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_02853 ( sobekcm )

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The Tribune

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MONDAY, MARCH 26, 2007 PRICE—75¢ _

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Tete iich






@ MINISTER of Education, Science
and Technology Alfred Sears and the
Minister of Foreign Affairs and Fox Hil!
‘MP Fred Mitchell mark the 200th anniver-
sary of the Abolition of the Transatlantic
Slave Trade at Fox Hill yesterday.

candidates to
constituencies

ahead of election

@ By PAUL TURNQUEST
Tribune Staff Reporter



THE PLP will officially
announce its slate of candidates
tomorrow at the Radisson
Cable Beach and Resorts Ball-
room.

The governing party is
expected to contest 39 of the 41
constituencies in the next gen-
eral election. -

PLP candidates to be
announced are as follows:

Prime Minister Perry Christie
- Farm Road and Centreville

Deputy Prime Minister Cyn-
thia Pratt - St Cecilia

Minister of Financial Services
and Investments Vincent Peet -
North Andros and the Berry
Islands

Minister of Tourism Obie
Wilchcombe - West End and
Bimini

Minister of Foreign Affairs



and the Public Service Fred
Mitchell - Fox Hill

Minister of Education and
Science and Technology Alfred
Sears - Fort Charlotte

Minister of Local Govern-
ment and Consumer Affairs
Alfred Gray - Mayaguana,
Inagua, Crooked Island and
Long Cay

Minister of Agriculture and
Marine Resources Leslie Miller
- Blue Hills

Minister of Social Services
and Community Development
Melanie Griffin - Yamacraw

Minister of Health and
National Insurance Dr Bernard
Nottage - Bain and Grants
Town

Minister of Youth, Sports ani
Housing Neville Wisdom - Kil-
larney

SEE page 11

| @ By PAUL

Third protest in a month to be
held in front of The Tribune

@ By PAUL TURNQUEST
Tribune Staff Reporter



A THIRD protest in less than a month will be held in front of The

- Tribune today as members of the Concerned Citizens of the

Bahamas (CCB) seek to denounce the writings of managing editor
John Marquis.

A press release from the group’s chairman, Ricardo Smith, said

the protest, set for 1pm, is to display the CCB’s “disappointment”

in the alleged unfair, biased and “terrorist-style” reporting of Mr

SEE page 14

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TURNQUEST
Tribune Staff Reporter

MINISTER of Foreign
Affairs Fred Mitchell, along
with the Minister of Educa-
tion, Science and Technolo-
gy Alfred Sears marked the
200th anniversary of the
Abolition of the Transat-
lantic Slave Trade at Fox
Hill yesterday.

In compliance with the
General Assembly resolu-
tion passed on November
28, 2006, Mr Mitchell and
Mr Sears held a small cere-
mony to observe the official
date chosen to commemo-
rate the landmark occasion.

“The reason that the date
25th March was chosen is
that today marks the date
when 200 years ago the
British Parliament passed
an act abolishing the legali-
ty of the transportation for

commercial reasons of

human beings from Africa
to the Americas to work as
slaves. Millions of people
died in the passage to the
Americas over the centuries
of this practice which has
been described as a crime
against humanity.

“Dr Gail Saunders and
other historians have noted
that ‘the Bahamas was
directly impacted by the
abolition of the transatlantic
slave trade. Writing in her
book Slavery in the
Bahamas, she notes that
some 1,400 liberated
Africans were set down on
the Bahamas after the ships
they were in were captured

SEE page 14




Body found; police
officer is stabbed









@ By ALEXANDRIO
MORLEY
Tribune Staff Reporter

THE decayed body of a
male was discovered in Grand
Bahama and a police officer
was stabbed in Nassau over
the weekend, according to
police reports.

Police said that on Satur-
day, shortly after 5pm, uni-
formed officers went to the
eastern end of Barbary Beach

after receiving information
about a “suspicious” vehicle
parked in an isolated area.
According to the report,
about 200 yards north of the
main Barbary Beach highway
police found a burgundy
coloured 1999 buick Regal
parked at the side of a paved
road with the body of a male
dressed in jeans, pants and a
black shirt slumped back in

SEE page 11

FNM claims the PLP is actively
copying their plans and visions

@ By PAUL TURNQUEST
Tribune Staff Reporter

THE PLP’s campaign strategy is to twist the facts, distort
statistics, misrepresent the FNM’s record and exaggerate their
own accomplishments in the lead-up to the next general election,
the official opposition said over the weekend.

Posted on the party’s website yesterday, the FNM’s latest
assertion is that the governing PLP is actively ‘copying the

FNM’s plans and visions to then represent them as their own on ,

the election trail. .

“In addition to naming their candidates at the last minute
and missing the constitutional deadline for making boundary
changes we hear that the PLP manifesto is way behind schedule,”

the release read.

SEE page 11

presley a SIE B

(Photo: Felipé Major/
Tribune staff)











Man is ‘critical’
after whole week
without dialysis

&@ By ALEXANDRIO

MORLEY
Tribune Staff Reporter

A MAN is in “critical” con-
dition at Princess Margaret
Hospital after receiving no dial-
ysis treatment for a whole week,
The Tribune has learned.

Last night, Mrs Patricia Col-
lie contacted The Tribune to
speak about her brother Perry
Morley, a 54-year-old diabetic
patient.

Ms Collie said he had been in
PMH from the last week of Jan-
uary due to a bacteria infection.

She said that, after he was
treated, a dialysis access tube
was taken out of his leg and she
was told it would be replaced.

“I was told by a doctor that
the temporary one was only
supposed to be in for one week,
but they kept it in for six
weeks,” Ms Collie said.

Following that, she said she
brought it to the attention of
the nurses that her brother’s leg
was swollen.

Ms Collie said the temporary
access tube was taken out of her
brother’s leg last week Sunday,
and that the hospital promised
to put in another one the fol-
lowing day.

SEE page 11





EATIUR
ae:

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PAGE 2, MONDAY, MARCH 26, 2007

THE TRIBUNE



Le LOCAL NEWS !

ETN oT TT ACC LC) BAPD

a — Micheline Connery, icooupanied by her husband Sir Sean Connery, presents Sir
Durward Knowles, president of the Bahamas Association for the Physically Disabled (BAPD),



with a cheque to assist the non-profit organisation to continue its work with the physically disabled
in the Bahamas. This is Lady Connery's second generous donation to BAPD. Her first donation
helped to build a playground for the children at BAPD.

(Photo: Christine Aylen)



Culture of Africa
is celebrated in
one-day festival

@ By ALEXANDRIO MORLEY

Tribune Staff Reporter

AFRICA has more to otfer
the world than just disease and
poverty, according to well-
known Bahamian architect and

musician Pat Rahming.

On Saturday, the Festival
of African Arts, a non-profit
organisation, and the African-
Bahamian Association staged
an event to “Celebrate
Africa” on the Southern

Recreation Ground.

Throughout the day, hun-
dreds of Bahamians were intro-
duced to various foods, cloth-
ing, dress, board games and art
from different countries on the
African continent.

for the event’s organisers, said
The Festival-of Arts is a

ie amas ia the on Ltd oe ae
abolition of the slave trade.

Montrose Avenue: For more than 400 years,

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LARGE SHIPMENT OB USED ¢

Europeans enslaved millions of
Africans through the transat-
lantic slave trade. It is thought
that more than 12 million
Africans were loaded on to
slave ships and that some three
million died.

After the total victory of the
Haitian Revolution in 1804, the
British realised it was a military
necessity to prevent the impor-
tation of potential African
insurgents into the Caribbean.
However, to maintain the eco-
nomic competitiveness of their
colonies, they were also com-
pelled to induce other colonial
and slave-trading powers to do
the same.

Therefore, the British cam-
paign against the slave trade by
other nations was an unprece-
dented foreign policy effort.
The United States outlawed the
importation of slaves on Janu-
ary 1, 1808, the earliest date per-
mitted by the constitution for
such a ban.

Abolition

February 23, 2007, marked
200 years - to the day - that par-
liament passed the bill to abol-
ish the slave trade in the then
British Empire. The bill went
into law on March 25, 1807.

“The continent of Africa is
the cradle of civilization and
there is a whole lot more that
we can learn from it,” Mr Rah-
ming explained.

“We have become accus-
tomed to watching television,
American media especially, and
the only references to Africa
are poverty and disease. Africa
has a lot more than poverty and
disease,” Mr Rahming said.

He said the event was intend-
ed to be a day when Bahamians
could simultaneously “explore
their past and enjoy them-
selves.”

It should be noted that the
Southern Recreation Ground
was initially established under
the aegis of Governor Sir Fran-
cis Cockburn (1837-1844) as a
place of recreation and meet-
ing for the newly-freed popula-
tion of Nassau.

The ground was a central
gathering spot for black
Bahamians from its establish-
ment during the emancipation
period until the achievement of
majority rule in 1967, hosting
such luminaries as Marcus Gar-
vey, Adam Clayton Powell and
Martin Luther King Jr.



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THE TRIBUNE



6 In brief

Police officer
treated in
hospital for
neck injury

AN off-duty police officer
was attending a function in Nas-
sau Village on Saturday night
when he was injured by another
male with a box-cutter.

The officer was stabbed in the
neck and taken to hospital
where he was treated and dis-
charged.

Police said a 33-year-old man
was charged with the matter
and is in police custody.

Man is held
after officers
discover
handgun

ON Saturday around 2.30am
officers of Operation Quiet
Storm patrolling the Marlbor-
ough Street area heard gun-
shots. They apprehended a 29-
year-old man in a Toyota Corol-
la.

Officers found a .38 handgun
with three live rounds of ammu-
nition on the man, who was
arrested and is in custody.

Man arrested
by police
after armed
robbery

ON Saturday around 5am a
male was robbed in the Kemp
Road and Wulff Road area.

Two males robbed the man
with a handgun and fled with
$150 cash and other items.

‘ Police said that about an hour
later an employee of Jackie’s
Beauty Salon on Chesapeake
Road was approached by two
males fitting the same descrip-
tion.

‘, The men tried to rob the
woman but were unsuccessful
(and fled on foot. Shortly after
‘that, officers from Wulff Road
police station arrested a suspect.

Four nations
to split sugar
quota from
St Kitts

lm GUYANA
Georgetown

FOUR Caribbean nations
will divide a sugar trade quota
surrendered by St. Kitts when it
shuttered its operations follow-
ing deep subsidy cuts by the
European Union, the industry’s
regional spokesman says,
according to Associated Press.

St. Kitts’ production quota of
14,145 metric tons will be split
among Guyana, Jamaica, Belize
and Barbados, Guyana’s For-
eign Trade Minister Henry Jef-
frey said. The exact ratio has
yet to be determined.

Jeffrey said the decision was
made at an African, Caribbean
and Pacific trade group confer-
ence, known as ACP, earlier
this month in Belgium, during

_ which the EU and its former
colonies were expected to dis-
cuss how to meet a World
Trade Organization deadline to
complete regional free trade
pacts.

“T am elated at the agree-
ment,” Jeffrey said, calling the
support the region received
from African and Pacific
nations “a significant act of sol-
idarity.”

The Caribbean had lobbied
African and Pacific member
nations to allow St. Kitts’ quota
to be shared among regional
producers ever since that island
nation’s sugar operations closed
in 2005 after nearly 400 years
of production.

St. Kitts said high production
costs and EU subsidy reduc-
tions of 36 per cent made it
impossible for their sugar indus-
try to survive.

The EU imposed the cuts fol-
lowing a complaint to the WTO
by rival sugar producers over
the ACP nations’ preferential
access to markets.

The Caribbean exports more
than half of its annual produc-
tion of roughly 589,670 metric
tons of sugar to the EU mar-
ket.

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MONDAY, MARCH 26, 2007, PAGE 3

Family of Deron Bethel still

ant answers one year later

Police blamed for death
of 20-year-old: mother
demands justice



@ By ALEXANDRIO MORLEY
Tribune Staff Reporter

THE FAMILY of a young
man who was allegedly shot to
death by a police officer told
The Tribune last night that
they were still awaiting “jus-
tice and an answer” as they
marked the first anniversary
of his death.

Yesterday, a memorial ser-
vice for Deron Bethel was held
at Baptist Bible Church on Sol-
dier Road.

In May, 2006, more than 100
police officers turned out on
Bank Lane, demanding that
authorities reverse a decision
to forward a police shooting
case to the magistrate’s court.

The officers’ protest was
timed to coincide with the
expected appearance in court
of Constable Nathaniel Char-
low, who was reportedly sched-
uled to be charged with
manslaughter.

The matter stemmed from
the shooting of Deron Bethel,
20, in Pinewood Gardens.
Bethel was shot to death under
unclear circumstances on Mon-
day, March 27.

Witnesses said the shooter,
who was dressed in plain-
clothes and riding in an
unmarked car, only identified
himself as a police officer after
having allegedly shot Bethel.

Since the shooting, Diana
Bethel, the young man’s moth-
er, has called for justice and

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answers.

An autopsy revealed that,
while initial reports suggested
only a single shot was fired,
Bethel was shot three times,
each one potentially fatal.

A coroner’s inquest into the
death was expected to take
place, but it soon emerged that
the Attorney General’s Office
had forwarded the matter to
the magistrate’s court.

Mr Charlow’s attorney,
Desmond Bannister, said the
shooting occurred while police
were on the job investigating a
complaint by a young woman
who had reported that she had
had a gun held to her.

The attorney accused the
attorney general, who is also
MP for Pinewood, of respond-
ing to constituent concerns.

If Mr Charlow was charged
with manslaughter before a
determination from the coro-
ner’s court, Bannister said, "It
would be a very unfortunate
day in the Bahamas."

Shortly after the shooting,
Attorney General Allyson May-
nard-Gibson said: "The [ques-
tion of a] cover-up came from
my own community; people are
very, very concerned about
shooting incidents, especially
when they involve the police...
and we will be sure that they
are all, every single one of them,
thoroughly investigated."

‘During an exclusive inter-
view with The Tribune yester-
day, Ms Diana Bethel said she

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@ PALLBEARERS carry
the coffin of Deron Bethel
last year

had cried every day since her
son’s passing.

“The public needs to know
that I am still angry and am
still looking for justice and an
answer,” Ms Bethel said.

“My son could have been
alive today if only they (the
police) had known who they
were looking for, but they did-
n’t know.”

Asked if there had been any
developments, she said the mat-
ter was to be heard in the mag-
istrate’s court, where it will be

. decided if the case is to be trans-

ferred to the Supreme Court.

“T have a baby right here
crying, and he will not get the
chance to know his father and
his father will not know him,”
she said.







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PAGE 4, MONDAY, MARCH 26, 2007

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE





The Tribune Limited

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

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

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

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

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

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

Publisher Edior 1972-

Published Daily Monday to Saturday

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

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



Disappointments of the Prime Minister

PRIME MINISTER Christie is disappoint-
ed that he was unable to achieve more during
his term in office. Aren’t we all.

“[’m disappointed in the slowness of the
realisation of the PLP’s vision for the country.
The major disappointment I have is that I
could have done more,” he said on a radio
talk show last month.

However, he said, he was extremely pleased
with the level of investment attracted to the
Bahamas during his administration.

He said that at this election — due before
May 22 — his government was going to the
Bahamian people on its record. According to
him it was a record that has shown achieve-
ment that has touched all islands and every

Bahamian positively. He is obviously talking ~

about his anchor projects. However, many of
them are still at the heads of agreement stage
and some of those that have been started are
sending out troubling signals.

On March 11 last year Mayaguanians were
celebrating the signing of the heads of agree-
ment for the beginning of a $1.8 billion invest-
ment over the next two decades by the I Group,
which plans to turn Mayaguana into the
Bahamas’ next free trade zone. It was reported

at the time that the I Group was marketing its ..

development based on the construction of the
“world’s longest runway.” I Group president
Stephen Roy told the press at the time that he
wanted to land an airbus at Mayaguana once
the 7,000-foot runway had been completed. A
harbour is to be dredged to accommodate
major cruise ships, and a canal also will be
dredged for yachts. The Group has also entered
into a joint agreement with the Bahamas Hotel
Corporation for the building of a resort area.
There also will be a residential community.
At the time — March, 2006 — Mr Roy’s
assessment of the Bahamian people working
on the project was that they were “energetic
and committed to seeing their island succeed.”
Asked for their opinion on I Group’s project
many Mayaguanians took a cautious wait-and-
see attitude. They said they were excited about
the new venture, but wanted to wait and see
how I Group president Roy’s “vision unfolds.”
Now a year later — March 20 — reports
reaching The Tribune from Mayaguana claim
_ that the island is “on the brink of civil unrest.”
This might or might not be an exaggeration,
but whatever the facts, elections are appar-
ently starting to interfere with the smooth run-
ning of I Group’s project. It is claimed that
known FNM supporters are being fired from

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the resort development “to fall in line with
the PLP’s wishes.” Five islanders claimed that
this was the reason for their firing, and blamed
it on their MP Alfred Gray and the island’s
commissioner.

On the floor of the House last week Mr
Gray denied their complaint. He also denied
that there was any political victimisation at
the island or on the I Group job site.

Mr Christie said he wanted to have Royal
Oasis at Freeport, from which so many
Bahamians lost their jobs when it closed,
opened a year ago. In almost every mention he
makes of the Royal Oasis, his government is
always “moving to a final resolution.” As
month drags after month, the “final resolu-
tion” seems no nearer than when Royal Oasis
closed its doors.

He also wanted to have a new straw market
completed in downtown Bay Street two years
ago. However, his government only got around
to signing a contract for its construction on
February 16 this year.

In 2006, he said that his government had
laid the foundations for a programme on
national health insurance. It is true that his
government proposed a health insurance plan,

but it is such that in its present form it would .

break the economy and only compound the
present inferior health service available at the
government hospital.

Again last year, in his progress report to
the nation at a PLP mini-convention, he said:

“We pledged that integrity would be the
watchword of our administration and that we
would serve the Bahamian people honestly,
unselfishly and tirelessly — so said, so done.”

It might have been “so said”, but, in the
light of all the scandals, starting with the Kore-
an boats fiasco, during his administration, it
certainly cannot be signed off as “so done.”

And now government has a dispute with the
Baha Mar development, for which heads of
agreement were signed in 2005, and which was
expected to have been well underway by now.
Apparently talks were not concluded on a sup-
plemental heads of agreement for the $2.4 bil-
lion project by the March 1 deadline, thus
jeopardising Baha Mar’s agreements with a
potential partner.

No wonder Mr Christie wishes he had done
more. Many heads of agreement have been
signed, and much sod has been turned over for
the breaking of ground for new projects, but
other than Atlantis Phase III, nothing as yet
seems to have sprung from the ground.












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Ignore Ricardo

Smith: leave

>

Marquis alone

EDITOR, The Tribune

THE recent protest in front
of The Tribune is proof that
democracy lives. This, even
though some may differ, is
exactly why everyone’s right to
express their opinion must be
guarded by the state. This also
proves that just like everyone
must have their say and should
be respected, the press which is
the Fourth Estate must not be
intimidated when _ the
“TRUTH”, regardless of who
the topic is about, is reported.

There is great similarity of
the pattern of the protesters
especially one in particular.
Ricardo Smith is the same per-
son who tried unsuccessfully to
destroy the FNM. This same
gentleman was a part of a pres-
sure group that tried on numer-
ous occasions to “strong arm”
the FNM, and when he was
totally ignored he disappeared.
He like a spoiled child if he can-
not have their way took his
marbles, and “game come”.

Mr Smith’s reputation is that
his voice must be the loudest,
in an effort to frighten or intim-
idate, but in most cases, he is
unable to achieve his goal. In
my opinion he is a mercenary
and will go to the highest bidder.

LETTERS

etters@tribunemedia.net



He has recently found refuge in
the bosom of the PLP and has
secured a substantive position
on one of the campaign teams
and will destroy anything in his
way toward earning his pay.

Bahamians know Ricardo
Smith. He is the same one who
said he will bring professional
basketball to the Bahamas, with
much fanfare. But no one
believed him then and no one
believes him now. Par for the
course.

Political mercenaries are
jumping from pillar to post try-
ing to see who they can “suck”.
They are unscrupulous and
have no shame. They would
fabricate stories and look you
in the eye and swear it is true.
They simply cannot be trusted.
The PLP will soon find out.

So the protest at The Tribune
even if it had merit was com-
pletely dispelled because it was
led by a character who no one
in the basketball world and on
the political front, trust. The
PLP, if they were smart would
not allow Mr Smith to get too

close. They will feel his wrath
soon. It-is believed that he is
only carrying out the wishes of
one who does not have the guts
to address the press, namely
The Tribune; especially since
history has shown him to be a
hypocrite. So, in my opinion,
Mr Smith is nothing more than
a hired gun, nothing more noth-
ing less.

As far a Mr Marquis of The
Tribune is concerned, he should
not be concerned because he
has a tremendous following,
who cannot wait to read his
next column. Bahamians know
truth when they see it. Threat-
ening Mr Marquis only com-
pounds the situation, because
obviously, he is not a weak indi-
vidual. It takes tremendous
courage for him to write the
way he does, and honest
Bahamians should collectively
congratulate him for a splendid
job. If we had more journalists
with half the courage, more of
these half baked stories would
not see the light of day. Simi-
larly, many public figures would
not be able to hide behind the
press.

WHITNEY ROLLE
Nassau
March 22 2007

Help is needed for former
Gladstone Farms workers

EDITOR, The Tribune

TO anyone who can help:

There is a situation in our
country today that many of us
believed had been resolved, but
it is still there and hurting some
of our brothers and sisters. Sev-
eral years ago Gladstone Farms
Ltd went into receivership. The

_ receivers told the workers that

they were not entitled to any-
thing and they were not given
any kind of compensation for
the years that many of them
worked at Gladstone. Some of
them past thirty years.

It is my understanding that the
employees below management
level were in a union and they
were waiting for the union to do
its job and look after their inter-
est. At that time the union exec-
utives said to the workers that
by the Bahamian laws they were
entitled to some sort of compen-
sation and they vowed to get it
for them. Time went by and the
union seemed to forget about the
workers and their plight and did
not tell the workers if they were
getting anything or not. They
were supposed to be responsible

NOTICE

NOTICE is hereby given that TRACY ANN BLAIR COAKLEY
OF 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 19th
day of March, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.





people looking after the interest
of people who were paying them
with their union dues to do just
that. That situation should have
been closed a long time ago, even
if it was not in the workers’
favour; but the last thing that the
workers heard was that the union
would get some compensation
for them and they are still wait-
ing.

Sometime later after the
union appeared to have given
up on the people who were pay-
ing them, the Prime Minister
heard about the Gladstone
Farm workers situation and
made a positive announcement
saying to the news media “Glad-
stone Farm workers would not
be left on the rocks”. The
employees were given a ray of
hope and they waited for the
Prime Minister to check for their
well being but it appears that he
forgot the workers and their
plight and nothing was said
about it anymore by the Prime
Minister. He, just like the union
bosses left the workers hanging,
or, better yet, under the rocks.

This was one mistake that the
Gladstone employees made.
They left situations in the hands
of the Government to work it
out for them. Nothing hap-
pened as usual. The Govern-
ment works for some of its citi-
zens and doesn’t even think
about others. To get something
that belongs to you from the

ee PTE ae

re Paint nN
ipyederoys -



Government you have to fight
for it. If you look around the
country today you would under-. -

- stand why there are so many

industrial. actions against the
Government. The Minister of
Agriculture cared less about the
poultry industry, which falls
under his ministry, and the Min-
ister of Labour was worse.

Another disheartening blow
to the employees soon followed.
After the episode with Glad-
stone Farms employees, a hotel
in Grand Bahama closed its
door under similar conditions.
The Government quickly
worked out something for the
hotel workers there, but still
would not say anything to the
Gladstone employees; even if
they had to say I can’t help you.
At least they would not have to
be looking and hoping. It
appears that the hotel workers
were more important than the
poultry workers even though
they all pay taxes, they all have
bills, they all have families, they
all could vote and they are
Bahamians looking for help.

When a Government that
was elected to serve the people
leaves you under the rock, what
can you do? Someone help
those workers.

GLADSTONE FARMS
FORMER EMPLOYEES
Nassau

February 2007

CNTPuer Seo 4
Mntity nt Experts

qt
i

eet

eer, OS i
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THE TRIBUNE MONDAY, MARCH 26, 2007, PAGE 5

© inbrief New drug claims



Three men

i d @ ©
questione, On Daniel Smith
shooting 2

FREEPORT -—- Grand ON the eve of the long-

Bahama police are questioning
three men in connection with a
drive-by shooting last week
which left one man in serious
condition at Rand Memorial
Hospital.

Chief Supt Basil Rahming
said a 23-year-old resident of
South Bahamia, a 22-year-old
resident of East Beach Drive,
and a 22-year-old resident of
Maliboo Reef are assisting
police with investigations into
the shooting incident at Mali-
‘boo Reef.

He said the shooting victim,

Deon Darling, 27, of Farnham
-Crescent, is detained in hospital
in serious condition with gunshot
wounds to the left upper arm.
. According to reports, police
zteceived a call at about 7.05pm
on March 22 from a resident of
Maliboo who reported hearing
gunshots being fired, and seeing
-a white car speeding away from
.the area.

A number of police units
were dispatched to investigate.
»While en route, officers received
information that a man suffering
from a gunshot wound had just
been brought to the hospital.

i Darting told officers that he
-was in the Maliboo Reef area
‘inside a blue Nissan Maxima,
talking with a friend, Kareem
Styles, 22, of Pioneers Way,
‘when a white Audi car with
three male occupants pulled up.

He said two men got out of
the vehicle with handguns and
opened fire. He and Styles
pulled off when one of the bul-
lets struck Darling in his arm.

Supt Rahming said Darling’s
condition is described as seri-

awaited inquest into Daniel
Smith’s death, astonishing
claims are emerging about the
true level of drugs in his body.

One American newspaper
is even quoting Nassau
sources as saying that the orig-
inal autopsy results were later
“faked” in a clumsy bid to
blur the true extent of drug
ingestion.

In fact, the National Enquir-
er says the drug level in
Daniel’s body was ten times
more than first reported,
heightening speculation over
the source of the methadone
he took shortly before his
death.

The Enquirer’s claims came
as Chief Magistrate’ Roger
Gomez prepared to open an
inquest which could hear up to
40 witnesses over the next
week or so.

He will be trying to estab-
lish whether Daniel, who died
at his mother Anna Nicole
Smith’s bedside at Doctors
Hospital last September 10,
was the victim of an accident,
suicide or homicide.

After Daniel’s death, no
official toxicology reports
were ever released. Nor were
the autopsy findings.

The Bahamian public had
to rely on private pathologist
Dr Cyril Wecht, hired by
Anna Nicole herself, to reveal
that Daniel had a “toxic”
cocktail of methadone and
anti-depressants in his system
at the time of death.

The Enquirer, however, is
predicting that doctors will tell
the inquest that there was so

American media reports levels
ten times that first reported
and original autopsy faked

who’ve learned about Bahami-
an toxicology testing on Daniel
believe his death couldn’t have
been an accident - the only pos-
sibilities are suicide or mur-
der.”

The paper says tampering
could have taken place without
the knowledge of the authori-
ties. :
It even speculates that there te
will be a call for exhumation of
the bodies of Daniel and Anna
Nicole, now lying side-by-side
at Lakeview Cemetery.

With the paternity of Anna
Nicole’s daughter Dannielynn,
ownership of her home Hori-
zons, and the cause of:
Daniel’s death all to be deter-
mined in Nassau, it’s likely the
world media spotlight will fall
on the Bahamas for weeks to
come,

A media observer said last
night: “Once the paternity and
home ownership issues are out
of the way, the full glare of pub-
licity will fall on the inquest.
That’s when things will really
get interesting.”

Among witnesses to be called
will be Howard K Stern, the
lawyer who claims to be Dan-
nielynn’s father.

He will be asked, under oath,
to describe the exact circum-
stances surrounding Daniel’s

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B@ DANIEL Smith

entities” behind the backs of
local pathologists “to obscure
the facts and create contfu-

ous. He said police retrieved a much methadone in his body _ sion.” death on that fateful Sunday
ans of spent rie ne that it couldn’t have been an l morning.

om the scene in Maliboo Kee accident. 4 He, Anna Nicole and
and impounded the Maxima. And the paper quotes Nas- Toxico Osy Daniel were said to be the

St Lucia to

sau “insiders” as saying that
the government’s autopsy
results were later faked in “an
act of sabotage by unknown

The Enquirer quotes a
source close to the investiga-
tion as saying: “Doctors

only three people in the room
at the time.

There will also be evidence
from police, doctors and wit-

-hold talks
with Taiwan
-delegation

‘m STLUCIA
Castries

nesses from within Doctors
Hospital itself.

The inquest is due to get
underway tomorrow.



NOTICE

WE HAVE MOVED

LIFE CHIROPRACTIC
CENTRE GI

has moved to the REAR |
of our former office

#7B Village Road _

Phone: 393-2774 —
Fax: 394-3067

“© ST Lucia has irritated China .
- by announcing trade talks with
va high-level delegation from
» Taiwan.
.. St Lucia’s foreign ministry
y Said it has agreed to meet soon
«with a delegation led by Tai-
‘iwan’s Foreign Minister James
» Huang to discuss “cooperation
‘iand mutual interests,” prompt-
.ing a formal protest from Chi-
onese Ambassador Gu Huaming.
+) Although Taiwan is self-gov-
-erning, communist Beijing
»insists the island that broke
daway amid civil war in 1949 is
«part of China. China and Tai-
..wan both engage in “dollar
» diplomacy” to win diplomatic
alliances with other nations by
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PAGE 6, MONDAY, MARCH 26, 2007

THE TRIBUNE



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A DAY of fun and learning
activitiers is promised at the
Bahamas Natinal Trust Spring
Fling on Saturday, March 31.

The event sponsored by Ken-
tucky Fried Chicken, Burger
King and Quiznos will take
place at The Retreat on Village
Road from 11:00 am — 5pm.

As well as the “Old Time
Games Area” where children
can play hopscotch, jump rope,
hula hoop, marbles and jacks,
a children’s crafts area will pro-
vide a creative outlet for the
aspiring artist, and special edu-
cational wildlife exhibits by
Ardastra Gardens and Zoo
from noon until 3pm. A sur-
prise Easter Egg Hunt is also
planned for children eight and
under.

Artisans will be display ing
their work and young business-
es will be on hand to promote
their products. If you are in the
market for jams and jellies, Ma
Wells, Bahamabee and Ena’s
Kitchen will be happy to fill
your basket. For those looking
for that special necklace or ear-
ring to wear on Easter Sunday,
Spring Fling will have an amaz-
ing selection of designer jew-
ellery from Sherlene Blackwell,
Judy Reavey, Dagny Drudge
and Marcella Dean. Christina
Maillis will be on hand with her
wonderful sayings and Banana
Leaf Creations and Fran Outten
of Floral Treasures will have
the perfect spring wreath or
arrangement for your home.
Glenda Pennerman of Smart
Kids Bahamas will have an
array of educational games, toys
and books designed for fun but
also providing a learning expe-
rience as well.

Starbucks will hold a tasting
booth from 1-3pm.

Food and refreshments will
be available from Philipino
Delights, Milano Bistro, South
Andros Delights, Original Crab
House and desserts from Kadie
Mills and Sweet South.

Gardeners will have an
opportunity to purchase palms
from The Retreat Garden and
Retreat curator Tanya Fergu-
son will be on hand to give tips
on how to make these tropical
gems flourish in your garden.
Patricia Cartwright of the
Green House Nursery will have



year’s Spring Fling



@ MEETING an Ardastra Gardens and Zoo resident at last

i CHILDREN enjoy themselves playing games

an assortment of plants that will
bring Spring to your home and
garden.

The Godfrey Higgs Pavilion
will be the centre of the Spring
Fling with educational talks,
adult ccrafts and gardening
workshops taking place
throughout the day.

11.30am Native Plant Propa-
gation by Shenique Albury

12.30pm Low Maintenance
Landscaping with Tim Bethel
of Terrain Design ©

1.30pm Creating a Herb Gar-
den in a strawberry pot, facili-

BAHAMAS ———



Oy

[ —— LIMITED

RETAIL OPERATIONS CONSULTANT

tated by the Nassau Garden
Club

2.30pm Tile Art: Create a
fun piece. out of tile and sea
glass

3.30pm Create Your Own
Stepping Stone facilitated by
Kathy and

The afternoon’s fun will end ~

with a special dog agility
demonstration by the Nassau

- Obedience and Agility Club at

4pm.

All proceeds from the event —

go to support The Bahamas
National Park system. _ i

Bahamas Supermarkets Limited operates a leading supermarket chain in The Bahamas. As a market
leader, the Company prides itself on delivering premier service through its City Market supermarkets,

having a strong commitment to its customers, associates and community.

An opportunity for a Retail Operations Consultant to join this market leader has arisen.

a

Reporting to the CEO, the successful applicant will have previous experience in development and
implementation of systems and strategies designed to improve Supermarket operating standards,
efficiency, sales and profitability and have an intricate knowledge of all operations areas in the retail
environment. Key selection criteria include:

Sound technical and practical experience in all Supermarket operations
Intricate knowledge of and experience in implementing an SMS (Store Management Suite) retail

system

Strong business acumen with the ability to creatively solve problems
Ability to evaluate and modify all buying and replenishment systems

Manage relationships within the business encompassing budgeting, forecasting and sales

objectives

Ability to develop and deliver training modules on an the job training in all aspects of Retail

Operations

Ability to identify system, control and process improvements
Have good communication and interpersonal skills with the ability to mentor a team
Solid functional computer skills with working knowledge of Microsoft applications and buying

systems.

If you have what it takes to succeed in this challenging role, forward your resume and cover letter to:

Human Resources
Bahamas Supermarkets Limited
East-West Highway
P.O. Box N 3738
Nassau, Bahamas
Or e-mail to

humanresources @bahamassupermarkets.com

No telephone inquiries please





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THE TRIBUNE

MONDAY, MARCH 26, 2007, PAGE 7





Lyford Cay Foundation announces
COB scholarship for Inagua student

Gift from Erickson Estate

THE founding family who
revived the salt industry in
Inagua is turning its love of
the island and belief in its peo-
ple into tangible benefits,
endowing a $4,000 per year
scholarship to the College of
the Bahamas for a student
from Inagua.

Announcement of the gen-
erous gift from the estate and
family of the late A W (Bill)
Erickson was made by the
Lyford Cay Foundation. The
first scholarship will be avail-
able for the 2007/2008 acade-
mic year.

“We are very pleased to
report that the Lyford Cay
Foundation has received a
very generous gift toward our
College of the Bahamas Schol-
arship Fund from the estate of

’A W Erickson and his three
children to establish the Erick-
son Family Scholarship for stu-
dents from Inagua studying at
the College of the Bahamas,”
said foundation director of
educational programmes
Roger Kelty.

“Bill Erickson’s children
speak fondly of their memo-
ries of Inagua and their desire
to make a significant and last-
ing contribution to the Inagua
community. Through their gift,
they will continue to impact
the lives of Bahamians from
Inagua.”

COB president Janyne Hod-
der called the gift “a wonderful
demonstration of how people
become involved in a commu-
nity.”

She added: “Wherever they
are from, they will get engaged.
and help that community

ow.”

She said behind every schol-
arship lies a powerful person-
al story. “I always tell every
recipient when they have a
scholarship, ‘think about the

people who gave it.’ It’s really ‘

about the people.”

The Erickson Family Schol-
arship is no exception — the
lives of the benefactors were
the stuff of books about island
pioneers.

More than 70 years ago,
young Jim Erickson, a Har-
vard graduate taking a year’s
business course at MIT, visited
the Bahamas and became fas-
cinated with the salt pans of
Great Inagua, defunct since
after World War One.

Driven by the idea of reju-
venating the industry, he per-
suaded his two brothers, Bill
and Doug, to join him. With
financing from their parents,
the three Erickson brothers
bought a large piece of land,
which included Salt Pond Hill
and its adjacent 12-mile long
lake, where salt could be har-
vested from the shallows.

They named their company
West India Chemicals Limited
and each of the brothers even-
tually married and had chil-

TROPICAL
EXTERMINATORS

TRAE TH
PHONE: 322-2157



ER es

MONDAY,
MARCH 26TH

6:30amBahamas @ Sunrise - Live

11:00 Immediate Response

12:00 ZNS News Update (Live)

12:05 Immediate Response

1:00 Legends: Marjorie Davis

2:00 One Cubed

2:30 Turning Point

3:00 Dr. Jamal Bryant

3:30 Bishop Neil Ellis

4:00 Lisa Knight

4:30 Cybernet

5:00 ZNS News Update

5:05 This Week In The Bahamas

5:30 My Home

6:00 Gospel Grooves

6:25 Life Line

6:30 News Night 13 - Freeport

7:00 Bahamas Tonight

8:00 You & Your Money

8:30 Church of God in The

Bahamas: 86th Annual
National Convention

10:30 News Night 13

11:00 Bahamas Tonight

12m/n Immediate Response

1:30amCommunity Pg. 1540AM

NOTE: ZNS-TV 13 reserves the
right to make last minute

programme changes!

































dren, making Inagua their
home.

Bill Erickson’s daughter,
Louise Ulbrich, recalled child-
hood memories and said grow-
ing up in Inagua prepared her
for her present life on a farm
in remote Warren, Maine.

Taken to Inagua as a new-
born, she remembered early
years without basics like run-
ning water on the island, but
any hint of hardship was com-
pensated by an environment
of trust where no one locked
doors and there was never a
sense of fear. Occasionally,
however, a feeling of loneli-
ness would set in as one cousin
or another left for a high
school education abroad. Like
her cousins, Louise left island
life for the States as she
entered high school, but not
before she had learned how to
drive a salt truck.

Early childhood in Inagua
moulded the family’s strength
and character.

“The island community of
local Bahamians, Haitians,
people from Stateside and
Turks and Caicos Islanders
who came over to work, nur-
tured us. Inagua continues to
be our common point of ref-



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@ THE estate of A W (Bill)
Erickson (centre) revitalised
the salt-harvesting industry in
Inagua and sold it to Morton
Salt in 1955. Now, in tribute to
the fond memory they hold
for Inagua, the family has
made a $4,000 per year schol-
arship available to a student
from Inagua to attend the Col-
lege of the Bahamas.

erence, and to avail an Inagua
student of the opportunity for
further education expresses
our gratitude to the people of
Inagua.

“We all grew up with the
needlepoint our great great-
grandmother made in 1823:
‘Labour for learning before
thou art old; For learning is
better than silver or gold’ and
I think that inspired us, too.”

The Erickson brothers sold
to Morton Salt in 1955, 20
years after they began the
business that revitalised the
economy of Great Inagua.
Seven decades later, they are
putting the words of their great
great-grandmother’s sampler
to work for Inaguans. Schol-
arship applications are avail-
able at COB Financial Aid.





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my ~R ISt
og PICTET @HWHOmm ay
In Association with

Wee ae ont
the INassau |*lusic Society

Present

~ Job glimess Wieles

Friday, March 30th, 2007 7 Saturday, March 31st, 2007
St. Paul's Church Hall St. Andrew's Kirk
8:00 P.M. 8:00 P.M.

: $25. : $10.0
Members: $25.00 Non-members: $35.00 Students: $10.00

The Albek Trio Will Perform Works By:
Mozart + Shostakovich ° Falla > Smetna

Reservations and Tickets Available at:

A.D. HANNA & CO., Deveaux Street - 322-8306

_ STAR GENERAL, Marathon Road - 393-5529
MOIR & CO., Lyford Cay Shopping Centre - 362-4895

and View the Programme at www.nassaumusicsociety.org —




PROSPECTUS
THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS
BAHAMAS REGISTERED STOCK 2026 AND 2027
ISSUE OF B$50,000, 000.00

Issued under The Bahamas Registered Stock Act, and authorized by Resolutions of the House of
Assembly, 21st June, 2006.

Applications will be received by The Banking Department beginning at 9:30 am on 16th March, 2007 and
will close at 3:00pm on 26th March, 2007. Allocations will commence at 9:30 a.m. on 27th March, 2007 and
will cease at 3:00p.m. on 28th March, 2007.'

If the total subscriptions exceed the sum of B$50,000,000.00 (Nominal) partial allotment will be made to
subscribers, and a proportionate refund will be made as soon as possible after allotment. No interest will be
paid on amounts so refunded.

The date of this Prospectus is 15th March, 2007

The Government of The Commonwealth of The Bahamas invites applications for Bahamas Registered
Stock totalling B$50,000,000.00. The Stock will be available in a range of maturity dates; the earliest being
repayable in 2026 and the latest in 2027. The total amount of Stock offered, the rate of interest and the issue
Price are given below :- :

Issue
Amount Price
BS BS
25,000,000.00 100.00
25,000,000.00 100.00
50,000,000.00

Rate Of Interest

9/32% Above Prime Rate
5/16% Above Prime Rate

Bahamas Registered Stock 2626
Bahamas Registered Stock 2027

The Stock-shall be repaid on 28th March, in the year appearing in the name of the Stock.
INTEREST

The Stock will bear interest from 28th March, 2007, at the rate shown against the name of the Stock as the
percent per annum over the Prime Rate (i.e. the prime commercial interest rate from time to time fixed by the
Clearing banks carrying on business in the Island of New Providence in The Bahamas. If there shall be any
difference between them, then that which is fixed by Royal Bank of Canada). Interest shall be payable half-
yearly commencing on 28th September, 2007 and thereafter on 28th March and 28th September in every year
until the Stock is repaid.

CHARGE UPON CONSOLIDATED FUND

The principal monies and interest represented by the Stock are charged upon and payable out of the
Consolidated Fund and assets of The Commonwealth of The Bahamas.

SUPPLEMENTARY PROVISIONS

The Stock will be issued by the Registrar (The Central Bank of The Bahamas).
Applications will be received by The Banking Department beginning at 9:30 am on 16th
March, 2007 and will close at 3:00 pm on 26th March, 2007. Allocations will commence
at 9:30 a.m. on 27th March, 2007 and will cease at 3:00p.m. on 28th March, 2007. All
envelopes enclosing applications should be labelled “Application For Bahamas
Government Registered Stocks”.

Issue of Stock

Units The Stock will be in units of B$100.00.

Applications Applications must be for B$100.00 or a multiple of that sum.

Application Forms Applications for the Stock should be made to the Registrar on the form attached to the
Prospectus and may be obtained from the Registrar offices in Nassau and Freeport, The
Treasury Department (Marlborough Street & Navy Lion Road, Nassau) or any of the
following banks:

Bank of The Bahamas International

First Caribbean International Bank (Bahamas) Limited

Finance Corporation of Bahamas Limited

Commonwealth Bank Limited

Royal Bank Of Canada

Scotiabank (Bahamas) Limited :

Fidelity Bank (Bahamas) Limited (formally British American Bank(1993)
Limited)

Citibank, N.A.

PUBLIC DEBT

Provisional estimates from the unaudited accounts as at December 31, 2006 show the Public Debt of The
Bahamas to be B$2,880,739,000.*

GOVERNMENT REVENUE AND EXPENDITURE

The following information is extracted from the unaudited accounts of the Government of The
Commonwealth of The Bahamas.

FY2005/2006p** FY2005/2006p** FY2006/2007p**
BS BS BS
Approved Budget Approved Budget
”
Revenue 1,221,454,000 1,132,774,000 1,338,971,000
Recurrent Expenditure (excluding

Repayment of Public Debt) 1,149,582,000 1,145,691,000 1,269,560,000

Capital Development
Expenditure (excluding loans
contributions and advances
to public corporations) 123,454,000 132,901,000 162,356,000

‘ ** Provisional estimates from the unaudited accounts.

* — The Public Debt amount is inclusive of The Public Corporations contingent liability which as at

December 31, 2006 totalled B$499,067.000.



PAGE 8, MONDAY, MARCH 26, 2007

THE TRIBUNE





The Caribbean and

future prospects

@ By Sir Ronald Sanders

(The writer is a business
executive and _ former
Caribbean diplomat)

N the year marking the
200th anniversary of the
British act of parliament abol-
ishing the trade in African

and their buying power, if
managed and focused, could
have a marked influence on
the scale of trade between



The terrible
underdevelopment
that Africa

slaves, representatives of suffered from the

African and.Caribbean gov-
ernments will hold a Confer-
ence in South Africa between
Africans and their Diaspora
in the Caribbean.

The South Africa confer-
ence is a follow-up to an initial
conference held in Jamaica in
2005 when it was generally
recognised that there could be
a benefit for Africa and the
Caribbean if links could be
developed in a wide range of
areas.

It would be good for Africa
and the Caribbean if the rep-
resentatives of the wider
African Diaspora in Latin
America, North America and
Europe are invited to attend
the South Africa meeting. As
an economic group within
their own countries, the
African Diaspora — meaning
all people of African descent,
not only recent African
migrants — are significant,

IE GOV.

The Registrar

slave trade and
continues to suffer
today from
disadvantageous

terms of trade
could be markedly
improved by a
deliberate policy
of the African
Diaspora to buy
African.



Africa and major parts of the
world.

The terrible underdevelop-
ment that Africa suffered
from the slave trade and con-
tinues to suffer today from dis-
advantageous terms of trade
could be markedly improved

by a deliberate policy of the

African Diaspora to buy

African. a
But, that is another story.

hen the confer-

ence is held in
South Africa, it will have a
proposed plan of action in a
number of areas that could be
beneficial for Africa and the
Caribbean if they are imple-
mented. Among those areas
are the following:

¢ Economic cooperation,
including commodity pricing,
investment patterns and trade
issues at the World Trade
Organisation, and the impact
of globalisation:

e Health issues, including
dealing with Malaria/ Sickle
Cell Anaemia/TB and
HIV/Aids; exchange pro-
grammes for nurses and doc-
tors; and cooperation in the
areas of medical research;

e Transportation and Com-
munication Links to promote
greater physical contact
between Africa and the
Caribbean.

These three areas alone
would be a major advance for
the people of Africa and the
Caribbean.

In the area of health, med-
ical research into diseases that

MMONWEALTH OF THE BAHAMAS

BAHAMAS REGISTERED STOCK 2026 AND 2027

FOR OFFICIAL USE ONLY
APPLICATION No.
ALLOTMENT No.

DATE:

c/o The Central Bank of The Bahamas

P. O. Box N-4868
Nassau, Bahamas.

Sir:

I/We hereby apply for the following amount of Bahamas Registered Stock:

9/32% Above Prime Rate
5/16% Above Prime Rate

Insert below the amount applied for

and undertake to accept any less amount which may be allotted to me/us.

Y/We enclose BS

Bahamas Registered Stock 2026
Bahamas Registered Stock 2027

in payment for the Stock applied for.

In the event of the full amount of Stock(s) applied for above is/are not allotted to
me/us, I/we request that the sum refundable to me/us be applied for the following Stock:

% Bahamas Registered Stock
% Bahamas Registered Stock
% Bahamas Registered Stock
% Bahamas Registered Stock
% Bahamas Registered Stock
% Bahamas Registered Stock

PAYMENTS CAN BE MADE VIA RTGS SYSTEM THROUGH ALL COMMERCIAL BANKS
EXCEPT FINCO, BY BANK DRAFTS PAYABLE TO THE CENTRAL BANK OF THE BAHAMAS

AND BY CASH.

1. (One Person)
Ordinary Signature

Name in Full

Address (Corporations etc. should give Registered Addresses )

P.O. Box

(BLOCK LETTERS, state whether Mr., Mrs., or Miss and titles if any.)

Telephone|Nos:\(H)® =! 2 i=). 5 Sells =. OE (Wi) Me ee

2. (Where two or more persons apply as joint subscribers, the additional names and addresses should

be given below.)

Ordinary Signatures.

Names in Full

And/OR

Address.

Telephone;Nos,(H) Seesess Sal eS ee Ee

V/We hereby request semi annual interest to be paid to:

Bank Name.



Bank Branch ist ige mi = 2" eed

Account Number



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PP A TEE STE PETE SPR OEE EE SE BOM SE A LUNE OE 8 8 OOS ee ee



THE TRIBUNE

MONDAY, MARCH 26, 2007, PAGE 9



Sa Sees eee
Africa: looking at
between the two



@ SIR Ronald Sanders

tend to afflict only people of
African ancestry, and cooper-
ation in devising treatments
would be of great assistance
to Africans in the Diaspora in
the Caribbean, the Americas
and Europe.

With regard to physical con-
tact, it is significant that
Africans and the African
Diaspora in the Caribbean are
most closely linked only by
the game of Cricket and then
only to three African coun-
tries — South Africa, Zim-
babwe, and Kenya.

Clearly, if Africans and their
Diaspora are to strengthen
their links and build a struc-
ture for co-operation over a
wide area, inéluding com-
merce, investment, scientific
research, health, education
and sport the development of
transportation and communi-



The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.

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









Mr. Edward
(Ted)
Curry, 90








Ebenezer
Shirley Street,

In lieu
be sent to

Endowment Fund,



Share your news

KEMPS FUNERAL HOME LIMITED

22 Palmdale Avenue, Palmdale
Nassau, N.P., The Bahamas

A FUNERAL SERVICE FOR THE LATE

of Queen Street, Nassau, The Bahamas died
at Doctors Hospital, Collins Avenue, Nassau
on Monday, 19th March, 2007

Subsequent to cremation an
service was held at the grave side of
Methodist
Nassau on
22nd March, 2007 at 4:00p.m. The Very
Reverend Patrick L.
Nassau and Reverend Father Michael D.
Gittens, Priest Vicar, officiated

of flowers
Christ

Nassau, The Bahamas in memory of Mr.
Edward (Ted) Curry. Arrangements by Kemp’s
Funeral Home Limited

cation links will be a vitally
important necessity.

Such a development will be
a long time coming. Just as the
triangular trade in slaves and
goods demanded transit
through Europe, similarly the
economic transportation links
— as they currently exist —
are routed via Europe.
Nonetheless, every journey
begins with a small step, and
the decision to talk about
transportation links is, at least,
a start.

I: the area of trade co-
operation, Africa and
the Caribbean have some



If Africans and
their Diaspora are
to strengthen their
links and build a
structure for
co-operation over
a wide area... the
development of
transportation and
communication
links will be a
vitally important
necessity.



experience of this, garnered
«in the hard negotiations with
Europe on trade, aid and


















interment

Cemetery, East
Thursday,

Adderely, Dean of





donations may
Church Cathedral
PO. Box N. 653,





investment which began in the
1970’s with the Lomé Con-
vention. However, the two
regions also have experience
of falling prey to outside
manipulation as has happened
with the most recent negotia-
tions with the European
Union (EU) over Economic
Partnership Agreements
(EPAs). Instead of negotiat-
ing as the African, Caribbean
and Pacific (ACP) group, the
three regions allowed them-
selves to be separated, losing
the strength of a common
position against a unified
Europe.

In preparation for the
South Africa conference, a
preparatory meeting will be
held in London in April. The
selection of a European capi-
tal as the location of a meeting
to carry forward the relation-
ship between Africa and the
Caribbean is itself incongru-
ous, but it underscores the dif-
ficulties that this worthwhile
project will face.

A ministerial meeting is
proposed for May to finalise

the agenda for the Conference ~

in South Africa toward the
end of the year.

If these meetings are
accompanied by a firm resolve
to work painstakingly to build
structures of cooperation and
back them with resources,
Africa and the Caribbean
could right a few ancient
wrongs and, at the same time,
produce a model for political
and economic cooperation
that would counter the
inequalities that globalisation
has engendered for both
regions.

Let’s hope the roots of the
past can produce the fruits of
the future.

Responses to: ronald-
sanders29@hotmail.com



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house with almost the full range

Even so, she failed to inspire



This was no fault of Ms

How Do I Live is not only -,

BPs

Countt y singer dis pla YS .
S| aL)
The Tribune wants to hear from people who are wag’
making news in their neighbourhoods. Perhaps you auity
are raising funds for a good cause, campaigning for awar -winnin a en S “ oy
improvements in the area or have won an award. Ana
| If so, call us on 322-1986 and share your story. uae
ate’
; ms: her performance was blight- eae’?
WE PUT A ed somewhat by the band’s “"f-
| eview sound system, which seemed ros
Re LC Oe ee a et ae 2
me house straining to hear the ee
OVER YOUR lyrics. ae
LeAnn Rimes One member of the audience ‘?° -)"*
Oo Ee i) Ie oy said: “She is obviously a fantas- °?" 1
FEW singing talents are tic singer, but I couldn’t make *“"*
‘= a ee Bel paces more precocious than LeAnn out a eee she sang all De
Rimes, who came to Nassau evening. There was nothing *°*
| The Aifordable Solution ‘ over the weekend to wow her wrong with her diction. But it *"~ *
fans at Cable Beach. seemed as if her voice was audi-
to Worn-Out Bathtubs : A singer since tHe age of ble only behind me, so I was SOE
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THE TRIBUNE MONDAY, MARCH 26, 2007, PAGE 11



LOCAL NEWS

PLP line-up

Jackson Ritchie - Clifton

Pleasant Bridgewater - Marco City
Constance McDonald - Lucaya
Doswell Coakley - High Rock
Caleb Outten - Eight Mile Rock
Gary Sawyer - South Abaco

Fritz Bootle - North Abaco

FROM page one

Minister of Legal Affairs and Attorney General
Allyson Maynard-Gibson - Pinewood

Minister of Transportation and Aviation Glenys
Hanna-Martin - Englerston

Speaker of the House of Assembly Oswald
Ingraham - South Eleuthera

Shane Gibson - Golden Gates

John Carey - Carmichael
Veronica Owen - Garden Hills
Ann Percentie - Pineridge

Ron Pinder - Marathon
Michael Halkitis - Golden Isles
Frank Smith - St Thomas More

Anthony Moss - Exuma

Picewell Forbes - South Andros

Wallace Rolle - South Beach

Chrisfield Johnson - North Eleuthera
Kenyatta Gibson - Kennedy

The only seats the PLP will not contest are

Philip ‘Braye’ Davis - Cat Island, Rum Cay
and San Salvador

Yvette Turnquest - Montagu

Hope Strachan - Sea Breeze

Malcolm Adderley - Elizabeth

Ricardo Treco - St Anne’s

Bamboo Town and Long Island-Ragged Island.

Bamboo Town will see the incumbent Inde-
pendent MP Tennyson Wells up against his FNM
challenger Branville McCartney. In Long Island,
FNM MP Larry Cartwright will be defending his
seat against the former FNM candidate James

Customer Service Workers

Keod Smith - Mt Moriah

FROM page one

However, she said, the hos-
vital failed to do that.

“He has not been dialyzed
‘or the whole week,” Ms Collie
>xplained.

“I’ve just been told by the
loctors that he is dying, and
10ow they want to move him to

ntensive care, but all the beds
are occupied,” she added.

The Tribune spoke to anoth-
er man at the hospital who
claimed he was in the same
state as Mr Morley.

“I was supposed to receive
the temporary access from Sun-
day, but am here still waiting,”
the man said.

In January, Medical Chief of
Staff Dr Patrick Whitfield
admitted that there were con-
cerns about the existence of a
bacteria in the dialysis unit, but
he said the number of patients
becoming infected had been
drastically reduced since Octo-
ber when the number of cases
had increased "considerably".

"We still have cases of infec-
tions, but it’s not by any means
in the epidemic stage," he said.

"Certainly, we’ve cut down
on the numbers considerably
and that’s primarily because of
the intervention we made in
terms of strengthening our
infectious control practices."

Dr Whitfield said the imme-
diate concern was not to inves-
tigate to determine whether the
bacteria led to the deaths of any
patients, but to put systems in
place to help eradicate the bac-
teria from the dialysis unit.

Yesterday, a‘senior physician
told Ms Collie: “I understand

Miller, who will run as an independent.

Man is ‘critical’

your grief, but change will only
come when people like you
begin to speak out.”

When Ms Collie asked about
her brother’s condition, the

physician said that he was in
critical state.

Currently, between 150 and
160 patients are being treated
at the PMH dialysis unit.

Food Service Workers
Cashiers
Utility Workers

FNM on the PLP
FROM page one

“This means that, yet again, they’ll have to heavily borrow from
our treasury of ideas. But this is nothing new.

“Over the last five years the PLP has taken our plans and
attempted to repackage them as their own. Lacking the energy and
competence to actually finish most of what we left behind, they’re
still announcing ‘plans’ to complete much of the last FNM gov-
ernment’s agenda.

“Now they’ve started to ‘tief’ many of our new ideas. One of the

news dailies asked the FNM and PLP to outline their visions for the

country in an annual Independence Supplement.

“The PLP missed the deadline and failed to articulate their
vision. That was bad enough. But then they brazenly stole some of
our ideas and announced them as their own,” the FNM said.

The party also touched on the PLP’s plan to “modernise the
postal system”, stating that it sounded “suspiciously similar” to plans
that the FNM had put forward many months prior.

“While the PLP publicly claims they haven’t heard about our
plans, they’re secretly copying and attempting to re-brand FNM
ideas. No party in a post-independence Bahamas has thought
through as many detailed policies this early.

“Contrast this with what the PLP offered prior to the 2002 elec-
tion. Come to think of it, it sounds better than what they’re offer-

ing in 2007,” the party said.
Body found

FROM page one



Supervisors

APPLY IN PERSON AT:

_ #12 Bradley Street, Palmdale
Monday, March 26th thru Friday, March 30th
Between the hours of 10am - 4pm

a

the driver’s seat.

Police said the body had a
visible injury to the torso and
appeared to have been dead for
at least 12 hours because “rigor

mortis” had set in. The identity -

of the man is not known.

Centrai Detective Unit offi-
cers in Grand Bahama are
appealing to anyone who may
have a missing male relative or
friend aged between 20 and 30

to contact them on 350-3089,, ,

919, or 911.

Tourist Attraction
~ Seeks Individuals
to Join Team

Executive Director

Requirements & Responsibilities:

¢ Management of daily operations as well as
future development

¢ Background in business with prior
experience in supervising staff, strong
organizational skills, and excellent people
and communication skills

¢ Financial experience would be an asset.

Education Officer

Requirements & Responsibilities include:
¢ Giving presentations regarding collection of
birds and animals to visiting school groups
° Creating and designing education packets for

teachers

¢ Producing a newsletter and interacting with

visitors

¢ Successful candidate must have excellent
communication skills, both written and oral,
be outgoing and willing to work outside.

Interested and qualified candidates for either position should
send their resume to “Executive/Education Position” at P. O.
Box SS 5256, Nassau, Bahamas or-mail to



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PAGE 12, MONDAY, MARCH 26, 2007

ey Ve e121.

THE TRIBUNE



pee rata



works in bid to attract

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~~ flutomatic, Radio/CD Player,
Power Steering, Air Condtioning,
Power Windows & Locks

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etwor of over 4,000 hospita

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e Air Ambulance Service.

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¢ Premiums paid monthly, half-yearly



a CUBAN and Canadian figs wave at the gas processing plant ‘
of Boca de Jaruca, Cuba on Saturday. Cuba has opened its doors
to international experts in order to show them the island’s i
oil exploration potential, its infrastructure and the use of f

accompanying gas.

@ CUBA
Santa Cruz del Norte

CUBAN oil officials took for-
eign geologists and petroleum
experts on a tour of the island’s
oil and natural gas works on
Saturday in hopes of sparking
more international interest in
investment, according to Asso-
ciated Press.

Attendees at an earth sci-
ences conference were taken by
state oil company Cuba
Petroleos to several extraction
facilities in a deposit-rich strip
along the northern part of the
island, including the US$200
million Cuban-Canadian
ENERGAS natural gas plant
in an area called Boca de Jaru-
co.

“The geology we find here is
very similar to that of eastern
Mexico, of the southern United
States,” said Rafael Tenreyro, a
drilling specialist with the state
oil company, known as Cupet.

About 95 per cent of Cuba’s
daily production of 85,000 bar-
rels of petroleum and 120 mil-
lion cubic feetof natural gas
comes from the region along
the north coast.

Cuban officials are betting on
even richer deposits offshore,
where foreign companies are
already engaged in explorato-
ry drilling in partnership with
the communist government.

e
Â¥
(AP Photo/Javier Galeano)

a

“We have just recently start.
ed and we are seeing the tip of
the iceberg,” Tenreyro sai
“Our intent is to continue to
explore and discover great oll
fields.”

The US Geological Saect
estimates that the North Cuba
Basin holds 4.6 billion to 9.3 bil-
lion barrels of crude, along with
9.8 trillion cubic feet to 21.
trillion cubic feet (620 billio)
cubic meters) of natural gas.

Since 2003, companies from
Norway, India, Malaysia, Spain
and Venezuela have reserved
blocks for petroleum explo-
ration under production-shar-
ing agreements with Cuba. |

US oil firms, however, ar
shut out by Washington’s 4
year-old trade embargo on the
island.

Earlier this month US Sena-
tors Larry Craig, a Republican
from Idaho, and Byron Dorgan,
a Democrat from North Dako-
ta, introducgd a measure con-
taining a provision to let US oil
and natural gas companies wor
in Cuban waters. ;

But another Senate a
already introduced would see
to punish companies that invest
in Cuban drilling near Florida.
Congresswoman Ileana Ros-
Lehtinen, a Cuban-born Repub-
lican who represents Florida,
has pledged a similar measure
in the House. :

IN NASSAU CALL

393-5529

IN FREEPORT CALL

350-7827

IN ABACO CALL
ABACO INSURANCE AGENCY

367-5285

General



THE TRIBUNE

MONDAY, MARCH 26, 2007, PAGE 13



MP sponsors |
club shirts

MP for Lucaya Neko Grant,
has sponsored the T-shirts ‘for
the GB Golden Eagles Track
Club.

Felix Ricky Seymour, Sprint
Coach and President of the
Golden Eagles Track Club, not-
ed “Things have been tough,
this donation means so much
for us and our club. It is our
hope that others will assist us
like Mr Grant, so that our
young kids can succeed and use
our club in advancing their track
careers.”

For more information on the
‘track club interested persons
should call 559-2756 or 373-
2437.

John {; Bull

The premier retailer in The
Bahamas, has openings in
the following areas:

Sales Associates
Marsh Harbour, Abaco

@ PICTURED (left to right) are Felix “Ricky” Seymour,
MP for Lucaya Neko Grant and Dawn Jennings, GB Golden
Eagles Head Coach.



