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 )
UF00084249_02992 ( sobekcm )

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Full Text





Volume: 103 No.250





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Crown seeking death
penalty for lan Hutchinson
for murder of Jackie Moxey

lm By NATARIO McKENZIE

IN A unanimous decision
yesterday, a Supreme Court
jury found Ian Hutchinson
guilty of the murder of softball
star Jackie Moxey.

The eleven-woman, one-man
jury deliberated for about two
hours before returning yester-
day afternoon with the verdict,
bringing the nearly three-week
trial to a close.

Hutchinson sat emotionless
in the prisoner’s dock as the

verdict was read while family .

members of the deceased
shrieked with joy and struggled
to maintain their composure in
the crowded courtroom.

When Hutchinson was asked
by Justice Jon Isaacs if he had
anything to say following the
jury’s verdict, he shook his head
and said: “No.”

After this his attorney, Mur-
rio Ducille, rose and pointed
out that certain prerequisites
must be in place before his
client is sentenced.

Cheryl Grant-Bethel, lead
prosecutor on the case and
Deputy Director of Public Pros-
ecutions, told the court that the
Crown is seeking to have
Hutchinson receive the death
penalty.

Hutchinson’s sentencing has
been deferred to November 14
at noon.

Outside court Jackie Moxey’s
relatives comforted each other
and expressed satisfaction with
the verdict.

While Hutchinson was being
escorted out of the courtroom
by police to a waiting squad car,
some of Moxey’s relatives

SEE page eight :

‘Court date set’ for inquest
into Daniel Smith death

AFTER months of delays
and legal wrangling a court date
has reportedly finally been set
for the inquest into the death
of Anna Nicole Smith’s 20-year-
old son Daniel.

According to legal sources in
the United States, the inquest
before a magistrate acting as
coroner is now scheduled to
begin on Tuesday, October 30.

A source told The Tribune
that the interested parties in this
case were very grateful to the
Bahamas for finally setting a

SEE page eight








Nick Ut/AP

ANNA NICOLE SMITH pictured
with her son Daniel in 1999.




















































DAPHNE BANNISTER, a

| mother of four, speaks at
Rawson Square yesterday.
She has a son who attends
R M Bailey school and she
says he is fearful about
going to school.

@ By KARIN HERIG
Tribune Staff
Reporter
kherig@tribunemedia.net

AS THE dispute over
police presence in public
schools continues to heat
up, concerned parents yes-
terday took to Rawson
Square to protest at the
removal of officers from
the campuses.

Holding up signs saying
“Stop da Violence”, “Pro-
tect the Children” and
“Protect da Teachers,” the
parents vowed that they
will demonstrate until
government hears their
concerns and stations
police at the schools again.

Taking part in the
demonstration, lawyer and
social activist Paul Moss
said that a police presence
is unfortunately necessary
in schools today — just as
armed officers have
become a necessity in such
areas as international air-
ports,

“When you see those
things you don’t like it,
but the reality is, that is
the world in which you

SEE page 12.






Ned Siegel
confirmed as
US Ambassador
to Bahamas

THE United States Senate has
confirmed Ned Siegel as the 12th
US Ambassador to the Bahamas.

In his prepared statement
before the Senate, Ambassador-
designate Siegel affirmed his
intention to support Operation
Bahamas Turks and Caicos
(OPBAT) to reduce drug and
migrant trafficking through the
Bahamas.

He also pledged to look after
the interests of the millions of
American citizens who visit the
Bahamas, prevent and respond
to terrorism by working with the
government of the Bahamas to
strengthen border security, and
promote prosperity in the

Security guards increase at RM Bailey

@ By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net

uilty of murder

PION CR URN CMO RMON BMD iitntas



Ned Siegel



Bahamas through expanded trade

’ and investment.

Ambassador-designate Siegel
will be sworn in by Secretary of
State Condoleezza Rice in late
October and will arrive in Nas-
sau shortly afterwards to present
his credentials to Governor Gen-
eral Arthur Hanna and assume
his duties as ambassador.



AFTER a four-day sit-out by teachers at R M Bailey Senior
High, the Ministry of Education yesterday agreed to increase the
number of security guards at the school.

The teachers — who staged the sit-out to push for more secu-
rity after an alleged attack on a biology teacher by students —
may be returning to their classrooms today following a staff

SEE page eight



PNG GORY BEB





Gay TV channel
‘would show
homosexuals
are normal’

@ By BRENT DEAN
Tribune Staff
Reporter
bdean@tribunemedia.net

A TV channel dedicat-
ed to gay programming
will allow Bahamians to
experience and see the
lives of gay people, mak-
ing all aware that homo-
sexuals are “normal”
human beings too, it has
been claimed.

Erin Greene, lead
spokesperson for the gay
advocacy group the Rain-
bow Alliance, said this in
an interview with The Tri-
bune yesterday, after a
wave of criticism erupted
on the airwaves in
response to her call for a
gay TV channel in
Wednesday’s Tribune.

Love 97’s radio show
Issues of the Day took on
the topic, with many
callers expressing outrage

SEE page 10

Freeport News
managing editor
making complaint
to police over
libellous e-mail

THE managing editor of
the Freeport News is making
a formal complaint to police
and seeking legal advice over
a libellous e-mail sent to
newsrooms around the coun-
try making “serious allega-
tions” about him.

The e-mail makes two
accusations against veteran
journalist Oswald Brown
which he strongly denies.

When The Tribune con-
tacted Mr Brown yesterday,
he had just been made aware
of the e-mail.

“T wasn’t aware that one
was in circulation,” he said. “I
just saw it for the first time. I
seé who the e-mail is coming
from. I’m going to turn it
over to the police, and see if
they can determine who that
person is. It’s a criminal mat-
ter, they are accusing me of

SEE page 10



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THE TRIBUNE

Union boss threatens

drastic action on GB
to settle disputes

@ By DENISE MAYCOCK

Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - A union leader
has threatened to bring Grand
Bahama to a standstill in
response to the government’s
failure to address the deteriorat-
ing labour relations at the Grand
Bahama Power Company.

“We are not going to let these
matters die. We will be calling
on the labour force on Grand
Bahama to come together as a
unit with the union for a mas-
sive demonstration and shut this
island down if need be,” said
Keith Knowles, president of the
Commonwealth Electrical
Workers Union.

He warned the union is affil-
iated with the Trade Union
Congress and has the support
of BEIMSU president Pedro
Edwards and Sean Bowe of the
BCPOU.

Mr Knowles was speaking
following a demonstration by
Grand Bahama Power Compa-
ny workers in response to what

they say is Labour Minister
Dion Foulkes’ failure to deal
with a number of issues.

On Tuesday, Mr Knowles
and a small group of workers
assembled with placards around
noon in front of the Grand
Bahama Port Authority Build-
ing in downtown Freeport.

Mr Knowles said that the
workers are frustrated as nego-
tiations for an industrial agree-
ment remain at an impasse with
no settlement reached in the
last two years.

Mr Knowles reported that
morale is at an all time low —
the worst he has seen it in his 23
years with the company.

The once good relationship
that existed over the past 20
years between workers and
company has deteriorated and
many workers are now consid-
ering early retirement, he said.

“We are now trying to nego-
tiate packages for workers at
the Power Company — those
that have been with the organi-
sation for many years — who
now wish to separate,” he said.

The Grand Bahama Power
Company employs about 180
workers. Of that number, 128
are members of the CEWU,
and 35 are members of the
Bahamas Engineers Industrial
Managers and Supervisors
Union (BEIMSU).

The CEWU is calling on
Prime Minister Hubert Ingra-
ham, Port Authority CEO Sir
Albert Miller and Maiubeni, the
new shareholders in the Power
Company, to intervene on their
behalf to ensure that their con-
cerns are addressed by the com-
pany.

In early July, the union met
with Labour minister Dion
Foulkes. According to Mr
Knowles, at the time Mr
Foulkes promised that he would
send someone to Freeport in
August to look into the matter.

“That did not happen, and he
also stated that he would come
down. We have not seen him as
yet, and we are now calling on
higher authorities to intervene
and ensure that a settlement is
reached.”

Controversy boosts Anna Nicole book sales

THE mounting controversy
over the latest Anna Nicole Smith
book looks like propelling it on to
the New York Times bestseller
list, according to one of America’s
most respected journals.

Threats of lawsuits from Larry
Birkhead, father of Anna’s baby
daughter Dannielyn, and lawyer-
companion Howard K Stern
have sent sales through the roof,
says US News and World Report.

The magazine says Rita Cos-
by’s book, Blonde Ambition:
The Untold Story Behind Anna
Nicole Smith’s Death, is set to
debut on the New York Times
bestseller list at number 10,
which reflects a high level of
interest in the bookstores.

“It hasn’t shut us down, it’s
helped,” a publishing insider
told the magazine.

Cosby's book makes dramatic

Pee |
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aie: NT

allegations about Birkhead and
Stern — and claims that Anna
Nicole herself was actually more
interested in women than men,
despite her cover girl image.



When it first appeared two
weeks ago, both Stern and Birk-
head threatened libel actions
against the TV journalist and
her publisher.

But she remained defiant,
claiming they would “sue a news-
boy if they could” and that they
were trying to block the truth.

Cosby told The Tribune at the
time: “We stand by the book
and everything that’s in it.”

The magazine’s disclosure
came as another controversy blew
up around Cosby’s book, this time
over an online outlet’s alleged
deletion of negative reviews.

Bloggers claimed the outlet was
cherry-picking reviews, thus deny-
ing readers of adverse comments.

Meanwhile, online sales of
Cosby’s book remained brisk.
with Amazon listing it at nun:-
ber 26 yesterday.

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THE TRIBUNE

THURSDAY, SEPTEMBER 20, 2007, PAGE 3



© In brief

McDonald’s
workers are
robbed at
gunpoint

TWO McDonald's employ-
ees were reportedly robbed at
gunpoint while trying to make a
deposit on Tuesday morning.

According to police, the
employees were leaving
McDonald’s Restaurant on
Thompson Blvd just after 11am
were about to make a bank
deposit when two men armed
with handguns exited a Nissan
Sentra, registration number
189949, and demanded the
deposit bag.

The robbers reportedly
escaped in car with a third per-
son, believed to be the driver.

Police say they have since dis-
covered that the vehicle in ques-
tion was reported stolen on Sep-
tember 15. -

Gunman
takes cash
from laundry
employee

AN employee of Super Wash
on East Street and Soldier Road
reported being robbed by a lone
gunman on Tuesday.

The worker said he was at the
establishment around 8.30pm
when a slim dark man around
six feet four inches tall, dressed
in a brown jacket, blue jeans
and with a white cloth tied
around his face entered.

This man reportedly pro-
duced a handgun and robbed
the company of cash.

Police the robber escaped on
foot heading south on East
Street.

Firearm and
ammunition
are found
by_police..

POLICE report discovering
a firearm and ammunition in an
area of southeastern New Prov-
idence on Tuesday.

After receiving a tip, officers
reportedly travelled to a bushy
area in southeastern New Provy-
idence shortly after 8pm.

There, they found a .38 hand-
gun, and 37 live rounds of
ammunition for the weapon.

Police say no arrests have
been made in connection with
the incident, but that investiga-
tions continue.

Archdiocese
launches
parenting
workshop

AN eight-week workshop on
parenting skills is being
launched by the Catholic Arch-
diocese next week.

Sessions will take place every
Tuesday, starting on Septem-
ber 25, at the Emmaus Centre
(7.30-9.30pm).

The video-based programme
will try to teach good commu-
nication skills, enabling parents
to raise well-behaved children
without the use of physical, ver-
bal or emotional violence.

Facilitator Mr Vincent Fer-
guson is also available to meet
adolescents whose parents-
guardians take part.

More information is available
from the Archdiocesan Family
Life Office at 328-4310/2.

Are YOU
Vex?

Email us at

whyyouvex@
tribunemedia.net

and tell us

what’s on
your mind

UU
EXTERMINATORS
aU Rah
aU sik 777 Yd



LAWYERS for the Bimini
Bay project have denied claims
that the resort has tried to sti
fle free speech.

The law firm of Carlos A
Velasquez issued a statement
yesterday responding a story
in Tuesday’s Tribune, which
quoted environmentalists as
claiming that the resort devel-
oper’s threat to sue them for
defamation was.an attempt to
muzzle criticism of the project.

“We take exception to the
assertion that Bimini Bay

‘Resort is seeking to retard the

democratic process in free
speech,” the firm said. “Bimini
Bay Resort has endured
unwarranted criticism attached
to this development.”

The firm said that the “false
statements and disparaging
comments” levelled at the
resort had resulted in eco-
nomic hardship and damage.

“Bimini Bay Resort wel-
comes all expressions of opin-
ions as it relates to this pro-
ject. What it opposes and will

Bimini Bay denies trying to
suppress criticism of resort

no longer accept is misinfor-
mation and misrepresentations
that have cast a negative light
on the project and Bimini Bay
Resort’s reputation.”

The firm said Bimini Bay
Resort “has always been and
will continue to be committed
to the socio-economic impact
of Bimini and the Bahamas
and has done and will continue
to do all that is necessary to
assure that the project is envi-
ronmentally sustainable and
that the heritage and culture
of the island are preserved and
enhanced.”

An August 30 letter sent
from the law firm to Dr
Samuel Gruber, head of the
Bimini Biological Field Station
and a University of Miami pro-
fessor who has been among the
development’s most vocal crit-
ics, warned that any failure by
him to ‘cease and desist’ from
publishing negative comments
about Bimini Bay would result
in legal action — both in the
Bahamas and the US.

The letter noted that the
project had been approved by
the Bahamian government,
and met “all environmental
requirements”.

It added: “Please be advised
that we have been authorised
by our clients to seek all appro-
priate remedies to recover
damages. As such, demand is
hereby made that you ‘cease
and desist’ from these actions.

“Your failure to comply with
this immediate request will
result in our clients seeking
injunctive relief and other
damages recoverable under
both United States and
Bahamian law.”

In an open letter to Prime
Minister Hubert Ingraham on
the threat of legal action by
the developers, Jeremy
Stafford-Deitsch, of Shark
Trust UK, said Bimini Bay
developer Gerardo Capo “has
now resorted to threatening to
sue several individuals in an
attempt to silence criticisms of
his actions.

Minister pushes for more
public financial education

MINISTER of State tor
Finance Zhivargo Laing told
financial experts that it is
vital for them to educate the
public on money manage-

: » ment and investments.

Mr Laing emphasised the
importance of “translating”
the language of securities for
the benefit of local investors.

This, he said, will help
them understand the func-
tion of raising funds through
public offerings and buying
and selling investments that
are already issued — includ-
ing stocks, bonds, mutual
funds, mortgages and bills.

Mr Laing said when

\'Bahamians understand the

way money works, individ-
uals and the government can
successfully manage their
business and _- balance
accountability and responsi-
bility.

He pointed out that legis-
lation can then be passed to
help Bahamians steer the
country's capital markets.

Mr Laing was the guest
speaker at a lunch held by
the Bahamas Association of
Securities Dealers (BASD).

The event was held yes-
terday the British Colonial
Hilton to promote Bahamas
investment products and
opportunities.

Mr Laing encouraged
BASD members to help
establish the securities indus-

e try by guiding legislators and

regulators in the develop-
ment of banking and invest-
ment legislation beneficial

_ to the economy.

Mr Laing said daily trans-
actions among ‘commercial
and offshore banks, insur-
ance companies, real estate
companies as well as local

and international investment
brokers and dealers, shape the
economic lives of Bahamians as
well as affect the nation's bor-
rowing habits and investment
culture.

He added that mergers and
acquisitions, purchase of gov-
ernment-issued bonds and the
privatisation of public corpora-
tions all play a significant role in
building equity in the Bahamas
International Securities
Exchange (BISN) and strength-
ening the value of the Bahami-
an dollar.

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“Dr Gruber resigned from
the Bahamas National Trust
after many years of selfless ser-
vice in protest at what Mr Capo
is being allowed to do at Bimini.
Since then Dr Gruber, as the
world authority on the region,
has offered scientific advice on
the damage to the environment

that this mega-resort will bring.

“In contrast, Mr Capo has
refused to release details of the
Environmental Impact Assess-
ment, Hilton Hotels have
refused any detailed communi
cation and Mr Capo is now
threatening to sue individuals
to silence criticisms.”

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PAGE 4, THURSDAY, SEPTEMBER 20, 2007

THE TRIBUNE



EDITORIAL/LETTERS TO THE EDITOR



The Tribune Limited

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

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

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

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

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

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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

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



Confusion about police on campus

THERE IS MUCH confusion about police
officers on school campuses.

Although both The Tribune and Guardian
had headlines announcing that the police
were to be put back in the schools, the articles
under those headings made it clear that the
officers referred to were security personnel —
not uniformed Royal Bahamas Police Force
officers.

The confusion has been caused by the
manner in which the PLP handled the school
policing programme.

The programme under the PLP was dou-
bled-tiered: A regular RBPF officer was on
the top tier, supplemented below by what
was referred to as auxiliary police consta-
bles. There were 33 of these auxiliaries. They,
with the RBPF officers, were stationed on
14 public school campuses.

These so-called auxiliary constables were
not policemen — and this is where the con-
fusion comes in. They were civilians, dressed
up in a uniform that made them look offi-
cial. They only had an ‘abbreviated course
with the regular police. The other problem
was that auxiliary police constables are not
recognised in law. To rectify this the PLP
government passed the Police Services Act,
but somewhere along the line they lost focus
and the legislation was never enacted. So
there is still no such creature in our law as an
auxiliary police constable. °

Added to which, some of these so-called
officers had certain strikes against them that
made it impossible for them to join the ranks
of the regular police force. Others were phys-
ically unfit for service. Of the 32 only seven
could qualify to enter the force to be trained
as district constables. These have now joined
the RBPF and are in training. Twenty-two
persons spent the summer training to be
school security officers. These are the ones
who were returned’ to the campuses when
schools opened — not the regular RBPF offi-
cer.

Education Minister Carl Bethel has said
that as a matter of policy and conviction his

‘government is opposed to uniformed police-
men on school grounds: He says he has the
backing of a large number of Bahamians,
members of the police force and the technical
personnel in his own ministry, that this would
be sending the wrong message to students.
There is a handful of troublesome students on
these campuses, but with the new “zero tol-
erance” programme they will soon be out —

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As for the parent who goes to the school
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find themselves cooling their heels in a police
cell, and frantically dialing for their lawyer.

In other words, schools from now on will
be for those who want to learn. These stu-
dents don’t need police supervision. The oth-
ers who do need that supervision will be, in
one way or the other, in the hands of the law.

On Monday, Minister Bethel started his
school visiting programme to get to know
the students, and to try to motivate them to
abandon gangs, and school yard brawls for
their studies.

Mr Bethel recognises that he is dealing
with students who have enormous problems.
They come to school worn down by the chal-
lenges of a dysfunctional home, depressed
neighbourhoods and brawling streets. Most of
them want to improve themselves.

And so on Monday, he visited the 12th
graders of CB Bethel and Doris Johnson
Senior High Schools — the two highest per-
forming schools in the public school system.

He asked the students about their educa-
tional concerns. He was surprised when not
one of them mentioned school violence. They
wanted to know about such things as schol-
arships to further their education, and trade
schools for those not academically inclined.

At CB Bethel they wanted a gym and their
sporting facilities enhanced, and they wanted
musical instruments to expand their musical
programme.

They were told about the technical assis-
tance that will be coming from a Broward
community college to expand and improve
the Bahamas Training and Vocational Insti-
tute’s programmes, and the extra million dol-
lars set aside for COB to assist students who
are unable to pay college fees.

These students, said Mr Bethel, have to be
made full partners, they have to have an
incentive to achieve knowing that in the end
there will be a valuable return for their efforts.

Mr Bethel was encouraged by the stu-
dents’ enthusiasm. This is just the beginning.
It is going to take dedicated effort by society
to help these young people find a decent
place in a hard world.





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Helicopters.
needed to_
ackle crime

EDITOR, The Tribune

PLEASE permit me space in
your newspaper on “The use af
helicopters could be a most
invaluable asset of the police
force and the nation.”

The escalation of crime in our
nation is most evident. A simple
term to depict the consistent
atrocities by these criminals is
that they are a menace to soci-
ety.

‘To allude to this surge of
demonic-action by persons
whose objectives are to destroy
this nation, we as a people are
to vehemently make every
etfort to counter their zest for
evil dividends. In the past this
subject relative to the use of
helicopters was addressed in the
newspaper. To date there aren't
any definitive outcries or sug-
gestions by others. In essence
the average sound thinking indi-
vidual should regard this ideol-
ogy as beneficial to any country.

For example: The following
facets upon perusal could be
advantageous:

e The vertical soaring of a
helicopter, horizontally, diago-
nally, etc, should impair and dis-
courage criminals’ sinister inten-
tions,

e An influx of illegal immi-
grants and other marine infrac-
tions.could be reduced. There-
fore surveillance by helicopter

cops would make a difference. -

¢ Helicopter air patrol would
tremendously augment ground
patrol cars, thus alleviating cum-
bersome traffic hazards.

e In the event of crimes such
as armed robberies, arson, rape,

LETTERS

Til Ore mena lave lre maior



drug trafficking, burglaries, etc,
helicopter cops would be capa-
ble of monitoring culprits’
movements, thus intercepting
their sinister propensities. It
may be recalled that the police’s
main functions are the preven-
tion, detection of crime, preser-
vation of the peace, protection
of life and property.

Depending upon the location
in which the crimes are com-
mitted, sufficient force as a pre-
caution may be exercised, for
example, sickening gas, tear gas
or others pertinent method
should be utilised as a means
to subdue the offender/s. Con-
sideration could be given to
innocent people as an anticipa-
tion, because one does not want
innocent and curious individuals
jeopardized.

e Consistent assistance of a
helicopter would facilitate/foster
conservation, surveillance of
human activities from the air,
may they be criminal or other-
wise.

Please endeavour to recall the
murder of Chief Inspector Moss
a few years ago; with assistance
of a USA helicopter accompa-
nied by police officers of the
force, the suspect was appre-
hended somewhere in the bush-
es at Long Island.

With regards to this topic,
there are many ramifications
that would require planning and
concentration. This requirement

PLP fooled straw vendors

EDITOR, The Tribune

WATCHING the demonstra-
tion by the straw vendors at a
recent sitting of the House of
Assembly proves just how hypo-
critical the PLP really is. The
whole picture became so clear
that a blind man with half of a
brain could see that the PLP
aren’t comfortable with the truth.

The Straw Market fire hap-
pened just before the end the
FNM’s last time in office. The
then sensitive Prime Minister
Hubert Ingraham immediately
brought relief to the vendors by
helping them with monetar\
assistance. The vendors, who
would not allow themselves to
be used, must admit that this
was the last time any govern-
ment paid them any kind of
attention.

Since then, the PLP promised
that the market would be built.
The market had many dates set

















auto






\4

‘by none-other than “Big Bad

Brad”. Many press conferences
were called to keep the hopes of
the vendors high, expecting that
the PLP would soon surprise
them with a new market.

But while the emotions of the
vendors went on a roller coast-
er ride of on-again off-again,
the PLP played politics. Right
up to days before the election
the PLP moved heavy equip-
ment, obviously pretending that
work was beginning. But the
vendors knew that this was an
election trick, and they would
not have any of that.

There are some “die-hard”
PLP in the market, who would
stare you deep in your eye hole
and say that the PLP was gen-
uine in their efforts, but only a
totally dishonest person would
continue with this charade. All
Bahamians know full well that
the PLP had five years to build
the market, but obviously never
intended to do so, it seems they
thought very little of the vendors.

Instead it appears they
planned a new business venture
where probably the chosen tew
could house their jewellery
stores, restaurants and night-

Paint Professionals Trust

is long overdue. Hopefully I am
not a long ranger, hypothetical-
ly speaking. It is. anticipated that
implementation of this matter
would definitely require train-
ing, cost. etc.

In the Guardian newspaper,
dated Saturday, July 28, 2007,
there is a conspicuous picture
of a police helicopter which is
scheduled to arrive in Septem-
ber for the Cayman islands.
Surely this should have been a
reality for the Bahamas Police
Force.

I have read recently that two
aeroplanes and four boats are to
be got for the Defence Force.
There were allusions by a few
persons, that is verbally that two
helicopters are also included for
the Police Force. Perhaps this is
wishful thinking. Personally, I
would like to read in the not
too distant future a definite
statement in reference to this
subject.

There is a segment of persons
who one might term as a nucle-
us of the powers that be.
Metaphorically speaking such
nucleus could be the catalyst
which in essence could bring
this matter to fruition. Unequiv-
ocally helicopter/s would be
most invaluable for this archi-
pelago unique paradise of ours.

Very cordially, upon con-
summation of this necessity, this
country of ours could be cops
titled as “ZEPHYR/Isle of
June.” ;

CARDINAL
HUTCHINSON
Nassau

August 7 2007

for five years

- clubs, built by the government.

The few vendors who would
have been allowed, was only a
drop in the bucket.

Only one PLP was able to
confess that greed prevented
the market from being built.
This same former MP who was
a key player in the Christie gov-
ernment admitted that some-
thing strange was afoot and that
Bahamian taxpayers may have
been hoodwinked into spend-
ing $23m rather than $10m.

It seems plain to me that the
PLP used the straw vendors to
gain an advantage for them-
selves that is if the former min-
ister was accurate in his assess-
ment of the events. Bahamians
are now free to arrive at the
conclusion that there probably
would never have been a straw
market had the PLP won. It
would seem that the vendors
were only pawns in a greater
scheme of things.

I am still totally unafraid,
except for the fear of Jesus
Christ only.

IVOINE W INGRAHAM
Nassau
September 2007

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THE TRIBUNE







Bahamas in
sustainable
development
conference

A FOUR-MEMBER Bahami-
an delegation will participate in
the 53rd Commonwealth Par-
liamentary Conference in India.

The conference will be held
from September 21 to 30 in
New Delhi, where issues under
the theme: “Delivering democ-
racy and sustainable develop-
ment” are slated to be dis-
cussed.

The conference is being held
by the Commonwealth Parlia-
mentary Association (CPA) —
which consists of national and
provincial administrations of
Commonwealth countries
which, according to the CPA,
share the association’s mission
to promote knowledge and
understanding about parlia-
mentary democracy and respect
for the rule of law and individ-
ual rights and freedoms.

Minister of State for Public
Utilities Phenton Neymour,
Senator Forbes Smith, opposi-
tion MP Picewell Forbes and
executive officer of the House
of Assembly David Forbes will
make up the Bahamas’ delega-
tion to New Delhi.

Topics slated for discussion
include:

e Climate change and global
warming: policy issues and solu-
tion

¢ Global water and energy
use — towards sustainable devel-
opment

e Balancing economic devel-
opment and environmental pro-
tection

e Parliamentary practice and
procedure: need for reforms to
secure greater executive
accountability

e The role, rights and respon-
sibilities of the opposition.

e Strengthening financial
scrutiny

This year’s conference will
also feature a special plenary
session for female parliamen-
tarians.

The role of parliamentarians
in raising awareness of and
curbing human trafficking;
strategies for enforcing greater
accountability of parliaments to
the people; and benchmarks for
democratic legislatures are also
items slated for discussion at
the conference.

Small member states are
expected to discuss matters
including the regulation of
immigration and human traf-
ficking and protecting the envi-
ronment to ensure sustainable
development.

Pe oeereecerecccescessesesesccccs

INSIGHT

DON’T miss
Monday’s INSIGHT
section for massive
reader response to
this week’s highly
controversial article
on crime. It’s only in

The Tribune...

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to Attorney General




over dismissal case

A COUPLE whose five-
year fight for justice has high-
lighted massive deficiencies in
the Bahamas court system are
to appeal directly to the Attor-
ney General, Claire Hepburn,
so they can move forward with
their case.

Greg and Tanya Cash claim
they are now being blocked in
their attempt to take their case
to the Privy Council by local
court officials who refuse to
notarise affidavits needed for
future hearings.

“We are now planning to
appeal directly to the Attor-
ney General in the hope of get-
ting these obstacles removed,”
Mr Cash told The Tribune yes-
terday.

“There is no reason at all
why these documents should
not be notarised. We need
them as we move forward to
the Privy Council hearing.”

Mr and Mrs Cash, who
claim to have suffered hard-
ship during their long fight
against the Baptist education
authorities, claim the Privy
Council is their only hope of
getting justice.

They allege that the Baptists
have capitalised on their high-
ranking political connections
to block the judicial process.

“However, we are going to
fight to the end and we know
that God is on our side,” Mrs
Cash said. “We are getting a
lot of support from other
Bahamians whose cases have
been tied up in the courts for
years.”

Mr and Mrs Cash have vari-

Couple claim they are being.
blocked from taking their
fight to Privy Council

GREG AND Tanya Cash

ous issues before the courts,
all stemming from Mr Cash’s
dismissal as coach from Jor-
dan Prince William High
School in 2002.

Apart from a claim for
unfair dismissal, the couple are
alleging defamation and
breach of constitutional rights,
among other things.

Foreyears, they have main-
tained that court officials have
been obstructive. But they
refuse to back down.

Although Justice John

Sunday, Sept. 23rd at 6:30pm
Calvary Bible Church ¢ 62 Collins Ave.





Lyons awarded Mr Cash
$26,000 earlier this year, the
couple have dismissed the sum
as “derisory” and claim it in
no way reflects the judge’s
statements in court.

“We want to go to the Privy
Council sq that everything per-
taining to this case can come
out into the open,” said Mrs
Cash.

“We feel we are not just
fighting for ourselves, but for
all Bahamians who have issues
betore the courts.”












L4H






THURSDAY, SEPTEMBER 20, 2007, PAGE 5



Will Be Closed On
Monday September 24, 2007




For Inventory




We Will Re-Open On
Tuesday September 25, 2007




We Apologize For Any
Inconvenience This May Cause.



GIFT & BRIDAL REGISTR
Harbour Bay Shopping Centre’ *
Ph: 393-4440 or 393-4448. 5



N

Garey Building, @ « aees
Dowdeswell Street |... jos
Tel 322-1103
Mon-Fri



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PGT WINGUARD WINDOWS & DOORS ARE TESTED & PROVEN!
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PAGE 6, THURSDAY, SEPTEMBER 20, 2007



THE TRIBUNE



RAMESH ek 0 NC a es ae
Foundation plans for

‘degree in every home’

ORALEE’S FASHIONS

is having a

SIDEWALK SALE

This Saturday

Mackey Street « Telephone: 393-0744
Monday - Saturday 9:00am - 5:30pm




A NEW charitable foundation
is aiming, for tertiary education
to become available to all.

PUBLIC AUCTION

FRIDAY - SEPTEMBER 21st, 2007
By Order of
The Commissioner of Police
Commonwealth of The Bahamas

I. G. STUBBS WILL SELL

(A) Brand new Blue Dodge Durango - Year: 2007
4 Door SLT Wagon
Current License Plate #41983 - Grand Bahama

(B) 2 - “His and Her” Rolex Watches - (Certified)
To be Sold Individually or as a Pair

LOCATION: Police Training College Grounds
Or mal
Nassau, Bahamas

12:00 Noon - Friday - September 21st, 2007
Preview and Inspection from 11:00 a.m.
Until Auction time at the site.



Time:

All items subject to a reserve price, and the right of the Auctioneer
or any person on his behalf to bid up to that price.

*All items Sold Where Is As Is for Cash, Cashier’s Check
or current Bank Guarantee Letter. No purchase(s) will
be released until paid for in full. Where a deposit is
required, the same is non refundable.

Terms

Any and all Notices or amendments by Auctioneer on said Auction
Day whether written or verbal shall supercede this or any subsequent
advertisement.

For further information contact I.G. Stubbs at 322-2028 or
Fax: 328-8086 or Email: igstubbs@coralwave.com

1.G. Stubbs

ate) coma ccelitssig



The Chance Foundation,
headed by chairwoman Debi
Williams Hancock, prides itself
on being different.

“First of all it is aimed at the
persons who tend to be over-
looked by society and who have
little hope for success without
it,” Mrs Hancock said.

“These persons make up a
group or sub-culture of at-risk
youth, those who lack the
opportunities of their privileged
counterparts, and who are fast
becoming at generation of
angry young people fuelled with
a deep sense of social injustice.”

She said that the Chance
Foundation, by providing ter-
tiary-level education opportu-
nities combined with mentor-
ing and socialisation pro-
grammes, offers these youths a
chance, “not only to succeed,
but to excel”.

She said the foundation is
firmly committed to put “every
dollar donated” toward its pro-
grammes.

“Our personnel are all volun-
teers so there are no salaries to
be paid, our office space and
technology have been donated,
and our carefully managed,
nominal expenses are borne by
us personally or by committed
supporters who specifically
request that their pledges be
used in running the foundation.”

“Beyond providing the oppor-
tunity for a solid education, the
foundation takes a long-term
holistic interest in the student,
through mentoring and sociali-
sation programmes, with men-
tors actively participating in the
student-school relationship,
while engaging active parental

involvement. The programme |

includes internships and appren-
ticeships with community part-
ners to assist with our goal, ie
guaranteeing a good job to every
student upon successful comple-
tion of tertiary-level education.”

Mrs Hancock also explained



.
ALLYSON MAYNARD Gibson is
one of the foundation’s directors

that the foundation supports the
“Barbados model” which seeks
to put a degree in every house-
hold, and aspires to be a major
force for making that happen
in the Bahamas.

This she said, is “radical but
necessary”. -

The new organisation is cur-
rently in the process of part-
nering with private secondary
and tertiary level education
organisations abroad to accept
students.

Some students will enter the
programme early in order to
prepare, socially and otherwise,
for a college or university edu-
cation abroad.

A Canadian secondary
school, Niagara Christian Col-
legiate, was the first to offer to
partner with the foundation to
provide educational and social-
isation opportunities for some
of its younger students, and to
assist with their transition to

university.

“Our first student, 15-year-
old Michael Farrington of
Mason's Addition, has success-
fully attended Niagara Christ-
ian Collegiate for the past two
years and will be entering a

. third year in September.

“The idea is to engage schol-
arship opportunities from our
university partners so that the
foundation can focus its
resources on travel and living
expenses for the students. Any
shortfall in scholarships will be
met by the foundation,” Mrs
Hancock said.

“Essentially, applications will
only be considered on behalf of
at-risk youths who, due to
financial constraints, cannot
otherwise access tertiary-level
opportunities.

“A minimum 2.0 GPA or
equivalent is required, and there
are a host of personal commit-
ments which each student must
undertake by written covenant,
including commitments against
substance abuse and violent
behaviour,” Mrs Hancock said.

Students will also be encour-
aged to give thought to how they
can use their educational experi-
ence to assist their local commu-
nities and to encourage others
to strive for self-improvement.

The board of directors of the
Chance Foundation is chaired
by Mrs Hancock and includes
Dr Davidson Hepburn, Sena-
tor Allyson Maynard-Gibson,
Michele Fields, Tom Duff,
Helen Bartlett-Hanna, and
Felix Stubbs.

The foundation’s website,
www.chancebahamas.org, con-
tains further information and
application forms.

TOWN CENTRE MALL
356-3205
10am-7pm Monday-Thursday
10am-8pm Friday-Saturday

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326-5556
Sam-6pm
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THE TRIBUNE

THURSDAY, SEPTEMBER 20, 2007, PAGE 7





PM wants end to
recall of medical

PRIME Minister
Hubert Ingraham told
the Department of
Public Health that he
wants to end the prac-
tice of recalling doc-
tors and nurses from
the Family Islands
during a hurricane.

He said that the
policy has to change
in order to meet the
needs of residents in
the event of an injury
during a storm.

“IT want to make
sure that policy is dis-
continued without
any further delay,”
Mr Ingraham said. “They ought
to live there like everybody else
in the community.” ,

Mr Ingraham was speaking

’ yesterday at a meeting between
the Cabinet and the National
Emergency Management
Agency (NEMA), where he
pledged the new government's
support for NEMA’s efforts.

The session, co-ordinated by
NEMA and held in the conter-
ence room of the Royal
Bahamas Police Force Head-
quarters in East Street, focused
on the country's readiness in
the event of a disaster.

With the 2007 Atlantic Hur-
ricane Season in its fourth
month — September being one
of the busiest months for storms
— NEMA felt it necessary to
brief the new government on
the country's state of readiness.

Representatives from several
government agencies, including
the utility companies, the Public
Hospitals Authority, the Depart-
ment of Meteorology, Civil Avi-
ation, the Broadcasting Corpora-
tion and the prison, all discussed
the challenges they face during
and immediately after a storm.

“T want to thank NEMA for
an enlightening forum, and to
the extent to which we have to,
we will be responsive to those
issues immediately,” the prime

PRIME MINIST:







minister said.

Cabinet ministers expressed
concern about fuel and water
supply, electricity and telephone
reconnections, shelter manage-
ment and other challenges.

Mr Ingraham said he was
worried about the insufficient
water supply on many Family
Islands following a hurricane,
the problem being the lack of
back-up generators.

A representative trom the
Water and Sewerage Corpora-
tion said in recent times, the cor-
poration has made aggressive

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ER Hubert Ingraham speaks at a meeting
between the Cabinet and NEMA



attempt to provide
more generators.

The prime minister
asked for a detailed
written report from
the corporation on its
supply system pro-
gramme for each
Family Island. He
also asked BEC for
details on its tree-
trimming pro-
gramme. ©

He advised BEC
to set up a system
like Jamaica, which
shut down electrici-
ty prior to a hurri-
cane, to avoid mas-
sive and extensive power out-
ages during a storm.

BEC general manager Kevin
Basden said that this was done
in some areas during the last
hurricane, and proved effective
at minimising damage.

He added that this policy
would continue on a wider scale.

Mr Ingraham said he was
impressed that with modern
technology, the police were able
to connect yesterday's meeting
with Grand Bahama, Abaco,
Eleuthera, Exuma and Inagua,
and get reports.



Peter Ramsay/BIS

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But the only thing we cannot
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Phone: (242) 325-4961



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PAGE 8, THURSDAY, SEPTEMBER 20, 200/



8 EE A AT TE TN | RD me OT

THE TRIBUNE



2
Crown seeking

death penalty for
Tan Hutchinson for the
murder of softball star

FROM page one

court date and that it was something that half of
America had been waiting for.

The inquest was.put on hold just days alter it
began in April this year when Howard K Stern,
the lawyer-turned-partner of the former Playboy
called the constitutionality of the
Coroner’s Court into question.

Playmate,

Stern’s lawyers filed a

Supreme Court questioning the lack of provi-

sions in the Coroner’s Act
impartial jury.
However, Supreme Court

Justice John Lyons

Daniel Smith

last month ruled that the inquest can yo ahead,

Justice Lyons suggested that the jury be
sclected from as wide a representative base as
possible

He noted that the main issue was that there
must be a fair hearing and that responstbility lies
ultimately with the coroner presiding over the
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FROM page one

shouted: “Murderer, murderer.” Hutchinson
appeared unmoved and smiled as he was taken
away.

Cyprianna Armbrister, sister of the deceased,
told The Tribune that she was pleased with yes-
terday’s verdict and that Hutchinson should
receive the death penalty.

“I feel that justice has been served. One life tak-
en wouldn't bring back another but at least you
know that justice is served and people wouldn't
teel like they could just take a life and move on
with their life. | believe in the death penalty,”
she said.

Jackell Moxey, the eldest daughter of Jackie
Moxey. told The Tribune that the ruling had
brought closure to the family, who are now
able to move on knowing that justice has been
served.

“Honestly, God has answered my family’s
prayers. It’s been a while but our family made it
through. My mother can rest in peace now. We
fought the battle that she couldn’t fight for her-
self,” Moxey said tearfully.

“I agree with the death penalty because this
isn’t his first time and I don’t doubt if they let him
out this would be his last,” she said.

During the nearly three-week trial, jurors
heard evidence from 17 witnesses and were also
taken to the alleged crime scene at Clifton Pier.

Hutchinson, 46, was represented by attorney

Murrio Ducille along with Tamara Taylor. Rep-
resenting the Crown were Deputy Director of
Public Prosecutions Cheryl Grant-Bethel, Olivia
Nixon and Eucal Bonamy.

During his summation, Justice Jon Isaacs
reminded the jury that they were the sole judges
of the facts of the case. He told them that it was
the Crown who had brought Hutchinson to stand
trial and it was the Crown who had the burden to
prove his guilt through the evidence of their wit-
nesses. He reminded the jury that when deliber-
ating on the facts they should be objective and dis-
passionate.

It was the Crown’s case that Hutchinson had
intentionally caused Moxey’s death between
October 25 and 26, 2005.

Prosecutors claimed that Hutchinson had lured
his late girlfriend from her job at Bahamas Infor-
mation Services (BIS) on October 25, 2005, took
her on a drive and then led her to a beach in the
Clifton Pier area where he beat her to death. .

Jealousy was the motive for the killing, accord-
ing to prosecutors, who noted that Hutchinson
was obsessed with Moxey and incensed over alle-
gations of her infidelity.

Pathologist Dr Govinda Raju said that Jackie
Moxey, 44, had died as result of extensive hem-
orrhaging from the brain, which adversely affect-
ed the rest of her internal organs.

Dr Raju testified that Moxey had suffered a
contusion in both temple areas, hemorrhaging
all over the brain, and a hairline fracture in the
mid-cranial area.

Number of security

ouards to be increased
at RM Bailey Senior High

FROM page one

meeting this morning.
A source at the school told

The Tribune that a group of

students allegedly surround-
ed and pummelled a biology
teacher on campus last week.

Following this incident, R
M Bailey teachers yesterday
met with Minister of Educa-
tion Carl Bethel to discuss
increased security at the
Robinson Road school.

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Teachers, said staff and the
Ministry Education had
agreed on having six security
guards for now and two addi-
tional ones soon as they are
able to secure them.

Mrs Poitier-Turnquest said
R M Bailey teachers will meet
today at 8.30am to decide if
they will resume classes.

However, the BUT presi-
dent could not say on which
issues such a decision will
hinge.

Education Minister Bethel



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told The Tribune yesterday
that he is willing to listen to all
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teach out to them a “respon-
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At the meeting yesterday,
he said, he also re-stated the
government’s policy to not .
have any permanent police
presence on school campuses.

Mr Bethel said he felt the
meeting went well.

The minister is now inviting
the teachers to act responsi-
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THE TRIBUNE



NT mee ene
Religious tourism ‘untapped

resource for the Bahamas’

RELIGIOUS tourism con-
tinucs to be an untapped
resource for the Bahamas
according to Bishop Neil
Ellis

The former PLP government
made a concerted effort to
expand this areca during their
five vears tn office.

The head preacher of Mount
Tabor Full Gospel Baptist
Church announced that with the
potential benefits in mind, he
has decided to host one of his
popular Walking in Victory
conferences in the Bahamas for
the first time.

Bishop Ellis said the event
will take place on Tuesday, Sep-
tember 25 through Thursday,
September 27 at the Atlantis
resort on Paradise Island.

To. date, conferences have
been hosted in Greensboro,
North Carolina; Orlando, Flori-
da and Birmingham, Alabama.

Bishop Ellis said that while
the initial intention was to con-
tinue hosting the conference in
the United States, “we discov-
ered a consistently growing
number of delegates indicating
a desire to attend.a Walking In
Victory Conference here in the
Bahamas”.

“Prior. to now however, we
were not able to respond to this
request as our usual set up
requires seating tor at least
3,500 delegates and there are
no conference facilities on the
island that can accommodate
those kinds of numbers.

“This vear however, in
response to requests from our
delegates, we transitioned our
format, this time to smaller and
more intimate gatherings. We
therefore decided to host three
smaller conferences, and in
doing sa, we are now able to

- host a Walking In Victory Con-
ference here in our beautiful
country,” he said. ;

Bishop Ellis noted that the
conference has evolved into one
of the most renowned and high-
ly anticipated religious confer-
ences in America.

“This is particularly note-
worthy since it is the only con-
ference of its kind conducted in
the United States of America,
but hosted by Bahamians.

“As conference host, this
dynamic has always been upper-
most in my mind jor many rea-
sons. First.ot all. it represents
what I believe is a religious role

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religious missionary style oin-
istry from North America, we
were now being called upon to
be the presenters of the good
news of the gospel.

Bishop Ellis added that he
has always endeavored to take
advantage of the opportunity
that the conference affords as
a religious tourism markeung
tool.

“Tam thoroughly convinced
of the fact that white my man-
date for this particular confer-
ence is an international one, the
coupling of my commitment to
this country and my belief that
religious tourism is an incredi-
ble untapped source for our
nations number one industry.
would have inevitably led me
to hosting at least one of the
Walking In Victory Confer-
ences here in the Bahamas, and
today we announce the realisa-
tion of that particular objec
tive,” he satd.,



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PAGE 10, THURSDAY, SEPTEMBER 20, 2007

LOCAL NEWS

THE TRIBUNE



Freeport News managing editor making
complaint to police over libellous e-mail

FROM page one

caecusation withheld).”

Mr Brown denied the accu-
cations made against him, even
soing into details surrounding
tread accident he, along with
riends and relatives, got into
1 a mountainside in Jamaica.

Five of us were in the car.
We were driving up into the








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mountains. We stopped on the
side of the mountain to allow
another car to pass — a bus actu-
ally,” Mr Brown said.

“After the bus passed, we
pulled off and the car skidded
on some leaves, and went on
the side of the mountain, but it
was stopped by some big trees.

“Probably, if the trees weren’t
there, the car might have gone

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down,” he said.
“But we all got out of the car,

and there was no question of

leaving or anything else. I actu-
ally paid more than $12,000 in
Jamaican money for some
Jamaicans to assist us in retriev-
ing the car,” he added.

After the incident, which
occurred last New Year’s Eve,
Mr Brown said he and his party
went out to dinner and had a
“happy time” before returning
to Nassau.

“No-one left anybody or any-
thing like that,” Mr Brown
emphasised.

“Whoever wrote that let‘er. I
do not know where they got
their information trom, oui t
see the hands of (uame 5
son withheld) behind it,’
said,

Mr Brown thinks the letter is
part of an orchestrated attack
on him by a prominent PLP
member,

“I’m going to turn the e-mail

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over to the police, and request a
formal police investigation into
whether or not they can deter-
mine the source of the e-mail,”
he said.

his character.

One e-mail sent by
media@progressiveliberalpar-
ty.com, refers to Mr Brown as
“biased” and “lopsided” along
with other terms The Tribune

website stoops to the level of
bahamasuncensored.com and
attacks me personally the way
they did, that’s unacceptable.”

‘He said he was going to








7.
US

Saas



“There has to be something
criminally wrong with that,” Mr
Brown said of the circulation of
such a document.

Mr Brown also took issue
with information posted on the
PLP’s official website about him
—~ and being sent via
e-matl under the partys
banner — attempting to defame

cannot publish, alluding to the
same unsubstantiated criminal
behaviour mentioned in the
more explosive e-mail sent to
local newsrooms.

“Anything that is said on
bahamasuncensored.com, we
know who is doing that,’
said. “When the PLP’s official

demand an apology from Oppo-
sition leader Perry Christie in
his column today.

“This only serves to further
demonstrate that Perry Christie
has lost control of the Progres-
sive Liberal Party,” he said. “He
has abandoned the leadership
and turned it over to some scur-
tilous people.”

> he



Gay TV channel ‘would
show homosexuals are

FROM page one

and venom at the suggestion of a gay TV
station.

Homosexuality is “unhealthy,”
said. Cable Bahamas should not be
to gays”, she added.

“No gay ting on this airwaves at all,” anoth-
er caller said. “If you want to be gay, do that
in the privacy of your home. That’s your
thing you gat ta deal with God with,” she
said. “This is not the United States,” the
caller emphasised.

A male caller urged a boycott of Cable
Bahamas if such a channel is allowed, declar-
ing that homosexuals are on the verge of
taking over.

Caller after caller declared publicly that
the Bahamas is a ‘Christian nation and a
gay TV channel such as LOGO should not be
allowed.

Ms Greene said these comments “are just
indicative of the hysteria and homophobia
prevalent in the country.”

“A lot of people miss the point entirely
about the request for programming of that
nature. They went straight back to the ques-
tion of is this (homosexuality) correct or
not,” she said. “In a democratic society all of
its citizens have the right to participate equal-
ly in the development of their country.”

Allowing a channel like LOGO on the
local Cable system, Ms Greene told The Tri-
bune, “will allow gay people to access infor-
mation that is relevant to their lives.”

Not allowing such a channel, Ms Greene
said, will send a message to gay people that
“they are not allowed to participate in their

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a} normal human beings’

own country.”

Channels with wide-ranging representa-
tions of homosexuals such as LOGO would
help Bahamians to realise that gay people
are normal, Ms Greene said, emphasising
that gay people, just as others, strive for hap-
piness, community and stability for them-
selves and their families.

“It would allow young gay people access to
information about people like them, so that
they, too, can proceed into healthy develop-
ment, as opposed to only having access to
the most outrageous and extreme images of
gay people,” Ms Greene said.

She said the station could be a premium
station — which individuals would have to
request and pay extra for — or it could be a
pay-per-view station, rather than being on
basic cable.

LOGO has a website -
www.logoonline.com — which displays the
same-sex orientated programmes offered,
including gay related news, comedy specials
and documentaries.

The local cable system currently offers 11
pornography channels, more than ten for
sports, and numerous dedicated to religious
programmes. With this diversity, one for gays
may be on the way.

Ms Greene pledged to follow up with
Cable Bahamas to agitate for LOGO’s inclu-
sion in the local system.

Dr Keith Wisdom, director of public affairs
for the company, said the programming
department had received one request for the
channel, adding they would evaluate the
channel as they are currently considering
next year’s line-up.

Officials confirm
meteorite struck Peru
hut question whether
it sickened people

@ LIMA, Peru

A FIERY meteorite crashed into
southern Peru over the weekend,
experts confirmed on Wednesday.
But they were still puzzling over
claims that it gave off fumes that
sickened 200 people, according to
Associated Press.

Local residents told reporters
that a fiery ball fell from the sky
and smashed into the desolate
Andean plain near the Bolivian
border Saturday morning.

Jose Mechare, a scientist with
Peru’s Geological, Mining and Met-
allurgical Institute, said a geologist
had confirmed that it was a “rocky
meteorite,” based on the fragments
analyzed.

He said water in the meteorite’s
muddy crater boiled for maybe 10
minutes from the heat and could
have given off a vapor that sick-
ened people, and scientists were
taking water samples.

“We are not completely certain
that there was no contamination,”
Mechare said.

Jorge Lopez, director of the
health department in the state
where the meteorite crashed, told
The Associated Press on Tuesday
that 200 people suffered headaches,
nausea and respiratory problems
caused by “toxic” fumes emanat-
ing from the crater, which is some
65 feet wide and 15 feet deep.

But a team of doctors who
reached the isolated site said
Wednesday they found no evidence
the meteorite had sickened people.

Doctors told an Associated Press
Television News cameraman at the
site that they had found no sign of
radioactive contamination among
tamilies living nearby. But they said
they had taken samples of blood,
urine and hair to analyze.

we UA & ae

oS



THE TRIBUNE



A Bahamian journalist has
returned from Malaysia where
he represented the Bahamas
and the western hemisphere at a
training seminar and conterence
on international relations and
diplomacy.

Viraj Perpall a tormer
reporter at The Tribune and
The Nassau Guardian and cur-
rently employed at the College
of the Bahamas, was invited by
the World Assembly of Youth
and the World Youth Congress
secretary general to attend the
eight day executive training pro-
gramme from September 3 to
ihite

The only delegate in atten-

dance from the Caribbean and
the western hemisphere, Mr
Perpall was surrounded by a
host of diplomatic representa-
tives from countries including,
Mozambique, Zimbabwe, Alba-
nia, South Africa, Libya, the
United Arab Emirates, Namib-
ia and the host country.

The World Youth Institute
and Universiti Utara Malaysia
facilitated the course.

