Citation
The Tribune.

Material Information

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

Subjects

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

Notes

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

Record Information

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

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Volume: 103 No.194



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Seven-year-old boy
from US sustains
fatal head injuries

@ By KARIN HERIG
Tribune Staff Reporter

A SEVEN-YEAR-OLD
American boy died yesterday
morning on Paradise Island as
the result of a jet-ski accident,
once again calling into the ques-
tion the safety of the popular
water craft.

According to preliminary
police reports, the boy was rid-
ing on a rented jet ski with his
mother, when she lost control
of the craft. The boy fell off the
jet ski, sustaining fatal head
injuries.

The tragic accident happened
just hours after the boy arrived
in the Bahamas with his parents
and sister.

Chief Supt Glen Miller, in
charge of CDU, told The Tri-
bune that the family arrived in
the Bahamas at 8am yesterday
onboard the Majesty of the Seas
cruise ship.

The family was spending
their shore leave on Cabbage
Beach until the fatal accident
occurred at 11.30am. The boy
was taken from Paradise Island
to Princess Margaret Hospital
by ambulance and was pro-
nounced dead on arrival.

This is the third fatality
involving jet skis and speed
boats to occur on Paradise
Island in the past five years.

Last June, 14-year old
William Kay of New Jersey was
killed when a joy-riding adven-
ture became fatal,

The teenager was riding a jet
ski when he lost control and col-
lided with a boat. As a result of
the collision, the boy suffered
-.Serious injuries and was pro-

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nounced dead on arrival at the
hospital. ‘

Following this incident, jet
ski operator Patrick Glinton was
charged with operating a com-
mercial water craft without a
valid insurance certificate, cur-
rent business license and regis-
tration certificate.

He was also charged with
failing to produce a commercial
water craft to the Bahamas Port
Authority and permitting a per-
son under 18 to take control of
the water craft.

In November 2004, 44-year-
old Anthony Moretti of New
York died on Paradise Island
after his jet ski collided with one
driven by his 13-year-old niece.

The two-year-old son of
British couple Paul'and Andrea
Gallagher, died in August, 2002,
on Cabbage Beach after being
hit by an out-of control speed-
boat that was pulling a banana
boat.

Legislation was passed in
parliament last April to
strengthen regulations govern-
ing the commercial and recre-
ational uses of water craft in the
Bahamas.

The legislation imposes stiff
penalties — ranging from two
years in prison to maximum
fines of $5,000 — on jet ski oper-
ators who do not hold licences.

The new regulations also stip-
ulate that no one under 18 will
be allowed to operate or rent
jet skis. —

Although all laws seemed to —

have been adhered to in this lat-
est tragic accident, questions still
arise as to how safe jet skis real-

ly are for inexperienced tourists '

to operate.



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MONDAY, JULY 16, 2007

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THE driver of this Nissan Sentra was travelling west on Tonique Williams-Darling Highway when he lost control.

By KARIN HERIG
Tribune Staff Reporter

TWO men — one from Nassau, the other from Andros — lost
their lives in separate traffic accidents this weekend, bringing the

number of fatalities to 24 for the year.

A 25-year-old man of Pinewood, New Providence, was killed
when he was thrown from his vehicle after hitting a tree, and a
resident of North Andros died after losing control of his carin | :

the area of Nicholls Town.

According to press liaison officer Asst Supt Walter Evans, the
New Providence victim was travelling west on the Tonique -

| Court of Appeal
rules costs awarded —
over seized vehicles —

were ‘excessive’

By ALISON LOWE
Tribune Staff Reporter

INA case related to the 2002 arrest of

alleged drug trafficker Austin Knowles, the
Court of Appeal has ruled that a Supreme
Court judgment that costs of over $230,000 be
awarded by the government to two separate
companies whose vehicles were seized at Mr
Knowles! residence on the day of his arrest
was "excessive and contrary to principle."
Instead, appeal judge Justice Longley on

July 12 substituted awards of $7,000 to each of

the two owners of the luxury vehicles — a
Mercedes 5500 series, a Lexus LX jeep and a
Cadillac Escalade jeep.

Justice Longley, with President of the
Court of Appeal Dame Joan Sawyer and Jus-
tice Osadebay, presided over the appeal.

Noting in his judgment that an appellate
court "does not lightly interfere with an award
of damages made by a judge" Justice Longley
said that a court can interfere if it is clear
that a judge has "acted upon some wrong
principle of law, erred by taking into account
some irrelevant consideration, or failed to
consider a relevant factor," or if the amount

SEE page 12

(Photo: Tim Clarke/Tribune staff)

Williams-Darling Highway shortly after 6pm on Saturday when

the accident occurred.

The driver was reportedly travelling at a high speed when he

lost control of his 1996-model, white Nissan Sentra vehicle.
The car hit a tree and overturned from the impact. The dri-

ver was ejected from his seat, Asst Supt Evans said.

“National debt edges
closer to $3billion

@ By NEIL HARTNELL
Tribune Business Editor

THE Bahamas’ national debt is inching

_ closer towards the $3 billion mark, now stand-

ing less than $100 million away from that fig-
ure, as the Central Bank confirmed the fiscal
deficit’s widening in the run-up to the May 2
general election as the then-government
sought a pre-vote boost through increased
spending.

Reviewing domestic economic develop-

ments for the 2007 first quarter, the Central . 0 \ [
: of the alarming possible side-effects were

: raised, said senior pharmacist at Lowe's
: Pharmacy, Bruce Lowe, yesterday.

Bank reported that the fiscal deficit for the
three months to March 31 widened by $10.8
million to $35.6 million compared to the Be
vious year.

A 13.1 per cent rise in government rev-
enues during the first three months of 2007,
driven by a 13 per cent increase in tax rev-
enues, was outdone by rises in both recurrent
and capital spending by the Government.

The increase in government taxes was dri-
ven by growth in stamp and real property
taxes, which outshone a decline in customs
duties on imports and tourism-related taxes.

Yet recurrent spending, which goes main-
ly on the Government’s fixed costs such as
wages, salaries and property rents, rose by

SEE page 12

The victim was rushed to Princess Margaret Hospital where
he died of his injuries shortly on arrival.
The two other passengers of the Nissan, both men, also sus-

SEE page 12



Physicians are
‘watching’ Bahamian
patients on diabetes

drug ‘Avandia’

| MBy ALISON LOWE

Tribune Staff Reporter
BAHAMIAN patients taking diabetes

i drug "Avandia" are "being watched" by

; their physicians in light of reports coming

; out of the U.S. that the drug may cause

: an increased risk of heart problems, it has
- | “been claimed.

Some patients have requested that they
be put on other medication since concerns

Mr Lowe was speaking in the wake of

i reports in The Miami Herald on Friday
: .which revealed that in the four weeks fol-
: lowing an analysis which detailed the
; increased risk for those on Avandia, federal
; regulators in America have received a
: tripling of reports of side effects.

Such side-effects ranged from blisters to

sudden cardiac death, it was reported.

Mr Lowe said that healthcare profes-

sionals in the Bahamas ‘have in fact been
: aware of the potential side-effects for some

SEE page 12

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PAGE 2, MONDAY, JULY 16, 2007

THE TRIBUNE





Laing pledges to help voters |
being accused in Marco City

& By DENISE MAYCOCK
Tribune Freeport Reporter

FREEPORT - Zhivargo
Laing, MP for Marco City, said
the FNM will seek to assist
those persons who are being
accused by the PLP of voting
illegally in the Marco City con-
stituency.

The Minister of State for
Finance said that he and his
legal team have already con-
tacted several persons whose
names appear on a petition filed
by Senator Pleasant Bridgewa-
ter to contest the election results
in Marco City.

“We will continue to do all in
our power to defend the results
of the election gone by, and to
defend the good names of those
persons who were duly entitled

“in Havana. |

to vote in the last general elec-
tion in Marco City,” he said on
Sunday at his constituency
office.

He reports that in the peti-
tion Ms Bridgewater is alleging
that 19 persons who voted were
non-Bahamians and not enti-
tled to vote in Marco City, and
that 81 persons voted who were
not residents in the constituen-
cy.

Mr Laing said that the for-
mer MP for Marco City contin-
ues to compile a list of other
persons to be named in her peti-
tion before the court.

On Friday, Senator Bridge-
water claimed that almost 200
persons voted illegally in Marco
City. She also complained that
members of the FNM are con-
tacting PLPs and telling them

Flying five days a week _
except Tuesday & Saturday

that their names are on a list to
be challenged by the PLP.

Mr Laing explained that
sometime on June 21 he was
served with a notice of petition
filed by Senator Bridgewater,
petitioning the courts to review
the results of the recent elec-
tion.

In that petition before the
courts, he said, she alleges that
some 100 persons illegally voted
in Marco City, and listed the
names, date of birth and the
polling divisions in which those
persons voted.

“Tt has fallen to me, and to
us to seek out those persons and
to assist them in trying to clear
their good names, having been
accused in the courts by Ms
Bridgewater of having not been
entitled to vote,” he said.

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“IT must tell you many of
them were shocked; they were
stunned and indeed, they were
angry at discovering that they
had been so named by Ms
Bridgewater.

“What I found interesting
is that a number of those per-
sons who claim to have sup-
ported her were even more,
angry about this matter,” said
Mr Laing.

“And so, I suspect that the
calls which Ms Bridgewater
said she was inundated with,
were calls from people who
would have expected better
from her; who would have
expected, having supported
her, not to have so accused
them.”

Mr Laing said he is fully
confident that when the court
has an opportunity to review
the evidence in relation to the
matter, that nothing will
change in respect to the
results for Marco City.

“T will remain the MP for
Marco City, and the people
who decided that they didn’t
want the last MP for Marco
will have had their wishes
stand,” he said.

In addition to the Marco
City seat, the PLP is also con-
testing the Blue Hills and
Pinewood seats.



@ ZHIVARGO Laing

Mr Laing said that there are
some people who cannot
accept the will of the people
and believe that they are enti-
tled to govern the Bahamas.

“There are some people
who believe they are entitled
to be representatives of cer-
tain constituencies. And they
cannot accept the will of the
people and they try to do all
they could to get back what
they believe is duly theirs.

“There is nothing we can
do about that, but we have a
responsibility to defend the
results of the last election and
we are going to do that
assertively,” he said.

Bridgewater makes

@ By DENISE MAYCOCK
Tribune Freeport Reporter

FREEPORT .— PLP Sena-
tor Pleasant Bridgewater
claims that young persons
have to pickup applications
for government’s summer
employment programme at
FNM Headquarters, but FNM
MPs say that forms are avail-
able at the Administrator’s
office on Grand Bahama.

“Tam informed that appli-
cation forms are being issued
otit of*the office of the FNM
Headquarters, and if that is
not making the programme
political, then tell me what is?

“Not everyone is an FNM
supporter and feels comfort-
ablegoing (there),” said Ms
Bridgewater on Friday at her-
PLP office in Marco City.

However, Minister of State
for Finance Zhivargo Laing and
Pineridge MP Kwasi Thomp-
son denied the accusation.

Mr Laing said that any
attempt to suggest that the-
government is running the
programme out of FNM-
Headquarters was “absolutely
erroneous and false.”

“I might also note that Ms
Bridgewater suggested that

she heard that I had person- -

ally interviewed students and
received application forms.
Nothing could be further from
the truth... as I have never

' interviewed a student for this

programme,” he said.
Ms Bridgewater also said that

‘during the last few years the

programme has come under a
lot of scrutiny by the then FNM
opposition, which also accused
the PLP government of victim-
izing young people.

“In my opinion, how is it
being conducted now is even
worse and shameful and dis-
graceful. And furthermore, it is
wrong and should be stopped.

Mr Laing said that the sum-

claim over programme

mer employment programme
is being run out of the Admin-
istrator’s office in Freeport.
He also said that the Ministry
of Finance had transferred
some $315,000 to the Admin-
istrator’s office for the pro-
gramme in Grand Bahama.
Mr Laing said that there are
a number of supervisors for
the programme from the var-
ious constituencies who have
been assisting with the pro-
cessing and placement of stu-
dents and persons being
engaged in the summer
employment programme.

Mr Laing said that he has |
‘ received requests fromstu-

dents throughout the con-
stituency about the startof the
programme and had passed
on the names of those persons
to the relevant agency.

“To suggest that I did any-
thing in the nature of taking
applications, and personally
interviewing students is
absolutely false.

“All of my colleagues have
been participating in this pro-
gramme through their con-
stituency offices.”

He explained that some stu-
dents may have contacted the
FNM Headquarters inquiring
about applications, and the
office may have decided to get
some forms.

Mr Laing believes that the
PLP is trying to cast asper-
sions on the programme for
politicalreasons.

Pineridge MP Kwasi Thomp-
son, deputy speaker of the
House, said he was concerned
and upset over comments made
by Senator Bridgewater.

“The employment pro-
gramme is too critical for us to
use it as a political tool. We
are facing serious times in
Grand Bahama, where we are
trying to remedy the situation
that has existed for the past
five years.:









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Woman held
after handgun
ammunition
is discovered

A 33-YEAR-OLD woman
has been detained in connec-
tion with the discovery of two
9mm Ruger bullets in an Eight
Mile Rock residence.

Police found the bullets in a
bedroom in a house situated on
Golf Lane, South Bahamia at
around 6.15am on Friday, July
13 after executing a search war-
rant on the home.

The Grand Bahama branch
of the police force suspected
that the house contained dan-
gerous drugs, firearms, or both.

The woman, currently in cus-
tody at the Central Detective
Unit, is expected to be
arraigned in the Freeport Mag-
istrate’s Court this morning.

Man arrested.
after company
equipment

is stolen

A 27-YEAR-OLD man is in
police custody today in connec-
tion with the theft of $79,500
worth of equipment from the
Grand Bahama-based Bahamas
Shrimp Company.

The equipment — including
24 stainless steel pontoons, one
stainless steel water purification
system, one fibre glass dinghy
with a motor attached and a
quantity of electrical wire —
was reported missing from the
company’s premises at around .
3pm on Friday by company
manager Sophia Thompson.

She claimed that somebody,
or several people, had unlawful-
ly entered the shrimp farm, locat- ‘
ed at Queen’s Cove in the North ©
Airport Zone, during the previ-
ous week and taken the items.

Chief Supt Basil Rahming
said: “As a result, officers com-
menced an intensive investiga- .-
tion into the matter, which led
them to a business establish-
ment located cff Queen’s High-
way in the Commercial Zoné, -
where a number of the stolen.
items were recovered and a.
trailer impounded.

“An employee of the said
company was arrested in con-
nection with the matter and was
present when the trailer was
opened and unloaded at the -
police compound, where the
remainder of the stolen items
were discovered inside.”.

The 27-year-old Drake
Avenue resident is expected to
be formally charged in connec-
tion with the matter today.

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THE TRIBUNE

MONDAY, JULY 16, 2007, PAGE 3



© In brief —

19-year old
stabbed
standing
near home

A 19-YEAR-OLD man is in
hospital after sustaining several
stab wounds during an attack
on Saturday.

According to press liaison
officer Asst Supt Walter Evans,
the young man was standing
“not too far away” from his
home in Centreville at around
6pm when he was assaulted by
an unidentified male attacker.

The attacker was armed with
a knife and stabbed the 19-year-
old several times, Mr Evans
said.

The young man was taken to
Princess Margaret Hospital,
where he is currently being
treated for his injuries.

Armed men
rob resident
of Coconut

Grove.

POLICE are searching for
two men who robbed a resident
of Coconut Grove at gunpoint
on Friday night.

It is reported that the resi-
dent was, standing outside his
house at around 11pm when
two men approached him.

One of the men was armed
with a handgun, the other with a
knife.

They robbed their victim of
$350 in cash and his cellular
phone before fleeing on foot.

Investigations into the mat-
ter continue.

US lifts ban
partially on
mangos
from Haiti

@ HAITI
Botrale Prince

THE United States has par-
_ tially lifted a ban on mango
‘imports from Haiti that was
imposed after fruit fly larvae
was found in three shipments
sent to Florida, Haiti’s ambas-
sador to Washington said Fri-
day, according to Associated
Press.

US agriculture investigators
currently in the Caribbean
country inspected and certified
three of the nine treatment
plants designed to rid Haitian
mangos of pests, allowing them
to resume shipments immedi-
ately, Ambassador Raymond
Joseph told The Associated
Press.

Three other treatment facili-
ties will be inspected and should
be certified soon, while the
remaining three, the origin of
the affected shipments, will be
dealt with later, Joseph said
after days of high-level talks
between the countries. :

“We wanted to be able to
resume shipments as soon as
possible because the mango is
an important income earner for
the Haitian economy,” Joseph
said, adding that the first crates

of the fruit should leave Haiti:

next week.

US agriculture officials did-
n’t.immediately return calls
seeking comment.

US Animal Plant Health
Inspection Service spokes-
woman Melissa O’Dell said the
United States halted Haitian
mango imports after inspectors
in Florida found fruit fly larvae
in three shipments on June 25
and July 2.

Haiti earns between $20 mil-
lion and $40 million per year
for mango export and the US
is its main customer.

Share
your
news

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

for improvements in the
area or have won an
award.

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

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Christie: FNM focus on solving
crimes, not preventing them

B By ALISON LOWE
Tribune Staff Reporter

THE Ingraham administra-
tion’s focus appears to be “on
beefing up the tools to catch
the perpetrators of crimes
rather than on a sustained pre-
vention programme,” when it
comes to law enforcement,
said PLP leader Perry Christie
yesterday.

Addressing supporters dur-
ing a Sunday afternoon web
chat, Mr Christie was,asked to
explain the difference between
Urban Renewal and “Com-
munity Policing” — the ban-
ner applied to changes imple-
mented by the Royal Bahamas
Police Force since the new
government came to power,
seen by some as a “restructur-

ing” of the Urban Renewal.

Programme.

Yesterday, Mr Christie said
that community policing was
“but one element of Urban
Renewal”.

“Urban Renewal included a
significant number of pro-
grammes being co-ordinated
from within the community
itself and led by the police. The
primary focus of UR is on peo-
ple rather than buildings.

“The working task forces
comprised police officers,
social workers, environmen-
tal health officers and volun-
teers from the community,”
he said.

According to the former
prime minister, the involvement
of the police in “every aspect of
community development
(allowed them to) forge a pos-
itive relationship with the mem-
bers of those communities”. .

He accused government of
“a total lack of understanding
by the current administration
as to what Urban Renewal
really is”.

He added:
understand, their attempt to





; We Won't Be Undersold!

“Tf they do’

~ Roller Shades

dismantle it under the guise of
improving it is totally irre-
sponsible and uncaring."

The Urban Renewal Pro-
gramme, which has now
become something of a politi-
cal football, won international
awards and praise.

Under the FNM, it was
claimed that Urban Renewal
would continue, but not nec-
essarily in the same structure
as before.

» Minister of National Secu-

rity Tommy Turnquest had

stated that police must do
“police work”.

Some police officers were

removed from Urban Renew-
al centres around the island in
recent weeks as senior police
said the most effective means
of fighting crime was ensuring
constant police presence “on
the streets”.

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However, days after the
murder of David Rolle on the
steps of an empty Nassau Vil-
lage Urban Renewal centre —
at a time when there would
previously have been officers
occupying the building —
assistant commissioner Mar-
vin Dames stated that officers
were in fact on site at many
centres across New Providence
again.

Urban Renewal was previ-
ously touted as the “brain-
child” of Mr Christie, setting
out to tackle inner city prob-
lems such as crime and anti-
social behaviour with a com-
bined effort between police
and social workers.

However, controversy was
stoked two weeks ago when
minister of housing and nation-
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architect of the programme.
During last week’s web chat,

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PAGE 4, MONDAY, JULY 16, 2007



The Tribune Limited

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

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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

Shirley Street, P.O. 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

PLP faces leadership decision

ADRIAN GIBSON in his column, “Young
Man’s View”, published in The Tribune on Fri-
day, discussed former prime minister Perry
Christie’s future as leader of the PLP.

There are those, including Mr Christie, who
believe that despite his party’s recent defeat at
the polls, Mr Christie should remain as its
leader. Others think he should resign to make
way for a more decisive leader. .

After listing Mr Christie’s acoomplishments
during his five year tenure as prime ministef, Mr
Gibson commented:

“With that said, as with most former leaders
of countries that suffer election defeats, Mr
Christie must begin grooming potential succes-
sors and should step down in the coming
months. In Canada, which is also a parliamen-
tary democracy that adheres to the statutes for
the Westminster system, when.the Liberal Par-
ty was ousted former Prime Minister Paul Mar-
tin not only relinquished his post as parliamen-
tary leader, but also resigned-as party leader.
Martin’s resignation came within two months of
his party’s defeat.” -

All this is true, but Mr Gibson did not have to
go as far afield as Canada for an example of

’ what is expected under the Westminster sys-
tem when a party leader fails to lead his party to
victory at the polls.

When the polls closed in 1987, announcing
that the FNM had lost once again to the goy-
erning PLP, FNM leader Kendal Isaacs

announced his resignation. He said he.was step-

ping down to make way for the more.forceful
figure of Cecil Wallace-Whitfield to lead the
party’s post election battle for the government.

The interesting point to note under the West-
minster tradition is that only a prime minister

who leads his party to defeat at the polls is_
expected to offer his resignation immediately. .. .

Not so an opposition leader. But in the inter-
est of his party and the country, Mr Isaacs (lat-
er Sir Kendal), although not obliged to do so,
decided to bow out to make way for a younger,
more dynamic man.

This was Sir Kendal’s second defeat as party
leader in a general election. The first defeat
was in 1982. On that occasion he picked up the
pieces and soldiered on until the 1987 election
when he gave up his leadership role, but
remained in the House as MP for Delaporte.

At the time Arthur Foulkes (now Sir Arthur),
who was then FNM spokesman, explained that
“Mr Isaacs felt that at this particular time, Mr
Whitfield: would be a better person to lead the
party.”

Today, Sir Arthur will tell you that the FNM
made tremendous strides under Sir Kendal in
both of those elections. For the first time, since



For the best deal in

the FNM’s internal split into two parties, Sir
Kendal led a once-again united party to gain 11
seats in the House.

“Tt was the first time,” said Sir Arthur, “that
we got a solid foothold in the House and we
were very pleased.” In the 1987 election, the
party won 16 seats. ‘

Sir Arthur said that the real reason for Sir
Kendal’s resignation was that he could not
understand after all the exposure of corruption
in the 1983/84 Commission of Inquiry into the
transshipment of drugs, accusations that went as
high as Cabinet level, that the Bahamian people
could possibly return the PLP government. In
1982 he had called for parliament “to be dis-
solved as soon as possible to save the country’s
image” and the integrity of its institutions. He
was referring to another scandal — the Manila
affair — for which the PLP:government was
forced to appoint a select committee to investi-
gate allegations of payoffs to Cabinet members
and civil servants.

Sir Kendal could not understand how
Bahamian voters would not reject such base
corruption. Instead of losing faith in the people,
he lost faith in his own leadership.

Sir Arthur said that the blame did not rest
with Sir Kendal, but with the corrupt 1987 elec-
tion. “We knew that the elections were cor-
rupt,” said Sir Arthur, “but it was not until the
elections were over that we learned the depth of
their crookedness.”

At the time the FNM said that it lost the

election because of massive. frauds, multiple:

voting and chain balloting.

“Mr Isaacs is a good leader,” said the late Sir
Cecil Wallace Whitfield on June 25, 1987, short-
ly after Sir Kendal’s resignation. “He did a good
job. It’s unfortunate that the elections were
cheated from underneath us. I don’t blame him
for the FNM loss. The loss is attributed to the
fraudulent manipulation of the system to pro-
duce a fraudulent result.” ;

As an Opposition leader, Sir Kendal did not
have to resign. However, he sincerely believed
that he owed his party.a second chance to mend
its fences, and gather its forces under a stronger

- leader. Sir Cecil did not live to see that victory.

It was left to Hubert Ingraham, once a leading
light in the Pindling cabinet, to lead the FNM to
its 1992 victory over a corrupt government that
had earned a “nation for sale” label for this

., country.

“Let the chips fall where they may,” said a
disillusioned Hubert Ingraham when the 1984

‘ Commission of Inquiry found so many in the

PLP government smeared with the drug scandal.
In 1992 the “chips” fell, chasing Pindling and his
colleagues from the seat of power.

~ convenience to any home.

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE



‘disastrous
pre-independence
weekend on Briland’

EDITOR, The Tribune.

ONE of the principles of life
embedded in my character since
I was a child by my wise old
grandmother, Vera Hanna was
simply this, “where ignorance
is a bliss, ’tis folly to be wise”.
This philosophical approach to
any crisis situation would be a
wonderful tool for those in
charge ‘of administering the
affairs of the Bahamas. All too
often, what is required is simply
a commonsense solution to
much of the nation’s problems.

The foundation of our
democracy is that the govern-

ment is a representation of the ,

wishes of the people and not
the other way around. This is
probably why President Abra-

_ ham Lincoln came up with that
famous saying, “a government
of the people, by the people and
for the people!” The govern-
ment by its very definition must
act in the best interest of the
people to ensure their well-
being. If there is a doubt, then
the citizen must be given the
benefit of the doubt, and that
doubt must be resolved, in
favour of the citizen. This is true
even with Criminal Law as any
ambiguity in the Law is resolved
in favour of the criminal. Failure
to do so could result in the rea-
sonable conclusion that those
promoting such interpretation
not in favour of the defendant is
guilty of violating the rights of
that individual.

This past weekend, Bahami-
ans from all walks of life pre-
pared to celebrate the 34th
anniversary of Independence.
For the sake of national unity,
everyone was encouraged to set
aside their petty differences and
to display a sense of unity and
patriotism on this historical
milestone. Every Bahamian was

expected to celebrate in their,

own special way. For many
Bahamians and tourists alike,
this meant spending the week-
end on that sweet little island
that we affectionately call “Bri-
land”. This is the island that
knows how to party and visitors
can enjoy themselves in a safe
and hospitable environment
where the locals have an inter-
national reputation for friendli-
ness. Furthermore, this is the
island with the best tourism
product in terms of repeat busi-
ness or visitor satisfaction, not
just in the Bahamas, but in the
entire region. And so they came
to ’Briland in droves. It seems
that anything floating or smok-
ing was a vehicle to get to this
Bahamian paradise. The two
major marinas were crowded
with pleasure crafts and it was
almost impossible to get a seat

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letters@tribunemedia.net

on a plane or the Bahamas Fast- -

ferry’s flagship, “the Bohengy”.
The hotels reported a healthy
booking. The venue was set for
what most expected to be a
wonderful weekend of celebra-
tions.

Regrettably, while persons
were planning their weekend of
fun and frolic in ’Briland, there
were those bureaucrats in Nas-
sau who were conspiring to ruin
the weekend on ’Briland.
Unknown to local authorities
in ’Briland, at the highest level
of the Police Force, plans were
being made to close down all
of the Bahamian owned liquor
establishments on ’Briland. This
malicious plan was to be exe-
cuted after Spm on Friday after-
noon, July 6, 2007. Should an
establishment be found in
breach of their licence, no mat-
ter how minor the infraction,
they would be closed down for
the entire weekend. As all Goy-
ernment offices would be closed
for the weekend, they would
have to wait until Monday, July
9, before they could remedy
their situation. This action of
acting as Judge, Jury and Pros-
ecutor is most unfair as it vio-
lates the Rules of Natural Jus-
tice. The punishment of busi-
ness loss for that weekend for
even a minor infraction of the
licence is most unjust as mer-
chants had invested a signifi-
cant amount of monies in stock
in anticipation of a busy week-
end.

The administration of this
injustice was swift and without
mercy. The historic Vic-hum
Club, JJ’s, Seagrape’s (home of
the musical group The ’Brilan-
ders) and Grant’s.Liquor Store
were all summarily closed.

No reasonable protest was
accepted by Assistant Commis-
sioner of Police James Carey,
the top Cop for the Out Islands
who led this operation. All the
proprietors involved in this
exercise felt that the Police were
rude and unprofessional while
in the execution of their duty.

It appears that the fact that
they were from Nassau, they
were there to flex their muscles.
One proprietor expressed that
these actions were extreme and
that any individual “living or
dead” would consider these
actions wrong! Even Gusty’s
who had all of their papers in
order were ordered to open
their club so that the license
could be examined. Strong
issues were taken with the fact










PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, ROSE
MARIE CASIMIR of the Central District of New
Providence intend to change my name to MARIE
ROSE CAZIMIR. If there are any objections to this
change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, RO.Box

N-742, Nassau, Bahamas no later than thirty (30)
days after the date of publication of this notice.

that only the local Club and Bar
owners were harassed by the
Police. Not a single foreign
owned Bar or Club was
approached for any possible
violation of their licence. This
insensitive action by the Police
has only served to further divide
the community. Rather than
trying to work together, it is
now them against us. None of
the proprietors denied that they
were in breach of their licence,
it was just something that they
didn’t get around to do. Also, it
was speculated that a certain
club was the target of this sting
because of their politics. How-
ever, this idea was soon dis-
missed as businesses across the
board representing both major -
political parties were interro-
gated.

The consequences of this out-
rageous action was simply a dis-
astrous pre-Independence
weekend in Harbour Island.
Some of the disappointed visi-
tors just simply packed up and
left as some of the reasons why
they were in ’Briland were
closed. Those bureaucrats in
Nassau should be mindful of the
fact that Harbour Island pays
more than its fair share to the
national Treasury. This contri-
bution helps to pay their
salaries.

Harbour Island has achieved
the number one status in the
region on its own, as the Min-
istry of Tourism did not have a
representative there until 1995.
The Central Government
should not interfere with its
progress. After all, isn’t that
why Local Government was
created? Furthermore, Harbour
Island provides employment for
many persons from the
Eleuthera mainiand. Any down-

. turn in business on Harbour

Island could have a ripple effect. —

Steps must be taken to ensure
that this undesirable situation
does not occur in future. A clear
understanding of the proce-
dures involved must be estab-
lished so that there are no sur-
prises. It is so ridiculous that
because someone didn’t pay a
$20 licence fee that their whole
business should be hijacked and
held hostage by authorities who
refuse to look at the bigger pic-
ture.

Local Government was intro-
duced to bring the administra- _
tion of the people’s affairs clos-
er to the people, yet the Local
Government was not consulted
on this move in Harbour Island
until after the fact.

DR LEATENDORE
PERCENTIE
“Briland”

July 10, 2007.



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THE TRIBUNE



0 In brief

Forecasters
say no La Nina
- but still
active season

@ MIAMI

THE US National Oceanic
and Atmospheric Administra-
tion has predicted that La Nina
—a cooling of Pacific Ocean
waters that generally brings a
more active Atlantic hurricane
season — will be absent for the
next two months, according to
Associated Press.

But the absence of La Nina
does not necessarily herald a
tame summer for tropical
storms and hurricanes, said
Dennis Feltgen, meteorologist
and spokesman for NOAA in
Miami.

“There are so many other
ingredients that contribute to
the development of tropical
cyclones, it’s not just the fact
that we don’t have a La Nina
that comes into play here,” Felt-
gen said.

Hurricane season 2005 was a
textbook example of this. La
Nina wasn’t around, but the sea-
son managed to break records,
with 28 named storms, including
15 hurricanes, seven of which
were major.

La Nina is the counterpart to
the better known El Nino, a
warming of Pacific waters near
the equator that creates a less
conducive environment for
tropical cyclones in thé Atlantic.
Both ocean conditions are hard
to predict long-term and don’t
follow regular patterns.

This year, forecasters have
predicted an above-average
hurricane séason, which runs
June 1 through November.
They believe there will be 13 to
17 named storms, with seven to
10 of them becoming hurri-
canes.

Bishops meet
with Cuban
government
on relations

a HAVANA

ROMAN Catholic conne '

and bishops from acros$ ‘Latin

America and top‘ Cuban offi-:

cials discussed how to improve
relations between the church
and the communist government
but avoided thorny topics such
as. human rights and free
speech, according to Associat-
ed Press.

The closed-door talks took
place during a four-day Latin
American Bishops Conference,
which brought about 70 bish-
ops from the region to Havana
and ended Friday. Conference
President Raymundo Damas-
ceno Assis, archbishop of the
Brazilian shrine city of Apare-
cida, said four cardinals and sey-
eral bishops met with Cuban
Vice President Carlos Lage and
other officials.

“It was the first dialogue, the

first of what we hope will be
many between the church and
the government,” Assis said at a
news conference Friday.

Bishop Emilio Aranguren, of
the Cuban province of Holguin,
said the meeting further
improved a relationship that is
“purifying itself of prejudices.”

He said Cuban officials
agreed to allow Catholic leaders
to provide religious instruction
to foreign youngsters who come
to the island as exchange stu-
dents. Both sides also discussed
the possibility of easing bans on
Catholic and other religious
schools.

Aranguren said the church
also asked the government to
allow its leaders to play a more
active role in prisons, not only
ministering to those behind bars
but also their families.

Share
your
news

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

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

TROPICAL
EXTERMINATORS
Basen
PHONE: 322-2157







HOWARD K Stern, who is
still residing in New Providence,
has reportedly been given leave
by the Supreme Court to sue
South Carolina developer G
Ben Thompson and his lawyer
Godfrey “Pro” Pinder for tres-
passing on the Eastern Road
property “Horizons” as well as
for contempt of court.

In an exclusive report
obtained from one of its corre-
spondents, Entertainment
Tonight claimed that Mr Stern —
long-time lawyer and partner
of the deceased Anna Nicole
Smith — has been given the
“sreenlight” to legally retaliate
against those who called him a
“squatter.”

According to Entertainment
Tonight Mr Stern can report-
edly now ask the courts to have

’ Mr Thompson and Mr Pinder

jailed for trespassing and for
violating injunctions which
banned them from entering the
“Horizons” property.

The battle for the $1-million
mansion began while Ms Smith
was still alive.

Former boyfriend and real
estate developer G Ben Thomp-

Leslie Miller alleges instances of
victimisation by FNM supporters

@ By ALISON LOWE
Tribune Staff Reporter

PLPs spoke out again over
the weekend about alleged
“victimisation” of those who
support the party at the hands
of FNMs since the Ingraham
administration took power.

Speaking on radio show
Parliament Street on Sunday,
former minister of trade and
industry Leslié Miller said that
he is concerned about the
“tear that has been ingrained
in the minds of the average
Bahamian since the 2007 elec-
tion”.

“People have been dis-
placed from (their jobs) since
May 2 — just arbitrarily sent
home — and, it bothers me,”
he said.

He said that he has spoken
with his colleagues about the
alleged partisan firings, and
claims that if the practice con-
tinues to occur, PLPs may
have to “march on Bay
Street” to send a message to
Mr Ingraham, the “great
whites as well as the coloureds
who are aligned with them,
that this country belongs to
Bahamians of all areas of life,
not just those who put up the

‘money to allow the FNM to

win”.

Former prime minister Per-
ry Christie also spoke about
victimisation on his weekly
web chat, stating in response
to a query from a supporter
as to why the PLP was not
“exposing publicly” examples
of PLPs allegedly being
wrongfully dismissed that his
party intends to speak about
the matter “in a public forum
very soon”.

“We find the new FNM gov-
ernment's behaviour, in this

-regard, to be extraordinarily
divisive and harmful to’ many Ob
‘Mf LESLIE Miller

families. We have spoken’ to”
a number of persons who have
been affected and they are
deeply concerned by the fact
that their future has been
plunged into deep uncertain-
ty,” he said.

Mr Miller said that Prime
Minister Ingraham and some
of his colleagues must get the
message that you cannot vic-
timise black people in this
country.

“Be very careful how you
try to displace the small man
in this country, because at the
end of the day they're going
to try to turn on you,” he said.

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Rosetta St. -

MONDAY, JULY 16, 2007, PAGE 5

| ee eyo VAS |

Stern ‘given leave to sue’
over Eastern Road home

son claimed that the property
was a loan to Ms Smith. He
claimed that he never received
the agreed payment for it.

Ms Smith, and later Mr Stern,
maintained that the home was a
gift from Mr Thompson.

The former Playboy Play-
mate’s signature is reportedly
on the deed to the house.

Lawsuit

Late last year, Ms Smith ini-
tiated a lawsuit against Mr
Thompson for a declaration
that she was the rightful owner
of “Horizons.”

Mr Thompson in turn sued
Ms Smith for title to the home
and attempted to, unsuccessful-
ly, have her evicted from the



premises.

However, Bahamian judges
issued injunctions banning any-
one from entering the property
until the lawsuit over the home-
’s ownership was settled.

The Supreme Court order,
given to Entertainment Tonight
by correspondent Art Harris,
cites Mr Thompson’s and Mr
Pinder’s “joint and individual
breaches” of those injunctions.

According to the order,

. signed June 19, Mr Stern can

apply for “an order of commit-
tal” or contempt, against Mr
Thompson and his lawyer Mr
Pinder on the grounds of heing
in breach of the rulings which
were given by the Bahamian
Supreme Court in November
of last year and in February this
year.

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PAGE 6, MONDAY, JULY 16, 2007

LOCAL NEWS

THE TRIBUNE



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At least 2 or more years banking experience.
Previous experience as a Customer Service
Representative would be an asset
Key skills include: customer-oriented,
communications, confidentiality, initiative and pro-
activity, flexibility and adaptability and must be a
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Royal Bank
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. THE TRIBUNE MONDAY, JULY 16, 2007, PAGE 7
LOCAL NEWS



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PAGE 8, MONDAY, JULY 16, 2007

THE TRIBUNE



Has the United States gone bananas?

@ By Sir Ronald Sanders

(The writer is a business exec-
utive and former Caribbean
Diplomat)

Is a most remarkable
development following
closely on the heels of a meeting
in Washington between US
President George W Bush and
heads of government of
Caribbean Community (CARI-
COM) States, the United States
has taken an action at the

World Trade Organisation
(WTO) that will hurt the
economies of Caribbean banana
exporting countries.

The United States, which
does not export bananas, lodged
a complaint on June 29th to the
WTO against the banana
importing regime of the Euro-
pean Union (EU) saying that it
harms exports from Latin
American nations such as
Ecuador, Honduras, Panama
and Nicaragua.

On July 12th, the Dispute
Settlement Body of the WTO

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agreed to set up a panel to
examine the US complaint
against the EU banana regime.

Undoubtedly, the decision of
the Panel will go the route of
every other panel that has pro-
nounced on this issue since May
1997: it will instruct.the EU to
change its banana importing
regime to stop any advantage,
however miniscule, that
African, Caribbean and Pacific
(ACP) states enjoy.

This is because WTO rules
— made up largely by the
world’s richest nations espe-

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cially the US and the EU —
states in general terms that the
rules apply equally to all how-
ever large or small, rich or poor.
In this connection, the EU
banana importing regime would
be wrong to give any advantage,
however slight, to small and vul-
nerable countries.

he EU regime, which
has been battered since



Reading the
text of the US

complaint to the

WTO, it is quite
remarkable how
bereft of any

embarrassment —

the USTR’s

office can be.



1997 because of challenges at
the WTO led by the US, does
give a little advantage to small
Caribbean countries to supply a
miniscule amount of the EU’s
banana imports. And, this is the
point: it is a little advantage for
only a very small share of the
market. Equity and fairness
should dictate that a little
advantage in these circum-
stances is wholly acceptable.

In the process of these chal-
lenges, CARICOM banana
exporting countries saw the
industry decline,
exchange earnings decrease and
unemployment rise. The lives
of simple people were thrown
into confusion.

If this most recent request by

..the.US government fora WTO

Panel wasn’t so seriously harm-
ful to small Caribbean coun-
tries, it would be laughable.
Just imagine; the US appears
to be defending Nicaragua
against the CARICOM states.
Yet, it is the Nicaraguan gov-

ernment that has joined

Venezuela’s President Hugo
Chavez in denouncing the Bush
administration and in creating
the Bolivarian Alternative to
the US initiative for a Free



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Trade Area of the Americas.
The reality, however, is that it

"is not any of the Latin Ameri-

can nations named in the com-
plaint that the US is trying to
protect; it is US multinational
companies such as Chiquita that
have large banana plantations
in these countries.

| was these multination-
als who were behind the
first US complaint to the WTO
back in 1995.

Election campaign contribu-
tors to both the Republican and
Democratic parties, the multi-
nationals called in their chips
with former US President Bill
Clinton whose Democratic Par-
ty administration lodged the
first complaint that began the
crippling of the banana industry
in CARICOM states. They fol-
lowed up with the Republican
Party administration of George
W Bush.

The insatiability of these
multinationals is astounding.

Latin American banana
exports to the EU — largely
from the plantations controlled
by Chiquita, Dole and Del
Monte — already have four-
fifths of the market. The
remaining paltry one-fifth is
shared between the ACP coun-
tries.

How much more can they
possibly earn from another one-
fifth of the market,:and have
they no care for the small farm-
ers in the ACP markets,who
barely eke out a living from
their hard toil?

And what about the US

itself? Could the US Trade

Representative’s office not seek
to persuade the US multina-
tionals not to wound small
farmers in the ACP more than
the thousand cuts they have
already been dealt and from
which they are steadily bleed-
ing?
The answer is self-evident.

R exin the text of the
US complaint to the
WTO, it is quite remarkable
how bereft of any embarrass-
ment the USTR’s office can be.

Having refused itself to com-
ply with a WTO Panel ruling
that found against the US and
in favour of the small Caribbean

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@ SIR Ronald Sanders

island, Antigua and Barbuda,
over internet gaming, the
USTR’s office boldly states in
its complaint against the EU
banana regime that: “The EC
failed to bring its import regime
for bananas into compliance
with its WTO obligations by the
end of the reasonable period of
time.” It seems that rules can
be conveniently invoked and
even more conveniently
ignored.

In all of this the ACP States
and the poor farmers who are
affected by the process are
bystanders. On the face of it,
they are not the party about



African,
Caribbean and
Pacific countries
and their
small banana
farmers would
be justified in
feeling let down
by the US.



whom the complaint is being
made. The matter is between
the US and the EU — neither
of whom will lose anything —
and the ACP has no standing

_in the matter except as its vic-

tims.

African, Caribbean and Pacif-
ic countries and their small
banana farmers would be justi-
fied in feeling let down by the
US. If there ever was a moral
case for claiming that a coun-
this
surely must be it.

Responses to: ronald-
sanders29@hormail.com

TOYOTA RAV 4

LA



yaarwd IHSIaNsLiw












n4ung



Tae 8.8. F.e 7 >
Ste ree es ’

“ew

a







THE TRIBUNE MONDAY, JULY 16, 2007, PAGE 9



Artists stepping up to
express

themselves



M@ MARION Dussie, a college student with Bahamian ancestry, from Opa Locka, Florida, shares a
poem written by her Bahamian aunt during the latest session of "Express Yourself," on July 4,
2007. The event, held at."Da Island Club" in the Nassau Beach Hotel, is an open mic forum for
poets, musicians and performance artists to share their work. The next session will take place
Wednesday, July 18, 2007, at 8pm.

@ AUDIENCE members listen to poets and singers

@ SONIA Farmer reading one of her long-form poems
(Photos: Eric Rose)

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PAGE 10, MONDAY, JULY 16, 2007 THE TRIBUNE

meee) §=Bike and Car show
gives back to charity

} THE Redliners Bike and
‘ Sunshine Auto Annual Bike
A tt and Car Show was held over
the weekend.

Asylum Sounds and Akenah
Modeling Agency teamed up
with Redliners Bike Club for
their first ever annual event,
dubbed “The Two Hottest Days
Of Summer”, featuring models
from Akenah Modeling Agency
at a bikini pool party on the sec-
ond day.

The first day’s events were
held at R M Bailey Park, and
there were prizes and surprises
for those at the event.

Those with the best street
bike, best trail\motard, four-
wheeler cruiser and even the
best bicycle and pocket bike
also received a prize.

According to Vado Culmer,
president of Redliners: “Our
aim is to promote community
awareness, safety and a positive
outlook towards the motorcy-
clists. Motorcyclists in the past
have received a bad rap and
Redliners are trying their
endeavour best to counteract
that, by encouraging riders to
ride safely, reduce speed and
wear helmets. Over the past
three years the event has
become quite successful and I
‘thank both the sponsors and the
patrons for that.”

Part of the proceeds from the
Bikini Biker Pool Party will be
donated to the Children's
Emergency Hostel.

Asylum Sounds. CEO Alton
Mckenzie said: “I am pleased
to finally being able to see my
dreams come true which is to
donate some of the proceeds of
the party to a worthy charity
and to encourage other
Bahamian promoters to do the
same.”

This year, City Markets came
on board and will also be donat-
ing to the hostel, as will the
Back Yard, Boyz, who enter-

tained the huge audience last
Super Outboard TCW Iil year on R M Bailey Park by

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THE TRIBUNE MONDAY, JULY 16, 2007, PAGE 11

Police hold annual reception

for Independence cele br itions





smart is Luxury

2007 FORD FUSION





SR



@ GEORGE Mosko, the largest contributor to the cost of contructing the new police conference
centre at the police headquarters on East Street, talks with Governor General Arthur Hanna and
Commissioner Paul Farquharson

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Hendrick Nairn receives a
silver salver commemmorating
his years of service to the.
police from Governor General
Arthur Hanna. Mr Hendrick
used to head the SIB in Grand
’ Bahania.




B FORMER Chief
Superintendent Ivan Taylor,
Commissioner Paul
Farquharson and former
deputy superintendent of
Police Alfred Williams at
the annual police reception
following Indepedence Day at
the police conference centre.
Mr Taylor brought down the
British flag and Mr Wiliiams
raised ithe Bahamian flag.

(Photos: Franklyn G
Ferguson)



BEC wishes to inform the residents of
Eleuthera. and Harbour Island
that ithe Corporation is experiencing

7 “generatit n problems.



DELICIOUS
STEAKS» QS

IND Ep
SEAFOOD, “a
SERVED NIGHTLY.

Presently, BEC is working around the clock to
‘correct the problem and restore an uninterrupted
power supply to the entire area.

IF any in terruption in dh electrical supply should
become necessary, BEC customers can listen to
Splash FM and ZNS 1540 AM for details regarding the
various. Settlements in Eleuthera & farbour Island.



To assist BEC in better areske the problem, you
may call this special number (242) 334-2161 or
email BEC at rocksound@bahamasel electricity. .com
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BEC regrets any inconvenience caused to its cus-
tomers and wants to thank them for their continued
patience and support.

you'd expect from a restaurant on the ocean. And the perfect wine for every meal

Black Angus Grille indulges the most ravenous appetites |





PAGE 12, MONDAY, JULY 16, 2007



THE TRIBUNE -«;

+



Shae

hand-scooped frozen yogurt

FROM page one

15.5 per cent to $334.5 million
during the first three months of
2007.

Increased wages and salaries
were cited by the Central Bank
as one of the driving forces
behind this.

And capital spending
increased by 15.4 per cent to
$36.1 million during the 2007
first quarter, due to more spend-
ing on infrastructure projects.

The Central Bank said that at
March 31, the Bahamian gov-
ernment’s direct debt stood at
$2.423 billion, having risen by
1.7 per cent during the 2007 first

quarter, as “elevated levels of °

recurrent and capital expendi-
tures completely offset” revenue
rises.

But due to all the borrowing
that central government has had
to guarantee on behalf of vari-
ous public corporations and

FROM page one

time prior to Friday's media report. Asked if he
could estimate how many people are being pre-
scribed the drug in this country, Mr Lowe said-he
could not say for sure, but noted that it is an

expénsive drug choice.

He said he did not believe that a "majority" of
Bahamian diabetes sufferers are currently tak- -

ing Avandia.

The national debt

agencies, the National Debt rose
by 1.1 per cent during the 2007
first quarter to stand at $2.914
billion — just shy of $3 billion.

And this was despite a 1.5 per
cent decline in the level of pub-
lic sector debt guaranteed by
the Government during the 2007
first quarter, indicating that no
progress has yet been made on
reining in the national debt, per-
sistent fiscal deficits and gov-
ernment spending.

The Central Bank added that
the Bahamian economy’s
growth “moderated somewhat
during the first quarter”, with
the construction industry and
foreign direct investment pro-
jects picking up the slack from
reduced tourism arrivals and a
slowdown in Bahamian con-
sumer spending.

Higher commodity prices also

impacted inflation, while the
slowdown in credit growth
boosted deposits and liquidity
in the commercial banking SYS;°
tem. : ,

Construction industry growth

,

also slowed down during the
2007 first quarter, as the number _

*
*

*" *
as
cod

1

be

and value of new building and’ °

repair projects fell by 47.8 per
cent and 49.2 per cent respec-
tively.

Total mortgage disbursements, :

declined by 8.3 per cent;
to $133.8 million, due to com-

mercial weaknesses overshad- .

yh!

owing residential mortgage bor-. ~ -

rowing.

As a result, growth in total’

mortgage lending fell by 4.7 per’

cent to 13.5 per cent to leave’ *
the total value of outstanding’ °

ole

Ulf

mortgages standing at $2.564 bile *’’

lion at March 31.

1

Physicians

126.

five heart attacks were reported by those on thé!”
drug in the 35 days before the study, 90 were p Ry
reported in the same period after. Meanwhile, |;
heart related hospitalisations went from 11 to,

While some have suggested that the sudden’,
increase in reports to the federal regulator may be,

ya

|

'
BK

mY

due to doctors not being aware previously that =
their patient's heart problems could be related to.
Avandia, drug administration and company,, 3
spokespeople have suggested the spike could be, ie
due to a "publicity effect." st
"This is a very well-known phenomenon," said |
a Glaxo Smith Kline representative, according a ei
to The Miami Herald. "It's good that there's ,
awareness of the reporting system, but drawing,
conclusions on such data is inappropriate." fe
For now, Avandia remains on the market and. .
patients are being advised to talk to their doctors,
14% less sodium and not immediately halt use.
27% fewer carbohydrates Messages left for Minister of Health Dr Hubert |, ‘
38% less sugars Minnis on Friday were not returned. wee

3 grams of protein : .
FROM page one award of $15,000 to each respon:

‘dent for a breach of their consti-. ”

Have you considered trying our yogurt vs. ice cream?
Consider the facts below and choose what's best for YOU!