(Photo: Derek Carroll Photography)

John Bull Ltd. is looking for people who:

®

Know what it means to give outstanding
customer service

Have an interest in retail sales and
management

Desire to bring fun and enthusiasm to our
family

Truly believe the customer always comes first

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All of the training you'll need to be highly
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Only those interested in helping us uphold our
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THE Bahamas International
Beer Festival, which originated
as a joint venture between the
Rotary Clubs of The Bahamas
of District 7020 and the Inter-
national Cultural Committee
(ICC), held two successful
events in 2004 and 2005S.

The festivals were organised
as fund-raising events with 50
per cent of the net revenue
being disbursed for a charita-
ble purpose selected by the ICC
— ic maintenance and upkeep
of the Nassau Botanical Gar-
dens and the remainder for the
charity selected by the Rotary
clubs, which was the AIDS
Foundation of The Bahamas.

The Rotary clubs recently
presented the AIDS Founda-
tion with a cheque for Rotary’s
half of the net revenue of the
two events.

Financing
Available



Rotary donates to AIDS Foundation



Le eae : ES f
@ PICTURED at the cheque presentation are, from left: Murray
Forde, assistant district governor, Rotary Clubs of The Bahamas;
Camille Barnett, president, AIDS Foundation; Ginger Stewart,
treasurer, AIDS Foundation, and Walter Christen, general
treasurer, Rotary Clubs of the Bahamas

(Photo: Elaine Forde)

Insurance é
Available
on the

need apply. If you want to learn more about retail
for a future career or would like to grow with us,
please complete an application form (available

Prices includes: Licensing, Inspection, Plates, Mats, Full tank of gas, full service
Pre-Delivery Inspection, Full Detail In & Out, and Warranty.
Located: Thompson Blvd

The Store Manager
John Bull, Marsh Harbour, Abaco
Tel: (242) 367-2473

at all locations) and attach a current resume,
photo and a copy of a current police certificate
and hand deliver to:

OR

John Bull (any location)
Attn: Human Resources Dept.
Re: Marsh Harbour, Abaco

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~ Tel: 325-0881/2 Open:Mon.-Fri. 8a.m.-5:00p. _

YOUR CONNECTION*TO THE WORLD

_ MASS DISCONNECTION
and SERVICE TERMINATION

The Bahamas Telecommunications Company Ltd. —
(BTC) wishes to advise its valued customers and
the general public that a Mass Disconnection exercise
will commence on April 2" 2007. The exercise will
affect all customers whose accounts were suspended
during the last Mass Suspension exercise in
November 2006 and have not yet been reactivated.

This Mass Disconnection and Termination Campé
that will effect customers in New Providence, G

All customers who are unable to pay their
full, are asked to visit BTC’s Credit & Co
department located on JFK and The Mall at Mar
offices or their local BTC Family Island Offie
make payment arrangements.

For convenience purpose customers can

bill online via the BTC website through E.

by using the EZPAY kiosk located at BTt
Customers are reminded that once service aN
been terminated their numbers will be reassi

to new customers, and a new security deposit
installation fee will be required when request
service. BTC is committed to serving its cu

and thanks all for their cooperation during this





PAGE 14, MONDAY, MARCH 26, 2007

THE, TRIBUNE



Ministers mark the anniversary of
Transatlantic Slave Trade Abolition

FROM page one

by the Royal Navy between the
years 1808 and 1840.

“Dr Saunders writes further:
‘In the 1930s there were at least
eight free black villages or settle-
ments outside the town of Nas-
sau. They were Grants Town and
Bain Town just south of the city,
Carmichael and Adelaide in the
southwest, Delancey Town just
west of Nassau, Gambier in the
west and Creek Village (New
Guinea) and Fox Hill in the
east’,” Mr Mitchell said.

The minister went on to quote
from Dr Nicolette Bethel and her
essay “Junkanoo in the Bahamas:
A Tale of Identity”.

MONTAGU

“Another reason for the sur-
vival of Junkanoo in its present
form,” Mr Mitchell said, citing
Dr Bethel’s work, “was the land-
ing of Africans liberated by the
British from French,. American,
Spanish and Portuguese slave
ships during the mid—19th centu-
ry. These brought with them their
customs, and revitalised the
Christmas parades, just as they
seemed about to be overtaken by
the marching brass bands rather
than gangs of goombay drum and
cowbells.

“The abolition of the transat-
lantic slave trade then is central to
the development of our country,
our culture and the way we live
today,” Mr Mitchell said.

“It is only fitting then that we
remember those who perished in
the middle passage, and recall
how we got to where we are
today. In this connection a num-
ber of observances will be held
to commemorate the event of 200
years ago.

“In doing so we will be joining
those around the world, but espe-
cially in the Caribbean, where our
societies have been so signifi-
cantly impacted by slavery. We
ask the Bahamian public to join
us in these observances through-
out this week and for the next
year,” he said.

Beginning today, there will be a
communication to Parliament and
a minute of silence will be

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Is seeking candidates for the position of
Management Trainee

* Candidates must be energetic, highly motivated and eager to learn

* Willing to work in a fast paced multi faceted environment

*Preferably should possess a Bachelor’s Degree in Business,
Technical or related fields, but as a minimum, must have an

Associates Degree

* Willing to work throughout the Bahamas and abroad as may
be necessary from time to time

* Ability to make decisions and take ownership for assigned

responsibilities

* Ability to multi-task and communicate effectively

* Must be a “people person” that will never compromise on
providing exceptional customer service

* Be efficient in computer based programs including, Microsoft
Excel, Microsoft Word, Powerpoint, and Publisher

If you are interested in a challenging career, that will bring out the
best in you, in an environment that is ever changing and evolving,
then, send your Resume, on or before April 13th, 2007 to:

Janice Fountain - Moss
Human Resources Manager

P.O. Box N-1123
Nassau, Bahamas

Or by Email to:

jfountain-moss@cbcbahamas.com

observed in memory of all those
persons who perished during the
middle passage. Also, there will
be a press and diplomatic recep-
tion at 6.30pm at the Ministry of
Foreign Affairs.

Basketball tournaments will be
held in Fox Hill at Freedom Park
with all teams having the names
of African tribes. On Wednesday,
Ministers Mitchell and Sears will
appear on Jeff Lloyd’s Radio
Show “Real Talk” at More FM.

es restaurant at the School of
Hospitality, College of the
Bahamas, at 9am.

At 10am Dr Gail Saunders and
Dr Thaddeus McDonald will lead
a panel discussion, and at 1pm an
official luncheon with the Minis-
ter of Education of South Africa
Naledi Pandor as the guest speak-
er will take place at the British
Colonial Hilton.

At 6.30pm George Lamming, a
distinguished Caribbean writer



On Friday, March 30, the Min-
istry of Education will launch its

“Learning Channel” at the Choic- _—_ Hilton.

and intellectual, will give a lec-
ture at the British Colonial

@ MINISTER of Foreign
Affairs Fred Mitchell

Third protest in a
month to be held in
front of The Tribune

FROM page one

Marquis.

“We have also expressed that the column that
he writes called ‘Insight’ has been very harmful, as
it only seeks to attribute derogatory statements
and comments to and about our black leaders in
this country.

“We have expressed that we equate Mr Mar-
quis’s attacks on our leaders to the attack on the
Twin Towers in America.

“We have concluded that his comments of this
nature simply put are racial and show a personal
dislike and disrespect for our black citizens of
the Bahamas.

“We call on Mr Marquis to cease and desist
forthwith with these writings and to show respect
for the black people of our country or leave the
Bahamas,” he said.

Last night, Mr Marquis said that in all the years
he had written his Insight articles, there had nev-
er been a single racial comment made.

He said anyone who knows him could confirm
that he is not, and never has been, a racist.

“I don’t like racists, and that sentiment is borne
out by all of my actions:in:life. Mr Smith is talking
through his hat and ought to be more responsible
instead of making‘such inflammatory comments,”
he said.

3 ColinalImperial.

ONE COMPANY

ONE GOAL

Mr Marquis said he would continue to practise
journalism as he had for the past 47 years - with
“total integrity and fearlessness.”

“Everything I have said about Bahamas politics
has been constructive and this is borne out by
the tremendous support I receive week after
week from all sections of the Bahamian commu-
nity.

“For Mr Smith to use emotive terms like ‘ter-
rorist’ indicates that he has given no thought to
this matter, but is just trying to raise his own pro-
file.

“However, no intelligent Bahamian is going
to be taken in by his antics,” Mr Marquis said.

In his letter, the CCB chairman characterised
Mr Marquis’s criticism of the governing PLP as
“terrorist-style journalism” that will be met with

“equal opposition”. ,

Mr Smith said they will take the stance of US
president George Bush and employ “pre-emptive
strikes on the terrorists where they operate.”

With this in mind, the‘CCB said they are calling
on Bahamians to boycott The Tribune and to dis-
continue buying advertisements in the newspaper.

“Our response to this, our Bahamas Bin Laden,
will be relentless and we shall not stop until justice
is-Sérved. We are preparéd forthis:challenge no
matter how long it takes. Mr John Marquis and ,.,
The Tribune will be brought to justice,” he
said.



ONE CHOICE

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

Systems Developer

Position Summary

The successful candidate will: develop tools and applications to ensure the
overall efficiency of the business processes; maintain and enhance the core
line of business applications as necessary; and work with Senior
Developers to implement new technologies.

Job Requirements

Must have a Bachelor's degree in IS or equivalent technical certifications
Minimum 3 years programming experience with AS400 CL, RPG IV / ILE

or AS/400 Cobol

Minimum 2 years programming experience in SQL
Knowledge of industry standards re: System Change Control procedures
Practical experience in insurance or banking fields preferred

Excellent attention to detail

Excellent analytical and problem solving skills
Strong verbal and written communication skills
Strong leadership and organizational skills

Knowledge of the following would be an asset:

XBase

CICS for AS400
Java / Perl /XMI.
Tomeat

Crystal Reports

Microsoft Development (.NET)

Responsibilities Include

Development of new applications to improve the business process

Supporting maintenance & enhancement of existing applications

Implementation of changes using established testing procedures and change control
Troubleshooting of problems related to RPG and Cobol AS400 programs

Creation of technical specifications and design documents

Work with team of developers and analysts to complete corporate objectives

outs will be commensurate with experience and eae



Festime to our Corporate Headquarters, 908 East Bay Street
Ses a ee ae

all submissions: April Sth, 200



PA,

Boy ae ate ea el



THE TRIBUNE | MONDAY, MARCH 26, 2007, PAGE 15





@ FEMALE inmate Lynn Taylor receives an award for basic computing

BA MUSICAL ‘election by th the group Millennium ei dee at Her 1+ Majesty’s s Prison during a
graduation ceremony for inmates last Thursday. The theme of the event displayed by the prisoners

was using past mistakes to build a bright future.

Fox Hill Prison inmates
celebrate graduation

\




Rul es a Restrictions

» Heese any Com ° PY] Lays a BK Discount Cotipon that entitles you to
‘buy 41/2 price ticket - to the bet Ca ‘good any night except
Saturdays & Siindays:
You must present Maes Discount A dy to ued a 1/2 price tickel -
ma det ty ||| Per TS Loh) Ls 1/72 price pT eS ern Coupon with every
Combo CTC ANY :

“ en are fo sho re Ks cu) & 9 pm Monday thru Friday only

. The ve) A Discount Coupon you receive from Burger rane isn to be.
ati OMe Circus Maximus box office at R:M. Bailey Park,
: no. less il DES Muitiieyy Ba showtime |

INMATE Athony (Bags)
Saunders receives an award
for adult basic education
(Photos: Felipé Major/
Tribune staff)

oy
>
ge

The



-Way
Test

of things we
think, say or do

1.|s it the TRUTH?

2.|s it FAIR to all
concerned?

3. Will it build RES Se eee ets esis esate rio ay
GOODWILL and a Gee ‘Mae gy eben esa ant o
BETTER . hae SA ait sae ae a
FRIENDSHIPS?

4, Will it be
BENEFICIAL to
all concerned?

- Www. rotary.org







PAGE 16, MONDAY, MARCH 26, 2007 =| | THE TRIBUNE |



.
3
BAHA MAR, A-luxury resort, the likes of which the following completion, Baha Mar is expected to benefit '
world has never seen. In less than four years, Baha Mar the nation’s Gross Domestic. Product to the tune’ of
will boast 3,000 rooms, acres of gariing as wellas prime — nearly $14 billion, :
entertainment and shopping venues. . .
Set to become one of the mast significant partnerships :
When you dream big, you can’t do it alone. That’s why jy the hospitality industry, this worldwide expostire to so

we expect to create over 8,500 jobs, from construction

the beauty of The Bahamas can only serve to grow the
That's in addition :

customer service to management.



















2

tourism industry exponentially and continue to provide’

; wr

WEE RORAR Fw



THE TRIBUNE

MONDAY, MARCH 26, 2007, PAGE 17





INTERNATIONAL NEWS



‘=P

ce q
q
a

OPE Benedict XVI ce



iy

we




lebrates a mass during his visit to the
church of "Santa Felicita e figli martiri" (St. Felicita and Martyrs
_ Sons) on the outskirts of Rome Sunday, March 25, 2007.

(AP Photo/Plinio Lepri)

=
wet |

ill Atlantic Medical



cerned

Pope: Europe
‘losing faith in
its own future’

@ VATICAN CITY

EUROPE appears to be
losing faith in its future, Pope
Benedict XVI said, citing the
continent's demographic
trends, which include dramat-
ically low fertility rates and
declining and graying popula-
tions, according to Associated
Press.

"One must unfortunately
note that Europe seems to be
going down a road which

‘could lead it to take its leave

from history," the pontiff told
bishops in Rome for cere-
monies to mark the 50th
anniversary of the signing of
the Treaty of Rome, a major
step toward the creation of
today's European Union.
Benedict said he was con-

about Europe's

"demographic profile" -—
though he did not describe the
trends which have been alarm-
ing demographers for decades.

In countries like Italy,
where many married couples
have one or no children, the
population is expected to
shrink dramatically in a gen-
eration or two unless fertility
rates increase quickly.

Benedict expressed concern
that Europe's population
trends, "besides putting eco-
nomic growth at risk, can also
cause enormous difficulties for
social cohesion, and, above
all, favor dangerous individu-
alism, careless about the con-
sequences for the future."

"You could almost think
that the European continent
is in fact losing faith in its own
future," Benedict said Satur-
day.

A recent Eurostat survey
showed Poland's fertility rate
to be the lowest in the EU, at
1.23 children per woman.

Sociologists and economists
point fingers at the economy,
particularly the jobless rate —

J OU

Runwol. partrare: Alun. Medical Inawrance, Thy Cancer Sachy of The Baharnas,

The Bahamas Diabetic Aspochtion nrg clients and fronds in & good. cause

at 14.9 percent the highest in

the EU. Worried about losing,

their jobs, many women in

Poland put off having chil-;

dren, often until it is too late.

Earlier this month, Polish
Prime Minister Jaroslaw
Kaczynski proposed a new

program of tax exemptions .

and support for working
mothers in the hope of

encouraging births and ensur-.

ing that Poles "continue as a
nation."

Italy's fertility rate steadily,

plunged to a low of 1.25 chil-
dren per women of childbear-
ing age in 2001, with the last
few years seeing a small turn-
around, mainly due to births
to immigrant mothers.
Italian experts cite Italian's
desire for an easier life style,
but they also blame shortages
of day care centers, expensive
housing and a sluggish job
market which sees many Ital-
ians living at home until well



into their 30s as reasons for
the country's relatively few
children.

Antonio Golini, an Italian
demographer, said in an inter-
view with The Associated
Press recently that unless the
retirement age is raised, Italy
will have more people draw-

_ing pensions than it will have

workers in 2050.

Spain also has a low fertility
rate, while France, with fami-
ly-friendly policies such as
cheap day care and generous
parental leave, has experi-
enced a baby boom.

France had more babies in
2006 than in any year in the
last quarter-century, capping a
decade of rising fertility that
has bucked Europe's graying
trend. Its fertility rate in 2006
was 2.0 children per woman.

A rate of 2.1 children per
woman is considered the min-
imum necessary to keep a
population from shrinking.

Atlantic Medical is hosting its ninth Annual Fun Walk on Saturday 2Ist April 2007 at 6.00 am at the Montagu Beach
Foreshore. Funds for the Walk will once again be donated to The Cancer Society of The Bahamas and The Bahamas
Diabetic Association. Your efforts in 2006 helped raise $40,000. Thank you. .

THE EVENT BEGINS AT 6.00 A.M.

THE ROUTE commences from MONTAGU BEACH then WEST on Shirley Street, NORTH on Church Street, OUTWARD across “New Paradise
Island Bridge” to the round-about at Paradise Island Golf Course, BACK to New Providence via the “Old Paradise Bridge”, EAST on East Bay Street and
back to Montagu Beach.

TROPHIES ARE AWARDED ACCORDING TO THE FOLLOWING CATEGORIES:
(Male and Female awards)

A.15 and Under

B.16-25 C.26-35 D36-45 E. 46-59 F 60 and Over





all,
5@4Wellness
74 4 yr Al together better!

INTERNATIONAL

COLONIAL GROUP

Atlantic Medical is not liable for injuries incurred by participants at this event.

$15.00 Adults / $12.00 Children: includes “‘T-shirt& gift pack”
Deliver to Atlantic Medical Insurance, Atlantic House 2nd Terrace & Collins Avenue PO BOX SS

5915 Nassau Tel. (242) 326-8191

For additional entries, duplicate form.

Official registratlON TON sunwakeatiantichouse.combs

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A member of Colonial Group International Ltd.

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Cc D E F

Atlantic House, 2nd Terrace & Collins Avenue, Nassau, Bahamas Tel.326-8 191

5 Jasmine Corporate Center, East Sunrise Highway, Freeport, Bahamas Tel. 351-3960

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Colonial Group International is
rated A-(Excellent) by AM Best.



PAGE 18, MONDAY, MARCH 26, 2007 THE TRIBUNE

INTERNATIONAL NEWS






Paradise Island

C/ Ll hj

gs

Cordially invites you to our

Easter Buffet Luncheon

Sunday, April 8,2007
From: I2noon-3pm



Menu

Assortment of Fresh Fruits & Salads
Cold Meat Platter
Potato Salad

Cole Slaw

Crab Salad

Bean Salad

Waldorf Salad

~~

Shrimp Fettucine
Broiled Grouper
Steamed Chicken

Roast Tenderloin of Beef
Fried Plantain

Macaroni & Cheese
Crab & Rice

Parsley Potato

/)
{in

Assorted Cakes, Pastry & Guava Duff
One (1) Soft Drink or Glass Wine

Price:$29.99
PlusI5% Gratuity

Soothing Music & Door Prizes

Free Parking Available m@ AN ALBINO baby wallaby peers out of his mother's pouch at 'Le Cornelle' zoo park in Val-

10% Discount if reservation is confirmed hy April 5, 2007 _ brembo, Italy, Friday, March 23, 2007. The uncommon birth took place on March 18, 2007. This small-

er cousin of the kangaroo, also known as Bennett's Wallaby, is common in eastern Australia and a
+ : t : cy ; mature-specimen averages a weight between 10 and 15 kilograms. The cub normally remains in his. —
For Reservation Telepho ne 365 ~ 2400) | mother's pouch for some 6 months after the birth. _.

Sal (AP Photo / Luca Bruno)




Pa



Bis sie CSR

x

ENTER TO WIN

ti

tel, Car a Cash!

Round tip airfare, 3 days and 2 nights hotelaccommodations plus car rental and $500.00 spending money

from March 15th to April 11th, 2007,
buy any 2 of the 6 advertised

{) items and havea cashier

verify the products by

_ signing the front of your

City Market Receipt

Travel with your Blackberry to
Canada and roam with Rogers Wireless,
also roam in the United States with
Cingular Wireless (the new AT&T).

You can send and receive emails,

make and receive calls just like

you are at home.

This is fantastic!

Plackherry... It’s my office in my hands

Prini your name,
phone numbers,
and email address
onthe top of your
City Market Receipt
and drop into

the Entry Box

at the store

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THE TRIBUNE



: INTERNATIONAL NEWS



BE U.S. SECRETARY of State Condoleezza Rice, left, and Palestinian President Mahmoud Abbas
arrive at a joint press conference in the West Bank town of Ramallah, Sunday, March 25, 2007. Rice
said Sunday that it was important for Israel and the Palestinians to establish a" common agenda" in

order'to move forward on forming a Palestinian state.

@ RAMALLAH, West Bank

SECRETARY of State
Condoleezza Rice said Sun-
day it was important for
Israel and the Palestinians to
establish a “common agen-
da” to move forward on cre-
ating a Palestinian state —
an apparent break with
Israel, which has ruled out
peace talks for now, accord-
ing to Associated Press.

Rice also said all the par-
ties need to have a “destina-
tion in mind” to solve the
Israeli-Palestinian conflict.
But she conceded the sides
were far apart, and had no

_* specific proposal to get long-

stalled peace talks moving.

She spoke at a news con-
ference with Palestinian Pres-
ident Mahmoud Abbas, after
their first meeting since the
Islamic militant Hamas and
Abbas’ more moderate Fatah
Party formed a new coalition
government last week.

Israel has said it will not
hold peace talks with Abbas
now that he has joined forces
with Hamas.

Rice said she would meet
twice with both Abbas and
Israeli Prime Minister Ehud
Olmert during her fourth trip
to the region in as many
months.

“It’s extremely important
to establish a common agen-
da to move forward toward
the establishment” of a Pales-
tinian state, she said.

“T think it can help all of
us to have a destination in
mind,” Rice said. “I think this
time it is best to talk about
that political horizon in par-
allel. But I sincerely hope in
the future the parties them-
selves can talk about the
political horizon themselves.”

Olmert’s spokeswoman,
Miri Eisin, declined to com-
ment pending the outcome
of a meeting between Rice
and the Israeli leader later
Sunday.

Abbas aides said he and
Rice explored ways to get
moderate Arab states
involved in Israeli-Palestin-
ian peace-making. A 2002
Arab peace initiative, which
offers recognition of Israel in
exchange for a withdrawal
from all lands Israel occupied
in the 1967 Mideast War, is
to be revived at an Arab
Summit next week.

In one proposal raised Sun-
day, a committee appointed
at the summit would
serve as a contact for the
Quartet of Mideast media-
tors — the U.S., the U.N.,
the EU and Russia — as well
as Israel and the Palestini-
ans.

Abbas said he and Rice
also talked about holding
more meetings with Olmert.
“All these meetings are part
of the bilateral relations with
Israel and the future vision
that we are all seeking and
working toward,” Abbas
said.

Abbas met.earlier with
U.N. Secretary-General Ban
Ki-moon. But the U.N. chief
shunned Hamas Officials,
dealing a setback to the new
Palestinian government’s

efforts to win international
recognition. Rice snubbed
even U.S.-backed moderates
in the Cabinet.

While welcoming the new
government’s formation, Ban
said “the atmosphere is not
fully ripe” for talks with
Hamas, which has killed

‘more than 250 Israelis in sui-

cide bombings and refuses to
recognize the Jewish state.

He expressed hope the new
government’s actions would
“show a genuine commit-
ment to the basic principles ...
of peace.”

Hamas and Fatah formed
their alliance in the hope of
halting deadly Palestinian
infighting and persuading the
West and Israel to resume
crucial funding cut off after
Hamas swept parliamentary
elections a year ago.

But the new government’s
platform falls short of
demands by the Quartet that
Hamas renounce violence,
recognize Israel, and accept
past peace agreements.

Palestinians say it implic-
itly recognizes Israel by
“respecting” peace agree-
ments. Abbas, who hopes to
restart peace talks with
Israel, has said the deal is the
best he can get from Hamas.

U.S. and European diplo-
mats have held a stream of
contacts with moderate mem-
bers of the new coalition
while avoiding Hamas min-
isters. The withheld funding
has not been restored.

Palestinian officials reject-
ed the notion of diplomatic
cherry-picking.

“This government is one
team,” Information Minister
Mustafa Barghouti said.
“Whoever meets with one
member is meeting with the
whole government.” .

Israel welcomed the deci-
sions by Rice and Ban not to
meet with Hamas officials.

“We are happy to see
world leaders and prominent
figures like the secretary gen-
eral continuing to uphold the
Quartet principles,” Eisin
said.

Ban said he would urge
Olmert during a meeting
Monday to release frozen
Palestinian funds, ease travel
restrictions in Palestinian
areas and halt settlement
activity in the West Bank.

On Sunday, he visited the
Aida refugee camp near the
West Bank town of Bethle-
hem and inspecting Israel’s
separation barrier in the
West Bank.

Senior U.N. officials and
the Palestinian governor of
Bethlehem, Salah Tameri,
explained to the U.N. chief
the difficulties caused by
Israeli travel restrictions and
the barrier.

Israel says it built the
enclosure to keep out Pales-
tinian militants, who have
killed hundreds of Israelis in
bombing and _ shooting
attacks.

“This is a very sad and
tragic thing to see many suf-
fering from the construction
of this wall, depriving oppor-
tunities for basic living,” Ban
said.

(AP Photo/Murad Sezer)

Condoleezza Rice: Israel
and Palestinians need to
establish ‘common —



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PAGE 20, MONDAY, MARCH 26, 2007

THE TRIBUNE



INTERNATIONAL NEWS

Britain’s Blair says Iranian capture of :

sailors a serious, fundamental issue —

& LONDON

BRITISH Prime Minister Tony
Blair said Sunday that 15 British
sailors and marines captured by
Iran as they searched for smug-
glers off the Iraqi coast had been
outside Iranian waters, and
warned that Britain viewed their
situation as “very serious”,
according to Associated Press.

The group was seized at gun-
point on Friday, and the Foreign

We are considering applications for a Human Resources Clerk to
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Office in London said British offi-
cials do not know where Iran is
holding them.

Speaking at an EU summit in
Berlin, Blair said Iran’s claim that
the sailors had crossed into Iran-
ian territorial waters “is simply
not true.”

“I want to get (the situation)
resolved in as easy and diplomat-
ic a way as possible,” Blair said,
but added he hoped the Iranians
“understood how fundamental an











opportuni





issue this is for the British gov-
ernment.”

Britain said its diplomats met
with Iranian officials in Tehran
on Sunday, and their demand for
access to the group was denied
after Iran refused to say where
they were being held.

“This is a very serious situa-
tion,” Blair said.

In New York, Iranian Foreign
Minister Manouchehr Mottaki
said British Foreign Minister
Margaret Beckett had asked to
speak with him directly, likely lat-
er Sunday.

“The Iranian authorities inter-
cepted these sailors and marines
in Iranian waters. and detained
them in Iranian waters. This has
happened in the past, as well,”
Mottaki said in Persian through a
translator.

“The charge against them is
illegal entrance into Iranian
waters,” Mottaki said. “In terms
of legal issues, it’s under investi-
gation.”

Mottaki declined to provide the
exact coordinates of where the
Britons were seized, saying this
“very detailed information has
been submitted to the represen-
tatives of the United Kingdom.”

Britain and the United States

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have said the sailors and marines
had just completed a search of a
civilian vessel in the Iraqi part of
the Shatt al-Arab waterway when
they were intercepted by the Iran-

‘jan navy.

Iranian state news agency
IRNA said British Ambassador
Geoffrey Adams had spoken in
Tehran with Ibrahim Rahimpour,
the foreign ministry official in
charge of western Europe, and

asked about the condition of the
British sailors and marines.

He was told by Rahimpour that”

they were “well and sound” and
that “legal proceedings” were
under way in their case. No other
details were provided.
According to IRNA’s English-
language Web site, Adams said

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during the meeting that the
British service members had been
deployed in Iraq to establish secu-
rity, and had no hostile intention
toward Iran.

“Tehran has always exercised
self-restraint in the face of border
violations by the British troops,”
Rahimpour was quoted as say-
ing. But after the “contradictory
statements” in the seizure of the
British, the case “required an
inquiry into such suspicious
events.”

Lord Triesman, a Foreign
Office undersecretary who had
held talks with Iran’s ambassador
on Saturday, told Sky News there

was good evidence the men were ,

in Iraqi waters, but that the issue

of whether the sailors had'strayed”™
into. _Iranian.waters was only.. a.
“technical one.
“T’ve been very clear through- _

out that the British forces do not
ever intentionally enter into Iran-
ian waters,” he said. “There’s no
reason for them to do so, we

_ don’t intend to do so and I think

people should accept there’s good
faith in those assertions.”

Iran’s top military official, Gen.
Ali Reza Afshar, said on Satur-
day the seized Britons were taken
to Tehran for questioning and
had confessed to what he called
an “aggression into the Islamic
Republic of Iran’s waters.”

The EU also has been pushing
hard diplomatically to secure the
sailors’ release. Germany, which
holds the EU’s rotating presi-
dency, had its ambassador in
Tehran raise the issue with the
Iranian government.

Rajanews.com, a Persian Web
site run by supporters of Iranian
President Mahmoud Ahmadine-
jad, quoted a senior diplomat as
saying the Britons would not be
released until they promised “not
do similar things in future.”

Their capture and detention
risks escalating an already fraught
relationship between Iran and the
West.

The U.N. Security Council on
Saturday agreed to moderately
tougher sanctions against Iran for
its refusal to meet U.N. demands
that it halt uranium enrichment.
Many in the West fear the coun-
try’s nuclear program is not for
power generation but for arms
making, a claim Iran denies.

The approved sanctions includ-



O BRITISH Prime Minister Tony Blair, left, is welcomed by the president of the European Par-
liament, Hans-Gert Poettering , in Osnabrueck, northern Germany, on Sunday, March 25, 2007. Blair
insisted on Sunday that the 15 British sailors and Royal Marines captured by Iran in the Persian Gulf
were not in Iranian waters and told Tehran that Britain viewed their situation as "very serious."

(AP Photo/Kai-Uwe Knoth)

ed ban on Iranian arms exports
and freezing the assets of 28 addi-
tional people and organizations
involved in Iran’s nuclear and
missile programs. About a third
of those are linked to the Revo-
lutionary Guard, an elite corps
whose navy had seized the British
sailors and marines.

British, Israeli and Saudi media
reports on Sunday suggested that
Iran was hoping to trade the cap-
tured Britons for Iranian officials
it claims have been abducted by
the West in recent months.

Ali Askari, former head of an
elite unit of the Revolutionary
Guard, disappeared in Turkey six
weeks ago; several months earlier,
six Iranian officials were taken

by°US. forces at an Iranian lial ~
-son_ office in Irbil, the capital of

the Kurdish self-ruled region of
Iraq. One was later released.

Iran said it was a government
liaison office. The U.S. military
said those detained were con-
nected to an Iranian Revolution-
ary Guard faction that funds and
arms insurgents in Iraq.

Sobh-e-Sadegh, the official
publication of the Revolutionary
Guards, said in a January article
that it would be easy to kidnap
Americans and transfer them to
“any location of choice” in retal-
iation for any attack.

But Ahmad Bakhshaysh, a
political analyst and professor in
politics in Tehran’s Allameh Uni-
versity, said a prisoner swap was
not what Iran wanted.

“Tran is not after retaliation
regarding abduction of its diplo-
mats. ... However, Iran will use
this opportunity to show to the
world public opinion that Britons
were (the) invader and Iran was
victim of the Westerners’ bullying
policy,” he said.

U.S. News and World Report,
citing a U.S. Army report out of
Iraq, said the capture of the
British sailors and marines was
not the first time Iranians have
taken Western forces by surprise
in the border area.

The magazine said American
troops working with Iraqi border
guards within Iraq were attacked
by a much larger Iranian military
unit in September. U.S. News said
no Americans were hurt in the
incident, but four Iraqi soldiers,
an interpreter, and an Iraqi bor-
der policeman remain missing.

HANNA HEASTIE TYNES
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~~ THE TRIBUNE MONDAY, MARCH 26, 2007, PAGE 21



Polar bear cub is German
capital’s hottest celebrity

Mi LEFT: Keeper Thomas Doerflein plays with Knut, the polar bear cub, during his second appear-
ance in the Berlin Zoo on Saturday, March 24, 2007. The Berlin Zoo's baby bear Knut is the German
capital's hottest celebrity at the tender age of 16 weeks. Fascination with the 9-kilogram (nearly 19-
pound) bear has only grown in recent days, after headlines generated by an animal activist who
insisted that the cub should have been left to die after his mother ignored him. Zoo officials intervened,
instead, choosing to raise the cub themselves through bottle-feeding and keeping the cub in an incu-
bator.



@ BELOW LEFT: Visitors take photographs of Knut, the polar bear cub, not seen, during his sec-
ond appearance in the Berlin Zoo

(AP Photo/Franka Bruns)



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PAGE 22, MONDAY, MARCH 26, 2007















MONDAY EVENING MARCH 26, 2007








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FOX-NC [shepard smith iciaciieiclae ca Susteren (Live) (CC]
FSNFL Poker -Learn {Poker Superstars Invitational + |Best Damn Sports Show Period |Poker--Learn The FSN Final
From the Pros {Tournament From Las Vegas. (Live) (CC) From the Pros Score (Live)
GOLF The Approach | Golf Tavistock Cup -- First Round. From Lake Nona Golf & Country Club in Orlando, Florida.
Lingo (CC) World Series of Blackjack (CC) —|High Stakes Poker (CC) The Three Card Poker National
GSN Ea Championship (CC)
(:00) Attack of {X-Play (N) X-Play Cops “Atlanta” |Cops “Atlanta” Arrested Devel- |Ninja Warrior
GaTech fireshow) | 1 (CC) “(CC) lopment 1 (CC)

(0) Walker, — |Walker, Texas Ranger The MATLOCK: THE HEIST (1995, Ne Andy Griffith, Daniel Roebuck,
HALL exas Ranger _|Rangers’ baitle with the Ortega Carol Huston. Ben must save his friend and crack a robbery case. (CC)
-|(CC) brothers moves to Mexico. (CC)

Buy Me ‘Wendy |Makeover Wish /My First Place |Home to Stay [Opening Soon |Designer Superstar Challenge
HGTV & Eric: Hisn’ ~-|Setbacks. % [Color Poppin’ |(N) (CC) —| by Design Shoe /‘Three Rooms” Contestants meet
Hers’ 1 (CC) Basement” (CC) store in NYC, {the judges. 1 (CC)
Morris Cerullo Breakthrough Ed Young Everyda' Life Today (CC) |This Is Your Day |The Gospel
Insp nO eee [enon Cen
Reba Kyra and |My Wifeand |Accordingto |Accordingto —_ | Friends The pos-|Everybody Everybody
KTLA _[Reba’s double- |Kids Meditation |Jim “Dress to Kill |Jim Che Hes {sibility of preg- |Loves Reymond lores Raymond
dating dilemma. |weekend. (CC) {Me” (CC) miuaoet C ) — fnancy. (CC) ‘Traffic School’ |Debra fights. 1 |
. {Still Standing [Spotlight 25 25-year-old women |THE PARTY NEVER STOPS (2007, Drama) Sara Paxton, Chelsea
LIFE Brian moves into |tackle the challenges of career, fam-/Hobbs, Nancy Travis. Premiere. Binge drinking takes its toll on two col-
the garage. ily and financial debt. (N) (CC) lege roommates. (CC)
MSNBC {eel Hardball coneoen With Keith Olber- — |Scarborough Country Fatal Attraction
NICK Jimmy Neutron: |SpongeBob — {Drake & Josh |Full House FullHouse ( Roseanne 1 {Roseanne “Labor
Boy Genius . |SquarePants © |‘Theater Thug’ |"Fogged Inn” —|(CC) (CC) Day’ (CC)
The Apprentice: |Deal or No Deal (iTV) (CC) —|Heroes Ordinary people find they |News © (CC) |News
NTV Los Angeles (N) possess aMtnorrany powers.

Pinks Inside Nextel Cup SPEED Road |Back in the Day |Barrett-Jackson 2007: The Auc-
SPEED Tour Challenge , tions |

Bishop T.D. Behind the Mark Chironna |Jentezen Jesse Duplantis |Praise the Lord (CC)
TBN Jakes (CC) — |Scenes (CC) Franklin (CC) |(CC)

Everybody Friends ‘The /Friends ‘The ‘Friends “The —_‘|Friends Ross de-|Family Guy Pe- |Family Guy
TBS Loves Raymond |One With the |One With does One With the cides to move. _|ter’s religious fa- |Chris pretends

“No Thanks” —|Dirty Gin” (CC) {Dirty Day” (CC) Kips’ 4 (CC) |. (CC) ther moves in. {he’s dying. (CC)

(a0) My Life as |Little People, Little earls My Unique Family “That Woman Is |One Week to Save Your Marriage
TLC aChild Pub- — |Big World (CC) |Big World “Orga-/My Husband’ A father becomes a “The Cheating Game” (N)

lished author. nizing Amy’ woman. (CC)

(:00) Charmed Charmed The Charmed Ones are |Law & Order “Cut’Anovelist's, jLaw & Order “Choice of Evils” A
TNT Charmed Noir’ |distracted by Leo’s confession that |death appears to have been caused |woman says she killed her teenage

e
1 (CC) he is an Avatar. 1 (CC) by careless liposuction. son. 1 (CC) (DVS)

TOON TEEN TITANS: TROUBLE IN Class of 3000 |CampLazlo |Home for Imagi- |My Gym Part- Futurama ‘,
TOKYO (2006) Voices of Greg Cipes. Sleepover. nary Friends —_|ner’s a Monkey |Roommate”
















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sentremélent.
Storm Stories Abrams & Bettes Weather: Evening Edition (CC
TwCc (CC) é : 9 ) ; =
Kee Duelo de |La Fea Mas Bella Lety es una nifia |Destilando Amor (N) Cristina Cesar Evora; Emesto La- Jet Ch aA | ie the &
UNIV asiones dulce, roméntica e inteligente, pero quardia, a &
apes teeta | Bahamian Puppet a nd lay



Fa ata

(:00) Law & Or- |Law & Order: epeae Victims Unit|WWE Monday Night Raw Six days until WrestleMania. Mr. McMahon vs.
USA der: Criminal In- |Detectives search for a suspect with |Lashley. Plus, Cena & HBK vs. Batista & Undertaker. (Live) (CC)
tent “Stray” Jan ax to grind. 1 (CC)

VH1 Surreal Life Surreal Life Fame Games ‘Ice Ice |l Love New York “Clip Show’ Acceptable TV | Australia’s Next
Fame Games Storm” Secret ballot. 1 Top Model 1

vs (ot NHL Hockey Anaheim Ducks at Detroit Red Wings. From Joe Louis |Hockey Central |NLL Lacrosse San Jose Stealth at
. rena in Detroit. (Subject to Blackout) (Live) (Live) Portland Lumberjax. (Taped)

: in) America’s /America’s Funniest Home Videos |America’s Funniest Home Videos |WGN News at Nine © (CC)
WGN unniest Home |Twelve finalists contend fora © | Twelve finalists contend for a
Videos M (CC) |$100,000 grand prize. (CC) $100,000 grand prize. (CC)
Everybody Everybody Allof Us‘‘The {Girlfriends “Op- |The Game CW11 News at Ten With Kaity
WPIX Loves Raymond |Hates Chris (N) |Boy Is Mine” (N) eration Does She |Camille runs | Tong, Jim Watkins (CC)
Debra fights. | (CC) 1M (CC) Yield” (N) against Kelly.
eo (N) Dr. Phil O (CC) Jeopardy! (CC) Frasier Roz per |Frasler Frasier
WSBK_ {cc forms community |and Bebe host a
service, TV talk show,

PREMIUM CHANNELS’. ciate

: :45) Real Time With Bill Maher —|(:45) Rome “De Patre Vostro (About Your Father)” The UCLA D nast (N) a (CC)
HBO-E | SShiney Franklin. 0 (CC) ark Antony returns to Alexandria. (CC) MEO

his sidekick Derek put ap



SOMe smiles On your









leids’s faces.













Bring your children to the
MctHappy Hour at McDonald's in
Palmdale every Thursday
from 3:30pm to 4:306m during the
month of March 2007.

ee




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ie x % |x POSEIDON (2006, Adventure) Josh Lucas, Kurt |(:45) & x TRISTAN & ISOLDE (2006, Romance)
HBO-P ATCH POINT |Russell, Jacinda Barrett. A luxury liner capsizes in the |James Franco, Sophia Myles. A forbidden love reaches
(2005) ‘R’ (CC) North Atlantic. 1 ‘PG-13' (CC) tragic proportions. ‘PG-13' (CC)

ee x 16 | x ey FIELD OF DREAMS (1989, ray Kevin |(:45) Costas NOW 1 (CC) Ge Real Time
HBO-W [BLOCKS (2006) |Costner. A voice urges a farmer to build a ballpark on ith Bill Maher |
Bruce Willis. {his property. 1 ‘PG’ (CC) Shirley Franklin.

« | kx RED EYE (2005, Suspense) Rachel McAdams, | x * MONSTER-IN-LAW (2005, Romance-Comedy) cy A Making)
HBO-S Cillian Murphy. A plane passenger involves his seat- |Jennifer Lopez, Jane Fonda. A shrewish woman clash- |Of: Monster-in-
mate in a deadly plot. \ ‘PG-13' (CC) es with her son’s fiancee. ( ‘PG-13' (CC) La








Enjoy Great Food, Prizes and Lots of Fun.



































|
wi |
ee ak x JUST MY LUCK (2006, Romance-Comedy) Lind- ue MAX on — | THE WASH (2001) Dr. Dre. The |
MAX-E LEKTRA (2005)/say Lohan, Chris Pine. A charmed woman suffers a re- |Set: Cinderella jassistant manager at a car wash
‘PG-13) versal of fortune. 4 ‘PG-13' (CC) Man 4 (CC) _ jalienates his lazy pals. ‘R’ ‘
) 4% TREMORS Il: AFTERSHOCKS (1996, | x % DOOM (2005, Science Fiction) The Rock, Karl Urban, Rosamund
MOMAX orror) Fred Ward. Giant subterranean worms surface |Pike. Soldiers battle mutants at a research facility on Mars. (\ ‘R’ (CC) 3
at a Mexican oil refinery. 1 ‘PG-13' (CC) i i'm lovin’ it
i * INTO THE BLUE (2005, Adventure) Paul |The L Word ine Tite Coming’ i 3; AN INCONVENIENT
SHOW Walker, Jessica Alba, Scott Caan. iTV. Four divers (iTV) Bette seeks Tina's advice. © |TRUTH (2005, Documentary) iTV. Ma asl a Sap arene ae
cross paths with drug smugglers. ‘PG-13’ CC ‘PG’
pe wo % [eke te HOTEL RWANDA (2004, Drama) Don Cheadle, Sophie Okonedo, | * #% ON THE OUTS (2004, Dra- |
TMC OMORROW ean Phoenix. A hotelier saves 1,200 Tutsi refugees from slaughter. |ma) Anny Mariano, Judy Marte. |
LL NEVER DIES | 'PG-13'(CC) ‘R’ (CC) We (ee _ a





Nhe ee Oa On te ba ie OE aaa






THE TRIBUNE MONDAY, MARCH 26, 2007, PAGE 23

The Tribune’s & Kelly’s

FASTER

Coloring Contest
FIRST PRIZE © SECONDPRIZE __ THIRD PRIZE

Cay Cam RP GIFT BASKET Value $100 cca a) CLE e
T= To ele» In EachAgeGroup InEachAgeGroup



CONTEST RULES









1 Children ages 4-5, 6-8, and 9-10. Staff members and relatives of The Iribune and Kelly’s are not eligible to enter.

“1 2 Coloring may be done with crayons. Adults or an older child may assist the child in filling out the entry form, BUT NOT IN COLORING THE ENTRY.

3 Enter as many times as you wish. All entries must be in The Tribune by 5 pm on Friday March 30, 2007. Winners will be contacted April 3 and winners |
published Thursday, April 5, 2007. i

4 There will be one first-prize winner, one second-prize winner and one third-prize winner in each age group.

5 All entries become the property of The Tribune and may be used for any purpose including, but not limited to, publication in a future issue.

NO PHOTOCOPIES. USE NEWSPAPER AD oy a



Child’s Name: Parent/Guardian Signature__

Address: Tel: (hm) (cell) Age:



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PAGE 24, MONDAY, MARCH 26, 2007 THE TRIBUNE aie)







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FOR SPONSORSHIP INFORMATION CONTACT CCM eae
PH: 323-5589 KATHY@CCMBAHAMAS.COM .

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MONDAY, MARCH 26, 2007



SECTION

business@tribunemedia.net



Miami Herald Business, Stocks, Analysis, Wal Street







Multi-million Hilton
marina deal ‘in limbo’

British Colonial investment partners ‘optimistic’ agreement can be reached, with new terms
being drafted, as Island Global Yachting warns downtown Nassau project running out of time

m@ By NEIL HARTNELL
Tribune Business Editor

proposed mul-
' ti-million dollar
marina/resort
development

just west of-

downtown Nassau’s British
Colonial Hilton is currently “in
’ limbo”, its developer told The
Tribune, after the new 'invest-
ment partner in the latter hotel
'» “decided to change the terms
of the deal”.
Andrew Farkas, chairman
and chief executive of New



# AN outside view of the British Colonial Hilton, Nassau

York-headquartered Island
Global Yachting (IGY), said
the project had been approved
by the Government and “every-
thing was in great shape”, until
the Canadian Commercial
Workers Industry Pension Plan
(CCWIPP) sold a majority
stake in the British Colonial
Hilton’s holding company to
Adurion Investment Manage-
ment, a boutique Swiss/UK
investment house.

Adurion itself has made a
more-than $30 million invest-
ment commitment to revitalize
the hotel, including a $15 mil-

lion refurbishment programme,
after taking control of the
British Colonial Development
Company from its Canadian
pension fund partner. But Mr
Farkas said IGY’s own project
now hung in the balance after
the new investor decided to
alter the original deal.

A CCWIPP spokesman,
though implying that Adurion
did indeed want to alter the
conditions of the agreement,
told The Tribune that the
investment house was prepar-
ing new terms for the project
that would be submitted to IGY

this week.
Both British Colonial Hilton
partners wanted the marina
project to go forward, and were
“optimistic” it would, believing
a number of issues had been
resolved during a conference
call with IGY executives last

Thursday.
Mr Farkas, too, confirmed to
The Tribune that the

.Mmarina/resort project was not

dead, and that IGY was still
talking to CCWIPP and Adu-

SEE page 7B

Morgan Stanley deal Bahamas needs 14 per cent VAT rate
‘close to approval’

@ By NEIL HARTNELL
Tribune Business Editor

THE multi-million dollar
Morgan Stanley project, pro-
posed for a 2,000-acre site at
Barbary Beach in Freeport, is
close to being approved, sources
have told The Tribune, with
some saying that only foreign
exchange control permission
from the Central Bank of the
Bahamas is required before the
development is a ‘go’.

The blue-chip Wall Street
investment bank has been nego-
tiating a joint venture with Port
_ Group Ltd, the Grand Bahama
Port. Authority (GBPA) affili-
ate that owns the productive
assets in Freeport, for a site east
of the Grand Bahama st
way for over a year.

Graham Torode, the Grand
Bahama Development Compa-
ny’s (Devco) president, did not

return The Tribune’s call seek-

ing comment, but numerous |

sources familiar with the situa-
tion said the deal is close to»
completion, with Investments
Board approval having already
been given by Nassau.

The Government had
promised a rapid turnaround
time for the Morgan Stanley
project once the GBPA and
Port Group Ltd had finished
their work, it is understood.

The Morgan Stanley project
would be Freeport’s answer to
what Kerzner International has
done with Atlantis on Paradise
Island, an affidavit from Rick
Hayward, Sir Jack’s son, detail-
ing that it would feature hotels,
entertainment facilities, resi-
dential development, roads and
infrastructure, plus pools, golf

SEE page 11B

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CARICOM study says this needed for revenue neutral outcome, with possible $266m loss from full trade liberalisation

.@ By NEIL HARTNELL

Tribune Business Editor

A VALUE-Added Tax
(VAT) levied at a rate of
“between 13-14 per cent would

be needed for the Government
to recoup all the import duties it
would lose if forced to scrap the
current Bahamian taxation sys-
tem as a result of agreeing to
full trade liberalisation, a study

has revealed.

An August 2006 paper on the
full fiscal impact of trade liber-
alisation on the Bahamas, which
was prepared for the CARI-
COM Secretariat but has never

been released publicly by the
Bahamian government, used

this nation’s 2003 gross domes- 4.

SEE page 14B



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PAGE 2B, MONDAY, MARCH 26, 2007 THE TRIBUNE
cn ea ee ee

For the stories behind the news,

Kingsway Academy

ENTRANCE



week in the Bahamian
market as under 35,000
shares changed hands. The
market saw 1! out of its 19 list-
ed stocks trade, of which two
advanced, two declined and

[ was a moderate trading

was Cable Bahamas (CAB)
with 12,300 shares changing
hands and accounting for 35.6
per cent of the total shares
traded. The big advancer for
the week was Abaco Markets
(AML), up $0.04 or 5.13 per
cent to close at $0.82. On the











eA

cent to close at $2.10.

The FINDEX declined by
2.36 points for the week, to
close at 789.27.

US ECONOMIC NEWS

US$ strengthens versus

Euro & Yen

THE dollar rose against the
euro and pared most of its loss-



rea @ By Fidelity Capital seven remained unchanged. down side, Bahamas‘Waste unexpectedly rose last month, ;
d Insight on Mondays Markets Volume leader for the week (BWL) lost $0.09 or 4.11 per reducing the likelihood of Fed- Wy
BN

eral Reserve rate cuts.

The US currency rebound-
ed from a two-year low against
the euro, a day after the central
bank dropped its bias towards
higher rates and said its future
outlook depends on growth,
and inflation.

Investors who sold the dollar :
following the statement are
now unwinding their trades,








































Come to the
Bahamas National Trust's





The Tribune wants to hear
from people who are
making news in their
neighbourhoods, Perhaps
you aréraising funds for a
good cause, campaigning



DIVIDEND/AGM NOTES:



2007.



2007.







e ICD has declared dividends of $0.10 per share, payable on
March 30, 2007, to all shareholders of record date March 12,

March 30, 2007, to all shareholders of record date March 15,

¢ CAB has declared dividends of $0.06 per share, payable on
March 30, 2007, to all shareholders of record date a 16, |:

° CBL has declared an extraordinary dividend.of $0. i nen








; ; _ e / a ; . Part bee
es versus the yen after a US adding momentum to the cur-’ ole
EXAMINATION International Markets industry report showed sales _ rency, according to traders and venta
of previously owned homes _ strategists. ph
TE FOREX Rates sevAal
FOR SEPTEMBER 2007. Weekly a Chpiiee a o2
sont
* : @
The Entrance Examination will be held at the ed eon a The Bahamian Stock Market 4,18
- : ane : VMWEPe
school on Bernard Road on Thursday, April EUR 1.3284 -0.24 epee a
12 2007 a 8:00 a.m. for students wishing to : = "ods
fan iti BISX CLOSING CHANGE VOLUME YTD PRICE ES
enter grades seven through ten. Deadline for Commodities os nici aVaE. HiucE ee ee
applications will be Wednesday, April . ; whim
11. Aplications can be collected at the Crude Oil $62.23 8.98 AML S82 Or, ae epee os
; Gold $657.50 0.61 BAB $1.30 $- 0 4.00 % SNL
Business Office from 8:00 a.m. to 4:00 p.m. BBL $0.85 $- 0 11.84% .
BOB $8.60 $- 2865, 7.10% DA,
: : BPF $11.25 $- 2700 -0.44% ;
International Stock Market Indexes: BSL $14.60 $. 0 000% fi
. . BWL $2.10 $-0.09 2000 20.00% g!
For more information please call telephone Weekly % Change CAB $10.35 $0.02 12300. 3.50%. h,
‘numbers 324-8811: 324-3409: or 324-6269 12,481.01 3.06 CBL $14.00 $- 850 11.91%
1436.11 354 CHL $2.10 $- 996 10.53% ;
7456.18 340 CIB $14.61 $-0.09 2400 3.25% s
17 480.61 4-40 CWCB $4.80 $-0.28 0 551% “)
ree DHS $2.46 $- 0 -1.60%
———- FAM $5.94 $- 1900 ‘2.59%
FCC $0.50 $- 0 -9.09%
FCL $17.06 $- 0 . 35.94% O
FIN $12.45 $- 500 3.58% m=
ICD $7.25 $- 4000 1.40% es
ISI $9.05 $- 0 5.23%
PRE $10.00 $- 0 0.00% | a
ar

© CBL has declared dividends of $0.12 per share, payable on sie






for improvements in the share, payable on April 30, 2007, to all ‘shareholders of record ; ois otf >
area or have won an date April 13, 2007.
award. eas .
© CWCB has declared dividends of $0.013 per BDR, payable ritin
It a ee us on 322-1986 on May 7, 2007, to all shareholders of record date March 30, ar
D f f, ‘ | e and share your story. 2007. Me
ay of fun, creative learnin : :
eo. efe e sUKS
activities and entertainment oad
e “ ie
eee Bahamas likely to ae ie
bid
‘ons

Saturday, March 31, 2007
-11am to 5pm at the Retreat Gardens
National Park, Village Road - 6




























extra tax refo



rm time *

Admission: Children - $2 Adults - $5* te
@ By NEIL HARTNELL . import duties system as a protec- _ new tax structure from this date, SQ.
eh Fee rice Tribune Business Editor tionist measure and barrier to if the Bahamas decided to goin = 49%
Activities and exhibitors include: rh trade, which either needs to be __ this direction. femal
: e ° t y . . “6 * Tv
Bahamians artisans, craft vendors and small businesses = : THE Bahamas dependency on eliminated or the tariff rates heav- A Value-Added Tax (VAT) or
Deli Food & B Kildren’s Crafts. import duties to provide'the bulk __ ily reduced. some combination of VAT and 4
elicious Food & Beverages, Children's Crafts of its tax revenues would likely Apart from the WTO, there is __ sales tax were among the likeliest syd
Old Fashioned Games area: Top Spinning; Hoola Hoop; Hop Séaichy ensure that this nation is given the Economic Partnership Agree- options, Mr Smith said, adding =v
Jack Stones: Marbles . more time than less-dependent ment (EPA) that the Bahamasis that the Government had been shy
countries to reduce or eliminate currently negotiating with the advised that these systems evih
ral : fiat these if it enters'into various trade © European Union (EU) through — worked best once the appropriate y 4g
12 to 3:00pm - Wildlife Education and Exhibition by Ardastra Gardens Zoo & *” agreements, the minister of state | CARIFORUM, plus the eventu- Information Technology (IT) — sie,
gy 2 i89
Conservation Centre for finance said. ° al need to also replace the _ platform was put in place. ate
1:00 to 3:00 pm - Starbucks Coffee Tasting ~ “ James Smith, told The: Tribune Caribbean Basin Initiative (CBI), “The process of going toanoth-
that the. important issue regarding the preference system through er tax regime involves selling it —
i i i i > its taxation system was for the which Bahamian exports enter to the stakeholders,” Mr Smith = 7"
— - and Ma Grate ant Gardening Woviships under the Gorey Higgs Pavilion Bahamas to commit to introduc- _ the US duty-free. said, adding that VAT would add
11:30 am Native Plant Propagation with Shenique Albury a ing a new structure, rather than R 1 broaden the Bahamian tax base ~
12:30 pm Sustainable Gardening with Tim Bethell of Terrain Design the speed at which it did so. ep acement beyond just physical goods to ser- PF"
; ” Due to this country’s depen- vices, which account for the = «£
ie ae hae Hort uae ae Strawbary Pot fy Nassau Garda lub dency on import duties, he said it Both the EPA and the CBI majority of economic activity in — “s/4
‘30 pm Tile Art create a fun PEE out of tile and Sea glass | was likely that the Bahamas replacement will likely rely on __ this country. .
3:30 pm Create your own Stepping Stone facilitated by Kaethi and Hans Pieter Schaerer would be able to move more — reciprocity, which means the Two studies on tax reform had sit
slowly on import duty elimina- | Bahamas will have to offer the been completed to date, Mr ss
4-00 pm Canine Agtity Demonstration featuring the Bahamas Dog Aailty & Obedience tion and their replacement witha same duty-free access to this Smith said, one by the Interna- Ton
; new tax structure than other nation for EU and US exporters tional Monetary Fund (IMF) and gti
countries that raised a much low- as they do for Bahamian compa- the other by UK-based Crown org
i er percentage of their revenues __ nies. In the case of the CBI and Agents.
from such taxes. US, this will have major reper- These studies had examined gs
The Bahamian tax regime isset | cussions for the Bahamian tax __ the existing Bahamian tax regime,
to come under significant pres- system, since over 90 percent of — the minister added, looking at aL
Quiznos sure from the global rules-based — imports come from the US. aggregate revenues, then break-- —" ~~
repose ASST HE trading system, such as the World Mr Smith estimated that it ing them down into individual - 5,
Trade Organisation (WTO), would take two to three years to line items, and the quantity that 7
which this nation has applied for implement a new tax structure — was imported and the rates of y
| sponsored yi Kentucky Fried Chicken, Burger King and Quiznos full membership in. Such organi- and replacement for import — duty attached to each. .
zations regard the Bahamian _ duties, once consultations with all This was designed to assess ~
relevant stakeholders had been — what VAT rate, for example, was oe
completed, a ‘White Paper’ on required for the Government to #3
the issue circulated and Cabinet maintain a “revenue neutral” 3"
approval for the change given. position, where it replaced the 6
The minister added that the — revenues lost from import duties. ang
Bahamas had “got a lot of work — All items were being analysedto og
done”, and that it might take five | determine the consequences of
to seven years to implement a reduced import duty rates. iY
mah
24
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7

The Miami Herald |

WALL STREET



|
| MONDAY, MARCH 26, 2007

3B

Blackstone offers a piece of the action

@ Blackstone Group plans to sell
shares in its underlying
management company, but
Investors will have little say in the
company that will be operated
like a private concern.

BY JOE BEL BRUNO
Associated Press
NEW YORK — Blackstone Group,
the world’s largest private-equity
_ ‘firm, is extending an interesting pro-
posal to retail investors: a piece of the
action, just not a seat at the table.
The New York-based buyout shop
announced plans this past week to

AGRICULTURE

More

citrus

srowers
soing
organic

increased demand for organic
orange juice.

BY SUSAN SALISBURY
The Palm Beach Post

The news has been bleak for
orange juice sales this year, with
diminished supply leading to higher
prices for consumers.

But there’s one category of Flori-
da’s signature beverage that’s grow-

It’s organic orange juice, and
although sales account for less than 1
percent of all OJ sold, advocates say
it’s a product whose time has come.

“The demand for organic citrus is
extremely high: It’s been hard to sup-

’ ply it,” said Kevin Spooner, a Vero
Beach, Fla.,-based grower who sup-
plies fruit that ends up as juice at

-Whole Foods Markets and also
serves as a fresh-fruit shipper under
the Spooner’s Organics brand and
consultant to other organic growers.

Spooner, 43, owner of Sailfish Cit-
rus, is one of 37 organic citrus grow-
ers producing fruit on more than
4,900 acres, according to the Florida
Department of Agriculture’s citrus
license and bond office.

The groves are overrun with
weeds and insects — even fire ants —
but Spooner welcomes both.

Weeds are good because they pro-
vide a place for beneficial insects to
live and, when cut, become compost.
Fire ants and other beneficial bugs
eat some insects that Spooner doesn’t
want in the grove.

“Conventional growers used to
make fun of my groves because of all
the weeds. Organic growers were the
laughingstock of the industry,”
Spooner said. “They thought it was a
passing fad. Now, nobody’s laugh-
ing.”

Organic orange juice is made from
fruit that is grown without synthetic
chemicals of any kind. Most conven-
tional groves use pesticides and fer-
tilizers, and their trees stand in well-
manicured, orderly rows. |

° TURN TO ORGANIC

JAPAN

Women love

W@ The 11-foot-long Nissan Pino
can come with pink bear-shaped
cushions, seat covers with hearts,
a CD case that looks like red lips
and a colorful cover for a tissue
box.

BY YURI KAGEYAMA
Associated Press

YOKOSUKA, Japan — Ayano
Sasao is defying the conventional
wisdom that cars targeted to a niche
consumer category like young
‘women are doomed to fail.

The 18-year-old Japanese hospital
worker just bought the Nissan Pino, a
toylike minicar just 11 feet long with
star-stamped upholstery, a hook for a
handbag and a chic “milk tea beige”
exterior — although she says she
almost went with the pink.



raise $4 billion through an initial pub-
lic offering. Blackstone — which uses
its own investors’ money to buy
shareholder-owned companies and
take them private — could be valued
by some $40 billion once it goes pub-
lic.

The buzz about an IPO has been
escalating since word leaked out
more than a week ago. But, some
observers are questioning the deal
because the new structure will give
retail investors little say in a com-
pany still operated like a private con-
cern.

Blackstone plans to sell shares in





dollar venture in Sao Paulo.

“Why didn’t this building get
built?” asked Molly Steele, an attor-
ney with Thompson & Knight in
| Dallas. Then she placed the blame
squarely on the Brazilian devel-
oper.

“The contract established that
the American investor was obli-
gated to find project financing,”
countered Eduardo Gongalves, an
attorney with Barretto Ferreira,
Kujawski, Brancher e Gongalves in
Sao Paulo. :

The verbal jousting wasn’t real.
It was part of a mock arbitration
session during the recent Fifth
Annual Miami International Arbi-
tration Conference and provided a
_ rare glimpse of what goes on
| behind closed doors in private arbi-
tration sessions.

Not only is the use of interna-
tional arbitration to resolve com-

“It’s so cute. I just love it,” she
said.

To make sure women like Sasao
get the message, Nissan launched a
merchandise line for Pino, including
pink bear-shaped cushions, seat cov-
ers with hearts, a CD case that looks
like red lips and a colorful cover for a
tissue box.

Ironically, Pino isn’t even made by
Nissan, Japan’s third-biggest auto-
maker. It’s made by Suzuki.

