Citation
The Tribune.

Material Information

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

Subjects

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

Notes

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

Record Information

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

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Full Text
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CLOUDS, SUN,
TSTORM

Volume: 103 No.295









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e Tribune f

#1 PAPER IN CIRCULATION



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and RELIGION
IN TODAY’S TRIBUNE

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Minister makes
announcement

@ By RUPERT MISSICK Jr
Chief Reporter
rmissick@tribunemedia.net

THE publicly owned.

Bahamas Agriculture Indus-
trial Corporation is millions of
dollars in debt and cannot con-
tinue to exist without increased

. government assistance or rad-

ical changes. in. the. operating

Marine Resources Minister
Larry Cartwright announced
in parliament yesterday.

Audited reports on the
Bahamas Agricultural and
Industrial Corporation’s finan-
cial: position over 2003 and
2004, tabled yesterday by the
minister, show that the corpo-
ration was in debt by $1.6 mil-
lion and $812,586 respectively
in those years.

Mr Cartwright said that in

BEC criticised in

election court

BByBRENTDEAN -
Tribune Staff Reporter
bdean@tribunemedia.net

THE LACK of full coopera- .

tion by the Bahamas Electrical
Corporation with providing infor-
mation to the election court, and
the act of making notations sur-
rounding whether or not people
lived in Pinewood, was described
as “contemptuous” and “disgust-
ing” by Senior Justice Anita Allen
yesterday.

Representatives from the

SEE page 15

“Agriculture and ©

Larry Cartwright

2002 BAIC lost $942,942, fol-
lowed by a $1.6 million loss in

SEE page 12

@ RETRACTION

FORMER Prime Minis-
ter Perry Christie took
exception yesterday to a
front page sub-headline in
The Tribune that alleged
that he is now receiving the
parliamentary salary that
Prime Minister Hubert
Ingraham was accused of
accepting prior to the May 2
general elections.

Mr Ingraham, in his con-
tribution to the House of
Assembly on Monday
referred to Mr Christie
receiving the “perks” that



| he was chastised for — not

the salary.
The Tribune ‘apologizes
for the error.



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Lawyers seek psychiatric
evaluation for murder convict



court yesterday

| @ By NATARIO
McKENZIE




| ATTORNEYS for Ian
Hutchinson made an appli-
cation in the Supreme
Court yesterday to have the
murder convict undergo a
psychiatric evaluation.
Hutchinson was con-
victed on September 19 of
the brutal murder of soft-
ball star Jackie Moxey, 44.
Prosecutors claimed that
Hutchinson on October 25,
| 2005, lured his late girl-
‘friend from her job at
Bahamas Information Ser-
vices (BIS), took her on a
drive that ended in the
Clifton Pier area where he
gave her a brutal beating
which resulted in her death.
Jealousy was the motive for
the killing, according to
prosecutors who noted that




















with Moxey and incensed



delity. The Crown is seek-
ing to have Hutchinson
receive the death penalty
on the murder conviction.
Hutchinson appeared
before Supreme Court Jus-
tice Jon Isaacs shortly after
noon yesterday for his sen-

SEE page 13













IAN HUTCHINSON outside of







Hutchinson was obsessed |

over allegations of her infi- |



Concerns
over fake
lawyers

Tribune Staff Reporter
kherig@tribunemedia.net

CONCERNS have been
raised that there might be
unqualified persons passing
themselves off as lawyers and
operating in Grand Bahama.

Supreme Court Justice John

in a recent ruling in a:case
involving the Success fraining
College Limited.

Justice Lyons said that if
there are indeed persons in
Freeport purporting to do legal
work “when they are neither

qualified or admitted to do so”,
the Bar Association should set
up a sting operation and “get
these persons off the streets.”

In the Success Training Col-
lege case, the defendant Dr
Clyde Phillip represented him-
self. However, Justice Lyons
pointed out that it is “very obvi-
ous” that Dr Phillip received
“some expert help in preparing
his pleadings and the prepara-
tion of his affidavit evidence.’

In his ruling Justice Lyo
said that Dr Phillip must have-
either received ae from “a

Tim Clarke/Tribune staff

Minister claims amendments to sportsfishing
regulations threw the industry in ‘disarray’

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

AMENDMENTS to the sportsfishing regulations under the pre-
vious government have thrown the industry into “disarray” and led
to cancellations of tournaments and revenue loss for Family Island
hotels and marinas, Minister of Agriculture and Marine Resources
Larry Cartwright said in parliament.

Introducing new sportsfishing regulations in the House of Assem-
bly, the minister said that the new catch limits for foreigners will

SEE page 13

Missing man’s
‘car is found’

FREEPORT - According to
police reports, the vehicle of a.
missing Grand Bahama man
was found in the Freeport area.

Kenneth Lightbourne, a resi-
dent of South Bahamia, was
reported missing on Monday by
concerned family members.

Mr Lightbourne, who is in his

SEE page 15



Turkey Breast & Ham

Turkey Breast

Lyons addressed this concern .



UPREME COURT
Justice John Lyons

‘lawyer who was doing it for

nothing or it was help received
from persons in Freeport who
hold themselves out as lawyers,
but who are not so qualified.”
“T have some experience of
Freeport. I have heard rumours,
shall I say,” the judge said.
- Justice Lyons said that if Dr
Phillip was helped by a lawyer
for a small fee — who was not
prepared to act fully on behalf
of the defendant or was just
being a helpful “moonlighting”
lawyer — then no harm was

_ done.

‘However, when people hire
unqualified persons to repre-

a “sent: ‘them i in. court cases, the .

SEE) page 13

PM criticises
contingency funds
used to defray _

govt expenses

PRIME Minister Hubert
Ingraham yesterday criticised
contingency funds being used
to defray government expens-
es, a practice used for years by
both the FNM and PLP gov-
ernments.

Speaking in the House of
Assembly, Mr Ingraham said
he had no idea that the former
Prime Minister, PLP leader
Perry Christie would have tak-
en the “bad habit” of signing
off on such contingencies, to
cover excess capital expendi-
ture, to such a new level.

“No effort was made what-
soever to comply with the
requirements that must be met
prior to the issuance of a con-
tingency note: None whatso-
ever. It became quite routine,” °
Mr Ingraham said.

The Prime Minister said
there are times during any year
when a government would

SEE page 14





PAGE 2, THURSDAY, NOVEMBER 15, 2007

'

THE TRIBUNE



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Bumper Christmas event promised

| Santa Claus is
coming to Mail at
Marathon parade

Santa Claus is coming to the
Mall at Marathon’s tenth annu-
al Christmas Parade.

This year’s parade will be the

best ever according to Bob
Stevenson, Mall general man-
ager. :
Scheduled to march in this
year’s parade are the following
groups, bands and organisa-
tions:

e Police cars, fire engines, and
police motor cycles —

e The Royal Bahamas Police
Force Band

° The C R Walker High
School Band

e The Aquinas College Band

e Chickie,

e Miss Wendy

e The Nassau Guardian, |,

e The Mall at Marathon
Marching Staff

e Miniature Miss Talented

Bahamas — May Roberts, 4

e Petit Miss Talented
Bahamas — Gevante Dean, 7

e Little Miss Talented
Bahamas — Chardonnay Toote,

10

e Santa Claus

The parade will start at the
Galleria Cinemas parking lot,
continue to the Strip Centre
near Domino’s Pizza, past First
Caribbean Bank and Wendy’s;
then past Kelly’s House and
Home, and ending at the Mall’s
main entrance.

The police band will parade
to the food court where patrons
will be entertained with
karaoke; there will be a bounc-
ing castle and free balloons and
giveaways for children.

The parade starts promptly
at noon on Saturday, Novem-
ber 17, organisers said.

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THE TRIBUNE



Sea Hau

pleads
guilty to

marijuana

possession

A 32-YEAR-OLD Eleuthera
woman pleaded guilty in Mag-
istrate’s Court on Tuesday to

possession of 128 pounds of

marijuana. *

Gloria Marie Sawyer, 32, of
Hatchet Bay, Eleuthera,
appeared before Magistrate
Carolita Bethel on Tuesday.

| She pleaded guilty to posses-

sion of marijuana with the
intent to supply.

Court dockets state that
Sawyer was found in possession
of the drug on September 30..

She was initially arraigned on
October 5. At that time she
pleaded guilty but later changed
her plea to not guilty and was
granted $80,000 bail.

On Tuesday, however,
Sawyer changed her plea to
guilty and was sentenced to
three years imprisonment.

According to police, 128

pounds of marijuana was found

in the trunk of a grey 1995 Toy-
ota Corolla which was onboard
the Island Link.

Magistrate Bethel also
ordered that the vehicle be con-
fiscated, »

Documentary
on National
Youth Service,
poetry and
IPPUAA story

A Bahamian documentary
on Naional Youth Service,
poetry and the IPPUAA story
will be screened at 8pm Fri-
day November 16, at the
Simpson C Penn Theatre,
GBI Recording and Televi-
sion Studios building on the
Queens Highway in Grand
Bahama.

The evening will conclude
with grade 12 students Lance
Darville and Jameka Farring-
ton presenting arguments for
and against National Youth

’.* Service.

Universities

launch new
programme to
recruit math,

-and science

teachers

ll TALLAHASSEE, Fla.
THE University of Florida

‘. and Florida State University

may be arch rivals in athletics,

~~ but they joined forces Wednes-
’ day to announce a $10 million

programme designed to. attract

._. math and science majors into
teaching careers, according to

Associated Press. '

Each university will receive
up to $2.4 million over five
years from the National Math
and Science Initiative, a not-for-
profit organization created by
ExxonMobil. The programme
will address what school offi-
cials said is one of the nation’s
greatest economic and intellec-
tual threats.

_ That’s the declining number
of qualified science, mathemat-
ics and computer science teach-
ers in the nation’s elementary,
middle and high schools.

Both universities also will get
$1 million each from the Helios
Education Foundation, another
not-for-profit organization.
With matching state money,
each school will have about $5

million.