TCBY hand-scooped yogurt

However, Avandia is used to control the blood
sugar levels of more than 2 million people world-
wide struggling with Type 2 diabetes, according to
press reports. Type 2 diabetes is commonly linked
to obesity, which already causes people to be at a
higher risk of heart attacks.

The data indicating a "spike" in the reports of
heart problems in the 35 days following the pub-
lication of an analysis of the drug in the New
England Journal of Medicine on May 21 was
retrieved by The Associated Press through a
Freedom of Information Act request to the fed-
eral Food and Drug Administmtion.

According to The Miami Herald, while only

54% fewer calories

79% fewer calories from fat
78% less total fat

80% fewer saturated fats

O grams of trans fat

77% \ess cholesterol

Calories from fat
Total fat g
Saturated fat g
Trans fat g
Cholesterol mg
Sodium mg
Carbohydrates g
Sugars g

Protein g

Comparison based on 4 oz serving of our Vanilla Bean 96% fat free yogurt (120 cals) vs 4 oz serving

Beas

}

of vanilla ice cream of the leading brand (260 cals).

Great on the taste and less on the waist!

Village and Carmichael Roads



awarded is too low or excessive.

In this case, while Supreme
Court Justice Jeanne Thompson
ruled that Atlantic Ocean View
Limited — owner of the Mer-

Court of Appeal

rent as they would have had to if
they had "lawfully used and
detained" them.

"It was this allegation....that

provided the premise...for the,

tutional might, explaining that only”
in "exceptional cases should theré" ‘

r
Nii

ri

be resort to claims based oni;
alleged violations of the funda- i"

mental rights provisions of the.)

constitution where parallel claims

ri

cedes and Lexus vehicles — be sae exist" so as not to devalue the “}
awarded $45,625 for the Mer- submissions that the respondents currency of constitutional pros, 5
cedes and $54,750 for the Lexus, Were entitled to damages based rections. ‘
based on daily rental values, and 00 the rate of hire each of such In this case, such exceptional ;
Cadillac owners Little Savannah _ Vehicles would fetch if they were circumstances did not exist, he ;
Enter to in Estates and Farms Limited, Tented or ee ; mee iq Said. /

He $93,075, based on daily rental val- eel ae ohn ne sh The vehicles were said to have
nies, in addition to $15,000 each R ~ been seized by DEU agents at 4
‘Toft 3 RIZR £3 68 ell for breach of constitutional right, dence." that the vehicleshad been the time of Knowles' December
4 hones with fustie Longley questioned how cece By Ui DEU or Attorney 5997 arrest at his home in *
ii a won the Supreme Court judge had iach feceeee they Were“ Bjeuthera on a warrant issued 1 «
gas 8 : et ae arrived at these awards. Sas van under the Extradition Act, after 4
nurchase oi aly 3 According to Justice Longley, He aCe The oats pe they were found on the premises!" }
PaG products cue orn wo compan, Ponce tat anova Tyre hed ntl June
CRUE Gee Me a Es8 had based the amount claimed ae cake tale Be Cone ae Ea 2003, when lawyers acting forthe _ +
Promotion ents and the Atiomey Generals office its own facts. Several factors Sony against the DEU and” !
had used the vehicles while they which coe pager the Attorney General's office for;,7 ‘
were in their possession, "thereby panied By the ie amed hides "unlawful detention of the yehi- ~ }

gaining some benefit" from the
cars without having had to pay.

In addition; he overruled the *

Sandals Royal Bahamian Resort @ Offshore Island.

Invites applications for the positions of:

SPA DIRECTOR

cles" and ' ‘exemplary and Testicrwe«.

tutionary damages."

Two dead

FROM page one

tained injuries. However, they
were treated at the hospital and
have since been discharged.

The weekend’s second traffic
fatality occurred yesterday after-
noon at around 2.30pm:in
Nicholls Town, Andros.

Chief Supt Glen Miller told |

‘The Tribune yesterday that the’.

victim was driving on Queen’s **»
Highway when he lost control of,” ,.*

his Ford Taurus, which crashed?'s

* 2

The driver, believed to a Hait=, » -
ian national, sustained severee*«
injuries in the crash. rete?

“He died on the scene and was * +=
pronounced dead by a doctor,”., my
Chief Supt Miller said.

Police on Saturday were also”, .

Applicant must have at least four years experience as the Director of a

Five star Spa must be able to train and motivate team members, good
track record in Managing people be able to establish and maintain
high standards. Formal qualifications and computer skills desirable,









be able to work flexible hours.



called to the scene of a two- ~Cat,

collision on East Street South in.“

New Providence, which left two’

1 people injured. , !
ENTERTAINMENT ; It is reported that at around *
Applicant must have worked as a Director for at least five years 6.30pm, a white, 1998-model Toy- *_'s
al; Ree y ota Camry and a red, 2000-modél * ..*
Strong organizational leadership skills must be able to work long $10 Chevrolet truck collided «’
. ene while travelling in opposite direc> . *
hours must have excellent communication skill Tons BH ask Gieer South tine?
Sapodilla Boulevard.
pei cis e Dottie ys Bee) The pick-up truck hit a guard
Fax or email résumé’s with proof of qualifications and experience to rail following the collision and
cmajor@stb.sandals.com Fax 327-6961. oe ara: The driver and hi
Pee . ; ’ ipeg . 7 woman passenger were injure
al Sig paged say bit se Sed esa ate Closing date J uly 20, 2007 in the accident and taken to hos-
Empioyees of Lowe's Wholesale, Lowe's Pharmacy and thei : pital, where they are still under-
inmediate fanily are not ellgibie for entry. Prax Bhar iweb going treatment.
( ONSUMER CONSUMERS NEED TO KNOW... .
ee What are some of the objectives of the Telecommunications Act? |
” To improve the quality and coverage of telecommun-
ications services
. To protect the interest of consumers with respect to oo
prices charged for telecommunications services ere!
. To promote effective and sustainable competition in walt








Public Utilities Commission

telecommunication services in The Bahamas

You may contact the PUC Consumer Helpline “

322-7157, Family Island toll free line 1-242-300-0233 or visit our
office at Fourth Terrace East, Collins Avenue, Nassau for more infor-
mation. Also visit cur website www.pucbahamas.gov.bs





THE TRIBUNE



i a oo
Indian High Commissioner
visits Education Ministry

H DIRECTOR of Education
Lionel Sands, Kailash Lal
Agrawal, the High Commis-
‘sioner of the Republic of
India, and permanent secre-
tary Sherylee Smith

COURTESY CALL — On
Wednesday Kailash Lal Agraw-
al, the High Commissioner of
the Republic of India, paid a
courtesy call on Education Min-
ister Carl Bethel, who in his
absence was represented by act-
ing Permanent Secretary, Ms
Sherylee Smith and Director of

Education, Mr Lionel Sands.

Mr Agrawal told them that his
country was interested in fos-
tering a more meaningful rela-
tionship with the Bahamas in
the field of education. Distance
education and training were cit-
ed as potential areas for coop-
eration. Mr Agrawal said that
India has training in the areas of
Mathematics, Science, Techni-
cal and Vocational studies and
Information Technology from
which he thinks the Bahamas
could benefit. He said that oth-
er government ministries have

already benefited from the

learning opportunities present-
ed, biit he would like to open up
thesé opportunities to more
Bahamians for greater interac-
tion between India and the
Bahamas.

Mr Sands told the High
Commissioner that there are
already some Indian educators
in thé Bahamas’ public educa-
tion system who have adjusted
well and are doing commend-
able jobs in their various subject
areas.

Ms Smith, Acting Permanent
Secretary, thanked Mr Agrawal
for his interest in partnering
with.the Ministry of Education,
Youth, Sports and Culture to
promote education and assured
him that his proposal would be
looked at very seriously.

Share
‘your
news

The Tribune wants to’hear
from people who are
making news in their
neighbourhoods. Call us.
on,322-1986 and share
your story.

“Hilton alah Nu |

Contact

Dr. Ade Thompson. M.D; B.D.







MONDAY, JULY 16, 2007, PAGE 13












































ALLS
Re

we have spent $164,000

to purchased 8 new Dialysis Machines
for the PMH Dialysis Unit.



ROYAL BANK OF CANADA TRUST COMPANY
(BAHAMAS) LIMITED
is considering applications for

Senior Relationship Manager,
_ Global Private Banking

The successful candidates should possess the
following qualifications:

¢ University degree in business or finance (or
equivalent)
e Must hold a diploma from the Canadian
' Securities Institute or Series 7, or equivalent,
C.PH. would be an asset
¢ Strong investments knowledge and experiences
working in a securities environment would be a

key asset
¢ At least five years experience in a private client
relationship management role '

¢ Demonstrated sales success and self-motivated
individual confident to work in a variable
compensation environment
Computer literate
Fluency in French and Spanish is a requirement
¢ Strong communication skills in English, French,
and Spanish
¢ Willing to work long hours to accommodate
clients located in different time zones
Trust knowledge is an asset















Please apply before July 21, 2007 to:
The Manager, Global Private Banking
Royal Bank of Canada Trust Company
(Bahamas) Limited
P.O. Box N-3024
aay NP, Bahamas |






From | to r: Todd Anderson, Vice President - Renal Dynamics; Sister Christine
Fernander, Nursing Officer - PMH; Christopher Davenport, Director of Sales &.
Services - Renal Dynamics; Mark Roberts, Tile King/FYP.

7

$342 015.26



Via fax: (242) 327-7382
“Via email: carla.jackson@rbc. com ©




www.rbcroyalbank.com/caribbean/bahamas

RBC
Royal Bank
RBC) of Canada

d trade-mark of Royal Bank of Canada
PAC uC Ger eeu a CCCs



‘Tel 242-322-4281 (day)

* *

742-324-2141



' doctoredaficoralwave.com
www. gatheringottheeagles.com







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YOU MADE ALL THE DIFFERENCE, THANK YOU



PAGE 14, MONDAY, JULY 16, 2007

es

THE TRIBUNE





Realtor attends luxury h

FREEPORT - Lanelle
Phillips of Lanelle Phillips Real
Estate recently completed a lux-
ury home marketing training
course offered by the institute
for Luxury Marketing.

The course, Certified Luxury
Home Marketing Specialist,
which covered such topics as
demographics of the affluent,
lifestyle segmentation, trends
and amenities in today’s luxury
home product, and creating a

marketing plan for the multi-
million dollar property and was
taught by Laurie Moore-Moore,
President of the Dallas-based
Institute and author of the
book, “Rich Buyer, Rich Seller!
The Real Estate Agents’ Guide
to Marketing Luxury Homes.”

“The course is a step towards
earning the prestigious Certi-
fied Luxury Home Marketing

Specialist designation which :
The Institute awards interna-.

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tionally to sales professionals
who meet performance stan-
dards in the upper-tier residen-
tial market,” said Moore-
Moore. “Lanelle Phillips is an
example of a sales associate
who works to hone the special
skills and competencies neces-
sary to provide exceptional ser-
vice in the fine homes and
estates marketplace.”

of things we
think, say or do

1. Is it the TRUTH?

2.|s it FAIR to all
concerned?

3. Will it build
GOODWILL and
BETTER
FRIENDSHIPS?

4. Will it be
BENEFICIAL to
all concerned?

www. rotary.org

Ms Phillips is an award-win-
ning sales associate who has
been in real estate since 1998
and specializes in the Grand
Bahama and Out Island mar-
kets. Ms Phillips, who opened
her own real estate company
this year, was formerly with
Harry Dann and Co. and suc-
cessfully launched the well-
respected H.G. Christie Real
Estate Company in Grand
Bahama where she was District
Manager and eventually was
promoted to Regional Manager.

“The training provided new
insight about the upper tier
market, helped me polish my
skills, and provided valuable
networking contacts with oth-
er agents across the country that
specialize in luxury properties,”
she said. “In addition, I discov-
ered new and creative tools for
promoting expensive homes
and estates and new resources
for finding buyer prospects.
Home buyers and sellers will
benefit from my new knowl-
edge.”

Phillips says she is also com-
mitted to continuing the edu-
cation of all her agents, consul-
tants and apprentices. “This is

‘ the first of a series of courses I

am taking; my staff will also be
working to improve their own
resources and education in the
real estate market.”



ome course

@ LANELLE Phillips, President of Lanelle Phillips Real Estate,
recently completed her certificatiomin Luxury Home

Marketing. Ms Phillips, who recently opened her own agency. in
Grand Bahama, has more than nine years in real estate and is:
working to earn her specialist degree in marketing multi-million
dollar homes throughout the Bahamas. i

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THE TRIBUNE

MUinwAi, wori iv, 2007, PAGE 15



~ show to address ‘ugly rumour’

“= ON MAY 2, Tommy Hil-
ifiper appeared for the very
first time on the Oprah Win-

‘ frey show to address an “ugly

_ Tumour” about racial com-

«ments he is alleged to have

“made on her show, which has
“been circulating on the Inter-
Met.

“Oprah personally invited
° “Mr Hilfiger to appear on her
«show to squash the rumour,
sefepeatedly proclaiming,

*SThat is the category of what
“tr call a BFL — a big fat lie.

t) never happened.”

«The facts remain simple
and indisputable: Prior to
“May 2, 2007, Tommy Hilfiger
‘shad never appeared on The
“Oprah Winfrey Show and
| never made any racially
inflammatory statements in
any context.

’ Ms. Winfrey debunked the
rumour as early as January
‘11, 1999 when on air she stat-
ed: "Tommy Hilfiger has nev-
er appeared on this show...
all of (the) people who claim
that they saw it, they heard
it — it never happened. I ney-
€r even met Tommy Hil-
figer.” Yet, in the pattern of a
Classic urban myth, the
rumour continued to circu-
late. After the rumour was
‘Srought to Oprah’s attention

gain, she invited Tommy

ilfiger for his first-ever
mppearance on her show.

, During the May 2, 2007

interview, Tommy Hilfiger
talked about how he enlisted
the help of outside experts to

'try to trace the source of this
‘€1roneous rumour. As for the
impact of this rumour on his
life over the years, Hilfiger
‘said, “It hurt my integrity

because at the end of the day, »

that's all you have. And if
people are going to challenge
my honesty and my integrity
and what I am as a person, it
hurts more than anything
else...It has really hurt BY
heart.”

To coincide with the airing
of the segment Tommy Hil-
figer has released the follow-
ing statement:

“Words can be fleeting, but
actions withstand the test of
time,” he said. “Friends, fam-
ily, and business colleagues
who know me, who see the
way I live and conduct busi-
ness, know that the rumour
is complete nonsense. This
show will finally extinguish
the rumour once and for all.”

When Elizabeth Christen-
Covington, the local franchise
holder for Tommy Hilfiger in
the Bahamas, was asked
about the effects the rumour
had had on the brand in the
Bahamas, she responded, “It
has definitely had an effect,
but at the same time, we are
very grateful to Bahamians
because it seems that most
people didn’t listen to the
gossip and continued to love
and support the brand mak-
ing it one of the strongest
brands in the country. A
great many Bahamians prob-
ably heard the rumour from a
friend or read the rumour on
the internet or via e-mail, but
didn’t -believe it, because it
was only ever a rumour
passed over the internet and
via e-mail and there was nev-
er any proof.”

When asked if Oprah Win-
frey and Tommy Hilfiger
appearing together would

LOCAL NEWS

Tommy Hilfiger appears on Oprah



@ FASHION Designer Tommy Hilfiger backstage during The
Tommy Hilfiger Fall 2007 Collection, in New York in February.
Hilfiger appeared on the Oprah Winfrey show for the first time on
May 2.

finally squash the rumour, she
responded, “We really hope

"so. It is very unfortunate that

this talented designer and
these great clothes and acces-
sories were tarnished by a
rumour that was never true.
When Oprah Winfrey heard
that the rumour had persisted

_ irvine celebrates Independence anniversary



| INTERNATIONAL airline carrier HA inerichn Eagle coloured the Bahamas’ 34th idgesnieuss

‘anniversary i in true Bahamian style. The airline adorned their workstations in the nations colours of

‘black, gold and aquamarine, while staff members wore 34th anniversary attire. Local and visiting pas-
Ԥengers were able to enjoy some favourite Bahamian treats like Junkanoc Punch pode, candies and

Messerts prior to departure.



(AP Photo/Jennifer Graylock).

for almost 10 years,.she
decided to invite him on the
show and try to squash it
once and for all. We were
obviously very happy to hear
that she took this step. We
are also delighted to let peo-
ple know that Tommy Hil-
figer, along with Quincy

YOUR CONNECTION:

TENDER
RESEARCH COMPANY —



m OPRAH Winfrey personally invited Mr ee on to her

show.

Jones and Russell Simmons,
among others, are. co-chair-
ing The Dream Concert,
which will benefit the build-
ing of the memorial for Dr.
Martin Luther King Jr. on the
National Mall in Washington,
DC?

“We are very appreciative
to the Bahamian public for
their good faith and support

(AP Photo)

over the 15 years that we

have been in business,” she
said.. _

“We will continue to pro-
vide great looking, high qual-
ity clothing, shoes and acces-
sories for the entire family
and hope that the Bahamian
public continues to love and
support Tommy Hilfiger.
Thank you.” -

TO THE WORLD

‘The Bahamas Telecommunications Company Ltd. (BTC) is
pleased to invite Tenders to provide the BTC with Market
Research Assistance. Research Assistance includes; local market
scope, field work and research information on the Bahamas
Telecommunications Industry.

Interested companies/firms may collect a Tender Specification
from the Security Desk located in the Administrative Building,
BTC John F. Kennedy Drive, between the hours of 9:00am and
4:00pm Monday through Friday.

The deadline for submission to tenders is on or before Friday
July 27th, 2007 at 5pmy Tenders should be sealed and marked
“TENDER FOR RESEARCH COMPANY” and should be
delivered to the attention of Vice President of Marketing, Sales
& Business Development, Mr. Marlon Johnson.

BTC reserves the right to reject any, or all Tenders.

buted by Lowe's Wholesalé

393-7111



» Fax: 393-

‘onpvabitin bhsicnal

ic INSECTS

ithe gps

Ce

SC

die





PAGE 16, MONDAY, JULY 16, 2007

THE TRIBUNE



CARIBBEAN NEWS



Critics lobby for
cockfighting ban
in Puerto Rico

@ PUERTO RICO
Isia Verde

WITH cockfighting about to
lose its last bastion in the Unit-
ed States, animal rights activists
are training their sights on Puer-
to Rico, a US territory where
the blood sport is both beloved
tradition and big business,
according to Associated Press.

Cockfighting is illegal in 49
states, and the governor of
Louisiana — the pastime’s last
US refuge — signed.a law Thurs-
day that will make it a crime to
fight birds beginning August
2008. New Mexico banned the
sport on June 15.

But Puerto Rico shows no
signs of following suit any time
soon:. Cockfighting is so
entrenched that the territory’s
legislature recently approved a
bill establishing it as a “cultural
right” of islanders.

"There are many people who
enjoy this sport and we are not

‘introduced the bill.

going to allow any group of peo-
ple to come here and prevent
that right,” said Carlos Molina, a
pro-statehood lawmaker who
“The sport
does no damage to anyone,”

On Saturday at Club Gallisti-
co, a cockfighting arena outside
San Juan, the shouts of bettors
rose with each frenzied lunge
of two sinewy roosters pecking
and kicking at each other with
curved plastic spurs until one
was bloodied and near death.

“Cockfighting is a strong part
of the culture of Puerto Rico.
People are very emotional
about it,” said Maximo Cerame,
a breeder of gamecocks with
prized bloodlines, as he weighed
a wager on a rust-colored roost-
er during Saturday’s parade of
bird bouts.

The Isla Verde arena is one
of 103 licensed cockfighting pits
in the US Caribbean territory
where the pastime is so wide-
spread that devotees say they

feel no threat from animal rights
activists.

But they could soon feel pres-
sure from organisations such as
the People for the Ethical
Treatment of Animals, which
considers cockfighting barbaric.

4 The cruel blood sport (is)
illegal in every US state. and
now it is time for Puerto Rico to
follow suit,” PETA spokes-
woman Heather Carlson said in
an e-mail.

Wayne Pacelle, chief of the
Humane Society of the United
States, said the group plans to
closely monitor the island’s
industry to ensure cockfighters
are not violating a new federal
law that makes the transport of
fighting birds ‘or cockfighting
implements abroad or across
state lines a felony. US Presi-
dent George W Bush signed the
bill into law in May.

“We do plan to mount a cam-
paign to appeal to the many
Puerto Ricans who agree with



@ PUERTO Rican breeder Rene Rodriguez holds a fighting bird up to its sparring partner, during:
a training session, at his farm in Aibonito, central Puerto Rico or:

our perspective that this. prac-

tice constitutes needless cruel-

ty,” Pacelle said by phone.
Puerto Rican aficionados,

however, say activists and US.

politicians cannot erase a tra-
dition dating from Spain’s colo-
nization of the Caribbean island
more than five centuries ago.
Even islanders who avoid
cockfights often ruffle at main-
landers casting judgment on
what many consider the nation-

-al sport of the island, where ~

symbols of separateness from
the United States, such as the
Puerto Rican flag and Olympic

team, are widely treasured.

There are also major eco-
nomic considerations.

Puerto Rico’s cockfighting
industry employs about 50,000
people “in a direct or indirect
manner” and some 1.25 million
fans buy tickets each year to
crowd licensed cockpits, according
to the island’s Sports and Recre-
ation Department. More people
pay to see cockfights in the island
than pay to see baseball games.

With an estimated 100,000
fights each year generating
nearly US$400 million in ticket

sales, some proponents argue

~D
(AP Photo/Ricardo ee

Puerto Rico should marke
cockfighting as a tourism draws,
especially now that it’s near
an entirely underground spo
in the United States:

Andrew Robertson, a 194
year-old Canadian vacationel
who attended the Saturday
cockfights at Club Sane
with college friends, said he
found the pastime ntiguing 4 !

“It’s kind of like watching
boxers in the ring,” said th :
Montreal resident. “Of course,
the boxers don’t die at the end:
of the fight, but you can still see
some similarities." é

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Castro suggests Washington fails to stop.attacks on US soil to justify war on terror

@ HAVANA

FIDEL Castro suggested
Sunday that Washington has
deliberately failed to stop ter-
rorist attacks against Americans
because it needed to “deliver a
bang” that would justify its war
on terror, according to Associ-
ated Press.

In the latest in a series of
essays that Cuba’s 80-year-old
Maximum leader has begun
writing every few days, Castro
seized on US Homeland Secu-
rity Secretary Michael Chertof-
f’s comments this past week
expressing a “gut feeling” that
the United States faces an
increased risk of attack this
summer.

“The government of the
United States sees and hears all,
with or without legal authori-
ty,’ Castro wrote. “They can
prevent any attack on their peo-
ple, unless there is some imper-
ial need to deliver a bang so
that they can carry on with and
justify the brutal war which has
been declared against the cul-
ture, religion, economy and
independence of other peo-
ples.”

The accusation came at the
end of an essay titled “Bush,
Health and Education,” in
which Castro claimed Cubans
are better cared for than Amer-
icans, and that his poor island
nation and its legions of doctors
working around Latin America

have done more for the region
than the US ever will.

Published in the Communist
Party youth newspaper Juven-
tud Rebelde, the essay criticised
US President George W Bush
for suggesting that recent US
initiatives have provided quali-
ty medical care to Latin Amer-
icans.

“In Cuba, where health care
is not a commodity, we can do
things that Bush cannot even
dream of,” he wrote.

Castro singled out the USNS
Comfort, a Navy medical ship
staffed by hundreds of Ameri-
can doctors and nurses dis-
patched to treat the poor in
Central America.

“Bush knows that he is lying

and that his tall tales are hard to
swallow, but he doesn’t care,”

’ Castro wrote. “He is confident

that if he repeats it a thousand
times, many will finally believe
him.”

Castro said “The Comfort,
with more than 800 people on
board, that is, medical staff and
crew, will not be able to look
after great numbers of people.”
He added that despite Washing-
ton’s 45-year-old trade embar-
go, “Bush is discovering that the
economic and political system
of his empire cannot compete
with Cuba in vital services, such
as health care and education.”

‘Castro’ did not mention the
tecent US movie “Sicko,” in

which filmmaker Michael

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Moore compares Cuba’s health
care system favourably to the

_ United States’.

Recuperating in an undis-
closed location, Castro has not
been seen in public since
announcing last July 31 that
emergency intestinal surgery
had forced him to ceded power
to a provisional government
headed by his 75-year-old
brother Raul.

For weeks now he has pub-
lished the frequent essays,
known as “Reflections of the

Commander in Chief,” in which °

he has touched on issues rang-
ing from US-backed plans to
use food crops for biofuels to
complaints about Cuba’s econ-
omy and hints about why his

recovery is taking so long. Cag.
tro’s writings seem to show he is
in no hurry to return to power,
On Sunday, he also accuse
Washington of causing an inte:

_ national brain drain, saying th

nearly half the foreigners whg |
receive advanced schooling i
the United States later opt t€
stay there.

The US embargo prohibiis
American tourists from visiting
Cuba while severely limitin
trade between both countries.
Castro claimed Washington
uses the policy to discourage
international medical equip-
ment manufacturers from sell-
ing replacement parts to Cuban
hospitals.

“Tt is disgusting,” he wrotes



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Reform our ‘dead or alive’
bankruptcy/liquidation laws

* Attorney calls for Bahamas to embrace United States Chapter 11-style protection for struggling firms
* Urges Bahamians not to live ‘in dog eats dog world’, as this is ‘catastrophic’ for small economies

ee ee ee ee ee ee ee ee ee ee ee ee ee ee eee ee ee ee nat ae eee ome ene erm ete meets ms et mt ss nat nmr met ts toms ret mh shy yet hy mth ttt mt Stadt tS tS mest yh mt het ht et et tt hs hh et sh sh ys ems ess meee nes ss me met ms ty oes

@ By NEIL HARTNELL good.
Tribune Business Editor Fred Smith, an
attorney and

he Bahamas has been

urged to reform its

“dead or alive” bank-

ruptcy and liquidation

laws, a prominent attor-

ney telling The Tribune that this
“nation should embrace US Chapter
11-style protection for Bahamian
companies that are struggling to pay
their debts for the wider economy’s

partner with Cal-
lender’s & Co,
said that given
the relatively
small size of the
Bahamian econ-
omy, businesses
that ran into dif-
ficulties should
be given more



@ SMITH

opportunity to restructure and reor-
ganise than currently.

The country, he added, could not
afford to “keep killing” Bahamian-
owned businesses off, especially if
they were just struggling with tempo-
rary cash flow problems.

“In the Bahamas, we have a guillo-
tine bankruptcy law. You’re alive or

Smith told The Tribune. “If we cut
off everyone overnight, it would be
catastrophic for the economy.

dead. There’s no in-between,” Mr

“In an economy like ours, which is
subject to the vagaries of the world
economy, we should have in our econ-
omy more sensible bankruptcy and
liquidation protection. Instead of
putting people out of business ven-
tures because they can’t pay their
debts, we should have more equitable,
legislation that allows for the recovery
of businesses, so that in time they can
meet their debts and survive.”

He added: “We can’t keep killing

bills. There’s only 300,000 residents in
the Bahamas, We should help each
other, and should not be living in a
dog eats dog kind of world.

“We should do everything we can
to help each other survive and pros-
per.’

Currently, if Bahamas-based busi-
nesses are unable to pay their debts
and meet obligations to creditors, they

SEE page 12

Baha Mar product ‘for
first time’ to meet the
market's comfort-zone |

@ By NEIL HARTNELL
Tribune Business
Editor






Wyndham renovations, as
talks with the Government -
on an agreement for the $2.4
billion Cable Beach project |
continue.

Robert Sands, Baha Mar’s
senior vice-president for |
administrative and public |
affairs, told The Tribune that |









BAHA MAR Bolsvaad it
has positioned its Cable |
Beach Resorts “to have a
product the marketplace can
be comfortable with for the
first time” for the 2007-2008
winter season, due to the
Radisson rebranding and




SEE page 6



Home Centre eyes

ruling cost benefits |

@ By NEIL HARTNELL
Tribune Business Editor

FREEPORT Concrete’s chief executive told The Tribune that
the court-ruling won by its Home Centre subsidiary will reduce
building materials and construction costs, in addition to keeping

' more money in Freeport’s economy and enabling Grand Bahama:

Port Authority (GBPA) licensees to compete more effectively
with US rivals.
Ina letter to Tribune Business (published in full on Pages 10-
_ 11B), Ray Simpson, who is also Freeport Concrete’s president,
denied comments by the Grand Bahama Chamber of Com-
merce’s president, Christopher Lowe, that the Home Centre
had been bringing in its invento-
ry entirely bonded prior to the
Supreme Court ruling in its

SEE page 15

Real estate prices rise
five per cent per year

m@ By CARA BRENNEN-
BETHEL |:
Tribune Business -
Reporter

REAL Estate prices in the
Bahamas are increasing by at
least 5 per cent each year, mak-
ing it critical for younger per-
sons to act quickly when mak-
ing land and property pur-
chases, realtors told The Tri-
bune.

Abigail Rahming, a realtor
at A and E Investments Com-
pany, told Tribune Business
that at present real estate sales
in the Bahamian market were
very strong.

“The market is on an
upswing, and if you check last
year’s prices compared to now,

_ the trend is that they are going

SEE page 15

m@ By NEIL HARTNELL
Tribune Business Editor

THE chosen Automated Clearing
House (ACH) solution will deliver more
efficiency at a cost some 75 per cent low-
er than a previously terminated selection
process, the head of the Clearing Banks
Association’s (CBA) working group said,
with the ACH expected “to be up and
running” by 2007 year-end.

Paul McWeeney, who is also Bank of

people because they can’t pay their ~

Bank solution to deliver 75 per cent lower costs

Clearing House to be ‘up and running’ by 2007 year-end

oa tai
the Bahamas International’s managing
director, said on Friday that the contract
with chosen ACH software provider Mon-
tran was being finalised, and now just
awaited final signatures —--something he
hoped to have before the weekend.

“It’s a matter of just putting final signa-
tures on it,” Mr McWeeney said. “We’re
about to start the [ACH system] testing

period. We had to ensure the agreement
captures our expectations for the ACH,
and I’m glad to say we have accomplished
that.

“We expect to have the ACH up and
running by the end of the year. There’s no .

SEE page 13




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PAGE 2B, MONDAY, JULY 16, 2007 THE TRIBUNE

TET The FirstCaribbean family is aware that to

nurture our societies, we must proudly honour



our Unsung Heroes, the extraordinary people

Ore esate iiiay who quietly make a difference and enrich our
St. Vincent & the Grenadines — 2006 HERO
Care of the Youth and Elderly
Jestina Charles has worn many hats in her
lifetime — theologian, teacher, counsellor,
seamstress, homemaker and foster mother, in
more than 50 years of helping people. She is

: renowned for her assistance to the elderly and
PIU EaE ieee for administering feeding programmes for
Cenk) over 30 years and has taught for many years
at various primary schools in St. Vincent. -

communities. We must support their causes to
which they selflessly devote their lives, and
THE BAHAMAS acknowledge the sacrifices they have made to

make our communities and countries better.

We are now accepting nominations for the 2007
By s NBO ss
FirstCaribbean Unsung Heroes. Let’s recognise
St. Lucia - 2006 Regional Runner-up
Extensive Work with the Youth and
Elderly
Laura Collymore is a retired school teacher,
mentor, counsellor, caregiver, town clerk and
humanitarian who has been actively serving
cer =) the fishing village of Laborie and its environs
WL ARGCE RAM ICL iaae for the past 30 years. She is a founding
(centre) member of Club 60, a group devoted to
engaging the elderly in activities.

the Unsung Heroes among us and help give

their causes the recognition they deserve.
anys

Send us your nomination describing their work
and the impact it has had on your community.

BRITISH VIRGIN ISLANDS ets pares
Nomination forms are available at FirstCaribbean

branches and on our website at The Bahamas — 2006 Regional Runner-Up

Care and Support of the Hearing
impaired
For the past 15 years, Marvin Finlayson has
devoted his life to reaching out to the
hearing impaired. At the tender age of six,
th whe took ill with meningitis, which left him
MINING GINIENATOINE © deaf. He became the first deaf person to
graduate from the College of The Bahamas.
Marvin is one of the founding members of
The Bahamas Deaf Sports Association.

www.firstcaribbeanbank.com
THE CAYMAN ISLANDS

Nomination forms should be addressed to:



FirstCaribbean Unsung Heroes
CURACAO i aoe
__, C/o Local Co-ordinator —

punenantinninivaatiti

FirstCaribbean International Bank
FirstCaribbean Financial Centre

BIO II ee: tie jamaica - 2006 Regional Commendation
2nd Floor Community & Social Worker
<5 Fabian Mitchell, 34, is living testimony that
Shirley Street hope is alive and well with the youth in our

region. He established the Cross Roads
Foundation, has worked voluntarily in the

we = inner-city communities of Kingston, and also
ia a Mice started a remedial programme for street boys
in the Jones Town community that became a

Nominations must be received by July 28, 2007 : model for a similar programme in another
area in the city. ;

Nassau, Bahamas
GRENADA & CARRIACQU

nates nates er htt



Ne and may be posted to the address above or

delivered to a FirstCaribbean branch near you.



SUL om Nab

ae 7

nba _

° Be willing to have their cause ise the local —
and Fegional media = :

° Be a fegionally ene person or ‘team

Sine ° Not have a high media profile

° Be a Caribbean citizen/resident for at least five years

*Be apolitical = .

ST. VINCENT & e Not seek to directly promote any religious movement

THE GRENADINES

TRINIDAD & TOBAGO

FIRSTCARIBBEAN

INTERNATIONAL COMTRUST
FOUNDATION LIMITED



TURKS & CAICOS ISLANDS



ENRICHING OUR COMMUNITIES. TOGETHER.

www.firstcaribbeanbank.com





WALL STREET

BUSINESS

Che Miami Herald |

) MONDAY, JULY 16, 2007




3B

INTERNATIONAL EDITION

Market rally unhurt as firms report 20 results

BY JOE BEL BRUNO
Associated Press

NEW YORK — Wall Street’s stun-
ning reversal this past week — going
from a nearly 150-point drop in the
Dow industrials Tuesday to an aston-
ishing 283-point surge two days later
— looks like a rally without reason.

Painful as that drop Tuesday was,
it made sense. Earnings warnings
from the likes of Home Depot, Sears
and homebuilder D.R. Horton sent
stocks tumbling and frayed investor
confidence.

But little — if anything — had
changed when stocks thundered
higher, carrying the Dow and Stan-
dard & Poor’s 500 indexes to new
closing records. The outlook for sec-
ond-quarter earnings reports, which
won’t start in earnest until the forth-

coming week, was still quite uncer-
tain, making that huge rally a little
hard to explain.

Some analysts say the advance
had nothing to do with investors’
expectations for earnings, and call it
a case of panic buying, where inves-
tors buy simply so they won’t be left
on the sidelines. That led them to
overlook the bad news of the week,
and not worry about what the next
few weeks might bring.

But that leaves critical questions
to be answered: Just what does the
market expect from earnings season?
And, if the results don’t meet those
forecasts, will investors decide this
past week’s rally was based more on
foolhardiness than fundamentals?

Projections for the second quarter
indicate that profits increased at a

MEXICO

slower pace due to rising interest

-rates globally, and the continued

drag from troubled areas like the
housing and automobile sectors.
Members of the Standard & Poor’s
500 are expected to show profit rose
4.1 percent from last year’s second
quarter, according to Thomson
Financial.

This would be the slowest growth
since the second quarter of 2002, just
before companies began a nearly
four-year burst of double-digit earn-
ings growth. But, what investors
really want to know is whether com-
panies might spring some surprises
— and perhaps beat expectations.

“TJ think investors are anticipating
earnings to be moderately good,”
said James Simos, a principal with
Oakland, Calif.-based Infinity Finan-.

=







BY JANE BUSSEY
jbussey@MiamiHerald.com

MORELIA, Mexico — For recent law school gradu-
ate Gabriel Medina, dollars from his sister in South
Florida have been his lifeline to a better future.

Each month, Elisa Medina sends her brother an
average of $300, part of her earnings from a Home-
stead plant nursery job where the native of the Mexi-
can state of Michoacan has worked since moving to
South Florida in 2001 with her three children.

For Gabriel, the remittances Elisa sends him —
“more than I earn in my job” — and the money he
saved during a year spent working in South Florida
allowed him to finish law school.

Elisa misses Mexico deeply. But here she can sup-
port her children and help out her family in Micho-
acan. “The children can go to school,
they can eat well and they can: dress
well,” Elisa said. “In Mexico, children
sometimes don’t eat.”

Although separated by distance and
the border, Mexicans like Gabriel in
Mexico and Elisa in Florida are united by
a monetary pipeline.

The flow of household remittances
has become an indelible part of bilateral
relations, with Mexico depending on the
United States to employ millions of Mex-
icans as well as buy more than 85 percent
of its exports. It is the same story in Cen-

than the

Only Mexican
crude oil
generates more
foreign income
from one source

Mexican-born

income from one source than the Mexican-born work-
ing in the United States.

“Fourteen percent of the Mexican workforce born
in Mexico now works in the United States,” said
Thierry Lemaresquier, resident representative for the
United Nations Development Program in Mexico. “It
is probably the biggest migratory phenomenon of the
planet.” ;

Michoacan and Zacatecas, the states with the high-
est dependence on remittances, actually experienced:
zero population growth from 2000 through 2005.

As the story of the Medina family shows, the fac-
tors contributing to migration include inequality and
the lack of opportunities in Mexico, a network of rela-
tives in the United States who help the recent arrivals
and the slew of U.S. businesses willing to hire cheaper
labor.

In recent years, analysts have high-
lighted the positive effects of remit-
tances as a rhajor financial resource and
as a way of fighting poverty. But a
recent report on Mexico’s human devel-
opment by the United Nations Develop-
ment Program noted that despite the
benefits to families receiving the
money, the outward migration robs
some Mexican states of large numbers
of people with mid-level educations.

The June report concludes that states
with high migration levels — despite

tral America. The trickle of migrants flee- | workin gin the receiving billions of dollars from abroad
ing violent civil wars in the 1980s turned inited Stat — would have higher levels of health,
into a tidal wave. People are Central nice ales. education and welfare if those citizens

America’s most successful export.

Hondurans currently send home funds equal to 20
percent of the country’s gross domestic product, the
broadest measure of the goods and services produced
in the country. Salvadoran remittances add up to 17
percent of the GDP. In Guatemala, Nicaragua and the
Dominican Republic, remittances comprise around 10
percent.

In Mexico, remittances make up only 2.7 percent of
the total GDP, but they account for 13 percent of the
income in Michoacan, the Medina family’s home state.



Only Mexican crude oil generates more foreign

‘stayed.

“The net effect is a loss in Mexico, which is due in
part to the level of education of those Mexicans who
emigrate to the United States,” Lemaresquier said.

The United Nations Development Program study
also made clear that people with a moderate level of
education generally migrate because lower and mid-
level jobs are so poorly paid in.Mexico and the rest of
Latin America.

Mexico’s per capita income of $7,310 is about one-

* TURN TO REMITTANCES, 8B





cial Services. “But, right now the
question is if analysts on Wall Street
have been so conservative that they
are getting it wrong.”

Indeed, during the first quarter,
analysts originally expected earnings
would grow by 8.7 percent year-
over-year, according to Thomson.
But, as the start of first-quarter earn-
ings season grew closer, mounting
concerns about corporate profits
caused them to adjust that forecast
downward to 3.3 percent. .-

The estimates have been growing
increasingly more conservative each
quarter — and that was the case dur-
ing the first quarter. After all the
results for the S&P 500 were
counted, profit grew 7.9 percent from
the year-ago period.

Part of the uncertainty is due to

HIDDEN TREASURES

the fact that earnings aren’t deter-
mined only by how much money a
company actually makes. Earnings
per share figures are being boosted
by an unprecedented pace of stock
buybacks that have been fed by the
large amounts of cash companies
have on their balance sheets; with
fewer shares outstanding, earnings
per share goes up.

S&P 500 company buybacks in the

second quarter are expected to

smash the $117.7 billion record set in
the first quarter. And, just this past
week a number of that index’s big-
gest drivers announced billion-dollar
buyback offers — including Yum
Brands, Johnson & Johnson, Conoco-
Phillips and Home Depot.

Push for more mining
stirs debate in Ecuador

BY CARLA D’NAN BASS —
Special to The Miami Herald

CUENCA, Ecuador — According
to the legend of Llanganatis, a curse
put on gold and other artifacts gath-
ered in the 16th century to ransom
Inca chief Atahualpa from the Span-
ish conquistador Francisco Pizarro
has prevented generations of adven-
turers from ever finding Ecuador’s
‘hidden treasures.

But now big-time mining compa-
nies may be about to export the
region’s wealth — not Atahualpa’s
treasure, but gold and other valuable
metals still in the ground.

__,4 booming, international, metal
market is hungry for any reserves,

including Ecuador’s estimated 1,5 mil-..
- lion metric tons of mainly g6ldy silver *
and copper. Exports could reach $4 .

billion annually, according to some
industry estimates — about two-
thirds the value of oil exports, Ecua-
dor’s current main money maker.

International mining companies
including Corriente Resources, Iam-
gold and Ascendant Copper have
explored and say they are ready to
begin producing in their concession
areas.

“Ecuador is at a transition point in

mining,” Vice Minister of Mines

Jorge Jurado said. “We are facing the
imminent possibility of large-scale
mining.”

Now, less than 1 percent of Ecua-
dor’s gross domestic product is gen-
erated by small and medium-scale
miners now operating in this small
Andean country. And this number
includes miners’ production of non-
metals such as construction materi-

als.

But some Ecuadoreans consider
the prospects for large-scale mining

‘ another curse, especially since the

sought-after metals are lying under
one of the most biodiverse topogra-
phies in the world.

Around the southern highland city
of Cuenca, Indians and other local
activists blocked roads and clashed
with police in June, and organizers
said they plan to regroup soon. The
most radical want all large-scale min-
ing concessions canceled, while oth-
ers want them suspended until more
studies are conducted.

Sitting at one intersection blocked
by a barricade of burning tires, 48-
year-old grandmother Inez Cochan-
cela squatted on a curb, smoothed
her traditional indigenous embroi-
dered skirt and explained her opposi-
tion. She and about 200 other locals
were making a last stand near the
small community of Victoria del Por-
tete outside of Cuenca after police
drove them from other protest
points.

“One of the few things we poor
people have is water,” she said. “Min-
ing will damage that.”



»

_ This type of opposition has
prompted the leftist government of
President Rafael Correa to launch a
review of the country’s 4,112 mining
concessions — most not producing
— totaling about 2.8 million hectares.

The government also has rejected
environmental impact studies, neces-
sary to begin production, for Cor-
riente Resources and Ascendent. In
addition, officials plan to propose
reforms to the existing mining law to
increase the state’s take from the
income and place more restrictions
on the industry.

Some mining representatives who
accuse the government of siding with
protesters have said they agree that
the industry needs reform, even
regarding the issue of government
revenue. But they accuse activists of
whipping up exaggerated fears and
point to the jobs min-
ing would create in
the impoverished
areas.
“Modern mining is
compatible with envi-
ronmental and social
concerns,” said César
Espinosa, president
of the Ecuadorean
Chamber of Mining.
“This is a new type of mining which
the country has not yet experienced.”

But many communities have had
bad experiences with less controlled
small-scale mining and clumsy
attempts at community relations by
big mining companies.

“These conflicts are the fruit of
some bad practices of mining compa-
nies until now,” said Patricio Vargas,
president of the Cuenca Mining
Chamber. Correa, seen as a “green”
president when he took office in Jan-
uary, promised not to repeat the
same environmental and community
relations mistakes that occurred with
oil, the country’s most valuable
export. The oil-producing Amazon
region is the site of constant conflict
between locals and oil companies.

The Correa government had pro-
posed creating a new model of com-
munity relations through a “national
mining dialog,” but street protests
indicate it is not working.

“This dialogue should have taken
place in the 1980s, before this
started,” said Lina Solano, leader of
the more radical band of opponents
in Cuenca. “We want Ecuador to be
declared a country free of large-scale



ESPINOSA

Correa has ruled out canceling
concessions, however, and ordered
police to remove protesters blocking
roads.

Although increased income from
mining could help finance his popu-
list campaign promises, if current
laws are reformed, Correa could take
a hit on popularity.

MINERAL WEALTH:
Children work in
the mines of Bella
Rica in Ponce
Enriquez, Ecuador.
The small Andean
country has an
estimated

1.5 million metric
tons of gold, silver
and copper.

ROBERT PUGLLA/EL COMERCIO



~~



THE MIAMI HERALD | MiamiHerald.com

WORKPLACE



INTERNATIONAL EDITION _

MONDAY, JULY 16, 2007 # B

Dealing with higher-ups requires skill and practice

BY MARIE G. McINTYRE
McClatchy News Service
Q: I am a young employee
who recently attained a posi-
tion that requires me to interact
with top-level managers. When
I request information from
them, I find it difficult to get
responses. I feel that I’m not
taken seriously and that I’m
being ignored because of my
age. How do I handle this?
— Young & Frustrated

A: Communicating with
busy executives can be a chal-
lenge, even for older people.
Odds are the cause of your
problem is not age, but inexpe-
rience.

Getting the attention of top
management is an art requir-
ing skill and practice.

Consider this interaction
from the viewpoint of your
target audience.

Do these unresponsive



managers know who you are?
Executives are more attuned
to people near their level, so
consider invoking your boss’
name in your requests.

Have you explained why
you need the information?

Replies are more likely to
be forthcoming when the rea-
son for a request is clear.

Emphasize how providing
this data will benefit the com-
pany. Is the information hard

to obtain or compile? The
more effort required, the
lower the response rate. Look
for ways to make the task eas-
let

Do you expect an immedi-
ate response to a single e-mail?
Executives receive a daily del-
uge of correspondence, so get-
ting to yours could take
awhile.

Since younger employees
often rely heavily on elec-

tronic communication, con-
sider following up by phone or
in person. Are you aiming too
high? If a lower-level
employee can help you, don’t
bother executives. Less-lofty
people are much more accessi-
ble.

Finally, when dealing with
an executive, the administra-
tive assistant is your secret
weapon.

Going through the assistant

often works better than con-
tacting an executive directly,
because assistants are quite
adept at extracting informa-
tion from the boss.

Marie G. McIntyre is a
workplace coach and the
author of “Secrets to Winning
at Office Politics.” Send in
questions and get free coaching
tips at www.your
officecoach.com.



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www.effcu.org
Whether you have good credit or have experienced some dificult periods, our Mortgage officers can show you
the benefis of an Easlem Financial Mortgage. We offer competitive Rates under the folowing programs’:
@ Up to 40 yr fixed rate loans. @ Up to 30 yr ARM loans (1 Yr, 3-1, 5-1, 7-1, 10-1)
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APR | RATE










DISCIORIGPTS CRAPTIAPPRFEES % DN APR

SUNNY ISLE - 305-933-6134

www.suntrust.com

PROGRAM

SUNTRUST MORTGAGE, INC*




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305-350-1100

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6.125 15 yr Fix*** 0/0 —-$20.20/300 0% 6.18
6.375 30 yr Fix** 0/0 = $20.20/300 0% 6.41
6.5 40 yr Fix" 0/0 $20.20/300 0% 6.53

*480/**360/***180 monthly payments

APR based on $275K/Restrictions apply
() 1901 Ponce de Leon Bivd., Coral Gables, FL 33134




6.49 30 yr Fix 0/0 $6/325 20% 6.55

6.15 15 yr Fix 0/0. $6/325 20% 6.25]
6.9 . 30 yr No Cost 0/0 = $0/0 20% 6.9)
5.85 5 yrARM 0/0 $6/325 20% 7.04]










THIRD FEDERAL SAVINGS 888-THIRDFED (888-844-7333)

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Rates effective for loans up to $417,000.

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305-661-3632

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GMMORTGAGE




1.5 830yrFixFlex Pay 0/0 $14/300 10% 6.95
6 15 yr Fix 0/0 $14/300 5% 6.19
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6.5 30 yr Fix 0/0 $0/250 20% 6.57
6.125 15 yr Fix 0/0 $0/250 20% 6,24
6 5/1 ARM 0/0 $0/250 20% 7.04
5.625 3/1 ARM 0/0 $0/250 20% 7.18





Interest only specialists! 2nd homes & investment properties ok.
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WASHINGTON MUTUAL HOME LOAN CENTERS

FOR A CUSTOM-FIT HOME LOAN, GIVE US A CALL

* Aventura Home Loan Center 305-937-6700
18149 Biscayne Blvd., Aventura, FL 33160
¢ Kendall Home Loan Center 305-270-7500
7556 SW 117 Avenue, Miami, FL 33183
¢ Miami Home Loan Center
. 10301 S. Dixie Hwy, 2nd Floor Miami, FL 33156
Hialeah Home Loan Center
635 W. 49th street STE .A, Hialeah, FL 33012
¢ Pinecrest Home Loan Center
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¢ Miami Lakes Home Loan Center 305-231-2240
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¢ Coral Way Home Loan Center 305-461-8900
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305-817-2000
786-573-3800









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6.375 30 yr Fix 0/0 $0/300 5% 6.42
6 15 yr Fix 0/0 $0/300 5% 6.09
6.5 30 yr Jumbo 0/0 $0/300 5% 6.59
6 5/1 ARM 0/0 $0/300 5% 6.4
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OCEAN BANK 305-569-5181

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6.75 30 yr Fix 0/1 $25/325 5% 6.92
6.375 15 yr Fix 0/1 $25/325 5% 6.66
6.125 1yrARM 0/1 $25/325 5% 7.86
7 30 yrFixJumbo 0/1. $25/325 10% 7.12

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6.125 30yrFixConv.* 0/1 $14/325 3% 6.21
6.5 30 yr Fix FHA 0/1 = $14/875 3% 6.67
6.25 40 yr Fix* 0/1 = $14/825 38% ~=—«..48
1.75 SyrFixedPMT 0/1 $14/325 10% 6.89,

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Which is the better mortgage option for you: fixed or
adjustable?

The low initial cost of adjustable-rate mortgages, or ARMs,
can be very tempting to home buyers, yet they carry a degree
of uncertainty. Fixed-rate mortgages offer rate and payment
security, but they can be more expensive.