But under a manufacturing agree-
ment, Nissan packages Suzuki’s Alto
model differently, with fancier seat
fabric, a distinct front design and a
hubcap inspired by a snowflake so
the wheels appear to sparkle on the
road — all touches to give the car that
cute look.

Nissan had 5,500 orders for the



its underlying management company,
and not the side of the company that
runs its investment portfolio. It will
be structured as a limited partnership
where investors pay for a piece of the
management company’s profits.
“This is a fascinating moment in a
maturing industry that’s changing
from a mystical back room club into a
big public industry,” said Matthew
Rhodes-Kropf, a professor of finance
at Columbia University. “But, you
have to question why they’re using
this point and time to go public.”
The IPO marks an entrance into
the world of private equity that retail



SETTLING DISPUTES



ARBITRATION CAPITAL
_ OF THE AMERICAS

| FEUDING GLOBAL COMPANIES COME TO SOUTH
FLORIDA TO QUIETLY SETTLE THEIR DISPUTES

BY JANE BUSSEY
JBUSSEY@miamiherald.com

Words flew and lawyers clashed over whether an American investor
or a Brazilian developer was responsible for the failure of a multimillion

mercial clashes growing, but also
feuding companies are increasingly
coming to Miami to settle their dis-
putes. The city has become one of
the top five places in the world for
international arbitration.

The vast majority of interna-
tional business contracts now
include some type of arbitration
clause, spelling out the location for
arbitration when disputes arise and
the rules that will apply, such as the
Florida International Arbitration
Act.

Think of the clause as a pre-pup
for business deals — if the partners
suffer irreconcilable differences.

In this country, Miami is second
only to New York for arbitrations
held by the American Arbitration
Association. Outside the United
States, Paris, London and Geneva
are the other top international cen-

Nissan’s car, the Pino

Pino in the first month since it went
on sale in January, more than double
the company target of 2,500 a month.
Sasao knew Alto looked a lot like
her Pino and was quite a bit cheaper.
Pino starts at about $8,600, while
Alto starts at $5,600. But she still was
willing to spend more — and take out
a six-year auto loan — for the Pino
because she thought it was cuter.
While models such as sports cars
or family minivans target segments of
the population, auto companies gen-
erally avoid producing models aimed
at narrow niche markets because
they usually don’t sell in numbers.
Toyota officials often say they
don’t believe in overly specific mar-
keting tactics, which are apt to back-

* TURN TO AUTOMOBILE.

apap

ECE EE Re

investors have never been given
access to. Buying into Blackstone
gives investors a piece of an invest-
ment management firm whose port-
folio includes everything from
Madame Tussaud’s wax museums to
a massive stake in Germany’s
Deutsche Telekom.

It also sheds a bit more light on the
inner workings of unregulated pri-
vate investment firms.

Until now, only wealthy investors
could afford the opportunity to sink
cash into private equity firms. They
entrust millions of dollars to the
firm’s strategists without being told

ARI



t

|

{
ters for dispute resolution.

Twenty-seven cases — most |
long, complicated big-ticket dis-
putes lasting months or even years
— were heard in Miami last year
under the auspices of the American
Arbitration Association, but scores |
more cases were arbitrated ad hoc. |

Arbitration is gaining favor
because it often saves time and |
money by limiting legal discovery |
and appeals. Its popularity is also
growing because arbitration judge-
ments can be enforced by local
courts around the world. In con-
trast, if a lawyer wins a lawsuit in a
U.S. court, an award can be col-
lected only if the other side has
assets in the United States.

But with arbitration, “I can take
that award to a courthouse in Lon-
don, convert it into a United King-
dom judgement and then it is
treated like a local judgement,” said |
Hogan & Hartson lawyer Daniel E.
Gonzalez, who directs the firm’s
international litigation and arbitra-
tion practice group. “I can do that
anywhere in the world in any coun-
try that has signed [a United
Nations] convention” on arbitra-
tion.

Arbitration also allows private |



° TURN TO ARBITRATION



exactly how their money will be.
used, or what the returns will be.

Through the release of Black-
stone’s IPO documents, the world
now knows why investors have such
faith in the firm. In less than six
years, total assets under management
at Blackstone have risen more than
fivefold, from $14 billion to $78 bil-
lion.

Blackstone’s portfolio of compa-
nies achieved annual returns of 23
percent since 1987. Its real estate
holdings did even better, with 29 per-

° TURN TO BLACKSTONE

COMMISSION

Realtors’
6% cut dips

©] Realogy Corp.’s annual report
shows that the average amount
paid to either the seller’s or
buyer’s agent dipped below

2.5 percent in 2006.

BY JEFF OSTROWSKI
Palm Beach Post

Real estate commissions are
steadily falling, and the oft-cited, oft-
debated industry standard of 6 per-
cent is becoming a distant memory,
according to little-noticed numbers
the nation’s largest real estate broker
released this month.

Realogy Corp.’s annual report
shows that the average “commission
side” — the amount paid to either the
seller’s or buyer’s agent — dippe
below 2.5 percent in 2006.

Assuming that agents for both
sides equally split commissions, that
means the average commission was’
less than 5 percent.

“That’s good news,” said Stephen
Brobeck, head of the Consumer Fed-
eration of America, a group that has
criticized real estate commissions. “It
shows consumers are increasingly
negotiating.”

Don’t feel too bad for Realogy and
its thousands of agents. Thanks to
soaring home prices, their take from
real estate transactions has risen.
Even as Realogy’s commission rates
fell over the past five years, the aver-
age dollar amount per commission
side rose to $12,691 in 2006 from
$8,535 in 2002.

The stakes are high, both for the
nation’s million-plus Realtors and for
consumers, who pay an estimated
$60 billion-plus a year for real estate
brokerage fees. On a $400,000 sale, a
6 percent commission amounts to



$24,000, while a 5 percent commis-

sion is $20,000.

The Realogy report is noteworthy
partly for the company’s sheer size.
Parsippany, N.J.-based Realogy owns
a number of brokerages, including
Coldwell Banker Residential Real
Estate, the largest brokerage in Flor-
ida.

Realogy also franchises the Cen-
tury 21, ERA, Coldwell Banker and
Sotheby’s International brands.

As the nation’s biggest broker,
Realogy has been pushing to hold the
line on commissions, even as con-
sumers increasingly demand dis-
counts.

But Realogy’s annual report shows
that the average commission side for
its franchisees fell to 2.47 percent in
2006, down from 2.51 percent in 2005
and 2.65 percent in 2002.

For Realogy-owned brokers, the

° TURN TO REAL ESTATE

ae
—
_
bd

SHIZUO KAMBAYASHI/AP

CUTE WHEELS: Eighteen-year-old hospital worker Ayano Sasao loves
the cute Nissan Pino on display in Yokosuka, south of Tokyo. The

car is marketed to young women.

oo AT





AGRICULTURE

4B MONDAY, MARCH 26, 2007_ INTERNATIONAL EDITION



Growers going organic

*ORGANIC

Liz Gelfand; a Boynton
Beach, Fla., resident and artist
who buys organic orange
juice occasionally, says she
prefers it because it is grown
without the use of pesticides
or synthetic chemicals.

“I buy organic because it is
better for the environment,
better for the bees,” Gelfand
said.

Other consumers like her
buy organic for many of the
same reasons.

». The history of organic cit-
rus in the state goes back to
the 1940s, said Mary Mitchell,
who co-owns the Eagle’s Nest
Grove in the Putnam County
town of Crescent City with
her husband, Robert. The 20-
acre grove is the nation’s old-
est one continuously devoted
to organic agriculture,: said
Mary Mitchell, 47.

“Back in the early years, we
did not wash the fruit, grade it
or anything,” Mary said. “The
true organic person wanted it
unwashed. and unwaxed and
sent from tree to box. As it got
more accepted and started
moving toward mainstream,
customers started demanding

SETTLING DISPUTES

it washed, waxed and in a
clamshell.”

NATURAL RESISTANCE

As organic agriculture
grows, more nonsynthetic fer-
tilizers and natural treatments
are being developed ta serve
the industry. Trees that are
not chemically treated seem
to become naturally more
resistant, growers say.

Wade Groetsch, president
of Blue Lake Citrus in Winter
Haven, said his operation
began producing organic
orange juice under its Nobel
Organics line in 2004.

“You start bringing back
the natural ecological system
to the grove. The animals,
birds and insects that are
good for the operation get
reestablished,” he said.

Groetsch estimates organic
orange juice production in
Florida at about 3 million gal-
lons, worth $18 million or so.
That’s a fraction of the $1 bil-
lion Florida citrus industry.

The U.S. market for
organic beverages of all kinds
totaled $13 billion in 2006, an
increase of 97 percent from
2001, according to Mintel
International Group of Chi-

Arbitration attracts
high-stake cases

* ARBITRATION

companies to. bypass court
systems that they consider
corrupt and_ inefficient.
“American companies won't
do litigation in Latin Amer-
ica,” said Miami attorney
Andres Rivero, of Rivero,
Palmer & Mestre.

The fear of local court sys-
tems.goes both ways. Latin
American companies also
tend to avoid American

“" courts with their provisions’

“for punitive damages, class
action and discovery, lawyers
said. South Florida lawyers
are increasingly. tapped for
arbitration because many are
bilingual as well as versed in
Latin America’s civil law sys-
tem, which is based on the
Napoleonic Code and con-
trasts with the common law
system.-practiced in the
United States. Some. large
Latin American companies
also are asking that arbitra-
tion sessions be conducted in
Spanish. With its translators
and bilingual court reporters,
Miami is a‘logical choice.

As their expertise in arbi-.
tration grows, South Florida
lawyers find their services are
in demand around the globe.

“Our practice is very much
outside of Miami,” said José I.
Astigarraga, who in 2000
helped set up Astigarraga
Davis, a boutique law firm
that now has 17 lawyers dedi-
cated to international arbitra-
tion and litigation. “The Latin
American privatizations in
the early and mid-90s trig-
gered the rise of arbitrations,”
Astigarraga said. “The big
boom [in cases] began taking
place in the late 1990s.”

HUGE JUDGMENT

Last year Astigarraga and
his colleagues spent three
months in Boston for an arbi-
tration case involving their
client, distributor Alon Inter-
national, and the shoemaker
Converse. Although details of
the dispute are confidential,
the $52.5 million judgment
against Converse became
public when the shoemaker

JAPAN

filed a motion to overturn the
judgement. In the end, Alon
International prevailed.
Hogan & Hartson lawyer
Gonzalez also spends most of

‘his time on cases outside

Miami. “The handful of us
doing this are just as likely to
bump into each other in Latin
America or Europe as we are
to bump into each other

here,” Gonzalez said.

Hogan & Hartson, one of
the largest law firms in the

country, has 60 international
litigation’ and arbitration

attorneys located at 17 of its
22 offices, but the practice is
based in Miami.

SETTING THE STAGE

About a year ago, Hogan &
Hartson set up a dedicated
arbitration room inside its
offices to handle the rising
number of international arbi-
tration cases, about three
major hearings a year, as well
as to practice for arbitrations.

The American Arbitration
Association also has four
hearing rooms in its offices
and holds an average of two
arbitration sessions each day.

“It’s something that has
grown dramatically in the last
few years because the parties
in Latin America need a neu-
tral place,” said Albert Orosa,
regional vice president of the
AAA. “Miami, for Latin Amer-
ica, has become that.”

Regional companies favor
Miami for arbitration for the
same reasons that South Flor-
ida is a center for Latin Amer-
ican deal making: “Miami is a
meeting place for all of Latin
America,” said Roberto Illing-
worth, an attorney with

. Zavala Baquerizo, a law firm

in Guayaquil, Ecuador. “We
have difficulties flying from
Guayaquil to Lima, for
instance. But everyone can
come to Miami. It’s ideal.”

In 2005, when the Florida
Bar wrote a rule restricting
the number of times out-of-
state lawyers could argue
cases or participate in domes-
tic arbitration in Florida,
Miami attorneys successfully
argued before the Florida

‘Women love Nissan’

° AUTOMOBILE

fire for an automaker known
for best-sellers like the Camry
and Corolla.

And in most countries,
experts tend to advise against
making autos pink or adding
other “cute” features to
appeal to female drivers
partly because that may
smack of sexism and turn off
women — except in Japan.

Here, young women are
extremely powerful in setting
trends, and the culture of cute
is so prevalent grown men
aren’t embarrassed about

dangling little mascots from
cellphones.

Also, Japanese consumers
frequently use personal prod-

‘ucts to show off who they are,

often buying designer-brand
products to make a statement,
said Kazuo Ikegami, market-
ing expert and professor at
Rissho University.
' “Product image is far more
important for Japanese con-
sumers than American con-
sumers,” Ikegami said.

“There’s a much bigger
element of personal identity
in Japanese marketing.”

Even the advertising for

s ‘cute’ car

cago. But organic beverages
account for just 2 percent of
overall beverage sales.

Still, the world’s largest
orange juice company, Chica-
go-based Tropicana, has
taken notice. Tropicana’s first
organic orange juice debuted
in February at Whole Foods
Markets stores and by May
should be in select Florida
supermarkets, Tropicana
spokesman Pete Brace said.

Matt McLean, founder and
president of Uncle Matt’s
Organic in Clermont, Fla., the
nation’s second-largest
organic orange juice brand
after LaFarge, Wis.-based
Organic Valley, said he wel-
comes the attention Tropi-
cana’s entry will bring to the
category.

GROWING EXPOSURE

“It will give us a little bit
more visibility, which will be
good for the industry,” said
McLean, 35. “Hopefully, they
will spend money promoting

. the sector.”

McLean’s family has grown
Florida citrus since the 1920s.
In 1999, he founded Uncle
Matt’s Organic, and now 15
groves are under the compa-

____MiamiHerald.com | THE MIAMI HERALD



CHEMICAL-FREE: Kevin Spooner, owner of Sailfish Citrus, which specializes in organic
citrus, shows off white grapefruit ready for picking at groves in Vero Beach, Fla.

ny’s organic certification.

“I started looking into the
organic market and said, ‘This
is something Granddad has
been talking to us about.’ This
is how we used to grow cit-
rus,” he said.

“We had success before.
Now we can do it again.”

Conventional growers are

finding it harder to see the

benefit of organic growing,
McLean said.

One primary reason is
money: This season, the pre-
mium for organic juice is only



NATACHA PISARENKO/AP FILE

HIGH-PROFILE EVENTS: Some pending Latin American cases
involve foreign utilities that have sued Argentina
seeking compensation for losses because of the
economic and financial crisis in 2001. Demonstrators,
above, protested utility rates in Buenos Aires in 2002.

Supreme Court for an-excep-
tion for foreign lawyers par-
ticipating in international
arbitration. Restricting for-
eign attorney participation
could harm Miami’s efforts to
draw international arbitra-
tion, they argued. Now for-
eign lawyers can come to
Miami for international arbi-
tration as often as they want.

Still, the number of inter-
national arbitrations in Miami
is small compared to the num-
ber of federal, state and local
cases filed each year. And the
two dozen or so cases also
pale compared to the 600
cases filed each year in Paris.
Arbitration cases, however,
often make up what they lack
in quantity with the big bucks
that are usually involved.

“If there is a dispute, the
likelihood is it will be a large
dispute,” said George Pierson,
legal counsel for Parsons
Brinckerhoff, a planning,

Pino is tailored to women
who are about 20 years old.

The pamphlet is manga-
style, like a Japanese comic
book, depicting the story of
three young well-dressed
women going shopping
together, manicuring their
nails to match the star-pat-
terns on Pino seats, using aro-
matherapy oils in the car. The
TV ads also tell a similar
story.

Nissan marketing manager
Miwa Ishii says one goal for
Pino is to court young drivers
to the Nissan brand with
hopes they’ll move on to buy

I

engineering and construction
management organization.
“We don’t go to arbitration
for $50,000 or $100,000.”

But some experts view
bypassing local courts as a
worrisome trend that creates
a parallel legal structure in
Latin American countries
instead of encouraging
needed judicial reform. “In
the private sector, they say,
‘We can’t trust the courts, we
will agree to private arbitra-
tion,’ ”’ said Riordan Roett,
director of the Latin Ameri-
can Studies Program at John
Hopkins’ School of Advanced
International Studies. ‘The
sector that is the most
dynamic part of these econo-
mies is going around the
established institutions of
these countries. That is a
frightening issue.”

But proponents of arbitra-
tion say the process is just one
more tool in settling disputes.

the Pino

more expensive models in the
future.

Ishii said the Net store Nis-
san opened especially for
Pino goodies is aimed at
attracting online shoppers,
who tend to live in areas far
from the glitzy stores of
Tokyo and other cities —
exactly the demographics of
those who buy minicars.

“Rather than talk about the
features of a minicar, we
thought it’s better to talk
about how cute it is,” she said.

“It’s a new model. We’re
starting from zero to build
public awareness about it.”

10 percent to 20 percent
higher than conventional
juice instead of the usual 30
percent or more. But fresh
organic fruit can still com-
mand two to three times the
price of conventional citrus,
growers say.

Second, conventional
growers worry that if they go
organic, their groves will suf-
fer from pests and diseases,
such as citrus canker and
greening, that they will not be
able to fight with the usual
chemicals, including the

WALL STREET

insecticides used on the psyl-

lid insects that spread green-
ing.
Despite the challenges,
McLean said the company has
600 to 700 acres in transition
to organic.

- What the organic growers °

are really doing is returning
to growing citrus the way it
used to be grown in the 1950s
and earlier, Spooner said.

He uses standbys such as
fish emulsion fertilizers,

which also help control citrus .

problems such as rust mites.

Blackstone
to go public

* BLACKSTONE

cent returns since 1991. This
helped boost 2006 profit to

_ $2.27 billion, more than dou-

ble that of the previous year.
That means each of its 770
workers produced an average
of $2.95 million in net income.
By comparison, employees at
Goldman Sachs Group — the
largest U.S. investment bank
— each averaged about
$360,000 for the company in
2006.

“I thought there was going
to be a brownout in midtown

‘Manhattan from all the

e-mails going back-and-forth
and all the telephones ringing
about this deal,” said Robert
Profusek, head of private
equity at law firm Jones Day.
“This is an important
development, and a compli-
ment to the firm that it was
able to do this and generate so
much attention,” he said.
“But, it isn’t something where
the whole world is going to
change because it happened.
It does change Wall Street.”
Blackstone said it consid-

' ers itself an “alternative asset

manager” because it does not
trade in public securities and
cannot be defined as a tradi-
tional investment bank.

COMMISSION

However, there is some
speculation Blackstone Chief
Executive Stephen Schwarz-
man is leading the company
into direct competition
against Wall Street’s five big-
gest investment houses. Gold-
man Sachs and Morgan Stan-
ley are doing an increasing
amount of its business in pri-
vate equity, while Blackstone
is getting more fees from its
corporate advisory business.

This could revolutionize
the way investors look at a
Wall Street player, and intro-

duce a new breed to the mix.

And that’s enough to get the
attention of investors. “The
Blackstone name has enough
cache that it will be well
accepted,” said Janna Samp-
‘son, a portfolio manager at
OakBrook Investments. “ It

would fit in a diversified port- |

folio that holds some of the
investment banks, but
because it’s a pure play in pri-
vate equity, it’s less likely to
tank at the same time as other
financials.”

So why now? Analysts say
a public offering will help
transform the firm into a fix-
ture on Wall Street, and solid-
ifies its financial: value. It also
sets up a line of succession to
guarantee Blackstone’s future.

Realtors’ 6%

cut dips,

but big

prices lift pay

*REAL ESTATE

average commission side slid
to 2.48 percent in 2006 from
2.63 percent in 2002.

Realogy franchisee Doug-
las Rill, owner of Century 21
America’s Choice in West
Palm Beach, bristled at the
suggestion that homes can be
sold for less than full commis-
sion in today’s slow housing
market. A seller who offers a
buyer’s agent less than 3 per-
cent only discourages agents
from bringing buyers to see
the home, Rill said. He said
commissions have been rising
in the past year as sellers
come to terms with the slow
market, and he argued that
the higher rates have yet to
show up in the numbers.

SEC FILING

Yet Realogy’s ever-dwin-
dling commissions are right
there in black and white on
page 54 of the annual report it
filed with the Securities and
Exchange Commission. But
the company isn’t offering an
explanation beyond the filing.

“It’s not our policy to com-
ment on commissions,” said

Matt Gentile, spokesman for
Coldwell Banker Residential
Real Estate. A Realogy
spokeswoman echoed the pol-
icy.

CUTTING FEES

Steve Murray, publisher of
the Denver-based newsletter
REAL Trends, long has chron-
icled the decline in commis-
sions and said Realogy’s num-
bers didn’t surprise him. With
home values rising, consum-
ers have pushed for lower
commissions. And with the
real estate boom luring more
agents into the industry, many
are forced to cut their fees.

“Agents are competing
more fiercely,” Murray said.
Realogy’s annual report offers
a fleeting glimpse into the
economics of the nation’s big-
gest broker. Last year, the
company was part of Cendant
, a conglomerate that didn’t
include detailed commission
numbers in its SEC filings.

But the first glimpse also
could be the last. Realogy’s
pending sale to a private

equity firm means the com- |

pany won’t be obliged to
report to the SEC next year.



DAVID SPENCER/THE PALM BEACH POST °



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THE TRIBUNE

BUSINESS

MONDAY, MARCH 26, 2007, PAGE 5B



Protracted privatisation
‘entrenches BTC dinosaur’

@ By NEIL HARTNELL
Tribune Business Editor

Le bidder seeking to
acquire a strategic
- stake in the Bahamas
Telecommunications Compa-
ny (BTC) through its privati-
sation is “waiting to hear back
from the Cabinet” on whether
the Government has agreed to
a deal in principle, the minister
of state for finance telling The
Tribune that the protracted
divestment process has allowed
a “dinosaur to entrench itself’.

James Smith said “all the
heavy lifting is over” in regard
to negotiations between the
Government-appointed tech-
nical team and Bluewater
Communications Holdings,
with “the core and major areas
for consideration having been
worked out between the two
teams”.

The Government-appointed
committee had now submitted
its recommendations, which
were now being reviewed by
the administration, prior to the
Cabinet deciding whether its
terms for the sale of BTC had
been achieved.

Mr Smith told The Tribune
that two stages were left, with
the start of the latter hinging
on the first’s completion. He
explained: “One would be for
us to say we accept the recom-
mendations, and within a short
period of time agree in princi-
ple that we have a meeting of
minds on the sale....... The
major part of the process is
almost the agreement that in
principle we have found a
strategic partner, and we’re
prepared against these condi-
tions to sell at this price.”

This, though, would just by
the prelude to a further round
of intensive negotiations at

which the details and fine.





@ JAMES SMITH

points would be worked out
between the Government and

Bluewater.

Mr Smith said that as exam-
ples, these details would
include amendments to BTC’s
Memorandum and Articles of
Association, a shareholders’
agreement between the Goy-
ernment and Bluewater, and
the composition of the new
BTC Board.

The protracted BTC privati-
zation process, which has
spanned almost a decade, cost
the taxpayer close to $200 mil-
lion, and seen the rejection of
three bidders in a failed
attempt to bring it to a close in
2003, was supposed to be “the
first stage” in liberalizing the
Bahamian telecommunications
market.

However, the Government
has been forced to pursue pri-
vatisation and liberalisation at
the same time, and the two

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strategies have often been in
conflict, given the frequent
attempts to, restrict the com-
petition provided by the likes
of IndiGo Networks and Cable
Bahamas to preserve BTC’s
market share and value to any
bidder.

Mr Smith conceded that “a
world class, efficient telecom-
munications sector” was
required for both the tourism
and financial services industry,
enabling the former to offer

, bookings and clearings and set-

tlement functions.

The protracted privatisation,
preservation of BTC’s cellular
monopoly and restrictions on
legal competition have all
impacted the provision of effi-

cient services and technologies,
consumer choice and reduced
prices.

“It presents itself as some-
thing of a challenge, because
by not doing it [privatisation],
the effect is to render BTC a
monopoly,” Mr Smith said.
“All the time spent looking at
other [privatisation] players
has basically allowed this exist-
ing dinosaur to entrench
itself.”

Mr Smith pointed out that
the Telecommunications Sec-
tor Policy drafted by the pre-
vious FNM government
allowed, from the date privati-
zation was completed, for BTC
to retain its cellular monopoly
for 12 months and fixed-line

for two years.

The dates and objectives
would have long passed, Mr
Smith said, adding that “tech-
nically speaking the telecom-
munications sector should have
been liberalized by now” and it
would be interesting to assess
the cost impact to the remain-
der of the Bahamian econo-
my.

Most observers believe that
with a general election immi-
nent, the Government is
unlikely to make a decision on
the Bluewater offer and
whether to privatise BTC given
the concern and uncertainty it
will arouse in the company’s
1200 employees and the votes
of their family: ;

FIRSTCARIBBEAN

INTERNATIONAL BANK

CAREER OPPORTUNITY

fora

Treasurer — Bahamas and Cayman
Operating Companies
Treasury Sales & Trading (TST)

Key Activities and Deliverables:

e 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

‘e 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 to strengthen 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

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 29, 2007 to: deangelia.deleveaux@ FirstCaribbeanBank.com

FirstCaribbean International Bank (Bahamas) Limited thanks
allapplicants for their interest, however only those under consideration

will be contacted.





PAGE 6B, MONDAY, MARCH 26, 2007

THE TRIBUNE



BUSINESS

Bahamas most reliant on



Stamp Tax in the region

percentage of total Bahamian
tax revenues that is more than
double that for any other
CARICOM member, a study

l@ By NEIL HARTNELL
Tribune Business Editor

STAMP Tax accounts for a

Job Opportunity

Software Trainer



Are you an energetic Motivator,
an Excellent communicator with a passion
to work with a professional ‘Team?

If we've piqued your interest, Let’s Talk!

Skills required:
¢ A Bachelor’s Degree in Finance

¢ Minimum of five (5) years experience in
finance company management

¢ Minimum of five (5) years experience in the
consumer purchase lending industry

¢ Minimum of three (3) years experience in
the use and training of EnCompass and the
ability to train a team of at least 10 people.

° Proficient in IBM DB2 file query utilities
e Working knowledge of Microsoft Office

FURNI





Furniture * Appliances @ Electronics

Please submit your application by Mail to:
Director of Human Resources, The Plus Group
P.O. Box N713, Nassau, Bahamas

or eMail: jobs@theplusgrp.com



We thank all applicants, however only those

FP5a5





a
wt f



ay Selected, for, an interview, will be.contacted...,...|....

conducted for the CARICOM
Secretariat has revealed, this
“exceptionally high reliance”
indicating it is looked upon by
the Government as a ‘stealth
tax’.

An August 2006 study exam-
ining the fiscal impact on the
Bahamas from trade liberal-
ization recorded that for the
period 1990-2003, Stamp
Duties accounted for 19 per
cent of total per annum tax
revenues in the Bahamas — a
sum equivalent to 3.1 per cent
of gross domestic product
(GDP).

DELTEC BANK & TRUST LIMITED

Invites applications for the position of

TRUST MANAGER

Responsibilities will include (but are not limited to):

©

clients
Marketing trust products

>,
%e

>,
~e

** Creating fiduciary structures that will service the needs of

Ensuring that all fiduciary structures are administered at a

high professional standard and in accordance with Policies
& Procedures of Deltec and the laws of The Bahamas
“* Maintaining current knowledge of all issues (law and tax)

affecting fiduciary structures

“* Supervising the Company Department

The successful candidate should have the following:

> STEP Diploma
> 10 years trust experience

(minimum 5 years in a supervisory capacity)
> Excellent written, oral and presentation skills

Salary will be commensurate with experience.

Interested persons may submit resumes as follows:

Human Resources Manager
Deltec Bank & Trust Limited

P. O. Box N.3229
Nassau, Bahamas

Resumes may also be faxed c/o 362-4623 or emailed to

anh@deltecbank.com

ABSOLUTELY NO TELEPHONE
CALLS WILL BE ACCEPTED

ahamas Source For Hor



Study suggests Stamp Duty is ‘stealth tax’

Yet out of the rest of CARI-
COM, the next most reliant
nation on Stamp Duties, when
measured as a percentage of
total tax revenues, is Anguilla
at 8.8 per cent, followed by
Belize at 8.6 per cent.

The authors, Eric Hutton,
Don Augustin and Lindsay
Hodder, pointed out that
despite this high reliance on
Stamp Duties as a revenue-
raising mechanism, the

Bahamas had the second-low-
est level of revenue collections
in CARICOM as a percentage
of GDP.

Between 1990-2003, total tax
revenue per annum collected
by the Bahamas averaged 16.1
per cent of GDP, only the
Dominican Republic having a
lower threshold at 13.9 per
cent.

Given the narrow Bahami-
an tax base, with the absence



of income taxes, consumption
taxes and excise taxes, the
study concluded that the Gov-
ernment and public had
“adopted a very staunch anti-
tax stance”. ,

This had been backed by the
reliance in import duties and
tariffs, whose long-term exis-
tence is threatened by trade
liberalization and rules-based
systems of trading, and keeping
revenue collections relatively
low.

Yet the CARICOM study
said the Bahamas had “an

- exceptionally high reliance” on

Stamp Duties compared to the
rest of CARICOM, arguing
that they may be a form of
‘stealth taxation’ “where taxes
are in fact being levied, but
under the name of.a ‘stamp
duty’.”

“Traditionally, to fit the def-

inition of being a Stamp Duty -

the charge being levied should
somewhat reflect the cost of
the service being provided,”
the study said. “For example, a
stamp duty charged by a land
registry on the transfer of
property should reflect rough-
ly the cost of assisting in the
transfer of the property, such
as performance of the title
search, adjustment to land
records etc.

“Tf a so-called stamp duty
were to be significantly in
excess of the cost of the ser-
vices being provided, the
amount in excess is taxa-
tion........... Given the anti-tax
environment within which the

’ Government operates, it is eas-

ily imagined that the Govern-
ment might have been forced
to adopt stealth tax policies in

. order to.address revenue

needs.”

FINANCIAL INTELLIGENCE |
UNIT (THE “FIU”’) |

PUBLIC

TI

E

Pursuant to Section 15(2) of The Financial Intelligence Unit

Act, 2000,
Suspicious
Prevention

Transactions

Guidelines

the public is hereby notified that, the revised
Relating to the
of Money Laundering and the Financing of

Terrorism (The ‘‘2007 Guidelines’’) for financial institutions
within The Commonwealth of the Bahamas have been issued
and are effective as of 19th March 2007.

The 2007 Guidelines replace those Guidelines issued in

December 2001.

Copies of the 2007 Guidelines can be obtained between the |
hours of 9%a.m. to 5p.m. Monday through Friday, from the
Administrative Offices, The Financial Intelligence Unit, 3rd
Floor, Norfolk House, Frederick Street, Nassau, The Bahamas.

Anthony M. Johnson

Director

Financial Intelligence Unit
P.O. Box SB 50086
Nassau, The Bahamas



“Se

ve

eve”

Dae

fry

Sat BS Ee TM ORE A at OF ek ES ee cD

ae seed

A a a al A OL

ee ne ca a

i a or a a



THE TRIBUNE

MONDAY, MARCH 26, 2007, PAGE 7B



Grand Bahama tour
operator signs deal

rand Bahama Vacations has

(ji an agreement with Extra-
ordinary Vacations Group that

will see the latter handle travel agents'
and consumers' bookings to Grand
Bahama Hotels, in a bid to drive revenues.
The contract includes call centre ser-
vices, and a new website for travel agent
bookings supported by Extraordinary

Vacations Group online booking engine.
The web site address is www.grandba-
hamavacations-agents.com.

The partnership will also allow Grand
Bahama Vacations to take advantage of
the many marketing and distribution ser-
vices offered through Extraordinary Vaca-
tions Group’s numerous brands - Cruise-
shoppes, Trip Professionals, Maupintour

and Attache Concierge Services - and will
also provide Grand Bahama Vacations
with access to Extraordinary Vacations
Group call centers.

* The Pelican Bay Resort is planning to
build a conference centre, with a new
restaurant and bar set to open this week,
as the Grand Bahama-based resort also
eyes a re-branding.





Ji

With origins in The Bahamas since 1978 and in the Cayman Islands and
the Turks and Caicos Islands since 1980, Fidelity is a financial services
group offering a comprehensive range of insurance services, domestic
and international banking, estate planning, pension services and corporate
finance as well as other financial products and services. Fidelity is now
inviting applications for a:

Reporting directly to the President, the successful candidate will have the
following minimum requirements:-









Director Corporate Banking




Bachelor Degree in Business, Banking or Finance

An MBA qualification would be an asset

5 years experience in intemational credit markets

10 years commercial credit experience at a managerial level
Comprehensive understanding of structured financing solutions
Strong financial and business analysis skills

Exceptional written and oral communication skills.

Proven record of delivery of presentations



HILTON, from 1B

rion.

However, he said: “Right
now, it’s in limbo because Adu-
rion and the pension fund who
own the property, and have a
joint venture deal with IGY,
decided they wanted to change
the deal.”....

“The Government had
approved everything, and our
deal with the pension fund was
fine. Everything was in great
shape, but then three weeks lat-
er the pension fund decided to
take on a new partner, and the
partner decided to change the
terms of the deal.”

When asked how much time
IGY was prepared to allow for
a deal to be worked out, Mr
Farkas replied: “Not much
longer. We’ve been at this for
several years, and have got a
lot of money invested.

“We're very committed to the
Bahamas and have been for a
long time. We are participating
in a whole bunch of different
things going on down there. If
the worst comes to the worst,
and we end up in conflict with
Adurion, we might have to look
elsewhere.”

An economic impact study
predicted that the IGY project
would generate “very substan-
tial employment”, creating 700
direct full-time jobs and anoth-
er 400 indirect permanent jobs
for Bahamians. The indirect
jobs will be created at suppli-
ers of goods and services to the
development, and through ser-



vices provided to yachts.

The study also forecast that
the IGY development would
create 200-250 full-time jobs
during construction, and have
a total economic impact of
$222.8 million over a 20-year
period.

The CCWIPP spokesman,
though, told The Tribune that
Dr Jurg Gassman, Adurion
Investment Management’s in-
house attorney and non-execu-
tive director, had over the
weekend been drafting a new
agreement for the marina pro-
ject.

He said: “From the IGY
standpoint, they wanted to have
a better control of the water-
front and the British Colonial
has an additional acre of land
on the waterfront, just to the
edge of the grille area.

“They wanted that parcel of
land put into the deal with
them, and we agree on it. Adu-
rion wanted some clarification
on their plans and scheduling
of phases, because the Prime
Minister wanted it to be done
quicker, which they [IGY] were
reluctant to give. They’ve now
given them to us.”

The CCWIPP spokesman
said Adurion wanted to keep
the planned British Colonial
Hilton refurbishment “on line
with and on schedule with” the
IGY project.

He added: “Adurion’s lawyer
is preparing a new term sheet
and we’re very optimistic. Dr

Conservation Administrator

Requirements/Skills:





Gassman was going to have it
done over the weekend, and
we’d like to go forward with it
at a very accelerated pace.”

IGY’s proposed marina on
West Bay Street would have 72
slips, catering chiefly to the larg-
er yachts and vessels, those of
between 100-150 feet to 200 feet
and longer.

The development will feature
a boutique hotel of about 150-
200 rooms, several restaurants,
retail and a parking structure
for over 300 cars.

The project would also be a
key component to the Govern-
ment’s project to revitalize
downtown Bay Street and

waterfront Nassau. IGY spe- .

cialises in reintegrating water-
fronts back into their commu-
nities and tourist industries, hav-
ing done this with its newly-
opened flagship development,
the $150 million Yacht-Haven
Grande.on St Thomas in the
US Virgin Islands. Its target
market are five-star marina
developments on a global scale.

The West Bay Street marina
is the first one that IGY will be
developing, owning and build-
ing from scratch in the
Bahamas, and is also involved in
a potential deal withy Kerzner
International to redevelop Hur-
ricane Hole marina on Paradise
Island.

IGY and its subsidiary,
Applied Technology and Man-
agement, have provided design,

development, operational, |

Conservation Administrator
Exuma Cays Land and Sea Park

The Bahamas National Trust is seeking a qualified conservation
administrator for posting at the Exuma Cays Land and Sea
Park. Will be required to live full time at park headquarters on
Warderick Wells. Position requires own transportation to travel
to and from the Exuma Cays Land and Sea Park. Position
requires long periods at the park headquarters, at a remote
location in the Exuma Cays chain of islands.

The Conservation Administrator (CA) must be an experienced
yachtsperson, able to identify with and help meet the needs of
the yachting community which heavily use the Exuma Park.
The CA must also possess general office management skills,
including bookkeeping and inventory management. The CA
must be prepared to live in the park in isolated conditions for
long periods of time. This posting requires a devotion to nature
and an appreciation for living secluded existences for extended
periods of time.

¢ Computer literate (Word Processing, Quick Books,
Internet technology and communications)

e Familiarity with yachting/boating operations

e Familiarity with scheduling and monitoring visitor
bookings
¢ Familiarity with VHF radio operation and protocols
¢ Familiarity with conservation issues in general

¢ Pleasant personality
¢ Willing to work under demanding conditions.

Position offers vacation time, medical insurance and an
opportunity to meet and work with interesting volunteers and
cruisers. Housing is provided for the successful applicant only
- no accommodations are available for family members.

Applications must include cover letter, resume and three
references. Applications should be mailed to: Human Resource
Manager, The Bahamas National Trust, P.O. Box N-4105,

Nassau, Bahamas or bnt@bahamasnationaltrust.org by April
10, 2007. |

The successful applicant will primarily be responsible for the develop-
ment of Fidelity’s corporate finance business in The Bahamas and across
the Caribbean and will be expected to travel on a frequent basis.





An attractive compensation package, including a comprehensive range of
employee benefits is offered. ©



financing and engineering assis-
tance to the Atlantis marina on
Paradise Island, the Bimini Bay
Resort and Casino; Emerald
Bay and Crab Cay in the Exu-
mas; Old Bahama Bay;
Freeport Harbour; Great Gua-
na Cay; Hatchet Bay Marinas
in Eleuthera; Whale Cay in the
Berry Islands; the Windermere
Club in Eleuthera; and Disney’s
Gorda Cay.

Director Corporate Banking










Director Cor porate Banking

Director of Human Resources
P.O. Box N-4853
Nassau, Bahamas

Tel (242) 356 7764

Fax (242) 326 3000

Email careers@fidelitybahamas com








MINISTRY OF UTILITIES & ENVIRONMENT

BEST COMMISSION CONSULTANT FIRM VACANCIES.

The Government of the Commonwealth of The Bahamas (GOBH) has received
financing from the Inter-American Develépment Bank (IDB) toward the cost of the
preparation of a Master Plan for Integrated Coastal Zone Management (ICZM) in
The Bahamas. Therefore, the Ministry of Energy and Environment is seeking the
services of an environmental Consulting Firm to assist in the establishment of the
‘national coordination and planning process for the preparation of an Integrated
Coastal Zone Management Master Plan for Bahamas.

The project has two components geared to achieving this objective.

1) the creation and initial operation of the ICZM Planning Unit within the
Ministry of Energy and Environment (MOEE) to build the capacity to guide
the process of development of the ICZM Master Plan, and

Il) The hiring of a consulting firm or association of firms to develop the ICZM"
Master Plan. This second component is the subject of this notice.

The consulting firm will be responsible for carrying out the following three sub-
components:

(i) Initiatives to enable a meaningful and effective planning process viz.

(a) Essential support to the project Steering Committee;

(b) The development of a Communication Plan;

(c) The formal training of the staff assigned to the ICZM Planning Unit;

(d) Public consultations; (e) three technical workshops; and (f) the
implementation of a pilot project.

A participatory process for developing a national-level Master Plan
through the following key steps:

(a) Assess the governance framework;

(b) Characterize resources and map coastal areas;

(c) Identify major issues and challenges and evaluate alternate
scenarios; -

(d) Define scope of Master Plan;

(e) Develop policies and standards;

(f) Define applicable tools and techniques; and

(g) Conclude Master Plan Development phase.

(iii) | A case study implementation to provide hands-on training in ICZM
techniques. .

The consultant will be based in Nassau, Bahamas.. However, throughout the
undertaking of the assignment, the consulting team will be holding consultations
with relevant stakeholders in the Family Islands. The total duration of the
implementation period of the consultancy is twenty-four (24) months.

The Ministry of Energy and Environment (MOEE) now invites eligible consultants
from any member country of the IDB to submit their expression of interest which
must provide information establishing that they are qualified to perform the
described services. '
Consultants should emphasize their:

(i) General consulting experience;

(it) Experience in ICZM;

(iii) | Working experience in Caribbean countries similar to The
Bahamas; and

(iv) Availability of appropriate skills among staff.

Four (4) printed versions and the electronic file of the expression of interest
should be sent to The BEST Commission Office no later than April 27â„¢ 2007 at
3:00pm
BEST Commission,
Ministry of Energy & Environment
P.O.Box N 4849
Nassau Court, West Bay Street
Nassau Bahamas
Tel: 322-4546 or 322-2576
Fax: 325-3509



The expressions of interest will be evaluated based on the qualifications and
relevant experiences of the firm and the results will be used to prepare a shortlist
of no more than six consulting firms. The firms included in the shortlist will
subsequently be invited to present technical and economical proposals on the
basis of a request for proposals (RFP) mailed to them, which would include the
detailed terms of reference.





PAGE 8B, MONDAY, MARCH 26, 2007

ie



CENTRE FOR CONTINUING EDUCATION AND
EXTENSION SERVICES (CEES)

ACADEMIC UPGRADING DEPARTMENT

Part-time Instructor in College Prep Geography (New Providence Campus) Candidates must be able to
each Geography at the College Preparatory, evel. Candidates must have at least an earned



Bachelor's Degree in the subject area, a Teaching Certificate and five years of teaching experience at the

level of BGCSE in the subject area.

| Part-time Instructor in College Prep Mathematics ew Providence Campus) Candidates must be able
‘o teach Mathematics at the College Preparatory, evel. Candidates must have at least an earned :

Bachelor’s Degree in the subject area, a Teaching Certificate and five years of teaching experience at the :

level of BGCSE in the subject area.

Part-time Instructor in College Prep Biology (New Providence Campus) Candidates must be able to teach :
iology at the College Preparatory, evel. Candidates must have at least an earned Bachelor’s i

# Degree in the subject area, a Teaching Certificate and five years of teaching experience at the level of
BGCSE in the subject area.

Part-time Instructor in College Prep Chemisty Nee Providence Campus) Candidates must be able to
eac emistry at the College Preparatory evel. Candidates must have at least an earned

Bachelor’s Degree in the subject area, a Teaching Certificate and five years of teaching experience at the

level of BGCSE in the subject area.

Part-time Instructor in College Prep Agriculture nee Providence Campus) Candidates must be able to
each Agriculture at the College Preparatory, evel. Candidates must have at least an earned

Bachelor's Degree in the subject area, a Teaching Certificate and five years of teaching experience at the

level of BGCSE in the subject area.
Part-time Instructor in College Fee History/Socit Studies (New Providence Campus) Candidates must
e able to teach History/Social Studies at the College Preparatory evel. Candidates must have

experience at the level of BGCSE in the subject area.

Degree in the subject area, a Teaching Certificate and five years of teaching experience at the level of
BGCSE in the subject area.

Part-time Instructor in College Prep English Language (New Providence Campus) Candidates must be:
able to teach English at the College Preparatory, evel. Candidates must have at least an earned }

Bachelor's Degree in the subject area, a Teaching Certificate and five years of teaching experience at the :

level of BGCSE in the subject area.

To ensure consideration, application materials must be received by April 30, 2007. A complete :
application packet consists of an application Letter, a College of The Bahamas’ Application Form :
a detailed curriculum vitae, copies of transcripts (original transcripts required upon employment) :
and the names and contact information of three references addressed to: :

The Director
Human Resources
The College of The Bahamas
Oakes Field Campus
Thompson Boulevard & Poinciana Drive
P.O. Box N-4912
Nassau, Bahamas

PERSONAL DEVELOPMENT DEPARTMENT

Part-time Instructor in Accounting for Beginners y IL & Ill (New Providence Campus}
andidates must be able to teach Accounting at the introductory to advanced level. Candidates must

have at least an earned Master’s degree or equivalent (e.g. CPA CA) in the subject. A teaching certificate

is desirable.

Part-time Instructor in Introduction to Business | & Il (New Providence Campus) Je i
andidate must be able to teach Introduction to Business at the introductory to advanced level. Candidates :

must have at least an earned Master’s degree or equivalent in the subject. A teaching certificate is
desirable.

Part-time Instructor in Business Ftiquette (New Providence Campus)

andidates must be able to teach Business Etiquette at the introductory to advanced level. Candidates
must have at least an earned Bachelor’s degree or equivalent in the subject. A teaching certificate is
desirable.

Part-time Instructor in Human Resource Management, Il (New Providence Campus)
andidates must be able to teach Human Resource Management at the introductory to advanced level.

Candidates must have at least an earned Master’s degree or equivalent in the subject. A teaching certificate

is desirable.

Part-time Instructor in Computer Applications |, ll (New Providence Campus)

andidates must be able to teach computer courses at the introductory to advanced level. Candidates
must have at least an earned Bachelor’s degree or equivalent in the subject. A teaching certificate is
desirable.

Part-time Instructor in Credit & Collections Procedures and Control | & Il (New Providence Campus
andidates must be able to teach Credit & Collections Procedures and Conitral at the introductory to
advanced level. Candidates must have at least an earned Master’s degree or equivalent in the subject.

A teaching certificate is desirable.

Part-time Instructor in Superior Customer Service Workshop (New Providence Campus) :
andidates must be able fo teach Superior Customer Service /Course Workshop. Candidates must have i

at least an earned Bachelor’s degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in Information Technology | & II (New Providence campus) Candidates must be able
to teach Information Technology at the introductory to advanced level. Candidates must have at least :

an earned Bachelor’s degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in QuickBooks (New Providence Campus) Candidates must be able to teach QuickBooks
at the introductory level. Candidates must have at least an earned Bachelor's degree or equivalent in the :

subject. A teaching certificate is desirable.

Part-time Instructor in PC Upgrade and Repair (New Providence Campus) Candidates must be able to
eac| pgrade and Repair at the introductory to advanced level. Candidates must have at least an

earned Bachelor’s degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in Effective PowerPoint W/S (New Providence campus) Candidates must be able to
teach Microsoft PowerPoint at the introductory to advanced level. Candidates must have at least an :

earned Bachelor’s degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in Web Page Design Workshop (New Providence Campus) Candidate must be able
0 teach Web Page Design at the introductory to advanced level. Candidates must have at least an earned i

Bachelor’s degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in Interior Decorating | & ll (New Providence Campus) Candidates must be able to i
each Interior Decorating at the introductory to advanced level. Candidates must have at least an earned :

Bachelor’s degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in Floral Design | I & ll ew Providence Campus) Candidates must be able to teach
oral Design at the introductory to advanced level. Candidates must have at least a minimum of five years :

working experience in the area.

Part-time Instructor in Effective Writing Skills (New Providence Campus) Candidates must be able to teach i
ective Writing at the introductory to advanced level. Candidates must have at least an earned Bachelor's :

degree or equivalent in the subject or related area. A teaching certificate is desirable.

Part-time Instructor in Basic of Freehand Cutting | & Il (New Providence Gampus) Candidates must: be
able to teach Basic of Freehand Cutting at the introductory to advanced level. Candidates must have at

least five years working experience in the area.

Part-time Instructor in Drapery Making | & Il (New Providence campus) Candidates must be able to teach
rapery Making at the introductory level to advanced level. Candidates must have at leasta minimum

of five years working experience in the area.

Part-time Instructor in Bath and Kitchen Accessories (New Providence Campus
andidates must be able to teach Bath and Kitchen Accessories at the introductory level to advanced
level. Candidates must have at least a minimum of five years working experience in the area.

Part-time Instructor in Basic Car Maintenance (New Providence Campus)
andidates must be able to teach Basic Car Maintenance at the introductory to advanced level. Candidates :

must have at least an earned Bachelor’s degree or equivalent in the subject.
To ensure consideration, application materials must be received by April 30, 2007. A complete

# application packet consists of an Application Letter, a College of The Bahamas’ Application Form

a detailed curriculum vitae, copies of transcripts (original transcripts required upon employment)
and the names and contact information of three references addressed to:

The Director
Human Resources
The College of The Bahamas
Oakes Field Campus
Thompson Boulevard & Poinciana Drive
P. O. Box N-4912
Nassau, Bahamas

THE COLLEGE OF THE BAHAMs

Visit our website at www.cob.edu.bs

THE TRIBUNE BUSINESS

EDUCATING & TRAINING BAHAMIANS

PROFESSIONAL DEVELOPMENT DEPARTMENT
‘New Providence, Bahamas,



Lean Mastery

Human Resource Management
Business Administration
Administrative Skills
Supervisory Skills

Public Accounting

Project Management
Professional Management
Executive Leadership Skills
Writing & Research Skills

The Legal Environment

General Legal Principles
Employment Law

Company Law

Banking & Trust Law

Real Estate Law

Real Estate Management
Insurance Management & Sales
Insurance Law

E-business Practice & Management
Hotel Front Office Management
Accounting For Non-Financial Managers

All candidates must have earned Masters’ Degrees from a recognized accredited institution in the
: relevant area or its equivalent.

at least an earned Bachelor’s Degree in the subject area, a Teaching Certificate and five years of teaching ;
To ensure consideration, application materials must be received by April 30, 2007. A complete
Part-time Instructor in College Prep Civics (New Providence Campus) Candidates must be able to teach :

ivics at the College Preparatory evel. Candidates must have at least an earned Bachelor’s ;

: and the names and contact information of three references addressed to:

application packet consists of an Application Letter, a College of The Bahamas’ Application Form
a detailed curriculum vitae, copies of transcripts (original transcripts required upon employment)

The Director
Human Resources
The College of The Bahamas
Oakes Field Campus
Thompson Boulevard & Poinciana Drive
P. O. Box N-4912
Nassau, Bahamas

PRESIDENT’S SCHOLARS
PROGRAMME,



The College of The Bahamas is now accepting applications for its prestigious
and valuable President’s Scholars Programme (PSP), a scholarship and leadership
programme for high-achieving, highly-motivated, service-oriented students
who Will be pursuing a FIRST-TIME bachelor degree at COB, beginning
in Fall 2007.

24

Applications are welcome from all High School Seniors who possess:
° Cumulative GPA of 3.5

° SAT scores of 1200 on the two-part (math and critical reading) 1800
three-part (math, reading and writing) OR

° Seven (7) BGCSE’s (minimum of 5 A’s in core subjects)
° Proven leadership skills

Benefits
° Scholarship Award of $24,000.00 ($6,000.00 per year for 4 years)

° Comprehensive Leadership Training with opportunities for international
travel.

Applications and brochures can be downloaded from

Hand deliver applications to The College of The Bahamas, Office of Student
Leadership, Room A 85, Administration Block, Oakes Field Campus, Nassau,
The Bahamas OR mail to P. O. Box N-4912, Nassau, Bahamas.

Deadline Friday, March 31, 2007
For further information, telephone the Director at (242) 302-4559

THE INTERNATIONAL LANGUAGES AND

CULTURES INSTITUTE
THE COLLEGE OF THE BAHAMAS

ANNOUNCES THE FOLLOWING COURSE:
BEGINNING MARCH 27, 2007

CONVERSATIONAL MANDARIN CHINESE, Beginners’ Level

Tuesdays/Thursdays 7:00 — 8:30

: LOCATION: }
The Munnings Building, next to KFC, by the COB roundabout

PRICE: $250 per course

FOR MORE INFORMATION,
CALL: 302-4584 or 302-4587











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THE TRIBUNE BUSINESS








THE COLLEGE OF THE BAHAMAS
STAFF VACANCY

Library and Media Services






















Librarian — Technical Services



The position falls in the area of Technical Services. The incumbent should be dynamic,
innovative individual with a strong commitment to service within a diverse community.
The Librarian will demonstrate successful administrative experience in a library, sound
understanding of emerging technologies and the ability to use them within the library
setting and commitment to developing a strong integrated library service within the
academic environment.




The duties of the Librarian will include management of the Unit, leadership in short and
long range planning to enhance and expand library services, development and promotion
of library resources and services, personnel supervision, initiation and management of
appropriate emerging technologies, and liaison with relevant internal and external groups.

The Librarian should possess a Master’s degree in Library and Information Science from
an accredited institution, and a minimum of two years, post Masters professional library
experience. The incumbent will demonstrate strong communication and interpersonal
skills that engender an excellent customer friendly environment. Evening and weekend
work on rotation, library research, service to the community and library instruction will
also be required.

To ensure consideration, application materials must be received by April 30, 2007.
A complete application packet consists of an application letter, a College of The
Bahamas’ Application Form, a detailed curriculum vitae, copies of all transcripts
(original transcripts required upon employment) and the names and contact
information for three references addressed to:



The Director
Human Resources
The College of The Bahamas
Oakes Field Campus
Thompson Boulevard & Poinciana Drive
P. O. Box N-4912
Nassau, Bahamas



Please visit the College’s website at for more information about the institution
and to access the College’s Employment Application Form.

THE COLLEGE OF THE BAHAMAS
STAFF VACANCY

Human Resources Department

Applications are invited from suitably qualified individuals for the following position
in the Human Resources Department: si) ‘Fi

SENIOR CLERK, HUMAN RESOURCES

Applicants must possess the ability to keep up with a quick paced office environment,
track the schedules of staff and their responsibilities, exhibit good public relations,
customer service and marketing skills. The Human Resources Clerk must be able to
work in a dynamic team environment as well as be proficient with Windows Operating

System and Microsoft Office Word, Excel, and Publisher. This person must be able to
use office equipment inclusive of computers, scanners, printers, fax machines, calculators,
etc.

The successful applicant must hold an Associate Degree and at least three to five years
post qualification work experience.

SALARY SCALE
$18,100 x $500 TO $27,100

Interested candidates should submit an up-to-date resume with supporting documents
through their Head of Department by Friday, April 6, 2007 to:

The Director

Human Resources Department
The College of The Bahamas

THE UNIVERSITY OF THE WEST INDIES
(UWD
LL.B. PROGRAMME (FULL-TIME)
AT THE COLLEGE OF THE BAHAMAS

ENTRY REQUIREMENTS

The normal entry requirements for the UWI LL.B. DEGREE are based on the following
basic UWI Matriculation standards:



(a) Five subjects, at least two of which must be at Advanced (A) Level and the remainder
at CXC (Caribbean Examinations Council) general or BGCSE (Bahamas General Certificate
of Secondary Education) or the equivalent; OR

(b) ASSOCIATE OR BACHELOR degree with a CUMULATIVE GPA OF 2.5 OR
HIGHER. Note: Space in the programme is limited and competition is high. Therefore,
above average 'A' Level grades and high averages (AT LEAST 3.0) in undergraduate
degrees are required for an applicant to stand a reasonable chance of gaining admission.

The College of The Bahamas will consider a limited number of applications from persons
who do not satisfy Matriculation standards as identified above but who have equivalent
academic qualifications. In particular, MATURE APPLICANTS OVER 30 WHO
PROVIDE EVIDENCE OF ACADEMIC AND PROFESSIONAL ACHIEVEMENT
CAN BE CONSIDERED. This is an opportunity for persons who have already been
associated with the practice of law in some way to read for a law degree. A resume must
be submitted with the COB and UWI applications.

All applicants are required to sit a Proficiency Exam, at a date to announced, by end
j of June 2007.

j Interested persons must complete a College of The Bahamas and University of the West
Indies Application for Admission Form available from the Office of Admissions, 2nd Floor,
Portia Smith Building, Poinciana Drive, The College of The Bahamas.

Kindly submit by March 30, 2007 completed applications, original certificates (which will

be returned to the applicant), copies of original certificates, transcripts (sent directly from

universities or colleges previously attended) to the Director of Admissions at COB, and

Pop of payment of the $40.00 application fee (paid at the BUSINESS OFFICE AT
SOB). ,

)) THE COLLEGE OF THE BAHA

Visit our website at www.cob.edu.bs

MONDAY, MARCH 26, 2007, PAGE 9B

EDUCATING & TRAINING B/

















THE COLLEGE OF THE BAHAMAS

CENTRE FOR CONTINUING EDUCATION AND EXTENSION SERVICES
PRESENTS

A One Day Workshop
in
Superior Customer Service

This workshop is designed to provide participants with an overview of the
fundamentals of superior customer service. It focuses on customer value,

retention and relationship building and employee motivation.

Topics to be covered:

The Customer Service Environment
Understanding the Customer
Communication and Customer Service
Handling Complaints and the Difficult Customer
Creating Your Customer Service Strategy for Loyal Customers
The Face of the Future

Thursday, 29 March 2007
9:30am — 4:00pm
TBA

$170.00 Full payment is required at time of registration.
CASH, CREDIT CARD OR BANK CERTIFIED CHEQUE ACCEPTED

Application Fee:$40.00 (one time payment)

Date:
Time:
Venue:

Tuition:

Certification: A Continuing Education Certificate on successful completion.
Enquiries: Contact the co-ordinator at Tel. (242) 302-5201 / 302-5205 or 302-5202 or
email: nlacroix@cob.edu.bs

All fees included with the exception of the application fee of $40.00 (one time payment)
CEES reserves the right to change Tuition, Fees, Course Content, Course Schedule and Course Materials.

THE COLLEGE OF THE BAHAMAS
STAFF VACANCY

The College of the Bahamas invites applications for the following post:

Assistant, Alumni Relations & Development
DIVISION: Office of the President
UNIT: Alumni Relations and Development

START DATE: May 1, 2007
JOB DESCRIPTION

SUMMARY:

Working out of The Office of the President, in a team under the joint direct supervision of
the Development Officer and Alumni Relations Director, the Alumni Relations & Development
Assistant is responsible for the day-to-day administration of alumni and development
activities. The Alumni Relations & Development Assistant participates in all fundraising
activities including donor and alumni events, database maintenance, information/record
management, alumni and donor research, mailings, and special events. The successful
candidate will be someone with strong organisational skills who is a good communicator
both verbally and in writing and who enjoys team work. This is an excellent opportunity
for someone who is also creative and who will enjoy working with others to build a new
Alumni Relations and Development Department at The College/University of The Bahamas.

DUTIES AND RESPONSIBILITIES:
































e Process donations and prepare acknowledgement letters and other correspondence

e Maintain foundation, corporation, individual donor and alumni record files

e Create fundraising reports and other database reports as needed

e Continually create, update and correct database records

e Conduct preliminary research on prospective corporate foundation and individual
donors

e Coordinate productions and mailing of appeal letters

e Send appropriate documentation to process credits to donors

e Maintain guest lists, gather and prepare registration materials and other duties as
assigned for fund-raising and alumni events :

e Handle all administrative details associated with committee meetings (i.e. prepare
and distribute notices, agendas, minutes, etc.).

e Prepare media materials for distribution. (i.e. copying, filing, mailing, e-mailing)

° Assemble media and donor kits for events and meetings.

e Other duties as assigned

KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:
e Associate's or bachelor's degree
Proficiency in Microsoft Word, Excel and PowerPoint
° Capacity to manage substantial volumes of email correspondence and to organize
meetings using calendaring technology
Database maintenance and data entry experience
Excellent written and verbal communication skills
Ability to present information concisely and effectively, both verbally and in writing
Ability to organize work and to manage competing priorities
Proven accuracy and attention to detail
Proactive work ethic and ability to take initiative towards agreed upon goals
Excellent interpersonal skills
A team player and overall pleasant disposition



While the normal candidate will have administrative experience, consideration will be given
to any entry level candidate who has demonstrated the capacity to excel, who is an excellent
organizer, who has strong communication and interpersonal skills and who demonstrates
an excellent attitude and willingness to learn and work effectively in a team setting.

The following statements are intended to describe the general nature and level of work being
performed. They are not intended to be construed as an exhaustive list of all responsibilities,
duties and skills required of the Alumni Relations & Development Assistant












is commensurate with qualifications and experience.



Compensation




To ensure full consideration, interested candidates should submit a College of The Bahamas
Application Form, a comprehensive resume and a cover letter of interest. To expedite the
appointment procedure, applicants should request that three referees send references under
confidential cover directly to the address listed below on or before April 5, 2007:

Human Resources Department
The College of The Bahamas
Ground Floor, Administration Building
Thompson Blvd and Poinciana Drive
P O Box N 4912
Nassau, Bahamas

Email:hrapply@cob.edu.bs



Please visit our website at www.cob.edu.bs for more information about the College and
to access the College’s Employment Application Form.