Mr Perpall said he was
pleased to learn about a nation
[Malaysia] that has enjoyed
political and economic stabili-
ty for 50 years while also having
the opportunity to meet with
the chief minister and the

Local journalist represents
the Bahamas in Malaysia

govenor of Melaka.

“Both officials seemed very
delighted to have a representa-
tive from the Bahamas in atten-
dance at such a high-end event
and spoke very well of the
Bahamas,” Mr Perpall said.

“I was also very pleased to

be apart of the first intake of

this international relations train-
ing and was very pleased to rep-

resent my nation and this part
of the world.

“From our discussions on
world politics and the way
ahead for nation states politi-
cally and economically, I
realised very soon into the
course the wonderful advantage

the Bahamas has in interna-
tional relations.

“While we may be very
young, our political stability
coupled with our economic
strength and small population
make the Bahamas a very
unique nation in the world and
a nation for the international
community to keep its eyes on,”
Mr Perpall said.

He added that the Bahamas
has a unique political and eco-
nomic landscape that can with
good political leadership and

time, amaze and command -

much respect from the super-
powers of the world — in the
wa that Singapore has done in

THURSDAY, SEPTEMBER 20, 2007, PAGE 11

UNIVERSITI







VIRAJ PERPALL with chief minister of Melaka state Datuk Seri Mohd
Ali Rustam

the eastern hemisphere.

He added that much experi-
ence was brought to the table at
the event as seasoned diplomats
spoke of their views on inter-
national relations and the dif-
ficulties of diplomacy around
the world as the fight against

terrorism continues.

Mr Perpall said he looks FOr -
ward to using the knowledge
and experience gained to assist
in the development of the
Bahamas in making its voice
heard in the international com
munity.

m@ HAVANA

WASHINGTON’S 45-year-
old embargo has cost Cuba
more than US$89 billion to
date, wreaking havoc on every-
thing from primary education
to pest control and nearly all
other facets of island life, the
foreign minister said Tuesday,
according to Associated Press.

Havana produced a 56-page
vooklet laying out its latest
argument against the embargo
ahead of next month’s meeting
in New York of the UN Gener-
al Assembly, which has voted
15 years in a row to urge the
United States to lift trade sanc-
tions against Cuba.

Foreign Minister Felipe Perez
Roque said the US policy
caused US$3 billion in losses
over the past year alone to the
economy of Cuba — which had a
2006 GDP estimated at US$40
billion, according to the CIA
World Factbook.

The embargo “has reached
levels of schizophrenia and
made the last year notable for
the ferocious and cruel way the
blockade has been applied,”
Perez Roque told a news con-
ference. Washington, he said, is
bent on “persecuting Cuban
interests and attempting to beat

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our people into submission with
hunger and disease.’

Cuban officials came up with
the US$89 billion price tag by
adding estimated extra costs
spent over the decades to buy
from third countries many
goods that would have been
cheaper in the United States.
The figure also includes lost
income, including additional
tourism from the United States.

Purpose

The full trade embargo took
effect February 7, 1962, under
President John F Kennedy,
blocking all trade with Cuba
except for non-subsidised sale
of food and medicine. Its aim
was — and still is — to,financially
strangle Fidel Castro’s govern-
ment and force a change in the
communist-run island’s system.

US Commerce Secretary Car-
los Gutierrez on Monday called
the embargo a success and said
the sanctions are designed to
punish Havana, not hurt the
island’s people.

But many members of US
Congress and other American
officials. say the embargo has
failed and have called for partial
or full elimination of the sane-

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CUBA’S FOREIGN Minister Felipe Perez Roque, shows a copy of Cuba's annual report on the effects of the
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Obama would reduce restric-
tions on Americans wanting to

visit family members in Cuba.

Perez Roque said most US
proposals do not go tar enough,

and “the blockade should be
lifted immediately and uncon-
ditionally.”

Havana’s report said US

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technologies, pesticides and
even materials for blind chil
dren because Braille producis
are produced primarily in ihe
United States.

Internet access on the island
is also severely limited and
expensive, because Cuba must
rely on satellites instead of tap-
ping into one of eight major
fibre-optic cables that run
underwater near the island but
are linked to US interests.

Even Cuba’s dilapidated pub-
lic transportation system fccls
the pinch. Transportation off1-
cial Gladys Fernandez, who pre-
sented testimony along with
other officials during the hours-
long ceremony Tuesday. said
Havana’s decades-old bus sys
tem would be able to handle 20
million more passengers a yeal
if it were allowed to import US-
made vehicles and parts

Perez Roque said 85.000
Americans of Cuban origin vis-
ited Cuba in 2003 but that num-
ber dropped to 37,000 last year
— after the US government
tightened travel restrictions in
2004. He said 59,000 other US
visitors flouted the embargo and
visited last year, down from
115,000 in 2003.





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THE TRIBUNE

(aS ATT ane Ai 8/8
Parents protest officers’

removal from campuses

FROM page one

live in today and I’m saying
that the reality is that on our
school campuses we have very
undisciplined children,” he
said.

Mr Moss said he fears if
police officers are not returned
to the schools government will
soon have to station soldiers
on the campuses.

“That’s what is happening
now in Jamaica, we want to
prevent what has happened
there (from happening) here,
that’s why we’re demonstrat-
ing,” he said.

Mr Moss said he believed
“ideological folly” is prevent-
ing government from doing the
right thing in this case.

“I believe this country is split
down the line politically and
that blinds everybody, they
cannot see right from wrong,”
he said.

Protester Gary Williams, a
father of four, emphasised that
the demonstration was in no
way politically motivated. He
urged all parents with children
in public schools, no matter
their party affiliation, to come
out and take a stand.

“The FNM ain’t got me out
here, the PLP ain’t got me out
here, I have four kids in
school, they have me out here.
They are in A F Adderley,
Government High, and Yel-
low Elder, that’s why I’m




Flight attendant
allegedly ‘needed
medical attention’

A BRITISH AIRWAYS
flight scheduled to take off on
Tuesday evening at 9.30pm,
eventually left Nassau at
5.00pm last night. The cause
of delay was allegedly due to a
flight attendant being taken
to hospital in an ambulance
after needing medical atten-
tion at the Hilton Hotel on
Tuesday.












YOUR CONNECTI



PAUL MOSS speaks to the press yesterday in Rawson square.

out here.

“We need to make a stand,
we need to start somewhere, I
know we are out here in small
(numbers), but I know plenty
people hear us,” he said.

Daphne Bannister, a mother
of four, said that her son, who
attends R M Bailey, is fearful
about going to school.

She said that it is not fair for
government to refuse to sta-
tion police at the schools when
this measure could make both
students and teachers feel safe.

Yesterday’s protest comes
after two stabbings — one at A
F Adderley Junior High and
one at.C I Gibson Senior High
— and an alleged beating of an
R M Bailey teacher occurred
on school campuses within one
week.

Mr Moss yesterday also
agreed with the Bahamas
Union of Teachers’ demand
for metal detectors at the
schools.

“They have a metal detector
now in parliament. If they are
concerned about their safety

THE BAHAMAS



Tim Clarke/Tribune staff

why not about the future of
this generation, our country —

they need to secure the bound- ,_,

aries of school,” he said.

Mr Moss added that gov-
ernment cannot make the
excuse of not having sufficient
funds to improve school secu-
rity.

“Many people inside the

country are not being taxed, ©

you have all the international
banks, all the international
companies, people bragging
about the tens of millions of
dollars that they net in profits
a quarter.

“We're saying that that is a
profit stream that you ought
to go to, after all it protects
them as well, when you have
an orderly society it protects
everybody,” he said.

Mr Moss said that while he
agrees with Minster of Educa-
tion Carl Bethel’s nine-prong
School Security Initiative, he
is “astounded” that the plan
does not include introducing
conflict resolution courses to
the curriculum.

O THE WORLD

TELECOMMUNICATIONS COMPANY,

LIMITED (BTC)

GOVERNMENT NOTICE
Invitation for Proposals

The Bahamas Telecommunications Company Limited (BTC)
is soliciting proposals from qualified suppliers for the provision
of a Direct Top-Up Pre-paid Mobile Solution.

Interested parties may obtain further information, including
eligibility to participate as of Wednesday, September 12, 2007
from the BTC Public Relations Department, John F Kennedy
(JFK) Drive, Nassau, Bahamas.

Any queries should be directed to Ms. Eldri Ferguson at (242)
324-9900 or (242) 424-2532 or eferguson@btcbahamas.com.

Please respond to this RFP by no later than 4:00 p.m., October
22nd, 2007, addressed to:

Mr. Leon Williams
President & CEO
The Bahamas Telecommunications Company Limited
P. O. Box N-3048
John F. Kennedy Drive
Nassau, Bahamas

Proposals will be opened at 12:00 noon, October 23, 2007 at

BTC, JFK Drive.

BTC reserves the right to reject any or all proposals.

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A

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THE TRIBUNE

THURSDAY, SEPTEMBER 20, 2007, PAGE 13



i ee ae ea
Price control has been ‘ineffective’

in keeping the cost of food low

PRICE control has been inet-
fective internationally in keep-
ing food costs low, Prime Min-
ister Hubert Ingraham said.

He pointed to the impact the
government’s customs duty
structure is having on the high
cost of food items in the
Bahamas.

Mr Ingraham headed a dele-
gation to CARICOM’s Summit
on Chronic Non-Communica-
ble Diseases in Port of Spain,
Trinidad on September 15,
where Heads of the Caribbean
Community were encouraged
to enact laws and policies to
“make a healthy choice the eas-
ier choice” for those living in
the region.

Chronic non-communicable
diseases such as hypertension,
heart disease and diabetes, cou-
pled with obesity, account for
the majority of all deaths in the
Bahamas and the Caribbean
region.

“The truth of the matter is
price control doesn’t work,”
Prime Minister Ingraham said.
“It doesn’t work anywhere else
in the world. “We in the
Bahamas tell ourselves that we
are able to control prices but
we are not.

“But the extent to which the
government would be able to
impact upon cost we’d certainly
be more than happy and will-
ing to do so.

Mr Ingraham pointed out

_ that price control would only
be effective if the government
becomes the supplier of items
such as food — a function, he
said, that would lead to other
factors including wastefulness.

“Cost of food and cost of





PRIME MINISTER Hubert aan and Health and Social
Development Minister Dr Hubert Minnis among CARICOM leaders
taking part in the Port of Spain summit on Chronic Non-Communicable
Diseases





Sharon Turner/BIS.

INCOMING CARICOM chairman Prime Minister Hubert Ingraham
discusses matters at the Port of Spain summit with CARICOM
chairman and Prime Minister of Barbados, Owen Arthur

many items is very high, and the
government can look at the
extent to which its customs duty

BAHAMAS ORCHID SOCIETY

presents...

na




structure is impacting upon that.
But as you have increased cost
of oil, you have increased cost
of transportation and you have

in the Bahamas a structure that
says the government collects
customs duty on items that are
imposted and upon the freight
charges that are applied to it.

“And so as these costs go up,
the government’s revenue goes
up, [as] the government’s rev-
enue goes up people require
more and more services from
the government, and so we have
to have this balancing act all the
time.”

When determining from a
legislative standpoint how the
Bahamas can make a healthy
choice the easier. choice for
Bahamians, Mr Ingraham indi-

cated that there are a number of

key decisions the government

would have to make regarding .

import taxes on meats, fruits
and vegetables and alcohol.

Those decisions include:

_©@. Whether the Bahamas
should begin to impose customs
duties on meat imports, as many
fatty meats are currently
imported into the country.

e Whether the Bahamas
should reduce taxes on the
import of fruits and vegetables
and how such a decision with
fare with the country’s farmers.

e Whether the Bahamas
should maintain its high tariff
on chicken imports if it wishes
to encourage more consump-
tion of chicken as a white meat,
and how to balance the same
with production from local
poultry producers.

¢ What should be the tax on
alcohol, and how such a tax
would affect the country’s com-
petitiveness in the tourism busi-
ness.

During his keynote presenta-
tion to CARICOM Heads at

the Port of Spain summit, St
Kitts and Nevis Prime Minister
Dr Denzil Douglas called on
the community's leaders to
observe a CARICOM Wellness
Day, an idea Prime Minister
Ingraham endorsed.

Dr Douglas is the Lead Head
with responsibility for health in
CARICOM’s quasi-Cabinet,
and stressed the need to make
changes at the legislative level

requiring that foods cooked in
public places in the Caribbean
be prepared with healthy ingre-
dients.

Prime Minister Ingrahain,
who following the summit
revealed his decision to eat few-
er amounts of red meat, said
more and more Bahamians
might decide that the healthter
choice for them would be to
become a vegetarian, adding

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JOHNSON, TANISHA
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STUART, CAROLYN M.
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WORRTT TE, BEVERLY |



PAGE 14, THURSDAY, SEPTEMBER 20, 2007

THE TRIBUNE








PARLIAMENTARY SECRETARY for the Ministry of Housing and National Insurance Brensil Rolle speaking
with Kemp Road residents

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.




Sandals Royal Bahamian Resort & Offshore Island




Invites applicantion for the following positions:-

EXECUTIVE CHEF



@ By Bahamas Information
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CONCERNED residents
turned out at the Kemp Road
Urban Renewal town meeting
on Tuesday to discuss the press-
ing social issues that have
plagued the community.

Minister of Housing and
National Insurance Kenneth
Russell responded to the com-

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meeting

HALSBURY
CHAMBERS

Counsel and Attorneys-at-Law
Notaries Public

3° Annual
Free Legal Clinic
‘Information You Need For the Life You Want’

Saturday, September 99
SuperClubs Breezes, West Bay Street







Speaker . Time Topic

Julia Bowleg 9:30 am Getting Your Hands Dirty:

Recruitment Officer, BIVI The Value of a Technical Education

Troy Sampson 10:00 am Buying a Home: Basic Steps to

Immediate Past President, Safeguarding Your Purchase

Bahamas Mortgage Brokers Association

: ‘Andrew Wilson 10:30 am Discussion: Whose Beach Is It Anyways?

Entrepreneur Access Rights: Developers vs. Residents
&

Donald Saunders

Senior Associate, Halsbury Chambers

SACP Ellison Greenslade 11:00 am Taking Back our Nation: Combating Crime
&

ACP Marin Dames

Royal Bahamas Police Force

Julia Lee 12:00 pm A National Crisis: The Skinny on Obesity

Registered Dietician, MS

Yvette Bethel 12:30 pm What's Your EQ:

Executive Coach Measuring Emotional Intelligence

Glenn Ferguson 1:00 pm So You Want to Be A Millionaire

Financial/Retirement Consultant

Nerissa Greene 1:30 pm Protecting Your Marital Rights:

Senior Associate, Halsbury Chambers Divorce, Sweethearting & Outside Children
Group presentations, individual discussion, a rare opportunity
Lawyers available until 5 pm for free consultation
Call 393-4551 to reserve your seat. Space is limited]
Complimentary childcare provided by staff of The Meridian School

A community service event brought to you by:

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Catholic Church

plaints about redirecting area
flooding, untimely garbage col-
lection, the absence of police
patrols and the lack of adequate
street lighting.

Residents at the meeting in
St Bede’s Catholic Church were
also concerned about the grow-
ing illegal immigrant popula-
tion, some of whom openly con-
duct business and operate with-
out the proper business licence.



ST MARGARET Road resident Ruth Frazer making her point during the

mat Kill-A-Bug
x a om, 7 Lawn
Insect

Si o WO Tees



MINISTER OF Housing and National Insurance Kenneth Russell addressing the meeting at St Bede’s

Residents also noted it was
the first time they had spoken
directly to a minister who did
not fear visiting the area at
night.

Fr Alain Laverne, Rector of
St. Bede’s Catholic Church, out-
lined the social isolation of the
community’s youth, touching on
the statistical epidemic of teenage
pregnancy and juvenile delin-
quency, attributing the causes to



opinion

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Lg



Patrick Hanna/AP

Meeting held for Kemp
Road Urban Renewal

prostitution and unemployment.

Both Fr Laverne and Pastor
Dale Moss of the Church of
God of Prophecy referred to
the anxiety surrounding the
young people who are “squan-
dering opportunities” and con-
tributing to the vicious cycle of
the “breakdown of the family”.

The minister assured resi-
dents that their observations
will be taken into account.



FATHER ALAIN Laverne Rector St Bede's Catholic Church voices his

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THE TRIBUNE

THURSDAY, SEPTEMBER 20, 2007, PAGE 15



Le ETL ONY C8 vata
Minister speaks with 12th graders

MINISTER of Education
Carl Bethel has launched a
series of visits to senior high
schools in New Providence to
urge students to avoid con-
frontation and focus on learn-
ing.

He paid the first visits to C
V Bethel and Doris Johnson
senior high schools, where he
reminded 12th graders that they
are looked upon by the other
students as leaders.

Mr Bethel told them they
_ must exercise responsibility and
set positive examples for the
_ others to follow.

He admonished the students
to avoid conflict and to
demonstrate leadership by
‘walking away from con-
tentious situations and doing
their part to ensure that the
school functions as a centre
for learning.

The minister informed the
. students that the government
» has doubled its contributions
for the awards of scholar-
ships and financial assis-
tance at the College of the
Bahamas and at the Ministry
of Education, Youth, Sports
and Culture.

He encouraged them to seek
tertiary level education and to

Test

of things we
think, say or do

1.Is it the TRUTH?

2.Is it FAIR to all
concerned?

3. Will it build
GOODWILL and
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4. Will it be
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take advantage of the awards
being offered for tertiary level
education.

Mr Bethel spoke also of the
Bahamas Technical and Voca-
tional Institute one day becom-

ing a university that issues
diplomas recognised all over the
world,

He said that students who
aspire to the technical and voca-
tional disciplines should be



CARL BETHEL addresses students at CV Bethel High School
as part of a series of visits to schools ;

r

Freedom

Days Eastern Caribbean ‘Days Western Caribbean
ovember 25, 2007 - Miami] December 8, 2007 - Miami

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is family.

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‘sincere condolences





proud of themselves because
they can in fact earn a very
good living.

He mentioned the very suc-
cessful business man James
Bain of “Bain's Electric” who
completed high school then

studied his trade and became
very good at it.

An aspect of the visit was
devoted to fielding questions
from the students whose inter-
ests ranged from instruments
for the band programme to

scholarships for students who
were not academically
inclined.

Mr Bethel said that opportu-
nities will be provided for all
students to achieve their dreams
through education.

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tHe ik also the co-awner af SOAR, a company

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haiicuting techniques. and salon nianagement.
_ Avif thak weren't enough professional activity,

Janes is a Color Master Artist with Clairol

Professional and spokesperson forthe

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Jaanes ofterr echicates ih the national show

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PAGE 16, THURSDAY, SEPTEMBER 20, 2007 THE TRIBUNE

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THE TRIBUNE

Annual Home and Builders
Show donates to Girl Guides

THE Bahamas Annual Home
and Builders trade-show and exhi-
bition has come to the aid of the
Bahamas Girl Guides Associa-
tion,

The trade show and exhibition,
which is now in its seventh year,
usually gives part proceeds from
the show to charitable organisa-
tions.

Proceeds from last year have
been given to the Girl Guides to
be used to build a new headquar-
ters and upgrade the Guides’
camp site, it was announced this
week.

Constance Miller, chief com-
missioner of the Guides, thanked
Mr Nikita Curtis, president of the
Bahamas home and builders
show, for the donation.

The Bahamas Girl Guides
Association is the national guide
organisation of the Bahamas.

It has more than 2,000 mem-
bers and is one of the oldest
youth organisations in the
Bahamas.

The Bahamas Girl Guides was
founded in 1915 and became a full
member of the World Associa-
tion of Girl Guides and Girl
Scouts in 1975.

The Association is divided in
four branches according to age:

e Sunflowers — ages five and six

e Brownies — ages seven to 10

e Guides — ages 10 to 14

¢ Rangers — ages 14 to 18

October has been earmarked
Girls Guide Cookie Month and
the young ladies will once again
be at the show selling their cook-
ies.

In recent times the net proceeds
from the door have been present-
ed to noteworthy charities such
as NEMA and the Cancer Society

’ of the Bahamas

This year, the show will take
place at the Wyndham Cable
Beach Resort on October 26 to
28.

“The one-of-a-kind show will
give attendees the opportunity to
attend interesting seminars, gain
invaluable tips on the local home
and building industry, and win
more than $50,000 in fabulous
prizes and surprises,” said a
spokesperson. “This year's show
and exhibition promises to be bet-
ter than ever before thanks to its
proud sponsors.”

Some of the sponsors thus far
include Colinalmperial, the US
Embassy, Arawak Homes and
Commonwealth Building SP.
plies.



PICTURED (L- R) ARE: Constance Miller, chief commissioner Gi Guides;
Maria Symonette; Nikita Curtis, president of the Bahamas home and

builders show.

Colina Imperial Insurance Ltd
will have a booth with staff to dis-
seminate information associated
with building and construction.

Commonwealth Building Sup-
plies will also be on hand to dis-
cuss the hardware issues and con-
cerns of persons attending the
event.

Arawak Homes will have rep-
resentatives on hand to discuss
home ownership plans and ideas
with homes owners and potential
home owners.

The home and builders show
has evolved into a highly antici-
pated event, which is frequented
by persons directly and indirectly
involved in the construction,
building and home industries.

“Everyone from contractors
and plumbers to ladies looking
for interior designing tips flock to
the show which averages over
6,000 attendees over the week-
end,” said the spokesperson.

There will be more than 80
booths including banks, insurance
companies, sub-contractors, engi-
neers, building supply companies,
interior decorators and security
companies.

Patrons will also have the
opportunity to learn about the lat-
est products and services avail-
able in the building industry from
both local and foreign vendors.

“The exhibition is the only
venue in the Bahamas and the
Caribbean, that brings together
all the major players in the home
and building Industry to network
and exhibit their products and ser-
vices to each other and the

~ Bahamian public-all at one time,

and under one roof.

“Some of the major foreign
companies that have participated
in the show over the past few
years include 84 Lumber, Home
Depot and Southern Pine Coun-
cil,” said the spokesperson.

On Saturday, October 27, the
show will open to the general pub-
lic between 10am and 6pm. Island
102.9 FM and Love 97.5 FM radio
vans will be on site to meet with
exhibitors and provide an oppor-
tunity for them to market their
products and services on the
radio.

On Sunday, the show will open
to the general public between
noon and 6pm. A Joy 101 FM
radio van will be on site. To
ensure a large attendance, several
exciting events will be organised
with the highlight being the draw-
ing of show prizes between 4pm
and 6pm.

The Bahamas home an builders
show was created in 2000 by Spe-
cial Events Bahamas Ltd (SEBL),
a Bahamian company created to
serve as a “market maker” in the
Bahamian home building and
remodeling sector.

The goal was reportedly to
establish a platform for local and
international companies interest-
ed in the Bahamian, home build-
ing to showcase their products
and services to the local con-
sumer.

The show also serves as an
opportunity for companies to pro-
mote, network and share infor-
mation among themselves and
with other industry leaders and
partners.

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PAGE 18, THURSDAY, SEPTEMBER 20, 2007

& CHEDDAR SUB




Palmdale * Paradise Island * Oakes Field
Bernard Road, Roundabout (Drive-Thru) * Regent Centre (Freeport)

Major Credit Cards Accepted (Not At Drive-Thru)

DIAMONDS International
has joined Dame Maguerite Pin-
dling in raising funds towards
paying a $90,000 deficit which
has been accumulated by the
Ranfurly Home for Children.

The company has joined with
Dame Maguerite along with
other key supporters of the
Ranfurly Home to announce the
organisation’s participation in
this national effort.

Diamonds International has
reportedly taken on the respon-
sibility of selling 500 raffle book-
lets.

The employees of DI have
committed to a minimum of two

Diamonds International, Dame Maguerite Piling

raising funds towards Ranfurly Home deficit

raffle book per staff member,
the raffle tickets sell for $1 with
20 tickets per booklet.

“We are encouraging the gen-
eral public to become involved
and do their part in order to
keep the operation of facilities
for the children ongoing, and
ongoing successfully”, said
Anthony Smith, marketing man-
ager at DI.

Diamonds International cor-
porate partners assisting in this
cause include: the Miss
Bahamas Organisation, Devince
Volleyball team, and the
Bahamas Chamber of Com-
merce.



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THE TRIBUNE



Lae

Kelda McDonald, payroll and
benefits officer at DI said, “We
are happy to see that our
employees are so willing to
extend themselves for this cause.

“Some of us grew up in more
privileged circumstances, while
others had difficulties and chal- _
lenges, so it is quite refreshing '
to see when your colleagues and
staff members join together for
worth while effort”.

The raffle drives ends at the
end of October.

For more information regard-
ing tickets, please call Mr.
Anthony Smith or Sandra Ford
at: 323-4054.

L at f
NEW PROVIDENCE

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har

4

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THE TRIBUNE



Typhoon :
weakens as it —
hits eastern
China, calises
little damage

@ SHANGHAI, China

TYPHOON Wipha weak-
ened Wednesday as it swept
through eastern China, bring-
ing torrential rains that
destroyed thousands of hous-
es, flooded streets and dis-
rupted air traffic in the coun-
try’s financial center of Shang-
hai, according to Associated
Press.

Authorities in Shanghai
and nearby provinces evacu-
ated some 2 million people,
mostly from coastal regions,
boats and unsafe housing.
One man was electrocuted in
the city, local media report-
ed.

Local meteorological offi-
cials had warned Wipha could
be the most destructive storm
to hit eastern China ina
decade, but it was not as bad
as expected.

_ It was downgraded to a
tropical storm after it tore
into the coast south of Shang-
hai before dawn. It passed to
the west of the city later ir
the day, as clouds whipped
past its many skyscrapers.

The storm destroyed thou-
sands of houses and disrupted
power to more than 100 com-
munities, the official Xinhua
News Agency reported, citing
the Ministry of Civil Affairs
and provincial officials.

It said preliminary esti-
mates put the damage at $638
million and likely to rise.

Shanghai, a city of 20 mil-
lion, closed schools, ferries
and other transport links fol-
lowing forecasts of torrential
rains and strong winds.

The Meteorological Bureau
in Zhejiang province reported
that Wipha was downgraded
into a tropical storm after it
made landfall and its sus-
tained wind speeds dropped
below 74 mph.

By evening, Wipha was
passing to the northwest of
Shanghai, with wind speeds
of 55 mph, weather reports
said.

State television showed
flooded streets, fields and
homes. Rescue workers hand-
ed out packets of instant noo-
dles and ferried residents
stranded by local flooding to
higher ground.

The storm hit land near
Cangnan in southern Zhe-
jiang province, some 250 miles

south of Shanghai.

Organizers of the women’s
World Cup rescheduled
Wednesday’s Shanghai match
between Norway and Ghana
to Thursday and moved it to
the neighboring city of
Hangzhou. Three Wednesday
games were rescheduled for
Thursday, to allow them to
be played:simultaneously with
other final group matches.

On Tuesday, one worker
was reported killed and
another seriously injured as
the fringe of the typhoon
lashed Taiwan, knocking
down scaffolding at a high-
way construction site in
Taipei, Taiwan’s Disaster
Relief Center reported.





I [\'/ up to
dollars in

INTERNATIONAL NEWS |

THURSDAY, SEPTEMBER 20, 2007, PAGE 19

Iran set to retaliate case of attack




by Israel, air force official says

m@ TEHRAN, Iran

THE deputy commander of
Iran’s air force said Wednesday
that plans have been drawn up
to bomb Israel if the Jewish state
attacks Iran, according to the
semiofficial Fars news agency,
according to Associated Press.

The announcement came
amid rising tensions in the
region, with the United States
calling for a new round of U.N.
sanctions against Iran over its
disputed nuclear program and
Israeli planes having recently
overflown, and perhaps even
attacked, Iranian ally Syria.

On Sunday, French Forcign
Minister Bernard Kouchner said
the international community
should prepare for the possibili-
ty of war in the event that Iran
obtains atomic Weapons,
although he later appeared to
soften that statement.

“We have drawn up a plan to
strike back at Israel with our
bombers if this regime (Israel)
makes a silly mistake,” Gen,
Mohammad Alavi was quoted
as telling Fars in an interview.

Fars confirmed the quotes
when contacted by The Associ-
ated Press, but would not pro-
vide a tape of the interview. The
Iranian air force had no imme-
diate comment.

Defense Minister Mostafa
Mohammed Najjar told the offi-
cial IRNA news agency Wednes-
day that’“we keep various
options open to respond to
threats. ... We will make use of
them if required.”

Iran’s elite Revolutionary
Guards released a statement that
the nation was ready for a mili-
tary confrontation.

“Iran, having passed through
crises ... has prepared its people
for a possible confrontation
against any aggression,” IRNA
quoted the statement as saying.

White House press secretary
Dana Perino called Alavi’s com-
ment “unhelpful.”

“It is not constructive and it
almost seems provocative,” she
said. “Israel doesn’t seek a war

with its neighbors. And we all
are secking, under the U.N.
Security Council resolutions, for
Iran to comply with its obliga-
tions.”

Secretary of State Condoleez-
va Rice said the United States
is committed to diplomacy.

But she said “it can’t be busi-
ness as usual” with a country
whose president has spoken of
wiping Israel off the map.

For diplomacy to work, Rice
said during a visit to Jerusalem,
“it has to have both a way for
Iran to pursue a peaceful reso-
lution of this issue and it has to
have teeth, and the U.N. Securi-
ty Council and other measures
are providing teeth.”

Isracli Foreign Ministry
spokesman Mark Regev said,
“Unfortunately we are all too
accustomed to this kind of bell:
cose, extremist and hateful lan-
guage coming from Tran.”

“We take the threat very seri-
ously and so does the interna-
tional community,” he added.

Contingency

Iran has said in the past that
Israel would be Iran’s first retal-
iatory target if attacked by the
United States, but Alavi's com-
ments were the first word of spe-
cific contingency plans for strik-
ing back on Israel. r

Many in the region fear Isracl
could launch airstrikes on Tran-
ian nuclear facilities to prevent it
from building a nuclear weapon.

Alavi also warned that Israel
was within Iran’s medium-range
missiles and its fighter bombers,
while maintaining that Israel was
not strong enough to launch an
aerial attack against Iran.

“The whole territory of this
regime is within the range of our
missiles.

“Moreover, we can attack
their territory with our fighter
bombers as a response to any
attack,” the general said.

An upgraded version of Iran's
Shahab-3 missile has a range of
1.250 miles, capable of reaching

Isracl and carrying a nuclear
warhead.

Alavi said Iran’s radar bases
were monitoring activilics at the
country’s borders around the
clock and boasted that it had the
capability to confront U.S. cruise
missiles.

“One of the issues the ene-
mies make: publicity about is
their cruise missiles. Now, we
possess the necessary systems to
confront them,” Alavi was quol-
ed as saying.

Iran’s ambassador to Kuwait
said in an interview with the
Kuwaiti Al-Rai newspaper that
U.S. bases in the Gulf would be
targeted if the country was
attacked.

“Tran won't immediately
strike U.S. bases in the region if
it comes under a military strike,
It will hit the base from which
the strike against it came,” Ali
Jannati told the newspaper.

“But I don’t think the Gulf
nations would allow that a strike
be launched from their territo-
ry.” ‘

Kuwait has a major U.S. base,
which helps supply troops in
Iraq. The U.S. Sth Fleet, which
patrols the Gulf, is based in
Bahrain, and the U.S. forces’
Central Command ts based in
Qatar.

A top Revolutionary Guards
commander said this week that
Americans could be found all
around Iran and that they were
legitimate Iranian targets if the
U.S. takes military action.

“Today, the United States is
within Iran’s sight and all around
our country, but it doesn’t mean
we have been encircled. They
are encircled themselves and are
within our range,” Gen.
Mohammed Hasan Kousehchi
told IRNA, referring to U.S.
units in Iraq and Afghanistan,

In Ankara, Turkey, on

Wednesday, Underseeretary of

State Nicholas Burns called for
U.N. Security Council members
and U.S. allies to help push for a
third round of sanctions against
Iran over its nuclear program.

Burns said Washington was





AT

Just spend



U. S. UNDERSECRETARY of State Nicholas Burn speaks to the media after his meeting with Turkish Prime
Minister Recep Tayyip Erdogan in Ankara, Wednesday, Sept. 19, 2007. Burn called Wednesday for U.N.
Security Council members and U.S. allies to help push for a third round of sanctions against Iran over its
disputed atomic work.

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“pursuing peaceful diplomacy,” .

and urged Iran to cooperate.
However, he said the “responsi-
bility lies with Iran to choose
negotiations.”

“We are going ahead to try to
sanction Iran again, and we hope
very much to have the support
of Russia and China and the oth-
er countries in the council for
that,” Burns said.

“We have very strong support
of France and Britain in this
respect.”

Sanctions

Russian Foreign Minister
Sergey Lavrov on Tuesday sig-
naled Moscow’s opposition to a

third round of sanctions, and‘

praised a recent agreement
between Tran and the Interna-
tional Atomic Energy Agency
aimed at resolving outstanding
issues.

U.N. Secretary-General Ban
Ki-moon urged Iran to cooper-
ate fully with the LAEA, the
ULN.’s nuclear watchdog agency,
and the Security Council to set-
tle the dispute, saying the Unit-
ed Nations wants a peaceful
solution,

Two U.N. resolutions impos-
ing sanctions on Iran have failed
to persuade the country to sus-
pend uranium enrichment.
Tehran insists the program is
aimed at producing energy for

civilian use but the U.S., its
European allies and many others
fear the program’s real aim is to
produce nuclear weapons.

Burns said he would host a
meeting Friday with the partici-
pation of permanent members
of the Security Council “to look
at the elements of a third reso-
lution.”

Talks on a third U.N. resolu-
tion that would impose new
sanctions on Iran were expected
next week in New York, when
world leaders attend the annual
ministerial session of the U.N.
General Assembly.

“All countries should do their
best ... to sanction Iran on their
own according to their laws,”
Burns said.

On Sunday, Kouchner said
France had appealed to major
companies such as oil giant Total
and gas giant Gaz de France not
to bid for projects in Iran.

He also said France and Ger-
many were preparing possible
European Union economic sanc-
tions against Tehran beyond
existing U.N. measures.

“The whole trend is away
from commercial engagement
and toward sanctions whether
that’s Security Council sanctions

or individual sanctions,” Burns _

said.

He said U.S. allies and friends
Turkey, Germany, Japan, South
Korea and India should consid-
er similar actions.

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THE TRIBUNE




~ PAGE 20, THURSDAY, SEPTEMBER 20, 2U0/










Poets
performance
artists take

to the stage

POET AND performance artist Christine Wilson, aka "Crab," shares
her talent during the latest session of "Express Yourself," on Sep-
tember 12. The event, held at "Da Island Club" in the Nassau Beach
Hotel, is an open mic forum for poets, musicians and visual and
performance artists to share their work.

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Eric Rose/BIS

EU says it can pay for
multibillion-dollar Galileo
satellites with own funds

@ BRUSSELS, Belgium

EUROPE’S proposed niulti-
billion-dollar Galileo satellite
navigation project could be sal-
vaged with the help of unspent
EU funds and without addi-
tional taxpayer money, the
European Commission said
Wednesday, according to Asso-
clated Press.

The EU executive said it
could shift money within the
bloce’s 2007-2013 budget to
come up with the 2.4 billion
euros ($3.3 billion) needed to
bail out Galileo.

The Commission suggested
the money could come from
funds allocated for the agricul-
ture sector, for research and for
running the EU civil service.

Galileo was envisaged as a
rival to the U.S. GPS system,
operated by the Department of





ILO ETO

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PP PNATIN INTE DL ATL AN EB IINT



Dowdeswell Str
Rehind Scotia Bank
VYels BRW-€ TOF
Monday « Friday

NEADS. ABNER IONE ION TIENT NOTE

Defense, and touted as a key
high-technology venture for the
EU.

But the project was botched
when eight companies from
France, Germany, Spain,
Britain and Italy clashed over

the development of the system.

Public funds originally were
set aside to cover about one-
third of the construction of
Galileo, with the private sector
penciled in to provide the rest.
The total price tag has been
estimated at between 3.4 bil-
lion euros and 3.6 billion euros
($4.7 billion to $5 billion).

It is now up to EU member
states to decide whether to
accept the Commission pro-
posal and carry on with the pro-
ject, which is not expected to
be up and running before 2013.
EU transport ministers will
debate the issue again in Octo-
ber.







SHG

eet







“Galileo is a strategic project —
for the EU. We don’t want to
depend on the GPS signal, as
the United States can step in
at any time for military rea-
sons,” EU Transport Commis-
sioner Jacques Barrot told a
European Parliament commit-
tee when the funding proposal
was revealed. He said a final
decision on funding must be
made by the end of the year if
the system is to be in orbit in
2013.

The Commission said 2.2 bil-
lion euros ($3 billion) could be
transferred from an unspent
agriculture budget; 220 million
euros ($305 million) could be
provided from money ear-
marked tor administration; and
300 million euros ($410 million)
from the research budget.

Private companies could then
finance maintenance and oper-
ation of the system, Barrot said.

Galileo is envisaged to com-
prise a network of 30 satellites
beaming radio signals to receiv-
ing devices on the ground, help-
ing users pinpoint their loca-
tions. The system — interoper-
able with the 24-satellite GPS
— would more than double
existing GPS coverage, provid-
ing navigation for people from
motorists to pilots to emer-
gency rescue teams. It would
improve coverage in high-lati-
tude areas such as northern
Europe, and in big cities where
skyscrapers can block signals.

Developers say Galileo
would also be more precise
than GPS, zeroing in up to one
meter (3.3 feet), compared with
five meters (16.4 feet) with GPS
technology. However, only one
of Galileo’s satellites has been
launched, in December 2005.
The second satellite missed its
autumn 2006 launch date after
it short-circuited during final
testing.

Galileo was originally cnvis-
aged as a civilian-based system
run by a civilian authority,
which could not be turned off.
But Barrot said “the debate still
need to be open” on all possible
uses of the project, including
military or peacekeeping pro-
qects,



THE TRIBUNE THURSDAY SEPTEMBER 20, 2007, PAGE 21

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PAGE 22, THURSDAY, SEPTEMBER 20, 2007 THE TRIBUNE



| THURSDAY EVENING SEPTEMBER 20, 2007 ost
ae =
7:30 8:00 8:30 9:00 9:30 | 10:00 | 10:30 |
a epee BUENAS A ore eat
South Florida _|Presidential Debate Democratic candidates discuss _|Visiones: Latino |Independent Lens ‘La Lupe:
WPBT |War Stories issues at the Adler Theater in Davenport, lowa. (Live) |Art and Culture |Queen of Latin Soul” Singer Lupe
M (CC 1 (CC) Victoria Yoli. ( (CC) “i
~~ |The Insider (N) Survivor: China “A Chicken’s a Lit |CSI: Crime Scene Investigation Without a Trace “The Beginning’
1 (CC) tle Bit Smarter’ (Season Premiere) "Living Doll’ The team tries to track | 1 (CC)
| ( down the Miniature Killer. S = 31
oe. Access Holly- |My Name Is Earl Earl helps Joy as |The Office “The Job, Parts 1 and 2°|ER The new chief prepares to make
WT Vg Iwood (N) (0k) her trial arrives; includes previously |Michael, Jim and Karen go to New |changes in the ER; Kovac ie |

——2







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| unseen footage. (N) (CC) York for job interviews. (CC) pones his honeymoon. (C
~—~Teco Drive [Are You Smarter Than a Sth Grad- [Don’t Forget the Lyrics! Missing [News (N) (CC)
| WSVN ek? Adults answer elementary- lyrics. (N) 1 (CC)

school questions. (N) (CC)







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play moves forward. (CC) their exam results. (CC) moves into her cabin. (CC) j
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| Gags (CC) Hirsh. A television director becomes obsessed with his cousin. (CC)

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| FOX-NC |shepard Smith Susteren (Live) (CC) |







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| FSN FL tty lins Score (Live) .

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GOLF pen -- First Round. From Boise, Idaho. Verona, N.Y. | En joy Great Food, Prizes and Lots of Fun
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he Wrote (Jan accused murderer causes Jessi- {Dylan McLaughlin. An orphan develops an unlikely friendship with a re-

ca to question her guilt. (CC) cluse. (CC) ’m lovin’ it





| Buy Me Upkeep |Holmes on Homes ‘Let's Rejoist” |Restaurant Over Your Head |Disaster DIY — |Junk Brothers
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(N) Fastest (N) way in Bristol, Tenn. (N) sion

| Against All Behind the Michael Youssef |Bishop T.D. his Is Your Day|Praise the Lord (CC)
'TBN Odds (CC) {Scenes (CC) |Dr. Michael —_|dakes (CC) C
































HALL









TLC . arage “Firetruck|Racer 2” (N) team builds a custom chopper for crew continues work on the high-
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| TNT der “Standoff” © |defense lawyer is murdered in the enna Guillory, Oded Fehr. Survivors of a deadly virus battle zombies. |
| (CC) (DVS) couple's car. (CC) (DVS) CC) |
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(0) America’s | x x MAJOR LEAGUE: BACK TO THE MINORS (1998, Comedy) Scott | WGN News at Nine (N) (CC)
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Videos © (CC) |to play the Minnesota Twins. © (CC)

Family Guy Pe- Beal and the Geek A hot guy and a geeky gal throw the house into
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CW11 News at Ten With Kaity |













WPIX ter inftrates the turmoil. A. (CC) Tong, Jim Watkins (N) (CC)
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}HE TRIBUNE THURSDAY, SEPTEMBER 20, 2007, PAGE 23

THE JUNKANOO CORPORATION NEW PROVIDENCE LIMITED
IN PAR'TNERSIIIP WITH

TLE MINISTRY OF EDUCATION, YOUTH, SPORTS & CULTURE

Application

for

Prospective Judges

Applicant must be 2lyrs or over

OFFICAL USE ONLY

|__|

JUDGE NUMBER
THE 2007 / 2008 JUNKANOO SEASON

Please PRINT LEGIBLY all information in the spaces provided below and answer all questions and provide documentation including a
passport photo as requested or application may be subject to outright rejection

All information given by applicants will be subject to follow up background investigations and checks.

A. PERSONAL INFORMATION

Full Name (Ms./Mr/Mrs.) a oe _—_
* SURNAME FIRST MIDDLE Alias





Maiden name aliases nick names

Address. ee ; — ee
: (STREET, CITY, ISLAND)
Date of Birth : __ Country of Birth Age
P.O. Box oe ee Sex Nationality
(W) (H) CC)

Employer _ Profession



Telephone __

Employer's Address __



Email: _

B. GENERAL & BACKGROUND INFORMATION

Have you resided in the Bahamas for more than five years? (If NO please state previous residence)



Have you ever judged a Junkanoo Parade? (If YES please give year(s) of parade) _ _







a. Do you currently participate/rush with any Junkanoo group? If yes, name Group

b. Have you participated/rushed with any Junkanoo Group before If yes, name group





c. Are you an avid supporter of any Junkanoo Group? If yes, name group







d. Do you have any relatives and/or close friends who participate with any Junkanoo Group?



If yes name persons and group(s)_



e. Do you presently have any personal affiliation wi th ANY Junkanoo Group? (If YES please name the Group





f. Do you have any religious reason that may prevent you from judging a parade? (If YES please explain)









g. Do you work on Boxing Day and/or New Years? (If YES please state which)

h. Why do you wish to be a judge? . ee : —





Have you ever participated in any Junkanoo parade(s) before? (If YES please give the year and name of the group)

Explain how “integrity” relates to a judge and the parade

a



C. Given the above, are you confident that you are able to Judge a parade fairly and in an unbiased manner, based solely on your training and the presentation and performance of the groups during
the parades? Yes or ___No

Do you see Judging of Junkanoo Parades as a National contribution and civic duty? Yes or No

Do you know of any reason that would disqualify you for being allowed to Judge any parade? Yes or No

a

D. MEDICAL INFORMATION
Please note this section is for insurance and medical emergency purpose ONLY

Do you have any medical condition(s) that might prevent you from judging? (EG: asthma, heart condition, diabetes, hypertension, optical, hearing, etc.) If YES please explain and list any medication

that you take for that condition. oo - -



Are you allergic to any specific medicine? (If yes please list)
| understand that | may be liable to take a medical examination to determine my abilities in areas related to my ability to judge the parade and agree to the same.

Emergency Contact (LIST 2 PERSONS TO CONTACT IN THE EVENT OF AN EMERGENCY)



1. Name ; ee _ Relationship ee re
Telephone — (W) (H) - —{C)
2. Name / / ee Relationship ee oo



Telephone _ (H)



Declaration
i, declare that the information | have provided in this application is true and correct. I further agree that am of sound mind and body and pledge to be sober during the parade and to abide by all of
the rules. regulations and assignments set forth by JCNP or its assigns. | further understand and accept the full responsibility for the completeness and accuracy of the information that [have herein
provided. and accept full and complete responsibility for the same. If any of the information is found to be false and or misleading, either prior during or after a parade that I have Judged, I
render my self incapable of judging again in the future, and agree to stand liable for any such act, and that any and all scores tendered by me will be discarded.

~ APPLICANT SIGANTURE DATE
PASTE
PHOTO HERE

Completed applications should be submitted to the

Ministry of Culture, Morro Castle, Attention Mrs. Joan Henderson on
or before Friday, September 28, 2007



PAGE

JUDGE PARKER

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ACROSS

4 Merely a letter to make a
suggestion (6)

7 —Noempty point in making an

arrest (4,4)
A proper leisure centre — for
squatters? (6)
US president writing to a girl (5)
Legal overheads? (4)

Such as getting £1 for a

piece of cake (4)

Put your name down to sing? (4)
The soap man, familiarly (3)
A sound from the middle bottom? (4)
The one to the fore (in Russia?) (4)
Where, in America, a young royal
could get a welghty education (9)
Loco, perhaps, but calm and
collected (4)

He, self-centred, is a rotter (4)

No shortage of clothing (3)

Where, in Normandy, cave men lost
heart? (4) /

“Doubles”, reasonably enough,
thymes with “booze” (4)

Possibly said to be a Welshman's
platiorm (4)

A colourful emulsion, say (5)

They built villas and manors (6)
Like ail my readers (8)

Focal point of recent change (6)

Yesterday's cryptic solutions
ACROSS: 1, Wealth 7, On the way 8, Fill 10, Sea-Ted 11,
I'm-pede 14, Red 16, Pores 17, Leer 19, Fired 21, Sited
22, Het up 23, Deep 26, Sewar 28, G-'un 29, Prompt 30,
Futile 31, A-Vid. 32, Re-sent-ed 33, E-aster
DOWN: 1, We-asel 2, Loiter 3, H-old 4, Thumped 5, Owner
6, Tyres 8, Fare 9, Led 12, P-od 13, Dense 15, Vitus 18,
Elder 19, Fit 20, Rep. 21, Serpent 22, He-m 23,

Duties 24, Enid 25, Peeler 26, Sport 27, Worse 28, Guy
30, Fade








Tribune Comics

OH, NO-13 \ SHE'S FINE.
LUANN |THIS IS ABOUT
WORS







24, THURSDAY, SEPTEMBER 20, 2007

I MADE
THEM TAKE
OFF THEIR
CLOTHES.---
AND TIED

THEM UPs








FPS

IDEA,
DAGWOOD!



‘FRAID NOT,
MRS. MILLER

OW, 1S
SUSTA SHINY

| CRYPTIC PUZZLE |

DOWN

1

2
3

8

8 8B BR BRE

BRE

Has it bad name with
vegans? (5)
Cover for a dagger? (5)
Short fuses have their
advantages (4)
Small branch assembly for prigs (5)
The fools need a variety of gums (4)
There’s plenty | have on, since it's so
soothing (6)
To start a fire could be quite a bit
disquieting (6)
Played up again (3)
Soine troops use the Paris
underground (5)
Women with wrong-headed
desires? (7)
A childish issue? (3)
He or she will come next month —
shortly, anyway (3)
Container for keeping coal in,
curiously? (3,3)
Ghanaian river with electrical
potential (5)
Shoot for the big prize (3)
In little England, it's even less (3)
Wolfishly, can it snarl yet coo,
possibly? (8)
That over there in Tokyo,
normally? (3)
One place you can’t walk away from,
as in church (5)
Team to succeed with only about half
a gate? (5)
Soak for a high price? (5)
Move fast with a lot of skill (4)
Only an excuse, but
this sure Is funt (4)

SPE

Yesterday's easy solutions

ACROSS: 1, Ascend 7, Imperial 8, Disc 10, Creche 11,

Rating 14, Ate 16, Tacos 17, Errs

Flags 8, Dear 9, She 12, Tar 13, Ni






BUT I GOT SOME CHICKENS
WHO WORE TEENY LITTLE









AND THE GUN? \ A TOY SHOP.--I
WHERE DID IT PICKED IT UP ON
COME FROMZ MY WAY TONIGHT!



EVIL SPIRITS, PREMONITIONS,
ANGELS — HAVE YOU LOST
YOUR MIND 27



SS ih
SY



OKAY THEN, WHO'S GOING TO TELL |
THE BOSS WE'RE GOING WeyoIr

WAS YOUR
IDEA, DAG!

COUNT
ME OUT!



ANKLE MONITORS







TAROT

PEYCIINTRY

WILE IPE @ cARTHLUDE. HET



IN THAT CASE,
I PROBABLY
VION'T VEoP
ANYTHING




















COMICS PAGE

“MoM, WOULD YOU WRAP THISZ BUT DON’T



DEAR Santa,

EVERY YEaR at THIS TIME

I SENd You q List oF

WHat I Want FoR
CHRistMaS ,

x
Z
>
FS
z
3
3

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LOOK INSIPE,’CAUSE ITS FOR YouL”

Contract Bridge



ARE You INSANE ?? Have
You GONE SENILE 2> Can't
You REAd Pa OR are You

Just 9 vindictive, Twisted
ELE BENT ON dESTROYING
LITLE Kids’ dREams Po,

THE TRIBUNE








ANd EVERY YEaR You
CALLoUSLY IGNORE ‘it ANd
BRING Me PRacticaL THINGS
I 4ON't WaNt at ait.
WHats tHE deal Av





YOU MIGHT
WANT TO
SLEEP ON

L KNOW, BUT
\T FELT GooD
To WRITE IT.





You are South, and the bidding

has gone:
West North East South
14% Dble Pass 2

_ What would you bid with each of
the following five hands?

1. # J98753 ¥ 742 @AQ9 # 10

2. #J84 ¥ KIS 963 & KJ98

3. @ Q92 ¥ J7652 83 & 943

4. 763 ¥ QJ94 @ AIS & K84

5. # Q653 ¥ 8 @ KQ64 & AQ72

x**ex*

1. Two spades. The most common
way of showing strength opposite a
takeout double is by making a jump-
response. Partner’s double indicates
at least an opening bid and implies
support for the unbid suits. If you
were to respond one spade with this
hand and also with, say, # J854
Â¥ 964 1032 4 872, partner could
hardly guess which hand you actu-
ally held.

Certainly this hand has the poten-
tial for producing a game in spades.
While you have only seven high-card
points, the six-card suit and singleton
club bring your values up to at least
1] points, particularly when partner
has more or less guaranteed spade
support and is probably short in
hearts. Some players might even
jump directly to four spades, and
they would be right more often than
not.

2. One notrump. Here you have
more high-card points, but less

Bidding Quiz

chance for game. It is better to bid

one notrump than two clubs, as the
notrump response indicates some
high-card values (about six to nine
points), at least one heart stopper and
balanced distribution, while two
clubs could be based on no points at
all.

3. One spade. This is an unpleas-
ant predicament, but you’re not
responsible for holding a bad hand
when partner doubles. It would be
wrong to pass, as your hearts are not
strong enough to assure defeat of one
heart, and equally wrong to bid one
notrump, which shows more values.
It’s no pleasure to respond in a three-
card suit, but there’s no better bid
available.