“To flourish in the 21st centu-
ry, the United States must con-
tinue to generate intellectual
capital that can drive the
research and development activ-
ities that fuel our economic

@ By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

VICTIMS of the 2003 Sea
Hauler tragedy are “sorely dis--
pleased” with the current gov-:
ernment — Prime minister Hubert:
Ingraham in particular — for fail-
ing to approach them with a res-
olution to their concerns,

Spokesman for the victims,
Lincoln Bain yesterday criticised
Mr Ingraham for his “lack of
response” to two letters and four
phone calls about the matter
which were allegedly directed to
him in recent months.

“I am calling on the govern-
ment to do the honourable thing
and at least have the decency to:
one, meet with people and two,
let them know what the stance
isin relation to this whole issue,”
said Mr Bain.

Responding to Mr Bain, the

i, Office of the Prime Minister

issued a statement yesterday
evening suggesting that only one
letter had been received.

“The Office of the Prime Min-
ister received a letter from attor-
ney Michael T Smith on May 17,

2007, asking the government for



PRIME MINISTER Hubert
Ingraham (above) was
criticised by the victims’
spokesman Lincoln Bain.

an out of court settlement of $12
million to the Sea Hauler Vic-
tims,” said the statement.

The OPM said that this was a
demand that the government
“was not prepared to counte-
nance”, adding: “We assumed
therefore that the parties would
take the matter to court,”

The statement alleges that the
office did respond to the Mr
Smith’s letter on June 14,
“acknowledging receipt and indi-

cating that the government was
giving the letter its due atten-
tion,”

It then forwarded to the Office
of the Attorney General on June
14, 2007, the statement said.

The victims initiated a legal
action against the government
earlier this year, but were hoping
that the government would settle
out of court over the tragedy,
which saw four people lose their
lives and 25 others suffer injuries
when the Sea Hauler mail boat
and the United Star barge col-
lided in the middle of the night
almost three years ago.

One was on its way to Nassau
while the other, overcrowded
with holiday-makers, was travel-
ling to the Cat Island Regatta.

Convened in 2004, a govern-
ment appointed Wreck Commis-
sion found the government-run
Port Department partly liable for
the accident. It also said that the
Sea Hauler had been “non-com-
pliant” by allowing too many
people on board.

Yesterday the Office of the
Prime Minister also acknowl-
edged having been contacted by
two of the victims.

“The Office spoke with both

Group calls for government to make passage
of environmental protection act a priority

@ By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

AN ENVIRONMENTAL
organisation is calling for the gov-
ernment to make the passage of
an environmental protection act a
priority or else risk forever com-
promising or destroying the
Bahamas’ greatest assets for
future generations.

The Save the Bahamas Asso-
ciation — a group of family island
associations committed to pro-
moting environmentally sustain-
able development — would also
like to see'the environment “tak-
en out of the hands of politicians
who are only there for the short
term and whose MO (modus
operandi) is expediency not long
term nation building.”

Creating an independent statu- |
tory body with responsibility for
reviewing all applications for per-
mits to develop Bahamian land
and sea resources would be a step
towards achieving this necessary
end, it suggested.

Their call has been issued in
the wake of a report in Saturday’s
Tribune that some of the Bahami-
an Out Islands were evaluated as
suffering from “exploitation of
their natural environment” and
a “loss of everything Bahamian”
by renowned magazine National
Geographic Traveler.

Yesterday, the SBA called on
the “FNM government to not be
the ‘wutless’ government that the
PLP was and pass an environ-
mental protection act at the
beginning of its term — not to
proceed for five years talking
about environmental legislation.”

In the National Geographic
survey, released last week, the
Out Islands, along with 111 other
islands were awarded points
according to the degree to which
their touristic development is sus-
tainable or evidences “overkill”
to the detriment of the local envi-
ronment and population. 522
expert panelists in the fields of
sustainable development and des-
tination stewardship were

Tube of Ornaments.

; oft Alpine tree w/ cones

involved in the survey.

While panelists commented
that the Bahamian Out Islands
are “some of the most beautiful in
the world”, the islands scored 66
points, placing them in a catego-
ry in which islands were said to'be
experiencing “minor difficulties”
in terms of the sustainability of
their tourism:

The SBA said the need to
“protect so much of the ecologi-
cally and environmentally sensi-
tive areas of the Bahamas to be
found in our pristine family
islands” is an urgent one.

Tourism

Ifprotected, tourism and resi-
dential developments can be
“ouaranteed...for many, many
generations to come.” However,
if the government continues to
press on with “short term return
policies”, allowing “development
to go unchecked as it is doing
now”, the future of generations of
Bahamians to come will be jeop-
eudised, with the loss of the land
and marine resources which sup-
port so many of our jobs and pro-
wide our food.

Bahamian wetlands and man-
groves, currently under attack
from developments in many parts
of the Bahamas, are some of this
country’s “treasures” which will
sodn become its victims if such
action is not taken, noted the
association.

(So

Bluebird

In the FNM’s Manifesto 2007
the party promised that if elected
it would “adopt and implement
policies to protect and enhance
our environment”, as well as act-
ing to “reconstitute the Bahamas
Environment Science and
Technology (BEST) commission
as an independent statutory
body.”

Yesterday, the SBA reiterat-
ed the BEST commission is not
sufficient to protect the Bahamas’
environmental heritage.

“The government needs to
stop pretending that the BEST
commission has any kind of
supervisory or regulatory role and
maintaining environmental over-
sight through the Office of the
PM,” said the environmental
group,

Adding that the association
“does not oppose development”,
the SBA said that an indepen-
dent environmental oversight
body, “not beholden to any polit-
ical party”, should take on the
responsibility for considering
applications by Bahamian and
foreign developers and develop-
ment applications to district coun-
cils in the family islands.

“It would review the impact of
proposed small or large develop-
ments, whether they be touristic,
commercial, industrial or resi-
dential to ensure that any devel-
opment meets the balanced cri-
teria for sustainable development
and protection of the environ-
ment,” suggested the SBA.

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THURSDAY, NOVEMBER 15, 2007, PAGE 3

persons. The victims were assist-
ed by the office through referral
to the Department of Social Ser-
vices,” said the statement.

The crash victims previously

expressed hope that they would,

see a swift and “just” resolution
to the matter once the FNM
came to power, after finding the
former PLP government failed
to live up to its promises to pro-
vide assistance — a fact which the
FNM themselves criticised the



[0 SUE
ler tragedy victims

‘sorely displeased’ with govt

former government for.

Yesterday, Mr Bain warned
that should the FNM continue to
mirror the “lackadaisical atti-
tude” which he alleged the PLP
took towards the situation, he
and the victims would have to
“deal with them accordingly.”

The Sea Hauler victim’s plight
became a high profile issue in
2006 after a series of protests
against the former governmen-
t’s failure to react.

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PAGE 4, THURSDAY, NOVEMBER 15, 2007



EDITORIAL/LETTERS TO THE EDITOR



The Tribune Limited

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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.
Publisher/Editor 1972-

Published Daily Monday to Saturday

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

TELEPHONES,

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

We would call it more than ‘wutless’

IN THE House of Assembly on Monday,
Prime Minister Ingraham, gave an “abbreviat-
ed reminder” to the Opposition of how they
behaved “when they were swaggering in pow-
er:

All of Monday’s session was devoted to the
Opposition’s attempt to remove Speaker Alvin
Smith from the Chair for ruling that when Mr
Ingraham in his debate in the House of Assem-
bly called the Opposition “crew” “wutless” for
their handling of the judicial system, the word
used in that context was not unparliamentary.

Mr Ingraham reminded them of the days
when sitting on the government benches they
berated and ridiculed Mr Smith when “he had
the difficult job of leading the Opposition” in
the House.

“Tn my view,” said Mr Ingraham, “members
opposite are in a state of shock because they
now find that they cannot intimidate and bend
this gentleman to their will.”

He also reminded them that he could hardly
open his mouth in the House at that time
because of the wayethey would “heckle and
hurl abuse and insults at me.”

He said he wouldn’t speak of “the abuse,
the distortions and outright lies told on and
about” him by former MP Bradley Roberts.
He was referring to the way PLP MPs tried to
smear him by claiming that he “double-dipped”
by receiving both his pension and his MP’s
salary while an MP in opposition in the House.
This was not true, of course, but the PLP had
decided to allow the late Sir Lynden Pindling to
do just that through his widow after his death.
The PLP government had agreed the arrange-
ment, and so, it would séem that it was impor-
tant to prove that Mr Ingraham had done the
same thing. It had to justify the position it had
taken about paying Sir Lynden’s pension to his
widow for the five-year period before he had
retired from the House when he was still being
paid an MP’s salary. Sir Lynden’s pension was
not to start until he retired. It was in June, 1997
that the Prime Minister’s Pension Act came
into effect.

In fact this was the arrangement made
between Mr Christie, Sir Lynden and Mr Ingra-
ham. Therefore, no pension was paid for the five
years that Sir Lynden was being paid as MP.
However, when Mr Christie became prime min-
ister it was argued that Sir Lynden’s widow was
owed the five-year pension regardless of the
fact that Sir Lynden had already received his
MP’s salary.

Mr Ingraham argued that if it were accepted .

that the pension payments were due to the late
Sir Lynden between August 1992 and July,
1997, then the $250,000 salary that he had
received during that period should be refunded.

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Pindling, as Sir Lynden’s widow, was paid the
five-year pension. Sir Lynden’s salary for that
period was not refunded.

When Mr Ingraham was defeated as prime
minister in 2002, but was returned as an Oppo-
sition MP, he chose, as did other defeated
Caribbean parliamentarians under similar cir-
cumstances, to receive his pension, but not his
MP’s salary. He made it clear that although he

“was entitled to an MP’s salary of $28,000 he

would not accept it as he was already receiving
it as a part of his pension. He did not intend to
“double-dip.”

Then suddenly, three years later, Mr Fred
Mitchell jumped to the podium and accused
Mr Ingraham of “double-dipping” — being paid
his parliamentary salary twice. It was a lie.

Mr Ingraham produced a letter from the
Treasury Department and the Ministry of
Finance to disprove the lie. No, said the depart-
ments, for the past three years Mr Ingraham
had received no salary.

Although Mr Mitchell this week decried
what he claimed was government’s attempts to

_ turn a lie into the truth, that is just what the

Christie government determined to do with the
Ingraham salary. Somehow if there had been
“double-dipping” in the Pindling case, it was
important for public perception that Mr Ingra-
ham also be seen to have double-dipped.