PAGE 10B, MONDAY, MARCH 26, 2007

COLLEGE



CENTRE FOR CONTINUING EDUCATION AND EXTENSION SERVICES
PERSONAL DEVELOPMENT - SUIMIMER SEMESTER
| :









Visit our website at www.cob.edu.bs EDUCATING & TRAINING

















































COURSE. |SEC [COURSE 2 ey
[NO. NO. |DESCRIPTION TIME DAY START | DUR
[ACCOUNTING [| :
| ACCA900 01. | ACCA FOR BEGINNERS | 6:00pm-B:00pm | Mon/Wed __7-May | 10 wks

ACCA901 [01 __| ACCA FOR BEGINNERS Il ~ | 6:00pm-B:00pm | Mon/Wed __7-May | 10 wks
ae ACCA FOR BEGINNERS III _[6:00pm-8:00pm | Tues/Thurs__8-May | 10 wks
————————————— ponent i ine ates Dicictoens

BUSINESS |

CUST900 02. | SUPERIOR CUSTOMER SER. W/S__ | 9:30am-4:30pm | Thurs 29-Mar | 1 day $170

CUST900 01 | SUPERIOR CUSTOMER SER. W/S __| 9:30am-4:30pm | Thurs $170
[eusisoo 01._| CREDITAND COLLECTIONS |__| 6:00-9:00PM

BUSI901 01 | CREDIT AND COLLECTIONS Il __ | 6:00-9:00PM

COMPUTERS . |

“COMP901 COMPUTER APPLICATIONS | | 6:00pm-9:30pm | Mon




COMP901





COMPUTER APPLICATIONS |
COMPUTER APPLICATIONS II
QUICKBOOKS

PC UPGRADE & REPAIR
EFFECTIVE POWERPOINT

WEB PAGE DESIGN WORKSHOP

10:00am-

1:30pm
6:00pm-9:30pm | Thurs

6:00pm-9:00pm | Tues
6:00pm-8:00pm | Mon/Wed
_9:30am-4:30pm_ | Thurs

930am-4:30pm_| Thurs
























































































DECORATING .
FLOR800 {Ot | FLORAL DESIGN §:00pm-9:00pm | Thurs __
FLOR801 01 | FLORAL DESIGN II a 6:00pm-9:00pm | Tues
FLOR802 01 | FLORAL DESIGN Ill : 6:00pm-9:00pm | Mon
DEC0800 01 __| INTERIOR DECORATING | -avems.anpn Wed
ENGLISH = _
ENG 900_ 01 _| EFFECTIVE WRITING SKILLS 6:00pm-9:00pm | Tues
HEALTHAND [| | | < ~
FITNESS = oc ruisif. Ate] Ot, hg mle Bh eA ee a
MASGS800 01 _| MASSAGE THERAPY ESSENTIALS | | 6:00pm-9:00pm | Thurs
TP MASSAGE THERAPY ESSENTIALS |
-MASG9O1 —} Ot TH 6:00pm 9:00PM _| Mon
HLTH800 01._| GROUP FITNESS INSTRUCTOR |__| 6:00pm-9:00pm | Wed
MANAGEMENT | _ _ lis dl
HaeMreee 01 __| HUMAN RESOURCE MG ______| 8:00pm-9:30pm | Thurs
MGMT901_ 01 | HUMANRESOURCE MGMT II___| 6.00pm-9:30pm | Mon
SEWING _ ; |
SEW800 | 01__| BASIC FREEHAND CUTTING! __ 6:00pm-9:00pm | Mon
SEW 802_ 01 | BASIC FREEHAND CUTTING II___| 6:00pm-9:00pm | Thurs
6:00pm-9:00pm | Tues









_SEW805 | 01 | DRAPERY MAKING | a a
ENQUIRIES: Contact the Co-ordinator at Tel: (242) 325-5714 (242) 328-0093/328-1936/302-4300 ext

5202 or email: persdev@cob.edu.bs

All fees are included with the exception of the application fee of $40.00 (one time).
CEES reserves the right to change Tuition, Fees, Course Content, Course Schedule and Course materials.

CENTRE FOR CONTINUING EDUCATION AND
EXTENSION SERVICES

Computer Offerings — Summer 2007

COMPUTER APPLICATIONS

This course is for the beginner who knows very little about computers

and does not understand how it works. This course covers the major
computer concepts with extensive hands on practice of various software using:
(1) Microsoft Office - Word Processing (ii) Microsoft Excel — Spreadsheet (iii)
Microsoft Access — Database Management.

Course Description:

*

Pre-requisite: None

Begins: Monday, 7" May 2007 6:00pm - 9:30pm Section 01 (CEES)
Saturday, 5" May 2007 10:00am _ - 1:30pmSection 02 (CEES)

Duration: 9 weeks

Venue: CEES Computer Lab

Tuition: $450.00

COMPUTER APPLICATIONS II

Course Description: This course covers the major advanced concepts with extensive hands on practice
of various software using: (I) Microsoft Office — Word Processing (ii) Microsoft
Excel — Spreadsheet (iii) Microsoft Access — Database Management.

Pre-requisite: Computer Applications I

Begins: Thursday, 10 May 2007
Time: 6:00pm - 9:30pm
Duration: 9 weeks

Venue: CEES Computer Lab
Fees $550.00

EFFECTIVE POWERPOINT PRESENTATIONS

This workshop is designed to provide participants with an overview of the fundamentals of Microsoft
PowerPoint. It focuses on developing effective and dynamic PowerPoint presentations.

Pre-requisite: None

Begins: Thursday, 31° May 2007
Time: 9:30am - 4:30pm
Duration: 1 day

Venue: CEES Computer Lab
Fees: $160.00

~PC UPGRADE AND REPAIR

This course is a hands-on introduction to technology systems for use in information
environments. The course will cover the following topics: Basic Hardware,
Operating Systems, Troubleshooting and Repairs.

Course Description:

Pre-requisite: None

Begins: Monday 7th May 2007

Time: 6:00pm — 8:00pm Monday & Wednesday
Duration: 9 weeks

Venue: BHTC Computer Lab

Fees: $500.00

QUICKBOOKS

This course is designed to train new and existing small business entrepreneurs
(fewer than 20 employees) how to organize and manage their accounting
activities using QuickBooks Pro software. Students will learn how to set-up

, their company files, chart of accounts, budget, customers, vendors and employees.

Course Description:

Pre-requisite: _None

Begins: Tuesday, 8 May 2007
Time: 6:00pm — 9:00pm
Duration: 6 weeks

Venue: CEES Computer Lab
Fees: $330.00

WEBPAGE DESIGN WORKSHOP

This course, which targets persons who would like to create their personal web
pages will cover Web page creation, Web site management, and HTML. Specific
topics will include Formatting, Graphics, Multimedia, Forms and, Tables and
hosting of web pages. ,

Course Description:

Pre-requisite: Participants must be computer literate and have a basic knowledge of word-
processing

Begins: Thursday, 14" & 15" June 2007

Tune: 9:30am — 4:30pm
Duration: 2 days

Venue: CEES Computer Lab
Fees: $550.00

ENQUIRIES: Contact the Co-coordinator at Tel: (242) 302-4300 ext 5201 5202 5205 or email

ees are included with the exception of the application fee of $40.00 (one time). When submitting
application, kindly provide copies of the first four pages of your passport. CEES reserves the right to
change Tuition, Fees, Course Content, Course Schedule and Course

PR

THE TRIBUNE BUSINESS. .
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Abolition of the Trans-Atlantic Slave Trade: Telling the Story
The College of The Bahamas
February 21-23, 2008
Nassau, The Bahamas



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Call for Papers

The College of The Bahamas will host the Conference: “Abolition of The Trans-Atlantic
Slave Trade: Telling the Story, February 21-23, 2008 at the Oakes Field Campus, Nassau.

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Abstracts of approximately 200 words are invited on the following topics:

Language and Oppression

*
55.9 9 RE 86 6 6 O68 PF ASAE SS PES SES RCS E

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° Religion in Slavery: Agent Provocateur or Opiate? oe
e Slavery and Human Sensibility “a
° Power and Enslavement foe
° Kinship across the Diaspora of
° Identity: Culture, Race and Gender “
° Enslavement and Liberation: Pedagogy %
° Liberation: Ideologies, Contexts and Dynamics ig’
° Liberation: Simple Past or Present Continuous? os
meee ee =
Please send abstracts as an attached Word file to Jessica Minnis, Chair of the Conference a
Committee at iti no later than Friday, August 31, 2007. 9 -*
a
Conference Structure ee
oa

The conference will feature 20-minute papers from all disciplines, followed by 10-minute
discussions, presented in concurrent and plenary sessions. Panel and poster proposals
will also be considered. Such proposals should be as complete:as possible.

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Submissions (an electronic copy) should be directed to:
Jessica Minnis

Associate Professor

School of Social Sciences

The College of The Bahamas

Oakes Field Campus

P O Box N4912

Nassau, Bahamas

E-mail: abolitionconf@cob.edu.bs

Deadline for Submission: Monday, December 31, 2007.
Accommodation for Non-Resident Delegates

Information will be forthcoming.

°

Registration

Three Days: $450:00
Day Rate: $150:00
Late Registration Fee: $125.00
Student Rate: $150.00
Student Day Rate: $75.00

PPR SS PRR SSS ELE SESE ST ER Se

SRM,

For information on the availability of student subsidies, please contact:
ViceyPresident Research, Graduate Programmes and International.Relations.
Teln(242) 302 4455

Registration is open and online at http://www.cob.edu.bs/abolitionconf.php.

THE COLLEGE OF THE BAHAMAS
Office of Research, Graduate Programmes & International Relations
In conjunction with the Offices of Academic Affairs and Outreach

Summer Research Workshop Series 2007
30th April- 11th May 2007
Gerace Research Centre, San Salvador

3



208 ee vy a

An Exceptional Opportunity for Building Research and Writing Skills .
Participants Completing Earn Continuing Education Units (CEUs)

i ¥

Summer Research Workshop Series 2007 is designed to build research capacity through the
honing of critical research and writing skills as well as grant writing. In addition, the inclusion
of the module on marine pollutants provides a forum in which College/University faculty can
work in concert with governmental and non-governmental agencies on national issues.

eA

WE 66 OC OSCE D Ew 6 ee its es Tee: Pe Ee ee I EE a aa

Participants will select two of the following three modules: ,

Module I--Essentials of Technical Writing—(36 hours = 3.5 CEUs)

Facilitator: Dr. Padma T. Venkatraman, Coordinator of Graduate Diversity, University of
Rhode Island

This modules in scientific writing has three main goals: (1) to show participants how to write a
technical manuscript (including, but not limited to a scientific research paper, a proposal to a
funding agency, or a thesis or dissertation) and to make informed choices about its content,
structure, and style; (2) to show how to use thé English language to communicate the desired
message clearly, unambiguously, and efficiently; and (3) to show how to use the language to
communicate the message to the widest possible audience.

Module U—Principles of Grant Writing (36 hours = 3.5 CEUs)

Facilitator: Nancy B. Bell, Ph.D., Research Image (a worldwide research infrastructure service),
Marble Falls, TX :

The goal of Principles of Grant Writing is to enhance the faculty-initiated grant application. The
objectives are to: 1), Determine the grant application requirements, review criteria and organization
required by the RFP; 2). Write integrated goals, hypotheses, objects, and outcome measures for
a scholarly project; 3). Match budget requirements and limitations to the project scope; 4). Prepare

ESF MP APR 2

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a

a project summary and project plan draft; 5). Evaluate project design for innovation, importance,
feasibility, and significance; 6). Use tools to streamline and organize the application preparation
process; and 7). Evaluate studies involving human and animal subjects for appropriateness.
Participants will work in groups on interactive assignments to explore academic and scholarly

multidisciplinary strengths for possible future collaborations.

+

Module [1]—Introduction to Marine Pollution (3.5 hours = 3.5 CEUs)

Facilitator: Dr. Rainer Lohmann, Assistant Professor, Graduate School of Oceanography,
University of Rhode Island

This module is an introduction to marine pollution emphasizing geochemical aspects of the
sources, transport, fate and effects of pollutants in the coastal marine environment. The pollutants
include oxygen—demanding waste, petroleum, metals, synthetic organics and radioactive/solid
wastes. Risk assessment and specific case histories will also be used to evaluate the environmental

impact of the pollutants.

EXPLANATION OF CEUs {Continuing Education Units)
ontact Hours per Module =

Group Contact/Session Collaboration = 5 per Module

Preparation/Individual Work = 10 hours per Module

TOTAL per Module = 36 (3.5 CEUs per Module)

Targeted Audience: The College of The Bahamas faculty, staff and representatives of government and non-
government organizations
Estimated number of participants: 10-15 persons per module

Cost:
° $820.00 per internal participant (Includes workshop fees--$300--plus room and board at GRC)

° $1,015.00 per external participant (Includes workshop fees--$300--plus and room and board at GRC)
Participants will be accommodated at GRC on a first come first served basis (all rooms are double occupancy.
Overflow will be referred to Riding Rock at $145 per night, double occupancy.

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ARS CC SREP FASO ae £268 9

For further information and registration, please contact:

Dr Linda Davis, Vice President, Research, Graduate Programmes & International Relations
Tel: (242) 302 4315

E-mail: ladavis @cob.edu.bs

Mr Shan Higgs, Senior Clerk

Tel: Tel: (242) 302 4455

E-mail: shiggs@cob.edu.bs

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THE COLLEGE OF | HE BAHAMAS

TRAINING BAHAMIANS



Visit our website at www.cob.edu.bs




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TAOS





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Master of Science in Early
_ Childhood and Elementary
a Teaching ol







Applications for the two programmes
are now available in
the Graduate Programmes Office |
Michael Hartley Eldon Compiex _
Thompson Blvd :: Room 306



Offered by
The College
of The Bahamas





«

THE DEADLINE |
for submitting applications
to the Graduate Programmes Office is
FRIDAY, MARCH 30, 2007

ay dit
397.2602

swisdom@cob.edu.bs



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For more information

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Master's Degree
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_ Master of Education in _
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_ Applications for the two programmes
are now available in
the Graduate Programmes Office
Michael Hartley Eldon Complex sy
Thompson Blvd :: Room 306



Offered by
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THE DEADLINE
for submitting applications

to the Graduate Programmes Office is
8 11 BY: A MARCH 30, 2007

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BURA aly

-swisdom@cob.edu.bs



in collaboration
with



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For more information

Prospective Applicants ,

THE TRIBUNE

MONDAY, MARCH 26, 2007, PAGE 11B



Bahamas company

inks supply deal with
Canadian company

COMMONWEALTH
Drugs & Medical Supplies
Company has reached an
agreement to supply the nat-
ural health supplements made
by Jamieson Laboratories, a
Canadian manufacturer of
natural health products, and
Ultra Pharm, made by
Caribbean Ltd, in the
Bahamas.

Commonwealth Drugs has
signed a five-year agreement
to market Jamieson products

‘in the Bahamas, including its

quality-leading vitamins and
mineral products. Other spe-
cific terms of the agreement
were not disclosed.

“For the last 85 years,
Jamieson Laboratories has
provided consumers with
innovative products of the
highest quality, purity and
safety and, since 1990, Com-
monwealth Drugs has supplied
its business partners with lead-
ing pharmac*utical and over-
the-counter products from
around the world," explained
Bill Tyler, vice-president,
sales, Jamieson Laboratories.

“Together, Jamieson and
Commonwealth Drugs will
afford Bahamians access to
one of the most trusted and
advanced natural healthcare
brands in the world.

“Jamieson natural vitamins,
minerals, concentrated food
supplements, herbs and botan-
ical medicines are premium
quality products that will com-
plement our existing over-the-
counter offerings very well,"
said Pedro Roberts III, chief
executive, Commonwealth
Drugs and Medical Supplies
Company.

“Our business partners and
their consumers in the
Bahamas are very excited
about the opportunity to use
the high-quality Jamieson
products that everyone in the
Caribbean has been talking
about."

Morgan Stanley deal



‘close to approval’

FROM page 1B

courses, tennis courts and a
marina.
The Tribune reported last

6 UBS

week that Marriott was one of
the resort brands interested in
participating in the Morgan
Stanley development, which if
approved would provide a
major ‘shot in the arm’ for

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 clients 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.

For our team in Nassau we are looking to fill the

following positions:

Client Advisor Assistant-Brazil desk

In this challenging position you will be responsible for:

e Supporting the client advisors team in
administrative and organizational arrangements
as well as client related processes for optimal
service delivery support

Your tasks will include processing client orders,
dealing with client queries and requests,
preparing contact schedules anc client files

before each visit.

With your specialized transactional process
knowledge you act as a troubleshooter

We are searching for an individual with;

Banking & Commerce experience and

qualification

At least 2 years experience in same or similar

function

Proficient knowledge of Office Program
(Windows, Excel, PowerPoint)
Portuguese and Spanish are essential

Written applications by Bahamian nationals only should

be addressed to:

hrbahamas@ubs.com or UBS (Bahamas) Ltd.

Freeport’s economy.

The first stage of the devel-
opment involves Morgan Stan-
ley paying $50 million to acquire
a 50 per cent share of the land
earmarked for the project site
from Devco, the remaining
interest held by Port Group Ltd.

»Rick Hayward, as part of
efforts by himself and his father
to overturn the GBPA receiver-
ship, a by-product of the dis-
pute between themselves and
the late Edward St George’s
estate over Sir Jack’s 75 per
cent ownership claim, had
alleged that the receivership
was discouraging and turning
off potential investors such as
Morgan Stanley.

This is understood to have
caused some concern within the
GBPA and wider Freeport
community, as there is now the
risk that potential investors are
being drawn into the ownership
dispute between the St Georges
and Haywards.

Apart from the Morgan Stan-
ley project, the GBPA, Port
Group Ltd and Devco are also
in talks with UK-quoted prop-
erty developer, the Raven
Group, over a $250 million
resort development on a 1500-
acre site, a development that
would create 700 jobs during
construction and 750 perma.
nent, full-time jobs.

There is also the possibility
of a $200 million cement mill .
and extensive minerals pro
cessing facility, called Freeport
Aggregate and Cement, com-
ing to Grand Bahama, along
with the development of a med
ical school and other educa
tional facilities by DeVry Um
versity.

INSIGHT

For the Ate é

behind the news,

Human Resources
P.O. Box N-7757
Nassau, Bahamas

ye Wet] [a a
on Mondays





















ondo | Store, Gym and Sandy Beach
;-Exclusive Listin
| Quail Roost Ridge - Eastern Distr
s§ Spacious 2 Bedroom : 2/2 Bathrooms
Ar M wie 1,600 Sq. Ft. Central Air Conditioned Space
oe ‘ Furnished with Stainless Steel Appliances

er Tr Craftsman Finished Woodwork Throughout
ee Alarm Monitored System
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Fulty Enclosed Property

Private Well Water System

} Standby Electrical Power Generator
3 Variation of Flowers & Plants to Complete a
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7 So much more to sate...

ist Price: $289,900 (Gross)
| Sold Semi-Furnished
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Direct: 424-9675

Email: gino@kingsrealty.com
KINGS REAL ESTATE LTD.



PAGE 12B, MONDAY, MARCH 26, 2007

ot Ra oReONERET eG!

EU BLIC NOTICE
ENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, THEREZE
AMEICA LIGHTBOURNE of Garden Hills No. 2,
1, The Bahamas intend to change my name to
ae TAMEICA BRATHWAITE. If there are any
e bjectic me to this change of name by Deed Poll, you
such objections to the Chief Passport Officer,

m0. 1 Box SS-742, Nassau, Bahamas no later than thirty
‘ m0 10) days atte the date of publication of this notice.

hee Ne oan ew ree ees




nay wri

= NOTICE
Fa: NOTICE OF DISSOLUTION |.

OF



VERMION COMPANY LIMITED



#4 Notice is hereby given that liquidation of the above
waeCOMPAy comunenced on the 22nd day of March,
ee 117 and that Credit Suisse Trust Limited of
ahiamas financial Centre, Shirley & Charlotte Streets,
assau, The Bahamas has been appointed Liquidator

Credit Suisse Trust Limited
Liquidator









“Dealing with the











for Bush

@ By KEN THOMAS
Associated Press Writer

WASHINGTON (AP) —
President Bush is getting at
look at U.S. automakers’ latest
advances in alternative fuel
vehicles as the companies press
the case that ethanol and
biodiesel blends can help
reduce the nation’s reliance on
foreign oil.

Scheduled

Bush scheduled a White
House meeting Monday with
General Motors Corp. chair-
man and chief executive Rick
Wagoner, Ford Motor Co.
chief executive Alan Mulally
and DaimlerChrysler AG’s
Chrysler Group chief execu-
tive Tom LaSorda.

The focus is on Bush’s sup- .

NOTICE

NOTICE is hereby given that DUNBERRO OPNUNIE MC



=U =e

THE TRIBUNE





port for flexible-fuel vehicles,
which are capable of using
gasoline and ethanol blends,
and his administration’s plan
to cut gas consumption by 20
percent in 10 years.

Leaders

The three auto leaders have
pledged to double their pro-
duction of flexible fuel vehi-
cles to about 2 million a year
by 2010.

Automakers intended to -

stress that they could make
half of their cars and trucks
capable of running on alterna-
tive fuels by 2012 if there is
enough availability and distri-
bution of E85, an ethanol
blend of 85 percent ethanol
and 15 percent gasoline.

“If the production and dis-
tribution of ethanol can match



the volumes that we’ve com-
mitted to building, there’s an
opportunity to significantly
reduce gasoline consumption
within our grasp,” GM
spokesman Greg Martin said.

Industry officials note that
only 1,100 of the nation’s
170,000 fueling stations offer
E85 and have argued that the
distribution system is critical
to getting more vehicles run-
ning on alternatives.

Bush planned to inspect
some flex-fuel vehicles on the
South Lawn following the
meeting: GM’s flex-fuel
Chevrolet Impala running on
E85; Ford’s Edge HySeries, a
concept plug-in hydrogen fuel
cell; and DaimlerChrysler’s
Jeep Grand Cherokee diesel
filled with B5, a biodiesel
blend.

-Toured

The president toured a GM
plant in Kansas City, Kan., and
a Ford plant in Claycomo, Mo.,
last week, promoting the ben-

es Set
nspection

er alternatives. Bush has
sought higher fuel efficiency
standards for cars, but auto
industry officials said they did
not expect to raise their con-
cerns about the proposal.

Wagoner, Mulally and
LaSorda told a House com-
mittee this month that raising
fuel economy standards by 4
percent a year, under a White
House plan, would be expen-
sive and challenging.

Resistant

Automakers have been
resistant to swift fuel economy
increases imposed by. Con-
gress, but have backed higher
standards if they are put in
place following a review by the
Transportation Department.

“The most important thing
is to continue to bring on alter-
native fuels and to continue to
make the vehicles more effi-
cient,” Mulally told reporters
in Washington this month.
“But legislating the number on
just fuel mileage is not going to
get the benefit that we want.”

stress of a medical
emergency is hard.
enough. I facilitate
access to care while
making the task of
“paying for services —
painless ¢ QS Poss ible.”

efits of hybrid vehicles and oth-

NOTICE

NOTICE is hereby given that ANNASTACIA FENELON OF
MARSH HARBOUR, 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 19TH day of MARCH, 2007 to the Minister
responsible for Nationality and Citizenship, P.O.Box N-7147,
Nassau, Bahamas.






















NORTHERN DUNCOMBE OF #43 BURIAL GROUND
CORNER, 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
19TH day of MARCH, 2007 to the Minister responsible for
Nationality and Citizenship, P.O.Box N-7147, Nassau, Bahamas.

2h: wson I ewis, € Coordinator
Credit ane Collectian Dept.



Legal Notice

uxunous Rarbour font pantholise NOTICE
Residence with spectacular views of 2 PEA
Neegau anchits Harbour DE LA RUE HOLDINGS LIMITED

| NOTICE IS HEREBY GIVEN as follows:



















1 Sebenesaye: ete looking for an:
A insurance Services Coordinator © 5,000+ sq ft. total area
e 4 Bedrooms with 4.5 baths
_ @ Master bedroom with dressing area, Jacuzzi
and large walk-in closet
* Large balconies
* Elegantly furnished throughout with a
separate study
e Formal dining room
_® Private elevator
¢ Heated pool and spa overlooking the harbor
® Private dock for a yacht up to 75 feet
e Dedicated storage and crew areas
e Exercise room
e Indoor Garage
e Private gated entry
e Lush tropical landscaping

=f Qualifications:

an Daccaluureate Leeree it Bustness or related studies; 3 - 5 years experience at a

y level, EXcellent computer skills (Spreadsheets database management);
N ce of IOD-9 & CPP codes, preferred; Excellent computer literacy; Strong
communication and interpersonal skills essential :

(a) DELA RUE HOLDINGS is in voluntary dissolution under the
provisions of Section 137 (4) of the International Business |
Companies Act 2000.



Position Summary:
The sutccesstul Candidate will:

(b) The dissolution of the said company commence on the 22nd,
March, 2007 when the Articles of Dissolution were submitted
to and registered by the Registrar General.



Lie responsible for managing the activities of the Insurance Services Department
responsililities iuehndy the management of various Insurance financial portfolios.

(c) The Liquidator of the said company is Blue Seas Administration
Ltd., of The Bahamas Financial Centre, Shirley & Charlotte



Direct. administer and coordiate the activities of the Insurance Services Department

(o support the policies, goals and objectives established by the institution,
Continuously participates in performance improvements to enhance services to our
“customers throughout the organization. Develop collection strategies to ensure
oplimmreash tow

Streets, Nassau, Bahamas

Dated this 26th day of March, A.D. 2007
Develop relationships sith key personnel in fecal and foreign
Insurance companies.

Blue Seas Administration Ltd.
Liquidator

cellent benefits | Salary conimensurate with experience

Rent: $18,500.00 per month net

wes DOCTORS HOSPITAL NO PETS

Health Far Life

For further information and viewing call:
363-2730

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



















ee
C ee eramerenseme sae
a
| r = aang ff
! SF A
YPricing Information As OF:
Vee day, 2? March 2007









Se urit y Div $ P/E











DD ewk -Low Change Daily Vol. EPS $ Yield
O54 Abaco Markets 82 82 0.00 0.282 0.000 N/M 0.00%}
12.05 10.60 Bahamas Property Fund 11.25 11.25 0.00 1,320 1.689 0.400 6.7 3.56%
3.60 “ 6.90 Bank of Bahamas 8.60 8.60 0.00 700 0.737 0.260 VIEL 3.02%F
0.85 0.70 Benchmark 0.85 0.85 0.00 0.265 0.020 3.2 2.35%
2°19 1.26 Bahamas Waste 2.19 2.19 0.00 0.199 0.060 10.6 2.86%}
‘ee 1.12 Fidelity Bank 1.30 1.30 0.00 0.170 0.050 7.6 3.85%
10.33 a00 Cable Bahamas 10.35 10.33 0.02 8,200 0.915 0.240 11.3 2.32%] es
m 167 Colina Holdings 2.10 2.10 0.00 996 0.078 0.040 26.9 1.90% eee x
thts 58 Commionweatthy Bank 14.15 14.15 0.00 0.998 0.680 14.0 4.86% ;
3.26 4.22 d Water BORs 4.77 4.80 0.03 0.118 0.045 40.3 0.95% Do oe want to learn the art of He do
3 2.40 fospital 246 2.46 0.00 0.295 0.000 8.3 0.00%
B.A 5.94 5.94 0.00 1,600 0.552 0.240 10.8 4.04 %§ Fencing in the Bahamas?
la) 12.45 12.45 0.00 0.779 0.570 15.7 4.58%
1.90) " 14.61 14.61 0.00 400 0.921 0.500 16.0 3.40% 5 3 5
th 7.06 7.06 ; .64¢ 0.510 10.4 2.99% yy
(1.45 0.50 Freeport Concrete 0.50 0.50 0.00 0.000 N/M 0.00% INTRODUCTORY SPECIAL oa 24
0.20 7,10 ICD Utilities ae 2 . 0.100 13.6 1.38% A
LOO 8.52 3 0.560 6.18%






figes 8-12 preliminaries are FREE,
School enroliment is FREE
(Days for those schools that are interested,
need to be reserved)

10.00 7.95%

8.3 9.04%
0.00%

Kendo and Fencing is for everybody!!!

ae sesso Ages 8-80!!
ee Pretorred Fund 2.628449" Beginners, Intermediate and

POS Mh Fh

















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Expert Classes Available!
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MARKET TERMS. vw
price of Colina and Fidelity







Ask $ - Selling price of Catina and hdelity * - 9 March 2007
Last Price © Last traded ovg-the-counter price °
qhted price tor daily volume Weekly Vol. - Trading volume of the prior week * - 8 February 2007 ie . .
day wo day j EPS $ - A company’s reported earnings per share for the last 12 mths For more information please contact us at:
al nares traded today NAV - Net Asset Value * - 31 January 2007 ~ IRIT NET
© paidinthe lost 12 months N/M - Not Menirurig fut a a
Lo dried by the fast 12 month camings i . FINDE®X - The Fidelity Bahamas Stock Index. January 1, 199-4 = 100 *** . 28 February 2007 INFO@KENDO SP °
ertee _8 February 2007 ( (MAXIMUM APPLICATION WILL DETERMINED THE OPENING)

$8) POR WORE OR

Sains



PRANBORMATION CALL (G42) 864-2508 ©





ort

>?

Hat

saraswat 1 in iy Sear ron Ser

Fa ae Ti a OT 2 a ee
4

&%, 2 ;

nave

THE TRIBUNE





tome executives to
testify in Qwest case

@ By Andy Vuong
The Denver Post

DENVER — The Justice
Department launched its illegal
insider-trading case against Joe
Nacchio last week by showing
jurors that the former Qwest
chief executive repeatedly told
analysts and investors the com-

- pany was on solid footing in late
’ 2000 and early 2001.

The government will proba-
bly try to prove this week that
Nacchio was being told a dif-
ferent story behind closed doors
by his top executives, if federal
prosecutor James Hearty’s
opening statement is any indi-
cation.

To do so, the government

~ could call to the stand, perhaps
‘ as early as Monday, former

Qwest executives who worked
closely with Nacchio on com-
pany financial reports, such as

' chief financial officer Robin

' Szeliga and president Afshin

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state control.

statement.

TALLAHASSEE, Fla. (AP) — A judge -
ordered Maitland-based insurance company
Vanguard Fire & Casualty Co. into liquida-
tion effective Monday, more than two
months after the i insurer was placed under

Leon County Circuit Judge Terry Lewis
issued the order Thursday so that the com-
pany’s claims can continue to be paid, state
Chief Financial Officer Alex Sink said in a

Receivership

The company entered receivership in Jan-
uary. The state Department of Financial
Services, as receiver, has paid more than $6
million in claims using company assets, but.
determined the company’s cash and reserves

“In late 2000 and early 2001,
Mr. Nacchio talked to investors
frequently. And he repeatedly
told them that Qwest was dif-
ferent than his competitors who
were struggling,” Hearty said
during Tuesday’s opening state-
ments. “However, at the same
time, Mr. Nacchio is being told
very different information from
his executive team inside
Qwest.”

The government accuses Nac-
chio of dumping $100. 8 million
in Qwest stock in early 2001
while he had material, nonpub-
lic information that the compa-
ny’s finances were deteriorat-
ing.

Nacchio’s attorneys have con-
tended that he was upbeat
about the company and reluc-
tantly exercised and sold his
stock options because they were
close to expiring. They could
draw on other lines of defense,
such as attributing his sales to
programmed trading and main-
taining that he alone believed

Judge orders Florida insurer be liquidated



were not enough to keep up with claims.

The state also has sought court permis-
sion to allow Vanguard’s 57,000 homeown-
er policy holders to be offered replacement
coverage by Royal Palm Insurance Co. or
Security First Insurance Co.

Approves

If the court approves, replacement cov-
erage will begin April 25, or when individu-
als’ policies expire, whichever comes first.
Policy holders also would be free to select
other companies.

Vanguard stopped writing new policies in
January and announced it would not renew
existing caverage after April 19. Vanguard
policies will be canceled April 25 as a result
of the liquidation.

MONDAY, MARCH 26, 2007, PAGE 13B

Qwest was in line to receive
lucrative government contracts
because of his talks with secret
government agencies.

The defense witnesses, which
are expected to include Qwest
founder Philip Anschutz, will
be called after the prosecution
rests its case.

Prosecutors quickly estab-
lished their first point last week
when Qwest’s former investor
relations director Lee Wolfe
testified that Nacchio contin-
ued to publicly reiterate aggres-
sive revenue targets in the face
of an industry downturn and
growing skepticism about the
company’s finances.

But Wolfe wasn’t privy to
internal conversations Nacchio
had with his top management
team about financial results and
how they would report them to
investors, analysts and regula-
tors.

Szeliga, who started at Qwest
in 1997 as vice president of
finance and was appointed CFO




















AEMTC’s participants who successfully completed Phase
I of the Small Business training seminar pose with several
of their facilitators: From L to 'R: Det. Sgt. Lexton
Symonette, Janet Russell, Rochielle Bevans, Andrea
Curling, Bianca Simms, Michael Brown, Drexel Deal,
Alexandra Deal, Kendolyn Cartwright, Naomi Knowles
and Charliese Bevans (AEMTC’s Photo by Llewelyn

Curling)

ccessful Small Business Semit

held-Alpha Entrepreneurial Management Training
_& Consultancy Services (AEMTC)

held its third successful Small Business Training Seminar,
“How to Start & Operate a Successful Business”- Phase
|, February 19-27 & March 1, 2007 at COB’s, Grosvenor
Close Campus, Shirley Street. AEMTC is committed to
providing quality small business training to persons
interested in starting and/or growing their own businesses.
Participants engaged in a series of interactive discussions,
skills training, group presentations and networking activities.
Participants are now a part of the National Foundation for
Teaching Entrepreneurship (NFTE) Alumni Network, New
York. On Thursday March 1, 2007, at the closing ceremony,
the guest speaker, Alexandra Deal, a prospective
entrepreneur, urged participants to follow their dream of
becoming entrepreneurs. Then they were awarded
certificates of participation from AEMTC and NFTE.
Successful individuals will have the opportunity to complete
Phases II and Ill of the program. Interested persons
wishing to take advantage of this ongoing special small
business training opportunity can contact AEMTC at (242)-

393-5961,



(242)-323-5195, or e-mail them at.

‘the timeframe of Nacchio’s

- the tech downturn and news of
_accounting irregularities at

Sales Associates

Needed for a retail clothing store
Applications available @ Dorsette House.
corner of Mackey St. and Wulff Rd.

Fax resume @ 393-3320

Re RGOn hats cr wi cente

in March 2001, could provide
insight on those talks.

Szeliga pleaded guilty to one
count of insider trading in 2005
for a stock sale she made in
April 2001, which falls within

MESSENGER

Must be over 25yrs of age, only able body
man with valid driver’s license (no priors)

alleged insider Hadine, and a clean police record need apply.

“T would expect that the pros-
ecution will ask Szeliga to recall .
the discussions that she had with
Nacchio regarding the results
of the company as they were
drafting and then signing off on |.
the filings that were made with |
the SEC (Securities and
Exchange Commission),” said
former SEC chief accountant
Lynn Turner, now with invest-
ment advisory firm Glass Lewis
& Co. “And that would includé
discussions about whether the
company was doing good or bad
and how. they would describe
the results in their nepOrss to
investors.”

Mohebbi, who worked for
Qwest from 1999 to 2002, was
considered Nacchio’s right-hand
man.

He helped Nacchio orches-
trate the takeover of U S West
in June 2000, which transformed ,
Qwest from an upstart into one
of the country’s largest telecom-
munications company. Amid

Fax resume to 393-3320 by March 31.
2007.

VACANCIES

IR Seniors

CCCs

Qwest, the company nearly col-
lapsed into bankruptcy. .

Nacchio was ousted by the
board of directors in June 2002.
The company later restated $2.5
billion in revenues booked dur-
ing Nacchio’s tenure.

He was indicted on 42 crimi-"
nal counts of insider trading in
December 2005. The trial start-
ed March 19 in Denver federal
court and could last up to eight
weeks.

NIE Ac COTE LS

Responses to infol @gtbahamas.net



MUST SELL

Lot of land with a combined area of 11,500 sq.ft. being Lots #22 & 23 Kim Crescent in Baillou Dale-Sub-
division off Baillou Hill Road. The property is comprised of an 18yr old single family residence consisting
of 2,000 sq.ft. with 3 bedrooms 2 bathrooms, living, family, dining, kitchen and laundry rooms. The
building is enclosed and landscaped with a grass lawn, flowering plants and fruit trees.
Utilities: Electricity, Water and Telephone. :

For conditions of the sale and any other information, please contact:
Credit Risk Management-— Managing Director’s Office °
at: 356-1685 or 356-1608

Interested persons should submit offers in writing addressed to:
The ‘Manaeet Credit Risk Management — Managing Director’s One
P.O. Box N-7518, Nassau, Bahamas’
to reach us before April 27, 2007

The Bahamas Environment Science &:
Technology (BEST) Commission,
Ministry of Utilities & Environment

is seeking a

PROJECT MANAGER

with skills in technical writing, for the production of a public document.
The successful candidate would be able to conduct interviews, gather data |
and analyze information. The successful candidate would also be
knowledgeable about global Climate Change (CC) and the United Nations
Framework for climate Change.The successful candidate would be able to
articulate the implications and factors effecting small island states relative
to CC. The position offered is temporary and is contingent on the production _
of the document. Interested persons should send their resumes before March
29th, 2007 to the Commission office.All applicants should be available for .
interviews during the week of April 3rd 2007. Please contact the Commission
for further details at:

BEST Commission, Ministry of Utilities & Environment
Nassau Court, West Bay Street
Nassau, Bahamas_.
Tel: 322-4546 or 322-2576
Fax: 325-3509 -
Email: bestnbs@hotmail.com





PAGE 14B, MONDAY, MARCH 26, 2007

a a eee
Bahamas needs 14 per cent VAT rate

FROM page 1B

tic product (GDP) data and
information supplied by the
Customs Department to calcu-
late that this nation had a VAT
revenue base that year of about
$1.992 billion.

Having calculated that $266.2
million would be the maximum
amount of import duty and
Stamp Tax revenue lost if the
Bahamas decided to enter full
trade liberalization — sign up to
100 per cent tariff cuts for the
Free Trade Area of the Ameri-
cas (FTAA), the Economic
Partnership Agreement (EPA)

with the European Union (EU)
and the CARICOM Single
Market Economy (CSME) -
the study calculated that VAT
levied at a 13.36 per cent rate
would be required for the Goy-
ernment to enjoy a “revenue
neutral” outcome based on 2003
figures.

Revenue neutral means that
the Government would, at a
13.36 per cent VAT rate, earn
at least as much as it would lose
from abolishing import duties,
which are regarded as protec-
tionist measures and barriers to
trade by most multilateral trade
arrangements and the World
Trade Organisation (WTO).

The CARICOM study, con-
ducted by Eric Hutton, Don

RBC

SS FINCO

RBCS

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece parcel or lot of land being Lot Bomar Condominium
Westward Villas, situated in the Western District on the Island of New
Providence one of the islands of the Commonwealth of The Bahamas.
Situated thereon is a Single Family Residence consisting of 3 Bedrooms.

2 1/2 Bathrooms.

Augustin and Lindsay Holder,
said that VAT rates should be
rounded to full figures, meaning
that in the context of the
Bahamas, a 13 per cent or 14
per cent rate was necessary.

A 13 per cent rate, the study
estimated, would in 2003 have
left the Bahamas $7.2 million
below the revenue neutral out-
come, while the 14 per cent rate
would have produced a $12.7
million surplus.

Authors

The authors wrote: “The
shortfall resulting from the low-
er rate, however, could easily
be made up with the introduc-
tion of some selective excise
taxes — tobacco, alcohol, fuel
and motor vehicles.......

“One advantage to be gained
in introducing excise taxes with
a VAT is that the excise taxes
allow for ‘fine-tuning’ of the
revenue performance of the tax
system. A one percentage point
change in VAT rates has an
impact on revenues in the tens
of millions, while discrete
changes in excise tax rates might
result in revenue impacts in the
tens of thousands, or less.”

They warned, though, that
the VAT rate estimate was
dependant on how the Bahamas
designed this tax if it chose to
introduce this as an import
duties replacement, and it is not

certain — although likely — that
this nation will plump for the
VAT option. For instance, if the
Bahamas introduced VAT, it is
likely that some transactions
will be exempted or have a
zero-rate attached.

In addition, the Government
has yet to take a policy decision
on the various trade agreements
before it, including becoming a
full WTO member, so the ques-
tion of how the economy inte-
grates itself with the rest of the
world has yet to be determined.

It may be that the $266.2 mil-
lion worst-case revenue loss cal-
culated by the CARICOM
study may not happen, given
that the FTAA has ground toa
standstill and appears to have
broken up into a series of small
trade deals, multilateral agree-
ments and bilateral talks. The
majority of import duty rev-
enues lost from full trade liber-
alization would have resulted
from the FTAA, due to the high
level of imports coming from
the US, the Bahamas’ largest
trading partner.

However, the Bahamas could
still face an FTAA-style sce-
nario in regard to the US as a

result of the Caribbean Basin

Initiative (CBI). Although the
US is still attempting to get a
waiver for the CBI in the WTO
until end-2008, that agreement
will again have to be replaced
with one that provides reci-

procity, meaning that the
Bahamas will have to provide
tariff-free access for US goods
coming into this nation in line
with the benefits that the US
provides to Bahamian
exporters.

The CARICOM study con-
cluded that for full trade liber-
alization - where the Bahamas
entered into the EPA, CSME
and an FTAA-style situation,
and all tariff rates went to zero
— this nation would lose
$255.289 million in import
duties and a further $10.907 mil-
lion in Stamp Taxes.

Out of the total $266.2 mil-
lion in revenue lost, some
$261.475 million would be due
to the FTAA, with $3.555 mil-
lion given away under the EPA
and a further $1.167 million in
the CSME.

Revenue

Together, these revenue loss-
es accounted for 51.3 per cent of
total trade taxes; just over 32
per cent — or almost one third —
of total taxes collected in 2003;
some 28.66 per cent of total
government revenues; and rep-
resented a total loss equivalent
to 4.59 per cent of GDP. Import
duties usually account for just
over 50 per cent of per annum
government revenues, and this

Some $856.6 million worth of
imported goods would be

THE TRIBUNE

impacted in this scenario, with
$841.45 million or about 98 per
cent of these coming from the

US.

The CARICOM study also
assessed the impact of partial
liberalization, where tariff rates
were cut by 50 per cent across
the board. In this case, some
$133.098 million in revenue
would be lost, comprised of
$127.645 million in import
duties and $5.455 million in
Stamp Taxes. The vast majority
of this loss, $130.737 million,
would again result from any
trade deal involving the US.

The revenue losses incurred
during partial trade liberaliza-
tion would be equivalent to
25.644 per cent of trade taxes
collected in 2003; 16 per cent of
total tax revenues; and 14.3 per
cent of total revenues.

The study’s authors warned’
that their calculations might
underestimate the revenue loss-
es facing the Bahamas, given
that trade agreements could
result in the elimination or
reduction in the rates of other
taxes.

They concluded that depend-
ing on the scope of trade liber-
alization, fiscal losses for
Bahamas-CARICOM trade
were likely to be between
$0.584 million and $1.167 mil-
lion, and for the EU between
$1.777 million and $3.555 mil-
lion.

ai
¢,’

*,
4

v
t

4

th

%,
®

Unit Size 450 sq ft

This property is being sold under Power of Sale contained in a Mortgage
to FINANCE CORPORATION OF BAHAMAS LIMITED.

All offers should be forwarded in writing in a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549,
Nassau, Bahamas and marked “Tender 1549”. All offers must be
received by the close of business 4:00 p.m., Friday 30th March 2007.



s 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 clients 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 strengthen our team in Nassau, we are
looking to fill the following positions:

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 investments strategies and solutions. The
acquisition of new clients will be a main focus.

The candidate will provide input to senior management
regarding client segmentation and marketing strategy
for his/her region. S/he will assist in the process of
building and developing 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.

Senate for this position include:
Minimum 5 years experience and a proven
successful track record in Wealth Management

e Minimum 5 years experience in client acquisition
and relationship building

¢ Outgoing and personable with great social skills.

In this position, the successful candidate will be
gs ciaat to:
Use communication and negotiation skills to
attract new clients and identify client needs
e Meet with clients and potential clients in social
settings
e Travel to meet With clients and potential clients

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
nes the following requirements:
Extensive experience and a proven track record
in Wealth Management
Specializing in the fields of Customer relations,
investment advice and portfolio management.
Excellent sales and advisory skills as well as solid
knowledge of investment products are key
‘requirements. Fluency in English, Portuguese
and Spanish is essential.

Interested? Written applications should be sent to:

hrbahamas@ubs. com UBS (Bahamas) Ltd.
Human Resources
P.O. Box N-7757
Nassau, Bahamas



NOTICE
RBC FINCO INVITES TENDERS
RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece parcel or lot of land being Lot #5, Lexington
Estates Subdivision situated in the Southern District on the Island of
New Providence one of the islands of the Commonwealth of The
Bahamas. Situated thereon is a Single Family Residence consisting
of 3 Bedrooms. 2 Bathrooms.

Property Size 7,410 sq ft .

Building Size: 1,350 sq.ft

This property is being sold under Power of Sale contained in a Mortgage
to FINANCE CORPORATION OF BAHAMAS LIMITED.

All offers should be forwarded in writing in a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549,
Nassau, Bahamas and marked “Tender 1911”. All offers must be
received by the close of business 4:00 p.m., Friday 30th March 2007.

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:
“ALL THAT” piece parcel or lot of land being Lot: Lot #143
Yellow Elder Gardens Subdivision, situated in the Western
District on the Island of New Providence one of the islands of the
Commonwealth of the Bahamas. Situated theron is a Single Family
Residence, consisting of 3 Bedrooms 1 Bathroom.

Property Size: 3,200 Sq Ft
Building Size: 873 Sq Ft

This property is being sold under Power of Sale contained in
a Mortgage to FINANCE CORPORATION OF BAHAMAS
LIMITED.

All offers should be forwarded in writting in a sealed
enevelope, addressed to the Manager, Royal Bank Collections
Centre, P.O. N-7549, Nassau Bahamas and marked “Tender
0878”. All offers must be received by the close of business
4:00 p.m., Friday 30th March, 2007.

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece parcel or lot of land being Apt No.23, Wild Tamarind
Condo situated in the Western District on the Island of New Providence
one of the islands of the Commonwealth of The Bahamas. Situated
thereon is Condo consisting of (3) three Bedrooms, (2) two Bathrooms.

Unit Size 1,400 sq ft

This property is being sold under Power of Sale contained in a Mortgage
to FINANCE CORPORATION OF BAHAMAS LIMITED.

All offers should be forwarded in writing in a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549,
Nassau, Bahamas and marked “Tender 2076”. All offers must be
received by the close of business 4:00 p.m., Friday 30th March 2007.

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:
“ALL THAT” piece parcel or lot of land being Lot #80,
Kennedy Subdivision situated in the Southern District on the
island of New Providence one of the islands of the
Commonwealth of.the Bahamas. Situated thereon is a Single
residence, consisting of 3 Bedrooms 1 Bathroom.

Property Size: 3,600 Sq Ft
_ Building Size:

928 Sq Ft

This property is being sold under Power of Sale contained in

a Mortgage to FINANCE CORPGRATION OF BAHAMAS |,

_ LIMITED. |, ,., ph it et

All offers should be forwarded in writting in a sealed
enevelope, addressed to the Manager, Royal Bank Collections
Centre, P.O. N-7549, Nassau Bahamas and marked “Tender
0726”. All offers must be received by the close of business
4:00 p.m., Friday 30th March, 2007.

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:
“ALL THAT” piece parcel or lot of land being Lot #400,
Yellow Elder Gardens situated in the Western District on the
island of New Providence one of the islands of the
Commonwealth of the Bahamas. Situated thereon is a Multi
Family unit consisting of 1 - 3 Bedrooms i Bathroom, and 3
Bedrooms 1 Bathroom.

Property Size: 3,200 Sq Ft

Building Size: 1,490 Sq Ft

This property is being sold under Power of Sale contained in
a Mortgage to FINANCE CORPORATION OF BAHAMAS
LIMITED.

All offers should be forwarded in writting in a sealed
enevelope, addressed to the Manager, Royal Bank Collections
Centre, P.O. N-7549, Nassau Bahamas and marked “Tender
1626”. All offers must be received by the close of business
4:00 p.m., Friday 30th March, 2007.



NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:
“ALL THAT” piece parcel or lot of land being Lot: 500ft
west of Marigold Farm Road, and south of Hanna Road,
situated in the Southern District on the Island of New Providence
one of the islands of the Commonwealth of the Bahamas. Situated
theron is vacant land.

Property Size: 16,102 sq. ft.

This property is being sold under Power of Sale contained in
a Mortgage to FINANCE CORPORATION OF BAHAMAS
LIMITED. :

All offers should be forwarded in writting in a sealed
enevelope, addressed to the Manager, Royal Bank Collections
Centre, P.O. N-7549, Nassau Bahamas and marked “Tender
3147”. All offers must be received by the close of business
4:00 p.m., Friday 30th March, 2007.



ASS

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THE TRIBUNE

MONDAY, MARCH 26, 2007, PAGE 15B





Delta head sets
example for other
chief executives

m@ By MATT KEMPNER
Cox News Service

ATLANTA -- Who walks
away from millions of dollars?

Bosses of some giant compa- |

nies do, it turns out.

While CEOs are regularly
lambasted for accepting big pay
packages, it isn’t unusual for
_ corporate titans to swallow
short-term pay cuts, skip bonus-
es or temporarily opt for $1
salaries - although it is often for
the promise of long-term
rewards. It happens at compa-
nies that are soaring as well as
at those where employees need
‘ to be convinced that top leaders
are sharing the burdens of hard
times.

Now, Delta Air Lines’ 74-
year-old Chief Executive Ger-
ald Grinstein has taken the con-
cept a step further. Not only did
he forgo part of a comparative-
ly low salary while leading Delta
through its Chapter 11 case, but
last week the company
announced that Grinstein will
get none of the usual payouts
that typically go to CEOs after
such cases. No stock in the reor-

ganized company. No cash

bonus. Nada.

“T like it,” said Tim Pollock,
an associate professor of man-
agement at Penn State Univer-
sity, who studies executive com-
pensation. “Our own low expec-
tations about CEO self-interest
make the gesture that muc
more powerful.”

Usually .

Usually, said Don’Lindner,
; an executive compensation

- expert with human resources
association WorldatWork,
' CEOs “are sacrificing now
because they want the company
to turn around, and then if it
works out they can profit.”

Pat McGurn describes the
practice as “trading dimes for
dollars.” : :

McGurn is executive vice
president of Institutional Share-
holder Services, which provides
research and voting advice for
shareholders. He used to keep a
' file with information about all
the CEOs taking what looked
like pay cuts, but it grew too
big.

- He cites Terry Semel. The
‘ Yahoo chief’s salary dropped
to $1 last year, but .over time he
has received options to buy mil-
lions of shares in the company.

“They get their pot of gold at
the end of the rainbow, not at

_ the beginning,” McGurn said.

“They are more than willing to
trade off short-term income in
order to receive a longer-term
share of the pie. That ends up
being-a hell of a lot more than
the salary would have been.”

Sometimes, superwealthy
bosses volunteer for less pay
even when times are good,
McGurn said. Those “share-the-
wealth” moves include the $1
salaries of Google’s co-
founders, who became billion-
aires from their stock in the
business and will make even
more if the company continues
to thrive.

-McGurn said he also sees
examples of “share the pain”
cuts - such as those by General
Motors chief Rick. Wagoner -
where corporate leaders accept

_pay reductions to take part in

the sacrifices at their troubled
companies.

Sometimes short-term moves
can backfire. Grinstein’s prede-
cessor at Delta, Leo Mullin,

ave up nearly $200,000 of his
$795,000 salary and took no
bonus for 2001 in the wake of
the Sept. 11 attacks. But two
years later, he stepped down
amid lingering controversy after
it was disclosed that Delta had
given top executives big bonus-
es in 2002 and spent millions on
special bankruptcy-proof pen-
sion trusts for them. He got $16

~ million when he left.

Series of pay cuts
Grinstein started as CEO
with less pay than his predeces-

’ sor. And it went down from

there. |
Like employees at all levels of

‘Delta, His salary was chopped °

during the more than three
years he has been CEO. His
$338,000 salary is among the
lowest for chief executives of
major U.S. corporations. Mean-
while, the value of Delta stock
he had accumulated evaporat-
éd, just as it has for everyone
who held common stock when
the airline filed for bankruptcy

protection.

Now, he is refusing to take
any extra cash, stock awards,
stock options or salary raise as
part of what may be the greatest
success of his long career in
business: Delta’s pending exit
from bankruptcy protection.

His top two lieutenants - both .
of whom already make a big-
ger salary than Grinstein - are
each in line to receive $8.4 mil-
lion in equity awards over the
next few years if goals are met,
plus another $765,000 in possi-
ble cash incentives, according
to Delta.

Company

Grinstein has told the com-
pany to consider putting the
extra compensation it would
have given him into charitable
funds for needy Delta workers
and to provide scholarships for
Delta employees, retirees and
their families.

He says he plans to step down
from the airline this summer.
Grinstein has been on Delta’s
board since 1987, but his com-
pany pension will be based on a
portion of his time as CEO, giv-
ing him just over $300 a month.
He’ll get some travel privileges
on Delta jets, but no continu-
ing health care benefits, no
office nor any club member-
ships, according to Delta.

*Sign of good faith’

Observers say CEO pay cuts
often are more about image
than substance.

“Typically, when it is done it
is cosmetic,” said Charles Elson,
who directs the University of
Delaware’s corporate gover-.
nance center... ., .- pee

And corporate chiefs who get
major pay after leading a com-
pany out of bankruptcy risk poi-
soning potential goodwill with
workers, Elson said. But he said
moves like Grinstein’s resonate
with employees. It’s “an impor-
tant sign of good faith.”

Grinstein, a Seattle invest-

~ NOTICE

NOTICE is hereby given that TONEY CLAUDIUS GRIFFIN OF
EAST STREET OP ITE ODLE CORNER, P.O. BOX N1309,
NASSAU, BAHAMAS, is applying to the Minister responsible

for Nationali

Nai _and Citizenship, for registration/naturalization
_| aS a citizen of The Bahamas, and that any person who knows

any réason why registration/ naturalization should not be
granted, should send a-written and signed statement of the
facts within twenty-eight days from the 19TH day of MARCH,
2007 to the Minister responsible for Nationality and Citizenship,
P.0.Box N-7147, Nassau, Bahamas.



eee tes
HUMAR
GESOTRGZ

RAMAGEMERT

Bahamas Human Resources
Development Association

The Bahamas Human Resources Development Association is
"Growing to better serve you” in 2007.

We have restructured and reorganized to better meet the needs of our
country’s Human Resources Professionals.

If you are a Human Resources Practitioner, an Entrepreneur or a tertiary level

student studying Human. Resources Management, you need to be apart of this

vibrant: group of individuals who have chartered a course towards, “Enhancing
i ‘Hurnan Relations in the Workplace”.

We meet every third Wednesday in the month @ Luciano’s of Chicago, West Bay
Street @ 12:30pm.

Look out for future announcements of excellent topics and knowledgeable

presenters.

Our First meeting will take place April 18th, 2007.
Topic: Building Human Relations, breaking barriers in Labour Relations.



ment firm principal when he
came off the board to succeed
Mullin, is an unusual example in
several respects.

By the time he took Delta’s
controls, he was already in the
twilight of a lucrative career.
He had amassed enough wealth
to buy Bill Gates’ old lakefront
house in Seattle, tear it down
and build one he and his wife
liked better.

He’d been a partner ina
prominent law firm; served as
chief executive of Western Air-
lines before that carrier was
acquired by Delta in 1987; and
ran Burlington Northern rail-
road.

Some friends worried when

he took the CEO post at Delta. *

The job didn’t seem to come
with much upside, other than
that it was challenging. The air-
line was in a deepening financial
crisis, and employee morale -
already hurt by pay and job cuts
- was further wounded by con-
troversy over bonuses and the
bankruptcy-proof pension trusts
targeted for Mullin and other
top executives.

As an influential member of
Delta’s board, Grinstein had
played a key role in Mullin’s
1997 hiring and mentored him
early on. He was on the board
that approved the 2002 execu-
tive pay perks.

Friends wondered whether
Grinstein’s motive - at least in
part - might be that he felt he
owed it to Delta to help repair
the company’s problems.

Grinstein brushed that idea
aside in a 2004 interview: “I
must say I don’t think of it that
way.”




Fiemibiey
Real Estate

WU POVPAVT Ram tiiiceo cles iii tome rotneoneCOrmign tascem cunts es

Pe ee ee a




KLG INVESTMENTS LTD./AQUAPURE

Applicants must be at least 23 years of age,
self-motivated, disciplined and possess the
following:

e A valid driver’s license
¢ The ability to drive standard shift vehicles

Please visit out Bernard Road office
between the hours of 9:00am and 5:00 pm,
Monday - Friday to pick up an application
form.



FIRSTCARIBBEAN

INTERNATIONAL BANK

CAREER OPPORTUNITY

for

SENIOR FINANCIAL ANALYST

Qualifications:

BAHAMAS

e Accounting designation (ACCA, CPA or other similar

designation)

¢ Audit experience (Preferred)

° Prior experience working in/with financial institutions

¢ Proven analytical skills in reporting, modelling and forecasting
° Proven team management skills

General Requirements/Responsibilities:

e Assist with the preparation of annual financial statements

with IFRS

¢ Assist With the preparation of accurate and timely 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 timelines
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.

Applicants are requ
via email by April 4%,

csiqd to submit their resume with a cover letter

2007 to:

deangelia.deleveaux@ firstcaribbeanbank.com

FirstCaribbean 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.





PAGE 16B, MONDAY, MARCH 26, 2007

THE TRIBUNE

a eee eee

Banks urged to
do more to assist |
entrepreneurs




MUST SELL
VACANT PROPERTY

Lot #14721 comprising 10,000 sq.ft. in area with 83
frontage on Zinnia Road and 120 feet on Eastward Drive
in Bahama Sound of Exuma Ocean Addition West,
Exuma Bahamas










The property is undeveloped and is located
1 mile south of Emerald Bay and The Four
Seasons Resort.





For conditions of the sale and any other information,
please contact:
Credit Risk Management — Collection Unit at:
Phone: 356-1685 or 356-1608, Nassau, Bahamas





Interested persons should submit offers in writing
addressed to:
The Manager, Credit Risk Management - Collection
Unit, P.O. Box N-7518, Nassau, Bahamas
to reach us before April 16, 2007.








ANNOUNCEMENT
PAT STRACHAN

is pleased to announce
_ the opening of his
mortgage service business

SUCCESSFUL
MORTGAGE LTD.

Offering a wide range of
mortgage services.

Located at

No.7 S.LG. Court
Winchester St. West
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@ By CARA BRENNEN-BETHEL
Tribune Business Reporter

Bahamian business consultant
At urged commercial banks to
do more to facilitate entrepre-
neurs wishing to benefit from the foreign
investment pouring into this nation.
Mark Turnquest, of Mark Turnquest
and Associate companies, told The Tri-
bune that commercial banks and-other
financial institutions must collaborate with
the Domestic Investment Board to turn
entrepreneurs’ “dreams into reality”.
Without funding, a lot of good ideas are
being pushed to the side, Mr Turnquest

>

said.

He added that more needs to be done to
ensure that opportunities be given to
Bahamians, rather than hiring foreigners.

Flip

On the flip side, Mr Turnquest said
Bahamians needed to do more to take the
initiative themselves, and come up with
innovative approaches to supplying devel-
opers’ needs.

“Bahamians should start to aggressive-
ly pursue new market opportunities to

become entrepreneurs. They need to
change their paradigm shift and embrace

the opportunities now, or else foreigners“
will once again benefit from the growth of
our nation,” Mr Turnquest s°‘d. Mi

“Future entrepreneurs should now be,’
conducting market research and feasibili~'
ty studies to determine which supporting;
products and services to offer at a profit.”

Bahamians need to stop being compla-
cent-and seize this new opportunities in the
Bahamas, he added.

Mr Turnquest’s comments come on the ,
heels of the recent launch of the Domestic
Investment Board’s brochure, which out-
lines the process and concessions avail-
able for Bahamians who start their own
business.

Marginal airlift impact |

from US cancellations ©

@ By CARA BRENNEN-BETHEL
Tribune Business Reporter

THE cancellation of flights from the
US due to recent bad weather has had
only a marginal impact on hotel arrivals
and air service into the Bahamas.

According to Tyrone Sawyer, director
of airlift in the Ministry of Tourism, sev-
eral flights coming in and out of the US
into Nassau were impacted, chiefly US
Airways, which has the majority of flights
coming into the Bahamas from the north-

GRAND BAHAMA POWER COMPANY
Keeping Grand Bahama's Future Bright

Vacancy Notice

A vacancy exists in the Transmission & Distribution Department of
Grand Bahama Power Company, fora DRAUGHTS MAN.

eastern US.

Mr Sawyer said two flights - between
Nassau and New York and Nassau and
Philadelphia - had to be canceled due to
bad weather on Friday and Saturday. The
passengers on the flights had to be re-
accommodated, with some arriving in
Nassau on Sunday and the rest on Mon-
day.

Atlantis’s vice-president of external
affairs, Ed Fields, said the resort was
impacted only slightly.

The British Colonial Hilton did not see

any impact at all , said their spokes- .
woman, Opal Gibson,.
On Friday, passengers on several of the
380 scheduled flights that US Airways
cancelled that day were trapped aboard
planes on the tarmac for seven to eight
hours.

Almost half the airline's 1,200 flights
from Friday through Sunday were can-
celled. There were few cancellations or
delays yesterday, airport spokeswoman »°,
Phyllis Van Istendal told The Associated *
Press.

RESORT MARINA
THE BAHAMAS

Ambitious, hardworking and highly motivated Bahamian

The duties include but are not limited to performing drafting tasks
necessary to record construction and maintenance details and changes
to T&D and Steam Plant system and preparing detailed drawing from
engineers sketches. Designing and managing the construction of
changes to the company’s civil structures and field collection of system
graphical information by GPS. The incumbent wil! also assist Managers,
Engineers, Superintendents and Supervisors in preparing Construction
details as dictated by system changes. This position reports to the Planning
and Scheduling Manager.

couple sought to run established marina and restaurant
on Rum Cay.

Montana Holdings Ltd owners of Rum Cay Resort
Marina, currently under development have just acquired a sister
property, on the island of Rum Cay. Sumner Point Marina extends
over 26acres across the south eastern corner of the island with docking
for 30 boats up to 160 ft in length, a newly refurbished 30 seater
restaurant and guest accommodation for up to 16 persons.

: . Responsibilities include but are not limited to:-
The applicant must be fluent in the use of AutoCAD and should be § _ @ all marina, restaurant and lodging operations;

familiar with data management applications MS Office, Internet ° Full 2 and any calls ee including F+B,
. . . . ‘ reservations and inventory control.

technologies, mobile Computing etc. and have experience with GPS Oversee all maintenance and repairs

equipment and associated GPS software packages. The applicant should Manage housekeeping of rental villas

also have the ability to understand the difference between data types and

Supervision of staff and suppliers.
know the impact and consideration when designing a database, especially Co-ordinate Montana client visits to Rum cay
in Microsoft Access.