4. Two notrump. With 11 high-
card points, hearts doubly stopped
and flat distribution, two notrump
(invitational) is the standout
response. Change the spade seven to
the queen and you’d bid three
notrump.

5. Two hearts. This is clearly a
game-going hand, as you have an
opening bid facing an opening bid.
However, you can’t tell whether the
hand will play best in spades, dia-
monds or clubs.

Instead of trying to guess the nght
suit to bid, you should cuebid the
opponents’ suit to force partner to
make the choice. You plan to raise
directly to game in whatever suit
partner names.

| TARGET



WOW many words of four le(lers or more can you
make from the letters shown here?In making a word,
‘each letter may be used once only. Each must contain
the centre letter and there must be at least one nine-
letter wprd. No plurals or verb forms ending in “s”, no
words with initial capitals and no words with a hyphen
or apostrophe permitted. The first word of a plirase is
permitted (e.g. inkjet in inkjet printer).

TODAY'S TARGET

Good 17: very good 26: excellent 34 (or more).



YESTERDAY'S SOLUTION

ACROSS pon
4 Previously (6) 1 Worries (5)
7 Recur (8) 2 Material (5)
8 — Musical interval (6) 3 Chorch recess (4)
uu 10 Clan (5) 4 Wide (5)
ae 13 Female horse (4) 5 Destiny (4)
N 14 Rational (4) 6 Gully (6)
N 15 Assistant (4) # — Moron (6)
> 16 Finish (3) 11 Uncooked (3)
oO. 17 Agents (4) 12. _Brimless cap (5)
> 19 Sentimental (4) 13 Errand (7)
Mn 21. Inthe sky (9) 15 Mimic (3)
< 23 Schedule (4) 16 Slippery fish (3
Lu 24 Charged particles (4) 18 Dolited a
26 Wager (3) ’ 20 oe
27 Norse god (4) 21 a ®)
29 Snare (4) 22 Hill (3)
22 eee (4) 23 Cheese ingrediont (6)
34 Works dough (6) : ee hago
Â¥ 35 Herb (8) 30 ee Gi
36 Position (6) 31 Coin (5)
19, Later 21, Fetid 22, 32 Daybreak (4)
33 Rope (4)

Begin 23, Crew 26, Besom 28, Too 29, Anyway 30,
Remote 31, Unit 32, Glawered 33,
DOWN: 1, Apache 2, Edicts 3, Dice 4, Debated 5, Civic 6,

Ensure

loose 15, Ratio 18,

Raven 19, Leg 20, Tin 21, Females 22, Bow 23, Comics

| Ruce

24, Root 25, Whence 26, Barge 27, Synod 28, Ten 30,

erupt outer PIROUETTE pour pout pouter pure puree

putt puttee putter repute roul route rupee foupee four

foul troupe trout true tutor utter



THURSDAY,
SEPT 20

ARIES -— Mar 21/Apr 20
There’s a bigger picture at play this
week, Aries, but you’re just having
trouble seeing it. Take off the rose-
colored glasses and it may just come
into focus.

TAURUS - Apr 21/May 21
You have a goal, Taurus, so what’s
the hold up in getting started on
achieving it? Pisces lends a helping
hand on Wednesday, and the end of
the week has some banner days.

GEMINI - May 22/Jun 21
There’s more to a relationship you
have than meets the eye. Others
don’t know just how much you care
for this person. It could be time to let
them in on your little secret.

CANCER - Jun 22/Jul 22

If you need help with something.

Cancer, you just have to ask for it. You

have many willing helpers just waiting

for an invitation to get involved. Libra,
is one of them.

LEO - Jul 23/Aug 23

You may want to put the brakes on a
financial venture you were consider-
ing, Leo. Let’s just say the stars are
showing that something may not be
on the “up and up” with this deal.

VIRGO — Aug 24/Sept 22

If you like roller coasters, Virgo,
then you’re going to love the week
you’re about to have. There will be
no time for boredom because your
schedule will be jam-packed.

LIBRA -— Sept 23/Oct 23
Give a lot of thought to your actions,
Libra, because this week you cannot
get along by winging it. Expect a rep-
rimand at work. But the entire situa-
tion settles down by day’s end.

SCORPIO — Oct 24/Nov 22
Does the sound of a few days of rest
and relaxation sound good to you,
Scorpio? It probably does, consider-
ing you've been working yourself to
the bone for quite a while now.

SAGITTARIUS — Nov 23/Dec 21
It’s time to make moments count with
a family member with whom you’ve
had a recent falling out, Sagittarius.
Be honest and accept responsibility
for anything you’ve done.

CAPRICORN — Dec 22/Jan 20
If you’re looking for a ray of sunshine,
you’ ll find it with family members who
are close by, Capricom. They’re just
looking to spread their good fortune
and spirits to you.

AQUARIUS - Jan 21/Feb 18
Patience is a virtue not many people
possess, Aquarius. You'll need it in
droves when you support a loved
one who is experiencing a rough
patch. All things pass, however.

PISCES — Feb 19/Mar 20

Do not take on any mor work, Pisces,
unless you want to get bumt out. You
have enough on your plate to last for
days, so focus on that.

CHESS by Leonard Barden

Rustam Kasimdzhanov v Boris
Gelfand, world championship
candidates, Elista 2007. The
diagram looks winning for Black,
who is a pawn up with active
pieces. In reality, both players 8
had spotted a concealed trap,
which White (to play) reckoned
a drawing plan while Black b
calculated he would gain a
decisive advantage. As often
occurs in grandmaster chess, 4
they both looked deeper and the
game took a different course. 4
Can you spot the trap move and,
its sequel?

LEONARD BARDEN





Chess solution 8454: 1 Qxt5 tempts Bb7? when 2
Q{8* Kh7 3 Qf5+ is. a draw by perpetual check. But
Black would have instead replied 1. Qxf5? Qxq2+! 2
Rxg2 Rel + 3 Rql Bb7+ 4 Qed Bxed mate.





VHURSDAY, SEP! EMRE! 20, 2007, PAGE 25

THE TRIBUNE





We are enhancing our GSM Network fo
serve you better. Customers may
experience service disruption __.
throughout the national —
network during this time







For more details Call BTC 225






_ Poor service and attitudes are two of the top four
reasons that unsatisfied visitors gave for not
wanting to return to The Bahamas. How we treat _
our visitors determines whether we create a satis-
fied, returning customer or a crusader against a
| Bahamas vacation.

Waiters: You too are a part of the house that tourism
built. a



THEIR WORLD JUST TURNED
UPSIDE DOWN

NEW STRONGER FORMULA
WITH BETTER SMELL.
Show insects no mercy.

ww

Oubibieliias
rv
car
oe
«

seis 4 om
HY BAHAMAS, oD i
crema mnie








ve

yt a
G@Johnson

A FAMILY COMPANY



if,
ei bi
i





THE TRIBUNE

PAGE 26, THURSDAY, SEPTEMBER 20, 2007

a





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inders to pay '

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on. You W



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, your account



IMI



ite at www.bicbahamas.com

302-7199
gsmcreditlimits@btcbahamas.com

For more information
click GSM Credit L

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© 2 ©
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THURSDAY, SEPTEMBER 20, 2007

SECTION



business@tribunemedia.net



The Tribune







ECA ECan AON RETA

Money Safe.

Money Fast.

MoneyGram.



yp saeane uaa: “Croan, Ueda) ide

Santon wh

SR a Oi ane RRR, asa

BISX chief ‘fearful’ on

public sector debt mis:

@ By NEIL HARTNELL
Tribune Business Editor



he Bahamas

International

Securities

Exchange’s

(BISX) — chief
executive yesterday said he was
“fearful” the Bahamas would
miss an opportunity to grow its
capital markets and increase
the wealth of its people if the
Government did not list and
register its paper debt securi-
ties on the exchange.

Keith Davies told The Tri-
bune: “IT really don’t want the
country to miss an opportunity
to take advantage of what we
have before us in terms of
developing our capital markets.

“It is everything in terms of
creating a new market for equi-
ty fund raising, the desire of
BISX to truly develop venture









STR UTILITY
PARI
BCA SMH
Bahamas funds

@ By NEIL HARTNELL
Tribune Business
Editor



THE owners of a top Eng-
lish Premier League club
have lost their appeal to
overturn a Supreme Court
order that froze a $9 million
account they held with UBS
(Bahamas), but only by a
slim two-to-one majority
verdict.

Arcadi Gaydamak and his
son, Alexandre, owners of

SEE page 4B








Ee)

* Exchange working with BICA to develop ‘template’ for all financial filings by listed equities
* Warns capital markets development will be stunted if government does not agree
to list paper debt on exchange, as it is ‘benchmark for all other issues’

capital in the country and all
the learning that comes with it.

“It leads on to the creation of
a formalised securities market,
with the establishment of a cen-
tralised securities depository
that allows for straight-through
processing of paperless trans-
actions, and the establishment
of the listing and trading of
securities from the largest
issuer in the Bahamas.”

That, of course, is the Gov-
ernment with its various issues
of government-registered stack
and Treasury Bills.

Outstanding central govern-

we

Keith Davies



ment debt issues amount to
more than $2 billion in value,
and that does not include the
debt of corporations and public
agencies that it has guaranteed.
The listing and trading of such
paper securities on a formal-
ized exchange would give BISX

the critical mass, in terms of

capitalisation, volume and
breadth of investor options,
that it has been seeking since
first going live in summer 2000,
and help to encourage savings
and investments in a culture
that desperately lacks such
wealth-building notions.

Mr Davies described central
government paper debt issues
as “the benchmark against
which all other issues are
made”. This is because the
interest rate or coupon
attached to government debt
issues is often used as a yard-
stick against which all other
securities issues are measured
to determine their price - equi-
ty issues, bonds, preference
shares and the like.

Without the listing of central
government debt issues on
BISX, Mr Davies said the
Bahamas and its capital mar-

Bank ‘very close’ to Love Estates solution

@ By NEIL HARTNELL
Tribune Business Editor

FIDELITY Bank
(Bahamas) chief executive told
The Tribune that a resolution
to a 10-year legal dispute in
which it has been embroiled
“is very close to being con-
summated”, the purchaser of
a New Providence real estate
development now just await-
ing some final Ministry of
Works approvals.

Anwer Sunderji said of the
Love Estates saga, which has
been noted in the bank’s annu-
al financials for numerous
years: “That [resolution] is very
close to being consummated.
All the legal aspects have been
resolved. The buyer is just
waiting for some approvals

from the Ministry of Works,
and then they will close.

“It’s not an issue for us any
more. It’s something that we
just need to complete.”

Fidelity Bank (Bahamas)
became exposed to the Love
Estates project in its previous
guise as British American
Bank in 1988, when it agreed
to lend funds to the initial
developer and guarantee per-
formance bonds in favour of
the Ministry of Works totalling
$3.328 million.

Both the loan and bonds
were secured by a mortgage
over the unsold lots in Love
Estates. The works were sup-
posed to be completed in 36
months, but the developer
defaulted, leaving Fidelity
Bank (Bahamas) in possession

of the project.

The Ministry of Works
obtained a judgment against
the bank and developer for an
amount equal to the bonds in
2001, with Fidelity negotiating
with prospective buyers all the
while.

Fidelity Bank (Bahamas)
was then sued over a Septem-
ber 24, 1997, sales agreement
relating to Love Estates, and
despite alleging that not all
conditions of the sales agree-
ment had been met, agreed to
enter into a Deed of Settle-
ment with Rolling Hills Devel-
opment Corporation.

As part of the settlement,
Fidelity paid $350,000 in costs
in 2004 to Rolling Hills, with
the latter assuming responsi-
bility for infrastructure instal-

Important.

Notice

Please note Pats our ABMs
will be down Thursday,

September 20, 2007.

VVe apologize for any
inconvenience this may cause.

Thank you in advance for
your cooperation.

bes Bank of The Bahamas

@inroerRnarionNnat
Revolutionizing The Way You Bank

New Providence * Grand Bahama © Andros © Inagua e Exuma
San Salvador
Head Office Nassau: (242) 397-3000

vuvuvv.BankBahamasOnline.com



lation and entering into new
performance bonds with the
Ministry of Works, enabling
the bank to cancel the previ-
ous ones it entered into.

Meanwhile, Walter Wells,
head of Caribbean Bottling
Company (Bahamas), the
Coca-Cola, Fanta and
Schweppes distributor in the
Bahamas, is standing for elec-
tion to. Fidelity) Bank
(Bahamas) Board of Directors
at its annual general meeting
(AGM) next Wednesday.

Mr Sunderji said Mr Wells,
who was a former senior exec-
utive with both Common-
wealth Bank and. First-
Caribbean International Bank
(Bahamas), had “years and
years of experience in bank-
ing”.

kets faced the prospect oi
falling behind regional rivals
such as Barbados, upon which
it had enjoyed a head start.

“It is something that should
be a priority for the country,
and I am fearful we will miss an
opportunity to take advantage
of what we have ahead of us.”
Mr Davies added.

The proposal for the govern-
ment paper securities market
has been worked on by BIS*.
the Central Bank of the

SEE page 10

Container Port
profit grows

30 per cent

@ By NEIL HARTNELL
Tribune Business
Editor _

FREEPORT Container |
Port’s operating income
increased by 30 per cent in |
2006, its parent company's
annual report has revealed.
largely due to the through-
put of twenty-foot equipnicnt
unit (TEU) containers grow-
ing by 31 per cent to 1.463. |
million. :

Hutchison Whampoa’
2006 annual report satd:
“Freeport Container Port on
Grand Bahama _ Island
reported throughput an
EBITDA |earnings before |

SEE page 4B



City Markets owne:
invests $4.4m in
chain over a yeat

THE new owners of
Bahamas Supermarkets, oper-
ator of 12 City Market stores in
New Providence and Grand
Bahama, have invested more
than $4.4 million in the chain
since acquiring the company in
August 20006.

Over the past year, BSL
Holdings, which acquired
Winn-Dixie’s majority 78 per
cent stake in Bahamas Super-
markets for $54 million, has
made capital investments in
computer systems and the
upgrading of information tech-
nology, including installation
of price checkers for customer
use and check-out counter
point of sale scanners with
inventory management.

The company installed heavy
duty offloading equipment and
began store renovations, refur-
bishing shelving, replacing
refrigeration, upgrading light-
ing and doing a great deal of
re-merchandising.

Employee uniforms were
introduced, and on top of the
capital investment, Bahamas
Supermarkets has beefed up
long-term planning, operations
and administration, bolstering
the purchasing, human
resources and marketing
departments.

“Frankly, we inherited some
very tired stores, and the mag-
ic Wand that we needed to put
the stores and distribution cen-
tre in the condition we wanted
them to be came with a hefty
price tag,” said Bahamas

Supermarkets chief executive.
Ken Burns.

“The Board of Ditectors
understood that. and their
commitment has been unwa-
vering. Their belief in the solid
foundation of the company and
the future of its market share is
strong.”

Bahamas Supermarkets has
also had to replace some 2.000
familiar products, Winn-Dixie
private brand labels that are
no longer available after the
supply contvact between the
two ended.

“We expected a slight tem
porary decline im sales as cus
tomers became accustomed to
new products.” Mr Burns said
“Sales reflect that customers
are becoming accustomed to
the new label, and \ ire
receiving a lot of compliments
on product selection.”

Some of the expenses
Bahamas Supermarkets faced
were unplanned, such as the
episode involving a garbage
disposal situation at its Rose!
ta Street store this week.

“We took immediate action,
and instead of a temporary
solution we decided to re-pour
the concrete pad and invest ta

more expensive leak-prool
compactor, the second one at
our stores.” Mr Burns said

Bahamas Supermarks
executives satd they felt
increasingly postlive about the

SEE page 12



PAGE 2B, THURSDAY, SEPTEMBER 20, 2007

THE TRIBUNE



. i ‘

“When we want comprehensive and insightful
articles about the business community,

The Tribune is our number one choice.

The Tribune is our newspaper.”

RYAN WILLIAMS, TROY SAMPSON,
and RENEA: BURROWS

APPROVED LENDING SERVICES

READ THE
BUSINESS

SECTION
MONDAY TO FRIDAY

The Tribune
My Voice, Wy Howrpeper!



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\

G The end of the twenti-
eth century saw a rapid
pace and rate of
_change within the
external environment of the
financial services industry. The
first decade of the new millen-
nium will see even more trans-
formation, with the world
changing at an unprecedented
speed....

“The' challenge for financial
services organisations is to antic-
ipate and be proactive to
changes, in order to avoid
launching inappropriate services
and products with structures,
costs, and systems unable to
meet customer demand and
expectations...

— Croft/Herin/Norton/Whyte,
Management and Organisation
in Financial Services

n the summer of 2000,
the Bahamian financial
services industry under-
went, quite arguably, one
of the most important and dra-
matic transformations it had
ever experienced, with the intro-
duction of legislative measures
that were designed to restruc-
ture, regulate and redefine the
legislative and regulatory envi-
ronment in which it operated.

On December 29, 2000, Par-
liament, in response to the
supranational initiatives of the
Financial Action Task Force
(FATE), the Financial Stability
Forum (FSF) and the Organi-
sation for Economic Co-opera-
tion and Development
(OECD), enacted legislation
that made this transformation
an inescapable reality to all but
the most passively-aggressive
industry participants.

Since the enactment of this
new financial legislation, many
Bahamas-based financial insti-
tutions and their clients have
grappled with the wide-ranging
and comprehensive Know Your
Customer (KYC) due diligence,
reporting and monitoring
requirements that have under-
scored and, in the eyes of some,
undermined the foundation of
the Bahamian financial services
industry.

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Legal
Ease |
(Ca

J

Even after years of diplomat-
ic and supranational politicking,
legislative amendments and
implementation, political
appeasement, and copious
explanatory/guidance notes,
many industry participants are
still wondering whether the long
trek from the year 2000 has
been an unpredictable and
unimaginative legal odyssey, or
a serendipitous- albeit surreal -
opportunity, to transform our-
selves into an internationally-
compliant international finan-
cial centre. This writer believes
it has been a little bit of both.

The legislative and financial
developments that have
occurred since summer 2000
have seen the Bahamas go from
international blacklisting by the
supranational bodies, and the
enactment of stricter financial
legislation (with the resultant
loss of client business to less reg-
ulated jurisdictions), to the
bestowal of Qualified Jurisdic-
tion (QJ) status, eventual
removal of the Bahamas from
the blacklist, and increased
respect within the international
financial community.

If that is not an odyssey of
incomparable political and eco-
nomic proportions, then it is
questionable what is.

However, what has emerged
from this “prolonged” odyssey
and the remnants of an unsur-
prising exodus of international
business to our offshore com-
petitors, is a-Bahamian finan-
cial services industry that has
not been sacrificed on the alter
of national sovereignty and
political grandstanding, as some
local and international pundits
would have us believe. It is one
that is, arguably, more compet-

itive, forward-thinking, and pro- ©

fessionally sound than seven
years ago.

Political rhetoric and eco-
nomic debate aside, most indus-
try participants would agree that
the legal and political impact of
the supranational initiatives,
coupled with the new legisla-
tion, has given us an expanded
opportunity as an economically-
resilient jurisdiction. This has
also heightened our commercial
awareness of the challenges and
demands of the global, interde-
pendent financial services indus-
try, of which we are a part. It

has made us critically re-assess_

and re-define the nature and
importance of our competitive
advantage.

Notwithstanding the legiti-

mate criticisms and intelligent
recommendations that have
been made to our government

leaders and industry captains.

since the enactment of the 2000
legislation, we must understand
that if we want to be seen as a
serious, internationally compet-
itive and professionally compe-
tent financial jurisdiction, we
must appreciate and embrace
the opportunities inherent in the
changing environment in which

Financial services
reform: opportunity
or road to nowhere

we work.

The Bahamian Financial ser-
vices industry will require its
participants to become more
proactive and increasingly vigi-
lant in diversifying and devel-
oping the economic parameters
within which it must function.

Whether the sector is adapt-
ing itself to fit more comfort-
ably and confidently within the
dictates and confines of inter-
national standards, or working
collectively with other interna-
tional financial agencies to com-
bat traditional or reverse mon-
ey-laundering activities, the
question that should always
remain at the forefront of our
mind is: “How can we be better
as an industry and as a jurisdic-
tion, without compromising or
devaluing our competitive
advantage?”.

The answer, if we are confi-
dent and courageous enough to
find it in the opportunities that
disguise themselves as the chal-
lenges that we now face, both
locally and internationally, may
not be an easy or comfortable
one.

However, it will require that
our fortitude and foresight not
be distracted or deterred by the
changing nature of the global
financial markets, or the chal-
lenges of would-be criminals
who seek to use our competi-
tive advantage to advance their
own. Make no mistake. The
challenges we will encounter in
years to come will become
greater, as we continue to
advance and compete in a glob-
al financial arena which often
judges, fairly or unfairly, our
credibility and sustainability as
an international financial cen-
tre based on its own standards
of competitiveness and compli-
ance. i
The legislative and political
wrangling, international poli-
ticking, and ongoing economic
debate have been obvious
reminders to us that as long as
the financial services industry is
driven and characterised by
global political and economic
change, the “odyssey” that we
painstakingly seek to avoid will
continue and intensify.

How we react and réspond to
such an adventure (and the chal-
lenges that underpin it) will
determine how much and how
far we survive, thrive and pros-
per in 2007 and beyond.

©Copyright 2007. Tyrone L.
E. Fitzgerald. All rights
reserved.

NB: The information con-
tained in this article does not
constitute nor is it a substitute
for legal advice. Persons reading
this article and/or column, gen-
erally, are encouraged to seek
the relevant legal advice and
assistance regarding issues that
may affect them and may relate
to the information presented.

Tyrone L. E. Fitzgerald is an
attorney with Fitzgerald &
Fitzgerald. Should you have any
comments or inquiries regard-
ing this article, you may con-

‘tact Mr Fitzgerald at Suite 212,

Lagoon Court Building, Olde
Towne Mall at Sandyport, West
Bay Street, P. O. Box CB-11173,
Nassau, Bahamas







THE TRIBUNE




@ By NEIL HARTNELL
Tribune Business Editor



ahamian insurance

regulators “need

stronger powers to

investigate and
penalise” carriers who fail to
act in good faith in resolving
claims, an attorney told The
Tribune, as he urged the Gov-
ernment to enact laws protect-
ing consumers from “insurance
abuse”.

Fred Smith, speaking in his
capacity as president of the
Grand Bahama Human Rights
Association (GBHRA), called
on the Government to pass
laws requiring insurance carri-
ers and their loss adjusters to
“explain the issue of averag-
ing” so that consumers’ claims
were not discounted.

He urged “the Government
to pass legislation to protect
the consumer in the Bahamas
from insurance abuse”.

“The aftermath of hurricanes
Jeanne, Frances and Floyd on
Grand Bahama demonstrated
how homeowners, businesses
and the consumer are at the
mercy of insurance compa-
nies,” Mr Smith said.

“Our association has previ-
ously called on the PLP to
ensure that the insurance com-
panies act in good faith in
receiving and settling insuranee
claims.

“We now call on the FNM
to pass laws that will require

Career



Ae RST TU



the insurance companies to
explain the issue of ‘averaging’,
so that on claims people are
not subjected to the insurance
companies’ adjusters discount-
ing the amount payable.”

Mr Smith said ‘averaging’
applied when an insured per-
son or company was consid-
ered as ‘self-insured’ for a cer-
tain percentage of the claim.

This, he added, happened
when, during the processing of
a claim, an insurance compa-
ny found that the client was
underinsured.

Mr Smith cited as a hypo-
thetical example, a $1 million
building that was under-
insured, only being covered for
$700,000 - a 30 per cent dis-

THURSDAY, SEPTEMBER 20, 2007, PAGE 3B

BUSINESS

‘Stronger powers’
urged for insurance
industry regulators

count. If the building owner
submitted a claim far $500,000,
under ‘averaging’, the claim
would be subject to a 30 per
cent discount.

“In addition, laws need to be
passed to ensure that claims
are dealt with speedily, and
adjusters do not delay settle-
ments in order to force
claimants to accept less,” Mr
Smith said.

“The Office of the Registrar
of Insurance Companies needs
to have a lot stronger powers to
investigate and penalise insur-
ance companies in the handling
of claims.”

Mr Smith said the Associa-
tion was “surprised” to see that
Dr Roger Brown, who last
week retired as Registrar of
Insurance, was now set to take
up the post of Bahamas Gen-
eral Insurance Association
(BGIA) co-ordinator with
effect from October 15, 2007,
as first revealed by The Tri-
bune.

“We are aware of a number
of complaints in the aftermath
of Frances and Jeanne in 2004
that were made to Dr Brown
and his office, which did not
even receive the courtesy of a
response,” Mr Smith said.

“The consumer in the
Bahamas is generally subject
to the mercy of large financial
institutions, and the FNM, if
they really care for people’s
rights, should really focus on
their protection.”

Opportunities

A leading home appliances and electronics retail
distributor invites suitably qualified applicants to
apply for the following posts:



1, ASSISTANT WAREHOUSE SUPERVISOR
Must be competent and experienced in
warehousing and deliveries.

2. APPLIANCE REPAIR TECHNICIANS
Must be competent, experienced and able
to work without direct supervision.

Please send resume along with first 4 pages of passport,
a police character certificate, and copies of
centification(s) achieved from reputable institution(s) to:

Human Resources Manager

PO. Box N7220.
Nassau, Bahamas.



Deadline for receipt of applications is October 8th, 2007. |





N

The Bahamas National Youth Choir

AUDITIONS

Wednesday Scptember 26th. 2007
@ 7:00pm
At St. Johan's College Auditorium

Come Prepared to sting a sovg af gear Choice |



Scotiabank Sponsors Cancer Society's

“Stride For Life”

Nassau, The Bahamas, September 17, 2007 — Scotiabank is proud to
announce its sponsorship of all the prizes to be awarded to winners of the Cancer Society
of The Bahamas’s 3° Annual Stride for Life Fun Walk.

Debra Wood, Scotiabank’s Senior Manager, Marketing and Public Relations said,
“Scotiabank’s support of this worthy cause is in keeping with our mandate to help better
the lives of persons in the communities in which we live and work. We are proud to be
able to help get the message out to cancer survivors and the public, that there is hope,
healing and life after being diagnosed with cancer.”

_As an additional show of support for this cause, a Scotiabank team is also set to
participate in the fun walk.

Upon receiving the donation, Ms. Sherrylyn Bastian, Vice-President of the Cancer Society
said, “We are always grateful when companies like Scotiabank assist us in sending the
message that early detection saves lives, so we thank you for caring and sharing.”

Earlier this year, Scotiabank made a cash donation to the Society as well as supporied
the Annual Gala Ball by purchasing a table for 10 attendees.



Photo caption: Pictured | to r, are: Ms. Naomi Taylor, Manager, Employee Relations, Human
Resources; Ms. Sherrylyn Bastian, Vice-President, Cancer Society; Debra Wood, Senior
Manager, Marketing and Public Relations; and Earle Bethell, Director, Cancer Society.

RMT CPT NE NT et er neers eet







A well established organization is in search of
ETT Tat Tit t 1 PU cr Ltd ais

All interested Pye Lit] Pet] arc]
me BC) te: ce Ca

Cru eLe cis
Fax No: 362-4107 |

BAHAMAS BUSINESS SOLUTIONS LTD.
wishes to inform the general public that
TEKITO STEVENSON

is no longer employed with the company,
and is not authorized to
transact any business on behalf of

the company.

Bahamas _ oo
Business Solutions Ltd.



Bridal Sales Assistants

Kelly's is seeking qualified and experienced
sales persons to become fulltime Sales
Assistants in our Bridal & China Department.

The successful candidates must be
hardworking, honest, motivated individuals
with good communication skills and a positive
attitude. Experience with fine china and crystal
an asset but not essential.

Application forms maybe picked up at the
Customer Service counter at Kelly’s.

No phone calls please

Kelly's "ss.

Mall at Marathon
Monday-Friday 9:00am8:00pm
Saturday 9:00am-9:00pm

Sunda closed

393-4096 — SAvw Rellysbahames com

PUBLIC
NOTICE

The Cancer Society
of the Bahamas

Tel: (343) 393-4002
Fax: (242


















Will be holding
a huge renovation sale

Saturday September 22nd
From 8:00 am - 12:00 pm

BARGAINS GALORE!!!

At Headquarters
(2 doors down from ZNS)







Come shop with us, and
contribute worthy cause at
the same time!



PAGE 4B, THURSDAY, SEPTEMBER 20, 2007

Lamdscapitig/Gar'clericl |” amen: Sanne
Soccer moguls

lose appeal over
frozen $9m UBS |

Bahamas funds

FROM page one

Premier League team
Portsmouth, lost their appeal
against a Supreme Court deci-
sion not to remove an April 12,
2002, restraining order imposed
on the UBS (Bahamas) account
under the Proceeds of Crime
Act 2000 after Appeal Justices
Hartman Longley and Emanuel
Osadebay backed the initial ver-
dict.

Outlining the case and the
reasons for their verdict, Jus-
tice Longley said Arcadi Gay-
damak had initially transferred
$19 million into the UBS
(Bahamas) account on May 16,
2000. The funds were then
transferred into a joint account
in his name and that of his son,
Alexandre.

Then, between 16-18 Janu-
ary, 2001, some $10 million was
transferred from the UBS
(Bahamas) account in $5 mil-

Northwoods Hidea ¥



fi deckp

lion instalments, just before the
Attorney General of the
Bahamas obtained a restrain-
ing order on the account on
January 31, 2001.

The Attorney-General
moved at the request of exam-
ining French magistrates, who
were investigating allegations
that Arcadi Gayadmak had
been involved in “alleged illegal
arms dealings, embezzlements
misappropriation of companies’
assets ands breach of trust,
influence peddling and money
laundering”.

The charge relating to the
arms sales was later dropped,
Justice Longley noted, but the
other allegations remain and
Arcadi Gaydamak is still sub-
ject to these proceedings. He is
denying those allegations.

Gail Lockhart-Charles, an
attorney with Gibson & Com-
pany, acting for Mr Gaydamak
and his son, argued that there
was no basis for freezing the

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account as her client had not
been charged, nor was there evi-
dence he would be.

She also argued that the evi-
dence presented by the French
magistrates, through Letters
Rogatory and other affidavits,
were not enough to show the
$9 million in the UBS
(Bahamas) account had been
derived from proceeds of crime.

Justice Longley, though, dis-
missed all arguments, finding
that “at the moment, I am sat-
isfied that there is justification
for making the restraint order”.

He also concluded that Mr
Gaydamak had the “ability to
cause the French proceeding to
move with greater expedition
than has been the case to date”.

However, in his dissenting
judgment, Appeal Justice Lorris
Ganpatsingh said he would

have allowed the appeal and

discharged the restraining order.

He pointed out that the
French investigation had been
ongoing for six years, and it was
four years since the initial
restraining order was made.

Justice Ganpatsingh said:
“We have seen no evidence to
indicate when it is intended that
proceedings which may lead to
a recording of guilt should be
instituted in France, which was
a requirement in the first place.

“In the absence of any such
indication, and having regard
to the deficiency of the facts
presented, even allowing for the
magistrates’ barren assumptions
and suspicions over the past six
years, there do not seem to be
any reasonable grounds for
believing that a trial is likely.
or than an external confiscation
order may be made against [Mr
Gaydamak].”

THE TRIBUNE

Container Port
FROM page one

interest and taxation, or oper-
ating income] 31 per cent and
30 per cent above last year
respectively.

“Further expansion in
Freeport Container Port is
planned to handle additional
demand.” ,

That is likely to be a refer-
ence to the planned Phase V
expansion at the Freeport
Container Port, and it is under-
stood that its go-ahead is due
to be announced imminently.

The $250 million Phase V
expansion would potentially
add an additional 450 metres
of berthing capacity and a
nine-block stacking area,
Derek Newbold, Hutchison
Port Holdings (Bahamas) sales
and marketing manager, told a
seminar in 2006. It is likely to
create 300 jobs.

Hutchison Port Holdings
holds a majority 60 per cent
stake in Freeport Container
Port, and the 1.436 million
TEU’s it processed in 2006
made it the company’s busiest
port in the Western Hemi-
sphere - busier than those in
Mexico, Argentina and Pana-
ma.

Meanwhile, Hutchison
described its Silver Point high-
end, luxury residential real
estate development for Grand
Bahama as “progressing well”.

Hutchison Whampoa has a
90 per cent stake in the devel-
opment vhich is scheduled to
be completed by 2010.

Silver Point is located a
mile-and-a-half to the west of
the Our Lucaya resort, and will
feature 125 condominiums, sin-
gle family homes and town-
house apartments, each with
their own berth able to take a
boat up to 75 feet in length.

Prices are at an average of
$1.8 million, and
marketing/pre-selling of the
units is expected to start this
autumn once the construction
costs have been nailed down.

Apart from its climate and
proximity to the United States,
another key attraction of the
Bahamas for high-end resi-
dential and real estate devel-
opers is that there is hardly
any prime, beachfront land left
in Florida, forcing them to turn
to this relatively unspoilt
nation.

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece parcel or lot of land bel

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece parcel or fot of land being Lot 11, Perpall Tract, situated in the
Western District on the Island of New Providence one of the islands of the
Commonwealth of the Bahamas. Situated thereon is a Single Family Residence
consisting of 4 Bedrooms, 2 Bathrooms.

Property Size 5,280 sq ft
Building Sizes] 843 sq.tt

This property is being sold under Power of Sale contained in a Mortgage to FINANCE
CORPORATION OF BAHAMAS LIMITED.

All offers should be forwarded in writing ina sealed envelope, addressed to the Manager,
Roval Bank Collections Centre, P.O, Box N-7849, Nassau, Bahamas and marked

. nang . . < . <0 a
“Tender 7598", Af offers mast be received by the close of business 4:00 pm, Friday 2]

September, 2007,
ERR KR RGAE ER RHR ARR EMR RAE RR REE ERE SED RSS EPS EE RAS RR ERR HER EWRE SHS HVT ERT RH

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Subdivision situated is the Southern D
islands af the Commonwealth of the Bahamas.
consisting of (2) Bedrooms, (2) Bathrooms.

Unit Size 1.135 sq ft

This property is being sold under Power of Sale contained ip a Mortgage to FINANCE
CORPORATION OF BAHAMAS LIMITED,

All offers should be forwarded in writing in a sealed envelope, addressed to the Manager,
Roval Bank Collections Centre, P.O. Box N-7549, Nassau, Bahamas and marked
"Tender 3482". All offers must be received by the close of business 4:00 p.m., Friday 21°
September, 2007.

QRHRKHR EHR RHEE LHL RAPP AY HS HP PSE SKYE AHS LES CESS RPL KERR KLE RRS PEG R LH HS THR EST

‘New Investment
Opportunities!

KINGS

HEAL ESTATE

Indigo - Investment Opportunity

A unique opportunity to own S adjacent lots in this quaint gated
community. Each lot measures 60 ft x 130 ft zoned for 15 units.
Amentiies: include double tennis court and swimming pool. Was
$650,000, now reduced & $550,000 for quick sale.

Lot *70 Hope Town, Abaco - Land for Sale
Large lot located less than 300 ft from the beach with partial ocean
views. Priced to sell at $285,000

Orange Hill - West Bay Street - Land for Sale

17.2 acres of superb oceanfront in the most desirable location on
the island. Ideal for a high-end condo development or a class “A"
office/financial centre. Offered at $7,500,000

2

Gilingam House, Montague - Class “A” Office Space Available
Top floor comprises of 2,462 sq ft of leasable area dnd 1,108 sq
ft of common leasable area totalling 3,670 gross sq ft. Lease is $32
per sq ft with CAM charges being $12 per sq ft. This floor is being

leased with partial office furnishings.

Contact Kingsley Edgecombe for more information,
Ph: 242 394 4397 / kingsley@kingsrealty.com

Gilingam House, Montague, *4 East Bay Street

P.0.Box N 10414, Nassau, The Bahamas www. KingsRealty.com





THE TRIBUNE



owners planning

THURSDAY, SEPTEMBER 20, 2007, PAGE 5B

BUSINESS

Smart business

now for holiday
staffing, parties
and gifts

m@ By JOYCE M
ROSENBERG
AP Business Writer

NEW YORK (AP) — Big
companies like L L Bean and
Hallmark are already in holi-
day mode, sending out cata-
logues and putting merchan-
dise on display. Small business
owners might want to follow
their lead.

Although Christmas is still
three months away, doing some
holiday planning now will
make life — business and per-
sonal — a lot easier come
December. That includes think-
ing about year-end staffing and
parties and buying gifts now.

It can also mean getting cus-
tomers ready. At Pooch Chica-
go, an upscale daycare, kennel
and spa for dogs, owner Robin
Tomb began reminding cus-
tomers in July that they need to
book early for the holidays, or
risk not being able to board
their pets when December
arrives.

“We have found over the
past several years that come

early December, we’re com- -

pletely booked, and people
haven't planned,” Tomb said.
Some of her best customers
were surprised when they
called on December 22 and
learned it was too late to poe
their pets.

To try to avoid such dean:
pointments, the Pooch Hotel
is sending another reminder
this week “so we can take care
of clients now,” Tomb said.

Companies

Many companies have
learned that planning holiday
staffing levels — including who'll
be off and at what times — is
best done early to avoid con-
flicts between employees, and
to be sure that customers and
clients are taken care of.

At PR by the Book, an
Austin, Texas-based publicity
firm, planning means asking
employees how much time they
need to take off for the holi-
days, and then co-ordinating
the company’s workload
accordingly.

Owner

Owner Marika Flatt says the
company won't take on more
projects than it can handle dur-
ing the holidays because “we
all have young kids and we all
want to spend time around the
holidays with our families.”

“We like to prepare for that
in advance; the worst thing we
can do is overcommit and not
deliver,” Flatt said.

That can mean turning away
some new business, but Flatt

- said that because two-thirds of

the company’s clients are book-
related, for the most part their
needs can often be handled
before or after the holidays. So
she'll arrange in advance with
clients to do the work when it’s
not the height of the holiday
season.

Early planning for holiday
parties is critical if owners want
to insure they hold their events
at the locations they want on
the dates they want. Basho
Strategies Inc., a Burlington,
Mass.-based company that pro-
vides sales training, has picked
dates for its client and employ-
ee holiday parties, and already
booked a spot for the latter
event.

“It’s absolutely essential to
start looking” early, said Renay
Picard, Basho’s vice president
of marketing. “If we had wait-
ed any longer, it would be too
late.”

Like many companies, Basho
learned the hard way that it
should have planned in
advance, Picard said. Planning
has also become critical

because the company has
grown so much; now, an exec-
utive assistant handles many of
the details.

Because Bridget Cavanaugh-
‘s business planned early for its
employee party, “we had all
the choices of weekends — Fri-
day and Saturday nights.
Everything we were looking at,
we had all the choices,” she
said.

Cavanaugh, co-founder of

O’Berry Cavanaugh, a Boze-
man, Mont.-based advertising
agency, said the company wait-
ed too long last year, so plan-
ning became a very hectic
atfair.

“We made a commitment as
a company that we were going
to nail down next year’s holi-
day party,” she said.

Planning is also necessary if
you're looking to give client,
vendor or employee gifts that
are more unique and have a
bigger impact than mugs or cal-
endars.

Time

“Now is the time to really sit
down and think about the kind
of gifts I want to give my
clients,” said Jennefer Witter,
owner of New York-based The
Boreland Group Ine., a public
relations firm.

“1 don’t like to rush; I want
to think about who they are
and what their interests are,
and that takes time to put
together.”

After she comes up with
some ideas, Witter said, she has
an assistant who helps her track
down the best places to find
the gifts.

She also tries to personalize
the more than 200 cards she
sends — “something so that it
won't be a rote holiday card.”
That will also require more
time than just stuffing identi-
cal cards into envelopes.

The Foot & Ankle
Institute





Visit our website at www.cob.edu.bs








UNDER THE STARS
FESTIVAL 2007

GALA CONCERT

Saturday - September 29 - 2007

Tek carers

Dinner 7:00 P.M. (Gala Ticket Holders) : Concert Begins 8:00 P.M.

Wyndham Nassau Resort

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Cable Beach - Nassau - Bahamas
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TICKETS ON SALE AT

CHAPTER ONE BOOKSTORE and

in THE OFFICE OF COMMUNICATION

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. Canis
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Block A- Oakes Field Campus

For reservations,

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PAGE 6B, THURSDAY, SEPTEMBER 20, 2007 THE TRIBUNE

INVESTMENT OPPORTUNITY |

y L | i September 20th, 2007

) , MISCELLANEOUS PROPERTIES _

LOT NO. 12, BLOCK 3, MILLAR’S



Eleuthera Island Shores

HEIGHTS Subdivision LOT NO. 1,
| | | BLOCK NO. 45,
See er eae SECTION E, ELEUTHERA

designated as Millar’s Heights, situated in the
Southwestern district of New Providence, Bahamas.
This property is comprised of a 25 yr old single
family residence consisting of approximately 2,375
sq. ft of enclosed living space with three 2-
bedrooms, 1-bathroom, living/dining rooms, and
kitchen apartment complex. The land is on a grade
and level and appear to be sufficiently elevated to disallow the possibility of flooding during ae
heavy rainy periods. The grounds are fairly kept, with improvements including parking area, walking ‘and is abandoned. here is a wooden:landin : A wi an
: : ‘ a ; : g approximately 7’-4” wide by 20’-0” on the upper
pay ay and low shrubs. The yard is enclosed with chain linked fencing at the back and southern level, approximately 1,610 sq. ft. of enclosed living space, with 3-bedrooms, 2-bathrooms, front
ee “ room, dining room, den, kitchen, and utility room. The wooden porch on the upper level is
Appraisal: $239,500.00 approximately 148sq. ft. There is also a water cistern under the dining room floor area. All utilities
and services available.

All that piece parcel or lot of land having
an area of 9,644 sq. ft. being lot #1 in
block 45, Section “E” in the subdivision
called and known as Eleuthera Island

ua Pr tio : %) Shores Subdivision, situated in the
ity of Hatche arbour, on the euthera, one of the islands of the Commonwealth
of The Bahams. This site encompasses a two storey building which is approximately 14 yrs old







Traveling west on Carmichael Road, enter West Avenue, on the South side immediately after Topps

Laundromat. Take first right which is Wimpole St., go around the curve on the left which is London a

Avenue, traveling south on London Avenue the subject property is the 9th building on the right This property is situated in reutt eeraisal: $151,007.00
before the T, Junction ‘high street) the subject building is an L shape triplex, painted green, trimmed .

white.





LOT NO. 1 WESTERN SHORES DUNDAS TOWN (ABACO)

3 two bed, 1 bath fourplex 9,000 sq. ft., lot no.
18b with an area for a small shop. Age 12 years
the land is a portion of one of the Dundas Town
Crown Allotment parcels stretching from Forest
Drive to Front Street, being just under a quarter
acre in size and on the lowside. A concrete
block structure, with asphalt shingle roof and
L-shape in design with a total length of 70x26

} All that lot of land having an area of 7,389 sq.
| ft., being lot #1 of the Subdivision known as
| Western Shores -Phase Il, the said Subdivision
‘| situated in the Western District of New Providence,
Bahamas. Located on the subject property is a
single structure comprising of a single family
residence consisting of approximately 2,430 sq.
ft. of enclosed living space. The residence
comprises of 3-bedroom with closets, 2 1/2



bathrooms, living/dining rooms, study, kitchen, Se a ft, plus 50 x 22 ft., 2,920 sq. ft., the interior
utility room, porch and enclosed garage with electronic door. The land appears to be sufficiently . walls are concrete blocks, ceiling is sheet rock and the floors of vinyl tiles.
elevated to disallow the possibility of flooding during annual heavy rainy periods of the year. The
grounds are fairly well kept with improvements including driveway, walkway and swimming pool. < .
The yard is enclosed with walls. Appraisal: $265,225.00

Appraisal: $753,570.00

Traveling west on West Bay Street. Go pass Orange Hill and Indigo Subdivisions, the house is
located on the left near Tusculum Subdivision and painted all white.



LOT NO. 2 MORIGOLD FARM Property Located Westridge Estate

SUBDIVISION

All that lot of land having an area of approimately 5,638 sq. ft.
being lot No. 2 of the subdivision known as Marigold Farm
Subdivision, the said subdivision situated in the Eastern District
of New Providence and located Lumumba Lane North off Marigold
Road situated on the property is a 6year old single storey residence
consisting of 3 bedrooms, 2 & 1/2 bathrooms, living, dining, kitchen
and utility room. The Land is on a grade and level and appears
to be sufficiently elevated to disallow the possibility of flooding. The property is open from the front but has chain
linked fencing at the sides and back.

All that lot of land, being a portion of a larger tract of land. This
property is located about 400 ft off John F. Kennedy Drive, in the
immediate vicinity of Westride Estates. Situated on this property
4 is a triplex town house complex which commenced construction
in 1997. The Town house apartments consisting of on the ground
level entry porch, stairway alcove, living/dining areas, powder room
and kitchen. The upper level consists of upper stairway alcove, 2
beedrooms with closets 2 bathroom, upper balcony, bathrom
corridor and linen closets. The living space is approximately 5,146 sq. ft. The exterior consists a covered porch. The
land is at a grade level and site appears to be sufficiently elevated to disallow the possibility of flooding. The grounds
are fairly kept.The yard is enclosed with chain linked fencing at the back and two sides.

Appraisal i eee Traveling west on John F Kennedy Drive t sivprecanentam is eaten mere eT
Take Joe Farrington Road heading east, turn onto Marigold Farm Road go pass Marigold Farms, then turn right onto raveling west on John F Kennedy Drive turn right into Westridge and go to T Junction, turn left and the property is

Lumumba Lane, go almost to the middle of the corner and the subject property is about the eight house on the right about 200 ft on the left side of the street. #

VACANT PROPERTIES

Investment Opportunity - Must Sell - Lot B, Wilson Street, Rock Crusher





All that lot of land having an area of 10,498 sq ft, being lot B, between the subdivision known as Rock Crusher and in the vicinity of Perpall Tract situated in the western district
of New Providence, Bahamas. This property is zoned multi family/single family. Also located on this property is a structure comprising of a duplex at foundation level under
construction, and consisting of approximately 1,566 sq. ft. of enclosed living space with a patio consisting of 270, sq. ft. the starter bars are in place and foundation poured.

Appraisal: $97,214.00

Traveling West on Farrington Road take a right after the P.L.P. headquarters, go about midways through to Wilson Street, go though the corner all the way to the dead
end. The property is located behind the chain linked fence at the back of the yard.



Island Harbour Beach, Exuma

All that parcel or lot of vacant land containing 10,000 (80’X 100’) sq. ft. being Lot No. 9, Block 2, Island Harbour Beach Subdivision situated the western most portion of the Hermitage Estate, Little
Exuma Bahamas. The property is located on an unpaved road known as Stocking Road. The property also has a commanding view of the ocean.

Appraisal: $80,000.00



LOT NO. 10B, PALMETTO POINT

All that piece, parcel or lot of vacant land containing 9,000 sq. ft., and being Lot No. 10B situated North of Ingraham’'s Pond and Eastwardly of North Palmetto Point, on the island of Eleuthera, one
of the islands of the Commonwealth of the Bahamas, and is bounded and abutting as follows:- on the north by Lot No. 3B and running thereon for a distance of (90) ft; on the East by Lot No. 11B
and running thereon for a distance of (100) ft; on the south by a 20’ wide road reservation and running thereon (90) ft on the west by Lot No. 9B running thereon for a distance of (100) Ft, the said
Lot is overgrown with shrubs and is in close proximity of a white sandy beach. This neighborhood is zoned residential development and is quiet and peaceful with a topography of approximately
50{t and because of this there is no danger of flooding. The area is approximately 80% developed with all utilities and services available.

APPRAISAL: $72,000.00
MUTTON FISH POINT NORTH ELEUTHERA

All that piece, parcel or lot of vacant land containing 44,714 sq. ft., and designated “E” which forms a portion of land known as “Mutton Fish Point” situated about two miles northwestward of the
settlement of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth of The Bahamas, and is bounded and abutting as follows:- Northwardly by the land now or formerly
the property of Coridon Limited, and running thereon for a distance of 393.13 hundredth ft.; outwardly by a 30’ wide road reservation and running thereon for a distance of 402.57 hundredth ft;
eastwardly by the main Queen’s Highway and running thereon for a distance of 109.73 hundredth ft; westwardly by land now or formerly the property of Caridon Limited and running thereon for a
distance of 110.75 hundredth ft. this property having an area of approximately 44,714 sq. ft. this neighbourhood is zoned commercial/residential development and is quiet, peaceful and has a
topography of approximately 2 ft. with all utilities and services available.

APPRAISAL: $51,421.00



MUTTON FISH POINT NORTH ELEUTHERA

All that piece, parcel or tract of land containing 1 acre situated about two miles northwestward of the settlement of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth
of The Bahamas, and is bounded and abutting as follows:- Northwestwardly by the main Queens Highway and is running thereon for a distance of 125.462 feet northwestwardly by the land now
of formerly the property of Coridon Limited, and running thereon for a distance of 390.274 hundredth ft.; southwestwardly by a 30’ wide road reservation and running thereon for a distance of 128.128
hundredth ft; southeastwardly by the land now or formerly the property of the Venor and running thereon for a distance of 322.955 hundredth ft. This property having an area of approximately
44,847.76 sq. ft. This neighbourhood is zoned commercial development and is quiet and peaceful with a topography of approximately 2 ft. with all utilities and services available.

APPRAISAL: $51,421.00

This lot is vacant land and is located in the area known as “Mutton Fish Point”

re —_ MUTTON FISH POINT NORTH ELEUTHERA

All that piece, parcel or lot of vacant land and improvements containing approximately 44,587 sq. ft. and designated “F” which forms a portion of land known as “Mutton Fish Point” situated about
two miles northwestward of the settlement of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth of The Bahamas, and bounded and abutting as follows:- Northwardly
by the land now or formerly the property of Coridon Limited, and running thereon for a distance of 383.56 hundredth ft; southwardly by land now or formerly the property of Caridon Limited and
running thereon for a distance of 393-19 hundredth ft. eastwardly by the main Queen’s Highway and running thereon for a distance of 113.40 hundredth ft. westwardly by land now or formerly the
property of Coridon Limited and running thereon for a distance of 113.40 hundredth ft. this neighbourhood is zoned commercial/residential development and is quiet, peaceful and has a topography

of approximately 2 ft. with all utilities and services available.
APPRAISAL: $51,276.00





Py | For conditions of sale and other information contact 3
Philip White @ 502-3077 email philip.white@scotiabank.com or Harry Collie @ 502-3034 ¢ email harry.collie@scotiabank.com * Fax 356-3851



To view properties go to: www.stopnshopbahamas.com - Click on “Real Estate Mall” - Click on doorway “Enter Online Store”

ao
LAL DIL PLL MTT NY TF OF CITA



THE TRIBUNE

INVESTMENT OPPORTUNITY

NEW PROVIDENCE



LOT No. 21B FRASER ALLOTMENT
OFF SOLDIER ROAD

si cine $258,000.00

The subject property
con-sisting of 8,400
. square feet is
< developed with a
split leveled home
with 1925 square
feet of floor area on
the ground floor, a
porch area of 437
square feet and
second floor area of
735 square feet. The
building is of sound
construction and
‘ campleted = in its
entirety. The ground floor comprises 2 edn prias one bath, a kitchen,
dining and family room. The second floor comprises two bedrooms, one
bath, living and dining areas.



Directions to property: Heading East on Soldier, turn left onto first paved
road opposite Lowes Wholesale, 2nd to last house on the road with
chain linked fence.



SANDYPORT

All that lot of land having an area of 9,626 square feet, being lot number 40,
of the subdivision known as SandyPort, situate in the Western District of
New Providence. The property is irregular in shape, is on a level grade and
zoned as single family residential. An electrical connection outlet is located
near the property. The property is located on Sandy Port Drive just on the
bend before Governor’s Cay on the Southern Side of the road.