Here are some pros and cons of ARMs and their fixed-rate
brethren.

Adjustable-rate mortgages

Advantages and Disadvantages
¢ Feature lower rates and payments early on in the loan term.
Because lenders can use the lower payment when qualifying
borrowers, people can buy larger homes than they otherwise
could buy.

* Allow borrowers to take advantage of falling rates without
refinancing. Instead of having to pay a whole new set of clos-
ing costs and fees, ARM borrowers just sit back and watch the
rates — and their monthly payments — fall.

¢ Help borrowers save and invest more money. Someone who
has a payment that’s $100 less with an ARM can save that
money and earn more off it in a higher-yielding investment.

¢ Offer a cheap way for borrowers who don’t plan on living in
one place for very long to buy a house.

¢ Rates and payments can rise significantly over the life of the
loan. A 6 percent ARM can end up at 11 percent in just three
years if rates rise sharply.

* The first adjustment can be a doozy because some annual
caps don’t apply to the initial change. Someone with an annu-
al cap of 2 percent and a lifetime cap of 6 percent could theo-
retically see the rate shoot from 6 percent to 12 percent 12





AMERICAN EAGLE FINANCIAL, INC. 866-344-7374

www.AEFMortgages.com
1 1% Fixed Pay 0/0 $0/250 5% 5.34
6.5 30/10 Int. Only 0/0 $0/250 5% 6.54
6 5/1 Int. Only 0/0 $0/250 5% 6.08
6.625 30 yr Jumbo 0/0 $0/250 5% 6.72

A DIVISION OF CFSB. ASK ABOUT OUR 1% PROGRAM

WITH FIXED PAYMENTS FOR 5 YEARS.
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AMICUS MORTGAGE GROUP 877-385-4238

www.Amicusmortgage.com

6.375 30 yr Fix 0/0 $0/300 5% 6.49
1 Pay Option - 100% 0/0 $0/0 0% 1.12
6.875 Manufactured HM 0/0 $0/300 . 5% 6.99

CALL AND LOCK YOUR RATE ANYTIME SATURDAY OR
SUNDAY AND WE'LL PAY FOR YOUR APPRAISAL. LENDER

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http://mher

PROGRAM DISC/ORIG PTS CRAPTIAPPRFEES % DN APR

800-696-SAVE (7283)



BARON MORTGAGE CORP.






BNC

Quality Service

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6.125 30 yr Fix/Conf 0/2 $20/350 5% 6.27
5.75 15 yr Fix/Conf 0/2 $20/350 5% 6.02
6.375 30yrFix/JJumbo 0/2 $20/350 5% 6.52
5.625 5yrARMConf.. 0/2 $20/350 5% 7.12
5.875 5yrARMJumbo 0/2 $20/350 5% 7.12

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www.baronmortgage.com
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BEACON FINANCIAL RESOURCE GROUP, INC. 305-234-0800
www.BFRGROUP.com

0/0










6.5 30 yr Fix $0/350 5% 6.63
6.25 15 yr Fix 0/0 $0/350 5% 6.45
6.25 Interest Only 0/0 — $0/350 5% 6.37
1.2 Option ARM 0/0. $0/350 5% 7.06

Reverse Mtg's, Interest Only, No Doo, All Credit Types, No PMI,

Constr, Lot, Equity, Foreign Nat'l, Jumbo, Commercial, Pay Option.
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BAYTRUST CAPITAL CORP. 305-270-1270/888-574-LOAN

www.baytrustcapital.com email: info@baytrustcapital.com







ws "100% FOREIGN CITIZEN & 100% NO INCOME
-.* 90% CONDOHOTELS & CONDOMINIUMS
¢ Residential Purchase, Refinance Loans to $10 Million










6.375 30 yr Fix/Conf 0/0 $0/395 20% 6.53
6.5 30yrFixint.Only 0/0 $0/395 0% 6.63
5.5 5 yr Fix Int. Only 0/0 5.63

$0/395 10%

MULTI-FAMILY & COMMERCIAL LOANS to $10MM
Fixed 30 Year Amortization “Interest Only” :

97% LTV Loans $500K to $1.5 Million



No Income Available ¢ Warehouses
* Office Buildings * Gas Stations
¢ Construction-Perm ¢ Foreign Nationals

(A) 11130 N. Kendall Dr., Miami, FL 33176 °



CAPITAL MORTGAGE FUN2ING 800-809-9580

yourcapitalmortgagefl. com

$0/300 5% 6.41



6.375 30 yr Fix 0/0






6 15 yr Fix 0/0 8 $0/300 5% 6.04
6.875 30 yr Jumbo 0/0. $0/300 5% 6.93
6.5 5 yr Fixed Jumbo 0/0 $0/300 5% 6.58

Purchase, Refinance, Same Day Approval, No Down Payment, Investment, Line of
Credit, 2nd Home, Interest Only and Best Custumer Service

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FIND MORTGAGE RATES
& INFORMATION —
ON THE INTERNET
24 HRS A DAY @
http://mherald.interest.com









MORTGAGE UPDATE

‘ARM vs. fixed-rate mortgage By Bankrate.com

months after closing if rates in the overall economy skyrock-
et.
¢ ARMs are difficult to understand. Lenders have much more
flexibility when determining margins, caps, adjustment index-
es and other things, so unsophisticated borrowers can easily
get confused or trapped by shady mortgage companies.
* On certain ARMs, called negative amortization loans, bor-
rowers can end up owing more money than they did at closing.
That’s because the payments on these loans are set so low (to
make the loans even more affordable) they only cover part of
the interest due. Any additional amount due gets rolled into the
principal balance. ;

Fixed-rate mortgages

Advantages and Disadvantages
¢ Rates and payments remain constant. There won’t be any
surprises even if inflation surges out of control and mortgage
rates head to 20 percent.
* Stability makes budgeting easier. People can manage their
money with more certainty because their housing outlays
don’t change. j
¢ Simple to understand, so they’re good for first-time buyers
who wouldn’t know a 7/1 ARM with 2/6 caps if it hit them
over the head.

* To take advantage of falling rates, fixed-rate mortgage hold-
ers have to refinance. That means a few thousand dollars in
closing costs, another trip to the title company’s office and
several hours spent digging up tax forms, bank statements, etc.
* Can be too expensive for some borrowers, especially in high-
rate environments, because there is no early-on payment and
rate break.

¢ Are virtually identical from lender to lender. While lenders
keep many ARMs on their books, most financial institutions
sell their fixed-rate mortgages into the secondary market. As a
result, ARMs can be customized for individual borrowers,
while most fixed-rate mortgages can’t.

All of these things should factor into your decision between
a fixed-rate mortgage and an adjustable.

After the initial fixed period, most ARMs adjust every year
on the anniversary of the mortgage. The new rate is actually
set about 45 days before the anniversary, based on the speci-
fied index. But some adjust as | -quently as every month. If
that’s too much volatility for you, go with a fixed-rate mort-
gage.

When rates are relatively high, ARMs make sense because
their lower initial rates allow borrowers to still reap the bene-
fits of homeownership. Rates could fall even further, meaning
borrowers will have a decent chance of getting lower pay-
ments even if they don’t refinance. When rates are relatively
low, however, fixed-rate mortgages make more sense. After

~ all, 7 percent is a great rate to borrow money at for 30 years.

Besides the standard fixed-rate and adjustable-rate mort-
gages, there are other types of mortgages and ways to finance
a home.

Jumbo mortgage

This is considered a nonconforming loan because it exceeds
the loan limit set by Fannie Mae and Freddie Mac, the two
publicly chartered corporations that buy mortgage loans from
lenders, thereby ensuring that mortgage money is available at
all times in all locations around the country. The single-fami-
ly limit changes annually and the current limit is always post-


























ald.interest.com

RATE DISC/ORIG PTS CRAPTIAPPRFEES % DN

CAPITAL TRUST MTGE. CORP. 305-670-9191

www.capitaltrustmtg.com

PROGRAM APR













6.375 30 yr Fix 0/0 $0/300 5% 6.41
6 15 yr Fix 0/0 $0/300 5% 6.04
6.875 30 yr Jumbo Fix 0/0 $0/300 5% 6.93
6.5 15 yr Jumbo Fix 0/0’ —$0/300 5% 6.58







Purchase, refinance, same day approval, no down payment, investment,

line of credit, 2nd home, interest only and BEST CUSTOMER SERVICE.
(A) 9500 S. Dadeland Bivd., Suite 450, Miami, FL 33156 — LIC#0502932



CHASE 305-598-7700



Chase offers a variety of Mortgages, including Fixed Rate,
Adjustable Rate, Interest Only, FHA and VA, First Time home-
buyer and many other Loan Products. For more information
please call one of our branches below: Kendall: 305-598-
7700/Coral Gables: 786-552-6501/Key Biscayne: 305-365-8844/

Aventura: 305-682-9034 Dadeland: 1-866-255-0709
(C) 8500 SW 117 Rd., Suite 130, Miami, FL 33183







CHOICE ONE MORTGAGE CORP. 305-259-7433

www.choiceonemortgagecorp.com
**ATTENTION SENIORS**
GET THE FACTS ON: REVERSE MORTGAGES!
NO MORTGAGE PAYMENT FOR LIFE
FREE DVD AVAILABLE
(305) 259-7433 / (800) 547-0006

L/O’S inquiries welcome
(C) 18400 Franjo Rd., Cutler Bay, FL 33157











LIC#MLO700111



COUNTRYWIDE HOME LOANS

www.countrywide.com
For Rate Information, please call one of the branches listed below:

Kendall 305-598-9898
Surfside 305-861-2019









Pinecrest 305-671-0444
eMiami Beach 305-532-8884
¢Downtown Miami 786-425-5312








305-630-5792
305-670-7275
305-446-0886

eSunset
eDadeland US1
Coral Gables
°Doral 305-597-5393
eMiami Lakes 305-820-3180

14160 Palmetto Frontage Rd. #31, Miami Lakes, FL 33016
eMiami Lakes 305-512-7100

15150 N.W. 79 Court #175, Miami Lakes, FL 33016

Equal Housing Lender. © 2007 Countrywide Home Loans, Inc., 4500
Park Granada, Calabasas, CA 91302. Trade/servicemarks are the proper-
ty of Countrywide Financial Corporation and/or its subsidiaries. For
Florida properties only. Some products may not be available in Florida.
This is not a commitment to lend. Restrictions apply. All rights reserved.
2x(A) 4500 Park Granada, Calabasas, CA 91302































COMMERCEBANK, N.A. 305-460-8585

www.commercebankfl.com



5.875 30 yr Fix 0/1 $16/300 10% 6.04
5.625 15 yr Fix o/1 $16/300 10% 5.9
6.125 30 yr Jumbo 0/1 $16/400 20% 6.25
6 5/1 yr ARM o/1 $16/300 20% 7.19





Down payments as low as 3.0% are available; call for quote.

(C) 220 Alhambra Circle, Coral Gables, FL 33134

LENDERS, PARTICIPATE
IN THIS FEATURE CALL
BANKRATE.COM
CUSTOMER SERVICE
@ 800-509-4636


























ed on Bankrate. If you need to borrow more than that, you will
need a jumbo mortgage, which generally has a higher interest
rate than “conforming” loans. Bankrate.com also surveys
jumbo mortgage’rates.

Two-step mortgage

These are mortgages that combine elements of fixed and
adjustable-rate mortgages. They go by confusing names such
as 2/28, 5/25 or 7/23. A two-step mortgage features a fixed
rate and payment for an initial period, followed by one adjust-
ment, then a fixed rate and payment for the remainder of the
loan term. A 7/23, for example, has an initial fixed period of
seven years, an adjustment, and then 23 more years of pay-
ments following the adjustment.

Balloon mortgage

Borrowers get lower rates and payments for a specific period
of time, which usually is anywhere from three years to 10
years. At that point, a borrower has to pay off the principal bal-’
ance in a lump sum. Under certain conditions, the mortgages
can be converted to fixed-rate or adjustable-rate loans. Many
borrowers either sell their homes before they get to their due
dates or end up refinancing their balances into new mortgages.

Construction mortgages

Construction loans help people who want to build homes,
rather than buy existing ones. They typically feature a two-
step borrowing process. Borrowers pay higher rates for the
duration of construction, during which time they draw money
to pay'their builders, paying only interest on the outstanding
amount. Then, they go through a second closing at which time
the loan usually converts to a traditional, long-term fixed-rate
structure.















Rates effective as of 7/11/07. © 2007 Bankrate, Inc. http://www.bankrate.com. LEGEND: (A) Mortgage Banker, (B) Mortgage Broker, (C) Bank, (D) S & L, (E) Credit Union. “Call for Current Rates” means actual rates were not available at press time. Conventional loans
are based on loan amounts of $165,000. Jumbo loans are based on loan amounts of $435,000. Points quoted include discount and/or origination. Lock Days: 30-60. Annual percentage rates (APRs) are based on fully indexed rates for adjustable rate mortgages
(ARMs). The APR on your specific loan may differ from the sample used. Fees reflect charges relative to the APR. If your down payment is less than 20% of the home's value, you will be subject to private mortgage insurance, or PMI. Bankrate, Inc. does not
guarantee the accuracy of the information appearing above or the availability of rates and fees in this table. All rates, fees and other information are subject to change without notice. Bankrate, Inc. does not own any financial institutions. Some or all of the compa-
nies appearing in this-table pay a fee to appear in this table. To appear in this table, call 800-509-4636. To report any inaccuracies, call 888-509-4636. * http://mherald.interest.com





THE TRIBUNE

MONDAY, JULY 16, 2007, PAGE 5B





Feedback on Ritz-
arlton ‘positive’
despite concern

@ By CARA BRENNEN-
BETHEL
Tribune Business .
Reporter

eedback on the pro-
posed design for the
Ritz-Carlton resort
on Rose Island has
generally been positive, its
vice-president and general
manager told The Tribune,
despite some Bahamian real-
tors voicing concerns about
plans for the multi-million dol-
lar development.
With dredging on the marina

expected to start by July’s end,
Russell Miller told The Tri-

bune that any project is bound

to have some degree. of critis-
cm levelled against it.

Letter

He was responding to\a
recent letter to The Tribune by
Ken Chaplin, a Bahamian real-
tor who expressed shock at the
design plans for the resort,
which were unveiled to a focus
group meeting.

Mr Miller said he preferred
not to comment on the mat-

NA SB

Leading Law Firm seeks Legal Secretary

| Candidates

Jone or more of the

must have experience in

following areas:

Conveyancing litigation, mortgages, and

lgeneral matters; be highly proficient in |}

ter, adding only that the Ritz-
Carlton developers had met
with a number of persons to
discuss their plans - all with
postive results.

“We held a focus group with
the majoirty of real estate bro-
kers to discuss any concerns
that they might have had. I will
only say that'the overall feed-
back from the meeting was
very postive,” Mr Miller said.

In his letter to The Tribune,

- Mr Chaplin wrote: “I recently

attended a ‘focus group’ which
examined the plans of the Ritz-
Carlton development on Rose
island. I was shocked, as the
plans were unveiled showing
a seven-storey rectangular box,
which was touted as ‘contem-
porary and forward thinking,

and which answered the call ‘

2

of today’s buyers’.
While Mr Chaplin praised
the Ritz-Carlton developers
for hosting the meeting, he
hoped they would “re-think
their plans to build a decided-
ly un-Bahamian hotel and res-
idential community on a gem
of a very Bahamian island”.

Mr Chaplin also encouraged
developers, architects and
builders to ensure their designs
reflect traditional island style.

“Our traditional architec-
ture, while defining our
Bahamianism, also just makes
sense, as it provides shade with
large overhangs and wrap
around verandahs with large
openings to take advantage of
cooling breezes,” he added.

Booming

“Why are the communities
of Harbour Island and Hope
Town booming? Because of

their island charm. Contem- -

porary designs become dated —
our island style will vase be
classic.”

The Ritz Carlton is expected
to open in 2009. According to
the developers, it. will include a
luxury resort, private resi-
dences and a sheltered mari-
na.

When completed, it is

expected to provide a collec-

tion of more than 400
dewellings.

KI 1g an eepsa © collecting?

ToT are OE

PTH S| CIES

2007-2008

Are you looking for a Teaching Position in a
Dynamic Progressive Teaching Environment?

Starting August 2007

The Lyford Cay International School has positions
open in: : :

¢ Early Learning Center
¢ Elementary Classroom
¢ Chemistry

¢ Mathematics

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¢ Spanish

If interested email to Dr. Paul Lieblich, Principal e
plieblich @lyfordcayschool.net:

¢ Letter of Application

|MS Word & Windows; type 70+ wpm; bef -
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e Curriculum Vitae
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To advertise in The Tribune -
the #1 newspaper in circulation,
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Candidates must be university/college trained
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| salary expectations to:cpfplan@yahoo.com,
lor send fax to: 323- 0012



FIRSTCARIBBEAN
INTERNATIONAL BANK
CAREER OPPORTUNITY

Sor
Wealth Management
Wealth Manager/Team Leader
| Bahamas & TCI

We are continuing the expansion of our Wealth Management business and are now seeking to
recruit an outstanding professional to lead our team of international and domestic wealth ¢ Providing a high level] of service and financial advice to new and existing

managers in’Bahamas and TCI. The person we are seeking must have the gravitas and expertise . clients including liaising with customers and professional intermediaries
to drive the significant growth of AUM/AUA by developing investment relationships with with regards to credit facilities.

HNWIs, professional trustees and financial intermediaries.

Qualifications:

¢ Internationally recognized Financial Planning or Investment qualification (e.g. FPC or
CFA).
Degree or professional qualification in Banking, Accounting, Law or Business.
A self- motivator and experienced team leader with a commitment to'coaching and
mentoring.
Must have a passion for team and personal results and be able to demonstrate an
outstanding command of balancing sales and best advice to exceed targets.
Fully up to date with the global Wealth Management product offering and an excellent
understanding of international and local competitive environments.
Strong knowledge of insurance, taxation and asset protection, estate planning products
and services, and experience in tailoring innovative solutions for clients from various
jurisdictions. : i! ;
Must be fully aware of latest KYC, AML and fraud prevention requirements and ¢ ACIB or ABIFS diploma or degree in Banking or a related business field
* monitoring tools.
Possess a strong knowledge of global economic and political conditions and current
affairs.

member of the QNB Group

The Ansbacher Group, specialists in private banking, fiduciary services and
wealth Management has an Cue raay in The Bahamas for the position of

CREDIT RELATION SHIP MANAGER

Duties include:

Managing the bank credit exposures to ensure no risk.
Providing management information on the client base for monthly credit
meeting. °

Enhancing the experience of existing clients by providing accessibility and
person-to-person advice.

Implementing the bank? $s strategy together with the ability to satisfactorily
service high net worth clients/intermediaties.

The successful candidate must have the following qualifications and experience:

Seven or more years banking experience of which at least four years should
be in credit administration

General Requirements/Responsibilities:

Have a minimum of 5 years, and preferably 10 years, international investment management
sales or financial advisory experience, with supervisory experience in a regulated T & C
environment.

Client centric with strong presentation and negotiation skills; able to competently provide
expert investment advice and recommendations to HNWIs and professionals.
Can demonstrate a full understanding of the mathematical and statistical basis of portfolio
diversification and possess.a thorough comprehension of the qualitative and quantitative
aspects of investment management including, Alpha, Beta and Total Return considerations
and analytical depth in respect of asset allocation and specific stock picks.
Champion and implement Wealth management sales initiatives working closely with the
Director Wealth Management, Director Sales & Service and Marketing Department.
Achieve revenue, AUM/AUA and other targets, whilst managing costs within agreed
budget.

Experience in lending and cross selling other banking products is desirable.

Previous experience in portfolio and liability administration

Strong leadership and decision making skills

Problem solving and coaching skills

Ability to manage multiple priorities

Ability to make sound credit analysis

Strategic awareness within the private banking industry
Spanish speaking skills would be an asset

Excellent salary & benefits
Remuneration:

Please send all resumes to the attention of:
Human Resource Manager
Ansbacher (Bahamas) Limited
P.O. Box N-7768
Nassau, Bahamas
Fax: 325-0524
Email: hrmanager @ansbacher.bs

¢ Salary commensurate with level 9 out of 11 pay levels
¢ Benefits- comprehensive banking benefits, variable incentive pay (bonus) and preferred
loan rates

Applicants are requested to submit their resume with a cover letter via ay by July 20th ,
2007 to: dennis.govan @firstcaribbeanbank.com

FirstCaribbean International Bank (Bahamas) Limited thanks all applicants for their interest,
however only those under consideration will be contacted.

Deadline for all applications by hand, fax or email is July 20th, 2007





PAGE 6B, MONDAY, JULY 16, 2007

THE TRIBUNE





ef

SU NEE 3

Prestigious Private Island Resort has immediate positions
available for the following:

1 Housekeeping Supervisor (a minimum of seven
years experience in supervisory position in major
hotel)

2 Housekeepers

1 Captain/Maitre’d (Formal/gourmet dining room
experience and table side preparation)

1 Seasonal Executive Chef (five to ten years
Caribbean experience and knowledge of
European/American Cooking) .

2 Cafeteria cooks/attendants (three to five years
experience in a major hotel)

Competitive salary commensurate with experience and
qualifications. Free housing and other benefits available.

Interested pesons should fax resume to 242-347-5004 or |
email to tstewart@catcayyachtclub.com



Employment
Opportunity |

Administrative Assistant/ Book Keeper

Small Business out West looking for a Successful
Candidate to meet
the following requirements:
Computer literate on Word, Excel, Outlook and
Quick books
Good Organizational Skills
Experienced with accounting and bookkeeping.

| Self motivated and able to work without supervision.

Good Communication Skills, Verbal and written
Own transportations is a plus.

Great Compensation package plus benefits.

Send Resume by July 31* to
Apply to : DA 798
c/o The Tribue
P.O. Box N-3207
Nassau, Bahamas

BS/



Baha Mar product
‘for first time’ to

meet market’s
comfort-zone

FROM page 1

the developer was “ready to
go” on issuing contracts for
both the West Bay Street re-
routing and Commercial Vil-
lage construction, but needed
to secure an agreement with
the Government for the overall
project before it could proceed.

Informed sources have con-
firmed to The Tribune that
Baha Mar and the new FNM
government have already met
over the project, and that more
meetings are planned. Mr
Sands effectively confirmed
this, saying: “We have engaged
with the Government of the
Bahamas, and that’s very
important.”

He declined to comment fur-
ther, but The Tribune has been

- told that Prime Minister

Hubert Ingraham is keen for
Baha Mar, as he sees it, to start
fulfilling some of the obliga-
tions it committed to in the
original April 6, 2005, Heads of
Agreement it signed with the
Christie administration, before
talks on further investment
incentives and a new agree-
ment commence.

Some sources also suggest-
ed that a lot of what the former
government promised Baha
Mar was not committed to
paper, and it is possible that
Mr Ingraham may want to
review some elements in. the
Heads of Agreement.

BSI OVERSEAS (BAHAMAS) LIMITED

BSI Overseas (Bahamas) Limited, Nassau, Bahamas, an established
international private bank, with its headquarters in Lugano, Switzerland,

is presently accepting applications for

PRIVATE BANKING - HEAD EUROPEAN ASSET MANAGERS

Applicants for the position of Head European External Asset Managers
within the Private Banking Unit must have Banking or Financial education
and at least'10 years experience in the offshore banking sector, well versed
in managing relationships with Professional’ Asset Managers, fluent in
Italian and English, good knowledge of French, ability to manage projects,
perform reviews to minimize risks, efficiency oriented, lead small team of

Baha Mar failed to reach a
supplemental Heads of Agree-

‘ment with the Christie gov-

ernment on its project, which
became necessary after the
scale of investment increased
from $1 billion to $2.4 billion.

‘The deadline to conclude that

had been March 1, a date that
was vital to Baha Mar if it
wanted to conclude its casino
and hotel operating partner
agreements with Harrah’s
Entertainment and Starwood

- by mid-March.

Both those deadlines are
now four months passed, but
both Harrah’s and Starwood
have not yet exercised walk-
away clauses in their agree-
ments and are said to still be
committed to the Cable Beach
project. Harrah’s is also tak-
ing a 43 per cent equity stake
in the venture.

Demolish

Meanwhile, Mr Sands said

Baha Mar’s plans to demolish
the Nassau Beach Hotel to
make way for the proposed
Westin, 1,000-room Caesar’s

Palace hotel and casino, and .

new beach landscape had been
put back. The Nassau Beach
will now be open and receiving
guests until January 3, 2008,
rather than being closed for
demolition this year.

Mr Sands added that after

-.just.over one month since the

Radisson was reflagged as a
Sheraton resort, Baha Mar had
“been encouraged by the num-
bers”.

‘“We’ve seen an increase in
revenue yield in terms of the
average daily room rate com-
pared to last year. We’ve been
extremely encouraged by the
call:-volumes, the occupancy
levels and the growth going
forward,” he said, adding that
this.was despite some 50 per
cent of the Sheraton’s room
inventory being out of action.

The Sheraton was also still
“a construction zone” as work
on its $80 million rebranding
continued, with all of Baha
Mar’s Cable Beach Resorts
having to contend with the fall-
out from the Western Hemi-
sphere Travel Initiative
(WHT]I).

In addition, some 300 rooms
at the Wyndham resort had
also been taken out of inven-
tory for refurbishment, and
were not due to come back on
line until early December, Mr
Sands said.

He described this process as
a “total re-gutting of the rooms
and a major, major transfor-
mation, involving infrastruc-
ture and soft changes”.

Baha Mar had spent $130
million to date on the Sheraton
rebranding, plus upgrades to
the Nassau Beach and Wynd-
ham resort and casino, Mr
Sands said.



“We've recently totally ren-
ovated the Ballroom space and
the meeting room space at the
Wyndham, which was opened
in the last six weeks.” h:

added,

Product

“We believe we’ve posi
tioned ourselves for the first
time now to have a product the
marketplace can be comfort-
able with, particularly the
Sheraton and the Wyndham,
for the 2007-2008 winter sea-
son.”

On the West Bay Street re
routing and Commercial Vil-
lage construction, Mr Sands
added: “We're ready to go, but
that hinges on our ability to
come to an agreement with the
Government of the Bahama
to build Baha Mar. It’s no use
doing that without the com-
plete project being feasible.

“They’re [the two projects]
not standalone or mutually
exclusive. They're processe
that are necessary to have in
place to allow us to build Baha
Mar. They’re phases of the
major project.”

Mr Sands added that the key
objective currently was “get-
ting an agreement with the
Government on how best we
can proceed to accomplish
what we want to accomplish,
and to the satisfaction of the
Government of the Bahamas”.

THE AIRPORT AUTHORITY

VACANCY

The Airport Authority is seeking to recruit a
suitably qualified Bahamian to fill the vacant
position of CCTV Surveillance Operator.

Candidates for position should posses
‘tertiary level qualification (Associates
Degree) in either computer _ science,
computer technology or business studies and
have effective writing and oral communication
skills. Candidate without tertiary level
qualifications must have a minimum of two (2)

_ years relevant experience.

Private Banking Relationship Officers, maintain relationships with other
units and third parties and have knowledge of local legislation, regulatory
& statutory matters as wel] as international banking practices.

Personal qualities :

' Goal-oriented, self-motivated, positive attitude and outlook
Strong in problem solving, investigative
Customer service oriented
Must be able to work under pressure
Commitment to quality and service excellence
Commitment to continuous training and improvement of allocated
resources
Organisational skills
Flexibility in office hours and hands-on approach when. necessary

Responsibilities :

Manage team |
~ Review relationships with counterparts
Develop allocated client segment
Direct involvement with External Asset Maredes: clients
Foster and maintain communication with internal/external banking
professionals
Meet deadlines on timely basis

Interested persons must submit their Resumes
and three letters of reference by Monday 23rd
July, 2007 to the;

Manager, Human Resources
The Airport Authority
Lynden Pindling International Airport

P.O. Box AP-59222
Nassau, Bahamas

Interested persons with such qualifications should submit their
resume/curriculum vitae to:-

Human Resources Manager

BSI Overseas (Bahamas) Limited

Bayside Executive Park, W. Bay St. & Blake Road
P. O. Box N-7130

Nassau, Bahamas

Fax no. (242) 702 1253 or email:

(ABSOLUTELY NO PHONE CALLS PLEASE)
Only applicants having the above attributes will be contacted.





THE TRIBUNE

MONDAY, JULY 16, 2007, PAGE 7B





Resort unveils

S5.7m luxury
penthouse

.«, Mi By TANEKA THOMPSON

xuma-based Grand

' Isle Resort & Spa ¢

has officially
unveiled its newest
addition to its luxury accom-

»,* modations, a $5.7 million pent-
“+” house.

' The 5,400 square foot “room
with revenue” penthouse has

- four bedrooms, four-and-a-half
baths and a private balcony off
the master suite. It has
enclosed parking for two golf
carts (complimentary with the
stay), 1,236 square feet of ter-
races, and even soundproof
garbage disposals.

Over two days, July 13-14th,

executives at the Grand Isle
* Resort and Spa hosted the offi-
- cial opening ceremonies,
attended by Minister of
National Security Orville
‘Tommy’ Turnquest; Minister
of State for Tourism and Ayi-
ation, Branville McCarntney;
and Minister of Lands’and
Local Government Sidney
Collie.

The penthouse is the latest
addition to the $110. million
development, which consists
of 78 villas. It is the “latest in
the evolving upscale condotel
development by EGI Ltd, the
developers of Grand Isle

~~ Resort & Spa.

“Based on a principle simi-
lar to condo ownership, ‘condo
hotels’ allow owners to buy a
room, unit - or, as in the case of
one high-end property in Exu-
main the Bahamas - a com-
_ plete two-storey villa with the

‘ option to use it when they
want, and place it in a hotel
management company’s hands
when they don’t,” stated Diane
- Philips, PR representative for

o

Grand Isle Resort & Spa.
“Unlike timeshare, the own-
er is not buying one or two
weeks per year, but actually
buying. a villa and placing it in

a pool so it can be rented out, '

with the hotel management
company splitting the rental
revenue with the owner.”

Condos

Similar to condos, a condotel
has condo association and
maintenance fees, but what
makes them unique is that they
provide the amenities associ-
ated with hotels, such as maid
services. “What we have cre-
ated is a hybrid,” says Jim
Claybaugh, president of EGI

Ltd. “It’s the best of both
worlds, a luxurious place to
stay when you want to vaca-
tion, and a revenue-earner
when someone else does.”

EGI Ltd employed the Nas-
sau architectural firm, Kenneth
Lam & Associates, and
Bahamian contractors to con-
struct the new penthouse, and
many have cited the develop-
ment.as “the example that
should be followed for Family
Island success”.

Accommodations at the
Grand Isle Resort & Spa range
from one bedroom villas at
under $1 million to the new
penthouse at $6 million. Daily
rates start at $675, topping out
at $15,000 per day.

NOTICE

Pursuant to the provisions of Section 138(4), (a), (b) and (c) of
the International Business Companies Act 2000, of The
Commonwealth of The Bahamas, notice is hereby given that:

(a) RED FIRE MOUNTAIN

OFFSHORE

FUND, INC. is in dissolution;

(b) The date of commencement of the dissolution is the
12th day of July, 2007 and

(c) The Liquidator is Keith Aufhauser of 112
West 56th Street New York NY 10019, USA.

‘KING & CO
Attorneys for the above-named Company

Monique Cartwright-Winder

M&E Limited



CAT

As a privately-owned, mid-sized Bahamian Company and

the authorized Caterpillar dealer in The Bahamas, we are

seeking a candidate to work as a Technical Advisor to

support the operations of the Service Department. The

candidate should have the following qualifications:

¢ Be a graduate with a Bachelors Degree in Mechanical

Engineering;

e Have post-graduate studies in Management;

° Have Caterpillar training in Heavy Equipment Machines;

¢ Have Caterpillar training in power generation;

¢ Have 5 years or more experience with working with a

Caterpillar dealer or a similar Organization
e The candidate should have certification as an ISO 9000

auditor and;

¢ The candidate should have Six Sigma training (a Black

belt in 6-Sigma is preferred).

This candidate is required to be a professional who thrives

on the challenge of developing outstanding customer

relations and service excellence.

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

Attention: Service Manager, or email_me@me-ltd.com.

Only persons being interviewed for this position will be

contacted.



INSIGHT

For the stories

behind the news,
read Insight
on Mondays



HELP WANTED

Automotive Service Company Needs:
Young, energetic female.
Cashier, Receptionist, Computer Experienced Required





Send Resume and References To:
Personel Department,
P.O.Box N-939
Nassau, Bahamas




Vacancy for Chief Financial Officer



Responsibilities:

Full responsibilities for all accounting activities including G/
L, A/P, A/R, Payroll & Purchasing

Cash flow management, financial reporting, forecasting and
budgets aN

Manage relationship with current lender and fulfill monthly
reporting requirements

Manage year end audit and act as liaison to external CPAs
Manage annual budget process; work with senior manage-
ment to optimize budgets and financial forecasts

Directly supervising accounting staff of 10

Overseeing the day— to— day operation of the company

Qualifications:

Eight to ten years of experience in financial management
with increasing responsibilities for multi-faceted direction
and planning |
Bachelors degree in Accounting or Finance minimum

CPA designation preferred

Ability to deal with legal , corporate and general business
matters ,
Experience in setting up financial controls; effective at estab-
lishing and improving processes

Strong communication, analytical and management skills
Enthusiastic, positive, “can do” entrepreneurial spirit.

Interested persons should apply in writing to
Chief Financial Officer
P.O Box N-4351, Nassau, Bahamas )
Deadline for application is July 31st,2007



BSi

BSI OVERSEAS (BAHAMAS) LIMITED

BSI Overseas (Bahamas) Limited, Nassau, Bahamas, an established
international private bank, with its headquarters in Lugano, Switzerland,
is presently accepting applications for

PRIVATE BANKING RELATIONSHIP OFFICER -

Applicants for the position of Private Banking Relationship Officer must
have Banking or Financial education and experience in the offshore banking
sector, fluency in Italian, German and French, have strong background
in KYC matters, good knowledge of international financial instruments,
ability to partner with team members, project oriented, and have thorough
knowledge of local legislation, regulatory & statutory matters as well as
international banking practices.

Personal qualities :-

Excellent organizational, communication and computer skills
Goal-oriented, self-motivated, positive attitude and outlook

Project oriented

Commitment to quality and service excellence

Able to work with minimal supervision

Commitment to continuous training and improvement of colleagues
Flexibility in office hours and hands-on approach when necessary

Responsibilities :-

Ensure KYC guidelines are applied on a day to day basis within Private
Banking unit

Organize, implement and monitor KYC and Client Relationship
Management related projects within the Private Banking Unit
Training of Private Banking allocated resources

Liaise directly with customers or their investment advisors or agents
Foster and maintain communication with internal/external banking .
professionals

Meet deadlines on timely basis

Interested persons with such qualifications should submit their
resume/curriculum vitae to :

Human Resources Manager

BSI Overseas (Bahamas) Limited

Bayside Executive Park, W. Bay St. & Blake Road
P. O. Box N-7130

Nassau, Bahamas

Fax no. (242) 702 1253 or email:



(ABSOLUTELY NO PHONE CALLS PLEASE)
Only applicants having the above attributes will be contacted.







> PAGE 8B, ee JULY 16, 2007

oon



IMPORTANT DATES
Fall Semester 2007
New Student Orientation

Parents’ Evening

Tuesday, 14" August, 2007 at 6:30 p.m. The College of The Bat

at the Oakes Field Campus ‘N

Abstracts of secret
topics:

Orientation
Wednesday, 22"¢ August, 2007
8:00a.m. - 1:00p.m.

Advisement & Registration
Wednesday, 22â„¢4 August, 2007
at 1:00 p.m. — 5:00 p.m.

: Kinship across the £

4) Advisement, Registration & Bill Payment
Thursday, 23 August, 2007 and
Friday, 24" August, 2007
at 9:00 a.m. — 7:00 p.m.

Venue: COB Band Shell

at 1. Director of Alumni Relations & Annual Fund



+ who enjoys the challenge of engaging people on a one to one level.



DUTIES AND RESPONSIBILITIES:
: Annual Fund












- Strategic plan for the COB Annual Fund.
2. Provide continued development, evolution and implementation of new Annual Fund strategy.

- 4, Creates the Annual Fund donor stewardship programme and materials.
“5, In advance of alumni database utilisation, develops an electronic system for tracking annual
- fund solicitations, solicitation responses and donations.
6. Segments Annual Fund prospects to determine leadership level donors and general Annual
und donors.
"7, Conducts face to face, telephone and email solicitations of leadership level Annual Fund gifts.
8. Engages and supports the COB Alumni Association’s participation with leadership level gift
~ $Olicitations.
' 9. Maintains electronic/database records of alumni solicitations and contact (email, face to face,
telephone, etc).
10. Designs and implement the Staff & Faculty Fund as part of the Annual Fund Programme.

- Alumni Relations —

4: Participates i in the development of short and long range strategic planning activities to realize .
alumni engagement goals and objectives.

4 including alumni events, alumni publications, alumni communications, alumni events calendar,
alumni special projects and the annual fund.
3. Provides strategic guidance and counsel to the College/University Alumni Association on the



+. development and delivery of its programs and integration with the College/University Alumni Relations

Programme.

4. Oversees the successful execution of key alumni events, receptions, homecoming and reunion
class programs which builds loyalty and promotes the College i in the lives of its graduates. Logistical :

support for events is provided through the Office of Communication.



‘F generally.
|°6. Maintains a lost alumni mnt the G programme to re-engage alumni with The College.
+7. ‘Develops and keep current the

* to-alumni.
| 8. Provides a face and contact point for College/University alumni.

_ the Alumni Magazine.

10. Works in collaboration with the President and the senior team to plan and deliver high quality
:.and strategic alumni events which serve to strengthen fundraising efforts, alumni engagement,
‘P: University transition and The College's profile within key constituencies.

KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:

e Ability to plan and execute a range of strategic events.

e Excellent interpersonal skills and the ability to interact effectively with academic leadership,

faculty, prospects, donors, and volunteers in a wide range of roles.
#}.¢ Ability to exercise good judgment and to use discretion in interactions with donors, prospects,
volunteers, and others. .

¢ Ability to work effectively within a team environment.

4.6 Demonstrated organizational skills and experience in managing events and other complex
activities in support of College/University objectives.

-¢ Willingness and availability to travel and to work extended hours as necessary.

MINIMUM KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:
-e Bachelor's degree
Excellent interpersonal and communication (written and verbal) skills





Exceptional analytical skills and experience in managing a program requiring analysis and
strategic planning

Demonstrated ability to organize work and to manage competing priorities and deadlines
Demonstrated proactive work ethic and ability innovate, set and meet goals

Proven accuracy and attention to detail

Proficiency in Microsoft Word, Excel PowerPoint, Access /
Database maintenance arid data entry experience

Prior event planning experience a must

Demonstrated tact, diplomacy and discretion

Excellent computer skills expected

Ability to meet deadlines with minimum supervision.

Willingness to work extended hours and on weekends and sclgeye if saales

A team player and overall pleasant disposition

Commitment to confidentiality

‘IN ADDITION, THE SUCCESSFUL CANDIDATE WILL HAVE:
Demonstrated ability to network in a professional or personal setting
Be a self-starter and able to work independently

Previous experience in fund raising, sales or marketing

Exceptional IT skills and a proficiency with databases

Good knowledge of The College



eeeee



2. Development Associate, Alumni Relations & Development

| -With a view to attaining a charter as a university by 2008, the College has embarked aggressively
] upon a major expansion of its programme offerings, research activities and physical facilities and :



is incorporating e-learning methodologies into its repertoire of strategies for delivering instruction.

Office.







THE COLLEGE OF

Visit our website at www.cob. edubs.

JOB VACANCIES

+ SUMMARY: The Director of Alumni Relations & Annual Fund has two primary responsibilities: to :
-develop The College of The Bahamas Alumni Relations Programme and to plan and deliver a :
+ successful Annual Fund fundraising program. The incumbent will have direct responsibility for :
creating The College of The Bahamas’ Annual Fund Programme. The Director of Alumni Relations :

and Annual Fund will implement preliminary plans for The College’s Annual Fund and will have direct ;

-§ |: responsibility for soliciting leadership level Annual Fund gifts. The successful candidate will be :

=~ ‘someone with strong interpersonal, communication (both orally and written) and organisational skills :
, Reporting to Mather Leigh :
Inc., strategic counsel to The College of The Bahamas in the operation of alumni relations and :

: development. This is:an excellent opportunity for someone who is a graduate of The College and :
~ who wants to serve their alma mater and will enjoy working with others to build a new Alumni :
Relations and Development Department at The College/University of The Bahamas. :

1. Establish The College of The Bahamas Annual Fund through the implementation of the preliminary

= 3. Creates the Annual Fund solicitation, pledge chasing and gift acknowledgement and materials. i

-2. Develops and oversee the implementation of the College/University Alumni Relations Programme

| 5. Engages senior management in furthering the advancement of alumni relations goals and assists
- in educating faculty and staff in respect of the roles they can play supporting alumni and development ;

ollege’s web presence and web, print and email communications i

#1. 9. Works in collaboration with the Communications Department provide content for and co-produce

Demonstrated ability to present information concisely and effectively, both verbally and in writing

| To underpin this transition to university status, The College is embarked upon a drive to increase }
its funding from private sources through the establishment of the Alumni Relations & Development }

THE TRIBUNE



EDUCATING & TRanvine BABAMIANS:

The Trans-Atlantic Slave Trade: T

Erevan an Libera : Piccte i 2 ( ne.



SUMMARY:

Working out of The Office of the President, in a team under the direct supervision of Mather Leigh
Inc., the Development Associate provides support for all COB fundraising activities. The Development
.Associate position is a ‘traineeship’ that provides a comprehensive foundation of experience fo

these wishing to build a career in higher education advancement. The Development Associate
participates in all fundraising activities including prospective donor research, prospect cultivation
activities & events, donor information/record meee sie donor stewardship, donor correspondence
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.

1. Supports and ensures delivery on a select segment of COB fundraising activities.

2. Provides support and assistance on the process of identifying, cultivating, soliciting, and

stewarding major donors and prospects including individuals, corporations, and foundations,

through strategy based visits and other forms of direct personal contact.

Provides support to the maintenance of the prospect pipeline.

Assists the Director of Development in educating faculty and staff in respect of the roles they

can play supporting development generally.

5. Supports the management of a select cohort of volunteers and strategic support in their cultivation
and solicitation of major donors and prospects. Coordinates volunteers’ activities to ensure thei
integration into The College’s vision and goals.

6. Helps to maintain the prospect management database and other institutional resources to ensure

’ appropriate management of donors, prospects, alumni, and volunteers in coordination with

i College objectives.

7. Conducts research to identify prospects and works with the Director of Development to create
strategies to match prospects’ interests to the priorities of The College.

8. Conducts preliminary research to identify prospects in support of briefing note preparation and

9

Oo

prospect identification.
. Assists in the implementation of programmes and activities designed to increase the visibility

of the AR&D Office and The College to internal and external constituencies.

10. Represents COB at various community and business meetings, including externally to funding
agencies.

11. Supports the Director of Development to build and maintain donor and prospect files in support
of prospect pipeline and prospect moves.

12. Conducts internal and external research/fact gathering in support of funding proposal development.

13. Provides follow up support on internal requests for fundraising support from AR&D Office.

14. Provides support on production fundraising reports and other database reports as needed.

15. Provides coordination and support on donor/prospect events.

16. Maintains list of donations received for Council reporting purposes.

17. Assembles donor kits for events and meetings.

18. Other duties as assigned

19. Works with the Director of Alumni Relations & Annual Fund to directly assist with the solicitation
of leadership level annual fund gifts and on the interface between special and major gift fundraising
and the alumni population.

20. Performs miscellaneous job-related duties as assigned.

KNOWLEDGE: SKILLS, AND ABILITIES REQUIRED:
Ability to conduct research, gather data, analyze information, and prepare effective, accurate,
and timely reports and other documents to support development objectives.

e Demonstrated mastery of major business and prospect research databases and general database
software such as Microsoft Excel with concomitant database management skills.

e Excellent interpersonal skills and the ability to interact effectively with academic leadership,
faculty, prospects, donors, and volunteers in a wide range of roles.

e Ability to write proposals, solicitations, correspondence, reports, and other materials in support
of development activities independently;

¢ Ability to exercise good judgment, to demonstrate an understanding of ethics related to
development activities, and to use discretion in interactions with donors, prospects, volunteers,
and others.

¢ Ability to work effectively within a team environment.

e Demonstrated organizational skills and experience in managing events and other complex
activities in support of development objectives.

e Willingness and availability to travel and to work extended hours as necessary. $

The above 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 Director of Development.

MINIMUM JOB REQUIREMENTS:

Bachelor’s degree

Prior fundraising, sales or marketing experience a must
Demonstrated ability to plan and strong communication skills
Excellent computer skills expected

Ability to meet deadlines with minimum supervision.

IN ADDITION, THE SUCCESSFUL CANDIDATE WILL HAVE:

Demonstrated ability to network in a professional or personal setting

Be a self-starter and able to work independently

Proven track record in fund raising, sales or marketing Excellent interpersonal and communication
(written and verbal) skills

Demonstrated ability to present information concisely and effectively, both verbally and in writing
Demonstrated ability to organize work and to manage competing priorities and deadlines
Demonstrated proactive work ethic and ability innovate, set and meet goals

Proven accuracy and attention to detail

Proficiency in Microsoft Word, Excel PowerPoint, Access

Database maintenance and data entry experience

Willingness to work occasional extended hours and on Weekends

A team player and overall pleasant disposition

Commitment to confidentiality

eeeeeees92e¢

Compensation is commensurate with qualifications and experience.

The above 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 Director of Alumni Relations & College/University Events.

Please visit our website at www.cob.edu.bs for more information about The College and to access
The College’s Employment Application Form.

Interested candidates should submit a College/University of The Bahamas Employmen
Application, a Comprehensive Resume and up-to-date transcripts, along with three work
references no later than July 31, 2007 to:

The Director, Human Resources
The College of The Bahamas
P. O. Box N-4912
Nassau, N. P,

The Bahamas
hrapply@cob.edu.bs



THE TRIBUNE



Looking rye TCL Oma meek La
CMAN ea Ie Bg

The College of The Bahamas Culinary &

Hospitality Management Institute
Announces



CHMI Lit’! Chefs Summer Programme
Ages 10 to 14 Years
Nassau / Freeport Campus
July 16 — 20, 2007
Sessions 9:00am to 3:00pm daily

High Quality Programming: Participants work with trained Chef Instructors
in an industrial kitchen environment and gain exposure to the exciting, challenging
and rewarding field of culinary arts.

High Point: On day five of training each student will prepare a three-course
meal and serve two-invited guests.

Award and Gift: Certificate of Participation, a Chef’s Hat and Apron
embroidered with the COB logo and CHMI Lit’! Chefs Summer Programme.

TOPICS: Basic knife skills; vegetable cuts; stocks, soups and sauces; basic
cooking methods; Personal health, safety and hygiene; sanitation; food
presentation and service.

Monday - July 16
Tuesday - July 17
Wednesday - July: 18
Thursday - July 19
July 20

F ah -

ne Thirty 0) Hours of eines in’ tal oo
Number of Students. per Cohort: 15 (Nassau/ Freeport
Fee per Student: $165.00 (ingredients and materials included)



FINALE: Top student from each cohort will be featured at the Ministry of
Tourism’s Junkanoo Summer Festival Cooking Demonstration July 28, 2007,
Arawak Cay. Each will have an hour and a half to demonstrate the preparation
of one of the menu items they learned to prepare during the programme.

Our programme can help our young chefs to polish listening skills, follow
instructions, develop self-reliance and teamwork and acquire some pretty good
_ skills in the kitchen. You never know. This could be the ete an exciting
career. vit reginulos Ges ies s Pere Seana
00 .\

ste

| The College ai The Baran ‘Muni iiscpclalion

Hall of Fame



What We Are About

The Alumni Association Hall of Fame was established in spring of 2001 by the

Executive Board of the Association. The purpose is to fecognize annually a COB

~_ alumna/alumnus who is making significant contributions to the development of The

Bahamas. It is envisioned that honoutees will play a major role in the fundraising
_ efforts of the Association.




















MEMBERS

~ On May 11, 2001, the Alumni Association named Bishop Neil C. Ellis, Pastor,
~- Mount Tabor Full Gospel Church as its first inductee. Subsequently named were

Larry Gibson, a financial services expert (2002): Laura Pratt-Charlton, a pharmacisl/
~ entrepreneur (2003); Tanya McCartney, an attorney and a former member of-
- the Senate (2004), Vernice Walkine, Director General of Tourism (2005) and
— Superintendant of the Royal Bahamas Police Force, Keith Bell (2006).

a Each honoutee is presented with a 36” Silver European Cup, which symbolizes his
of her outpouring of inspiration that causes others to thirst for “knowledge, truth
“lary Gibson « mee: = and integrity , the values promoled by The College of The Bahamas and reflected

== __ inthe institution's motto.

Hail of Fame Award Criteria: ©

_ What It Takes to Be Nominated and

Become a Member of The Hall of Fame.

The Alumni Association of The College of The Bahamas views induction into ils Hall
of Fame as its highest honour. It is a designation extended to individuals whose
lives are the hallmark of The College’s motto “Knowledge, Truth, Integrity.”

Laura Pratt-Charlton + 2003

To be considered for the Alumni Association Hall of Fame, nominees must

+ Have distinguished themselves as students, academically and socially, while at
The College of The Bahamas

¢ Be among the best in their chosen fields of endeavour, displaying SE Ee
conduct that stands as an example to others.

¢ Bea leader and relentless worker whose success benefits co-workers, those they
supervise or employ and the community in general

¢ Excel in civic outreach and make a contribution to society that is easily visible
within their fields and the wider scope of Bahamian life

4 © Exhibitstrengthofcharaclerthattranslates generallyinto communily strengthening,
Vernice. Walkine ‘ » 2005 -— __ personifying their alma mater’s motto “Knowledge, Truth, Integrity.”
¢ Be nominated.