Manage Montana Sales Office on Rum Cay

Skills and Attributes
The ideal applicant will be a Bahamian with an Associated Degree in
Drafting. However, the minimum requirements are a High School
Diploma and BGCSE or GCE ‘0’ level passes in Mathematics and
English Language. Applicants must have a minimum of five (5) years
drafting experience (preferably with a utility), technical studies covering
technical drawings and technical report writing and be competent in the
use of computers.

minimum 5 years prior management in a similar establishment
Excellent marine, general engineering and maintenance skills
Experienced chef or professional qualification in hotel and
catering management

Superb organisational and administrative skills

Extremely computer proficient

Highly motivated self starters who have the will and talents to
operate a challenging business in a remote location with total
autonomy

Applicants with supporting documentation including a clean Police
Certificate and proof of Bahamian citizenship should be sent to:

Remuneration package commensurate with experience, will include
competitive salary and benefits, return flights to Nassau, fully subsidised
accommodation.

THE DIRECTOR OF HUMAN RESOURCES
GRAND BAHAMA POWER COMPANY, LIMITED
P.O. BOX F-40888
FREEPORT, GRAND BAHAMA, BAHAMAS
Email: brdept@gb-power.com

Closing date for applications 04/04/2007.
H.R. Manager
Montana Holdings Ltd
P.O. Box N-9322
Nassau, Bahamas

Fax 677 3007



Deadline for receipt of applications is MARCH 31, 2007



Full Text
[ ~% #™® altarnative ||
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Energy For Everyone





The Tribune

#1 PAPER IN CIRCULATION —_
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SUNNY AND
WINDY

Volume: 103 No.104
Multi-million Hilton
marina deal ‘in limho'

SEE FRONT PAGE MUS StS SSL)









MONDAY, MARCH 26, 2007 PRICE—75¢ _

ay
Tete iich






@ MINISTER of Education, Science
and Technology Alfred Sears and the
Minister of Foreign Affairs and Fox Hil!
‘MP Fred Mitchell mark the 200th anniver-
sary of the Abolition of the Transatlantic
Slave Trade at Fox Hill yesterday.

candidates to
constituencies

ahead of election

@ By PAUL TURNQUEST
Tribune Staff Reporter



THE PLP will officially
announce its slate of candidates
tomorrow at the Radisson
Cable Beach and Resorts Ball-
room.

The governing party is
expected to contest 39 of the 41
constituencies in the next gen-
eral election. -

PLP candidates to be
announced are as follows:

Prime Minister Perry Christie
- Farm Road and Centreville

Deputy Prime Minister Cyn-
thia Pratt - St Cecilia

Minister of Financial Services
and Investments Vincent Peet -
North Andros and the Berry
Islands

Minister of Tourism Obie
Wilchcombe - West End and
Bimini

Minister of Foreign Affairs



and the Public Service Fred
Mitchell - Fox Hill

Minister of Education and
Science and Technology Alfred
Sears - Fort Charlotte

Minister of Local Govern-
ment and Consumer Affairs
Alfred Gray - Mayaguana,
Inagua, Crooked Island and
Long Cay

Minister of Agriculture and
Marine Resources Leslie Miller
- Blue Hills

Minister of Social Services
and Community Development
Melanie Griffin - Yamacraw

Minister of Health and
National Insurance Dr Bernard
Nottage - Bain and Grants
Town

Minister of Youth, Sports ani
Housing Neville Wisdom - Kil-
larney

SEE page 11

| @ By PAUL

Third protest in a month to be
held in front of The Tribune

@ By PAUL TURNQUEST
Tribune Staff Reporter



A THIRD protest in less than a month will be held in front of The

- Tribune today as members of the Concerned Citizens of the

Bahamas (CCB) seek to denounce the writings of managing editor
John Marquis.

A press release from the group’s chairman, Ricardo Smith, said

the protest, set for 1pm, is to display the CCB’s “disappointment”

in the alleged unfair, biased and “terrorist-style” reporting of Mr

SEE page 14

| e
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TURNQUEST
Tribune Staff Reporter

MINISTER of Foreign
Affairs Fred Mitchell, along
with the Minister of Educa-
tion, Science and Technolo-
gy Alfred Sears marked the
200th anniversary of the
Abolition of the Transat-
lantic Slave Trade at Fox
Hill yesterday.

In compliance with the
General Assembly resolu-
tion passed on November
28, 2006, Mr Mitchell and
Mr Sears held a small cere-
mony to observe the official
date chosen to commemo-
rate the landmark occasion.

“The reason that the date
25th March was chosen is
that today marks the date
when 200 years ago the
British Parliament passed
an act abolishing the legali-
ty of the transportation for

commercial reasons of

human beings from Africa
to the Americas to work as
slaves. Millions of people
died in the passage to the
Americas over the centuries
of this practice which has
been described as a crime
against humanity.

“Dr Gail Saunders and
other historians have noted
that ‘the Bahamas was
directly impacted by the
abolition of the transatlantic
slave trade. Writing in her
book Slavery in the
Bahamas, she notes that
some 1,400 liberated
Africans were set down on
the Bahamas after the ships
they were in were captured

SEE page 14




Body found; police
officer is stabbed









@ By ALEXANDRIO
MORLEY
Tribune Staff Reporter

THE decayed body of a
male was discovered in Grand
Bahama and a police officer
was stabbed in Nassau over
the weekend, according to
police reports.

Police said that on Satur-
day, shortly after 5pm, uni-
formed officers went to the
eastern end of Barbary Beach

after receiving information
about a “suspicious” vehicle
parked in an isolated area.
According to the report,
about 200 yards north of the
main Barbary Beach highway
police found a burgundy
coloured 1999 buick Regal
parked at the side of a paved
road with the body of a male
dressed in jeans, pants and a
black shirt slumped back in

SEE page 11

FNM claims the PLP is actively
copying their plans and visions

@ By PAUL TURNQUEST
Tribune Staff Reporter

THE PLP’s campaign strategy is to twist the facts, distort
statistics, misrepresent the FNM’s record and exaggerate their
own accomplishments in the lead-up to the next general election,
the official opposition said over the weekend.

Posted on the party’s website yesterday, the FNM’s latest
assertion is that the governing PLP is actively ‘copying the

FNM’s plans and visions to then represent them as their own on ,

the election trail. .

“In addition to naming their candidates at the last minute
and missing the constitutional deadline for making boundary
changes we hear that the PLP manifesto is way behind schedule,”

the release read.

SEE page 11

presley a SIE B

(Photo: Felipé Major/
Tribune staff)











Man is ‘critical’
after whole week
without dialysis

&@ By ALEXANDRIO

MORLEY
Tribune Staff Reporter

A MAN is in “critical” con-
dition at Princess Margaret
Hospital after receiving no dial-
ysis treatment for a whole week,
The Tribune has learned.

Last night, Mrs Patricia Col-
lie contacted The Tribune to
speak about her brother Perry
Morley, a 54-year-old diabetic
patient.

Ms Collie said he had been in
PMH from the last week of Jan-
uary due to a bacteria infection.

She said that, after he was
treated, a dialysis access tube
was taken out of his leg and she
was told it would be replaced.

“I was told by a doctor that
the temporary one was only
supposed to be in for one week,
but they kept it in for six
weeks,” Ms Collie said.

Following that, she said she
brought it to the attention of
the nurses that her brother’s leg
was swollen.

Ms Collie said the temporary
access tube was taken out of her
brother’s leg last week Sunday,
and that the hospital promised
to put in another one the fol-
lowing day.

SEE page 11





EATIUR
ae:

« Paradis:

es Field








PAGE 2, MONDAY, MARCH 26, 2007

THE TRIBUNE



Le LOCAL NEWS !

ETN oT TT ACC LC) BAPD

a — Micheline Connery, icooupanied by her husband Sir Sean Connery, presents Sir
Durward Knowles, president of the Bahamas Association for the Physically Disabled (BAPD),



with a cheque to assist the non-profit organisation to continue its work with the physically disabled
in the Bahamas. This is Lady Connery's second generous donation to BAPD. Her first donation
helped to build a playground for the children at BAPD.

(Photo: Christine Aylen)



Culture of Africa
is celebrated in
one-day festival

@ By ALEXANDRIO MORLEY

Tribune Staff Reporter

AFRICA has more to otfer
the world than just disease and
poverty, according to well-
known Bahamian architect and

musician Pat Rahming.

On Saturday, the Festival
of African Arts, a non-profit
organisation, and the African-
Bahamian Association staged
an event to “Celebrate
Africa” on the Southern

Recreation Ground.

Throughout the day, hun-
dreds of Bahamians were intro-
duced to various foods, cloth-
ing, dress, board games and art
from different countries on the
African continent.

for the event’s organisers, said
The Festival-of Arts is a

ie amas ia the on Ltd oe ae
abolition of the slave trade.

Montrose Avenue: For more than 400 years,

Phone:322-1722 * Fax:.326- Ep

LARGE SHIPMENT OB USED ¢

Europeans enslaved millions of
Africans through the transat-
lantic slave trade. It is thought
that more than 12 million
Africans were loaded on to
slave ships and that some three
million died.

After the total victory of the
Haitian Revolution in 1804, the
British realised it was a military
necessity to prevent the impor-
tation of potential African
insurgents into the Caribbean.
However, to maintain the eco-
nomic competitiveness of their
colonies, they were also com-
pelled to induce other colonial
and slave-trading powers to do
the same.

Therefore, the British cam-
paign against the slave trade by
other nations was an unprece-
dented foreign policy effort.
The United States outlawed the
importation of slaves on Janu-
ary 1, 1808, the earliest date per-
mitted by the constitution for
such a ban.

Abolition

February 23, 2007, marked
200 years - to the day - that par-
liament passed the bill to abol-
ish the slave trade in the then
British Empire. The bill went
into law on March 25, 1807.

“The continent of Africa is
the cradle of civilization and
there is a whole lot more that
we can learn from it,” Mr Rah-
ming explained.

“We have become accus-
tomed to watching television,
American media especially, and
the only references to Africa
are poverty and disease. Africa
has a lot more than poverty and
disease,” Mr Rahming said.

He said the event was intend-
ed to be a day when Bahamians
could simultaneously “explore
their past and enjoy them-
selves.”

It should be noted that the
Southern Recreation Ground
was initially established under
the aegis of Governor Sir Fran-
cis Cockburn (1837-1844) as a
place of recreation and meet-
ing for the newly-freed popula-
tion of Nassau.

The ground was a central
gathering spot for black
Bahamians from its establish-
ment during the emancipation
period until the achievement of
majority rule in 1967, hosting
such luminaries as Marcus Gar-
vey, Adam Clayton Powell and
Martin Luther King Jr.



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THE TRIBUNE



6 In brief

Police officer
treated in
hospital for
neck injury

AN off-duty police officer
was attending a function in Nas-
sau Village on Saturday night
when he was injured by another
male with a box-cutter.

The officer was stabbed in the
neck and taken to hospital
where he was treated and dis-
charged.

Police said a 33-year-old man
was charged with the matter
and is in police custody.

Man is held
after officers
discover
handgun

ON Saturday around 2.30am
officers of Operation Quiet
Storm patrolling the Marlbor-
ough Street area heard gun-
shots. They apprehended a 29-
year-old man in a Toyota Corol-
la.

Officers found a .38 handgun
with three live rounds of ammu-
nition on the man, who was
arrested and is in custody.

Man arrested
by police
after armed
robbery

ON Saturday around 5am a
male was robbed in the Kemp
Road and Wulff Road area.

Two males robbed the man
with a handgun and fled with
$150 cash and other items.

‘ Police said that about an hour
later an employee of Jackie’s
Beauty Salon on Chesapeake
Road was approached by two
males fitting the same descrip-
tion.

‘, The men tried to rob the
woman but were unsuccessful
(and fled on foot. Shortly after
‘that, officers from Wulff Road
police station arrested a suspect.

Four nations
to split sugar
quota from
St Kitts

lm GUYANA
Georgetown

FOUR Caribbean nations
will divide a sugar trade quota
surrendered by St. Kitts when it
shuttered its operations follow-
ing deep subsidy cuts by the
European Union, the industry’s
regional spokesman says,
according to Associated Press.

St. Kitts’ production quota of
14,145 metric tons will be split
among Guyana, Jamaica, Belize
and Barbados, Guyana’s For-
eign Trade Minister Henry Jef-
frey said. The exact ratio has
yet to be determined.

Jeffrey said the decision was
made at an African, Caribbean
and Pacific trade group confer-
ence, known as ACP, earlier
this month in Belgium, during

_ which the EU and its former
colonies were expected to dis-
cuss how to meet a World
Trade Organization deadline to
complete regional free trade
pacts.

“T am elated at the agree-
ment,” Jeffrey said, calling the
support the region received
from African and Pacific
nations “a significant act of sol-
idarity.”

The Caribbean had lobbied
African and Pacific member
nations to allow St. Kitts’ quota
to be shared among regional
producers ever since that island
nation’s sugar operations closed
in 2005 after nearly 400 years
of production.

St. Kitts said high production
costs and EU subsidy reduc-
tions of 36 per cent made it
impossible for their sugar indus-
try to survive.

The EU imposed the cuts fol-
lowing a complaint to the WTO
by rival sugar producers over
the ACP nations’ preferential
access to markets.

The Caribbean exports more
than half of its annual produc-
tion of roughly 589,670 metric
tons of sugar to the EU mar-
ket.

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MONDAY, MARCH 26, 2007, PAGE 3

Family of Deron Bethel still

ant answers one year later

Police blamed for death
of 20-year-old: mother
demands justice



@ By ALEXANDRIO MORLEY
Tribune Staff Reporter

THE FAMILY of a young
man who was allegedly shot to
death by a police officer told
The Tribune last night that
they were still awaiting “jus-
tice and an answer” as they
marked the first anniversary
of his death.

Yesterday, a memorial ser-
vice for Deron Bethel was held
at Baptist Bible Church on Sol-
dier Road.

In May, 2006, more than 100
police officers turned out on
Bank Lane, demanding that
authorities reverse a decision
to forward a police shooting
case to the magistrate’s court.

The officers’ protest was
timed to coincide with the
expected appearance in court
of Constable Nathaniel Char-
low, who was reportedly sched-
uled to be charged with
manslaughter.

The matter stemmed from
the shooting of Deron Bethel,
20, in Pinewood Gardens.
Bethel was shot to death under
unclear circumstances on Mon-
day, March 27.

Witnesses said the shooter,
who was dressed in plain-
clothes and riding in an
unmarked car, only identified
himself as a police officer after
having allegedly shot Bethel.

Since the shooting, Diana
Bethel, the young man’s moth-
er, has called for justice and

s 2 8 © @ @ @ 9 @

Cushions

answers.

An autopsy revealed that,
while initial reports suggested
only a single shot was fired,
Bethel was shot three times,
each one potentially fatal.

A coroner’s inquest into the
death was expected to take
place, but it soon emerged that
the Attorney General’s Office
had forwarded the matter to
the magistrate’s court.

Mr Charlow’s attorney,
Desmond Bannister, said the
shooting occurred while police
were on the job investigating a
complaint by a young woman
who had reported that she had
had a gun held to her.

The attorney accused the
attorney general, who is also
MP for Pinewood, of respond-
ing to constituent concerns.

If Mr Charlow was charged
with manslaughter before a
determination from the coro-
ner’s court, Bannister said, "It
would be a very unfortunate
day in the Bahamas."

Shortly after the shooting,
Attorney General Allyson May-
nard-Gibson said: "The [ques-
tion of a] cover-up came from
my own community; people are
very, very concerned about
shooting incidents, especially
when they involve the police...
and we will be sure that they
are all, every single one of them,
thoroughly investigated."

‘During an exclusive inter-
view with The Tribune yester-
day, Ms Diana Bethel said she

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@ PALLBEARERS carry
the coffin of Deron Bethel
last year

had cried every day since her
son’s passing.

“The public needs to know
that I am still angry and am
still looking for justice and an
answer,” Ms Bethel said.

“My son could have been
alive today if only they (the
police) had known who they
were looking for, but they did-
n’t know.”

Asked if there had been any
developments, she said the mat-
ter was to be heard in the mag-
istrate’s court, where it will be

. decided if the case is to be trans-

ferred to the Supreme Court.

“T have a baby right here
crying, and he will not get the
chance to know his father and
his father will not know him,”
she said.







is Ms = Rae Bw ben

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Ns Ta
PAGE 4, MONDAY, MARCH 26, 2007

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE





The Tribune Limited

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

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

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

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

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

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

Publisher Edior 1972-

Published Daily Monday to Saturday

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

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



Disappointments of the Prime Minister

PRIME MINISTER Christie is disappoint-
ed that he was unable to achieve more during
his term in office. Aren’t we all.

“[’m disappointed in the slowness of the
realisation of the PLP’s vision for the country.
The major disappointment I have is that I
could have done more,” he said on a radio
talk show last month.

However, he said, he was extremely pleased
with the level of investment attracted to the
Bahamas during his administration.

He said that at this election — due before
May 22 — his government was going to the
Bahamian people on its record. According to
him it was a record that has shown achieve-
ment that has touched all islands and every

Bahamian positively. He is obviously talking ~

about his anchor projects. However, many of
them are still at the heads of agreement stage
and some of those that have been started are
sending out troubling signals.

On March 11 last year Mayaguanians were
celebrating the signing of the heads of agree-
ment for the beginning of a $1.8 billion invest-
ment over the next two decades by the I Group,
which plans to turn Mayaguana into the
Bahamas’ next free trade zone. It was reported

at the time that the I Group was marketing its ..

development based on the construction of the
“world’s longest runway.” I Group president
Stephen Roy told the press at the time that he
wanted to land an airbus at Mayaguana once
the 7,000-foot runway had been completed. A
harbour is to be dredged to accommodate
major cruise ships, and a canal also will be
dredged for yachts. The Group has also entered
into a joint agreement with the Bahamas Hotel
Corporation for the building of a resort area.
There also will be a residential community.
At the time — March, 2006 — Mr Roy’s
assessment of the Bahamian people working
on the project was that they were “energetic
and committed to seeing their island succeed.”
Asked for their opinion on I Group’s project
many Mayaguanians took a cautious wait-and-
see attitude. They said they were excited about
the new venture, but wanted to wait and see
how I Group president Roy’s “vision unfolds.”
Now a year later — March 20 — reports
reaching The Tribune from Mayaguana claim
_ that the island is “on the brink of civil unrest.”
This might or might not be an exaggeration,
but whatever the facts, elections are appar-
ently starting to interfere with the smooth run-
ning of I Group’s project. It is claimed that
known FNM supporters are being fired from

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the resort development “to fall in line with
the PLP’s wishes.” Five islanders claimed that
this was the reason for their firing, and blamed
it on their MP Alfred Gray and the island’s
commissioner.

On the floor of the House last week Mr
Gray denied their complaint. He also denied
that there was any political victimisation at
the island or on the I Group job site.

Mr Christie said he wanted to have Royal
Oasis at Freeport, from which so many
Bahamians lost their jobs when it closed,
opened a year ago. In almost every mention he
makes of the Royal Oasis, his government is
always “moving to a final resolution.” As
month drags after month, the “final resolu-
tion” seems no nearer than when Royal Oasis
closed its doors.

He also wanted to have a new straw market
completed in downtown Bay Street two years
ago. However, his government only got around
to signing a contract for its construction on
February 16 this year.

In 2006, he said that his government had
laid the foundations for a programme on
national health insurance. It is true that his
government proposed a health insurance plan,

but it is such that in its present form it would .

break the economy and only compound the
present inferior health service available at the
government hospital.

Again last year, in his progress report to
the nation at a PLP mini-convention, he said:

“We pledged that integrity would be the
watchword of our administration and that we
would serve the Bahamian people honestly,
unselfishly and tirelessly — so said, so done.”

It might have been “so said”, but, in the
light of all the scandals, starting with the Kore-
an boats fiasco, during his administration, it
certainly cannot be signed off as “so done.”

And now government has a dispute with the
Baha Mar development, for which heads of
agreement were signed in 2005, and which was
expected to have been well underway by now.
Apparently talks were not concluded on a sup-
plemental heads of agreement for the $2.4 bil-
lion project by the March 1 deadline, thus
jeopardising Baha Mar’s agreements with a
potential partner.

No wonder Mr Christie wishes he had done
more. Many heads of agreement have been
signed, and much sod has been turned over for
the breaking of ground for new projects, but
other than Atlantis Phase III, nothing as yet
seems to have sprung from the ground.












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Ignore Ricardo

Smith: leave

>

Marquis alone

EDITOR, The Tribune

THE recent protest in front
of The Tribune is proof that
democracy lives. This, even
though some may differ, is
exactly why everyone’s right to
express their opinion must be
guarded by the state. This also
proves that just like everyone
must have their say and should
be respected, the press which is
the Fourth Estate must not be
intimidated when _ the
“TRUTH”, regardless of who
the topic is about, is reported.

There is great similarity of
the pattern of the protesters
especially one in particular.
Ricardo Smith is the same per-
son who tried unsuccessfully to
destroy the FNM. This same
gentleman was a part of a pres-
sure group that tried on numer-
ous occasions to “strong arm”
the FNM, and when he was
totally ignored he disappeared.
He like a spoiled child if he can-
not have their way took his
marbles, and “game come”.

Mr Smith’s reputation is that
his voice must be the loudest,
in an effort to frighten or intim-
idate, but in most cases, he is
unable to achieve his goal. In
my opinion he is a mercenary
and will go to the highest bidder.

LETTERS

etters@tribunemedia.net



He has recently found refuge in
the bosom of the PLP and has
secured a substantive position
on one of the campaign teams
and will destroy anything in his
way toward earning his pay.

Bahamians know Ricardo
Smith. He is the same one who
said he will bring professional
basketball to the Bahamas, with
much fanfare. But no one
believed him then and no one
believes him now. Par for the
course.

Political mercenaries are
jumping from pillar to post try-
ing to see who they can “suck”.
They are unscrupulous and
have no shame. They would
fabricate stories and look you
in the eye and swear it is true.
They simply cannot be trusted.
The PLP will soon find out.

So the protest at The Tribune
even if it had merit was com-
pletely dispelled because it was
led by a character who no one
in the basketball world and on
the political front, trust. The
PLP, if they were smart would
not allow Mr Smith to get too

close. They will feel his wrath
soon. It-is believed that he is
only carrying out the wishes of
one who does not have the guts
to address the press, namely
The Tribune; especially since
history has shown him to be a
hypocrite. So, in my opinion,
Mr Smith is nothing more than
a hired gun, nothing more noth-
ing less.

As far a Mr Marquis of The
Tribune is concerned, he should
not be concerned because he
has a tremendous following,
who cannot wait to read his
next column. Bahamians know
truth when they see it. Threat-
ening Mr Marquis only com-
pounds the situation, because
obviously, he is not a weak indi-
vidual. It takes tremendous
courage for him to write the
way he does, and honest
Bahamians should collectively
congratulate him for a splendid
job. If we had more journalists
with half the courage, more of
these half baked stories would
not see the light of day. Simi-
larly, many public figures would
not be able to hide behind the
press.

WHITNEY ROLLE
Nassau
March 22 2007

Help is needed for former
Gladstone Farms workers

EDITOR, The Tribune

TO anyone who can help:

There is a situation in our
country today that many of us
believed had been resolved, but
it is still there and hurting some
of our brothers and sisters. Sev-
eral years ago Gladstone Farms
Ltd went into receivership. The

_ receivers told the workers that

they were not entitled to any-
thing and they were not given
any kind of compensation for
the years that many of them
worked at Gladstone. Some of
them past thirty years.

It is my understanding that the
employees below management
level were in a union and they
were waiting for the union to do
its job and look after their inter-
est. At that time the union exec-
utives said to the workers that
by the Bahamian laws they were
entitled to some sort of compen-
sation and they vowed to get it
for them. Time went by and the
union seemed to forget about the
workers and their plight and did
not tell the workers if they were
getting anything or not. They
were supposed to be responsible

NOTICE

NOTICE is hereby given that TRACY ANN BLAIR COAKLEY
OF 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 19th
day of March, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.





people looking after the interest
of people who were paying them
with their union dues to do just
that. That situation should have
been closed a long time ago, even
if it was not in the workers’
favour; but the last thing that the
workers heard was that the union
would get some compensation
for them and they are still wait-
ing.

Sometime later after the
union appeared to have given
up on the people who were pay-
ing them, the Prime Minister
heard about the Gladstone
Farm workers situation and
made a positive announcement
saying to the news media “Glad-
stone Farm workers would not
be left on the rocks”. The
employees were given a ray of
hope and they waited for the
Prime Minister to check for their
well being but it appears that he
forgot the workers and their
plight and nothing was said
about it anymore by the Prime
Minister. He, just like the union
bosses left the workers hanging,
or, better yet, under the rocks.

This was one mistake that the
Gladstone employees made.
They left situations in the hands
of the Government to work it
out for them. Nothing hap-
pened as usual. The Govern-
ment works for some of its citi-
zens and doesn’t even think
about others. To get something
that belongs to you from the

ee PTE ae

re Paint nN
ipyederoys -



Government you have to fight
for it. If you look around the
country today you would under-. -

- stand why there are so many

industrial. actions against the
Government. The Minister of
Agriculture cared less about the
poultry industry, which falls
under his ministry, and the Min-
ister of Labour was worse.

Another disheartening blow
to the employees soon followed.
After the episode with Glad-
stone Farms employees, a hotel
in Grand Bahama closed its
door under similar conditions.
The Government quickly
worked out something for the
hotel workers there, but still
would not say anything to the
Gladstone employees; even if
they had to say I can’t help you.
At least they would not have to
be looking and hoping. It
appears that the hotel workers
were more important than the
poultry workers even though
they all pay taxes, they all have
bills, they all have families, they
all could vote and they are
Bahamians looking for help.

When a Government that
was elected to serve the people
leaves you under the rock, what
can you do? Someone help
those workers.

GLADSTONE FARMS
FORMER EMPLOYEES
Nassau

February 2007

CNTPuer Seo 4
Mntity nt Experts

qt
i

eet

eer, OS i
i GLOBAL TILE IMPORTS LTD. |
THE TRIBUNE MONDAY, MARCH 26, 2007, PAGE 5

© inbrief New drug claims



Three men

i d @ ©
questione, On Daniel Smith
shooting 2

FREEPORT -—- Grand ON the eve of the long-

Bahama police are questioning
three men in connection with a
drive-by shooting last week
which left one man in serious
condition at Rand Memorial
Hospital.

Chief Supt Basil Rahming
said a 23-year-old resident of
South Bahamia, a 22-year-old
resident of East Beach Drive,
and a 22-year-old resident of
Maliboo Reef are assisting
police with investigations into
the shooting incident at Mali-
‘boo Reef.

He said the shooting victim,

Deon Darling, 27, of Farnham
-Crescent, is detained in hospital
in serious condition with gunshot
wounds to the left upper arm.
. According to reports, police
zteceived a call at about 7.05pm
on March 22 from a resident of
Maliboo who reported hearing
gunshots being fired, and seeing
-a white car speeding away from
.the area.

A number of police units
were dispatched to investigate.
»While en route, officers received
information that a man suffering
from a gunshot wound had just
been brought to the hospital.

i Darting told officers that he
-was in the Maliboo Reef area
‘inside a blue Nissan Maxima,
talking with a friend, Kareem
Styles, 22, of Pioneers Way,
‘when a white Audi car with
three male occupants pulled up.

He said two men got out of
the vehicle with handguns and
opened fire. He and Styles
pulled off when one of the bul-
lets struck Darling in his arm.

Supt Rahming said Darling’s
condition is described as seri-

awaited inquest into Daniel
Smith’s death, astonishing
claims are emerging about the
true level of drugs in his body.

One American newspaper
is even quoting Nassau
sources as saying that the orig-
inal autopsy results were later
“faked” in a clumsy bid to
blur the true extent of drug
ingestion.

In fact, the National Enquir-
er says the drug level in
Daniel’s body was ten times
more than first reported,
heightening speculation over
the source of the methadone
he took shortly before his
death.

The Enquirer’s claims came
as Chief Magistrate’ Roger
Gomez prepared to open an
inquest which could hear up to
40 witnesses over the next
week or so.

He will be trying to estab-
lish whether Daniel, who died
at his mother Anna Nicole
Smith’s bedside at Doctors
Hospital last September 10,
was the victim of an accident,
suicide or homicide.

After Daniel’s death, no
official toxicology reports
were ever released. Nor were
the autopsy findings.

The Bahamian public had
to rely on private pathologist
Dr Cyril Wecht, hired by
Anna Nicole herself, to reveal
that Daniel had a “toxic”
cocktail of methadone and
anti-depressants in his system
at the time of death.

The Enquirer, however, is
predicting that doctors will tell
the inquest that there was so

American media reports levels
ten times that first reported
and original autopsy faked

who’ve learned about Bahami-
an toxicology testing on Daniel
believe his death couldn’t have
been an accident - the only pos-
sibilities are suicide or mur-
der.”

The paper says tampering
could have taken place without
the knowledge of the authori-
ties. :
It even speculates that there te
will be a call for exhumation of
the bodies of Daniel and Anna
Nicole, now lying side-by-side
at Lakeview Cemetery.

With the paternity of Anna
Nicole’s daughter Dannielynn,
ownership of her home Hori-
zons, and the cause of:
Daniel’s death all to be deter-
mined in Nassau, it’s likely the
world media spotlight will fall
on the Bahamas for weeks to
come,

A media observer said last
night: “Once the paternity and
home ownership issues are out
of the way, the full glare of pub-
licity will fall on the inquest.
That’s when things will really
get interesting.”

Among witnesses to be called
will be Howard K Stern, the
lawyer who claims to be Dan-
nielynn’s father.

He will be asked, under oath,
to describe the exact circum-
stances surrounding Daniel’s

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B@ DANIEL Smith

entities” behind the backs of
local pathologists “to obscure
the facts and create contfu-

ous. He said police retrieved a much methadone in his body _ sion.” death on that fateful Sunday
ans of spent rie ne that it couldn’t have been an l morning.

om the scene in Maliboo Kee accident. 4 He, Anna Nicole and
and impounded the Maxima. And the paper quotes Nas- Toxico Osy Daniel were said to be the

St Lucia to

sau “insiders” as saying that
the government’s autopsy
results were later faked in “an
act of sabotage by unknown

The Enquirer quotes a
source close to the investiga-
tion as saying: “Doctors

only three people in the room
at the time.

There will also be evidence
from police, doctors and wit-

-hold talks
with Taiwan
-delegation

‘m STLUCIA
Castries

nesses from within Doctors
Hospital itself.

The inquest is due to get
underway tomorrow.



NOTICE

WE HAVE MOVED

LIFE CHIROPRACTIC
CENTRE GI

has moved to the REAR |
of our former office

#7B Village Road _

Phone: 393-2774 —
Fax: 394-3067

“© ST Lucia has irritated China .
- by announcing trade talks with
va high-level delegation from
» Taiwan.
.. St Lucia’s foreign ministry
y Said it has agreed to meet soon
«with a delegation led by Tai-
‘iwan’s Foreign Minister James
» Huang to discuss “cooperation
‘iand mutual interests,” prompt-
.ing a formal protest from Chi-
onese Ambassador Gu Huaming.
+) Although Taiwan is self-gov-
-erning, communist Beijing
»insists the island that broke
daway amid civil war in 1949 is
«part of China. China and Tai-
..wan both engage in “dollar
» diplomacy” to win diplomatic
alliances with other nations by
-} offering aid and assistance.

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PAGE 6, MONDAY, MARCH 26, 2007

THE TRIBUNE



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A DAY of fun and learning
activitiers is promised at the
Bahamas Natinal Trust Spring
Fling on Saturday, March 31.

The event sponsored by Ken-
tucky Fried Chicken, Burger
King and Quiznos will take
place at The Retreat on Village
Road from 11:00 am — 5pm.

As well as the “Old Time
Games Area” where children
can play hopscotch, jump rope,
hula hoop, marbles and jacks,
a children’s crafts area will pro-
vide a creative outlet for the
aspiring artist, and special edu-
cational wildlife exhibits by
Ardastra Gardens and Zoo
from noon until 3pm. A sur-
prise Easter Egg Hunt is also
planned for children eight and
under.

Artisans will be display ing
their work and young business-
es will be on hand to promote
their products. If you are in the
market for jams and jellies, Ma
Wells, Bahamabee and Ena’s
Kitchen will be happy to fill
your basket. For those looking
for that special necklace or ear-
ring to wear on Easter Sunday,
Spring Fling will have an amaz-
ing selection of designer jew-
ellery from Sherlene Blackwell,
Judy Reavey, Dagny Drudge
and Marcella Dean. Christina
Maillis will be on hand with her
wonderful sayings and Banana
Leaf Creations and Fran Outten
of Floral Treasures will have
the perfect spring wreath or
arrangement for your home.
Glenda Pennerman of Smart
Kids Bahamas will have an
array of educational games, toys
and books designed for fun but
also providing a learning expe-
rience as well.

Starbucks will hold a tasting
booth from 1-3pm.

Food and refreshments will
be available from Philipino
Delights, Milano Bistro, South
Andros Delights, Original Crab
House and desserts from Kadie
Mills and Sweet South.

Gardeners will have an
opportunity to purchase palms
from The Retreat Garden and
Retreat curator Tanya Fergu-
son will be on hand to give tips
on how to make these tropical
gems flourish in your garden.
Patricia Cartwright of the
Green House Nursery will have



year’s Spring Fling



@ MEETING an Ardastra Gardens and Zoo resident at last

i CHILDREN enjoy themselves playing games

an assortment of plants that will
bring Spring to your home and
garden.

The Godfrey Higgs Pavilion
will be the centre of the Spring
Fling with educational talks,
adult ccrafts and gardening
workshops taking place
throughout the day.

11.30am Native Plant Propa-
gation by Shenique Albury

12.30pm Low Maintenance
Landscaping with Tim Bethel
of Terrain Design ©

1.30pm Creating a Herb Gar-
den in a strawberry pot, facili-

BAHAMAS ———



Oy

[ —— LIMITED

RETAIL OPERATIONS CONSULTANT

tated by the Nassau Garden
Club

2.30pm Tile Art: Create a
fun piece. out of tile and sea
glass

3.30pm Create Your Own
Stepping Stone facilitated by
Kathy and

The afternoon’s fun will end ~

with a special dog agility
demonstration by the Nassau

- Obedience and Agility Club at

4pm.

All proceeds from the event —

go to support The Bahamas
National Park system. _ i

Bahamas Supermarkets Limited operates a leading supermarket chain in The Bahamas. As a market
leader, the Company prides itself on delivering premier service through its City Market supermarkets,

having a strong commitment to its customers, associates and community.

An opportunity for a Retail Operations Consultant to join this market leader has arisen.

a

Reporting to the CEO, the successful applicant will have previous experience in development and
implementation of systems and strategies designed to improve Supermarket operating standards,
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environment. Key selection criteria include:

Sound technical and practical experience in all Supermarket operations
Intricate knowledge of and experience in implementing an SMS (Store Management Suite) retail

system

Strong business acumen with the ability to creatively solve problems
Ability to evaluate and modify all buying and replenishment systems

Manage relationships within the business encompassing budgeting, forecasting and sales

objectives

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If you have what it takes to succeed in this challenging role, forward your resume and cover letter to:

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East-West Highway
P.O. Box N 3738
Nassau, Bahamas
Or e-mail to

humanresources @bahamassupermarkets.com

No telephone inquiries please





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THE TRIBUNE

MONDAY, MARCH 26, 2007, PAGE 7





Lyford Cay Foundation announces
COB scholarship for Inagua student

Gift from Erickson Estate

THE founding family who
revived the salt industry in
Inagua is turning its love of
the island and belief in its peo-
ple into tangible benefits,
endowing a $4,000 per year
scholarship to the College of
the Bahamas for a student
from Inagua.

Announcement of the gen-
erous gift from the estate and
family of the late A W (Bill)
Erickson was made by the
Lyford Cay Foundation. The
first scholarship will be avail-
able for the 2007/2008 acade-
mic year.

“We are very pleased to
report that the Lyford Cay
Foundation has received a
very generous gift toward our
College of the Bahamas Schol-
arship Fund from the estate of

’A W Erickson and his three
children to establish the Erick-
son Family Scholarship for stu-
dents from Inagua studying at
the College of the Bahamas,”
said foundation director of
educational programmes
Roger Kelty.

“Bill Erickson’s children
speak fondly of their memo-
ries of Inagua and their desire
to make a significant and last-
ing contribution to the Inagua
community. Through their gift,
they will continue to impact
the lives of Bahamians from
Inagua.”

COB president Janyne Hod-
der called the gift “a wonderful
demonstration of how people
become involved in a commu-
nity.”

She added: “Wherever they
are from, they will get engaged.
and help that community

ow.”

She said behind every schol-
arship lies a powerful person-
al story. “I always tell every
recipient when they have a
scholarship, ‘think about the

people who gave it.’ It’s really ‘

about the people.”

The Erickson Family Schol-
arship is no exception — the
lives of the benefactors were
the stuff of books about island
pioneers.

More than 70 years ago,
young Jim Erickson, a Har-
vard graduate taking a year’s
business course at MIT, visited
the Bahamas and became fas-
cinated with the salt pans of
Great Inagua, defunct since
after World War One.

Driven by the idea of reju-
venating the industry, he per-
suaded his two brothers, Bill
and Doug, to join him. With
financing from their parents,
the three Erickson brothers
bought a large piece of land,
which included Salt Pond Hill
and its adjacent 12-mile long
lake, where salt could be har-
vested from the shallows.

They named their company
West India Chemicals Limited
and each of the brothers even-
tually married and had chil-

TROPICAL
EXTERMINATORS

TRAE TH
PHONE: 322-2157



ER es

MONDAY,
MARCH 26TH

6:30amBahamas @ Sunrise - Live

11:00 Immediate Response

12:00 ZNS News Update (Live)

12:05 Immediate Response

1:00 Legends: Marjorie Davis

2:00 One Cubed

2:30 Turning Point

3:00 Dr. Jamal Bryant

3:30 Bishop Neil Ellis

4:00 Lisa Knight

4:30 Cybernet

5:00 ZNS News Update

5:05 This Week In The Bahamas

5:30 My Home

6:00 Gospel Grooves

6:25 Life Line

6:30 News Night 13 - Freeport

7:00 Bahamas Tonight

8:00 You & Your Money

8:30 Church of God in The

Bahamas: 86th Annual
National Convention

10:30 News Night 13

11:00 Bahamas Tonight

12m/n Immediate Response

1:30amCommunity Pg. 1540AM

NOTE: ZNS-TV 13 reserves the
right to make last minute

programme changes!

































dren, making Inagua their
home.

Bill Erickson’s daughter,
Louise Ulbrich, recalled child-
hood memories and said grow-
ing up in Inagua prepared her
for her present life on a farm
in remote Warren, Maine.

Taken to Inagua as a new-
born, she remembered early
years without basics like run-
ning water on the island, but
any hint of hardship was com-
pensated by an environment
of trust where no one locked
doors and there was never a
sense of fear. Occasionally,
however, a feeling of loneli-
ness would set in as one cousin
or another left for a high
school education abroad. Like
her cousins, Louise left island
life for the States as she
entered high school, but not
before she had learned how to
drive a salt truck.

Early childhood in Inagua
moulded the family’s strength
and character.

“The island community of
local Bahamians, Haitians,
people from Stateside and
Turks and Caicos Islanders
who came over to work, nur-
tured us. Inagua continues to
be our common point of ref-



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Salt in 1955. Now, in tribute to
the fond memory they hold
for Inagua, the family has
made a $4,000 per year schol-
arship available to a student
from Inagua to attend the Col-
lege of the Bahamas.

erence, and to avail an Inagua
student of the opportunity for
further education expresses
our gratitude to the people of
Inagua.

“We all grew up with the
needlepoint our great great-
grandmother made in 1823:
‘Labour for learning before
thou art old; For learning is
better than silver or gold’ and
I think that inspired us, too.”

The Erickson brothers sold
to Morton Salt in 1955, 20
years after they began the
business that revitalised the
economy of Great Inagua.
Seven decades later, they are
putting the words of their great
great-grandmother’s sampler
to work for Inaguans. Schol-
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In Association with

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the INassau |*lusic Society

Present

~ Job glimess Wieles

Friday, March 30th, 2007 7 Saturday, March 31st, 2007
St. Paul's Church Hall St. Andrew's Kirk
8:00 P.M. 8:00 P.M.

: $25. : $10.0
Members: $25.00 Non-members: $35.00 Students: $10.00

The Albek Trio Will Perform Works By:
Mozart + Shostakovich ° Falla > Smetna

Reservations and Tickets Available at:

A.D. HANNA & CO., Deveaux Street - 322-8306

_ STAR GENERAL, Marathon Road - 393-5529
MOIR & CO., Lyford Cay Shopping Centre - 362-4895

and View the Programme at www.nassaumusicsociety.org —




PROSPECTUS
THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS
BAHAMAS REGISTERED STOCK 2026 AND 2027
ISSUE OF B$50,000, 000.00

Issued under The Bahamas Registered Stock Act, and authorized by Resolutions of the House of
Assembly, 21st June, 2006.

Applications will be received by The Banking Department beginning at 9:30 am on 16th March, 2007 and
will close at 3:00pm on 26th March, 2007. Allocations will commence at 9:30 a.m. on 27th March, 2007 and
will cease at 3:00p.m. on 28th March, 2007.'

If the total subscriptions exceed the sum of B$50,000,000.00 (Nominal) partial allotment will be made to
subscribers, and a proportionate refund will be made as soon as possible after allotment. No interest will be
paid on amounts so refunded.

The date of this Prospectus is 15th March, 2007

The Government of The Commonwealth of The Bahamas invites applications for Bahamas Registered
Stock totalling B$50,000,000.00. The Stock will be available in a range of maturity dates; the earliest being
repayable in 2026 and the latest in 2027. The total amount of Stock offered, the rate of interest and the issue
Price are given below :- :

Issue
Amount Price
BS BS
25,000,000.00 100.00
25,000,000.00 100.00
50,000,000.00

Rate Of Interest

9/32% Above Prime Rate
5/16% Above Prime Rate

Bahamas Registered Stock 2626
Bahamas Registered Stock 2027

The Stock-shall be repaid on 28th March, in the year appearing in the name of the Stock.
INTEREST

The Stock will bear interest from 28th March, 2007, at the rate shown against the name of the Stock as the
percent per annum over the Prime Rate (i.e. the prime commercial interest rate from time to time fixed by the
Clearing banks carrying on business in the Island of New Providence in The Bahamas. If there shall be any
difference between them, then that which is fixed by Royal Bank of Canada). Interest shall be payable half-
yearly commencing on 28th September, 2007 and thereafter on 28th March and 28th September in every year
until the Stock is repaid.

CHARGE UPON CONSOLIDATED FUND

The principal monies and interest represented by the Stock are charged upon and payable out of the
Consolidated Fund and assets of The Commonwealth of The Bahamas.

SUPPLEMENTARY PROVISIONS

The Stock will be issued by the Registrar (The Central Bank of The Bahamas).
Applications will be received by The Banking Department beginning at 9:30 am on 16th
March, 2007 and will close at 3:00 pm on 26th March, 2007. Allocations will commence
at 9:30 a.m. on 27th March, 2007 and will cease at 3:00p.m. on 28th March, 2007. All
envelopes enclosing applications should be labelled “Application For Bahamas
Government Registered Stocks”.

Issue of Stock

Units The Stock will be in units of B$100.00.

Applications Applications must be for B$100.00 or a multiple of that sum.

Application Forms Applications for the Stock should be made to the Registrar on the form attached to the
Prospectus and may be obtained from the Registrar offices in Nassau and Freeport, The
Treasury Department (Marlborough Street & Navy Lion Road, Nassau) or any of the
following banks:

Bank of The Bahamas International

First Caribbean International Bank (Bahamas) Limited

Finance Corporation of Bahamas Limited

Commonwealth Bank Limited

Royal Bank Of Canada

Scotiabank (Bahamas) Limited :

Fidelity Bank (Bahamas) Limited (formally British American Bank(1993)
Limited)

Citibank, N.A.

PUBLIC DEBT

Provisional estimates from the unaudited accounts as at December 31, 2006 show the Public Debt of The
Bahamas to be B$2,880,739,000.*

GOVERNMENT REVENUE AND EXPENDITURE

The following information is extracted from the unaudited accounts of the Government of The
Commonwealth of The Bahamas.

FY2005/2006p** FY2005/2006p** FY2006/2007p**
BS BS BS
Approved Budget Approved Budget
”
Revenue 1,221,454,000 1,132,774,000 1,338,971,000
Recurrent Expenditure (excluding

Repayment of Public Debt) 1,149,582,000 1,145,691,000 1,269,560,000

Capital Development
Expenditure (excluding loans
contributions and advances
to public corporations) 123,454,000 132,901,000 162,356,000

‘ ** Provisional estimates from the unaudited accounts.

* — The Public Debt amount is inclusive of The Public Corporations contingent liability which as at

December 31, 2006 totalled B$499,067.000.



PAGE 8, MONDAY, MARCH 26, 2007

THE TRIBUNE





The Caribbean and

future prospects

@ By Sir Ronald Sanders

(The writer is a business
executive and _ former
Caribbean diplomat)

N the year marking the
200th anniversary of the
British act of parliament abol-
ishing the trade in African

and their buying power, if
managed and focused, could
have a marked influence on
the scale of trade between



The terrible
underdevelopment
that Africa

slaves, representatives of suffered from the

African and.Caribbean gov-
ernments will hold a Confer-
ence in South Africa between
Africans and their Diaspora
in the Caribbean.

The South Africa confer-
ence is a follow-up to an initial
conference held in Jamaica in
2005 when it was generally
recognised that there could be
a benefit for Africa and the
Caribbean if links could be
developed in a wide range of
areas.

It would be good for Africa
and the Caribbean if the rep-
resentatives of the wider
African Diaspora in Latin
America, North America and
Europe are invited to attend
the South Africa meeting. As
an economic group within
their own countries, the
African Diaspora — meaning
all people of African descent,
not only recent African
migrants — are significant,

IE GOV.

The Registrar

slave trade and
continues to suffer
today from
disadvantageous

terms of trade
could be markedly
improved by a
deliberate policy
of the African
Diaspora to buy
African.



Africa and major parts of the
world.

The terrible underdevelop-
ment that Africa suffered
from the slave trade and con-
tinues to suffer today from dis-
advantageous terms of trade
could be markedly improved

by a deliberate policy of the

African Diaspora to buy

African. a
But, that is another story.

hen the confer-

ence is held in
South Africa, it will have a
proposed plan of action in a
number of areas that could be
beneficial for Africa and the
Caribbean if they are imple-
mented. Among those areas
are the following:

¢ Economic cooperation,
including commodity pricing,
investment patterns and trade
issues at the World Trade
Organisation, and the impact
of globalisation:

e Health issues, including
dealing with Malaria/ Sickle
Cell Anaemia/TB and
HIV/Aids; exchange pro-
grammes for nurses and doc-
tors; and cooperation in the
areas of medical research;

e Transportation and Com-
munication Links to promote
greater physical contact
between Africa and the
Caribbean.

These three areas alone
would be a major advance for
the people of Africa and the
Caribbean.

In the area of health, med-
ical research into diseases that

MMONWEALTH OF THE BAHAMAS

BAHAMAS REGISTERED STOCK 2026 AND 2027

FOR OFFICIAL USE ONLY
APPLICATION No.
ALLOTMENT No.

DATE:

c/o The Central Bank of The Bahamas

P. O. Box N-4868
Nassau, Bahamas.

Sir:

I/We hereby apply for the following amount of Bahamas Registered Stock:

9/32% Above Prime Rate
5/16% Above Prime Rate

Insert below the amount applied for

and undertake to accept any less amount which may be allotted to me/us.

Y/We enclose BS

Bahamas Registered Stock 2026
Bahamas Registered Stock 2027

in payment for the Stock applied for.

In the event of the full amount of Stock(s) applied for above is/are not allotted to
me/us, I/we request that the sum refundable to me/us be applied for the following Stock:

% Bahamas Registered Stock
% Bahamas Registered Stock
% Bahamas Registered Stock
% Bahamas Registered Stock
% Bahamas Registered Stock
% Bahamas Registered Stock

PAYMENTS CAN BE MADE VIA RTGS SYSTEM THROUGH ALL COMMERCIAL BANKS
EXCEPT FINCO, BY BANK DRAFTS PAYABLE TO THE CENTRAL BANK OF THE BAHAMAS

AND BY CASH.

1. (One Person)
Ordinary Signature

Name in Full

Address (Corporations etc. should give Registered Addresses )

P.O. Box

(BLOCK LETTERS, state whether Mr., Mrs., or Miss and titles if any.)

Telephone|Nos:\(H)® =! 2 i=). 5 Sells =. OE (Wi) Me ee

2. (Where two or more persons apply as joint subscribers, the additional names and addresses should

be given below.)

Ordinary Signatures.

Names in Full

And/OR

Address.

Telephone;Nos,(H) Seesess Sal eS ee Ee

V/We hereby request semi annual interest to be paid to:

Bank Name.



Bank Branch ist ige mi = 2" eed

Account Number



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PP A TEE STE PETE SPR OEE EE SE BOM SE A LUNE OE 8 8 OOS ee ee
THE TRIBUNE

MONDAY, MARCH 26, 2007, PAGE 9



Sa Sees eee
Africa: looking at
between the two



@ SIR Ronald Sanders

tend to afflict only people of
African ancestry, and cooper-
ation in devising treatments
would be of great assistance
to Africans in the Diaspora in
the Caribbean, the Americas
and Europe.

With regard to physical con-
tact, it is significant that
Africans and the African
Diaspora in the Caribbean are
most closely linked only by
the game of Cricket and then
only to three African coun-
tries — South Africa, Zim-
babwe, and Kenya.

Clearly, if Africans and their
Diaspora are to strengthen
their links and build a struc-
ture for co-operation over a
wide area, inéluding com-
merce, investment, scientific
research, health, education
and sport the development of
transportation and communi-



The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.

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









Mr. Edward
(Ted)
Curry, 90








Ebenezer
Shirley Street,

In lieu
be sent to

Endowment Fund,



Share your news

KEMPS FUNERAL HOME LIMITED

22 Palmdale Avenue, Palmdale
Nassau, N.P., The Bahamas

A FUNERAL SERVICE FOR THE LATE

of Queen Street, Nassau, The Bahamas died
at Doctors Hospital, Collins Avenue, Nassau
on Monday, 19th March, 2007

Subsequent to cremation an
service was held at the grave side of
Methodist
Nassau on
22nd March, 2007 at 4:00p.m. The Very
Reverend Patrick L.
Nassau and Reverend Father Michael D.
Gittens, Priest Vicar, officiated

of flowers
Christ

Nassau, The Bahamas in memory of Mr.
Edward (Ted) Curry. Arrangements by Kemp’s
Funeral Home Limited

cation links will be a vitally
important necessity.

Such a development will be
a long time coming. Just as the
triangular trade in slaves and
goods demanded transit
through Europe, similarly the
economic transportation links
— as they currently exist —
are routed via Europe.
Nonetheless, every journey
begins with a small step, and
the decision to talk about
transportation links is, at least,
a start.

I: the area of trade co-
operation, Africa and
the Caribbean have some



If Africans and
their Diaspora are
to strengthen their
links and build a
structure for
co-operation over
a wide area... the
development of
transportation and
communication
links will be a
vitally important
necessity.



experience of this, garnered
«in the hard negotiations with
Europe on trade, aid and


















interment

Cemetery, East
Thursday,

Adderely, Dean of





donations may
Church Cathedral
PO. Box N. 653,





investment which began in the
1970’s with the Lomé Con-
vention. However, the two
regions also have experience
of falling prey to outside
manipulation as has happened
with the most recent negotia-
tions with the European
Union (EU) over Economic
Partnership Agreements
(EPAs). Instead of negotiat-
ing as the African, Caribbean
and Pacific (ACP) group, the
three regions allowed them-
selves to be separated, losing
the strength of a common
position against a unified
Europe.

In preparation for the
South Africa conference, a
preparatory meeting will be
held in London in April. The
selection of a European capi-
tal as the location of a meeting
to carry forward the relation-
ship between Africa and the
Caribbean is itself incongru-
ous, but it underscores the dif-
ficulties that this worthwhile
project will face.

A ministerial meeting is
proposed for May to finalise

the agenda for the Conference ~

in South Africa toward the
end of the year.

If these meetings are
accompanied by a firm resolve
to work painstakingly to build
structures of cooperation and
back them with resources,
Africa and the Caribbean
could right a few ancient
wrongs and, at the same time,
produce a model for political
and economic cooperation
that would counter the
inequalities that globalisation
has engendered for both
regions.

Let’s hope the roots of the
past can produce the fruits of
the future.

Responses to: ronald-
sanders29@hotmail.com



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PAGE 10, MONDAY, MARGH 26, 2007 THE TRIBUNE

ee ene ee EEE es
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By Appointment Saturday - 11:00am - “00pm



house with almost the full range

Even so, she failed to inspire



This was no fault of Ms

How Do I Live is not only -,

BPs

Countt y singer dis pla YS .
S| aL)
The Tribune wants to hear from people who are wag’
making news in their neighbourhoods. Perhaps you auity
are raising funds for a good cause, campaigning for awar -winnin a en S “ oy
improvements in the area or have won an award. Ana
| If so, call us on 322-1986 and share your story. uae
ate’
; ms: her performance was blight- eae’?
WE PUT A ed somewhat by the band’s “"f-
| eview sound system, which seemed ros
Re LC Oe ee a et ae 2
me house straining to hear the ee
OVER YOUR lyrics. ae
LeAnn Rimes One member of the audience ‘?° -)"*
Oo Ee i) Ie oy said: “She is obviously a fantas- °?" 1
FEW singing talents are tic singer, but I couldn’t make *“"*
‘= a ee Bel paces more precocious than LeAnn out a eee she sang all De
Rimes, who came to Nassau evening. There was nothing *°*
| The Aifordable Solution ‘ over the weekend to wow her wrong with her diction. But it *"~ *
fans at Cable Beach. seemed as if her voice was audi-
to Worn-Out Bathtubs : A singer since tHe age of ble only behind me, so I was SOE
: ; three, and a Grammy Award trying to lip-read all the way *
| * Bathtub Liners are designed to fit over worn-out bathtubs winner by the time she was 14, through the show.”
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RE @ BATH BARAMAS legenday status. has two of these coveted prizes ,..
At the Rainforest Theatre, plus three Academy of Coun- ,°\
Crystal Palace, on Saturday _ her early numbers, includingthe ing in the aisles in recent _ try Music Awards and 12 Bill- j¢,,;
Open Monday - Friday, 9:00am - 5:00pm night, Rimes thrilled a packed extremely popular Blue. months. board Music Awards. emia
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quite the response of more sea-

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LOT NO. 25 Block 2 Unit 1

HAWKSBILL SUBDIVISION

material in this course was very
interesting. Excellent instructors.”

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FELD
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EXPECT

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PROPERTY SIZE: Single Storey Residence
(5,400 sq. ft.)

LOCATION: Abaco Drive

APPRAISED VALUE: $70,000

EIGHT MILE ROCK

PROPERTY SIZE: Incomplete Single Family
Duplex (5,000 sq. ft.)

LOCATION: Main Settlement of Eight Mile Rock
APPRAISED VALUE: $145,000

YEOMAN WOOD SUBDIVISION

LOT NO. 7 Block 1 Unit 1

PROPERTY SIZE: Single Storey Residence
(13,660 sq. ft.)

LOCATION: On a Cul-de-sac off Albatross Circle
APPRAISED VALUE: $96,000

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LOT NO. 104

- PROPERTY SIZE: Duplex Building (11,866 sq. ft.)

LOCATION: Galleon Avenue & Outrigger CT
APPRAISED VALUE: $360,000

GRAND BAHAMA EAST SUBDIVISION
LOT NQ. 27 Section 21 Block “D”
PROPERTY SIZE: Single Storey Residence
(10,446 sq. ft.)

LOCATION: Linday Drive

APPRAISED VALUE: $59,000

LISTED PROPERTIES -

LINCOLN GREEN SUBDIVISION

LOT NO. 52 Block 5 Unit 1

PROPERTY SIZE: Multi Family (0.28 acres)
LOCATION: Western Side of Ludford Road
APPRAISED VALUE: $30,000

ARDENT FOREST SUBDIVISION
LOT NO. 41 Block 22 Unit 2 :
PROPERTY SIZE: Single Family (0.35 acres)

_ LOCATION: South Side of Orlando Drive & Arden

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APPRAISED VALUE: $30,000

SEA HORSE VILLAGE SUBDIVISION
LOT NO. 31 Block 11
PROPERTY SIZE: Multi/Single Family
(0.27 acres)

ICATION: Eastern Side o
VALUE: $30,0(



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APPRAISED \

PROPERTY SIZE: Single Family Incomplete
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LOCATION: 250 Yards West of Midshipman Road
APPRAISED VALUE: $62,842

ROYAL BAHAMIAN ESTATES

LOT NO. 225 Section 28

PROPERTY SIZE: Single Family Residence —
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LOCATION: Inagua Avenue

APPRAISED VALUE: $204,000

VACANT LOTS

ROYAL BAHAMIAN ESTATES SUBDIVISION
LOT NO. 16 block 23

PROPERTY SIZE: Single Family (0.44 acres)
LOCATION: South Side of Dominica Avenue
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THE TRIBUNE MONDAY, MARCH 26, 2007, PAGE 11



LOCAL NEWS

PLP line-up

Jackson Ritchie - Clifton

Pleasant Bridgewater - Marco City
Constance McDonald - Lucaya
Doswell Coakley - High Rock
Caleb Outten - Eight Mile Rock
Gary Sawyer - South Abaco

Fritz Bootle - North Abaco

FROM page one

Minister of Legal Affairs and Attorney General
Allyson Maynard-Gibson - Pinewood

Minister of Transportation and Aviation Glenys
Hanna-Martin - Englerston

Speaker of the House of Assembly Oswald
Ingraham - South Eleuthera

Shane Gibson - Golden Gates

John Carey - Carmichael
Veronica Owen - Garden Hills
Ann Percentie - Pineridge

Ron Pinder - Marathon
Michael Halkitis - Golden Isles
Frank Smith - St Thomas More

Anthony Moss - Exuma

Picewell Forbes - South Andros

Wallace Rolle - South Beach

Chrisfield Johnson - North Eleuthera
Kenyatta Gibson - Kennedy

The only seats the PLP will not contest are

Philip ‘Braye’ Davis - Cat Island, Rum Cay
and San Salvador

Yvette Turnquest - Montagu

Hope Strachan - Sea Breeze

Malcolm Adderley - Elizabeth

Ricardo Treco - St Anne’s

Bamboo Town and Long Island-Ragged Island.

Bamboo Town will see the incumbent Inde-
pendent MP Tennyson Wells up against his FNM
challenger Branville McCartney. In Long Island,
FNM MP Larry Cartwright will be defending his
seat against the former FNM candidate James

Customer Service Workers

Keod Smith - Mt Moriah

FROM page one

However, she said, the hos-
vital failed to do that.

“He has not been dialyzed
‘or the whole week,” Ms Collie
>xplained.

“I’ve just been told by the
loctors that he is dying, and
10ow they want to move him to

ntensive care, but all the beds
are occupied,” she added.

The Tribune spoke to anoth-
er man at the hospital who
claimed he was in the same
state as Mr Morley.

“I was supposed to receive
the temporary access from Sun-
day, but am here still waiting,”
the man said.

In January, Medical Chief of
Staff Dr Patrick Whitfield
admitted that there were con-
cerns about the existence of a
bacteria in the dialysis unit, but
he said the number of patients
becoming infected had been
drastically reduced since Octo-
ber when the number of cases
had increased "considerably".

"We still have cases of infec-
tions, but it’s not by any means
in the epidemic stage," he said.

"Certainly, we’ve cut down
on the numbers considerably
and that’s primarily because of
the intervention we made in
terms of strengthening our
infectious control practices."

Dr Whitfield said the imme-
diate concern was not to inves-
tigate to determine whether the
bacteria led to the deaths of any
patients, but to put systems in
place to help eradicate the bac-
teria from the dialysis unit.

Yesterday, a‘senior physician
told Ms Collie: “I understand

Miller, who will run as an independent.

Man is ‘critical’

your grief, but change will only
come when people like you
begin to speak out.”

When Ms Collie asked about
her brother’s condition, the

physician said that he was in
critical state.

Currently, between 150 and
160 patients are being treated
at the PMH dialysis unit.

Food Service Workers
Cashiers
Utility Workers

FNM on the PLP
FROM page one

“This means that, yet again, they’ll have to heavily borrow from
our treasury of ideas. But this is nothing new.

“Over the last five years the PLP has taken our plans and
attempted to repackage them as their own. Lacking the energy and
competence to actually finish most of what we left behind, they’re
still announcing ‘plans’ to complete much of the last FNM gov-
ernment’s agenda.

“Now they’ve started to ‘tief’ many of our new ideas. One of the

news dailies asked the FNM and PLP to outline their visions for the

country in an annual Independence Supplement.

“The PLP missed the deadline and failed to articulate their
vision. That was bad enough. But then they brazenly stole some of
our ideas and announced them as their own,” the FNM said.

The party also touched on the PLP’s plan to “modernise the
postal system”, stating that it sounded “suspiciously similar” to plans
that the FNM had put forward many months prior.

“While the PLP publicly claims they haven’t heard about our
plans, they’re secretly copying and attempting to re-brand FNM
ideas. No party in a post-independence Bahamas has thought
through as many detailed policies this early.

“Contrast this with what the PLP offered prior to the 2002 elec-
tion. Come to think of it, it sounds better than what they’re offer-

ing in 2007,” the party said.
Body found

FROM page one



Supervisors

APPLY IN PERSON AT:

_ #12 Bradley Street, Palmdale
Monday, March 26th thru Friday, March 30th
Between the hours of 10am - 4pm

a

the driver’s seat.

Police said the body had a
visible injury to the torso and
appeared to have been dead for
at least 12 hours because “rigor

mortis” had set in. The identity -

of the man is not known.

Centrai Detective Unit offi-
cers in Grand Bahama are
appealing to anyone who may
have a missing male relative or
friend aged between 20 and 30

to contact them on 350-3089,, ,

919, or 911.

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PAGE 12, MONDAY, MARCH 26, 2007

ey Ve e121.