Appraisal: $300,000.00


















No. 17 WESTRIDGE ESTATES Appraisal: $930,000.00

All that lot of land having an
area of 30000 square feet,
being lot Number 17 of the
subdivision known as
Westridge Estates Addition.
Situate in the Western District

on the island of New
. Providence.
‘ Located on the = subject
property is a newly
constructed single story



deck of living space with a three Car Garage.

The building is 75% completed and comprises five bedrooms, four and a
half baths study, living/dining, family room, kitchen, laundry and
generator room.

Location: From SuperValue West Bay, take the road heading west into
Westridge, take the first corner on the Right, Westridge Drive. Subject
property will be about the seventh on the right hand side of the road.

FREEPORT

FAIRWAY MANOR CONDOMINIUM Appraisal: $73,000.00



Apartment 402, 2 bedrooms, 2 bathrooms.
Lot 4, Block GN, Edward Birch Curt, Bahamian North

PAOHPAHHHOREHERHHFOHHEHEHRE HALOS

LOT 188 SCOTT AVE, EAST SECTION 1 SUBDIVISION,
FREEPORT, GRAND BAHAMA

Appraisal: $140,000.00

The subject lot is
approximately 12,322 square
s feet. Situated on this
| property is a single story
| single family dwelling of
| 2,800 square feet of living
i space. This includes a small
) front porch, a large foyer, a
“sunken living room with
fireplace and chimney, a
_ dining area, a_ full service
kitchen, a “family. room with adjoining laundry and storage room. A
hallway with linen closets, a hallway bathroom. Three auxillary bedraoms
with closets and a master bedroom with walk-in closet and private
bathroom.

































structure comprising 6,000"





THURSDAY, SEPTEMBER 20, 2007, PAGE 7B

FREEPORT



GREENING GLADE SUBDIVISION Appraisal: $75,000.00
All that piece parcel and lot of land described as lot 7 block 21,

Albacore Drive, Victoria Place and Mid Chipman Road, Unit 2,
Greening Glade Subdivision, Freeport, Grand Bahama. The lot
contains 20,580 sq. ft. and zoned as multi-family residential.














DERBY
UNIT 3, BLOCK 10, LOT 11 (CANAL LOT)
FREEPORT, GRAND BAHAMA Appraisal: $96,000.00

All that piece, parcel or lot land being Block 10, Lot 11 of Derby
Subdivision. The land is vacant, rectangular in shape, on level
ground and is on a canal. Contains approximately 11,250 sq. ft.
and is in a single family residential area.



FAMILY ISLANDS

ABACO Appraisal: $108,000.00

PORTION OF MURPHY TOWN CROWN
ALLOTMENT, MURPHY TOWN, ABACO.

_ The property is 89 x 100 ft
and rectangular in shape.
The land is elevated
} approximately 15 ft above
road level and
approximately 25 ft above
' sea level. Located on this
, property is a twenty-year-
bedroom, two
living, dining,

requires much



kitchen and laundry room house. The structure
attention.

POSHSOSHATOHHSSSHSSOHHTOSTVOH RES

EXUMA. Appraisal: $673,075.00

CASTELRAG ESTATES, LOTS 129 & 130
EXUMA HARBOUR SUBDIVISION

\ The subject property is located
ce Kingway Road and_ is
developed with an area of
. 20,000 square feet. Situated
Nthereon is a residence
comprised of 3,645 square feet
“of living accommodations,
: inclusive of 4 bedrooms, 2

\\ baths, with laundry and utility
‘ spaces and a two bedroom one
aul bath guest cottage of 600
\ ~ square feet. The property is
* fenced with white picket

fencing and has a Gazebo at the highest portion of the property.






WOOT

WN SS \
ae 8

BAHAMA SOUND 10,

EXUMA Appraisal: $20,000.00
All that piece, parcel or lots 12571 and 12572, Bahama Sound of Exuma
10, total area of 20,000 square feet. Bahama Sound is a sudivision

situate at the southwestern portion of the Forest Estate between the
settlements of Southside and Richmond Hill, Great Exuma, Bahamas.

TO VIEW PROPERTIES



www.atapnahopbahans ail
Click on “Real Estate Mall” -
Click On Doorway
“Enter Online Store”

FOR CONDITIONS OF SALE AND ANY OTHER INFORMATION fete] yg \ om
HARRY COLLIE @ 502-3034
tut LL harry.collie@scotiabank.com

or |
PHILIP WHITE @ 502-3077

E-mail philipwhite@scotiabank.com |



Fax: 356-3851 - send bids to P. O. Box N-7518 Rosetta Street, Nassau, Bahamas |

)



PAGE 8B, THURSDAY SEPTEMBER 20, 2U0/ |THE Vials



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THE TRIBUNE

THURSDAY, SEPTEMBER 20, 2007, PAGE 96°



LONDON (AP) — Euro-

pean and Asian stock markets
rallied Wednesday in the wake
of Wall Street’s surge spurred
by the United States Federal
Reserve’s larger-than-expected
interest rate cul.

Key market indicators in
Britain, France and Germany
each rose more than two per
cent after even bigger gains in
Japan and Hong Kong.

Investors cheered the Fed’s
decision on Tuesday to cut its
benchmark interest rate by a
half percentage point to 4.75
per cent, a move aimed at keep-
ing problems in the mortgage
market from causing a reces-
sion in the US economy — a key
export market for many Asian
and European companies.

“They did the right thing,”
Joseph Han, a strategist at Dae-
woo Securities Co. in Seoul, said
of the Fed’s aggressive cut.
Many analysts expected a quar-
ter-point reduction in the fed
funds rate.

After Tuesday’s rate cut, the
Dow Jones industrial average
posted its biggest one-day point
gain in nearly five years — a
surge of 335.97 points. In mid-
morning trading Wednesday,
the index gained another 89.58
points to 13,828.97.

In afternoon trading in
Europe, Britain’s benchmark
FTSE 100 rose 2.7 per cent to














BETTER HOME SHOWER CURTAIN SETS

BUSINESS

Stock markets
rise worldwide
after the Fed cuts
key interest rates

@ By TOBY ANDERSON
AP Business Writer

6,453.70. Germany’s Dax gained
2.1 per cent to 7,737.27 and
France’s CAC-40 climbed 2.9
per cent to 5,707.37.

Earlier in Asia, Japan’s
benchmark Nikkei 225 stock
index soared 579.74 points, or
3.7 per cent, to close at
16,381.54 points, marking its
biggest point gain in more than
five years. Hong Kong’s Hang
Seng index jumped 977.79
points, or 3.98 per cent, to
25,554.64.

Shares in India hit an all-time
high, as the Bombay Stock
Exchange’s 30-share Sensex
surged 654 points, or 4.2 per
cent, to 16,323.

Stock markets in South
Korea, Australia and Singapore
also advanced, although Chi-
nese shares faltered.

Kaoru Yosano, Japan’s chief
government spokesman, wel-
comed the Fed’s decision.

“They have reacted very
quickly to the realities,” he told
reporters,

On Wednesday, the Bank of
Japan decided to leave its key
interest rate unchanged at 0.5
per cent, as widely expected.

The world’s central banks like
to show they are working
together to maintain global sta-
bility, and the Bank of Japan
would find it hard to raise rates
at a time the US central bank is
cutting them.

Asian Development Bank
President Haruhiko Kuroda
said the US rate cut will benefit

Beo BATH & HOME

SURF V Se): Elsa RPA eS Ua) ASh tan] ee
Located: Harbour Bay Shopping Center )

Asia’s emerging economies.

“It will definitely sustain the
strong economic growth in the
US, which is beneficial to
emerging economies in Asia,”
he said in Manila at a news con-
ference at a forum sponsored
by the World Trade Organisa-
tion.

Oil prices rose as well
Wednesday as the rate cut lifted
expectations growth will acccl-
erate and increase demand for
already tight crude and Baso;
line supplies.

Light, sweet crude for Octo-
ber delivery rose 64 cents to
$82.15 a barrel on the New
York Mercantile Exchange
after hitting a new trading high
of $82.51 earlier.

But higher oil prices couid
spur inflation just as the Fed is
cutting rates, warned Jose Vis-
tan, research head at AB Capi-
tal Securities in Manila.

“The Fed decision could
backfire because we are in the
midst of rising commodity
prices, particularly energy, oil
prices rising to record levels,”
he said. ;

For now, investors are
relieved that the Fed acted to
ease pressure in credit markets,

e Associated Press writers
Teresa Cerojano in Manila, Kel-
ly Olsen in Seoul and Yuri
Kageyama in Tokyo and AP
Business Writer Tim Paradis in
New York contributed to this
story.




53529

We a










Sos 4 72
Ph: 393-4440 or 393-4448
MMAR RTE NE

ti REDRIGIRG e E re a een Heth TH ee be WARNED et MIRO 44 Bde lah ye ARO HL }
!
\!



PAGE 10B, THURSDAY, SEPTEMBER 20, 2007



ENTIRELY FREE!
You Will Learn...

* Why the Bible was written * Why the Bible is not a work of fiction

* Where the Bible came from * How to use cross references ,

+ Tips on effective Bible reading ° The differences in Bible versious

* How the Bible interprets itself * How to use a concordance and lexicon

* History and Chronology in the Bible + A simple Bible reading plan to get you

* Bible Versions - what they are and through the whole Bible in t year
how to usé them

September 25, 26, 27 (7:00-9:00pm)

Venue
New Providence Community Centre on Blake Road.

Registration: provide name, phone number and email address(if possible)
(1) Email to: biblereadingseminar@yahoo.ca
(2) Or call Penny: 325-3177 es
(3) Or mail information to: P.O. Box N-993, Nassau,






*



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B

* All expenses are paid for by the
Christadelphian Bible Mission of Canada.



* Light refreshments are served
throughout the seminar.

* Vaterials inchuled

THE TRIBUNE

[EE TST
BISX chief ‘feartul’ on

public sector debt miss

FROM page 1

Bahamas and public sector for
some two-and-a-half years.

It was left for the former
FNM government to pick up
when it arrived in office. and
Zhivargo Laing, minister of
state for finance, said the issue
of listing government debt
securities on BISX was “a mat-
ter under consideration”

Meanwhile, Mr Davies said
BISX was working with the
Bahamas Institute of Char-
tered Accountants (BICA) to
develop a “tempiac
ing quarterly and atmiual fan
cial results filings by BISX-list-
ed stocks, and what these
would contain,

“BISX has fully cngaged
BICA with respect to creating

povert:









‘Law practice

a template for quarterly and
annual filings for its listed
issuers,” the BISX chief exec-
utive added.

“We are working with them
on a schedule to our Rules that
will lay out the regulations for
quarterly and annual filings.

“It’s making sure the termi-
nology is correct, the type of
information we ask for is cor-
rect, bearing in mind the dif-
ferent industries we have on
BISX, and creates a list of
additional items we would wish
to see in their filings.”

Mr Davies said it made
scuse for the exchange to draw
on BICA’s expertise, given
that its members audited BISX
issuers and other Bahamas-
based companies on an almost
daily basis.

He declined to comment on

GLINTON | SWEETING | O’BRIEN '

COUNSEL & ATTORNEY S-AT-LAW
303 SHIRLEY STREET | PO BOX N-492

NASSAU, NEW PROVIDENCE | THE BAHAMAS

( 242.328.3500 | f 242.328.8008 | www.gsolegal.com

Temporary Vacancy

seeks energetic individual to perform basic accounting,
invoicing and receipting activities through a computerized time and billing
system. Applicants should have at least two years of general bookkeeping
experience. Also, an Associates Degree from an accredited academic institution is
preferred although not required.

The successful candidate will receive a competitive salary based on his or
her qualifications and on the job training. The engagement is expected to
last four to five months only, but may materialize into a permanent position.

Interested applicants may forward their curriculum vitas together with
copies of all degrees and certificates earned to our offices by either facsimile

whether the amendments to
the BISX Rules would opt for
60-day and 90-day timelines
for companies to file their
quarterly and annual financials,
as had previously been pro-
posed.

Mr Davies said a decision
had been made, but this had
to be ratified by BISX’s Board
of Directors and the Securities
Commission of the Bahamas.

Among the proposed
changes were giving BISX’s
listings committee the ability
to disqualify listed equities’
directors; the requirement for
all BISX issuers to make all
material disclosures to a new
BISX department, called the
Companies Announcements
Office; and expanded sanctions
powers for the BISX Listings
Committee.



at 328-8008 or e-mail at dglinton@ gsolegal.com addressed to the attention of
Mrs. Dominique Glinton. All applications will be treated as confidential.









. ex 36
RA BPS Ay
SN ak
Ws ALE coe
Ge epee

43 ¢
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important to me. The Tribune is my newspaper.”

The Tnbune

ae

“Toformative. | can be sure to read something of value in The Tribune. It is filled with
o

information about local news, sports, entertainment and world news — subjects that are

JASON RAHMING
CONSTRUCTION FOREMAN





THE TRIBUNE

THURSDAY, SEPTEMBER 20, 2007, PAGE 11B



Morgan Stanley

third-quarter profit
sinks as credit crisis |
impacts bottom line |

@ By JOE BEL BRUNO
AP Business Writer

NEW YORK (AP) — Mor-
gan Stanley on Wednesday
reported third-quarter profit
sank 17 per cent, as the No. 2
United States investment bank
was forced to write down near-
ly $1 billion worth of loans
amid the summer’s global cred-
it crisis. ;

Morgan Stanley, like others
on Wall Street, was squeezed
as borrowers with poor credit
histories defaulted on home-
loan payments at an alarming

rate. This curbed investor .

appetite for everything from
mortgage-backed bonds to
loans for corporate buyouts.

It was the New York-based
investment bank’s first drop in
earnings under Chief Execu-
tive John Mack, and follows a
smaller-than-expected decline
in profits from rival Lehman
Brothers Holdings Inc. on
Tuesday.

“This was an abnormal mar-
ket with incredibly poor liq-
uidity and many poorly per-
forming hedges,” Chief Finan-
cial Officer David Sidwell said
in an interview. “I think given
the extraordinarily difficult
markets, we actually per-
formed OK — and we view our-
selves as very well positioned
to take advantage of opportu-
nities that arise as the markets
settle down.”

Profits fell to $1.54 billion,
or $1.44 per share, from $1.85

billion, or $1.75 per share, in

the year-ago period. This
year’s third quarter included
only one month of results from
Discover Financial Services,
which split from Morgan Stan-
ley in June.

Stripping out the credit-card
unit, profit fell to $1.47 billion,
or $1.38 per share, from $1.59
billion, or $1.50 per share.
Stronger equity trading and
investment banking fees
helped drive revenue up to
$7.96 billion from $7.06 billion
a year earlier.

However, that still was not
enough to beat Wall Street
projections for a profit of $1.54
per share on $8.35 billion of
revenue, according to analysts
polled by Thomson Financial.

While equity-trading rev-
enue rose 16 per cent to $1.8
billion, it included a $480 mil-
lion loss from quantitative
investments. These positions,
which use computer models to
automatically decide when to
buy and sell stocks, became a
problem for Wall Street this
summer because of the big —
and often sudden — stock mar-
ket swings.

The company also said it saw
losses of $940 million in the
quarter from the decreased
market value of loans on its
books as well as other financ-
ing commitments.

Investment banking was
among the bright spots: rev-
enue from the business surged
45 per cent to $1.4 billion,
though most of those deals
occurred before the third quar-

ter.

Morgan Stanley shares rose
48 cents to $68.99 in morning
trading.

The stock has tumbled 24
per cent since the end of the
second quarter, as financial
services firms were squeezed
by defaults in mortgage posi-
tions and a tightening credit
environment.

It is the second of four
investment banks to report
results this week. On Tuesday,
Lehman posted a decline in
profits that was smaller than
had been expected.

Goldman Sachs and Bear
Stearns report their results on
Thursday.

Mack, who returned as CEO
in mid-2005, was given a man-
date to help put the investment
bank on track after languishing
just a few years ago. Among

his biggest objectives was to”

increase the company’s prime
brokerage and asset manage-
ment business, and expand
investment banking operations
both in the US and overseas.
The company also had less
exposure than peers to the
market for originating mort-
gages to people with spotty
credit. It arrived late to Wall
Street’s push to originate sub-
prime loans after it bought
Saxon Capital Inc. for $705

* million.

In addition to being a lender,
Saxon services home loans —
collecting payments, maintain-
ing records and foreclosing on
delinquent borrowers.

CFA Society of The Bahamas

2007/2008 Officers & Directors

President
Kristina M. Fox, CFA

Email: kfox@coralwave.com

Vice-President

David Ramirez, CFA

Pictet Bank & Trust Ltd.

PO Box N-4873, Nassau Bahamas
Ph: (242) 302 2217

Fax: (242) 327 6610
Email:dramirez@pictet.com

Treasurer

Christopher Dorsett, CFA

Citigroup Corporate & Investment Bank

PO Box N 8158, Nassau, Bahamas

Ph: (242) 302 8668

Fax: (242) 302 8569

Email: Christopher.a.dorsett(@citigroup.com

Secretary
Sonia Beneby, CFA
ScotiaTrust
PO Box N 3016, Nassau, Bahamas
Ph: (242) 502 5700
. Fax: (242) 326 0991

Email: sonia.beneby@scotiatrust.com

Programming

Karen Pinder, CFA

EFG Bank & Trust (Bahamas) Ltd.
PO Box SS 6289, Nassau, Bahamas
Ph: (242) 502 5400

Fax: (242) 502 5428

Email: karen.pinder(@efgbank.com

Education

Pamela Musgrove, CFA

Colina Financial Advisors, Ltd.

PO Box CB 12407, Nassau, Bahamas
Ph: (242) 502 7008

Fax: (242) 356 3677

Email: pmusgrove(wefal.com

Warren Pustam

Pictet Bank & Trust Ltd.

PO Box N-4873, Nassau Bahamas
Ph: (242) 302 2222

Fax: (242) 327 6614

Email: w_pustam@hotmail.com

Membership

Geneen Riviere

Pearl Investment Management Limited
PO Box N 4930, Nassau, Bahamas

Ph: (242) 502 8022

Fax: (242) 502 8008

Email: geneen.riviere(@pearl-investment-
management.com

Past President

David Slatter, CFA

KPMG

PO Box N-123, Nassau, Bahamas
Ph: (242) 393 2007

Email: dslatter@@kpmy.com.bs

A

PROFESSIONAL
DEVELOPMENT
QUALIFIED ACTIVITY



MONTHLY SPEAKER / WEBCAST EVENT

Topic:
Date:
Time:

6:00 pm
6:30 pm

Location: Luciano’s of Chicago
Cagliari Room

East Bay Street

Webcast
Jim Walker
Chief Economist

Presentation:

China’s Economy: Structural Strength, Cyclical Weakness

Thursday, September 27" 2007

Cocktail Reception (Hors d’Oeuvres)
Webcast
Please arrive promptly!

CLSA Asia-Pacific Markets

Members $25.00
Non-Members $35.00

(If paying by cheque, please make cheque payable to: CFA

Society of The Bahamas)

Reservations:
September 25, 2007
Karen Pinder, CFA

PRE-REGISTRATION REQUIRED - by Tuesday

karen.pinder@efgbank.com
*Prepayment required through one of the Board Members



In this presentation, Jim Walker discusses the long-term growth outlook for

China. He will speak about the drivers of this growth including: Private
property rights and market signals. In addition, reasons for short-term market

concems will be reviewed,

Jim Walker is chief economist at CLSA Asia-Pacific Markets. Previously, he
worked as a research fellow at the Fraser of Allandder Institute and then at the
Royal Bank of Scotland, where he was responsible for coverage of the oil

industry and the U.S. economy.

Well known as “Dr. Jim,” Dr. Walker has been named the Best Economist for
Asia for 11 consecutive years in the Asiamoney Brokers Poll. He is best
known for his coverage of Hong Kong and China and is widely recognized as
one of the first to predict the 1997 Asian crisis. Dr. Walker received a BA and
PhD in economics from the University of Strathclyde, Glasgow.




















SURE eit h ct cauchimnt



Position: WARDEN:



Jason DeCrow 4P

me

Ma SAP mene ByDesign at an event in

Give the Gift of Travel with
Premier’s new refillable

Gift Card!

PREMIER TRAVEL



Come in and see us today!

PREMIER TRAVEL

#57 Collins Avenue
328-0264 / 328--0257





Employment Opportunities _

The Clifton Heritage Authority is seeking the services of persons to filk the
following positions at the Clifton National Park:

Park wardens have significant responsibilities in visitor services, Resour:
management and the provision of the interpretative services.

Duties/Responsibilities:

°

°

.
Assists with monitoring the activities at the park to ensure the proper usc 0!
the facilities.

Assists with the facilitation of tours at the site, school programs and spec! 1!
events.

Implements resource management techniques required to manage and resioic
natural and cultural resources including exotic plant and animal removal
native plant restoration, erosion control and prevention of historic stiuctur
remains and archacological sites.

Properly uses herbicides and other chemicals in conjunction with tic
maintenance team. =
Provides emergency assistance.

Assist with any other duties assigned.

Post Qualifications:

°

Minimum of 3 BGCSE’s or 5 BJC’s

Have sound knowledge of security techniques.
Police vetting is a requirement

‘Trainable and preparedness to be trained.
Graduate of the Bahamas Host Program is a plus

Position: Maintenance Worker

Responsible for the daily maintenance and upkeep of the grounds and facile.
of the Clifton Heritage Park.



Duties/Responsibilities

Ensures the daily maintenance and upkeep of the grounds of the Chilton
Heritage Park, facility cleaning, facility repairs and maintenance, and natural
and cultural resource management as directed.

oO

oO

Removal of debris and other identified plants.

Cleans and properly stores all tools, vehicles and equipment,
Constructs, maintains and repairs building and structures, including
plumbing, wiring and painting.s

Post Qualifications:

oO

°

fe}

Minimum of 3 BIC's
Ability to operate general landscaping equipment
Trainable and preparedness to be trained
Applications are available at the Authority’s Office Colins Avene,
Telephone contact 325-1505.

\\



PAGE 12B, THURSDAY, SEPTEMBER 20, 2007 THE TRIBUNE

City Markets
owner invests
$4.4m in chain
over a year

FROM page 1



kets shoppers:in Grand >
Bahama and New Providence.
future of the company. “We listened to what they said

“You can see it in the faces and we are doing everything
of the staff, you can see iton = we can to make sure that we
customers’ expressions,” said provide the best possible shop-
Mr Burns. “They know that — ping experience. The compa-
we are in the process of chang- ny is excited about the future
ing and we are attuned to their and the direction we are going
requests.” to better serve our customers,

A tew months ago, they sur- employees and shareholders,”
veyed thousands of City Mar- Mr Burns added.



Legal Notice



NOTICE

INTERNATIONAL BUSINESS COMPANIES
ACT
(No.45 of 2000)

‘DENBERRY LIMITED

In Voluntary liquidation

“Notice is hereby given that in accordance with Section 137
(4) of the International Business Companies Act (No. 45 of
2000), DENBERRY LIMITED is in Dissolution.”

The date of commencement of dissolution is the
4th day of September, 2007.

Ss

VM al Ld ti City Markets shows off the firm’s new scanner.



ober hip urea For the stories behind the news, NOTICE

He Jr $5 sit NASSAU ESUANAS Sao Oo
; ; , is applying to the

Channel Islands reatl Insight Onl Mondays Minister responsible for Nationality and Citizenship, for
Liquidator registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight days

a from the 13TH day of SEPTEMBER, 2007 to the Minister

Te meet the challenge of operating our growing business, we wish to recruit a: oe een and Citizenship, P.O.Box N-7147,

Portfolio Manager
. NOTICE

Main responsibilities — Management of discretionary portfolios according to the Bank's quidelines





— Conduct appropriate investment research and analysis NOTICE is hereby given that ITALIA ANNESTIN #28 YOUNG

; — Review portfolio performance HUSBAND, GENERAL DELIVERY, FREEPORT, GRAND BAHAMA,
— Evaluate, control and minimize the risk of the portfolios BAHAMAS, is applying to the Minister responsible for Nationality

~ Assist with the administration and operations of the Bank and Citizenship, for registration/naturalization as a citizen of The

Bahamas, and that any person who knows any reason why

Ideal profile ~ Several years experience as a portfolio manager registration/ naturalization should not be granted, should send a
"Fluent in English and French written and signed statement of the facts within twenty-eight days

from the 18TH day of SEPTEMBER, 2007 to the Minister responsible
for Nationality and Citizenship, P-O.Box F-41085, Grand Bahama,
Bahamas.

— Higher education
~— Dynamic and proactive personality

What we offer — The opportunity to play an active role in the success of an innovative bank
— The chance to work within a dynamic and motivated team

~ An attractive remuneration package which provides incentives based on results N OT C =
— Competitive welfare benefits

NOTICE is hereby given that ALBERTO CICERON
of MEADOW STREET, P.O. BOX NP-4388, NASSAU,
BAHAMAS, is applying to the Minister responsible for
‘ Nationality and Citizenship, for registration/naturalization as a
citizen of The Bahamas, and that any person who knows any
reason why registration/ naturalization should not be granted,
should send a written and signed statement of the facts within
twenty-eight days from the 20TH day of SEPTEMBER, 2007
to the Minister responsible for Nationality and Citizenship,
P.O.Box N-.7147, Nassau, Bahamas.

NOTICE is hereby given that DELENO A. LIGHTBOURNE
OF HOLMES ROCK, GENERAL DELIVERY, GRAND
BAHAMA, BAHAMAS, is applying to the Minister responsible
for Nationality and Citizenship, for registration/naturalization

as a citizen of The Bahamas, and that any person who
knows any reason why registration/ naturalization should

Please send your resume and reference to: betsy.morris@syzbank.com
SYZ & CO Bank & Trust LTD. | Tel: (+1 242) 327 66 33 : *
Bayside Executive Park | P.O. Box N ~1089 | Nassau, Bahamas www.syzbank.com

Private Banking rd ee |
OYSTER Funds rt O

a iad seien an aNiectulea es Created to perform






=) FIDELITY

BISk

Pricing Information As Of:
Tuesday, 18 September 2007





WiSit WWW.BISXBAHAMAS.COM FOR MORE DATA & INFORMATION
.75 1 GHG 00.08 | %CHG 00.00 / YTD 215.56 / YTD % 12.86






not be granted, should send a written and signed statement





152wk-Hi 52wk-Low Security Previous Close Today's Close Change Daily Vol. EPS $ Div $ P/E thi j ~

1.78 0.54 Abaco Markets . 1.60 160 0 00 0.094 0.000 17.0 0 00% of the facts within twenty-eight days from the 20TH day of
fii.74 11.90 Bahamas Property Fund 11.70 11.70 0.00 1 527 0 400 77 3.42% September, 2007 to the Minister responsible for Nationality
9.55 7.50 Bank of Bahamas 9.55 955 0.00 0733 0 260 13.0 2.72% it] i r S
j0.85 0.70 Benchmark 0.85 0 85 0 00 0.048 0 020 177 2 35% and Citizenship, P.O.Box N-7147, Freeport, Bahamas
3.74 1:52 Bahamas Waste 3.73 3.73 000 0279 0 O6GO 124 16%




1.62 1.20 Fidelity Bank 1.62 162 0 00 . 0 0G4 0 040 253 2 4T%
#11.00 9.40 Cable Bahamas 11.02 11 02 0.00 0 996 O 240 114 2 18%
3.15 1.80 Colina Holdings 3.15 3.15 0.00 0 208 0 080 Hd 2 >
J15.83 11.50 Commonwealth Bank 15.83 15.83 0.00 1190 O G80 133 4.30% N i i oa
7.22 4.70 Consolidated Water BDRs 5.62 §.70 008 O112 0.050 50 3 0 89%
2.76 2.20 Doctor's Hospital 235 2.35 0 00 10,500 0.284 0 000 83 0.00% :
6.40 5.54 Famguard 6.18 618 0.00 0.804 0 240 77 3.88% NOTICE is hereby given that WIDEMAX FLEUREMY
12.79 11.51 Finco 12.79 12.79 0 00 0768 0570 167 4 46%
#1470 13.76 FirstCaribbean 14.70 14.70 0 00 0977 0.470 14.6 3.20% of BLUE HILL ROAD, P.O. BOX SS-1 9753, NASSAU,
je r° ose Eel) 6.10 6 10 0 00 0364 0133 167 217% BAHAMAS, is applying to the Minister responsible for
K 5 Freeport Concrete 0.70 070 0.00 : 0.415 0 000 N/M 0.00% . : iti : os j 4 raj j
a hg Se FGh 6 co Uaintice a 7.25 6.00 0411 0200 176 Bae: Nationality and Citizenship, for registration/naturalization as a
10.05 8.52 J. §. Johnson 10.05 10.05 0.00 0.946 0 580 10.6 5.77% citizen of The Bahamas, and that any person who knows any

1000 10.00 Premier Real Estate 10.00 40.00 0.00 1167 0 60O 86 6 00%
; i Fidelity Over-The-Counter Securities ‘



reason why registration/ naturalization should not be granted,



[S2wk-Hi___52wk-Low “symbol CBS Ask $ Last Price Weekly Vol. EPS$ _Div$___PIE Yield should send a written and signed statement of the facts within
14.60 14.25 Bahamas Supermarkets 14 60 15 GO 16 00 1.125 1 485 13.9 10.17% ;

8.00 6.00 Caribbean Crossings (Pref) 6 00 6.25 6.00 0.000 0 480 NM 7 80% twenty-eight days from the 20TH day of SEPTEMBER, 2007
0.64 oldings gf 3® Q 40 0.20 0020 of O00. a IM 0.00% } to the Minister responsible for Nationality and Citizenship,




Colina Ovar-The-Counter Securities

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



ABDAB : 41.00 43,00 41.00 4450 2 750 90 670%

41.00 41.00
14.60 14.00 Bahamas Supermarkets 14.60 15 50 14.00 1195 1485 12.6 10 17%
O45 055 OAS 0 030 G OOU N/M O 00%



055 — : oO 40 RND Holdin
ee BISX Listed Mutual Funds

og wicHt Bawicbow Fund Name. NAV WTO, East i2 Months Bly § Yield %
H1 3566 12828 Colina Money Market Fund 1 356630*
3.3402 2.9449 _— Fidelity Bahamas G & | Fund 3.340








A? pees 2.4606 Colina MSI Preferred Fund 2 886936***
ee Ae need een Boe eae Fund ree NOTICE is hereby given that PHILOMENE GULCE OF MIAMI
" LE ee ie FINDEX: CLOSE 855.71 / YTD 19.21% / 2006 34.47% < STREET, NASSAU, BAHAMAS, is applying to the Minister
oc ee MARKET TERMS YIELD last 12 momh uiviloncis cividnd by clown prc NAV KEY responsible for Nationality and Citizenship, for
sa WhcLowW:: Lowusk closing tice in leat S2 weeks AL oxi ealinnn Ghoa aleiaitec tad Falulny cig tutte sts registration/naturalization as a citizen of The Bahamas, and
fede accra ee ene ees ea oath” ee ee ae oS ae 200 Sten a aceon nou
Change | Change in closing price from day to day Bag > Ahicariie ienaiicasGarminga hak alarS Torna eee ase aanuaeor naturalization should not be granted, should send a written
Dally Vel. NUN ete ate ease NAV - Hot Asset Voie and signed statement of the facts within twenty-eight days

{PPI Closing price divided by the last 12 month earnings IDEN ie itieati Rialnai Abe SiGe Salo GAMMA eaL aba 760 from the 13TH day of SEPTEMBER, 2007 to the Minister

responsible for Nationality and Citizenship, P.O.Box N-7147,
Nassau, Bahamas.

(S) - 4-for-1 Stock Split - Effective Date 8/8/2007



TO TRADE CALL: GOLINA 242.502.7010 / FIDELITY 242-356-7764 / FOR MORE DATA & INFORMATION CALL (242) 394-2503

{ ( .



THE TRIBUNE

THURSDAY, SEPTEMBER 20, 2007, PAGE 13B

ENS



Honeywell to provide mechanical

@ By DONNA BORAK
AP Business Writer



WASHINGTON (AP) —
Industrial conglomerate Hon-
eywell International Inc. said
Wednesday it will provide the
‘major mechanical systems for
Airbus’s new long-range, wide-
body A350 aircraft, under a
contract expected to generate
more than $16 billion in rev-
enue over 20 to 25 years.

Honeywell said the contract
is the largest systems and
equipment package Airbus has
awarded to date on this pro-
gramme.

As part of the deal, Honey-
well will design and build an
auxiliary power unit and other

equipment that supply pneu-
matic and electric power for
the aircraft while on the
ground or in-flight.

The company will also build
systems to manage all of the
air used on the aircraft for
environmental control, includ-
ing cabin heating, cooling and
pressurization.

The A3SO0XWB family is
Airbus plan fora series of effi-
cient, medium-capacity, long-
range wide-body aircraft. With
a range of up to 15,400 kilo-
meters (9,569 miles), it is avail-
able in three basic passenger
versions: the A350-800 accom-
modating 270 passengers, the
A350-900 seating 314, and the
A350-1000 for 350 passengers.

Total firm orders and com-
mitments for the A350XWB
stand at 254 aircraft, including
154 firm orders and 100 com
mitments. The Airbus aircratt
is scheduled to hit the market
about five years after rival
Boeing Co.’s new mid-size,
longhaul 787 jetliner. To date,
Boeing has received 706 orders
for the 787. The plane ts sold
out through late 2013.

Earlier this month, Boeing
executives Said flight testing
on the 787 would be delayed
until mid-November or mid-
December, three months lat-
er than originally expected.
The company insists they will
remain on track to deliver the
first plane on time to Japan’s
All Nippon Airways in May,
pending any problems that
arise out of testing.

Honeywell has had a long-
standing commercial relation-
ship with Airbus, making
everything from avionics sys-



rT THIS file artist rendition released by. Airbus industry, an’A 350 jetliner KS Ress

computers to brakes, and with
recent changes to the aircraft it
is expecting future opportuni-
ties.

“Historically, Airbus would
have had a lot of this done in-

house.” said Rob Gillette,
president and chief executive
of Honeywell's aerospace divi-
sion. But under this contract,
Honeywell will be responsible
for managing the suppliers for











FEO HP AHI Ses















the position of

QuickBooks.



Requirements:

eae GB A sh. te ae a Bt a

CACIQUE

Cacique International Ltd. with over 10 years ot
outstanding service in destination management
and event planning invites applicants to apply for

Financial Controller

General: Applicants should be have excellent
time management skills and be proficient in

¢ Bachelors Degree in Finance or equivalent

~~



tems to flight management













¢ CPA preferred




Remuneration:
Comparative salary range plus excellent benefits
package inclusive of health insurance.

INSIGHT
For the Peat
PTs te
Pew
ol Mondays




Interested please should submit resumes to the
following addresses on or before September 28th
2007:
Director of Human Resources
P.O. Box N-4941
Nassau, Bahamas
Or email: jbeneby @caciqueintl.com












Constants fad



Insurance Brokers & Benefit

RACQUEL CHEA

is no longer employed by Lampkin &
Company and is not authorized to
con.iict business on our behalt.



wv friendly, professional and
iigeable service continues...F eel
io contact us for assistance!

know:
fi TEC

Phone: (242) 325-0850 ° Fax: (242) 326-8024
12 Montrose Avenue ¢ P.O. Box EE-15280







a major system within the air-
craft. he ¢

Honeywell’s facilities in
Phoenix and Torrance, Cali-
fornia, will handle the majori-
ty of system integration on the
aircraft, as well as additional
work from its European part-
ner,

For the first half of 2007,

Honeywell earned $611 mil-
lion, or 78 cents per share. on
revenue of $8.5 billion. Shares
of Honeywell added $1.09 to
$58.37 in morning trading.

e AP Business Writer Jen-
nifer Malloy in New York con-
tributed to this report.

systems for Airbus in $16bn deal

NOTICE
|

OMEGA INVESTMENTS LIMITED

Airbus/AP

Notice is hereby given that liquidation of the above
company commenced on the 19th day of September, |
2007. Credit Suisse Trust Limited of Bahamas Finan-
cial Centre, Shirley & Charlotte Streets, Nassau, The
Bahamas has been appointed Liquidator of the
Company.

Credit Suisse Trust Limited.
Liquidator



P2411 en Uae Cee UL

A position has arisen for a chartered accountant with 20-25 years
experience in the profession, or private sector, to assist in the
further development of a branch office in Marsh Harbour, Abaco.



applicant must have good inter-personal skills and be able to
relate to a wide variety of clients in diverse business environments,
have a history of large scale development projects and experience
of international clients looking to set up business in the family
islands. He/she must be computer literate with a good working
knowledge of Excel and Word.

Applicants should apply in writing to:

ECA Application
P.O. Box CB-11651
Nassau, Bahamas





NOTICE OF VACANCY

Excellent opportunities for career advancement exist in the Legal
Department of Port Group Limited. The Company invites qualified
applicants to apply for the position of Legal Assistant.

Phe successful candidate must have at least five (5) years experience
as a Legal Assistant in the fields of conveyancing, commercial
iransactions and probate matters, and must be proficient in all

Microsoft Word and Excel programmes.
The successful candidate must also have:

Completed a rec

or

ognized paralegal/legal executive course,

A minimum of five (5) B.G.C.S.E “O” levels or equivalent,
two (2) of which should be Math and English with grade

“C” or above

Résumés with supporting documentation should be submitted to:

The Personnel Department

‘The Grand Bahama Port Authority, Limited

P.O. Box F-42666

Freeport, Grand Bahama

BAHAMAS
or

Kmail: personnel@gbpa.com
On or before September 30, 2007





PAGE 14B, THURSDAY, SEPTEMBER 20, 2007

THE TRIBUNE



Gol, Brazil’s No. 2 airline,
considering share buyback

@ By ALAN CLENDENNING
AP Business Writer



SAO PAULO, Brazil (AP) —
Shares of Brazil’s Gol airline soared
Wednesday after the family-run fund
that controls the company announced

‘it is considering a share buyback that

would delist the nation’s No. 2 air-
line on exchanges in Brazil and the
United States.

Gol’s stock rose 11.4 per cent on
Sao Paulo’s Bovespa exchange after
the Fundo Asas announced said it
was assessing the buyback but had



not made a decision.

The company’s American deposi-
tory shares on the New York Stock
Exchange jumped 11.9 per cent, or
US$2.55 to US$23.98.

Fund

The fund is used by Brazil’s Con-
stantino family to manage its majori-
ty stake in Gol, a low-cost airline that
started out small in 2001 and now just
barely trails the market share of TAM
Linhas Aereas SA, Brazil’s largest
airline.

FIRSTCARIBBEAN

NTERNATIONAL BANK

FirstCaribbean International Bank (Bahamas) Limited

Chairman’s Review
Of the Results
For the nine months ended July 31, 2007

FirstCaribbean International Bank (Bahamas) Limited earned a consolidated net income of $85.2
million for the nine months ending July 31, 2007, This represented an increase of $2.3 million or
2.8% over last year’s restated net income. Excluding the impact of the changes as described in
notes 3, 5 and 6 to these interim statements, which had a positive impact of $4.9 million, the net
income to date was 3.2% less than last year due to higher cost of deposits resulting from the



The fund’s statement to Brazil’s
Securities Commission did not say
how much a buyback would cost, but
Brazil’s Valor Economico business
newspaper estimated a price tag of
at least three billion reals (US$1.6 bil-
lion). Fundo Asas owns 69.6 per cent
of the company’s shares and all of
Gol’s voting shares.

Shares of Gol Linhas Aereas Intel-
ligentes had dropped sharply since
July, when a TAM passenger jet
crashed in Sao Paulo and killed 199
people in Brazil’s deadliest air acci-
dent. The company’s shares in New

York have traded in a range of
US$19.02 to US$37.10 over the past
year.

The accident exposed severe short-
comings in Brazil’s civil aviation sys-
tem, which was already under pres-
sure following a series of air traffic
controller strikes and work slow-
downs that cause mass delays and
cancellations and hurt Brazilian air-
lines.

President

President Luiz Inacio Lula da Silva



FirstCaribbean International Bank (Bahamas) Limited
Consolidated Statement of Changes in Equity
BS'000

Share Capital &
Reserves

Balance at October 31, 2005
as previously reported
Prior period adjustment

417,281

fired his defense minister in charge
of civil aviation following the crash,
and the government is imposing a
plan to reduce air traffic at Sao
Paulo’s Congonhas airport, the site
of the crash and the nation’s busiest
airport.

Gol took to the skies with just six
planes and rapidly expanded market
share amid an expanding Brazilian
economy and the demise of the
nation’s former flagship carrier, Varig.

Gol then bought Varig in a cash
and stock deal valued at about
US$275 million.

Retained Earnings Total

162,439 579,720

(18,481) (18,481)

417,281 143,958 561,239
lar i j 31, 2005 as restated . ; ,
tight local dollar liquidity as well as lower returns on our US dollar investment portfolios. Balance at October 31,
| : . Net income for the period
Total revenues for the period amounted to $134.7 million, same as last year. Earnings on our US as previously reported - gyal 83,627
dollar investment portfolios in the third quarter were adversely impacted by global widening of Prior period adjustment 732,
credit spreads, which led to a reduction of $4 million when compared to last year. ee Gucome as restated : : 82,895 82,895
Total interest income rose 24% or $41 million over last year as both loan balances and Dividends an (66,119) (66, ' 2
investments increased. Total interest expense also increased $42.8 million due to higher Revaluation gains/(losses) Coa aon . .(817)
customer deposits and additional borrowings as well as the increased rates paid on customer Transfer to Statutory Reserve Fund - Turks & Caicos Islands onl acne -
deposits. Consequently, the Bank’s net interest income for the nine month period was $106.3 Transfer to Statutory Loan Reserve , :
million, $1.7 million lower than last year. Balance at July 31, 2006 435,525 141,673 577,198
Operating expenses for the period were $41.4 million, a reduction of $8.9 million from the same
period last year and the ratio of expenses to revenue improved by 7% over last year to 31% for Balance at October 31, 2006 435,556 169,850 605,406
the nine months of this fiscal year. Excluding the impact of the changes noted above, operating
expenses was $48 million, $2.3 million less than last year. Loan loss expense was $8 million, an Net income for the period 85,191 85,191
increase of $6.6 million over last year as loan provisions were prudently made during the third Dividends (56,500) (56,500)
quar‘er of this year. Revaluation losses coy 2 ey
| Transfer to Statutory Reserve Fund - Turks & Caicos Islands me (5, ey :
The total assets.of the Bank at July.31, 2007 were $4.8 billion, representing.a.growth of $22 f= Release tor Statutory Loan Reserve _ (705) 70 =
million or 24% aver last ae and $350: enon or 8% since last fiscal year end:—* . 436,358 194,046 630,404
i Balance at July 31, 2007 s
ACER i aay , a .
Earnings per share was 70.9 cents, 1.9 cents greater than the amount for the same period last
year. Excluding the impact of the changes as noted above, earnings per share was 65.4 cents for
the period. FirstCaribbean International Bank (Bahamas) Limited
The return on assets for the nine months was 2.4%, and the return on tangible equity was 26%. Consolidated Statement of Cash Flows
BS'000
; , : : Unaudited Unaudited Audited
The Directors thank our customers and employees for the:r continued support.
prey Nine Months Ended Nine Months Ended —“Y :ar Ended
July 31, 2007 1,2 t [
WIC. ce / uly 31, July 31, 2006 Octc ber 31, 2006
: ; (Restated) (iestated)
Michael K. Mansoor
: oe Net cash from (used in) operating activities ° 140,776 25,862 (253,390)
FirstCaribbean International Bank (Bahamas) Limitea , ,
a BalancesSueet Net cash from (used in) financing activities 56,412 (66,119) 214,573
Unaudited Unaudited Audited
July 31, 2007 July 31,2006 October 3 2008 Net cash used in investing activities (14,071) (139,974) (523,210)
(Restated) (Restated)
Assets : .
ca and balances with banks 545,430 611,430 367.400 Net increase (decrease) in cash and cash equivalents 183,117 (180,231) (562,027)
Securities 1,534,086 671,716 1,367,651 .
Loans and advances to customers 2,453,017 2,339,865 2,444,830 Cash and cash equivalents, beginning of period 180,084 742,111 742,111
Intangible assets 187,747 187,747 187,747
Property, plant and equipment 27,251 28,917 29,209 . ivalent d of period 363,201 561,880 180,084
Other assets 54,579 42,327 55.248 Cash and cash equivalents, en Pp ’
Total assets 4,802,110 3,882,002 4,452,085
aaa a eseis cates aan FirstCaribbean Luternational Bank (Bahamas) Limited
pike ncowed funds "373.951 = ‘ a Notes to Consolidated Interim Financial Statements
Other liabilities 54,832 44,736 61,432 Nine Mouths Ended
Debt securities in issue 20,305 - - July 31, 2007
Total liabilities 4,171,706 3,304,804 3,846,679
1. Accounting Policies
Equity The accounting policies used in the preparation of these consolidated interim financial statements are consistent with those used in the annual financial
Share capital & reserves 436,358 435,525 435.556 statements for the year ended October 31, 2006.
Betattied carnines 194,046 141,673 169,850 The consolidated interim financial statements include the accounts of the following wholly owned subsidiaries:
FirstCanbbean International Finance Corporation (Bahamas) Limited
630,404 577,198 605,406 FirstCaribbean International (Bahamas) Nominees Company Limited
FirstCaribbean International Land Holdings (TCI) Limited
Total liabilities and equity 4,802,110 3,882,002 4,452,085

h

Director















2. Comparatives

Where necessary, comparative figures have been adjusted to comply with changes in presentation in the current year.

Director In the prior year, in accordance with IAS 18 Revenue, loan fee income, which would have been considered to be an intergral part of the effective interest rate
of the financial instruments, was deferred and recognised as an adjustment to the effective interest yield on the loan, This adjustment was applied
: ‘ . eg etrospectively, and as suc rc arative stat ts for 2005 tated. The 2006 previously published comparatives have also been restated to reflect
FirstCaribbean International Bank (Bahamas) Limited oe. and as such, the comparative statements for were restated p ly p' Ip)
. Is adjuster
Consolidated Statement of Income
BS'000 ~ . . x .
3. Change in Accounting Estimate
Unaudited Unandited Audited * Effective November 1, 2006, the Bank changed its estimate on the useful life of software which resulted in an increase in the depreciation charge for the nine
Quarter Ended Nine Months Ended Year Ended month period in the amount of $731.
July 31, 2007 July 31, 2006 July 31, 2007 July 31, 2006 October 31, 2006 I
(Restated) (Restated) 4. Change in Accounting Policy
Total interest income 69,678 61,646 211,493 170,429 239,740 Effective March 1, 2007, the Bank changed the date on which all purchases and sales of financial assets at fair value throu.) the profit and loss are to be
Total interest expense (35,086) (24,403) (105,180) (62,380) (91,407) recognised from trade date to settlement date. The audited October 31, 2006 balances have been restated to reflect this char..c. The impact on the audited
: October 31, 2006 balances was to reduce trading securities by $157 million, other assets by $82 million and other liabilitie: by $239 million. There was no
Net interest income 34,592 37,243 106,313 108,049 148,333 impact on the year to date July 31, 2006 balances.
Operating income 8,083 8181 78,372 26,620 33,836
42,675 45,424 134,685 134,669 181,869 5. Post Retirement Benefits
Operating expenses 16,514 18,459 41,447 50,359 65,873 Effective January 1, 2007 certain changes to the Bank's post retirement health benefit schemes were made which resulted in :he recognition of a curtailment
Loan los: expense 6,327 (1,121) 8,047 1,415 5,324 gain of $7.2 million
22,841 17,338 49,494 51,774 NAOT
6. Related Party Transactions .
7 The agreement with Barclays Bank PLC whereby the Bank would receive an annual payment from Barclay Bank PLC of 5} :itlion as an incentive to retain
Net income 19,834 28,086 85,191 82,895 deposit placements with Barclays Capital expired on December 31, 2005. The comparative period ended July 31, 2006 would therefore include income for the

110.672

SESS

Weighted average number of common
shares outstanding for the period

Earnings per share (in cents)

120,216,204 120,216,204

70.9 69.0

120,216,205

92.1

final two-months in the amount of $1.7 millon within operating income.

7. Deposits

Included in deposits are deposits from related entities in the amount of $605 million July 31 2006: $243 million) which may he repaid within the year.

8. Issuance of Debt Instruments

On November 3, 2006, the Bank issued $20 million redeemable floating rate notes at prime plus 0.75% which mature November 3, 2011.



THE TRIBUNE

‘HUHSDAY, SEF ttc IVIBER 20, 2007, PAGE 15B



Euro hits new high against the US
dollar after Fed’s interest rate cut

@ By MATT MOORE
AP Business Writer



FRANKFURT, Germany
(AP) — The euro soared to a
new all-time high against the
United States dollar on
Wednesday in the aftermath
of a half-per cent interest rate
cut by the Federal Reserve,
but dropped back on data
showing a small decline in US
consumer prices.

The euro rose to US$1.3987,
a new high, before setthing
back to US$1.3973 in after-
noon European trading after.
the US Labour Department
reported that its Consumer
Price Index dipped by 0.1 per
cent last month. That was the
first decline since October
2006.

The euro was still above the
US$1.3971 it bought in New
York late Tuesday after the
Fed cut its benchmark interest
rate a half-point to 4.75 per
cent. the first reduction in four
years.

Most analysts had expected
a quarter-point cut. Lower
interest rates, used to jump-
start the economy, can weaken
a currency by giving investors

less return on investments
denominated in the currency.

The Fed acted to calm finan-
cial markets afraid of an
impending recession due to a
slumping housing market, the
credit crisis and weak August
jobs data.

The pound also was higher
against the dollar. It rose to
US$2.0173 before falling back
to US$1.9978, below the
US$2.0131 it bought in New
York late Tuesday.

The rising euro has yet to
cause great consternation
among most of the 13 nations
that use the common currency,
but as it rises, it could dampen
exports, particularly to the
United States, making any-
thing from automobiles to con-
sumer appliances more expen-
sive to American buyers.

German Economy Minister
Michael Glos said in an inter-

view with the Bild newspaper

published Wednesday that
“nobody knows how the US
financial crisis will affect Ger-
many in the end.”

He also said that a weak-
ened dollar, along with higher
oil prices, has the potential to
slow Germany’s growth, par-

Housing downturn

raises ‘significant

risk’ of recession,
_ Says economist

a By, ALAN ZIBEL
AP Business Writer

WASHINGTON (AP) —
An economist who has long
predicted this decade’s hous-
ing market bubble would
deflate said the residential real
estate downturn could spiral
into “the most severe since the
Great Depression” and could
lead to a recession.

Yale University economist
Robert Shiller’s written com-
ments to lawmakers came a
day after the Federal Reserve

_ responded to credit market tur-

- moil by slashing the target fed-
eral funds rate ‘by a half point
to 4.75 per cent.

Shiller, in testimony pre-
pared for a hearing of the Joint
Economic Committee said the
loss of a’ boom. mentality
among the public may bring on

. a drop in consumer confidence

that poses a “significant risk” of

a recession within the next
year.

’ Meanwhile, Peter Orszag,
director of the Congressional
Budget Office, gave a more
tempered forecast, saying that
financial market turmoil and
weakened consumer confi-
dence pose economic threats
_but are not likely to send the
economy into a recession.

A hypothetical 20 per cent
drop in home prices over two
years would reduce United
States economic growth by one
half of a percentage point
annually to one and-a-half per-
centage points annually after
three years, the Congression-
al Budget Office calculates.

“The risk of recession is ele-
vated but the most likely sce-
nario at this point seems to be
continued economic growth,”

“The nee of
recession is
elevated but
the most likely
scenario at this
point seems to
be continued
economic
erowth.”

