town, I am prepared : dine of the FNM and Dr Bernard Gn
Poa LTR rie to support him. And, I hope ; Nottage of the PLP. As Rev Moss fet
eS that if I get the nomination, ; Wasa former member of the PLP, ee)
i he is prepared to support : it is possible that the PLP vote aa
— 4 me.” he said. i may be split, in a PLP stronghold “rae
Awe ss In the wake of Rev Moss’ ; tat was wor by the party bymore _
: :? than 1,400 votes in the last gener-
remarks about him and the : aj election. chan
PLP, it is likely, that Dr Not- : Attempts to reach PLP chair- Y poke
tage will be less cordial in his : man, Raynard Rigby, for com- rangt
future public remarks about } } Ment were. supe teer eu mE to i012
Rev Moss. ; ; press time. fap
: are
‘ e e Vath
Attorney in Cordell Farrington case
"a-Vas lS
' Dov ase
saa almost banned from Court of Appeal
At | | on
if hed Mt d @ By ALEXANDRIO MORLEY read the rules and understand them, and know sh
4 re Tribune Staff Reporter how to apply them,” Justice Dame Sawyer said. wot?
. LIMITED <= “In the meantime,” she said, “you are removed
THE young attorney involved in the Cordell from this particular case unless his family pays v4
Farrington case was almost banned from appear- YOu.” s : on
ing before the Court of Appeal yesterday. Jamaal Robbins, 22, was murdered in 2002 by “voR?
: Cordell Farrington’s counsel, Romana Far- Sie 7 ou Cae ae re oe re ae og
+ uharson, had attempted to apply for an exten- Of Killing four Grand Bahama school boys. ‘The et
g RETAIL OPERATIONS CONSULTANT a of time, BE Court of Anpealeiadent Jus- Skeletal remains of all five victims were found gf
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Dame Joan also said that Ms Farquharson had
not filed the appropriate documents with the
court to support her application.

“There is no rudder by which you can guide this
ship, because you have not created one. Your
rudder should have been created when you
realised that you were out of time,” Dame Joan
said.

“J instructed the registrar, in my hand writing,
not to appoint you as Crown brief and if you
have been paid by his family so be it, but if you
have not been paid you will not be appointed his
Crown brief.

“T was minded to ban you from this court, nev-
er to have you appear here again until you learn
how to conduct yourself as counsel; until you
learn the process of the court; until you learn to

murder in August 2006 and: :was given the death
sentence.

He is due to be tried toh ‘tthe murder of the
other four boys later this year.

During the trial, Farrington told the court how
he had murdered his former lover in Grand
Bahama. He then asked the young man’s family
for forgiveness.

He gave the court an unsworn statement, say-
ing the events of the day that he murdered Rob-
bins have haunted him in prison for the last three
years.

He said he wished things had ended different-
ly and that had he had a little more control, Rob-
bins would have been alive today.

Yesterday, Dame Joan said the court would
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the matter down for a hearing in June.

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THE TRIBUNE

WEDNESDAY, MARCH 21, 2007, PAGE 3



aPC nose CTS ee
Mayaguana island ‘on brink of



Police form
intelligence
bureau to fight
global crime

THE Royal Bahamas Police
Force has begun the task of
forming a National Intelligence
Bureau in an effort to the com-
bat global crime.

Commissioner of Police Paul
Farquharson made_ this
announcement at police head-
quarters on Monday while
announcing the restructuring
and expansion of the police
force.

Mr Farquharson said that it is
apparent that the police’s
involvement in the fight against
global crime must become bet-
ter organised and supplied with
better resources.

“As time passes, there is a
real threat that international
criminals may forge liaisons
with the criminal elements in
our islands.

“It is therefore clear that this
process to organise our intelli-
gence gathering capacity on a
multi-agency basis must be has-
tened and must quickly be
brought into full international
affiliation. We are committed
to this,” he said.

At the moment, the only
intelligence organisation in the
Bahamas is a unit of Interpol —
the International Criminal
Police Organisation.

It is located in Church House
in New Providence and works
in close association with the
police, Mr Farquharson said.

Veteran official
is appointed
deputy
governor

lH PUERTO RICO
San Juan

THE British Virgin Islands
appointed a veteran civil ser-
vant as deputy governor, the
second-highest position in the
self-governing territory, accord-
ing to Associated Press.

Elton Georges, who previ-
ously served as the No 2 offi-
cial in the British Caribbean ter-
ritory from 1983 to 2003, came
out of retirement to replace for-
mer Deputy Governor Dancia
Penn, who announced her res-
ignation in November.

Gov David Pearey said
Georges will help him oversee
the islands’ affairs until a per-
manent appointment is con-
firmed, likely before the end of
the year.

Georges will help run the civ-
il service in the island chain of
roughly 22,000 residents and
perform the functions of Pearey
when the governor is absent.

Report calls
for limited

use of former
bombing range

@ PUERTO RICO
San Juan

THE US Fish and Wildlife
Service called Friday for
increased efforts to restore
wildlife habitat on the former
Navy bombing range on
Vieques island and recom-
mended limited tourism on the
site to protect the habitat,
according to Associated Press.

After years of protests, the
US Navy closed the 14,500-acre
training range in 2003 and hand-
ed it over to the Fish and
Wildlife Service. Workers con-
tracted by the Navy are now
clearing unexploded bombs,
rockets and other munitions
under Environmental Protec-
tion Agency oversight — a job
that could take as long as a
decade. The current phase envi-
sions clearing 1,100 acres (445
hectares).

The draft plan released Fri-
day said its proposals are based
on the assumption that conta-
minated areas will be cleared. It
emphasises wildlife conserva-
tion on the refuge but also
approves of activities including
hunting, fishing, kayaking and
wildlife photography, in part to
encourage the local ecotourism
industry.

The refuge occupies the east-
ern half of Vieques and features
hilly green terrain, placid beach-
es, tidal pools and crystalline
waters.

About two-thirds of the site is
currently closed to the public
because of the unexploded ord-
nance.

“<< TROPICAL
-EXTERMINATORS

Pee UE
‘PHONE: 322-2157



THE southern island of
Mayaguana was said to be “on
the brink of civil unrest” yes-
terday as residents accused MP
Alfred Gray and the local com-
missioner of gross political vic-
timisation.

Five islanders are claiming
they were dismissed from their
jobs because of their links with
the FNM. And a mother-of-
five was allegedly told by Mr
Gray that she had no chance of
employment unless she sup-
ported the PLP.

Up until press time, Mr
Gray did not return The Tri-
bune’s calls to comment on the
issue...

The grim spectre of the Pin-
dling era, when victimisation
was rife in the Family Islands,
has returned to haunt voters
in the run-up to the election, it
is claimed.

Mayaguana’s commissioner,
Samuel Miller, is accused of
being a tyrant who - though a
civil servant — openly cam-
paigns for the PLP.

Islanders say the former taxi-
driver “acts like Papa Doc”
and discriminates against any-
one who has associations with
the FNM.

But a resident warned:
“Things are heating up and
people are not going to take
this kind of thing anymore. I
have tried to calm them but I
fear a riot will happen if things
don’t get better.”

Disgruntled residents say Mr
Gray and Mr Miller are hand-
ing out jobs indiscriminately
to PLP supporters in the run-
up to the election. A known
drunk, they say, has been put
on the government payroll for
“doing nothing all day but
drink rum and smoke pot.”

“Everybody who supports
the PLP gets something dumb
to do,” a source told The Tri-
bune.

“One guy gets $200 just for
riding around with the com-
missioner.”

The source added, however,
that known FNM supporters

He

@ ALFRED Gray has been accused of political victimisation

were being fired from the I-
Group resort development





there “to fall in line with the
PLP’s wishes.”



unrest’ over victimisation claims

“As far as we are concerned,
the I-Group are in league with
the PLP in victimising people,”
said the source.

One woman, Samantha Col-
lie, was allegedly told flatly by
Mr Gray that she would not be
able to get a job on the island
because she is an FNM sup-
porter.

And another said she was dis-
missed from an J-Group con-
struction job by foreman
Ramadan McKenzie because of
her FNM associations.

A source said: “Losing a job
causes real hardship here. This
is a place where you catch crab
or die. Mayaguana is being run
like a dictatorship. People are
afraid to say anything.

“But they aren’t taking it any-
more. They are threatening civ-
il unrest, 60 or more of them,
and I think it could become a
riot.”

Mr Miller could not be con-
tacted up to press time last
night, as the phone lines into
Mayaguana seemed to be down.

FNM accuse Rigby of misrepresentation

RAYNARD Rigby is
defending “the indefensible”
when he argues in favour of
the policies of the ruling party,
according to the FNM.

The opposition was respond-
ing to a statement issued by
the PLP chairman over the
weekend, in which Mr Rigby
accused the FNM of making
senseless critiques of the ben-
efits that have ensued to the
Bahamian economy under the
PLP’s anchor project econom-
ic strategy.

However, the FNM said that
the PLP’s willingness to “mis-
represent the facts to the
Bahamian public is both per-
sistent and alarming” — and is
carried out in the face of easi-
ly verifiable facts.

Mr Rigby had said that there
has been no significant sale of
land from Bahamians to non-
Bahamians under the PLP gov-

ernment as compared to any
other period in the country’s
development.

“In fact it is the public
record that it was the decision
of the FNM to repeal the
Immovable Properties Act and
replace it with the Interna-
tional Persons Landholding
Act (IPLA) which allowed the
floodgates to open wide,” Mr
Rigby said.

The FNM said, however,
that it is an undeniable fact
that the PLP has presided over
the sale of thousands of acres
of Bahamian land to foreigners
throughout the Bahamas, par-
ticularly through its anchor
projects.

“These thousands of acres
of land sales represent more
than $600 million over the last
four years according to statis-
tics from the Central Bank of
the Bahamas. Furthermore in

direct contradiction to what
Mr Rigby says, former minister
of financial services Allyson
Gibson has boasted that the
PLP has sold more land to for-
eigners than the FNM.

Purchases

“During the tenure of the
FNM, more Bahamian land
was purchased from foreign-
ers by Bahamians than land
purchased by foreigners from
Bahamians. The statistics on
this were presented by former
prime minister Hubert Ingra-
ham in parliament where the
record stands today,” the FNM
said.

According to Mr Rigby, the
passage of the IPLA was cen-
tral to the FNM’s economic
and land use policies, but it
failed to empower Bahamians

in any meaningful way.

Under the International Per-
sons Landholding Act (IPLA),
non-Bahamians are able to pur-
chase up to five acres of land
for residential purposes, with-
out seeking the prior approval
of the government.

In addition, the IPLA
removed the statutory authori-
ty that existed under the
Immovable Properties Act for
the government to impose con-
ditions, such as the requirement
for non-Bahamians to construct
an edifice or develop the land
within a specified period of time
and to levy penalties for non-
compliance.

“As a result of the passage of
the IPLA, many non-Bahami-
ans were able to speculate in
Bahamian real estate... The
repeal of the Immovable Prop-
erty Act opened the floodgates
to non-Bahamian acquisition of

land throughout the Bahamas,”
the PLP chairman said.

But, the FNM said, notwith-
standing the misleading nature
of the notion that the IPLA
caused speculation in Bahamian
real estate, the fact is that the
PLP has been in office for the
last five years. =. +

“If they truly believed that
the IPLA was harmful to
Bahamians and that the Immov-
able Property Act was helpful,
then why did they not repeal
the IPLA and replace it with a
new Immovable Property Act?

“Either the PLP was incom-
petent in fixing a problem they
said existed or it was impotent
to do anything about it, which is
absurd,” the FNM said.

Mr Rigby said that the anchor

resort strategy has played an,

important role in the present
economic realities of the coun-

since abet bey shah dvan ussunesScives Gases basdeutianstte dua de eta an sates cas Cavateb dss su cous cede c asst cut oheucp odes athe dav act URNS seta cae cas e@esues doutwacss Miaka Atiecaden ooites GuNea east cusetesaeoudees pias sae tat wsepaetsbor seueuias aster ahev tel va aaseoiashat erste nests caetatek sees oveeticiasbiscoeeneierceasre Wis.

for the necessity of reparations

COB lecturer argues

@ By ALEXANDRIO MORLEY
Tribune Staff Reporter

REPARATIONS ought to
be paid for the injustices suf-
fered during slavery and colo-
nialism according to Dr Thad-
deus McDonald of the College
of the Bahamas.

Dr McDonald, the dean of
social sciences at COB, said
that the issue of reparations in
the Bahamas — and the world —
is not one of black versus
white, but rather a matter of
justice and humanity.

Calls for the payment of
reparations have a great deal
of support in the United States.
Proponents of this movement
suggest that the government
apologise to the descendants
of slaves for their ancestors’
hardships and offer some form
of repayment — whether it be in
the form of money, land, or
other goods.

There is also a newer move-
ment to secure reparations,
particularly from ex-colonial
western powers, for Africa and
African nations.

a

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Financing Available Through
Commonwealth Bank

The demand for reparations
has also been debated in the
international arena. Haiti has
filed a lawsuit against France
for restitution of the 90 million
gold francs paid to France in
1825. Jamaica has filed a suit
against the Queen of England.
In Namibia the Herero people
have filed against Germany. In
South Africa, victims of
apartheid have filed suit against
corporations that profited dur-
ing the apartheid regime.

And in the US, lawsuits
against 19 corporations are still
pending in the Federal District
Court in Chicago, Illinois.

The proponents of repara-
tions argue that there are legal
precedents which support their
claims.

Under the Civil Liberties
Act of 1988, the US govern-
ment apologised for Japanese-
American interment during
World War II and provided
reparations of $20,000 to each
survivor, to compensate for
loss of property and liberty
during that period.

Native American tribes have

received compensation for
lands ceded to the United
States under various treaties.

And with respect to the Jew-
ish holocaust, a reparations
agreement between Israel and
West Germany was signed on
September 10, 1952 and entered
into force on March 27, 1953.

According to the agreement,
West Germany was to pay
Israel for the slave labour and
persecution of Jews during the
holocaust and to compensate
for Jewish property stolen by
the Nazis.

However, the-principal argu-
ment against reparations is that
the cost would not be imposed
upon the perpetrators of slavery
nor confined to those who can
be shown to be the specific indi-
rect beneficiaries of slavery, but
would simply be indiscrimi-
nately borne by taxpayers.

In an exclusive interview
with The Tribune, Dr McDon-
ald said that black Bahamians
should receive some sort of
compensation.

“When you look at the his-
tory of the slave trade, I can

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forgive, but I cannot forget,”
Dr McDonald said.

“But with forgiveness comes
some sort of repayment and
when you look at the whole
notion of enslavement and
reparations you don’t even have
to look at it as a black issue or
white issue, because its a human
issue. I’m not asking for money
per se, but money is a part of
the compensation,” he said.

Asked if black Bahamians
should be paid money, Dr



McDonald said: “The problem
is that some of us are looking
for a quick fix. You cannot
solve 500 years of injustice in
five or 10 years, but some plat-
form has to be developed.”

“Because of the servitude
that we have been through and
the denial of our basic rights,
we are far behind and we need
to catch up, and the only way
that can be done is by assisting
and developing the inner com-
munities.”



Established in 1956 by an old Bahamian family

Parliament Street (near Bay St.) Tel: 322-8393 or 328-7157.
° Fax: 326-9953

Crystal Court at Atlantis, Paradise Island Tel: 363-4161/2



Lyford Cay (next to Lyford Cay Real Estate in
Harbour Green House) Tel: 362-5235



e-mail: www.colesofnassau.com ¢ P.O. Box N-121


PAGE 4, WEDNESDAY, MARCH 21, 2007

eee ne
EDITORIAL/LETTERS TO THE EDITOR





















The Tribune Limited

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

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

SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G.,
(Hon.) LL.D., D.Litt.

Publisher/Editor 1919-1972

Contributing Editor 1972-1991

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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

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



Adderley in his own words

WE APOLOGISE to Mr Paul Adderley
and our readers for commenting in this col-
umn yesterday on a letter, written by Mr
Adderley, but failing to publish his letter on
the same page. Letter and commentary were
supposed to be published in The Tribune on
the same day and on the same page. Howev-
er, the commentary was published yesterday
without the letter to which it referred.

The mix-up was a miscommunication
between editors, which can happen even in
the communications business. Anyway, the

‘ letter is published on this page today. The

response to it was published in this column
yesterday.

In yesterday’s column we assured Mr
Adderley that at no time did we wish him
dead. However what we had written in the
March 14 column to which Mr Adderley
objected was that race would only cease to be
an issue in our elections when “time’s winged
chariot” arrives and departs with the Adder-
ley generation on board. Mr Adderley said as
much in the House of Assembly in 1993
when, in an exchange of words with House
Leader Algernon Allen, he remarked: “You
will have to kill me to stop me from calling a
dirty racist, a dirty racist,” adding: “I will be
dead before I stop calling a racist, a racist.”

In his letter he refers to a statement we
made in the March 14 editorial about a dona-
tion to the PLP. “It is not for me to say
whether Mr Kerzner made a donation to any-
body,” Mr Adderley writes, “but apparently
somebody gave this information to The Tri-
bune. So says the editor.” —

That somebody was Mr Adderley himself
in a speech he made on political reform in
1988. Obviously, he has since forgotten his
remarks. But it was he who said that Sun
International (now Kerzner International)
had made a $50,000 donation to the PLP’s
election fund. He then wondered out loud
how much must have been given to the FNM
government if $50,000 had been given to the
PLP, which was then only the opposition.

He accused 'Sun of trying to influence an ©

election. It was that off-the-cuff remark that
sent a Tribune reporter to find out how much
Sun had in fact given to. the FNM govern-
ment; only to discover that the FNM received

- nothing, because it had asked Sun for nothing.

We also discovered that Sun had not gone
looking to give anyone a donation to interfere
with any election. It was the PLP who had
made the demands on Sun. Mr Adderley



If you see this lovely young lady

around town,

her phone,

called an attempt by a foreigner to interfere
in local elections, “obscene.” This comment
was obviously intended for his own not-so-
innocent PLP, who had courted that inter-
ference.

However, an ‘item not dealt with in yes-

terday’s editorial was the reference to Mr |

Adderley’s threatening 1996 letter to Mr Sol
Kerzner, who was then a new investor to the
Bahamas.

On March 14 we wrote: “These were the
same Kerzners who Mr Adderley warned
not to enter into any agreements with the
FNM government, because as soon as the
PLP came to power, he said, all agreements
would be rescinded.

“There are good reasons,’ Mr Adderley
told the House of Assembly in 1993, ‘that
they (the FNM government) ought not to
deal with Sol Kerzner.””

Mr Adderley’s three-column letter is much
too long to reproduce in this space, but these
short excerpts will suffice. After condemning
the Atlantis agreement, and Sol Kerzner for

taking advantage of the Bahamas’ inexperi-
enced prime minister, Mr Adderley wrote:
“If you hold my Prime Minister to this
agreement you stand to risk having to rene-
gotiate it in 1997, one year before it comes
into effect and after you will have spent or
committed most of your company’s $300m...

“No successor government likes to con-
template having to renegotiate its predeces-
sors’ agreement, even bad agreements par-
ticularly with foreign investors. But this agree-
ment is so bad, so exploitive...

“Renegotiate now! That is your only
hope...”

Although Mr Adderley denied that he
had threatened Mr Kerzner — saying that
his letter had been discussed “by all the PLP
leadership” and presumably approved —
when asked what type message the letter sent
to foreign investors, Mr Kerzner replied:

“What do you think? I don’t have to tell
you that... One does not have to be a rocket
scientist to figure out the message it sends to
foreign investors.”

Mr Adderley’s letter was sent at a time
when the newly elected Ingraham govern-
ment was trying to resurrect this country
from the shambles it had inherited from the
PLP’s 25-year administration and get
Bahamians back to work.

Today, the Bahamas would not know what
to do without the Kerzner investment.











Paul Adderley
response

THE TRIBUNE



to editorial

EDITOR, The Tribune.

IF YOU had not expressed
your wish for my death in the
last paragraph of your Editox
ial of March 14, 2007 entitled
“Rebutting Adderley’s Racism
Charge” (which you failed to
honestly do), I probably would
not have written this letter.
That would have been a mis-
take.