THE TRIBUNE



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a CUBAN and Canadian figs wave at the gas processing plant ‘
of Boca de Jaruca, Cuba on Saturday. Cuba has opened its doors
to international experts in order to show them the island’s i
oil exploration potential, its infrastructure and the use of f

accompanying gas.

@ CUBA
Santa Cruz del Norte

CUBAN oil officials took for-
eign geologists and petroleum
experts on a tour of the island’s
oil and natural gas works on
Saturday in hopes of sparking
more international interest in
investment, according to Asso-
ciated Press.

Attendees at an earth sci-
ences conference were taken by
state oil company Cuba
Petroleos to several extraction
facilities in a deposit-rich strip
along the northern part of the
island, including the US$200
million Cuban-Canadian
ENERGAS natural gas plant
in an area called Boca de Jaru-
co.

“The geology we find here is
very similar to that of eastern
Mexico, of the southern United
States,” said Rafael Tenreyro, a
drilling specialist with the state
oil company, known as Cupet.

About 95 per cent of Cuba’s
daily production of 85,000 bar-
rels of petroleum and 120 mil-
lion cubic feetof natural gas
comes from the region along
the north coast.

Cuban officials are betting on
even richer deposits offshore,
where foreign companies are
already engaged in explorato-
ry drilling in partnership with
the communist government.

e
Â¥
(AP Photo/Javier Galeano)

a

“We have just recently start.
ed and we are seeing the tip of
the iceberg,” Tenreyro sai
“Our intent is to continue to
explore and discover great oll
fields.”

The US Geological Saect
estimates that the North Cuba
Basin holds 4.6 billion to 9.3 bil-
lion barrels of crude, along with
9.8 trillion cubic feet to 21.
trillion cubic feet (620 billio)
cubic meters) of natural gas.

Since 2003, companies from
Norway, India, Malaysia, Spain
and Venezuela have reserved
blocks for petroleum explo-
ration under production-shar-
ing agreements with Cuba. |

US oil firms, however, ar
shut out by Washington’s 4
year-old trade embargo on the
island.

Earlier this month US Sena-
tors Larry Craig, a Republican
from Idaho, and Byron Dorgan,
a Democrat from North Dako-
ta, introducgd a measure con-
taining a provision to let US oil
and natural gas companies wor
in Cuban waters. ;

But another Senate a
already introduced would see
to punish companies that invest
in Cuban drilling near Florida.
Congresswoman Ileana Ros-
Lehtinen, a Cuban-born Repub-
lican who represents Florida,
has pledged a similar measure
in the House. :

IN NASSAU CALL

393-5529

IN FREEPORT CALL

350-7827

IN ABACO CALL
ABACO INSURANCE AGENCY

367-5285

General
THE TRIBUNE

MONDAY, MARCH 26, 2007, PAGE 13



MP sponsors |
club shirts

MP for Lucaya Neko Grant,
has sponsored the T-shirts ‘for
the GB Golden Eagles Track
Club.

Felix Ricky Seymour, Sprint
Coach and President of the
Golden Eagles Track Club, not-
ed “Things have been tough,
this donation means so much
for us and our club. It is our
hope that others will assist us
like Mr Grant, so that our
young kids can succeed and use
our club in advancing their track
careers.”

For more information on the
‘track club interested persons
should call 559-2756 or 373-
2437.

John {; Bull

The premier retailer in The
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Sales Associates
Marsh Harbour, Abaco

@ PICTURED (left to right) are Felix “Ricky” Seymour,
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THE Bahamas International
Beer Festival, which originated
as a joint venture between the
Rotary Clubs of The Bahamas
of District 7020 and the Inter-
national Cultural Committee
(ICC), held two successful
events in 2004 and 2005S.

The festivals were organised
as fund-raising events with 50
per cent of the net revenue
being disbursed for a charita-
ble purpose selected by the ICC
— ic maintenance and upkeep
of the Nassau Botanical Gar-
dens and the remainder for the
charity selected by the Rotary
clubs, which was the AIDS
Foundation of The Bahamas.

The Rotary clubs recently
presented the AIDS Founda-
tion with a cheque for Rotary’s
half of the net revenue of the
two events.

Financing
Available



Rotary donates to AIDS Foundation



Le eae : ES f
@ PICTURED at the cheque presentation are, from left: Murray
Forde, assistant district governor, Rotary Clubs of The Bahamas;
Camille Barnett, president, AIDS Foundation; Ginger Stewart,
treasurer, AIDS Foundation, and Walter Christen, general
treasurer, Rotary Clubs of the Bahamas

(Photo: Elaine Forde)

Insurance é
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The Store Manager
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Tel: (242) 367-2473

at all locations) and attach a current resume,
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YOUR CONNECTION*TO THE WORLD

_ MASS DISCONNECTION
and SERVICE TERMINATION

The Bahamas Telecommunications Company Ltd. —
(BTC) wishes to advise its valued customers and
the general public that a Mass Disconnection exercise
will commence on April 2" 2007. The exercise will
affect all customers whose accounts were suspended
during the last Mass Suspension exercise in
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This Mass Disconnection and Termination Campé
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PAGE 14, MONDAY, MARCH 26, 2007

THE, TRIBUNE



Ministers mark the anniversary of
Transatlantic Slave Trade Abolition

FROM page one

by the Royal Navy between the
years 1808 and 1840.

“Dr Saunders writes further:
‘In the 1930s there were at least
eight free black villages or settle-
ments outside the town of Nas-
sau. They were Grants Town and
Bain Town just south of the city,
Carmichael and Adelaide in the
southwest, Delancey Town just
west of Nassau, Gambier in the
west and Creek Village (New
Guinea) and Fox Hill in the
east’,” Mr Mitchell said.

The minister went on to quote
from Dr Nicolette Bethel and her
essay “Junkanoo in the Bahamas:
A Tale of Identity”.

MONTAGU

“Another reason for the sur-
vival of Junkanoo in its present
form,” Mr Mitchell said, citing
Dr Bethel’s work, “was the land-
ing of Africans liberated by the
British from French,. American,
Spanish and Portuguese slave
ships during the mid—19th centu-
ry. These brought with them their
customs, and revitalised the
Christmas parades, just as they
seemed about to be overtaken by
the marching brass bands rather
than gangs of goombay drum and
cowbells.

“The abolition of the transat-
lantic slave trade then is central to
the development of our country,
our culture and the way we live
today,” Mr Mitchell said.

“It is only fitting then that we
remember those who perished in
the middle passage, and recall
how we got to where we are
today. In this connection a num-
ber of observances will be held
to commemorate the event of 200
years ago.

“In doing so we will be joining
those around the world, but espe-
cially in the Caribbean, where our
societies have been so signifi-
cantly impacted by slavery. We
ask the Bahamian public to join
us in these observances through-
out this week and for the next
year,” he said.

Beginning today, there will be a
communication to Parliament and
a minute of silence will be

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Is seeking candidates for the position of
Management Trainee

* Candidates must be energetic, highly motivated and eager to learn

* Willing to work in a fast paced multi faceted environment

*Preferably should possess a Bachelor’s Degree in Business,
Technical or related fields, but as a minimum, must have an

Associates Degree

* Willing to work throughout the Bahamas and abroad as may
be necessary from time to time

* Ability to make decisions and take ownership for assigned

responsibilities

* Ability to multi-task and communicate effectively

* Must be a “people person” that will never compromise on
providing exceptional customer service

* Be efficient in computer based programs including, Microsoft
Excel, Microsoft Word, Powerpoint, and Publisher

If you are interested in a challenging career, that will bring out the
best in you, in an environment that is ever changing and evolving,
then, send your Resume, on or before April 13th, 2007 to:

Janice Fountain - Moss
Human Resources Manager

P.O. Box N-1123
Nassau, Bahamas

Or by Email to:

jfountain-moss@cbcbahamas.com

observed in memory of all those
persons who perished during the
middle passage. Also, there will
be a press and diplomatic recep-
tion at 6.30pm at the Ministry of
Foreign Affairs.

Basketball tournaments will be
held in Fox Hill at Freedom Park
with all teams having the names
of African tribes. On Wednesday,
Ministers Mitchell and Sears will
appear on Jeff Lloyd’s Radio
Show “Real Talk” at More FM.

es restaurant at the School of
Hospitality, College of the
Bahamas, at 9am.

At 10am Dr Gail Saunders and
Dr Thaddeus McDonald will lead
a panel discussion, and at 1pm an
official luncheon with the Minis-
ter of Education of South Africa
Naledi Pandor as the guest speak-
er will take place at the British
Colonial Hilton.

At 6.30pm George Lamming, a
distinguished Caribbean writer



On Friday, March 30, the Min-
istry of Education will launch its

“Learning Channel” at the Choic- _—_ Hilton.

and intellectual, will give a lec-
ture at the British Colonial

@ MINISTER of Foreign
Affairs Fred Mitchell

Third protest in a
month to be held in
front of The Tribune

FROM page one

Marquis.

“We have also expressed that the column that
he writes called ‘Insight’ has been very harmful, as
it only seeks to attribute derogatory statements
and comments to and about our black leaders in
this country.

“We have expressed that we equate Mr Mar-
quis’s attacks on our leaders to the attack on the
Twin Towers in America.

“We have concluded that his comments of this
nature simply put are racial and show a personal
dislike and disrespect for our black citizens of
the Bahamas.

“We call on Mr Marquis to cease and desist
forthwith with these writings and to show respect
for the black people of our country or leave the
Bahamas,” he said.

Last night, Mr Marquis said that in all the years
he had written his Insight articles, there had nev-
er been a single racial comment made.

He said anyone who knows him could confirm
that he is not, and never has been, a racist.

“I don’t like racists, and that sentiment is borne
out by all of my actions:in:life. Mr Smith is talking
through his hat and ought to be more responsible
instead of making‘such inflammatory comments,”
he said.

3 ColinalImperial.

ONE COMPANY

ONE GOAL

Mr Marquis said he would continue to practise
journalism as he had for the past 47 years - with
“total integrity and fearlessness.”

“Everything I have said about Bahamas politics
has been constructive and this is borne out by
the tremendous support I receive week after
week from all sections of the Bahamian commu-
nity.

“For Mr Smith to use emotive terms like ‘ter-
rorist’ indicates that he has given no thought to
this matter, but is just trying to raise his own pro-
file.

“However, no intelligent Bahamian is going
to be taken in by his antics,” Mr Marquis said.

In his letter, the CCB chairman characterised
Mr Marquis’s criticism of the governing PLP as
“terrorist-style journalism” that will be met with

“equal opposition”. ,

Mr Smith said they will take the stance of US
president George Bush and employ “pre-emptive
strikes on the terrorists where they operate.”

With this in mind, the‘CCB said they are calling
on Bahamians to boycott The Tribune and to dis-
continue buying advertisements in the newspaper.

“Our response to this, our Bahamas Bin Laden,
will be relentless and we shall not stop until justice
is-Sérved. We are preparéd forthis:challenge no
matter how long it takes. Mr John Marquis and ,.,
The Tribune will be brought to justice,” he
said.



ONE CHOICE

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

Systems Developer

Position Summary

The successful candidate will: develop tools and applications to ensure the
overall efficiency of the business processes; maintain and enhance the core
line of business applications as necessary; and work with Senior
Developers to implement new technologies.

Job Requirements

Must have a Bachelor's degree in IS or equivalent technical certifications
Minimum 3 years programming experience with AS400 CL, RPG IV / ILE

or AS/400 Cobol

Minimum 2 years programming experience in SQL
Knowledge of industry standards re: System Change Control procedures
Practical experience in insurance or banking fields preferred

Excellent attention to detail

Excellent analytical and problem solving skills
Strong verbal and written communication skills
Strong leadership and organizational skills

Knowledge of the following would be an asset:

XBase

CICS for AS400
Java / Perl /XMI.
Tomeat

Crystal Reports

Microsoft Development (.NET)

Responsibilities Include

Development of new applications to improve the business process

Supporting maintenance & enhancement of existing applications

Implementation of changes using established testing procedures and change control
Troubleshooting of problems related to RPG and Cobol AS400 programs

Creation of technical specifications and design documents

Work with team of developers and analysts to complete corporate objectives

outs will be commensurate with experience and eae



Festime to our Corporate Headquarters, 908 East Bay Street
Ses a ee ae

all submissions: April Sth, 200



PA,

Boy ae ate ea el
THE TRIBUNE | MONDAY, MARCH 26, 2007, PAGE 15





@ FEMALE inmate Lynn Taylor receives an award for basic computing

BA MUSICAL ‘election by th the group Millennium ei dee at Her 1+ Majesty’s s Prison during a
graduation ceremony for inmates last Thursday. The theme of the event displayed by the prisoners

was using past mistakes to build a bright future.

Fox Hill Prison inmates
celebrate graduation

\




Rul es a Restrictions

» Heese any Com ° PY] Lays a BK Discount Cotipon that entitles you to
‘buy 41/2 price ticket - to the bet Ca ‘good any night except
Saturdays & Siindays:
You must present Maes Discount A dy to ued a 1/2 price tickel -
ma det ty ||| Per TS Loh) Ls 1/72 price pT eS ern Coupon with every
Combo CTC ANY :

“ en are fo sho re Ks cu) & 9 pm Monday thru Friday only

. The ve) A Discount Coupon you receive from Burger rane isn to be.
ati OMe Circus Maximus box office at R:M. Bailey Park,
: no. less il DES Muitiieyy Ba showtime |

INMATE Athony (Bags)
Saunders receives an award
for adult basic education
(Photos: Felipé Major/
Tribune staff)

oy
>
ge

The



-Way
Test

of things we
think, say or do

1.|s it the TRUTH?

2.|s it FAIR to all
concerned?

3. Will it build RES Se eee ets esis esate rio ay
GOODWILL and a Gee ‘Mae gy eben esa ant o
BETTER . hae SA ait sae ae a
FRIENDSHIPS?

4, Will it be
BENEFICIAL to
all concerned?

- Www. rotary.org




PAGE 16, MONDAY, MARCH 26, 2007 =| | THE TRIBUNE |



.
3
BAHA MAR, A-luxury resort, the likes of which the following completion, Baha Mar is expected to benefit '
world has never seen. In less than four years, Baha Mar the nation’s Gross Domestic. Product to the tune’ of
will boast 3,000 rooms, acres of gariing as wellas prime — nearly $14 billion, :
entertainment and shopping venues. . .
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customer service to management.



















2

tourism industry exponentially and continue to provide’

; wr

WEE RORAR Fw
THE TRIBUNE

MONDAY, MARCH 26, 2007, PAGE 17





INTERNATIONAL NEWS



‘=P

ce q
q
a

OPE Benedict XVI ce



iy

we




lebrates a mass during his visit to the
church of "Santa Felicita e figli martiri" (St. Felicita and Martyrs
_ Sons) on the outskirts of Rome Sunday, March 25, 2007.

(AP Photo/Plinio Lepri)

=
wet |

ill Atlantic Medical



cerned

Pope: Europe
‘losing faith in
its own future’

@ VATICAN CITY

EUROPE appears to be
losing faith in its future, Pope
Benedict XVI said, citing the
continent's demographic
trends, which include dramat-
ically low fertility rates and
declining and graying popula-
tions, according to Associated
Press.

"One must unfortunately
note that Europe seems to be
going down a road which

‘could lead it to take its leave

from history," the pontiff told
bishops in Rome for cere-
monies to mark the 50th
anniversary of the signing of
the Treaty of Rome, a major
step toward the creation of
today's European Union.
Benedict said he was con-

about Europe's

"demographic profile" -—
though he did not describe the
trends which have been alarm-
ing demographers for decades.

In countries like Italy,
where many married couples
have one or no children, the
population is expected to
shrink dramatically in a gen-
eration or two unless fertility
rates increase quickly.

Benedict expressed concern
that Europe's population
trends, "besides putting eco-
nomic growth at risk, can also
cause enormous difficulties for
social cohesion, and, above
all, favor dangerous individu-
alism, careless about the con-
sequences for the future."

"You could almost think
that the European continent
is in fact losing faith in its own
future," Benedict said Satur-
day.

A recent Eurostat survey
showed Poland's fertility rate
to be the lowest in the EU, at
1.23 children per woman.

Sociologists and economists
point fingers at the economy,
particularly the jobless rate —

J OU

Runwol. partrare: Alun. Medical Inawrance, Thy Cancer Sachy of The Baharnas,

The Bahamas Diabetic Aspochtion nrg clients and fronds in & good. cause

at 14.9 percent the highest in

the EU. Worried about losing,

their jobs, many women in

Poland put off having chil-;

dren, often until it is too late.

Earlier this month, Polish
Prime Minister Jaroslaw
Kaczynski proposed a new

program of tax exemptions .

and support for working
mothers in the hope of

encouraging births and ensur-.

ing that Poles "continue as a
nation."

Italy's fertility rate steadily,

plunged to a low of 1.25 chil-
dren per women of childbear-
ing age in 2001, with the last
few years seeing a small turn-
around, mainly due to births
to immigrant mothers.
Italian experts cite Italian's
desire for an easier life style,
but they also blame shortages
of day care centers, expensive
housing and a sluggish job
market which sees many Ital-
ians living at home until well



into their 30s as reasons for
the country's relatively few
children.

Antonio Golini, an Italian
demographer, said in an inter-
view with The Associated
Press recently that unless the
retirement age is raised, Italy
will have more people draw-

_ing pensions than it will have

workers in 2050.

Spain also has a low fertility
rate, while France, with fami-
ly-friendly policies such as
cheap day care and generous
parental leave, has experi-
enced a baby boom.

France had more babies in
2006 than in any year in the
last quarter-century, capping a
decade of rising fertility that
has bucked Europe's graying
trend. Its fertility rate in 2006
was 2.0 children per woman.

A rate of 2.1 children per
woman is considered the min-
imum necessary to keep a
population from shrinking.

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Foreshore. Funds for the Walk will once again be donated to The Cancer Society of The Bahamas and The Bahamas
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PAGE 18, MONDAY, MARCH 26, 2007 THE TRIBUNE

INTERNATIONAL NEWS






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THE TRIBUNE



: INTERNATIONAL NEWS



BE U.S. SECRETARY of State Condoleezza Rice, left, and Palestinian President Mahmoud Abbas
arrive at a joint press conference in the West Bank town of Ramallah, Sunday, March 25, 2007. Rice
said Sunday that it was important for Israel and the Palestinians to establish a" common agenda" in

order'to move forward on forming a Palestinian state.

@ RAMALLAH, West Bank

SECRETARY of State
Condoleezza Rice said Sun-
day it was important for
Israel and the Palestinians to
establish a “common agen-
da” to move forward on cre-
ating a Palestinian state —
an apparent break with
Israel, which has ruled out
peace talks for now, accord-
ing to Associated Press.

Rice also said all the par-
ties need to have a “destina-
tion in mind” to solve the
Israeli-Palestinian conflict.
But she conceded the sides
were far apart, and had no

_* specific proposal to get long-

stalled peace talks moving.

She spoke at a news con-
ference with Palestinian Pres-
ident Mahmoud Abbas, after
their first meeting since the
Islamic militant Hamas and
Abbas’ more moderate Fatah
Party formed a new coalition
government last week.

Israel has said it will not
hold peace talks with Abbas
now that he has joined forces
with Hamas.

Rice said she would meet
twice with both Abbas and
Israeli Prime Minister Ehud
Olmert during her fourth trip
to the region in as many
months.

“It’s extremely important
to establish a common agen-
da to move forward toward
the establishment” of a Pales-
tinian state, she said.

“T think it can help all of
us to have a destination in
mind,” Rice said. “I think this
time it is best to talk about
that political horizon in par-
allel. But I sincerely hope in
the future the parties them-
selves can talk about the
political horizon themselves.”

Olmert’s spokeswoman,
Miri Eisin, declined to com-
ment pending the outcome
of a meeting between Rice
and the Israeli leader later
Sunday.

Abbas aides said he and
Rice explored ways to get
moderate Arab states
involved in Israeli-Palestin-
ian peace-making. A 2002
Arab peace initiative, which
offers recognition of Israel in
exchange for a withdrawal
from all lands Israel occupied
in the 1967 Mideast War, is
to be revived at an Arab
Summit next week.

In one proposal raised Sun-
day, a committee appointed
at the summit would
serve as a contact for the
Quartet of Mideast media-
tors — the U.S., the U.N.,
the EU and Russia — as well
as Israel and the Palestini-
ans.

Abbas said he and Rice
also talked about holding
more meetings with Olmert.
“All these meetings are part
of the bilateral relations with
Israel and the future vision
that we are all seeking and
working toward,” Abbas
said.

Abbas met.earlier with
U.N. Secretary-General Ban
Ki-moon. But the U.N. chief
shunned Hamas Officials,
dealing a setback to the new
Palestinian government’s

efforts to win international
recognition. Rice snubbed
even U.S.-backed moderates
in the Cabinet.

While welcoming the new
government’s formation, Ban
said “the atmosphere is not
fully ripe” for talks with
Hamas, which has killed

‘more than 250 Israelis in sui-

cide bombings and refuses to
recognize the Jewish state.

He expressed hope the new
government’s actions would
“show a genuine commit-
ment to the basic principles ...
of peace.”

Hamas and Fatah formed
their alliance in the hope of
halting deadly Palestinian
infighting and persuading the
West and Israel to resume
crucial funding cut off after
Hamas swept parliamentary
elections a year ago.

But the new government’s
platform falls short of
demands by the Quartet that
Hamas renounce violence,
recognize Israel, and accept
past peace agreements.

Palestinians say it implic-
itly recognizes Israel by
“respecting” peace agree-
ments. Abbas, who hopes to
restart peace talks with
Israel, has said the deal is the
best he can get from Hamas.

U.S. and European diplo-
mats have held a stream of
contacts with moderate mem-
bers of the new coalition
while avoiding Hamas min-
isters. The withheld funding
has not been restored.

Palestinian officials reject-
ed the notion of diplomatic
cherry-picking.

“This government is one
team,” Information Minister
Mustafa Barghouti said.
“Whoever meets with one
member is meeting with the
whole government.” .

Israel welcomed the deci-
sions by Rice and Ban not to
meet with Hamas officials.

“We are happy to see
world leaders and prominent
figures like the secretary gen-
eral continuing to uphold the
Quartet principles,” Eisin
said.

Ban said he would urge
Olmert during a meeting
Monday to release frozen
Palestinian funds, ease travel
restrictions in Palestinian
areas and halt settlement
activity in the West Bank.

On Sunday, he visited the
Aida refugee camp near the
West Bank town of Bethle-
hem and inspecting Israel’s
separation barrier in the
West Bank.

Senior U.N. officials and
the Palestinian governor of
Bethlehem, Salah Tameri,
explained to the U.N. chief
the difficulties caused by
Israeli travel restrictions and
the barrier.

Israel says it built the
enclosure to keep out Pales-
tinian militants, who have
killed hundreds of Israelis in
bombing and _ shooting
attacks.

“This is a very sad and
tragic thing to see many suf-
fering from the construction
of this wall, depriving oppor-
tunities for basic living,” Ban
said.

(AP Photo/Murad Sezer)

Condoleezza Rice: Israel
and Palestinians need to
establish ‘common —



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PAGE 20, MONDAY, MARCH 26, 2007

THE TRIBUNE



INTERNATIONAL NEWS

Britain’s Blair says Iranian capture of :

sailors a serious, fundamental issue —

& LONDON

BRITISH Prime Minister Tony
Blair said Sunday that 15 British
sailors and marines captured by
Iran as they searched for smug-
glers off the Iraqi coast had been
outside Iranian waters, and
warned that Britain viewed their
situation as “very serious”,
according to Associated Press.

The group was seized at gun-
point on Friday, and the Foreign

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Office in London said British offi-
cials do not know where Iran is
holding them.

Speaking at an EU summit in
Berlin, Blair said Iran’s claim that
the sailors had crossed into Iran-
ian territorial waters “is simply
not true.”

“I want to get (the situation)
resolved in as easy and diplomat-
ic a way as possible,” Blair said,
but added he hoped the Iranians
“understood how fundamental an











opportuni





issue this is for the British gov-
ernment.”

Britain said its diplomats met
with Iranian officials in Tehran
on Sunday, and their demand for
access to the group was denied
after Iran refused to say where
they were being held.

“This is a very serious situa-
tion,” Blair said.

In New York, Iranian Foreign
Minister Manouchehr Mottaki
said British Foreign Minister
Margaret Beckett had asked to
speak with him directly, likely lat-
er Sunday.

“The Iranian authorities inter-
cepted these sailors and marines
in Iranian waters. and detained
them in Iranian waters. This has
happened in the past, as well,”
Mottaki said in Persian through a
translator.

“The charge against them is
illegal entrance into Iranian
waters,” Mottaki said. “In terms
of legal issues, it’s under investi-
gation.”

Mottaki declined to provide the
exact coordinates of where the
Britons were seized, saying this
“very detailed information has
been submitted to the represen-
tatives of the United Kingdom.”

Britain and the United States

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have said the sailors and marines
had just completed a search of a
civilian vessel in the Iraqi part of
the Shatt al-Arab waterway when
they were intercepted by the Iran-

‘jan navy.

Iranian state news agency
IRNA said British Ambassador
Geoffrey Adams had spoken in
Tehran with Ibrahim Rahimpour,
the foreign ministry official in
charge of western Europe, and

asked about the condition of the
British sailors and marines.

He was told by Rahimpour that”

they were “well and sound” and
that “legal proceedings” were
under way in their case. No other
details were provided.
According to IRNA’s English-
language Web site, Adams said

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during the meeting that the
British service members had been
deployed in Iraq to establish secu-
rity, and had no hostile intention
toward Iran.

“Tehran has always exercised
self-restraint in the face of border
violations by the British troops,”
Rahimpour was quoted as say-
ing. But after the “contradictory
statements” in the seizure of the
British, the case “required an
inquiry into such suspicious
events.”

Lord Triesman, a Foreign
Office undersecretary who had
held talks with Iran’s ambassador
on Saturday, told Sky News there

was good evidence the men were ,

in Iraqi waters, but that the issue

of whether the sailors had'strayed”™
into. _Iranian.waters was only.. a.
“technical one.
“T’ve been very clear through- _

out that the British forces do not
ever intentionally enter into Iran-
ian waters,” he said. “There’s no
reason for them to do so, we

_ don’t intend to do so and I think

people should accept there’s good
faith in those assertions.”

Iran’s top military official, Gen.
Ali Reza Afshar, said on Satur-
day the seized Britons were taken
to Tehran for questioning and
had confessed to what he called
an “aggression into the Islamic
Republic of Iran’s waters.”

The EU also has been pushing
hard diplomatically to secure the
sailors’ release. Germany, which
holds the EU’s rotating presi-
dency, had its ambassador in
Tehran raise the issue with the
Iranian government.

Rajanews.com, a Persian Web
site run by supporters of Iranian
President Mahmoud Ahmadine-
jad, quoted a senior diplomat as
saying the Britons would not be
released until they promised “not
do similar things in future.”

Their capture and detention
risks escalating an already fraught
relationship between Iran and the
West.

The U.N. Security Council on
Saturday agreed to moderately
tougher sanctions against Iran for
its refusal to meet U.N. demands
that it halt uranium enrichment.
Many in the West fear the coun-
try’s nuclear program is not for
power generation but for arms
making, a claim Iran denies.

The approved sanctions includ-



O BRITISH Prime Minister Tony Blair, left, is welcomed by the president of the European Par-
liament, Hans-Gert Poettering , in Osnabrueck, northern Germany, on Sunday, March 25, 2007. Blair
insisted on Sunday that the 15 British sailors and Royal Marines captured by Iran in the Persian Gulf
were not in Iranian waters and told Tehran that Britain viewed their situation as "very serious."

(AP Photo/Kai-Uwe Knoth)

ed ban on Iranian arms exports
and freezing the assets of 28 addi-
tional people and organizations
involved in Iran’s nuclear and
missile programs. About a third
of those are linked to the Revo-
lutionary Guard, an elite corps
whose navy had seized the British
sailors and marines.

British, Israeli and Saudi media
reports on Sunday suggested that
Iran was hoping to trade the cap-
tured Britons for Iranian officials
it claims have been abducted by
the West in recent months.

Ali Askari, former head of an
elite unit of the Revolutionary
Guard, disappeared in Turkey six
weeks ago; several months earlier,
six Iranian officials were taken

by°US. forces at an Iranian lial ~
-son_ office in Irbil, the capital of

the Kurdish self-ruled region of
Iraq. One was later released.

Iran said it was a government
liaison office. The U.S. military
said those detained were con-
nected to an Iranian Revolution-
ary Guard faction that funds and
arms insurgents in Iraq.

Sobh-e-Sadegh, the official
publication of the Revolutionary
Guards, said in a January article
that it would be easy to kidnap
Americans and transfer them to
“any location of choice” in retal-
iation for any attack.

But Ahmad Bakhshaysh, a
political analyst and professor in
politics in Tehran’s Allameh Uni-
versity, said a prisoner swap was
not what Iran wanted.

“Tran is not after retaliation
regarding abduction of its diplo-
mats. ... However, Iran will use
this opportunity to show to the
world public opinion that Britons
were (the) invader and Iran was
victim of the Westerners’ bullying
policy,” he said.

U.S. News and World Report,
citing a U.S. Army report out of
Iraq, said the capture of the
British sailors and marines was
not the first time Iranians have
taken Western forces by surprise
in the border area.

The magazine said American
troops working with Iraqi border
guards within Iraq were attacked
by a much larger Iranian military
unit in September. U.S. News said
no Americans were hurt in the
incident, but four Iraqi soldiers,
an interpreter, and an Iraqi bor-
der policeman remain missing.

HANNA HEASTIE TYNES
FAMILY REUNION COUNTDOWN 2008
Come and join us at a special family event

on
Friday, March 30th 2007

Time: 7p.m. - 10:00p.m

Contact any family member below to confirm
your attendance
Don’t miss this wonderful opportunity to mix, mingle
and network with your own

¢ Nurse Nora Hanna Knowles- Tel.323-5125
° Peggy Knowles - Tel 328-3601 after 6p.m,
¢ Anniska Wilson - Tel 325-0365 9a.m.-5p.m.
¢ Kevin Hanna - Tel-324-1774



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~~ THE TRIBUNE MONDAY, MARCH 26, 2007, PAGE 21



Polar bear cub is German
capital’s hottest celebrity

Mi LEFT: Keeper Thomas Doerflein plays with Knut, the polar bear cub, during his second appear-
ance in the Berlin Zoo on Saturday, March 24, 2007. The Berlin Zoo's baby bear Knut is the German
capital's hottest celebrity at the tender age of 16 weeks. Fascination with the 9-kilogram (nearly 19-
pound) bear has only grown in recent days, after headlines generated by an animal activist who
insisted that the cub should have been left to die after his mother ignored him. Zoo officials intervened,
instead, choosing to raise the cub themselves through bottle-feeding and keeping the cub in an incu-
bator.



@ BELOW LEFT: Visitors take photographs of Knut, the polar bear cub, not seen, during his sec-
ond appearance in the Berlin Zoo

(AP Photo/Franka Bruns)



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AT PARTICIPATING MALL STORES

Prior experience is preferred but not required.
Salary commensurate with experience.

Interested persons should apply in person to The

Director, Ardastra Gardens, Chippingham. The 10th Annual Easter Egg Hunt is a major fundraiser

for the Kiwanis Club of Fort Montagu



Bedrooms | Dining Rooms | Living Rooms I Entert : Moe @ariis Wvoaecs Bunk Beds. Recliners | Separates



| Marvelous March

| CA$H-BACK!

SAVINGS EVENT

Promotion runs March 1 thru March 30, 2007.

2 Winners every week - 8 Winners in total during the month of March.

Winners will receive amounts up to $100, $200, $300 & $500 Cash-Back!



Make any cash purchase in Best Buy or Master Technicians to be eligible.

Ing

Log on to www.bestbuybahamas.com for further details.

ivvvyv

"LASSIE LORRI, ESE EER TNL CYTE EE I ENE
PAGE 22, MONDAY, MARCH 26, 2007















MONDAY EVENING MARCH 26, 2007








7:30 | 8:00 | 8:30 | 9:00 | 9:30 | 10:00 | 10:30 he.
NETWORK CHANNELS @"

: Florida Roadtrip | Antiques Roadshow “Mobile, AL” |American Experience The Carter |Pilgrimage to Karbala, A Wide An- °
WPBT (1 (Part 1 of 3) (CC) Family's legacy to the country music|gle Special (CC) .
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@ WFOR|n (cc) Mother ‘Aldrin tures of Old |Men Charlie ngagement 1 |Marine recruiter is murdered. °
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Access Holly- |Deal or No Deal (iTV) Awoman Deal or No Deal (iTV) Abachelor |The Black Donnellys “Run Like de

WTV4 |wood (N) (ck) tries to overcome her superstitions Jand an Alaskan each play for $1 mil-|Hell” Jenny leas about her father's :.
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to win. A (CC)

lion. (N) © (CC) medical condition. (N) (CC)
Prison Break Michael determines
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24 The nuclear threat has unexpect- |News (CC)
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and Mahone square off. operation. (N) 9 (PA) (CC)
Jeopardy! (N) |Dancing With the Stars (Live) © (CC) :02) What About Brian Dave and
@ WPLG Cc} mt : Kea plan to secretly renew their
: wedding vows turns chaotic.

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Hardtalk BBC News World Business |BBC News Click Online Es- BBC News World Business :
BBCI (Latenight). |Report (Latenight). sential quide to |(Latenight). © [Report
computers.
BET BACK IN THE DAY (2004, Drama) Ja Rule, Ving Rhames, Pam Grier. An old-friend lures a |Soul Food 4 (CC)



young man back to a life of crime. (CC)

World Aquatics |CBC News Special (Live) (CC)
CBC Championships
:00) Onthe {Fast Money The Apprentice: Los Angeles (\ |The Big Idea With Donny Deutsch
CNBC img fete ee
CNN (:00) The Situa- |Paula Zahn Now (CC) Larry King Live (CC) Anderson Cooper 360 (CC)
tion Room
Scrubs An ‘old |The Daily Show |The Colbert Re- |Mind of Mencia /South Park The |Scrubs J.D. talks /Scrubs J.D.'s 5
COM school” doctor |With Jon Stew- |port (CC) Making dreams |boys meet afu- |to pre-med stu- jego gets in the : Ss rate
mentors J.D. 1 Jart (CC) come true. (CC) |turistic visitor. — dents. (CC) way. 1 (CC) ito] Movie
Cops 1 (CC) Most Shocking “Deadly Force” ‘Forensic Files Forensic Files |’Til Death Do Us |Suburban Se- ag im
COURT ene 3 Part(N) —_erets(N
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DISN Zack & Cody {Danielle Panabaker. A girl's private journal becomes a |ble (CC) —|Casey sl ture Phil cancels.
Scouts. 1 (bc) best-seller by accident. (CC) her image. (CC) |his date.
DIY. This Old House |Home Again —_'DIY to the Res- |Kitchen Renova-|Kitchen Renova-|Assembly Re- |Barkitecture
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DW Journal: In In Focus (Ger- |Journal: Tages- |Projekt Zukunft |Journal: In Euromaxx
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. increased sensitivity. lows lottery winners.
ESPN (00) Women’s College Basketball NCAA Tournament|Women’s College Basketball NCAA Tournament Regional Final -
egional Final -- Teams TBA. (Live) (CC) Teams TBA. (Live) (CC)
ESPNI :00) ATP Tennis Sony Ericson |UEFAChampi- |2006 World Series of Poker Main /2006 World Series of Poker Main
pen -- Early Round. live (CC) ons League - |event, from Las Vegas. (CC) event, from Las Vegas. (CC)
Daily Mass: Our |The Journey Home Letter and Spirit |The Holy Rosary| Abundant Life
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FIT TV Stretch Max: [The Gym Steve and Pattiy have | FitTV’s Diet Doctor The Weight —_|FitNation “Defending Your Health”
Cathe Friedrich |their baby. (CC) Watchers program. (CC) Martial arts casses (CC)
Fox Report- |The O'Reilly Factor (Live) (CC) jHannity & Colmes (Live) (CC) © |Onthe Record With Greta Van
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From the Pros {Tournament From Las Vegas. (Live) (CC) From the Pros Score (Live)
GOLF The Approach | Golf Tavistock Cup -- First Round. From Lake Nona Golf & Country Club in Orlando, Florida.
Lingo (CC) World Series of Blackjack (CC) —|High Stakes Poker (CC) The Three Card Poker National
GSN Ea Championship (CC)
(:00) Attack of {X-Play (N) X-Play Cops “Atlanta” |Cops “Atlanta” Arrested Devel- |Ninja Warrior
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(0) Walker, — |Walker, Texas Ranger The MATLOCK: THE HEIST (1995, Ne Andy Griffith, Daniel Roebuck,
HALL exas Ranger _|Rangers’ baitle with the Ortega Carol Huston. Ben must save his friend and crack a robbery case. (CC)
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Buy Me ‘Wendy |Makeover Wish /My First Place |Home to Stay [Opening Soon |Designer Superstar Challenge
HGTV & Eric: Hisn’ ~-|Setbacks. % [Color Poppin’ |(N) (CC) —| by Design Shoe /‘Three Rooms” Contestants meet
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Morris Cerullo Breakthrough Ed Young Everyda' Life Today (CC) |This Is Your Day |The Gospel
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the garage. ily and financial debt. (N) (CC) lege roommates. (CC)
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Pinks Inside Nextel Cup SPEED Road |Back in the Day |Barrett-Jackson 2007: The Auc-
SPEED Tour Challenge , tions |

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TNT Charmed Noir’ |distracted by Leo’s confession that |death appears to have been caused |woman says she killed her teenage

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(:00) Law & Or- |Law & Order: epeae Victims Unit|WWE Monday Night Raw Six days until WrestleMania. Mr. McMahon vs.
USA der: Criminal In- |Detectives search for a suspect with |Lashley. Plus, Cena & HBK vs. Batista & Undertaker. (Live) (CC)
tent “Stray” Jan ax to grind. 1 (CC)

VH1 Surreal Life Surreal Life Fame Games ‘Ice Ice |l Love New York “Clip Show’ Acceptable TV | Australia’s Next
Fame Games Storm” Secret ballot. 1 Top Model 1

vs (ot NHL Hockey Anaheim Ducks at Detroit Red Wings. From Joe Louis |Hockey Central |NLL Lacrosse San Jose Stealth at
. rena in Detroit. (Subject to Blackout) (Live) (Live) Portland Lumberjax. (Taped)

: in) America’s /America’s Funniest Home Videos |America’s Funniest Home Videos |WGN News at Nine © (CC)
WGN unniest Home |Twelve finalists contend fora © | Twelve finalists contend for a
Videos M (CC) |$100,000 grand prize. (CC) $100,000 grand prize. (CC)
Everybody Everybody Allof Us‘‘The {Girlfriends “Op- |The Game CW11 News at Ten With Kaity
WPIX Loves Raymond |Hates Chris (N) |Boy Is Mine” (N) eration Does She |Camille runs | Tong, Jim Watkins (CC)
Debra fights. | (CC) 1M (CC) Yield” (N) against Kelly.
eo (N) Dr. Phil O (CC) Jeopardy! (CC) Frasier Roz per |Frasler Frasier
WSBK_ {cc forms community |and Bebe host a
service, TV talk show,

PREMIUM CHANNELS’. ciate

: :45) Real Time With Bill Maher —|(:45) Rome “De Patre Vostro (About Your Father)” The UCLA D nast (N) a (CC)
HBO-E | SShiney Franklin. 0 (CC) ark Antony returns to Alexandria. (CC) MEO

his sidekick Derek put ap



SOMe smiles On your









leids’s faces.













Bring your children to the
MctHappy Hour at McDonald's in
Palmdale every Thursday
from 3:30pm to 4:306m during the
month of March 2007.

ee




_ a>





ie x % |x POSEIDON (2006, Adventure) Josh Lucas, Kurt |(:45) & x TRISTAN & ISOLDE (2006, Romance)
HBO-P ATCH POINT |Russell, Jacinda Barrett. A luxury liner capsizes in the |James Franco, Sophia Myles. A forbidden love reaches
(2005) ‘R’ (CC) North Atlantic. 1 ‘PG-13' (CC) tragic proportions. ‘PG-13' (CC)

ee x 16 | x ey FIELD OF DREAMS (1989, ray Kevin |(:45) Costas NOW 1 (CC) Ge Real Time
HBO-W [BLOCKS (2006) |Costner. A voice urges a farmer to build a ballpark on ith Bill Maher |
Bruce Willis. {his property. 1 ‘PG’ (CC) Shirley Franklin.

« | kx RED EYE (2005, Suspense) Rachel McAdams, | x * MONSTER-IN-LAW (2005, Romance-Comedy) cy A Making)
HBO-S Cillian Murphy. A plane passenger involves his seat- |Jennifer Lopez, Jane Fonda. A shrewish woman clash- |Of: Monster-in-
mate in a deadly plot. \ ‘PG-13' (CC) es with her son’s fiancee. ( ‘PG-13' (CC) La








Enjoy Great Food, Prizes and Lots of Fun.



































|
wi |
ee ak x JUST MY LUCK (2006, Romance-Comedy) Lind- ue MAX on — | THE WASH (2001) Dr. Dre. The |
MAX-E LEKTRA (2005)/say Lohan, Chris Pine. A charmed woman suffers a re- |Set: Cinderella jassistant manager at a car wash
‘PG-13) versal of fortune. 4 ‘PG-13' (CC) Man 4 (CC) _ jalienates his lazy pals. ‘R’ ‘
) 4% TREMORS Il: AFTERSHOCKS (1996, | x % DOOM (2005, Science Fiction) The Rock, Karl Urban, Rosamund
MOMAX orror) Fred Ward. Giant subterranean worms surface |Pike. Soldiers battle mutants at a research facility on Mars. (\ ‘R’ (CC) 3
at a Mexican oil refinery. 1 ‘PG-13' (CC) i i'm lovin’ it
i * INTO THE BLUE (2005, Adventure) Paul |The L Word ine Tite Coming’ i 3; AN INCONVENIENT
SHOW Walker, Jessica Alba, Scott Caan. iTV. Four divers (iTV) Bette seeks Tina's advice. © |TRUTH (2005, Documentary) iTV. Ma asl a Sap arene ae
cross paths with drug smugglers. ‘PG-13’ CC ‘PG’
pe wo % [eke te HOTEL RWANDA (2004, Drama) Don Cheadle, Sophie Okonedo, | * #% ON THE OUTS (2004, Dra- |
TMC OMORROW ean Phoenix. A hotelier saves 1,200 Tutsi refugees from slaughter. |ma) Anny Mariano, Judy Marte. |
LL NEVER DIES | 'PG-13'(CC) ‘R’ (CC) We (ee _ a





Nhe ee Oa On te ba ie OE aaa



THE TRIBUNE MONDAY, MARCH 26, 2007, PAGE 23

The Tribune’s & Kelly’s

FASTER

Coloring Contest
FIRST PRIZE © SECONDPRIZE __ THIRD PRIZE

Cay Cam RP GIFT BASKET Value $100 cca a) CLE e
T= To ele» In EachAgeGroup InEachAgeGroup



CONTEST RULES









1 Children ages 4-5, 6-8, and 9-10. Staff members and relatives of The Iribune and Kelly’s are not eligible to enter.

“1 2 Coloring may be done with crayons. Adults or an older child may assist the child in filling out the entry form, BUT NOT IN COLORING THE ENTRY.

3 Enter as many times as you wish. All entries must be in The Tribune by 5 pm on Friday March 30, 2007. Winners will be contacted April 3 and winners |
published Thursday, April 5, 2007. i

4 There will be one first-prize winner, one second-prize winner and one third-prize winner in each age group.

5 All entries become the property of The Tribune and may be used for any purpose including, but not limited to, publication in a future issue.

NO PHOTOCOPIES. USE NEWSPAPER AD oy a



Child’s Name: Parent/Guardian Signature__

Address: Tel: (hm) (cell) Age:



, ‘loys * Egg Colouring Kits
a ° Stuffed Bunnies * Reading Books
Pe * Easter Candies * Beach Toys |
© Basket Fixings * Yard Decorations {
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¢ Decorations =» Baskets
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A GHEY We :
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Tek (242) 3934002 » Fax: (242) 3934096 | a |


PAGE 24, MONDAY, MARCH 26, 2007 THE TRIBUNE aie)







"ist





FOR SPONSORSHIP INFORMATION CONTACT CCM eae
PH: 323-5589 KATHY@CCMBAHAMAS.COM .

SS

TICKETS: THE JUKE BOX MARATHON MALL PH:393-489
"FIRST CLASS PROMOTIONS PH: 356-5312





Ha
ELLER OIE IS LED PEE EOI LLL TTI LE ERE OI ERT RL TE EE


MONDAY, MARCH 26, 2007



SECTION

business@tribunemedia.net



Miami Herald Business, Stocks, Analysis, Wal Street







Multi-million Hilton
marina deal ‘in limbo’

British Colonial investment partners ‘optimistic’ agreement can be reached, with new terms
being drafted, as Island Global Yachting warns downtown Nassau project running out of time

m@ By NEIL HARTNELL
Tribune Business Editor

proposed mul-
' ti-million dollar
marina/resort
development

just west of-

downtown Nassau’s British
Colonial Hilton is currently “in
’ limbo”, its developer told The
Tribune, after the new 'invest-
ment partner in the latter hotel
'» “decided to change the terms
of the deal”.
Andrew Farkas, chairman
and chief executive of New



# AN outside view of the British Colonial Hilton, Nassau

York-headquartered Island
Global Yachting (IGY), said
the project had been approved
by the Government and “every-
thing was in great shape”, until
the Canadian Commercial
Workers Industry Pension Plan
(CCWIPP) sold a majority
stake in the British Colonial
Hilton’s holding company to
Adurion Investment Manage-
ment, a boutique Swiss/UK
investment house.

Adurion itself has made a
more-than $30 million invest-
ment commitment to revitalize
the hotel, including a $15 mil-

lion refurbishment programme,
after taking control of the
British Colonial Development
Company from its Canadian
pension fund partner. But Mr
Farkas said IGY’s own project
now hung in the balance after
the new investor decided to
alter the original deal.

A CCWIPP spokesman,
though implying that Adurion
did indeed want to alter the
conditions of the agreement,
told The Tribune that the
investment house was prepar-
ing new terms for the project
that would be submitted to IGY

this week.
Both British Colonial Hilton
partners wanted the marina
project to go forward, and were
“optimistic” it would, believing
a number of issues had been
resolved during a conference
call with IGY executives last

Thursday.
Mr Farkas, too, confirmed to
The Tribune that the

.Mmarina/resort project was not

dead, and that IGY was still
talking to CCWIPP and Adu-

SEE page 7B

Morgan Stanley deal Bahamas needs 14 per cent VAT rate
‘close to approval’

@ By NEIL HARTNELL
Tribune Business Editor

THE multi-million dollar
Morgan Stanley project, pro-
posed for a 2,000-acre site at
Barbary Beach in Freeport, is
close to being approved, sources
have told The Tribune, with
some saying that only foreign
exchange control permission
from the Central Bank of the
Bahamas is required before the
development is a ‘go’.

The blue-chip Wall Street
investment bank has been nego-
tiating a joint venture with Port
_ Group Ltd, the Grand Bahama
Port. Authority (GBPA) affili-
ate that owns the productive
assets in Freeport, for a site east
of the Grand Bahama st
way for over a year.

Graham Torode, the Grand
Bahama Development Compa-
ny’s (Devco) president, did not

return The Tribune’s call seek-

ing comment, but numerous |

sources familiar with the situa-
tion said the deal is close to»
completion, with Investments
Board approval having already
been given by Nassau.

The Government had
promised a rapid turnaround
time for the Morgan Stanley
project once the GBPA and
Port Group Ltd had finished
their work, it is understood.

The Morgan Stanley project
would be Freeport’s answer to
what Kerzner International has
done with Atlantis on Paradise
Island, an affidavit from Rick
Hayward, Sir Jack’s son, detail-
ing that it would feature hotels,
entertainment facilities, resi-
dential development, roads and
infrastructure, plus pools, golf

SEE page 11B

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CARICOM study says this needed for revenue neutral outcome, with possible $266m loss from full trade liberalisation

.@ By NEIL HARTNELL

Tribune Business Editor

A VALUE-Added Tax
(VAT) levied at a rate of
“between 13-14 per cent would

be needed for the Government
to recoup all the import duties it
would lose if forced to scrap the
current Bahamian taxation sys-
tem as a result of agreeing to
full trade liberalisation, a study

has revealed.

An August 2006 paper on the
full fiscal impact of trade liber-
alisation on the Bahamas, which
was prepared for the CARI-
COM Secretariat but has never

been released publicly by the
Bahamian government, used

this nation’s 2003 gross domes- 4.

SEE page 14B



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PAGE 2B, MONDAY, MARCH 26, 2007 THE TRIBUNE
cn ea ee ee

For the stories behind the news,

Kingsway Academy

ENTRANCE



week in the Bahamian
market as under 35,000
shares changed hands. The
market saw 1! out of its 19 list-
ed stocks trade, of which two
advanced, two declined and

[ was a moderate trading

was Cable Bahamas (CAB)
with 12,300 shares changing
hands and accounting for 35.6
per cent of the total shares
traded. The big advancer for
the week was Abaco Markets
(AML), up $0.04 or 5.13 per
cent to close at $0.82. On the











eA

cent to close at $2.10.

The FINDEX declined by
2.36 points for the week, to
close at 789.27.

US ECONOMIC NEWS

US$ strengthens versus

Euro & Yen

THE dollar rose against the
euro and pared most of its loss-



rea @ By Fidelity Capital seven remained unchanged. down side, Bahamas‘Waste unexpectedly rose last month, ;
d Insight on Mondays Markets Volume leader for the week (BWL) lost $0.09 or 4.11 per reducing the likelihood of Fed- Wy
BN

eral Reserve rate cuts.

The US currency rebound-
ed from a two-year low against
the euro, a day after the central
bank dropped its bias towards
higher rates and said its future
outlook depends on growth,
and inflation.

Investors who sold the dollar :
following the statement are
now unwinding their trades,








































Come to the
Bahamas National Trust's





The Tribune wants to hear
from people who are
making news in their
neighbourhoods, Perhaps
you aréraising funds for a
good cause, campaigning



DIVIDEND/AGM NOTES:



2007.



2007.







e ICD has declared dividends of $0.10 per share, payable on
March 30, 2007, to all shareholders of record date March 12,

March 30, 2007, to all shareholders of record date March 15,

¢ CAB has declared dividends of $0.06 per share, payable on
March 30, 2007, to all shareholders of record date a 16, |:

° CBL has declared an extraordinary dividend.of $0. i nen








; ; _ e / a ; . Part bee
es versus the yen after a US adding momentum to the cur-’ ole
EXAMINATION International Markets industry report showed sales _ rency, according to traders and venta
of previously owned homes _ strategists. ph
TE FOREX Rates sevAal
FOR SEPTEMBER 2007. Weekly a Chpiiee a o2
sont
* : @
The Entrance Examination will be held at the ed eon a The Bahamian Stock Market 4,18
- : ane : VMWEPe
school on Bernard Road on Thursday, April EUR 1.3284 -0.24 epee a
12 2007 a 8:00 a.m. for students wishing to : = "ods
fan iti BISX CLOSING CHANGE VOLUME YTD PRICE ES
enter grades seven through ten. Deadline for Commodities os nici aVaE. HiucE ee ee
applications will be Wednesday, April . ; whim
11. Aplications can be collected at the Crude Oil $62.23 8.98 AML S82 Or, ae epee os
; Gold $657.50 0.61 BAB $1.30 $- 0 4.00 % SNL
Business Office from 8:00 a.m. to 4:00 p.m. BBL $0.85 $- 0 11.84% .
BOB $8.60 $- 2865, 7.10% DA,
: : BPF $11.25 $- 2700 -0.44% ;
International Stock Market Indexes: BSL $14.60 $. 0 000% fi
. . BWL $2.10 $-0.09 2000 20.00% g!
For more information please call telephone Weekly % Change CAB $10.35 $0.02 12300. 3.50%. h,
‘numbers 324-8811: 324-3409: or 324-6269 12,481.01 3.06 CBL $14.00 $- 850 11.91%
1436.11 354 CHL $2.10 $- 996 10.53% ;
7456.18 340 CIB $14.61 $-0.09 2400 3.25% s
17 480.61 4-40 CWCB $4.80 $-0.28 0 551% “)
ree DHS $2.46 $- 0 -1.60%
———- FAM $5.94 $- 1900 ‘2.59%
FCC $0.50 $- 0 -9.09%
FCL $17.06 $- 0 . 35.94% O
FIN $12.45 $- 500 3.58% m=
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Admission: Children - $2 Adults - $5* te
@ By NEIL HARTNELL . import duties system as a protec- _ new tax structure from this date, SQ.
eh Fee rice Tribune Business Editor tionist measure and barrier to if the Bahamas decided to goin = 49%
Activities and exhibitors include: rh trade, which either needs to be __ this direction. femal
: e ° t y . . “6 * Tv
Bahamians artisans, craft vendors and small businesses = : THE Bahamas dependency on eliminated or the tariff rates heav- A Value-Added Tax (VAT) or
Deli Food & B Kildren’s Crafts. import duties to provide'the bulk __ ily reduced. some combination of VAT and 4
elicious Food & Beverages, Children's Crafts of its tax revenues would likely Apart from the WTO, there is __ sales tax were among the likeliest syd
Old Fashioned Games area: Top Spinning; Hoola Hoop; Hop Séaichy ensure that this nation is given the Economic Partnership Agree- options, Mr Smith said, adding =v
Jack Stones: Marbles . more time than less-dependent ment (EPA) that the Bahamasis that the Government had been shy
countries to reduce or eliminate currently negotiating with the advised that these systems evih
ral : fiat these if it enters'into various trade © European Union (EU) through — worked best once the appropriate y 4g
12 to 3:00pm - Wildlife Education and Exhibition by Ardastra Gardens Zoo & *” agreements, the minister of state | CARIFORUM, plus the eventu- Information Technology (IT) — sie,
gy 2 i89
Conservation Centre for finance said. ° al need to also replace the _ platform was put in place. ate
1:00 to 3:00 pm - Starbucks Coffee Tasting ~ “ James Smith, told The: Tribune Caribbean Basin Initiative (CBI), “The process of going toanoth-
that the. important issue regarding the preference system through er tax regime involves selling it —
i i i i > its taxation system was for the which Bahamian exports enter to the stakeholders,” Mr Smith = 7"
— - and Ma Grate ant Gardening Woviships under the Gorey Higgs Pavilion Bahamas to commit to introduc- _ the US duty-free. said, adding that VAT would add
11:30 am Native Plant Propagation with Shenique Albury a ing a new structure, rather than R 1 broaden the Bahamian tax base ~
12:30 pm Sustainable Gardening with Tim Bethell of Terrain Design the speed at which it did so. ep acement beyond just physical goods to ser- PF"
; ” Due to this country’s depen- vices, which account for the = «£
ie ae hae Hort uae ae Strawbary Pot fy Nassau Garda lub dency on import duties, he said it Both the EPA and the CBI majority of economic activity in — “s/4
‘30 pm Tile Art create a fun PEE out of tile and Sea glass | was likely that the Bahamas replacement will likely rely on __ this country. .
3:30 pm Create your own Stepping Stone facilitated by Kaethi and Hans Pieter Schaerer would be able to move more — reciprocity, which means the Two studies on tax reform had sit
slowly on import duty elimina- | Bahamas will have to offer the been completed to date, Mr ss
4-00 pm Canine Agtity Demonstration featuring the Bahamas Dog Aailty & Obedience tion and their replacement witha same duty-free access to this Smith said, one by the Interna- Ton
; new tax structure than other nation for EU and US exporters tional Monetary Fund (IMF) and gti
countries that raised a much low- as they do for Bahamian compa- the other by UK-based Crown org
i er percentage of their revenues __ nies. In the case of the CBI and Agents.
from such taxes. US, this will have major reper- These studies had examined gs
The Bahamian tax regime isset | cussions for the Bahamian tax __ the existing Bahamian tax regime,
to come under significant pres- system, since over 90 percent of — the minister added, looking at aL
Quiznos sure from the global rules-based — imports come from the US. aggregate revenues, then break-- —" ~~
repose ASST HE trading system, such as the World Mr Smith estimated that it ing them down into individual - 5,
Trade Organisation (WTO), would take two to three years to line items, and the quantity that 7
which this nation has applied for implement a new tax structure — was imported and the rates of y
| sponsored yi Kentucky Fried Chicken, Burger King and Quiznos full membership in. Such organi- and replacement for import — duty attached to each. .
zations regard the Bahamian _ duties, once consultations with all This was designed to assess ~
relevant stakeholders had been — what VAT rate, for example, was oe
completed, a ‘White Paper’ on required for the Government to #3
the issue circulated and Cabinet maintain a “revenue neutral” 3"
approval for the change given. position, where it replaced the 6
The minister added that the — revenues lost from import duties. ang
Bahamas had “got a lot of work — All items were being analysedto og
done”, and that it might take five | determine the consequences of
to seven years to implement a reduced import duty rates. iY
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WALL STREET



|
| MONDAY, MARCH 26, 2007

3B

Blackstone offers a piece of the action

@ Blackstone Group plans to sell
shares in its underlying
management company, but
Investors will have little say in the
company that will be operated
like a private concern.

BY JOE BEL BRUNO
Associated Press
NEW YORK — Blackstone Group,
the world’s largest private-equity
_ ‘firm, is extending an interesting pro-
posal to retail investors: a piece of the
action, just not a seat at the table.
The New York-based buyout shop
announced plans this past week to

AGRICULTURE

More

citrus

srowers
soing
organic

increased demand for organic
orange juice.

BY SUSAN SALISBURY
The Palm Beach Post

The news has been bleak for
orange juice sales this year, with
diminished supply leading to higher
prices for consumers.

But there’s one category of Flori-
da’s signature beverage that’s grow-

It’s organic orange juice, and
although sales account for less than 1
percent of all OJ sold, advocates say
it’s a product whose time has come.

“The demand for organic citrus is
extremely high: It’s been hard to sup-

’ ply it,” said Kevin Spooner, a Vero
Beach, Fla.,-based grower who sup-
plies fruit that ends up as juice at

-Whole Foods Markets and also
serves as a fresh-fruit shipper under
the Spooner’s Organics brand and
consultant to other organic growers.

Spooner, 43, owner of Sailfish Cit-
rus, is one of 37 organic citrus grow-
ers producing fruit on more than
4,900 acres, according to the Florida
Department of Agriculture’s citrus
license and bond office.

The groves are overrun with
weeds and insects — even fire ants —
but Spooner welcomes both.

Weeds are good because they pro-
vide a place for beneficial insects to
live and, when cut, become compost.
Fire ants and other beneficial bugs
eat some insects that Spooner doesn’t
want in the grove.

“Conventional growers used to
make fun of my groves because of all
the weeds. Organic growers were the
laughingstock of the industry,”
Spooner said. “They thought it was a
passing fad. Now, nobody’s laugh-
ing.”

Organic orange juice is made from
fruit that is grown without synthetic
chemicals of any kind. Most conven-
tional groves use pesticides and fer-
tilizers, and their trees stand in well-
manicured, orderly rows. |

° TURN TO ORGANIC

JAPAN

Women love

W@ The 11-foot-long Nissan Pino
can come with pink bear-shaped
cushions, seat covers with hearts,
a CD case that looks like red lips
and a colorful cover for a tissue
box.

BY YURI KAGEYAMA
Associated Press

YOKOSUKA, Japan — Ayano
Sasao is defying the conventional
wisdom that cars targeted to a niche
consumer category like young
‘women are doomed to fail.

The 18-year-old Japanese hospital
worker just bought the Nissan Pino, a
toylike minicar just 11 feet long with
star-stamped upholstery, a hook for a
handbag and a chic “milk tea beige”
exterior — although she says she
almost went with the pink.



raise $4 billion through an initial pub-
lic offering. Blackstone — which uses
its own investors’ money to buy
shareholder-owned companies and
take them private — could be valued
by some $40 billion once it goes pub-
lic.

The buzz about an IPO has been
escalating since word leaked out
more than a week ago. But, some
observers are questioning the deal
because the new structure will give
retail investors little say in a com-
pany still operated like a private con-
cern.

Blackstone plans to sell shares in





dollar venture in Sao Paulo.

“Why didn’t this building get
built?” asked Molly Steele, an attor-
ney with Thompson & Knight in
| Dallas. Then she placed the blame
squarely on the Brazilian devel-
oper.

“The contract established that
the American investor was obli-
gated to find project financing,”
countered Eduardo Gongalves, an
attorney with Barretto Ferreira,
Kujawski, Brancher e Gongalves in
Sao Paulo. :

The verbal jousting wasn’t real.
It was part of a mock arbitration
session during the recent Fifth
Annual Miami International Arbi-
tration Conference and provided a
_ rare glimpse of what goes on
| behind closed doors in private arbi-
tration sessions.

Not only is the use of interna-
tional arbitration to resolve com-

“It’s so cute. I just love it,” she
said.

To make sure women like Sasao
get the message, Nissan launched a
merchandise line for Pino, including
pink bear-shaped cushions, seat cov-
ers with hearts, a CD case that looks
like red lips and a colorful cover for a
tissue box.

Ironically, Pino isn’t even made by
Nissan, Japan’s third-biggest auto-
maker. It’s made by Suzuki.

But under a manufacturing agree-
ment, Nissan packages Suzuki’s Alto
model differently, with fancier seat
fabric, a distinct front design and a
hubcap inspired by a snowflake so
the wheels appear to sparkle on the
road — all touches to give the car that
cute look.