— Peter Orszag

Orszag said.

The hearing came as the gov-
ernment said Wednesday it
would slightly raise the invest-
ment portfolio cap for govern-
ment-sponsored mortgage
companies Fannie Mae and
Freddie Mac as a way to pump
cash into the stretched mort-
gage market.

Since mortgages made to
people with weak credit are
concentrated among low-
priced homes, Shiller said “low
income people will be espe-
cially hard hit by the correc,
tion.” He advocated the cre-
ation of a new federal commis-
sion, modeled after the Con-
sumer Product Safety Com-

mission, to detect abusive lend-

ing practices that critics say
were common in the market
for loans made to people with
weak credit.

‘

ticularly in exports. Germany is
the world’s biggest exporter,

‘just ahead of China and the

United States.

“If the dollar’s exchange rate
further weakens, it will cast a
shadow on our export

chances,’
saying.
The dollar strengthened
against the Japanese currency,
rising to 116.11 yen from
115.74 yen after the Bank of
Japan kept its benchmark

’ Glos was quoted as

interest rate steady at half a
per cent and kept its assess-
ment of the national economy
unchanged.

The bank reiterated its opti-
mistic outlook for the future,

while expressing some caution

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“Japan’s economy is expect-

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said.

. © AP Business Writer Yuri

Kageyama in Tokyo con-

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ry /
AN
SDA t,

C

PAGE 16B, THURS





Full Text







Volume: 103 No.250





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Crown seeking death
penalty for lan Hutchinson
for murder of Jackie Moxey

lm By NATARIO McKENZIE

IN A unanimous decision
yesterday, a Supreme Court
jury found Ian Hutchinson
guilty of the murder of softball
star Jackie Moxey.

The eleven-woman, one-man
jury deliberated for about two
hours before returning yester-
day afternoon with the verdict,
bringing the nearly three-week
trial to a close.

Hutchinson sat emotionless
in the prisoner’s dock as the

verdict was read while family .

members of the deceased
shrieked with joy and struggled
to maintain their composure in
the crowded courtroom.

When Hutchinson was asked
by Justice Jon Isaacs if he had
anything to say following the
jury’s verdict, he shook his head
and said: “No.”

After this his attorney, Mur-
rio Ducille, rose and pointed
out that certain prerequisites
must be in place before his
client is sentenced.

Cheryl Grant-Bethel, lead
prosecutor on the case and
Deputy Director of Public Pros-
ecutions, told the court that the
Crown is seeking to have
Hutchinson receive the death
penalty.

Hutchinson’s sentencing has
been deferred to November 14
at noon.

Outside court Jackie Moxey’s
relatives comforted each other
and expressed satisfaction with
the verdict.

While Hutchinson was being
escorted out of the courtroom
by police to a waiting squad car,
some of Moxey’s relatives

SEE page eight :

‘Court date set’ for inquest
into Daniel Smith death

AFTER months of delays
and legal wrangling a court date
has reportedly finally been set
for the inquest into the death
of Anna Nicole Smith’s 20-year-
old son Daniel.

According to legal sources in
the United States, the inquest
before a magistrate acting as
coroner is now scheduled to
begin on Tuesday, October 30.

A source told The Tribune
that the interested parties in this
case were very grateful to the
Bahamas for finally setting a

SEE page eight








Nick Ut/AP

ANNA NICOLE SMITH pictured
with her son Daniel in 1999.




















































DAPHNE BANNISTER, a

| mother of four, speaks at
Rawson Square yesterday.
She has a son who attends
R M Bailey school and she
says he is fearful about
going to school.

@ By KARIN HERIG
Tribune Staff
Reporter
kherig@tribunemedia.net

AS THE dispute over
police presence in public
schools continues to heat
up, concerned parents yes-
terday took to Rawson
Square to protest at the
removal of officers from
the campuses.

Holding up signs saying
“Stop da Violence”, “Pro-
tect the Children” and
“Protect da Teachers,” the
parents vowed that they
will demonstrate until
government hears their
concerns and stations
police at the schools again.

Taking part in the
demonstration, lawyer and
social activist Paul Moss
said that a police presence
is unfortunately necessary
in schools today — just as
armed officers have
become a necessity in such
areas as international air-
ports,

“When you see those
things you don’t like it,
but the reality is, that is
the world in which you

SEE page 12.






Ned Siegel
confirmed as
US Ambassador
to Bahamas

THE United States Senate has
confirmed Ned Siegel as the 12th
US Ambassador to the Bahamas.

In his prepared statement
before the Senate, Ambassador-
designate Siegel affirmed his
intention to support Operation
Bahamas Turks and Caicos
(OPBAT) to reduce drug and
migrant trafficking through the
Bahamas.

He also pledged to look after
the interests of the millions of
American citizens who visit the
Bahamas, prevent and respond
to terrorism by working with the
government of the Bahamas to
strengthen border security, and
promote prosperity in the

Security guards increase at RM Bailey

@ By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net

uilty of murder

PION CR URN CMO RMON BMD iitntas



Ned Siegel



Bahamas through expanded trade

’ and investment.

Ambassador-designate Siegel
will be sworn in by Secretary of
State Condoleezza Rice in late
October and will arrive in Nas-
sau shortly afterwards to present
his credentials to Governor Gen-
eral Arthur Hanna and assume
his duties as ambassador.



AFTER a four-day sit-out by teachers at R M Bailey Senior
High, the Ministry of Education yesterday agreed to increase the
number of security guards at the school.

The teachers — who staged the sit-out to push for more secu-
rity after an alleged attack on a biology teacher by students —
may be returning to their classrooms today following a staff

SEE page eight



PNG GORY BEB





Gay TV channel
‘would show
homosexuals
are normal’

@ By BRENT DEAN
Tribune Staff
Reporter
bdean@tribunemedia.net

A TV channel dedicat-
ed to gay programming
will allow Bahamians to
experience and see the
lives of gay people, mak-
ing all aware that homo-
sexuals are “normal”
human beings too, it has
been claimed.

Erin Greene, lead
spokesperson for the gay
advocacy group the Rain-
bow Alliance, said this in
an interview with The Tri-
bune yesterday, after a
wave of criticism erupted
on the airwaves in
response to her call for a
gay TV channel in
Wednesday’s Tribune.

Love 97’s radio show
Issues of the Day took on
the topic, with many
callers expressing outrage

SEE page 10

Freeport News
managing editor
making complaint
to police over
libellous e-mail

THE managing editor of
the Freeport News is making
a formal complaint to police
and seeking legal advice over
a libellous e-mail sent to
newsrooms around the coun-
try making “serious allega-
tions” about him.

The e-mail makes two
accusations against veteran
journalist Oswald Brown
which he strongly denies.

When The Tribune con-
tacted Mr Brown yesterday,
he had just been made aware
of the e-mail.

“T wasn’t aware that one
was in circulation,” he said. “I
just saw it for the first time. I
seé who the e-mail is coming
from. I’m going to turn it
over to the police, and see if
they can determine who that
person is. It’s a criminal mat-
ter, they are accusing me of

SEE page 10
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THE TRIBUNE

Union boss threatens

drastic action on GB
to settle disputes

@ By DENISE MAYCOCK

Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - A union leader
has threatened to bring Grand
Bahama to a standstill in
response to the government’s
failure to address the deteriorat-
ing labour relations at the Grand
Bahama Power Company.

“We are not going to let these
matters die. We will be calling
on the labour force on Grand
Bahama to come together as a
unit with the union for a mas-
sive demonstration and shut this
island down if need be,” said
Keith Knowles, president of the
Commonwealth Electrical
Workers Union.

He warned the union is affil-
iated with the Trade Union
Congress and has the support
of BEIMSU president Pedro
Edwards and Sean Bowe of the
BCPOU.

Mr Knowles was speaking
following a demonstration by
Grand Bahama Power Compa-
ny workers in response to what

they say is Labour Minister
Dion Foulkes’ failure to deal
with a number of issues.

On Tuesday, Mr Knowles
and a small group of workers
assembled with placards around
noon in front of the Grand
Bahama Port Authority Build-
ing in downtown Freeport.

Mr Knowles said that the
workers are frustrated as nego-
tiations for an industrial agree-
ment remain at an impasse with
no settlement reached in the
last two years.

Mr Knowles reported that
morale is at an all time low —
the worst he has seen it in his 23
years with the company.

The once good relationship
that existed over the past 20
years between workers and
company has deteriorated and
many workers are now consid-
ering early retirement, he said.

“We are now trying to nego-
tiate packages for workers at
the Power Company — those
that have been with the organi-
sation for many years — who
now wish to separate,” he said.

The Grand Bahama Power
Company employs about 180
workers. Of that number, 128
are members of the CEWU,
and 35 are members of the
Bahamas Engineers Industrial
Managers and Supervisors
Union (BEIMSU).

The CEWU is calling on
Prime Minister Hubert Ingra-
ham, Port Authority CEO Sir
Albert Miller and Maiubeni, the
new shareholders in the Power
Company, to intervene on their
behalf to ensure that their con-
cerns are addressed by the com-
pany.

In early July, the union met
with Labour minister Dion
Foulkes. According to Mr
Knowles, at the time Mr
Foulkes promised that he would
send someone to Freeport in
August to look into the matter.

“That did not happen, and he
also stated that he would come
down. We have not seen him as
yet, and we are now calling on
higher authorities to intervene
and ensure that a settlement is
reached.”

Controversy boosts Anna Nicole book sales

THE mounting controversy
over the latest Anna Nicole Smith
book looks like propelling it on to
the New York Times bestseller
list, according to one of America’s
most respected journals.

Threats of lawsuits from Larry
Birkhead, father of Anna’s baby
daughter Dannielyn, and lawyer-
companion Howard K Stern
have sent sales through the roof,
says US News and World Report.

The magazine says Rita Cos-
by’s book, Blonde Ambition:
The Untold Story Behind Anna
Nicole Smith’s Death, is set to
debut on the New York Times
bestseller list at number 10,
which reflects a high level of
interest in the bookstores.

“It hasn’t shut us down, it’s
helped,” a publishing insider
told the magazine.

Cosby's book makes dramatic

Pee |
r

ST oe

FE F354 >



aie: NT

allegations about Birkhead and
Stern — and claims that Anna
Nicole herself was actually more
interested in women than men,
despite her cover girl image.



When it first appeared two
weeks ago, both Stern and Birk-
head threatened libel actions
against the TV journalist and
her publisher.

But she remained defiant,
claiming they would “sue a news-
boy if they could” and that they
were trying to block the truth.

Cosby told The Tribune at the
time: “We stand by the book
and everything that’s in it.”

The magazine’s disclosure
came as another controversy blew
up around Cosby’s book, this time
over an online outlet’s alleged
deletion of negative reviews.

Bloggers claimed the outlet was
cherry-picking reviews, thus deny-
ing readers of adverse comments.

Meanwhile, online sales of
Cosby’s book remained brisk.
with Amazon listing it at nun:-
ber 26 yesterday.

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THE TRIBUNE

THURSDAY, SEPTEMBER 20, 2007, PAGE 3



© In brief

McDonald’s
workers are
robbed at
gunpoint

TWO McDonald's employ-
ees were reportedly robbed at
gunpoint while trying to make a
deposit on Tuesday morning.

According to police, the
employees were leaving
McDonald’s Restaurant on
Thompson Blvd just after 11am
were about to make a bank
deposit when two men armed
with handguns exited a Nissan
Sentra, registration number
189949, and demanded the
deposit bag.

The robbers reportedly
escaped in car with a third per-
son, believed to be the driver.

Police say they have since dis-
covered that the vehicle in ques-
tion was reported stolen on Sep-
tember 15. -

Gunman
takes cash
from laundry
employee

AN employee of Super Wash
on East Street and Soldier Road
reported being robbed by a lone
gunman on Tuesday.

The worker said he was at the
establishment around 8.30pm
when a slim dark man around
six feet four inches tall, dressed
in a brown jacket, blue jeans
and with a white cloth tied
around his face entered.

This man reportedly pro-
duced a handgun and robbed
the company of cash.

Police the robber escaped on
foot heading south on East
Street.

Firearm and
ammunition
are found
by_police..

POLICE report discovering
a firearm and ammunition in an
area of southeastern New Prov-
idence on Tuesday.

After receiving a tip, officers
reportedly travelled to a bushy
area in southeastern New Provy-
idence shortly after 8pm.

There, they found a .38 hand-
gun, and 37 live rounds of
ammunition for the weapon.

Police say no arrests have
been made in connection with
the incident, but that investiga-
tions continue.

Archdiocese
launches
parenting
workshop

AN eight-week workshop on
parenting skills is being
launched by the Catholic Arch-
diocese next week.

Sessions will take place every
Tuesday, starting on Septem-
ber 25, at the Emmaus Centre
(7.30-9.30pm).

The video-based programme
will try to teach good commu-
nication skills, enabling parents
to raise well-behaved children
without the use of physical, ver-
bal or emotional violence.

Facilitator Mr Vincent Fer-
guson is also available to meet
adolescents whose parents-
guardians take part.

More information is available
from the Archdiocesan Family
Life Office at 328-4310/2.

Are YOU
Vex?

Email us at

whyyouvex@
tribunemedia.net

and tell us

what’s on
your mind

UU
EXTERMINATORS
aU Rah
aU sik 777 Yd



LAWYERS for the Bimini
Bay project have denied claims
that the resort has tried to sti
fle free speech.

The law firm of Carlos A
Velasquez issued a statement
yesterday responding a story
in Tuesday’s Tribune, which
quoted environmentalists as
claiming that the resort devel-
oper’s threat to sue them for
defamation was.an attempt to
muzzle criticism of the project.

“We take exception to the
assertion that Bimini Bay

‘Resort is seeking to retard the

democratic process in free
speech,” the firm said. “Bimini
Bay Resort has endured
unwarranted criticism attached
to this development.”

The firm said that the “false
statements and disparaging
comments” levelled at the
resort had resulted in eco-
nomic hardship and damage.

“Bimini Bay Resort wel-
comes all expressions of opin-
ions as it relates to this pro-
ject. What it opposes and will

Bimini Bay denies trying to
suppress criticism of resort

no longer accept is misinfor-
mation and misrepresentations
that have cast a negative light
on the project and Bimini Bay
Resort’s reputation.”

The firm said Bimini Bay
Resort “has always been and
will continue to be committed
to the socio-economic impact
of Bimini and the Bahamas
and has done and will continue
to do all that is necessary to
assure that the project is envi-
ronmentally sustainable and
that the heritage and culture
of the island are preserved and
enhanced.”

An August 30 letter sent
from the law firm to Dr
Samuel Gruber, head of the
Bimini Biological Field Station
and a University of Miami pro-
fessor who has been among the
development’s most vocal crit-
ics, warned that any failure by
him to ‘cease and desist’ from
publishing negative comments
about Bimini Bay would result
in legal action — both in the
Bahamas and the US.

The letter noted that the
project had been approved by
the Bahamian government,
and met “all environmental
requirements”.

It added: “Please be advised
that we have been authorised
by our clients to seek all appro-
priate remedies to recover
damages. As such, demand is
hereby made that you ‘cease
and desist’ from these actions.

“Your failure to comply with
this immediate request will
result in our clients seeking
injunctive relief and other
damages recoverable under
both United States and
Bahamian law.”

In an open letter to Prime
Minister Hubert Ingraham on
the threat of legal action by
the developers, Jeremy
Stafford-Deitsch, of Shark
Trust UK, said Bimini Bay
developer Gerardo Capo “has
now resorted to threatening to
sue several individuals in an
attempt to silence criticisms of
his actions.

Minister pushes for more
public financial education

MINISTER of State tor
Finance Zhivargo Laing told
financial experts that it is
vital for them to educate the
public on money manage-

: » ment and investments.

Mr Laing emphasised the
importance of “translating”
the language of securities for
the benefit of local investors.

This, he said, will help
them understand the func-
tion of raising funds through
public offerings and buying
and selling investments that
are already issued — includ-
ing stocks, bonds, mutual
funds, mortgages and bills.

Mr Laing said when

\'Bahamians understand the

way money works, individ-
uals and the government can
successfully manage their
business and _- balance
accountability and responsi-
bility.

He pointed out that legis-
lation can then be passed to
help Bahamians steer the
country's capital markets.

Mr Laing was the guest
speaker at a lunch held by
the Bahamas Association of
Securities Dealers (BASD).

The event was held yes-
terday the British Colonial
Hilton to promote Bahamas
investment products and
opportunities.

Mr Laing encouraged
BASD members to help
establish the securities indus-

e try by guiding legislators and

regulators in the develop-
ment of banking and invest-
ment legislation beneficial

_ to the economy.

Mr Laing said daily trans-
actions among ‘commercial
and offshore banks, insur-
ance companies, real estate
companies as well as local

and international investment
brokers and dealers, shape the
economic lives of Bahamians as
well as affect the nation's bor-
rowing habits and investment
culture.

He added that mergers and
acquisitions, purchase of gov-
ernment-issued bonds and the
privatisation of public corpora-
tions all play a significant role in
building equity in the Bahamas
International Securities
Exchange (BISN) and strength-
ening the value of the Bahami-
an dollar.

MAIN SECTION

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“Dr Gruber resigned from
the Bahamas National Trust
after many years of selfless ser-
vice in protest at what Mr Capo
is being allowed to do at Bimini.
Since then Dr Gruber, as the
world authority on the region,
has offered scientific advice on
the damage to the environment

that this mega-resort will bring.

“In contrast, Mr Capo has
refused to release details of the
Environmental Impact Assess-
ment, Hilton Hotels have
refused any detailed communi
cation and Mr Capo is now
threatening to sue individuals
to silence criticisms.”

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PAGE 4, THURSDAY, SEPTEMBER 20, 2007

THE TRIBUNE



EDITORIAL/LETTERS TO THE EDITOR



The Tribune Limited

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

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

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

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

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

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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

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



Confusion about police on campus

THERE IS MUCH confusion about police
officers on school campuses.

Although both The Tribune and Guardian
had headlines announcing that the police
were to be put back in the schools, the articles
under those headings made it clear that the
officers referred to were security personnel —
not uniformed Royal Bahamas Police Force
officers.

The confusion has been caused by the
manner in which the PLP handled the school
policing programme.

The programme under the PLP was dou-
bled-tiered: A regular RBPF officer was on
the top tier, supplemented below by what
was referred to as auxiliary police consta-
bles. There were 33 of these auxiliaries. They,
with the RBPF officers, were stationed on
14 public school campuses.

These so-called auxiliary constables were
not policemen — and this is where the con-
fusion comes in. They were civilians, dressed
up in a uniform that made them look offi-
cial. They only had an ‘abbreviated course
with the regular police. The other problem
was that auxiliary police constables are not
recognised in law. To rectify this the PLP
government passed the Police Services Act,
but somewhere along the line they lost focus
and the legislation was never enacted. So
there is still no such creature in our law as an
auxiliary police constable. °

Added to which, some of these so-called
officers had certain strikes against them that
made it impossible for them to join the ranks
of the regular police force. Others were phys-
ically unfit for service. Of the 32 only seven
could qualify to enter the force to be trained
as district constables. These have now joined
the RBPF and are in training. Twenty-two
persons spent the summer training to be
school security officers. These are the ones
who were returned’ to the campuses when
schools opened — not the regular RBPF offi-
cer.

Education Minister Carl Bethel has said
that as a matter of policy and conviction his

‘government is opposed to uniformed police-
men on school grounds: He says he has the
backing of a large number of Bahamians,
members of the police force and the technical
personnel in his own ministry, that this would
be sending the wrong message to students.
There is a handful of troublesome students on
these campuses, but with the new “zero tol-
erance” programme they will soon be out —

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transferred to either the SURE programme at
Gladstone Road, or the YEAST programme
on Andros. And they will not be released
until they are. transformed into decent citi-
zens.

As for the parent who goes to the school
campus to fight with a teacher, under the
“zero tolerance” policy they will probably
find themselves cooling their heels in a police
cell, and frantically dialing for their lawyer.

In other words, schools from now on will
be for those who want to learn. These stu-
dents don’t need police supervision. The oth-
ers who do need that supervision will be, in
one way or the other, in the hands of the law.

On Monday, Minister Bethel started his
school visiting programme to get to know
the students, and to try to motivate them to
abandon gangs, and school yard brawls for
their studies.

Mr Bethel recognises that he is dealing
with students who have enormous problems.
They come to school worn down by the chal-
lenges of a dysfunctional home, depressed
neighbourhoods and brawling streets. Most of
them want to improve themselves.

And so on Monday, he visited the 12th
graders of CB Bethel and Doris Johnson
Senior High Schools — the two highest per-
forming schools in the public school system.

He asked the students about their educa-
tional concerns. He was surprised when not
one of them mentioned school violence. They
wanted to know about such things as schol-
arships to further their education, and trade
schools for those not academically inclined.

At CB Bethel they wanted a gym and their
sporting facilities enhanced, and they wanted
musical instruments to expand their musical
programme.

They were told about the technical assis-
tance that will be coming from a Broward
community college to expand and improve
the Bahamas Training and Vocational Insti-
tute’s programmes, and the extra million dol-
lars set aside for COB to assist students who
are unable to pay college fees.

These students, said Mr Bethel, have to be
made full partners, they have to have an
incentive to achieve knowing that in the end
there will be a valuable return for their efforts.

Mr Bethel was encouraged by the stu-
dents’ enthusiasm. This is just the beginning.
It is going to take dedicated effort by society
to help these young people find a decent
place in a hard world.





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Helicopters.
needed to_
ackle crime

EDITOR, The Tribune

PLEASE permit me space in
your newspaper on “The use af
helicopters could be a most
invaluable asset of the police
force and the nation.”

The escalation of crime in our
nation is most evident. A simple
term to depict the consistent
atrocities by these criminals is
that they are a menace to soci-
ety.

‘To allude to this surge of
demonic-action by persons
whose objectives are to destroy
this nation, we as a people are
to vehemently make every
etfort to counter their zest for
evil dividends. In the past this
subject relative to the use of
helicopters was addressed in the
newspaper. To date there aren't
any definitive outcries or sug-
gestions by others. In essence
the average sound thinking indi-
vidual should regard this ideol-
ogy as beneficial to any country.

For example: The following
facets upon perusal could be
advantageous:

e The vertical soaring of a
helicopter, horizontally, diago-
nally, etc, should impair and dis-
courage criminals’ sinister inten-
tions,

e An influx of illegal immi-
grants and other marine infrac-
tions.could be reduced. There-
fore surveillance by helicopter

cops would make a difference. -

¢ Helicopter air patrol would
tremendously augment ground
patrol cars, thus alleviating cum-
bersome traffic hazards.

e In the event of crimes such
as armed robberies, arson, rape,

LETTERS

Til Ore mena lave lre maior



drug trafficking, burglaries, etc,
helicopter cops would be capa-
ble of monitoring culprits’
movements, thus intercepting
their sinister propensities. It
may be recalled that the police’s
main functions are the preven-
tion, detection of crime, preser-
vation of the peace, protection
of life and property.

Depending upon the location
in which the crimes are com-
mitted, sufficient force as a pre-
caution may be exercised, for
example, sickening gas, tear gas
or others pertinent method
should be utilised as a means
to subdue the offender/s. Con-
sideration could be given to
innocent people as an anticipa-
tion, because one does not want
innocent and curious individuals
jeopardized.

e Consistent assistance of a
helicopter would facilitate/foster
conservation, surveillance of
human activities from the air,
may they be criminal or other-
wise.

Please endeavour to recall the
murder of Chief Inspector Moss
a few years ago; with assistance
of a USA helicopter accompa-
nied by police officers of the
force, the suspect was appre-
hended somewhere in the bush-
es at Long Island.

With regards to this topic,
there are many ramifications
that would require planning and
concentration. This requirement

PLP fooled straw vendors

EDITOR, The Tribune

WATCHING the demonstra-
tion by the straw vendors at a
recent sitting of the House of
Assembly proves just how hypo-
critical the PLP really is. The
whole picture became so clear
that a blind man with half of a
brain could see that the PLP
aren’t comfortable with the truth.

The Straw Market fire hap-
pened just before the end the
FNM’s last time in office. The
then sensitive Prime Minister
Hubert Ingraham immediately
brought relief to the vendors by
helping them with monetar\
assistance. The vendors, who
would not allow themselves to
be used, must admit that this
was the last time any govern-
ment paid them any kind of
attention.

Since then, the PLP promised
that the market would be built.
The market had many dates set

















auto






\4

‘by none-other than “Big Bad

Brad”. Many press conferences
were called to keep the hopes of
the vendors high, expecting that
the PLP would soon surprise
them with a new market.

But while the emotions of the
vendors went on a roller coast-
er ride of on-again off-again,
the PLP played politics. Right
up to days before the election
the PLP moved heavy equip-
ment, obviously pretending that
work was beginning. But the
vendors knew that this was an
election trick, and they would
not have any of that.

There are some “die-hard”
PLP in the market, who would
stare you deep in your eye hole
and say that the PLP was gen-
uine in their efforts, but only a
totally dishonest person would
continue with this charade. All
Bahamians know full well that
the PLP had five years to build
the market, but obviously never
intended to do so, it seems they
thought very little of the vendors.

Instead it appears they
planned a new business venture
where probably the chosen tew
could house their jewellery
stores, restaurants and night-

Paint Professionals Trust

is long overdue. Hopefully I am
not a long ranger, hypothetical-
ly speaking. It is. anticipated that
implementation of this matter
would definitely require train-
ing, cost. etc.

In the Guardian newspaper,
dated Saturday, July 28, 2007,
there is a conspicuous picture
of a police helicopter which is
scheduled to arrive in Septem-
ber for the Cayman islands.
Surely this should have been a
reality for the Bahamas Police
Force.

I have read recently that two
aeroplanes and four boats are to
be got for the Defence Force.
There were allusions by a few
persons, that is verbally that two
helicopters are also included for
the Police Force. Perhaps this is
wishful thinking. Personally, I
would like to read in the not
too distant future a definite
statement in reference to this
subject.

There is a segment of persons
who one might term as a nucle-
us of the powers that be.
Metaphorically speaking such
nucleus could be the catalyst
which in essence could bring
this matter to fruition. Unequiv-
ocally helicopter/s would be
most invaluable for this archi-
pelago unique paradise of ours.

Very cordially, upon con-
summation of this necessity, this
country of ours could be cops
titled as “ZEPHYR/Isle of
June.” ;

CARDINAL
HUTCHINSON
Nassau

August 7 2007

for five years

- clubs, built by the government.

The few vendors who would
have been allowed, was only a
drop in the bucket.

Only one PLP was able to
confess that greed prevented
the market from being built.
This same former MP who was
a key player in the Christie gov-
ernment admitted that some-
thing strange was afoot and that
Bahamian taxpayers may have
been hoodwinked into spend-
ing $23m rather than $10m.

It seems plain to me that the
PLP used the straw vendors to
gain an advantage for them-
selves that is if the former min-
ister was accurate in his assess-
ment of the events. Bahamians
are now free to arrive at the
conclusion that there probably
would never have been a straw
market had the PLP won. It
would seem that the vendors
were only pawns in a greater
scheme of things.

I am still totally unafraid,
except for the fear of Jesus
Christ only.

IVOINE W INGRAHAM
Nassau
September 2007

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Prince Charles Drive
THE TRIBUNE







Bahamas in
sustainable
development
conference

A FOUR-MEMBER Bahami-
an delegation will participate in
the 53rd Commonwealth Par-
liamentary Conference in India.

The conference will be held
from September 21 to 30 in
New Delhi, where issues under
the theme: “Delivering democ-
racy and sustainable develop-
ment” are slated to be dis-
cussed.

The conference is being held
by the Commonwealth Parlia-
mentary Association (CPA) —
which consists of national and
provincial administrations of
Commonwealth countries
which, according to the CPA,
share the association’s mission
to promote knowledge and
understanding about parlia-
mentary democracy and respect
for the rule of law and individ-
ual rights and freedoms.

Minister of State for Public
Utilities Phenton Neymour,
Senator Forbes Smith, opposi-
tion MP Picewell Forbes and
executive officer of the House
of Assembly David Forbes will
make up the Bahamas’ delega-
tion to New Delhi.

Topics slated for discussion
include:

e Climate change and global
warming: policy issues and solu-
tion

¢ Global water and energy
use — towards sustainable devel-
opment

e Balancing economic devel-
opment and environmental pro-
tection

e Parliamentary practice and
procedure: need for reforms to
secure greater executive
accountability

e The role, rights and respon-
sibilities of the opposition.

e Strengthening financial
scrutiny

This year’s conference will
also feature a special plenary
session for female parliamen-
tarians.

The role of parliamentarians
in raising awareness of and
curbing human trafficking;
strategies for enforcing greater
accountability of parliaments to
the people; and benchmarks for
democratic legislatures are also
items slated for discussion at
the conference.

Small member states are
expected to discuss matters
including the regulation of
immigration and human traf-
ficking and protecting the envi-
ronment to ensure sustainable
development.

Pe oeereecerecccescessesesesccccs

INSIGHT

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to Attorney General




over dismissal case

A COUPLE whose five-
year fight for justice has high-
lighted massive deficiencies in
the Bahamas court system are
to appeal directly to the Attor-
ney General, Claire Hepburn,
so they can move forward with
their case.

Greg and Tanya Cash claim
they are now being blocked in
their attempt to take their case
to the Privy Council by local
court officials who refuse to
notarise affidavits needed for
future hearings.

“We are now planning to
appeal directly to the Attor-
ney General in the hope of get-
ting these obstacles removed,”
Mr Cash told The Tribune yes-
terday.

“There is no reason at all
why these documents should
not be notarised. We need
them as we move forward to
the Privy Council hearing.”

Mr and Mrs Cash, who
claim to have suffered hard-
ship during their long fight
against the Baptist education
authorities, claim the Privy
Council is their only hope of
getting justice.

They allege that the Baptists
have capitalised on their high-
ranking political connections
to block the judicial process.

“However, we are going to
fight to the end and we know
that God is on our side,” Mrs
Cash said. “We are getting a
lot of support from other
Bahamians whose cases have
been tied up in the courts for
years.”

Mr and Mrs Cash have vari-

Couple claim they are being.
blocked from taking their
fight to Privy Council

GREG AND Tanya Cash

ous issues before the courts,
all stemming from Mr Cash’s
dismissal as coach from Jor-
dan Prince William High
School in 2002.

Apart from a claim for
unfair dismissal, the couple are
alleging defamation and
breach of constitutional rights,
among other things.

Foreyears, they have main-
tained that court officials have
been obstructive. But they
refuse to back down.

Although Justice John

Sunday, Sept. 23rd at 6:30pm
Calvary Bible Church ¢ 62 Collins Ave.





Lyons awarded Mr Cash
$26,000 earlier this year, the
couple have dismissed the sum
as “derisory” and claim it in
no way reflects the judge’s
statements in court.

“We want to go to the Privy
Council sq that everything per-
taining to this case can come
out into the open,” said Mrs
Cash.

“We feel we are not just
fighting for ourselves, but for
all Bahamians who have issues
betore the courts.”












L4H






THURSDAY, SEPTEMBER 20, 2007, PAGE 5



Will Be Closed On
Monday September 24, 2007




For Inventory




We Will Re-Open On
Tuesday September 25, 2007




We Apologize For Any
Inconvenience This May Cause.



GIFT & BRIDAL REGISTR
Harbour Bay Shopping Centre’ *
Ph: 393-4440 or 393-4448. 5



N

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Tel 322-1103
Mon-Fri



; ne) ai BE FOOLED BY OTHER BRANDS THAT CLAIM TO BE

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PGT WINGUARD WINDOWS & DOORS ARE TESTED & PROVEN!
THEY Behl NPA Bela Lh leeds NO SHUTTERS OR PLYWOOD NECESSARY!
PAGE 6, THURSDAY, SEPTEMBER 20, 2007



THE TRIBUNE



RAMESH ek 0 NC a es ae
Foundation plans for

‘degree in every home’

ORALEE’S FASHIONS

is having a

SIDEWALK SALE

This Saturday

Mackey Street « Telephone: 393-0744
Monday - Saturday 9:00am - 5:30pm




A NEW charitable foundation
is aiming, for tertiary education
to become available to all.

PUBLIC AUCTION

FRIDAY - SEPTEMBER 21st, 2007
By Order of
The Commissioner of Police
Commonwealth of The Bahamas

I. G. STUBBS WILL SELL

(A) Brand new Blue Dodge Durango - Year: 2007
4 Door SLT Wagon
Current License Plate #41983 - Grand Bahama

(B) 2 - “His and Her” Rolex Watches - (Certified)
To be Sold Individually or as a Pair

LOCATION: Police Training College Grounds
Or mal
Nassau, Bahamas

12:00 Noon - Friday - September 21st, 2007
Preview and Inspection from 11:00 a.m.
Until Auction time at the site.



Time:

All items subject to a reserve price, and the right of the Auctioneer
or any person on his behalf to bid up to that price.

*All items Sold Where Is As Is for Cash, Cashier’s Check
or current Bank Guarantee Letter. No purchase(s) will
be released until paid for in full. Where a deposit is
required, the same is non refundable.

Terms

Any and all Notices or amendments by Auctioneer on said Auction
Day whether written or verbal shall supercede this or any subsequent
advertisement.

For further information contact I.G. Stubbs at 322-2028 or
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The Chance Foundation,
headed by chairwoman Debi
Williams Hancock, prides itself
on being different.

“First of all it is aimed at the
persons who tend to be over-
looked by society and who have
little hope for success without
it,” Mrs Hancock said.

“These persons make up a
group or sub-culture of at-risk
youth, those who lack the
opportunities of their privileged
counterparts, and who are fast
becoming at generation of
angry young people fuelled with
a deep sense of social injustice.”

She said that the Chance
Foundation, by providing ter-
tiary-level education opportu-
nities combined with mentor-
ing and socialisation pro-
grammes, offers these youths a
chance, “not only to succeed,
but to excel”.

She said the foundation is
firmly committed to put “every
dollar donated” toward its pro-
grammes.

“Our personnel are all volun-
teers so there are no salaries to
be paid, our office space and
technology have been donated,
and our carefully managed,
nominal expenses are borne by
us personally or by committed
supporters who specifically
request that their pledges be
used in running the foundation.”

“Beyond providing the oppor-
tunity for a solid education, the
foundation takes a long-term
holistic interest in the student,
through mentoring and sociali-
sation programmes, with men-
tors actively participating in the
student-school relationship,
while engaging active parental

involvement. The programme |

includes internships and appren-
ticeships with community part-
ners to assist with our goal, ie
guaranteeing a good job to every
student upon successful comple-
tion of tertiary-level education.”

Mrs Hancock also explained



.
ALLYSON MAYNARD Gibson is
one of the foundation’s directors

that the foundation supports the
“Barbados model” which seeks
to put a degree in every house-
hold, and aspires to be a major
force for making that happen
in the Bahamas.

This she said, is “radical but
necessary”. -

The new organisation is cur-
rently in the process of part-
nering with private secondary
and tertiary level education
organisations abroad to accept
students.

Some students will enter the
programme early in order to
prepare, socially and otherwise,
for a college or university edu-
cation abroad.

A Canadian secondary
school, Niagara Christian Col-
legiate, was the first to offer to
partner with the foundation to
provide educational and social-
isation opportunities for some
of its younger students, and to
assist with their transition to

university.

“Our first student, 15-year-
old Michael Farrington of
Mason's Addition, has success-
fully attended Niagara Christ-
ian Collegiate for the past two
years and will be entering a

. third year in September.

“The idea is to engage schol-
arship opportunities from our
university partners so that the
foundation can focus its
resources on travel and living
expenses for the students. Any
shortfall in scholarships will be
met by the foundation,” Mrs
Hancock said.

“Essentially, applications will
only be considered on behalf of
at-risk youths who, due to
financial constraints, cannot
otherwise access tertiary-level
opportunities.

“A minimum 2.0 GPA or
equivalent is required, and there
are a host of personal commit-
ments which each student must
undertake by written covenant,
including commitments against
substance abuse and violent
behaviour,” Mrs Hancock said.

Students will also be encour-
aged to give thought to how they
can use their educational experi-
ence to assist their local commu-
nities and to encourage others
to strive for self-improvement.

The board of directors of the
Chance Foundation is chaired
by Mrs Hancock and includes
Dr Davidson Hepburn, Sena-
tor Allyson Maynard-Gibson,
Michele Fields, Tom Duff,
Helen Bartlett-Hanna, and
Felix Stubbs.

The foundation’s website,
www.chancebahamas.org, con-
tains further information and
application forms.

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THE TRIBUNE

THURSDAY, SEPTEMBER 20, 2007, PAGE 7





PM wants end to
recall of medical

PRIME Minister
Hubert Ingraham told
the Department of
Public Health that he
wants to end the prac-
tice of recalling doc-
tors and nurses from
the Family Islands
during a hurricane.

He said that the
policy has to change
in order to meet the
needs of residents in
the event of an injury
during a storm.

“IT want to make
sure that policy is dis-
continued without
any further delay,”
Mr Ingraham said. “They ought
to live there like everybody else
in the community.” ,

Mr Ingraham was speaking

’ yesterday at a meeting between
the Cabinet and the National
Emergency Management
Agency (NEMA), where he
pledged the new government's
support for NEMA’s efforts.

The session, co-ordinated by
NEMA and held in the conter-
ence room of the Royal
Bahamas Police Force Head-
quarters in East Street, focused
on the country's readiness in
the event of a disaster.

With the 2007 Atlantic Hur-
ricane Season in its fourth
month — September being one
of the busiest months for storms
— NEMA felt it necessary to
brief the new government on
the country's state of readiness.

Representatives from several
government agencies, including
the utility companies, the Public
Hospitals Authority, the Depart-
ment of Meteorology, Civil Avi-
ation, the Broadcasting Corpora-
tion and the prison, all discussed
the challenges they face during
and immediately after a storm.

“T want to thank NEMA for
an enlightening forum, and to
the extent to which we have to,
we will be responsive to those
issues immediately,” the prime

PRIME MINIST:







minister said.

Cabinet ministers expressed
concern about fuel and water
supply, electricity and telephone
reconnections, shelter manage-
ment and other challenges.

Mr Ingraham said he was
worried about the insufficient
water supply on many Family
Islands following a hurricane,
the problem being the lack of
back-up generators.

A representative trom the
Water and Sewerage Corpora-
tion said in recent times, the cor-
poration has made aggressive

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ER Hubert Ingraham speaks at a meeting
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attempt to provide
more generators.

The prime minister
asked for a detailed
written report from
the corporation on its
supply system pro-
gramme for each
Family Island. He
also asked BEC for
details on its tree-
trimming pro-
gramme. ©

He advised BEC
to set up a system
like Jamaica, which
shut down electrici-
ty prior to a hurri-
cane, to avoid mas-
sive and extensive power out-
ages during a storm.

BEC general manager Kevin
Basden said that this was done
in some areas during the last
hurricane, and proved effective
at minimising damage.

He added that this policy
would continue on a wider scale.

Mr Ingraham said he was
impressed that with modern
technology, the police were able
to connect yesterday's meeting
with Grand Bahama, Abaco,
Eleuthera, Exuma and Inagua,
and get reports.



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THE TRIBUNE



2
Crown seeking

death penalty for
Tan Hutchinson for the
murder of softball star

FROM page one

court date and that it was something that half of
America had been waiting for.

The inquest was.put on hold just days alter it
began in April this year when Howard K Stern,
the lawyer-turned-partner of the former Playboy
called the constitutionality of the
Coroner’s Court into question.

Playmate,

Stern’s lawyers filed a

Supreme Court questioning the lack of provi-

sions in the Coroner’s Act
impartial jury.
However, Supreme Court

Justice John Lyons

Daniel Smith

last month ruled that the inquest can yo ahead,

Justice Lyons suggested that the jury be
sclected from as wide a representative base as
possible

He noted that the main issue was that there
must be a fair hearing and that responstbility lies
ultimately with the coroner presiding over the
case.

Daniel died on September 10, 2006, of a drug

_ cocktail while visiting his mother in Doctors

Hospital — just three days after the celebrity
had given birth to daughter Dannielynn

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FROM page one

shouted: “Murderer, murderer.” Hutchinson
appeared unmoved and smiled as he was taken
away.

Cyprianna Armbrister, sister of the deceased,
told The Tribune that she was pleased with yes-
terday’s verdict and that Hutchinson should
receive the death penalty.

“I feel that justice has been served. One life tak-
en wouldn't bring back another but at least you
know that justice is served and people wouldn't
teel like they could just take a life and move on
with their life. | believe in the death penalty,”
she said.

Jackell Moxey, the eldest daughter of Jackie
Moxey. told The Tribune that the ruling had
brought closure to the family, who are now
able to move on knowing that justice has been
served.

“Honestly, God has answered my family’s
prayers. It’s been a while but our family made it
through. My mother can rest in peace now. We
fought the battle that she couldn’t fight for her-
self,” Moxey said tearfully.

“I agree with the death penalty because this
isn’t his first time and I don’t doubt if they let him
out this would be his last,” she said.

During the nearly three-week trial, jurors
heard evidence from 17 witnesses and were also
taken to the alleged crime scene at Clifton Pier.

Hutchinson, 46, was represented by attorney

Murrio Ducille along with Tamara Taylor. Rep-
resenting the Crown were Deputy Director of
Public Prosecutions Cheryl Grant-Bethel, Olivia
Nixon and Eucal Bonamy.

During his summation, Justice Jon Isaacs
reminded the jury that they were the sole judges
of the facts of the case. He told them that it was
the Crown who had brought Hutchinson to stand
trial and it was the Crown who had the burden to
prove his guilt through the evidence of their wit-
nesses. He reminded the jury that when deliber-
ating on the facts they should be objective and dis-
passionate.

It was the Crown’s case that Hutchinson had
intentionally caused Moxey’s death between
October 25 and 26, 2005.

Prosecutors claimed that Hutchinson had lured
his late girlfriend from her job at Bahamas Infor-
mation Services (BIS) on October 25, 2005, took
her on a drive and then led her to a beach in the
Clifton Pier area where he beat her to death. .

Jealousy was the motive for the killing, accord-
ing to prosecutors, who noted that Hutchinson
was obsessed with Moxey and incensed over alle-
gations of her infidelity.

Pathologist Dr Govinda Raju said that Jackie
Moxey, 44, had died as result of extensive hem-
orrhaging from the brain, which adversely affect-
ed the rest of her internal organs.

Dr Raju testified that Moxey had suffered a
contusion in both temple areas, hemorrhaging
all over the brain, and a hairline fracture in the
mid-cranial area.

Number of security

ouards to be increased
at RM Bailey Senior High

FROM page one

meeting this morning.
A source at the school told

The Tribune that a group of

students allegedly surround-
ed and pummelled a biology
teacher on campus last week.

Following this incident, R
M Bailey teachers yesterday
met with Minister of Educa-
tion Carl Bethel to discuss
increased security at the
Robinson Road school.

Ida Poitier-Turnquest, pres-



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Teachers, said staff and the
Ministry Education had
agreed on having six security
guards for now and two addi-
tional ones soon as they are
able to secure them.

Mrs Poitier-Turnquest said
R M Bailey teachers will meet
today at 8.30am to decide if
they will resume classes.

However, the BUT presi-
dent could not say on which
issues such a decision will
hinge.

Education Minister Bethel



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At the meeting yesterday,
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government’s policy to not .
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Mr Bethel said he felt the
meeting went well.

The minister is now inviting
the teachers to act responsi-
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students.




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THE TRIBUNE



NT mee ene
Religious tourism ‘untapped

resource for the Bahamas’

RELIGIOUS tourism con-
tinucs to be an untapped
resource for the Bahamas
according to Bishop Neil
Ellis

The former PLP government
made a concerted effort to
expand this areca during their
five vears tn office.

The head preacher of Mount
Tabor Full Gospel Baptist
Church announced that with the
potential benefits in mind, he
has decided to host one of his
popular Walking in Victory
conferences in the Bahamas for
the first time.

Bishop Ellis said the event
will take place on Tuesday, Sep-
tember 25 through Thursday,
September 27 at the Atlantis
resort on Paradise Island.

To. date, conferences have
been hosted in Greensboro,
North Carolina; Orlando, Flori-
da and Birmingham, Alabama.

Bishop Ellis said that while
the initial intention was to con-
tinue hosting the conference in
the United States, “we discov-
ered a consistently growing
number of delegates indicating
a desire to attend.a Walking In
Victory Conference here in the
Bahamas”.

“Prior. to now however, we
were not able to respond to this
request as our usual set up
requires seating tor at least
3,500 delegates and there are
no conference facilities on the
island that can accommodate
those kinds of numbers.

“This vear however, in
response to requests from our
delegates, we transitioned our
format, this time to smaller and
more intimate gatherings. We
therefore decided to host three
smaller conferences, and in
doing sa, we are now able to

- host a Walking In Victory Con-
ference here in our beautiful
country,” he said. ;

Bishop Ellis noted that the
conference has evolved into one
of the most renowned and high-
ly anticipated religious confer-
ences in America.

“This is particularly note-
worthy since it is the only con-
ference of its kind conducted in
the United States of America,
but hosted by Bahamians.

“As conference host, this
dynamic has always been upper-
most in my mind jor many rea-
sons. First.ot all. it represents
what I believe is a religious role

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Bishop Ellis added that he
has always endeavored to take
advantage of the opportunity
that the conference affords as
a religious tourism markeung
tool.

“Tam thoroughly convinced
of the fact that white my man-
date for this particular confer-
ence is an international one, the
coupling of my commitment to
this country and my belief that
religious tourism is an incredi-
ble untapped source for our
nations number one industry.
would have inevitably led me
to hosting at least one of the
Walking In Victory Confer-
ences here in the Bahamas, and
today we announce the realisa-
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PAGE 10, THURSDAY, SEPTEMBER 20, 2007

LOCAL NEWS

THE TRIBUNE



Freeport News managing editor making
complaint to police over libellous e-mail

FROM page one

caecusation withheld).”

Mr Brown denied the accu-
cations made against him, even
soing into details surrounding
tread accident he, along with
riends and relatives, got into
1 a mountainside in Jamaica.

Five of us were in the car.
We were driving up into the








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mountains. We stopped on the
side of the mountain to allow
another car to pass — a bus actu-
ally,” Mr Brown said.

“After the bus passed, we
pulled off and the car skidded
on some leaves, and went on
the side of the mountain, but it
was stopped by some big trees.

“Probably, if the trees weren’t
there, the car might have gone

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down,” he said.
“But we all got out of the car,

and there was no question of

leaving or anything else. I actu-
ally paid more than $12,000 in
Jamaican money for some
Jamaicans to assist us in retriev-
ing the car,” he added.

After the incident, which
occurred last New Year’s Eve,
Mr Brown said he and his party
went out to dinner and had a
“happy time” before returning
to Nassau.

“No-one left anybody or any-
thing like that,” Mr Brown
emphasised.

“Whoever wrote that let‘er. I
do not know where they got
their information trom, oui t
see the hands of (uame 5
son withheld) behind it,’
said,

Mr Brown thinks the letter is
part of an orchestrated attack
on him by a prominent PLP
member,

“I’m going to turn the e-mail

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over to the police, and request a
formal police investigation into
whether or not they can deter-
mine the source of the e-mail,”
he said.

his character.

One e-mail sent by
media@progressiveliberalpar-
ty.com, refers to Mr Brown as
“biased” and “lopsided” along
with other terms The Tribune

website stoops to the level of
bahamasuncensored.com and
attacks me personally the way
they did, that’s unacceptable.”

‘He said he was going to








7.
US

Saas



“There has to be something
criminally wrong with that,” Mr
Brown said of the circulation of
such a document.

Mr Brown also took issue
with information posted on the
PLP’s official website about him
—~ and being sent via
e-matl under the partys
banner — attempting to defame

cannot publish, alluding to the
same unsubstantiated criminal
behaviour mentioned in the
more explosive e-mail sent to
local newsrooms.

“Anything that is said on
bahamasuncensored.com, we
know who is doing that,’
said. “When the PLP’s official

demand an apology from Oppo-
sition leader Perry Christie in
his column today.

“This only serves to further
demonstrate that Perry Christie
has lost control of the Progres-
sive Liberal Party,” he said. “He
has abandoned the leadership
and turned it over to some scur-
tilous people.”

> he



Gay TV channel ‘would
show homosexuals are

FROM page one

and venom at the suggestion of a gay TV
station.

Homosexuality is “unhealthy,”
said. Cable Bahamas should not be
to gays”, she added.

“No gay ting on this airwaves at all,” anoth-
er caller said. “If you want to be gay, do that
in the privacy of your home. That’s your
thing you gat ta deal with God with,” she
said. “This is not the United States,” the
caller emphasised.

A male caller urged a boycott of Cable
Bahamas if such a channel is allowed, declar-
ing that homosexuals are on the verge of
taking over.

Caller after caller declared publicly that
the Bahamas is a ‘Christian nation and a
gay TV channel such as LOGO should not be
allowed.

Ms Greene said these comments “are just
indicative of the hysteria and homophobia
prevalent in the country.”

“A lot of people miss the point entirely
about the request for programming of that
nature. They went straight back to the ques-
tion of is this (homosexuality) correct or
not,” she said. “In a democratic society all of
its citizens have the right to participate equal-
ly in the development of their country.”

Allowing a channel like LOGO on the
local Cable system, Ms Greene told The Tri-
bune, “will allow gay people to access infor-
mation that is relevant to their lives.”

Not allowing such a channel, Ms Greene
said, will send a message to gay people that
“they are not allowed to participate in their

one caller
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a} normal human beings’

own country.”

Channels with wide-ranging representa-
tions of homosexuals such as LOGO would
help Bahamians to realise that gay people
are normal, Ms Greene said, emphasising
that gay people, just as others, strive for hap-
piness, community and stability for them-
selves and their families.

“It would allow young gay people access to
information about people like them, so that
they, too, can proceed into healthy develop-
ment, as opposed to only having access to
the most outrageous and extreme images of
gay people,” Ms Greene said.

She said the station could be a premium
station — which individuals would have to
request and pay extra for — or it could be a
pay-per-view station, rather than being on
basic cable.

LOGO has a website -
www.logoonline.com — which displays the
same-sex orientated programmes offered,
including gay related news, comedy specials
and documentaries.

The local cable system currently offers 11
pornography channels, more than ten for
sports, and numerous dedicated to religious
programmes. With this diversity, one for gays
may be on the way.

Ms Greene pledged to follow up with
Cable Bahamas to agitate for LOGO’s inclu-
sion in the local system.

Dr Keith Wisdom, director of public affairs
for the company, said the programming
department had received one request for the
channel, adding they would evaluate the
channel as they are currently considering
next year’s line-up.

Officials confirm
meteorite struck Peru
hut question whether
it sickened people

@ LIMA, Peru

A FIERY meteorite crashed into
southern Peru over the weekend,
experts confirmed on Wednesday.
But they were still puzzling over
claims that it gave off fumes that
sickened 200 people, according to
Associated Press.

Local residents told reporters
that a fiery ball fell from the sky
and smashed into the desolate
Andean plain near the Bolivian
border Saturday morning.

Jose Mechare, a scientist with
Peru’s Geological, Mining and Met-
allurgical Institute, said a geologist
had confirmed that it was a “rocky
meteorite,” based on the fragments
analyzed.

He said water in the meteorite’s
muddy crater boiled for maybe 10
minutes from the heat and could
have given off a vapor that sick-
ened people, and scientists were
taking water samples.

“We are not completely certain
that there was no contamination,”
Mechare said.

Jorge Lopez, director of the
health department in the state
where the meteorite crashed, told
The Associated Press on Tuesday
that 200 people suffered headaches,
nausea and respiratory problems
caused by “toxic” fumes emanat-
ing from the crater, which is some
65 feet wide and 15 feet deep.

But a team of doctors who
reached the isolated site said
Wednesday they found no evidence
the meteorite had sickened people.