And so one day when Mr Ingraham was out
of town, the Treasury was instructed to have the

bank transfer the lump sum for the three unpaid .

years to the Ingraham aceount. The Treasury
refused Mr Ingraham’s attempt to return it.

However, when the monthly cheques con-
tinued to be written from the Treasury to his
account, the bank was instructed not to cash
them. They remained in the Treasury.

“Wutless” is a saint’s word compared to how
we would describe such a slimy, underhand
trick.

And so it was against this background on
Monday that Mr Ingraham said: “I find it not
only interesting but amusing that the parlia-
mentary salary I was accused of accepting as a
retired prime minister was in fact paid in respect
of my predecessor (Sir Lynden) in office, indeed
paid by them (the Christie government), It was
appropriate and correct for my predecessor (Sir
Lynden) to receive such payments, but not me.
Now, the perks I was accused of greedily accept-
ing as a former prime minister are now enjoyed
by the Hon Member for Farm Road and Cen-
treville” — Mr Christie..“We in the govern-
ment are not surprised that there is no opposi-
tion to these payments from those opposite;
they believe, and believe firmly, that they are
entitled.”















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THE TRIBUNE





eedings

in House on
November 12

EDITOR, The Tribune.

IT IS with much regret that
I write to you once again.

On Monday, November 12,
2007 those of us who watched
the proceedings of Parliament
were once again shown why
there is so much trouble in our
Bahamas.

It brought back memories
of my childhood when we
would play games and there
were some children who
because they did not win they
would cry and carry on say-
ing they were not going to
play anymore.

Whatever institution there
is it will fail if there are no
rules to govern its operation.

It has been refreshing for
the past five months to see a
Speaker in Parliament who
has tried his best to raise the
perception of the chair to a
level that it should be.

We are supposed to be liv-
ing in a Democracy, the defi-
nition of which should be “to
demonstrate common sense.”

However it appears that
Common Sense is a rare com-
modity these days.

The Opposition should be
ashamed of themselves for
bringing this resolution to Par-
liament unless they all have
Alzheimers about the level

_ that the chair fell to from 2002

to 2007.

Even under Sir Lynden the
chair in Parliament was never
as one-sided as it was from
2002 to 2007. ~ ‘

Yes, I agree that Parlia-:
ment should set standards for
the rest of the Bahamas to be:
proud of, but in doing so there
are many Rules which should
be changed, one of which is
no member of Parliament!
should be allowed to say
something on the floor about
an individual who is not a
member because that individl-
ual has no legal recourse.

The former Prime Minister
said in his contribution that
when Alvin Smith was made
Speaker they all voted for hirn
and he personally believed
that Alvin would do what wats
right and honourable. .

Well he was very right, and
just because Alvin would nat
let him have his own way it
does not make Alvin any less
honourable.

I also heard the former
Prime Minister say that he
would address the issue of
cockroaches during his coin-









auto
Lew sales ¢
ab _ MMITED

Daa MblteS

letters@tribunemedia.net








tribution, but, alas, he forgot
to do so.

My friend, Picewell, you
have had for a long time a
yearning to be in Parliament,
so now that you are a member
do not let Alzheimers set in
because I know, and the
Bahamian public knows, that
you are quite aware of what
happened in Parliament over

So, please, for the better-
ment of our Bahamian broth-
ers and sisters, all members of
Parliament should conduct
themselves the way the Hon-
ourable Alvin Smith does, like
ladies and gentlemen and set a
standard for our children and
grandchildren to emulate,
then we will be well on our
way to dealing with our crime
problem, because if you do
what is right then you will
have God on your side and
with his help no one can go
wrong.

the last five years, and no mat-
ter who tries it will not be
erased from the people’s
memory.

ABNER PINDER
Spanish Wells,
November 13, 2007

How can I protest work
permit being issued?

EDITOR, The Tribune.

I MUST ask about the work permit process. If I am eligible
for, and have been approved for a job that I see advertised, how
can I protest a work permit being issued for the same job?

I see Bahamians passed over for jobs we are qualified for. So
I ask, how does the Immigration Department qualify a work per- °
mit? Just because a job is advertised in the paper and the
employer says they have had not suitable candidates is this
enough? Shouldn’t an affidavit be filed to swear no Bahamian
candidate is available? The consequences of defying a court doc-
ument would therefore be of some weight.

Instead of just reading and talking can we please do!

NAME WITHHELD WHILE SEEKING A JOB!
Nassau,
November, 2007.

Public safety in “ahonping
centres has to be priority

EDITOR, The Tribune.

PUBLIC safety in shopping centres has to be a priority for the
police 24/7-365 days a year as there are hundreds of innocent per-
sons, some not so young who are seemingly being targeted by criminals. -

I specifically am concerned for this City Meat, John S George,
Lowe’s Pharmacy and Starbuck shoppers in Harbour Bay Shopping
Centre. Further.the ATM area of any bank.

I am aware of at least three to four handbags snatching in Harbour
Bay over the past few days: i
Many elderly persons frequent this shopping centre especially those
retail stores I have listed and therefore the police and the owners of the
shopping centre must take all precautions to ensure public safety is

assured at all times.

Of course I can avoid this area and shop elsewhere. ©

E KNOWLES

Nassau,
November 14, 2007.

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THE TRIBUNE

THURSDAY, NOVEMBER 15, 2007, PAGE 5



© In brief

PM to
attend
CARICOM
meeting in
Barbados

Incoming
chairman of
CARICOM,

* Prime Minis-
ter Hubert
Ingraham,
will attend the
CARICOM
Bureau of
Heads of
Government Meeting in
Bridgetown, Barbados.

The bureau manages the
affairs of the community
between meetings of the full
Conference of Heads of Gov-
ernment. The prime minister
will depart Nassau today and
return on Saturday.

During the prime minis-
ter’s absence, Deputy Prime
Minister Brent Symonette
will act as prime minister and
Minister of State Zhivargo
Laing will act as Minister of
Finance.



Ingraham



ARCHBISHOP PATRICK PINDER (far right) spea



‘Ninety’ before US Grand Jury for first time

m@ By CHESTER ROBARDS

FORT LAUDERDALE,
Florida — Samuel ‘Ninety’
Knowles sat before a US Grand
Jury for the first time on Tues-
day.

He appeared before Judge
James Cohn in courtroom 203
of the Federal Courthouse here.

Knowles sat far back in his
chair while his defence attor-
ney Jacob Rose and federal
prosecutor George Karavetsos
considered the jury pool.

Judge Cohn began the pro-
ceedings by interviewing ‘the

jurors, asking them a series of |

Aquinas in

Tribune Staff Reporter
tthompson@tribunemedia.net

AQUINAS College is poised
to become a “premier” sec-
ondary institution as adminis-
,trators move forward in their
plans for the relocation of the
high school from its current
location on Madeira Street to
a “state-of-the-art” complex on
Gladstone Road. ,

After years of deliberation,
the Catholic Board of Educa-
tion yesterday announced its
accelerated plans for the pro-
posed relocation.

Archbishop of the Catholic

SS

announce the project. (/NSET) — A proposed model for Aquinas College.

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He asked: “Do any of you
know Samuel Knowles,” to
which no juror answered in the
affirmative.

The judge called on each
potential juror, inquiring if any
of their personal situations
would inhibit their impartiality
in the case.

Knowles did not seem to take
much notice of the selection
process, only looking around
the courtroom when Judge
Cohn asked potential jurors if
they might have any biases dur-
ing the trial because of the
defendant’s Bahamian nation-
ality, to which the jurors again
answered in the negative.

Samuel Knowles



Several jurors were approved:

of by the defence during the
selection process because of
some of the views they

‘state-of-the-art’ move

Diocese Patrick Pinder said a
time-line for the construction
should be finalised as soon as
the board has completed its

’ costing exercise.

At an assembly held at the
Garfunkel Auditorium on
Madeira Street to officially
announce the project, Arch-
bishop Pinder told the crowd of
enthused students and faculty
that the plans for the new site,
although conceived under the
watch of former Archbishop
Lawrence Burke, are now being
“fervently expedited” during his
tenure.

As an ex-faculty member of
Aquinas College, the archbish-

Â¥ SV
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Photos: Tim Clarke/Tribune staff

ks Wednesday during a special assembly to officially

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op speculated that the school’s
relocation will catapult the sec-
ondary institution into one of
the premier private highschools
in the country.

Many students expressed
their eager anticipation of thc
new school, particularly the
upgraded facilities which will
come along with the move.

“We’ve been hearing about
it for a little while and ?’'m hap-
py that it’s really happening,”
Darrin Woods, an 11th-grader
said after the assembly.

“TI really hope that by the
time my graduation comes, we'll

_ be in the new location because I

really want to be the one to say,
‘Hey, I graduated from the new
Aquinas’.”

The plans for the new school,
which have already been
approved by the Ministry of
Works, include an administra-
tion complex, specialist rooms,
and a swimming pool.

The new site will accommo-
date the existing student body
of 500 while being “technologi-
cally advanced”, “user friend-
ly” and “futuristic”, Archbishop
Pinder said.

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expressed. «

One juror remarked that
offering witnesses a plea agree-
ment of a possible reduced sen-
tence for testimony against the
defendant would be “unfair”.

The judge mentioned Nehru
Newton, Glenroy Riley, Carl-
lan Cambridge, Gary McDon-
ald and Derrick Blake, as those
who could possibly take the
stand against Knowles.

Knowles received temporary
reprieve from his state issue
prison uniform, appearing in a
blue long sleeved shirt and kha-
ki slacks. He was clean shaven
with his hair picked out into an
atro. !



His family occupied two and
a half benches in the courtroom
but had no contact with him.

Knowles never turned to look
at them, but would occasionally
focus on whatever was on the
table in front of him, then
recline again in his chair.

The trial will begin after each
side, the government and the
defence, has had input into
selecting the 12 jurors. Up to
the lunch break, the prosecu- |
tion and defence had agreed on
10 jurors. Two jurors requested
leave, one because she was a
college student and the other
because he had thanksgiving
plans. ,



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PAGE 6, THURSDAY, NOVEMBER 15, 2007

THE TRIBUNE

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m@ By CARA
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Tribune Business
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cbrennen@tribunemedia.net_

THE Bahamas is the seventh
most popular destination world-
wide in terms of assets domi-
ciled, and boasts hedge funds
that are among the top 10 per
cent worldwide in size, the
Prime Minister said yesterday.