Nissan had 5,500 orders for the



its underlying management company,
and not the side of the company that
runs its investment portfolio. It will
be structured as a limited partnership
where investors pay for a piece of the
management company’s profits.
“This is a fascinating moment in a
maturing industry that’s changing
from a mystical back room club into a
big public industry,” said Matthew
Rhodes-Kropf, a professor of finance
at Columbia University. “But, you
have to question why they’re using
this point and time to go public.”
The IPO marks an entrance into
the world of private equity that retail



SETTLING DISPUTES



ARBITRATION CAPITAL
_ OF THE AMERICAS

| FEUDING GLOBAL COMPANIES COME TO SOUTH
FLORIDA TO QUIETLY SETTLE THEIR DISPUTES

BY JANE BUSSEY
JBUSSEY@miamiherald.com

Words flew and lawyers clashed over whether an American investor
or a Brazilian developer was responsible for the failure of a multimillion

mercial clashes growing, but also
feuding companies are increasingly
coming to Miami to settle their dis-
putes. The city has become one of
the top five places in the world for
international arbitration.

The vast majority of interna-
tional business contracts now
include some type of arbitration
clause, spelling out the location for
arbitration when disputes arise and
the rules that will apply, such as the
Florida International Arbitration
Act.

Think of the clause as a pre-pup
for business deals — if the partners
suffer irreconcilable differences.

In this country, Miami is second
only to New York for arbitrations
held by the American Arbitration
Association. Outside the United
States, Paris, London and Geneva
are the other top international cen-

Nissan’s car, the Pino

Pino in the first month since it went
on sale in January, more than double
the company target of 2,500 a month.
Sasao knew Alto looked a lot like
her Pino and was quite a bit cheaper.
Pino starts at about $8,600, while
Alto starts at $5,600. But she still was
willing to spend more — and take out
a six-year auto loan — for the Pino
because she thought it was cuter.
While models such as sports cars
or family minivans target segments of
the population, auto companies gen-
erally avoid producing models aimed
at narrow niche markets because
they usually don’t sell in numbers.
Toyota officials often say they
don’t believe in overly specific mar-
keting tactics, which are apt to back-

* TURN TO AUTOMOBILE.

apap

ECE EE Re

investors have never been given
access to. Buying into Blackstone
gives investors a piece of an invest-
ment management firm whose port-
folio includes everything from
Madame Tussaud’s wax museums to
a massive stake in Germany’s
Deutsche Telekom.

It also sheds a bit more light on the
inner workings of unregulated pri-
vate investment firms.

Until now, only wealthy investors
could afford the opportunity to sink
cash into private equity firms. They
entrust millions of dollars to the
firm’s strategists without being told

ARI



t

|

{
ters for dispute resolution.

Twenty-seven cases — most |
long, complicated big-ticket dis-
putes lasting months or even years
— were heard in Miami last year
under the auspices of the American
Arbitration Association, but scores |
more cases were arbitrated ad hoc. |

Arbitration is gaining favor
because it often saves time and |
money by limiting legal discovery |
and appeals. Its popularity is also
growing because arbitration judge-
ments can be enforced by local
courts around the world. In con-
trast, if a lawyer wins a lawsuit in a
U.S. court, an award can be col-
lected only if the other side has
assets in the United States.

But with arbitration, “I can take
that award to a courthouse in Lon-
don, convert it into a United King-
dom judgement and then it is
treated like a local judgement,” said |
Hogan & Hartson lawyer Daniel E.
Gonzalez, who directs the firm’s
international litigation and arbitra-
tion practice group. “I can do that
anywhere in the world in any coun-
try that has signed [a United
Nations] convention” on arbitra-
tion.

Arbitration also allows private |



° TURN TO ARBITRATION



exactly how their money will be.
used, or what the returns will be.

Through the release of Black-
stone’s IPO documents, the world
now knows why investors have such
faith in the firm. In less than six
years, total assets under management
at Blackstone have risen more than
fivefold, from $14 billion to $78 bil-
lion.

Blackstone’s portfolio of compa-
nies achieved annual returns of 23
percent since 1987. Its real estate
holdings did even better, with 29 per-

° TURN TO BLACKSTONE

COMMISSION

Realtors’
6% cut dips

©] Realogy Corp.’s annual report
shows that the average amount
paid to either the seller’s or
buyer’s agent dipped below

2.5 percent in 2006.

BY JEFF OSTROWSKI
Palm Beach Post

Real estate commissions are
steadily falling, and the oft-cited, oft-
debated industry standard of 6 per-
cent is becoming a distant memory,
according to little-noticed numbers
the nation’s largest real estate broker
released this month.

Realogy Corp.’s annual report
shows that the average “commission
side” — the amount paid to either the
seller’s or buyer’s agent — dippe
below 2.5 percent in 2006.

Assuming that agents for both
sides equally split commissions, that
means the average commission was’
less than 5 percent.

“That’s good news,” said Stephen
Brobeck, head of the Consumer Fed-
eration of America, a group that has
criticized real estate commissions. “It
shows consumers are increasingly
negotiating.”

Don’t feel too bad for Realogy and
its thousands of agents. Thanks to
soaring home prices, their take from
real estate transactions has risen.
Even as Realogy’s commission rates
fell over the past five years, the aver-
age dollar amount per commission
side rose to $12,691 in 2006 from
$8,535 in 2002.

The stakes are high, both for the
nation’s million-plus Realtors and for
consumers, who pay an estimated
$60 billion-plus a year for real estate
brokerage fees. On a $400,000 sale, a
6 percent commission amounts to



$24,000, while a 5 percent commis-

sion is $20,000.

The Realogy report is noteworthy
partly for the company’s sheer size.
Parsippany, N.J.-based Realogy owns
a number of brokerages, including
Coldwell Banker Residential Real
Estate, the largest brokerage in Flor-
ida.

Realogy also franchises the Cen-
tury 21, ERA, Coldwell Banker and
Sotheby’s International brands.

As the nation’s biggest broker,
Realogy has been pushing to hold the
line on commissions, even as con-
sumers increasingly demand dis-
counts.

But Realogy’s annual report shows
that the average commission side for
its franchisees fell to 2.47 percent in
2006, down from 2.51 percent in 2005
and 2.65 percent in 2002.

For Realogy-owned brokers, the

° TURN TO REAL ESTATE

ae
—
_
bd

SHIZUO KAMBAYASHI/AP

CUTE WHEELS: Eighteen-year-old hospital worker Ayano Sasao loves
the cute Nissan Pino on display in Yokosuka, south of Tokyo. The

car is marketed to young women.

oo AT


AGRICULTURE

4B MONDAY, MARCH 26, 2007_ INTERNATIONAL EDITION



Growers going organic

*ORGANIC

Liz Gelfand; a Boynton
Beach, Fla., resident and artist
who buys organic orange
juice occasionally, says she
prefers it because it is grown
without the use of pesticides
or synthetic chemicals.

“I buy organic because it is
better for the environment,
better for the bees,” Gelfand
said.

Other consumers like her
buy organic for many of the
same reasons.

». The history of organic cit-
rus in the state goes back to
the 1940s, said Mary Mitchell,
who co-owns the Eagle’s Nest
Grove in the Putnam County
town of Crescent City with
her husband, Robert. The 20-
acre grove is the nation’s old-
est one continuously devoted
to organic agriculture,: said
Mary Mitchell, 47.

“Back in the early years, we
did not wash the fruit, grade it
or anything,” Mary said. “The
true organic person wanted it
unwashed. and unwaxed and
sent from tree to box. As it got
more accepted and started
moving toward mainstream,
customers started demanding

SETTLING DISPUTES

it washed, waxed and in a
clamshell.”

NATURAL RESISTANCE

As organic agriculture
grows, more nonsynthetic fer-
tilizers and natural treatments
are being developed ta serve
the industry. Trees that are
not chemically treated seem
to become naturally more
resistant, growers say.

Wade Groetsch, president
of Blue Lake Citrus in Winter
Haven, said his operation
began producing organic
orange juice under its Nobel
Organics line in 2004.

“You start bringing back
the natural ecological system
to the grove. The animals,
birds and insects that are
good for the operation get
reestablished,” he said.

Groetsch estimates organic
orange juice production in
Florida at about 3 million gal-
lons, worth $18 million or so.
That’s a fraction of the $1 bil-
lion Florida citrus industry.

The U.S. market for
organic beverages of all kinds
totaled $13 billion in 2006, an
increase of 97 percent from
2001, according to Mintel
International Group of Chi-

Arbitration attracts
high-stake cases

* ARBITRATION

companies to. bypass court
systems that they consider
corrupt and_ inefficient.
“American companies won't
do litigation in Latin Amer-
ica,” said Miami attorney
Andres Rivero, of Rivero,
Palmer & Mestre.

The fear of local court sys-
tems.goes both ways. Latin
American companies also
tend to avoid American

“" courts with their provisions’

“for punitive damages, class
action and discovery, lawyers
said. South Florida lawyers
are increasingly. tapped for
arbitration because many are
bilingual as well as versed in
Latin America’s civil law sys-
tem, which is based on the
Napoleonic Code and con-
trasts with the common law
system.-practiced in the
United States. Some. large
Latin American companies
also are asking that arbitra-
tion sessions be conducted in
Spanish. With its translators
and bilingual court reporters,
Miami is a‘logical choice.

As their expertise in arbi-.
tration grows, South Florida
lawyers find their services are
in demand around the globe.

“Our practice is very much
outside of Miami,” said José I.
Astigarraga, who in 2000
helped set up Astigarraga
Davis, a boutique law firm
that now has 17 lawyers dedi-
cated to international arbitra-
tion and litigation. “The Latin
American privatizations in
the early and mid-90s trig-
gered the rise of arbitrations,”
Astigarraga said. “The big
boom [in cases] began taking
place in the late 1990s.”

HUGE JUDGMENT

Last year Astigarraga and
his colleagues spent three
months in Boston for an arbi-
tration case involving their
client, distributor Alon Inter-
national, and the shoemaker
Converse. Although details of
the dispute are confidential,
the $52.5 million judgment
against Converse became
public when the shoemaker

JAPAN

filed a motion to overturn the
judgement. In the end, Alon
International prevailed.
Hogan & Hartson lawyer
Gonzalez also spends most of

‘his time on cases outside

Miami. “The handful of us
doing this are just as likely to
bump into each other in Latin
America or Europe as we are
to bump into each other

here,” Gonzalez said.

Hogan & Hartson, one of
the largest law firms in the

country, has 60 international
litigation’ and arbitration

attorneys located at 17 of its
22 offices, but the practice is
based in Miami.

SETTING THE STAGE

About a year ago, Hogan &
Hartson set up a dedicated
arbitration room inside its
offices to handle the rising
number of international arbi-
tration cases, about three
major hearings a year, as well
as to practice for arbitrations.

The American Arbitration
Association also has four
hearing rooms in its offices
and holds an average of two
arbitration sessions each day.

“It’s something that has
grown dramatically in the last
few years because the parties
in Latin America need a neu-
tral place,” said Albert Orosa,
regional vice president of the
AAA. “Miami, for Latin Amer-
ica, has become that.”

Regional companies favor
Miami for arbitration for the
same reasons that South Flor-
ida is a center for Latin Amer-
ican deal making: “Miami is a
meeting place for all of Latin
America,” said Roberto Illing-
worth, an attorney with

. Zavala Baquerizo, a law firm

in Guayaquil, Ecuador. “We
have difficulties flying from
Guayaquil to Lima, for
instance. But everyone can
come to Miami. It’s ideal.”

In 2005, when the Florida
Bar wrote a rule restricting
the number of times out-of-
state lawyers could argue
cases or participate in domes-
tic arbitration in Florida,
Miami attorneys successfully
argued before the Florida

‘Women love Nissan’

° AUTOMOBILE

fire for an automaker known
for best-sellers like the Camry
and Corolla.

And in most countries,
experts tend to advise against
making autos pink or adding
other “cute” features to
appeal to female drivers
partly because that may
smack of sexism and turn off
women — except in Japan.

Here, young women are
extremely powerful in setting
trends, and the culture of cute
is so prevalent grown men
aren’t embarrassed about

dangling little mascots from
cellphones.

Also, Japanese consumers
frequently use personal prod-

‘ucts to show off who they are,

often buying designer-brand
products to make a statement,
said Kazuo Ikegami, market-
ing expert and professor at
Rissho University.
' “Product image is far more
important for Japanese con-
sumers than American con-
sumers,” Ikegami said.

“There’s a much bigger
element of personal identity
in Japanese marketing.”

Even the advertising for

s ‘cute’ car

cago. But organic beverages
account for just 2 percent of
overall beverage sales.

Still, the world’s largest
orange juice company, Chica-
go-based Tropicana, has
taken notice. Tropicana’s first
organic orange juice debuted
in February at Whole Foods
Markets stores and by May
should be in select Florida
supermarkets, Tropicana
spokesman Pete Brace said.

Matt McLean, founder and
president of Uncle Matt’s
Organic in Clermont, Fla., the
nation’s second-largest
organic orange juice brand
after LaFarge, Wis.-based
Organic Valley, said he wel-
comes the attention Tropi-
cana’s entry will bring to the
category.

GROWING EXPOSURE

“It will give us a little bit
more visibility, which will be
good for the industry,” said
McLean, 35. “Hopefully, they
will spend money promoting

. the sector.”

McLean’s family has grown
Florida citrus since the 1920s.
In 1999, he founded Uncle
Matt’s Organic, and now 15
groves are under the compa-

____MiamiHerald.com | THE MIAMI HERALD



CHEMICAL-FREE: Kevin Spooner, owner of Sailfish Citrus, which specializes in organic
citrus, shows off white grapefruit ready for picking at groves in Vero Beach, Fla.

ny’s organic certification.

“I started looking into the
organic market and said, ‘This
is something Granddad has
been talking to us about.’ This
is how we used to grow cit-
rus,” he said.

“We had success before.
Now we can do it again.”

Conventional growers are

finding it harder to see the

benefit of organic growing,
McLean said.

One primary reason is
money: This season, the pre-
mium for organic juice is only



NATACHA PISARENKO/AP FILE

HIGH-PROFILE EVENTS: Some pending Latin American cases
involve foreign utilities that have sued Argentina
seeking compensation for losses because of the
economic and financial crisis in 2001. Demonstrators,
above, protested utility rates in Buenos Aires in 2002.

Supreme Court for an-excep-
tion for foreign lawyers par-
ticipating in international
arbitration. Restricting for-
eign attorney participation
could harm Miami’s efforts to
draw international arbitra-
tion, they argued. Now for-
eign lawyers can come to
Miami for international arbi-
tration as often as they want.

Still, the number of inter-
national arbitrations in Miami
is small compared to the num-
ber of federal, state and local
cases filed each year. And the
two dozen or so cases also
pale compared to the 600
cases filed each year in Paris.
Arbitration cases, however,
often make up what they lack
in quantity with the big bucks
that are usually involved.

“If there is a dispute, the
likelihood is it will be a large
dispute,” said George Pierson,
legal counsel for Parsons
Brinckerhoff, a planning,

Pino is tailored to women
who are about 20 years old.

The pamphlet is manga-
style, like a Japanese comic
book, depicting the story of
three young well-dressed
women going shopping
together, manicuring their
nails to match the star-pat-
terns on Pino seats, using aro-
matherapy oils in the car. The
TV ads also tell a similar
story.

Nissan marketing manager
Miwa Ishii says one goal for
Pino is to court young drivers
to the Nissan brand with
hopes they’ll move on to buy

I

engineering and construction
management organization.
“We don’t go to arbitration
for $50,000 or $100,000.”

But some experts view
bypassing local courts as a
worrisome trend that creates
a parallel legal structure in
Latin American countries
instead of encouraging
needed judicial reform. “In
the private sector, they say,
‘We can’t trust the courts, we
will agree to private arbitra-
tion,’ ”’ said Riordan Roett,
director of the Latin Ameri-
can Studies Program at John
Hopkins’ School of Advanced
International Studies. ‘The
sector that is the most
dynamic part of these econo-
mies is going around the
established institutions of
these countries. That is a
frightening issue.”

But proponents of arbitra-
tion say the process is just one
more tool in settling disputes.

the Pino

more expensive models in the
future.

Ishii said the Net store Nis-
san opened especially for
Pino goodies is aimed at
attracting online shoppers,
who tend to live in areas far
from the glitzy stores of
Tokyo and other cities —
exactly the demographics of
those who buy minicars.

“Rather than talk about the
features of a minicar, we
thought it’s better to talk
about how cute it is,” she said.

“It’s a new model. We’re
starting from zero to build
public awareness about it.”

10 percent to 20 percent
higher than conventional
juice instead of the usual 30
percent or more. But fresh
organic fruit can still com-
mand two to three times the
price of conventional citrus,
growers say.

Second, conventional
growers worry that if they go
organic, their groves will suf-
fer from pests and diseases,
such as citrus canker and
greening, that they will not be
able to fight with the usual
chemicals, including the

WALL STREET

insecticides used on the psyl-

lid insects that spread green-
ing.
Despite the challenges,
McLean said the company has
600 to 700 acres in transition
to organic.

- What the organic growers °

are really doing is returning
to growing citrus the way it
used to be grown in the 1950s
and earlier, Spooner said.

He uses standbys such as
fish emulsion fertilizers,

which also help control citrus .

problems such as rust mites.

Blackstone
to go public

* BLACKSTONE

cent returns since 1991. This
helped boost 2006 profit to

_ $2.27 billion, more than dou-

ble that of the previous year.
That means each of its 770
workers produced an average
of $2.95 million in net income.
By comparison, employees at
Goldman Sachs Group — the
largest U.S. investment bank
— each averaged about
$360,000 for the company in
2006.

“I thought there was going
to be a brownout in midtown

‘Manhattan from all the

e-mails going back-and-forth
and all the telephones ringing
about this deal,” said Robert
Profusek, head of private
equity at law firm Jones Day.
“This is an important
development, and a compli-
ment to the firm that it was
able to do this and generate so
much attention,” he said.
“But, it isn’t something where
the whole world is going to
change because it happened.
It does change Wall Street.”
Blackstone said it consid-

' ers itself an “alternative asset

manager” because it does not
trade in public securities and
cannot be defined as a tradi-
tional investment bank.

COMMISSION

However, there is some
speculation Blackstone Chief
Executive Stephen Schwarz-
man is leading the company
into direct competition
against Wall Street’s five big-
gest investment houses. Gold-
man Sachs and Morgan Stan-
ley are doing an increasing
amount of its business in pri-
vate equity, while Blackstone
is getting more fees from its
corporate advisory business.

This could revolutionize
the way investors look at a
Wall Street player, and intro-

duce a new breed to the mix.

And that’s enough to get the
attention of investors. “The
Blackstone name has enough
cache that it will be well
accepted,” said Janna Samp-
‘son, a portfolio manager at
OakBrook Investments. “ It

would fit in a diversified port- |

folio that holds some of the
investment banks, but
because it’s a pure play in pri-
vate equity, it’s less likely to
tank at the same time as other
financials.”

So why now? Analysts say
a public offering will help
transform the firm into a fix-
ture on Wall Street, and solid-
ifies its financial: value. It also
sets up a line of succession to
guarantee Blackstone’s future.

Realtors’ 6%

cut dips,

but big

prices lift pay

*REAL ESTATE

average commission side slid
to 2.48 percent in 2006 from
2.63 percent in 2002.

Realogy franchisee Doug-
las Rill, owner of Century 21
America’s Choice in West
Palm Beach, bristled at the
suggestion that homes can be
sold for less than full commis-
sion in today’s slow housing
market. A seller who offers a
buyer’s agent less than 3 per-
cent only discourages agents
from bringing buyers to see
the home, Rill said. He said
commissions have been rising
in the past year as sellers
come to terms with the slow
market, and he argued that
the higher rates have yet to
show up in the numbers.

SEC FILING

Yet Realogy’s ever-dwin-
dling commissions are right
there in black and white on
page 54 of the annual report it
filed with the Securities and
Exchange Commission. But
the company isn’t offering an
explanation beyond the filing.

“It’s not our policy to com-
ment on commissions,” said

Matt Gentile, spokesman for
Coldwell Banker Residential
Real Estate. A Realogy
spokeswoman echoed the pol-
icy.

CUTTING FEES

Steve Murray, publisher of
the Denver-based newsletter
REAL Trends, long has chron-
icled the decline in commis-
sions and said Realogy’s num-
bers didn’t surprise him. With
home values rising, consum-
ers have pushed for lower
commissions. And with the
real estate boom luring more
agents into the industry, many
are forced to cut their fees.

“Agents are competing
more fiercely,” Murray said.
Realogy’s annual report offers
a fleeting glimpse into the
economics of the nation’s big-
gest broker. Last year, the
company was part of Cendant
, a conglomerate that didn’t
include detailed commission
numbers in its SEC filings.

But the first glimpse also
could be the last. Realogy’s
pending sale to a private

equity firm means the com- |

pany won’t be obliged to
report to the SEC next year.



DAVID SPENCER/THE PALM BEACH POST °
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THE TRIBUNE

BUSINESS

MONDAY, MARCH 26, 2007, PAGE 5B



Protracted privatisation
‘entrenches BTC dinosaur’

@ By NEIL HARTNELL
Tribune Business Editor

Le bidder seeking to
acquire a strategic
- stake in the Bahamas
Telecommunications Compa-
ny (BTC) through its privati-
sation is “waiting to hear back
from the Cabinet” on whether
the Government has agreed to
a deal in principle, the minister
of state for finance telling The
Tribune that the protracted
divestment process has allowed
a “dinosaur to entrench itself’.

James Smith said “all the
heavy lifting is over” in regard
to negotiations between the
Government-appointed tech-
nical team and Bluewater
Communications Holdings,
with “the core and major areas
for consideration having been
worked out between the two
teams”.

The Government-appointed
committee had now submitted
its recommendations, which
were now being reviewed by
the administration, prior to the
Cabinet deciding whether its
terms for the sale of BTC had
been achieved.

Mr Smith told The Tribune
that two stages were left, with
the start of the latter hinging
on the first’s completion. He
explained: “One would be for
us to say we accept the recom-
mendations, and within a short
period of time agree in princi-
ple that we have a meeting of
minds on the sale....... The
major part of the process is
almost the agreement that in
principle we have found a
strategic partner, and we’re
prepared against these condi-
tions to sell at this price.”

This, though, would just by
the prelude to a further round
of intensive negotiations at

which the details and fine.





@ JAMES SMITH

points would be worked out
between the Government and

Bluewater.

Mr Smith said that as exam-
ples, these details would
include amendments to BTC’s
Memorandum and Articles of
Association, a shareholders’
agreement between the Goy-
ernment and Bluewater, and
the composition of the new
BTC Board.

The protracted BTC privati-
zation process, which has
spanned almost a decade, cost
the taxpayer close to $200 mil-
lion, and seen the rejection of
three bidders in a failed
attempt to bring it to a close in
2003, was supposed to be “the
first stage” in liberalizing the
Bahamian telecommunications
market.

However, the Government
has been forced to pursue pri-
vatisation and liberalisation at
the same time, and the two

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strategies have often been in
conflict, given the frequent
attempts to, restrict the com-
petition provided by the likes
of IndiGo Networks and Cable
Bahamas to preserve BTC’s
market share and value to any
bidder.

Mr Smith conceded that “a
world class, efficient telecom-
munications sector” was
required for both the tourism
and financial services industry,
enabling the former to offer

, bookings and clearings and set-

tlement functions.

The protracted privatisation,
preservation of BTC’s cellular
monopoly and restrictions on
legal competition have all
impacted the provision of effi-

cient services and technologies,
consumer choice and reduced
prices.

“It presents itself as some-
thing of a challenge, because
by not doing it [privatisation],
the effect is to render BTC a
monopoly,” Mr Smith said.
“All the time spent looking at
other [privatisation] players
has basically allowed this exist-
ing dinosaur to entrench
itself.”

Mr Smith pointed out that
the Telecommunications Sec-
tor Policy drafted by the pre-
vious FNM government
allowed, from the date privati-
zation was completed, for BTC
to retain its cellular monopoly
for 12 months and fixed-line

for two years.

The dates and objectives
would have long passed, Mr
Smith said, adding that “tech-
nically speaking the telecom-
munications sector should have
been liberalized by now” and it
would be interesting to assess
the cost impact to the remain-
der of the Bahamian econo-
my.

Most observers believe that
with a general election immi-
nent, the Government is
unlikely to make a decision on
the Bluewater offer and
whether to privatise BTC given
the concern and uncertainty it
will arouse in the company’s
1200 employees and the votes
of their family: ;

FIRSTCARIBBEAN

INTERNATIONAL BANK

CAREER OPPORTUNITY

fora

Treasurer — Bahamas and Cayman
Operating Companies
Treasury Sales & Trading (TST)

Key Activities and Deliverables:

e 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

‘e 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 to strengthen 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

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 29, 2007 to: deangelia.deleveaux@ FirstCaribbeanBank.com

FirstCaribbean International Bank (Bahamas) Limited thanks
allapplicants for their interest, however only those under consideration

will be contacted.


PAGE 6B, MONDAY, MARCH 26, 2007

THE TRIBUNE



BUSINESS

Bahamas most reliant on



Stamp Tax in the region

percentage of total Bahamian
tax revenues that is more than
double that for any other
CARICOM member, a study

l@ By NEIL HARTNELL
Tribune Business Editor

STAMP Tax accounts for a

Job Opportunity

Software Trainer



Are you an energetic Motivator,
an Excellent communicator with a passion
to work with a professional ‘Team?

If we've piqued your interest, Let’s Talk!

Skills required:
¢ A Bachelor’s Degree in Finance

¢ Minimum of five (5) years experience in
finance company management

¢ Minimum of five (5) years experience in the
consumer purchase lending industry

¢ Minimum of three (3) years experience in
the use and training of EnCompass and the
ability to train a team of at least 10 people.

° Proficient in IBM DB2 file query utilities
e Working knowledge of Microsoft Office

FURNI





Furniture * Appliances @ Electronics

Please submit your application by Mail to:
Director of Human Resources, The Plus Group
P.O. Box N713, Nassau, Bahamas

or eMail: jobs@theplusgrp.com



We thank all applicants, however only those

FP5a5





a
wt f



ay Selected, for, an interview, will be.contacted...,...|....

conducted for the CARICOM
Secretariat has revealed, this
“exceptionally high reliance”
indicating it is looked upon by
the Government as a ‘stealth
tax’.

An August 2006 study exam-
ining the fiscal impact on the
Bahamas from trade liberal-
ization recorded that for the
period 1990-2003, Stamp
Duties accounted for 19 per
cent of total per annum tax
revenues in the Bahamas — a
sum equivalent to 3.1 per cent
of gross domestic product
(GDP).

DELTEC BANK & TRUST LIMITED

Invites applications for the position of

TRUST MANAGER

Responsibilities will include (but are not limited to):

©

clients
Marketing trust products

>,
%e

>,
~e

** Creating fiduciary structures that will service the needs of

Ensuring that all fiduciary structures are administered at a

high professional standard and in accordance with Policies
& Procedures of Deltec and the laws of The Bahamas
“* Maintaining current knowledge of all issues (law and tax)

affecting fiduciary structures

“* Supervising the Company Department

The successful candidate should have the following:

> STEP Diploma
> 10 years trust experience

(minimum 5 years in a supervisory capacity)
> Excellent written, oral and presentation skills

Salary will be commensurate with experience.

Interested persons may submit resumes as follows:

Human Resources Manager
Deltec Bank & Trust Limited

P. O. Box N.3229
Nassau, Bahamas

Resumes may also be faxed c/o 362-4623 or emailed to

anh@deltecbank.com

ABSOLUTELY NO TELEPHONE
CALLS WILL BE ACCEPTED

ahamas Source For Hor



Study suggests Stamp Duty is ‘stealth tax’

Yet out of the rest of CARI-
COM, the next most reliant
nation on Stamp Duties, when
measured as a percentage of
total tax revenues, is Anguilla
at 8.8 per cent, followed by
Belize at 8.6 per cent.

The authors, Eric Hutton,
Don Augustin and Lindsay
Hodder, pointed out that
despite this high reliance on
Stamp Duties as a revenue-
raising mechanism, the

Bahamas had the second-low-
est level of revenue collections
in CARICOM as a percentage
of GDP.

Between 1990-2003, total tax
revenue per annum collected
by the Bahamas averaged 16.1
per cent of GDP, only the
Dominican Republic having a
lower threshold at 13.9 per
cent.

Given the narrow Bahami-
an tax base, with the absence



of income taxes, consumption
taxes and excise taxes, the
study concluded that the Gov-
ernment and public had
“adopted a very staunch anti-
tax stance”. ,

This had been backed by the
reliance in import duties and
tariffs, whose long-term exis-
tence is threatened by trade
liberalization and rules-based
systems of trading, and keeping
revenue collections relatively
low.

Yet the CARICOM study
said the Bahamas had “an

- exceptionally high reliance” on

Stamp Duties compared to the
rest of CARICOM, arguing
that they may be a form of
‘stealth taxation’ “where taxes
are in fact being levied, but
under the name of.a ‘stamp
duty’.”

“Traditionally, to fit the def-

inition of being a Stamp Duty -

the charge being levied should
somewhat reflect the cost of
the service being provided,”
the study said. “For example, a
stamp duty charged by a land
registry on the transfer of
property should reflect rough-
ly the cost of assisting in the
transfer of the property, such
as performance of the title
search, adjustment to land
records etc.

“Tf a so-called stamp duty
were to be significantly in
excess of the cost of the ser-
vices being provided, the
amount in excess is taxa-
tion........... Given the anti-tax
environment within which the

’ Government operates, it is eas-

ily imagined that the Govern-
ment might have been forced
to adopt stealth tax policies in

. order to.address revenue

needs.”

FINANCIAL INTELLIGENCE |
UNIT (THE “FIU”’) |

PUBLIC

TI

E

Pursuant to Section 15(2) of The Financial Intelligence Unit

Act, 2000,
Suspicious
Prevention

Transactions

Guidelines

the public is hereby notified that, the revised
Relating to the
of Money Laundering and the Financing of

Terrorism (The ‘‘2007 Guidelines’’) for financial institutions
within The Commonwealth of the Bahamas have been issued
and are effective as of 19th March 2007.

The 2007 Guidelines replace those Guidelines issued in

December 2001.

Copies of the 2007 Guidelines can be obtained between the |
hours of 9%a.m. to 5p.m. Monday through Friday, from the
Administrative Offices, The Financial Intelligence Unit, 3rd
Floor, Norfolk House, Frederick Street, Nassau, The Bahamas.

Anthony M. Johnson

Director

Financial Intelligence Unit
P.O. Box SB 50086
Nassau, The Bahamas



“Se

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Dae

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Sat BS Ee TM ORE A at OF ek ES ee cD

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THE TRIBUNE

MONDAY, MARCH 26, 2007, PAGE 7B



Grand Bahama tour
operator signs deal

rand Bahama Vacations has

(ji an agreement with Extra-
ordinary Vacations Group that

will see the latter handle travel agents'
and consumers' bookings to Grand
Bahama Hotels, in a bid to drive revenues.
The contract includes call centre ser-
vices, and a new website for travel agent
bookings supported by Extraordinary

Vacations Group online booking engine.
The web site address is www.grandba-
hamavacations-agents.com.

The partnership will also allow Grand
Bahama Vacations to take advantage of
the many marketing and distribution ser-
vices offered through Extraordinary Vaca-
tions Group’s numerous brands - Cruise-
shoppes, Trip Professionals, Maupintour

and Attache Concierge Services - and will
also provide Grand Bahama Vacations
with access to Extraordinary Vacations
Group call centers.

* The Pelican Bay Resort is planning to
build a conference centre, with a new
restaurant and bar set to open this week,
as the Grand Bahama-based resort also
eyes a re-branding.





Ji

With origins in The Bahamas since 1978 and in the Cayman Islands and
the Turks and Caicos Islands since 1980, Fidelity is a financial services
group offering a comprehensive range of insurance services, domestic
and international banking, estate planning, pension services and corporate
finance as well as other financial products and services. Fidelity is now
inviting applications for a:

Reporting directly to the President, the successful candidate will have the
following minimum requirements:-









Director Corporate Banking




Bachelor Degree in Business, Banking or Finance

An MBA qualification would be an asset

5 years experience in intemational credit markets

10 years commercial credit experience at a managerial level
Comprehensive understanding of structured financing solutions
Strong financial and business analysis skills

Exceptional written and oral communication skills.

Proven record of delivery of presentations



HILTON, from 1B

rion.

However, he said: “Right
now, it’s in limbo because Adu-
rion and the pension fund who
own the property, and have a
joint venture deal with IGY,
decided they wanted to change
the deal.”....

“The Government had
approved everything, and our
deal with the pension fund was
fine. Everything was in great
shape, but then three weeks lat-
er the pension fund decided to
take on a new partner, and the
partner decided to change the
terms of the deal.”

When asked how much time
IGY was prepared to allow for
a deal to be worked out, Mr
Farkas replied: “Not much
longer. We’ve been at this for
several years, and have got a
lot of money invested.

“We're very committed to the
Bahamas and have been for a
long time. We are participating
in a whole bunch of different
things going on down there. If
the worst comes to the worst,
and we end up in conflict with
Adurion, we might have to look
elsewhere.”

An economic impact study
predicted that the IGY project
would generate “very substan-
tial employment”, creating 700
direct full-time jobs and anoth-
er 400 indirect permanent jobs
for Bahamians. The indirect
jobs will be created at suppli-
ers of goods and services to the
development, and through ser-



vices provided to yachts.

The study also forecast that
the IGY development would
create 200-250 full-time jobs
during construction, and have
a total economic impact of
$222.8 million over a 20-year
period.

The CCWIPP spokesman,
though, told The Tribune that
Dr Jurg Gassman, Adurion
Investment Management’s in-
house attorney and non-execu-
tive director, had over the
weekend been drafting a new
agreement for the marina pro-
ject.

He said: “From the IGY
standpoint, they wanted to have
a better control of the water-
front and the British Colonial
has an additional acre of land
on the waterfront, just to the
edge of the grille area.

“They wanted that parcel of
land put into the deal with
them, and we agree on it. Adu-
rion wanted some clarification
on their plans and scheduling
of phases, because the Prime
Minister wanted it to be done
quicker, which they [IGY] were
reluctant to give. They’ve now
given them to us.”

The CCWIPP spokesman
said Adurion wanted to keep
the planned British Colonial
Hilton refurbishment “on line
with and on schedule with” the
IGY project.

He added: “Adurion’s lawyer
is preparing a new term sheet
and we’re very optimistic. Dr

Conservation Administrator

Requirements/Skills:





Gassman was going to have it
done over the weekend, and
we’d like to go forward with it
at a very accelerated pace.”

IGY’s proposed marina on
West Bay Street would have 72
slips, catering chiefly to the larg-
er yachts and vessels, those of
between 100-150 feet to 200 feet
and longer.

The development will feature
a boutique hotel of about 150-
200 rooms, several restaurants,
retail and a parking structure
for over 300 cars.

The project would also be a
key component to the Govern-
ment’s project to revitalize
downtown Bay Street and

waterfront Nassau. IGY spe- .

cialises in reintegrating water-
fronts back into their commu-
nities and tourist industries, hav-
ing done this with its newly-
opened flagship development,
the $150 million Yacht-Haven
Grande.on St Thomas in the
US Virgin Islands. Its target
market are five-star marina
developments on a global scale.

The West Bay Street marina
is the first one that IGY will be
developing, owning and build-
ing from scratch in the
Bahamas, and is also involved in
a potential deal withy Kerzner
International to redevelop Hur-
ricane Hole marina on Paradise
Island.

IGY and its subsidiary,
Applied Technology and Man-
agement, have provided design,

development, operational, |

Conservation Administrator
Exuma Cays Land and Sea Park

The Bahamas National Trust is seeking a qualified conservation
administrator for posting at the Exuma Cays Land and Sea
Park. Will be required to live full time at park headquarters on
Warderick Wells. Position requires own transportation to travel
to and from the Exuma Cays Land and Sea Park. Position
requires long periods at the park headquarters, at a remote
location in the Exuma Cays chain of islands.

The Conservation Administrator (CA) must be an experienced
yachtsperson, able to identify with and help meet the needs of
the yachting community which heavily use the Exuma Park.
The CA must also possess general office management skills,
including bookkeeping and inventory management. The CA
must be prepared to live in the park in isolated conditions for
long periods of time. This posting requires a devotion to nature
and an appreciation for living secluded existences for extended
periods of time.

¢ Computer literate (Word Processing, Quick Books,
Internet technology and communications)

e Familiarity with yachting/boating operations

e Familiarity with scheduling and monitoring visitor
bookings
¢ Familiarity with VHF radio operation and protocols
¢ Familiarity with conservation issues in general

¢ Pleasant personality
¢ Willing to work under demanding conditions.

Position offers vacation time, medical insurance and an
opportunity to meet and work with interesting volunteers and
cruisers. Housing is provided for the successful applicant only
- no accommodations are available for family members.

Applications must include cover letter, resume and three
references. Applications should be mailed to: Human Resource
Manager, The Bahamas National Trust, P.O. Box N-4105,

Nassau, Bahamas or bnt@bahamasnationaltrust.org by April
10, 2007. |

The successful applicant will primarily be responsible for the develop-
ment of Fidelity’s corporate finance business in The Bahamas and across
the Caribbean and will be expected to travel on a frequent basis.





An attractive compensation package, including a comprehensive range of
employee benefits is offered. ©



financing and engineering assis-
tance to the Atlantis marina on
Paradise Island, the Bimini Bay
Resort and Casino; Emerald
Bay and Crab Cay in the Exu-
mas; Old Bahama Bay;
Freeport Harbour; Great Gua-
na Cay; Hatchet Bay Marinas
in Eleuthera; Whale Cay in the
Berry Islands; the Windermere
Club in Eleuthera; and Disney’s
Gorda Cay.

Director Corporate Banking










Director Cor porate Banking

Director of Human Resources
P.O. Box N-4853
Nassau, Bahamas

Tel (242) 356 7764

Fax (242) 326 3000

Email careers@fidelitybahamas com








MINISTRY OF UTILITIES & ENVIRONMENT

BEST COMMISSION CONSULTANT FIRM VACANCIES.

The Government of the Commonwealth of The Bahamas (GOBH) has received
financing from the Inter-American Develépment Bank (IDB) toward the cost of the
preparation of a Master Plan for Integrated Coastal Zone Management (ICZM) in
The Bahamas. Therefore, the Ministry of Energy and Environment is seeking the
services of an environmental Consulting Firm to assist in the establishment of the
‘national coordination and planning process for the preparation of an Integrated
Coastal Zone Management Master Plan for Bahamas.

The project has two components geared to achieving this objective.

1) the creation and initial operation of the ICZM Planning Unit within the
Ministry of Energy and Environment (MOEE) to build the capacity to guide
the process of development of the ICZM Master Plan, and

Il) The hiring of a consulting firm or association of firms to develop the ICZM"
Master Plan. This second component is the subject of this notice.

The consulting firm will be responsible for carrying out the following three sub-
components:

(i) Initiatives to enable a meaningful and effective planning process viz.

(a) Essential support to the project Steering Committee;

(b) The development of a Communication Plan;

(c) The formal training of the staff assigned to the ICZM Planning Unit;

(d) Public consultations; (e) three technical workshops; and (f) the
implementation of a pilot project.

A participatory process for developing a national-level Master Plan
through the following key steps:

(a) Assess the governance framework;

(b) Characterize resources and map coastal areas;

(c) Identify major issues and challenges and evaluate alternate
scenarios; -

(d) Define scope of Master Plan;

(e) Develop policies and standards;

(f) Define applicable tools and techniques; and

(g) Conclude Master Plan Development phase.

(iii) | A case study implementation to provide hands-on training in ICZM
techniques. .

The consultant will be based in Nassau, Bahamas.. However, throughout the
undertaking of the assignment, the consulting team will be holding consultations
with relevant stakeholders in the Family Islands. The total duration of the
implementation period of the consultancy is twenty-four (24) months.

The Ministry of Energy and Environment (MOEE) now invites eligible consultants
from any member country of the IDB to submit their expression of interest which
must provide information establishing that they are qualified to perform the
described services. '
Consultants should emphasize their:

(i) General consulting experience;

(it) Experience in ICZM;

(iii) | Working experience in Caribbean countries similar to The
Bahamas; and

(iv) Availability of appropriate skills among staff.

Four (4) printed versions and the electronic file of the expression of interest
should be sent to The BEST Commission Office no later than April 27â„¢ 2007 at
3:00pm
BEST Commission,
Ministry of Energy & Environment
P.O.Box N 4849
Nassau Court, West Bay Street
Nassau Bahamas
Tel: 322-4546 or 322-2576
Fax: 325-3509



The expressions of interest will be evaluated based on the qualifications and
relevant experiences of the firm and the results will be used to prepare a shortlist
of no more than six consulting firms. The firms included in the shortlist will
subsequently be invited to present technical and economical proposals on the
basis of a request for proposals (RFP) mailed to them, which would include the
detailed terms of reference.


PAGE 8B, MONDAY, MARCH 26, 2007

ie



CENTRE FOR CONTINUING EDUCATION AND
EXTENSION SERVICES (CEES)

ACADEMIC UPGRADING DEPARTMENT

Part-time Instructor in College Prep Geography (New Providence Campus) Candidates must be able to
each Geography at the College Preparatory, evel. Candidates must have at least an earned



Bachelor's Degree in the subject area, a Teaching Certificate and five years of teaching experience at the

level of BGCSE in the subject area.

| Part-time Instructor in College Prep Mathematics ew Providence Campus) Candidates must be able
‘o teach Mathematics at the College Preparatory, evel. Candidates must have at least an earned :

Bachelor’s Degree in the subject area, a Teaching Certificate and five years of teaching experience at the :

level of BGCSE in the subject area.

Part-time Instructor in College Prep Biology (New Providence Campus) Candidates must be able to teach :
iology at the College Preparatory, evel. Candidates must have at least an earned Bachelor’s i

# Degree in the subject area, a Teaching Certificate and five years of teaching experience at the level of
BGCSE in the subject area.

Part-time Instructor in College Prep Chemisty Nee Providence Campus) Candidates must be able to
eac emistry at the College Preparatory evel. Candidates must have at least an earned

Bachelor’s Degree in the subject area, a Teaching Certificate and five years of teaching experience at the

level of BGCSE in the subject area.

Part-time Instructor in College Prep Agriculture nee Providence Campus) Candidates must be able to
each Agriculture at the College Preparatory, evel. Candidates must have at least an earned

Bachelor's Degree in the subject area, a Teaching Certificate and five years of teaching experience at the

level of BGCSE in the subject area.
Part-time Instructor in College Fee History/Socit Studies (New Providence Campus) Candidates must
e able to teach History/Social Studies at the College Preparatory evel. Candidates must have

experience at the level of BGCSE in the subject area.

Degree in the subject area, a Teaching Certificate and five years of teaching experience at the level of
BGCSE in the subject area.

Part-time Instructor in College Prep English Language (New Providence Campus) Candidates must be:
able to teach English at the College Preparatory, evel. Candidates must have at least an earned }

Bachelor's Degree in the subject area, a Teaching Certificate and five years of teaching experience at the :

level of BGCSE in the subject area.

To ensure consideration, application materials must be received by April 30, 2007. A complete :
application packet consists of an application Letter, a College of The Bahamas’ Application Form :
a detailed curriculum vitae, copies of transcripts (original transcripts required upon employment) :
and the names and contact information of three references addressed to: :

The Director
Human Resources
The College of The Bahamas
Oakes Field Campus
Thompson Boulevard & Poinciana Drive
P.O. Box N-4912
Nassau, Bahamas

PERSONAL DEVELOPMENT DEPARTMENT

Part-time Instructor in Accounting for Beginners y IL & Ill (New Providence Campus}
andidates must be able to teach Accounting at the introductory to advanced level. Candidates must

have at least an earned Master’s degree or equivalent (e.g. CPA CA) in the subject. A teaching certificate

is desirable.

Part-time Instructor in Introduction to Business | & Il (New Providence Campus) Je i
andidate must be able to teach Introduction to Business at the introductory to advanced level. Candidates :

must have at least an earned Master’s degree or equivalent in the subject. A teaching certificate is
desirable.

Part-time Instructor in Business Ftiquette (New Providence Campus)

andidates must be able to teach Business Etiquette at the introductory to advanced level. Candidates
must have at least an earned Bachelor’s degree or equivalent in the subject. A teaching certificate is
desirable.

Part-time Instructor in Human Resource Management, Il (New Providence Campus)
andidates must be able to teach Human Resource Management at the introductory to advanced level.

Candidates must have at least an earned Master’s degree or equivalent in the subject. A teaching certificate

is desirable.

Part-time Instructor in Computer Applications |, ll (New Providence Campus)

andidates must be able to teach computer courses at the introductory to advanced level. Candidates
must have at least an earned Bachelor’s degree or equivalent in the subject. A teaching certificate is
desirable.

Part-time Instructor in Credit & Collections Procedures and Control | & Il (New Providence Campus
andidates must be able to teach Credit & Collections Procedures and Conitral at the introductory to
advanced level. Candidates must have at least an earned Master’s degree or equivalent in the subject.

A teaching certificate is desirable.

Part-time Instructor in Superior Customer Service Workshop (New Providence Campus) :
andidates must be able fo teach Superior Customer Service /Course Workshop. Candidates must have i

at least an earned Bachelor’s degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in Information Technology | & II (New Providence campus) Candidates must be able
to teach Information Technology at the introductory to advanced level. Candidates must have at least :

an earned Bachelor’s degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in QuickBooks (New Providence Campus) Candidates must be able to teach QuickBooks
at the introductory level. Candidates must have at least an earned Bachelor's degree or equivalent in the :

subject. A teaching certificate is desirable.

Part-time Instructor in PC Upgrade and Repair (New Providence Campus) Candidates must be able to
eac| pgrade and Repair at the introductory to advanced level. Candidates must have at least an

earned Bachelor’s degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in Effective PowerPoint W/S (New Providence campus) Candidates must be able to
teach Microsoft PowerPoint at the introductory to advanced level. Candidates must have at least an :

earned Bachelor’s degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in Web Page Design Workshop (New Providence Campus) Candidate must be able
0 teach Web Page Design at the introductory to advanced level. Candidates must have at least an earned i

Bachelor’s degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in Interior Decorating | & ll (New Providence Campus) Candidates must be able to i
each Interior Decorating at the introductory to advanced level. Candidates must have at least an earned :

Bachelor’s degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in Floral Design | I & ll ew Providence Campus) Candidates must be able to teach
oral Design at the introductory to advanced level. Candidates must have at least a minimum of five years :

working experience in the area.

Part-time Instructor in Effective Writing Skills (New Providence Campus) Candidates must be able to teach i
ective Writing at the introductory to advanced level. Candidates must have at least an earned Bachelor's :

degree or equivalent in the subject or related area. A teaching certificate is desirable.

Part-time Instructor in Basic of Freehand Cutting | & Il (New Providence Gampus) Candidates must: be
able to teach Basic of Freehand Cutting at the introductory to advanced level. Candidates must have at

least five years working experience in the area.

Part-time Instructor in Drapery Making | & Il (New Providence campus) Candidates must be able to teach
rapery Making at the introductory level to advanced level. Candidates must have at leasta minimum

of five years working experience in the area.

Part-time Instructor in Bath and Kitchen Accessories (New Providence Campus
andidates must be able to teach Bath and Kitchen Accessories at the introductory level to advanced
level. Candidates must have at least a minimum of five years working experience in the area.

Part-time Instructor in Basic Car Maintenance (New Providence Campus)
andidates must be able to teach Basic Car Maintenance at the introductory to advanced level. Candidates :

must have at least an earned Bachelor’s degree or equivalent in the subject.
To ensure consideration, application materials must be received by April 30, 2007. A complete

# application packet consists of an Application Letter, a College of The Bahamas’ Application Form

a detailed curriculum vitae, copies of transcripts (original transcripts required upon employment)
and the names and contact information of three references addressed to:

The Director
Human Resources
The College of The Bahamas
Oakes Field Campus
Thompson Boulevard & Poinciana Drive
P. O. Box N-4912
Nassau, Bahamas

THE COLLEGE OF THE BAHAMs

Visit our website at www.cob.edu.bs

THE TRIBUNE BUSINESS

EDUCATING & TRAINING BAHAMIANS

PROFESSIONAL DEVELOPMENT DEPARTMENT
‘New Providence, Bahamas,



Lean Mastery

Human Resource Management
Business Administration
Administrative Skills
Supervisory Skills

Public Accounting

Project Management
Professional Management
Executive Leadership Skills
Writing & Research Skills

The Legal Environment

General Legal Principles
Employment Law

Company Law

Banking & Trust Law

Real Estate Law

Real Estate Management
Insurance Management & Sales
Insurance Law

E-business Practice & Management
Hotel Front Office Management
Accounting For Non-Financial Managers

All candidates must have earned Masters’ Degrees from a recognized accredited institution in the
: relevant area or its equivalent.

at least an earned Bachelor’s Degree in the subject area, a Teaching Certificate and five years of teaching ;
To ensure consideration, application materials must be received by April 30, 2007. A complete
Part-time Instructor in College Prep Civics (New Providence Campus) Candidates must be able to teach :

ivics at the College Preparatory evel. Candidates must have at least an earned Bachelor’s ;

: and the names and contact information of three references addressed to:

application packet consists of an Application Letter, a College of The Bahamas’ Application Form
a detailed curriculum vitae, copies of transcripts (original transcripts required upon employment)

The Director
Human Resources
The College of The Bahamas
Oakes Field Campus
Thompson Boulevard & Poinciana Drive
P. O. Box N-4912
Nassau, Bahamas

PRESIDENT’S SCHOLARS
PROGRAMME,



The College of The Bahamas is now accepting applications for its prestigious
and valuable President’s Scholars Programme (PSP), a scholarship and leadership
programme for high-achieving, highly-motivated, service-oriented students
who Will be pursuing a FIRST-TIME bachelor degree at COB, beginning
in Fall 2007.

24

Applications are welcome from all High School Seniors who possess:
° Cumulative GPA of 3.5

° SAT scores of 1200 on the two-part (math and critical reading) 1800
three-part (math, reading and writing) OR

° Seven (7) BGCSE’s (minimum of 5 A’s in core subjects)
° Proven leadership skills

Benefits
° Scholarship Award of $24,000.00 ($6,000.00 per year for 4 years)

° Comprehensive Leadership Training with opportunities for international
travel.

Applications and brochures can be downloaded from

Hand deliver applications to The College of The Bahamas, Office of Student
Leadership, Room A 85, Administration Block, Oakes Field Campus, Nassau,
The Bahamas OR mail to P. O. Box N-4912, Nassau, Bahamas.

Deadline Friday, March 31, 2007
For further information, telephone the Director at (242) 302-4559

THE INTERNATIONAL LANGUAGES AND

CULTURES INSTITUTE
THE COLLEGE OF THE BAHAMAS

ANNOUNCES THE FOLLOWING COURSE:
BEGINNING MARCH 27, 2007

CONVERSATIONAL MANDARIN CHINESE, Beginners’ Level

Tuesdays/Thursdays 7:00 — 8:30

: LOCATION: }
The Munnings Building, next to KFC, by the COB roundabout

PRICE: $250 per course

FOR MORE INFORMATION,
CALL: 302-4584 or 302-4587











=
a PE 2 EE EP A FMA BSE Pa EOE EP

+

Sa a a a OE Se i a te EP RL FE SG bk es POPOL 8 4 SE ee ee ES IST ee PES 2S 2 ees DBE SD SPS as” RASS ET 3

" "7A RTs # Oa aaa AE PF TLE A EP PII AI IIA ee eee
THE TRIBUNE BUSINESS








THE COLLEGE OF THE BAHAMAS
STAFF VACANCY

Library and Media Services






















Librarian — Technical Services



The position falls in the area of Technical Services. The incumbent should be dynamic,
innovative individual with a strong commitment to service within a diverse community.
The Librarian will demonstrate successful administrative experience in a library, sound
understanding of emerging technologies and the ability to use them within the library
setting and commitment to developing a strong integrated library service within the
academic environment.




The duties of the Librarian will include management of the Unit, leadership in short and
long range planning to enhance and expand library services, development and promotion
of library resources and services, personnel supervision, initiation and management of
appropriate emerging technologies, and liaison with relevant internal and external groups.

The Librarian should possess a Master’s degree in Library and Information Science from
an accredited institution, and a minimum of two years, post Masters professional library
experience. The incumbent will demonstrate strong communication and interpersonal
skills that engender an excellent customer friendly environment. Evening and weekend
work on rotation, library research, service to the community and library instruction will
also be required.

To ensure consideration, application materials must be received by April 30, 2007.
A complete application packet consists of an application letter, a College of The
Bahamas’ Application Form, a detailed curriculum vitae, copies of all transcripts
(original transcripts required upon employment) and the names and contact
information for three references addressed to:



The Director
Human Resources
The College of The Bahamas
Oakes Field Campus
Thompson Boulevard & Poinciana Drive
P. O. Box N-4912
Nassau, Bahamas



Please visit the College’s website at for more information about the institution
and to access the College’s Employment Application Form.

THE COLLEGE OF THE BAHAMAS
STAFF VACANCY

Human Resources Department

Applications are invited from suitably qualified individuals for the following position
in the Human Resources Department: si) ‘Fi

SENIOR CLERK, HUMAN RESOURCES

Applicants must possess the ability to keep up with a quick paced office environment,
track the schedules of staff and their responsibilities, exhibit good public relations,
customer service and marketing skills. The Human Resources Clerk must be able to
work in a dynamic team environment as well as be proficient with Windows Operating

System and Microsoft Office Word, Excel, and Publisher. This person must be able to
use office equipment inclusive of computers, scanners, printers, fax machines, calculators,
etc.

The successful applicant must hold an Associate Degree and at least three to five years
post qualification work experience.

SALARY SCALE
$18,100 x $500 TO $27,100

Interested candidates should submit an up-to-date resume with supporting documents
through their Head of Department by Friday, April 6, 2007 to:

The Director

Human Resources Department
The College of The Bahamas

THE UNIVERSITY OF THE WEST INDIES
(UWD
LL.B. PROGRAMME (FULL-TIME)
AT THE COLLEGE OF THE BAHAMAS

ENTRY REQUIREMENTS

The normal entry requirements for the UWI LL.B. DEGREE are based on the following
basic UWI Matriculation standards:



(a) Five subjects, at least two of which must be at Advanced (A) Level and the remainder
at CXC (Caribbean Examinations Council) general or BGCSE (Bahamas General Certificate
of Secondary Education) or the equivalent; OR

(b) ASSOCIATE OR BACHELOR degree with a CUMULATIVE GPA OF 2.5 OR
HIGHER. Note: Space in the programme is limited and competition is high. Therefore,
above average 'A' Level grades and high averages (AT LEAST 3.0) in undergraduate
degrees are required for an applicant to stand a reasonable chance of gaining admission.

The College of The Bahamas will consider a limited number of applications from persons
who do not satisfy Matriculation standards as identified above but who have equivalent
academic qualifications. In particular, MATURE APPLICANTS OVER 30 WHO
PROVIDE EVIDENCE OF ACADEMIC AND PROFESSIONAL ACHIEVEMENT
CAN BE CONSIDERED. This is an opportunity for persons who have already been
associated with the practice of law in some way to read for a law degree. A resume must
be submitted with the COB and UWI applications.

All applicants are required to sit a Proficiency Exam, at a date to announced, by end
j of June 2007.

j Interested persons must complete a College of The Bahamas and University of the West
Indies Application for Admission Form available from the Office of Admissions, 2nd Floor,
Portia Smith Building, Poinciana Drive, The College of The Bahamas.

Kindly submit by March 30, 2007 completed applications, original certificates (which will

be returned to the applicant), copies of original certificates, transcripts (sent directly from

universities or colleges previously attended) to the Director of Admissions at COB, and

Pop of payment of the $40.00 application fee (paid at the BUSINESS OFFICE AT
SOB). ,

)) THE COLLEGE OF THE BAHA

Visit our website at www.cob.edu.bs

MONDAY, MARCH 26, 2007, PAGE 9B

EDUCATING & TRAINING B/

















THE COLLEGE OF THE BAHAMAS

CENTRE FOR CONTINUING EDUCATION AND EXTENSION SERVICES
PRESENTS

A One Day Workshop
in
Superior Customer Service

This workshop is designed to provide participants with an overview of the
fundamentals of superior customer service. It focuses on customer value,

retention and relationship building and employee motivation.

Topics to be covered:

The Customer Service Environment
Understanding the Customer
Communication and Customer Service
Handling Complaints and the Difficult Customer
Creating Your Customer Service Strategy for Loyal Customers
The Face of the Future

Thursday, 29 March 2007
9:30am — 4:00pm
TBA

$170.00 Full payment is required at time of registration.
CASH, CREDIT CARD OR BANK CERTIFIED CHEQUE ACCEPTED

Application Fee:$40.00 (one time payment)

Date:
Time:
Venue:

Tuition:

Certification: A Continuing Education Certificate on successful completion.
Enquiries: Contact the co-ordinator at Tel. (242) 302-5201 / 302-5205 or 302-5202 or
email: nlacroix@cob.edu.bs

All fees included with the exception of the application fee of $40.00 (one time payment)
CEES reserves the right to change Tuition, Fees, Course Content, Course Schedule and Course Materials.

THE COLLEGE OF THE BAHAMAS
STAFF VACANCY

The College of the Bahamas invites applications for the following post:

Assistant, Alumni Relations & Development
DIVISION: Office of the President
UNIT: Alumni Relations and Development

START DATE: May 1, 2007
JOB DESCRIPTION

SUMMARY:

Working out of The Office of the President, in a team under the joint direct supervision of
the Development Officer and Alumni Relations Director, the Alumni Relations & Development
Assistant is responsible for the day-to-day administration of alumni and development
activities. The Alumni Relations & Development Assistant participates in all fundraising
activities including donor and alumni events, database maintenance, information/record
management, alumni and donor research, mailings, and special events. The successful
candidate will be someone with strong organisational skills who is a good communicator
both verbally and in writing and who enjoys team work. This is an excellent opportunity
for someone who is also creative and who will enjoy working with others to build a new
Alumni Relations and Development Department at The College/University of The Bahamas.

DUTIES AND RESPONSIBILITIES:
































e Process donations and prepare acknowledgement letters and other correspondence

e Maintain foundation, corporation, individual donor and alumni record files

e Create fundraising reports and other database reports as needed

e Continually create, update and correct database records

e Conduct preliminary research on prospective corporate foundation and individual
donors

e Coordinate productions and mailing of appeal letters

e Send appropriate documentation to process credits to donors

e Maintain guest lists, gather and prepare registration materials and other duties as
assigned for fund-raising and alumni events :

e Handle all administrative details associated with committee meetings (i.e. prepare
and distribute notices, agendas, minutes, etc.).

e Prepare media materials for distribution. (i.e. copying, filing, mailing, e-mailing)

° Assemble media and donor kits for events and meetings.

e Other duties as assigned

KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:
e Associate's or bachelor's degree
Proficiency in Microsoft Word, Excel and PowerPoint
° Capacity to manage substantial volumes of email correspondence and to organize
meetings using calendaring technology
Database maintenance and data entry experience
Excellent written and verbal communication skills
Ability to present information concisely and effectively, both verbally and in writing
Ability to organize work and to manage competing priorities
Proven accuracy and attention to detail
Proactive work ethic and ability to take initiative towards agreed upon goals
Excellent interpersonal skills
A team player and overall pleasant disposition



While the normal candidate will have administrative experience, consideration will be given
to any entry level candidate who has demonstrated the capacity to excel, who is an excellent
organizer, who has strong communication and interpersonal skills and who demonstrates
an excellent attitude and willingness to learn and work effectively in a team setting.

The following statements are intended to describe the general nature and level of work being
performed. They are not intended to be construed as an exhaustive list of all responsibilities,
duties and skills required of the Alumni Relations & Development Assistant












is commensurate with qualifications and experience.



Compensation




To ensure full consideration, interested candidates should submit a College of The Bahamas
Application Form, a comprehensive resume and a cover letter of interest. To expedite the
appointment procedure, applicants should request that three referees send references under
confidential cover directly to the address listed below on or before April 5, 2007:

Human Resources Department
The College of The Bahamas
Ground Floor, Administration Building
Thompson Blvd and Poinciana Drive
P O Box N 4912
Nassau, Bahamas

Email:hrapply@cob.edu.bs



Please visit our website at www.cob.edu.bs for more information about the College and
to access the College’s Employment Application Form.
PAGE 10B, MONDAY, MARCH 26, 2007

COLLEGE



CENTRE FOR CONTINUING EDUCATION AND EXTENSION SERVICES
PERSONAL DEVELOPMENT - SUIMIMER SEMESTER
| :









Visit our website at www.cob.edu.bs EDUCATING & TRAINING

















































COURSE. |SEC [COURSE 2 ey
[NO. NO. |DESCRIPTION TIME DAY START | DUR
[ACCOUNTING [| :
| ACCA900 01. | ACCA FOR BEGINNERS | 6:00pm-B:00pm | Mon/Wed __7-May | 10 wks

ACCA901 [01 __| ACCA FOR BEGINNERS Il ~ | 6:00pm-B:00pm | Mon/Wed __7-May | 10 wks
ae ACCA FOR BEGINNERS III _[6:00pm-8:00pm | Tues/Thurs__8-May | 10 wks
————————————— ponent i ine ates Dicictoens

BUSINESS |

CUST900 02. | SUPERIOR CUSTOMER SER. W/S__ | 9:30am-4:30pm | Thurs 29-Mar | 1 day $170

CUST900 01 | SUPERIOR CUSTOMER SER. W/S __| 9:30am-4:30pm | Thurs $170
[eusisoo 01._| CREDITAND COLLECTIONS |__| 6:00-9:00PM

BUSI901 01 | CREDIT AND COLLECTIONS Il __ | 6:00-9:00PM

COMPUTERS . |

“COMP901 COMPUTER APPLICATIONS | | 6:00pm-9:30pm | Mon




COMP901





COMPUTER APPLICATIONS |
COMPUTER APPLICATIONS II
QUICKBOOKS

PC UPGRADE & REPAIR
EFFECTIVE POWERPOINT

WEB PAGE DESIGN WORKSHOP

10:00am-

1:30pm
6:00pm-9:30pm | Thurs

6:00pm-9:00pm | Tues
6:00pm-8:00pm | Mon/Wed
_9:30am-4:30pm_ | Thurs

930am-4:30pm_| Thurs
























































































DECORATING .
FLOR800 {Ot | FLORAL DESIGN §:00pm-9:00pm | Thurs __
FLOR801 01 | FLORAL DESIGN II a 6:00pm-9:00pm | Tues
FLOR802 01 | FLORAL DESIGN Ill : 6:00pm-9:00pm | Mon
DEC0800 01 __| INTERIOR DECORATING | -avems.anpn Wed
ENGLISH = _
ENG 900_ 01 _| EFFECTIVE WRITING SKILLS 6:00pm-9:00pm | Tues
HEALTHAND [| | | < ~
FITNESS = oc ruisif. Ate] Ot, hg mle Bh eA ee a
MASGS800 01 _| MASSAGE THERAPY ESSENTIALS | | 6:00pm-9:00pm | Thurs
TP MASSAGE THERAPY ESSENTIALS |
-MASG9O1 —} Ot TH 6:00pm 9:00PM _| Mon
HLTH800 01._| GROUP FITNESS INSTRUCTOR |__| 6:00pm-9:00pm | Wed
MANAGEMENT | _ _ lis dl
HaeMreee 01 __| HUMAN RESOURCE MG ______| 8:00pm-9:30pm | Thurs
MGMT901_ 01 | HUMANRESOURCE MGMT II___| 6.00pm-9:30pm | Mon
SEWING _ ; |
SEW800 | 01__| BASIC FREEHAND CUTTING! __ 6:00pm-9:00pm | Mon
SEW 802_ 01 | BASIC FREEHAND CUTTING II___| 6:00pm-9:00pm | Thurs
6:00pm-9:00pm | Tues









_SEW805 | 01 | DRAPERY MAKING | a a
ENQUIRIES: Contact the Co-ordinator at Tel: (242) 325-5714 (242) 328-0093/328-1936/302-4300 ext

5202 or email: persdev@cob.edu.bs

All fees are included with the exception of the application fee of $40.00 (one time).
CEES reserves the right to change Tuition, Fees, Course Content, Course Schedule and Course materials.