Doctors told an Associated Press
Television News cameraman at the
site that they had found no sign of
radioactive contamination among
tamilies living nearby. But they said
they had taken samples of blood,
urine and hair to analyze.

we UA & ae

oS
THE TRIBUNE



A Bahamian journalist has
returned from Malaysia where
he represented the Bahamas
and the western hemisphere at a
training seminar and conterence
on international relations and
diplomacy.

Viraj Perpall a tormer
reporter at The Tribune and
The Nassau Guardian and cur-
rently employed at the College
of the Bahamas, was invited by
the World Assembly of Youth
and the World Youth Congress
secretary general to attend the
eight day executive training pro-
gramme from September 3 to
ihite

The only delegate in atten-

dance from the Caribbean and
the western hemisphere, Mr
Perpall was surrounded by a
host of diplomatic representa-
tives from countries including,
Mozambique, Zimbabwe, Alba-
nia, South Africa, Libya, the
United Arab Emirates, Namib-
ia and the host country.

The World Youth Institute
and Universiti Utara Malaysia
facilitated the course.

Mr Perpall said he was
pleased to learn about a nation
[Malaysia] that has enjoyed
political and economic stabili-
ty for 50 years while also having
the opportunity to meet with
the chief minister and the

Local journalist represents
the Bahamas in Malaysia

govenor of Melaka.

“Both officials seemed very
delighted to have a representa-
tive from the Bahamas in atten-
dance at such a high-end event
and spoke very well of the
Bahamas,” Mr Perpall said.

“I was also very pleased to

be apart of the first intake of

this international relations train-
ing and was very pleased to rep-

resent my nation and this part
of the world.

“From our discussions on
world politics and the way
ahead for nation states politi-
cally and economically, I
realised very soon into the
course the wonderful advantage

the Bahamas has in interna-
tional relations.

“While we may be very
young, our political stability
coupled with our economic
strength and small population
make the Bahamas a very
unique nation in the world and
a nation for the international
community to keep its eyes on,”
Mr Perpall said.

He added that the Bahamas
has a unique political and eco-
nomic landscape that can with
good political leadership and

time, amaze and command -

much respect from the super-
powers of the world — in the
wa that Singapore has done in

THURSDAY, SEPTEMBER 20, 2007, PAGE 11

UNIVERSITI







VIRAJ PERPALL with chief minister of Melaka state Datuk Seri Mohd
Ali Rustam

the eastern hemisphere.

He added that much experi-
ence was brought to the table at
the event as seasoned diplomats
spoke of their views on inter-
national relations and the dif-
ficulties of diplomacy around
the world as the fight against

terrorism continues.

Mr Perpall said he looks FOr -
ward to using the knowledge
and experience gained to assist
in the development of the
Bahamas in making its voice
heard in the international com
munity.

m@ HAVANA

WASHINGTON’S 45-year-
old embargo has cost Cuba
more than US$89 billion to
date, wreaking havoc on every-
thing from primary education
to pest control and nearly all
other facets of island life, the
foreign minister said Tuesday,
according to Associated Press.

Havana produced a 56-page
vooklet laying out its latest
argument against the embargo
ahead of next month’s meeting
in New York of the UN Gener-
al Assembly, which has voted
15 years in a row to urge the
United States to lift trade sanc-
tions against Cuba.

Foreign Minister Felipe Perez
Roque said the US policy
caused US$3 billion in losses
over the past year alone to the
economy of Cuba — which had a
2006 GDP estimated at US$40
billion, according to the CIA
World Factbook.

The embargo “has reached
levels of schizophrenia and
made the last year notable for
the ferocious and cruel way the
blockade has been applied,”
Perez Roque told a news con-
ference. Washington, he said, is
bent on “persecuting Cuban
interests and attempting to beat

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our people into submission with
hunger and disease.’

Cuban officials came up with
the US$89 billion price tag by
adding estimated extra costs
spent over the decades to buy
from third countries many
goods that would have been
cheaper in the United States.
The figure also includes lost
income, including additional
tourism from the United States.

Purpose

The full trade embargo took
effect February 7, 1962, under
President John F Kennedy,
blocking all trade with Cuba
except for non-subsidised sale
of food and medicine. Its aim
was — and still is — to,financially
strangle Fidel Castro’s govern-
ment and force a change in the
communist-run island’s system.

US Commerce Secretary Car-
los Gutierrez on Monday called
the embargo a success and said
the sanctions are designed to
punish Havana, not hurt the
island’s people.

But many members of US
Congress and other American
officials. say the embargo has
failed and have called for partial
or full elimination of the sane-

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CUBA’S FOREIGN Minister Felipe Perez Roque, shows a copy of Cuba's annual report on the effects of the
U.S. trade embargo to the island, during a press conference in Havana on Tuesday

tions.

US presidential hopetul
Christopher Dodd vows to
scrap the embargo if elected,
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Obama would reduce restric-
tions on Americans wanting to

visit family members in Cuba.

Perez Roque said most US
proposals do not go tar enough,

and “the blockade should be
lifted immediately and uncon-
ditionally.”

Havana’s report said US

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89 billion

the embargo prevent it from
purchasing current medical
technologies, pesticides and
even materials for blind chil
dren because Braille producis
are produced primarily in ihe
United States.

Internet access on the island
is also severely limited and
expensive, because Cuba must
rely on satellites instead of tap-
ping into one of eight major
fibre-optic cables that run
underwater near the island but
are linked to US interests.

Even Cuba’s dilapidated pub-
lic transportation system fccls
the pinch. Transportation off1-
cial Gladys Fernandez, who pre-
sented testimony along with
other officials during the hours-
long ceremony Tuesday. said
Havana’s decades-old bus sys
tem would be able to handle 20
million more passengers a yeal
if it were allowed to import US-
made vehicles and parts

Perez Roque said 85.000
Americans of Cuban origin vis-
ited Cuba in 2003 but that num-
ber dropped to 37,000 last year
— after the US government
tightened travel restrictions in
2004. He said 59,000 other US
visitors flouted the embargo and
visited last year, down from
115,000 in 2003.





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THE TRIBUNE

(aS ATT ane Ai 8/8
Parents protest officers’

removal from campuses

FROM page one

live in today and I’m saying
that the reality is that on our
school campuses we have very
undisciplined children,” he
said.

Mr Moss said he fears if
police officers are not returned
to the schools government will
soon have to station soldiers
on the campuses.

“That’s what is happening
now in Jamaica, we want to
prevent what has happened
there (from happening) here,
that’s why we’re demonstrat-
ing,” he said.

Mr Moss said he believed
“ideological folly” is prevent-
ing government from doing the
right thing in this case.

“I believe this country is split
down the line politically and
that blinds everybody, they
cannot see right from wrong,”
he said.

Protester Gary Williams, a
father of four, emphasised that
the demonstration was in no
way politically motivated. He
urged all parents with children
in public schools, no matter
their party affiliation, to come
out and take a stand.

“The FNM ain’t got me out
here, the PLP ain’t got me out
here, I have four kids in
school, they have me out here.
They are in A F Adderley,
Government High, and Yel-
low Elder, that’s why I’m




Flight attendant
allegedly ‘needed
medical attention’

A BRITISH AIRWAYS
flight scheduled to take off on
Tuesday evening at 9.30pm,
eventually left Nassau at
5.00pm last night. The cause
of delay was allegedly due to a
flight attendant being taken
to hospital in an ambulance
after needing medical atten-
tion at the Hilton Hotel on
Tuesday.












YOUR CONNECTI



PAUL MOSS speaks to the press yesterday in Rawson square.

out here.

“We need to make a stand,
we need to start somewhere, I
know we are out here in small
(numbers), but I know plenty
people hear us,” he said.

Daphne Bannister, a mother
of four, said that her son, who
attends R M Bailey, is fearful
about going to school.

She said that it is not fair for
government to refuse to sta-
tion police at the schools when
this measure could make both
students and teachers feel safe.

Yesterday’s protest comes
after two stabbings — one at A
F Adderley Junior High and
one at.C I Gibson Senior High
— and an alleged beating of an
R M Bailey teacher occurred
on school campuses within one
week.

Mr Moss yesterday also
agreed with the Bahamas
Union of Teachers’ demand
for metal detectors at the
schools.

“They have a metal detector
now in parliament. If they are
concerned about their safety

THE BAHAMAS



Tim Clarke/Tribune staff

why not about the future of
this generation, our country —

they need to secure the bound- ,_,

aries of school,” he said.

Mr Moss added that gov-
ernment cannot make the
excuse of not having sufficient
funds to improve school secu-
rity.

“Many people inside the

country are not being taxed, ©

you have all the international
banks, all the international
companies, people bragging
about the tens of millions of
dollars that they net in profits
a quarter.

“We're saying that that is a
profit stream that you ought
to go to, after all it protects
them as well, when you have
an orderly society it protects
everybody,” he said.

Mr Moss said that while he
agrees with Minster of Educa-
tion Carl Bethel’s nine-prong
School Security Initiative, he
is “astounded” that the plan
does not include introducing
conflict resolution courses to
the curriculum.

O THE WORLD

TELECOMMUNICATIONS COMPANY,

LIMITED (BTC)

GOVERNMENT NOTICE
Invitation for Proposals

The Bahamas Telecommunications Company Limited (BTC)
is soliciting proposals from qualified suppliers for the provision
of a Direct Top-Up Pre-paid Mobile Solution.

Interested parties may obtain further information, including
eligibility to participate as of Wednesday, September 12, 2007
from the BTC Public Relations Department, John F Kennedy
(JFK) Drive, Nassau, Bahamas.

Any queries should be directed to Ms. Eldri Ferguson at (242)
324-9900 or (242) 424-2532 or eferguson@btcbahamas.com.

Please respond to this RFP by no later than 4:00 p.m., October
22nd, 2007, addressed to:

Mr. Leon Williams
President & CEO
The Bahamas Telecommunications Company Limited
P. O. Box N-3048
John F. Kennedy Drive
Nassau, Bahamas

Proposals will be opened at 12:00 noon, October 23, 2007 at

BTC, JFK Drive.

BTC reserves the right to reject any or all proposals.

sp



A

i

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ence

PAOD AID ETNA ELE ORIOL DELI AL DELIG OIA SSt IDI UE Bt BO LEANN LOE OOS APODEME Laps EL IESE OS LYRE eT

Si Dea es.

ea ee
THE TRIBUNE

THURSDAY, SEPTEMBER 20, 2007, PAGE 13



i ee ae ea
Price control has been ‘ineffective’

in keeping the cost of food low

PRICE control has been inet-
fective internationally in keep-
ing food costs low, Prime Min-
ister Hubert Ingraham said.

He pointed to the impact the
government’s customs duty
structure is having on the high
cost of food items in the
Bahamas.

Mr Ingraham headed a dele-
gation to CARICOM’s Summit
on Chronic Non-Communica-
ble Diseases in Port of Spain,
Trinidad on September 15,
where Heads of the Caribbean
Community were encouraged
to enact laws and policies to
“make a healthy choice the eas-
ier choice” for those living in
the region.

Chronic non-communicable
diseases such as hypertension,
heart disease and diabetes, cou-
pled with obesity, account for
the majority of all deaths in the
Bahamas and the Caribbean
region.

“The truth of the matter is
price control doesn’t work,”
Prime Minister Ingraham said.
“It doesn’t work anywhere else
in the world. “We in the
Bahamas tell ourselves that we
are able to control prices but
we are not.

“But the extent to which the
government would be able to
impact upon cost we’d certainly
be more than happy and will-
ing to do so.

Mr Ingraham pointed out

_ that price control would only
be effective if the government
becomes the supplier of items
such as food — a function, he
said, that would lead to other
factors including wastefulness.

“Cost of food and cost of





PRIME MINISTER Hubert aan and Health and Social
Development Minister Dr Hubert Minnis among CARICOM leaders
taking part in the Port of Spain summit on Chronic Non-Communicable
Diseases





Sharon Turner/BIS.

INCOMING CARICOM chairman Prime Minister Hubert Ingraham
discusses matters at the Port of Spain summit with CARICOM
chairman and Prime Minister of Barbados, Owen Arthur

many items is very high, and the
government can look at the
extent to which its customs duty

BAHAMAS ORCHID SOCIETY

presents...

na




structure is impacting upon that.
But as you have increased cost
of oil, you have increased cost
of transportation and you have

in the Bahamas a structure that
says the government collects
customs duty on items that are
imposted and upon the freight
charges that are applied to it.

“And so as these costs go up,
the government’s revenue goes
up, [as] the government’s rev-
enue goes up people require
more and more services from
the government, and so we have
to have this balancing act all the
time.”

When determining from a
legislative standpoint how the
Bahamas can make a healthy
choice the easier. choice for
Bahamians, Mr Ingraham indi-

cated that there are a number of

key decisions the government

would have to make regarding .

import taxes on meats, fruits
and vegetables and alcohol.

Those decisions include:

_©@. Whether the Bahamas
should begin to impose customs
duties on meat imports, as many
fatty meats are currently
imported into the country.

e Whether the Bahamas
should reduce taxes on the
import of fruits and vegetables
and how such a decision with
fare with the country’s farmers.

e Whether the Bahamas
should maintain its high tariff
on chicken imports if it wishes
to encourage more consump-
tion of chicken as a white meat,
and how to balance the same
with production from local
poultry producers.

¢ What should be the tax on
alcohol, and how such a tax
would affect the country’s com-
petitiveness in the tourism busi-
ness.

During his keynote presenta-
tion to CARICOM Heads at

the Port of Spain summit, St
Kitts and Nevis Prime Minister
Dr Denzil Douglas called on
the community's leaders to
observe a CARICOM Wellness
Day, an idea Prime Minister
Ingraham endorsed.

Dr Douglas is the Lead Head
with responsibility for health in
CARICOM’s quasi-Cabinet,
and stressed the need to make
changes at the legislative level

requiring that foods cooked in
public places in the Caribbean
be prepared with healthy ingre-
dients.

Prime Minister Ingrahain,
who following the summit
revealed his decision to eat few-
er amounts of red meat, said
more and more Bahamians
might decide that the healthter
choice for them would be to
become a vegetarian, adding

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RAHMING, VERONICA L.
ROACHE, PAULETTE



ROBERTS, GLENVILLE
ROBERTS, JUDITH
ROBERTS, PEGGY D,
ROLLE, ANTHONY R.
ROLLE, CARLA B.
ROLLE, LARRY
ROLLE, MICHAEL J.
ROLLE, PAULINE
ROLLE, REX R.
ROLLE, RICHARDO L.
ROLLE, SHEREE M.

RUSSELL, TENEKA I.

SANDS, HARRISON 1.
SAUNDERS, OSCAR
SEYMOUR, ALTHEAC
SFYMOUR, KENDRA CON
SINGH, SHERONE

SMITH, SHANIQUA A.
SOLOMON, JAMAAL ©
STRACHAN, DOREEN
STUART, CAROLYN M.
SWANN, HERBERT C.
SWEETING. LAWRENCE.
TATE, BERNARD R

PAYLOR, RENELAL
THOMPSON, BARBARA G
PHOMPSON, MARVIN
PURNQUEST, TINA

VARGA, CHRISTOPHER LOUIS
WALLACE, SHARON
WARD, JACQUELINE
WHYMS, PAULINE A
WHLLTAMS, SELLA
WORRTT TE, BEVERLY |
PAGE 14, THURSDAY, SEPTEMBER 20, 2007

THE TRIBUNE








PARLIAMENTARY SECRETARY for the Ministry of Housing and National Insurance Brensil Rolle speaking
with Kemp Road residents

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.




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Minister of Housing and
National Insurance Kenneth
Russell responded to the com-

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Troy Sampson 10:00 am Buying a Home: Basic Steps to

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Bahamas Mortgage Brokers Association

: ‘Andrew Wilson 10:30 am Discussion: Whose Beach Is It Anyways?

Entrepreneur Access Rights: Developers vs. Residents
&

Donald Saunders

Senior Associate, Halsbury Chambers

SACP Ellison Greenslade 11:00 am Taking Back our Nation: Combating Crime
&

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Julia Lee 12:00 pm A National Crisis: The Skinny on Obesity

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Yvette Bethel 12:30 pm What's Your EQ:

Executive Coach Measuring Emotional Intelligence

Glenn Ferguson 1:00 pm So You Want to Be A Millionaire

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plaints about redirecting area
flooding, untimely garbage col-
lection, the absence of police
patrols and the lack of adequate
street lighting.

Residents at the meeting in
St Bede’s Catholic Church were
also concerned about the grow-
ing illegal immigrant popula-
tion, some of whom openly con-
duct business and operate with-
out the proper business licence.



ST MARGARET Road resident Ruth Frazer making her point during the

mat Kill-A-Bug
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Si o WO Tees



MINISTER OF Housing and National Insurance Kenneth Russell addressing the meeting at St Bede’s

Residents also noted it was
the first time they had spoken
directly to a minister who did
not fear visiting the area at
night.

Fr Alain Laverne, Rector of
St. Bede’s Catholic Church, out-
lined the social isolation of the
community’s youth, touching on
the statistical epidemic of teenage
pregnancy and juvenile delin-
quency, attributing the causes to



opinion

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Meeting held for Kemp
Road Urban Renewal

prostitution and unemployment.

Both Fr Laverne and Pastor
Dale Moss of the Church of
God of Prophecy referred to
the anxiety surrounding the
young people who are “squan-
dering opportunities” and con-
tributing to the vicious cycle of
the “breakdown of the family”.

The minister assured resi-
dents that their observations
will be taken into account.



FATHER ALAIN Laverne Rector St Bede's Catholic Church voices his

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THE TRIBUNE

THURSDAY, SEPTEMBER 20, 2007, PAGE 15



Le ETL ONY C8 vata
Minister speaks with 12th graders

MINISTER of Education
Carl Bethel has launched a
series of visits to senior high
schools in New Providence to
urge students to avoid con-
frontation and focus on learn-
ing.

He paid the first visits to C
V Bethel and Doris Johnson
senior high schools, where he
reminded 12th graders that they
are looked upon by the other
students as leaders.

Mr Bethel told them they
_ must exercise responsibility and
set positive examples for the
_ others to follow.

He admonished the students
to avoid conflict and to
demonstrate leadership by
‘walking away from con-
tentious situations and doing
their part to ensure that the
school functions as a centre
for learning.

The minister informed the
. students that the government
» has doubled its contributions
for the awards of scholar-
ships and financial assis-
tance at the College of the
Bahamas and at the Ministry
of Education, Youth, Sports
and Culture.

He encouraged them to seek
tertiary level education and to

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take advantage of the awards
being offered for tertiary level
education.

Mr Bethel spoke also of the
Bahamas Technical and Voca-
tional Institute one day becom-

ing a university that issues
diplomas recognised all over the
world,

He said that students who
aspire to the technical and voca-
tional disciplines should be



CARL BETHEL addresses students at CV Bethel High School
as part of a series of visits to schools ;

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proud of themselves because
they can in fact earn a very
good living.

He mentioned the very suc-
cessful business man James
Bain of “Bain's Electric” who
completed high school then

studied his trade and became
very good at it.

An aspect of the visit was
devoted to fielding questions
from the students whose inter-
ests ranged from instruments
for the band programme to

scholarships for students who
were not academically
inclined.

Mr Bethel said that opportu-
nities will be provided for all
students to achieve their dreams
through education.

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RBC is making life a little easier for our clients with

the opening of our new branch on Carmichael

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both RBC Royal Bank of Canada and RBC FINCO

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new flagship location one block west of the |
temporary location on Carmichael Road.



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THE TRIBUNE

Annual Home and Builders
Show donates to Girl Guides

THE Bahamas Annual Home
and Builders trade-show and exhi-
bition has come to the aid of the
Bahamas Girl Guides Associa-
tion,

The trade show and exhibition,
which is now in its seventh year,
usually gives part proceeds from
the show to charitable organisa-
tions.

Proceeds from last year have
been given to the Girl Guides to
be used to build a new headquar-
ters and upgrade the Guides’
camp site, it was announced this
week.

Constance Miller, chief com-
missioner of the Guides, thanked
Mr Nikita Curtis, president of the
Bahamas home and builders
show, for the donation.

The Bahamas Girl Guides
Association is the national guide
organisation of the Bahamas.

It has more than 2,000 mem-
bers and is one of the oldest
youth organisations in the
Bahamas.

The Bahamas Girl Guides was
founded in 1915 and became a full
member of the World Associa-
tion of Girl Guides and Girl
Scouts in 1975.

The Association is divided in
four branches according to age:

e Sunflowers — ages five and six

e Brownies — ages seven to 10

e Guides — ages 10 to 14

¢ Rangers — ages 14 to 18

October has been earmarked
Girls Guide Cookie Month and
the young ladies will once again
be at the show selling their cook-
ies.

In recent times the net proceeds
from the door have been present-
ed to noteworthy charities such
as NEMA and the Cancer Society

’ of the Bahamas

This year, the show will take
place at the Wyndham Cable
Beach Resort on October 26 to
28.

“The one-of-a-kind show will
give attendees the opportunity to
attend interesting seminars, gain
invaluable tips on the local home
and building industry, and win
more than $50,000 in fabulous
prizes and surprises,” said a
spokesperson. “This year's show
and exhibition promises to be bet-
ter than ever before thanks to its
proud sponsors.”

Some of the sponsors thus far
include Colinalmperial, the US
Embassy, Arawak Homes and
Commonwealth Building SP.
plies.



PICTURED (L- R) ARE: Constance Miller, chief commissioner Gi Guides;
Maria Symonette; Nikita Curtis, president of the Bahamas home and

builders show.

Colina Imperial Insurance Ltd
will have a booth with staff to dis-
seminate information associated
with building and construction.

Commonwealth Building Sup-
plies will also be on hand to dis-
cuss the hardware issues and con-
cerns of persons attending the
event.

Arawak Homes will have rep-
resentatives on hand to discuss
home ownership plans and ideas
with homes owners and potential
home owners.

The home and builders show
has evolved into a highly antici-
pated event, which is frequented
by persons directly and indirectly
involved in the construction,
building and home industries.

“Everyone from contractors
and plumbers to ladies looking
for interior designing tips flock to
the show which averages over
6,000 attendees over the week-
end,” said the spokesperson.

There will be more than 80
booths including banks, insurance
companies, sub-contractors, engi-
neers, building supply companies,
interior decorators and security
companies.

Patrons will also have the
opportunity to learn about the lat-
est products and services avail-
able in the building industry from
both local and foreign vendors.

“The exhibition is the only
venue in the Bahamas and the
Caribbean, that brings together
all the major players in the home
and building Industry to network
and exhibit their products and ser-
vices to each other and the

~ Bahamian public-all at one time,

and under one roof.

“Some of the major foreign
companies that have participated
in the show over the past few
years include 84 Lumber, Home
Depot and Southern Pine Coun-
cil,” said the spokesperson.

On Saturday, October 27, the
show will open to the general pub-
lic between 10am and 6pm. Island
102.9 FM and Love 97.5 FM radio
vans will be on site to meet with
exhibitors and provide an oppor-
tunity for them to market their
products and services on the
radio.

On Sunday, the show will open
to the general public between
noon and 6pm. A Joy 101 FM
radio van will be on site. To
ensure a large attendance, several
exciting events will be organised
with the highlight being the draw-
ing of show prizes between 4pm
and 6pm.

The Bahamas home an builders
show was created in 2000 by Spe-
cial Events Bahamas Ltd (SEBL),
a Bahamian company created to
serve as a “market maker” in the
Bahamian home building and
remodeling sector.

The goal was reportedly to
establish a platform for local and
international companies interest-
ed in the Bahamian, home build-
ing to showcase their products
and services to the local con-
sumer.

The show also serves as an
opportunity for companies to pro-
mote, network and share infor-
mation among themselves and
with other industry leaders and
partners.

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& CHEDDAR SUB




Palmdale * Paradise Island * Oakes Field
Bernard Road, Roundabout (Drive-Thru) * Regent Centre (Freeport)

Major Credit Cards Accepted (Not At Drive-Thru)

DIAMONDS International
has joined Dame Maguerite Pin-
dling in raising funds towards
paying a $90,000 deficit which
has been accumulated by the
Ranfurly Home for Children.

The company has joined with
Dame Maguerite along with
other key supporters of the
Ranfurly Home to announce the
organisation’s participation in
this national effort.

Diamonds International has
reportedly taken on the respon-
sibility of selling 500 raffle book-
lets.

The employees of DI have
committed to a minimum of two

Diamonds International, Dame Maguerite Piling

raising funds towards Ranfurly Home deficit

raffle book per staff member,
the raffle tickets sell for $1 with
20 tickets per booklet.

“We are encouraging the gen-
eral public to become involved
and do their part in order to
keep the operation of facilities
for the children ongoing, and
ongoing successfully”, said
Anthony Smith, marketing man-
ager at DI.

Diamonds International cor-
porate partners assisting in this
cause include: the Miss
Bahamas Organisation, Devince
Volleyball team, and the
Bahamas Chamber of Com-
merce.



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THE TRIBUNE



Lae

Kelda McDonald, payroll and
benefits officer at DI said, “We
are happy to see that our
employees are so willing to
extend themselves for this cause.

“Some of us grew up in more
privileged circumstances, while
others had difficulties and chal- _
lenges, so it is quite refreshing '
to see when your colleagues and
staff members join together for
worth while effort”.

The raffle drives ends at the
end of October.

For more information regard-
ing tickets, please call Mr.
Anthony Smith or Sandra Ford
at: 323-4054.

L at f
NEW PROVIDENCE

HS:

ot



Il 327-1575
Oe ae






















har

4

s
THE TRIBUNE



Typhoon :
weakens as it —
hits eastern
China, calises
little damage

@ SHANGHAI, China

TYPHOON Wipha weak-
ened Wednesday as it swept
through eastern China, bring-
ing torrential rains that
destroyed thousands of hous-
es, flooded streets and dis-
rupted air traffic in the coun-
try’s financial center of Shang-
hai, according to Associated
Press.

Authorities in Shanghai
and nearby provinces evacu-
ated some 2 million people,
mostly from coastal regions,
boats and unsafe housing.
One man was electrocuted in
the city, local media report-
ed.

Local meteorological offi-
cials had warned Wipha could
be the most destructive storm
to hit eastern China ina
decade, but it was not as bad
as expected.

_ It was downgraded to a
tropical storm after it tore
into the coast south of Shang-
hai before dawn. It passed to
the west of the city later ir
the day, as clouds whipped
past its many skyscrapers.

The storm destroyed thou-
sands of houses and disrupted
power to more than 100 com-
munities, the official Xinhua
News Agency reported, citing
the Ministry of Civil Affairs
and provincial officials.

It said preliminary esti-
mates put the damage at $638
million and likely to rise.

Shanghai, a city of 20 mil-
lion, closed schools, ferries
and other transport links fol-
lowing forecasts of torrential
rains and strong winds.

The Meteorological Bureau
in Zhejiang province reported
that Wipha was downgraded
into a tropical storm after it
made landfall and its sus-
tained wind speeds dropped
below 74 mph.

By evening, Wipha was
passing to the northwest of
Shanghai, with wind speeds
of 55 mph, weather reports
said.

State television showed
flooded streets, fields and
homes. Rescue workers hand-
ed out packets of instant noo-
dles and ferried residents
stranded by local flooding to
higher ground.

The storm hit land near
Cangnan in southern Zhe-
jiang province, some 250 miles

south of Shanghai.

Organizers of the women’s
World Cup rescheduled
Wednesday’s Shanghai match
between Norway and Ghana
to Thursday and moved it to
the neighboring city of
Hangzhou. Three Wednesday
games were rescheduled for
Thursday, to allow them to
be played:simultaneously with
other final group matches.

On Tuesday, one worker
was reported killed and
another seriously injured as
the fringe of the typhoon
lashed Taiwan, knocking
down scaffolding at a high-
way construction site in
Taipei, Taiwan’s Disaster
Relief Center reported.





I [\'/ up to
dollars in

INTERNATIONAL NEWS |

THURSDAY, SEPTEMBER 20, 2007, PAGE 19

Iran set to retaliate case of attack




by Israel, air force official says

m@ TEHRAN, Iran

THE deputy commander of
Iran’s air force said Wednesday
that plans have been drawn up
to bomb Israel if the Jewish state
attacks Iran, according to the
semiofficial Fars news agency,
according to Associated Press.

The announcement came
amid rising tensions in the
region, with the United States
calling for a new round of U.N.
sanctions against Iran over its
disputed nuclear program and
Israeli planes having recently
overflown, and perhaps even
attacked, Iranian ally Syria.

On Sunday, French Forcign
Minister Bernard Kouchner said
the international community
should prepare for the possibili-
ty of war in the event that Iran
obtains atomic Weapons,
although he later appeared to
soften that statement.

“We have drawn up a plan to
strike back at Israel with our
bombers if this regime (Israel)
makes a silly mistake,” Gen,
Mohammad Alavi was quoted
as telling Fars in an interview.

Fars confirmed the quotes
when contacted by The Associ-
ated Press, but would not pro-
vide a tape of the interview. The
Iranian air force had no imme-
diate comment.

Defense Minister Mostafa
Mohammed Najjar told the offi-
cial IRNA news agency Wednes-
day that’“we keep various
options open to respond to
threats. ... We will make use of
them if required.”

Iran’s elite Revolutionary
Guards released a statement that
the nation was ready for a mili-
tary confrontation.

“Iran, having passed through
crises ... has prepared its people
for a possible confrontation
against any aggression,” IRNA
quoted the statement as saying.

White House press secretary
Dana Perino called Alavi’s com-
ment “unhelpful.”

“It is not constructive and it
almost seems provocative,” she
said. “Israel doesn’t seek a war

with its neighbors. And we all
are secking, under the U.N.
Security Council resolutions, for
Iran to comply with its obliga-
tions.”

Secretary of State Condoleez-
va Rice said the United States
is committed to diplomacy.

But she said “it can’t be busi-
ness as usual” with a country
whose president has spoken of
wiping Israel off the map.

For diplomacy to work, Rice
said during a visit to Jerusalem,
“it has to have both a way for
Iran to pursue a peaceful reso-
lution of this issue and it has to
have teeth, and the U.N. Securi-
ty Council and other measures
are providing teeth.”

Isracli Foreign Ministry
spokesman Mark Regev said,
“Unfortunately we are all too
accustomed to this kind of bell:
cose, extremist and hateful lan-
guage coming from Tran.”

“We take the threat very seri-
ously and so does the interna-
tional community,” he added.

Contingency

Iran has said in the past that
Israel would be Iran’s first retal-
iatory target if attacked by the
United States, but Alavi's com-
ments were the first word of spe-
cific contingency plans for strik-
ing back on Israel. r

Many in the region fear Isracl
could launch airstrikes on Tran-
ian nuclear facilities to prevent it
from building a nuclear weapon.

Alavi also warned that Israel
was within Iran’s medium-range
missiles and its fighter bombers,
while maintaining that Israel was
not strong enough to launch an
aerial attack against Iran.

“The whole territory of this
regime is within the range of our
missiles.

“Moreover, we can attack
their territory with our fighter
bombers as a response to any
attack,” the general said.

An upgraded version of Iran's
Shahab-3 missile has a range of
1.250 miles, capable of reaching

Isracl and carrying a nuclear
warhead.

Alavi said Iran’s radar bases
were monitoring activilics at the
country’s borders around the
clock and boasted that it had the
capability to confront U.S. cruise
missiles.

“One of the issues the ene-
mies make: publicity about is
their cruise missiles. Now, we
possess the necessary systems to
confront them,” Alavi was quol-
ed as saying.

Iran’s ambassador to Kuwait
said in an interview with the
Kuwaiti Al-Rai newspaper that
U.S. bases in the Gulf would be
targeted if the country was
attacked.

“Tran won't immediately
strike U.S. bases in the region if
it comes under a military strike,
It will hit the base from which
the strike against it came,” Ali
Jannati told the newspaper.

“But I don’t think the Gulf
nations would allow that a strike
be launched from their territo-
ry.” ‘

Kuwait has a major U.S. base,
which helps supply troops in
Iraq. The U.S. Sth Fleet, which
patrols the Gulf, is based in
Bahrain, and the U.S. forces’
Central Command ts based in
Qatar.

A top Revolutionary Guards
commander said this week that
Americans could be found all
around Iran and that they were
legitimate Iranian targets if the
U.S. takes military action.

“Today, the United States is
within Iran’s sight and all around
our country, but it doesn’t mean
we have been encircled. They
are encircled themselves and are
within our range,” Gen.
Mohammed Hasan Kousehchi
told IRNA, referring to U.S.
units in Iraq and Afghanistan,

In Ankara, Turkey, on

Wednesday, Underseeretary of

State Nicholas Burns called for
U.N. Security Council members
and U.S. allies to help push for a
third round of sanctions against
Iran over its nuclear program.

Burns said Washington was





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U. S. UNDERSECRETARY of State Nicholas Burn speaks to the media after his meeting with Turkish Prime
Minister Recep Tayyip Erdogan in Ankara, Wednesday, Sept. 19, 2007. Burn called Wednesday for U.N.
Security Council members and U.S. allies to help push for a third round of sanctions against Iran over its
disputed atomic work.

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“pursuing peaceful diplomacy,” .

and urged Iran to cooperate.
However, he said the “responsi-
bility lies with Iran to choose
negotiations.”

“We are going ahead to try to
sanction Iran again, and we hope
very much to have the support
of Russia and China and the oth-
er countries in the council for
that,” Burns said.

“We have very strong support
of France and Britain in this
respect.”

Sanctions

Russian Foreign Minister
Sergey Lavrov on Tuesday sig-
naled Moscow’s opposition to a

third round of sanctions, and‘

praised a recent agreement
between Tran and the Interna-
tional Atomic Energy Agency
aimed at resolving outstanding
issues.

U.N. Secretary-General Ban
Ki-moon urged Iran to cooper-
ate fully with the LAEA, the
ULN.’s nuclear watchdog agency,
and the Security Council to set-
tle the dispute, saying the Unit-
ed Nations wants a peaceful
solution,

Two U.N. resolutions impos-
ing sanctions on Iran have failed
to persuade the country to sus-
pend uranium enrichment.
Tehran insists the program is
aimed at producing energy for

civilian use but the U.S., its
European allies and many others
fear the program’s real aim is to
produce nuclear weapons.

Burns said he would host a
meeting Friday with the partici-
pation of permanent members
of the Security Council “to look
at the elements of a third reso-
lution.”

Talks on a third U.N. resolu-
tion that would impose new
sanctions on Iran were expected
next week in New York, when
world leaders attend the annual
ministerial session of the U.N.
General Assembly.

“All countries should do their
best ... to sanction Iran on their
own according to their laws,”
Burns said.

On Sunday, Kouchner said
France had appealed to major
companies such as oil giant Total
and gas giant Gaz de France not
to bid for projects in Iran.

He also said France and Ger-
many were preparing possible
European Union economic sanc-
tions against Tehran beyond
existing U.N. measures.

“The whole trend is away
from commercial engagement
and toward sanctions whether
that’s Security Council sanctions

or individual sanctions,” Burns _

said.

He said U.S. allies and friends
Turkey, Germany, Japan, South
Korea and India should consid-
er similar actions.

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THE TRIBUNE




~ PAGE 20, THURSDAY, SEPTEMBER 20, 2U0/










Poets
performance
artists take

to the stage

POET AND performance artist Christine Wilson, aka "Crab," shares
her talent during the latest session of "Express Yourself," on Sep-
tember 12. The event, held at "Da Island Club" in the Nassau Beach
Hotel, is an open mic forum for poets, musicians and visual and
performance artists to share their work.

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Eric Rose/BIS

EU says it can pay for
multibillion-dollar Galileo
satellites with own funds

@ BRUSSELS, Belgium

EUROPE’S proposed niulti-
billion-dollar Galileo satellite
navigation project could be sal-
vaged with the help of unspent
EU funds and without addi-
tional taxpayer money, the
European Commission said
Wednesday, according to Asso-
clated Press.

The EU executive said it
could shift money within the
bloce’s 2007-2013 budget to
come up with the 2.4 billion
euros ($3.3 billion) needed to
bail out Galileo.

The Commission suggested
the money could come from
funds allocated for the agricul-
ture sector, for research and for
running the EU civil service.

Galileo was envisaged as a
rival to the U.S. GPS system,
operated by the Department of





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NEADS. ABNER IONE ION TIENT NOTE

Defense, and touted as a key
high-technology venture for the
EU.

But the project was botched
when eight companies from
France, Germany, Spain,
Britain and Italy clashed over

the development of the system.

Public funds originally were
set aside to cover about one-
third of the construction of
Galileo, with the private sector
penciled in to provide the rest.
The total price tag has been
estimated at between 3.4 bil-
lion euros and 3.6 billion euros
($4.7 billion to $5 billion).

It is now up to EU member
states to decide whether to
accept the Commission pro-
posal and carry on with the pro-
ject, which is not expected to
be up and running before 2013.
EU transport ministers will
debate the issue again in Octo-
ber.







SHG

eet







“Galileo is a strategic project —
for the EU. We don’t want to
depend on the GPS signal, as
the United States can step in
at any time for military rea-
sons,” EU Transport Commis-
sioner Jacques Barrot told a
European Parliament commit-
tee when the funding proposal
was revealed. He said a final
decision on funding must be
made by the end of the year if
the system is to be in orbit in
2013.

The Commission said 2.2 bil-
lion euros ($3 billion) could be
transferred from an unspent
agriculture budget; 220 million
euros ($305 million) could be
provided from money ear-
marked tor administration; and
300 million euros ($410 million)
from the research budget.

Private companies could then
finance maintenance and oper-
ation of the system, Barrot said.

Galileo is envisaged to com-
prise a network of 30 satellites
beaming radio signals to receiv-
ing devices on the ground, help-
ing users pinpoint their loca-
tions. The system — interoper-
able with the 24-satellite GPS
— would more than double
existing GPS coverage, provid-
ing navigation for people from
motorists to pilots to emer-
gency rescue teams. It would
improve coverage in high-lati-
tude areas such as northern
Europe, and in big cities where
skyscrapers can block signals.

Developers say Galileo
would also be more precise
than GPS, zeroing in up to one
meter (3.3 feet), compared with
five meters (16.4 feet) with GPS
technology. However, only one
of Galileo’s satellites has been
launched, in December 2005.
The second satellite missed its
autumn 2006 launch date after
it short-circuited during final
testing.

Galileo was originally cnvis-
aged as a civilian-based system
run by a civilian authority,
which could not be turned off.
But Barrot said “the debate still
need to be open” on all possible
uses of the project, including
military or peacekeeping pro-
qects,
THE TRIBUNE THURSDAY SEPTEMBER 20, 2007, PAGE 21

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| THURSDAY EVENING SEPTEMBER 20, 2007 ost
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| 13' (CC) pet rat winds up in the sewer. 1 ‘PG’ (CC)



| x MAN OF THE YEAR (2006, Comedy) Robin Wiliams, Laura Linney, ,
Christopher Walken. A talk-show host becomes president of the United

States. O ‘PG-13' (CC)

; :00) % % THE DEEP END OF THE OCEAN (1999)
HBO-S __ Michelle Preiffer, A boy's disappearance leaves deep
wounds within his family. ‘PG-13' (CC)

















—

| (30) + THE|(:15) & x THE PRINCESS BRIDE (1987, Adventure) Cary Elwes, | THE RETURN (2008 Suspense) |
M AX-E ‘AMILY STONE |Robin Wright, Mandy Patinkin. A stableboy in disguise sets out to rescue |Sarah Michelle Gellar, Peter ) \
(2005) his beloved. ( ‘PG’ (CC) O'Brien. O ‘PG-13' (CC) . : TENG
6:45) & & & IN HER SHOES (2005, Comedy-Drama) | & x * 48 HRS, (1982, Action) Nick Nolte, Eddie Mur- |(:35) Sin City Di-, , ee.
‘-MOMAX Peer Diaz. A sexy partyer clashes with her seri- |phy, Annette O'Toole, A convict is temporarily set free aries “Tour of ‘ . foe 4
ousminded sister (V PG-13'(CC) foe catch gives. RCC) Duty’ 0 (CC) Movie G h ( eT I IC ates
USNR o ‘

Biece (38) 1, IN THE MIX (2005) Usher Raymond. iTV. A | &» THE LONGEST YARD (2005, Comedy) Adam Sandler, Chris
SHOW disc jockey becomes a bodyguard for a mobster's Rock, Burt bes iTV. Prisoners train for a football game against the
daughter. © ‘PG-13' (CC) guards. 1 'PG-13' (CC)

a 4% THE] % 4, THE PROPHECY Il (1998, Horror) Christopher
TC EATHER MAN |Walken. Satan resurrects archangel Gabriel to renew
(2005) 'R’__fthe war on man. \ ‘RY (CC)




make great gifts!

(25) #4 + THE PASSION OF THE CHRIST (2004,
an Jim Caviezel. Jesus endures the agony of his |
- final 12 hours. (Subtitled-English) Rr |











}HE TRIBUNE THURSDAY, SEPTEMBER 20, 2007, PAGE 23

THE JUNKANOO CORPORATION NEW PROVIDENCE LIMITED
IN PAR'TNERSIIIP WITH

TLE MINISTRY OF EDUCATION, YOUTH, SPORTS & CULTURE

Application

for

Prospective Judges

Applicant must be 2lyrs or over

OFFICAL USE ONLY

|__|

JUDGE NUMBER
THE 2007 / 2008 JUNKANOO SEASON

Please PRINT LEGIBLY all information in the spaces provided below and answer all questions and provide documentation including a
passport photo as requested or application may be subject to outright rejection

All information given by applicants will be subject to follow up background investigations and checks.

A. PERSONAL INFORMATION

Full Name (Ms./Mr/Mrs.) a oe _—_
* SURNAME FIRST MIDDLE Alias





Maiden name aliases nick names

Address. ee ; — ee
: (STREET, CITY, ISLAND)
Date of Birth : __ Country of Birth Age
P.O. Box oe ee Sex Nationality
(W) (H) CC)

Employer _ Profession



Telephone __

Employer's Address __



Email: _

B. GENERAL & BACKGROUND INFORMATION

Have you resided in the Bahamas for more than five years? (If NO please state previous residence)



Have you ever judged a Junkanoo Parade? (If YES please give year(s) of parade) _ _







a. Do you currently participate/rush with any Junkanoo group? If yes, name Group

b. Have you participated/rushed with any Junkanoo Group before If yes, name group





c. Are you an avid supporter of any Junkanoo Group? If yes, name group







d. Do you have any relatives and/or close friends who participate with any Junkanoo Group?



If yes name persons and group(s)_



e. Do you presently have any personal affiliation wi th ANY Junkanoo Group? (If YES please name the Group





f. Do you have any religious reason that may prevent you from judging a parade? (If YES please explain)









g. Do you work on Boxing Day and/or New Years? (If YES please state which)

h. Why do you wish to be a judge? . ee : —





Have you ever participated in any Junkanoo parade(s) before? (If YES please give the year and name of the group)

Explain how “integrity” relates to a judge and the parade

a



C. Given the above, are you confident that you are able to Judge a parade fairly and in an unbiased manner, based solely on your training and the presentation and performance of the groups during
the parades? Yes or ___No

Do you see Judging of Junkanoo Parades as a National contribution and civic duty? Yes or No

Do you know of any reason that would disqualify you for being allowed to Judge any parade? Yes or No

a

D. MEDICAL INFORMATION
Please note this section is for insurance and medical emergency purpose ONLY

Do you have any medical condition(s) that might prevent you from judging? (EG: asthma, heart condition, diabetes, hypertension, optical, hearing, etc.) If YES please explain and list any medication

that you take for that condition. oo - -



Are you allergic to any specific medicine? (If yes please list)
| understand that | may be liable to take a medical examination to determine my abilities in areas related to my ability to judge the parade and agree to the same.

Emergency Contact (LIST 2 PERSONS TO CONTACT IN THE EVENT OF AN EMERGENCY)



1. Name ; ee _ Relationship ee re
Telephone — (W) (H) - —{C)
2. Name / / ee Relationship ee oo



Telephone _ (H)



Declaration
i, declare that the information | have provided in this application is true and correct. I further agree that am of sound mind and body and pledge to be sober during the parade and to abide by all of
the rules. regulations and assignments set forth by JCNP or its assigns. | further understand and accept the full responsibility for the completeness and accuracy of the information that [have herein
provided. and accept full and complete responsibility for the same. If any of the information is found to be false and or misleading, either prior during or after a parade that I have Judged, I
render my self incapable of judging again in the future, and agree to stand liable for any such act, and that any and all scores tendered by me will be discarded.

~ APPLICANT SIGANTURE DATE
PASTE
PHOTO HERE

Completed applications should be submitted to the

Ministry of Culture, Morro Castle, Attention Mrs. Joan Henderson on
or before Friday, September 28, 2007
PAGE

JUDGE PARKER

y



( CEDRIC, WHAT DID N
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13
14

15
16
17
19
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“WANDERER *

NoU HANNE
COMNAIT WENT
ISSUES,
RIGAT?

ACROSS

4 Merely a letter to make a
suggestion (6)

7 —Noempty point in making an

arrest (4,4)
A proper leisure centre — for
squatters? (6)
US president writing to a girl (5)
Legal overheads? (4)

Such as getting £1 for a

piece of cake (4)

Put your name down to sing? (4)
The soap man, familiarly (3)
A sound from the middle bottom? (4)
The one to the fore (in Russia?) (4)
Where, in America, a young royal
could get a welghty education (9)
Loco, perhaps, but calm and
collected (4)

He, self-centred, is a rotter (4)

No shortage of clothing (3)

Where, in Normandy, cave men lost
heart? (4) /

“Doubles”, reasonably enough,
thymes with “booze” (4)

Possibly said to be a Welshman's
platiorm (4)

A colourful emulsion, say (5)

They built villas and manors (6)
Like ail my readers (8)

Focal point of recent change (6)

Yesterday's cryptic solutions
ACROSS: 1, Wealth 7, On the way 8, Fill 10, Sea-Ted 11,
I'm-pede 14, Red 16, Pores 17, Leer 19, Fired 21, Sited
22, Het up 23, Deep 26, Sewar 28, G-'un 29, Prompt 30,
Futile 31, A-Vid. 32, Re-sent-ed 33, E-aster
DOWN: 1, We-asel 2, Loiter 3, H-old 4, Thumped 5, Owner
6, Tyres 8, Fare 9, Led 12, P-od 13, Dense 15, Vitus 18,
Elder 19, Fit 20, Rep. 21, Serpent 22, He-m 23,

Duties 24, Enid 25, Peeler 26, Sport 27, Worse 28, Guy
30, Fade








Tribune Comics

OH, NO-13 \ SHE'S FINE.
LUANN |THIS IS ABOUT
WORS







24, THURSDAY, SEPTEMBER 20, 2007

I MADE
THEM TAKE
OFF THEIR
CLOTHES.---
AND TIED

THEM UPs








FPS

IDEA,
DAGWOOD!



‘FRAID NOT,
MRS. MILLER

OW, 1S
SUSTA SHINY

| CRYPTIC PUZZLE |

DOWN

1

2
3

8

8 8B BR BRE

BRE

Has it bad name with
vegans? (5)
Cover for a dagger? (5)
Short fuses have their
advantages (4)
Small branch assembly for prigs (5)
The fools need a variety of gums (4)
There’s plenty | have on, since it's so
soothing (6)
To start a fire could be quite a bit
disquieting (6)
Played up again (3)
Soine troops use the Paris
underground (5)
Women with wrong-headed
desires? (7)
A childish issue? (3)
He or she will come next month —
shortly, anyway (3)
Container for keeping coal in,
curiously? (3,3)
Ghanaian river with electrical
potential (5)
Shoot for the big prize (3)
In little England, it's even less (3)
Wolfishly, can it snarl yet coo,
possibly? (8)
That over there in Tokyo,
normally? (3)
One place you can’t walk away from,
as in church (5)
Team to succeed with only about half
a gate? (5)
Soak for a high price? (5)
Move fast with a lot of skill (4)
Only an excuse, but
this sure Is funt (4)

SPE

Yesterday's easy solutions

ACROSS: 1, Ascend 7, Imperial 8, Disc 10, Creche 11,

Rating 14, Ate 16, Tacos 17, Errs

Flags 8, Dear 9, She 12, Tar 13, Ni






BUT I GOT SOME CHICKENS
WHO WORE TEENY LITTLE









AND THE GUN? \ A TOY SHOP.--I
WHERE DID IT PICKED IT UP ON
COME FROMZ MY WAY TONIGHT!



EVIL SPIRITS, PREMONITIONS,
ANGELS — HAVE YOU LOST
YOUR MIND 27



SS ih
SY



OKAY THEN, WHO'S GOING TO TELL |
THE BOSS WE'RE GOING WeyoIr

WAS YOUR
IDEA, DAG!

COUNT
ME OUT!



ANKLE MONITORS







TAROT

PEYCIINTRY

WILE IPE @ cARTHLUDE. HET



IN THAT CASE,
I PROBABLY
VION'T VEoP
ANYTHING




















COMICS PAGE

“MoM, WOULD YOU WRAP THISZ BUT DON’T



DEAR Santa,

EVERY YEaR at THIS TIME

I SENd You q List oF

WHat I Want FoR
CHRistMaS ,

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LOOK INSIPE,’CAUSE ITS FOR YouL”

Contract Bridge



ARE You INSANE ?? Have
You GONE SENILE 2> Can't
You REAd Pa OR are You

Just 9 vindictive, Twisted
ELE BENT ON dESTROYING
LITLE Kids’ dREams Po,

THE TRIBUNE








ANd EVERY YEaR You
CALLoUSLY IGNORE ‘it ANd
BRING Me PRacticaL THINGS
I 4ON't WaNt at ait.
WHats tHE deal Av





YOU MIGHT
WANT TO
SLEEP ON

L KNOW, BUT
\T FELT GooD
To WRITE IT.





You are South, and the bidding

has gone:
West North East South
14% Dble Pass 2

_ What would you bid with each of
the following five hands?

1. # J98753 ¥ 742 @AQ9 # 10

2. #J84 ¥ KIS 963 & KJ98

3. @ Q92 ¥ J7652 83 & 943

4. 763 ¥ QJ94 @ AIS & K84

5. # Q653 ¥ 8 @ KQ64 & AQ72

x**ex*

1. Two spades. The most common
way of showing strength opposite a
takeout double is by making a jump-
response. Partner’s double indicates
at least an opening bid and implies
support for the unbid suits. If you
were to respond one spade with this
hand and also with, say, # J854
Â¥ 964 1032 4 872, partner could
hardly guess which hand you actu-
ally held.

Certainly this hand has the poten-
tial for producing a game in spades.
While you have only seven high-card
points, the six-card suit and singleton
club bring your values up to at least
1] points, particularly when partner
has more or less guaranteed spade
support and is probably short in
hearts. Some players might even
jump directly to four spades, and
they would be right more often than
not.

2. One notrump. Here you have
more high-card points, but less

Bidding Quiz

chance for game. It is better to bid

one notrump than two clubs, as the
notrump response indicates some
high-card values (about six to nine
points), at least one heart stopper and
balanced distribution, while two
clubs could be based on no points at
all.

3. One spade. This is an unpleas-
ant predicament, but you’re not
responsible for holding a bad hand
when partner doubles. It would be
wrong to pass, as your hearts are not
strong enough to assure defeat of one
heart, and equally wrong to bid one
notrump, which shows more values.
It’s no pleasure to respond in a three-
card suit, but there’s no better bid
available.

4. Two notrump. With 11 high-
card points, hearts doubly stopped
and flat distribution, two notrump
(invitational) is the standout
response. Change the spade seven to
the queen and you’d bid three
notrump.

5. Two hearts. This is clearly a
game-going hand, as you have an
opening bid facing an opening bid.
However, you can’t tell whether the
hand will play best in spades, dia-
monds or clubs.