Opening the Hedge Fund
World event at Atlantis yester-
day, Hubert Ingraham said this
achievement was despite the
fact the Bahamas lacked the
physical presence of many top
prime brokerage operations,
which the country would like to
welcome to Bahamian shores.

“IT am advised total assets in

the hedge fund sector exceed ©

$1.8 trillion dollars, with some
estimates as high as $2.5 tril-
lion. The offshore sector is the
most important in terms of
domicile, with almost 50 per
cent of these assets domiciled
in the Caribbean,” Mr Ingra-
ham said.

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HUBERT INGRAHAM, who opened the Hedge Fund

The Prime Minister said
much has happened in the fund
industry, and today the phrase
“hedge fund” captures a wide
variety of strategies, assumed
risks, liquidity and domiciles.

Mr Ingraham said hedge
funds and their influence on the
financial markets was,a topic
which is rarely absent from the
media at the moment. “As reg-
ulators look around for lessons
to be learned from the present
credit crunch, this is perhaps an
appropriate environment for
the continuing dialogue on the
regulation of the hedge funds
industry,” he said.

“There is the tendency to
over-reach in times of crises,
and one hopes the regulators
get this decision right, since it
will likely have a profound



_ impact on the further develop-'

ment of your industry.”

The Prime Minister said there
appears to not be a clear con-
sensus on the right approach to
regulation.

“Some believe it can be done
through dialogue and vigilance
versus registration. Others
believe it can be done by focus-
ing on prime brokers as a means
of monitoring risks. The United
Kingdom and the United States
have taken different approach-
es, with the former taking on
more dialogue with participants
over the years, while in the US
there have been attempts to
increase regulation through reg-
istration,” the Prime Minister
said.

However, he added that per-
haps the industry feels that it is

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‘prime brokers’

already supervised enough,
something he suspected would
probably be discussed during
the conference

“You are to be commended
for the relevance and timeliness
of the perspective of the focus
of this conference: “The next
chapter in the evolution of the
global hedge funds industry’,
which is likely to be particular-
ly challenging for your rapidly
evolving industry,” Mr Ingra-
ham said.

“Still, it is useful that you
should employ the looking
glass, to the extent you can, to
divine the future as clearly as’
possible to help to inform your,
own responses to the challenges
you are certain to face in the
near term. ~

Mr Ingraham said that given
the persuasiveness of the hedge
funds industry in financial mar-
kets, it is likely to be at, or near,
the centre of any major market
disruption.

“And when the media ¢
some multinational agen
look around to place bla:
your industry is likely to ge’
share. In that sense you are 20%, '
too unlike offshore financial
centres,” he said. .

Mr Ingraham noted that the
Bahamas was beginning to
redefine itself, and financial
vices sector supervision is
ly to be consolidated. ;

“New insurance legislation is. °
soon to be brought into effect,
and a concerted effort will be
undertaken to re-establish The
Bahamas in the external insur
ance industry, trading on
infrastructure we now have in
place and recognising and
exploiting the capacity con-
straints which have emerged in
other centres,” he added.

Mr Ingraham also noted that
the 276 Public Banks and Trust
companies operating in and
from the Bahamas at the end
of 1999 have systematically fall-
en, under pressure of improved
regulation and stricter guide-
lines, to around 140 today.
Some of this decline has been
offset by new financial institu-
tions, including hedge fund
operations, attracted to
Bahamian shores by stability
and sound regulations.

“The initiatives from
multinationals in 2000 althou
disruptive ai the time, hi
a solid platform in place.” the
Prime Minister said.



















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THE TRIBUNE



For more than 60 years since their grandfather
died, the Chipman’s family’s land has allegedly
been taken piecemeal from them. Now they are
taking steps to retrieve it ...

‘It is time for us to
re-establish claims’

A Bahamian family who
claim they have been “robbed”
of hundreds of acres of valu-
able land since their grandfa-
ther died in the 1950s are set to
reclaim at least part of their lost
fortune.

Dancer Mitzi Chipman,
daughter of well-known
Junkanoo figure John “Chip-
py” Chipman, is planning to
move on to the West Bay Street
site once owned by her wealthy
grandfather.

She has been advised by a
lawyer friend that the family’s
only hope of retrieving their
grandfather’s estate is by tak-
ing possession.

Now Ms Chipman and her
siblings are planning to occupy
the “Pieces of Eight” property
at Chippingham which was once
the imposing home of their
grandfather, Howard Nelson
Chipman.

Today, the house is a ruin
standing in several acres amid
tangled trees and undergrowth.
The once impressive columns
at its driveway gate have col-
lapsed across the entrance.

Ms Chipman told The Tri-
bune: “We are a poor family
whose land has been taken
piecemeal since our grandfa-
ther’s death more than 60 years
ago. Now we believe it is time
for us to re-establish our
claims.”

Trouble began for the once-
wealthy Chipmans after
Howard Chipman, a white mer-
chant descended from a Nova
Scotia physician who arrived in
Nassau in 1820, died in 1951.

The five children of his rela-
tionship with a black Long
Island woman, Ethlyn Taylor,
were ignored as his vast estate
passed firstly to a woman he
lived with for 40 years, then an
illegitimate white daughter by
another liaison.

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the woman’s husband, the land






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“We area
poor family
whose land
has been tak-
en piecemeal
since our
grandfather’s
death more
than 60 years
ago.”



was escheated to the Crown.
Mr Chipman’s black family —

-including John Chipman and his

five children — say they were
effectively robbed by the white
rulers of the day when the
estate ran into legal entangle-
ments.

They believe a will drawn up
by their grandfather, naming
them among beneficiaries, went
missing. They feel that, in the
climate of the times, it was con-
sidered inappropriate for a
black family to own so valuable
a property.

The black governments that
took control of the Bahamas
after the 1960s have ignored
their call-for justice, they claim.

Much of the former Chipman
land, bought when the white
Chipmans were major players
in Nassau business life, has since
been developed for public and
private purposes.

Some has been used for low-
cost housing. Other plots have
been used for government

‘buildings.

But Mitzi Chipman says the
family is now determined to

abandon its “humble” stance






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on the issue and claim its rights.

In addition to the West Bay
Street site, the family intends
to stake its claim to a vast
acreage out west near the Tray-
ellers Rest restaurant.

Ms Chipman said she is con-
vinced the Bahamian people
will stand behind the family as it
fights for justice.

Last year, family members
demonstrated outside the West
Bay Street property calling on
the government to make good
on promises to restore the land
to its rightful owners.

Ms Chipman said she wanted
to build an entertainment and
heritage centre there to mark
the family’s contribution to
entertainment over several
decades.

e SEE next Monday’s

INSIGHT for a full report on.

the Chipman family’s case.

THURSDAY, NOVEMBER 15, 2007, PAGE 7

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S Winston Churchill

used to say, the future

is just "one damn thing
after another."

And prognostication has been
called the world's second oldest
profession. In fact, it's about as
old as the human race — and
found in every age and culture.

The Oracle of Delphi in
ancient Greece was the most suc-
cessful prediction business in his-
tory, prophesying about wars and

- matters of state for about a thou-

sand years, although recent
research suggests the visions. were
produced by hallucinogenic gas-
es seeping from a volcanic fault
line.

Today the future predicting
business is a multimillion-dollar
industry ~ and we are not talking

- about telephone psychics here.

There are tens of thousands of
futurists who make a living fore-
casting how things will stack up in
the future. Perhaps the most
famous among them is Alvin Tof-
fler, who wrote a book called
Future Shock in 1970 that has
sold millions of copies. ‘



“Experts say
there have
been more
changes in the
past 50 years
than in the
previous
50,000.”



Future Shock is a term coined
by Toffler to describe how too
much change in too short a peri-
od of time can affect us. He
applied it to the transformation
we are undergoing into a "super-
industrial society". According to
Toffler, overwhelming changes
often leave people disconnected
and suffering from "shattering
stress and disorientation" — a. con-
dition which, he claimed, has
spawned many of today's daunt-
ing social problems.

~ Well, there is little doubt that

we are.on-a technological roller.

coaster. Experts say there have
been more changes in the past
50 years than in the previous
50,000. And they forecast that
the next half century will see
even more radical changes in the
way we live. ,

One of Toffler's top students
was Dr. James Canton, who went
on to found a think tank called
the Institute for Global Futures,

FOODARTF

os

and. now advises Fortune 1000
companies and governments
around the world on trends that
are expected to reshape business
and society. His latest book, The
Extreme Future, is this genera-
tion's Future Shock,

Canton doesn't read animal
entrails to make his predictions.
He takes an educated and
informed look ahead to identify,
sort and analyse the innovations
and trends that will shape the
future. The tools he uses range
from market research and com-
puter models to human intelli-
gence.’

His new book was developed
from a long-range strategic fore-
casting project undertaken for a
variety of US government agen-
cies and multinationals. Its main
theme is convergence: pointing
out the innovations in biology,
physics, information technology
and other areas that will all come
together in some truly amazing
ways over the next five to 20
years. :
For example, in the future the
Internet will be an all-pervading
presence, with 3 billion people
connected (up from about a bil-
lion today). "The CIOs of today
are the CEOs of tomorrow,"
Canton says. "There will not be a
business decision that will not be
technology driven...and within 10
years, advanced nanomaterials
will bring about a thousand-fold
improvement in network com-
puting power and performance."

This means that there will be
so much computing capacity that
companies will be able to lever-
age data in ways that are only
barely conceivable today. This
means that the virtual enterprise
will become a reality, with every-
one always connected and able
to work from anywhere. But
more interestingly, Canton says
the Internet points to a linkage of
millions of computer minds, with
powers that defy traditional mea-
sure,

~-'The combination of sheer
power of so many computer
brains and networks is a reality
soup of infinite possibilities — one
being artificial life. Things are
not just getting more connected
but smarter and vastly more pow-
erful. This self-awareness may be
beyond human understanding."

Sci-fi, you may think. But in a
more measured way, Canton
goes on to outline the top 10

LARRY SMITH

THE TRIBUNE





trends that he says will produce
the strategic challenges that every
person, organization and nation
will have to face in the future.
And energy is at the top of the
list.