Tanya C. McCartney * 2004

The Hall of Fame Award Nomination Form
may be obtained from
The Office of Alumni
Administration Block
Oakes Field Campus

Or may be downloaded from www.cob.edu.bs
All nomination forms, along with a current portfolio and photograph,
must be submitted by Monday, 31st July, 2007.
For more information, please call the Office of Alumni at 302-4365/6.
Portfolio Size: Five (5) pages * Font size: 12 pt ¢ Paper 8.5 inches X 11 inches





COLE

Visit our website at www.cob.edu.bs

SEEKING NOMINATIONS.














MONDAY, JULY 16, 2007, PAGE 9B

{HA MAS ©

NING BAHAMIANS

a




7 Rainforest: Theatres
Meacham Nassau Resort c

Mem se ceit-leetteye)

TR il et Bujo Kevin Tt Ca re Nicki Gonzalez

FABULOUS MUSIC
GOURMET DINING

TICKETS ON SALE AT ’
, ‘CHAPTER ONE BOOKSTORE and |

in THE OFFICE OF COMMUNICATION, Block A
Oakes Field Campus —





ALL tickets sold for the June concerts | For reservations,

will be honoured.

Gala Concert and Dinner - $175
General Admission - $50

Faculty - $30

Student Admission (with COB ID) - $25






sponsorship opportunities:
and further information,
please call

Office of Communication

at telephones
302:4304/4353/4354/4366 |

Te Bee

if Jazz Under the Stars
on Nassau Resort

.PLATINUM SPONSOR
amas Electricity Corporation
“= GOLD SPONSOR
TCE EU Erm a
; See) 1 802 et)
. ener Telecommunications Company (BTC)
The he Ltd

Executive Producer - Patricia Glinton-Meicholas
Show Producer - Roscoe Dames “Mr Jazz”



PAGE 10B, MONDAY, JULY 16, 2007

THE TRIBUNE



Share your news

The Tribune wants to
hear from people who
are making news in their
neighbourhoods.
Perhaps you are raising
tunds 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.






















lan

Winpoine Bay
ABACY, BAKANAS

_ Construction Project Manager

¢ Minimum 5 years experience in construction
management

e Working knowledge of timber and masonry
construction methods

e Proficient in reading and understanding construction
plans

e Proficient in performing material take-offs and placing
material orders

e Working knowledge of construction materials

e Proficient with Microsoft Word and Excel

e Good communication skills

Warehouse Manager

e 5-10 years experience managing a large warehouse

© Working knowledge of accounting aspect of Warehouse
Management

¢ Computer savvy including proficiency with Microsoft
Word and Excel

© Solid day-to-day decision maker

¢ Good Communication skills with both upper
management and labour

@ Working knowledge of construction materials

Resume should be sent to Nick Sims, Development
Department, The Abaco Club on Winding Bay, P.O. Box .
AB-20571, Marsh Harbour, Abaco or fax #242-367-2930













Duties include:







- control of the job reportees.












clients.





service high net work clients/intermediaries.




Candidates should possess:







and control management







Spanish speaking skills would be an asset



Excellent salary & benefits








P.O. Box N-7768
Nassau, Bahamas
Fax: 325-0524



July 20th, 2007

member of the OQNB Croup

The Ansbacher Group, specialists in private banking, fiduciary services and
wealth Management has an opening in The Bahamas for the position of

CLIENT RELATIONSHIP MANAGER

¢ Management and motivation of a small team of relationship officers
providing guidance, supervision, performance, personal development &

¢ Having accountability for the relevant team’s performance - ensuring
the teams objectives and developments are up to date.
Cross-selling the group products in conjunction with organizations goals.

¢ Acting as.the main contract for clients on your relevant-portfolio: sourcing,
collating and managing all their needs either internally or externally.

Working within ¢ a closely regulated environment offer financial input to

‘Implementing case management strategies, together. with the ability to

ACIB or ABIFS diploma or degree in Banking or a related business field

Seven or more years of management experience, ideally covering banking

¢ Proven leadership, interpersonal and strong motivational qualities

Strategic awareness with in the private banking industry

Please send all resumes to the attention of:
Human Resource Manager
Ansbacher (Bahamas) Limited

Email: hrmanager @ansbacher.bs

Deadline for all applications by hand, fax or email is

Freeport Concrete chief

refer to the headline in
The Tribune’s business
section on July 6, 2007,
which read as follows:

LICENSEES TO SEEK
‘MILLIONS’ IN CUSTOMS
DUTIES REFUNDS

Chamber chief: Verdict gives
Home Centre competitive
advantage by bringing in all
inventory as bonded

‘Rivals to seek legal advice,
as end to pre-paid duties would

' provide huge business cash

flow boost

I am the president and chief







executive of Freeport Concrete
Company, which is the parent
company of the Home Centre,
and I feel duty bound to
respond to certain statements
made by Christopher Lowe in
this article.

From the headline in the
article, it appears that he is
making these statements as the
president of the Grand
Bahama Chamber of Com-
merce, an organisation of
which Freeport Concrete
Company is a member. Rather
than making bold statements
that the verdict gives the
Home Centre a competitive

Qualifications:

preferred

Remuneration:

(Note:



LETTER TO THE BUSINESS EDITOR



advantage, he, as the president
of the Grand Baham Chamber
of Commerce, should be con-
gratulating us.

Since September 2006 when
the Home Centre opened,
after successfully winning an
injunction against Customs to
allow us to operate until such
time as the judicial review took
its course, I have read and
heard much from Mr Lowe
about bonded goods in
Freeport.

To be honest, I am not sure
which side of the fence he is
on. My best guess is that he is
sitting on the fence. When it
suits him and his company,
Kelly’s Freeport, he is for it,
and when it doesn’t suit his
company he is against it. As
the president of the Grand
Bahama Chamber of Com-
merce he should know which

SEE next page

“Where Our Quality & Experience Shine!”

Specializing in:

Roofing, Home Maintenance, Painting & Varnishing,
Pressure & Mildew Cleaning, Roof Painting, Water
_ Proofing, Plumbing, Window Cleaning, Drywall
~~” Installation, Replace Rotten Woodwork, nse
Laminate Floor, Tiling, Repair
Cracks to Concrete Walls

LEROY TUCKER - Proprietor
Tel: 242-325-5633, 242-425-8580 * P.O. Box SP -60315

LEGAL NOTICE

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No. 46 of 2000)

GOODWICK INTERNATIONAL LIMITED
IBC NO. 13,698 B (In Voluntary Liquidation)

NOTICE is hereby given that in accordance with Section 131 (2) (a) of
the International Business Companies Act No. 46 of 2000, GOODWICK
INTERNATIONAL LIMITED is in Dissolution.

Any person having a Claim against GOODWICK INTERNATIONAL
LIMITED is required on or before the 22nd day of August, 2007 to send
their name, address and particulars of the debt or claim to the Liquidator
of the Company, or in default thereof they may be excluded from the
benefit of any distribution made before such claim is approved.

Kuttikatt Samuel Verghese, of Villa 19, Gate 1217, Road 1832, Barbar
518, Kingdom of Bahrain, is the Liquidator of COODWICK

INTERNATIONAL Sees

FIRSTCARIBBEAN
INTERNATIONAL BANK
CAREER OPPORTUNITY

Sor

Human Resources Manager
Nassau, Bahamas

e Bachelor’s degree in ee field (Mandatory) — Masters Degree

e 5-10 years experience in Human Resources (HR). A broad
knowledge/experience base in several HR areas (e.g. consultation,
recruiting, employee relations, etc.)

° Knowledge of employment law and industrial relations

° PC skills: Advanced Excel and Word mandatory

General Responsibilities (not all inclusive):

v%& Employee Relations - Provide guidance to managers & supervisors
in supporting proactive HR plans, products or activities. The incumbent
will develop an understanding of the client’s business and a relationship
with managers & supervisors and other staff within the client units
by maintaining a close consultative relationship

Y In consultation with the HR Head, provide input into strategies,
palicies, procedures and new initiatives to ensure they are consistent
with overall Bank strategy and objectives

Â¥ Provide operational management of on-going activities in the delivery
of services (compensation, HR pdininisttacen) including the
supervision of some HR staff

VY Provide support to the HR Business Partner in all IR negotiations and
strategy development

Y Responsible for all entry-level recruitment including management of
requests from the business and the FirstStart Initiative

V Provide guidance and counsel on hiring and discipline practices

Y Plans human resources activities and ensures they are carried out to

service standards

e Salary commensurate with management position at the FC Level 6

1 - 11 job levels)

¢ Benefits- attractive salary, six weeks vacation, preferred loan rates,

_ employee share purchase plan, variable incentive pay (bonus), medical
scheme, pension benefit.

Applicants are requested to submit their resume with a cover letter via
email by July 23rd , 2007 to: siobhan.lloyd @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 Bahamians only.
























































































Te?

~~"

gl ,

REE Te Pa ee eS OE ST ae oe

°F Poor ee 2 FT EBA TVS er.

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SSO 2 Ae KEES eS

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P,P res

THE TRIBUNE

»- MONDAY, JULY 16, 2007, PAGE 11B





responds on bond ruling

side of the fence he is on, and if
he is on the side of making it
better to do business in
Freeport he should fully sup-
port us, and give us thanks and
praise for actually winning this
judgement.

In the article, the following
statement was attributed to
him: “The verdict has given the
Home Centre’s business a
tremendous boost because it
did not have to pay any cus-
toms duties on its inventory,
which was being brought in
entirely bonded.”

This is not correct.

The Home Centre has paid.
customs duties up front on
numerous items that, prior to
this judgement, were regard-
ed as being ‘consumable
stores’, and therefore not being
capable of being sold bonded,
such as housewares, certain
size televisions, vacuum clean-
ers etc. What Mr Lowe failed
to say in the article is that his
company, Kelly’s Freeport,
also brings in bonded goods,
just like the Home Centre,
whereby they do not pay any
customs duties up front, or
even at all, if they sell these

LEGAL NOTICE

NOTICE

|

|

WHA RYUN ENTERPRISES
| LIMITED
Bs

Notice is hereby given that in accordance with Section 137
(4) of the International Business Company Act (No. 45 of
2000), WHARYUN ENTERPRISES LIMITED has been
dissolved and struck off the Register according to the
Certificate of Dissolution issued by the Registrar General

on the 5th day of June, 2007.

Mr. Paul Fears
c/o Helvetia Court
South Esplanade
St. Peter Port
Guernsey, GY1 4EE
Liquidator




for the position of









and experience:







not mandatory.




























items bonded to other Grand
Bahama Port Authority
(GBPA) licensees.

We have ho axe to grind
with Customs. We were forced
to do what we had to do back
in September 2006, as Customs
were refusing to allow us to
open up our Superstore unless
we paid customs duties on our
entire inventory. If we had
done this then everything in
our store would have been
duty paid, and as 70 per cent of
our business is bonded sales to
other GBPA licensees, this
would have effectively finished
us off and handed the majority
of our business to Mr Lowe at
Kelly’s, who is allowed to bring
in both bonded and duty paid
goods.

I might add that had this
happened, over 100 Bahami-
ans would have been out of
work and over 700 Bahamian
shareholders in our company
would have seen their invest-
ment wiped out.

Obviously, as president and
chief executive of this company
I could not let this happen,
which is why it was necessary
to retain Gregory Moss, of



The Ansbacher Group, specialists in private banking, fiduciary
services and wealth Management has an opening in The Bahamas

SENIOR CLIENT ACCOUNTANT

To accurately and promptly prepare periodic financial statements for
a case load of Trust and Companies. Maintain the accounting records:
in accordance with International Financial Reporting Standards. |

The successful candidate must have the following qualifications

* CPA certification with at least 2 years post qualification experience
* Previous client accounting experience would be preferred but is
As a Senior Client Accountant you will be expected to be self
motivated, have the ability work independently and have good

written and verbal communication skills

¢ An in-depth, knowledge of Trust Accounting and experience with
complex fiduciary structures would be an asset.

¢ Computer literate with high proficiency in Micr osoft Office
Applications (Word, Excel, Outlook)

Salary commensurate with experience and ability
Excellent salary & benefits
Please send all resumes to the attention of:

Human Resource Manager
Ansbacher (Bahamas) Limited

P.O. Box N-7768
Nassau, Bahamas
Fax: 325-0524

Email: hrmanager @ansbacher.bs

Deadline for all applications by hand, fax or email is

July 20th, 2007

member of the OQNB Group

Moss & Associates, to file an
injunction against Customs to
allow us to open and continue
to operate while the judicial
review process took place. For-
tunately, the judicial review
proceedings ended with a rul-
ing in our favour and here we
are today.

When we went through the
planning stages of this new
Superstore, our main goal was
to have a store in Freeport that
was on par with a Home
Depot or Lowes in the US,
with excellent prices so that

Bahamians in Grand Bahama
would be'able to enjoy a great
shopping experience and spend
their dollars here at home. We
are on our way to achieving
that, and we can offer good
prices because we are allowed
to bring in bonded inventory
and display it on our shelves
just like in the US. We have
an excellent point of sale pro-
gramme that keeps track on
all items that have been
brought in bonded and sold
duty-paid, and in the five years
that | have held the position
of chief executive of this com-
pany we have faithfully paid
customs duties each and every
month. In fact, Customs offi-

cials complemented us on this’

matter when this whole
episode started back in 2006.
When the injunction hap-
pened and the judicial review
process started over nine
months ago, we knew this
would be a landmark case
when it went to court.
Whichever party won, we
knew it would impact on busi-
nesses here in Freeport. We
are delighted that it went in
our favour, and this can only
be good for all GBPA



licensees as it levels the playing
field.

I would recommend to all
businesses in Freeport that
they get a copy of the 65-page
judgement in this case, so one
can get the real story on the
whole matter. It is by no means
a simple decision, as some wish
to convey. Rather, it is quite
encompassing and the long-
term effects on our community
will be positive and good for
trade in Freeport.

This ruling will allow us in
Freeport, which is already a
duty-free zone, to compete
more effectively with US busi-
nesses that are selling to our
licensees. Rather than all the
funds going to the U$, we all
would keep a majority of the
funds here in our own econo-
my.

We believe in open trade
and that competition is good
for Freeport, as it reduces the
cost of goods to our contrac-
tors and related businesses,
which in turn reduces the cost
of construction and all con-
sumers gain. In our opinion,
prices have been kept high for
far too long, and is not helping
the community during these
tough economic times.

With regard to going back
in time and trying to recoup
monies that have been previ-
ously paid, we would all like
to benefit from this. However,
it is not practical, nor have oth-
er companies in past Customs
judgements, to the best of our
knowledge; gone back in time
to try and threaten to collect’
previously paid funds. Most
people would say ‘Hooray’ and
thank the courts in that they
didn’t have to go through all
the time, costs and litigation,

RTT
aE Taam
Dea C














Qualifications:














OPCO.

Remuneration:

(Note:

General Responsibilities (not all inclusive):

° Deliver planned targets by aggressively growing the book of profitable
business and increase the relative contribution of the Corporate Banking
to overall business profitability.

e Enhance and strengthen the reputation of FirstCaribbean International
Bank and the Corporate Division in markets by developing and
maintaining an external network of key stakeholders, prospects,
community involvement, and playing a key role in the business
community at large.

¢ Effectively lead and mentor the team of business development and
relationship managers who originate and provide business solutions
to clients in the corporate and commercial markets in the Bahamas

and then move on to take
advantage of the cost savings
for itself and its customers.
Ray Simpson,
President and Chief

Executive Officer,
Freeport Concrete
Company Ltd
July 13, 2007

CHIEF OPERATING OFFICER

A large company in the hospitality industry with
offices based both in the USA and The Bahamas is
looking for a Chief Operating. Officer with strong
business skills; experience in the hospitality, industry

a plus.

RESPONSIBILITIES

¢ Business planning and development

¢ All operational functions for the business.

¢ Staff supervision, training and development

° Liaising with bankers, lawyers and accountants.

MINIMUM REQUIREMENTS

Bachelor’s degree in Business Management
10 years experience in Management.
Computer literate: Knowledge of QuickBooks &

Microsoft Office.

Strong organizational skills, including the ability
to prioritize, multi-task and work effectively with

no supervision ©

Independent and self motivated
Excellent communication, planning and analytical

skills

Experience managing a team

Salary commensurate with experience.

Please send resume to:

Coo

P.O Box CB-13335
Nassau, Bahamas

Sor

Director, Corporate Banking -
Bahamas OPCO

¢ Graduate status with minimum of 7 years experience in the
business/financial

° Ability to work effectively within and across complex matrix structures.

° In-depth understanding of Corporations business, financing solutions,
issues and challenges.

¢ A solid record of results, in business development, relationship
management and leading relationship management teams.

¢ Focused and motivational leadership skills to galvanize a team to work
collaboratively and effectively for customer value and profitability.

° High level of understanding of the markets, geographic, macro economic
and global factors impacting our client base.

¢ Superior ability to interpret complex corporate client needs and to

assemble innovative value-adding solution that achieve Client objectives,



FIRSTCARIBBEAN

INTERNATIONAL BANK
CAREER OPPORTUNITY






























e Salary commensurate with management position at the FC Level 11

| - 11 job levels)

e Benefits- attractive salary, six weeks vacation, preferred loan rates,
employee share purchase plan, variable incentive pay (bonus), medical
scheme, pension benefits.

Applicants are requested to submit their resume with a cover letter
via email by July 23rd , 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.













































PAGE 12B, MONDAY: JULY 16

PsA SR Ny cer aw NAR



One Stop Shop Busi ness Ser

* Business Plans

ot il, Aécounting & Marketing
I+ Ouicklooks Accounting | nays
| * Entrepreneurship/Business Atgimt,
* Business Consulting (per liour)

Log ont Www omarkturnquestcons



NOI 1CkK

TURVEY CORPORATION

f
votre 18 hereby given that ta aé lance with
Secuion. 138 (8) of (he Hrile ration i] Business
Compames Act 2000; the dissolution ol
PURVEY CORPORATION has been. completed: a
Certificate of Dissolution Has beer msucd and the.
ARG SA { PP TN¢
a iquida {

Company has therefore beem struck ofthe



CASTLEROCK INTERNATIONAL LTD,

(In Voluntary Liquidation)

|
a4 ‘ |
NOTICE ; |



Notice is hereby given that the above-named Company
is in dissolution, which commenced an the 9ih day
of July 2007. The Liquidator is Aradsa Corp. Inc, PO
Roy N-7757 Nassar Baharia: . oaf
; ) UT ARROSA CORPUNG .

S/T 610 FORA IOs














THE TRIBUNE

or alive’ bankruptcy/

iquidation laws —

FROM page I

“ATE put into administration and
receivers — usually a team. ol
accountants — called in to see if
the company can be salvaged

While administration freezes
a company: s debts the busi
ness still requires Chough mon
ey and cash flow to fund its
continua Oped tions while
the receivers try to work oul
a solution They will uegoliate
with creditors in an atleupt to
seek a settlement of the com
pany’s debts, often foi less than
the full dollaivalue of what ts
owed, but are often forced to
liquidate companies Hoo solu
hon can be woiked out.

the Baliamus has seen 4
nuinbet of bigh-protite
recetverships and liquidations
in recent years. Arhong them

bearnis

was Crladston:
was put into the care of
receivers PricewaterhouseC-

For the stories
behind the news,
read Insight
Pelt



Which’



oopers (PwC) Bahamas. The
firm was ultimately liquidated
after no solution for its debts
was worked out, and it was
realised that the chicken farm
business model was not viable.

PwC (Bahamas) accountant
Wayne Aranha is also the
joint-receiver for Emerald Bay
Resort Holdings, the vehicle
that owns the Four Seasons
Emerald Bay Resort, along
with a London-based PwC
partner, Russell Downs.

PwC were appointed as
receivers by the resort’s main
creditor after Emerald Bay
Resort Holdings failed to sell
ihe property and defaulted on
its debt repayments in April
2007. The PwC duo are now
trying to find a buyer for the
Four Seasons Emerald Bay
Resort, a sale being a common
solution tor distressed, indebt-
ed and insolvent companies.

There have been numerous
other Bahamas-based busi-
nesses, large and small, that
have faced financial difficul-

_ties and either been sold or

gone into liquidation.

Mr Smith, though, said the
lack of bankruptcy/liquidation
protection for Bahamian com-
panies acted as a disincentive
for entrepreneurs, and meant
many business ideas were

killed off before they started

to bear fruit.

“If we have more sensible
bankruptcy legislation, busi-
nesses could more easily sur-
vive, regroup and regenerate,

avhich is what happens in the

US under Chapter 11,” Mr

Smith said, pointing out that

in the US indebted companies
were given much more time
and easier terms under which
to sort out issues with credi-
tors.

A prime example of this,
which had implications for the
Bahamas, was Winn-Dixie, for-
mer owner of Bahamas Super-
markets, which went into
Chapter 11 bankruptcy pro-
tection and has since emerged,
at least in theory, as a leaner,
more profitable business.

The $54 million sale of its 78
per cent stake in Bahamas

Supermarkets to the BSL ©

Holdings buyout group proved
a key step in its re-emergence
from bankruptcy.

Mr Smith said of the need
for a Chapter 11 equivalent in
the Bahamas: “If we had such
legislation, the Driftwood
Group of Companies in
Freeport would not have been
at the mercy of Lehman Broth-

ers, and the economy of |

Freeport would not have been
condemned to a recession for
the last four years as a result of
one large, important hotel
operation having to close down
because it could not pay its
debts.”

Driftwood (Freeport) closed
the Royal Oasis resort in the
aftermath of Hurricanes

. Frances and Jeanne in Sep-

tember 2004, leaving behind
more than $22 million in debts.
The property was taken over
by its mortgage holder,
Lehman Brothers’ private

equity arm, and has been »

closed ever since as attempts
were made to sell the property.

FIDELITY

invites applications for the position of

‘vehicles for Bahamas-based

Ms Smith said that if the.’
Bahamas had emulated US».
laws, Driftwood (Freeport) s
would have been able to “file
for Chapter 11, get protection
from Lehman Brothers, Royal «;
Oasis staff would still have had’ :
their jobs and creditors would.’
still have been paid. As long”
as there’s some cash flow, they.
could still have operated”.

Previously, Mr Smith had |
called for foreign investors
operating in the Bahamas to .
guarantee the financial obliga- |
tions of their subsidiaries in '
this nation, or put up some |
form of performance bond. |

This, he argued, would pro- |
vide protection for Bahamian |
companies doing business with

- these subsidiaries, which were |

often little more than “shell |
companies” that had no assets ,
of their own.

Often set up as special pur-
pose vehicles or off-balance j
sheet entities, for the specific
purpose of acting as holding

investments, many times they
acted as little more than con-
duits for funneling investments
into projects and taking divi- |
dends out. j
Mr Smith said that he had
acted in many cases where —
Bahamas-based businesses
were owed “hundreds of thou-
sands of dollars” by investors
who had walked away from
their projects. As their entities .
here had no assets, Bahamian

_ creditors had no protection. ,

and nothing to claim against»
when they defaulted on their |
debts, he argued. \



SENIOR INTERNAL AUDITO

Senior Internal Auditor
SUMMARY:

In this highly visible position you will be part of a small team
performing audits on the banking, insurance and securities principles
and practices of the Fidelity Group of Companies.

RESPONSIBILITIES:

¢ Conducting meetings and interviews with all levels of

management and personnel

e Performance of thorough studies of ee processes for areas
under audit

e Developing specific audit procedures to accomplish the objectives
of the audit to determine whether assets are adequately safe

_ guarded and whether policies, plans, and procedures are complied

with and whether management reports are accurate

e Performance of specific audit tests and thoroughly Sees
work performed in the audit working papers

e Drawing conclusions based on the results of tests Batarinedd

e Arriving at feasible cost effective solutions to problems
encountered and making specific recommendations — S

-e Organizing the audit working papers in a manner conducive to
developing a report on audit results, findings, and
recommendations

¢ Holding preliminary discussions of the audit findings and results
with operating personnel to verify facts and to ensure that every
one has a thorough understanding of the nature, source and
extent of the issue. Also, input and action plans of operating
personnel are obtained

e Preparing reports detailing the audit results, findings, and
recommendations

QUALIFICATIONS:
To be successful in this role you will have a Bachelors degree in
accounting or a Bachelors degree in finance or business administra-
tion with advanced knowledge of accounting principles. You will
have at least 2-5 years of auditing experience and have a good
working knowledge of Microsoft Excel and Word. You will also have
strong written skills, the ability to understand and analyze opera-
tional functions, excellent problem solving skills and excellent inter- |
personal and communications skills.

The Senior Internal Auditor is expected to work towards or havea professional designation
such as CPA or CIA and should be willing and able to travel about 10-15% of the year.

The Senior Internal Auditor reports directly to the Group Internal Auditor. A competitive
compensation package is offered and will include salary, benefits and bonuses.

Send resumes no later than 20th July 2007 to:

Group Internal Auditor

ana

51 Frederick Street

P.O. Box N-4853
Nassau
ry ax 328.1180 .

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THE TRIBUNE



MONDAY, JULY 16, 2007, PAGE 13B

Bank solution to deliver

75 per cent lower costs

FROM page 1

reason why we cannot have the
ACH functioning adequately
by the end of 2007.”

Mr McWeeney said Mon-
tran had the advantage of
knowing how the Bahamian
monetary system worked as a
result of its work with the Cen-
tral Bank of the Bahamas in
previously installing the Real
Time Gross Settlement
(RTGS) system, which deals
solely with major inter-bank
and large customer transac-
tions.

‘The ACH testing would take
place in a ‘go-live’ environ-
ment, and once transactions
were conducted and completed
in a “satisfactory manner”, all
Bahamas-based banks would
be invited to participate in a
process billed to “move swift-

ly”.
Mr McWeeney said: “We're
talking about the entire bank-
ing system coming together
and making an agreement. If
we’d gone with a previous
solution, we’d have spent mil-
lions of dollars without bring-
ing efficiency to the market.

“What we accomplished in
this case is bringing efficiency
to the market at a quarter of
the cost} and the timeframe for
implementation is dramatical-
ly reduced.”

The Clearing Banks Associ-
ation, said Mr McWeeney, was
now preparing documents that

would allow Montran to apply .

for work permits for the spe-
cialised personnel it needed to
bring into the Bahamas for the
ACH project.

Mr McWeeney was respond-
ing to Dionisio D’ Aguilar, the

LEGAL NOTICE

NOTICE

PRIESTER LIMITED

NOTICE IS HERE BY GIVEN as follows:

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

(b) The dissolution of the said company commenced on the
12th July, 2007 when the Articles of Dissolution were
submitted to and registered by the Registrar General.

| (c). The Liquidator of the said company is Credit Suisse Trust,

Bahamas Chamber of Com-
merce’s president, who has
repeatedly called for the ACH
implementation to be com-
pleted.

He views it as a way of
reducing the business commu-
nity’s dependence‘on cash and
cheques, in turn lowering their
attractiveness as criminal tar-
gets and improving cash flow
and payments integrity by pro-
viding early warning of
bounced/bad cheques.

While it had been hoped
that the ACH would be oper-
ational by mid-2007, it now
looks that this deadline has
been pushed back slightly,
based on Mr McWeeney’s
comments.

The Bank of the Bahamas ©

International managing direc-
tor said of the ACH’s benefits:
“Tt will allow the more efficient
transaction of business, con-
ducted in a more efficient man-
ner and absolute fashion.

“The ACH is. specifically
designed in the context of what
we’re doing — to allow the effi-
cient transaction of cheques,
direct debits and direct credits.
We are introducing best prac-
tice international standards
into the monetary system,
which is what is needed.”

Mr McWeeney disagreed

with Mr D’Aguilar’s comments .

that the ACH was necessary

for Bahamian businesses to
_ participate in e-commerce, say-

ing that what instead was need-

ed was a SWITCH system.
“The SWITCH creates the

dynamics in the system, allow-

ing anyone to use any credit
or debit card anywhere in the
system,” Mr McWeeney said.
“The issue of a SWITCH will
more than likely come after an
ACH.”

The SWITCH is thus likely
to be a product of the ACH’s
second stage, as it will allow
all bank branches to commu-
nicate with those from another
institution, and permit
Bahamians to withdraw cash
from any Automatic Teller
Machine (ATM) in this nation,
regardless of whether it
belongs to their bank.

The third phase, Mr

McWeeney said, could lead to -

the creation of a National Pro-
cessing or National Archiving
Centre for the entire Bahami-
an commercial banking system,
where all transactions are
processed and cleared. Cur-
rently, all the banks have their
own separate processing cen-
tres to handle such functions.
Mr McWeeney said the
Bahamas had learned from the
experiences of other nations in
the Caribbean when it came to
implementing an ACH, point-
ing to Barbados, where such a
project had taken seven years.
As a result, the Central
Bank and the Clearing Banks
Association had sought the
“best values system suited to
our economic environment”

and the business community’s

needs.
“I am confident we will have
found a solution that accom-

’ plishes that,” Mr McWeeney

said.

Rue de Lausanne 17 bis, Geneva.

Dated this 16th day of July, A.D. 2007.

Credit Suisse Trust
Liquidator



‘LEGAL NOTICE

NOTICE
HARRIER INTERNATIONAL CORP.

Notice is hereby given that in accordance with Section 137
' (4) of the International Business Company Act (No. 45 of

2000), HARRIER INTERNATIONAL CORP. has been

dissolved and struck off the Register according to the

Certificate of Dissolution issued by the Registrar General
on the, 2nd day of July, 2007.

Ms. Ximena Furtado Cazes
Juncal 1305, 21st Floor
Montevideo, Uruguay
Liquidator



- West Place 1










SINGLE FAMILY
LOTS FOR SALE

Prices Start at
$175,000





For The Exclusive Agents
alk oe
Geoffrey Brown at

325-1406 Or 322-2683 _

or Call — ,
Stephen Sweeting at

328-1925 or 359-0851



Legal Notice

NOTICE

JEEVESLAND INC.

Notice is hereby given that in accordance with
Section 138 (8) of the International Business
Companies Act 2000, the dissolution of
JEEVESLAND INC. has been completed; a
Certificate of Dissolution has been issued and the
Company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)

_ NOTICE

PRODUCTION (SAMARA) LIMITED

Pursuant to the provisions of Section 137 (8) of the
International Business Companies Act 2000, notice is hereby

given that the above-named Company has been dissolved and |

struck off the Register pursuant to a Certificate of Dissolution
issued by the Registrar General on the 29th day of June,

A.D., 2007.

Dated the 12th day of July, A.D., 2007.

K. L. Floyd

Liquidator of

EXXONMOBIL EXPLORATION AND PRODUCTION
(SAMARA) LIMITED



LAW FIRM

Requires

Legall Secretary

- Minimum four years experience in
Commercial or Litigation practice

- Knoledge of and preparation of
legal documents .

- Shorthand/speedwriting and
organizational skills required

- Attractive benefits

Reply in confidence to:





Email: vacancy50@gmail.com

y names

LEGAL NOTICE

NOTICE
DAILY POWER HOLDINGS LTD.

Notice is hereby given that in accordance with Section 137
(4) of the International Business Company Act (No. 45 of
2000), DAILY POWER HOLDINGS LTD. has. been
dissolved and struck off the Register according to the
Certificate of Dissolution issued by the Registrar General
on the 21st day of May, 2007.

Rustem Limited
Trident Chambers
P. O. Box 146
Road Town, Tortola
British Virgin Islands
Liquidator

LEGAL NOTICE

NOTICE
MARLICO MANAGEMENT LIMITED

NOTICE Is HERE BY GIVEN as follows:

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

(b) The dissolution of the said company commenced on the
12th July, 2007 when the Articles of Dissolution were
submitted to and registered by the Registrar General.

(c) . The Liquidator of the said company is Credit Suisse Trust,
Rue de Lausanne 17 bis, Geneva:

Dated this 16th day of July, A.D. 2007.

Credit Suisse Trust
Liquidator

LAW FIRM

Requires —

- Minimum four years experience in
Commercial or Litigation practice

- Knoledge of and preparation of
legal documents

- Shorthand/speedwriting and
organizational skills required

- Attractive benefits



Reply in confidence to:
Email: vacancy50@gmail.com:

LEGAL NOTICE

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

In Voluntary Liquidation

Notice is hereby given in accordance with Section 138 (4) of
the International Business Companies Act, (No.45 of 2000),
NORWICH INVESTMENT CORP. is in dissolution. Mrs.
Alrena Moxey is the Liquidator and can be contacted at
Winterbotham Place, Marlborough & Queen Streets,
Nassau, Bahamas. All persons having claims against
the above-named company are required to send their
addresses and particulars of their debts or
claims to the Liquidator before 16th August, 2007.

ALRENA MOXEY
LIQUIDATOR

LEGAL NOTICE

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

In Voluntary Liquidation

Notice is hereby given in accordance with Section 138 (4) of
the International Business Companies Act, (No.45 of 2000),
BAHAMAS COMMODITY SYSTEMS (BCS) LTD. is in
dissolution. Mrs. Alrena Moxey is the Liquidator and can +
be contacted at Winterbotham Place, Marlborough & Queen
Streets, Nassau, Bahamas. All persons having claims against
the above-named company are required to send their names
addresses and particulars of their debts or claims to the
Liquidator before 16th August, 2007.





PAGE 14B, MONDAY, JULY 16, 2007
GN-531



SUPREME COURT

SUPREME COURT
PROBATE REGISTRY
P.O. BOX N-167 :
Nassau, The Bahamas ;
July 19, 2007 :
i of the Islands of the Commonwealth of The Bahamas,

i deceased.

Probate Division

_ 2007/PRO/npr/00310

: NOTICE is hereby given that after the expiration of
: fourteen days from the date hereof, application will be :
: made to the Supreme Court of The Bahamas, in the :

SUPREME COURT :
PROBATE REGISTRY :
P.O. BOX N-167 :
Nassau, The Bahamas :

Probate Division
2007/PRO/npr/00306

July 19, 2007 :

IN THE ESTATE of DORANE ROBERTSON :
CELENTANO, late of 205 Glenmore Street in the Village :
of East Williston in the County of Nassau in the State :
of New York one of the United. States of America, :

deceased

NOTICE is hereby given that after the expiration of ;
fourteen days from the date hereof, application will be :
made to the Supreme Court of The Bahamas, on its ;
Probate Side by WILLIAM P. HOLOWESKO, of Lyford :
Lane, Lyford Cay, New Providence, one of the Islands ;
of the Commonwealth of The Bahamas, Attorney-At- :
Law, the Authorized Attorney in The Bahamas, for :
obtaining the Resealed Grant of Letters Testamentary :
‘in the above estate granted to VIRGINIA R. HECKERT :
AND ROBERT W. HECKERT, the Executors, by the :
Surrogate’s Court of Nassau County, in the State of :
New York one of the United States of America, on the :

13th day of February 1992.

Signed
K Mackey
(for) REGISTRAR

| Southern District, New Providence, one of the Islands
i of the Commonwealth of The Bahamas, deceased. }

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT :
PROBATE DIVISION :

No. 2007/PRO/npr/00307

July 19, 2007 ;

Whereas, JEAN ALLEN of East Bay Street, Eastern
District, New Providence, one of the Islands of the :

Commonwealth of The Bahamas has made application ;

to the Supreme Court of The Bahamas, for letters of :
administration of the Real and Personal Estate of :

GEORGE WILLIAM ALLEN, JR.,

late-of The Eastern :

.. Road;: Eastern: District, New Providence, one of the: +
oalslands | of. the: Commonwealth of The Bahamas, :

deceased. :

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days
from the date hereof.

Signed
Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT :

PROBATE DIVISION !
July 19, 2007 :

No. 2007/PRO/npr/00308

Street, Western District, New Providence, one of the :
islands of the Commonwealth of The Bahamas has :
«made application to the Supreme Court of The :
Bahamas, for letters of administration of the Real and :

Personal Estate of ROBERT L. WHYMMS late of #75 |
Hamilton Street, Mount Pleasant Village, Western :
District, New Providence, one of the Islands of the :

Commonwealth of The Bahamas, deceased.

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days :

from the date hereof.

Signed
Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS |
THE SUPREME COURT |
PROBATE DIVISION |
July 19, 2007 :

No. 2007/PRO/npr/00309

Whereas, ELAINE ARNETT of Amerylis Avenue, New :
Providence, one of the Islands of the Commonwealth :
of The Bahamas has made application to the Supreme :
Court of The Bahamas, for letters of administration of :
the Real and Personal Estate of TORQUIL ARNETT :
late of Amerylis, New Providence, one of the Islands :
of the Commonwealth of The Bahamas, deceased. :

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days

from the date hereof.

Signed
Desiree Robinson
(for) Registrar

; Whereas MICHELLE NEVILLE-CLARKE of Marlin ;
: Drive in the Western District of the Island of New :
: Providence, one of the Islands of the Commonwealth :
i of The Bahamas has made application to the Supreme
: Court of The Bahamas, for letters of administration of :
i the Real and Personal Estate of FREDY GOZALI late :
i of Jalan Matraman Raya Number 60, Rukun Tetangga :
012/002, Kebon Manggis Village, East Jakarata, :

IN THE ESTATE of JON R. RUHLMAN, late of Shoreby
: Drive in the Town of Bratenshl in the Country of :
: Cuyahoga in the City of Cleveland in the State of Ohio :
: one of States of the United States of America, :
i deceased :

Probate Division by WILLIAMS EDGAR PILCHER of :
the Eastern Road, Eastern District of the Island of New :
Providence, one of the Islands of the Commonwealth :
of The Bahamas, Attorney-At-Law, the Authorized :
Attorney in The Bahamas for obtaining the Resealed :
: Grant of entry appointing Fiduciary Letters of Authority :
: inthe above estate granted to BARBARA P. RULMAN :
: the Executrix of the Estate, by the Probate Court of :
Cuyahoga County, Ohio, one of the States of the United :
i Road, Southern District, New Providence, one of the
: Islands of the Commonwealth of The Bahamas has
i made application to the Supreme Court of The
: Bahamas, for letters of administration with the will
} annexed de bonis non of the Real and Personal Estate
; Of ADDINGTON TAYLOR late of The Southern District,
: New Providence, one of the Islands of the |'
: Commonwealth of The Bahamas, deceased.

COMMONWEALTH OF THE BAHAMAS ;
THE SUPREME COURT :
PROBATE DIVISION :
July 19, 2007 :

States of America, on the 12th day of May 2006.
Signed

Desiree Robinson
.. (for) REGISTRAR

No. 2007/PRO/npr/00312

Whereas, GLORIA PATRICIA DAWKINS nee LEWIS :
of Butter Cup Lane, South Beach, Southern District, :
: New Providence, one of the Islands of the :
: Commonwealth of The Bahamas has made application :
? to the Supreme Court of The Bahamas, for letters of :
i . administration of the Real and Personal Estate of DAVID :

DAWKINS late of Butter Cup Lane, South Beach,

Notice is hereby given that such applications will be ;
heard by the said Court at the expiration of 14 days : ;
: Whereas, SHANNELLE SMITH of the Western District,
i New Providence, one of the Islands of the
: Commonwealth of The Bahamas, Attorney by Deed of
: Power of Attorney for the Administrators has made
i application to the Supreme Court of The Bahamas, for
i letters of administration with the will annexed of the
: Real and Personal Estate of JULES FRANCOIS
: JOSEPH JUAN PHILLIPPE MAURICE FERNANDO
i de AMODIO a.k.a. JOHN de AMODIO a.k.a. THE
i: MARQUIS de AMODIO late of 3 rue de L’Eveche,
- COMMONWEALTH OF THE BAHAMAS :
-°PEHE SUPREME COURT
PROBATE DIVISION ::

July 19, 2007 :

: from the date hereof.

from the date hereof.

Signed
Desiree Robinson
(for) Registrar

1 anbe

No. 2007/PRO/npr/00313

Whereas, BERYL ANDREA WILLIAMS of 8 Benson :
Road, Dannottage Estates, Eastern District, New: —
Providence, and SIDNEY ALEXANDER CAMBRIDGE, :
Jr., of No. 9 Chancery Lane, Winton Estates, Eastern :
District, New Providence, both of the Islands of the :
Commonwealth of The Bahamas, Attorneys by Deed :
of Power of Attorney for the Administrator has made ;
application to the Supreme Court of The Bahamas, for :
letters of administration of the Real and Personal Estate :
of MARIA: RENATE KELLERMANN late of Im :
Ziegelwinkel 16,96317 Kronach in the federal Republle

i No. 2007/PRO/npr/00319
i Notice is hereby given that such applications will be :-

; heard by the said Court at the expiration of 14 days : Whereas, SHERYL VINCESS HILTON of Gerald Bartlet
: from wale date hereof.

Whereas, WEALTHEA WHYMMS of #75 Hamilton :

of Germany, deceased.

Signed
Desiree Robinson
(for) Registrar

No. 2007/PRO/npr/00314

Republic of Indonesia, deceased.

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days :

from the date hereof.

Whereas WILLIAM NATHANIEL TAYLOR of Gleniston
: Gardens in the Island of New Providence, one of the :
i Islands of the Commonwealth of The Bahamas has :

Signed
Nicoya Neilly
(for) Registrar

No. 2007/PRO/npr/00315 ©

THE TRIBUNE;

made application to the Supreme Court of The
Bahamas, for letters of administration with the will

annexed of the Real and Personal Estate of CLIFTON |'

HARCOURT TAYLOR late of Gleniston Gardens in the
Eastern District of the Island of New Providence, one

Notice is hereby given that such applications will be |.
heard by the said Court at the expiration of 14 days |

from the date hereof.

Signed
Nicoya Neilly
(for) Registrar

COMMONWEALTH OF THE-BAHAMAS
THE SUPREME COURT
PROBATE DIVISION

July 19, 2007 ||’

No. 2007/PRO/npr/00317
Whereas, SUSAN J. JOSEPH nee ROLLE of Claridge

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days
from the date hereof.

Signed
Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS

THE SUPREME COURT

PROBATE DIVISION

July 19, 2007
No. 2007/PRO/npr/00318

Switzerland, deceased.

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14. days

Signed bag) :
Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT
PROBATE DIVISION
July 19, 2007

! Subdivision, Western District, New Providence, one of
i the Islands of the Commonwealth of The Bahamas has
: made application to the Supreme Court of The
: Bahamas, for letters of administration of the Real and
} Personal Estate of SEAN MARIO HILTON late of Gerald
i Bartlet Subdivision, Western District, New Providence,
: one of the Islands of the Commonwealth of The
: Bahamas, deceased.

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT :
PROBATE DIVISION :
July 19, 2007 :

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days
from the date hereof.

Signed
Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT
PROBATE DIVISION"
July 19, 2007
No. 2007/PRO/npr/00320

i Whereas, VIRGINIA FERGUSON of Pinewood Gardens,
i Southern District, New Providence, one of the Islands
: of the Commonwealth of The Bahamas has made >
: application to the Supreme Court of The Bahamas, for
i letters of administration of the Real and Personal Estate
: of AMOS FERGUSON late of Francis Street, Fox Hill,
: Eastern District, New Providence, one of the Islands
? of the Commonwealth of The Bahamas, deceased.
COMMONWEALTH OF THE BAHAMAS :
THE SUPREME COURT :
PROBATE DIVISION :
July 19, 2007 ;

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days
from the date hereof.

Signed
Desiree Robinson
(for) Registrar

|

1



‘ No. 2007/PRO/npr/00324

THE TRIBUNE

GN-531

‘SUPREME COURT

SUPREME COURT
PROBATE REGISTRY
P.O. BOX N-167
Nassau, The Bahamas
July 19, 2007
Probate Division
2007/PRO/npr/00321

IN THE ESTATE of WILLIAM DENNIS, late of
Van.Buren County in the State of Tennessee,
one of the States of the United States of
America, deceased.

NOTICE is hereby given that after the expiration
of fourteen days from the date hereof,
application will be made to the Supreme Court
of The Bahamas in the Probate Division by
NICHOLAS JOHN ZERVOS of the City of
Nassau in the Island of New Providence, one
of the Islands of the Commonwealth of The
Bahamas, Attorney-At-Law, the Authorized

| Attorney in The Bahamas for obtaining the —

Resealed Letters Testamentary in the above

' estate granted to RUTH DENNIS, the Executrix

of the Estate, by the State of Tennessee,
County of Van Buren, on the 8th day of June
2005.

Signed
Nicoya Neilly
(for) REGISTRAR

COMMONWEALTH OF THE BAHAMAS -

THE SUPREME COURT
PROBATE DIVISION
July 19; 2007

_ Whereas RUBY ELAINE BYER of the Southern

District of the Island of New Providence, one

. of the Islands of the Commonwealth of The
| Bahamas has made application to the Supreme
' Court of The Bahamas, for letters of
, administration of the Real and Personal Estate

of DORA MATILDA HENRY late of Ferguson
Subdivision in the Southern District of the
Island of New Providence, one of the Islands
of the Commonwealth of The Bahamas,

. deceased. *

: Notice is hereby given that such applications
: will be heard by the said Court at the expiration
. Of 14 days from the date hereof.

Sign
Nicoya Neilly
(for) Registrar

SUPREME COURT
PROBATE REGISTRY
P.O. BOX N-167
Nassau, The Bahamas
July 19, 2007
Probate Division
2007/PRO/npr/00325

IN THE ESTATE of CATRIONA MACLAINE

MONDAY, JULY 16, 2007, PAGE 15B



Home Centre eyes ruling cost benefits

FROM page 1

favour.

Mr Simpson said the Home
Centre had been pre-paying
customs duties on items that
prior to Justice Isaacs’ ruling
were regarded as ‘ consumable
stores’ and could not be treat-
ed as bonded, such as house-
wares, vacuum cleaners and
certain-size televisions.

Commenting on the ruling,
which prevents Customs levy-
ing a blanket $738,000 demand
for upfront duties on the
Home Centre in return for giv-
ing its new superstore permis-
sion to open, Mr Simpson said
“this would have effectively
finished us off” as a business
had it been allowed to stand.

This was because it would
have made all products stocked
by the Home Centre duty-paid,
even though 70 per cent of its

’ customer base were GBPA

licensees. The company can
sell products bonded (duty-
free) to these licensees if the
goods are used in their busi-
nesses, and Mr Simpson

implied that the Home Centre
would have lost this advantage
if the ruling went against it.

He said: “I might add that
had had this happened [the rul-
ing gone against it], over 100
Bahamians would have been
out of work and over 700
Bahamian shareholders in our
company would have seen
their investment wiped out.”

Mr Simpson said that in
designing the new superstore,
the Home Centre wanted to
compete with the likes of
Home Deport and Lowe’s in
the US, offering similar prices
that would allow Grand
Bahama residents “to enjoy a
great shopping experience and
spend their dollars here at
home”.

Bringing in bonded invento-
ry and displaying it on store
shelves allows the Home Cen-
tre to match its US competi-
tors on both price and shop-
ping experience.

“We have an excellent point
of sale programme that keeps
track on all items that have
been brought in bonded and
sold duty-paid, and in the five

years that I have held the posi-
tion of chief executive of this
company we have faithfully
paid customs duties each and
every month,” Mr Simpson
said, saying that the Home
Centre had been complement-
ed on this by Customs.

He described the court rul-
ing as a “landmark” that “ lev-
els the playing field” for busi-
nesses in Freeport.

Mr Simpson said: “This rul-
ing will allow us in Freeport,
which is already a duty-free
zone, to compete more effec-
tively with US businesses that
are selling to our licensees, and
in turn, rather than all the
funds going to the US, we all
would keep a majority of the
funds here in our own econo-

y.

“We believe in open trade
and that competition is good
for Freeport, as it reduces the
cost of goods to our contrac-
tors and related businesses,
which reduces the cost of con-

struction and all consumers

gain.
“In our opinion, prices have
been kept high for far too long,

Credit Suisse (Bahamas) Limited

is presently considering applications for a

Senior Accountant — Derivatives & Structured Products .

Credit Suisse is one of the world's premier private banks.

traditional banking services.

It is setting new standards that go beyond
Our dedicated and highly qualified staff provides our clientele with

comprehensive solutions in individual investment counseling and professional portfolio management. Our
total commitment is always'to our clients and we focus without compromise on their financial well-being and

their personal values.

The position is open to eanedates with the following minimum requirements:

Main tasks:

“Preparing all financial statements for derivatives & structured products business of the bank”
Provide expertise in defining accounting treatment for derivative products LOPS; Swaps, etc. ‘)
Assisting in the preparing of reports for Senior management

Assisting in ensuring that all Balance Sheet accounts are substantiated

Involvement in various.investment banking and Group accounting issues and projects

Recommend new products for implementation after receiving sign-offs of above specialized units
Ensure that new products are implemented in a controlled manner and execute implementation review
with IT, Operations and Accounting
Identify potential tisks and suggest improvements regarding controls, systems in use and business ©

management

Work with senior business management to prioritize initiatives _
Support implementation of standard software supplements

Requirements:

e A minimum of five (5) years experience with an oftetiore bank, trust company or accounting firm
e Technical product knowledge of derivatives / structured products MANDATORY: Must demonstrate <"'

Sufficient hands-on work-experience in accounting for derivative products. :

‘Product Control or Finangial Control background required

CPA, CA or equivalent
University degree

Knowledge of US GAAP would be an asset
Good IT skills; familiar with Accounting and IT infrastructure basics

Personal Qualities:

Benefits provided include:

A commitment to service excellence

Ability to work under pressure and with minimum supervision

Good organizational and. interpersonal skills. :

Ability to work independently

Effective communicator and hands-on and proaativa approach
Strong analytical and organisational skills and good sense of control

e Competitive salary and benefits

MBABA ari i SS

APPLICATIONS MUST BE IN WRITING. Persons not rngeting the minimum requirements: need not apply.

Applications should be submitted to:

Human Resources Department
P.O. Box N-4928
-Nassau, Bahamas

DEADLINE FOR RECEIPT OF APPLICATIONS IS JULY 20, 2007

CREDIT SUISSE

Bis =

Pricing Information As Of:

Abaco Markets

Bahamas Property Fund
Bank of Bahamas

Benchmark



and this is not helping the com-
munity during these tough eco-
nomic times.”

Mr Simpson said he believed
it was “not practical” for
GBPA licensees to attempt to
recoup pre-paid duties from
Customs in light of the Home
Centre ruling. He added:
“Most people would say
‘hooray’, and thank the courts
in that they didn’t have to go ~
through all the time, costs and
litigation, and then move on
to take advantage of cost sav-
ings for itself and its cus-
tomers.”