Firstly you state that I did
not know that neither the
FNM nor PLP regard race as
an issue. If you would read The
Tribune of March 13th page
nine reporting on Gem’s 105.9
“Tell It Like It Is”, an article by
your Chief Reporter Mr Mis-
sick accurately reports me as
saying “— the majority of PLP
I think have put the racial issue
behind them —”. I do not
think that you were deliber-
ately lying on me, you just do
not read The Tribune.

Secondly, the next five inch-
es of your Editorial you devote
to, according to you, the colour
of money which you say is
“black and white” and the
Kerzner donation to the PLP
and FNM. It is not for me to
say whether Mr Kerzner made
a donation to anybody, but
apparently somebody gave this
information to The Tribune.
So says the Editor. But in my
comment I made no reference
to “black or white money” or
the Kerzners. You did write
that I said that the PLP would
rescind all agreements and
“that they (the FNM Govern-
ment) ought not to deal with
Sol Kerzner”. Wrong again on
all counts. The record will
show that I never said that the
PLP would rescind all agree-
ments and that the FNM ought
not to deal with Sol Kerzner.
Indeed the opposite was the
case. I said in 1966 that the
FNM ought to renegotiate
their agreement with Mr
Kerzner. That is the truth,
Madam Editor. Let’s say that
this time you forgot. —

You accuse me of being a
racist. This I am not. But I
understand why you think that
Iam. I think I know who I am
and I would like every black
Bahamian to be proud to be
black and proud, the inheritors
of a rich and noble heritage
here. “We need to understand
fully that the history of black
people in The Bahamas is not
simply about understanding
slavery or discrimination, that
black Bahamians have a rich






Poe BB ays

letters@tribunemedia.net

and exciting cultural and social
history which must be known,
embraced and remembered by
all Bahamians.”

Unless you think I am a hyp-
ocrite I mean it when I say as
The Tribune’s Chief Reporter
reported accurately that the
colour of the FNM Deputy
Leader was irrelevant and his
unfitness to be Prime Minister
has nothing to do with his
colour; at the same time The
Tribune reported that I said
that I would have no problem
with a white Prime Minister
like Mr Seaga in Jamaica
which is the proudest
Caribbean country of their her-
itage.

I do not think my proposi-
tion is as stupid as you think,
because there are hundreds of
white Bahamians who vote
colour not party or interests.
Ask any one of your white
friends who vote colour still

who were discriminated against
by the Bay Street boys but who
prospered under the PLP but
would never vote PLP.

I have never heard of what
you call “Adderley’s logic”,
and never seen the thought in
print even in The Tribune. I
am sorry you are wrong again.
What you are thinking about is
“Adderley’s Law” when I was
Minister of Education when I
said I wanted no child to go
from Primary School to Sec-
ondary School without being
able to succeed at Mathematics
and English. I thought that was
a good idea, but you never sup-
ported it.

Fortunately for me, you will
have no control over my death
when “time’s winged chariot”
comes for me, which as you
said in your Editorial you look
forward to.

PAULL
ADDERLEY
Nassau,
March 15, 2007.
e SEE EDITORIAL
THIS PAGE

Govt ‘continues’
to ignore the law:

EDITOR, The Tribune.

THIS PLP Government continues to ignore the law.
The Constituencies Commission made its report to,
the Governor General last week Wednesday, March 14,

2007. This is more than four months after the date

which the Constitution required the report to have been

given.

Article 70 of the Constitution of The Bahamas is very
clear. It states that the Constituencies Commission

shall:

at intervals of not more than five years review

the number and boundaries of the constituencies into
which The Bahamas is divided and shall submit to the *
Governor General a single report either-

(a) stating that in the opinion of the Commission, no!

change is required; or

(b) recommending certain changes and the Goveran
General shall cause such report to be laid before the .
House of Assembly forthwith.”

It means that the Constituencies Commission must
review and make a report not more than five years after
the last report was made by the Constituencies Com- ,
mission. The last report of the Constituencies Commis-
sion was made on November 7, 2001. If it had complied
with the requirement of Article 70, the Constituencies -
Commission should have made its report by November:
7, 2006, more than four months ago.

The Government cannot be permitted to continue to:

ignore the law.

During its term in office, this Government ignored
the requirements of the Judges Remuneration and Pens
sions Act and failed to appoint a Commission to review
the remuneration of Justices of the Supreme Court an
the Court of Appeal in 2003 and not until November, »

2006 after great public outcry. Of this Senior Justice

Anita Allen said “the government’s failure in this

regard is egregious and a potentially serious threat to

the health of judicial independence i in The Bahamas”.
The Bahamas cannot continue to have a government ,

that simply ignores the law.

MICHAEL L BARNETT

Nassau,
March 18, 2007.

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THE TRIBUNE

WEDNESDAY, MARCH 21, 2007, PAGE 5



EEE
Calls for prosecution after fort

remains destroyed by bulldozer



In eee

Investors say
Dominican
Republic
ignored warning

@ DOMINICAN REPUBLIC:
Santo Domingo

FOREIGN energy
investors said on Friday that
they warned the Dominican
Republic it had to mend its
crippled power sector months
before filing a US$680 mil-
lion lawsuit against the coun-
try for lost electricity revenue,
according to Associated Press.
‘ Los Angeles-based TCW

-Group Inc. advised Domini-
‘ean officials in May 2006 it
would sue if immediate steps
were not taken to curb ram-
‘pant electricity theft and raise
customers’ rates, according to
, Blair Thomas, head of the fir-
m’s infrastructure and energy
, business.
. “We’re a business where
‘half of our users steal from
us... and the government
“watches it happen,” Thomas
‘told Associated Press by
“phone from Australia, where
“he was travelling. He said the
-Caribbean nation’s govern-
“ment was “well briefed”
before the suit was filed.
'. TCW, which is owned by
.France’s Societe Generale,
filed for arbitration at the
close of business Thursday
under a Dominican-French
bilateral investment treaty.

The claim for lost revenue
dates back to 2004, when
TCW bought half the distrib-
ution company that powers
six southeastern Dominican
provinces and much of the
capital of Santo Domingo.
~The other half is owned by
‘the state-run electric compa-

ny.

Guyana passes
bills to boost
security for
‘World Cup

B@ GUYANA
Georgetown

GUYANA’S Parliament
has passed three bills to
strengthen security for the
cricket World Cup, including
‘one giving foreign agents spe-
cial protection under local
laws during the seven-week
tournament, according to
Associated Press.

The South American
nation’s security legislation
was passed late Thursday in
the 65-member House with
few objections from opposi-
tion benches, Interior Minis-
ter Clement Rohee said Fri-
day.

Under the so-called “Vis-
iting Forces Bill,” foreign
agents will form part of a spe-
cial regional task force to pro-
tect against security breaches
during the sport’s biggest
event. Some of the interna-
tional agents, including bomb
detection experts from India,
are following specific teams
from venue to venue.

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WEDNESDAY,
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8:00 Bahamas @ Sunrise

9:00 Bullwinkle & Friends

9:30 King Leonardo

10:00 International Fit Dance °
10:30 Real Moms, Real Stories,





























Real Sawy
11:00 Immediate Response
noon ZNS News Update

12:05 Immediate Response Cont'd
1:00 Legends: King Erisson
2:00 Island Lifestyles

2:30 Turning Point

3:00 Paul Lewis

3:30 Don Stewart |

4:00 The Fun Farm

5:00 ZNS News Update

5:05 —_ Battle of The Brain

5:30 The Envy Life

6:00 A Special Report

6:30 News Night 13

7:00 Bahamas Tonight

8:00 Introduction of PLP
Candidates

Caribbean Newsline
News Night 13

11:00 The Bahamas Tonight
11:30 Immediate Response
1:30am Community Page 1540AM

NOTE: ZNS-TV 13 reserves the
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10:00
10:30



m By ALISON LOWE
Tribune Staff Reporter

NASSAU is losing its historic
assets one by one it has been
claimed — after the remains of a
Loyalist military outpost were
demolished in what has been
deemed a tragic act by a “trig-
ger happy bulldozer”.

Outraged conservationists
have called for criminal prose-
cution over the incident.

All that remained of the Old
Southern Battery — also known
as Fort Frasier - on Cowpen
Road, were the cut stone foun-
dations which, in the 1790s,
formed the basis of a wooden
structure that historians have
determined was used as an out-
post for Loyalist soldiers keep-
ing watch for pirates and other
marauders across the South
Beach area.

Nonetheless, it was listed in

1991 by the Bahamas National
Trust (BNT) historic preserva-
tion committee and the
Department of Archives, head-
ed by Dr Gail Saunders, in a
register of sites of historical
importance.

The owner of the property
had been in the process of nego-
tiating to have it turned over to
the Monuments and Antiqui-
ties Commission when it was
unexpectedly bulldozed last
week by an individual clearing
the area.

The elderly owner's son
Simon Rodehn, extremely dis-
appointed that a historic asset
has been lost and his father's
property destroyed, has spoken
out about how it appears to be
all too easy for individuals to
randomly employ heavy
machinery such as bulldozers
across New Providence.

Mr Rodehn described how

his father first purchased 10
acres of property on Cowpen
Road in the 1960s specifically
to obtain legal ownership of the
Old Southern Battery.

"He wanted to own it and
preserve it," said Mr Rodehn.

In years that passed, his
father sold off most of the sur-
rounding land, but made a point
of keeping the plot on which
the 20 by 30 foot foundations
stood.

History

Officials from Antiquities and
Monuments — before it was
named such — were called in to
investigate the site and discoy-
ered numerous artifacts, includ-
ing pottery dating back to the
Loyalist era.

Further research at the
British Museum confirmed that



RDBF detains large
group of Haitians

@ By ALISON LOWE
Tribune Staff Reporter

A GROUP of 195 undocu-
mented Haitians arrived into
the capital yesterday after being
collected by a Defence Force
vessel from Little Farmer’s Cay,
where they were being detained
by locals after their boat ran
aground on a nearby sand bar.

Having witnessed the scene,
residents of Little Farmer’s Cay
went out to the vessel to assist
the stranded people, according
to a statement from the RBDF
public relations department.

Shortly after, locals contacted

the RBDF, and officers from
the force, along with immigra-
tion authorities, were dis-
patched to collect the immi-
grants.

According to a spokesperson
for the RBDF, their boats
reached the island Monday
afternoon.

Defence Force officers
remained on the island for the
night, returning yesterday with
the Haitians onboard at around
5pm.

This latest detainment brings
the number of Haitian migrants
intercepted by the RBDF so far
this year to 682.

Jitneys blamed for
lateness at school

@ By DENISE MAYCOCK
Tribune Freeport Reporter

FREEPORT — Concerns
have been raised over the per-
sistent tardiness of many stu-
dents at the Eight Mile Rock
High School who ride the jit-
neys in the morning.

A concerned resident of
Eight Mile Rock reported that a
large number of students are
getting to school after 9.30am
because they will only take cer-
tain buses.

The resident said many stu-
dents refuse to take a jitney
unless it is playing loud music
and has DVD monitors — even
if it means getting to school late.

“This is totally unacceptable,”
said the source. “I have seen
students on the bus stops wait-
ing to be picked up around
9.30am by the jitneys.”

School principal Sheryl Camp-
bell admitted that there is a tar-
diness problem among those stu-
dents who have to catch buses
from the West End, Holmes
Rock and Freeport areas.

Ms Campbell said that two
buses are contracted to pick up
students from West End and
Holmes Rock. The bus drivers
usually call to notify the school
when they are running late.

She said the students who live
in Freeport can take the free bus,
which makes one trip leaving at
8am for the school. Others catch

individual jitneys to school.
Although the buses some-
times run late, Ms Campbell

" said that bus drivers are not

always at fault.

She noted that at one point in
the past, there was a bus short-
age and some buses had to make
two trips to pick up students.

“The problem has been
addressed now and we believe
that a significant number of the
students are just lazy and not
getting up early to get to the
bus stops at a reasonable time,”
she said. ;

She believes that the change
to daylight savings time has also
contributed to recent late arrivals.

She said that most of the stu-
dent body arrive for school on
time, at 8.45am. Students arriv-
ing late three consecutive times
are placed in detention.

The source said that the school
needs to inform parents because
many of them are not even
aware that their children are
arriving late. “We were so con-
cerned about the situation that
we went around and spoke to
some of the parents. And while
some seemed to give lame rea-
sons, others were not aware that
their children were reaching to
school late, so the school needs
to communicate with parents.”

Ministry of Education offi-
cials in Freeport could not be
reached for comment up to
press time.





Colors:

Brown
moe

at

it was indeed the Old Southern
Battery, one of Woodes Rogers’
series of forts on New Provi-
dence.

However, all this history has
now been lost as the property
has been recklessly destroyed.

"One by one you lose these
things at a time when other peo-
ple in the world are preserving
them and restoring them," said
Pericles Maillis, conservation-
ist and past president of the
BNT

Although praising the BNT
and the Antiquities and Monu-
ment Committee for their work
in preservation, Mr Maillis said
that these organisations are
sometimes overwhelmed by
members of the "public, busi-
ness community and developer
community" who may have oth-

. er interests.

"At some time we're going
to have to have an ethic and if

Bahamians claim to love their
country then loving its historic
assets and so forth has to be
part of it," he said.

According to Mr Maillis, if
no punishment is meted out in
response to the bulldozing of
the property, the government
will risk doing a disservice to
the Bahamas at large in terms
of preserving its assets.

Mr Maillis said he had always
had a dream that the Old
Southern Battery would be
included by a “creative entre-
preneur" in a tour of the his-
toric defences of Nassau.

It would have been a perfect
stop off between those sites sit-
uated in the eastern end of the
island, and those out west, he
said.

Mr Maillis said he hopes the
Battery can be reconstructed,
although Mr Rodehn admitted
that this will be a difficult task.



Genuine



YN eys




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Rosetta St. -

: 325-3336





ee

PAGE 6, WEDNESDAY, MARCH 21, 2007

Political posturing and the history
of foreign investment projects



HERE’S been a lot of

of caterwauling lately
about big foreign resort invest-
ments on the out islands. Most
of us know them as anchor pro-

jects.

Some argue that the hotel .

industry is just an updated ver-
sion of the master/slave “plan-
tation economy”. Others say
our birthright is being sold out.
And still others worry about the
thoughtless destruction of
islands that will never be the
same again.

Here are some representative
comments gathered from
Bahamian news and discussion
sites recently:

“(Christie’s) entire economic
outlook is pinned to these poor-
ly planned mega-resorts. Deals
that benefit nobody but the
greased hands and developers.
These deals are made possible
by (giving) away Bahamian land
that is your birthright.”

“Until we stop looking at this
as an FNM- or PLP-created
problem, it'll never change. We
are bred and educated to be
someone’s waitress, butler,
housekeeper, cook, etc. How can
we break that glass ceiling?”

“The government needs to get
out of this current economic
model which involves the cheap
sale of land. Not everyone’s call-
ing is to be a taxi driver, house-
keeper or straw vendor.”

“Both the government and the
opposition need to look at the
best interest of the country and
not their own personal gain. This
current model is deeply disturb-
ing because there will be no land
in the future for Bahamians to
live and invest — just enormous
hotels and resorts that facilitate
the oh so cherished jobs.”

“Don’t let the FNM and PLP
blind you by this outcry about
selling out the Bahamas. Both
parties would do it regardless.
Instead, (they) should be creat-
ing ways for Bahamians to get in
on the game. It’s amazing how
the ‘black’ Bahamian elite keeps
us polarized on insignificant
issues while they go on Setting

up their lil under the table deals.”'

“Certain members of the gov-
ernment think the natives are too
stupid to catch on, or too des-
perate for investment to care.
They’d rather give land to com-
panies that are blatantly using
the Bahamas!”

The clear implication is that
the Bahamian economic model

— our national way of making a
living — is fatally flawed. In this
view we are Selling the entire
country to foreign speculators
and condemning ourselves to
be a nation of servants and
bootlickers.

The Tourism Track Record

O-« the last half-cen-
tury tourism has pro-

duced enormous economic
growth and employment for
Bahamians. It is already the
world’s largest industry — and
in this new century it will
become the largest the world
has ever known.

It began in our islands with
just a handful of winter visitors,
but after the Second World War

companies, restaurants and oth-
er services. And these are not
just low-level jobs. This industry
— like most others — produces
a full spectrum of employment
opportunities—from unskilled
to semi-skilled to professional.

Nationally, the benefits are
on a similar scale. Tourism con-
tributes more than half of all
government revenues—the
money we use to build roads,
hospitals and schools and to pay



Natural resources are under
pressure from poorly planned and
difficult-to-sustain development. In
the Bahamas, such decisions are
made in a vacuum, with no real
understanding of the carrying
capacity of either the infrastructure
or the environment.



the numbers rose from 45,000 in
1950 to 342,000 in 1960 to 4 mil-
lion today. And by most
accounts this has produced one
of the most remarkable and
resilient economies of any small
state in the world.

Although tourism is often
referred to as a “fickle” indyps-
try, it has produced sustained
growth and unprecedented
progress for Bahamians. Even
when an American recession in
the late 1980s, combined with
Bahamian corruption and mis-
management, sent the econo-
my into a tailspin, the founda-
tion held firm.

At the time, many thought
we might never recover. For-

_ eign investment evaporated,

unemployment rose to almost
15 per cent, hotels closed, and
morale plummeted. But the fun-
damental strength of our major
industry was such that the
Bahamas continued to outper-
form others in the region.

oday, we earn almost
$2 billion from this

industry — money which pays ©

the wages of some 40,000
Bahamians in hotels, shops, tour

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our hardly working civil ser-
vants. In fact, it accounts for 70
per cent of our gross domestic
product — the country’s total
output of goods and services.
There is no doubt that tourism
has transformed the Bahamas
into a modern state.

The policy of siting anchor
developments on major islands
dates back to the Pindling era,
(when the Family Island Master
Plan was drafted) and was hot-
ly pursued in the latter years of
the Ingraham administration
(once investor confidence had
been restored).

Like a major tenant that
helps carry a shopping mall, the
idea is for investors to build res-
idential/resort complexes that
will provide basic infrastructure
for local communities and spur
growth. These projects are
thought to make the best use
of our limited resources.

The Anchor Project Track
Record

E 1997, a Florida develop-
er launched a huge resi-
dential resort on the tiny island
of Bimini, turning it into a vir-
tual suburb of Miami. Following
howls of protest about the
unnecessary destruction of
important ecosystems, the pro-
ject was scaled back.

But it continues to transform
Bimini into a Florida gated
community, destroying the very
assets that it disingenuously pro-
motes. Anyone going to Bimini
today cannot help but be
shocked by its overwhelmingly
inappropriate footprint. It is
perhaps the most tragic exam-
ple of mistaken development in
our history.

In 2001 the Hotel Corpora-
tion sold almost 11 acres of land
at Ocean Bight in Exuma to the
Emerald Bay Resort Company
for $2 million. These developers
went on to build a $70 million
community, including a luxury
hotel brand and all the usual
upscale amenities.’

Emerald Bay opened three
years ago but has yet to achieve
critical mass. Reports are that

SALEMDALE
326-5556
9am-6pm

Monday-Saturday

LARRY SMITH

Site.



few homes have been built and
the hotel is up for sale. Accord-

-ing to a recent Tribune article:
_“The costs of infrastructure at

Emerald Bay, such as roads and
all the utilities — paid for at
least in part by the developers
— coupled with the high oper-
ating cost of environment both
inside and outside the resort,
have made it difficult for the
owners to generate a return on
their investment.”

(): Abaco, the $100
million Winding Bay

Club near Cherokee was
launched at about the same
time that Emerald Bay opened.
A couple of years later, the
Rum Cay Resort Marina began
work on 900 acres of old plan-
tation estates in the southern
Bahamas.

And the government recently
agreed to a joint venture with
Arab investors involving 10,000
acres of Crown land on sparse-
ly populated Mayaguana. This
project promised $1.8 billion of
investment over 15 years, and
has yet to get off the ground. -

But the multi-million-dollar
Baker’s Bay resort development
approved in 2005 on Great
Guana Cay in the Abacos was
the first project to arouse well-
publicised resentment in local
communities.