The United States currently
uses more than 26 per cent of the
world's oil, and world demand is
expected to rise by 50 per cent
by 2020 as China, India and oth-
er emerging economies seek to
fuel their fast-paced growth. The
reality is that another three bil-
lion people will be added to the
planet in the next 50 years, and
new global oil discoveries peaked
decades ago. —

rom this Canton extrap-
olates that "energy secu-
rity will become an
explosive battleground" affect-
ing the rise and fall of nations,
and new technologies such as
hydrogen, wind and solar power
will attract huge investments,
invigorate global commerce and

‘spawn new industries: "Energy

will shape every aspect of the
Extreme Future, from security to
transportation to healthcare and
growth. We must prepare now
by investing in alternative energy
sources." cate
His second major observation
focuses on the innovation econ-
omy — a prediction that future
commerce will be driven by a
new convergence of economics,
democracy, trade and technology
that will determine the leader-
ship of nations and competitive-
ness of business. And since
knowledge is the currency of the
innovation economy, we must
reinvent education to compete.
That means creating a future-
ready school curriculum with
more science, more innovation, a
more global outlook and more
entrepeneurial skills; retraining
teachers for the innovation econ-
omy, paying the best more and
firing the slackers. Education
should be all: about how to sur-
vive in'the Extreme Future: «
- Flowing from this is Canton's
forecast of a global war for talent,
which is the key to business suc-
cess. There will be more jobs
than skilled people to fill them,
and companies will compete
aggressively for the growing
shortage of skilled people. The
Bahamas is already experiencing
a brain drain, with our brightest
and best staying abroad. And this
trend can be expected to accel-
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THE TRIBUNE

THURSDAY, NOVEMBER 15, 2007, PAGE 9 -



erate unless we implement
changes.

Meanwhile, healthcare will be
transformed by biotech and
genomics into the largest market
of the future, Canton says, so
people will live longer, healthier
and more productive lives. The
human enhancement market-
place will provide us with new
organs, new memories, new
limbs, new skin and new lives.
This will help the developed
economies survive with their
rapidly aging populations.

mazing — scientific
_ advances like perva-
sive, always-on wire-

less Internet, teleportation, smart
materials, and space tourism will
change every aspect of our lives,
culture and economy, leading to
new jobs, new products and new
options, Canton predicts. And
nations and businesses that invest
in future science will profit in
economic growth.

A new risk landscape is.

emerging — from eco-war, to
Internet hackers, to terrorists, to
mind control — which will pose
unexpected challenges for indi-
viduals, governments and com-
panies. In this scenario, the per-
sonal security market will
become extremely lucrative. Bil-
lions more people will be shar-
ing the planet and governments
will attempt to control us under
the guise of the common good.
Globalization will present
both risks and opportunities in
the near future. The linkage of
national economies into one vast
network is the ultimate goal of
globalisation and if handled cor-
rectly it can drive democratic
reforms, reduce terrorism and
promote social and economic
progress. But it will also create a
battle for the future, with
despots, criminals and extremists
seeking to hijack the process. We
can see this happening today.
The environment is changing,
Canton says, and we need to pre-

pare for increased global warm- ~
. ing, pollution, and threats to bio-

diversity. Climate change is real,
it cannot be fixed fast enough,
and it will pose a serious threat to
international security and pros-
perity in the coming decades. But
at the same time, this will offer
business a big financial opportu-
nity to clean up the planet, Clean
technologies are a $10 billion






Designed to:
















training

in Mixology”

industry today, but Canton fore-
casts that this market will grow to
$150 billion within just 10 years.
The near future will provide
opportunities for personal wealth
creation that will underlie all oth-
er trends. Individual invention
and innovation will accelerate
business success. But, he says, we
will also struggle to balance indi-
vidual freedom, privacy and secu-
rity. By 2015, closed-circuit secu-
rity cams will be ubiquitous in
many countries; including the US
(we are already talking about it
here). And Canton says individ-
uals must be alert to protect their
rights to personal freedom.
"The real threat to individual
rights...will be the creeping inse-
curity caused by more identity
crime, more terrorism, even more
economic downturns or disrup-
tions," he says. "The real threat
will come in the form of a deal
with the devil, in which we will
trade our individual rights and
freedoms for more security. This

\



“The envi-

ronment is

changing,
Canton says,

and we need
to prepare for

increased
global warm-
ing, pollution

and threats to

biodiversity.”



is a dangerous trend that we want
to resist."

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s-on skills which -










inally, Canton addresses
Pit: future of America
and.China, noting that
the destiny of these two great
nations — from capitalism to
democracy, to innovation and
security — will shape the future.
China will be building a city big-
ger than Philadelphia each year
for the next 20 years, he says, and
the transformation of this
immense nation will redefine
commerce, communications and
culture.

"The truth is that no-one is
prepared for the fast-paced and
comprehensive changes that Chi-
na is bringing to the global econ-
omy — not even the Chinese,"
Canton says. "The central ques-
tion of the future is the extent to
which America and China will
cooperate. It will take balanced
and wise leadership, on both
sides of the world...Missing this
historic opportunity would be a
mistake of epic proportions."

Canton's thumbnail sketch of

plan for the future 7

the world of 2015 boils down to
this: Extreme competition, com-
plex technology, dynamic global
trade, increased population, dis-
ruptive acts of terrorism, sophis-
ticated crime, climate risks, and
expensive energy: "The level of
accelerated change and the com-
plexity of challenges will be like
snowboarding an avalanche from
the top of Mt Everest."

Many of the prescriptions.

offered by Canton to address
these challenges can be applied
to the Bahamas. Reinventing our
education system, for example;
taking climate change seriously;
diversifying our energy sources;
liberalising immigration and
accepting moves towards global-
isation. In short, we should be
thinking and planning for the
future.

What do you think? Send com-
ments to

larry@tribunemedia.net

Or visit www.bahamapundit.com

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PAGE 10, THURSDAY, NOVEMBER 15, 2007

ert iT Pate:

Ue EDR h teak ALUM abcess mation abl Aa asi)

LPL e eerie Reels armel so duke iti Doil ata araTe est
See Sse MD MM ues me SeM s MS mot twat cant ts

ST SCRE nr cin it MO bint cor UMM Renta: cnn Can ST My Ta

it eo aS



XTRAI Es: SHIFT. th futon



THE TRIBUNE



Do you know where escaped

Cuban detainees are hiding?

Public urged to contact RBDF search departments

ii By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

The Royal Bahamas Defence
Foree has urged members of the
public to contact their 24-hour
operations or search and res-
cue departments if they have
any information regarding the
recently escaped Cuban
detainees.

‘The same numbers should be
used in relation to any maritime
matters of public concern, said a
release from the RBDF yester-
day.

The operations department
can be reached at 362 2821, and
the search and rescue unit at
362-2494, 362-0338/9 or 362

1856. The Three Cubans — Nor-
je Rayes Hernandez, 38, Juan
Ramon Arona, 34 and Nolvis
Hidalgo Fonsesca — have been
at large for a week and a half
after escaping from the
Carmichael Road Detention
Centre last Monday, November
6.

The escaped marked the sec-
ond time in less than three
months that Cuban nationals
were able to break out of the
facility. :

In the latest incident, the men
were said to have scaled the
chain-link, barbed wire fence
surrounding the centre. It is
thought that they could have
sustained some injuries in the
process.

Yesterday, an RBDF officer

said that the force had received
one tip as to the men’s where-
abouts since the break out, but .’
following up on it, failed to find
the escapees.

He said that once an investi-
gation into the matter is con-
cluded, it is anticipated that the
Commodore, Clifford Scavella
will convene a board of inquiry

which will then question the: ..

officers on duty at the time to, |
determine whether a neglect of
duty led to the outbreak.

Once the board has conclud-
ed their inquiry, the com- ’
modore will then be in a posi-
tion to determine the correct
course of action to be taken
with respect to these officers, if -
any, he said.

Diamonds International raffle
raises cash for children’s home

Proceeds to
help reduce
charity’s debt

Diamonds International con-
tinued its support for the Ran-
furly Home for Children by
once again holding its annual
raffle.

The event, held on Friday,
netted more than $5,000 for the
home.

Emcees for the evening were
Bahamas Fast Ferries’ Khalis
Rolle and Franklyn Wilson of
Arawak Homes.

Toni Gad, Diamonds Inter-
national’s managing director
and Dominic Sturrup, the com-
pany’s marketing development
director, welcomed Minister of

State for Social Services and:

Community Development,
Loretta Butler Turner.

“We were once again happy
to get involved in a community-
based project,” said Anthony
Smith, the company’s marketing
manager.

He noted that many people
believe that since the Ranfurly
Home is one of the most well





Michael Bethell/Tribune Sales Executive

WORTHY CAUSE: Pictured left to right: Tribune managing director Roger Carron,
his wife and Tribune publisher and CEO, Eileen Carron, managing director of Dia-
monds International, Toni Gad, and marketing development director of Diamonds

International, Dominic Sturrup. The Carrons were present to lend their support to

the fund-raising effort. °

known charities and enjoys a
great deal of public support, its
needs are not as urgent as those
of some other organisations.
However, according to Mr
Smith, the home’s urgent level

Rustic

_ Mo

saic ff

Armoire

of need is clearly illustrated by .
the $90,000 deficit it currently
finds itself burdened with.

He said the proceeds of the
raffle will go directly to reducing
this debt.





THE TRIBUNE

THURSDAY, NOVEMBER 15, 2007, PAGE 11







home for local conch.

TEACHERS designed brochures pron



Abaco educators take part in
Treasures in the Sea workshop

Twenty-one Abaco educa-
tors participated in.a spécial
Treasures in the Sea Training
Workshop over the midterm
break.

The workshop was facilitat-
ed by D’Shan Maycock of
Friends of the Environment and
Monique Sweeting, workshop
facilitator for the Treasures in
the Sea Working Group

Funding for the workshop
was provided by the Bahamas
National Trust through a grant
provided by the Discovery Land
Company Developer's of the
Baker’s Bay Golf and Ocean
Club at Great Guana Cay.