Real estate
eae y hte
five per

Waele
year



FROM page 1

up by five per cent,” she said.

This is particularly true in
New Providence, where the
lowest price is around $60,000
for a lot.

Ms Rahming acknowledged
that real estate prices are
climbing for a variety of rea-
sons, including scarcity of land
supply, consumer demand and
the cost involved in putting in
infrastructure and utilities for
subdivision developments. |

For persons interested in
investing in property, Ms Rah-
ming suggested purchasing in
Exuma or Grand Bahama,
both areas she identified as

‘hot spots’. Nassau is so satu-

rated and small that real estate
prices are going to remain:
high, Ms Rahming said.

“If you look at Freeport, a
property 100 by 100 sells for
about $30-$40,000, whereas
that same piece of property in
Nassau sells for around

* $140,000,” she added:

Similarly, Ms Rahming said

«a parcel of (land ini: Exuma,

sized 80 feet by 120 feet, would
on average cost between
$17,000- $20,000. .

Even so, she said land prices

. will only increase, as that same

sized property on Exuma cost
about $5,000 five years ago.

“So it has more than tripled,” .

Ms Rahming said.
“My advice, particularly for
young people, is if you see

- something that you are inter-
’ ested in, then go and get it

because the price will only go
up if you wait.”

Ms Rahming said it was
encouraging that in her com-
pany, they are seeing many
young couples aged in their
20s, and single women in their
30s, coming forward to make
land and real estate purchases.

However, she pointed out
that she does not see as many
single young men looking for
property or a home.

“Most of the time, they are

- coming in with a strong female

partner,” Ms Rahming said.

0.000
0.400
0.260
0.020

—

GOURLAY, late of No. 54 Bishop’s Court,
Bishop’s Road, Trumpington in the District of
Cambridge in the County of Cambridgeshire
in the United Kingdom, deceased.

Bahamas Waste ' : : i , 0.060
Fidelity Bank . . \ 4 0.020
Cable Bahamas ° i hs A i 0.240
Colina Holdings i 2. des 0.080
Commonwealth Bank i i : : 0.680
Consolidated. Water BDRs B fs i 0.050
Doctor's poepiels i i i re 0.000
Famguard H i : f F 0.240
Finco 3 ; B 0.570
FirstCaribbean z z iM 2 0.470
Focol i r a . z 0.520
Freeport Concrete : ; i i i 0.000
ICD Utilities iT. : H l 0.200
J. S. Johnson ie E .00° i 0.580
Premier Real Estate 0. Z is -16 0.600

NOTICE is hereby given that after the expiration
of fourteen days from the date hereof,
application will be made to the Supreme Court
of The Bahamas in the Probate Division by
KEVIN M. RUSSELL of the City of Freeport
in the Island of Grand Bahama, one of the
Islands of the Commonwealth of The
Bahamas, Attorney-At-Law, the Authorized
Attorney in The Bahamas for obtaining the
Resealed Letters of Administration in the above
estate granted to JAMES RICHARD TEE, the
Personal Representative of the Estate, by the
High Court of Justice, the District Probate
pegery at Ipswich, on the 25th day of April

Bahamas Supermarkets
Caribbean Crossings (Pref)

S2wk-Hi 52wk-Low
Colina Money Market Fund
Fidelity Bahamas G & | Fund
Colina MSi Preferred Fund
Colina Bond Fund

2. 739935**
1.257576*



inds divided by closing price
Bid $ - Buying price of Colina and Fidelity
Ask $ - Selling price of Colina and fidelity _
Last Price - Last traded over-the-counter price
Weekly Vol. - Trading volume of the prior week
EPS $ - Acompany‘s reported earnings per share for the last 12 mths
NAV - Net Asset Value
N/M - Not Meaningful
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

52wk-Hi - Highest closing ie in last 52 Weel
52wk-Low - Lowest closing price in last 52 weeks
’ | Previous Close ~- Previous day's weighted price for daily volume
Today's Close - Current day's welghted price for daily volume
Change - Change In closing price from day to day
Daily Vol. - Number of total shares traded today
DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month earnings

Signed Peas
Nicoya Neilly
(for) REGISTRAR

** ~ 30 June 2007
** -.31 May 2007

** - 30 June 2007





PAGE. 168, ‘MONDAY, sULY 16, 2007 THE TRIBUNE °





We're absolutely overjoyed to accept the Canadian Travel Agents’ Choice Awards for
' . "Favourite Hotel Chain". |





i"

° We did it in style! .With more points than 2nd & 3rd place combined. : ”





° And got a bonus! ...voted “Favourite All inclusive"
_ for the 8th year ina row. —

It's a wonderful moment for the entire dedicated Sandals team, and our Beaches Resort
sister brand, who proudly shares this award with us.

All the Bahamas can join us in celebrating because as always a Sandals victory, is one } is

for the Bahamas.

RESORTS»





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Volume: 103 No.194



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Seven-year-old boy
from US sustains
fatal head injuries

@ By KARIN HERIG
Tribune Staff Reporter

A SEVEN-YEAR-OLD
American boy died yesterday
morning on Paradise Island as
the result of a jet-ski accident,
once again calling into the ques-
tion the safety of the popular
water craft.

According to preliminary
police reports, the boy was rid-
ing on a rented jet ski with his
mother, when she lost control
of the craft. The boy fell off the
jet ski, sustaining fatal head
injuries.

The tragic accident happened
just hours after the boy arrived
in the Bahamas with his parents
and sister.

Chief Supt Glen Miller, in
charge of CDU, told The Tri-
bune that the family arrived in
the Bahamas at 8am yesterday
onboard the Majesty of the Seas
cruise ship.

The family was spending
their shore leave on Cabbage
Beach until the fatal accident
occurred at 11.30am. The boy
was taken from Paradise Island
to Princess Margaret Hospital
by ambulance and was pro-
nounced dead on arrival.

This is the third fatality
involving jet skis and speed
boats to occur on Paradise
Island in the past five years.

Last June, 14-year old
William Kay of New Jersey was
killed when a joy-riding adven-
ture became fatal,

The teenager was riding a jet
ski when he lost control and col-
lided with a boat. As a result of
the collision, the boy suffered
-.Serious injuries and was pro-

f ib
a5





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nounced dead on arrival at the
hospital. ‘

Following this incident, jet
ski operator Patrick Glinton was
charged with operating a com-
mercial water craft without a
valid insurance certificate, cur-
rent business license and regis-
tration certificate.

He was also charged with
failing to produce a commercial
water craft to the Bahamas Port
Authority and permitting a per-
son under 18 to take control of
the water craft.

In November 2004, 44-year-
old Anthony Moretti of New
York died on Paradise Island
after his jet ski collided with one
driven by his 13-year-old niece.

The two-year-old son of
British couple Paul'and Andrea
Gallagher, died in August, 2002,
on Cabbage Beach after being
hit by an out-of control speed-
boat that was pulling a banana
boat.

Legislation was passed in
parliament last April to
strengthen regulations govern-
ing the commercial and recre-
ational uses of water craft in the
Bahamas.

The legislation imposes stiff
penalties — ranging from two
years in prison to maximum
fines of $5,000 — on jet ski oper-
ators who do not hold licences.

The new regulations also stip-
ulate that no one under 18 will
be allowed to operate or rent
jet skis. —

Although all laws seemed to —

have been adhered to in this lat-
est tragic accident, questions still
arise as to how safe jet skis real-

ly are for inexperienced tourists '

to operate.



$ 390970







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Che Miami Herald

BAHAMAS EDITION





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Pre
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MONDAY, JULY 16, 2007

INS|

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THE driver of this Nissan Sentra was travelling west on Tonique Williams-Darling Highway when he lost control.

By KARIN HERIG
Tribune Staff Reporter

TWO men — one from Nassau, the other from Andros — lost
their lives in separate traffic accidents this weekend, bringing the

number of fatalities to 24 for the year.

A 25-year-old man of Pinewood, New Providence, was killed
when he was thrown from his vehicle after hitting a tree, and a
resident of North Andros died after losing control of his carin | :

the area of Nicholls Town.

According to press liaison officer Asst Supt Walter Evans, the
New Providence victim was travelling west on the Tonique -

| Court of Appeal
rules costs awarded —
over seized vehicles —

were ‘excessive’

By ALISON LOWE
Tribune Staff Reporter

INA case related to the 2002 arrest of

alleged drug trafficker Austin Knowles, the
Court of Appeal has ruled that a Supreme
Court judgment that costs of over $230,000 be
awarded by the government to two separate
companies whose vehicles were seized at Mr
Knowles! residence on the day of his arrest
was "excessive and contrary to principle."
Instead, appeal judge Justice Longley on

July 12 substituted awards of $7,000 to each of

the two owners of the luxury vehicles — a
Mercedes 5500 series, a Lexus LX jeep and a
Cadillac Escalade jeep.

Justice Longley, with President of the
Court of Appeal Dame Joan Sawyer and Jus-
tice Osadebay, presided over the appeal.

Noting in his judgment that an appellate
court "does not lightly interfere with an award
of damages made by a judge" Justice Longley
said that a court can interfere if it is clear
that a judge has "acted upon some wrong
principle of law, erred by taking into account
some irrelevant consideration, or failed to
consider a relevant factor," or if the amount

SEE page 12

(Photo: Tim Clarke/Tribune staff)

Williams-Darling Highway shortly after 6pm on Saturday when

the accident occurred.

The driver was reportedly travelling at a high speed when he

lost control of his 1996-model, white Nissan Sentra vehicle.
The car hit a tree and overturned from the impact. The dri-

ver was ejected from his seat, Asst Supt Evans said.

“National debt edges
closer to $3billion

@ By NEIL HARTNELL
Tribune Business Editor

THE Bahamas’ national debt is inching

_ closer towards the $3 billion mark, now stand-

ing less than $100 million away from that fig-
ure, as the Central Bank confirmed the fiscal
deficit’s widening in the run-up to the May 2
general election as the then-government
sought a pre-vote boost through increased
spending.

Reviewing domestic economic develop-

ments for the 2007 first quarter, the Central . 0 \ [
: of the alarming possible side-effects were

: raised, said senior pharmacist at Lowe's
: Pharmacy, Bruce Lowe, yesterday.

Bank reported that the fiscal deficit for the
three months to March 31 widened by $10.8
million to $35.6 million compared to the Be
vious year.

A 13.1 per cent rise in government rev-
enues during the first three months of 2007,
driven by a 13 per cent increase in tax rev-
enues, was outdone by rises in both recurrent
and capital spending by the Government.

The increase in government taxes was dri-
ven by growth in stamp and real property
taxes, which outshone a decline in customs
duties on imports and tourism-related taxes.

Yet recurrent spending, which goes main-
ly on the Government’s fixed costs such as
wages, salaries and property rents, rose by

SEE page 12

The victim was rushed to Princess Margaret Hospital where
he died of his injuries shortly on arrival.
The two other passengers of the Nissan, both men, also sus-

SEE page 12



Physicians are
‘watching’ Bahamian
patients on diabetes

drug ‘Avandia’

| MBy ALISON LOWE

Tribune Staff Reporter
BAHAMIAN patients taking diabetes

i drug "Avandia" are "being watched" by

; their physicians in light of reports coming

; out of the U.S. that the drug may cause

: an increased risk of heart problems, it has
- | “been claimed.

Some patients have requested that they
be put on other medication since concerns

Mr Lowe was speaking in the wake of

i reports in The Miami Herald on Friday
: .which revealed that in the four weeks fol-
: lowing an analysis which detailed the
; increased risk for those on Avandia, federal
; regulators in America have received a
: tripling of reports of side effects.

Such side-effects ranged from blisters to

sudden cardiac death, it was reported.

Mr Lowe said that healthcare profes-

sionals in the Bahamas ‘have in fact been
: aware of the potential side-effects for some

SEE page 12

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PAGE 2, MONDAY, JULY 16, 2007

THE TRIBUNE





Laing pledges to help voters |
being accused in Marco City

& By DENISE MAYCOCK
Tribune Freeport Reporter

FREEPORT - Zhivargo
Laing, MP for Marco City, said
the FNM will seek to assist
those persons who are being
accused by the PLP of voting
illegally in the Marco City con-
stituency.

The Minister of State for
Finance said that he and his
legal team have already con-
tacted several persons whose
names appear on a petition filed
by Senator Pleasant Bridgewa-
ter to contest the election results
in Marco City.

“We will continue to do all in
our power to defend the results
of the election gone by, and to
defend the good names of those
persons who were duly entitled

“in Havana. |

to vote in the last general elec-
tion in Marco City,” he said on
Sunday at his constituency
office.

He reports that in the peti-
tion Ms Bridgewater is alleging
that 19 persons who voted were
non-Bahamians and not enti-
tled to vote in Marco City, and
that 81 persons voted who were
not residents in the constituen-
cy.

Mr Laing said that the for-
mer MP for Marco City contin-
ues to compile a list of other
persons to be named in her peti-
tion before the court.

On Friday, Senator Bridge-
water claimed that almost 200
persons voted illegally in Marco
City. She also complained that
members of the FNM are con-
tacting PLPs and telling them

Flying five days a week _
except Tuesday & Saturday

that their names are on a list to
be challenged by the PLP.

Mr Laing explained that
sometime on June 21 he was
served with a notice of petition
filed by Senator Bridgewater,
petitioning the courts to review
the results of the recent elec-
tion.

In that petition before the
courts, he said, she alleges that
some 100 persons illegally voted
in Marco City, and listed the
names, date of birth and the
polling divisions in which those
persons voted.

“Tt has fallen to me, and to
us to seek out those persons and
to assist them in trying to clear
their good names, having been
accused in the courts by Ms
Bridgewater of having not been
entitled to vote,” he said.

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“IT must tell you many of
them were shocked; they were
stunned and indeed, they were
angry at discovering that they
had been so named by Ms
Bridgewater.

“What I found interesting
is that a number of those per-
sons who claim to have sup-
ported her were even more,
angry about this matter,” said
Mr Laing.

“And so, I suspect that the
calls which Ms Bridgewater
said she was inundated with,
were calls from people who
would have expected better
from her; who would have
expected, having supported
her, not to have so accused
them.”

Mr Laing said he is fully
confident that when the court
has an opportunity to review
the evidence in relation to the
matter, that nothing will
change in respect to the
results for Marco City.

“T will remain the MP for
Marco City, and the people
who decided that they didn’t
want the last MP for Marco
will have had their wishes
stand,” he said.

In addition to the Marco
City seat, the PLP is also con-
testing the Blue Hills and
Pinewood seats.



@ ZHIVARGO Laing

Mr Laing said that there are
some people who cannot
accept the will of the people
and believe that they are enti-
tled to govern the Bahamas.

“There are some people
who believe they are entitled
to be representatives of cer-
tain constituencies. And they
cannot accept the will of the
people and they try to do all
they could to get back what
they believe is duly theirs.

“There is nothing we can
do about that, but we have a
responsibility to defend the
results of the last election and
we are going to do that
assertively,” he said.

Bridgewater makes

@ By DENISE MAYCOCK
Tribune Freeport Reporter

FREEPORT .— PLP Sena-
tor Pleasant Bridgewater
claims that young persons
have to pickup applications
for government’s summer
employment programme at
FNM Headquarters, but FNM
MPs say that forms are avail-
able at the Administrator’s
office on Grand Bahama.

“Tam informed that appli-
cation forms are being issued
otit of*the office of the FNM
Headquarters, and if that is
not making the programme
political, then tell me what is?

“Not everyone is an FNM
supporter and feels comfort-
ablegoing (there),” said Ms
Bridgewater on Friday at her-
PLP office in Marco City.

However, Minister of State
for Finance Zhivargo Laing and
Pineridge MP Kwasi Thomp-
son denied the accusation.

Mr Laing said that any
attempt to suggest that the-
government is running the
programme out of FNM-
Headquarters was “absolutely
erroneous and false.”

“I might also note that Ms
Bridgewater suggested that

she heard that I had person- -

ally interviewed students and
received application forms.
Nothing could be further from
the truth... as I have never

' interviewed a student for this

programme,” he said.
Ms Bridgewater also said that

‘during the last few years the

programme has come under a
lot of scrutiny by the then FNM
opposition, which also accused
the PLP government of victim-
izing young people.

“In my opinion, how is it
being conducted now is even
worse and shameful and dis-
graceful. And furthermore, it is
wrong and should be stopped.

Mr Laing said that the sum-

claim over programme

mer employment programme
is being run out of the Admin-
istrator’s office in Freeport.
He also said that the Ministry
of Finance had transferred
some $315,000 to the Admin-
istrator’s office for the pro-
gramme in Grand Bahama.
Mr Laing said that there are
a number of supervisors for
the programme from the var-
ious constituencies who have
been assisting with the pro-
cessing and placement of stu-
dents and persons being
engaged in the summer
employment programme.

Mr Laing said that he has |
‘ received requests fromstu-

dents throughout the con-
stituency about the startof the
programme and had passed
on the names of those persons
to the relevant agency.

“To suggest that I did any-
thing in the nature of taking
applications, and personally
interviewing students is
absolutely false.

“All of my colleagues have
been participating in this pro-
gramme through their con-
stituency offices.”

He explained that some stu-
dents may have contacted the
FNM Headquarters inquiring
about applications, and the
office may have decided to get
some forms.

Mr Laing believes that the
PLP is trying to cast asper-
sions on the programme for
politicalreasons.

Pineridge MP Kwasi Thomp-
son, deputy speaker of the
House, said he was concerned
and upset over comments made
by Senator Bridgewater.

“The employment pro-
gramme is too critical for us to
use it as a political tool. We
are facing serious times in
Grand Bahama, where we are
trying to remedy the situation
that has existed for the past
five years.:









Order it alone or do a tasty Combo.
Just make sure you’re prepared...

Always Fresh. Never Frozen. ae





ln brief

A eneeenneeeeeeeeneeeeeeseneeeneneeeeteeeeees Trees sasgneeens

Woman held
after handgun
ammunition
is discovered

A 33-YEAR-OLD woman
has been detained in connec-
tion with the discovery of two
9mm Ruger bullets in an Eight
Mile Rock residence.

Police found the bullets in a
bedroom in a house situated on
Golf Lane, South Bahamia at
around 6.15am on Friday, July
13 after executing a search war-
rant on the home.

The Grand Bahama branch
of the police force suspected
that the house contained dan-
gerous drugs, firearms, or both.

The woman, currently in cus-
tody at the Central Detective
Unit, is expected to be
arraigned in the Freeport Mag-
istrate’s Court this morning.

Man arrested.
after company
equipment

is stolen

A 27-YEAR-OLD man is in
police custody today in connec-
tion with the theft of $79,500
worth of equipment from the
Grand Bahama-based Bahamas
Shrimp Company.

The equipment — including
24 stainless steel pontoons, one
stainless steel water purification
system, one fibre glass dinghy
with a motor attached and a
quantity of electrical wire —
was reported missing from the
company’s premises at around .
3pm on Friday by company
manager Sophia Thompson.

She claimed that somebody,
or several people, had unlawful-
ly entered the shrimp farm, locat- ‘
ed at Queen’s Cove in the North ©
Airport Zone, during the previ-
ous week and taken the items.

Chief Supt Basil Rahming
said: “As a result, officers com-
menced an intensive investiga- .-
tion into the matter, which led
them to a business establish-
ment located cff Queen’s High-
way in the Commercial Zoné, -
where a number of the stolen.
items were recovered and a.
trailer impounded.

“An employee of the said
company was arrested in con-
nection with the matter and was
present when the trailer was
opened and unloaded at the -
police compound, where the
remainder of the stolen items
were discovered inside.”.

The 27-year-old Drake
Avenue resident is expected to
be formally charged in connec-
tion with the matter today.

oxh

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THE TRIBUNE

MONDAY, JULY 16, 2007, PAGE 3



© In brief —

19-year old
stabbed
standing
near home

A 19-YEAR-OLD man is in
hospital after sustaining several
stab wounds during an attack
on Saturday.

According to press liaison
officer Asst Supt Walter Evans,
the young man was standing
“not too far away” from his
home in Centreville at around
6pm when he was assaulted by
an unidentified male attacker.

The attacker was armed with
a knife and stabbed the 19-year-
old several times, Mr Evans
said.

The young man was taken to
Princess Margaret Hospital,
where he is currently being
treated for his injuries.

Armed men
rob resident
of Coconut

Grove.

POLICE are searching for
two men who robbed a resident
of Coconut Grove at gunpoint
on Friday night.

It is reported that the resi-
dent was, standing outside his
house at around 11pm when
two men approached him.

One of the men was armed
with a handgun, the other with a
knife.

They robbed their victim of
$350 in cash and his cellular
phone before fleeing on foot.

Investigations into the mat-
ter continue.

US lifts ban
partially on
mangos
from Haiti

@ HAITI
Botrale Prince

THE United States has par-
_ tially lifted a ban on mango
‘imports from Haiti that was
imposed after fruit fly larvae
was found in three shipments
sent to Florida, Haiti’s ambas-
sador to Washington said Fri-
day, according to Associated
Press.

US agriculture investigators
currently in the Caribbean
country inspected and certified
three of the nine treatment
plants designed to rid Haitian
mangos of pests, allowing them
to resume shipments immedi-
ately, Ambassador Raymond
Joseph told The Associated
Press.

Three other treatment facili-
ties will be inspected and should
be certified soon, while the
remaining three, the origin of
the affected shipments, will be
dealt with later, Joseph said
after days of high-level talks
between the countries. :

“We wanted to be able to
resume shipments as soon as
possible because the mango is
an important income earner for
the Haitian economy,” Joseph
said, adding that the first crates

of the fruit should leave Haiti:

next week.

US agriculture officials did-
n’t.immediately return calls
seeking comment.

US Animal Plant Health
Inspection Service spokes-
woman Melissa O’Dell said the
United States halted Haitian
mango imports after inspectors
in Florida found fruit fly larvae
in three shipments on June 25
and July 2.

Haiti earns between $20 mil-
lion and $40 million per year
for mango export and the US
is its main customer.

Share
your
news

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

for improvements in the
area or have won an
award.

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

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Christie: FNM focus on solving
crimes, not preventing them

B By ALISON LOWE
Tribune Staff Reporter

THE Ingraham administra-
tion’s focus appears to be “on
beefing up the tools to catch
the perpetrators of crimes
rather than on a sustained pre-
vention programme,” when it
comes to law enforcement,
said PLP leader Perry Christie
yesterday.

Addressing supporters dur-
ing a Sunday afternoon web
chat, Mr Christie was,asked to
explain the difference between
Urban Renewal and “Com-
munity Policing” — the ban-
ner applied to changes imple-
mented by the Royal Bahamas
Police Force since the new
government came to power,
seen by some as a “restructur-

ing” of the Urban Renewal.

Programme.

Yesterday, Mr Christie said
that community policing was
“but one element of Urban
Renewal”.

“Urban Renewal included a
significant number of pro-
grammes being co-ordinated
from within the community
itself and led by the police. The
primary focus of UR is on peo-
ple rather than buildings.

“The working task forces
comprised police officers,
social workers, environmen-
tal health officers and volun-
teers from the community,”
he said.

According to the former
prime minister, the involvement
of the police in “every aspect of
community development
(allowed them to) forge a pos-
itive relationship with the mem-
bers of those communities”. .

He accused government of
“a total lack of understanding
by the current administration
as to what Urban Renewal
really is”.

He added:
understand, their attempt to





; We Won't Be Undersold!

“Tf they do’

~ Roller Shades

dismantle it under the guise of
improving it is totally irre-
sponsible and uncaring."

The Urban Renewal Pro-
gramme, which has now
become something of a politi-
cal football, won international
awards and praise.

Under the FNM, it was
claimed that Urban Renewal
would continue, but not nec-
essarily in the same structure
as before.

» Minister of National Secu-

rity Tommy Turnquest had

stated that police must do
“police work”.

Some police officers were

removed from Urban Renew-
al centres around the island in
recent weeks as senior police
said the most effective means
of fighting crime was ensuring
constant police presence “on
the streets”.

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However, days after the
murder of David Rolle on the
steps of an empty Nassau Vil-
lage Urban Renewal centre —
at a time when there would
previously have been officers
occupying the building —
assistant commissioner Mar-
vin Dames stated that officers
were in fact on site at many
centres across New Providence
again.

Urban Renewal was previ-
ously touted as the “brain-
child” of Mr Christie, setting
out to tackle inner city prob-
lems such as crime and anti-
social behaviour with a com-
bined effort between police
and social workers.

However, controversy was
stoked two weeks ago when
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PAGE 4, MONDAY, JULY 16, 2007



The Tribune Limited

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

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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

Shirley Street, P.O. 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

PLP faces leadership decision

ADRIAN GIBSON in his column, “Young
Man’s View”, published in The Tribune on Fri-
day, discussed former prime minister Perry
Christie’s future as leader of the PLP.

There are those, including Mr Christie, who
believe that despite his party’s recent defeat at
the polls, Mr Christie should remain as its
leader. Others think he should resign to make
way for a more decisive leader. .

After listing Mr Christie’s acoomplishments
during his five year tenure as prime ministef, Mr
Gibson commented:

“With that said, as with most former leaders
of countries that suffer election defeats, Mr
Christie must begin grooming potential succes-
sors and should step down in the coming
months. In Canada, which is also a parliamen-
tary democracy that adheres to the statutes for
the Westminster system, when.the Liberal Par-
ty was ousted former Prime Minister Paul Mar-
tin not only relinquished his post as parliamen-
tary leader, but also resigned-as party leader.
Martin’s resignation came within two months of
his party’s defeat.” -

All this is true, but Mr Gibson did not have to
go as far afield as Canada for an example of

’ what is expected under the Westminster sys-
tem when a party leader fails to lead his party to
victory at the polls.

When the polls closed in 1987, announcing
that the FNM had lost once again to the goy-
erning PLP, FNM leader Kendal Isaacs

announced his resignation. He said he.was step-

ping down to make way for the more.forceful
figure of Cecil Wallace-Whitfield to lead the
party’s post election battle for the government.

The interesting point to note under the West-
minster tradition is that only a prime minister

who leads his party to defeat at the polls is_
expected to offer his resignation immediately. .. .

Not so an opposition leader. But in the inter-
est of his party and the country, Mr Isaacs (lat-
er Sir Kendal), although not obliged to do so,
decided to bow out to make way for a younger,
more dynamic man.

This was Sir Kendal’s second defeat as party
leader in a general election. The first defeat
was in 1982. On that occasion he picked up the
pieces and soldiered on until the 1987 election
when he gave up his leadership role, but
remained in the House as MP for Delaporte.

At the time Arthur Foulkes (now Sir Arthur),
who was then FNM spokesman, explained that
“Mr Isaacs felt that at this particular time, Mr
Whitfield: would be a better person to lead the
party.”

Today, Sir Arthur will tell you that the FNM
made tremendous strides under Sir Kendal in
both of those elections. For the first time, since



For the best deal in

the FNM’s internal split into two parties, Sir
Kendal led a once-again united party to gain 11
seats in the House.

“Tt was the first time,” said Sir Arthur, “that
we got a solid foothold in the House and we
were very pleased.” In the 1987 election, the
party won 16 seats. ‘

Sir Arthur said that the real reason for Sir
Kendal’s resignation was that he could not
understand after all the exposure of corruption
in the 1983/84 Commission of Inquiry into the
transshipment of drugs, accusations that went as
high as Cabinet level, that the Bahamian people
could possibly return the PLP government. In
1982 he had called for parliament “to be dis-
solved as soon as possible to save the country’s
image” and the integrity of its institutions. He
was referring to another scandal — the Manila
affair — for which the PLP:government was
forced to appoint a select committee to investi-
gate allegations of payoffs to Cabinet members
and civil servants.

Sir Kendal could not understand how
Bahamian voters would not reject such base
corruption. Instead of losing faith in the people,
he lost faith in his own leadership.

Sir Arthur said that the blame did not rest
with Sir Kendal, but with the corrupt 1987 elec-
tion. “We knew that the elections were cor-
rupt,” said Sir Arthur, “but it was not until the
elections were over that we learned the depth of
their crookedness.”

At the time the FNM said that it lost the

election because of massive. frauds, multiple:

voting and chain balloting.

“Mr Isaacs is a good leader,” said the late Sir
Cecil Wallace Whitfield on June 25, 1987, short-
ly after Sir Kendal’s resignation. “He did a good
job. It’s unfortunate that the elections were
cheated from underneath us. I don’t blame him
for the FNM loss. The loss is attributed to the
fraudulent manipulation of the system to pro-
duce a fraudulent result.” ;

As an Opposition leader, Sir Kendal did not
have to resign. However, he sincerely believed
that he owed his party.a second chance to mend
its fences, and gather its forces under a stronger

- leader. Sir Cecil did not live to see that victory.

It was left to Hubert Ingraham, once a leading
light in the Pindling cabinet, to lead the FNM to
its 1992 victory over a corrupt government that
had earned a “nation for sale” label for this

., country.

“Let the chips fall where they may,” said a
disillusioned Hubert Ingraham when the 1984

‘ Commission of Inquiry found so many in the

PLP government smeared with the drug scandal.
In 1992 the “chips” fell, chasing Pindling and his
colleagues from the seat of power.

~ convenience to any home.

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE



‘disastrous
pre-independence
weekend on Briland’

EDITOR, The Tribune.

ONE of the principles of life
embedded in my character since
I was a child by my wise old
grandmother, Vera Hanna was
simply this, “where ignorance
is a bliss, ’tis folly to be wise”.
This philosophical approach to
any crisis situation would be a
wonderful tool for those in
charge ‘of administering the
affairs of the Bahamas. All too
often, what is required is simply
a commonsense solution to
much of the nation’s problems.

The foundation of our
democracy is that the govern-

ment is a representation of the ,

wishes of the people and not
the other way around. This is
probably why President Abra-

_ ham Lincoln came up with that
famous saying, “a government
of the people, by the people and
for the people!” The govern-
ment by its very definition must
act in the best interest of the
people to ensure their well-
being. If there is a doubt, then
the citizen must be given the
benefit of the doubt, and that
doubt must be resolved, in
favour of the citizen. This is true
even with Criminal Law as any
ambiguity in the Law is resolved
in favour of the criminal. Failure
to do so could result in the rea-
sonable conclusion that those
promoting such interpretation
not in favour of the defendant is
guilty of violating the rights of
that individual.

This past weekend, Bahami-
ans from all walks of life pre-
pared to celebrate the 34th
anniversary of Independence.
For the sake of national unity,
everyone was encouraged to set
aside their petty differences and
to display a sense of unity and
patriotism on this historical
milestone. Every Bahamian was

expected to celebrate in their,

own special way. For many
Bahamians and tourists alike,
this meant spending the week-
end on that sweet little island
that we affectionately call “Bri-
land”. This is the island that
knows how to party and visitors
can enjoy themselves in a safe
and hospitable environment
where the locals have an inter-
national reputation for friendli-
ness. Furthermore, this is the
island with the best tourism
product in terms of repeat busi-
ness or visitor satisfaction, not
just in the Bahamas, but in the
entire region. And so they came
to ’Briland in droves. It seems
that anything floating or smok-
ing was a vehicle to get to this
Bahamian paradise. The two
major marinas were crowded
with pleasure crafts and it was
almost impossible to get a seat

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letters@tribunemedia.net

on a plane or the Bahamas Fast- -

ferry’s flagship, “the Bohengy”.
The hotels reported a healthy
booking. The venue was set for
what most expected to be a
wonderful weekend of celebra-
tions.

Regrettably, while persons
were planning their weekend of
fun and frolic in ’Briland, there
were those bureaucrats in Nas-
sau who were conspiring to ruin
the weekend on ’Briland.
Unknown to local authorities
in ’Briland, at the highest level
of the Police Force, plans were
being made to close down all
of the Bahamian owned liquor
establishments on ’Briland. This
malicious plan was to be exe-
cuted after Spm on Friday after-
noon, July 6, 2007. Should an
establishment be found in
breach of their licence, no mat-
ter how minor the infraction,
they would be closed down for
the entire weekend. As all Goy-
ernment offices would be closed
for the weekend, they would
have to wait until Monday, July
9, before they could remedy
their situation. This action of
acting as Judge, Jury and Pros-
ecutor is most unfair as it vio-
lates the Rules of Natural Jus-
tice. The punishment of busi-
ness loss for that weekend for
even a minor infraction of the
licence is most unjust as mer-
chants had invested a signifi-
cant amount of monies in stock
in anticipation of a busy week-
end.

The administration of this
injustice was swift and without
mercy. The historic Vic-hum
Club, JJ’s, Seagrape’s (home of
the musical group The ’Brilan-
ders) and Grant’s.Liquor Store
were all summarily closed.

No reasonable protest was
accepted by Assistant Commis-
sioner of Police James Carey,
the top Cop for the Out Islands
who led this operation. All the
proprietors involved in this
exercise felt that the Police were
rude and unprofessional while
in the execution of their duty.

It appears that the fact that
they were from Nassau, they
were there to flex their muscles.
One proprietor expressed that
these actions were extreme and
that any individual “living or
dead” would consider these
actions wrong! Even Gusty’s
who had all of their papers in
order were ordered to open
their club so that the license
could be examined. Strong
issues were taken with the fact










PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that |, ROSE
MARIE CASIMIR of the Central District of New
Providence intend to change my name to MARIE
ROSE CAZIMIR. If there are any objections to this
change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, RO.Box

N-742, Nassau, Bahamas no later than thirty (30)
days after the date of publication of this notice.

that only the local Club and Bar
owners were harassed by the
Police. Not a single foreign
owned Bar or Club was
approached for any possible
violation of their licence. This
insensitive action by the Police
has only served to further divide
the community. Rather than
trying to work together, it is
now them against us. None of
the proprietors denied that they
were in breach of their licence,
it was just something that they
didn’t get around to do. Also, it
was speculated that a certain
club was the target of this sting
because of their politics. How-
ever, this idea was soon dis-
missed as businesses across the
board representing both major -
political parties were interro-
gated.

The consequences of this out-
rageous action was simply a dis-
astrous pre-Independence
weekend in Harbour Island.
Some of the disappointed visi-
tors just simply packed up and
left as some of the reasons why
they were in ’Briland were
closed. Those bureaucrats in
Nassau should be mindful of the
fact that Harbour Island pays
more than its fair share to the
national Treasury. This contri-
bution helps to pay their
salaries.

Harbour Island has achieved
the number one status in the
region on its own, as the Min-
istry of Tourism did not have a
representative there until 1995.
The Central Government
should not interfere with its
progress. After all, isn’t that
why Local Government was
created? Furthermore, Harbour
Island provides employment for
many persons from the
Eleuthera mainiand. Any down-

. turn in business on Harbour

Island could have a ripple effect. —

Steps must be taken to ensure
that this undesirable situation
does not occur in future. A clear
understanding of the proce-
dures involved must be estab-
lished so that there are no sur-
prises. It is so ridiculous that
because someone didn’t pay a
$20 licence fee that their whole
business should be hijacked and
held hostage by authorities who
refuse to look at the bigger pic-
ture.

Local Government was intro-
duced to bring the administra- _
tion of the people’s affairs clos-
er to the people, yet the Local
Government was not consulted
on this move in Harbour Island
until after the fact.

DR LEATENDORE
PERCENTIE
“Briland”

July 10, 2007.



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THE TRIBUNE



0 In brief

Forecasters
say no La Nina
- but still
active season

@ MIAMI

THE US National Oceanic
and Atmospheric Administra-
tion has predicted that La Nina
—a cooling of Pacific Ocean
waters that generally brings a
more active Atlantic hurricane
season — will be absent for the
next two months, according to
Associated Press.

But the absence of La Nina
does not necessarily herald a
tame summer for tropical
storms and hurricanes, said
Dennis Feltgen, meteorologist
and spokesman for NOAA in
Miami.

“There are so many other
ingredients that contribute to
the development of tropical
cyclones, it’s not just the fact
that we don’t have a La Nina
that comes into play here,” Felt-
gen said.

Hurricane season 2005 was a
textbook example of this. La
Nina wasn’t around, but the sea-
son managed to break records,
with 28 named storms, including
15 hurricanes, seven of which
were major.

La Nina is the counterpart to
the better known El Nino, a
warming of Pacific waters near
the equator that creates a less
conducive environment for
tropical cyclones in thé Atlantic.
Both ocean conditions are hard
to predict long-term and don’t
follow regular patterns.

This year, forecasters have
predicted an above-average
hurricane séason, which runs
June 1 through November.
They believe there will be 13 to
17 named storms, with seven to
10 of them becoming hurri-
canes.

Bishops meet
with Cuban
government
on relations

a HAVANA

ROMAN Catholic conne '

and bishops from acros$ ‘Latin

America and top‘ Cuban offi-:

cials discussed how to improve
relations between the church
and the communist government
but avoided thorny topics such
as. human rights and free
speech, according to Associat-
ed Press.

The closed-door talks took
place during a four-day Latin
American Bishops Conference,
which brought about 70 bish-
ops from the region to Havana
and ended Friday. Conference
President Raymundo Damas-
ceno Assis, archbishop of the
Brazilian shrine city of Apare-
cida, said four cardinals and sey-
eral bishops met with Cuban
Vice President Carlos Lage and
other officials.

“It was the first dialogue, the

first of what we hope will be
many between the church and
the government,” Assis said at a
news conference Friday.

Bishop Emilio Aranguren, of
the Cuban province of Holguin,
said the meeting further
improved a relationship that is
“purifying itself of prejudices.”

He said Cuban officials
agreed to allow Catholic leaders
to provide religious instruction
to foreign youngsters who come
to the island as exchange stu-
dents. Both sides also discussed
the possibility of easing bans on
Catholic and other religious
schools.

Aranguren said the church
also asked the government to
allow its leaders to play a more
active role in prisons, not only
ministering to those behind bars
but also their families.

Share
your
news

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

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

TROPICAL
EXTERMINATORS
Basen
PHONE: 322-2157







HOWARD K Stern, who is
still residing in New Providence,
has reportedly been given leave
by the Supreme Court to sue
South Carolina developer G
Ben Thompson and his lawyer
Godfrey “Pro” Pinder for tres-
passing on the Eastern Road
property “Horizons” as well as
for contempt of court.

In an exclusive report
obtained from one of its corre-
spondents, Entertainment
Tonight claimed that Mr Stern —
long-time lawyer and partner
of the deceased Anna Nicole
Smith — has been given the
“sreenlight” to legally retaliate
against those who called him a
“squatter.”

According to Entertainment
Tonight Mr Stern can report-
edly now ask the courts to have

’ Mr Thompson and Mr Pinder

jailed for trespassing and for
violating injunctions which
banned them from entering the
“Horizons” property.

The battle for the $1-million
mansion began while Ms Smith
was still alive.

Former boyfriend and real
estate developer G Ben Thomp-

Leslie Miller alleges instances of
victimisation by FNM supporters

@ By ALISON LOWE
Tribune Staff Reporter

PLPs spoke out again over
the weekend about alleged
“victimisation” of those who
support the party at the hands
of FNMs since the Ingraham
administration took power.

Speaking on radio show
Parliament Street on Sunday,
former minister of trade and
industry Leslié Miller said that
he is concerned about the
“tear that has been ingrained
in the minds of the average
Bahamian since the 2007 elec-
tion”.

“People have been dis-
placed from (their jobs) since
May 2 — just arbitrarily sent
home — and, it bothers me,”
he said.

He said that he has spoken
with his colleagues about the
alleged partisan firings, and
claims that if the practice con-
tinues to occur, PLPs may
have to “march on Bay
Street” to send a message to
Mr Ingraham, the “great
whites as well as the coloureds
who are aligned with them,
that this country belongs to
Bahamians of all areas of life,
not just those who put up the

‘money to allow the FNM to

win”.

Former prime minister Per-
ry Christie also spoke about
victimisation on his weekly
web chat, stating in response
to a query from a supporter
as to why the PLP was not
“exposing publicly” examples
of PLPs allegedly being
wrongfully dismissed that his
party intends to speak about
the matter “in a public forum
very soon”.

“We find the new FNM gov-
ernment's behaviour, in this

-regard, to be extraordinarily
divisive and harmful to’ many Ob
‘Mf LESLIE Miller

families. We have spoken’ to”
a number of persons who have
been affected and they are
deeply concerned by the fact
that their future has been
plunged into deep uncertain-
ty,” he said.

Mr Miller said that Prime
Minister Ingraham and some
of his colleagues must get the
message that you cannot vic-
timise black people in this
country.

“Be very careful how you
try to displace the small man
in this country, because at the
end of the day they're going
to try to turn on you,” he said.

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| ee eyo VAS |

Stern ‘given leave to sue’
over Eastern Road home

son claimed that the property
was a loan to Ms Smith. He
claimed that he never received
the agreed payment for it.

Ms Smith, and later Mr Stern,
maintained that the home was a
gift from Mr Thompson.

The former Playboy Play-
mate’s signature is reportedly
on the deed to the house.

Lawsuit

Late last year, Ms Smith ini-
tiated a lawsuit against Mr
Thompson for a declaration
that she was the rightful owner
of “Horizons.”

Mr Thompson in turn sued
Ms Smith for title to the home
and attempted to, unsuccessful-
ly, have her evicted from the



premises.

However, Bahamian judges
issued injunctions banning any-
one from entering the property
until the lawsuit over the home-
’s ownership was settled.

The Supreme Court order,
given to Entertainment Tonight
by correspondent Art Harris,
cites Mr Thompson’s and Mr
Pinder’s “joint and individual
breaches” of those injunctions.

According to the order,

. signed June 19, Mr Stern can

apply for “an order of commit-
tal” or contempt, against Mr
Thompson and his lawyer Mr
Pinder on the grounds of heing
in breach of the rulings which
were given by the Bahamian
Supreme Court in November
of last year and in February this
year.

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PAGE 6, MONDAY, JULY 16, 2007

LOCAL NEWS

THE TRIBUNE



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. THE TRIBUNE MONDAY, JULY 16, 2007, PAGE 7
LOCAL NEWS



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PAGE 8, MONDAY, JULY 16, 2007

THE TRIBUNE



Has the United States gone bananas?

@ By Sir Ronald Sanders

(The writer is a business exec-
utive and former Caribbean
Diplomat)

Is a most remarkable
development following
closely on the heels of a meeting
in Washington between US
President George W Bush and
heads of government of
Caribbean Community (CARI-
COM) States, the United States
has taken an action at the

World Trade Organisation
(WTO) that will hurt the
economies of Caribbean banana
exporting countries.

The United States, which
does not export bananas, lodged
a complaint on June 29th to the
WTO against the banana
importing regime of the Euro-
pean Union (EU) saying that it
harms exports from Latin
American nations such as
Ecuador, Honduras, Panama
and Nicaragua.

On July 12th, the Dispute
Settlement Body of the WTO

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agreed to set up a panel to
examine the US complaint
against the EU banana regime.

Undoubtedly, the decision of
the Panel will go the route of
every other panel that has pro-
nounced on this issue since May
1997: it will instruct.the EU to
change its banana importing
regime to stop any advantage,
however miniscule, that
African, Caribbean and Pacific
(ACP) states enjoy.

This is because WTO rules
— made up largely by the
world’s richest nations espe-

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cially the US and the EU —
states in general terms that the
rules apply equally to all how-
ever large or small, rich or poor.
In this connection, the EU
banana importing regime would
be wrong to give any advantage,
however slight, to small and vul-
nerable countries.

he EU regime, which
has been battered since



Reading the
text of the US

complaint to the

WTO, it is quite
remarkable how
bereft of any

embarrassment —

the USTR’s

office can be.



1997 because of challenges at
the WTO led by the US, does
give a little advantage to small
Caribbean countries to supply a
miniscule amount of the EU’s
banana imports. And, this is the
point: it is a little advantage for
only a very small share of the
market. Equity and fairness
should dictate that a little
advantage in these circum-
stances is wholly acceptable.

In the process of these chal-
lenges, CARICOM banana
exporting countries saw the
industry decline,
exchange earnings decrease and
unemployment rise. The lives
of simple people were thrown
into confusion.

If this most recent request by

..the.US government fora WTO

Panel wasn’t so seriously harm-
ful to small Caribbean coun-
tries, it would be laughable.
Just imagine; the US appears
to be defending Nicaragua
against the CARICOM states.
Yet, it is the Nicaraguan gov-

ernment that has joined

Venezuela’s President Hugo
Chavez in denouncing the Bush
administration and in creating
the Bolivarian Alternative to
the US initiative for a Free



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Trade Area of the Americas.
The reality, however, is that it

"is not any of the Latin Ameri-

can nations named in the com-
plaint that the US is trying to
protect; it is US multinational
companies such as Chiquita that
have large banana plantations
in these countries.

| was these multination-
als who were behind the
first US complaint to the WTO
back in 1995.

Election campaign contribu-
tors to both the Republican and
Democratic parties, the multi-
nationals called in their chips
with former US President Bill
Clinton whose Democratic Par-
ty administration lodged the
first complaint that began the
crippling of the banana industry
in CARICOM states. They fol-
lowed up with the Republican
Party administration of George
W Bush.

The insatiability of these
multinationals is astounding.

Latin American banana
exports to the EU — largely
from the plantations controlled
by Chiquita, Dole and Del
Monte — already have four-
fifths of the market. The
remaining paltry one-fifth is
shared between the ACP coun-
tries.

How much more can they
possibly earn from another one-
fifth of the market,:and have
they no care for the small farm-
ers in the ACP markets,who
barely eke out a living from
their hard toil?

And what about the US

itself? Could the US Trade

Representative’s office not seek
to persuade the US multina-
tionals not to wound small
farmers in the ACP more than
the thousand cuts they have
already been dealt and from
which they are steadily bleed-
ing?
The answer is self-evident.

R exin the text of the
US complaint to the
WTO, it is quite remarkable
how bereft of any embarrass-
ment the USTR’s office can be.

Having refused itself to com-
ply with a WTO Panel ruling
that found against the US and
in favour of the small Caribbean

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_try has gone “bananas”,

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@ SIR Ronald Sanders

island, Antigua and Barbuda,
over internet gaming, the
USTR’s office boldly states in
its complaint against the EU
banana regime that: “The EC
failed to bring its import regime
for bananas into compliance
with its WTO obligations by the
end of the reasonable period of
time.” It seems that rules can
be conveniently invoked and
even more conveniently
ignored.

In all of this the ACP States
and the poor farmers who are
affected by the process are
bystanders. On the face of it,
they are not the party about



African,
Caribbean and
Pacific countries
and their
small banana
farmers would
be justified in
feeling let down
by the US.



whom the complaint is being
made. The matter is between
the US and the EU — neither
of whom will lose anything —
and the ACP has no standing

_in the matter except as its vic-

tims.

African, Caribbean and Pacif-
ic countries and their small
banana farmers would be justi-
fied in feeling let down by the
US. If there ever was a moral
case for claiming that a coun-
this
surely must be it.

Responses to: ronald-
sanders29@hormail.com

TOYOTA RAV 4

LA



yaarwd IHSIaNsLiw












n4ung
Tae 8.8. F.e 7 >
Ste ree es ’

“ew

a







THE TRIBUNE MONDAY, JULY 16, 2007, PAGE 9



Artists stepping up to
express

themselves



M@ MARION Dussie, a college student with Bahamian ancestry, from Opa Locka, Florida, shares a
poem written by her Bahamian aunt during the latest session of "Express Yourself," on July 4,
2007. The event, held at."Da Island Club" in the Nassau Beach Hotel, is an open mic forum for
poets, musicians and performance artists to share their work. The next session will take place
Wednesday, July 18, 2007, at 8pm.

@ AUDIENCE members listen to poets and singers

@ SONIA Farmer reading one of her long-form poems
(Photos: Eric Rose)

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meee) §=Bike and Car show
gives back to charity

} THE Redliners Bike and
‘ Sunshine Auto Annual Bike
A tt and Car Show was held over
the weekend.

Asylum Sounds and Akenah
Modeling Agency teamed up
with Redliners Bike Club for
their first ever annual event,
dubbed “The Two Hottest Days
Of Summer”, featuring models
from Akenah Modeling Agency
at a bikini pool party on the sec-
ond day.

The first day’s events were
held at R M Bailey Park, and
there were prizes and surprises
for those at the event.

Those with the best street
bike, best trail\motard, four-
wheeler cruiser and even the
best bicycle and pocket bike
also received a prize.

According to Vado Culmer,
president of Redliners: “Our
aim is to promote community
awareness, safety and a positive
outlook towards the motorcy-
clists. Motorcyclists in the past
have received a bad rap and
Redliners are trying their
endeavour best to counteract
that, by encouraging riders to
ride safely, reduce speed and
wear helmets. Over the past
three years the event has
become quite successful and I
‘thank both the sponsors and the
patrons for that.”

Part of the proceeds from the
Bikini Biker Pool Party will be
donated to the Children's
Emergency Hostel.

Asylum Sounds. CEO Alton
Mckenzie said: “I am pleased
to finally being able to see my
dreams come true which is to
donate some of the proceeds of
the party to a worthy charity
and to encourage other
Bahamian promoters to do the
same.”

This year, City Markets came
on board and will also be donat-
ing to the hostel, as will the
Back Yard, Boyz, who enter-

tained the huge audience last
Super Outboard TCW Iil year on R M Bailey Park by

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Baltirnore.................Nnow $378.00 RIT
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IT’S MORE THAN JUST OIL. al If so, call us on 322-1986

IT’S LIQUID ENGINEERING! Dowdeswell Street + Tel: 322-2434, 322-2082 and share your story.

| : 3 funds for a
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THE TRIBUNE MONDAY, JULY 16, 2007, PAGE 11

Police hold annual reception

for Independence cele br itions





smart is Luxury

2007 FORD FUSION





SR



@ GEORGE Mosko, the largest contributor to the cost of contructing the new police conference
centre at the police headquarters on East Street, talks with Governor General Arthur Hanna and
Commissioner Paul Farquharson

2007 Ford “FUSION”
Get Noticed fast.
2.0L 4 cylinder, automatic, leather
interior, full power, 17° alloy wheels,
keyless entry. +












Available at

= FRIENDLY MOTORS CO. LTD

THOMPSON BOULEVARD « TEL.: 356-7100 * FAX: 328-6094
EMAIL: friendlymotors@hotmail.com * WEBSITE: friendlymotorsbatiamas.com’ ©“ * ”

‘HE CHIEF Superintendent
Hendrick Nairn receives a
silver salver commemmorating
his years of service to the.
police from Governor General
Arthur Hanna. Mr Hendrick
used to head the SIB in Grand
’ Bahania.