According to Freeport lawyer
Fred Smith, who has spear-
headed a series of legal actions
against big-time foreign devel-
opers: “Are we ready to accept
the complete effacement of
what is left of the old Bahamas
in the Family Islands? Do we

understanding of the carrying
capacity of either the infra-
structure or the environment.

And since the government
controls 70 per cent of our real
estate and approves all invest-
ment proposals — this is an
important issue. In fact, we bor-
rowed several million from the
Inter-American Development
Bank years ago to come up with
an integrated land use policy to
address these issues. It is still in
the works.

Many commentators are.con-
cerned that the influx of foreign
speculators will squeeze
Bahamians out. They complain
about the loss of waterfront and
hilltop sites throughout the
country. They also object to the
grant or concessionary sale of
public land to help investors
build developments that cater
to other wealthy foreigners.

he late George Mackey
(chairman of the

Antiquities Corporation at the
time of his death) spoke about
an area on Acklins that was
recently acquired by a foreign
developer.

“Those hills are some of the
highest elevations on the island
and clearly ought not to be
made inaccessible to Bahami-
ans... if we are not careful all
those lovely beaches will most
likely be gradually acquired in
like manner...then, a few
decades hence, the natives of
Acklins will be without suffi-
cient beaches, just as we are
now in New Providence.”

“A bird in a golden cage is
no less a prisoner,” Mr Mackey
said. “And without more bal-
ance and control, this will be
the plight of future genera-
tions.” His clear implication was
that Bahamians would become
slaves again in their own coun-
try.

Well let’s take a look at Aba-
co. One of my recent ancestors
lived in a three-room shack on a



This does not mean tolerating the
destruction of tiny island
communities like Bimini. Rather, it
means the enforcement of up front
guidelines, the setting aside of
marine reserves and public spaces,
and the choice of appropriately
scaled development — all within the
context of a national land use plan.



really want everywhere in the
Bahamas to become an
Atlantis?

“Every day that we don’t
have a plan or vision for our
future, one more piece of our
culture, our heritage, our envi-
ronment and our marine and
land resources is irreplaceably
lost and disappears into the
hands of foreign and Bahamian
developers, whose only goal is
to get in, make money and go
on to the next project.”

A Vision for the Future

I: becoming clear to pol-
icymakers around the

world that development goals
cannot be met without protect-
ing the environment. Natural
resources are under pressure
from poorly planned and diffi-
cult-to-sustain development. In
the Bahamas, such decisions are
made in a vacuum, with no real

postage stamp plot of land at
the peak of the Hope Town
dune — with a fabulous ocean
view. He was a seaman (what
else).

In the 1940s he sold the shack
and moved to Nassau. The old
homestead eventually ended up
in the hands of the Kraft cheese
family, and realtors say it is val-
ued at close to a million dollars
today. But to my great grandfa-
ther it was worthless. No doubt
he would have considered him-
self a bird in a cast iron cage.

he point is this: Hope
Town is now a very

desirable place to live. But it
wasn’t always like that...people
invested over the years to take
advantage of changing circum-
stances. Luck, hard work, the
environment and proximity to
the huge American market had
a lot to do with it.

But surely it is our mutual

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THE TRIBUNE

responsibility to develop and
articulate a rational policy that
addresses the key issues dis-
cussed here honestly and trans-
parently. And that means
accepting up front that the
Bahamas requires large
amounts of foreign investment
to survive as a modern state.

This does not mean tolerating
the destruction of tiny island
communities like Bimini.
Rather, it means the enforce-
ment of up front guidelines, the
setting aside of marine reserves
and public spaces, and the
choice of appropriately scaled
development — all within the
context of a national land use
plan.

S« policies have been
on the table for decades.
And experts say they are
absolutely necessary for order-
ly and productive development
— particularly to avoid the
issues that critics refer to. The
problem is that this is too much
like work for our politicians,
who can’t seem to articulate an
intelligent way forward.

Their only interest, it seems,
is to to create more opportuni-
ties for supplicants to come to
them for approvals and favours.
As the election approaches,
here is what the two major par-
ties have to say on the matter:

“The government (does not)
fully understand the importance
of land use in the creation of
wealth, nor does it understand
the repercussions of the disposal
of public and other lands out-
side of a considered, environ-
mentally sustainable plan.” -
Free National Movement.

“There has been no give-away
of Bahamian land by the PLP.
All of the investments have been
carefully prescribed by joint ven-
tures to keep the interests of the
Bahamian people uppermost if
Crown land was involved. The
noise in the market is only the
sound of the FNM'’s guilty con-
science.” - Progressive Liberal
party.

he plain fact is that
most Out Island devel-

opments have failed: Even in
Freeport where, as Fred Smith
notes, “there are miles of beach-
es and paved roads, where san-
itation, water, telephcne, cable,
internet and electricity fax ‘lities
are already in place in a master
plan designed for 300,000 pso-
ple... and where there are thou-
sands of unemployed Bahami-
ans in the construction, hospi-

- tality, and tourism field avyaii-

able for work. *

According to one commen-
tator on the Bahama Pundit
website, the solution is simple:
“Want better jobs than what the
tourist industry offers? Let for-
eigners start businesses in desir-
able sectors (tech, pharma,
logistics, whatever) with no
restrictions on hiring Ist-world
foreign workers, and no
requirement for a Bahamian
investment partner.

“These businesses will bring
in a few high-salaried experts,
and fill the rest of their slots
with Bahamians. Bahamians
will learn the skills to compete
globally through hands-on
work. Eventually some of them
will start businesses of their
own.

Of course, that would mean
re-tooling our education system
to produce employable techies.
As the commentator said,
“there is no easy way to get
ahead, no way to leapfrog to
prosperity. It is work, hard
work.”

What do you think? Send
comments to larry@tribuneme-
dia.net. Or visit www.bahama-
pundit.com

Share
your
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THE TRIBUNE

WEDNESDAY, MARCH 21, 2007, PAGE 7





US Ambassador praises Bahamas for
tanding out in support of human rights

m@ By DENISE
MAYCOCK
Tribune Freeport
Reporter -
FREEPORT —- US
Ambassador John Rood

praised the Bahamas for ©

standing out among other
Caribbean countries in sup-
port of democratic rule and
human rights at the last
meeting- of the Non-
Aligned Movement in
Cuba.

While in Grand Bahama
last week, Mr Rood said
that the strong bilateral co-
operation between the
United States and the
Bahamas has led to better
international co-operation
on key issues, such as
human rights and democ-
racy.

“The Bahamas stood
alone among its Caribbean
peers in its support for key
human rights resolutions in
the UN in late 2006.

“The Bahamas should
rightly be proud of its
standing in the world as a
beacon and testimony to
the potential for democra-
cy and freedom,” said Mr
Rood.

Ambassador Rood, who
is set to step down soon,
reflected on his accom-
plishments over the past
three years as America’s
representative to the
Bahamas.

He said it is very impor-
tant that the Bahamas con-
tinues to stand up on the

world stage for the values.

Bahamians believe in:
democratic elections, a free
press, the rule of law, free-
dom of expression and reli-
gion. ;
“These are values we
share and values we must
work together to promote,



Roe

“The Bahamas stood alone
among its Caribbean peers in
its support for key human
rights resolutions in the UN in
late 2006. The Bahamas should
rightly be proud of its standing
in the world as a beacon and
testimony to the potential for
democracy and freedom”



US Ambassador John Rood

for there are far too many
places in the world where
these rights we take for
granted do not exist.

“IT commend the govern-
ment and Minister (of For-
eign Affairs) Mitchell for
making a difference in that
regard as there are people
who are oppressed
throughout the world and
need a voice,” he said.

‘Mr Rood said he hopes

that in the future, the
Bahamas can work closely
with the US to help ensure
that the Cuban people can
svon enjoy the basic rights
of free expression, associa-
tion, assembly, privacy,
movement and due process
of law that Bahamians and
Americans enjoy.

The ambassador said the
United States and the
Bahamas share a love for



democracy and the values
of freedom, security, and
prosperity.

In the years ahead. Mr
Rood expects that the US-
Bahamas co-operation will
continue to strengthen and
expand as both countries
seek to address the new
threats to international sta-

bility and prosperity.

He stated that weak
democratic institutions are
the root cause of many of
the recurring political
crises that have plagued
the most troubled countries
in the Western Hemi-
sphere, such as Haiti.

The ambassador said that
the Bahamas and the US
can work together nation-
ally. or as a part of Cari-
com, to help build democ-
ratic institutions in Haiti,
and re-establish the rule of
law.

“The Bahamas deserves
praise for its willingness to
support the new govern-
ment by providing training
for Haitian police at the
Bahamas Police Training
Centre.

“Still, more assistance
will be needed in carrying
forward reform and train-
ing for law enforcement,
strengthening the judicia-
ry, implementing anti-cor-
ruption programmes, pro-
moting economic growth
and protecting human

rights,” he said.

Ambassador Rood
believes that the Bahamas
and the US face threats in
security from terrorists,
rogue states and the pro-
liferation of weapons of
mass destruction.

The United States, he
said, appreciates the sup-
port the Bahamas has pro-
vided at the United
Nations by condemning
proliferation of weapons of
mass destruction and bal-
listic missiles.

Mr Rood said the US
also appreciates the work
done in Grand Bahama to
protect shipping against
such threats.

He noted that the
Megaports and CSI pro-
grammes help protect the
port from terrorist activi-
ties with the help of mil-
lions of dollars of high-tech
equipment provided by the
US.

These programmes keep
the borders of both nations
safe, Ambassador rood
said.

Wireless company pledges $160,000 to help GB YMCA





B KAREN PINDER-JOHNSON,
executive director at the YMCA



@ By DENISE MAYCOCK
Tribune Freeport Reporter

FREEPORT - Pegasus Wireless Cor-
poration has pledged $160,000 to help
complete restoration at the YMCA on
Grand Bahama.

Pegasus CEO and president Jasper
Knabb, a new investor to Grand Bahama,
made the pledge — the largest financial

- contribution by a single investor to the Y

— on Saturday.

Karen Pinder-Johnson, executive director
at the YMCA, said she is very grateful to
Mr Knabb for his “very generous” contri-
bution to the facility, which is located on
Settler’s Way.

Mr Knabb opened his wireless manu-
facturing company at West Settler’s Way
in Freeport a month ago. At the opening,
he pledged to provide scholarships to the
College of the Bahamas and computer
labs to Hugh Campbell Primary
School and Bishop Michael Eldon High
School.

The YMCA was extensively damaged in
2004 by two powerful hurricanes. About
75 per cent of the facility has been restored
through fundraising by Y officials, and
contributions made by the government
and corporate sponsors.

Ms Johnson said the funds would be
used to improve the playing field, and to
complete restoration of the basketball

gymnasium, which was completely

destroyed.

“T am so excited because it’s been a long
haul for us at the Y, but Mr Jasper Knabb
came through for us with a pledge of
$160,000 which is what is going to take
for us to come back 100 per cent from the
hurricanes,” she said.

“The basketball gym and the resurfacing
of the field which is long overdue are the
two main areas where we need repairs.”

Ms Johnson said that the YMCA caters
to thousands of young people, who par-
ticipate in its swim programmes and its
state-of-the-art fitness centre. She said the
donation will also allow them to provide
more programmes for the youth.

18 10 me tas ie oe

Y

zste ee





COIN OF THE REALM



PAGE 8, WEDNESDAY, MARCH 21, 2007

THE TRIBUNE



Venezuela’s consumer culture grows

while Chavez calls for socialism

@ VENEZUELA
Caracas

PLASTIC surgeons are per-
forming nips, tucks and breast
implants at a record pace.
BMWs are being snapped up
from the sales lots. And sleek
new shopping malls are spring-
ing up among the high-rises in
Venezuela’s capital, according
to Associated Press.

Although President Hugo
Chavez is urging Venezuelans
to adopt more ascetic socialist
values, a culture of con-
sumerism is flourishing as an oil
boom surges through the
nation’s economy.

Shoppers are buying up
everything from cell phones to
Scotch whisky at a rapid clip as
the economy benefits from high
world oil prices and banks com-
pete for clients by cutting con-
sumer loan rates in half.

Venezuelans bought 343,000
automobiles last year, a 50 per
cent increase over 2005.

“Everything is selling — sport
utility vehicles, pickups, buses,
everything,” said Jorge Garcia
Tunon, who runs one of the
leading auto showrooms in
Caracas. “The demand is
impressive. The market has
grown like crazy.”

Waiting lists of two months
or more are common for many
car models. The waiting lists for
compact, inexpensive cars are
particularly long. American cars
are among those selling well.

Other areas of the economy
have experienced similar
growth. Consumer spending
grew by a historic 20 percent
last year compared to 2005,
according to estimates by the
private polling company Dat-
analysis.

Seven new shopping malls
were built in the country last
year, and this year at least 13
more are projected to be com-
pleted.

Plastic surgeons also are
doing a brisk business.

“Between buying myself a car
and getting breast surgery, I
decided on my breasts, and I
think the sacrifice was worth
it,” said Omaya Davila, a 31-
year-old shopkeeper who was
waiting for a follow-up appoint-
ment with a plastic surgeon
after getting breast implants.
Eight other patients were in the
waiting room.

A record 30,000 Venezuelan
women out of a national popu-
lation of 26 million underwent
breast augmentation surgery
last year, an increase of nearly



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80 per cent over the previous
year, according to Statistics
from the Venezuelan Plastic
Surgery Society.

Dr Reinaldo Kube, the soci-
ety’s president, said the pro-
portion of the population with
breast implants in Venezuela is
one of the highest in the region.
By comparison, a slightly small-
er proportion of the US popu-
lation — more than 291,000

&@ SHOPPERS move about a popular shopping mall in Caracas



ee ee

(AP Photo/Leslie Mazoch)

women — had breast augmen-

tation surgery in 2005, according
to figures from the American
Society of Plastic Surgeons.
“2006 was the year of cos-
metic surgery in Venezuela. I'd
estimate 200 percent increases
in consultations and opera-
tions,” said Dr Victor Rada,
who has worked as a plastic sur-
geon for more than 15 years.
A key force behind Venezue-



la’s economic growth has been
the oil industry, which accounts
for 78 percent of exports and
some 14 per cent of Venezuela’s
gross domestic product. High
oil prices also are helping fill
government coffers. This year,
an estimated 45 per cent of gov-
ernment revenues are projected
to come from oil.

The consumption trend has
touched all social classes,
including low-income Venezue-
lans. A growing state work
force, new government bene-
fits and a rising minimum wage
have helped put money in
Venezuelans’ pockets, even as
high inflation has eaten away
at those gains.

Change

Chavez on Sunday called ris-
ing consumption among the
poor a sign of positive econom-
ic change, saying “it’s part of
our policy of seeking equality.”

Extended credit lines also
have contributed to the spend-
ing spree. Loan portfolios grew
by 118 per cent to US$6 billion
last year, according to Softline,
a Caracas-based banking con-
sultancy. ;

For the wealthy, new auto

dealerships have opened to sell
BMWs, Audis and Hummers.

Importers have brought
about 300 Hummers to
Venezuela in the past two years,
and the sport utility vehicles
have sold for an average of
US$93,000, Garcia Tunon said.

“They never used to be seen
in Venezuela,” he said, but
nowadays “there are some peo-
ple who are earning enough to
buy them.”

Chavez regularly tells
Venezuelans that capitalism is
evil and urges them to leave
behind their yearnings for
wealth. Aa

“Consumerism carries inside
it a cell that we could call car-
cinogenic: corruption. What is
the root of the corruption? The
desire to possess material
goods,” Chavez told thousands
of supporters during a recent
speech in which he urged them
to embrace socialist ideals.

For some, though, encourag-
ing Venezuelans to change is a
hard sell.

“We are accustomed to a free
lifestyle, to the sensation of hav-
ing just to have,” said 49-year-
old Antonio Garcia, who was
looking for a new television.
“Trying to box us into social-
ism isn’t going to work with us."

into banana tariffs

WTO investigation

@ GENEVA

THE World Trade Organi-
zation authorised an investi-
gation into the European
Union’s banana tariffs on
Tuesday, reopening a decade-
old dispute pitting Latin
American countries and the
United States against the EU,
officials said, according to
Associated Press.

Ecuador asked the global
trade body to establish a com-
pliance panel, claiming that
Brussels has failed to comply
with WTO rulings. The EU
blocked Ecuador’s initial
request two weeks ago, but
could not delay the investiga-
tion a second time under WTO
rules.

The WTO has consistently
ruled against how the EU sets
tariffs for bananas, forcing the
27-nation bloc to overhaul a sys-

tem that grants preferential con-
ditions for producers from
African and Caribbean coun-
tries, mainly former British and
French colonies.

Brussels, however, says a new
banana tariff established last
year — US$234 per ton — has
brought its rules for banana
imports in line with WTO rul-
ings.

But Ecuador, the world’s
largest banana producer, says
the new tariff has actually taken
away some of its market-share
in Europe, hurting more than
one million Ecuadoreans
dependent on the banana indus-
try.

The tariff has cost Ecuador

about US$131 million, trade
negotiator Juan Holguin has
said.

“At the moment, the tariff is
discriminatory and doesn’t
allow our bananas to enter EU

Ck

COMMONWEALTH BANK

Employment Opportuni
Human Resources Clerk

markets. Our participation in
EU markets is going down,” he
said Tuesday.

Holguin told Associated Press
that Ecuador was not opposed
to entering into further consul-
tations with Brussels, but that it
was determined to make its case
at the WTO. He declined to say
what he considers to be a fair
tariff, adding that any number
could only come out of negoti-
ations with all interested par-
ties.

Commitment

EU trade official John Clarke
on Tuesday reiterated Brussels’

“firm commitment to pursue a.

negotiated settlement in 2007.”
Ecuador’s request for a panel
“seems to contradict this overall
spirit,” he told the WTO’s dis-
pute settlement body.

The EU expressed disap-
pointed with Ecuador’s action
two weeks ago and accused the
country of seeking preferential
treatment at the expense of
some of the most vulnerable
countries in the global trading
system.

Latin American producers
and banana companies based in

the United States have long
complained that the EU rules
favor Caribbean and African
producers.

The United States, in 1999,
and Ecuador a year later both
won the right to impose trade
sanctions on European goods
after the WTO found the EU’s
tules to be illegal.

Cameroon, the Dominican
Republic and Jamaica backed
the EU after Ecuador’s request
two weeks ago. Colombia, Cos-
ta Rica, Guatemala, Honduras,
Nicaragua and Panama voiced
support for Ecuador’s position.
The US response was more
ambiguous.

Latin American bananas cur-
rently have around 60 per cent
of the EU banana market, while
African and Caribbean produc-
ers have 20 percent, EU offi-
cials have said. Bananas grown
in the EU — mostly on Spanish
and French islands — account
for another 20 per cent.

The case, originally brought’ -
to the Geneva-based trade ref-
eree in 1996, spawned a series
of disputes in the WTO as
lawyers wrangled over proce-
dural intricacies and legislation
which had previously never
been tested.

*Be able to meet high standards & guidelines
set out by the company & maufacturers.

*Be self motivated & able to work independently.
*Possess good leadership & interpersonal skills.
*Have good computer skills.
_ Competitive Salary w/ Sales Incentive plus
Health Insurance & Vehicle Allowance!

We are considering applications for a Human Resources Clerk to
provide a superior level of service to the Human Resources

Bahamas
International
Film Festival

Department.