CENTRE FOR CONTINUING EDUCATION AND
EXTENSION SERVICES

Computer Offerings — Summer 2007

COMPUTER APPLICATIONS

This course is for the beginner who knows very little about computers

and does not understand how it works. This course covers the major
computer concepts with extensive hands on practice of various software using:
(1) Microsoft Office - Word Processing (ii) Microsoft Excel — Spreadsheet (iii)
Microsoft Access — Database Management.

Course Description:

*

Pre-requisite: None

Begins: Monday, 7" May 2007 6:00pm - 9:30pm Section 01 (CEES)
Saturday, 5" May 2007 10:00am _ - 1:30pmSection 02 (CEES)

Duration: 9 weeks

Venue: CEES Computer Lab

Tuition: $450.00

COMPUTER APPLICATIONS II

Course Description: This course covers the major advanced concepts with extensive hands on practice
of various software using: (I) Microsoft Office — Word Processing (ii) Microsoft
Excel — Spreadsheet (iii) Microsoft Access — Database Management.

Pre-requisite: Computer Applications I

Begins: Thursday, 10 May 2007
Time: 6:00pm - 9:30pm
Duration: 9 weeks

Venue: CEES Computer Lab
Fees $550.00

EFFECTIVE POWERPOINT PRESENTATIONS

This workshop is designed to provide participants with an overview of the fundamentals of Microsoft
PowerPoint. It focuses on developing effective and dynamic PowerPoint presentations.

Pre-requisite: None

Begins: Thursday, 31° May 2007
Time: 9:30am - 4:30pm
Duration: 1 day

Venue: CEES Computer Lab
Fees: $160.00

~PC UPGRADE AND REPAIR

This course is a hands-on introduction to technology systems for use in information
environments. The course will cover the following topics: Basic Hardware,
Operating Systems, Troubleshooting and Repairs.

Course Description:

Pre-requisite: None

Begins: Monday 7th May 2007

Time: 6:00pm — 8:00pm Monday & Wednesday
Duration: 9 weeks

Venue: BHTC Computer Lab

Fees: $500.00

QUICKBOOKS

This course is designed to train new and existing small business entrepreneurs
(fewer than 20 employees) how to organize and manage their accounting
activities using QuickBooks Pro software. Students will learn how to set-up

, their company files, chart of accounts, budget, customers, vendors and employees.

Course Description:

Pre-requisite: _None

Begins: Tuesday, 8 May 2007
Time: 6:00pm — 9:00pm
Duration: 6 weeks

Venue: CEES Computer Lab
Fees: $330.00

WEBPAGE DESIGN WORKSHOP

This course, which targets persons who would like to create their personal web
pages will cover Web page creation, Web site management, and HTML. Specific
topics will include Formatting, Graphics, Multimedia, Forms and, Tables and
hosting of web pages. ,

Course Description:

Pre-requisite: Participants must be computer literate and have a basic knowledge of word-
processing

Begins: Thursday, 14" & 15" June 2007

Tune: 9:30am — 4:30pm
Duration: 2 days

Venue: CEES Computer Lab
Fees: $550.00

ENQUIRIES: Contact the Co-coordinator at Tel: (242) 302-4300 ext 5201 5202 5205 or email

ees are included with the exception of the application fee of $40.00 (one time). When submitting
application, kindly provide copies of the first four pages of your passport. CEES reserves the right to
change Tuition, Fees, Course Content, Course Schedule and Course

PR

THE TRIBUNE BUSINESS. .
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Abolition of the Trans-Atlantic Slave Trade: Telling the Story
The College of The Bahamas
February 21-23, 2008
Nassau, The Bahamas



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Call for Papers

The College of The Bahamas will host the Conference: “Abolition of The Trans-Atlantic
Slave Trade: Telling the Story, February 21-23, 2008 at the Oakes Field Campus, Nassau.

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Abstracts of approximately 200 words are invited on the following topics:

Language and Oppression

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° Religion in Slavery: Agent Provocateur or Opiate? oe
e Slavery and Human Sensibility “a
° Power and Enslavement foe
° Kinship across the Diaspora of
° Identity: Culture, Race and Gender “
° Enslavement and Liberation: Pedagogy %
° Liberation: Ideologies, Contexts and Dynamics ig’
° Liberation: Simple Past or Present Continuous? os
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Please send abstracts as an attached Word file to Jessica Minnis, Chair of the Conference a
Committee at iti no later than Friday, August 31, 2007. 9 -*
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Conference Structure ee
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The conference will feature 20-minute papers from all disciplines, followed by 10-minute
discussions, presented in concurrent and plenary sessions. Panel and poster proposals
will also be considered. Such proposals should be as complete:as possible.

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Submissions (an electronic copy) should be directed to:
Jessica Minnis

Associate Professor

School of Social Sciences

The College of The Bahamas

Oakes Field Campus

P O Box N4912

Nassau, Bahamas

E-mail: abolitionconf@cob.edu.bs

Deadline for Submission: Monday, December 31, 2007.
Accommodation for Non-Resident Delegates

Information will be forthcoming.

°

Registration

Three Days: $450:00
Day Rate: $150:00
Late Registration Fee: $125.00
Student Rate: $150.00
Student Day Rate: $75.00

PPR SS PRR SSS ELE SESE ST ER Se

SRM,

For information on the availability of student subsidies, please contact:
ViceyPresident Research, Graduate Programmes and International.Relations.
Teln(242) 302 4455

Registration is open and online at http://www.cob.edu.bs/abolitionconf.php.

THE COLLEGE OF THE BAHAMAS
Office of Research, Graduate Programmes & International Relations
In conjunction with the Offices of Academic Affairs and Outreach

Summer Research Workshop Series 2007
30th April- 11th May 2007
Gerace Research Centre, San Salvador

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An Exceptional Opportunity for Building Research and Writing Skills .
Participants Completing Earn Continuing Education Units (CEUs)

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Summer Research Workshop Series 2007 is designed to build research capacity through the
honing of critical research and writing skills as well as grant writing. In addition, the inclusion
of the module on marine pollutants provides a forum in which College/University faculty can
work in concert with governmental and non-governmental agencies on national issues.

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Participants will select two of the following three modules: ,

Module I--Essentials of Technical Writing—(36 hours = 3.5 CEUs)

Facilitator: Dr. Padma T. Venkatraman, Coordinator of Graduate Diversity, University of
Rhode Island

This modules in scientific writing has three main goals: (1) to show participants how to write a
technical manuscript (including, but not limited to a scientific research paper, a proposal to a
funding agency, or a thesis or dissertation) and to make informed choices about its content,
structure, and style; (2) to show how to use thé English language to communicate the desired
message clearly, unambiguously, and efficiently; and (3) to show how to use the language to
communicate the message to the widest possible audience.

Module U—Principles of Grant Writing (36 hours = 3.5 CEUs)

Facilitator: Nancy B. Bell, Ph.D., Research Image (a worldwide research infrastructure service),
Marble Falls, TX :

The goal of Principles of Grant Writing is to enhance the faculty-initiated grant application. The
objectives are to: 1), Determine the grant application requirements, review criteria and organization
required by the RFP; 2). Write integrated goals, hypotheses, objects, and outcome measures for
a scholarly project; 3). Match budget requirements and limitations to the project scope; 4). Prepare

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a project summary and project plan draft; 5). Evaluate project design for innovation, importance,
feasibility, and significance; 6). Use tools to streamline and organize the application preparation
process; and 7). Evaluate studies involving human and animal subjects for appropriateness.
Participants will work in groups on interactive assignments to explore academic and scholarly

multidisciplinary strengths for possible future collaborations.

+

Module [1]—Introduction to Marine Pollution (3.5 hours = 3.5 CEUs)

Facilitator: Dr. Rainer Lohmann, Assistant Professor, Graduate School of Oceanography,
University of Rhode Island

This module is an introduction to marine pollution emphasizing geochemical aspects of the
sources, transport, fate and effects of pollutants in the coastal marine environment. The pollutants
include oxygen—demanding waste, petroleum, metals, synthetic organics and radioactive/solid
wastes. Risk assessment and specific case histories will also be used to evaluate the environmental

impact of the pollutants.

EXPLANATION OF CEUs {Continuing Education Units)
ontact Hours per Module =

Group Contact/Session Collaboration = 5 per Module

Preparation/Individual Work = 10 hours per Module

TOTAL per Module = 36 (3.5 CEUs per Module)

Targeted Audience: The College of The Bahamas faculty, staff and representatives of government and non-
government organizations
Estimated number of participants: 10-15 persons per module

Cost:
° $820.00 per internal participant (Includes workshop fees--$300--plus room and board at GRC)

° $1,015.00 per external participant (Includes workshop fees--$300--plus and room and board at GRC)
Participants will be accommodated at GRC on a first come first served basis (all rooms are double occupancy.
Overflow will be referred to Riding Rock at $145 per night, double occupancy.

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For further information and registration, please contact:

Dr Linda Davis, Vice President, Research, Graduate Programmes & International Relations
Tel: (242) 302 4315

E-mail: ladavis @cob.edu.bs

Mr Shan Higgs, Senior Clerk

Tel: Tel: (242) 302 4455

E-mail: shiggs@cob.edu.bs

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THE COLLEGE OF | HE BAHAMAS

TRAINING BAHAMIANS



Visit our website at www.cob.edu.bs




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Master of Science in Early
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Applications for the two programmes
are now available in
the Graduate Programmes Office |
Michael Hartley Eldon Compiex _
Thompson Blvd :: Room 306



Offered by
The College
of The Bahamas





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THE DEADLINE |
for submitting applications
to the Graduate Programmes Office is
FRIDAY, MARCH 30, 2007

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Thompson Blvd :: Room 306



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THE TRIBUNE

MONDAY, MARCH 26, 2007, PAGE 11B



Bahamas company

inks supply deal with
Canadian company

COMMONWEALTH
Drugs & Medical Supplies
Company has reached an
agreement to supply the nat-
ural health supplements made
by Jamieson Laboratories, a
Canadian manufacturer of
natural health products, and
Ultra Pharm, made by
Caribbean Ltd, in the
Bahamas.

Commonwealth Drugs has
signed a five-year agreement
to market Jamieson products

‘in the Bahamas, including its

quality-leading vitamins and
mineral products. Other spe-
cific terms of the agreement
were not disclosed.

“For the last 85 years,
Jamieson Laboratories has
provided consumers with
innovative products of the
highest quality, purity and
safety and, since 1990, Com-
monwealth Drugs has supplied
its business partners with lead-
ing pharmac*utical and over-
the-counter products from
around the world," explained
Bill Tyler, vice-president,
sales, Jamieson Laboratories.

“Together, Jamieson and
Commonwealth Drugs will
afford Bahamians access to
one of the most trusted and
advanced natural healthcare
brands in the world.

“Jamieson natural vitamins,
minerals, concentrated food
supplements, herbs and botan-
ical medicines are premium
quality products that will com-
plement our existing over-the-
counter offerings very well,"
said Pedro Roberts III, chief
executive, Commonwealth
Drugs and Medical Supplies
Company.

“Our business partners and
their consumers in the
Bahamas are very excited
about the opportunity to use
the high-quality Jamieson
products that everyone in the
Caribbean has been talking
about."

Morgan Stanley deal



‘close to approval’

FROM page 1B

courses, tennis courts and a
marina.
The Tribune reported last

6 UBS

week that Marriott was one of
the resort brands interested in
participating in the Morgan
Stanley development, which if
approved would provide a
major ‘shot in the arm’ for

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 clients 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.

For our team in Nassau we are looking to fill the

following positions:

Client Advisor Assistant-Brazil desk

In this challenging position you will be responsible for:

e Supporting the client advisors team in
administrative and organizational arrangements
as well as client related processes for optimal
service delivery support

Your tasks will include processing client orders,
dealing with client queries and requests,
preparing contact schedules anc client files

before each visit.

With your specialized transactional process
knowledge you act as a troubleshooter

We are searching for an individual with;

Banking & Commerce experience and

qualification

At least 2 years experience in same or similar

function

Proficient knowledge of Office Program
(Windows, Excel, PowerPoint)
Portuguese and Spanish are essential

Written applications by Bahamian nationals only should

be addressed to:

hrbahamas@ubs.com or UBS (Bahamas) Ltd.

Freeport’s economy.

The first stage of the devel-
opment involves Morgan Stan-
ley paying $50 million to acquire
a 50 per cent share of the land
earmarked for the project site
from Devco, the remaining
interest held by Port Group Ltd.

»Rick Hayward, as part of
efforts by himself and his father
to overturn the GBPA receiver-
ship, a by-product of the dis-
pute between themselves and
the late Edward St George’s
estate over Sir Jack’s 75 per
cent ownership claim, had
alleged that the receivership
was discouraging and turning
off potential investors such as
Morgan Stanley.

This is understood to have
caused some concern within the
GBPA and wider Freeport
community, as there is now the
risk that potential investors are
being drawn into the ownership
dispute between the St Georges
and Haywards.

Apart from the Morgan Stan-
ley project, the GBPA, Port
Group Ltd and Devco are also
in talks with UK-quoted prop-
erty developer, the Raven
Group, over a $250 million
resort development on a 1500-
acre site, a development that
would create 700 jobs during
construction and 750 perma.
nent, full-time jobs.

There is also the possibility
of a $200 million cement mill .
and extensive minerals pro
cessing facility, called Freeport
Aggregate and Cement, com-
ing to Grand Bahama, along
with the development of a med
ical school and other educa
tional facilities by DeVry Um
versity.

INSIGHT

For the Ate é

behind the news,

Human Resources
P.O. Box N-7757
Nassau, Bahamas

ye Wet] [a a
on Mondays





















ondo | Store, Gym and Sandy Beach
;-Exclusive Listin
| Quail Roost Ridge - Eastern Distr
s§ Spacious 2 Bedroom : 2/2 Bathrooms
Ar M wie 1,600 Sq. Ft. Central Air Conditioned Space
oe ‘ Furnished with Stainless Steel Appliances

er Tr Craftsman Finished Woodwork Throughout
ee Alarm Monitored System
Etectric Gate Entrance to Private Parking
Fulty Enclosed Property

Private Well Water System

} Standby Electrical Power Generator
3 Variation of Flowers & Plants to Complete a
Weil Maintained Landscape

7 So much more to sate...

ist Price: $289,900 (Gross)
| Sold Semi-Furnished
Ref# C3023 - www.kingerealty.com

| Call Gino Maycock
Direct: 424-9675

Email: gino@kingsrealty.com
KINGS REAL ESTATE LTD.
PAGE 12B, MONDAY, MARCH 26, 2007

ot Ra oReONERET eG!

EU BLIC NOTICE
ENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, THEREZE
AMEICA LIGHTBOURNE of Garden Hills No. 2,
1, The Bahamas intend to change my name to
ae TAMEICA BRATHWAITE. If there are any
e bjectic me to this change of name by Deed Poll, you
such objections to the Chief Passport Officer,

m0. 1 Box SS-742, Nassau, Bahamas no later than thirty
‘ m0 10) days atte the date of publication of this notice.

hee Ne oan ew ree ees




nay wri

= NOTICE
Fa: NOTICE OF DISSOLUTION |.

OF



VERMION COMPANY LIMITED



#4 Notice is hereby given that liquidation of the above
waeCOMPAy comunenced on the 22nd day of March,
ee 117 and that Credit Suisse Trust Limited of
ahiamas financial Centre, Shirley & Charlotte Streets,
assau, The Bahamas has been appointed Liquidator

Credit Suisse Trust Limited
Liquidator









“Dealing with the











for Bush

@ By KEN THOMAS
Associated Press Writer

WASHINGTON (AP) —
President Bush is getting at
look at U.S. automakers’ latest
advances in alternative fuel
vehicles as the companies press
the case that ethanol and
biodiesel blends can help
reduce the nation’s reliance on
foreign oil.

Scheduled

Bush scheduled a White
House meeting Monday with
General Motors Corp. chair-
man and chief executive Rick
Wagoner, Ford Motor Co.
chief executive Alan Mulally
and DaimlerChrysler AG’s
Chrysler Group chief execu-
tive Tom LaSorda.

The focus is on Bush’s sup- .

NOTICE

NOTICE is hereby given that DUNBERRO OPNUNIE MC



=U =e

THE TRIBUNE





port for flexible-fuel vehicles,
which are capable of using
gasoline and ethanol blends,
and his administration’s plan
to cut gas consumption by 20
percent in 10 years.

Leaders

The three auto leaders have
pledged to double their pro-
duction of flexible fuel vehi-
cles to about 2 million a year
by 2010.

Automakers intended to -

stress that they could make
half of their cars and trucks
capable of running on alterna-
tive fuels by 2012 if there is
enough availability and distri-
bution of E85, an ethanol
blend of 85 percent ethanol
and 15 percent gasoline.

“If the production and dis-
tribution of ethanol can match



the volumes that we’ve com-
mitted to building, there’s an
opportunity to significantly
reduce gasoline consumption
within our grasp,” GM
spokesman Greg Martin said.

Industry officials note that
only 1,100 of the nation’s
170,000 fueling stations offer
E85 and have argued that the
distribution system is critical
to getting more vehicles run-
ning on alternatives.

Bush planned to inspect
some flex-fuel vehicles on the
South Lawn following the
meeting: GM’s flex-fuel
Chevrolet Impala running on
E85; Ford’s Edge HySeries, a
concept plug-in hydrogen fuel
cell; and DaimlerChrysler’s
Jeep Grand Cherokee diesel
filled with B5, a biodiesel
blend.

-Toured

The president toured a GM
plant in Kansas City, Kan., and
a Ford plant in Claycomo, Mo.,
last week, promoting the ben-

es Set
nspection

er alternatives. Bush has
sought higher fuel efficiency
standards for cars, but auto
industry officials said they did
not expect to raise their con-
cerns about the proposal.

Wagoner, Mulally and
LaSorda told a House com-
mittee this month that raising
fuel economy standards by 4
percent a year, under a White
House plan, would be expen-
sive and challenging.

Resistant

Automakers have been
resistant to swift fuel economy
increases imposed by. Con-
gress, but have backed higher
standards if they are put in
place following a review by the
Transportation Department.

“The most important thing
is to continue to bring on alter-
native fuels and to continue to
make the vehicles more effi-
cient,” Mulally told reporters
in Washington this month.
“But legislating the number on
just fuel mileage is not going to
get the benefit that we want.”

stress of a medical
emergency is hard.
enough. I facilitate
access to care while
making the task of
“paying for services —
painless ¢ QS Poss ible.”

efits of hybrid vehicles and oth-

NOTICE

NOTICE is hereby given that ANNASTACIA FENELON OF
MARSH HARBOUR, 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 19TH day of MARCH, 2007 to the Minister
responsible for Nationality and Citizenship, P.O.Box N-7147,
Nassau, Bahamas.






















NORTHERN DUNCOMBE OF #43 BURIAL GROUND
CORNER, 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
19TH day of MARCH, 2007 to the Minister responsible for
Nationality and Citizenship, P.O.Box N-7147, Nassau, Bahamas.

2h: wson I ewis, € Coordinator
Credit ane Collectian Dept.



Legal Notice

uxunous Rarbour font pantholise NOTICE
Residence with spectacular views of 2 PEA
Neegau anchits Harbour DE LA RUE HOLDINGS LIMITED

| NOTICE IS HEREBY GIVEN as follows:



















1 Sebenesaye: ete looking for an:
A insurance Services Coordinator © 5,000+ sq ft. total area
e 4 Bedrooms with 4.5 baths
_ @ Master bedroom with dressing area, Jacuzzi
and large walk-in closet
* Large balconies
* Elegantly furnished throughout with a
separate study
e Formal dining room
_® Private elevator
¢ Heated pool and spa overlooking the harbor
® Private dock for a yacht up to 75 feet
e Dedicated storage and crew areas
e Exercise room
e Indoor Garage
e Private gated entry
e Lush tropical landscaping

=f Qualifications:

an Daccaluureate Leeree it Bustness or related studies; 3 - 5 years experience at a

y level, EXcellent computer skills (Spreadsheets database management);
N ce of IOD-9 & CPP codes, preferred; Excellent computer literacy; Strong
communication and interpersonal skills essential :

(a) DELA RUE HOLDINGS is in voluntary dissolution under the
provisions of Section 137 (4) of the International Business |
Companies Act 2000.



Position Summary:
The sutccesstul Candidate will:

(b) The dissolution of the said company commence on the 22nd,
March, 2007 when the Articles of Dissolution were submitted
to and registered by the Registrar General.



Lie responsible for managing the activities of the Insurance Services Department
responsililities iuehndy the management of various Insurance financial portfolios.

(c) The Liquidator of the said company is Blue Seas Administration
Ltd., of The Bahamas Financial Centre, Shirley & Charlotte



Direct. administer and coordiate the activities of the Insurance Services Department

(o support the policies, goals and objectives established by the institution,
Continuously participates in performance improvements to enhance services to our
“customers throughout the organization. Develop collection strategies to ensure
oplimmreash tow

Streets, Nassau, Bahamas

Dated this 26th day of March, A.D. 2007
Develop relationships sith key personnel in fecal and foreign
Insurance companies.

Blue Seas Administration Ltd.
Liquidator

cellent benefits | Salary conimensurate with experience

Rent: $18,500.00 per month net

wes DOCTORS HOSPITAL NO PETS

Health Far Life

For further information and viewing call:
363-2730

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



















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C ee eramerenseme sae
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! SF A
YPricing Information As OF:
Vee day, 2? March 2007









Se urit y Div $ P/E











DD ewk -Low Change Daily Vol. EPS $ Yield
O54 Abaco Markets 82 82 0.00 0.282 0.000 N/M 0.00%}
12.05 10.60 Bahamas Property Fund 11.25 11.25 0.00 1,320 1.689 0.400 6.7 3.56%
3.60 “ 6.90 Bank of Bahamas 8.60 8.60 0.00 700 0.737 0.260 VIEL 3.02%F
0.85 0.70 Benchmark 0.85 0.85 0.00 0.265 0.020 3.2 2.35%
2°19 1.26 Bahamas Waste 2.19 2.19 0.00 0.199 0.060 10.6 2.86%}
‘ee 1.12 Fidelity Bank 1.30 1.30 0.00 0.170 0.050 7.6 3.85%
10.33 a00 Cable Bahamas 10.35 10.33 0.02 8,200 0.915 0.240 11.3 2.32%] es
m 167 Colina Holdings 2.10 2.10 0.00 996 0.078 0.040 26.9 1.90% eee x
thts 58 Commionweatthy Bank 14.15 14.15 0.00 0.998 0.680 14.0 4.86% ;
3.26 4.22 d Water BORs 4.77 4.80 0.03 0.118 0.045 40.3 0.95% Do oe want to learn the art of He do
3 2.40 fospital 246 2.46 0.00 0.295 0.000 8.3 0.00%
B.A 5.94 5.94 0.00 1,600 0.552 0.240 10.8 4.04 %§ Fencing in the Bahamas?
la) 12.45 12.45 0.00 0.779 0.570 15.7 4.58%
1.90) " 14.61 14.61 0.00 400 0.921 0.500 16.0 3.40% 5 3 5
th 7.06 7.06 ; .64¢ 0.510 10.4 2.99% yy
(1.45 0.50 Freeport Concrete 0.50 0.50 0.00 0.000 N/M 0.00% INTRODUCTORY SPECIAL oa 24
0.20 7,10 ICD Utilities ae 2 . 0.100 13.6 1.38% A
LOO 8.52 3 0.560 6.18%






figes 8-12 preliminaries are FREE,
School enroliment is FREE
(Days for those schools that are interested,
need to be reserved)

10.00 7.95%

8.3 9.04%
0.00%

Kendo and Fencing is for everybody!!!

ae sesso Ages 8-80!!
ee Pretorred Fund 2.628449" Beginners, Intermediate and

POS Mh Fh

















wd Fund
me Income Fund

1.233813°°"*



Expert Classes Available!
Train, Practice, and Prepare for Competions.



MARKET TERMS. vw
price of Colina and Fidelity







Ask $ - Selling price of Catina and hdelity * - 9 March 2007
Last Price © Last traded ovg-the-counter price °
qhted price tor daily volume Weekly Vol. - Trading volume of the prior week * - 8 February 2007 ie . .
day wo day j EPS $ - A company’s reported earnings per share for the last 12 mths For more information please contact us at:
al nares traded today NAV - Net Asset Value * - 31 January 2007 ~ IRIT NET
© paidinthe lost 12 months N/M - Not Menirurig fut a a
Lo dried by the fast 12 month camings i . FINDE®X - The Fidelity Bahamas Stock Index. January 1, 199-4 = 100 *** . 28 February 2007 INFO@KENDO SP °
ertee _8 February 2007 ( (MAXIMUM APPLICATION WILL DETERMINED THE OPENING)

$8) POR WORE OR

Sains



PRANBORMATION CALL (G42) 864-2508 ©


ort

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THE TRIBUNE





tome executives to
testify in Qwest case

@ By Andy Vuong
The Denver Post

DENVER — The Justice
Department launched its illegal
insider-trading case against Joe
Nacchio last week by showing
jurors that the former Qwest
chief executive repeatedly told
analysts and investors the com-

- pany was on solid footing in late
’ 2000 and early 2001.

The government will proba-
bly try to prove this week that
Nacchio was being told a dif-
ferent story behind closed doors
by his top executives, if federal
prosecutor James Hearty’s
opening statement is any indi-
cation.

To do so, the government

~ could call to the stand, perhaps
‘ as early as Monday, former

Qwest executives who worked
closely with Nacchio on com-
pany financial reports, such as

' chief financial officer Robin

' Szeliga and president Afshin

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state control.

statement.

TALLAHASSEE, Fla. (AP) — A judge -
ordered Maitland-based insurance company
Vanguard Fire & Casualty Co. into liquida-
tion effective Monday, more than two
months after the i insurer was placed under

Leon County Circuit Judge Terry Lewis
issued the order Thursday so that the com-
pany’s claims can continue to be paid, state
Chief Financial Officer Alex Sink said in a

Receivership

The company entered receivership in Jan-
uary. The state Department of Financial
Services, as receiver, has paid more than $6
million in claims using company assets, but.
determined the company’s cash and reserves

“In late 2000 and early 2001,
Mr. Nacchio talked to investors
frequently. And he repeatedly
told them that Qwest was dif-
ferent than his competitors who
were struggling,” Hearty said
during Tuesday’s opening state-
ments. “However, at the same
time, Mr. Nacchio is being told
very different information from
his executive team inside
Qwest.”

The government accuses Nac-
chio of dumping $100. 8 million
in Qwest stock in early 2001
while he had material, nonpub-
lic information that the compa-
ny’s finances were deteriorat-
ing.

Nacchio’s attorneys have con-
tended that he was upbeat
about the company and reluc-
tantly exercised and sold his
stock options because they were
close to expiring. They could
draw on other lines of defense,
such as attributing his sales to
programmed trading and main-
taining that he alone believed

Judge orders Florida insurer be liquidated



were not enough to keep up with claims.

The state also has sought court permis-
sion to allow Vanguard’s 57,000 homeown-
er policy holders to be offered replacement
coverage by Royal Palm Insurance Co. or
Security First Insurance Co.

Approves

If the court approves, replacement cov-
erage will begin April 25, or when individu-
als’ policies expire, whichever comes first.
Policy holders also would be free to select
other companies.

Vanguard stopped writing new policies in
January and announced it would not renew
existing caverage after April 19. Vanguard
policies will be canceled April 25 as a result
of the liquidation.

MONDAY, MARCH 26, 2007, PAGE 13B

Qwest was in line to receive
lucrative government contracts
because of his talks with secret
government agencies.

The defense witnesses, which
are expected to include Qwest
founder Philip Anschutz, will
be called after the prosecution
rests its case.

Prosecutors quickly estab-
lished their first point last week
when Qwest’s former investor
relations director Lee Wolfe
testified that Nacchio contin-
ued to publicly reiterate aggres-
sive revenue targets in the face
of an industry downturn and
growing skepticism about the
company’s finances.

But Wolfe wasn’t privy to
internal conversations Nacchio
had with his top management
team about financial results and
how they would report them to
investors, analysts and regula-
tors.

Szeliga, who started at Qwest
in 1997 as vice president of
finance and was appointed CFO




















AEMTC’s participants who successfully completed Phase
I of the Small Business training seminar pose with several
of their facilitators: From L to 'R: Det. Sgt. Lexton
Symonette, Janet Russell, Rochielle Bevans, Andrea
Curling, Bianca Simms, Michael Brown, Drexel Deal,
Alexandra Deal, Kendolyn Cartwright, Naomi Knowles
and Charliese Bevans (AEMTC’s Photo by Llewelyn

Curling)

ccessful Small Business Semit

held-Alpha Entrepreneurial Management Training
_& Consultancy Services (AEMTC)

held its third successful Small Business Training Seminar,
“How to Start & Operate a Successful Business”- Phase
|, February 19-27 & March 1, 2007 at COB’s, Grosvenor
Close Campus, Shirley Street. AEMTC is committed to
providing quality small business training to persons
interested in starting and/or growing their own businesses.
Participants engaged in a series of interactive discussions,
skills training, group presentations and networking activities.
Participants are now a part of the National Foundation for
Teaching Entrepreneurship (NFTE) Alumni Network, New
York. On Thursday March 1, 2007, at the closing ceremony,
the guest speaker, Alexandra Deal, a prospective
entrepreneur, urged participants to follow their dream of
becoming entrepreneurs. Then they were awarded
certificates of participation from AEMTC and NFTE.
Successful individuals will have the opportunity to complete
Phases II and Ill of the program. Interested persons
wishing to take advantage of this ongoing special small
business training opportunity can contact AEMTC at (242)-

393-5961,



(242)-323-5195, or e-mail them at.

‘the timeframe of Nacchio’s

- the tech downturn and news of
_accounting irregularities at

Sales Associates

Needed for a retail clothing store
Applications available @ Dorsette House.
corner of Mackey St. and Wulff Rd.

Fax resume @ 393-3320

Re RGOn hats cr wi cente

in March 2001, could provide
insight on those talks.

Szeliga pleaded guilty to one
count of insider trading in 2005
for a stock sale she made in
April 2001, which falls within

MESSENGER

Must be over 25yrs of age, only able body
man with valid driver’s license (no priors)

alleged insider Hadine, and a clean police record need apply.

“T would expect that the pros-
ecution will ask Szeliga to recall .
the discussions that she had with
Nacchio regarding the results
of the company as they were
drafting and then signing off on |.
the filings that were made with |
the SEC (Securities and
Exchange Commission),” said
former SEC chief accountant
Lynn Turner, now with invest-
ment advisory firm Glass Lewis
& Co. “And that would includé
discussions about whether the
company was doing good or bad
and how. they would describe
the results in their nepOrss to
investors.”

Mohebbi, who worked for
Qwest from 1999 to 2002, was
considered Nacchio’s right-hand
man.

He helped Nacchio orches-
trate the takeover of U S West
in June 2000, which transformed ,
Qwest from an upstart into one
of the country’s largest telecom-
munications company. Amid

Fax resume to 393-3320 by March 31.
2007.

VACANCIES

IR Seniors

CCCs

Qwest, the company nearly col-
lapsed into bankruptcy. .

Nacchio was ousted by the
board of directors in June 2002.
The company later restated $2.5
billion in revenues booked dur-
ing Nacchio’s tenure.

He was indicted on 42 crimi-"
nal counts of insider trading in
December 2005. The trial start-
ed March 19 in Denver federal
court and could last up to eight
weeks.

NIE Ac COTE LS

Responses to infol @gtbahamas.net



MUST SELL

Lot of land with a combined area of 11,500 sq.ft. being Lots #22 & 23 Kim Crescent in Baillou Dale-Sub-
division off Baillou Hill Road. The property is comprised of an 18yr old single family residence consisting
of 2,000 sq.ft. with 3 bedrooms 2 bathrooms, living, family, dining, kitchen and laundry rooms. The
building is enclosed and landscaped with a grass lawn, flowering plants and fruit trees.
Utilities: Electricity, Water and Telephone. :

For conditions of the sale and any other information, please contact:
Credit Risk Management-— Managing Director’s Office °
at: 356-1685 or 356-1608

Interested persons should submit offers in writing addressed to:
The ‘Manaeet Credit Risk Management — Managing Director’s One
P.O. Box N-7518, Nassau, Bahamas’
to reach us before April 27, 2007

The Bahamas Environment Science &:
Technology (BEST) Commission,
Ministry of Utilities & Environment

is seeking a

PROJECT MANAGER

with skills in technical writing, for the production of a public document.
The successful candidate would be able to conduct interviews, gather data |
and analyze information. The successful candidate would also be
knowledgeable about global Climate Change (CC) and the United Nations
Framework for climate Change.The successful candidate would be able to
articulate the implications and factors effecting small island states relative
to CC. The position offered is temporary and is contingent on the production _
of the document. Interested persons should send their resumes before March
29th, 2007 to the Commission office.All applicants should be available for .
interviews during the week of April 3rd 2007. Please contact the Commission
for further details at:

BEST Commission, Ministry of Utilities & Environment
Nassau Court, West Bay Street
Nassau, Bahamas_.
Tel: 322-4546 or 322-2576
Fax: 325-3509 -
Email: bestnbs@hotmail.com


PAGE 14B, MONDAY, MARCH 26, 2007

a a eee
Bahamas needs 14 per cent VAT rate

FROM page 1B

tic product (GDP) data and
information supplied by the
Customs Department to calcu-
late that this nation had a VAT
revenue base that year of about
$1.992 billion.

Having calculated that $266.2
million would be the maximum
amount of import duty and
Stamp Tax revenue lost if the
Bahamas decided to enter full
trade liberalization — sign up to
100 per cent tariff cuts for the
Free Trade Area of the Ameri-
cas (FTAA), the Economic
Partnership Agreement (EPA)

with the European Union (EU)
and the CARICOM Single
Market Economy (CSME) -
the study calculated that VAT
levied at a 13.36 per cent rate
would be required for the Goy-
ernment to enjoy a “revenue
neutral” outcome based on 2003
figures.

Revenue neutral means that
the Government would, at a
13.36 per cent VAT rate, earn
at least as much as it would lose
from abolishing import duties,
which are regarded as protec-
tionist measures and barriers to
trade by most multilateral trade
arrangements and the World
Trade Organisation (WTO).

The CARICOM study, con-
ducted by Eric Hutton, Don

RBC

SS FINCO

RBCS

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece parcel or lot of land being Lot Bomar Condominium
Westward Villas, situated in the Western District on the Island of New
Providence one of the islands of the Commonwealth of The Bahamas.
Situated thereon is a Single Family Residence consisting of 3 Bedrooms.

2 1/2 Bathrooms.

Augustin and Lindsay Holder,
said that VAT rates should be
rounded to full figures, meaning
that in the context of the
Bahamas, a 13 per cent or 14
per cent rate was necessary.

A 13 per cent rate, the study
estimated, would in 2003 have
left the Bahamas $7.2 million
below the revenue neutral out-
come, while the 14 per cent rate
would have produced a $12.7
million surplus.

Authors

The authors wrote: “The
shortfall resulting from the low-
er rate, however, could easily
be made up with the introduc-
tion of some selective excise
taxes — tobacco, alcohol, fuel
and motor vehicles.......

“One advantage to be gained
in introducing excise taxes with
a VAT is that the excise taxes
allow for ‘fine-tuning’ of the
revenue performance of the tax
system. A one percentage point
change in VAT rates has an
impact on revenues in the tens
of millions, while discrete
changes in excise tax rates might
result in revenue impacts in the
tens of thousands, or less.”

They warned, though, that
the VAT rate estimate was
dependant on how the Bahamas
designed this tax if it chose to
introduce this as an import
duties replacement, and it is not

certain — although likely — that
this nation will plump for the
VAT option. For instance, if the
Bahamas introduced VAT, it is
likely that some transactions
will be exempted or have a
zero-rate attached.

In addition, the Government
has yet to take a policy decision
on the various trade agreements
before it, including becoming a
full WTO member, so the ques-
tion of how the economy inte-
grates itself with the rest of the
world has yet to be determined.

It may be that the $266.2 mil-
lion worst-case revenue loss cal-
culated by the CARICOM
study may not happen, given
that the FTAA has ground toa
standstill and appears to have
broken up into a series of small
trade deals, multilateral agree-
ments and bilateral talks. The
majority of import duty rev-
enues lost from full trade liber-
alization would have resulted
from the FTAA, due to the high
level of imports coming from
the US, the Bahamas’ largest
trading partner.

However, the Bahamas could
still face an FTAA-style sce-
nario in regard to the US as a

result of the Caribbean Basin

Initiative (CBI). Although the
US is still attempting to get a
waiver for the CBI in the WTO
until end-2008, that agreement
will again have to be replaced
with one that provides reci-

procity, meaning that the
Bahamas will have to provide
tariff-free access for US goods
coming into this nation in line
with the benefits that the US
provides to Bahamian
exporters.

The CARICOM study con-
cluded that for full trade liber-
alization - where the Bahamas
entered into the EPA, CSME
and an FTAA-style situation,
and all tariff rates went to zero
— this nation would lose
$255.289 million in import
duties and a further $10.907 mil-
lion in Stamp Taxes.

Out of the total $266.2 mil-
lion in revenue lost, some
$261.475 million would be due
to the FTAA, with $3.555 mil-
lion given away under the EPA
and a further $1.167 million in
the CSME.

Revenue

Together, these revenue loss-
es accounted for 51.3 per cent of
total trade taxes; just over 32
per cent — or almost one third —
of total taxes collected in 2003;
some 28.66 per cent of total
government revenues; and rep-
resented a total loss equivalent
to 4.59 per cent of GDP. Import
duties usually account for just
over 50 per cent of per annum
government revenues, and this

Some $856.6 million worth of
imported goods would be

THE TRIBUNE

impacted in this scenario, with
$841.45 million or about 98 per
cent of these coming from the

US.

The CARICOM study also
assessed the impact of partial
liberalization, where tariff rates
were cut by 50 per cent across
the board. In this case, some
$133.098 million in revenue
would be lost, comprised of
$127.645 million in import
duties and $5.455 million in
Stamp Taxes. The vast majority
of this loss, $130.737 million,
would again result from any
trade deal involving the US.

The revenue losses incurred
during partial trade liberaliza-
tion would be equivalent to
25.644 per cent of trade taxes
collected in 2003; 16 per cent of
total tax revenues; and 14.3 per
cent of total revenues.

The study’s authors warned’
that their calculations might
underestimate the revenue loss-
es facing the Bahamas, given
that trade agreements could
result in the elimination or
reduction in the rates of other
taxes.

They concluded that depend-
ing on the scope of trade liber-
alization, fiscal losses for
Bahamas-CARICOM trade
were likely to be between
$0.584 million and $1.167 mil-
lion, and for the EU between
$1.777 million and $3.555 mil-
lion.

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Unit Size 450 sq ft

This property is being sold under Power of Sale contained in a Mortgage
to FINANCE CORPORATION OF BAHAMAS LIMITED.

All offers should be forwarded in writing in a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549,
Nassau, Bahamas and marked “Tender 1549”. All offers must be
received by the close of business 4:00 p.m., Friday 30th March 2007.



s 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 clients 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 strengthen our team in Nassau, we are
looking to fill the following positions:

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 investments strategies and solutions. The
acquisition of new clients will be a main focus.

The candidate will provide input to senior management
regarding client segmentation and marketing strategy
for his/her region. S/he will assist in the process of
building and developing 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.

Senate for this position include:
Minimum 5 years experience and a proven
successful track record in Wealth Management

e Minimum 5 years experience in client acquisition
and relationship building

¢ Outgoing and personable with great social skills.

In this position, the successful candidate will be
gs ciaat to:
Use communication and negotiation skills to
attract new clients and identify client needs
e Meet with clients and potential clients in social
settings
e Travel to meet With clients and potential clients

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
nes the following requirements:
Extensive experience and a proven track record
in Wealth Management
Specializing in the fields of Customer relations,
investment advice and portfolio management.
Excellent sales and advisory skills as well as solid
knowledge of investment products are key
‘requirements. Fluency in English, Portuguese
and Spanish is essential.

Interested? Written applications should be sent to:

hrbahamas@ubs. com UBS (Bahamas) Ltd.
Human Resources
P.O. Box N-7757
Nassau, Bahamas



NOTICE
RBC FINCO INVITES TENDERS
RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece parcel or lot of land being Lot #5, Lexington
Estates Subdivision situated in the Southern District on the Island of
New Providence one of the islands of the Commonwealth of The
Bahamas. Situated thereon is a Single Family Residence consisting
of 3 Bedrooms. 2 Bathrooms.

Property Size 7,410 sq ft .

Building Size: 1,350 sq.ft

This property is being sold under Power of Sale contained in a Mortgage
to FINANCE CORPORATION OF BAHAMAS LIMITED.

All offers should be forwarded in writing in a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549,
Nassau, Bahamas and marked “Tender 1911”. All offers must be
received by the close of business 4:00 p.m., Friday 30th March 2007.

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:
“ALL THAT” piece parcel or lot of land being Lot: Lot #143
Yellow Elder Gardens Subdivision, situated in the Western
District on the Island of New Providence one of the islands of the
Commonwealth of the Bahamas. Situated theron is a Single Family
Residence, consisting of 3 Bedrooms 1 Bathroom.

Property Size: 3,200 Sq Ft
Building Size: 873 Sq Ft

This property is being sold under Power of Sale contained in
a Mortgage to FINANCE CORPORATION OF BAHAMAS
LIMITED.

All offers should be forwarded in writting in a sealed
enevelope, addressed to the Manager, Royal Bank Collections
Centre, P.O. N-7549, Nassau Bahamas and marked “Tender
0878”. All offers must be received by the close of business
4:00 p.m., Friday 30th March, 2007.

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece parcel or lot of land being Apt No.23, Wild Tamarind
Condo situated in the Western District on the Island of New Providence
one of the islands of the Commonwealth of The Bahamas. Situated
thereon is Condo consisting of (3) three Bedrooms, (2) two Bathrooms.

Unit Size 1,400 sq ft

This property is being sold under Power of Sale contained in a Mortgage
to FINANCE CORPORATION OF BAHAMAS LIMITED.

All offers should be forwarded in writing in a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549,
Nassau, Bahamas and marked “Tender 2076”. All offers must be
received by the close of business 4:00 p.m., Friday 30th March 2007.

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:
“ALL THAT” piece parcel or lot of land being Lot #80,
Kennedy Subdivision situated in the Southern District on the
island of New Providence one of the islands of the
Commonwealth of.the Bahamas. Situated thereon is a Single
residence, consisting of 3 Bedrooms 1 Bathroom.

Property Size: 3,600 Sq Ft
_ Building Size:

928 Sq Ft

This property is being sold under Power of Sale contained in

a Mortgage to FINANCE CORPGRATION OF BAHAMAS |,

_ LIMITED. |, ,., ph it et

All offers should be forwarded in writting in a sealed
enevelope, addressed to the Manager, Royal Bank Collections
Centre, P.O. N-7549, Nassau Bahamas and marked “Tender
0726”. All offers must be received by the close of business
4:00 p.m., Friday 30th March, 2007.

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:
“ALL THAT” piece parcel or lot of land being Lot #400,
Yellow Elder Gardens situated in the Western District on the
island of New Providence one of the islands of the
Commonwealth of the Bahamas. Situated thereon is a Multi
Family unit consisting of 1 - 3 Bedrooms i Bathroom, and 3
Bedrooms 1 Bathroom.

Property Size: 3,200 Sq Ft

Building Size: 1,490 Sq Ft

This property is being sold under Power of Sale contained in
a Mortgage to FINANCE CORPORATION OF BAHAMAS
LIMITED.

All offers should be forwarded in writting in a sealed
enevelope, addressed to the Manager, Royal Bank Collections
Centre, P.O. N-7549, Nassau Bahamas and marked “Tender
1626”. All offers must be received by the close of business
4:00 p.m., Friday 30th March, 2007.



NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:
“ALL THAT” piece parcel or lot of land being Lot: 500ft
west of Marigold Farm Road, and south of Hanna Road,
situated in the Southern District on the Island of New Providence
one of the islands of the Commonwealth of the Bahamas. Situated
theron is vacant land.

Property Size: 16,102 sq. ft.

This property is being sold under Power of Sale contained in
a Mortgage to FINANCE CORPORATION OF BAHAMAS
LIMITED. :

All offers should be forwarded in writting in a sealed
enevelope, addressed to the Manager, Royal Bank Collections
Centre, P.O. N-7549, Nassau Bahamas and marked “Tender
3147”. All offers must be received by the close of business
4:00 p.m., Friday 30th March, 2007.



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THE TRIBUNE

MONDAY, MARCH 26, 2007, PAGE 15B





Delta head sets
example for other
chief executives

m@ By MATT KEMPNER
Cox News Service

ATLANTA -- Who walks
away from millions of dollars?

Bosses of some giant compa- |

nies do, it turns out.

While CEOs are regularly
lambasted for accepting big pay
packages, it isn’t unusual for
_ corporate titans to swallow
short-term pay cuts, skip bonus-
es or temporarily opt for $1
salaries - although it is often for
the promise of long-term
rewards. It happens at compa-
nies that are soaring as well as
at those where employees need
‘ to be convinced that top leaders
are sharing the burdens of hard
times.

Now, Delta Air Lines’ 74-
year-old Chief Executive Ger-
ald Grinstein has taken the con-
cept a step further. Not only did
he forgo part of a comparative-
ly low salary while leading Delta
through its Chapter 11 case, but
last week the company
announced that Grinstein will
get none of the usual payouts
that typically go to CEOs after
such cases. No stock in the reor-

ganized company. No cash

bonus. Nada.

“T like it,” said Tim Pollock,
an associate professor of man-
agement at Penn State Univer-
sity, who studies executive com-
pensation. “Our own low expec-
tations about CEO self-interest
make the gesture that muc
more powerful.”

Usually .

Usually, said Don’Lindner,
; an executive compensation

- expert with human resources
association WorldatWork,
' CEOs “are sacrificing now
because they want the company
to turn around, and then if it
works out they can profit.”

Pat McGurn describes the
practice as “trading dimes for
dollars.” : :

McGurn is executive vice
president of Institutional Share-
holder Services, which provides
research and voting advice for
shareholders. He used to keep a
' file with information about all
the CEOs taking what looked
like pay cuts, but it grew too
big.

- He cites Terry Semel. The
‘ Yahoo chief’s salary dropped
to $1 last year, but .over time he
has received options to buy mil-
lions of shares in the company.

“They get their pot of gold at
the end of the rainbow, not at

_ the beginning,” McGurn said.

“They are more than willing to
trade off short-term income in
order to receive a longer-term
share of the pie. That ends up
being-a hell of a lot more than
the salary would have been.”

Sometimes, superwealthy
bosses volunteer for less pay
even when times are good,
McGurn said. Those “share-the-
wealth” moves include the $1
salaries of Google’s co-
founders, who became billion-
aires from their stock in the
business and will make even
more if the company continues
to thrive.

-McGurn said he also sees
examples of “share the pain”
cuts - such as those by General
Motors chief Rick. Wagoner -
where corporate leaders accept

_pay reductions to take part in

the sacrifices at their troubled
companies.

Sometimes short-term moves
can backfire. Grinstein’s prede-
cessor at Delta, Leo Mullin,

ave up nearly $200,000 of his
$795,000 salary and took no
bonus for 2001 in the wake of
the Sept. 11 attacks. But two
years later, he stepped down
amid lingering controversy after
it was disclosed that Delta had
given top executives big bonus-
es in 2002 and spent millions on
special bankruptcy-proof pen-
sion trusts for them. He got $16

~ million when he left.

Series of pay cuts
Grinstein started as CEO
with less pay than his predeces-

’ sor. And it went down from

there. |
Like employees at all levels of

‘Delta, His salary was chopped °

during the more than three
years he has been CEO. His
$338,000 salary is among the
lowest for chief executives of
major U.S. corporations. Mean-
while, the value of Delta stock
he had accumulated evaporat-
éd, just as it has for everyone
who held common stock when
the airline filed for bankruptcy

protection.

Now, he is refusing to take
any extra cash, stock awards,
stock options or salary raise as
part of what may be the greatest
success of his long career in
business: Delta’s pending exit
from bankruptcy protection.

His top two lieutenants - both .
of whom already make a big-
ger salary than Grinstein - are
each in line to receive $8.4 mil-
lion in equity awards over the
next few years if goals are met,
plus another $765,000 in possi-
ble cash incentives, according
to Delta.

Company

Grinstein has told the com-
pany to consider putting the
extra compensation it would
have given him into charitable
funds for needy Delta workers
and to provide scholarships for
Delta employees, retirees and
their families.

He says he plans to step down
from the airline this summer.
Grinstein has been on Delta’s
board since 1987, but his com-
pany pension will be based on a
portion of his time as CEO, giv-
ing him just over $300 a month.
He’ll get some travel privileges
on Delta jets, but no continu-
ing health care benefits, no
office nor any club member-
ships, according to Delta.

*Sign of good faith’

Observers say CEO pay cuts
often are more about image
than substance.

“Typically, when it is done it
is cosmetic,” said Charles Elson,
who directs the University of
Delaware’s corporate gover-.
nance center... ., .- pee

And corporate chiefs who get
major pay after leading a com-
pany out of bankruptcy risk poi-
soning potential goodwill with
workers, Elson said. But he said
moves like Grinstein’s resonate
with employees. It’s “an impor-
tant sign of good faith.”

Grinstein, a Seattle invest-

~ NOTICE

NOTICE is hereby given that TONEY CLAUDIUS GRIFFIN OF
EAST STREET OP ITE ODLE CORNER, P.O. BOX N1309,
NASSAU, BAHAMAS, is applying to the Minister responsible

for Nationali

Nai _and Citizenship, for registration/naturalization
_| aS a citizen of The Bahamas, and that any person who knows

any réason why registration/ naturalization should not be
granted, should send a-written and signed statement of the
facts within twenty-eight days from the 19TH day of MARCH,
2007 to the Minister responsible for Nationality and Citizenship,
P.0.Box N-7147, Nassau, Bahamas.



eee tes
HUMAR
GESOTRGZ

RAMAGEMERT

Bahamas Human Resources
Development Association

The Bahamas Human Resources Development Association is
"Growing to better serve you” in 2007.

We have restructured and reorganized to better meet the needs of our
country’s Human Resources Professionals.

If you are a Human Resources Practitioner, an Entrepreneur or a tertiary level

student studying Human. Resources Management, you need to be apart of this

vibrant: group of individuals who have chartered a course towards, “Enhancing
i ‘Hurnan Relations in the Workplace”.

We meet every third Wednesday in the month @ Luciano’s of Chicago, West Bay
Street @ 12:30pm.

Look out for future announcements of excellent topics and knowledgeable

presenters.

Our First meeting will take place April 18th, 2007.
Topic: Building Human Relations, breaking barriers in Labour Relations.



ment firm principal when he
came off the board to succeed
Mullin, is an unusual example in
several respects.

By the time he took Delta’s
controls, he was already in the
twilight of a lucrative career.
He had amassed enough wealth
to buy Bill Gates’ old lakefront
house in Seattle, tear it down
and build one he and his wife
liked better.

He’d been a partner ina
prominent law firm; served as
chief executive of Western Air-
lines before that carrier was
acquired by Delta in 1987; and
ran Burlington Northern rail-
road.

Some friends worried when

he took the CEO post at Delta. *

The job didn’t seem to come
with much upside, other than
that it was challenging. The air-
line was in a deepening financial
crisis, and employee morale -
already hurt by pay and job cuts
- was further wounded by con-
troversy over bonuses and the
bankruptcy-proof pension trusts
targeted for Mullin and other
top executives.

As an influential member of
Delta’s board, Grinstein had
played a key role in Mullin’s
1997 hiring and mentored him
early on. He was on the board
that approved the 2002 execu-
tive pay perks.

Friends wondered whether
Grinstein’s motive - at least in
part - might be that he felt he
owed it to Delta to help repair
the company’s problems.

Grinstein brushed that idea
aside in a 2004 interview: “I
must say I don’t think of it that
way.”




Fiemibiey
Real Estate

WU POVPAVT Ram tiiiceo cles iii tome rotneoneCOrmign tascem cunts es

Pe ee ee a




KLG INVESTMENTS LTD./AQUAPURE

Applicants must be at least 23 years of age,
self-motivated, disciplined and possess the
following:

e A valid driver’s license
¢ The ability to drive standard shift vehicles

Please visit out Bernard Road office
between the hours of 9:00am and 5:00 pm,
Monday - Friday to pick up an application
form.



FIRSTCARIBBEAN

INTERNATIONAL BANK

CAREER OPPORTUNITY

for

SENIOR FINANCIAL ANALYST

Qualifications:

BAHAMAS

e Accounting designation (ACCA, CPA or other similar

designation)

¢ Audit experience (Preferred)

° Prior experience working in/with financial institutions

¢ Proven analytical skills in reporting, modelling and forecasting
° Proven team management skills

General Requirements/Responsibilities:

e Assist with the preparation of annual financial statements

with IFRS

¢ Assist With the preparation of accurate and timely 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 timelines
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.

Applicants are requ
via email by April 4%,

csiqd to submit their resume with a cover letter

2007 to:

deangelia.deleveaux@ firstcaribbeanbank.com

FirstCaribbean 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.


PAGE 16B, MONDAY, MARCH 26, 2007

THE TRIBUNE

a eee eee

Banks urged to
do more to assist |
entrepreneurs




MUST SELL
VACANT PROPERTY

Lot #14721 comprising 10,000 sq.ft. in area with 83
frontage on Zinnia Road and 120 feet on Eastward Drive
in Bahama Sound of Exuma Ocean Addition West,
Exuma Bahamas










The property is undeveloped and is located
1 mile south of Emerald Bay and The Four
Seasons Resort.





For conditions of the sale and any other information,
please contact:
Credit Risk Management — Collection Unit at:
Phone: 356-1685 or 356-1608, Nassau, Bahamas





Interested persons should submit offers in writing
addressed to:
The Manager, Credit Risk Management - Collection
Unit, P.O. Box N-7518, Nassau, Bahamas
to reach us before April 16, 2007.








ANNOUNCEMENT
PAT STRACHAN

is pleased to announce
_ the opening of his
mortgage service business

SUCCESSFUL
MORTGAGE LTD.

Offering a wide range of
mortgage services.

Located at

No.7 S.LG. Court
Winchester St. West
successfulmortgage@batelnet.bs








@ By CARA BRENNEN-BETHEL
Tribune Business Reporter

Bahamian business consultant
At urged commercial banks to
do more to facilitate entrepre-
neurs wishing to benefit from the foreign
investment pouring into this nation.
Mark Turnquest, of Mark Turnquest
and Associate companies, told The Tri-
bune that commercial banks and-other
financial institutions must collaborate with
the Domestic Investment Board to turn
entrepreneurs’ “dreams into reality”.
Without funding, a lot of good ideas are
being pushed to the side, Mr Turnquest

>

said.

He added that more needs to be done to
ensure that opportunities be given to
Bahamians, rather than hiring foreigners.

Flip

On the flip side, Mr Turnquest said
Bahamians needed to do more to take the
initiative themselves, and come up with
innovative approaches to supplying devel-
opers’ needs.

“Bahamians should start to aggressive-
ly pursue new market opportunities to

become entrepreneurs. They need to
change their paradigm shift and embrace

the opportunities now, or else foreigners“
will once again benefit from the growth of
our nation,” Mr Turnquest s°‘d. Mi

“Future entrepreneurs should now be,’
conducting market research and feasibili~'
ty studies to determine which supporting;
products and services to offer at a profit.”

Bahamians need to stop being compla-
cent-and seize this new opportunities in the
Bahamas, he added.

Mr Turnquest’s comments come on the ,
heels of the recent launch of the Domestic
Investment Board’s brochure, which out-
lines the process and concessions avail-
able for Bahamians who start their own
business.

Marginal airlift impact |

from US cancellations ©

@ By CARA BRENNEN-BETHEL
Tribune Business Reporter

THE cancellation of flights from the
US due to recent bad weather has had
only a marginal impact on hotel arrivals
and air service into the Bahamas.

According to Tyrone Sawyer, director
of airlift in the Ministry of Tourism, sev-
eral flights coming in and out of the US
into Nassau were impacted, chiefly US
Airways, which has the majority of flights
coming into the Bahamas from the north-

GRAND BAHAMA POWER COMPANY
Keeping Grand Bahama's Future Bright

Vacancy Notice

A vacancy exists in the Transmission & Distribution Department of
Grand Bahama Power Company, fora DRAUGHTS MAN.

eastern US.

Mr Sawyer said two flights - between
Nassau and New York and Nassau and
Philadelphia - had to be canceled due to
bad weather on Friday and Saturday. The
passengers on the flights had to be re-
accommodated, with some arriving in
Nassau on Sunday and the rest on Mon-
day.

Atlantis’s vice-president of external
affairs, Ed Fields, said the resort was
impacted only slightly.

The British Colonial Hilton did not see

any impact at all , said their spokes- .
woman, Opal Gibson,.
On Friday, passengers on several of the
380 scheduled flights that US Airways
cancelled that day were trapped aboard
planes on the tarmac for seven to eight
hours.

Almost half the airline's 1,200 flights
from Friday through Sunday were can-
celled. There were few cancellations or
delays yesterday, airport spokeswoman »°,
Phyllis Van Istendal told The Associated *
Press.

RESORT MARINA
THE BAHAMAS

Ambitious, hardworking and highly motivated Bahamian

The duties include but are not limited to performing drafting tasks
necessary to record construction and maintenance details and changes
to T&D and Steam Plant system and preparing detailed drawing from
engineers sketches. Designing and managing the construction of
changes to the company’s civil structures and field collection of system
graphical information by GPS. The incumbent wil! also assist Managers,
Engineers, Superintendents and Supervisors in preparing Construction
details as dictated by system changes. This position reports to the Planning
and Scheduling Manager.

couple sought to run established marina and restaurant
on Rum Cay.

Montana Holdings Ltd owners of Rum Cay Resort
Marina, currently under development have just acquired a sister
property, on the island of Rum Cay. Sumner Point Marina extends
over 26acres across the south eastern corner of the island with docking
for 30 boats up to 160 ft in length, a newly refurbished 30 seater
restaurant and guest accommodation for up to 16 persons.

: . Responsibilities include but are not limited to:-
The applicant must be fluent in the use of AutoCAD and should be § _ @ all marina, restaurant and lodging operations;

familiar with data management applications MS Office, Internet ° Full 2 and any calls ee including F+B,
. . . . ‘ reservations and inventory control.

technologies, mobile Computing etc. and have experience with GPS Oversee all maintenance and repairs

equipment and associated GPS software packages. The applicant should Manage housekeeping of rental villas

also have the ability to understand the difference between data types and

Supervision of staff and suppliers.
know the impact and consideration when designing a database, especially Co-ordinate Montana client visits to Rum cay
in Microsoft Access.

Manage Montana Sales Office on Rum Cay

Skills and Attributes
The ideal applicant will be a Bahamian with an Associated Degree in
Drafting. However, the minimum requirements are a High School
Diploma and BGCSE or GCE ‘0’ level passes in Mathematics and
English Language. Applicants must have a minimum of five (5) years
drafting experience (preferably with a utility), technical studies covering
technical drawings and technical report writing and be competent in the
use of computers.

minimum 5 years prior management in a similar establishment
Excellent marine, general engineering and maintenance skills
Experienced chef or professional qualification in hotel and
catering management

Superb organisational and administrative skills

Extremely computer proficient

Highly motivated self starters who have the will and talents to
operate a challenging business in a remote location with total
autonomy

Applicants with supporting documentation including a clean Police
Certificate and proof of Bahamian citizenship should be sent to:

Remuneration package commensurate with experience, will include
competitive salary and benefits, return flights to Nassau, fully subsidised
accommodation.

THE DIRECTOR OF HUMAN RESOURCES
GRAND BAHAMA POWER COMPANY, LIMITED
P.O. BOX F-40888
FREEPORT, GRAND BAHAMA, BAHAMAS
Email: brdept@gb-power.com

Closing date for applications 04/04/2007.
H.R. Manager
Montana Holdings Ltd
P.O. Box N-9322
Nassau, Bahamas

Fax 677 3007



Deadline for receipt of applications is MARCH 31, 2007



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