B FORMER Chief
Superintendent Ivan Taylor,
Commissioner Paul
Farquharson and former
deputy superintendent of
Police Alfred Williams at
the annual police reception
following Indepedence Day at
the police conference centre.
Mr Taylor brought down the
British flag and Mr Wiliiams
raised ithe Bahamian flag.

(Photos: Franklyn G
Ferguson)



BEC wishes to inform the residents of
Eleuthera. and Harbour Island
that ithe Corporation is experiencing

7 “generatit n problems.



DELICIOUS
STEAKS» QS

IND Ep
SEAFOOD, “a
SERVED NIGHTLY.

Presently, BEC is working around the clock to
‘correct the problem and restore an uninterrupted
power supply to the entire area.

IF any in terruption in dh electrical supply should
become necessary, BEC customers can listen to
Splash FM and ZNS 1540 AM for details regarding the
various. Settlements in Eleuthera & farbour Island.



To assist BEC in better areske the problem, you
may call this special number (242) 334-2161 or
email BEC at rocksound@bahamasel electricity. .com
STEAHS MORE TENDER THAN A WAAM CARES Seafood as fresh as
BEC wishes to assure all the resident § ‘Of E. Eleuthera
and Harbour !sland that the Corpération is is working

4¢*

diligently to rectify the situatibn. ee
ae *
BEC regrets any inconvenience caused to its cus-
tomers and wants to thank them for their continued
patience and support.

you'd expect from a restaurant on the ocean. And the perfect wine for every meal

Black Angus Grille indulges the most ravenous appetites |


PAGE 12, MONDAY, JULY 16, 2007



THE TRIBUNE -«;

+



Shae

hand-scooped frozen yogurt

FROM page one

15.5 per cent to $334.5 million
during the first three months of
2007.

Increased wages and salaries
were cited by the Central Bank
as one of the driving forces
behind this.

And capital spending
increased by 15.4 per cent to
$36.1 million during the 2007
first quarter, due to more spend-
ing on infrastructure projects.

The Central Bank said that at
March 31, the Bahamian gov-
ernment’s direct debt stood at
$2.423 billion, having risen by
1.7 per cent during the 2007 first

quarter, as “elevated levels of °

recurrent and capital expendi-
tures completely offset” revenue
rises.

But due to all the borrowing
that central government has had
to guarantee on behalf of vari-
ous public corporations and

FROM page one

time prior to Friday's media report. Asked if he
could estimate how many people are being pre-
scribed the drug in this country, Mr Lowe said-he
could not say for sure, but noted that it is an

expénsive drug choice.

He said he did not believe that a "majority" of
Bahamian diabetes sufferers are currently tak- -

ing Avandia.

The national debt

agencies, the National Debt rose
by 1.1 per cent during the 2007
first quarter to stand at $2.914
billion — just shy of $3 billion.

And this was despite a 1.5 per
cent decline in the level of pub-
lic sector debt guaranteed by
the Government during the 2007
first quarter, indicating that no
progress has yet been made on
reining in the national debt, per-
sistent fiscal deficits and gov-
ernment spending.

The Central Bank added that
the Bahamian economy’s
growth “moderated somewhat
during the first quarter”, with
the construction industry and
foreign direct investment pro-
jects picking up the slack from
reduced tourism arrivals and a
slowdown in Bahamian con-
sumer spending.

Higher commodity prices also

impacted inflation, while the
slowdown in credit growth
boosted deposits and liquidity
in the commercial banking SYS;°
tem. : ,

Construction industry growth

,

also slowed down during the
2007 first quarter, as the number _

*
*

*" *
as
cod

1

be

and value of new building and’ °

repair projects fell by 47.8 per
cent and 49.2 per cent respec-
tively.

Total mortgage disbursements, :

declined by 8.3 per cent;
to $133.8 million, due to com-

mercial weaknesses overshad- .

yh!

owing residential mortgage bor-. ~ -

rowing.

As a result, growth in total’

mortgage lending fell by 4.7 per’

cent to 13.5 per cent to leave’ *
the total value of outstanding’ °

ole

Ulf

mortgages standing at $2.564 bile *’’

lion at March 31.

1

Physicians

126.

five heart attacks were reported by those on thé!”
drug in the 35 days before the study, 90 were p Ry
reported in the same period after. Meanwhile, |;
heart related hospitalisations went from 11 to,

While some have suggested that the sudden’,
increase in reports to the federal regulator may be,

ya

|

'
BK

mY

due to doctors not being aware previously that =
their patient's heart problems could be related to.
Avandia, drug administration and company,, 3
spokespeople have suggested the spike could be, ie
due to a "publicity effect." st
"This is a very well-known phenomenon," said |
a Glaxo Smith Kline representative, according a ei
to The Miami Herald. "It's good that there's ,
awareness of the reporting system, but drawing,
conclusions on such data is inappropriate." fe
For now, Avandia remains on the market and. .
patients are being advised to talk to their doctors,
14% less sodium and not immediately halt use.
27% fewer carbohydrates Messages left for Minister of Health Dr Hubert |, ‘
38% less sugars Minnis on Friday were not returned. wee

3 grams of protein : .
FROM page one award of $15,000 to each respon:

‘dent for a breach of their consti-. ”

Have you considered trying our yogurt vs. ice cream?
Consider the facts below and choose what's best for YOU!

TCBY hand-scooped yogurt

However, Avandia is used to control the blood
sugar levels of more than 2 million people world-
wide struggling with Type 2 diabetes, according to
press reports. Type 2 diabetes is commonly linked
to obesity, which already causes people to be at a
higher risk of heart attacks.

The data indicating a "spike" in the reports of
heart problems in the 35 days following the pub-
lication of an analysis of the drug in the New
England Journal of Medicine on May 21 was
retrieved by The Associated Press through a
Freedom of Information Act request to the fed-
eral Food and Drug Administmtion.

According to The Miami Herald, while only

54% fewer calories

79% fewer calories from fat
78% less total fat

80% fewer saturated fats

O grams of trans fat

77% \ess cholesterol

Calories from fat
Total fat g
Saturated fat g
Trans fat g
Cholesterol mg
Sodium mg
Carbohydrates g
Sugars g

Protein g

Comparison based on 4 oz serving of our Vanilla Bean 96% fat free yogurt (120 cals) vs 4 oz serving

Beas

}

of vanilla ice cream of the leading brand (260 cals).

Great on the taste and less on the waist!

Village and Carmichael Roads



awarded is too low or excessive.

In this case, while Supreme
Court Justice Jeanne Thompson
ruled that Atlantic Ocean View
Limited — owner of the Mer-

Court of Appeal

rent as they would have had to if
they had "lawfully used and
detained" them.

"It was this allegation....that

provided the premise...for the,

tutional might, explaining that only”
in "exceptional cases should theré" ‘

r
Nii

ri

be resort to claims based oni;
alleged violations of the funda- i"

mental rights provisions of the.)

constitution where parallel claims

ri

cedes and Lexus vehicles — be sae exist" so as not to devalue the “}
awarded $45,625 for the Mer- submissions that the respondents currency of constitutional pros, 5
cedes and $54,750 for the Lexus, Were entitled to damages based rections. ‘
based on daily rental values, and 00 the rate of hire each of such In this case, such exceptional ;
Cadillac owners Little Savannah _ Vehicles would fetch if they were circumstances did not exist, he ;
Enter to in Estates and Farms Limited, Tented or ee ; mee iq Said. /

He $93,075, based on daily rental val- eel ae ohn ne sh The vehicles were said to have
nies, in addition to $15,000 each R ~ been seized by DEU agents at 4
‘Toft 3 RIZR £3 68 ell for breach of constitutional right, dence." that the vehicleshad been the time of Knowles' December
4 hones with fustie Longley questioned how cece By Ui DEU or Attorney 5997 arrest at his home in *
ii a won the Supreme Court judge had iach feceeee they Were“ Bjeuthera on a warrant issued 1 «
gas 8 : et ae arrived at these awards. Sas van under the Extradition Act, after 4
nurchase oi aly 3 According to Justice Longley, He aCe The oats pe they were found on the premises!" }
PaG products cue orn wo compan, Ponce tat anova Tyre hed ntl June
CRUE Gee Me a Es8 had based the amount claimed ae cake tale Be Cone ae Ea 2003, when lawyers acting forthe _ +
Promotion ents and the Atiomey Generals office its own facts. Several factors Sony against the DEU and” !
had used the vehicles while they which coe pager the Attorney General's office for;,7 ‘
were in their possession, "thereby panied By the ie amed hides "unlawful detention of the yehi- ~ }

gaining some benefit" from the
cars without having had to pay.

In addition; he overruled the *

Sandals Royal Bahamian Resort @ Offshore Island.

Invites applications for the positions of:

SPA DIRECTOR

cles" and ' ‘exemplary and Testicrwe«.

tutionary damages."

Two dead

FROM page one

tained injuries. However, they
were treated at the hospital and
have since been discharged.

The weekend’s second traffic
fatality occurred yesterday after-
noon at around 2.30pm:in
Nicholls Town, Andros.

Chief Supt Glen Miller told |

‘The Tribune yesterday that the’.

victim was driving on Queen’s **»
Highway when he lost control of,” ,.*

his Ford Taurus, which crashed?'s

* 2

The driver, believed to a Hait=, » -
ian national, sustained severee*«
injuries in the crash. rete?

“He died on the scene and was * +=
pronounced dead by a doctor,”., my
Chief Supt Miller said.

Police on Saturday were also”, .

Applicant must have at least four years experience as the Director of a

Five star Spa must be able to train and motivate team members, good
track record in Managing people be able to establish and maintain
high standards. Formal qualifications and computer skills desirable,









be able to work flexible hours.



called to the scene of a two- ~Cat,

collision on East Street South in.“

New Providence, which left two’

1 people injured. , !
ENTERTAINMENT ; It is reported that at around *
Applicant must have worked as a Director for at least five years 6.30pm, a white, 1998-model Toy- *_'s
al; Ree y ota Camry and a red, 2000-modél * ..*
Strong organizational leadership skills must be able to work long $10 Chevrolet truck collided «’
. ene while travelling in opposite direc> . *
hours must have excellent communication skill Tons BH ask Gieer South tine?
Sapodilla Boulevard.
pei cis e Dottie ys Bee) The pick-up truck hit a guard
Fax or email résumé’s with proof of qualifications and experience to rail following the collision and
cmajor@stb.sandals.com Fax 327-6961. oe ara: The driver and hi
Pee . ; ’ ipeg . 7 woman passenger were injure
al Sig paged say bit se Sed esa ate Closing date J uly 20, 2007 in the accident and taken to hos-
Empioyees of Lowe's Wholesale, Lowe's Pharmacy and thei : pital, where they are still under-
inmediate fanily are not ellgibie for entry. Prax Bhar iweb going treatment.
( ONSUMER CONSUMERS NEED TO KNOW... .
ee What are some of the objectives of the Telecommunications Act? |
” To improve the quality and coverage of telecommun-
ications services
. To protect the interest of consumers with respect to oo
prices charged for telecommunications services ere!
. To promote effective and sustainable competition in walt








Public Utilities Commission

telecommunication services in The Bahamas

You may contact the PUC Consumer Helpline “

322-7157, Family Island toll free line 1-242-300-0233 or visit our
office at Fourth Terrace East, Collins Avenue, Nassau for more infor-
mation. Also visit cur website www.pucbahamas.gov.bs


THE TRIBUNE



i a oo
Indian High Commissioner
visits Education Ministry

H DIRECTOR of Education
Lionel Sands, Kailash Lal
Agrawal, the High Commis-
‘sioner of the Republic of
India, and permanent secre-
tary Sherylee Smith

COURTESY CALL — On
Wednesday Kailash Lal Agraw-
al, the High Commissioner of
the Republic of India, paid a
courtesy call on Education Min-
ister Carl Bethel, who in his
absence was represented by act-
ing Permanent Secretary, Ms
Sherylee Smith and Director of

Education, Mr Lionel Sands.

Mr Agrawal told them that his
country was interested in fos-
tering a more meaningful rela-
tionship with the Bahamas in
the field of education. Distance
education and training were cit-
ed as potential areas for coop-
eration. Mr Agrawal said that
India has training in the areas of
Mathematics, Science, Techni-
cal and Vocational studies and
Information Technology from
which he thinks the Bahamas
could benefit. He said that oth-
er government ministries have

already benefited from the

learning opportunities present-
ed, biit he would like to open up
thesé opportunities to more
Bahamians for greater interac-
tion between India and the
Bahamas.

Mr Sands told the High
Commissioner that there are
already some Indian educators
in thé Bahamas’ public educa-
tion system who have adjusted
well and are doing commend-
able jobs in their various subject
areas.

Ms Smith, Acting Permanent
Secretary, thanked Mr Agrawal
for his interest in partnering
with.the Ministry of Education,
Youth, Sports and Culture to
promote education and assured
him that his proposal would be
looked at very seriously.

Share
‘your
news

The Tribune wants to’hear
from people who are
making news in their
neighbourhoods. Call us.
on,322-1986 and share
your story.

“Hilton alah Nu |

Contact

Dr. Ade Thompson. M.D; B.D.







MONDAY, JULY 16, 2007, PAGE 13












































ALLS
Re

we have spent $164,000

to purchased 8 new Dialysis Machines
for the PMH Dialysis Unit.



ROYAL BANK OF CANADA TRUST COMPANY
(BAHAMAS) LIMITED
is considering applications for

Senior Relationship Manager,
_ Global Private Banking

The successful candidates should possess the
following qualifications:

¢ University degree in business or finance (or
equivalent)
e Must hold a diploma from the Canadian
' Securities Institute or Series 7, or equivalent,
C.PH. would be an asset
¢ Strong investments knowledge and experiences
working in a securities environment would be a

key asset
¢ At least five years experience in a private client
relationship management role '

¢ Demonstrated sales success and self-motivated
individual confident to work in a variable
compensation environment
Computer literate
Fluency in French and Spanish is a requirement
¢ Strong communication skills in English, French,
and Spanish
¢ Willing to work long hours to accommodate
clients located in different time zones
Trust knowledge is an asset















Please apply before July 21, 2007 to:
The Manager, Global Private Banking
Royal Bank of Canada Trust Company
(Bahamas) Limited
P.O. Box N-3024
aay NP, Bahamas |






From | to r: Todd Anderson, Vice President - Renal Dynamics; Sister Christine
Fernander, Nursing Officer - PMH; Christopher Davenport, Director of Sales &.
Services - Renal Dynamics; Mark Roberts, Tile King/FYP.

7

$342 015.26



Via fax: (242) 327-7382
“Via email: carla.jackson@rbc. com ©




www.rbcroyalbank.com/caribbean/bahamas

RBC
Royal Bank
RBC) of Canada

d trade-mark of Royal Bank of Canada
PAC uC Ger eeu a CCCs



‘Tel 242-322-4281 (day)

* *

742-324-2141



' doctoredaficoralwave.com
www. gatheringottheeagles.com







Dis atten
Perc eeeths

Metre ay

faoatite met ct emer emai tas

fly elas ELE)

YOU MADE ALL THE DIFFERENCE, THANK YOU
PAGE 14, MONDAY, JULY 16, 2007

es

THE TRIBUNE





Realtor attends luxury h

FREEPORT - Lanelle
Phillips of Lanelle Phillips Real
Estate recently completed a lux-
ury home marketing training
course offered by the institute
for Luxury Marketing.

The course, Certified Luxury
Home Marketing Specialist,
which covered such topics as
demographics of the affluent,
lifestyle segmentation, trends
and amenities in today’s luxury
home product, and creating a

marketing plan for the multi-
million dollar property and was
taught by Laurie Moore-Moore,
President of the Dallas-based
Institute and author of the
book, “Rich Buyer, Rich Seller!
The Real Estate Agents’ Guide
to Marketing Luxury Homes.”

“The course is a step towards
earning the prestigious Certi-
fied Luxury Home Marketing

Specialist designation which :
The Institute awards interna-.

BACK-TO-SCHOOL

| At Clarks & The Shoe Village!

est lasting Shoes for the

school year...

Buide 4

an't beat their selection
anywhere!

j on't leave it to the last minute...
Come in today for best selection! |

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tionally to sales professionals
who meet performance stan-
dards in the upper-tier residen-
tial market,” said Moore-
Moore. “Lanelle Phillips is an
example of a sales associate
who works to hone the special
skills and competencies neces-
sary to provide exceptional ser-
vice in the fine homes and
estates marketplace.”

of things we
think, say or do

1. Is it the TRUTH?

2.|s it FAIR to all
concerned?

3. Will it build
GOODWILL and
BETTER
FRIENDSHIPS?

4. Will it be
BENEFICIAL to
all concerned?

www. rotary.org

Ms Phillips is an award-win-
ning sales associate who has
been in real estate since 1998
and specializes in the Grand
Bahama and Out Island mar-
kets. Ms Phillips, who opened
her own real estate company
this year, was formerly with
Harry Dann and Co. and suc-
cessfully launched the well-
respected H.G. Christie Real
Estate Company in Grand
Bahama where she was District
Manager and eventually was
promoted to Regional Manager.

“The training provided new
insight about the upper tier
market, helped me polish my
skills, and provided valuable
networking contacts with oth-
er agents across the country that
specialize in luxury properties,”
she said. “In addition, I discov-
ered new and creative tools for
promoting expensive homes
and estates and new resources
for finding buyer prospects.
Home buyers and sellers will
benefit from my new knowl-
edge.”

Phillips says she is also com-
mitted to continuing the edu-
cation of all her agents, consul-
tants and apprentices. “This is

‘ the first of a series of courses I

am taking; my staff will also be
working to improve their own
resources and education in the
real estate market.”



ome course

@ LANELLE Phillips, President of Lanelle Phillips Real Estate,
recently completed her certificatiomin Luxury Home

Marketing. Ms Phillips, who recently opened her own agency. in
Grand Bahama, has more than nine years in real estate and is:
working to earn her specialist degree in marketing multi-million
dollar homes throughout the Bahamas. i

Specials Good July 12th to 17th

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THE TRIBUNE

MUinwAi, wori iv, 2007, PAGE 15



~ show to address ‘ugly rumour’

“= ON MAY 2, Tommy Hil-
ifiper appeared for the very
first time on the Oprah Win-

‘ frey show to address an “ugly

_ Tumour” about racial com-

«ments he is alleged to have

“made on her show, which has
“been circulating on the Inter-
Met.

“Oprah personally invited
° “Mr Hilfiger to appear on her
«show to squash the rumour,
sefepeatedly proclaiming,

*SThat is the category of what
“tr call a BFL — a big fat lie.

t) never happened.”

«The facts remain simple
and indisputable: Prior to
“May 2, 2007, Tommy Hilfiger
‘shad never appeared on The
“Oprah Winfrey Show and
| never made any racially
inflammatory statements in
any context.

’ Ms. Winfrey debunked the
rumour as early as January
‘11, 1999 when on air she stat-
ed: "Tommy Hilfiger has nev-
er appeared on this show...
all of (the) people who claim
that they saw it, they heard
it — it never happened. I ney-
€r even met Tommy Hil-
figer.” Yet, in the pattern of a
Classic urban myth, the
rumour continued to circu-
late. After the rumour was
‘Srought to Oprah’s attention

gain, she invited Tommy

ilfiger for his first-ever
mppearance on her show.

, During the May 2, 2007

interview, Tommy Hilfiger
talked about how he enlisted
the help of outside experts to

'try to trace the source of this
‘€1roneous rumour. As for the
impact of this rumour on his
life over the years, Hilfiger
‘said, “It hurt my integrity

because at the end of the day, »

that's all you have. And if
people are going to challenge
my honesty and my integrity
and what I am as a person, it
hurts more than anything
else...It has really hurt BY
heart.”

To coincide with the airing
of the segment Tommy Hil-
figer has released the follow-
ing statement:

“Words can be fleeting, but
actions withstand the test of
time,” he said. “Friends, fam-
ily, and business colleagues
who know me, who see the
way I live and conduct busi-
ness, know that the rumour
is complete nonsense. This
show will finally extinguish
the rumour once and for all.”

When Elizabeth Christen-
Covington, the local franchise
holder for Tommy Hilfiger in
the Bahamas, was asked
about the effects the rumour
had had on the brand in the
Bahamas, she responded, “It
has definitely had an effect,
but at the same time, we are
very grateful to Bahamians
because it seems that most
people didn’t listen to the
gossip and continued to love
and support the brand mak-
ing it one of the strongest
brands in the country. A
great many Bahamians prob-
ably heard the rumour from a
friend or read the rumour on
the internet or via e-mail, but
didn’t -believe it, because it
was only ever a rumour
passed over the internet and
via e-mail and there was nev-
er any proof.”

When asked if Oprah Win-
frey and Tommy Hilfiger
appearing together would

LOCAL NEWS

Tommy Hilfiger appears on Oprah



@ FASHION Designer Tommy Hilfiger backstage during The
Tommy Hilfiger Fall 2007 Collection, in New York in February.
Hilfiger appeared on the Oprah Winfrey show for the first time on
May 2.

finally squash the rumour, she
responded, “We really hope

"so. It is very unfortunate that

this talented designer and
these great clothes and acces-
sories were tarnished by a
rumour that was never true.
When Oprah Winfrey heard
that the rumour had persisted

_ irvine celebrates Independence anniversary



| INTERNATIONAL airline carrier HA inerichn Eagle coloured the Bahamas’ 34th idgesnieuss

‘anniversary i in true Bahamian style. The airline adorned their workstations in the nations colours of

‘black, gold and aquamarine, while staff members wore 34th anniversary attire. Local and visiting pas-
Ԥengers were able to enjoy some favourite Bahamian treats like Junkanoc Punch pode, candies and

Messerts prior to departure.



(AP Photo/Jennifer Graylock).

for almost 10 years,.she
decided to invite him on the
show and try to squash it
once and for all. We were
obviously very happy to hear
that she took this step. We
are also delighted to let peo-
ple know that Tommy Hil-
figer, along with Quincy

YOUR CONNECTION:

TENDER
RESEARCH COMPANY —



m OPRAH Winfrey personally invited Mr ee on to her

show.

Jones and Russell Simmons,
among others, are. co-chair-
ing The Dream Concert,
which will benefit the build-
ing of the memorial for Dr.
Martin Luther King Jr. on the
National Mall in Washington,
DC?

“We are very appreciative
to the Bahamian public for
their good faith and support

(AP Photo)

over the 15 years that we

have been in business,” she
said.. _

“We will continue to pro-
vide great looking, high qual-
ity clothing, shoes and acces-
sories for the entire family
and hope that the Bahamian
public continues to love and
support Tommy Hilfiger.
Thank you.” -

TO THE WORLD

‘The Bahamas Telecommunications Company Ltd. (BTC) is
pleased to invite Tenders to provide the BTC with Market
Research Assistance. Research Assistance includes; local market
scope, field work and research information on the Bahamas
Telecommunications Industry.

Interested companies/firms may collect a Tender Specification
from the Security Desk located in the Administrative Building,
BTC John F. Kennedy Drive, between the hours of 9:00am and
4:00pm Monday through Friday.

The deadline for submission to tenders is on or before Friday
July 27th, 2007 at 5pmy Tenders should be sealed and marked
“TENDER FOR RESEARCH COMPANY” and should be
delivered to the attention of Vice President of Marketing, Sales
& Business Development, Mr. Marlon Johnson.

BTC reserves the right to reject any, or all Tenders.

buted by Lowe's Wholesalé

393-7111



» Fax: 393-

‘onpvabitin bhsicnal

ic INSECTS

ithe gps

Ce

SC

die


PAGE 16, MONDAY, JULY 16, 2007

THE TRIBUNE



CARIBBEAN NEWS



Critics lobby for
cockfighting ban
in Puerto Rico

@ PUERTO RICO
Isia Verde

WITH cockfighting about to
lose its last bastion in the Unit-
ed States, animal rights activists
are training their sights on Puer-
to Rico, a US territory where
the blood sport is both beloved
tradition and big business,
according to Associated Press.

Cockfighting is illegal in 49
states, and the governor of
Louisiana — the pastime’s last
US refuge — signed.a law Thurs-
day that will make it a crime to
fight birds beginning August
2008. New Mexico banned the
sport on June 15.

But Puerto Rico shows no
signs of following suit any time
soon:. Cockfighting is so
entrenched that the territory’s
legislature recently approved a
bill establishing it as a “cultural
right” of islanders.

"There are many people who
enjoy this sport and we are not

‘introduced the bill.

going to allow any group of peo-
ple to come here and prevent
that right,” said Carlos Molina, a
pro-statehood lawmaker who
“The sport
does no damage to anyone,”

On Saturday at Club Gallisti-
co, a cockfighting arena outside
San Juan, the shouts of bettors
rose with each frenzied lunge
of two sinewy roosters pecking
and kicking at each other with
curved plastic spurs until one
was bloodied and near death.

“Cockfighting is a strong part
of the culture of Puerto Rico.
People are very emotional
about it,” said Maximo Cerame,
a breeder of gamecocks with
prized bloodlines, as he weighed
a wager on a rust-colored roost-
er during Saturday’s parade of
bird bouts.

The Isla Verde arena is one
of 103 licensed cockfighting pits
in the US Caribbean territory
where the pastime is so wide-
spread that devotees say they

feel no threat from animal rights
activists.

But they could soon feel pres-
sure from organisations such as
the People for the Ethical
Treatment of Animals, which
considers cockfighting barbaric.

4 The cruel blood sport (is)
illegal in every US state. and
now it is time for Puerto Rico to
follow suit,” PETA spokes-
woman Heather Carlson said in
an e-mail.

Wayne Pacelle, chief of the
Humane Society of the United
States, said the group plans to
closely monitor the island’s
industry to ensure cockfighters
are not violating a new federal
law that makes the transport of
fighting birds ‘or cockfighting
implements abroad or across
state lines a felony. US Presi-
dent George W Bush signed the
bill into law in May.

“We do plan to mount a cam-
paign to appeal to the many
Puerto Ricans who agree with



@ PUERTO Rican breeder Rene Rodriguez holds a fighting bird up to its sparring partner, during:
a training session, at his farm in Aibonito, central Puerto Rico or:

our perspective that this. prac-

tice constitutes needless cruel-

ty,” Pacelle said by phone.
Puerto Rican aficionados,

however, say activists and US.

politicians cannot erase a tra-
dition dating from Spain’s colo-
nization of the Caribbean island
more than five centuries ago.
Even islanders who avoid
cockfights often ruffle at main-
landers casting judgment on
what many consider the nation-

-al sport of the island, where ~

symbols of separateness from
the United States, such as the
Puerto Rican flag and Olympic

team, are widely treasured.

There are also major eco-
nomic considerations.

Puerto Rico’s cockfighting
industry employs about 50,000
people “in a direct or indirect
manner” and some 1.25 million
fans buy tickets each year to
crowd licensed cockpits, according
to the island’s Sports and Recre-
ation Department. More people
pay to see cockfights in the island
than pay to see baseball games.

With an estimated 100,000
fights each year generating
nearly US$400 million in ticket

sales, some proponents argue

~D
(AP Photo/Ricardo ee

Puerto Rico should marke
cockfighting as a tourism draws,
especially now that it’s near
an entirely underground spo
in the United States:

Andrew Robertson, a 194
year-old Canadian vacationel
who attended the Saturday
cockfights at Club Sane
with college friends, said he
found the pastime ntiguing 4 !

“It’s kind of like watching
boxers in the ring,” said th :
Montreal resident. “Of course,
the boxers don’t die at the end:
of the fight, but you can still see
some similarities." é

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Castro suggests Washington fails to stop.attacks on US soil to justify war on terror

@ HAVANA

FIDEL Castro suggested
Sunday that Washington has
deliberately failed to stop ter-
rorist attacks against Americans
because it needed to “deliver a
bang” that would justify its war
on terror, according to Associ-
ated Press.

In the latest in a series of
essays that Cuba’s 80-year-old
Maximum leader has begun
writing every few days, Castro
seized on US Homeland Secu-
rity Secretary Michael Chertof-
f’s comments this past week
expressing a “gut feeling” that
the United States faces an
increased risk of attack this
summer.

“The government of the
United States sees and hears all,
with or without legal authori-
ty,’ Castro wrote. “They can
prevent any attack on their peo-
ple, unless there is some imper-
ial need to deliver a bang so
that they can carry on with and
justify the brutal war which has
been declared against the cul-
ture, religion, economy and
independence of other peo-
ples.”

The accusation came at the
end of an essay titled “Bush,
Health and Education,” in
which Castro claimed Cubans
are better cared for than Amer-
icans, and that his poor island
nation and its legions of doctors
working around Latin America

have done more for the region
than the US ever will.

Published in the Communist
Party youth newspaper Juven-
tud Rebelde, the essay criticised
US President George W Bush
for suggesting that recent US
initiatives have provided quali-
ty medical care to Latin Amer-
icans.

“In Cuba, where health care
is not a commodity, we can do
things that Bush cannot even
dream of,” he wrote.

Castro singled out the USNS
Comfort, a Navy medical ship
staffed by hundreds of Ameri-
can doctors and nurses dis-
patched to treat the poor in
Central America.

“Bush knows that he is lying

and that his tall tales are hard to
swallow, but he doesn’t care,”

’ Castro wrote. “He is confident

that if he repeats it a thousand
times, many will finally believe
him.”

Castro said “The Comfort,
with more than 800 people on
board, that is, medical staff and
crew, will not be able to look
after great numbers of people.”
He added that despite Washing-
ton’s 45-year-old trade embar-
go, “Bush is discovering that the
economic and political system
of his empire cannot compete
with Cuba in vital services, such
as health care and education.”

‘Castro’ did not mention the
tecent US movie “Sicko,” in

which filmmaker Michael

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Moore compares Cuba’s health
care system favourably to the

_ United States’.

Recuperating in an undis-
closed location, Castro has not
been seen in public since
announcing last July 31 that
emergency intestinal surgery
had forced him to ceded power
to a provisional government
headed by his 75-year-old
brother Raul.

For weeks now he has pub-
lished the frequent essays,
known as “Reflections of the

Commander in Chief,” in which °

he has touched on issues rang-
ing from US-backed plans to
use food crops for biofuels to
complaints about Cuba’s econ-
omy and hints about why his

recovery is taking so long. Cag.
tro’s writings seem to show he is
in no hurry to return to power,
On Sunday, he also accuse
Washington of causing an inte:

_ national brain drain, saying th

nearly half the foreigners whg |
receive advanced schooling i
the United States later opt t€
stay there.

The US embargo prohibiis
American tourists from visiting
Cuba while severely limitin
trade between both countries.
Castro claimed Washington
uses the policy to discourage
international medical equip-
ment manufacturers from sell-
ing replacement parts to Cuban
hospitals.

“Tt is disgusting,” he wrotes



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Reform our ‘dead or alive’
bankruptcy/liquidation laws

* Attorney calls for Bahamas to embrace United States Chapter 11-style protection for struggling firms
* Urges Bahamians not to live ‘in dog eats dog world’, as this is ‘catastrophic’ for small economies

ee ee ee ee ee ee ee ee ee ee ee ee ee ee eee ee ee ee nat ae eee ome ene erm ete meets ms et mt ss nat nmr met ts toms ret mh shy yet hy mth ttt mt Stadt tS tS mest yh mt het ht et et tt hs hh et sh sh ys ems ess meee nes ss me met ms ty oes

@ By NEIL HARTNELL good.
Tribune Business Editor Fred Smith, an
attorney and

he Bahamas has been

urged to reform its

“dead or alive” bank-

ruptcy and liquidation

laws, a prominent attor-

ney telling The Tribune that this
“nation should embrace US Chapter
11-style protection for Bahamian
companies that are struggling to pay
their debts for the wider economy’s

partner with Cal-
lender’s & Co,
said that given
the relatively
small size of the
Bahamian econ-
omy, businesses
that ran into dif-
ficulties should
be given more



@ SMITH

opportunity to restructure and reor-
ganise than currently.

The country, he added, could not
afford to “keep killing” Bahamian-
owned businesses off, especially if
they were just struggling with tempo-
rary cash flow problems.

“In the Bahamas, we have a guillo-
tine bankruptcy law. You’re alive or

Smith told The Tribune. “If we cut
off everyone overnight, it would be
catastrophic for the economy.

dead. There’s no in-between,” Mr

“In an economy like ours, which is
subject to the vagaries of the world
economy, we should have in our econ-
omy more sensible bankruptcy and
liquidation protection. Instead of
putting people out of business ven-
tures because they can’t pay their
debts, we should have more equitable,
legislation that allows for the recovery
of businesses, so that in time they can
meet their debts and survive.”

He added: “We can’t keep killing

bills. There’s only 300,000 residents in
the Bahamas, We should help each
other, and should not be living in a
dog eats dog kind of world.

“We should do everything we can
to help each other survive and pros-
per.’

Currently, if Bahamas-based busi-
nesses are unable to pay their debts
and meet obligations to creditors, they

SEE page 12

Baha Mar product ‘for
first time’ to meet the
market's comfort-zone |

@ By NEIL HARTNELL
Tribune Business
Editor






Wyndham renovations, as
talks with the Government -
on an agreement for the $2.4
billion Cable Beach project |
continue.

Robert Sands, Baha Mar’s
senior vice-president for |
administrative and public |
affairs, told The Tribune that |









BAHA MAR Bolsvaad it
has positioned its Cable |
Beach Resorts “to have a
product the marketplace can
be comfortable with for the
first time” for the 2007-2008
winter season, due to the
Radisson rebranding and




SEE page 6



Home Centre eyes

ruling cost benefits |

@ By NEIL HARTNELL
Tribune Business Editor

FREEPORT Concrete’s chief executive told The Tribune that
the court-ruling won by its Home Centre subsidiary will reduce
building materials and construction costs, in addition to keeping

' more money in Freeport’s economy and enabling Grand Bahama:

Port Authority (GBPA) licensees to compete more effectively
with US rivals.
Ina letter to Tribune Business (published in full on Pages 10-
_ 11B), Ray Simpson, who is also Freeport Concrete’s president,
denied comments by the Grand Bahama Chamber of Com-
merce’s president, Christopher Lowe, that the Home Centre
had been bringing in its invento-
ry entirely bonded prior to the
Supreme Court ruling in its

SEE page 15

Real estate prices rise
five per cent per year

m@ By CARA BRENNEN-
BETHEL |:
Tribune Business -
Reporter

REAL Estate prices in the
Bahamas are increasing by at
least 5 per cent each year, mak-
ing it critical for younger per-
sons to act quickly when mak-
ing land and property pur-
chases, realtors told The Tri-
bune.

Abigail Rahming, a realtor
at A and E Investments Com-
pany, told Tribune Business
that at present real estate sales
in the Bahamian market were
very strong.

“The market is on an
upswing, and if you check last
year’s prices compared to now,

_ the trend is that they are going

SEE page 15

m@ By NEIL HARTNELL
Tribune Business Editor

THE chosen Automated Clearing
House (ACH) solution will deliver more
efficiency at a cost some 75 per cent low-
er than a previously terminated selection
process, the head of the Clearing Banks
Association’s (CBA) working group said,
with the ACH expected “to be up and
running” by 2007 year-end.

Paul McWeeney, who is also Bank of

people because they can’t pay their ~

Bank solution to deliver 75 per cent lower costs

Clearing House to be ‘up and running’ by 2007 year-end

oa tai
the Bahamas International’s managing
director, said on Friday that the contract
with chosen ACH software provider Mon-
tran was being finalised, and now just
awaited final signatures —--something he
hoped to have before the weekend.

“It’s a matter of just putting final signa-
tures on it,” Mr McWeeney said. “We’re
about to start the [ACH system] testing

period. We had to ensure the agreement
captures our expectations for the ACH,
and I’m glad to say we have accomplished
that.

“We expect to have the ACH up and
running by the end of the year. There’s no .

SEE page 13




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BUSINESS TECHNOLOGY


PAGE 2B, MONDAY, JULY 16, 2007 THE TRIBUNE

TET The FirstCaribbean family is aware that to

nurture our societies, we must proudly honour



our Unsung Heroes, the extraordinary people

Ore esate iiiay who quietly make a difference and enrich our
St. Vincent & the Grenadines — 2006 HERO
Care of the Youth and Elderly
Jestina Charles has worn many hats in her
lifetime — theologian, teacher, counsellor,
seamstress, homemaker and foster mother, in
more than 50 years of helping people. She is

: renowned for her assistance to the elderly and
PIU EaE ieee for administering feeding programmes for
Cenk) over 30 years and has taught for many years
at various primary schools in St. Vincent. -

communities. We must support their causes to
which they selflessly devote their lives, and
THE BAHAMAS acknowledge the sacrifices they have made to

make our communities and countries better.

We are now accepting nominations for the 2007
By s NBO ss
FirstCaribbean Unsung Heroes. Let’s recognise
St. Lucia - 2006 Regional Runner-up
Extensive Work with the Youth and
Elderly
Laura Collymore is a retired school teacher,
mentor, counsellor, caregiver, town clerk and
humanitarian who has been actively serving
cer =) the fishing village of Laborie and its environs
WL ARGCE RAM ICL iaae for the past 30 years. She is a founding
(centre) member of Club 60, a group devoted to
engaging the elderly in activities.

the Unsung Heroes among us and help give

their causes the recognition they deserve.
anys

Send us your nomination describing their work
and the impact it has had on your community.

BRITISH VIRGIN ISLANDS ets pares
Nomination forms are available at FirstCaribbean

branches and on our website at The Bahamas — 2006 Regional Runner-Up

Care and Support of the Hearing
impaired
For the past 15 years, Marvin Finlayson has
devoted his life to reaching out to the
hearing impaired. At the tender age of six,
th whe took ill with meningitis, which left him
MINING GINIENATOINE © deaf. He became the first deaf person to
graduate from the College of The Bahamas.
Marvin is one of the founding members of
The Bahamas Deaf Sports Association.

www.firstcaribbeanbank.com
THE CAYMAN ISLANDS

Nomination forms should be addressed to:



FirstCaribbean Unsung Heroes
CURACAO i aoe
__, C/o Local Co-ordinator —

punenantinninivaatiti

FirstCaribbean International Bank
FirstCaribbean Financial Centre

BIO II ee: tie jamaica - 2006 Regional Commendation
2nd Floor Community & Social Worker
<5 Fabian Mitchell, 34, is living testimony that
Shirley Street hope is alive and well with the youth in our

region. He established the Cross Roads
Foundation, has worked voluntarily in the

we = inner-city communities of Kingston, and also
ia a Mice started a remedial programme for street boys
in the Jones Town community that became a

Nominations must be received by July 28, 2007 : model for a similar programme in another
area in the city. ;

Nassau, Bahamas
GRENADA & CARRIACQU

nates nates er htt



Ne and may be posted to the address above or

delivered to a FirstCaribbean branch near you.



SUL om Nab

ae 7

nba _

° Be willing to have their cause ise the local —
and Fegional media = :

° Be a fegionally ene person or ‘team

Sine ° Not have a high media profile

° Be a Caribbean citizen/resident for at least five years

*Be apolitical = .

ST. VINCENT & e Not seek to directly promote any religious movement

THE GRENADINES

TRINIDAD & TOBAGO

FIRSTCARIBBEAN

INTERNATIONAL COMTRUST
FOUNDATION LIMITED



TURKS & CAICOS ISLANDS



ENRICHING OUR COMMUNITIES. TOGETHER.

www.firstcaribbeanbank.com


WALL STREET

BUSINESS

Che Miami Herald |

) MONDAY, JULY 16, 2007




3B

INTERNATIONAL EDITION

Market rally unhurt as firms report 20 results

BY JOE BEL BRUNO
Associated Press

NEW YORK — Wall Street’s stun-
ning reversal this past week — going
from a nearly 150-point drop in the
Dow industrials Tuesday to an aston-
ishing 283-point surge two days later
— looks like a rally without reason.

Painful as that drop Tuesday was,
it made sense. Earnings warnings
from the likes of Home Depot, Sears
and homebuilder D.R. Horton sent
stocks tumbling and frayed investor
confidence.

But little — if anything — had
changed when stocks thundered
higher, carrying the Dow and Stan-
dard & Poor’s 500 indexes to new
closing records. The outlook for sec-
ond-quarter earnings reports, which
won’t start in earnest until the forth-

coming week, was still quite uncer-
tain, making that huge rally a little
hard to explain.

Some analysts say the advance
had nothing to do with investors’
expectations for earnings, and call it
a case of panic buying, where inves-
tors buy simply so they won’t be left
on the sidelines. That led them to
overlook the bad news of the week,
and not worry about what the next
few weeks might bring.

But that leaves critical questions
to be answered: Just what does the
market expect from earnings season?
And, if the results don’t meet those
forecasts, will investors decide this
past week’s rally was based more on
foolhardiness than fundamentals?

Projections for the second quarter
indicate that profits increased at a

MEXICO

slower pace due to rising interest

-rates globally, and the continued

drag from troubled areas like the
housing and automobile sectors.
Members of the Standard & Poor’s
500 are expected to show profit rose
4.1 percent from last year’s second
quarter, according to Thomson
Financial.

This would be the slowest growth
since the second quarter of 2002, just
before companies began a nearly
four-year burst of double-digit earn-
ings growth. But, what investors
really want to know is whether com-
panies might spring some surprises
— and perhaps beat expectations.

“TJ think investors are anticipating
earnings to be moderately good,”
said James Simos, a principal with
Oakland, Calif.-based Infinity Finan-.

=







BY JANE BUSSEY
jbussey@MiamiHerald.com

MORELIA, Mexico — For recent law school gradu-
ate Gabriel Medina, dollars from his sister in South
Florida have been his lifeline to a better future.

Each month, Elisa Medina sends her brother an
average of $300, part of her earnings from a Home-
stead plant nursery job where the native of the Mexi-
can state of Michoacan has worked since moving to
South Florida in 2001 with her three children.

For Gabriel, the remittances Elisa sends him —
“more than I earn in my job” — and the money he
saved during a year spent working in South Florida
allowed him to finish law school.

Elisa misses Mexico deeply. But here she can sup-
port her children and help out her family in Micho-
acan. “The children can go to school,
they can eat well and they can: dress
well,” Elisa said. “In Mexico, children
sometimes don’t eat.”

Although separated by distance and
the border, Mexicans like Gabriel in
Mexico and Elisa in Florida are united by
a monetary pipeline.

The flow of household remittances
has become an indelible part of bilateral
relations, with Mexico depending on the
United States to employ millions of Mex-
icans as well as buy more than 85 percent
of its exports. It is the same story in Cen-

than the

Only Mexican
crude oil
generates more
foreign income
from one source

Mexican-born

income from one source than the Mexican-born work-
ing in the United States.

“Fourteen percent of the Mexican workforce born
in Mexico now works in the United States,” said
Thierry Lemaresquier, resident representative for the
United Nations Development Program in Mexico. “It
is probably the biggest migratory phenomenon of the
planet.” ;

Michoacan and Zacatecas, the states with the high-
est dependence on remittances, actually experienced:
zero population growth from 2000 through 2005.

As the story of the Medina family shows, the fac-
tors contributing to migration include inequality and
the lack of opportunities in Mexico, a network of rela-
tives in the United States who help the recent arrivals
and the slew of U.S. businesses willing to hire cheaper
labor.

In recent years, analysts have high-
lighted the positive effects of remit-
tances as a rhajor financial resource and
as a way of fighting poverty. But a
recent report on Mexico’s human devel-
opment by the United Nations Develop-
ment Program noted that despite the
benefits to families receiving the
money, the outward migration robs
some Mexican states of large numbers
of people with mid-level educations.

The June report concludes that states
with high migration levels — despite

tral America. The trickle of migrants flee- | workin gin the receiving billions of dollars from abroad
ing violent civil wars in the 1980s turned inited Stat — would have higher levels of health,
into a tidal wave. People are Central nice ales. education and welfare if those citizens

America’s most successful export.

Hondurans currently send home funds equal to 20
percent of the country’s gross domestic product, the
broadest measure of the goods and services produced
in the country. Salvadoran remittances add up to 17
percent of the GDP. In Guatemala, Nicaragua and the
Dominican Republic, remittances comprise around 10
percent.

In Mexico, remittances make up only 2.7 percent of
the total GDP, but they account for 13 percent of the
income in Michoacan, the Medina family’s home state.



Only Mexican crude oil generates more foreign

‘stayed.

“The net effect is a loss in Mexico, which is due in
part to the level of education of those Mexicans who
emigrate to the United States,” Lemaresquier said.

The United Nations Development Program study
also made clear that people with a moderate level of
education generally migrate because lower and mid-
level jobs are so poorly paid in.Mexico and the rest of
Latin America.

Mexico’s per capita income of $7,310 is about one-

* TURN TO REMITTANCES, 8B





cial Services. “But, right now the
question is if analysts on Wall Street
have been so conservative that they
are getting it wrong.”

Indeed, during the first quarter,
analysts originally expected earnings
would grow by 8.7 percent year-
over-year, according to Thomson.
But, as the start of first-quarter earn-
ings season grew closer, mounting
concerns about corporate profits
caused them to adjust that forecast
downward to 3.3 percent. .-

The estimates have been growing
increasingly more conservative each
quarter — and that was the case dur-
ing the first quarter. After all the
results for the S&P 500 were
counted, profit grew 7.9 percent from
the year-ago period.

Part of the uncertainty is due to

HIDDEN TREASURES

the fact that earnings aren’t deter-
mined only by how much money a
company actually makes. Earnings
per share figures are being boosted
by an unprecedented pace of stock
buybacks that have been fed by the
large amounts of cash companies
have on their balance sheets; with
fewer shares outstanding, earnings
per share goes up.

S&P 500 company buybacks in the

second quarter are expected to

smash the $117.7 billion record set in
the first quarter. And, just this past
week a number of that index’s big-
gest drivers announced billion-dollar
buyback offers — including Yum
Brands, Johnson & Johnson, Conoco-
Phillips and Home Depot.

Push for more mining
stirs debate in Ecuador

BY CARLA D’NAN BASS —
Special to The Miami Herald

CUENCA, Ecuador — According
to the legend of Llanganatis, a curse
put on gold and other artifacts gath-
ered in the 16th century to ransom
Inca chief Atahualpa from the Span-
ish conquistador Francisco Pizarro
has prevented generations of adven-
turers from ever finding Ecuador’s
‘hidden treasures.

But now big-time mining compa-
nies may be about to export the
region’s wealth — not Atahualpa’s
treasure, but gold and other valuable
metals still in the ground.

__,4 booming, international, metal
market is hungry for any reserves,

including Ecuador’s estimated 1,5 mil-..
- lion metric tons of mainly g6ldy silver *
and copper. Exports could reach $4 .

billion annually, according to some
industry estimates — about two-
thirds the value of oil exports, Ecua-
dor’s current main money maker.

International mining companies
including Corriente Resources, Iam-
gold and Ascendant Copper have
explored and say they are ready to
begin producing in their concession
areas.

“Ecuador is at a transition point in

mining,” Vice Minister of Mines

Jorge Jurado said. “We are facing the
imminent possibility of large-scale
mining.”

Now, less than 1 percent of Ecua-
dor’s gross domestic product is gen-
erated by small and medium-scale
miners now operating in this small
Andean country. And this number
includes miners’ production of non-
metals such as construction materi-

als.

But some Ecuadoreans consider
the prospects for large-scale mining

‘ another curse, especially since the

sought-after metals are lying under
one of the most biodiverse topogra-
phies in the world.

Around the southern highland city
of Cuenca, Indians and other local
activists blocked roads and clashed
with police in June, and organizers
said they plan to regroup soon. The
most radical want all large-scale min-
ing concessions canceled, while oth-
ers want them suspended until more
studies are conducted.

Sitting at one intersection blocked
by a barricade of burning tires, 48-
year-old grandmother Inez Cochan-
cela squatted on a curb, smoothed
her traditional indigenous embroi-
dered skirt and explained her opposi-
tion. She and about 200 other locals
were making a last stand near the
small community of Victoria del Por-
tete outside of Cuenca after police
drove them from other protest
points.

“One of the few things we poor
people have is water,” she said. “Min-
ing will damage that.”



»

_ This type of opposition has
prompted the leftist government of
President Rafael Correa to launch a
review of the country’s 4,112 mining
concessions — most not producing
— totaling about 2.8 million hectares.

The government also has rejected
environmental impact studies, neces-
sary to begin production, for Cor-
riente Resources and Ascendent. In
addition, officials plan to propose
reforms to the existing mining law to
increase the state’s take from the
income and place more restrictions
on the industry.

Some mining representatives who
accuse the government of siding with
protesters have said they agree that
the industry needs reform, even
regarding the issue of government
revenue. But they accuse activists of
whipping up exaggerated fears and
point to the jobs min-
ing would create in
the impoverished
areas.
“Modern mining is
compatible with envi-
ronmental and social
concerns,” said César
Espinosa, president
of the Ecuadorean
Chamber of Mining.
“This is a new type of mining which
the country has not yet experienced.”

But many communities have had
bad experiences with less controlled
small-scale mining and clumsy
attempts at community relations by
big mining companies.

“These conflicts are the fruit of
some bad practices of mining compa-
nies until now,” said Patricio Vargas,
president of the Cuenca Mining
Chamber. Correa, seen as a “green”
president when he took office in Jan-
uary, promised not to repeat the
same environmental and community
relations mistakes that occurred with
oil, the country’s most valuable
export. The oil-producing Amazon
region is the site of constant conflict
between locals and oil companies.

The Correa government had pro-
posed creating a new model of com-
munity relations through a “national
mining dialog,” but street protests
indicate it is not working.

“This dialogue should have taken
place in the 1980s, before this
started,” said Lina Solano, leader of
the more radical band of opponents
in Cuenca. “We want Ecuador to be
declared a country free of large-scale



ESPINOSA

Correa has ruled out canceling
concessions, however, and ordered
police to remove protesters blocking
roads.

Although increased income from
mining could help finance his popu-
list campaign promises, if current
laws are reformed, Correa could take
a hit on popularity.