Core Responsibilities: eg
Input of employee data into the HR database

Preparation of Reconciliations

Administration of Staff activities

Processing absences and vacations

+

°

»

Administration of employee group medical/vision/life
RIFF's NONTHLY BLN SERIES CONTINUES .....

insurance plans

Warehouse

e

Processing incentive payments, overtime, etc.
Administration of staff uniforms
Assisting with salary processing and related journals



e

o)
prea he : Bahamas International Film Festival (BIFF) FILM SOCIETY

PRIMARY DUTIES: | & Assisting with pension administration is please to show the 2006 BIFF Audience Award for Best Narrative JOHNNY
| ‘ HES GS ¢ 5
*Maintain in good order all inventory in medium * Sie Regiinemianie: SL

sized warehouse w/ frozen & dry goods. ¢ BA/BS in Human Resources, Business, Accounting or a

¢Dispatch & receive fleet of 4 to 5 trucks related field

before & after their daily routes. * Minimum 3 years experience in Human Resource Administration
; ¢ Excellent command of the English Language, both written and oral



@

°



*Receive all incoming inventory. | ar BiteallenicOreanizanional alall JOHNNY SLADE’S GREATEST HITS
eSupervise & verify orders being picked up, * Very good command of Microsoft suite (Excel, Word, Power Point) Directed by Larry Blamire, and starring John Fiore, Vincent Curatola, Robert
loaded & delivered. ; Giardina, Star John Flore was on hand to accept the Chopard Award,
Assi ; Rind dearderie i Personal Attributes:
* ssist w/ trac Ing & OFdering inventory ¢ Excellent work attitude, punctuality and attendance record ee
items via computer. « Highly confidential in nature Saturday, March 24th @ 7:30pm
. ¢ Ability to interact with others in a professional manner Free of charge
SUCCESSFUL APPLICANT MUST: * Ability to prioritize tasks Location: Hard Rock Cafe, Downtown Bay Street
*Have at least 2. years experience In 3 ¢ Initiative and ability to learn new tasks quickly

warehouse environment.

¢Be able & willing to follow strict inventory
guidelines, as set out by management.

*Be self motivated & able to work independently.
*Possess good leadership & organizational skills.
*Be capable of driving & operating fork lift.
*Have basic computer skills.
Competitive Salary w/ Annual Bonus
plus Health Insurance!

The successful candidate will be offered an excellent compensation
package including outstanding benefits such as:

Synopsis:

Down-and-out lounge singer Johnny Siace is hired by a mystery man to open a
hot new club, the catch being he's given a new--and terrible~song to sing each
night. Noticing that whenever he sings one @ new crime is committed, Johnny
gradually realizes his songwriter-bene’actor is a powerful mob boss in hiding and
his "Greatest Hits” are the only way the man can give orders to his crew,

Rated PG

Medical. vision and dental, life insurances & pension

Interested persons should submit their resumes in WRITING or E-mail
along with copies of their certificates before March 30th, 2007 to:

HUMAN RESOURCES DEPARTMENT
Re: Human Resources Clerk
Head Office, The Plaza, 2nd Floor, Mackey St.
P.O. Box SS-6263
Nassau Bahamas
Telefax: 394-0758
E-mail address: HR@combankltd.com

Suitable persons should send their
resume w/ references & a photo to

FUN FOODS WHOLESALE
Royal Bank Building, Mackey St.
or e-mail to Iburrows@lickety.com

For More information on BIFF please visit our website at www. bintlfilmfest.com

62007 CreativeRalatons net


THE TRIBUNE





Protest

staged
against
managing
editor of
Tribune
FROM page one

bune: “This is a group of
concerned citizens of the
Bahamas who have come to
express their disappointment
in the manner in which John
Marquis has continuously
insulted the leaders of our
country with his writings that
are not complimentary and
that are not truly represen-
tative of the black leader-
ship of the Bahamas.

“We equate John Mar-
quis’ writings, his so-called
aces and jokers, with the
assault that was waged
against America when the
Twin Towers was hit, and
we equate John Marquis’
activities with that of a ter-
rorist,” Mr Smith said.

“In our view,” he said,
“Marquis has espoused
racist views and he has
continuously written nasty
comments about leaders of
the Bahamas, particularly
the black leaders.”

Mr Smith said his group
was putting John Marquis,
Tribune publisher Eileen
Carron and The Tribune
on notice.

“Should they not stop,
we Shall return in greater
numbers and demand the
removal of John Marquis
from our society forthwith
and without delay,” Mr
Smith said.

He also called on the
Bahamian people to with-
draw their economic sup-
port from The Tribune.

Last night, Mr Marquis
said: “The protest was
orderly and in line with
the fine traditions of a
modern democracy. I have
no problem with people
expressing their views — I
do it myself all the time.

“However, I do chal-
lenge any suggestion that I
take a racial position on
anything. I don’t have a>
racial thought in my head
and any comment I make
on the country’s leader-
ship is not related in any
way to the colour of any-
one’s skin.

“What the PLP has to
bear in mind is that if it
had been a stellar govern-
ment serving the people’s
best interests, I would
have been the first to say
so. Unfortunately, it isn’t.

“My mission is to tell
the truth. The fact that so
many Bahamians end up
in my office looking for
justice testifies to the fact
that I have their interests
at heart at all times, and
that they appreciate what I
do.”

All major credit cards
accepted as cash!

Pictilid

in traffic accident

FROM page one

of the accident.

Police were called to the juncture of Carmichael Road and Lake
Boulevard shortly after 2pm yesterday where they found the life-
less body of a young boy in the back seat of a green coloured

Ford Explorer.

According to reports, the boy was a passenger in the Ford
Explorer that was overtaking a white Cable Bahamas van when the

fatal accident occurred.

The driver of the Ford Explorer — the boy’s father — lost control
of his vehicle as he was overtaking the van and the two collided.
As a consequence the Ford Explorer flipped over several times

and slammed into a pole.

The boy sustained fatal injuries upon impact and died at the

scene.

The child’s body had to be removed from the vehicle with the
jaws of life and was taken away by a hearse a short time after the

accident.

The father suffered only minor injuries and was taken to hospi-

tal for treatment.

Police said the boy did not appear to have been seated in a car
seat or to have been wearing a seatbelt when the accident occurred.
This comes just days after new amended road traffic laws were
passed in the House of Assembly to implement the mandatory

use of seatbelts.

Speaking in parliament last week, Transport Minister Glenys
Hanna-Martin warned that drivers who fail to secure their children
properly will face new penalties such as licence suspension and com-

munity service.

The amended Road Traffic Act, which is aimed at ensuring
greater safety on Bahamian roads, also stipulates that children
under the age of eight are no longer allowed to sit in the front seat
of a vehicle and that, according to a child’s weight and height, the
proper child restraints must be used.

Report: shortage of Bahamians with
necessary English and maths skills

FROM page one

by J Barrie Farrington concen-
trates on the poor performances
of Bahamian students in the
BGCSE exams in the subjects of
English and mathematics for the
year 2005.

Under the five-point grading
system used in the US and many
other countries, 68 per cent of
students sitting the English exam
achieved “Ds” and “Fs”.

However, “no subject
describes the crisis in education

more graphically than the test,

results in mathematics,” the
report said. :

Using the five-point system,
59 per cent earned an “F” in the
mathematics exam — the one
exam that is written in the largest
numbers by private and public
school leavers.

“You must understand that
the business community prefers
to hire Bahamians. It is simpler,
generally less costly and it is the
law. But the problem occurs when
job candidates score poorly on
the standard aptitude tests given
during the initial job interviews,”
the report states.

The shortage of qualified
Bahamians with a command of
the English language, the docu-
ment said, “is critical to tourism
because the skills of its employees
dealing with its clients directly
affects the latter’s view of the
Bahamas.”

“The negative feed-back from
visitors to the Bahamas fuels the
passion and commitment of the
industry to support education
reform,” the report said.

As it concerns the average
math grades, the document stated
that the exam results are particu-
larly troublesome because “math-
ematics is so important for the

technologies that are likely to
dominate this century.”

“One cannot take the poor
math scores lightly, especially
when one knows that the aver-
age grade on the book-keeping
exam was also an E, and some
level of mathematics proficiency
is essential to mastering a wide
range of lower tech skills that
are in short supply in the
Bahamas,” the report stated.

The Coalition for Education
Reform’s latest report also found
that a very important dimension
of the education crisis is gender.

“Although male and female
students in grade one are virtual-
ly equal in numbers, the propor-
tion taking the BGCSE tests is
significantly different.

“Of the 22,422 students taking
the exam, 8,570 were male (38
per cent of the total) and 13,852
were female (62 per cent of the
total). This implies a male-drop-
out ratio of 35.4 per cent,” the
report said. tee

Furthermore, the document
stated that the number of females
students earning “As” and “Bs”
was almost twice the number of
males earning “As” and “Bs”.

To combat this problem, the
Coalition for. Education Reform
suggests the establishment of an
all male primary and secondary
laboratory school, which will
operate as an independent
school within the public school
system. :

“The all male primary and sec-
ondary laboratory school is an
alternative for the family with a
son in the public school system
that wants to provide that son
with the opportunity for a supe-
rior education. It is an alterna-
tive for those willing and able to
live by the rules of the school,”
the report said.

}

| eIy . se
ue
15% OFF :

Mackey St' 393-8165 + 393-3723

HOURS

Monday - Friday 8:30am - 4:30pm
Saturday 8:30am - 1:00pm



LOCAL NEWS

Five-year-old boy killed

WEDNESDAY, MARCH 21, 2007, PAGE 9





Le Oy as

DNA ordered

to be taken from








Anna Nicole’s baby daughter:

FROM page one =



as Larry Birkhead, one of the
men claiming to be the father
of baby Dannielynn, emerged
from the court room and
jumped into the air.

Although maintaining that he
could not speak on what had
transpired in the court, Mr Birk-
head said that he was hopeful
to see “his daughter” soon and
take her home.

“T can only say that it was a
good day for me,” he said as
tourists and locals cheered from
behind police barricades.

“IT can’t really get into the
specifics, but tomorrow might
be a better day,” he said.

Mr Birkhead thanked the
crowd for its support and min-
gled among many of them, shak-
ing hands and jumping up and
down before rushing off with his
attorneys and entourage.

However, Howard K Stern,
the former long-time compan-
ion of Anna Nicole — who is
also claiming to be the legiti-
mate father — received a more
somber response.

He walked outside and quick-
ly made his way to a waiting
Escalade that had pulled up
along the eastern side of the
Supreme Court.

Mr Stern refused to respond
to questions about the condi-
tion or location of baby Dan-
nielynn. He extended his thanks,
however, to the Bahamian peo-
ple for their support of him
throughout the matter.



FROM page one

he described as all being relatively young, why
they all had their weapons drawn, he was met
with only verbal abuse.

“And these the people they want you to
help?” Mr Williams shouted.

Obviously agitated, Mr Williams questioned if
the men who broke into his family’s home were
in fact police officers.

The “raid”, he said, happened sometime










DIESEL GLASS VAN

$20,630.00

DIESEL PANEL VAN

$20, 468.00

DIESEL

EXIT DOORS ON BOTH SIDES

$23,162.00

@ VIRGIE ARTHUR (top) and Larry Birkhead
arrive at court yesterday.

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(Photos: Tim Clarke/Tribune staff)

‘Police raid’ claim

between 1.20am and 1.30am on Monday. z
Ms Demeritte said that her family is in the
process of retaining a lawyer. She said she is
willing to go“all the way” to have this matter
dealt with. ns
“If I have to go to my death, I’m going to get
to the bottom of this. So if ya’ll hear that Pamela
Demeritte died, it’s because of this,” she said:

te

&

5











: MITSUBISHI:
MOTORS

-eononaciconncnncenpmencennennanannnte NRO ENESAREE EON NRRNNE I

wake up and drive”

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PAGE 10, WEDNESDAY, MARCH 21, 2007
TUESDAY EVENING MARCH 20, 2007
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: Harvey becomes a bounty hunter. M ‘R’ (CC) help her con a developer. 1 ‘PG-13' (CC) TOUCH ME
(at) % %% THE LONGEST YARD (2005, Comedy) | * & * HUSTLE & FLOW (2005, Drama) Terrence Howard, Anthony An-
SHOW dam Sandler. iTV. Prisoners train for a football game |derson, Taryn Manning. iTV. A pimp wants to rap his way out of his dead-
against the guards. 1 ‘PG-13' (CC) _ fend life. O'R’ (CC)
cae THE |% *% WOMAN THOU ART LOOSED (2004, Drama) |(:45) % x HOUSE OF D (2004, Comedy-Drama) An-
TMC ESMERIST — |Kimberly Elise. A young woman tries to overcome a life|ton Yelchin, Robin Williams. An artist tells his family the
(2002) 'NR’ (CC) jof abuse. 1 'R’ (bc) story of his youth. ‘PG-13' (CC)



THE TRIBUNE

let Charlie the
Bahamian Pu opet and
his sidekick Derek put

ome smiles on your



kkids’s faces.

Bring your children to the
MctHappy Hour at McDonald's in
Palmdale every Thursday

from 3:30pm to 4:30pm during the
month of March 2007.

| En joy Great Food, Prizes and Lots of Fun.

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THE TRIBUNE

WEDNESDAY, MARCH 21, 2007, PAGE 11







nassay



Your look at what’s going on in your community



Interior ot
showroom opens
up on Bay Street

INTERNI Interior Design
Showroom and Gallery, the first
of its kind in the Bahamas, offi-
‘cially opened in a private show-
‘ing with more than 100 guests in
attendance.

The creation of interior
designer Gabriella Curry,
Interni, located on Bay Street, is
a showroom, gallery and office
that is the centre of Mrs Curry’s
design work.

Exclusively featuring the Ital-
ian furniture company DePado-
va of Milan, the opening also
highlighted the work of Cana-
dian artist Sylvain Tremblay
and the accessories of artists
from Milan.

“The opening of Interni is
really a return to my passion —
which is interior design,” said
Mrs Curry. “The showroom fea-
tures one line of furniture I rep-
resent but we are a full-service
interior design firm that works
closely with the leading design
centres in United States and
Europe to help each client
achieve their vision for their
space.”

Born in Milan, Mrs Curry
attended school in Italy, Aus-
tria and Canada. She also stud-
ied interior design at the Amer-
ican University in Paris and
attended the Parson’s School of
Design in Paris.

She began her career with








ONE COMPANY



@ GUESTS view the art at the opening of Interni—Interni
Interior Design showroom and gallery features Italian furniture
from the Milan firm DePadova. —

Karl Lagerfeld and later
worked with renowned French
designers Chantal Thomass and
George Rech.

Her career took her to
Munich where she worked for
four years at ELLE Magazine.
Later, she joined the staff of
ELLE Décor Magazine when
it was launched in 1988.

When she returned to Italy
In 1997, Gabriella, along with
her husband Greg Curry saw
the need for a restaurant in Nas-
sau that would offer exception-
al food combined with a unique

ONE GOAL

Colinalmperial Insurance invites interested persons to submit applications for the
position of Systems Developer in the Information Technology department.

ONE CHOICE

and tasteful ambiance appro-
priate for business lunches and
fine dining. They bought the
site of the former Roselawn
restaurant and Café Matisse
was opened to great success,

Matisse

Her distinctive creative influ-

ence is visible throughout Café .

Matisse from the décor, the
menus, the unique lighting and
the warm and _ inviting

ambiance. Under both Curry’s

o val.



@ ARTIST Sylvain Tieehiag (far left) aces his art with Gabriella Curry (second from right),
owner of Interni Interior Design and guests at the opening. Tremblay’s art was featured.



@ LEFT to right, Greg canis owner, Café Mnlisics Michelle Syabunettes Gabriella Se interior
designer and. owner of Interni; artist Sylvain Tremblay; Craig Symonette

direction, Café Matisse is now
one of Nassau’s premier restau-
rants.

Four years ago, she decided
to return to interior design.
Working with clients and busi-
nesses of distinction, Gabriel-
la’s successful interior design
business led to the opening of

Interni Interior Design and
Gallery.

Described as an interior
designer of extraordinary taste,
Gabriella has designed for pri-
vate homes and estates.

“My design philosophy
includes mixing modern furni-
ture with antiques,” adds Mrs

SILK

Curry. “I believe a home should

have a compilation of styles, not’,

just one look, to make it inter-

esting and real. Designing and___

decorating a personal space
takes time so the result is an

environment that is not just ~-

“filled” but created with trea-
sures that make it singular.”

FLOWERS

& FLORAL
ARRANGEMENTS

(Photos:Tim Aylen) ~






Systems Developer













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PAGE 12, WEDNESDAY, MARCH 21, 2007 THE TRIBUNE | ;




*



WPCC










WEDNESDAY, MARCH 21, 2007

SECTION



Sia

HELPING YOU CREATE AND MANAGE WEALTH



business@tribunemedia.net

BUS:

Miami Herald Business, Stocks, Analysis, Wall Street







NASSAU OFFICE
Tel: (242) 356-7764 ©

FREEPORT OFFICE
Tel: (242) 351-3010







Actuaries sue
ex-Colina chief

over alleged imp AC

$100k bill

@ By NEIL HARTNELL
Tribune Business Editor

JAMES Campbell, the for-
mer Colinalmperial Insurance
Company president, is being
sued for just under $100,000 by
a Canadian actuarial company,
which is alleging that he failed
to pay them for valuation work
they performed for him in rela-
tion to his dispute with his two
former Colina Financial Group
(CFG) partners.

Eckler Partners, which acts
as Colinalmperial’s external
actuaries, filed a writ and state-
ment of claim with the Supreme
Court on February 1, 2007,
alleging that Mr Cambpell had
“failed, neglected and/or
refused to pay” his share of the
Canadian firm’s $217,060 fee.

Mr Campbell is likely to be
denying the allegations and con-
testing them vigorously, but his
attorney, Philip ‘Brave’ Davis,
of Davis & Co, did not return
The Tribune’s call of yesterday
seeking comment despite a
detailed phone message being
left for him.

This lawsuit adds another
twist to the acrimonious battle
between Mr Campbell and his
former CFG business partners,
which is now close to entering
its third year.

In its Statement of Claim,
Eckler Partners alleged that an
April 15, 2005, a Valuation Ser-
vices Agreement made between
it on the one hand, and Mr
Campbell and his former CFG
partners, Emanuel Alexiou and
Anthony Ferguson on the oth-



er, saw Mr Campbell agree to |

pay 45 per cent of the Canadian
firm’s $217,060 fee.



@ CAMPBELL

This worked out at $97,677,
and Eckler Partners alleged that
Mr Campbell had “expressly
agreed that he will be responsi-
ble for'45 per cent” of its fees.

The 45 per cent is in propor-
tion to Mr Campbell’s stake in
the then-CFG, which has been
renamed A. F. Holdings since
his ousting. Presumably, Mr
Alexiou and Mr Ferguson
would have picked up the tab
for 45 per cent and 10 per cent
of Eckler’s fees respectively,
given that this would be in pro-
portion to their CFG stakes.

Eckler said the agreement
was executed, and between

_ March 8, 2005, and December
17, 2005, it carried out its valu-
ation work, an exercise that is
likely to have involved valuing
Colina Holdings (Bahamas), the
BISX-listed entity that is the
holding vehicle for Colinalm-
perial Insurance, and in which
CFG held a 67 per cent stake.

SEE page 5B

Chamber chief concerned
over Freeport licensees
eroup recognition

@ By NEIL HARTNELL
Tribune Business Editor

THE Grand Bahama Cham-
ber of Commerce’s president
yesterday expressed concern
that government recognition of
the Freeport Licensees and

Property Owners Association’s ©

incorporation was being unduly
delayed, impacting the ability
of Grand Bahama Port Author-
ity (GBPA) licensees to play a
meaningful role in determining
Freeport’s way forward amid
the current shareholder dispute.

Christopher Lowe said all rel-
evant documents regarding the
Association, including its Mem-
orandum of Association and
Articles of Association, had
been submitted to the Registrar
General’s Department last
November, in a bid to obtain
the licence authorising its incor-
poration as a non-profit com-
pany.

In addition, all fees had been
paid and receipted by the Pub-
lic Treasury, and Mr Lowe said
the Association “should have
been registered by now”.

“It has come to our attention
that the Freeport Licensees and
Property Owners Association
is apparently being denied
recognition by the office of the
Attorney General...... ,” he
added. “This is of grave con-
cern to us.”

Sources familiar with the sit-
uation said the Association’s
incorporation had not been
recognised because the Attor-
ney General’s Office had
received a legal opinion
expressing concerns over
whether it was a non-profit
company.

For-profit company incorpo-
rations are handled by the Reg-
istrar General's Office, but non-
profits have to be approved by

the Attorney General’s Office
and comply with set criteria.

Mr Lowe hinted that the
Association, which some 200
GBPA licensees had expressed
an interest in joining, in a bid to
safeguard their rights under the
Hawksbill Creek Agreement as
the dispute between the Hay-
ward and St George families
continues to simmer, might
have to take legal action against
the Attorney General’s Office
and the Government if the
incorporation was not duly
approved.