Instead of trying to guess the nght
suit to bid, you should cuebid the
opponents’ suit to force partner to
make the choice. You plan to raise
directly to game in whatever suit
partner names.

| TARGET



WOW many words of four le(lers or more can you
make from the letters shown here?In making a word,
‘each letter may be used once only. Each must contain
the centre letter and there must be at least one nine-
letter wprd. No plurals or verb forms ending in “s”, no
words with initial capitals and no words with a hyphen
or apostrophe permitted. The first word of a plirase is
permitted (e.g. inkjet in inkjet printer).

TODAY'S TARGET

Good 17: very good 26: excellent 34 (or more).



YESTERDAY'S SOLUTION

ACROSS pon
4 Previously (6) 1 Worries (5)
7 Recur (8) 2 Material (5)
8 — Musical interval (6) 3 Chorch recess (4)
uu 10 Clan (5) 4 Wide (5)
ae 13 Female horse (4) 5 Destiny (4)
N 14 Rational (4) 6 Gully (6)
N 15 Assistant (4) # — Moron (6)
> 16 Finish (3) 11 Uncooked (3)
oO. 17 Agents (4) 12. _Brimless cap (5)
> 19 Sentimental (4) 13 Errand (7)
Mn 21. Inthe sky (9) 15 Mimic (3)
< 23 Schedule (4) 16 Slippery fish (3
Lu 24 Charged particles (4) 18 Dolited a
26 Wager (3) ’ 20 oe
27 Norse god (4) 21 a ®)
29 Snare (4) 22 Hill (3)
22 eee (4) 23 Cheese ingrediont (6)
34 Works dough (6) : ee hago
Â¥ 35 Herb (8) 30 ee Gi
36 Position (6) 31 Coin (5)
19, Later 21, Fetid 22, 32 Daybreak (4)
33 Rope (4)

Begin 23, Crew 26, Besom 28, Too 29, Anyway 30,
Remote 31, Unit 32, Glawered 33,
DOWN: 1, Apache 2, Edicts 3, Dice 4, Debated 5, Civic 6,

Ensure

loose 15, Ratio 18,

Raven 19, Leg 20, Tin 21, Females 22, Bow 23, Comics

| Ruce

24, Root 25, Whence 26, Barge 27, Synod 28, Ten 30,

erupt outer PIROUETTE pour pout pouter pure puree

putt puttee putter repute roul route rupee foupee four

foul troupe trout true tutor utter



THURSDAY,
SEPT 20

ARIES -— Mar 21/Apr 20
There’s a bigger picture at play this
week, Aries, but you’re just having
trouble seeing it. Take off the rose-
colored glasses and it may just come
into focus.

TAURUS - Apr 21/May 21
You have a goal, Taurus, so what’s
the hold up in getting started on
achieving it? Pisces lends a helping
hand on Wednesday, and the end of
the week has some banner days.

GEMINI - May 22/Jun 21
There’s more to a relationship you
have than meets the eye. Others
don’t know just how much you care
for this person. It could be time to let
them in on your little secret.

CANCER - Jun 22/Jul 22

If you need help with something.

Cancer, you just have to ask for it. You

have many willing helpers just waiting

for an invitation to get involved. Libra,
is one of them.

LEO - Jul 23/Aug 23

You may want to put the brakes on a
financial venture you were consider-
ing, Leo. Let’s just say the stars are
showing that something may not be
on the “up and up” with this deal.

VIRGO — Aug 24/Sept 22

If you like roller coasters, Virgo,
then you’re going to love the week
you’re about to have. There will be
no time for boredom because your
schedule will be jam-packed.

LIBRA -— Sept 23/Oct 23
Give a lot of thought to your actions,
Libra, because this week you cannot
get along by winging it. Expect a rep-
rimand at work. But the entire situa-
tion settles down by day’s end.

SCORPIO — Oct 24/Nov 22
Does the sound of a few days of rest
and relaxation sound good to you,
Scorpio? It probably does, consider-
ing you've been working yourself to
the bone for quite a while now.

SAGITTARIUS — Nov 23/Dec 21
It’s time to make moments count with
a family member with whom you’ve
had a recent falling out, Sagittarius.
Be honest and accept responsibility
for anything you’ve done.

CAPRICORN — Dec 22/Jan 20
If you’re looking for a ray of sunshine,
you’ ll find it with family members who
are close by, Capricom. They’re just
looking to spread their good fortune
and spirits to you.

AQUARIUS - Jan 21/Feb 18
Patience is a virtue not many people
possess, Aquarius. You'll need it in
droves when you support a loved
one who is experiencing a rough
patch. All things pass, however.

PISCES — Feb 19/Mar 20

Do not take on any mor work, Pisces,
unless you want to get bumt out. You
have enough on your plate to last for
days, so focus on that.

CHESS by Leonard Barden

Rustam Kasimdzhanov v Boris
Gelfand, world championship
candidates, Elista 2007. The
diagram looks winning for Black,
who is a pawn up with active
pieces. In reality, both players 8
had spotted a concealed trap,
which White (to play) reckoned
a drawing plan while Black b
calculated he would gain a
decisive advantage. As often
occurs in grandmaster chess, 4
they both looked deeper and the
game took a different course. 4
Can you spot the trap move and,
its sequel?

LEONARD BARDEN





Chess solution 8454: 1 Qxt5 tempts Bb7? when 2
Q{8* Kh7 3 Qf5+ is. a draw by perpetual check. But
Black would have instead replied 1. Qxf5? Qxq2+! 2
Rxg2 Rel + 3 Rql Bb7+ 4 Qed Bxed mate.


VHURSDAY, SEP! EMRE! 20, 2007, PAGE 25

THE TRIBUNE





We are enhancing our GSM Network fo
serve you better. Customers may
experience service disruption __.
throughout the national —
network during this time







For more details Call BTC 225






_ Poor service and attitudes are two of the top four
reasons that unsatisfied visitors gave for not
wanting to return to The Bahamas. How we treat _
our visitors determines whether we create a satis-
fied, returning customer or a crusader against a
| Bahamas vacation.

Waiters: You too are a part of the house that tourism
built. a



THEIR WORLD JUST TURNED
UPSIDE DOWN

NEW STRONGER FORMULA
WITH BETTER SMELL.
Show insects no mercy.

ww

Oubibieliias
rv
car
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«

seis 4 om
HY BAHAMAS, oD i
crema mnie








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G@Johnson

A FAMILY COMPANY



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THE TRIBUNE

PAGE 26, THURSDAY, SEPTEMBER 20, 2007

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ite at www.bicbahamas.com

302-7199
gsmcreditlimits@btcbahamas.com

For more information
click GSM Credit L

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THURSDAY, SEPTEMBER 20, 2007

SECTION



business@tribunemedia.net



The Tribune







ECA ECan AON RETA

Money Safe.

Money Fast.

MoneyGram.



yp saeane uaa: “Croan, Ueda) ide

Santon wh

SR a Oi ane RRR, asa

BISX chief ‘fearful’ on

public sector debt mis:

@ By NEIL HARTNELL
Tribune Business Editor



he Bahamas

International

Securities

Exchange’s

(BISX) — chief
executive yesterday said he was
“fearful” the Bahamas would
miss an opportunity to grow its
capital markets and increase
the wealth of its people if the
Government did not list and
register its paper debt securi-
ties on the exchange.

Keith Davies told The Tri-
bune: “IT really don’t want the
country to miss an opportunity
to take advantage of what we
have before us in terms of
developing our capital markets.

“It is everything in terms of
creating a new market for equi-
ty fund raising, the desire of
BISX to truly develop venture









STR UTILITY
PARI
BCA SMH
Bahamas funds

@ By NEIL HARTNELL
Tribune Business
Editor



THE owners of a top Eng-
lish Premier League club
have lost their appeal to
overturn a Supreme Court
order that froze a $9 million
account they held with UBS
(Bahamas), but only by a
slim two-to-one majority
verdict.

Arcadi Gaydamak and his
son, Alexandre, owners of

SEE page 4B








Ee)

* Exchange working with BICA to develop ‘template’ for all financial filings by listed equities
* Warns capital markets development will be stunted if government does not agree
to list paper debt on exchange, as it is ‘benchmark for all other issues’

capital in the country and all
the learning that comes with it.

“It leads on to the creation of
a formalised securities market,
with the establishment of a cen-
tralised securities depository
that allows for straight-through
processing of paperless trans-
actions, and the establishment
of the listing and trading of
securities from the largest
issuer in the Bahamas.”

That, of course, is the Gov-
ernment with its various issues
of government-registered stack
and Treasury Bills.

Outstanding central govern-

we

Keith Davies



ment debt issues amount to
more than $2 billion in value,
and that does not include the
debt of corporations and public
agencies that it has guaranteed.
The listing and trading of such
paper securities on a formal-
ized exchange would give BISX

the critical mass, in terms of

capitalisation, volume and
breadth of investor options,
that it has been seeking since
first going live in summer 2000,
and help to encourage savings
and investments in a culture
that desperately lacks such
wealth-building notions.

Mr Davies described central
government paper debt issues
as “the benchmark against
which all other issues are
made”. This is because the
interest rate or coupon
attached to government debt
issues is often used as a yard-
stick against which all other
securities issues are measured
to determine their price - equi-
ty issues, bonds, preference
shares and the like.

Without the listing of central
government debt issues on
BISX, Mr Davies said the
Bahamas and its capital mar-

Bank ‘very close’ to Love Estates solution

@ By NEIL HARTNELL
Tribune Business Editor

FIDELITY Bank
(Bahamas) chief executive told
The Tribune that a resolution
to a 10-year legal dispute in
which it has been embroiled
“is very close to being con-
summated”, the purchaser of
a New Providence real estate
development now just await-
ing some final Ministry of
Works approvals.

Anwer Sunderji said of the
Love Estates saga, which has
been noted in the bank’s annu-
al financials for numerous
years: “That [resolution] is very
close to being consummated.
All the legal aspects have been
resolved. The buyer is just
waiting for some approvals

from the Ministry of Works,
and then they will close.

“It’s not an issue for us any
more. It’s something that we
just need to complete.”

Fidelity Bank (Bahamas)
became exposed to the Love
Estates project in its previous
guise as British American
Bank in 1988, when it agreed
to lend funds to the initial
developer and guarantee per-
formance bonds in favour of
the Ministry of Works totalling
$3.328 million.

Both the loan and bonds
were secured by a mortgage
over the unsold lots in Love
Estates. The works were sup-
posed to be completed in 36
months, but the developer
defaulted, leaving Fidelity
Bank (Bahamas) in possession

of the project.

The Ministry of Works
obtained a judgment against
the bank and developer for an
amount equal to the bonds in
2001, with Fidelity negotiating
with prospective buyers all the
while.

Fidelity Bank (Bahamas)
was then sued over a Septem-
ber 24, 1997, sales agreement
relating to Love Estates, and
despite alleging that not all
conditions of the sales agree-
ment had been met, agreed to
enter into a Deed of Settle-
ment with Rolling Hills Devel-
opment Corporation.

As part of the settlement,
Fidelity paid $350,000 in costs
in 2004 to Rolling Hills, with
the latter assuming responsi-
bility for infrastructure instal-

Important.

Notice

Please note Pats our ABMs
will be down Thursday,

September 20, 2007.

VVe apologize for any
inconvenience this may cause.

Thank you in advance for
your cooperation.

bes Bank of The Bahamas

@inroerRnarionNnat
Revolutionizing The Way You Bank

New Providence * Grand Bahama © Andros © Inagua e Exuma
San Salvador
Head Office Nassau: (242) 397-3000

vuvuvv.BankBahamasOnline.com



lation and entering into new
performance bonds with the
Ministry of Works, enabling
the bank to cancel the previ-
ous ones it entered into.

Meanwhile, Walter Wells,
head of Caribbean Bottling
Company (Bahamas), the
Coca-Cola, Fanta and
Schweppes distributor in the
Bahamas, is standing for elec-
tion to. Fidelity) Bank
(Bahamas) Board of Directors
at its annual general meeting
(AGM) next Wednesday.

Mr Sunderji said Mr Wells,
who was a former senior exec-
utive with both Common-
wealth Bank and. First-
Caribbean International Bank
(Bahamas), had “years and
years of experience in bank-
ing”.

kets faced the prospect oi
falling behind regional rivals
such as Barbados, upon which
it had enjoyed a head start.

“It is something that should
be a priority for the country,
and I am fearful we will miss an
opportunity to take advantage
of what we have ahead of us.”
Mr Davies added.

The proposal for the govern-
ment paper securities market
has been worked on by BIS*.
the Central Bank of the

SEE page 10

Container Port
profit grows

30 per cent

@ By NEIL HARTNELL
Tribune Business
Editor _

FREEPORT Container |
Port’s operating income
increased by 30 per cent in |
2006, its parent company's
annual report has revealed.
largely due to the through-
put of twenty-foot equipnicnt
unit (TEU) containers grow-
ing by 31 per cent to 1.463. |
million. :

Hutchison Whampoa’
2006 annual report satd:
“Freeport Container Port on
Grand Bahama _ Island
reported throughput an
EBITDA |earnings before |

SEE page 4B



City Markets owne:
invests $4.4m in
chain over a yeat

THE new owners of
Bahamas Supermarkets, oper-
ator of 12 City Market stores in
New Providence and Grand
Bahama, have invested more
than $4.4 million in the chain
since acquiring the company in
August 20006.

Over the past year, BSL
Holdings, which acquired
Winn-Dixie’s majority 78 per
cent stake in Bahamas Super-
markets for $54 million, has
made capital investments in
computer systems and the
upgrading of information tech-
nology, including installation
of price checkers for customer
use and check-out counter
point of sale scanners with
inventory management.

The company installed heavy
duty offloading equipment and
began store renovations, refur-
bishing shelving, replacing
refrigeration, upgrading light-
ing and doing a great deal of
re-merchandising.

Employee uniforms were
introduced, and on top of the
capital investment, Bahamas
Supermarkets has beefed up
long-term planning, operations
and administration, bolstering
the purchasing, human
resources and marketing
departments.

“Frankly, we inherited some
very tired stores, and the mag-
ic Wand that we needed to put
the stores and distribution cen-
tre in the condition we wanted
them to be came with a hefty
price tag,” said Bahamas

Supermarkets chief executive.
Ken Burns.

“The Board of Ditectors
understood that. and their
commitment has been unwa-
vering. Their belief in the solid
foundation of the company and
the future of its market share is
strong.”

Bahamas Supermarkets has
also had to replace some 2.000
familiar products, Winn-Dixie
private brand labels that are
no longer available after the
supply contvact between the
two ended.

“We expected a slight tem
porary decline im sales as cus
tomers became accustomed to
new products.” Mr Burns said
“Sales reflect that customers
are becoming accustomed to
the new label, and \ ire
receiving a lot of compliments
on product selection.”

Some of the expenses
Bahamas Supermarkets faced
were unplanned, such as the
episode involving a garbage
disposal situation at its Rose!
ta Street store this week.

“We took immediate action,
and instead of a temporary
solution we decided to re-pour
the concrete pad and invest ta

more expensive leak-prool
compactor, the second one at
our stores.” Mr Burns said

Bahamas Supermarks
executives satd they felt
increasingly postlive about the

SEE page 12
PAGE 2B, THURSDAY, SEPTEMBER 20, 2007

THE TRIBUNE



. i ‘

“When we want comprehensive and insightful
articles about the business community,

The Tribune is our number one choice.

The Tribune is our newspaper.”

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and RENEA: BURROWS

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\

G The end of the twenti-
eth century saw a rapid
pace and rate of
_change within the
external environment of the
financial services industry. The
first decade of the new millen-
nium will see even more trans-
formation, with the world
changing at an unprecedented
speed....

“The' challenge for financial
services organisations is to antic-
ipate and be proactive to
changes, in order to avoid
launching inappropriate services
and products with structures,
costs, and systems unable to
meet customer demand and
expectations...

— Croft/Herin/Norton/Whyte,
Management and Organisation
in Financial Services

n the summer of 2000,
the Bahamian financial
services industry under-
went, quite arguably, one
of the most important and dra-
matic transformations it had
ever experienced, with the intro-
duction of legislative measures
that were designed to restruc-
ture, regulate and redefine the
legislative and regulatory envi-
ronment in which it operated.

On December 29, 2000, Par-
liament, in response to the
supranational initiatives of the
Financial Action Task Force
(FATE), the Financial Stability
Forum (FSF) and the Organi-
sation for Economic Co-opera-
tion and Development
(OECD), enacted legislation
that made this transformation
an inescapable reality to all but
the most passively-aggressive
industry participants.

Since the enactment of this
new financial legislation, many
Bahamas-based financial insti-
tutions and their clients have
grappled with the wide-ranging
and comprehensive Know Your
Customer (KYC) due diligence,
reporting and monitoring
requirements that have under-
scored and, in the eyes of some,
undermined the foundation of
the Bahamian financial services
industry.

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Legal
Ease |
(Ca

J

Even after years of diplomat-
ic and supranational politicking,
legislative amendments and
implementation, political
appeasement, and copious
explanatory/guidance notes,
many industry participants are
still wondering whether the long
trek from the year 2000 has
been an unpredictable and
unimaginative legal odyssey, or
a serendipitous- albeit surreal -
opportunity, to transform our-
selves into an internationally-
compliant international finan-
cial centre. This writer believes
it has been a little bit of both.

The legislative and financial
developments that have
occurred since summer 2000
have seen the Bahamas go from
international blacklisting by the
supranational bodies, and the
enactment of stricter financial
legislation (with the resultant
loss of client business to less reg-
ulated jurisdictions), to the
bestowal of Qualified Jurisdic-
tion (QJ) status, eventual
removal of the Bahamas from
the blacklist, and increased
respect within the international
financial community.

If that is not an odyssey of
incomparable political and eco-
nomic proportions, then it is
questionable what is.

However, what has emerged
from this “prolonged” odyssey
and the remnants of an unsur-
prising exodus of international
business to our offshore com-
petitors, is a-Bahamian finan-
cial services industry that has
not been sacrificed on the alter
of national sovereignty and
political grandstanding, as some
local and international pundits
would have us believe. It is one
that is, arguably, more compet-

itive, forward-thinking, and pro- ©

fessionally sound than seven
years ago.

Political rhetoric and eco-
nomic debate aside, most indus-
try participants would agree that
the legal and political impact of
the supranational initiatives,
coupled with the new legisla-
tion, has given us an expanded
opportunity as an economically-
resilient jurisdiction. This has
also heightened our commercial
awareness of the challenges and
demands of the global, interde-
pendent financial services indus-
try, of which we are a part. It

has made us critically re-assess_

and re-define the nature and
importance of our competitive
advantage.

Notwithstanding the legiti-

mate criticisms and intelligent
recommendations that have
been made to our government

leaders and industry captains.

since the enactment of the 2000
legislation, we must understand
that if we want to be seen as a
serious, internationally compet-
itive and professionally compe-
tent financial jurisdiction, we
must appreciate and embrace
the opportunities inherent in the
changing environment in which

Financial services
reform: opportunity
or road to nowhere

we work.

The Bahamian Financial ser-
vices industry will require its
participants to become more
proactive and increasingly vigi-
lant in diversifying and devel-
oping the economic parameters
within which it must function.

Whether the sector is adapt-
ing itself to fit more comfort-
ably and confidently within the
dictates and confines of inter-
national standards, or working
collectively with other interna-
tional financial agencies to com-
bat traditional or reverse mon-
ey-laundering activities, the
question that should always
remain at the forefront of our
mind is: “How can we be better
as an industry and as a jurisdic-
tion, without compromising or
devaluing our competitive
advantage?”.

The answer, if we are confi-
dent and courageous enough to
find it in the opportunities that
disguise themselves as the chal-
lenges that we now face, both
locally and internationally, may
not be an easy or comfortable
one.

However, it will require that
our fortitude and foresight not
be distracted or deterred by the
changing nature of the global
financial markets, or the chal-
lenges of would-be criminals
who seek to use our competi-
tive advantage to advance their
own. Make no mistake. The
challenges we will encounter in
years to come will become
greater, as we continue to
advance and compete in a glob-
al financial arena which often
judges, fairly or unfairly, our
credibility and sustainability as
an international financial cen-
tre based on its own standards
of competitiveness and compli-
ance. i
The legislative and political
wrangling, international poli-
ticking, and ongoing economic
debate have been obvious
reminders to us that as long as
the financial services industry is
driven and characterised by
global political and economic
change, the “odyssey” that we
painstakingly seek to avoid will
continue and intensify.

How we react and réspond to
such an adventure (and the chal-
lenges that underpin it) will
determine how much and how
far we survive, thrive and pros-
per in 2007 and beyond.

©Copyright 2007. Tyrone L.
E. Fitzgerald. All rights
reserved.

NB: The information con-
tained in this article does not
constitute nor is it a substitute
for legal advice. Persons reading
this article and/or column, gen-
erally, are encouraged to seek
the relevant legal advice and
assistance regarding issues that
may affect them and may relate
to the information presented.

Tyrone L. E. Fitzgerald is an
attorney with Fitzgerald &
Fitzgerald. Should you have any
comments or inquiries regard-
ing this article, you may con-

‘tact Mr Fitzgerald at Suite 212,

Lagoon Court Building, Olde
Towne Mall at Sandyport, West
Bay Street, P. O. Box CB-11173,
Nassau, Bahamas




THE TRIBUNE




@ By NEIL HARTNELL
Tribune Business Editor



ahamian insurance

regulators “need

stronger powers to

investigate and
penalise” carriers who fail to
act in good faith in resolving
claims, an attorney told The
Tribune, as he urged the Gov-
ernment to enact laws protect-
ing consumers from “insurance
abuse”.

Fred Smith, speaking in his
capacity as president of the
Grand Bahama Human Rights
Association (GBHRA), called
on the Government to pass
laws requiring insurance carri-
ers and their loss adjusters to
“explain the issue of averag-
ing” so that consumers’ claims
were not discounted.

He urged “the Government
to pass legislation to protect
the consumer in the Bahamas
from insurance abuse”.

“The aftermath of hurricanes
Jeanne, Frances and Floyd on
Grand Bahama demonstrated
how homeowners, businesses
and the consumer are at the
mercy of insurance compa-
nies,” Mr Smith said.

“Our association has previ-
ously called on the PLP to
ensure that the insurance com-
panies act in good faith in
receiving and settling insuranee
claims.

“We now call on the FNM
to pass laws that will require

Career



Ae RST TU



the insurance companies to
explain the issue of ‘averaging’,
so that on claims people are
not subjected to the insurance
companies’ adjusters discount-
ing the amount payable.”

Mr Smith said ‘averaging’
applied when an insured per-
son or company was consid-
ered as ‘self-insured’ for a cer-
tain percentage of the claim.

This, he added, happened
when, during the processing of
a claim, an insurance compa-
ny found that the client was
underinsured.

Mr Smith cited as a hypo-
thetical example, a $1 million
building that was under-
insured, only being covered for
$700,000 - a 30 per cent dis-

THURSDAY, SEPTEMBER 20, 2007, PAGE 3B

BUSINESS

‘Stronger powers’
urged for insurance
industry regulators

count. If the building owner
submitted a claim far $500,000,
under ‘averaging’, the claim
would be subject to a 30 per
cent discount.

“In addition, laws need to be
passed to ensure that claims
are dealt with speedily, and
adjusters do not delay settle-
ments in order to force
claimants to accept less,” Mr
Smith said.

“The Office of the Registrar
of Insurance Companies needs
to have a lot stronger powers to
investigate and penalise insur-
ance companies in the handling
of claims.”

Mr Smith said the Associa-
tion was “surprised” to see that
Dr Roger Brown, who last
week retired as Registrar of
Insurance, was now set to take
up the post of Bahamas Gen-
eral Insurance Association
(BGIA) co-ordinator with
effect from October 15, 2007,
as first revealed by The Tri-
bune.

“We are aware of a number
of complaints in the aftermath
of Frances and Jeanne in 2004
that were made to Dr Brown
and his office, which did not
even receive the courtesy of a
response,” Mr Smith said.

“The consumer in the
Bahamas is generally subject
to the mercy of large financial
institutions, and the FNM, if
they really care for people’s
rights, should really focus on
their protection.”

Opportunities

A leading home appliances and electronics retail
distributor invites suitably qualified applicants to
apply for the following posts:



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Deadline for receipt of applications is October 8th, 2007. |





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Scotiabank Sponsors Cancer Society's

“Stride For Life”

Nassau, The Bahamas, September 17, 2007 — Scotiabank is proud to
announce its sponsorship of all the prizes to be awarded to winners of the Cancer Society
of The Bahamas’s 3° Annual Stride for Life Fun Walk.

Debra Wood, Scotiabank’s Senior Manager, Marketing and Public Relations said,
“Scotiabank’s support of this worthy cause is in keeping with our mandate to help better
the lives of persons in the communities in which we live and work. We are proud to be
able to help get the message out to cancer survivors and the public, that there is hope,
healing and life after being diagnosed with cancer.”

_As an additional show of support for this cause, a Scotiabank team is also set to
participate in the fun walk.

Upon receiving the donation, Ms. Sherrylyn Bastian, Vice-President of the Cancer Society
said, “We are always grateful when companies like Scotiabank assist us in sending the
message that early detection saves lives, so we thank you for caring and sharing.”

Earlier this year, Scotiabank made a cash donation to the Society as well as supporied
the Annual Gala Ball by purchasing a table for 10 attendees.



Photo caption: Pictured | to r, are: Ms. Naomi Taylor, Manager, Employee Relations, Human
Resources; Ms. Sherrylyn Bastian, Vice-President, Cancer Society; Debra Wood, Senior
Manager, Marketing and Public Relations; and Earle Bethell, Director, Cancer Society.

RMT CPT NE NT et er neers eet




A well established organization is in search of
ETT Tat Tit t 1 PU cr Ltd ais

All interested Pye Lit] Pet] arc]
me BC) te: ce Ca

Cru eLe cis
Fax No: 362-4107 |

BAHAMAS BUSINESS SOLUTIONS LTD.
wishes to inform the general public that
TEKITO STEVENSON

is no longer employed with the company,
and is not authorized to
transact any business on behalf of

the company.

Bahamas _ oo
Business Solutions Ltd.



Bridal Sales Assistants

Kelly's is seeking qualified and experienced
sales persons to become fulltime Sales
Assistants in our Bridal & China Department.

The successful candidates must be
hardworking, honest, motivated individuals
with good communication skills and a positive
attitude. Experience with fine china and crystal
an asset but not essential.

Application forms maybe picked up at the
Customer Service counter at Kelly’s.

No phone calls please

Kelly's "ss.

Mall at Marathon
Monday-Friday 9:00am8:00pm
Saturday 9:00am-9:00pm

Sunda closed

393-4096 — SAvw Rellysbahames com

PUBLIC
NOTICE

The Cancer Society
of the Bahamas

Tel: (343) 393-4002
Fax: (242


















Will be holding
a huge renovation sale

Saturday September 22nd
From 8:00 am - 12:00 pm

BARGAINS GALORE!!!

At Headquarters
(2 doors down from ZNS)







Come shop with us, and
contribute worthy cause at
the same time!



PAGE 4B, THURSDAY, SEPTEMBER 20, 2007

Lamdscapitig/Gar'clericl |” amen: Sanne
Soccer moguls

lose appeal over
frozen $9m UBS |

Bahamas funds

FROM page one

Premier League team
Portsmouth, lost their appeal
against a Supreme Court deci-
sion not to remove an April 12,
2002, restraining order imposed
on the UBS (Bahamas) account
under the Proceeds of Crime
Act 2000 after Appeal Justices
Hartman Longley and Emanuel
Osadebay backed the initial ver-
dict.

Outlining the case and the
reasons for their verdict, Jus-
tice Longley said Arcadi Gay-
damak had initially transferred
$19 million into the UBS
(Bahamas) account on May 16,
2000. The funds were then
transferred into a joint account
in his name and that of his son,
Alexandre.

Then, between 16-18 Janu-
ary, 2001, some $10 million was
transferred from the UBS
(Bahamas) account in $5 mil-

Northwoods Hidea ¥



fi deckp

lion instalments, just before the
Attorney General of the
Bahamas obtained a restrain-
ing order on the account on
January 31, 2001.

The Attorney-General
moved at the request of exam-
ining French magistrates, who
were investigating allegations
that Arcadi Gayadmak had
been involved in “alleged illegal
arms dealings, embezzlements
misappropriation of companies’
assets ands breach of trust,
influence peddling and money
laundering”.

The charge relating to the
arms sales was later dropped,
Justice Longley noted, but the
other allegations remain and
Arcadi Gaydamak is still sub-
ject to these proceedings. He is
denying those allegations.

Gail Lockhart-Charles, an
attorney with Gibson & Com-
pany, acting for Mr Gaydamak
and his son, argued that there
was no basis for freezing the

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account as her client had not
been charged, nor was there evi-
dence he would be.

She also argued that the evi-
dence presented by the French
magistrates, through Letters
Rogatory and other affidavits,
were not enough to show the
$9 million in the UBS
(Bahamas) account had been
derived from proceeds of crime.

Justice Longley, though, dis-
missed all arguments, finding
that “at the moment, I am sat-
isfied that there is justification
for making the restraint order”.

He also concluded that Mr
Gaydamak had the “ability to
cause the French proceeding to
move with greater expedition
than has been the case to date”.

However, in his dissenting
judgment, Appeal Justice Lorris
Ganpatsingh said he would

have allowed the appeal and

discharged the restraining order.

He pointed out that the
French investigation had been
ongoing for six years, and it was
four years since the initial
restraining order was made.

Justice Ganpatsingh said:
“We have seen no evidence to
indicate when it is intended that
proceedings which may lead to
a recording of guilt should be
instituted in France, which was
a requirement in the first place.

“In the absence of any such
indication, and having regard
to the deficiency of the facts
presented, even allowing for the
magistrates’ barren assumptions
and suspicions over the past six
years, there do not seem to be
any reasonable grounds for
believing that a trial is likely.
or than an external confiscation
order may be made against [Mr
Gaydamak].”

THE TRIBUNE

Container Port
FROM page one

interest and taxation, or oper-
ating income] 31 per cent and
30 per cent above last year
respectively.

“Further expansion in
Freeport Container Port is
planned to handle additional
demand.” ,

That is likely to be a refer-
ence to the planned Phase V
expansion at the Freeport
Container Port, and it is under-
stood that its go-ahead is due
to be announced imminently.

The $250 million Phase V
expansion would potentially
add an additional 450 metres
of berthing capacity and a
nine-block stacking area,
Derek Newbold, Hutchison
Port Holdings (Bahamas) sales
and marketing manager, told a
seminar in 2006. It is likely to
create 300 jobs.

Hutchison Port Holdings
holds a majority 60 per cent
stake in Freeport Container
Port, and the 1.436 million
TEU’s it processed in 2006
made it the company’s busiest
port in the Western Hemi-
sphere - busier than those in
Mexico, Argentina and Pana-
ma.

Meanwhile, Hutchison
described its Silver Point high-
end, luxury residential real
estate development for Grand
Bahama as “progressing well”.

Hutchison Whampoa has a
90 per cent stake in the devel-
opment vhich is scheduled to
be completed by 2010.

Silver Point is located a
mile-and-a-half to the west of
the Our Lucaya resort, and will
feature 125 condominiums, sin-
gle family homes and town-
house apartments, each with
their own berth able to take a
boat up to 75 feet in length.

Prices are at an average of
$1.8 million, and
marketing/pre-selling of the
units is expected to start this
autumn once the construction
costs have been nailed down.

Apart from its climate and
proximity to the United States,
another key attraction of the
Bahamas for high-end resi-
dential and real estate devel-
opers is that there is hardly
any prime, beachfront land left
in Florida, forcing them to turn
to this relatively unspoilt
nation.

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece parcel or lot of land bel

NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece parcel or fot of land being Lot 11, Perpall Tract, situated in the
Western District on the Island of New Providence one of the islands of the
Commonwealth of the Bahamas. Situated thereon is a Single Family Residence
consisting of 4 Bedrooms, 2 Bathrooms.

Property Size 5,280 sq ft
Building Sizes] 843 sq.tt

This property is being sold under Power of Sale contained in a Mortgage to FINANCE
CORPORATION OF BAHAMAS LIMITED.

All offers should be forwarded in writing ina sealed envelope, addressed to the Manager,
Roval Bank Collections Centre, P.O, Box N-7849, Nassau, Bahamas and marked

. nang . . < . <0 a
“Tender 7598", Af offers mast be received by the close of business 4:00 pm, Friday 2]

September, 2007,
ERR KR RGAE ER RHR ARR EMR RAE RR REE ERE SED RSS EPS EE RAS RR ERR HER EWRE SHS HVT ERT RH

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Subdivision situated is the Southern D
islands af the Commonwealth of the Bahamas.
consisting of (2) Bedrooms, (2) Bathrooms.

Unit Size 1.135 sq ft

This property is being sold under Power of Sale contained ip a Mortgage to FINANCE
CORPORATION OF BAHAMAS LIMITED,

All offers should be forwarded in writing in a sealed envelope, addressed to the Manager,
Roval Bank Collections Centre, P.O. Box N-7549, Nassau, Bahamas and marked
"Tender 3482". All offers must be received by the close of business 4:00 p.m., Friday 21°
September, 2007.

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Indigo - Investment Opportunity

A unique opportunity to own S adjacent lots in this quaint gated
community. Each lot measures 60 ft x 130 ft zoned for 15 units.
Amentiies: include double tennis court and swimming pool. Was
$650,000, now reduced & $550,000 for quick sale.

Lot *70 Hope Town, Abaco - Land for Sale
Large lot located less than 300 ft from the beach with partial ocean
views. Priced to sell at $285,000

Orange Hill - West Bay Street - Land for Sale

17.2 acres of superb oceanfront in the most desirable location on
the island. Ideal for a high-end condo development or a class “A"
office/financial centre. Offered at $7,500,000

2

Gilingam House, Montague - Class “A” Office Space Available
Top floor comprises of 2,462 sq ft of leasable area dnd 1,108 sq
ft of common leasable area totalling 3,670 gross sq ft. Lease is $32
per sq ft with CAM charges being $12 per sq ft. This floor is being

leased with partial office furnishings.

Contact Kingsley Edgecombe for more information,
Ph: 242 394 4397 / kingsley@kingsrealty.com

Gilingam House, Montague, *4 East Bay Street

P.0.Box N 10414, Nassau, The Bahamas www. KingsRealty.com


THE TRIBUNE



owners planning

THURSDAY, SEPTEMBER 20, 2007, PAGE 5B

BUSINESS

Smart business

now for holiday
staffing, parties
and gifts

m@ By JOYCE M
ROSENBERG
AP Business Writer

NEW YORK (AP) — Big
companies like L L Bean and
Hallmark are already in holi-
day mode, sending out cata-
logues and putting merchan-
dise on display. Small business
owners might want to follow
their lead.

Although Christmas is still
three months away, doing some
holiday planning now will
make life — business and per-
sonal — a lot easier come
December. That includes think-
ing about year-end staffing and
parties and buying gifts now.

It can also mean getting cus-
tomers ready. At Pooch Chica-
go, an upscale daycare, kennel
and spa for dogs, owner Robin
Tomb began reminding cus-
tomers in July that they need to
book early for the holidays, or
risk not being able to board
their pets when December
arrives.

“We have found over the
past several years that come

early December, we’re com- -

pletely booked, and people
haven't planned,” Tomb said.
Some of her best customers
were surprised when they
called on December 22 and
learned it was too late to poe
their pets.

To try to avoid such dean:
pointments, the Pooch Hotel
is sending another reminder
this week “so we can take care
of clients now,” Tomb said.

Companies

Many companies have
learned that planning holiday
staffing levels — including who'll
be off and at what times — is
best done early to avoid con-
flicts between employees, and
to be sure that customers and
clients are taken care of.

At PR by the Book, an
Austin, Texas-based publicity
firm, planning means asking
employees how much time they
need to take off for the holi-
days, and then co-ordinating
the company’s workload
accordingly.

Owner

Owner Marika Flatt says the
company won't take on more
projects than it can handle dur-
ing the holidays because “we
all have young kids and we all
want to spend time around the
holidays with our families.”

“We like to prepare for that
in advance; the worst thing we
can do is overcommit and not
deliver,” Flatt said.

That can mean turning away
some new business, but Flatt

- said that because two-thirds of

the company’s clients are book-
related, for the most part their
needs can often be handled
before or after the holidays. So
she'll arrange in advance with
clients to do the work when it’s
not the height of the holiday
season.

Early planning for holiday
parties is critical if owners want
to insure they hold their events
at the locations they want on
the dates they want. Basho
Strategies Inc., a Burlington,
Mass.-based company that pro-
vides sales training, has picked
dates for its client and employ-
ee holiday parties, and already
booked a spot for the latter
event.

“It’s absolutely essential to
start looking” early, said Renay
Picard, Basho’s vice president
of marketing. “If we had wait-
ed any longer, it would be too
late.”

Like many companies, Basho
learned the hard way that it
should have planned in
advance, Picard said. Planning
has also become critical

because the company has
grown so much; now, an exec-
utive assistant handles many of
the details.

Because Bridget Cavanaugh-
‘s business planned early for its
employee party, “we had all
the choices of weekends — Fri-
day and Saturday nights.
Everything we were looking at,
we had all the choices,” she
said.

Cavanaugh, co-founder of

O’Berry Cavanaugh, a Boze-
man, Mont.-based advertising
agency, said the company wait-
ed too long last year, so plan-
ning became a very hectic
atfair.

“We made a commitment as
a company that we were going
to nail down next year’s holi-
day party,” she said.

Planning is also necessary if
you're looking to give client,
vendor or employee gifts that
are more unique and have a
bigger impact than mugs or cal-
endars.

Time

“Now is the time to really sit
down and think about the kind
of gifts I want to give my
clients,” said Jennefer Witter,
owner of New York-based The
Boreland Group Ine., a public
relations firm.

“1 don’t like to rush; I want
to think about who they are
and what their interests are,
and that takes time to put
together.”

After she comes up with
some ideas, Witter said, she has
an assistant who helps her track
down the best places to find
the gifts.

She also tries to personalize
the more than 200 cards she
sends — “something so that it
won't be a rote holiday card.”
That will also require more
time than just stuffing identi-
cal cards into envelopes.

The Foot & Ankle
Institute





Visit our website at www.cob.edu.bs








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email: footnankle@coralwave. (ofo} 1}


PAGE 6B, THURSDAY, SEPTEMBER 20, 2007 THE TRIBUNE

INVESTMENT OPPORTUNITY |

y L | i September 20th, 2007

) , MISCELLANEOUS PROPERTIES _

LOT NO. 12, BLOCK 3, MILLAR’S



Eleuthera Island Shores

HEIGHTS Subdivision LOT NO. 1,
| | | BLOCK NO. 45,
See er eae SECTION E, ELEUTHERA

designated as Millar’s Heights, situated in the
Southwestern district of New Providence, Bahamas.
This property is comprised of a 25 yr old single
family residence consisting of approximately 2,375
sq. ft of enclosed living space with three 2-
bedrooms, 1-bathroom, living/dining rooms, and
kitchen apartment complex. The land is on a grade
and level and appear to be sufficiently elevated to disallow the possibility of flooding during ae
heavy rainy periods. The grounds are fairly kept, with improvements including parking area, walking ‘and is abandoned. here is a wooden:landin : A wi an
: : ‘ a ; : g approximately 7’-4” wide by 20’-0” on the upper
pay ay and low shrubs. The yard is enclosed with chain linked fencing at the back and southern level, approximately 1,610 sq. ft. of enclosed living space, with 3-bedrooms, 2-bathrooms, front
ee “ room, dining room, den, kitchen, and utility room. The wooden porch on the upper level is
Appraisal: $239,500.00 approximately 148sq. ft. There is also a water cistern under the dining room floor area. All utilities
and services available.

All that piece parcel or lot of land having
an area of 9,644 sq. ft. being lot #1 in
block 45, Section “E” in the subdivision
called and known as Eleuthera Island

ua Pr tio : %) Shores Subdivision, situated in the
ity of Hatche arbour, on the euthera, one of the islands of the Commonwealth
of The Bahams. This site encompasses a two storey building which is approximately 14 yrs old







Traveling west on Carmichael Road, enter West Avenue, on the South side immediately after Topps

Laundromat. Take first right which is Wimpole St., go around the curve on the left which is London a

Avenue, traveling south on London Avenue the subject property is the 9th building on the right This property is situated in reutt eeraisal: $151,007.00
before the T, Junction ‘high street) the subject building is an L shape triplex, painted green, trimmed .

white.





LOT NO. 1 WESTERN SHORES DUNDAS TOWN (ABACO)

3 two bed, 1 bath fourplex 9,000 sq. ft., lot no.
18b with an area for a small shop. Age 12 years
the land is a portion of one of the Dundas Town
Crown Allotment parcels stretching from Forest
Drive to Front Street, being just under a quarter
acre in size and on the lowside. A concrete
block structure, with asphalt shingle roof and
L-shape in design with a total length of 70x26

} All that lot of land having an area of 7,389 sq.
| ft., being lot #1 of the Subdivision known as
| Western Shores -Phase Il, the said Subdivision
‘| situated in the Western District of New Providence,
Bahamas. Located on the subject property is a
single structure comprising of a single family
residence consisting of approximately 2,430 sq.
ft. of enclosed living space. The residence
comprises of 3-bedroom with closets, 2 1/2



bathrooms, living/dining rooms, study, kitchen, Se a ft, plus 50 x 22 ft., 2,920 sq. ft., the interior
utility room, porch and enclosed garage with electronic door. The land appears to be sufficiently . walls are concrete blocks, ceiling is sheet rock and the floors of vinyl tiles.
elevated to disallow the possibility of flooding during annual heavy rainy periods of the year. The
grounds are fairly well kept with improvements including driveway, walkway and swimming pool. < .
The yard is enclosed with walls. Appraisal: $265,225.00

Appraisal: $753,570.00

Traveling west on West Bay Street. Go pass Orange Hill and Indigo Subdivisions, the house is
located on the left near Tusculum Subdivision and painted all white.



LOT NO. 2 MORIGOLD FARM Property Located Westridge Estate

SUBDIVISION

All that lot of land having an area of approimately 5,638 sq. ft.
being lot No. 2 of the subdivision known as Marigold Farm
Subdivision, the said subdivision situated in the Eastern District
of New Providence and located Lumumba Lane North off Marigold
Road situated on the property is a 6year old single storey residence
consisting of 3 bedrooms, 2 & 1/2 bathrooms, living, dining, kitchen
and utility room. The Land is on a grade and level and appears
to be sufficiently elevated to disallow the possibility of flooding. The property is open from the front but has chain
linked fencing at the sides and back.

All that lot of land, being a portion of a larger tract of land. This
property is located about 400 ft off John F. Kennedy Drive, in the
immediate vicinity of Westride Estates. Situated on this property
4 is a triplex town house complex which commenced construction
in 1997. The Town house apartments consisting of on the ground
level entry porch, stairway alcove, living/dining areas, powder room
and kitchen. The upper level consists of upper stairway alcove, 2
beedrooms with closets 2 bathroom, upper balcony, bathrom
corridor and linen closets. The living space is approximately 5,146 sq. ft. The exterior consists a covered porch. The
land is at a grade level and site appears to be sufficiently elevated to disallow the possibility of flooding. The grounds
are fairly kept.The yard is enclosed with chain linked fencing at the back and two sides.

Appraisal i eee Traveling west on John F Kennedy Drive t sivprecanentam is eaten mere eT
Take Joe Farrington Road heading east, turn onto Marigold Farm Road go pass Marigold Farms, then turn right onto raveling west on John F Kennedy Drive turn right into Westridge and go to T Junction, turn left and the property is

Lumumba Lane, go almost to the middle of the corner and the subject property is about the eight house on the right about 200 ft on the left side of the street. #

VACANT PROPERTIES

Investment Opportunity - Must Sell - Lot B, Wilson Street, Rock Crusher





All that lot of land having an area of 10,498 sq ft, being lot B, between the subdivision known as Rock Crusher and in the vicinity of Perpall Tract situated in the western district
of New Providence, Bahamas. This property is zoned multi family/single family. Also located on this property is a structure comprising of a duplex at foundation level under
construction, and consisting of approximately 1,566 sq. ft. of enclosed living space with a patio consisting of 270, sq. ft. the starter bars are in place and foundation poured.

Appraisal: $97,214.00

Traveling West on Farrington Road take a right after the P.L.P. headquarters, go about midways through to Wilson Street, go though the corner all the way to the dead
end. The property is located behind the chain linked fence at the back of the yard.



Island Harbour Beach, Exuma

All that parcel or lot of vacant land containing 10,000 (80’X 100’) sq. ft. being Lot No. 9, Block 2, Island Harbour Beach Subdivision situated the western most portion of the Hermitage Estate, Little
Exuma Bahamas. The property is located on an unpaved road known as Stocking Road. The property also has a commanding view of the ocean.

Appraisal: $80,000.00



LOT NO. 10B, PALMETTO POINT

All that piece, parcel or lot of vacant land containing 9,000 sq. ft., and being Lot No. 10B situated North of Ingraham’'s Pond and Eastwardly of North Palmetto Point, on the island of Eleuthera, one
of the islands of the Commonwealth of the Bahamas, and is bounded and abutting as follows:- on the north by Lot No. 3B and running thereon for a distance of (90) ft; on the East by Lot No. 11B
and running thereon for a distance of (100) ft; on the south by a 20’ wide road reservation and running thereon (90) ft on the west by Lot No. 9B running thereon for a distance of (100) Ft, the said
Lot is overgrown with shrubs and is in close proximity of a white sandy beach. This neighborhood is zoned residential development and is quiet and peaceful with a topography of approximately
50{t and because of this there is no danger of flooding. The area is approximately 80% developed with all utilities and services available.

APPRAISAL: $72,000.00
MUTTON FISH POINT NORTH ELEUTHERA

All that piece, parcel or lot of vacant land containing 44,714 sq. ft., and designated “E” which forms a portion of land known as “Mutton Fish Point” situated about two miles northwestward of the
settlement of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth of The Bahamas, and is bounded and abutting as follows:- Northwardly by the land now or formerly
the property of Coridon Limited, and running thereon for a distance of 393.13 hundredth ft.; outwardly by a 30’ wide road reservation and running thereon for a distance of 402.57 hundredth ft;
eastwardly by the main Queen’s Highway and running thereon for a distance of 109.73 hundredth ft; westwardly by land now or formerly the property of Caridon Limited and running thereon for a
distance of 110.75 hundredth ft. this property having an area of approximately 44,714 sq. ft. this neighbourhood is zoned commercial/residential development and is quiet, peaceful and has a
topography of approximately 2 ft. with all utilities and services available.

APPRAISAL: $51,421.00



MUTTON FISH POINT NORTH ELEUTHERA

All that piece, parcel or tract of land containing 1 acre situated about two miles northwestward of the settlement of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth
of The Bahamas, and is bounded and abutting as follows:- Northwestwardly by the main Queens Highway and is running thereon for a distance of 125.462 feet northwestwardly by the land now
of formerly the property of Coridon Limited, and running thereon for a distance of 390.274 hundredth ft.; southwestwardly by a 30’ wide road reservation and running thereon for a distance of 128.128
hundredth ft; southeastwardly by the land now or formerly the property of the Venor and running thereon for a distance of 322.955 hundredth ft. This property having an area of approximately
44,847.76 sq. ft. This neighbourhood is zoned commercial development and is quiet and peaceful with a topography of approximately 2 ft. with all utilities and services available.

APPRAISAL: $51,421.00

This lot is vacant land and is located in the area known as “Mutton Fish Point”

re —_ MUTTON FISH POINT NORTH ELEUTHERA

All that piece, parcel or lot of vacant land and improvements containing approximately 44,587 sq. ft. and designated “F” which forms a portion of land known as “Mutton Fish Point” situated about
two miles northwestward of the settlement of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth of The Bahamas, and bounded and abutting as follows:- Northwardly
by the land now or formerly the property of Coridon Limited, and running thereon for a distance of 383.56 hundredth ft; southwardly by land now or formerly the property of Caridon Limited and
running thereon for a distance of 393-19 hundredth ft. eastwardly by the main Queen’s Highway and running thereon for a distance of 113.40 hundredth ft. westwardly by land now or formerly the
property of Coridon Limited and running thereon for a distance of 113.40 hundredth ft. this neighbourhood is zoned commercial/residential development and is quiet, peaceful and has a topography

of approximately 2 ft. with all utilities and services available.
APPRAISAL: $51,276.00





Py | For conditions of sale and other information contact 3
Philip White @ 502-3077 email philip.white@scotiabank.com or Harry Collie @ 502-3034 ¢ email harry.collie@scotiabank.com * Fax 356-3851



To view properties go to: www.stopnshopbahamas.com - Click on “Real Estate Mall” - Click on doorway “Enter Online Store”

ao
LAL DIL PLL MTT NY TF OF CITA
THE TRIBUNE

INVESTMENT OPPORTUNITY

NEW PROVIDENCE



LOT No. 21B FRASER ALLOTMENT
OFF SOLDIER ROAD

si cine $258,000.00

The subject property
con-sisting of 8,400
. square feet is
< developed with a
split leveled home
with 1925 square
feet of floor area on
the ground floor, a
porch area of 437
square feet and
second floor area of
735 square feet. The
building is of sound
construction and
‘ campleted = in its
entirety. The ground floor comprises 2 edn prias one bath, a kitchen,
dining and family room. The second floor comprises two bedrooms, one
bath, living and dining areas.



Directions to property: Heading East on Soldier, turn left onto first paved
road opposite Lowes Wholesale, 2nd to last house on the road with
chain linked fence.



SANDYPORT

All that lot of land having an area of 9,626 square feet, being lot number 40,
of the subdivision known as SandyPort, situate in the Western District of
New Providence. The property is irregular in shape, is on a level grade and
zoned as single family residential. An electrical connection outlet is located
near the property. The property is located on Sandy Port Drive just on the
bend before Governor’s Cay on the Southern Side of the road.

Appraisal: $300,000.00


















No. 17 WESTRIDGE ESTATES Appraisal: $930,000.00

All that lot of land having an
area of 30000 square feet,
being lot Number 17 of the
subdivision known as
Westridge Estates Addition.
Situate in the Western District

on the island of New
. Providence.
‘ Located on the = subject
property is a newly
constructed single story



deck of living space with a three Car Garage.

The building is 75% completed and comprises five bedrooms, four and a
half baths study, living/dining, family room, kitchen, laundry and
generator room.

Location: From SuperValue West Bay, take the road heading west into
Westridge, take the first corner on the Right, Westridge Drive. Subject
property will be about the seventh on the right hand side of the road.

FREEPORT

FAIRWAY MANOR CONDOMINIUM Appraisal: $73,000.00



Apartment 402, 2 bedrooms, 2 bathrooms.
Lot 4, Block GN, Edward Birch Curt, Bahamian North

PAOHPAHHHOREHERHHFOHHEHEHRE HALOS

LOT 188 SCOTT AVE, EAST SECTION 1 SUBDIVISION,
FREEPORT, GRAND BAHAMA

Appraisal: $140,000.00

The subject lot is
approximately 12,322 square
s feet. Situated on this
| property is a single story
| single family dwelling of
| 2,800 square feet of living
i space. This includes a small
) front porch, a large foyer, a
“sunken living room with
fireplace and chimney, a
_ dining area, a_ full service
kitchen, a “family. room with adjoining laundry and storage room. A
hallway with linen closets, a hallway bathroom. Three auxillary bedraoms
with closets and a master bedroom with walk-in closet and private
bathroom.

































structure comprising 6,000"





THURSDAY, SEPTEMBER 20, 2007, PAGE 7B

FREEPORT



GREENING GLADE SUBDIVISION Appraisal: $75,000.00
All that piece parcel and lot of land described as lot 7 block 21,

Albacore Drive, Victoria Place and Mid Chipman Road, Unit 2,
Greening Glade Subdivision, Freeport, Grand Bahama. The lot
contains 20,580 sq. ft. and zoned as multi-family residential.