The two day workshop pro-
vided teachers with the oppor-
tunity to become familiar with



this new teacher’s resource
developed by the Center for
Biodiversity of the American
Museum of Natural History, the

the Bahamas Ministry of Edu-
cation. The resource focuses on
the Bahamas’ three main fish-
ery resources
and grouper, to teach the con-

. cepts of form and function, life

cycles, habitats, interdepen-

dence, economic and cultural :
: of the Southeastern Division,
All teachers received a copy } Chief Superintendent Stephen
: Dean spoke of the need for

materials to complement activ- ; More partnerships between the
ities in the resource. The pro- | RBPF and the business com-
? munity to combat the rising lev-

values and conservation,

of the book and a folder with

duction of Treasures in the Sea
rial.

PART of
the work-
shop was
a field trip
to the
coast to
explore
coastal
habitats
and learn
about
man-
groves.

WESTERN AIR
FLIGHTS ATTENDANTS

OPEN HOUSE INTERVIEW



Saturday 17th November @ 10 a.m.

At least 18 years old.

Well groomed and physically fit.
Pleasant Personality.

Excellent communication skills.
Computer Knowledge



Bring resume.
Location: Executive Flight Support

Left of Lynden Oscar Pindling International Airport
No Phone Calls Accepted

Bahamas Bus & Truck Co., Ltd.

- Montrose Avenue
Phone:322-1722 ¢ Fax: 326-7452

was supported by Colina Impe-_

| â„¢ By TANEKA THOMPSON

Tribune Staff Reporter
tthompson@tribunemedia.net

A NUMBER of armed rob-

: beries and thefts at business
: establishments could be pre-
; vented if more business owners
: adopted preventative measures,
: a senior police officer said yes-
f. Sha : terday.

noting Grassland Acres as the perfect ines thaweoabiiehine for. The
; announcement of the upcom-
: ing Crime Prevention Seminar
: hosted by the Bahamas Cham-
: ber of Commerce, the Royal
: Bahamas Police Force, and
: Crime Stoppers Bahamas. The
; annual seminar is scheduled for
: November 19 at the Conference
: Centre at Police Headquarters
: on East Street.

Bahamas National Trust and :

This statement came during

The seminar will consist of

: four sessions, from 8.30am to
: 4pm, The co-ordinators of the
: seminar plan to address the
conch, crawfish
: businesses and many strategies
: to deter criminals from target-
: ting businesses.

“vexing” issue of crimes against

Yesterday, officer-in-charge

el of crime.
“Today this is an absolute

: example of what should happen
: when the business sector and















Business owners urge
to combat armed robberies, thefts

the police force join forces
together. We realise that the
fight against crime is not only
the (police’s) problem and so
we decided to join our forces
together to look at how best we
can educate the public particu-
larly the business community
and take a bite out of crime.”

He encouraged members of
the public, particularly business
owners, to attend the seminar
and take advantage of the edu-
cational tools that will be dis-
cussed to stem the rise in armed
robberies of businesses.

President of the Bahamas
Chamber of Commerce, Dioni-
sio D’ Aguilar, described crime
as a “vexing” issue for most
businesses.

“Tf it isn’t armed robbery then
it is the enormous amount of
employee theft and fraud com-
mitted by customers,” he said.
“It is important for businesses
to learn about strategies to
make it as difficult as possible
for persons to commit crimes
against their employees, their
customers, and their business.”

A “different breed” of crimi-
nals exists in the Bahamas
today, community activist Car-
los Reid said. “My job inside
this summit is to be able to get
down to some of the root caus-
es of why some these young
people have this type of men-
tality.”

At 9.30 am, during the ses-
sion ‘Crime, criminality, and its



WOOO AAA |

=
~
ey
“XN
N
NN

AMEPLIBIANAAN

W144



impact’ will be discussed. Psy-
chiatrist Dr David Allen, Carlos
Reid, and Bahamas Christian
Council Member Rev C B Moss
are slated to give remarks.

At 10.45am there will be a
panel discussion on crime.

Robbery prevention, employ-
ee screening, embezzlement,
and the neighbourhood and

business policing programme



Cr eC ati
Association

d to take steps

will be discussed by Senior
Assistant Commissioner Ellison
Greenslade and Deputy Direc-
tor of Public Prosecutions
Cheryl Grant-Bethel, among
others.

The afternoon session will
include a discussion on the
‘Powers and role of the judicia-
ry’ and ‘Executive and employ-
ee protection against violence.’



announces
Upcoming General Meeting Dates
Nomination of Officers
Thursday, 15th November 2007
and
Election of Officers

Thursday, 29th Novem

To be held at 6:

er 2007

Opm Nightly

At BHRA MotorSport Park

Q.E. Sports Complex





WOdVdeD MMM.

Reloj Tank Frangaise





CARTIER BOUTIQUES:
Nassau: 284 Bay Street * Tel.: (242) 302 2872 |
: Paradise Island: Crystal Court, Atlantis + Tel.: (242) 363 5808



PAGE 12, THURSDAY, NOVEMBER 15, 2007 THE TRIBUNE

Minister reveals BAIC
is millions in debt

FROM page on ees/contractual staff were hired between May
pag ie 2002 and December 2003 a net increase of 17
staff members as five others had their services

terminated.
During the second half of 2003 there were sig-





&

Wrap your home in the colours
of your dreams this Christmas

2003. The minister pointed out that
this was an increase of $670,624 or 71.12 per
cent.

He said that professional fees were largely
made up of payments to Universal Legal Ser-
vice Associates in the amount of $84,000; Ear-
lin Williams $38,000; Capital City Markets
$18,000; Godfrey Eneas $21,000 and Erring- Park is 461,973 per annum at occupancy level.

ton Watkins $23,000. ‘ . However, the revenue collected for the year
Travel and entertainment expenses includ- — 4.)3 Wag $331,765.

ed costs related to airfares accommodations, Mr Cartwright said that this has resulted in an

transportation and meals from travel within increasing amount of Accounts Receivable for
and outside of the Bahamas,” Mr Cartwright the Park which was $1,059,720 at December

said. : = mB
: 31 2003. Despite the addition of a Collections

ee Hotes Malarprona ly Officer and a Collections Assistant there was no
yA significant movement of effort made to recov-_ .

sion to China. Lethe niounts
Additionally there were large payments to ne ;
Royal Bank of Canada Visa a Restaurants The Board Minutes reflect that 2 suppestion
was made to out source the collection effort.

that‘are, ine luded'in the Business and Enter The minister said that the micro-loan facility
tainment figure of which $35,000 was attrib- f 1
uted to the chairman at the time, the then Mem- “8 DUE OE COD Ota

: f ; “There were significant breaches as far as
ber of Parliament for the constituency of Hoy documentation and overall administration of

Cross.
ane é the programme were concerned,” Mr
Advertising and Promotions grew substan- Cartwright said.

tially from $18,000 to $132,000 with that figure ss : ‘
; ; a costs a The minister said that while the report for
pein HA eee nts tose eae 2004 is not as gloomy as that of 2003, but much
cations $23,000, Capital City Marketing $18,000, wae aid ocine ae loss decreased from
Global Business Press $17,000, The Nassau $1.613.567 to $812,596 eS
Guardian $9,000 and Earlin Williams $8,000. M Cc é aa ites
Mr Cartwright said that Mr Williams was t Cartwright said that this improvement
was attributed to a reduction of the adminis-_

contracted to provide promotion, marketing .
and publications, speech writing and special seeds 46. d general expenses from $1,005,097 to

project services in September 2002. This im
a6 ‘ provement was led by the cost con-
In October 2002 the then minister with tainment in the professional fees line from

or maby tot Bee that the con- $234,000 to $20,000; travel and entertainment
Th Bi Hoa sq of Directors Rated ts teuminate «es decreased from $232,000 to $65,000; office
‘ : expenses decreased from $43,000 and adver-

- the contract by February 1, 2003. cone ;
“Subsequent to the termination Mr Williams ca PIOROnORS cul #FOn $132,000 to

submitted invoices and billing to the corporation : ‘ :
: et wit ; However, Mr Cartwright said that during the
for $35,225 which were paid,” the minister said. year, the accounts receivable on rentals grew by

Mr Cartwright said that Mr Williams was $ : : :
; ; 106,000 with very little movement in the col-
also provided with travel advances from March lschibns Ghtha mince lowes:

to November 2003 in the amount of $4,290. . i
“Tt is noted that invoice and travel advance ne papa the ren collections Rad: on
; cash flow in a growing bank overdraft.
request forms were generally signed and “The impact the revenue collections had on
approved for payment by the Executive Chait- 4.4 flow resulted in a erowing bank overdraft.

“De a she" Pe ecinhi in the public sector This growth also resulted in ‘higher overdraft
P ee interest charges,” he said. :

hiring, Mr Cartwright said, 22 new employ-

number of staff.
This subsequently led to an increasing month-
ly payroll, which spiked at nearly $140,000.
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THE TRIBUNE

THURSDAY, NOVEMBER 15, 2007, PAGE 13



Minister claims amentiments

LOCAL NEWS

to sportsfishing regulations
‘threw the industry | in ‘iisarray’ =

FROM page one

allow visitors to enjoy fishing
in the Bahamas and at the same
time protect the country’s
marine resources.

The new regulations, the min-
ister told the House of Assem-
bly, will prevent an “unscrupu-
lous minority to exploit our
marine resources and abuse our
hospitality.”

Late last year, former Agri-
‘culture and Marine Resources
‘Minister Leslie Miller intro-

duced new catch limits which
drastically reduced the amount
of fish sportsfishermen can take
out of the Bahamas.

Despite major objections and
boycott threats by foreign
sportsfishermen, Mr Miller
vowed that the amended limits
would remain in effect. He said
that the limits were necessary
to protect and enhance the
Bahamas’ natural marine

'. resources.

Addressing parliament yes-
terday, Minister Cartwright said

that some of the amendments:

made by the previous adminis-
tration caused considerable con-
fusion as to the position of the
Bahamas government in regard
to the promotion of sportsfish-
’. ing — an activity in which per-
sons visiting the country are
encouraged to partake.

“Although it was indicated
that provisions would be made
so that the changes would not
negatively impact the conduct
of approved sportsfishing tour-
naments in the Bahamas, this
was not done,” Mr Cartwright
said.