He added: “Given that by
reason of the Royal Commis-
sion of Inquiry of 1971, great
stress was placed upon the
recognition of the licensees as a
full and participatory entity, and
that a forum be created for the
true and proper representation
of [GBPA] licensees going for-
ward by that date, we remain
deeply perturbed [by the
absence of government
approval].

Mr Lowe said this was espe-
cially so “given that the recent
turmoil between the ostensible
owners of the Grand Bahama
Port Authority, and the various
companies holding the assets of
same, are casting a pall of
uncertainty and lack of confi-
dence amongst current and
potential investors and
licensees, who are anxious to
be a part of the solution going
forward, a right defined clearly
by the terms of the Hawksbill
Creek Agreement (1955) and
its amendments.

“The amendments that were
themselves ratified by the sig-
natures of the licensees, in 1960
and 1965, show that the terms of
the Hawksbill Creek Agree-

SEE page 9B

S1.6m court order

ts Bahamas

Film Studios sale

Founding partner in ‘dire financial position’ due to paying project’s expenses from own pocket without being reimbursed
* Confusion over development’s ownership structure and legal wrangling impact sale and Bahamas’ position as film industry location
* Questions over government approvals being obtained

@ By NEIL HARTNELL
Tribune Business Editor

ne of the three
founding part-
ners for the
Bahamas Film
Studios has
obtained a Supreme Court
order preventing the company’s
current owners from taking up
to $1.6 million in proceeds from
the project’s potential sale out
of the Bahamas, alleging that
he is “in a dire financial posi-

expenses from his own pocket
and not being reimbursed for
this.

Paul Quigley filed a lawsuit
with the Bahamas Supreme
Court last week, as previoulsy
revealed by The Tribune, claim-
ing damages for breach of his
employment contract with the
Bahamas Film Studios, which
was drawn up on April 13, 2001.

According to court docu-
ments obtained by The Tribune,
Mr Quigley and his attorney,
Luther McDonald of Alexiou,
Knowles & Co, obtained a

Court Order from Justice John
Lyons on March 16, 2007, that
“restrains” the Bahamas Film
Studios and Ross Fuller, chair-
man of its holding company,
Ashby Corporation, “from
transferring from the jurisdic-
tion, dealing with or disposing
of” proceeds from the projec-
t’s sale “up to the amount of
$1.6 million in excess of its exist-
ing liabilities”.

The Order is good until April
4, 2007.

Mr Quigley’s lawsuit is the
latest development in what is

becoming an increasingly tan-
gled legal web surrounding the
Bahamas Film Studios and
efforts by Mr Fuller to sell it, a
$14 million purchase of the pro-
ject by Bahamas FilmInvest
International, a group put
together by Bahamian banker,
Owen Bethel, having fallen
through last week.
In his affidavit supporting his
application for a Court Order,
Migley indicated that the




SEE page 7B

tion” after covering the firm’s

AES: Broward licence end ‘no major

impact’ for LNG development

Company says that signs Bahamian approval process and regulations drafting may come to end soon

@ By NEIL HARTNELL
Tribune Business Editor

AES Corporation has told The Tribune
that Broward County’s decision to termi-
nate their 30-year agreement for the

pipeline portion of the Bahamas-based lig- _

uefied natural gas (LNG) project would
have “no impact” on whether the multi-
million dollar development is approved and
moves forward.

Aaron Samson, project director for AES
Ocean Express, said that because the LNG
project had “eminent domain rights” to the
land in Broward County that was the sub-
ject of the licence agreement, the whole
deal would be “put back together” once

the Bahamian government granted
approval.

Mr Samson said AES Corporation, which
has endured a more-than five-year wait to
see whether the Government will approve
its project, was hopeful the process would
soon reach a favourable conclusion, adding
that the company had heard consultants
working on the LNG regulations might be
finished soon.

“I know ICF is working,” Mr Samson
said, referring to the Government’s Wash-
ington-based consultants. “People think
[the regulations are] in the last week of
being completed and put in the framework.

“T think we’re down to a couple of weeks
of the regulations being dealt with, and

eTeroy

f Ber 42 months

BEST and the minister dealing with Cabi-
net. In the scheme of five years, we don’t
lose sleep over a couple more weeks or a
month.”

Mr Samson previously. told The Tribune

‘that since 2001 AES had spent $65 million

on the proj&t, whose terminal will be sited
on Ocean Cay, a man-made island off Bimi-
ni, if approved.

This sum involved the initial acquisition
of the island and its mining operations, a
$4.5 million environmental clean up, keep-
ing permits and approvals current, insur-
ance, reserving real estate and ensuring

SEE page 6B

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Since Inception February 1999

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PAGE 2B, WEDNESDAY, MARCH 21, 2007

THE TRIBUNE >





Security drives gated
communities growth

ontrary to popu-
lar belief, crime
is subject to who
is counting and
who it affects.
Thus when the police say crime



I hae ee

is ‘under control’, we must
remember the old saying: “A
fisherman never calls his fish
stink.” As a result, we should
not expect anything but high
praise and votes of confidence

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when it comes to the report-
ing of crime.

However, you and I know
the numbers do not lie, and
some of us live around the cor-
ner or across the street from
the person who was robbed or
killed over the weekend. Thus
it is with great interest that I
observe the continuing debate
about urban renewal and com-
munity policing, and how it is
deemed to be a success. As
mentioned, the numbers do
not lie, so when we are told of
the accomplishments of this
initiative but see a different
reality, not only in the media,
who daily report on crime and
mayhem, but from the police

themselves, we begin to think, .

differently. But my serious
doubts about the practicality
and sustainability of this urban
renewal programme will be
discussed at a later time.
Really, I want to talk about
the increase in gated commu-
nities, be they condominiums
or private residential housing.
This, might I mention, is the
result of what is happening -
or not happening - in the com-
munities of the Bahamas. We
are now living in an electronic
age where what happens in the
back yard in Acklins can
instantly be seen anywhere in
the world in a matter of sec-
onds. The ongoing sagas relat-
ing to Anna Nicole Smith and
Natalie Holloway are cases in
point. Also, let us not forget
hat the events surrounding the
missing boys in Grand Bahama
were broadcast all over the
globe. Just go to Google and
see how many hits these sto-
ries get. However, despitethe
various social ills we face as
Bahamians, the foreign
‘investors and celebrities are
still prepared to live here

Safe &

Secure

by Gamal Newry

under the right conditions.

From Bimini Bay to Bak-
er’s Bay and Mayaguana, we
are seeing major investments
take shape as gated communi-
ties. This is, in my opinion,
where the developer decides
he wants the sand and sea of
the Bahamas without the peo-
ple of the Bahamas. This state-
ment may not be politically
correct, but it is the truth. Why
come to paradise and be
exposed to crime, power fail-
ures and unreliable phone sys-
tems?

But the main reason why
someone would want to live
behind the gates of Old Fort
Bay or the Ocean Club is secu-
rity, security and security.
Really, there is no other reason
than to have a peace of mind
that cannot be achieved among
the masses. With this in mind,
the developer of such a com-
munity must provide a tight
network of preventative mea-
sures, even it means in some

instance distorting the obvious '

to appease the resident. The
residents themselves some-
times must wonder if they are
not prisoners. Imagine the
need to announce your arrival,
departure and expected guests;
sounds like prison to me. But
this is the price one must pay



to feel safe and secure.

The fundamental compo-
nent for success here is access
control, which cannot be limit-
ed to entry and exit, but also
how the resident or guest
moves in and around the con-
trolled gated area. ‘Keep them
out no matter what the cost’ is
the underlying theme behind
access control. This is where
the problem lies, as the restric-
tions on movement often
become an annoyance to the
authorised occupants. This is
magnified by the fact that most
homeowners are wealthy, and
considered by themselves and
society at large to be very
important. This aura is trans-
ferred to their employees, be
they house staff or the con-
tractor building their home.

In comparison, the security
guard is not perceived to be as
influential in the community
at large, and is usually not as
wealthy. As a result, in their
efforts to create a secure envi-
ronment, the work of the secu-
rity officers is hampered by the
desires of the resident.
Although ‘twenty-four hour
security’ is the key selling
point, the new home owner is
not really prepared to be
secured 24 hours a day, seven
days a week, where it becomes

a hindrance for the lifestyle
they live.

Can residents and their hired
protection personnel reach an
agreement about how much
security is enough? This is dif-
ficult, as the failure to provide
even the perception of security
is sometimes just as problem-
atic as providing it. Neverthe-
less, enter the professional who
knows his task. Based on solid
loss prevention principles, a
plan can be implemented that
can successfully protect resi-
dents and the guards alike.
This must be an all-encom-
passing plan that includes
everything from disaster pre-

paredness, to fire and rescue -

and emergency medical ser-
vices. Yes, the security depart-
ment of the gated community
must act as a fully-fledged
police force and provide all the
essential services required to
keep the community safe and
secure. In essence, the individ-
uals who are hired to man the
protection operation must be
respected as professionals.

In the next few articles, we
will consider various approach-
es to protecting the gated com-
munity.

NB: Gamal Newry is the

president of Preventative Mea- |

sures, a loss prevention and
asset protection training and
consulting company, specialis-
ing in policy and procedure
development, business securi-
ty reviews and audits, and
emergency and crisis manage-
ment. Comments can be sent
to PO Box N-3154 Nassau,
Bahamas or, e-myil
gnewry @preventativemea-
sures.net or visit us at
www.preventativemeasures.net

“9”

Tel: 827-8026 ¢ Cell: 359-3160

Take a FREE* guided walk around
the Clifton site, once the Wyllie
Plantation now a world heritage
site. The area includes the pirates’
steps, Sacred Place, many ruins from
the plantation, a wildlife pond,
seashore, broad-leaf coppice and
wetlands.

This Saturday,
March 24 at
8:30am

The walk starts at West Bay or Jaws Beach just
south of Lyford Cay on the Western Road. To get
there from the north, go south over the hill and follow
the Lyford Cay boundary fence to the first short road
on the right. From the east, pass Clifton pier and
continue west to the short road on the left before
the Lyford Cay boundary fence.

Are you looking for an exciting
career opportunity with a
leading international bank?

Deputy Head of Trust & Fiduciary
SG Hambros is currently looking to recruit a Deputy Head of Trust & Fiduciary.
Your primary role will be to:
Assist with managing the daily business operations of the Fiduciary Services
area in an efficient, effective and profitable manner;
Play an active role in defining and implementing the Group fiduciary strategy;
Be responsible for the growth of the fiduciary activities In compliance with
legal, regulatory and industry standards;

m® Ensure Bank's relationships with clients are nurtured and optimized,

The candidate should ideally hold a Bachelor's of Law, Masters Degree in Business
Administration, Society of Trust & Estate Practitioners (STEP) designation or equivalent,
and have at least 7 to 10 years’ international trust/private banking experience,

For more information call the BNT at 393-1317
or e-mail: bnt@bahamasnationaltrust.org
*Free for members but membership registration

accepted at the walk.

The role will entail supervisory and training function and ensuring that policies and
procedures are being followed with the department. The candidate must have excellent
client relationship and an in-depth knowledge of investment, trust and banking products.
Superior knowledge of trusts, trust law, companies and company law; Develop a detailed
knowledge and understanding of client estate planning and financial needs and provide
advice to existing clients and prospective clients on the Bank's products and services,
liaising with product specialists as appropriate in providing more detailed product
recommendations, In particular, work closely and co-operatively with Private Bankers

to introduce specialized investment products and services in accordance with the

clients needs;

Fluency in French or Spanish would be an asset. The incumbent may be required to travel
to designated marketing regions.

The position offers an attractive salary and benefits package.
Applications should be submitted to the following address, to arrive on or before 23 March 2007.

Manager, Human Resources

SG Hambros Bank & Trust (Bahamas) Limited
PO Box N7789

Nassau

Bahamas

, Children
* must be accom-
ppanied: by an adult. _
Remember. to wear
comfortable, closed- .
ain ire long pants
, and..pring a.cool -.-
* “@rink.and —.

SG Hambros

Private Banking the Banks & Trust Compania

t @ahamas) Limited is licensed unde

fequiation Act

~ ., binoculars
A ‘ tere oth “eke

aS ia SOCIETE GENERALE GROUP www.sghambros.com
Oe

owe


BUSINESS

snaumuasonnnnin east aoanenaaAN ASAE

Che Miami # Hecald |

THE MARKETS

STOCKS, MUTUAL FUNDS, 7B

DOW 30 12,288.10 +61.93 AL
S&P 500 1,410.94 +888 A.
NASDAQ 2,408.21 +13.80 Ay
10-YR NOTE 455 -02 6
CRUDE OIL 56.60 +14 4d

Stocks
rise as
investors
bullish

BY MADLEN READ
Associated Press

NEW YORK — Wall Street
advanced for a second straight
session Tuesday as investors
placed bets that the Federal
Reserve won’t indicate that it’s
leaning toward an interest rate
hike.

Market watchers are antici- ©

. pating that the Fed on Wednes-

_ day will leave rates on hold and
say that economic growth is ~
cooling while inflation remains
a concern. The central bank has
maintained this general stance
for several months now, sug-
gesting that rates are staying
put.

Investors would ideally pre-
fer a shift in posture toward cut-
ting rates; such a move could
boost consumer spending and
make mortgages cheaper. But
they appeared to be content to
hear the status quo for now, and

__are tentatively optimistic that a
rate hike isn’t in the offing given -
that recent economic data has
shown slowing growth and that
inflation, though high, hasn’t
been running rampant.

“What is likely is no change
at all. We might get-a little com-
mentary on the housing market
nationwide ... but we don’t think
there’s much action in the
cards,” said Jim Russell, direc-
tor of core equity strategy for
Fifth-Third Asset Management
in Cincinnati.

Worries over the flagging
housing market, particularly the
subprime mortgage industry,
have been dragging down
stocks over the past month. But
investors got some reassurance
Tuesday from a Commerce
Department report that con-
struction of new homes rose by
9 percent in February.

Stocks were also boosted by
a fresh slate of takeover activity,
notably a $5.93 billion offer to
take Affiliated: Computer Ser-
vices private. —

The Dow Jones industrial
average rose 61.93, or 0.5] per-
cent, to 12,288.10, for a two-day
advance of 177.69. _

Broader stock indicators
gained as well. The Standard &
Poor’s 500 index advanced 8.88, .
or 0.63 percent, to 1,410.94, and
the Nasdaq composite index

- added 13.80, or 0.58 percent, to

"2,408.21.

_ Bonds also rose, as the Trea-
sury markets shrugged off the
housing data and an announce-
ment from China that the coun-
try doesn’t intend to build up its
reserves. The yield on the
benchmark 10-year Treasury
note fell to 4.55 percent from
4.57 percent late Monday.

Advancing issues outnum-
bered decliners by more than 2
to 1 on the New York Stock
Exchange, where consolidated
volume came to 2.75 billion
shares, up from 2.67 billion
Monday.

Overseas, Japan’s Nikkei
stock average rose 0.90 percent.
Britain’s FTSE 100 gained 0.50
percent, Germany’s DAX index
advanced 0.43 percent, and

_’ France’s CAC-40 rose 0.81 per-

‘cent.

Gold prices rose. The dollar
was little changed against the
euro, but slipped versus the yen.

Crude futures rose 14 cents
to $56.73 a barrel on the New
York Mercantile Exchange.
Gasoline futures briefly leaped
to a six-month high due to refin-
ery problems, but then
retreated ahead of U.S. inven-
tory data Wednesday.

The Russell 2000 index was
up 6.55, or 0.83 percent, at
793.60.

Seaman semana ance ey





oo
|
|
|
|

PETROLEUM

WEDNESDAY, MARCH 21, 2007

3B



INTERNATIONAL EDITION

Report: BP ignored safety warnings

@ The U.S. Chemical Safety and
Hazard Investigation Board
points a finger at London-based
BP for causing the explosion in
2005 that killed 15 people, noting
that top management repeatedly
disregarded safety warnings.

BY JOHN PORRETTO
Associated Press

HOUSTON — The U.S. agency
responsible for worker safety failed
to inspect plants with enough care
and frequency to prevent an accident
like the 2005 explosion at BP’s Texas
City refinery that killed 15 people and
injured 170, a government report said
Tuesday.

The final report on the nation’s
worst industrial accident since 1990
also blamed BP for cost cutting that
left the plant vulnerable to catastro-
phe.



being built in oo Denver.

@ Even with the better-than-
expected rebound, housing
activity remained 28.5 percent
below the level of a year ago
and many analysts are worried
about the decline in building
permits.

BY MARTIN CRUTSINGER
Associated Press

WASHINGTON — New home
construction rebounded in Febru-
ary following a steep January slide.
But analysts pointed to a further
decline in building permits as a
worrisome signal of future prob-
lems for the troubled housing
industry.

Construction of new homes and
apartments rose 9 percent in Febru-
ary to a seasonally adjusted annual
rate of 1.525 million units, the Com-
' merce Department reported Tues-
day. Construction had fallen by 14.3
percent in January to the slowest
pace in more than nine years.

Even with the better-than-ex-
| pected rebound, activity remained
28.5 percent below the level of a
year ago, underscoring housing’s
|” steep downturn.

_ Builders’ applications for new
permits, considered a more reliable
| gauge of future activity, continued

falling in February, dropping by 2.5
| percent to an annual rate of 1.532
| million units. That marked the 12th

decline in the past 13 months in
building permits.
|
|
|
|
i
|



The continued drop in permits
was seen as a troubling sign that
the fallout from the housing correc-
tion, which has already slowed eco-
nomic growth considerably, is not
over.

Patrick Newport, an economist
with Global Insight, forecast that
housing construction would
decline by 19 percent this year,
shaving overall economic growth

In a 335-page report, the U.S.
Chemical Safety and Hazard Investi-
gation Board said although the Texas
City plant had had several fatal acci-
dents over the past 30 years, the fed-
eral Occupational Safety and Health
Administration had done only one
process safety management inspec-
tion at the refinery — in 1998.

The report said the agency made
other, unplanned inspections after
accidents, complaints or referrals —
it didn’t say how many — but that
those visits were typically narrower
and shorter than planned inspections.

Nationally, the CSB found OSHA
had done few inspections between
1995 and 2005 that are supposed to
ensure compliance with OSHA’s pro-
cess safety management standard —
the type of inspections designed to
prevent disasters such as explosions.

Don Holmstrom, the CSB’s lead

U.S. ECONOMY

investigator of the Texas City blast,
said the investigation showed OSHA
did only nine such inspections in tar-
geted industries over the 10-year
period — and none in the refining
sector.

Holmstrom said the two agencies
worked well together in the immedi-
ate days after the accident. But after
the CSB learned of other major acci-
dents and fatalities at the Texas City
site and began to request material on
specific incidents, OSHA didn’t
always comply, he said.

Still, Holmstrom said, “available
evidence indicates that OSHA has an
insufficient number of qualified
inspectors to enforce the [process
safety management] standard at oil
and chemical facilities.”

An OSHA spokesman did not
immediately respond to a message
seeking comment.

—





HAMMERING AWAY: Construction of new homes and apartments rose 9 percent in February after a
big decline in the previous month. Above, workers toil on the roof of anew condominium complex

Housing construction jumps;
permits decline



by nearly 1 percentage point for the
entire year.

Last year, housing construction
fell by 12.9 percent, reflecting a
sharp slowdown in sales of both
new and existing homes as mort-
gage rates rose and demand slack-
ened after five boom years.

Weakness in the subprime lend-
ing market, which provides loans to
borrowers with poor credit, con-
tributed to the Feb. 27 stock market
plunge. The Dow Jones industrial
average fell by 416 points, the big-
gest point drop in more than five
years.

David Seiders, chief economist
for the National Association of
Home Builders, said the organiza-
tion’s survey of builder sentiment
tumbled in early March with many
builders expressing concerns that
tighter loan requirements,
prompted by rising mortgage delin-
quencies, would hurt sales.

“About 30 percent of the build-
ers responding to the survey said





DAVID ZALUBOWSKI/AP

MARK LENNIHAN/AP

OWES A LOT: The National Debt Clock in New York shows that the
United States has a debt approaching $9 trillion.

their sales have been adversely
affected since the beginning of the
year by the tightening of loan stan-
dards,” Seiders said.