MINERAL WEALTH:
Children work in
the mines of Bella
Rica in Ponce
Enriquez, Ecuador.
The small Andean
country has an
estimated

1.5 million metric
tons of gold, silver
and copper.

ROBERT PUGLLA/EL COMERCIO



~~
THE MIAMI HERALD | MiamiHerald.com

WORKPLACE



INTERNATIONAL EDITION _

MONDAY, JULY 16, 2007 # B

Dealing with higher-ups requires skill and practice

BY MARIE G. McINTYRE
McClatchy News Service
Q: I am a young employee
who recently attained a posi-
tion that requires me to interact
with top-level managers. When
I request information from
them, I find it difficult to get
responses. I feel that I’m not
taken seriously and that I’m
being ignored because of my
age. How do I handle this?
— Young & Frustrated

A: Communicating with
busy executives can be a chal-
lenge, even for older people.
Odds are the cause of your
problem is not age, but inexpe-
rience.

Getting the attention of top
management is an art requir-
ing skill and practice.

Consider this interaction
from the viewpoint of your
target audience.

Do these unresponsive



managers know who you are?
Executives are more attuned
to people near their level, so
consider invoking your boss’
name in your requests.

Have you explained why
you need the information?

Replies are more likely to
be forthcoming when the rea-
son for a request is clear.

Emphasize how providing
this data will benefit the com-
pany. Is the information hard

to obtain or compile? The
more effort required, the
lower the response rate. Look
for ways to make the task eas-
let

Do you expect an immedi-
ate response to a single e-mail?
Executives receive a daily del-
uge of correspondence, so get-
ting to yours could take
awhile.

Since younger employees
often rely heavily on elec-

tronic communication, con-
sider following up by phone or
in person. Are you aiming too
high? If a lower-level
employee can help you, don’t
bother executives. Less-lofty
people are much more accessi-
ble.

Finally, when dealing with
an executive, the administra-
tive assistant is your secret
weapon.

Going through the assistant

often works better than con-
tacting an executive directly,
because assistants are quite
adept at extracting informa-
tion from the boss.

Marie G. McIntyre is a
workplace coach and the
author of “Secrets to Winning
at Office Politics.” Send in
questions and get free coaching
tips at www.your
officecoach.com.



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Adjustable-rate mortgages

Advantages and Disadvantages
¢ Feature lower rates and payments early on in the loan term.
Because lenders can use the lower payment when qualifying
borrowers, people can buy larger homes than they otherwise
could buy.

* Allow borrowers to take advantage of falling rates without
refinancing. Instead of having to pay a whole new set of clos-
ing costs and fees, ARM borrowers just sit back and watch the
rates — and their monthly payments — fall.

¢ Help borrowers save and invest more money. Someone who
has a payment that’s $100 less with an ARM can save that
money and earn more off it in a higher-yielding investment.

¢ Offer a cheap way for borrowers who don’t plan on living in
one place for very long to buy a house.

¢ Rates and payments can rise significantly over the life of the
loan. A 6 percent ARM can end up at 11 percent in just three
years if rates rise sharply.

* The first adjustment can be a doozy because some annual
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‘ARM vs. fixed-rate mortgage By Bankrate.com

months after closing if rates in the overall economy skyrock-
et.
¢ ARMs are difficult to understand. Lenders have much more
flexibility when determining margins, caps, adjustment index-
es and other things, so unsophisticated borrowers can easily
get confused or trapped by shady mortgage companies.
* On certain ARMs, called negative amortization loans, bor-
rowers can end up owing more money than they did at closing.
That’s because the payments on these loans are set so low (to
make the loans even more affordable) they only cover part of
the interest due. Any additional amount due gets rolled into the
principal balance. ;

Fixed-rate mortgages

Advantages and Disadvantages
¢ Rates and payments remain constant. There won’t be any
surprises even if inflation surges out of control and mortgage
rates head to 20 percent.
* Stability makes budgeting easier. People can manage their
money with more certainty because their housing outlays
don’t change. j
¢ Simple to understand, so they’re good for first-time buyers
who wouldn’t know a 7/1 ARM with 2/6 caps if it hit them
over the head.

* To take advantage of falling rates, fixed-rate mortgage hold-
ers have to refinance. That means a few thousand dollars in
closing costs, another trip to the title company’s office and
several hours spent digging up tax forms, bank statements, etc.
* Can be too expensive for some borrowers, especially in high-
rate environments, because there is no early-on payment and
rate break.

¢ Are virtually identical from lender to lender. While lenders
keep many ARMs on their books, most financial institutions
sell their fixed-rate mortgages into the secondary market. As a
result, ARMs can be customized for individual borrowers,
while most fixed-rate mortgages can’t.

All of these things should factor into your decision between
a fixed-rate mortgage and an adjustable.

After the initial fixed period, most ARMs adjust every year
on the anniversary of the mortgage. The new rate is actually
set about 45 days before the anniversary, based on the speci-
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gage.

When rates are relatively high, ARMs make sense because
their lower initial rates allow borrowers to still reap the bene-
fits of homeownership. Rates could fall even further, meaning
borrowers will have a decent chance of getting lower pay-
ments even if they don’t refinance. When rates are relatively
low, however, fixed-rate mortgages make more sense. After

~ all, 7 percent is a great rate to borrow money at for 30 years.

Besides the standard fixed-rate and adjustable-rate mort-
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a home.

Jumbo mortgage

This is considered a nonconforming loan because it exceeds
the loan limit set by Fannie Mae and Freddie Mac, the two
publicly chartered corporations that buy mortgage loans from
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COMMERCEBANK, N.A. 305-460-8585

www.commercebankfl.com



5.875 30 yr Fix 0/1 $16/300 10% 6.04
5.625 15 yr Fix o/1 $16/300 10% 5.9
6.125 30 yr Jumbo 0/1 $16/400 20% 6.25
6 5/1 yr ARM o/1 $16/300 20% 7.19





Down payments as low as 3.0% are available; call for quote.

(C) 220 Alhambra Circle, Coral Gables, FL 33134

LENDERS, PARTICIPATE
IN THIS FEATURE CALL
BANKRATE.COM
CUSTOMER SERVICE
@ 800-509-4636


























ed on Bankrate. If you need to borrow more than that, you will
need a jumbo mortgage, which generally has a higher interest
rate than “conforming” loans. Bankrate.com also surveys
jumbo mortgage’rates.

Two-step mortgage

These are mortgages that combine elements of fixed and
adjustable-rate mortgages. They go by confusing names such
as 2/28, 5/25 or 7/23. A two-step mortgage features a fixed
rate and payment for an initial period, followed by one adjust-
ment, then a fixed rate and payment for the remainder of the
loan term. A 7/23, for example, has an initial fixed period of
seven years, an adjustment, and then 23 more years of pay-
ments following the adjustment.

Balloon mortgage

Borrowers get lower rates and payments for a specific period
of time, which usually is anywhere from three years to 10
years. At that point, a borrower has to pay off the principal bal-’
ance in a lump sum. Under certain conditions, the mortgages
can be converted to fixed-rate or adjustable-rate loans. Many
borrowers either sell their homes before they get to their due
dates or end up refinancing their balances into new mortgages.

Construction mortgages

Construction loans help people who want to build homes,
rather than buy existing ones. They typically feature a two-
step borrowing process. Borrowers pay higher rates for the
duration of construction, during which time they draw money
to pay'their builders, paying only interest on the outstanding
amount. Then, they go through a second closing at which time
the loan usually converts to a traditional, long-term fixed-rate
structure.















Rates effective as of 7/11/07. © 2007 Bankrate, Inc. http://www.bankrate.com. LEGEND: (A) Mortgage Banker, (B) Mortgage Broker, (C) Bank, (D) S & L, (E) Credit Union. “Call for Current Rates” means actual rates were not available at press time. Conventional loans
are based on loan amounts of $165,000. Jumbo loans are based on loan amounts of $435,000. Points quoted include discount and/or origination. Lock Days: 30-60. Annual percentage rates (APRs) are based on fully indexed rates for adjustable rate mortgages
(ARMs). The APR on your specific loan may differ from the sample used. Fees reflect charges relative to the APR. If your down payment is less than 20% of the home's value, you will be subject to private mortgage insurance, or PMI. Bankrate, Inc. does not
guarantee the accuracy of the information appearing above or the availability of rates and fees in this table. All rates, fees and other information are subject to change without notice. Bankrate, Inc. does not own any financial institutions. Some or all of the compa-
nies appearing in this-table pay a fee to appear in this table. To appear in this table, call 800-509-4636. To report any inaccuracies, call 888-509-4636. * http://mherald.interest.com


THE TRIBUNE

MONDAY, JULY 16, 2007, PAGE 5B





Feedback on Ritz-
arlton ‘positive’
despite concern

@ By CARA BRENNEN-
BETHEL
Tribune Business .
Reporter

eedback on the pro-
posed design for the
Ritz-Carlton resort
on Rose Island has
generally been positive, its
vice-president and general
manager told The Tribune,
despite some Bahamian real-
tors voicing concerns about
plans for the multi-million dol-
lar development.
With dredging on the marina

expected to start by July’s end,
Russell Miller told The Tri-

bune that any project is bound

to have some degree. of critis-
cm levelled against it.

Letter

He was responding to\a
recent letter to The Tribune by
Ken Chaplin, a Bahamian real-
tor who expressed shock at the
design plans for the resort,
which were unveiled to a focus
group meeting.

Mr Miller said he preferred
not to comment on the mat-

NA SB

Leading Law Firm seeks Legal Secretary

| Candidates

Jone or more of the

must have experience in

following areas:

Conveyancing litigation, mortgages, and

lgeneral matters; be highly proficient in |}

ter, adding only that the Ritz-
Carlton developers had met
with a number of persons to
discuss their plans - all with
postive results.

“We held a focus group with
the majoirty of real estate bro-
kers to discuss any concerns
that they might have had. I will
only say that'the overall feed-
back from the meeting was
very postive,” Mr Miller said.

In his letter to The Tribune,

- Mr Chaplin wrote: “I recently

attended a ‘focus group’ which
examined the plans of the Ritz-
Carlton development on Rose
island. I was shocked, as the
plans were unveiled showing
a seven-storey rectangular box,
which was touted as ‘contem-
porary and forward thinking,

and which answered the call ‘

2

of today’s buyers’.
While Mr Chaplin praised
the Ritz-Carlton developers
for hosting the meeting, he
hoped they would “re-think
their plans to build a decided-
ly un-Bahamian hotel and res-
idential community on a gem
of a very Bahamian island”.

Mr Chaplin also encouraged
developers, architects and
builders to ensure their designs
reflect traditional island style.

“Our traditional architec-
ture, while defining our
Bahamianism, also just makes
sense, as it provides shade with
large overhangs and wrap
around verandahs with large
openings to take advantage of
cooling breezes,” he added.

Booming

“Why are the communities
of Harbour Island and Hope
Town booming? Because of

their island charm. Contem- -

porary designs become dated —
our island style will vase be
classic.”

The Ritz Carlton is expected
to open in 2009. According to
the developers, it. will include a
luxury resort, private resi-
dences and a sheltered mari-
na.

When completed, it is

expected to provide a collec-

tion of more than 400
dewellings.

KI 1g an eepsa © collecting?

ToT are OE

PTH S| CIES

2007-2008

Are you looking for a Teaching Position in a
Dynamic Progressive Teaching Environment?

Starting August 2007

The Lyford Cay International School has positions
open in: : :

¢ Early Learning Center
¢ Elementary Classroom
¢ Chemistry

¢ Mathematics

¢ English & Humanities
¢ Spanish

If interested email to Dr. Paul Lieblich, Principal e
plieblich @lyfordcayschool.net:

¢ Letter of Application

|MS Word & Windows; type 70+ wpm; bef -
|comfortable and polished with high-level
|[clients; have excellent organizational and
Ifollow-up _ skills.
| with experience. Please send resume and

e Curriculum Vitae
¢ Picture of yourself

To advertise in The Tribune -
the #1 newspaper in circulation,
just call 322-1986 today!

Candidates must be university/college trained
with teaching credential arid two years experience.
International Baccalaureate Organization program
experience preferred.

Salary commensurate

| salary expectations to:cpfplan@yahoo.com,
lor send fax to: 323- 0012



FIRSTCARIBBEAN
INTERNATIONAL BANK
CAREER OPPORTUNITY

Sor
Wealth Management
Wealth Manager/Team Leader
| Bahamas & TCI

We are continuing the expansion of our Wealth Management business and are now seeking to
recruit an outstanding professional to lead our team of international and domestic wealth ¢ Providing a high level] of service and financial advice to new and existing

managers in’Bahamas and TCI. The person we are seeking must have the gravitas and expertise . clients including liaising with customers and professional intermediaries
to drive the significant growth of AUM/AUA by developing investment relationships with with regards to credit facilities.

HNWIs, professional trustees and financial intermediaries.

Qualifications:

¢ Internationally recognized Financial Planning or Investment qualification (e.g. FPC or
CFA).
Degree or professional qualification in Banking, Accounting, Law or Business.
A self- motivator and experienced team leader with a commitment to'coaching and
mentoring.
Must have a passion for team and personal results and be able to demonstrate an
outstanding command of balancing sales and best advice to exceed targets.
Fully up to date with the global Wealth Management product offering and an excellent
understanding of international and local competitive environments.
Strong knowledge of insurance, taxation and asset protection, estate planning products
and services, and experience in tailoring innovative solutions for clients from various
jurisdictions. : i! ;
Must be fully aware of latest KYC, AML and fraud prevention requirements and ¢ ACIB or ABIFS diploma or degree in Banking or a related business field
* monitoring tools.
Possess a strong knowledge of global economic and political conditions and current
affairs.

member of the QNB Group

The Ansbacher Group, specialists in private banking, fiduciary services and
wealth Management has an Cue raay in The Bahamas for the position of

CREDIT RELATION SHIP MANAGER

Duties include:

Managing the bank credit exposures to ensure no risk.
Providing management information on the client base for monthly credit
meeting. °

Enhancing the experience of existing clients by providing accessibility and
person-to-person advice.

Implementing the bank? $s strategy together with the ability to satisfactorily
service high net worth clients/intermediaties.

The successful candidate must have the following qualifications and experience:

Seven or more years banking experience of which at least four years should
be in credit administration

General Requirements/Responsibilities:

Have a minimum of 5 years, and preferably 10 years, international investment management
sales or financial advisory experience, with supervisory experience in a regulated T & C
environment.

Client centric with strong presentation and negotiation skills; able to competently provide
expert investment advice and recommendations to HNWIs and professionals.
Can demonstrate a full understanding of the mathematical and statistical basis of portfolio
diversification and possess.a thorough comprehension of the qualitative and quantitative
aspects of investment management including, Alpha, Beta and Total Return considerations
and analytical depth in respect of asset allocation and specific stock picks.
Champion and implement Wealth management sales initiatives working closely with the
Director Wealth Management, Director Sales & Service and Marketing Department.
Achieve revenue, AUM/AUA and other targets, whilst managing costs within agreed
budget.

Experience in lending and cross selling other banking products is desirable.

Previous experience in portfolio and liability administration

Strong leadership and decision making skills

Problem solving and coaching skills

Ability to manage multiple priorities

Ability to make sound credit analysis

Strategic awareness within the private banking industry
Spanish speaking skills would be an asset

Excellent salary & benefits
Remuneration:

Please send all resumes to the attention of:
Human Resource Manager
Ansbacher (Bahamas) Limited
P.O. Box N-7768
Nassau, Bahamas
Fax: 325-0524
Email: hrmanager @ansbacher.bs

¢ Salary commensurate with level 9 out of 11 pay levels
¢ Benefits- comprehensive banking benefits, variable incentive pay (bonus) and preferred
loan rates

Applicants are requested to submit their resume with a cover letter via ay by July 20th ,
2007 to: dennis.govan @firstcaribbeanbank.com

FirstCaribbean International Bank (Bahamas) Limited thanks all applicants for their interest,
however only those under consideration will be contacted.

Deadline for all applications by hand, fax or email is July 20th, 2007


PAGE 6B, MONDAY, JULY 16, 2007

THE TRIBUNE





ef

SU NEE 3

Prestigious Private Island Resort has immediate positions
available for the following:

1 Housekeeping Supervisor (a minimum of seven
years experience in supervisory position in major
hotel)

2 Housekeepers

1 Captain/Maitre’d (Formal/gourmet dining room
experience and table side preparation)

1 Seasonal Executive Chef (five to ten years
Caribbean experience and knowledge of
European/American Cooking) .

2 Cafeteria cooks/attendants (three to five years
experience in a major hotel)

Competitive salary commensurate with experience and
qualifications. Free housing and other benefits available.

Interested pesons should fax resume to 242-347-5004 or |
email to tstewart@catcayyachtclub.com



Employment
Opportunity |

Administrative Assistant/ Book Keeper

Small Business out West looking for a Successful
Candidate to meet
the following requirements:
Computer literate on Word, Excel, Outlook and
Quick books
Good Organizational Skills
Experienced with accounting and bookkeeping.

| Self motivated and able to work without supervision.

Good Communication Skills, Verbal and written
Own transportations is a plus.

Great Compensation package plus benefits.

Send Resume by July 31* to
Apply to : DA 798
c/o The Tribue
P.O. Box N-3207
Nassau, Bahamas

BS/



Baha Mar product
‘for first time’ to

meet market’s
comfort-zone

FROM page 1

the developer was “ready to
go” on issuing contracts for
both the West Bay Street re-
routing and Commercial Vil-
lage construction, but needed
to secure an agreement with
the Government for the overall
project before it could proceed.

Informed sources have con-
firmed to The Tribune that
Baha Mar and the new FNM
government have already met
over the project, and that more
meetings are planned. Mr
Sands effectively confirmed
this, saying: “We have engaged
with the Government of the
Bahamas, and that’s very
important.”

He declined to comment fur-
ther, but The Tribune has been

- told that Prime Minister

Hubert Ingraham is keen for
Baha Mar, as he sees it, to start
fulfilling some of the obliga-
tions it committed to in the
original April 6, 2005, Heads of
Agreement it signed with the
Christie administration, before
talks on further investment
incentives and a new agree-
ment commence.

Some sources also suggest-
ed that a lot of what the former
government promised Baha
Mar was not committed to
paper, and it is possible that
Mr Ingraham may want to
review some elements in. the
Heads of Agreement.

BSI OVERSEAS (BAHAMAS) LIMITED

BSI Overseas (Bahamas) Limited, Nassau, Bahamas, an established
international private bank, with its headquarters in Lugano, Switzerland,

is presently accepting applications for

PRIVATE BANKING - HEAD EUROPEAN ASSET MANAGERS

Applicants for the position of Head European External Asset Managers
within the Private Banking Unit must have Banking or Financial education
and at least'10 years experience in the offshore banking sector, well versed
in managing relationships with Professional’ Asset Managers, fluent in
Italian and English, good knowledge of French, ability to manage projects,
perform reviews to minimize risks, efficiency oriented, lead small team of

Baha Mar failed to reach a
supplemental Heads of Agree-

‘ment with the Christie gov-

ernment on its project, which
became necessary after the
scale of investment increased
from $1 billion to $2.4 billion.

‘The deadline to conclude that

had been March 1, a date that
was vital to Baha Mar if it
wanted to conclude its casino
and hotel operating partner
agreements with Harrah’s
Entertainment and Starwood

- by mid-March.

Both those deadlines are
now four months passed, but
both Harrah’s and Starwood
have not yet exercised walk-
away clauses in their agree-
ments and are said to still be
committed to the Cable Beach
project. Harrah’s is also tak-
ing a 43 per cent equity stake
in the venture.

Demolish

Meanwhile, Mr Sands said

Baha Mar’s plans to demolish
the Nassau Beach Hotel to
make way for the proposed
Westin, 1,000-room Caesar’s

Palace hotel and casino, and .

new beach landscape had been
put back. The Nassau Beach
will now be open and receiving
guests until January 3, 2008,
rather than being closed for
demolition this year.

Mr Sands added that after

-.just.over one month since the

Radisson was reflagged as a
Sheraton resort, Baha Mar had
“been encouraged by the num-
bers”.

‘“We’ve seen an increase in
revenue yield in terms of the
average daily room rate com-
pared to last year. We’ve been
extremely encouraged by the
call:-volumes, the occupancy
levels and the growth going
forward,” he said, adding that
this.was despite some 50 per
cent of the Sheraton’s room
inventory being out of action.

The Sheraton was also still
“a construction zone” as work
on its $80 million rebranding
continued, with all of Baha
Mar’s Cable Beach Resorts
having to contend with the fall-
out from the Western Hemi-
sphere Travel Initiative
(WHT]I).

In addition, some 300 rooms
at the Wyndham resort had
also been taken out of inven-
tory for refurbishment, and
were not due to come back on
line until early December, Mr
Sands said.

He described this process as
a “total re-gutting of the rooms
and a major, major transfor-
mation, involving infrastruc-
ture and soft changes”.

Baha Mar had spent $130
million to date on the Sheraton
rebranding, plus upgrades to
the Nassau Beach and Wynd-
ham resort and casino, Mr
Sands said.



“We've recently totally ren-
ovated the Ballroom space and
the meeting room space at the
Wyndham, which was opened
in the last six weeks.” h:

added,

Product

“We believe we’ve posi
tioned ourselves for the first
time now to have a product the
marketplace can be comfort-
able with, particularly the
Sheraton and the Wyndham,
for the 2007-2008 winter sea-
son.”

On the West Bay Street re
routing and Commercial Vil-
lage construction, Mr Sands
added: “We're ready to go, but
that hinges on our ability to
come to an agreement with the
Government of the Bahama
to build Baha Mar. It’s no use
doing that without the com-
plete project being feasible.

“They’re [the two projects]
not standalone or mutually
exclusive. They're processe
that are necessary to have in
place to allow us to build Baha
Mar. They’re phases of the
major project.”

Mr Sands added that the key
objective currently was “get-
ting an agreement with the
Government on how best we
can proceed to accomplish
what we want to accomplish,
and to the satisfaction of the
Government of the Bahamas”.

THE AIRPORT AUTHORITY

VACANCY

The Airport Authority is seeking to recruit a
suitably qualified Bahamian to fill the vacant
position of CCTV Surveillance Operator.

Candidates for position should posses
‘tertiary level qualification (Associates
Degree) in either computer _ science,
computer technology or business studies and
have effective writing and oral communication
skills. Candidate without tertiary level
qualifications must have a minimum of two (2)

_ years relevant experience.

Private Banking Relationship Officers, maintain relationships with other
units and third parties and have knowledge of local legislation, regulatory
& statutory matters as wel] as international banking practices.

Personal qualities :

' Goal-oriented, self-motivated, positive attitude and outlook
Strong in problem solving, investigative
Customer service oriented
Must be able to work under pressure
Commitment to quality and service excellence
Commitment to continuous training and improvement of allocated
resources
Organisational skills
Flexibility in office hours and hands-on approach when. necessary

Responsibilities :

Manage team |
~ Review relationships with counterparts
Develop allocated client segment
Direct involvement with External Asset Maredes: clients
Foster and maintain communication with internal/external banking
professionals
Meet deadlines on timely basis

Interested persons must submit their Resumes
and three letters of reference by Monday 23rd
July, 2007 to the;

Manager, Human Resources
The Airport Authority
Lynden Pindling International Airport

P.O. Box AP-59222
Nassau, Bahamas

Interested persons with such qualifications should submit their
resume/curriculum vitae to:-

Human Resources Manager

BSI Overseas (Bahamas) Limited

Bayside Executive Park, W. Bay St. & Blake Road
P. O. Box N-7130

Nassau, Bahamas

Fax no. (242) 702 1253 or email:

(ABSOLUTELY NO PHONE CALLS PLEASE)
Only applicants having the above attributes will be contacted.


THE TRIBUNE

MONDAY, JULY 16, 2007, PAGE 7B





Resort unveils

S5.7m luxury
penthouse

.«, Mi By TANEKA THOMPSON

xuma-based Grand

' Isle Resort & Spa ¢

has officially
unveiled its newest
addition to its luxury accom-

»,* modations, a $5.7 million pent-
“+” house.

' The 5,400 square foot “room
with revenue” penthouse has

- four bedrooms, four-and-a-half
baths and a private balcony off
the master suite. It has
enclosed parking for two golf
carts (complimentary with the
stay), 1,236 square feet of ter-
races, and even soundproof
garbage disposals.

Over two days, July 13-14th,

executives at the Grand Isle
* Resort and Spa hosted the offi-
- cial opening ceremonies,
attended by Minister of
National Security Orville
‘Tommy’ Turnquest; Minister
of State for Tourism and Ayi-
ation, Branville McCarntney;
and Minister of Lands’and
Local Government Sidney
Collie.

The penthouse is the latest
addition to the $110. million
development, which consists
of 78 villas. It is the “latest in
the evolving upscale condotel
development by EGI Ltd, the
developers of Grand Isle

~~ Resort & Spa.

“Based on a principle simi-
lar to condo ownership, ‘condo
hotels’ allow owners to buy a
room, unit - or, as in the case of
one high-end property in Exu-
main the Bahamas - a com-
_ plete two-storey villa with the

‘ option to use it when they
want, and place it in a hotel
management company’s hands
when they don’t,” stated Diane
- Philips, PR representative for

o

Grand Isle Resort & Spa.
“Unlike timeshare, the own-
er is not buying one or two
weeks per year, but actually
buying. a villa and placing it in

a pool so it can be rented out, '

with the hotel management
company splitting the rental
revenue with the owner.”

Condos

Similar to condos, a condotel
has condo association and
maintenance fees, but what
makes them unique is that they
provide the amenities associ-
ated with hotels, such as maid
services. “What we have cre-
ated is a hybrid,” says Jim
Claybaugh, president of EGI

Ltd. “It’s the best of both
worlds, a luxurious place to
stay when you want to vaca-
tion, and a revenue-earner
when someone else does.”

EGI Ltd employed the Nas-
sau architectural firm, Kenneth
Lam & Associates, and
Bahamian contractors to con-
struct the new penthouse, and
many have cited the develop-
ment.as “the example that
should be followed for Family
Island success”.

Accommodations at the
Grand Isle Resort & Spa range
from one bedroom villas at
under $1 million to the new
penthouse at $6 million. Daily
rates start at $675, topping out
at $15,000 per day.

NOTICE

Pursuant to the provisions of Section 138(4), (a), (b) and (c) of
the International Business Companies Act 2000, of The
Commonwealth of The Bahamas, notice is hereby given that:

(a) RED FIRE MOUNTAIN

OFFSHORE

FUND, INC. is in dissolution;

(b) The date of commencement of the dissolution is the
12th day of July, 2007 and

(c) The Liquidator is Keith Aufhauser of 112
West 56th Street New York NY 10019, USA.

‘KING & CO
Attorneys for the above-named Company

Monique Cartwright-Winder

M&E Limited



CAT

As a privately-owned, mid-sized Bahamian Company and

the authorized Caterpillar dealer in The Bahamas, we are

seeking a candidate to work as a Technical Advisor to

support the operations of the Service Department. The

candidate should have the following qualifications:

¢ Be a graduate with a Bachelors Degree in Mechanical

Engineering;

e Have post-graduate studies in Management;

° Have Caterpillar training in Heavy Equipment Machines;

¢ Have Caterpillar training in power generation;

¢ Have 5 years or more experience with working with a

Caterpillar dealer or a similar Organization
e The candidate should have certification as an ISO 9000

auditor and;

¢ The candidate should have Six Sigma training (a Black

belt in 6-Sigma is preferred).

This candidate is required to be a professional who thrives

on the challenge of developing outstanding customer

relations and service excellence.

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

Attention: Service Manager, or email_me@me-ltd.com.

Only persons being interviewed for this position will be

contacted.



INSIGHT

For the stories

behind the news,
read Insight
on Mondays



HELP WANTED

Automotive Service Company Needs:
Young, energetic female.
Cashier, Receptionist, Computer Experienced Required





Send Resume and References To:
Personel Department,
P.O.Box N-939
Nassau, Bahamas




Vacancy for Chief Financial Officer



Responsibilities:

Full responsibilities for all accounting activities including G/
L, A/P, A/R, Payroll & Purchasing

Cash flow management, financial reporting, forecasting and
budgets aN

Manage relationship with current lender and fulfill monthly
reporting requirements

Manage year end audit and act as liaison to external CPAs
Manage annual budget process; work with senior manage-
ment to optimize budgets and financial forecasts

Directly supervising accounting staff of 10

Overseeing the day— to— day operation of the company

Qualifications:

Eight to ten years of experience in financial management
with increasing responsibilities for multi-faceted direction
and planning |
Bachelors degree in Accounting or Finance minimum

CPA designation preferred

Ability to deal with legal , corporate and general business
matters ,
Experience in setting up financial controls; effective at estab-
lishing and improving processes

Strong communication, analytical and management skills
Enthusiastic, positive, “can do” entrepreneurial spirit.

Interested persons should apply in writing to
Chief Financial Officer
P.O Box N-4351, Nassau, Bahamas )
Deadline for application is July 31st,2007



BSi

BSI OVERSEAS (BAHAMAS) LIMITED

BSI Overseas (Bahamas) Limited, Nassau, Bahamas, an established
international private bank, with its headquarters in Lugano, Switzerland,
is presently accepting applications for

PRIVATE BANKING RELATIONSHIP OFFICER -

Applicants for the position of Private Banking Relationship Officer must
have Banking or Financial education and experience in the offshore banking
sector, fluency in Italian, German and French, have strong background
in KYC matters, good knowledge of international financial instruments,
ability to partner with team members, project oriented, and have thorough
knowledge of local legislation, regulatory & statutory matters as well as
international banking practices.

Personal qualities :-

Excellent organizational, communication and computer skills
Goal-oriented, self-motivated, positive attitude and outlook

Project oriented

Commitment to quality and service excellence

Able to work with minimal supervision

Commitment to continuous training and improvement of colleagues
Flexibility in office hours and hands-on approach when necessary

Responsibilities :-

Ensure KYC guidelines are applied on a day to day basis within Private
Banking unit

Organize, implement and monitor KYC and Client Relationship
Management related projects within the Private Banking Unit
Training of Private Banking allocated resources

Liaise directly with customers or their investment advisors or agents
Foster and maintain communication with internal/external banking .
professionals

Meet deadlines on timely basis

Interested persons with such qualifications should submit their
resume/curriculum vitae to :

Human Resources Manager

BSI Overseas (Bahamas) Limited

Bayside Executive Park, W. Bay St. & Blake Road
P. O. Box N-7130

Nassau, Bahamas

Fax no. (242) 702 1253 or email:



(ABSOLUTELY NO PHONE CALLS PLEASE)
Only applicants having the above attributes will be contacted.




> PAGE 8B, ee JULY 16, 2007

oon



IMPORTANT DATES
Fall Semester 2007
New Student Orientation

Parents’ Evening

Tuesday, 14" August, 2007 at 6:30 p.m. The College of The Bat

at the Oakes Field Campus ‘N

Abstracts of secret
topics:

Orientation
Wednesday, 22"¢ August, 2007
8:00a.m. - 1:00p.m.

Advisement & Registration
Wednesday, 22â„¢4 August, 2007
at 1:00 p.m. — 5:00 p.m.

: Kinship across the £

4) Advisement, Registration & Bill Payment
Thursday, 23 August, 2007 and
Friday, 24" August, 2007
at 9:00 a.m. — 7:00 p.m.

Venue: COB Band Shell

at 1. Director of Alumni Relations & Annual Fund



+ who enjoys the challenge of engaging people on a one to one level.



DUTIES AND RESPONSIBILITIES:
: Annual Fund












- Strategic plan for the COB Annual Fund.
2. Provide continued development, evolution and implementation of new Annual Fund strategy.

- 4, Creates the Annual Fund donor stewardship programme and materials.
“5, In advance of alumni database utilisation, develops an electronic system for tracking annual
- fund solicitations, solicitation responses and donations.
6. Segments Annual Fund prospects to determine leadership level donors and general Annual
und donors.
"7, Conducts face to face, telephone and email solicitations of leadership level Annual Fund gifts.
8. Engages and supports the COB Alumni Association’s participation with leadership level gift
~ $Olicitations.
' 9. Maintains electronic/database records of alumni solicitations and contact (email, face to face,
telephone, etc).
10. Designs and implement the Staff & Faculty Fund as part of the Annual Fund Programme.

- Alumni Relations —

4: Participates i in the development of short and long range strategic planning activities to realize .
alumni engagement goals and objectives.

4 including alumni events, alumni publications, alumni communications, alumni events calendar,
alumni special projects and the annual fund.
3. Provides strategic guidance and counsel to the College/University Alumni Association on the



+. development and delivery of its programs and integration with the College/University Alumni Relations

Programme.

4. Oversees the successful execution of key alumni events, receptions, homecoming and reunion
class programs which builds loyalty and promotes the College i in the lives of its graduates. Logistical :

support for events is provided through the Office of Communication.



‘F generally.
|°6. Maintains a lost alumni mnt the G programme to re-engage alumni with The College.
+7. ‘Develops and keep current the

* to-alumni.
| 8. Provides a face and contact point for College/University alumni.

_ the Alumni Magazine.

10. Works in collaboration with the President and the senior team to plan and deliver high quality
:.and strategic alumni events which serve to strengthen fundraising efforts, alumni engagement,
‘P: University transition and The College's profile within key constituencies.

KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:

e Ability to plan and execute a range of strategic events.

e Excellent interpersonal skills and the ability to interact effectively with academic leadership,

faculty, prospects, donors, and volunteers in a wide range of roles.
#}.¢ Ability to exercise good judgment and to use discretion in interactions with donors, prospects,
volunteers, and others. .

¢ Ability to work effectively within a team environment.

4.6 Demonstrated organizational skills and experience in managing events and other complex
activities in support of College/University objectives.

-¢ Willingness and availability to travel and to work extended hours as necessary.

MINIMUM KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:
-e Bachelor's degree
Excellent interpersonal and communication (written and verbal) skills





Exceptional analytical skills and experience in managing a program requiring analysis and
strategic planning

Demonstrated ability to organize work and to manage competing priorities and deadlines
Demonstrated proactive work ethic and ability innovate, set and meet goals

Proven accuracy and attention to detail

Proficiency in Microsoft Word, Excel PowerPoint, Access /
Database maintenance arid data entry experience

Prior event planning experience a must

Demonstrated tact, diplomacy and discretion

Excellent computer skills expected

Ability to meet deadlines with minimum supervision.

Willingness to work extended hours and on weekends and sclgeye if saales

A team player and overall pleasant disposition

Commitment to confidentiality

‘IN ADDITION, THE SUCCESSFUL CANDIDATE WILL HAVE:
Demonstrated ability to network in a professional or personal setting
Be a self-starter and able to work independently

Previous experience in fund raising, sales or marketing

Exceptional IT skills and a proficiency with databases

Good knowledge of The College



eeeee



2. Development Associate, Alumni Relations & Development

| -With a view to attaining a charter as a university by 2008, the College has embarked aggressively
] upon a major expansion of its programme offerings, research activities and physical facilities and :



is incorporating e-learning methodologies into its repertoire of strategies for delivering instruction.

Office.







THE COLLEGE OF

Visit our website at www.cob. edubs.

JOB VACANCIES

+ SUMMARY: The Director of Alumni Relations & Annual Fund has two primary responsibilities: to :
-develop The College of The Bahamas Alumni Relations Programme and to plan and deliver a :
+ successful Annual Fund fundraising program. The incumbent will have direct responsibility for :
creating The College of The Bahamas’ Annual Fund Programme. The Director of Alumni Relations :

and Annual Fund will implement preliminary plans for The College’s Annual Fund and will have direct ;

-§ |: responsibility for soliciting leadership level Annual Fund gifts. The successful candidate will be :

=~ ‘someone with strong interpersonal, communication (both orally and written) and organisational skills :
, Reporting to Mather Leigh :
Inc., strategic counsel to The College of The Bahamas in the operation of alumni relations and :

: development. This is:an excellent opportunity for someone who is a graduate of The College and :
~ who wants to serve their alma mater and will enjoy working with others to build a new Alumni :
Relations and Development Department at The College/University of The Bahamas. :

1. Establish The College of The Bahamas Annual Fund through the implementation of the preliminary

= 3. Creates the Annual Fund solicitation, pledge chasing and gift acknowledgement and materials. i

-2. Develops and oversee the implementation of the College/University Alumni Relations Programme

| 5. Engages senior management in furthering the advancement of alumni relations goals and assists
- in educating faculty and staff in respect of the roles they can play supporting alumni and development ;

ollege’s web presence and web, print and email communications i

#1. 9. Works in collaboration with the Communications Department provide content for and co-produce

Demonstrated ability to present information concisely and effectively, both verbally and in writing

| To underpin this transition to university status, The College is embarked upon a drive to increase }
its funding from private sources through the establishment of the Alumni Relations & Development }

THE TRIBUNE



EDUCATING & TRanvine BABAMIANS:

The Trans-Atlantic Slave Trade: T

Erevan an Libera : Piccte i 2 ( ne.



SUMMARY:

Working out of The Office of the President, in a team under the direct supervision of Mather Leigh
Inc., the Development Associate provides support for all COB fundraising activities. The Development
.Associate position is a ‘traineeship’ that provides a comprehensive foundation of experience fo

these wishing to build a career in higher education advancement. The Development Associate
participates in all fundraising activities including prospective donor research, prospect cultivation
activities & events, donor information/record meee sie donor stewardship, donor correspondence
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.

1. Supports and ensures delivery on a select segment of COB fundraising activities.

2. Provides support and assistance on the process of identifying, cultivating, soliciting, and

stewarding major donors and prospects including individuals, corporations, and foundations,

through strategy based visits and other forms of direct personal contact.

Provides support to the maintenance of the prospect pipeline.

Assists the Director of Development in educating faculty and staff in respect of the roles they

can play supporting development generally.

5. Supports the management of a select cohort of volunteers and strategic support in their cultivation
and solicitation of major donors and prospects. Coordinates volunteers’ activities to ensure thei
integration into The College’s vision and goals.

6. Helps to maintain the prospect management database and other institutional resources to ensure

’ appropriate management of donors, prospects, alumni, and volunteers in coordination with

i College objectives.

7. Conducts research to identify prospects and works with the Director of Development to create
strategies to match prospects’ interests to the priorities of The College.

8. Conducts preliminary research to identify prospects in support of briefing note preparation and

9

Oo

prospect identification.
. Assists in the implementation of programmes and activities designed to increase the visibility

of the AR&D Office and The College to internal and external constituencies.

10. Represents COB at various community and business meetings, including externally to funding
agencies.

11. Supports the Director of Development to build and maintain donor and prospect files in support
of prospect pipeline and prospect moves.

12. Conducts internal and external research/fact gathering in support of funding proposal development.

13. Provides follow up support on internal requests for fundraising support from AR&D Office.

14. Provides support on production fundraising reports and other database reports as needed.

15. Provides coordination and support on donor/prospect events.

16. Maintains list of donations received for Council reporting purposes.

17. Assembles donor kits for events and meetings.

18. Other duties as assigned

19. Works with the Director of Alumni Relations & Annual Fund to directly assist with the solicitation
of leadership level annual fund gifts and on the interface between special and major gift fundraising
and the alumni population.

20. Performs miscellaneous job-related duties as assigned.

KNOWLEDGE: SKILLS, AND ABILITIES REQUIRED:
Ability to conduct research, gather data, analyze information, and prepare effective, accurate,
and timely reports and other documents to support development objectives.

e Demonstrated mastery of major business and prospect research databases and general database
software such as Microsoft Excel with concomitant database management skills.

e Excellent interpersonal skills and the ability to interact effectively with academic leadership,
faculty, prospects, donors, and volunteers in a wide range of roles.

e Ability to write proposals, solicitations, correspondence, reports, and other materials in support
of development activities independently;

¢ Ability to exercise good judgment, to demonstrate an understanding of ethics related to
development activities, and to use discretion in interactions with donors, prospects, volunteers,
and others.

¢ Ability to work effectively within a team environment.

e Demonstrated organizational skills and experience in managing events and other complex
activities in support of development objectives.

e Willingness and availability to travel and to work extended hours as necessary. $

The above 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 Director of Development.

MINIMUM JOB REQUIREMENTS:

Bachelor’s degree

Prior fundraising, sales or marketing experience a must
Demonstrated ability to plan and strong communication skills
Excellent computer skills expected

Ability to meet deadlines with minimum supervision.

IN ADDITION, THE SUCCESSFUL CANDIDATE WILL HAVE:

Demonstrated ability to network in a professional or personal setting

Be a self-starter and able to work independently

Proven track record in fund raising, sales or marketing Excellent interpersonal and communication
(written and verbal) skills

Demonstrated ability to present information concisely and effectively, both verbally and in writing
Demonstrated ability to organize work and to manage competing priorities and deadlines
Demonstrated proactive work ethic and ability innovate, set and meet goals

Proven accuracy and attention to detail

Proficiency in Microsoft Word, Excel PowerPoint, Access

Database maintenance and data entry experience

Willingness to work occasional extended hours and on Weekends

A team player and overall pleasant disposition

Commitment to confidentiality

eeeeeees92e¢

Compensation is commensurate with qualifications and experience.

The above 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 Director of Alumni Relations & College/University Events.

Please visit our website at www.cob.edu.bs for more information about The College and to access
The College’s Employment Application Form.

Interested candidates should submit a College/University of The Bahamas Employmen
Application, a Comprehensive Resume and up-to-date transcripts, along with three work
references no later than July 31, 2007 to:

The Director, Human Resources
The College of The Bahamas
P. O. Box N-4912
Nassau, N. P,

The Bahamas
hrapply@cob.edu.bs
THE TRIBUNE



Looking rye TCL Oma meek La
CMAN ea Ie Bg

The College of The Bahamas Culinary &

Hospitality Management Institute
Announces



CHMI Lit’! Chefs Summer Programme
Ages 10 to 14 Years
Nassau / Freeport Campus
July 16 — 20, 2007
Sessions 9:00am to 3:00pm daily

High Quality Programming: Participants work with trained Chef Instructors
in an industrial kitchen environment and gain exposure to the exciting, challenging
and rewarding field of culinary arts.

High Point: On day five of training each student will prepare a three-course
meal and serve two-invited guests.

Award and Gift: Certificate of Participation, a Chef’s Hat and Apron
embroidered with the COB logo and CHMI Lit’! Chefs Summer Programme.

TOPICS: Basic knife skills; vegetable cuts; stocks, soups and sauces; basic
cooking methods; Personal health, safety and hygiene; sanitation; food
presentation and service.

Monday - July 16
Tuesday - July 17
Wednesday - July: 18
Thursday - July 19
July 20

F ah -

ne Thirty 0) Hours of eines in’ tal oo
Number of Students. per Cohort: 15 (Nassau/ Freeport
Fee per Student: $165.00 (ingredients and materials included)



FINALE: Top student from each cohort will be featured at the Ministry of
Tourism’s Junkanoo Summer Festival Cooking Demonstration July 28, 2007,
Arawak Cay. Each will have an hour and a half to demonstrate the preparation
of one of the menu items they learned to prepare during the programme.

Our programme can help our young chefs to polish listening skills, follow
instructions, develop self-reliance and teamwork and acquire some pretty good
_ skills in the kitchen. You never know. This could be the ete an exciting
career. vit reginulos Ges ies s Pere Seana
00 .\

ste

| The College ai The Baran ‘Muni iiscpclalion

Hall of Fame



What We Are About

The Alumni Association Hall of Fame was established in spring of 2001 by the

Executive Board of the Association. The purpose is to fecognize annually a COB

~_ alumna/alumnus who is making significant contributions to the development of The

Bahamas. It is envisioned that honoutees will play a major role in the fundraising
_ efforts of the Association.




















MEMBERS

~ On May 11, 2001, the Alumni Association named Bishop Neil C. Ellis, Pastor,
~- Mount Tabor Full Gospel Church as its first inductee. Subsequently named were

Larry Gibson, a financial services expert (2002): Laura Pratt-Charlton, a pharmacisl/
~ entrepreneur (2003); Tanya McCartney, an attorney and a former member of-
- the Senate (2004), Vernice Walkine, Director General of Tourism (2005) and
— Superintendant of the Royal Bahamas Police Force, Keith Bell (2006).

a Each honoutee is presented with a 36” Silver European Cup, which symbolizes his
of her outpouring of inspiration that causes others to thirst for “knowledge, truth
“lary Gibson « mee: = and integrity , the values promoled by The College of The Bahamas and reflected

== __ inthe institution's motto.

Hail of Fame Award Criteria: ©

_ What It Takes to Be Nominated and

Become a Member of The Hall of Fame.

The Alumni Association of The College of The Bahamas views induction into ils Hall
of Fame as its highest honour. It is a designation extended to individuals whose
lives are the hallmark of The College’s motto “Knowledge, Truth, Integrity.”

Laura Pratt-Charlton + 2003

To be considered for the Alumni Association Hall of Fame, nominees must

+ Have distinguished themselves as students, academically and socially, while at
The College of The Bahamas

¢ Be among the best in their chosen fields of endeavour, displaying SE Ee
conduct that stands as an example to others.

¢ Bea leader and relentless worker whose success benefits co-workers, those they
supervise or employ and the community in general

¢ Excel in civic outreach and make a contribution to society that is easily visible
within their fields and the wider scope of Bahamian life

4 © Exhibitstrengthofcharaclerthattranslates generallyinto communily strengthening,
Vernice. Walkine ‘ » 2005 -— __ personifying their alma mater’s motto “Knowledge, Truth, Integrity.”
¢ Be nominated.

Tanya C. McCartney * 2004

The Hall of Fame Award Nomination Form
may be obtained from
The Office of Alumni
Administration Block
Oakes Field Campus

Or may be downloaded from www.cob.edu.bs
All nomination forms, along with a current portfolio and photograph,
must be submitted by Monday, 31st July, 2007.
For more information, please call the Office of Alumni at 302-4365/6.
Portfolio Size: Five (5) pages * Font size: 12 pt ¢ Paper 8.5 inches X 11 inches





COLE

Visit our website at www.cob.edu.bs

SEEKING NOMINATIONS.














MONDAY, JULY 16, 2007, PAGE 9B

{HA MAS ©

NING BAHAMIANS

a




7 Rainforest: Theatres
Meacham Nassau Resort c

Mem se ceit-leetteye)

TR il et Bujo Kevin Tt Ca re Nicki Gonzalez

FABULOUS MUSIC
GOURMET DINING

TICKETS ON SALE AT ’
, ‘CHAPTER ONE BOOKSTORE and |

in THE OFFICE OF COMMUNICATION, Block A
Oakes Field Campus —





ALL tickets sold for the June concerts | For reservations,

will be honoured.

Gala Concert and Dinner - $175
General Admission - $50

Faculty - $30

Student Admission (with COB ID) - $25






sponsorship opportunities:
and further information,
please call

Office of Communication

at telephones
302:4304/4353/4354/4366 |

Te Bee

if Jazz Under the Stars
on Nassau Resort

.PLATINUM SPONSOR
amas Electricity Corporation
“= GOLD SPONSOR
TCE EU Erm a
; See) 1 802 et)
. ener Telecommunications Company (BTC)
The he Ltd

Executive Producer - Patricia Glinton-Meicholas
Show Producer - Roscoe Dames “Mr Jazz”
PAGE 10B, MONDAY, JULY 16, 2007

THE TRIBUNE



Share your news

The Tribune wants to
hear from people who
are making news in their
neighbourhoods.
Perhaps you are raising
tunds 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.






















lan

Winpoine Bay
ABACY, BAKANAS

_ Construction Project Manager

¢ Minimum 5 years experience in construction
management

e Working knowledge of timber and masonry
construction methods

e Proficient in reading and understanding construction
plans

e Proficient in performing material take-offs and placing
material orders

e Working knowledge of construction materials

e Proficient with Microsoft Word and Excel

e Good communication skills

Warehouse Manager

e 5-10 years experience managing a large warehouse

© Working knowledge of accounting aspect of Warehouse
Management

¢ Computer savvy including proficiency with Microsoft
Word and Excel

© Solid day-to-day decision maker

¢ Good Communication skills with both upper
management and labour

@ Working knowledge of construction materials

Resume should be sent to Nick Sims, Development
Department, The Abaco Club on Winding Bay, P.O. Box .
AB-20571, Marsh Harbour, Abaco or fax #242-367-2930













Duties include:







- control of the job reportees.












clients.





service high net work clients/intermediaries.




Candidates should possess:







and control management







Spanish speaking skills would be an asset



Excellent salary & benefits








P.O. Box N-7768
Nassau, Bahamas
Fax: 325-0524



July 20th, 2007

member of the OQNB Croup

The Ansbacher Group, specialists in private banking, fiduciary services and
wealth Management has an opening in The Bahamas for the position of

CLIENT RELATIONSHIP MANAGER

¢ Management and motivation of a small team of relationship officers
providing guidance, supervision, performance, personal development &

¢ Having accountability for the relevant team’s performance - ensuring
the teams objectives and developments are up to date.
Cross-selling the group products in conjunction with organizations goals.

¢ Acting as.the main contract for clients on your relevant-portfolio: sourcing,
collating and managing all their needs either internally or externally.

Working within ¢ a closely regulated environment offer financial input to

‘Implementing case management strategies, together. with the ability to

ACIB or ABIFS diploma or degree in Banking or a related business field

Seven or more years of management experience, ideally covering banking

¢ Proven leadership, interpersonal and strong motivational qualities

Strategic awareness with in the private banking industry

Please send all resumes to the attention of:
Human Resource Manager
Ansbacher (Bahamas) Limited

Email: hrmanager @ansbacher.bs

Deadline for all applications by hand, fax or email is

Freeport Concrete chief

refer to the headline in
The Tribune’s business
section on July 6, 2007,
which read as follows:

LICENSEES TO SEEK
‘MILLIONS’ IN CUSTOMS
DUTIES REFUNDS

Chamber chief: Verdict gives
Home Centre competitive
advantage by bringing in all
inventory as bonded

‘Rivals to seek legal advice,
as end to pre-paid duties would

' provide huge business cash

flow boost

I am the president and chief







executive of Freeport Concrete
Company, which is the parent
company of the Home Centre,
and I feel duty bound to
respond to certain statements
made by Christopher Lowe in
this article.