As a consequence, the minis-
ter said, sportsfishing tourna-
ments that were scheduled to

~take place this year were
“thrown into disarray.”

“In the midst of uncertainty,
many regular visitors to the
Bahamas who used sportsfish-

_ ing as a vacation or recreation-

al activity, chose to either stay

away from the Bahamas or to
curtail their number of visits
here.

and marinas reported signili-
cant reductions in bookings,”
Mr Cartwright said.

The minister said that in the
past there were complaints that
some visitors were selling fish-
ery products caught while using
a sportsfishing permit.

“Such sales are now specifi-

cally prohibited in the regula-

tions.

“Every effort will be made to
ensure that those afforded the
privilege of fishing in our
waters, do not abuse that privi-
lege,” Mr Cartwright said.

Explaining the new catch lim-
its for foreigners fishing under a
sportsfishing permit, the minis-
ter said that in terms of demer-
sal fish — species such as
Groupers and Snappers living
on the bottom of the sea — the
catch limit is now 60 pounds or
20 fish per vessel.

For the pelagic species, such
as Wahoo, Tuna, Kingfish and
Dolphin, the catch limit is now
18 fish per vessel.

For Crawfish, the limit is now
10 per vessel. The small catch
limit of six Conch per vessel has
also been reinstated, the min-
ister said.

Mr Cartwright said added.

that there is no allowance for
the capture or possession of
marine turtles by foreign per-
sons fishing under a sportsfish-
ing permit.

All species of Billfish, Sword-
fish, Sailfish and Marlins,
including the Blue Marlin, may
be taken only on sportsfishing
tournaments, where specifically
permitted under the approved
rules of that tournament.

Mr Cartwright told parlia-
ment that changes have also
been made to clarify whatia
sportsfishing visitor can legally
take aboard his vessel when
leaving the Bahamas.

“After visiting the Bahamas a
foreign vessel that had a valid
sportstishing permit will be
allowed to take out of the coun-
try an amount of marine prod-
ucts equal to that amount that
could be legally aboard under

_ these new regulations,” he said.

“Many Family Island hotels

Lawyers seek psychiatric
evaluation for murder convict
FROM page one

_~ _tencing on the murder conviction. It was at that time that Hutchin-

-son’s attorney Murrio Ducille made a request to have his client
undergo a psychiatric evaluation while noting that sentencing
guidelines only.call for the court to be provided with a social
inquiry report.

Deputy Director of Public Prosecutions Cheryl Grant-Bethel did
not object to Mr Ducille’s application for a psychiatric evaluation
and report. Justice Isaacs noted that he was not sure just how long
it would take for Hutchinson to undergo a psychiatric evaluation,
however, he adjourned the matter to December 19 at 1 pm. While
being escorted from court Hutchinson was confronted by a woman
who taunted him with a noose as he was led back to Central Police
Station. Hutchinson only smiled.

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Concerns over
fake lawyers

FROM page one

outcome can be disastrous, the judge said.

“They (the unqualified persons) are a danger. They know
little except how to draft up legal documents and make them
look good, but they know nothing about the law. They fill per-
sons with false hopes, which often leads to those persons com-
ing to court with little hope of success. The end result is a dis-
aster, both emotionally and financially,” Justice Lyons said.

He pointed out that there is a very good reason why lawyers
are called to the Bar and why there is a Bar Association to
oversee them.

“That reason is to protect the public and to make sure that at
all times high standards are maintained,” he said.

Justice Lyons in the Success Training College case dismissed
the defendant Dr Phillip’s counterclaim against former South
Andros MP Whitney Bastian and Dr Deswell Forbes.

In 1998, as shareholders of the Success Training College in
New Providence, Mr Bastian and Mr Forbes established a satel-
lite college in Freeport. They chose Dr Phillip to spearhead
that venture.

_ However, after two years Dr Forbes became dissatisfied with
Dr Phillip’s conduct and terminated him. The Industrial ‘Tribunal
in 2002 found that Dr Phillip was properly terminated.

Notwithstanding the termination, Dr Phillip continued to
think he ran the company, Justice Lyons said in this ruling.

Dr Phillip further contended that he owned 1,500 shares in the
Freeport Success Training College.

However, Justice Lyons ruled that Dr Phillip had no claim ta
the shares.

“His case had nothing to do with his belief that he was a ben-
eficial owner of 1,500 shares in Success Freeport. He just want-
ed to put the screws on Dr Forbes and Mr Bastian for a decent
fistful of dollars to help him out of his retirement.

“The irony is that had he approached Dr Forbes and Mr Bas-
tian with his concerns and fears (that are common to all who are
approaching retirement age), and had he done the right thing,
they would have done the right thing. He would still be at the
Freeport College in the senior role of running it for a fair
salary,” Justice Lyons said.

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FROM page one

legitimately have to resort to a
contingency order for things that
were not budgeted for.

Secondly, he said he had heard
the argument that the $20 million
figure set in L988 was too low for
ihe contingency limit, and should
be increased, However, Mr Ingra-
ham said, he is not now persuaded
to clo so.

“Tam inclined to see how we
can manage with the $20 million.
1 am inclined to come to Parlia-
ment with any extraordinary
expense by way of supplementary
appropriation bills. And if Tcan’t
wail to come to Parliament we
will certainly operate within the
$20 million dollar limit during my
tenure in office this time,” he said.

Mr Ingraham presented figures
(o the House of Assembly for the
years from 1997 to 2006 and 2007.

During the years of the FNM
from 1997 to 2002, the statistics
revealed that the government at
that time spent $302 million in
contingency orders. For the peri-
od 2002 to 2007, the PLP govern-
ment’s figures totalled $731 mil-
lion.

In a document from the Min-
istry of Finance on the recurrent
supplementary funding justifica-
tion for 2006/2007 it is recorded
that oyer a million dollars was



Home or Office Partie

EXTRAVAGA

- 5:30 pm

THE TRIBUNE

PM criticises contingency funds

paid out to costs awarded in the

Office of the Attorney General. |

Also a line from November 16,
2006 for the Airport Authority
claims $65,389 for the renaming
ceremony for Nassau Interna-
tional Airport to the Lynden Pin-
dling International Airport.
Although government may
have spent some $179 million out-
side of the authorized appropria-
tion bill by Parliament, Mr Ingra~
ham said, that does not necessar-
ily mean that the government
overspent to that extent.
However, Mr Ingraham stated
that when they next present a sup-
plementary appropriations bill
before the House they will pre-
sent more accurate and realistic
figures for corporations and goy-
ernment agencies than the nor-

_mal “unrealistic” ones that are

normally used in the budget.

Such entities include, but are
not limited to, Bahamasair, ZNS,
and Water and Sewerage Corpo-
ration,

“We know that Bahamasair will
not make it with $11 million. We
know that. But every year we con-
tinue to put these ridiculous num-
bers in the budget and during the
course of the year we use the con-
tingency provision to give

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Bahamasair its extra money.

“Well when we come to the ©

House in January or February
with the mid-term statement that
I promised we will have, we will
come with what the true subsidy
of Bahamasair is. We will do the
same thing for ZNS and the

Water and Sewerage Corporation. ‘

Because I believe that once mem-
bers of the public know how much
money we are spending on. these
entities, then reality is going to
set in for us in this place,” he said.

Mr Christie, who spoke follow-
ing Mr Ingraham’s contribution,
took exception to the view, by
insinuation, that his government
was careless with the public’s
money,

Mr Christie reminded the

House that the country went +.

through the economic downturn
following the terrorist attacks on
September 11th, and the havoc of
three major hurricanes. Also, to
foster the attraction of major for-
eign investors, Mr Christie added
that capital development needed
to be done in the Family Islands.

These included, but were not lim-_ ,’

ited to, installing running water
in the southern islands, and light-
ed runways throughout 17 of the
Family Islands.

























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. re es. ak ee LY,

hae aw ihe TE EF

‘oof 6 0.0 33 By ge OE BO IS, yp 19 1 Se meet

A ate mB, WY. Fs



-THE TRIBUNE



AeA YCSSTEATIE 21601) 05 6

“FROMpaeoe BEC is criticised in election court

Bahamas Telecommunications
Company (BTC), the Ministry of
Housing, the National Insurance

- Board (NIB) and the Road Traf-
fic department yesterday all sub-
mitted documents to the court,
from subpoenas issued on
November 2.

However, PLP lead counsel
Philip “Brave” Davis told the
court that he was “concerned”
with what was happening with
BEC. Of the 159 people Mr Davis
said he requested information
about from the company, BEC
only provided information on 61

these individuals as of yesterday .

morning.

What was supposed to happen,
Mr Davis said, was that one of his
junior counsel was to meet with
BEC to determine what informa-
tion was relevant before the infor-
mation was forwarded to the

* court. However, since November
7, he said, they have attempted
to meet with BEC, but were
unable to.

The PLP lead counsel told the
court that he intervened in the
wake of the difficulties his junior
counsel faced scheduling a meet-
ing with the corporation.

Up to Monday Mr Davis said

he still faced difficulties with this
issue, and then wrote to BEC’s

attorney — Oscar Johnson — copy-

ing the General Manager Kevin .

Basden and a Shelly Cooke, advis-
ing them of these difficulties, while
also advising Mr Basden to appear

: before the court. This led, he said,

to the receipt of the information
regarding the 61 people out of the
159, they received.

Mr Davis told the court that
this behaviour was “alarming” and
“distressing” and this exercise
requires explanation from BEC.
They appear to be “cherrypick-
ing”, Mr Davis charged.

Furthermore, Mr Davis showed
the court some of the information
provided by BEC which had writ-
ten analysis on it of whether vot-
ers lived in Pinewood or not.

Mr Johnson told the court that
he was not aware that the meeting
was not held, and upon inquiry, he

‘was informed that information
was processed on 61 people and -

the remainder was being com-
piled.

Senior Justice Allen told Mr
Johnson that he and BEC were
treading on dangerous ground,
when he was addressing the court
on the issue. Regarding the writ-
ten opinions on the documents
provided, Senior Justice Allen

Missing man’s Car

FROM page one

40’s, was last seen by his colleagues at his work place of Zorba’s
Restaurant in Port Lucaya at 11.45pm on Saturday.
His wife saw him last at 11am on Saturday when he left their
home. He has not been seen or heard from since. 5
Police told The Tribune yesterday that the vehicle, a two-door
Mitsubishi Eclipse, driven by Mr Lightbourne, was found. at the

-- RND Plaza.