Normally, the Federal Reserve
could be expected to alleviate a
credit crunch by cutting interest
rates.
However, the central bank is
expected to keep rates unchanged |
at the end of a two-day meeting on |
Wednesday out of concern that the
slower economy has not suffi-
ciently dampened inflation pres-
sures. Two closely watched gauges
of inflation at the wholesale and
retail levels showed big gains in
February.

By region of the country, the
West led the gains in construction,
posting a 26.4 percent jump, which
was the best showing since January
1997. Construction activity was also
up in the South, increasing by 18
percent, the biggest percentage
gain in that region in nearly two
years.





In a statement Tuesday, BP said it
has accepted responsibility for the
accident, worked diligently to pro-
vide fair compensation to those
injured and to families of those who
died, and cooperated fully with the
’ CSB.

“Notwithstanding the company’s
strong disagreement with some of the
content of the CSB report, particu-
larly many of the findings and con-
clusions, BP will give full and careful
consideration to CSB’s recommenda-
tions, in conjunction with the many
activities already under way to
improve process safety manage-
ment,” the statement said.

CSB clearly pointed a finger at
London-based BP for causing the
explosion, noting in particular that
“cost-cutting in the 1990s by Amoco
and then BP left the Texas City refin-
ery vulnerable to a catastrophe.”

INTERNET

Proposal
would give
domain
owners
privacy

f& Under a new proposal domain
name registrants would be able
to list third-party contact
information in place of their own
to provide them with privacy - or,
as some fear, help hide their
identities.

BY ANICK JESDANUN
Associated Press

NEW YORK — Many owners of
Internet addresses face this quan-
dary: Provide your real contact infor-
mation when you register a domain
name and subject yourself to junk or
harassment. Or enter fake data and
risk losing it outright.

Heip may be on the way asa key
task force last week endorsed a pro-
posal that would give more privacy
options to small businesses, individu-
als with personal websites and other
domain name owners.

_ “At the end of the day, they are not

going to have personal contact infor-
mation on public display,” said Ross
Rader, a task force member and
director of retail services for registra-
tion company Tucows. “That’s the
big change for domain name own-
ers.”

At issue is a publicly available
database known as Whois. With it,
anyone can find out the full names,
organizations, postal and e-mail
addresses and phone numbers behind
domain names.

Hearings on the changes are
expected next week in Lisbon, Portu-
gal, before the Internet Corporation
for Assigned Names and Numbers, or
ICANN, the main oversight agency
for Internet addresses.

Resolution, however, could take
several more months or even years,
with crucial details on implementa-
tion still unsettled and a vocal minor-
ity backing an alternative.

Under the endorsed proposal —
some six years in the making —
domain name registrants would be
able to list third-party contact infor-
mation in place of their own — to the
chagrin of businesses and intellectu-
al-property lawyers worried that
cybersquatters and scam artists could
more easily hide their identities.

“It would just make it that much
more difficult and costly to find out
who’s behind a name,” said Miriam
Karlin, manager of legal affairs for
International Data Group, publisher
of PC World and other magazines.
She said she looks up Whois data
daily to pursue trademark and copy-
right violators.

Whois database is used for much
more. Law-enforcement officials and
Internet service providers use it to
fight fraud and hacking. Lawyers
depend on it to chase trademark and
copyright violators. And spammers
mine it to send junk mailings.

Over the past few years, some
companies have been offering proxy
services, for a fee, letting domain
name owners list the proxy rather
than themselves as the contact.

It’s akin to an unlisted phone num-
ber, though with questionable legal
status.


4B | wepNespay, MARCH 21, 2007 __INTERNATIONAL EDITION _









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WORLD TRADE ORGANIZATION

Investigation launched
into EU banana tariffs

BY BRADLEY S. KLAPPER
Associated Press

GENEVA — The World
Trade Organization autho-
rized an investigation into the
European Union’s banana tar-
iffs on Tuesday, reopening a
decade-old dispute pitting
Latin American countries and
the United States against the
EU, officials said.

Ecuador asked. the global
trade body to establish a com-
pliance panel, claiming that
Brussels has failed to comply

with WTO rulings. The EU’

blocked Ecuador’s initial
request two weeks ago, but
could not delay the investiga-
tion a second time under
WTO rules.

The WTO has consistently

CONRAD BLACK

Media
baron
ripped as
corporate
swindler

BY MIKE ROBINSON
Associated Press

CHICAGO — Former
media baron Conrad Black’s
racketeering trial got under
way Tuesday with a federal
prosecutor calling him a cor-
porate swindler who stole mil-
lions of dollars, while his
defense attorney said the

money was made legally and .

ripped into the government’s

_star witness as a liar.

“It was theft, it was fraud, it

was crime,” federal prosecutor

jeffrey H. Cramer said in a
fiery opening statement.
Defense attorney Edward M.
Genson fired back that Black
and his three co-defendants
were innocent.

“They were entitled to the
money,” Genson said. “Were
they entitled to that much
money? That’s a philosophical
matter.”

But he appealed to the jury
not to hold Black’s enormous
personal profits in a series of
deals at the head of the Hollin-
ger International newspaper
empire against him.

“This was not Enron,” Gen-
son said.

Black, 62, and his three co-
defendants are accused of
siphoning $60 million out of
Hollinger through asset sales
in which all but attorney Mark
Kipnis pocketed millions of
dollars in payments from buy-
ers.

Black by himself is alleged
to be responsible for $84 mil-
lion that the company lost
through the payments.

“We all know what’ street
crime looks like,” Cramer said.
“A man knocks you down and
takes your money. This is
what a crime looks like in cor-
porate law.”

But Genson painted the
government’s star witness, F.
David Radler, the No. 2 man in
Black’s organization for dec-
ades, as the villain in the story.

“David Radler will come
into this court and lie to you
about Conrad Black,” Genson
said. He said that Radler
would claim that every deal
Hollinger made “magically
became a Black-orchestrated
deal after Radler cut his deal.”

Radler pleaded guilty to
one, count of mail fraud and
agreed to testify for the gov-
ernment in return for a rela-
tively lenient 29-month sen-
tence and a $250,000 fine.
Prosecutors say that Black, if
convicted, could in theory at
least be sentenced to 101 years
in federal prison.

Actually, U.S. District Judge
Amy J. St. Eve, who is presid-
ing over the trial, would
decide on the sentence, and
Black would probably receive
a much lesser amount of time
if convicted.

Black and former execu-
tives Jack Boultbee and Peter
Atkinson did receive pay-
ments in return for agreeing
not to compete with compa-
nies that bought hundreds of
U.S. and Canadian community
newspapers from Hollinger.

ruled against how the EU sets
tariffs for bananas, forcing the
27-nation bloc to overhaul a
system that grants preferential
conditions for producers from
African and Caribbean coun-
tries, mainly former British
and French colonies.

Brussels, however, says a
new banana tariff established
last year — 176 euros ($234)
per ton — has brought its rules
for banana imports in line with
WTO rulings.

But Ecuador, the world’s
largest banana producer, says
the new tariff has actually
taken away some of its market
share in Europe, hurting more
than 1 million Ecuadorians
dependent on the banana
industry.

_ MiamiHerald.com | THE MIAMI HERALD

The tariff has cost Ecuador
about $131 million (98 million
euros), trade negotiator Juan
Holguin has said.

“At the moment, the tariff is
discriminatory and doesn’t
allow our bananas to enter EU
markets. Our participation in
EU markets is going down,” he
said Tuesday.

Holguin told The Associ-
ated Press that Ecuador was
not opposed to entering into
further consultations with
Brussels, but that it was deter-
mined to make its case at the
WTO. He declined to say what
he considers to be a fair tariff,
adding that any number could
only come out of negotiations
with all interested parties.

BUSINESS BRIEFS

e TECHNOLOGY





PAUL SAKUMA/AP FILE
EARNINGS CLIMB: Oracle, the Redwood City, Calif.-based
business software maker, said that it earned

$1.03 billion, or 20 cents per share, for the three
months ended in February.

Oracle’s 3Q earnings
climb by 35 percent

From Herald Wire Services

SAN FRANCISCO — Oracle’s (ORCL) fiscal third-quar-
ter profit climbed 35 percent, lifted by strong software sales
that exceeded management’s projections.

The business software maker said Tuesday that it earned
$1.03 billion, or 20 cents per share, for the three months ended
in February. That compared with net income of $765 million,
or 14 cents per share, at the same time last year.

' Inameasure particularly important to investors, Oracle’s
sales of new software licenses also rose by 27 percent to $1.39
billion. That was better than the 16 to 22 percent increase that
management forecast three months ago.

Oracle shares gained 37 cents to close at $17.55 on the
Nasdaq Stock Market, then added another 81 cents, or 4.6 per-

cent, in extended trading.

e BANKS

BARCLAYS NEARS
ABN PURCHASE

Barclays (BCS) moved a
step closer to acquiring
ABN Amro (ABN), the big-
gest Dutch bank, after the
two companies agreed on
some terms of a merger,
including a head office in
Amsterdam.

The two companies
would name a chief execu-
tive officer from Barclays
and a chairman from ABN
Amro, Barclays said Tues-
day. The combined com-
pany would incorporate in
the U.K.

e AUTOMOTIVE

LEAR BOARD WANTS
ICAHN-LED BUYOUT

Lear’s (LEA) board is
recommending that com-
pany shareholders vote in
favor of a buyout offer by a
group affiliated with billion-
aire investor Carl Icahn for
about $2.8 billion, but some
stockholder opposition to
the deal remains.

The automotive supplier
said in a preliminary proxy
statement filed Tuesday
with the Securities and
Exchange Commission that
the board determined the
offer is fair and in the best
interests of the company
and its shareholders. The
board considered the rec-
ommendation of a special
committee of independent
directors.

e INTEREST RATES

FED EXPECTED
_TO BE REASSURING

Federal Reserve Chair-
man Ben Bernanke and his
colleagues are expected to
strike a reassuring tone
about the country’s eco-
nomic health Wednesday
despite persistent worries
that problems with risky
mortgages could spread.

Fed policymakers opened
a two-day meeting Tuesday
amid mounting concern on
Wall Street, Capitol Hill and
elsewhere about troubles in
the “subprime” mortgage
market.

e MOVIE RENTALS

BLOCKBUSTER CEO
TO LEAVE COMPANY

The chairman and chief
executive of struggling mov-
ie-rental company Block-
buster (BBI) got the com-
pany’s board to give him a
slightly bigger bonus for
2006, but not without agree-
ing to give up his job.

John Antioco, who has
been the CEO for nearly a
decade, will leave the com-
pany by the end of the year,
Blockbuster announced.
Shares closed down 25
cents, or 3.5 percent, to $6.86
in trading on the New York
Stock Exchange, then lost
another 6 cents in after-
hours trading. Under the
agreement, Antioco will get
a bonus of $3.1 million for
last year’s work.

LATE TRADING





4 6:35 Late 4p.m. 6:35 p.m. Late

Stock Tk. ‘dose clase Chg. volume Stock Tk. ‘dose close Chg. volume
Nasdi00Tr QQQQ 43.58 43.56 -.02 100515 | JPMorgch JPM 47.75 47.75 * 19721
Oracle ORCL = 17.55 18.06 * 51 97199 Cisco CSCO 26.34 26.37 = +,03 19479
Altria MO 85.83 85.83 81427 | Timewam TWX 20.25 20.25 * 19414
Hewett ne ae er +01 a Hallibtns HAL 30.50 «30.45 -.05 16624

p . . Microsoft MSFT 27.84 27.87 +03 16217
Se ate AE ae ee 42536 | paimrC DCX. 75.67 75.67 15527
Te oe ey aes ee8 | Intel INTC 1899 19.00 +01 15036
ishRaK nya (WM 7884 7884 * 39333 | HostHotls HST 26.71 ©2671 * 13430
SPOR Spy 140.97 140.88 -.09 31666 | ApldMatl AMAT 1850 1850 * 13048
Viragenh VRA 0.02 0.02 . 28545 AdobeSy ADBE 40.74 42.20 +146 = 12988
GenElec GE 34.77 34.77 21629 Dellinclf DELL 22.53 22.53 - 12281
FifthThird FITB 39.61 +3961 19873 | Altriawi © MO/WI 64.35 64.35, 11005



For up-to-date stock quotes, go to www.MiamiHerald.com and click on Business


THE TRIBUNE

WEDNESDAY, MARCH 21, 2007, PAGE 5B





Fund template the
SMART model for
competitiveness

Sixth template may be added; more than 110 licensed to date

@ By CARA BRENNEN-BETHEL
Tribune Business Reporter

he Bahamas needs to create a bet-

ter profile for itself in fund admin-

istration by examining emerging

forms of wealth management, it was said

yesterday, as relying on traditional models
would make it uncompetitive.

David Thain, general manager of Arner
Bank and Trust (Bahamas), told delegates
attending a wealth management seminar
that the Bahamas will not be able to com-
pete with the likes of the Cayman Island or
British Virgin Islands simply by relying
on traditional forms of fund administra-
tion.

He was making the case for Specific
Mandate Alternative. Regulatory Test
funds or SMART funds, which he is con-
vinced have a market in the Bahamas.

“T am convinced that there is a market,
if not for your own institution then for
your jurisdiction,” Mr Thain said.

He explained that SMART funds can be
a valuable tool in the Bahamas, as they are
highly flexible and efficient, providing an
alternative private wealth management
vehicles to more traditional products, such
as trusts and International Business Com-
panies (IBCs)

Smart

More than 114 SMART have been
licensed in the Bahamas to date since the
Investment Funds Act was passed in 2003,
providing the real growth area for invest-
ment funds domiciled in the Bahamas. At
present, there are five different SMART
fund models or templates, and a sixth may
soon be released.

One of the benefits of such a fund, Mr
Thain said, is that industry participants
can establish new SMART templates tai-
lored to the needs of a particular client
or client group.

He said this was an area that can prove

very valuable to the Bahamian financial
services lindustry, as SMART funds are
licensed entities, giving added credibility
because they have a recongisied regulator.

Mr Thain added that while the Bahamas
was in the business of IBCs, there were
other jurisdictions that do not wish to get
into the same business. “So if you go to a
counterparty with a private investment
fund, they will feel much better. If you go
to a broker in London or a broker in the
US and say I want to open a broker
account... they look straight past the IBC;
maybe they use it or not, but if you go
with an investment fund, they feel much
more comfortable,” Mr Thain said.

With the formation of a SMART fund,
the assets placed in the fund remain in it,
and the benefactor has shares in the fund
which can be converted to cash or other
value, leaving the assets untouched.

Mr Thain said that while this type of
fund may not be for every client, it can still
be a valuable tool.

Actuaries sue ex-Colina chief
over alleged $100k bill

FROM page 1B

Eckler alleged that its valua-
tion work was relied upon by
the defendant “for its intended
purposes”, meaning that Mr
Campbell was “estopped” from
denying that he had no obliga-
tion to pay the firm for its ser-
vices.

Mr Campbell would have
used Eckler’s valuations in

negotiations with his two for-
mer CFG partners in an

attempt to arrive at a fair valu-.

ation of his stake in CFG -
something that has been the
subject of a protracted legal bat-
tle that resulted in a previous
Privy Council ruling. The most
valuable asset in CFG was - and
still is - Colinalmperial, its life
and health insurance subsidiary.

Eckler alleged that it had
demanded payment for the out-

standing fees from Mr Camp-
bell on June 7, 2006, but nothing

_had happened.

“The defendant breached the
expressed provision Of the
agreement by refusing to pay
the plaintiff the said monies as
demanded, in part or at all for
services rendered,” Eckler
claimed.

As a result, it was seeking
payment of the $97,677 sum,
interest upon this, costs and oth-

er relief that the Supreme Court
saw fit to give it.

NOTICE

NOTICE is hereby given that KERDITH MORENCY
OF CORDEAUX AVENUE, P.O. BOX N-356, 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 21th day of
March, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

Legal Notice
NOTICE

MOOSE LIMITED

NOTICE IS HEREBY GIVEN as follows:

(a) MOOSE LIMITED is in voluntary dissolution under the
provisions of Section 137 (4) of the International Business
Companies Act 2000.

(b) The dissolution of the said company commence on the 20th
March, 2007 when the Articles of Dissolution were
submitted to and registered by the Registrar General.

(c) The Liquidator of the said company is Credit Suisse Trust
Limited, Rue de Lausanne 17 bis, Geneva.
Dated this 21st day of March, A.D. 2007

Credit Suisse Trust Limited
Liquidator



Legal Notice
NOTICE

MELONY LIMITED
NOTICE IS HEREBY GIVEN as follows:

(a) MELONY LIMITED is in voluntary dissolution under the
provisions of Section 137 (4) of the International Business
Companies Act 2000.

(b) The dissolution of the said company commence on the 20th
March, 2007 when the Articles of Dissolution were
submitted to and registered by the Registrar General.

(c) The Liquidator of the said company is Credit Suisse Trust
Limited, Rue de Lausanne 17 bis, Geneva.
Dated this 21st day of March, A.D. 2007

Credit Suisse Trust Limited
Liquidator



FIRSTCARIBBEAN

INTERNATIONAL BANK

CAREER OPPORTUNITY
7 for
SENIOR FINANCIAL ANALYST
BAHAMAS

ged
ee

‘POSITION VACANCY
MANUFACTURING PLANT OPERATIONS MANAGER

Qualifications:

° Accounting designation (ACCA, CPA or other similar
designation)

° Audit experience (Preferred)

° Prior experience working in/with financial institutions

° Proven analytical skills in reporting, moddling and forecasting

° Proven team management skills

Pepsi Cola Bahamas, an affiliate of Pepsi Americas, Inc., is searching for a
qualified individual to manage its manufacturing operations. This includes
Production, Quality Control, Maintenance, Warehouse, Fleet, and Logistics. (5
direct reports, 30+ indirect reports).

General Requirements/Responsibilities:

Qualified candidates must posses the following: » Assist with the preparation of annual financial statements
with IFRS

° Assist with the preparation of accurate and timedy quarterly
financial statements for publication as required by the
Securities Commission and BISX.
Ensures the integrity of financial information presented for
FirstCaribbean International Bank (Bahamas) Limited
Analyzes financial results and prepare variance explanations
for monthly reporting. ,
Ensures that financial and management reports are prepared
and distributed within established timedines
Consults with business units of the Bahamas entity, monitors
their performance and provides advice based on analyzed
results

> Assist with facilitating the annual audits and the preparation
of requisite schedules.
Interpret changes in accounting and reporting standards and
recommend changes and enhancements to systems and reports.

Education:
° Minimum Bachelor’s degree in business, operations or related field

Experience:
. Prior leadership, supervisor and coaching experience required. Operations
and distribution experience preferred

Personal:
Results oriented
Strong leadership
Team builder / Team player
Ability to coach and develop people
Excellent interpersonal skills
Process oriented
Problem solver
Ability to multi task

A competitive salary and benefits package will be offered to the successful
candidate. If you are a strong leader/manager capable of multi tasking and are
interested in being part of a dynamic, growing international company, please

Per eranil resinette: Applicants are requested to submit their resume with a cover letter

via email by April 4", 2007 to:
deangelia.deleveaux@ firstcaribbeanbank.com

FirstC aribbean International Bank (Bahamas) Limited
thanks all applicants for their interest, however only those
under consideration will be contacted.
Vacancies are open to Bahamian residents only.

Human Resources Manager
Pepsi Cola Bahamas Bottling Co., Ltd.
P. O. Box N-3004
Prince Charles Drive
Nassau, Bahamas
Fax: 364-2123
e-mail: rhonda.rolle@pepsibahamas.com


IHE TRIBUNE

AES: Broward licence
end ‘no major impact’

. ee ek



PU

INTENT TO CHANGE NAME BY DEED POLL

“The Public is hereby advised that |, CINDY ALISA DENISE
: -WILLIAMS-RAHMING of the Western District of the Island
"of New Providence, intend to change my name to CYNDI

“ALISA DENISE WILLIAMS-RAHMING. If there are any
“objections to this change of name by Deed Poll, you may write
-such objections to the Chief Passport Officer, PO.Box SS-742,
. Nassau, Bahamas no later than thirty (30) days after the date of

‘Fpub

lication of this notice.