From the headline in the
article, it appears that he is
making these statements as the
president of the Grand
Bahama Chamber of Com-
merce, an organisation of
which Freeport Concrete
Company is a member. Rather
than making bold statements
that the verdict gives the
Home Centre a competitive

Qualifications:

preferred

Remuneration:

(Note:



LETTER TO THE BUSINESS EDITOR



advantage, he, as the president
of the Grand Baham Chamber
of Commerce, should be con-
gratulating us.

Since September 2006 when
the Home Centre opened,
after successfully winning an
injunction against Customs to
allow us to operate until such
time as the judicial review took
its course, I have read and
heard much from Mr Lowe
about bonded goods in
Freeport.

To be honest, I am not sure
which side of the fence he is
on. My best guess is that he is
sitting on the fence. When it
suits him and his company,
Kelly’s Freeport, he is for it,
and when it doesn’t suit his
company he is against it. As
the president of the Grand
Bahama Chamber of Com-
merce he should know which

SEE next page

“Where Our Quality & Experience Shine!”

Specializing in:

Roofing, Home Maintenance, Painting & Varnishing,
Pressure & Mildew Cleaning, Roof Painting, Water
_ Proofing, Plumbing, Window Cleaning, Drywall
~~” Installation, Replace Rotten Woodwork, nse
Laminate Floor, Tiling, Repair
Cracks to Concrete Walls

LEROY TUCKER - Proprietor
Tel: 242-325-5633, 242-425-8580 * P.O. Box SP -60315

LEGAL NOTICE

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No. 46 of 2000)

GOODWICK INTERNATIONAL LIMITED
IBC NO. 13,698 B (In Voluntary Liquidation)

NOTICE is hereby given that in accordance with Section 131 (2) (a) of
the International Business Companies Act No. 46 of 2000, GOODWICK
INTERNATIONAL LIMITED is in Dissolution.

Any person having a Claim against GOODWICK INTERNATIONAL
LIMITED is required on or before the 22nd day of August, 2007 to send
their name, address and particulars of the debt or claim to the Liquidator
of the Company, or in default thereof they may be excluded from the
benefit of any distribution made before such claim is approved.

Kuttikatt Samuel Verghese, of Villa 19, Gate 1217, Road 1832, Barbar
518, Kingdom of Bahrain, is the Liquidator of COODWICK

INTERNATIONAL Sees

FIRSTCARIBBEAN
INTERNATIONAL BANK
CAREER OPPORTUNITY

Sor

Human Resources Manager
Nassau, Bahamas

e Bachelor’s degree in ee field (Mandatory) — Masters Degree

e 5-10 years experience in Human Resources (HR). A broad
knowledge/experience base in several HR areas (e.g. consultation,
recruiting, employee relations, etc.)

° Knowledge of employment law and industrial relations

° PC skills: Advanced Excel and Word mandatory

General Responsibilities (not all inclusive):

v%& Employee Relations - Provide guidance to managers & supervisors
in supporting proactive HR plans, products or activities. The incumbent
will develop an understanding of the client’s business and a relationship
with managers & supervisors and other staff within the client units
by maintaining a close consultative relationship

Y In consultation with the HR Head, provide input into strategies,
palicies, procedures and new initiatives to ensure they are consistent
with overall Bank strategy and objectives

Â¥ Provide operational management of on-going activities in the delivery
of services (compensation, HR pdininisttacen) including the
supervision of some HR staff

VY Provide support to the HR Business Partner in all IR negotiations and
strategy development

Y Responsible for all entry-level recruitment including management of
requests from the business and the FirstStart Initiative

V Provide guidance and counsel on hiring and discipline practices

Y Plans human resources activities and ensures they are carried out to

service standards

e Salary commensurate with management position at the FC Level 6

1 - 11 job levels)

¢ Benefits- attractive salary, six weeks vacation, preferred loan rates,

_ employee share purchase plan, variable incentive pay (bonus), medical
scheme, pension benefit.

Applicants are requested to submit their resume with a cover letter via
email by July 23rd , 2007 to: siobhan.lloyd @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 Bahamians only.





















































































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THE TRIBUNE

»- MONDAY, JULY 16, 2007, PAGE 11B





responds on bond ruling

side of the fence he is on, and if
he is on the side of making it
better to do business in
Freeport he should fully sup-
port us, and give us thanks and
praise for actually winning this
judgement.

In the article, the following
statement was attributed to
him: “The verdict has given the
Home Centre’s business a
tremendous boost because it
did not have to pay any cus-
toms duties on its inventory,
which was being brought in
entirely bonded.”

This is not correct.

The Home Centre has paid.
customs duties up front on
numerous items that, prior to
this judgement, were regard-
ed as being ‘consumable
stores’, and therefore not being
capable of being sold bonded,
such as housewares, certain
size televisions, vacuum clean-
ers etc. What Mr Lowe failed
to say in the article is that his
company, Kelly’s Freeport,
also brings in bonded goods,
just like the Home Centre,
whereby they do not pay any
customs duties up front, or
even at all, if they sell these

LEGAL NOTICE

NOTICE

|

|

WHA RYUN ENTERPRISES
| LIMITED
Bs

Notice is hereby given that in accordance with Section 137
(4) of the International Business Company Act (No. 45 of
2000), WHARYUN ENTERPRISES LIMITED has been
dissolved and struck off the Register according to the
Certificate of Dissolution issued by the Registrar General

on the 5th day of June, 2007.

Mr. Paul Fears
c/o Helvetia Court
South Esplanade
St. Peter Port
Guernsey, GY1 4EE
Liquidator




for the position of









and experience:







not mandatory.




























items bonded to other Grand
Bahama Port Authority
(GBPA) licensees.

We have ho axe to grind
with Customs. We were forced
to do what we had to do back
in September 2006, as Customs
were refusing to allow us to
open up our Superstore unless
we paid customs duties on our
entire inventory. If we had
done this then everything in
our store would have been
duty paid, and as 70 per cent of
our business is bonded sales to
other GBPA licensees, this
would have effectively finished
us off and handed the majority
of our business to Mr Lowe at
Kelly’s, who is allowed to bring
in both bonded and duty paid
goods.

I might add that had this
happened, over 100 Bahami-
ans would have been out of
work and over 700 Bahamian
shareholders in our company
would have seen their invest-
ment wiped out.

Obviously, as president and
chief executive of this company
I could not let this happen,
which is why it was necessary
to retain Gregory Moss, of



The Ansbacher Group, specialists in private banking, fiduciary
services and wealth Management has an opening in The Bahamas

SENIOR CLIENT ACCOUNTANT

To accurately and promptly prepare periodic financial statements for
a case load of Trust and Companies. Maintain the accounting records:
in accordance with International Financial Reporting Standards. |

The successful candidate must have the following qualifications

* CPA certification with at least 2 years post qualification experience
* Previous client accounting experience would be preferred but is
As a Senior Client Accountant you will be expected to be self
motivated, have the ability work independently and have good

written and verbal communication skills

¢ An in-depth, knowledge of Trust Accounting and experience with
complex fiduciary structures would be an asset.

¢ Computer literate with high proficiency in Micr osoft Office
Applications (Word, Excel, Outlook)

Salary commensurate with experience and ability
Excellent salary & benefits
Please send all resumes to the attention of:

Human Resource Manager
Ansbacher (Bahamas) Limited

P.O. Box N-7768
Nassau, Bahamas
Fax: 325-0524

Email: hrmanager @ansbacher.bs

Deadline for all applications by hand, fax or email is

July 20th, 2007

member of the OQNB Group

Moss & Associates, to file an
injunction against Customs to
allow us to open and continue
to operate while the judicial
review process took place. For-
tunately, the judicial review
proceedings ended with a rul-
ing in our favour and here we
are today.

When we went through the
planning stages of this new
Superstore, our main goal was
to have a store in Freeport that
was on par with a Home
Depot or Lowes in the US,
with excellent prices so that

Bahamians in Grand Bahama
would be'able to enjoy a great
shopping experience and spend
their dollars here at home. We
are on our way to achieving
that, and we can offer good
prices because we are allowed
to bring in bonded inventory
and display it on our shelves
just like in the US. We have
an excellent point of sale pro-
gramme that keeps track on
all items that have been
brought in bonded and sold
duty-paid, and in the five years
that | have held the position
of chief executive of this com-
pany we have faithfully paid
customs duties each and every
month. In fact, Customs offi-

cials complemented us on this’

matter when this whole
episode started back in 2006.
When the injunction hap-
pened and the judicial review
process started over nine
months ago, we knew this
would be a landmark case
when it went to court.
Whichever party won, we
knew it would impact on busi-
nesses here in Freeport. We
are delighted that it went in
our favour, and this can only
be good for all GBPA



licensees as it levels the playing
field.

I would recommend to all
businesses in Freeport that
they get a copy of the 65-page
judgement in this case, so one
can get the real story on the
whole matter. It is by no means
a simple decision, as some wish
to convey. Rather, it is quite
encompassing and the long-
term effects on our community
will be positive and good for
trade in Freeport.

This ruling will allow us in
Freeport, which is already a
duty-free zone, to compete
more effectively with US busi-
nesses that are selling to our
licensees. Rather than all the
funds going to the U$, we all
would keep a majority of the
funds here in our own econo-
my.

We believe in open trade
and that competition is good
for Freeport, as it reduces the
cost of goods to our contrac-
tors and related businesses,
which in turn reduces the cost
of construction and all con-
sumers gain. In our opinion,
prices have been kept high for
far too long, and is not helping
the community during these
tough economic times.

With regard to going back
in time and trying to recoup
monies that have been previ-
ously paid, we would all like
to benefit from this. However,
it is not practical, nor have oth-
er companies in past Customs
judgements, to the best of our
knowledge; gone back in time
to try and threaten to collect’
previously paid funds. Most
people would say ‘Hooray’ and
thank the courts in that they
didn’t have to go through all
the time, costs and litigation,

RTT
aE Taam
Dea C














Qualifications:














OPCO.

Remuneration:

(Note:

General Responsibilities (not all inclusive):

° Deliver planned targets by aggressively growing the book of profitable
business and increase the relative contribution of the Corporate Banking
to overall business profitability.

e Enhance and strengthen the reputation of FirstCaribbean International
Bank and the Corporate Division in markets by developing and
maintaining an external network of key stakeholders, prospects,
community involvement, and playing a key role in the business
community at large.

¢ Effectively lead and mentor the team of business development and
relationship managers who originate and provide business solutions
to clients in the corporate and commercial markets in the Bahamas

and then move on to take
advantage of the cost savings
for itself and its customers.
Ray Simpson,
President and Chief

Executive Officer,
Freeport Concrete
Company Ltd
July 13, 2007

CHIEF OPERATING OFFICER

A large company in the hospitality industry with
offices based both in the USA and The Bahamas is
looking for a Chief Operating. Officer with strong
business skills; experience in the hospitality, industry

a plus.

RESPONSIBILITIES

¢ Business planning and development

¢ All operational functions for the business.

¢ Staff supervision, training and development

° Liaising with bankers, lawyers and accountants.

MINIMUM REQUIREMENTS

Bachelor’s degree in Business Management
10 years experience in Management.
Computer literate: Knowledge of QuickBooks &

Microsoft Office.

Strong organizational skills, including the ability
to prioritize, multi-task and work effectively with

no supervision ©

Independent and self motivated
Excellent communication, planning and analytical

skills

Experience managing a team

Salary commensurate with experience.

Please send resume to:

Coo

P.O Box CB-13335
Nassau, Bahamas

Sor

Director, Corporate Banking -
Bahamas OPCO

¢ Graduate status with minimum of 7 years experience in the
business/financial

° Ability to work effectively within and across complex matrix structures.

° In-depth understanding of Corporations business, financing solutions,
issues and challenges.

¢ A solid record of results, in business development, relationship
management and leading relationship management teams.

¢ Focused and motivational leadership skills to galvanize a team to work
collaboratively and effectively for customer value and profitability.

° High level of understanding of the markets, geographic, macro economic
and global factors impacting our client base.

¢ Superior ability to interpret complex corporate client needs and to

assemble innovative value-adding solution that achieve Client objectives,



FIRSTCARIBBEAN

INTERNATIONAL BANK
CAREER OPPORTUNITY






























e Salary commensurate with management position at the FC Level 11

| - 11 job levels)

e Benefits- attractive salary, six weeks vacation, preferred loan rates,
employee share purchase plan, variable incentive pay (bonus), medical
scheme, pension benefits.

Applicants are requested to submit their resume with a cover letter
via email by July 23rd , 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.










































PAGE 12B, MONDAY: JULY 16

PsA SR Ny cer aw NAR



One Stop Shop Busi ness Ser

* Business Plans

ot il, Aécounting & Marketing
I+ Ouicklooks Accounting | nays
| * Entrepreneurship/Business Atgimt,
* Business Consulting (per liour)

Log ont Www omarkturnquestcons



NOI 1CkK

TURVEY CORPORATION

f
votre 18 hereby given that ta aé lance with
Secuion. 138 (8) of (he Hrile ration i] Business
Compames Act 2000; the dissolution ol
PURVEY CORPORATION has been. completed: a
Certificate of Dissolution Has beer msucd and the.
ARG SA { PP TN¢
a iquida {

Company has therefore beem struck ofthe



CASTLEROCK INTERNATIONAL LTD,

(In Voluntary Liquidation)

|
a4 ‘ |
NOTICE ; |



Notice is hereby given that the above-named Company
is in dissolution, which commenced an the 9ih day
of July 2007. The Liquidator is Aradsa Corp. Inc, PO
Roy N-7757 Nassar Baharia: . oaf
; ) UT ARROSA CORPUNG .

S/T 610 FORA IOs














THE TRIBUNE

or alive’ bankruptcy/

iquidation laws —

FROM page I

“ATE put into administration and
receivers — usually a team. ol
accountants — called in to see if
the company can be salvaged

While administration freezes
a company: s debts the busi
ness still requires Chough mon
ey and cash flow to fund its
continua Oped tions while
the receivers try to work oul
a solution They will uegoliate
with creditors in an atleupt to
seek a settlement of the com
pany’s debts, often foi less than
the full dollaivalue of what ts
owed, but are often forced to
liquidate companies Hoo solu
hon can be woiked out.

the Baliamus has seen 4
nuinbet of bigh-protite
recetverships and liquidations
in recent years. Arhong them

bearnis

was Crladston:
was put into the care of
receivers PricewaterhouseC-

For the stories
behind the news,
read Insight
Pelt



Which’



oopers (PwC) Bahamas. The
firm was ultimately liquidated
after no solution for its debts
was worked out, and it was
realised that the chicken farm
business model was not viable.

PwC (Bahamas) accountant
Wayne Aranha is also the
joint-receiver for Emerald Bay
Resort Holdings, the vehicle
that owns the Four Seasons
Emerald Bay Resort, along
with a London-based PwC
partner, Russell Downs.

PwC were appointed as
receivers by the resort’s main
creditor after Emerald Bay
Resort Holdings failed to sell
ihe property and defaulted on
its debt repayments in April
2007. The PwC duo are now
trying to find a buyer for the
Four Seasons Emerald Bay
Resort, a sale being a common
solution tor distressed, indebt-
ed and insolvent companies.

There have been numerous
other Bahamas-based busi-
nesses, large and small, that
have faced financial difficul-

_ties and either been sold or

gone into liquidation.

Mr Smith, though, said the
lack of bankruptcy/liquidation
protection for Bahamian com-
panies acted as a disincentive
for entrepreneurs, and meant
many business ideas were

killed off before they started

to bear fruit.

“If we have more sensible
bankruptcy legislation, busi-
nesses could more easily sur-
vive, regroup and regenerate,

avhich is what happens in the

US under Chapter 11,” Mr

Smith said, pointing out that

in the US indebted companies
were given much more time
and easier terms under which
to sort out issues with credi-
tors.

A prime example of this,
which had implications for the
Bahamas, was Winn-Dixie, for-
mer owner of Bahamas Super-
markets, which went into
Chapter 11 bankruptcy pro-
tection and has since emerged,
at least in theory, as a leaner,
more profitable business.

The $54 million sale of its 78
per cent stake in Bahamas

Supermarkets to the BSL ©

Holdings buyout group proved
a key step in its re-emergence
from bankruptcy.

Mr Smith said of the need
for a Chapter 11 equivalent in
the Bahamas: “If we had such
legislation, the Driftwood
Group of Companies in
Freeport would not have been
at the mercy of Lehman Broth-

ers, and the economy of |

Freeport would not have been
condemned to a recession for
the last four years as a result of
one large, important hotel
operation having to close down
because it could not pay its
debts.”

Driftwood (Freeport) closed
the Royal Oasis resort in the
aftermath of Hurricanes

. Frances and Jeanne in Sep-

tember 2004, leaving behind
more than $22 million in debts.
The property was taken over
by its mortgage holder,
Lehman Brothers’ private

equity arm, and has been »

closed ever since as attempts
were made to sell the property.

FIDELITY

invites applications for the position of

‘vehicles for Bahamas-based

Ms Smith said that if the.’
Bahamas had emulated US».
laws, Driftwood (Freeport) s
would have been able to “file
for Chapter 11, get protection
from Lehman Brothers, Royal «;
Oasis staff would still have had’ :
their jobs and creditors would.’
still have been paid. As long”
as there’s some cash flow, they.
could still have operated”.

Previously, Mr Smith had |
called for foreign investors
operating in the Bahamas to .
guarantee the financial obliga- |
tions of their subsidiaries in '
this nation, or put up some |
form of performance bond. |

This, he argued, would pro- |
vide protection for Bahamian |
companies doing business with

- these subsidiaries, which were |

often little more than “shell |
companies” that had no assets ,
of their own.

Often set up as special pur-
pose vehicles or off-balance j
sheet entities, for the specific
purpose of acting as holding

investments, many times they
acted as little more than con-
duits for funneling investments
into projects and taking divi- |
dends out. j
Mr Smith said that he had
acted in many cases where —
Bahamas-based businesses
were owed “hundreds of thou-
sands of dollars” by investors
who had walked away from
their projects. As their entities .
here had no assets, Bahamian

_ creditors had no protection. ,

and nothing to claim against»
when they defaulted on their |
debts, he argued. \



SENIOR INTERNAL AUDITO

Senior Internal Auditor
SUMMARY:

In this highly visible position you will be part of a small team
performing audits on the banking, insurance and securities principles
and practices of the Fidelity Group of Companies.

RESPONSIBILITIES:

¢ Conducting meetings and interviews with all levels of

management and personnel

e Performance of thorough studies of ee processes for areas
under audit

e Developing specific audit procedures to accomplish the objectives
of the audit to determine whether assets are adequately safe

_ guarded and whether policies, plans, and procedures are complied

with and whether management reports are accurate

e Performance of specific audit tests and thoroughly Sees
work performed in the audit working papers

e Drawing conclusions based on the results of tests Batarinedd

e Arriving at feasible cost effective solutions to problems
encountered and making specific recommendations — S

-e Organizing the audit working papers in a manner conducive to
developing a report on audit results, findings, and
recommendations

¢ Holding preliminary discussions of the audit findings and results
with operating personnel to verify facts and to ensure that every
one has a thorough understanding of the nature, source and
extent of the issue. Also, input and action plans of operating
personnel are obtained

e Preparing reports detailing the audit results, findings, and
recommendations

QUALIFICATIONS:
To be successful in this role you will have a Bachelors degree in
accounting or a Bachelors degree in finance or business administra-
tion with advanced knowledge of accounting principles. You will
have at least 2-5 years of auditing experience and have a good
working knowledge of Microsoft Excel and Word. You will also have
strong written skills, the ability to understand and analyze opera-
tional functions, excellent problem solving skills and excellent inter- |
personal and communications skills.

The Senior Internal Auditor is expected to work towards or havea professional designation
such as CPA or CIA and should be willing and able to travel about 10-15% of the year.

The Senior Internal Auditor reports directly to the Group Internal Auditor. A competitive
compensation package is offered and will include salary, benefits and bonuses.

Send resumes no later than 20th July 2007 to:

Group Internal Auditor

ana

51 Frederick Street

P.O. Box N-4853
Nassau
ry ax 328.1180 .

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THE TRIBUNE



MONDAY, JULY 16, 2007, PAGE 13B

Bank solution to deliver

75 per cent lower costs

FROM page 1

reason why we cannot have the
ACH functioning adequately
by the end of 2007.”

Mr McWeeney said Mon-
tran had the advantage of
knowing how the Bahamian
monetary system worked as a
result of its work with the Cen-
tral Bank of the Bahamas in
previously installing the Real
Time Gross Settlement
(RTGS) system, which deals
solely with major inter-bank
and large customer transac-
tions.

‘The ACH testing would take
place in a ‘go-live’ environ-
ment, and once transactions
were conducted and completed
in a “satisfactory manner”, all
Bahamas-based banks would
be invited to participate in a
process billed to “move swift-

ly”.
Mr McWeeney said: “We're
talking about the entire bank-
ing system coming together
and making an agreement. If
we’d gone with a previous
solution, we’d have spent mil-
lions of dollars without bring-
ing efficiency to the market.

“What we accomplished in
this case is bringing efficiency
to the market at a quarter of
the cost} and the timeframe for
implementation is dramatical-
ly reduced.”

The Clearing Banks Associ-
ation, said Mr McWeeney, was
now preparing documents that

would allow Montran to apply .

for work permits for the spe-
cialised personnel it needed to
bring into the Bahamas for the
ACH project.

Mr McWeeney was respond-
ing to Dionisio D’ Aguilar, the

LEGAL NOTICE

NOTICE

PRIESTER LIMITED

NOTICE IS HERE BY GIVEN as follows:

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

(b) The dissolution of the said company commenced on the
12th July, 2007 when the Articles of Dissolution were
submitted to and registered by the Registrar General.

| (c). The Liquidator of the said company is Credit Suisse Trust,

Bahamas Chamber of Com-
merce’s president, who has
repeatedly called for the ACH
implementation to be com-
pleted.

He views it as a way of
reducing the business commu-
nity’s dependence‘on cash and
cheques, in turn lowering their
attractiveness as criminal tar-
gets and improving cash flow
and payments integrity by pro-
viding early warning of
bounced/bad cheques.

While it had been hoped
that the ACH would be oper-
ational by mid-2007, it now
looks that this deadline has
been pushed back slightly,
based on Mr McWeeney’s
comments.

The Bank of the Bahamas ©

International managing direc-
tor said of the ACH’s benefits:
“Tt will allow the more efficient
transaction of business, con-
ducted in a more efficient man-
ner and absolute fashion.

“The ACH is. specifically
designed in the context of what
we’re doing — to allow the effi-
cient transaction of cheques,
direct debits and direct credits.
We are introducing best prac-
tice international standards
into the monetary system,
which is what is needed.”

Mr McWeeney disagreed

with Mr D’Aguilar’s comments .

that the ACH was necessary

for Bahamian businesses to
_ participate in e-commerce, say-

ing that what instead was need-

ed was a SWITCH system.
“The SWITCH creates the

dynamics in the system, allow-

ing anyone to use any credit
or debit card anywhere in the
system,” Mr McWeeney said.
“The issue of a SWITCH will
more than likely come after an
ACH.”

The SWITCH is thus likely
to be a product of the ACH’s
second stage, as it will allow
all bank branches to commu-
nicate with those from another
institution, and permit
Bahamians to withdraw cash
from any Automatic Teller
Machine (ATM) in this nation,
regardless of whether it
belongs to their bank.

The third phase, Mr

McWeeney said, could lead to -

the creation of a National Pro-
cessing or National Archiving
Centre for the entire Bahami-
an commercial banking system,
where all transactions are
processed and cleared. Cur-
rently, all the banks have their
own separate processing cen-
tres to handle such functions.
Mr McWeeney said the
Bahamas had learned from the
experiences of other nations in
the Caribbean when it came to
implementing an ACH, point-
ing to Barbados, where such a
project had taken seven years.
As a result, the Central
Bank and the Clearing Banks
Association had sought the
“best values system suited to
our economic environment”

and the business community’s

needs.
“I am confident we will have
found a solution that accom-

’ plishes that,” Mr McWeeney

said.

Rue de Lausanne 17 bis, Geneva.

Dated this 16th day of July, A.D. 2007.

Credit Suisse Trust
Liquidator



‘LEGAL NOTICE

NOTICE
HARRIER INTERNATIONAL CORP.

Notice is hereby given that in accordance with Section 137
' (4) of the International Business Company Act (No. 45 of

2000), HARRIER INTERNATIONAL CORP. has been

dissolved and struck off the Register according to the

Certificate of Dissolution issued by the Registrar General
on the, 2nd day of July, 2007.

Ms. Ximena Furtado Cazes
Juncal 1305, 21st Floor
Montevideo, Uruguay
Liquidator



- West Place 1










SINGLE FAMILY
LOTS FOR SALE

Prices Start at
$175,000





For The Exclusive Agents
alk oe
Geoffrey Brown at

325-1406 Or 322-2683 _

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328-1925 or 359-0851



Legal Notice

NOTICE

JEEVESLAND INC.

Notice is hereby given that in accordance with
Section 138 (8) of the International Business
Companies Act 2000, the dissolution of
JEEVESLAND INC. has been completed; a
Certificate of Dissolution has been issued and the
Company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)

_ NOTICE

PRODUCTION (SAMARA) LIMITED

Pursuant to the provisions of Section 137 (8) of the
International Business Companies Act 2000, notice is hereby

given that the above-named Company has been dissolved and |

struck off the Register pursuant to a Certificate of Dissolution
issued by the Registrar General on the 29th day of June,

A.D., 2007.

Dated the 12th day of July, A.D., 2007.

K. L. Floyd

Liquidator of

EXXONMOBIL EXPLORATION AND PRODUCTION
(SAMARA) LIMITED



LAW FIRM

Requires

Legall Secretary

- Minimum four years experience in
Commercial or Litigation practice

- Knoledge of and preparation of
legal documents .

- Shorthand/speedwriting and
organizational skills required

- Attractive benefits

Reply in confidence to:





Email: vacancy50@gmail.com

y names

LEGAL NOTICE

NOTICE
DAILY POWER HOLDINGS LTD.

Notice is hereby given that in accordance with Section 137
(4) of the International Business Company Act (No. 45 of
2000), DAILY POWER HOLDINGS LTD. has. been
dissolved and struck off the Register according to the
Certificate of Dissolution issued by the Registrar General
on the 21st day of May, 2007.

Rustem Limited
Trident Chambers
P. O. Box 146
Road Town, Tortola
British Virgin Islands
Liquidator

LEGAL NOTICE

NOTICE
MARLICO MANAGEMENT LIMITED

NOTICE Is HERE BY GIVEN as follows:

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

(b) The dissolution of the said company commenced on the
12th July, 2007 when the Articles of Dissolution were
submitted to and registered by the Registrar General.

(c) . The Liquidator of the said company is Credit Suisse Trust,
Rue de Lausanne 17 bis, Geneva:

Dated this 16th day of July, A.D. 2007.

Credit Suisse Trust
Liquidator

LAW FIRM

Requires —

- Minimum four years experience in
Commercial or Litigation practice

- Knoledge of and preparation of
legal documents

- Shorthand/speedwriting and
organizational skills required

- Attractive benefits



Reply in confidence to:
Email: vacancy50@gmail.com:

LEGAL NOTICE

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

In Voluntary Liquidation

Notice is hereby given in accordance with Section 138 (4) of
the International Business Companies Act, (No.45 of 2000),
NORWICH INVESTMENT CORP. is in dissolution. Mrs.
Alrena Moxey is the Liquidator and can be contacted at
Winterbotham Place, Marlborough & Queen Streets,
Nassau, Bahamas. All persons having claims against
the above-named company are required to send their
addresses and particulars of their debts or
claims to the Liquidator before 16th August, 2007.

ALRENA MOXEY
LIQUIDATOR

LEGAL NOTICE

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

In Voluntary Liquidation

Notice is hereby given in accordance with Section 138 (4) of
the International Business Companies Act, (No.45 of 2000),
BAHAMAS COMMODITY SYSTEMS (BCS) LTD. is in
dissolution. Mrs. Alrena Moxey is the Liquidator and can +
be contacted at Winterbotham Place, Marlborough & Queen
Streets, Nassau, Bahamas. All persons having claims against
the above-named company are required to send their names
addresses and particulars of their debts or claims to the
Liquidator before 16th August, 2007.


PAGE 14B, MONDAY, JULY 16, 2007
GN-531



SUPREME COURT

SUPREME COURT
PROBATE REGISTRY
P.O. BOX N-167 :
Nassau, The Bahamas ;
July 19, 2007 :
i of the Islands of the Commonwealth of The Bahamas,

i deceased.

Probate Division

_ 2007/PRO/npr/00310

: NOTICE is hereby given that after the expiration of
: fourteen days from the date hereof, application will be :
: made to the Supreme Court of The Bahamas, in the :

SUPREME COURT :
PROBATE REGISTRY :
P.O. BOX N-167 :
Nassau, The Bahamas :

Probate Division
2007/PRO/npr/00306

July 19, 2007 :

IN THE ESTATE of DORANE ROBERTSON :
CELENTANO, late of 205 Glenmore Street in the Village :
of East Williston in the County of Nassau in the State :
of New York one of the United. States of America, :

deceased

NOTICE is hereby given that after the expiration of ;
fourteen days from the date hereof, application will be :
made to the Supreme Court of The Bahamas, on its ;
Probate Side by WILLIAM P. HOLOWESKO, of Lyford :
Lane, Lyford Cay, New Providence, one of the Islands ;
of the Commonwealth of The Bahamas, Attorney-At- :
Law, the Authorized Attorney in The Bahamas, for :
obtaining the Resealed Grant of Letters Testamentary :
‘in the above estate granted to VIRGINIA R. HECKERT :
AND ROBERT W. HECKERT, the Executors, by the :
Surrogate’s Court of Nassau County, in the State of :
New York one of the United States of America, on the :

13th day of February 1992.

Signed
K Mackey
(for) REGISTRAR

| Southern District, New Providence, one of the Islands
i of the Commonwealth of The Bahamas, deceased. }

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT :
PROBATE DIVISION :

No. 2007/PRO/npr/00307

July 19, 2007 ;

Whereas, JEAN ALLEN of East Bay Street, Eastern
District, New Providence, one of the Islands of the :

Commonwealth of The Bahamas has made application ;

to the Supreme Court of The Bahamas, for letters of :
administration of the Real and Personal Estate of :

GEORGE WILLIAM ALLEN, JR.,

late-of The Eastern :

.. Road;: Eastern: District, New Providence, one of the: +
oalslands | of. the: Commonwealth of The Bahamas, :

deceased. :

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days
from the date hereof.

Signed
Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT :

PROBATE DIVISION !
July 19, 2007 :

No. 2007/PRO/npr/00308

Street, Western District, New Providence, one of the :
islands of the Commonwealth of The Bahamas has :
«made application to the Supreme Court of The :
Bahamas, for letters of administration of the Real and :

Personal Estate of ROBERT L. WHYMMS late of #75 |
Hamilton Street, Mount Pleasant Village, Western :
District, New Providence, one of the Islands of the :

Commonwealth of The Bahamas, deceased.

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days :

from the date hereof.

Signed
Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS |
THE SUPREME COURT |
PROBATE DIVISION |
July 19, 2007 :

No. 2007/PRO/npr/00309

Whereas, ELAINE ARNETT of Amerylis Avenue, New :
Providence, one of the Islands of the Commonwealth :
of The Bahamas has made application to the Supreme :
Court of The Bahamas, for letters of administration of :
the Real and Personal Estate of TORQUIL ARNETT :
late of Amerylis, New Providence, one of the Islands :
of the Commonwealth of The Bahamas, deceased. :

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days

from the date hereof.

Signed
Desiree Robinson
(for) Registrar

; Whereas MICHELLE NEVILLE-CLARKE of Marlin ;
: Drive in the Western District of the Island of New :
: Providence, one of the Islands of the Commonwealth :
i of The Bahamas has made application to the Supreme
: Court of The Bahamas, for letters of administration of :
i the Real and Personal Estate of FREDY GOZALI late :
i of Jalan Matraman Raya Number 60, Rukun Tetangga :
012/002, Kebon Manggis Village, East Jakarata, :

IN THE ESTATE of JON R. RUHLMAN, late of Shoreby
: Drive in the Town of Bratenshl in the Country of :
: Cuyahoga in the City of Cleveland in the State of Ohio :
: one of States of the United States of America, :
i deceased :

Probate Division by WILLIAMS EDGAR PILCHER of :
the Eastern Road, Eastern District of the Island of New :
Providence, one of the Islands of the Commonwealth :
of The Bahamas, Attorney-At-Law, the Authorized :
Attorney in The Bahamas for obtaining the Resealed :
: Grant of entry appointing Fiduciary Letters of Authority :
: inthe above estate granted to BARBARA P. RULMAN :
: the Executrix of the Estate, by the Probate Court of :
Cuyahoga County, Ohio, one of the States of the United :
i Road, Southern District, New Providence, one of the
: Islands of the Commonwealth of The Bahamas has
i made application to the Supreme Court of The
: Bahamas, for letters of administration with the will
} annexed de bonis non of the Real and Personal Estate
; Of ADDINGTON TAYLOR late of The Southern District,
: New Providence, one of the Islands of the |'
: Commonwealth of The Bahamas, deceased.

COMMONWEALTH OF THE BAHAMAS ;
THE SUPREME COURT :
PROBATE DIVISION :
July 19, 2007 :

States of America, on the 12th day of May 2006.
Signed

Desiree Robinson
.. (for) REGISTRAR

No. 2007/PRO/npr/00312

Whereas, GLORIA PATRICIA DAWKINS nee LEWIS :
of Butter Cup Lane, South Beach, Southern District, :
: New Providence, one of the Islands of the :
: Commonwealth of The Bahamas has made application :
? to the Supreme Court of The Bahamas, for letters of :
i . administration of the Real and Personal Estate of DAVID :

DAWKINS late of Butter Cup Lane, South Beach,

Notice is hereby given that such applications will be ;
heard by the said Court at the expiration of 14 days : ;
: Whereas, SHANNELLE SMITH of the Western District,
i New Providence, one of the Islands of the
: Commonwealth of The Bahamas, Attorney by Deed of
: Power of Attorney for the Administrators has made
i application to the Supreme Court of The Bahamas, for
i letters of administration with the will annexed of the
: Real and Personal Estate of JULES FRANCOIS
: JOSEPH JUAN PHILLIPPE MAURICE FERNANDO
i de AMODIO a.k.a. JOHN de AMODIO a.k.a. THE
i: MARQUIS de AMODIO late of 3 rue de L’Eveche,
- COMMONWEALTH OF THE BAHAMAS :
-°PEHE SUPREME COURT
PROBATE DIVISION ::

July 19, 2007 :

: from the date hereof.

from the date hereof.

Signed
Desiree Robinson
(for) Registrar

1 anbe

No. 2007/PRO/npr/00313

Whereas, BERYL ANDREA WILLIAMS of 8 Benson :
Road, Dannottage Estates, Eastern District, New: —
Providence, and SIDNEY ALEXANDER CAMBRIDGE, :
Jr., of No. 9 Chancery Lane, Winton Estates, Eastern :
District, New Providence, both of the Islands of the :
Commonwealth of The Bahamas, Attorneys by Deed :
of Power of Attorney for the Administrator has made ;
application to the Supreme Court of The Bahamas, for :
letters of administration of the Real and Personal Estate :
of MARIA: RENATE KELLERMANN late of Im :
Ziegelwinkel 16,96317 Kronach in the federal Republle

i No. 2007/PRO/npr/00319
i Notice is hereby given that such applications will be :-

; heard by the said Court at the expiration of 14 days : Whereas, SHERYL VINCESS HILTON of Gerald Bartlet
: from wale date hereof.

Whereas, WEALTHEA WHYMMS of #75 Hamilton :

of Germany, deceased.

Signed
Desiree Robinson
(for) Registrar

No. 2007/PRO/npr/00314

Republic of Indonesia, deceased.

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days :

from the date hereof.

Whereas WILLIAM NATHANIEL TAYLOR of Gleniston
: Gardens in the Island of New Providence, one of the :
i Islands of the Commonwealth of The Bahamas has :

Signed
Nicoya Neilly
(for) Registrar

No. 2007/PRO/npr/00315 ©

THE TRIBUNE;

made application to the Supreme Court of The
Bahamas, for letters of administration with the will

annexed of the Real and Personal Estate of CLIFTON |'

HARCOURT TAYLOR late of Gleniston Gardens in the
Eastern District of the Island of New Providence, one

Notice is hereby given that such applications will be |.
heard by the said Court at the expiration of 14 days |

from the date hereof.

Signed
Nicoya Neilly
(for) Registrar

COMMONWEALTH OF THE-BAHAMAS
THE SUPREME COURT
PROBATE DIVISION

July 19, 2007 ||’

No. 2007/PRO/npr/00317
Whereas, SUSAN J. JOSEPH nee ROLLE of Claridge

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days
from the date hereof.

Signed
Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS

THE SUPREME COURT

PROBATE DIVISION

July 19, 2007
No. 2007/PRO/npr/00318

Switzerland, deceased.

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14. days

Signed bag) :
Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT
PROBATE DIVISION
July 19, 2007

! Subdivision, Western District, New Providence, one of
i the Islands of the Commonwealth of The Bahamas has
: made application to the Supreme Court of The
: Bahamas, for letters of administration of the Real and
} Personal Estate of SEAN MARIO HILTON late of Gerald
i Bartlet Subdivision, Western District, New Providence,
: one of the Islands of the Commonwealth of The
: Bahamas, deceased.

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT :
PROBATE DIVISION :
July 19, 2007 :

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days
from the date hereof.

Signed
Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT
PROBATE DIVISION"
July 19, 2007
No. 2007/PRO/npr/00320

i Whereas, VIRGINIA FERGUSON of Pinewood Gardens,
i Southern District, New Providence, one of the Islands
: of the Commonwealth of The Bahamas has made >
: application to the Supreme Court of The Bahamas, for
i letters of administration of the Real and Personal Estate
: of AMOS FERGUSON late of Francis Street, Fox Hill,
: Eastern District, New Providence, one of the Islands
? of the Commonwealth of The Bahamas, deceased.
COMMONWEALTH OF THE BAHAMAS :
THE SUPREME COURT :
PROBATE DIVISION :
July 19, 2007 ;

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 14 days
from the date hereof.

Signed
Desiree Robinson
(for) Registrar

|

1
‘ No. 2007/PRO/npr/00324

THE TRIBUNE

GN-531

‘SUPREME COURT

SUPREME COURT
PROBATE REGISTRY
P.O. BOX N-167
Nassau, The Bahamas
July 19, 2007
Probate Division
2007/PRO/npr/00321

IN THE ESTATE of WILLIAM DENNIS, late of
Van.Buren County in the State of Tennessee,
one of the States of the United States of
America, deceased.

NOTICE is hereby given that after the expiration
of fourteen days from the date hereof,
application will be made to the Supreme Court
of The Bahamas in the Probate Division by
NICHOLAS JOHN ZERVOS of the City of
Nassau in the Island of New Providence, one
of the Islands of the Commonwealth of The
Bahamas, Attorney-At-Law, the Authorized

| Attorney in The Bahamas for obtaining the —

Resealed Letters Testamentary in the above

' estate granted to RUTH DENNIS, the Executrix

of the Estate, by the State of Tennessee,
County of Van Buren, on the 8th day of June
2005.

Signed
Nicoya Neilly
(for) REGISTRAR

COMMONWEALTH OF THE BAHAMAS -

THE SUPREME COURT
PROBATE DIVISION
July 19; 2007

_ Whereas RUBY ELAINE BYER of the Southern

District of the Island of New Providence, one

. of the Islands of the Commonwealth of The
| Bahamas has made application to the Supreme
' Court of The Bahamas, for letters of
, administration of the Real and Personal Estate

of DORA MATILDA HENRY late of Ferguson
Subdivision in the Southern District of the
Island of New Providence, one of the Islands
of the Commonwealth of The Bahamas,

. deceased. *

: Notice is hereby given that such applications
: will be heard by the said Court at the expiration
. Of 14 days from the date hereof.

Sign
Nicoya Neilly
(for) Registrar

SUPREME COURT
PROBATE REGISTRY
P.O. BOX N-167
Nassau, The Bahamas
July 19, 2007
Probate Division
2007/PRO/npr/00325

IN THE ESTATE of CATRIONA MACLAINE

MONDAY, JULY 16, 2007, PAGE 15B



Home Centre eyes ruling cost benefits

FROM page 1

favour.

Mr Simpson said the Home
Centre had been pre-paying
customs duties on items that
prior to Justice Isaacs’ ruling
were regarded as ‘ consumable
stores’ and could not be treat-
ed as bonded, such as house-
wares, vacuum cleaners and
certain-size televisions.

Commenting on the ruling,
which prevents Customs levy-
ing a blanket $738,000 demand
for upfront duties on the
Home Centre in return for giv-
ing its new superstore permis-
sion to open, Mr Simpson said
“this would have effectively
finished us off” as a business
had it been allowed to stand.

This was because it would
have made all products stocked
by the Home Centre duty-paid,
even though 70 per cent of its

’ customer base were GBPA

licensees. The company can
sell products bonded (duty-
free) to these licensees if the
goods are used in their busi-
nesses, and Mr Simpson

implied that the Home Centre
would have lost this advantage
if the ruling went against it.

He said: “I might add that
had had this happened [the rul-
ing gone against it], over 100
Bahamians would have been
out of work and over 700
Bahamian shareholders in our
company would have seen
their investment wiped out.”

Mr Simpson said that in
designing the new superstore,
the Home Centre wanted to
compete with the likes of
Home Deport and Lowe’s in
the US, offering similar prices
that would allow Grand
Bahama residents “to enjoy a
great shopping experience and
spend their dollars here at
home”.

Bringing in bonded invento-
ry and displaying it on store
shelves allows the Home Cen-
tre to match its US competi-
tors on both price and shop-
ping experience.

“We have an excellent point
of sale programme that keeps
track on all items that have
been brought in bonded and
sold duty-paid, and in the five

years that I have held the posi-
tion of chief executive of this
company we have faithfully
paid customs duties each and
every month,” Mr Simpson
said, saying that the Home
Centre had been complement-
ed on this by Customs.

He described the court rul-
ing as a “landmark” that “ lev-
els the playing field” for busi-
nesses in Freeport.

Mr Simpson said: “This rul-
ing will allow us in Freeport,
which is already a duty-free
zone, to compete more effec-
tively with US businesses that
are selling to our licensees, and
in turn, rather than all the
funds going to the US, we all
would keep a majority of the
funds here in our own econo-

y.

“We believe in open trade
and that competition is good
for Freeport, as it reduces the
cost of goods to our contrac-
tors and related businesses,
which reduces the cost of con-

struction and all consumers

gain.
“In our opinion, prices have
been kept high for far too long,

Credit Suisse (Bahamas) Limited

is presently considering applications for a

Senior Accountant — Derivatives & Structured Products .

Credit Suisse is one of the world's premier private banks.

traditional banking services.

It is setting new standards that go beyond
Our dedicated and highly qualified staff provides our clientele with

comprehensive solutions in individual investment counseling and professional portfolio management. Our
total commitment is always'to our clients and we focus without compromise on their financial well-being and

their personal values.

The position is open to eanedates with the following minimum requirements:

Main tasks:

“Preparing all financial statements for derivatives & structured products business of the bank”
Provide expertise in defining accounting treatment for derivative products LOPS; Swaps, etc. ‘)
Assisting in the preparing of reports for Senior management

Assisting in ensuring that all Balance Sheet accounts are substantiated

Involvement in various.investment banking and Group accounting issues and projects

Recommend new products for implementation after receiving sign-offs of above specialized units
Ensure that new products are implemented in a controlled manner and execute implementation review
with IT, Operations and Accounting
Identify potential tisks and suggest improvements regarding controls, systems in use and business ©

management

Work with senior business management to prioritize initiatives _
Support implementation of standard software supplements

Requirements:

e A minimum of five (5) years experience with an oftetiore bank, trust company or accounting firm
e Technical product knowledge of derivatives / structured products MANDATORY: Must demonstrate <"'

Sufficient hands-on work-experience in accounting for derivative products. :

‘Product Control or Finangial Control background required

CPA, CA or equivalent
University degree

Knowledge of US GAAP would be an asset
Good IT skills; familiar with Accounting and IT infrastructure basics

Personal Qualities:

Benefits provided include:

A commitment to service excellence

Ability to work under pressure and with minimum supervision

Good organizational and. interpersonal skills. :

Ability to work independently

Effective communicator and hands-on and proaativa approach
Strong analytical and organisational skills and good sense of control

e Competitive salary and benefits

MBABA ari i SS

APPLICATIONS MUST BE IN WRITING. Persons not rngeting the minimum requirements: need not apply.

Applications should be submitted to:

Human Resources Department
P.O. Box N-4928
-Nassau, Bahamas

DEADLINE FOR RECEIPT OF APPLICATIONS IS JULY 20, 2007

CREDIT SUISSE

Bis =

Pricing Information As Of:

Abaco Markets

Bahamas Property Fund
Bank of Bahamas

Benchmark



and this is not helping the com-
munity during these tough eco-
nomic times.”

Mr Simpson said he believed
it was “not practical” for
GBPA licensees to attempt to
recoup pre-paid duties from
Customs in light of the Home
Centre ruling. He added:
“Most people would say
‘hooray’, and thank the courts
in that they didn’t have to go ~
through all the time, costs and
litigation, and then move on
to take advantage of cost sav-
ings for itself and its cus-
tomers.”

Real estate
eae y hte
five per

Waele
year



FROM page 1

up by five per cent,” she said.

This is particularly true in
New Providence, where the
lowest price is around $60,000
for a lot.

Ms Rahming acknowledged
that real estate prices are
climbing for a variety of rea-
sons, including scarcity of land
supply, consumer demand and
the cost involved in putting in
infrastructure and utilities for
subdivision developments. |

For persons interested in
investing in property, Ms Rah-
ming suggested purchasing in
Exuma or Grand Bahama,
both areas she identified as

‘hot spots’. Nassau is so satu-

rated and small that real estate
prices are going to remain:
high, Ms Rahming said.

“If you look at Freeport, a
property 100 by 100 sells for
about $30-$40,000, whereas
that same piece of property in
Nassau sells for around

* $140,000,” she added:

Similarly, Ms Rahming said

«a parcel of (land ini: Exuma,

sized 80 feet by 120 feet, would
on average cost between
$17,000- $20,000. .

Even so, she said land prices

. will only increase, as that same

sized property on Exuma cost
about $5,000 five years ago.

“So it has more than tripled,” .

Ms Rahming said.
“My advice, particularly for
young people, is if you see

- something that you are inter-
’ ested in, then go and get it

because the price will only go
up if you wait.”

Ms Rahming said it was
encouraging that in her com-
pany, they are seeing many
young couples aged in their
20s, and single women in their
30s, coming forward to make
land and real estate purchases.

However, she pointed out
that she does not see as many
single young men looking for
property or a home.

“Most of the time, they are

- coming in with a strong female

partner,” Ms Rahming said.

0.000
0.400
0.260
0.020

—

GOURLAY, late of No. 54 Bishop’s Court,
Bishop’s Road, Trumpington in the District of
Cambridge in the County of Cambridgeshire
in the United Kingdom, deceased.

Bahamas Waste ' : : i , 0.060
Fidelity Bank . . \ 4 0.020
Cable Bahamas ° i hs A i 0.240
Colina Holdings i 2. des 0.080
Commonwealth Bank i i : : 0.680
Consolidated. Water BDRs B fs i 0.050
Doctor's poepiels i i i re 0.000
Famguard H i : f F 0.240
Finco 3 ; B 0.570
FirstCaribbean z z iM 2 0.470
Focol i r a . z 0.520
Freeport Concrete : ; i i i 0.000
ICD Utilities iT. : H l 0.200
J. S. Johnson ie E .00° i 0.580
Premier Real Estate 0. Z is -16 0.600

NOTICE is hereby given that after the expiration
of fourteen days from the date hereof,
application will be made to the Supreme Court
of The Bahamas in the Probate Division by
KEVIN M. RUSSELL of the City of Freeport
in the Island of Grand Bahama, one of the
Islands of the Commonwealth of The
Bahamas, Attorney-At-Law, the Authorized
Attorney in The Bahamas for obtaining the
Resealed Letters of Administration in the above
estate granted to JAMES RICHARD TEE, the
Personal Representative of the Estate, by the
High Court of Justice, the District Probate
pegery at Ipswich, on the 25th day of April

Bahamas Supermarkets
Caribbean Crossings (Pref)

S2wk-Hi 52wk-Low
Colina Money Market Fund
Fidelity Bahamas G & | Fund
Colina MSi Preferred Fund
Colina Bond Fund

2. 739935**
1.257576*



inds divided by closing price
Bid $ - Buying price of Colina and Fidelity
Ask $ - Selling price of Colina and fidelity _
Last Price - Last traded over-the-counter price
Weekly Vol. - Trading volume of the prior week
EPS $ - Acompany‘s reported earnings per share for the last 12 mths
NAV - Net Asset Value
N/M - Not Meaningful
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

52wk-Hi - Highest closing ie in last 52 Weel
52wk-Low - Lowest closing price in last 52 weeks
’ | Previous Close ~- Previous day's weighted price for daily volume
Today's Close - Current day's welghted price for daily volume
Change - Change In closing price from day to day
Daily Vol. - Number of total shares traded today
DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month earnings

Signed Peas
Nicoya Neilly
(for) REGISTRAR

** ~ 30 June 2007
** -.31 May 2007

** - 30 June 2007


PAGE. 168, ‘MONDAY, sULY 16, 2007 THE TRIBUNE °





We're absolutely overjoyed to accept the Canadian Travel Agents’ Choice Awards for
' . "Favourite Hotel Chain". |





i"

° We did it in style! .With more points than 2nd & 3rd place combined. : ”





° And got a bonus! ...voted “Favourite All inclusive"
_ for the 8th year ina row. —

It's a wonderful moment for the entire dedicated Sandals team, and our Beaches Resort
sister brand, who proudly shares this award with us.

All the Bahamas can join us in celebrating because as always a Sandals victory, is one } is

for the Bahamas.

RESORTS»