DERBY
UNIT 3, BLOCK 10, LOT 11 (CANAL LOT)
FREEPORT, GRAND BAHAMA Appraisal: $96,000.00

All that piece, parcel or lot land being Block 10, Lot 11 of Derby
Subdivision. The land is vacant, rectangular in shape, on level
ground and is on a canal. Contains approximately 11,250 sq. ft.
and is in a single family residential area.



FAMILY ISLANDS

ABACO Appraisal: $108,000.00

PORTION OF MURPHY TOWN CROWN
ALLOTMENT, MURPHY TOWN, ABACO.

_ The property is 89 x 100 ft
and rectangular in shape.
The land is elevated
} approximately 15 ft above
road level and
approximately 25 ft above
' sea level. Located on this
, property is a twenty-year-
bedroom, two
living, dining,

requires much



kitchen and laundry room house. The structure
attention.

POSHSOSHATOHHSSSHSSOHHTOSTVOH RES

EXUMA. Appraisal: $673,075.00

CASTELRAG ESTATES, LOTS 129 & 130
EXUMA HARBOUR SUBDIVISION

\ The subject property is located
ce Kingway Road and_ is
developed with an area of
. 20,000 square feet. Situated
Nthereon is a residence
comprised of 3,645 square feet
“of living accommodations,
: inclusive of 4 bedrooms, 2

\\ baths, with laundry and utility
‘ spaces and a two bedroom one
aul bath guest cottage of 600
\ ~ square feet. The property is
* fenced with white picket

fencing and has a Gazebo at the highest portion of the property.






WOOT

WN SS \
ae 8

BAHAMA SOUND 10,

EXUMA Appraisal: $20,000.00
All that piece, parcel or lots 12571 and 12572, Bahama Sound of Exuma
10, total area of 20,000 square feet. Bahama Sound is a sudivision

situate at the southwestern portion of the Forest Estate between the
settlements of Southside and Richmond Hill, Great Exuma, Bahamas.

TO VIEW PROPERTIES



www.atapnahopbahans ail
Click on “Real Estate Mall” -
Click On Doorway
“Enter Online Store”

FOR CONDITIONS OF SALE AND ANY OTHER INFORMATION fete] yg \ om
HARRY COLLIE @ 502-3034
tut LL harry.collie@scotiabank.com

or |
PHILIP WHITE @ 502-3077

E-mail philipwhite@scotiabank.com |



Fax: 356-3851 - send bids to P. O. Box N-7518 Rosetta Street, Nassau, Bahamas |

)
PAGE 8B, THURSDAY SEPTEMBER 20, 2U0/ |THE Vials



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UR CREAM.............91.99

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THE TRIBUNE

THURSDAY, SEPTEMBER 20, 2007, PAGE 96°



LONDON (AP) — Euro-

pean and Asian stock markets
rallied Wednesday in the wake
of Wall Street’s surge spurred
by the United States Federal
Reserve’s larger-than-expected
interest rate cul.

Key market indicators in
Britain, France and Germany
each rose more than two per
cent after even bigger gains in
Japan and Hong Kong.

Investors cheered the Fed’s
decision on Tuesday to cut its
benchmark interest rate by a
half percentage point to 4.75
per cent, a move aimed at keep-
ing problems in the mortgage
market from causing a reces-
sion in the US economy — a key
export market for many Asian
and European companies.

“They did the right thing,”
Joseph Han, a strategist at Dae-
woo Securities Co. in Seoul, said
of the Fed’s aggressive cut.
Many analysts expected a quar-
ter-point reduction in the fed
funds rate.

After Tuesday’s rate cut, the
Dow Jones industrial average
posted its biggest one-day point
gain in nearly five years — a
surge of 335.97 points. In mid-
morning trading Wednesday,
the index gained another 89.58
points to 13,828.97.

In afternoon trading in
Europe, Britain’s benchmark
FTSE 100 rose 2.7 per cent to














BETTER HOME SHOWER CURTAIN SETS

BUSINESS

Stock markets
rise worldwide
after the Fed cuts
key interest rates

@ By TOBY ANDERSON
AP Business Writer

6,453.70. Germany’s Dax gained
2.1 per cent to 7,737.27 and
France’s CAC-40 climbed 2.9
per cent to 5,707.37.

Earlier in Asia, Japan’s
benchmark Nikkei 225 stock
index soared 579.74 points, or
3.7 per cent, to close at
16,381.54 points, marking its
biggest point gain in more than
five years. Hong Kong’s Hang
Seng index jumped 977.79
points, or 3.98 per cent, to
25,554.64.

Shares in India hit an all-time
high, as the Bombay Stock
Exchange’s 30-share Sensex
surged 654 points, or 4.2 per
cent, to 16,323.

Stock markets in South
Korea, Australia and Singapore
also advanced, although Chi-
nese shares faltered.

Kaoru Yosano, Japan’s chief
government spokesman, wel-
comed the Fed’s decision.

“They have reacted very
quickly to the realities,” he told
reporters,

On Wednesday, the Bank of
Japan decided to leave its key
interest rate unchanged at 0.5
per cent, as widely expected.

The world’s central banks like
to show they are working
together to maintain global sta-
bility, and the Bank of Japan
would find it hard to raise rates
at a time the US central bank is
cutting them.

Asian Development Bank
President Haruhiko Kuroda
said the US rate cut will benefit

Beo BATH & HOME

SURF V Se): Elsa RPA eS Ua) ASh tan] ee
Located: Harbour Bay Shopping Center )

Asia’s emerging economies.

“It will definitely sustain the
strong economic growth in the
US, which is beneficial to
emerging economies in Asia,”
he said in Manila at a news con-
ference at a forum sponsored
by the World Trade Organisa-
tion.

Oil prices rose as well
Wednesday as the rate cut lifted
expectations growth will acccl-
erate and increase demand for
already tight crude and Baso;
line supplies.

Light, sweet crude for Octo-
ber delivery rose 64 cents to
$82.15 a barrel on the New
York Mercantile Exchange
after hitting a new trading high
of $82.51 earlier.

But higher oil prices couid
spur inflation just as the Fed is
cutting rates, warned Jose Vis-
tan, research head at AB Capi-
tal Securities in Manila.

“The Fed decision could
backfire because we are in the
midst of rising commodity
prices, particularly energy, oil
prices rising to record levels,”
he said. ;

For now, investors are
relieved that the Fed acted to
ease pressure in credit markets,

e Associated Press writers
Teresa Cerojano in Manila, Kel-
ly Olsen in Seoul and Yuri
Kageyama in Tokyo and AP
Business Writer Tim Paradis in
New York contributed to this
story.




53529

We a










Sos 4 72
Ph: 393-4440 or 393-4448
MMAR RTE NE

ti REDRIGIRG e E re a een Heth TH ee be WARNED et MIRO 44 Bde lah ye ARO HL }
!
\!
PAGE 10B, THURSDAY, SEPTEMBER 20, 2007



ENTIRELY FREE!
You Will Learn...

* Why the Bible was written * Why the Bible is not a work of fiction

* Where the Bible came from * How to use cross references ,

+ Tips on effective Bible reading ° The differences in Bible versious

* How the Bible interprets itself * How to use a concordance and lexicon

* History and Chronology in the Bible + A simple Bible reading plan to get you

* Bible Versions - what they are and through the whole Bible in t year
how to usé them

September 25, 26, 27 (7:00-9:00pm)

Venue
New Providence Community Centre on Blake Road.

Registration: provide name, phone number and email address(if possible)
(1) Email to: biblereadingseminar@yahoo.ca
(2) Or call Penny: 325-3177 es
(3) Or mail information to: P.O. Box N-993, Nassau,






*



s



B

* All expenses are paid for by the
Christadelphian Bible Mission of Canada.



* Light refreshments are served
throughout the seminar.

* Vaterials inchuled

THE TRIBUNE

[EE TST
BISX chief ‘feartul’ on

public sector debt miss

FROM page 1

Bahamas and public sector for
some two-and-a-half years.

It was left for the former
FNM government to pick up
when it arrived in office. and
Zhivargo Laing, minister of
state for finance, said the issue
of listing government debt
securities on BISX was “a mat-
ter under consideration”

Meanwhile, Mr Davies said
BISX was working with the
Bahamas Institute of Char-
tered Accountants (BICA) to
develop a “tempiac
ing quarterly and atmiual fan
cial results filings by BISX-list-
ed stocks, and what these
would contain,

“BISX has fully cngaged
BICA with respect to creating

povert:









‘Law practice

a template for quarterly and
annual filings for its listed
issuers,” the BISX chief exec-
utive added.

“We are working with them
on a schedule to our Rules that
will lay out the regulations for
quarterly and annual filings.

“It’s making sure the termi-
nology is correct, the type of
information we ask for is cor-
rect, bearing in mind the dif-
ferent industries we have on
BISX, and creates a list of
additional items we would wish
to see in their filings.”

Mr Davies said it made
scuse for the exchange to draw
on BICA’s expertise, given
that its members audited BISX
issuers and other Bahamas-
based companies on an almost
daily basis.

He declined to comment on

GLINTON | SWEETING | O’BRIEN '

COUNSEL & ATTORNEY S-AT-LAW
303 SHIRLEY STREET | PO BOX N-492

NASSAU, NEW PROVIDENCE | THE BAHAMAS

( 242.328.3500 | f 242.328.8008 | www.gsolegal.com

Temporary Vacancy

seeks energetic individual to perform basic accounting,
invoicing and receipting activities through a computerized time and billing
system. Applicants should have at least two years of general bookkeeping
experience. Also, an Associates Degree from an accredited academic institution is
preferred although not required.

The successful candidate will receive a competitive salary based on his or
her qualifications and on the job training. The engagement is expected to
last four to five months only, but may materialize into a permanent position.

Interested applicants may forward their curriculum vitas together with
copies of all degrees and certificates earned to our offices by either facsimile

whether the amendments to
the BISX Rules would opt for
60-day and 90-day timelines
for companies to file their
quarterly and annual financials,
as had previously been pro-
posed.

Mr Davies said a decision
had been made, but this had
to be ratified by BISX’s Board
of Directors and the Securities
Commission of the Bahamas.

Among the proposed
changes were giving BISX’s
listings committee the ability
to disqualify listed equities’
directors; the requirement for
all BISX issuers to make all
material disclosures to a new
BISX department, called the
Companies Announcements
Office; and expanded sanctions
powers for the BISX Listings
Committee.



at 328-8008 or e-mail at dglinton@ gsolegal.com addressed to the attention of
Mrs. Dominique Glinton. All applications will be treated as confidential.









. ex 36
RA BPS Ay
SN ak
Ws ALE coe
Ge epee

43 ¢
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important to me. The Tribune is my newspaper.”

The Tnbune

ae

“Toformative. | can be sure to read something of value in The Tribune. It is filled with
o

information about local news, sports, entertainment and world news — subjects that are

JASON RAHMING
CONSTRUCTION FOREMAN


THE TRIBUNE

THURSDAY, SEPTEMBER 20, 2007, PAGE 11B



Morgan Stanley

third-quarter profit
sinks as credit crisis |
impacts bottom line |

@ By JOE BEL BRUNO
AP Business Writer

NEW YORK (AP) — Mor-
gan Stanley on Wednesday
reported third-quarter profit
sank 17 per cent, as the No. 2
United States investment bank
was forced to write down near-
ly $1 billion worth of loans
amid the summer’s global cred-
it crisis. ;

Morgan Stanley, like others
on Wall Street, was squeezed
as borrowers with poor credit
histories defaulted on home-
loan payments at an alarming

rate. This curbed investor .

appetite for everything from
mortgage-backed bonds to
loans for corporate buyouts.

It was the New York-based
investment bank’s first drop in
earnings under Chief Execu-
tive John Mack, and follows a
smaller-than-expected decline
in profits from rival Lehman
Brothers Holdings Inc. on
Tuesday.

“This was an abnormal mar-
ket with incredibly poor liq-
uidity and many poorly per-
forming hedges,” Chief Finan-
cial Officer David Sidwell said
in an interview. “I think given
the extraordinarily difficult
markets, we actually per-
formed OK — and we view our-
selves as very well positioned
to take advantage of opportu-
nities that arise as the markets
settle down.”

Profits fell to $1.54 billion,
or $1.44 per share, from $1.85

billion, or $1.75 per share, in

the year-ago period. This
year’s third quarter included
only one month of results from
Discover Financial Services,
which split from Morgan Stan-
ley in June.

Stripping out the credit-card
unit, profit fell to $1.47 billion,
or $1.38 per share, from $1.59
billion, or $1.50 per share.
Stronger equity trading and
investment banking fees
helped drive revenue up to
$7.96 billion from $7.06 billion
a year earlier.

However, that still was not
enough to beat Wall Street
projections for a profit of $1.54
per share on $8.35 billion of
revenue, according to analysts
polled by Thomson Financial.

While equity-trading rev-
enue rose 16 per cent to $1.8
billion, it included a $480 mil-
lion loss from quantitative
investments. These positions,
which use computer models to
automatically decide when to
buy and sell stocks, became a
problem for Wall Street this
summer because of the big —
and often sudden — stock mar-
ket swings.

The company also said it saw
losses of $940 million in the
quarter from the decreased
market value of loans on its
books as well as other financ-
ing commitments.

Investment banking was
among the bright spots: rev-
enue from the business surged
45 per cent to $1.4 billion,
though most of those deals
occurred before the third quar-

ter.

Morgan Stanley shares rose
48 cents to $68.99 in morning
trading.

The stock has tumbled 24
per cent since the end of the
second quarter, as financial
services firms were squeezed
by defaults in mortgage posi-
tions and a tightening credit
environment.

It is the second of four
investment banks to report
results this week. On Tuesday,
Lehman posted a decline in
profits that was smaller than
had been expected.

Goldman Sachs and Bear
Stearns report their results on
Thursday.

Mack, who returned as CEO
in mid-2005, was given a man-
date to help put the investment
bank on track after languishing
just a few years ago. Among

his biggest objectives was to”

increase the company’s prime
brokerage and asset manage-
ment business, and expand
investment banking operations
both in the US and overseas.
The company also had less
exposure than peers to the
market for originating mort-
gages to people with spotty
credit. It arrived late to Wall
Street’s push to originate sub-
prime loans after it bought
Saxon Capital Inc. for $705

* million.

In addition to being a lender,
Saxon services home loans —
collecting payments, maintain-
ing records and foreclosing on
delinquent borrowers.

CFA Society of The Bahamas

2007/2008 Officers & Directors

President
Kristina M. Fox, CFA

Email: kfox@coralwave.com

Vice-President

David Ramirez, CFA

Pictet Bank & Trust Ltd.

PO Box N-4873, Nassau Bahamas
Ph: (242) 302 2217

Fax: (242) 327 6610
Email:dramirez@pictet.com

Treasurer

Christopher Dorsett, CFA

Citigroup Corporate & Investment Bank

PO Box N 8158, Nassau, Bahamas

Ph: (242) 302 8668

Fax: (242) 302 8569

Email: Christopher.a.dorsett(@citigroup.com

Secretary
Sonia Beneby, CFA
ScotiaTrust
PO Box N 3016, Nassau, Bahamas
Ph: (242) 502 5700
. Fax: (242) 326 0991

Email: sonia.beneby@scotiatrust.com

Programming

Karen Pinder, CFA

EFG Bank & Trust (Bahamas) Ltd.
PO Box SS 6289, Nassau, Bahamas
Ph: (242) 502 5400

Fax: (242) 502 5428

Email: karen.pinder(@efgbank.com

Education

Pamela Musgrove, CFA

Colina Financial Advisors, Ltd.

PO Box CB 12407, Nassau, Bahamas
Ph: (242) 502 7008

Fax: (242) 356 3677

Email: pmusgrove(wefal.com

Warren Pustam

Pictet Bank & Trust Ltd.

PO Box N-4873, Nassau Bahamas
Ph: (242) 302 2222

Fax: (242) 327 6614

Email: w_pustam@hotmail.com

Membership

Geneen Riviere

Pearl Investment Management Limited
PO Box N 4930, Nassau, Bahamas

Ph: (242) 502 8022

Fax: (242) 502 8008

Email: geneen.riviere(@pearl-investment-
management.com

Past President

David Slatter, CFA

KPMG

PO Box N-123, Nassau, Bahamas
Ph: (242) 393 2007

Email: dslatter@@kpmy.com.bs

A

PROFESSIONAL
DEVELOPMENT
QUALIFIED ACTIVITY



MONTHLY SPEAKER / WEBCAST EVENT

Topic:
Date:
Time:

6:00 pm
6:30 pm

Location: Luciano’s of Chicago
Cagliari Room

East Bay Street

Webcast
Jim Walker
Chief Economist

Presentation:

China’s Economy: Structural Strength, Cyclical Weakness

Thursday, September 27" 2007

Cocktail Reception (Hors d’Oeuvres)
Webcast
Please arrive promptly!

CLSA Asia-Pacific Markets

Members $25.00
Non-Members $35.00

(If paying by cheque, please make cheque payable to: CFA

Society of The Bahamas)

Reservations:
September 25, 2007
Karen Pinder, CFA

PRE-REGISTRATION REQUIRED - by Tuesday

karen.pinder@efgbank.com
*Prepayment required through one of the Board Members



In this presentation, Jim Walker discusses the long-term growth outlook for

China. He will speak about the drivers of this growth including: Private
property rights and market signals. In addition, reasons for short-term market

concems will be reviewed,

Jim Walker is chief economist at CLSA Asia-Pacific Markets. Previously, he
worked as a research fellow at the Fraser of Allandder Institute and then at the
Royal Bank of Scotland, where he was responsible for coverage of the oil

industry and the U.S. economy.

Well known as “Dr. Jim,” Dr. Walker has been named the Best Economist for
Asia for 11 consecutive years in the Asiamoney Brokers Poll. He is best
known for his coverage of Hong Kong and China and is widely recognized as
one of the first to predict the 1997 Asian crisis. Dr. Walker received a BA and
PhD in economics from the University of Strathclyde, Glasgow.




















SURE eit h ct cauchimnt



Position: WARDEN:



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#57 Collins Avenue
328-0264 / 328--0257





Employment Opportunities _

The Clifton Heritage Authority is seeking the services of persons to filk the
following positions at the Clifton National Park:

Park wardens have significant responsibilities in visitor services, Resour:
management and the provision of the interpretative services.

Duties/Responsibilities:

°

°

.
Assists with monitoring the activities at the park to ensure the proper usc 0!
the facilities.

Assists with the facilitation of tours at the site, school programs and spec! 1!
events.

Implements resource management techniques required to manage and resioic
natural and cultural resources including exotic plant and animal removal
native plant restoration, erosion control and prevention of historic stiuctur
remains and archacological sites.

Properly uses herbicides and other chemicals in conjunction with tic
maintenance team. =
Provides emergency assistance.

Assist with any other duties assigned.

Post Qualifications:

°

Minimum of 3 BGCSE’s or 5 BJC’s

Have sound knowledge of security techniques.
Police vetting is a requirement

‘Trainable and preparedness to be trained.
Graduate of the Bahamas Host Program is a plus

Position: Maintenance Worker

Responsible for the daily maintenance and upkeep of the grounds and facile.
of the Clifton Heritage Park.



Duties/Responsibilities

Ensures the daily maintenance and upkeep of the grounds of the Chilton
Heritage Park, facility cleaning, facility repairs and maintenance, and natural
and cultural resource management as directed.

oO

oO

Removal of debris and other identified plants.

Cleans and properly stores all tools, vehicles and equipment,
Constructs, maintains and repairs building and structures, including
plumbing, wiring and painting.s

Post Qualifications:

oO

°

fe}

Minimum of 3 BIC's
Ability to operate general landscaping equipment
Trainable and preparedness to be trained
Applications are available at the Authority’s Office Colins Avene,
Telephone contact 325-1505.

\\
PAGE 12B, THURSDAY, SEPTEMBER 20, 2007 THE TRIBUNE

City Markets
owner invests
$4.4m in chain
over a year

FROM page 1



kets shoppers:in Grand >
Bahama and New Providence.
future of the company. “We listened to what they said

“You can see it in the faces and we are doing everything
of the staff, you can see iton = we can to make sure that we
customers’ expressions,” said provide the best possible shop-
Mr Burns. “They know that — ping experience. The compa-
we are in the process of chang- ny is excited about the future
ing and we are attuned to their and the direction we are going
requests.” to better serve our customers,

A tew months ago, they sur- employees and shareholders,”
veyed thousands of City Mar- Mr Burns added.



Legal Notice



NOTICE

INTERNATIONAL BUSINESS COMPANIES
ACT
(No.45 of 2000)

‘DENBERRY LIMITED

In Voluntary liquidation

“Notice is hereby given that in accordance with Section 137
(4) of the International Business Companies Act (No. 45 of
2000), DENBERRY LIMITED is in Dissolution.”

The date of commencement of dissolution is the
4th day of September, 2007.

Ss

VM al Ld ti City Markets shows off the firm’s new scanner.



ober hip urea For the stories behind the news, NOTICE

He Jr $5 sit NASSAU ESUANAS Sao Oo
; ; , is applying to the

Channel Islands reatl Insight Onl Mondays Minister responsible for Nationality and Citizenship, for
Liquidator registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight days

a from the 13TH day of SEPTEMBER, 2007 to the Minister

Te meet the challenge of operating our growing business, we wish to recruit a: oe een and Citizenship, P.O.Box N-7147,

Portfolio Manager
. NOTICE

Main responsibilities — Management of discretionary portfolios according to the Bank's quidelines





— Conduct appropriate investment research and analysis NOTICE is hereby given that ITALIA ANNESTIN #28 YOUNG

; — Review portfolio performance HUSBAND, GENERAL DELIVERY, FREEPORT, GRAND BAHAMA,
— Evaluate, control and minimize the risk of the portfolios BAHAMAS, is applying to the Minister responsible for Nationality

~ Assist with the administration and operations of the Bank and Citizenship, for registration/naturalization as a citizen of The

Bahamas, and that any person who knows any reason why

Ideal profile ~ Several years experience as a portfolio manager registration/ naturalization should not be granted, should send a
"Fluent in English and French written and signed statement of the facts within twenty-eight days

from the 18TH day of SEPTEMBER, 2007 to the Minister responsible
for Nationality and Citizenship, P-O.Box F-41085, Grand Bahama,
Bahamas.

— Higher education
~— Dynamic and proactive personality

What we offer — The opportunity to play an active role in the success of an innovative bank
— The chance to work within a dynamic and motivated team

~ An attractive remuneration package which provides incentives based on results N OT C =
— Competitive welfare benefits

NOTICE is hereby given that ALBERTO CICERON
of MEADOW STREET, P.O. BOX NP-4388, NASSAU,
BAHAMAS, is applying to the Minister responsible for
‘ Nationality and Citizenship, for registration/naturalization as a
citizen of The Bahamas, and that any person who knows any
reason why registration/ naturalization should not be granted,
should send a written and signed statement of the facts within
twenty-eight days from the 20TH day of SEPTEMBER, 2007
to the Minister responsible for Nationality and Citizenship,
P.O.Box N-.7147, Nassau, Bahamas.

NOTICE is hereby given that DELENO A. LIGHTBOURNE
OF HOLMES ROCK, GENERAL DELIVERY, GRAND
BAHAMA, BAHAMAS, is applying to the Minister responsible
for Nationality and Citizenship, for registration/naturalization

as a citizen of The Bahamas, and that any person who
knows any reason why registration/ naturalization should

Please send your resume and reference to: betsy.morris@syzbank.com
SYZ & CO Bank & Trust LTD. | Tel: (+1 242) 327 66 33 : *
Bayside Executive Park | P.O. Box N ~1089 | Nassau, Bahamas www.syzbank.com

Private Banking rd ee |
OYSTER Funds rt O

a iad seien an aNiectulea es Created to perform






=) FIDELITY

BISk

Pricing Information As Of:
Tuesday, 18 September 2007





WiSit WWW.BISXBAHAMAS.COM FOR MORE DATA & INFORMATION
.75 1 GHG 00.08 | %CHG 00.00 / YTD 215.56 / YTD % 12.86






not be granted, should send a written and signed statement





152wk-Hi 52wk-Low Security Previous Close Today's Close Change Daily Vol. EPS $ Div $ P/E thi j ~

1.78 0.54 Abaco Markets . 1.60 160 0 00 0.094 0.000 17.0 0 00% of the facts within twenty-eight days from the 20TH day of
fii.74 11.90 Bahamas Property Fund 11.70 11.70 0.00 1 527 0 400 77 3.42% September, 2007 to the Minister responsible for Nationality
9.55 7.50 Bank of Bahamas 9.55 955 0.00 0733 0 260 13.0 2.72% it] i r S
j0.85 0.70 Benchmark 0.85 0 85 0 00 0.048 0 020 177 2 35% and Citizenship, P.O.Box N-7147, Freeport, Bahamas
3.74 1:52 Bahamas Waste 3.73 3.73 000 0279 0 O6GO 124 16%




1.62 1.20 Fidelity Bank 1.62 162 0 00 . 0 0G4 0 040 253 2 4T%
#11.00 9.40 Cable Bahamas 11.02 11 02 0.00 0 996 O 240 114 2 18%
3.15 1.80 Colina Holdings 3.15 3.15 0.00 0 208 0 080 Hd 2 >
J15.83 11.50 Commonwealth Bank 15.83 15.83 0.00 1190 O G80 133 4.30% N i i oa
7.22 4.70 Consolidated Water BDRs 5.62 §.70 008 O112 0.050 50 3 0 89%
2.76 2.20 Doctor's Hospital 235 2.35 0 00 10,500 0.284 0 000 83 0.00% :
6.40 5.54 Famguard 6.18 618 0.00 0.804 0 240 77 3.88% NOTICE is hereby given that WIDEMAX FLEUREMY
12.79 11.51 Finco 12.79 12.79 0 00 0768 0570 167 4 46%
#1470 13.76 FirstCaribbean 14.70 14.70 0 00 0977 0.470 14.6 3.20% of BLUE HILL ROAD, P.O. BOX SS-1 9753, NASSAU,
je r° ose Eel) 6.10 6 10 0 00 0364 0133 167 217% BAHAMAS, is applying to the Minister responsible for
K 5 Freeport Concrete 0.70 070 0.00 : 0.415 0 000 N/M 0.00% . : iti : os j 4 raj j
a hg Se FGh 6 co Uaintice a 7.25 6.00 0411 0200 176 Bae: Nationality and Citizenship, for registration/naturalization as a
10.05 8.52 J. §. Johnson 10.05 10.05 0.00 0.946 0 580 10.6 5.77% citizen of The Bahamas, and that any person who knows any

1000 10.00 Premier Real Estate 10.00 40.00 0.00 1167 0 60O 86 6 00%
; i Fidelity Over-The-Counter Securities ‘



reason why registration/ naturalization should not be granted,



[S2wk-Hi___52wk-Low “symbol CBS Ask $ Last Price Weekly Vol. EPS$ _Div$___PIE Yield should send a written and signed statement of the facts within
14.60 14.25 Bahamas Supermarkets 14 60 15 GO 16 00 1.125 1 485 13.9 10.17% ;

8.00 6.00 Caribbean Crossings (Pref) 6 00 6.25 6.00 0.000 0 480 NM 7 80% twenty-eight days from the 20TH day of SEPTEMBER, 2007
0.64 oldings gf 3® Q 40 0.20 0020 of O00. a IM 0.00% } to the Minister responsible for Nationality and Citizenship,




Colina Ovar-The-Counter Securities

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



ABDAB : 41.00 43,00 41.00 4450 2 750 90 670%

41.00 41.00
14.60 14.00 Bahamas Supermarkets 14.60 15 50 14.00 1195 1485 12.6 10 17%
O45 055 OAS 0 030 G OOU N/M O 00%



055 — : oO 40 RND Holdin
ee BISX Listed Mutual Funds

og wicHt Bawicbow Fund Name. NAV WTO, East i2 Months Bly § Yield %
H1 3566 12828 Colina Money Market Fund 1 356630*
3.3402 2.9449 _— Fidelity Bahamas G & | Fund 3.340








A? pees 2.4606 Colina MSI Preferred Fund 2 886936***
ee Ae need een Boe eae Fund ree NOTICE is hereby given that PHILOMENE GULCE OF MIAMI
" LE ee ie FINDEX: CLOSE 855.71 / YTD 19.21% / 2006 34.47% < STREET, NASSAU, BAHAMAS, is applying to the Minister
oc ee MARKET TERMS YIELD last 12 momh uiviloncis cividnd by clown prc NAV KEY responsible for Nationality and Citizenship, for
sa WhcLowW:: Lowusk closing tice in leat S2 weeks AL oxi ealinnn Ghoa aleiaitec tad Falulny cig tutte sts registration/naturalization as a citizen of The Bahamas, and
fede accra ee ene ees ea oath” ee ee ae oS ae 200 Sten a aceon nou
Change | Change in closing price from day to day Bag > Ahicariie ienaiicasGarminga hak alarS Torna eee ase aanuaeor naturalization should not be granted, should send a written
Dally Vel. NUN ete ate ease NAV - Hot Asset Voie and signed statement of the facts within twenty-eight days

{PPI Closing price divided by the last 12 month earnings IDEN ie itieati Rialnai Abe SiGe Salo GAMMA eaL aba 760 from the 13TH day of SEPTEMBER, 2007 to the Minister

responsible for Nationality and Citizenship, P.O.Box N-7147,
Nassau, Bahamas.

(S) - 4-for-1 Stock Split - Effective Date 8/8/2007



TO TRADE CALL: GOLINA 242.502.7010 / FIDELITY 242-356-7764 / FOR MORE DATA & INFORMATION CALL (242) 394-2503

{ ( .
THE TRIBUNE

THURSDAY, SEPTEMBER 20, 2007, PAGE 13B

ENS



Honeywell to provide mechanical

@ By DONNA BORAK
AP Business Writer



WASHINGTON (AP) —
Industrial conglomerate Hon-
eywell International Inc. said
Wednesday it will provide the
‘major mechanical systems for
Airbus’s new long-range, wide-
body A350 aircraft, under a
contract expected to generate
more than $16 billion in rev-
enue over 20 to 25 years.

Honeywell said the contract
is the largest systems and
equipment package Airbus has
awarded to date on this pro-
gramme.

As part of the deal, Honey-
well will design and build an
auxiliary power unit and other

equipment that supply pneu-
matic and electric power for
the aircraft while on the
ground or in-flight.

The company will also build
systems to manage all of the
air used on the aircraft for
environmental control, includ-
ing cabin heating, cooling and
pressurization.

The A3SO0XWB family is
Airbus plan fora series of effi-
cient, medium-capacity, long-
range wide-body aircraft. With
a range of up to 15,400 kilo-
meters (9,569 miles), it is avail-
able in three basic passenger
versions: the A350-800 accom-
modating 270 passengers, the
A350-900 seating 314, and the
A350-1000 for 350 passengers.

Total firm orders and com-
mitments for the A350XWB
stand at 254 aircraft, including
154 firm orders and 100 com
mitments. The Airbus aircratt
is scheduled to hit the market
about five years after rival
Boeing Co.’s new mid-size,
longhaul 787 jetliner. To date,
Boeing has received 706 orders
for the 787. The plane ts sold
out through late 2013.

Earlier this month, Boeing
executives Said flight testing
on the 787 would be delayed
until mid-November or mid-
December, three months lat-
er than originally expected.
The company insists they will
remain on track to deliver the
first plane on time to Japan’s
All Nippon Airways in May,
pending any problems that
arise out of testing.

Honeywell has had a long-
standing commercial relation-
ship with Airbus, making
everything from avionics sys-



rT THIS file artist rendition released by. Airbus industry, an’A 350 jetliner KS Ress

computers to brakes, and with
recent changes to the aircraft it
is expecting future opportuni-
ties.

“Historically, Airbus would
have had a lot of this done in-

house.” said Rob Gillette,
president and chief executive
of Honeywell's aerospace divi-
sion. But under this contract,
Honeywell will be responsible
for managing the suppliers for











FEO HP AHI Ses















the position of

QuickBooks.



Requirements:

eae GB A sh. te ae a Bt a

CACIQUE

Cacique International Ltd. with over 10 years ot
outstanding service in destination management
and event planning invites applicants to apply for

Financial Controller

General: Applicants should be have excellent
time management skills and be proficient in

¢ Bachelors Degree in Finance or equivalent

~~



tems to flight management













¢ CPA preferred




Remuneration:
Comparative salary range plus excellent benefits
package inclusive of health insurance.

INSIGHT
For the Peat
PTs te
Pew
ol Mondays




Interested please should submit resumes to the
following addresses on or before September 28th
2007:
Director of Human Resources
P.O. Box N-4941
Nassau, Bahamas
Or email: jbeneby @caciqueintl.com












Constants fad



Insurance Brokers & Benefit

RACQUEL CHEA

is no longer employed by Lampkin &
Company and is not authorized to
con.iict business on our behalt.



wv friendly, professional and
iigeable service continues...F eel
io contact us for assistance!

know:
fi TEC

Phone: (242) 325-0850 ° Fax: (242) 326-8024
12 Montrose Avenue ¢ P.O. Box EE-15280







a major system within the air-
craft. he ¢

Honeywell’s facilities in
Phoenix and Torrance, Cali-
fornia, will handle the majori-
ty of system integration on the
aircraft, as well as additional
work from its European part-
ner,

For the first half of 2007,

Honeywell earned $611 mil-
lion, or 78 cents per share. on
revenue of $8.5 billion. Shares
of Honeywell added $1.09 to
$58.37 in morning trading.

e AP Business Writer Jen-
nifer Malloy in New York con-
tributed to this report.

systems for Airbus in $16bn deal

NOTICE
|

OMEGA INVESTMENTS LIMITED

Airbus/AP

Notice is hereby given that liquidation of the above
company commenced on the 19th day of September, |
2007. Credit Suisse Trust Limited of Bahamas Finan-
cial Centre, Shirley & Charlotte Streets, Nassau, The
Bahamas has been appointed Liquidator of the
Company.

Credit Suisse Trust Limited.
Liquidator



P2411 en Uae Cee UL

A position has arisen for a chartered accountant with 20-25 years
experience in the profession, or private sector, to assist in the
further development of a branch office in Marsh Harbour, Abaco.



applicant must have good inter-personal skills and be able to
relate to a wide variety of clients in diverse business environments,
have a history of large scale development projects and experience
of international clients looking to set up business in the family
islands. He/she must be computer literate with a good working
knowledge of Excel and Word.

Applicants should apply in writing to:

ECA Application
P.O. Box CB-11651
Nassau, Bahamas





NOTICE OF VACANCY

Excellent opportunities for career advancement exist in the Legal
Department of Port Group Limited. The Company invites qualified
applicants to apply for the position of Legal Assistant.

Phe successful candidate must have at least five (5) years experience
as a Legal Assistant in the fields of conveyancing, commercial
iransactions and probate matters, and must be proficient in all

Microsoft Word and Excel programmes.
The successful candidate must also have:

Completed a rec

or

ognized paralegal/legal executive course,

A minimum of five (5) B.G.C.S.E “O” levels or equivalent,
two (2) of which should be Math and English with grade

“C” or above

Résumés with supporting documentation should be submitted to:

The Personnel Department

‘The Grand Bahama Port Authority, Limited

P.O. Box F-42666

Freeport, Grand Bahama

BAHAMAS
or

Kmail: personnel@gbpa.com
On or before September 30, 2007


PAGE 14B, THURSDAY, SEPTEMBER 20, 2007

THE TRIBUNE



Gol, Brazil’s No. 2 airline,
considering share buyback

@ By ALAN CLENDENNING
AP Business Writer



SAO PAULO, Brazil (AP) —
Shares of Brazil’s Gol airline soared
Wednesday after the family-run fund
that controls the company announced

‘it is considering a share buyback that

would delist the nation’s No. 2 air-
line on exchanges in Brazil and the
United States.

Gol’s stock rose 11.4 per cent on
Sao Paulo’s Bovespa exchange after
the Fundo Asas announced said it
was assessing the buyback but had



not made a decision.

The company’s American deposi-
tory shares on the New York Stock
Exchange jumped 11.9 per cent, or
US$2.55 to US$23.98.

Fund

The fund is used by Brazil’s Con-
stantino family to manage its majori-
ty stake in Gol, a low-cost airline that
started out small in 2001 and now just
barely trails the market share of TAM
Linhas Aereas SA, Brazil’s largest
airline.

FIRSTCARIBBEAN

NTERNATIONAL BANK

FirstCaribbean International Bank (Bahamas) Limited

Chairman’s Review
Of the Results
For the nine months ended July 31, 2007

FirstCaribbean International Bank (Bahamas) Limited earned a consolidated net income of $85.2
million for the nine months ending July 31, 2007, This represented an increase of $2.3 million or
2.8% over last year’s restated net income. Excluding the impact of the changes as described in
notes 3, 5 and 6 to these interim statements, which had a positive impact of $4.9 million, the net
income to date was 3.2% less than last year due to higher cost of deposits resulting from the



The fund’s statement to Brazil’s
Securities Commission did not say
how much a buyback would cost, but
Brazil’s Valor Economico business
newspaper estimated a price tag of
at least three billion reals (US$1.6 bil-
lion). Fundo Asas owns 69.6 per cent
of the company’s shares and all of
Gol’s voting shares.

Shares of Gol Linhas Aereas Intel-
ligentes had dropped sharply since
July, when a TAM passenger jet
crashed in Sao Paulo and killed 199
people in Brazil’s deadliest air acci-
dent. The company’s shares in New

York have traded in a range of
US$19.02 to US$37.10 over the past
year.

The accident exposed severe short-
comings in Brazil’s civil aviation sys-
tem, which was already under pres-
sure following a series of air traffic
controller strikes and work slow-
downs that cause mass delays and
cancellations and hurt Brazilian air-
lines.

President

President Luiz Inacio Lula da Silva



FirstCaribbean International Bank (Bahamas) Limited
Consolidated Statement of Changes in Equity
BS'000

Share Capital &
Reserves

Balance at October 31, 2005
as previously reported
Prior period adjustment

417,281

fired his defense minister in charge
of civil aviation following the crash,
and the government is imposing a
plan to reduce air traffic at Sao
Paulo’s Congonhas airport, the site
of the crash and the nation’s busiest
airport.

Gol took to the skies with just six
planes and rapidly expanded market
share amid an expanding Brazilian
economy and the demise of the
nation’s former flagship carrier, Varig.

Gol then bought Varig in a cash
and stock deal valued at about
US$275 million.

Retained Earnings Total

162,439 579,720

(18,481) (18,481)

417,281 143,958 561,239
lar i j 31, 2005 as restated . ; ,
tight local dollar liquidity as well as lower returns on our US dollar investment portfolios. Balance at October 31,
| : . Net income for the period
Total revenues for the period amounted to $134.7 million, same as last year. Earnings on our US as previously reported - gyal 83,627
dollar investment portfolios in the third quarter were adversely impacted by global widening of Prior period adjustment 732,
credit spreads, which led to a reduction of $4 million when compared to last year. ee Gucome as restated : : 82,895 82,895
Total interest income rose 24% or $41 million over last year as both loan balances and Dividends an (66,119) (66, ' 2
investments increased. Total interest expense also increased $42.8 million due to higher Revaluation gains/(losses) Coa aon . .(817)
customer deposits and additional borrowings as well as the increased rates paid on customer Transfer to Statutory Reserve Fund - Turks & Caicos Islands onl acne -
deposits. Consequently, the Bank’s net interest income for the nine month period was $106.3 Transfer to Statutory Loan Reserve , :
million, $1.7 million lower than last year. Balance at July 31, 2006 435,525 141,673 577,198
Operating expenses for the period were $41.4 million, a reduction of $8.9 million from the same
period last year and the ratio of expenses to revenue improved by 7% over last year to 31% for Balance at October 31, 2006 435,556 169,850 605,406
the nine months of this fiscal year. Excluding the impact of the changes noted above, operating
expenses was $48 million, $2.3 million less than last year. Loan loss expense was $8 million, an Net income for the period 85,191 85,191
increase of $6.6 million over last year as loan provisions were prudently made during the third Dividends (56,500) (56,500)
quar‘er of this year. Revaluation losses coy 2 ey
| Transfer to Statutory Reserve Fund - Turks & Caicos Islands me (5, ey :
The total assets.of the Bank at July.31, 2007 were $4.8 billion, representing.a.growth of $22 f= Release tor Statutory Loan Reserve _ (705) 70 =
million or 24% aver last ae and $350: enon or 8% since last fiscal year end:—* . 436,358 194,046 630,404
i Balance at July 31, 2007 s
ACER i aay , a .
Earnings per share was 70.9 cents, 1.9 cents greater than the amount for the same period last
year. Excluding the impact of the changes as noted above, earnings per share was 65.4 cents for
the period. FirstCaribbean International Bank (Bahamas) Limited
The return on assets for the nine months was 2.4%, and the return on tangible equity was 26%. Consolidated Statement of Cash Flows
BS'000
; , : : Unaudited Unaudited Audited
The Directors thank our customers and employees for the:r continued support.
prey Nine Months Ended Nine Months Ended —“Y :ar Ended
July 31, 2007 1,2 t [
WIC. ce / uly 31, July 31, 2006 Octc ber 31, 2006
: ; (Restated) (iestated)
Michael K. Mansoor
: oe Net cash from (used in) operating activities ° 140,776 25,862 (253,390)
FirstCaribbean International Bank (Bahamas) Limitea , ,
a BalancesSueet Net cash from (used in) financing activities 56,412 (66,119) 214,573
Unaudited Unaudited Audited
July 31, 2007 July 31,2006 October 3 2008 Net cash used in investing activities (14,071) (139,974) (523,210)
(Restated) (Restated)
Assets : .
ca and balances with banks 545,430 611,430 367.400 Net increase (decrease) in cash and cash equivalents 183,117 (180,231) (562,027)
Securities 1,534,086 671,716 1,367,651 .
Loans and advances to customers 2,453,017 2,339,865 2,444,830 Cash and cash equivalents, beginning of period 180,084 742,111 742,111
Intangible assets 187,747 187,747 187,747
Property, plant and equipment 27,251 28,917 29,209 . ivalent d of period 363,201 561,880 180,084
Other assets 54,579 42,327 55.248 Cash and cash equivalents, en Pp ’
Total assets 4,802,110 3,882,002 4,452,085
aaa a eseis cates aan FirstCaribbean Luternational Bank (Bahamas) Limited
pike ncowed funds "373.951 = ‘ a Notes to Consolidated Interim Financial Statements
Other liabilities 54,832 44,736 61,432 Nine Mouths Ended
Debt securities in issue 20,305 - - July 31, 2007
Total liabilities 4,171,706 3,304,804 3,846,679
1. Accounting Policies
Equity The accounting policies used in the preparation of these consolidated interim financial statements are consistent with those used in the annual financial
Share capital & reserves 436,358 435,525 435.556 statements for the year ended October 31, 2006.
Betattied carnines 194,046 141,673 169,850 The consolidated interim financial statements include the accounts of the following wholly owned subsidiaries:
FirstCanbbean International Finance Corporation (Bahamas) Limited
630,404 577,198 605,406 FirstCaribbean International (Bahamas) Nominees Company Limited
FirstCaribbean International Land Holdings (TCI) Limited
Total liabilities and equity 4,802,110 3,882,002 4,452,085

h

Director















2. Comparatives

Where necessary, comparative figures have been adjusted to comply with changes in presentation in the current year.

Director In the prior year, in accordance with IAS 18 Revenue, loan fee income, which would have been considered to be an intergral part of the effective interest rate
of the financial instruments, was deferred and recognised as an adjustment to the effective interest yield on the loan, This adjustment was applied
: ‘ . eg etrospectively, and as suc rc arative stat ts for 2005 tated. The 2006 previously published comparatives have also been restated to reflect
FirstCaribbean International Bank (Bahamas) Limited oe. and as such, the comparative statements for were restated p ly p' Ip)
. Is adjuster
Consolidated Statement of Income
BS'000 ~ . . x .
3. Change in Accounting Estimate
Unaudited Unandited Audited * Effective November 1, 2006, the Bank changed its estimate on the useful life of software which resulted in an increase in the depreciation charge for the nine
Quarter Ended Nine Months Ended Year Ended month period in the amount of $731.
July 31, 2007 July 31, 2006 July 31, 2007 July 31, 2006 October 31, 2006 I
(Restated) (Restated) 4. Change in Accounting Policy
Total interest income 69,678 61,646 211,493 170,429 239,740 Effective March 1, 2007, the Bank changed the date on which all purchases and sales of financial assets at fair value throu.) the profit and loss are to be
Total interest expense (35,086) (24,403) (105,180) (62,380) (91,407) recognised from trade date to settlement date. The audited October 31, 2006 balances have been restated to reflect this char..c. The impact on the audited
: October 31, 2006 balances was to reduce trading securities by $157 million, other assets by $82 million and other liabilitie: by $239 million. There was no
Net interest income 34,592 37,243 106,313 108,049 148,333 impact on the year to date July 31, 2006 balances.
Operating income 8,083 8181 78,372 26,620 33,836
42,675 45,424 134,685 134,669 181,869 5. Post Retirement Benefits
Operating expenses 16,514 18,459 41,447 50,359 65,873 Effective January 1, 2007 certain changes to the Bank's post retirement health benefit schemes were made which resulted in :he recognition of a curtailment
Loan los: expense 6,327 (1,121) 8,047 1,415 5,324 gain of $7.2 million
22,841 17,338 49,494 51,774 NAOT
6. Related Party Transactions .
7 The agreement with Barclays Bank PLC whereby the Bank would receive an annual payment from Barclay Bank PLC of 5} :itlion as an incentive to retain
Net income 19,834 28,086 85,191 82,895 deposit placements with Barclays Capital expired on December 31, 2005. The comparative period ended July 31, 2006 would therefore include income for the

110.672

SESS

Weighted average number of common
shares outstanding for the period

Earnings per share (in cents)

120,216,204 120,216,204

70.9 69.0

120,216,205

92.1

final two-months in the amount of $1.7 millon within operating income.

7. Deposits

Included in deposits are deposits from related entities in the amount of $605 million July 31 2006: $243 million) which may he repaid within the year.

8. Issuance of Debt Instruments

On November 3, 2006, the Bank issued $20 million redeemable floating rate notes at prime plus 0.75% which mature November 3, 2011.
THE TRIBUNE

‘HUHSDAY, SEF ttc IVIBER 20, 2007, PAGE 15B



Euro hits new high against the US
dollar after Fed’s interest rate cut

@ By MATT MOORE
AP Business Writer



FRANKFURT, Germany
(AP) — The euro soared to a
new all-time high against the
United States dollar on
Wednesday in the aftermath
of a half-per cent interest rate
cut by the Federal Reserve,
but dropped back on data
showing a small decline in US
consumer prices.

The euro rose to US$1.3987,
a new high, before setthing
back to US$1.3973 in after-
noon European trading after.
the US Labour Department
reported that its Consumer
Price Index dipped by 0.1 per
cent last month. That was the
first decline since October
2006.

The euro was still above the
US$1.3971 it bought in New
York late Tuesday after the
Fed cut its benchmark interest
rate a half-point to 4.75 per
cent. the first reduction in four
years.

Most analysts had expected
a quarter-point cut. Lower
interest rates, used to jump-
start the economy, can weaken
a currency by giving investors

less return on investments
denominated in the currency.

The Fed acted to calm finan-
cial markets afraid of an
impending recession due to a
slumping housing market, the
credit crisis and weak August
jobs data.

The pound also was higher
against the dollar. It rose to
US$2.0173 before falling back
to US$1.9978, below the
US$2.0131 it bought in New
York late Tuesday.

The rising euro has yet to
cause great consternation
among most of the 13 nations
that use the common currency,
but as it rises, it could dampen
exports, particularly to the
United States, making any-
thing from automobiles to con-
sumer appliances more expen-
sive to American buyers.

German Economy Minister
Michael Glos said in an inter-

view with the Bild newspaper

published Wednesday that
“nobody knows how the US
financial crisis will affect Ger-
many in the end.”

He also said that a weak-
ened dollar, along with higher
oil prices, has the potential to
slow Germany’s growth, par-

Housing downturn

raises ‘significant

risk’ of recession,
_ Says economist

a By, ALAN ZIBEL
AP Business Writer

WASHINGTON (AP) —
An economist who has long
predicted this decade’s hous-
ing market bubble would
deflate said the residential real
estate downturn could spiral
into “the most severe since the
Great Depression” and could
lead to a recession.

Yale University economist
Robert Shiller’s written com-
ments to lawmakers came a
day after the Federal Reserve

_ responded to credit market tur-

- moil by slashing the target fed-
eral funds rate ‘by a half point
to 4.75 per cent.

Shiller, in testimony pre-
pared for a hearing of the Joint
Economic Committee said the
loss of a’ boom. mentality
among the public may bring on

. a drop in consumer confidence

that poses a “significant risk” of

a recession within the next
year.

’ Meanwhile, Peter Orszag,
director of the Congressional
Budget Office, gave a more
tempered forecast, saying that
financial market turmoil and
weakened consumer confi-
dence pose economic threats
_but are not likely to send the
economy into a recession.

A hypothetical 20 per cent
drop in home prices over two
years would reduce United
States economic growth by one
half of a percentage point
annually to one and-a-half per-
centage points annually after
three years, the Congression-
al Budget Office calculates.

“The risk of recession is ele-
vated but the most likely sce-
nario at this point seems to be
continued economic growth,”

“The nee of
recession is
elevated but
the most likely
scenario at this
point seems to
be continued
economic
erowth.”

— Peter Orszag

Orszag said.

The hearing came as the gov-
ernment said Wednesday it
would slightly raise the invest-
ment portfolio cap for govern-
ment-sponsored mortgage
companies Fannie Mae and
Freddie Mac as a way to pump
cash into the stretched mort-
gage market.

Since mortgages made to
people with weak credit are
concentrated among low-
priced homes, Shiller said “low
income people will be espe-
cially hard hit by the correc,
tion.” He advocated the cre-
ation of a new federal commis-
sion, modeled after the Con-
sumer Product Safety Com-

mission, to detect abusive lend-

ing practices that critics say
were common in the market
for loans made to people with
weak credit.

‘

ticularly in exports. Germany is
the world’s biggest exporter,

‘just ahead of China and the

United States.

“If the dollar’s exchange rate
further weakens, it will cast a
shadow on our export

chances,’
saying.
The dollar strengthened
against the Japanese currency,
rising to 116.11 yen from
115.74 yen after the Bank of
Japan kept its benchmark

’ Glos was quoted as

interest rate steady at half a
per cent and kept its assess-
ment of the national economy
unchanged.

The bank reiterated its opti-
mistic outlook for the future,

while expressing some caution

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ae

about the US economy.
“Japan’s economy is expect-

ed to expand moderately,” it

said.

. © AP Business Writer Yuri

Kageyama in Tokyo con-

tributed to this report.

At FirstCaribbean, our track record speaks for itself. With strong connections and a unique
understanding of Caribbean business, we also offer you the strength and security of an
award-winning financial institution.

Consistently rated A- Stable by Standard & Poor’s, we offer you the tools to manage your
business, distinguished by service from your own relationship manager, committed to your
business’ growth. Let’s talk.

For further information, contact our Corporate Office:

Nassau

Freeport (242) 352-6651

Abaco

SMALL BUSINESS |

(242) 367-2166/7 or 8

CORPORATE BANKING

(242) 322-8455 and (242) 356-1764

FIRSTCARIBBEAN

INTERNATIONAL BANK

GET THERE. TOGETHER.

www.firstcaribbeanbank.com

CORPORATE FINANCE

CAPITAL MARKETS




THE TRIBUNE



ry /
AN
SDA t,

C

PAGE 16B, THURS





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