SITUATION VACANT

Applicants must be familiar with automotive
computer analysis systems and preference will
be given to applicant with proven dealership
|: experience. References as proof of good work

re

ae Aye
OAS)

TRAINED AUTOMOTIVE
TECHNICIAN

experienced in American, Japanese
and Korean vehicles needed

lationships must be supplied.

Apply in person or in writing to:
Manager
QUALITY AUTO SALES
(FREEPORT) LTD.
Queens Highway
P.O. Box F-42405
Freeport, Grand Bahama



UBS

UBS (Bahamas) Ltd. is one of the world's leading financial institutions in the

Caribbean. Our Business Area Wealth Management International looks after wealthy

private chents by providing them with comprehensive, value enhancing services. Our
client advisors combine strong personal relationships with the resources that are
available from across UBS, helping them provide a full range of wealth management

services

in order to strenathen our team in Nassau, we are looking to fill the following
position

Caribbean Desk Head / Client Advisor

The position holder will be responsible leading the Caribbean Desk in Nassau,

Bahamas or become a client advisor on the desk. This includes supervising of day-to-

day activities and financial results, monitoring market conditions, and assessing risk.
The position holder has the task to identify new prospects and build-up the
corresponding relationships. S/he works closely together with product specialists for
analysing client needs and developing, marketing and implementing tailor-made
investment strategies and solutions. The acquisition of new clients will be a main
focus.

The candidate will provide input to senior management tegarding client
segmentation and marketing strategy for his/her region. S/he will assist in the
process of building and’dévelaping key accounts; leading this process where
appropriate. S/he maintains a direct relationship with clients resolves and escalates
client issues arising from the team.

The position holder is accountable for the implementation of operating policy and
standards.

Requirements for this position include:

e Minimum 5 years experience and a proven successful track record in Wealth
Management

e Minimum 5 years experience in client acquisition and relationship building

® Quitgoing and personable with great social skills. ;

for LNG development

FROM page 1B

Ocean Cay remained compli-
ant with the International Ship-
ping and Port Security (ISPS)
code.

“Tt does all add up,” Mr Sam-
son said of the costs. “We’re
anxious. The timing is pretty
good for us, Florida needs its
gas and hopefully we’re near-
ing the end.”

It is unclear though whether
the Government will move to
approve the LNG project,
though, especially with a gen-
eral election imminent. It would
likely fear the loss of votes
among the strong environmen-
tal lobby that has opposed the
locating of an LNG project in

the Bahamas.

The Tribune had contacted
Mr Samson after obtaining a
March 14, 2007, letter from
Broward County that had been
addressed to the Federal Ener-
gy Regulatory Commission
(FERC), the body that regu-
lates the LNG industry in the
US.

Paul Stanton, assistant to
Broward County’s Port Direc-
tor, said that on March 6, 2007,
the county commissioners had
“exercised their right to termi-
nate the 30-year natural gas
Pipeline Licence Agreement
between Broward County and
AES Ocean Express.

“The termination resulted
from the default of AES under
the terms and conditions of that
licence agreement, and AES’s

Legal Notice

NOTICE

AVALON BUSINESS CORP.

(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 19th day of
March 2007. The Liquidator is Argosa Corp. Inc., P.O.
Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)... ,

Lah

Legal Notice

NOTICE

ARCTIC POINT LIMITED

subsequent failure to cure
same.”

Broward County added that
as a result, it was opposed to
the FERC giving a two-year
extension to January 29, 2009,
as the date by when AES would
have to bring the project into

service.
Affair

However, Mr Samson said
the entire affair was “not of
huge significance”. He
explained that AES and
Broward County had reached
an impasse after the company
asked it to amend the terms of
the licence agreement, saying
that in the absence of the pro-
ject being approved by the
Bahamian government, it could

not keep paying to reserve real
estate it was not using.

Mr Samson said AES had
paid over $1 million in reserva-
tion fees. He pointed out that
real estate was usually the last
part of a project such as.this to
be sorted out, but AES had
arranged it earlier before all the
necessary approvals were in
place, “and it ended up biting
us”.

The company had met with
the Broward County Commis-
sioners to formally explain its
position, resulting in the agree-
ment’s cancellation.

“It’s kind of a little bit of a
vicious circle, but the project
does enjoy having eminent
domain rights over land for the
pipeline. It’s not of huge signif-
icance,” Mr Samson said.

NOTICE

NOTICE is hereby given that ROSELIE ST. CHARLES OF

PALMETTO POINT,

ELEUTHERA,

BAHAMAS _ is

applying to the Minister responsible for Nationality and
Citizenship, for registration/naturalization as a citizen
of The Bahamas, and that any person who knows any
reason why registration/ naturalization should not be
granted, should send a written and signed statement of
the facts within twenty-eight days from the 21st day of
March, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

Assistant Manager
Position Available Immediately
At

Domino’s Pizza

Qualifications:

You should have a High School Diploma
Past managerial experience ;
Certificate in Management is a plus

Must be available for day and night shifts,

including weekends

You should demonstrate strong communication,
leadership, motivational and people management

skills

You should have a valid driver’s license

You must have a GREAT attitude towards

In this position, the successful candidate will be expected to: n
customer service!

Use communication and negotiation skills to attract new clients and identify
client needs

Meet with clients and potential clients in social settings

Travel to meet with clients and potential clients

(In Voluntary Liquidation)

Basic responsibility to include:
Maintain product, service and image standard
To assist in supervision of all phases of
production.
To maintain a high level of efficiency &
productivity in all areas of store operation

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 19th day of
March 2007. The Liquidator is Argosa Corp. Inc., P.O.
Box N-7757 Nassau, Bahamas.

Senior Client Advisor & Client Advisor Latin America

In this challenging position you will be responsible for acquisition of new and
advisory of existing clients, as well as presentation and implementation of
investment solutions in the client's mother tongue

For this position we are searching for an individual who meets the following

requirements

* Extensive experience and a proven track record in Wealth Management

e Specialized in the fields of customer relations, investment advice and portfolio
management. -

e Excellent sales and advisory skills as well as solid knowledge of investment
products are key requirements. Fluency in English, Portuguese and Spanish is
essential

Please send résumé on or before
October 2, 2006
Attention: Human Resource Department
P.O. Box SS-6704
Nassau, Bahamas
Or Fax 356-7855

Interested? Written applications should be sent to:

ARGOSA CORP. INC.
UBS (Bahamas) Ltd. coe
Human Resources (Liquidator)
P.O. Box N-7757
Nassau, Bahamas

hrbahamas 5.com or



NOTICE

IN THE ESTATE OF JULES D. GRIFFING, late of
the City of Rutland, Vermont U.S.A., deceased



2a



I tic ing Information As Of:
Tsresday, 20 March 2007
i oy BIOS








52wk-Low _ ‘Previous Close Today's Close

Change Daily Vol. EPS $ Div $
0.54 Abaco Market 0.78 0.76 0.00 "70.282. ~0.000. N/M 0.00%
10.40 Bahamas Property Fund 11.25 11.25 0.00 1.689 0.400 6.7 3.56%
6.90 Bank of Bahamas 8.60 8.60 0.00 1,165 0.737 0.260 11.7 3.02%
0.70 Benchmark 0.85 0.85 0.00 0.265 0.020 3.2 2.35%
1.26 Bahamas Waste 2.19 2.19 0.00 0.199 0.060 11.0 2.74% j , of i
112 Fidelity Bank 1.30 1.30 0.00 0.170 0.050 7.6 3.85% NOTICE 1s hereby ead that all Pane having
9.00 Cable Bahamas 10.33 10.33 0.00 800 0.915 0.240 11.3 2.32% : : : :
1.67» Colina Holdings 2.10 2.10 0.00 0.078 0.040 26.9 190% any claim or demand against or interest in the above
9.38 Commonwealth Bank 14.00 14.00 0.00 0.998 0.680 14.0 4.86%
1.22 Consolidated Water BDRs 4.89 4.83 -0.06 0.118 0045 41.4 0.92% orators ve Ars Sr ele oT
Raa gee fase opie WN ce Moe Boe Fea eee gia Rea Estate should send same duly certified in writing
5.54 Famauard 5.94 5.94 0.00 0.552. 0.240 10.8 4.04% : R
10.70 Finco 12.45 12.45 0.00 0.779 0.570 15.7 4.58% to the undersigned on or before 28" March, 2007
10.90 FirstCaribbean 14.70 14.70 0.00 1,000 0.921 0.500 16.0 3.40%
10.40 Focol 17.06 17.06 0.00 1.644 0.510 10.4 2.99% : 5 aoe : :
a Ni he ee ree i sp EE ROE tad Aen after which date the Administratrix will proceed to
14.20 7.10 ICD Utilities 7.25 7.25 0.00 0.532 0.100 13.6 1.38% . > x .
9510 8.52 J. S. Johnson 9.05 9.05 0.00 0588 0560 15.4 6.19% distribute the assets of the Estate having regard only

P E 7.95%

to the claims, demands or interests of which she shall
then have had notice AND all persons indebted to
the above Estate are asked to settle such debts on or
before 28th March, 2007.

Last Price Weekly Vol.
Bahamas Supermarkets
Caribbean Crossings (Pref)

RND Holdings _



22.00 ABDAB
14.00

Bahamas Supermarkets
RND Holdi



52wk-Low Fund Name

1.8312 1.1273 Colina Money Market Fund 1.331194"
> 988 2? 6662 Fidelity Bahamas G & | Fund 3.0988°**
1 #254 $31 Polina MISE Preferred Bund 2.62






F
( 5419°**
I 3 1.1592 Colina Bond Fund 1.23. Pah
| f 804! 1.0000 f
f fs m E di 5ORB Ps, Gite bim
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
Pfevious Close - Previous day's weighted price for daily volume
fav Cle



sidelity Prime Incorme Fund
FREDERIK F. GOTTLIEB & CO.
Attorneys for the Executrix

P.O. Box AB-20405

Bay Street, Marsh Harbour

Abaco, The Bahamas

OM A ROEM oR See eo es ROR ‘
“VIEL last 12 month dividends divided by closing price NAV K'
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
INAV - Net Asset Value
IN/M - Not Meaningful
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

* -9 March 2007

‘ Curent day's weiahted price for daily volume ** .8 February 2007

aily Vol Witnat of total shar traded today *** ~ 31 January 2007

DIV $ - Dividends per share paid in the last 12 months
PIE - Closing price divided by the last 12 month earnings

**** - 28 February 2007




moe

THE TRIBUNE

WEDNESDAY, MARCH 21, 2007, PAGE 7B



S1.6m court order impacts |
Bahamas Film Studios sale

FROM page 1B

Bahamas Film Studios project
was undercapitalised from the
outset, and he was “left alone to
run” the development after his
two fellow partners - Hans
Schutte and Michael Collyer -
passed away in April 2005 and
December 2004 respectively.

“In order to keep the film stu-
dio operational, I invested a
substantial portion of my net
worth in the company,” Mr
Quigley alleged. “I personally
financed the company by charg-
ing approximately $160,000 of
company expenses to my credit
cards, mortgaging my house and
my mother’s house, cashing in
my savings and selling my car.

“T believed that all funds that
I personally spent, on behalf of
the company, would be reim-
bursed to me once the company
had sufficient funds. The return
of these funds is critical to me
and my future.”

Mr Quigley alleged that
before he died, Mr Schutte
transferred “a substantial
amount” of his Ashby shares to
Ross Fuller, managing director
of Nashville and Atlanta-based
investment bank, Stockton,
Fuller & Co.

Mr Fuller took over the pro-
ject’s running, especially its
financing. However, Mr Quigley
alleged that his relationship with
him broke down in 2006, cul-
minating in him being notified
by an October 10, 2006 e-mail
from Mr Fuller that he had
been dismissed as an officer and
director of Gold Rock Creek
Enterprises, the Bahamas-incor-
porated holding vehicle for the
Bahamas Film Studios. Ashby
owned Gold Rock Creek
through another Bahamian
company, Ashby (Bahamas).

Mr Quigley said he had
received no notification of the
September 26, 2006, Board
meeting at which he was dis-

missed. He alleged that since
the Bahamas Film Studios’
start-up in 2001, and up to
October 2006, he had never
been paid the full amount of his
salary, “and was often required
to pay expenses of the company
from my own pocket on the
understanding that I would be
reimbursed when circumstances
permitted. As a result, I now
find myself in a dire financial
position”.

Mr Quigley alleged that Mr
Fuller had refused to recognise
his reimbursement claim,
despite two letters being sent
to him by his Canadian attor-
neys, Voorheis & Company,
demanding payment of $1.304
million in unpaid salary and for
unpaid expenses.

In addition, Mr Quigley said
his Bahamian attorneys had
told him that due to his sum-
mary dismissal, he should be
“entitled to salary in lieu of
notice”.

“T am very concerned, in light
of what I know about Fuller,
that he will continue to cause
the company to refuse to recog-
nise my clam,” Mr Quigley
alleged. “I am also concerned
that following the sale of the
assets and/or undertaking of the
company, the company would
be left as a shell corporation,
unable to satisfy any judgement
that I am able to secure.”

He said his concern was
based on the fact that Mr Fuller
had “misled me and made bro-
ken promises” regarding the
Bahamas Film Studios; refused
to recognise his right to salary
and expenses reimbursement;
“reorganised the ownership
structure of [Gold Rock Creek]
without my knowledge or con-
sent as a director..... or repre-
sented an ownership structure
that was untrue; and relieved
him as a director without calling
a Board meeting to do so.

Mr Quigley’s affidavit also
raised concerns over whether
the Government had approved

Legal Notice

NOTICE

NOTICE IS HEREBY GIVEN as follows:

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

(b) The Dissolution of said Company commenced on March 20, 2007 when
its Articles of Dissolution were submitted and registered by Registrar

General.

(c) The liquidator of the said company is Lakeisha Collie of 2nd Terrace

West, Centreville, Nassau, Bahamas.

(d) All persons having Claims against the above-named Company are
required on or before the 20th day of April, 2007 to send their names and
addresses and particulars of their debts or claims to the Liquidator of the
company or, in default thereof, they may be excluded from the benefit of
any distribution made before such debts are proved.

_ March 21, 2007

LAKEISHA COLLIE

LIQUIDATOR OF THE ABOVE-NAMED COMPANY



the Bahamas Film Studios’ var-
ious ownership and ownership
structure changes.

Referring to an attempt by a
company called Mediator
Underwriting, headed by Bjorn
Monteine, to acquire the
Bahamas Film Studios, Mr
Quigley alleged that Mr Mon-

.teine had written to the perma-

nent secretary in the Ministry
of Financial Services and Invest-
ments on November 20, 2006.

The letter claimed “that
Fuller was obligated to obtain
permission from the Bahamas
National Economic Council to
effect the transfer of shares in
[Gold Rock Creek], but that no
such application was ever made.

“The November 2006 letter
states that in July 2005, ‘neither
Finpac [ a company controlled
by Mr Fuller] and [Ashby
Bahamas] had any ownership
rights [in Gold Rock Creek],
and that it was not legally pos-
sible to state either of these
companies had any ownership
rights in [Gold Rock Creek]
without having a written
approval from the Bahamas
National Economic Council”.

Such allegations and concerns
will raise questions, apart from
whether Mr Fuller has received
approvals for the sale and
allegedly altering the ownership
structure, on just how closely
the Government has been mon-
itoring developments at the
Bahamas Film Studios.

Several sources have sug-
gested to The Tribune that it
should have taken a much hard-
er line with Mr Fuller, given
that it is the project’s landlord
by virtue of owning the 3,500
acre former US Air Force Mis-
sile Base on which the project is
situated.

The protracted sale and law-
suits surrounding the Bahamas
Film Studios are negatively
impacting the Bahamas’
attempts to establish the Stu-
dios and the country as an alter-
native film and TV production
location to the likes of Holly-
wood, also hampering efforts to
diversify the Bahamian econo-
my.

Apart from Mr Quigley’s
action, The Tribune also under-
stands that Islands By Design,
the company run by Bahamian
Keith Bishop, has obtained a
Supreme Court injunction pre-
venting the Bahamas Film Stu-
dios from being sold until a law-
suit relating to an alleged
unpaid $80,000 bill for an envi-
ronmental impact assessment
(EIA) done on the company’s
behalf is paid.

Mr Fuller is understood to be
disputing this, but previously
told The Tribune that the mat-
ter would be dealt with “pru-
dently”. Not wishing to hold up
the project’s sale, Islands By
Design is waiting to see whether
the matter will be resolved.

Meanwhile, Mr Quigley
alleged that Mr Fuller appeared
to be aware of the need to
obtain National Economic
Council (NEC) approval to

Ee aS

MAINTENANCE SUPERVISOR

The incumbent will have overall responsibility for the efficient operation

and maintenance of equipment and machinery, with a keen focus on detail
in keeping with international standards. He/she will also be customer oriented
with a track record of mastery in mechanical areas.’ Specifically he/she will

be required to:

> Ensure the effective and efficient performance of the maintenance
function for the following assets:
Building and the environment
Packaging lines and blow molding operations
Utilities supplies: Electrical distribution, high and low pressure

air, refrigeration and RO water systems

Manage the workshop and the execution of planned and preventative
maintenance program
Diagnose equipment malfunction and remove, install or effect repairs

as necessary

Evaluate the maintenance performance in his/her area of responsibility,
compile reports and effectively use performance data

Maintain technical integrity of plant to attain production targets and
keep abreast with latest technological advancements

Ideal candidate would have strong Electrical & Mechanical Engineering
experience, demonstrate a proficiency to trouble shoot and repair common
_ electrical problems and have the ability to work independently.

Please send resume to:

Human Resources Manager

P.O. BOX N-3207
DA 16436

NASSAU, BAHAMAS



transfer Gold Rock Creek’s
shares, a February 25, 2005, let-
ter from the Ministry of Finan-
cial Services and Investments
saying the NEC had approved
his application to take a 29 per
cent stake.

Yet Mr Quigley alleged that
“further confusion” surround-
ed Gold Rock Creek’s owner-
ship structure in 2006, with Mr
Fuller telling company auditors
that Gold Rock Creek’s share
capital consisted of two shares
held in his name as nominee for
Ashby Bahamas.

The latter had 5,000 shares,
some 3,600 held by the Ashby
Corporation parent in Bermu-
da, and another 1400 held by
Finpac. Mr Quigley alleged that
this - a 72 per cent stake held by
Ashby Bahamas, and 28 per
cent by Finpac - supported the
ownership structure detailed in
the agreement with Mr Mon-
teine, a dealwhich fell through,
but was “inconsistent with the
evidence subsequently provid-
ed” by McKinney, Bancroft &
Hughes, the Bahamian law firm
that acted as attorneys for Gold
Rock Creek.

Mr Quigley then alleged that
Mr Fuller first fired him on May
5, 2006, only to send an e-mail
one day later asking him to
return to his post and help him,
holding out the promise that
additional capital would be
available.

. The promise of new investors
and capital coming in was what
had attracted him to remain at
the Bahamas Film Studios, Mr
Quigley indicated in ‘his affi-
davit.

He added that he was the one
who had signed the initial
Heads of Agreement and land
lease with the Government, and
played the key role in bringing
Disney to film Pirates of the
Caribbean II and III at the
Bahamas Film Studios.

In the initial agreement with
Messrs Schutte and Collyer, he
said his terms were for a salary
of $350,000 per annum and a 10
per cent stake in Gold Rock
Creek.

Mr Quigley alleged that as a
start-up, Cold Rock Creek ini-
tially did not have enough funds
to pay his salary.

When previously asked about
Mr Quigley’s lawsuit, Mr Fuller
said that he had no knowledge
of the matter “and cannot imag-
ine how an ex-employee with
no investment in the company
would......... file such a frivo-
lous lawsuit.

“We also believe that Mr
Quigley is an intelligent indi-
vidual who has moved on with
his life.... One that will not
include the Bahamas Film Stu-
dios.”

All those points are being dis-
puted by Mr Quigley.

4,468 of office space
downtown for lease.

Adequate parking and
infrastructure in place.

Please call Cd

TWO (2) PIPER AZTECS - 5 Seater Aircrafts

Owner asking $220,000 (ONO) for both Aircrafts as is.
The Aircrafts can be viewed at
Executive Flight Support, Nassau Bahamas

For further information or inspection call (242) 377-1256.



PARTS MANAGER/SUPERVISOR

SP,

For an expanding Freeport Auto Dealership.

Successful applicant must have a thorough
understanding of computerized inventory
systems and must be willing to supervise
and train others. Knowledge of Japanese
and Korean parts is a must along with
proven dealership experience.

Attractive and competitive remuneration
package available to successful applicant.

Please apply in writing to:
PARTS
P.O. Box F-41060
Freeport, Grand Bahama



NOTICE

The payment of Long-Term Benefits and Assistances in New Providence for March 2007
will be made at the Board's Fox Hill, Wulff Road and Jumbey Village Local Offices begin-
ning Thursday, March 22, 2007. Cheques may be collected from these offices between
the hours of 9:00 a.m. and 4:00 p.m.

Pensioners and/or their representatives are required to produce proper identification in

order to collect their cheques.

Acceptable forms of identification for Pensioners are the National Insurance Registration
Card, together with any one of the following:
1. A Passport;
2. A Voter's Card: or
3. Any other document which establishes, conclusively, the identity of the claimant.

Where the Pensioner is sending a Representative to collect his/her cheque, the Repre-
sentative should present an Authorization Form, completed by the Pensioner, or a letter
from the Pensioner authorizing the Board to release his/her cheque. Additionally, the
Representative should present any one of the above-listed items to identify himself/her-
self. Cheques will not be released to Representatives who fail to provide satisfactory iden-

tifying documents.

Please Note:

Pensioners born in March and September are now due for Verification.

Failure to be verified on-time, will result in the suspension of payments.


PAGE 8B, WEDNESDAY, MARCH 21, 2007

NOW HIRING DRIVERS

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Do you want to make some extra Cash?
$200 - $300 per week

Come Deliver for Domino’s Pizza

If you are:-
° 18yrs. or older
* Have a Drivers License & good Driving record
¢ Have your own Vehicle
¢ Great Customer Service Attitude
Then <” wants YOU!

Benefits

¢ Good Health Insurance. Plan

° Pension

Come into Abaco Markets Limited
Town Center Mall Office
And fill out an application Today.
Ph. 325-2122 Fax 356-7855



THE TRIBUNE



Downtown Board
backs Hilton deal

@ By CARA BRENNEN-
BETHEL
Tribune Business Reporter

THE proposed $30 million
“investment commitment” to
upgrade the British Colonial
Hilton is a further representa-
tion of the resort’s commit-
ment to the overall improve-
ment of downtown Nassau.

Charles Klonaris, director of
the Nassau Tourism and
Development Board, told The
Tribune that the Board was
delighted to hear that the new
majority shareholders of the
hotel - Adurion Investment
Management - had made an
investment commitment of
over $30 million to upgrade
the resort currently acting as
the anchor for Bay Street.

The College of The Bahamas
School of Social Sciences (SOS)
Department of Psychology, Sociology and Social Work

Presents

A Public Lecture Series
Issues in Human Sexuality

arch We = Ale 2

~ =



Executive Boardroom, F. George saisg Suite
Third Floor, Michael H. Eldon Complex
The College of The Bahamas
Thompson Boulevard

Gay Agendas: Desires, Ethics and Rights

Keynote Speaker: Dr Kriemild Saunders, Assistant Professor, SOS

Respondents:

Dr. Kirkley Sands, Associate Professor and Chair, SOS
Michael Stevenson, Assistant Professor, SOS
Susan Plumridge, Assistant Professor, SOS

March 19: Part I:

Same-Sex Unions: Christianity and Heterosexism

March 22: Part Il:

Sex Liberation: The Transformation of Sexual Morality
Psychoanalytic and Biogenetic Perspectives on the Basis of

Homosexuality
March 23: Part Ill:

“Regulating Queer Sex: Criminalization,
Constitutionality and a Legal Rights Strategy of Resistance

SCHOOL OF SOCIAL SCIENCES

Presents

A PANEL DISCUSSION
Perspectives on the Impact of Haitian Migration

to The Bahamas

-Wednesday, 21°' March, 2007 at 7:00pm

The Foyer, Ground Floor
Portia Smith Student Services Centre

Poinciana Drive

The College of The Bahamas (COB)

Panelists:

Mr. Earl Deveaux

Former Cabinet Minister and

Marketing Director
Lucayan Tropical

Dr. Evelyn McCollin
COB

Dr. Thaddeus McDonald

Associate Professor, History,

Dean, Faculty of Social and

Educational Studies, COB

Mr. Eliezer Regnier

Dr. Keith Tinker

Counsel and Attorney
Notary Public

Director, National Museum

of The Bahamas

FREE ADMISSION

Donations to COB fund gladly accepted

For further information,

Contact Dr. Evelyn McCollin at 397- 2606/7

Visit our website at www.cob.edu.bs



cab annla

T HE COLLECE OF THE BAHAMAS

EDUCATING & TRAINING BAMAMIANS



“The Hilton has always
played a very supportive role
in the development of Bay
Street, and this is just another
example of them putting their

_ money where their mouth is,”

Mr Klonaris said.

“They have done a lot to
improve the area, including
assisting the tourism police
located in downtown, and
clean-up efforts. We are very
pleased with this support. They
recognise the importance of
transforming the downtown
area.”

Last Wednesday, Tribune
Business reported that Aduri-
on, a subsidiary of Adurion
KG, a company founded by a
Swiss software entrepreneur,
has purchased the major con-
trolling stake in the hotel’s
holding company, the British
Colonial Development Com-
pany, from the Canadian Com-
mercial Workers Industry Pen-
sion Plan (CCWIPP) in a move
set to revitalise both the resort
and surrounding areas of
downtown Nassau.

CCWIPP will retain a minor-
ity stake in the British Colo-
nial Hilton, participate in any
upside and recoup its original
principal investment through
the Adurion transaction, while

the new investor will bring
extra capital, plus financing
and management expertise, to
take the resort forward and
“improve profitability”.

A CCWIPP spokesman told
The Tribune.that Adurion was
making a multi-million dollar
investment in the British Colo-
nial Development Company,
which also owns the Centre of
Commerce and Fort Nassau
Centre, in addition to the
hotel.

The spokesman described
the Adurion involvement as
“an investment commitment
of over $30 million”, with the

company preparing to lead a.

major refurbishment and ren-
ovation of the British Colonial
Hilton that will begin in
August-September 2007.

Mr Klonaris said Bay.

Street’s redevelopment was
progressing well. “I know that
there are people who may say
‘well we are not seeing any-
thing,’ but what we are doing
now is very important; we are
setting a foundation for the
project,” he added.

Mr Klonaris said that at the
moment, there were three
areas which the committee is
working on in laying this foun-
dation. They include complet-

ing the business plan for the
relocation of the shipping com-
panies to the new southwestern
port. That business plan that

will serve as the guide for the’

construction of the new port
is expected to be completed by
June this year.

Mr Klonaris said this was

critical for the redevelopment |

of downtown Nassau.

The second initiative, he
said, was the Cabinet paper
that is currently being pre-
pared, which will address the
traffic flow in the downtown
area.

Then there was the creation
and implementation of legis-
lation that would enable the
Downtown Development
Authority to have the ability
to act as a self-sufficient body,
collecting and spending rev-
enue in the area.

Mr Klonaris said that ulti-
mately, they would like the
ability to have financial con-
trol of the area to make
improvements such as putting
in parking meters on Bay
Street. and supporting the
downtown tourism police.

Mr Klonaris noted that
within two to three years, all of
the necessary legislation should
be in place.

US consultants to assess
NHI’s economic impact

The Government has hired a
US consulting firm, DAH Con-
sulting, to analyse the eco-
nomic impact its proposed
National Health Insurance
(NHI)-scheme will have on
Bahamian businesses and the
wider economy.

The Bahamas Chamber of
Commerce is set to host a
forum on health care reform
and the NHI tomorrow
evening at the British Colonial
Hilton.

Philip Simon, the Chamber S
executive director, explained
that the seminar is being held
at the behest of the organisa-
tion’s members in an effort to
provide adequate information
and foster dialogue on the NHI
issue.

Mr Simon said the Govern-
ment had recently informed
the Chamber that it had-hired
consultants to do a macroeco-
nomic study on the NHI’s
potential impact on the
Bahamian economy and busi-
ness community.

“That has been the extent of
the dialogue that we have had
with them.

“The Chamber as well as the
persons represented here have
been a part of a larger group
called the Coalition to Health
Care Reform, which has been
doing most of the direct dia-
logue with the ministry,” Mr
Simon said.

_ He said it had been a diffi-
cult task in trying to have infor-
mation requested deliveredm
but for whatever reasons it was
“either not being available, not
prepared or not willing to be
given”.

“It is something that. obvi-
ously stakeholders are going
to continue to ask about - what
is the National Health Insur-
ance scheme; how will it impact
my business; what is the cost
structure; what are the bene-
fits; compensation. You know,
these are all questions that we
hope to answer in a substan-
tive way on Wednesday,” he

explained.

e GlobalUnited, the business
run by PLP Clifton election
candidate, Jackson Ritchie, is
understood to be seeking to
raise about $6 million in a pri-
vate placement/offering,
informed sources have told

_ The Tribune.

This is a private offering to
selected investors, so members
of the public should not look to
become involved.

Global United and Mr
Ritchie have still to complete
their acquisition of Discovery
Cruise Line, the company hav-
ing expanded rapidly in recent
years from its former days as

- Tanja Enterprises through the

acquisitions of United Ship-
ping and Global Customs Bro-
kers within the past three
years. It is not known whether
capital is being sought to
finance this. There have been
unconfirmed reports that the
company is seeking to do a
sale-and-leaseback deal for its
Queen’s Highway property in
Freeport.

CAREER OPPORTUNITY

A leading jewelry company is expanding its Nassau Operations
and has openings, at various levels, in the following areas:

Marketing Inventory Control

BASIC REQUIREMENTS

Persons of integrity

1
2. Self-starters with drive and determination
3 Previous experience an asset

*

If you meet the above requirements and have skills in the above disciplines, we
will be pleased to welcome you to our winning team. The positions offer career

opportunities with excellent salary and benefits package.

Please submit your resume in confiden@ to;

CAREER OPPORTUNITY

P. O. BOX N-623
NASSAU, BAHAMAS.
OR
Fax: 328-4211

Email: humanresourcesnassau@dutyfree.com



ween eoatz a a a a

reumeacan

reewsvewe

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THE TRIBUNE



Chamber chief concerned over
Freeport licensees group recognition

FROM page 1B

ment were at one time hon-
oured by the Government of
the Bahamas and principals of
the Grand Bahama Port
Authority.”

The Association and licensees
may have a critical role to play
in Freeport and the Hawksbill
Creek Agreement’s future, giv-
en that clause 4 in the 1960
amendments to the Agreement
permits the creation by statute
of a ‘Local Authority’ that can
exercise powers of local gov-
ernment or administration in
the Port Authority area.

Clause

Sub-clause 2 of this clause
allows the Port Authority to
transfer, by written agreement,
all its “rights, powers and oblig-
ations” - effectively its regula-
tory and quasi-governmental










The Public

this notice.













PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL

is hereby advised that |,
STRACHAN of Prince Charles Drive, Nassau, Bahamas,
intend to change my name to ARLENE CARGILL. 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 SS-742, Nassau, Bahamas no
later than thirty (80) days after the date of publication of

PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, JERMELL CHAAZ
JOHNSON intend to change my name to JERMELL
CHAAZ SWEETING. If there are any objections to
this change of name by Deed Poll, you may write such >
objections to the Chief Passport Officer, PO.Box SS- |
742, Nassau, Baharnas no later than thirty (30) days after |
| the date of publication of this notice.

EXECUTIVE
MOTORS LTD

AUTHORISED TOYOTA DEALER

Available in Grand Bahama at Quality Auto Sales (Freeport) * Queens Hwy, 352-6122 « Abaco Motor Mall, Don MacKay Blvd, 367-2916

powers - to this Local Authori-
ty.
The catch, though, is that
such an agreement between the
Port Authority and a ‘Local
Authority’ must be approved
by 80 per cent of the GBPA’s
licensees, giving them and the
Association potentially major
powers over the Port Authority
and Freeport’s future.

Clause 3(8) stipulates that no
amendments can be made to
the Hawksbill Creek Agree-
ment without the consent of 80
per cent of licensees.

Mr Lowe said yesterday that
the failure to recognise the
Association’s incorporation
could restrict the participation
of licensees in the Hawksbill
Creek Agreement, taking away
their freedoms.

“Consider that, if the Port
Authority were indeed to be
wound up, it would follow that
all licensed [by it] would also
be subject to winding up, and
would have to then subject



ARLENE



* power steering

° manual trasmission

Auto Mall, Shirley Street (opp. St. Matthew’s Church)
Open Mon to Fri 8am - 5:30pm
Sat 8am - 12noon

Tel: 397-1700

E-mail: execmotor@batelnet.bs
Parts and service guaranteed

themselves to Governmental
licensing,” Mr Lowe said. “Not
to mention some grand reckon-
ing with respect to the privileges
of the bond, as it would no
longer be able to exist.

Consider

“Consider that, if one share-
holder or an outside entity were
to buy the other or all share-
holders out, a proper evalua-
tion of the Port Authority and
its assets would have to be

done.

“But, would not a part of this
value be based on the value and
strength of the licensees?
Would not the licensees count
largely towards any valuation
of goodwill? Would not the
licensees, by the very stipula-
tion of the Hawksbill Creek
Agreement, have to sign, giv-
ing consent? Might we move to
veto such action?

“Food for thought as we
move Freeport forward, for the
benefit of all involved.”

NOTICE

IN THE ESTATE OF BEATRICE A.
RUSSELL, (a.k.a. BEATRICE ANN
RUSSELL) late of 114 Hesketh Street, Chevy
Chase, Montgomery, Maryland, U.S.A.,

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 28" March, 2007 after
which date the Executor will proceed to distribute

the assets of the Estate having regard only to the

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

before 28th March, 2007.

FREDERIK F. GOTTLIEB & CO.
Attomeys for the Executrix

P.O. Box AB-20405

Bay Street, Marsh Harbour

Abaco, The Bahamas



opt
$






A



WEDNESDAY, MARCH 21, 2007, PAGE 9B

To advertise in The Tribune - the #1 newspaper
in circulation, just call 322-1986 today!

IN HOUSE

INVESTMENTS LTD

NOTICE TO
SHAREHOLDERS

The Board of Directors of In House Investments
Limited has declared a quarterly dividend for
Preferred Shares to all shareholders of record at
March 15, 2007 as follows:

Preferred Shares 7.25% per annum (payment
quarterly)

The payment will be made March 30th, 2007
through Fidelity Share Registrars and Transfer
Agents Limited, in the usual manner.

AUTO
SERVICE VACANCY

Freeport automobile dealership is looking for
an energetic person to fill the position of

SERVICE WRITER/

ADVISOR

in our Service Department. Prospective
applicants should possess similar work
experience with some training in customer
management relations. Intermediate
computer skills are a must. ©



_..... Please apply in writing to:
- Service Advisor
P.O. Box F-41060
Freeport, Grand Bahama

FIRSTCARIBBEAN

INTERNATIONAL BANK,

CAREER OPPORTUNITY

for

_ Treasurer — Bahamas and Cayman Operating Companies
Treasury Sales & Trading (TST)

Key Activities and Deliverables: '

¢ The Treasurer is a senior member of the TST leadership team that provide
best-in-class Balance sheet management, TST control and TST dealing support for
the FirstCaribbean Group. A key focus for TST is to enhance Group interest income
and develop / market TST products to the countries’ largest and most discerning
clients. Countries include: Bahamas, Turks and Caicos, Cayman, British Virgin
Islands, St. Maarten, and Curacao.

Successfully manage and extract maximum value from business projects and process —
improvement initiatives designed to strengthen the operational infrastructure of

FirstCaribbean TST

Build and improve the organizational structures and delivery platforms that support
the FirstCaribbean TST model and product lines

Manage to successful completion, business projects and process improvement
initiatives, designed t& stréngthen the operational infrastructure of FirstCaribbean

TST.

Develop effective partnerships with all functional groups including Marketing,
Finance, Human Resources and Operations & Technology that directly benefit TST
activities, customers and day-to day operations.

Key result areas include: balance sheet & liquidity management, product
sales/marketing function, product structured support, governance and market

risk

Qualifications/Experience:

¢ Graduate status with minimum of 7 years experience in the business/financial

world

¢ 3 years of specific management experience in a TST environment
¢ Association of Corporate Treasurers (ACT) or equivalent qualification

preferred

¢ Understanding of the local Bahamas markets, competition, geographic, macro
economic and global factors impacting TST activities

e Seasoned director with a solid track record of success managing and growing
TST / Treasury Products business in international financial institutions

¢ Solid operational experience in both a sales and a trading environment

Remuneration:

¢ Salary commensurate with the position’s seniority (FC Level 9 - the Bank

has 11 pay levels)

¢ Benefits- includes a car allowance, variable incentive pay (bonus) and preferred

loan rates

Applicants are requested to submit their resume with a cover letter via email by
March 23, 2007 to:

FirstCaribbean International Bank (Bahamas) Limited thanks all applicants for their interest,
however only those under consideration will be contacted.







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PAGE 10B, WEDNESDAY, MARCH 21, 2007

THE TRIBUNE. .



| head of bank-
| ing for the
| Caribbean

sight.



| has
_ firmed that
i}R o s §

FINCO
wyiintiks

McDonald's



Appointment

con-

McDonald
(RIGHT),
Royal Bank
of Canada’s

region, has been appointed

_as chairman, replacing Gor-

don Feeney who is retiring
after a 16-year stint.

Mr McDonald, who is a
30-year Royal Bank veter-
an and heads its domestic
operations throughout the
Caribbean, will head FIN-
CO’s Board of Directors in

_ implementing the bank’s

business strategy and cor-
porate governance over-

Mr McDonald, who was

| already serving on FINCO’s

Board of Directors since

; 2001, is also currently a
| director of RBC Royal
| Bank of Canada (Bahamas)
| Ltd and‘RBC Royal Bank

of Canada (Cayman) Ltd.

“T am very pleased to
announce that Ross has
replaced me in this key role
for RBC FINCO. He will
provide visionary leadership,
as RBC FINCO continues
in its important role as the
leading provider of home
financing for Bahamians,”
said Mr Feeney.

“T am proud to have wit-
nessed the outstanding
financial performance of
RBC FINCO over the
years, and I look forward to
hearing about the compa-
ny’s continued success.”

“T eagerly accept this new
challenge and look forward
to working closely with the
board as we chart RBC
FINCO’s success moving
forward,” said Mr McDon-

| ald.









@ MEET THE HONOUREES — Long-serving employees of Colinalmperial Insurance Company enjoy a stretch limousine ride.

s

ColinaIlmperial honours
long-serving employees

olinalmperial Insurance Com-

pany has honoured its long-

serving employees who have
given them 25-30 years service.

First, the employees were surprised
by the delivery of flower baskets to
their desks and later, as they were
escorted to a waiting stretch limousine,
fellow colleagues lined up to applaud
and congratulate them.

The employees were then transport-
ed to the French-Bahamian gourmet
restaurant Sun And... by the Monty

GETS YOU



Braithwaite, Colinalmperial’s presi-
dent, and members of the Board of
Directors. Mr Braithwaite congratulat-
ed them and presented them with
plaques of appreciation.

As a token of appreciation, and in
recognition of their contribution to the
growth and development of the com-
pany, each honoree was presented with
share certificates in Colina Holdings
(Bahamas), the parent company of Col-
inalmperial.

Richard Colby, honoree and prop-

Bs

erty manager, said he appreciated the
fact that Colinalmperial honoured their
long-term employees. He said: “We
look forward to being more of a bene-
fit to the company in the future.”

Pomp

Angie Taylor, director of underwrit-
ing, said she found the “pomp and
pageantry” given by the management
and staff at Colinalmperial touching.
“The fact that Colina recognised us for

our years of service and the talent we
bring to the company meant a great
deal to her,” she added.

Pearl Sylvester, manager of under-
writing, said she felt her time at Coli-
nalmperial was well worth it.

Dale Sawyer, claims adjudicator, said
building friendships with the people
she works with has been one of her
greatest joys. “When the staff was out-
side waiting and cheering for us as we
got off the elevator, it made me feel
great and appreciated,” she added.



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