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

| award.

| If so, call us on 322-

| 1986 and share your
story. reel

said it is not for BEC to decide
who lives in Pinewood, to which
Mr Johnson agreed.

Justice Jon Isaacs asked Mr
Johnson if he brought his client
to court, to which Mr Johnson
said no, but pledged to have Mr
Basden in court momentarily.

Mr Basden appeared at the end
of the morning session and his
attorney asked the court if he
could be allowed the opportunity
to speak with Mr Davis in order to
organize the production of the
remaining information — to which
Justice Isaacs raised the question
that this pledge was previously
made to the court. Senior Justice
Allen too raised a question as to
why Mr Basden did not obey the
previous order.

The court ultimately allowed
Mr Johnson to meet with the PLP
legal team to coordinate the pro-
duction of the remaining infor-
mation, and it is expected that the
court will be informed today
about the status of the documents.
Senior Justice Allen informed the
BEC representatives that there
are to be “no notes” on the
remaining documents, while Jus-
tice Isaacs informed BEC that it is
not within their discretion to tell
the petitioner what information
they can and cannot receive. Mr
Johnson agreed that there will be
no notes on the remaining infor-
mation, while Mr Basden did not

“address the court directly during
his appearance.

The initial lack of appearance
of a representative of the Depart-
ment of Immigration was also of
issue yesterday.

Senior Justice Allen ordered a
clerk to contact the department,
with Lambert Campbell, assistant

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EVES) a

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director of Immigration subse-
quently showing up before the
court.

Mr Davis had said that Mr
Campbell was served on Novem-
ber 12.

When Senior Justice Allen
asked why he did not attend, Mr
Campbell said the request to
appear escaped his attention.
When asked if he had the infor-
mation requested — which per-
tained to Manani Taylor — Mr
Campbell told the court that there
are no such documents
in the Department of Immigra-
tion.

Mr Davis took strong issue with
this assertion. He argued that this
person was picked up by Immi-
gration and was in the Detention
Centre’ before being deported to
Jamaica by them. —

That department, Mr Davis
said, ought to have a record of
this, along with a record of the










EOS



20670 oe 300-3303
pe le al

status the man once held.

Senior Justice Allen advised Mr
Campbell yesterday that she will
allow him to review the matter
and return today. Mr Campbell
was not on the witness stand
under oath when he made
his remarks regarding Mr
Taylor.

Sixteen voters also testified yes-
terday. Ian Nottage, who said he
lives with his mother Louise’
Miller, who also testified yester-
day, pointed to a location out of
the Pinewood constituency when
asked to show where he lived by
Justice Isaacs.

The Form B declaration with
the Parliamentary Registration
department recorded Mr Not-
tage’s address as 44b west of Ash
Road, north of Sapodilla Blvd.
However, Mr Nottage said he
lived with his mother, and on the
counterfoil it indicated that she
lived at 4084 south of an unnamed

Manufacturers Are
Mahing [2 le Tewricon
Manufacturers are diversifying
Bahamian products and
lowering dependence on imports.

Jennifer Ageeb

Sundrop Creations



waweH 15, 2007, PAGE 15

road, west of Windsor Terrace.

Initially, Mr Nottage pointed
to an area within the Pinewood
constituency on the constituency
map in the court.

However, when asked to show
the location on a more detailed
map provided by surveyor
Stafford Coakley, which has the
constituency map outlined on the
Pinewood subdivision map, the

_ area he indicated was outside the
, boundaries lines drawn by Mr

Coakley.

Two voters also told the court
that they live in Sir Lynden Pin-
dling Estates. N’keba Williams
said she has lived in phase 3, a
new section, of the subdivision for
16 months; while Yolanda Stra-
chan-Stubbs said she lives at 2977
in this subdivision. _

Representatives from BEC, the
Department of igration and
possibly nine other witnesses, will
take the witness stand tomorrow,
along with the conclusion of the
cross-examination of Patrice
Cleare by FNM Lead Counsel
Michael Barnett.







wee oe ee ee
MY RAMAMAS!



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PAINTER’S CAULK

PUTTY

Fad Laal

aia

Seu
INT EXT LATEX
a ICU

UR yatta

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PAGE 16, THURSDAY, NOVEMBER 15, 2007 i THE TRIBUNES .-)

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THURSDAY, NOVEMBER 15, 2007, PAGE 17



















eee ny





THE TRIBUNE

INTERNATIONAL NEWS

PAGE 18, THURSDAY, NOVEMBER 15, 2007





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country’s terrorism minister
warning of a 30-year battle
against extremists, according to
Associated Press.

Prime Minister Gordon
Brown said airports and 250 of
the busiest train terminals will
get new blast barriers and
impose strict limits on access
for public vehicles.

In addition, Internet and
technology companies in Britain
will be asked to help stop ter-
rorist propaganda being dis-
tributed online, Brown said.

The review of nearly 900 pub-
lic spaces was conducted fol-
lowing failed car. bomb attacks
in London’s West End enter-
tainment district and Glasgow
airport earlier this year.

Thousands. of movie theaters,
shopping malls, hospitals and



schools will be advised on how
to protect the public from
bombs.

Brown said a review led by
terrorism minister Alan West,
former head of the Navy, had
found no lapses in safety, but



recommended extra protection
against car bombs — a tactic

~ once used by Irish Republican

terrorists and now adopted by
Islamic extremist groups.

The review came more than
two years after the July 2005
suicide bombings on London’s
transportation system that killed
52 people and the four British
attackers.

Brown said new baggage
checks will be introduced at
major rail terminals, but restric-
tions limiting air passengers to
one piece of hand luggage per
flight are being relaxed.

‘He acknowledged that
changes likely will spell more
disruption for passengers, who
already face strict baggage
checks and long lines at securi-
ty gates.

Some business leaders
already claim to avoid London’s
main Heathrow airport because
of the associated hassles.

At a breakfast meeting with

architects and security experts,

West and Brown discussed
plans to design new public
buildings, including stadiums
and concert arenas, to reduce
the impact of explosions and
shrapnel.

West, also a former head of
defense intelligence, warned
that the current threat of ter-
rorism is likely to last for a gen-
eration.

“Tt will take 30 years to excise
that cancer of terrorism, T
believe,” he said.

Brown told parliament major
work was needed to isolate
extremist preachers and neu-

tralize their message, particu- -

larly following worries school
children have access to violent
propaganda.

Jonathan Evans, head of the
domestic spy agency MI5,
claimed last week young
teenagers were being radical-
ized to carry out terrorist plots.

Brown said Internet and tech-
nology companies will be asked
to help stop the online distribu-
tion of terrorist propaganda,
and he announced that a meet-
ing would be convened by min-
isters.

Public libraries and universi-
ties will also check extremist ee
erature is not being b handed out

on their premises,



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PAGE 20, THURSDAY, NOVEMBER
renee ence ees ess na ca GN

007

INTERNATIONAL NEWS

Strike slo:s French traffic as unions

@ PARIS pivotal standoff with President,

‘. Nicolas Sarkozy over his bid to’ ln a potential breakthrough,
pare down labor protections, ‘kozy accepted a union pro-
according to Associated Press. \| for talks between govern-

But both sides quickly soughta 4 Unions and companies
graceful exit. ted by the strikes about con-
retirement reforms, his

STRIKING transportation
workers cut train service and
forced Parisians to walk, bike or
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chief of staff Claude Gueant told
the daily Le Monde. °

The president ordered letters
to be sent to unions laying out
plans for negotiations, his
spokesman David Martinon said.
Such negotiations could allow

. Sarkozy to secure the pension

reform and protect his reformist
credentials, but on tetms the
unions can swallow. ;

“It’s advancing,” said Prime
Minister Francois Fillon after
meeting with Sarkozy and Labor
Minister Xavier Bertrand.

With British crews on the
trains, the Eurostar between Paris
and London was running as usu-
al — although the strike hit the
same day the cross-channel train
line launched a faster route head-
ing into London’s St. Pancras Sta-
tion. The entirely high-speed train
service shaves 20 minutes off the
trip from London to Paris, and

25 minutes off the London-to- _

Brussels route.

Transport workers trying to
hang on to special retirement
benefits that Sarkozy wants
trimmed are threatening an open-
ended strike with daily votes on
whether to continue, something
especially the



.vublic.
“I support the idea of strikes,
\t not this strike,” said 25-year-
\ Xavier Michel, who skated
miles to his advertising job.
§trike, he said, hurts “the lit-
cys like us” who are “basi-

jken hostage.”
andgyees of the national rail
as Yay authorities and the
‘walkeclectric companies
to extahe job to protest plans
some 5(¢ retirement age for
ers and ¢public sector work-
efits ce} other special ben-
enjoyed fo}, Sectors have
tury. » than a half-cen-
Unlike th\ , 3
that have lonittered strikes
including an ged France —
strike seen as 45 transport
against Sarkozy Wing volley
labor action is a ¢™S — this
Sarkozy’s campaigv€ test of
overhaul France to PMIse to
competitive. \it more
The strikes startet

night when the SNCF mien
















ity halted service on mhor-
Just 90 of 700 trains wees:
ning. Naas

Paris transit workers joit
Wednesday. Gas. and elect




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THE TRIBUNE

resist Sakozy’s reform crusade

THOUSANDS OF public transport workers and civil servants demonstrate in
Marseille, southern France, Wednesday, Nov. 14, 2007. Striking transport
workers slowed France to a crawl as unions and the government dug in for
a pivotal standoff over President Nicolas Sarkozy's bid to strip away labor
protections he says are hobbling growth. Trade unions are protesting
Sarkozy's plans to eliminate special rules that allow train drivers and cer-
tain other public service workers to retire early.

workers went on strike, too,
threatening targeted blackouts to
illustrate their grievances over the
retirement reform.

Students protesting a universi-
ty reform added a volatile note
to the transport strike, blocking at
least 35 of France’s 85 universi-
ties.

“I find it abominable and
above all absurd,” said a fuming
Sorbonne French professor, Lau-
rent Susini, trying unsuccessfully

\\ to get past a handful of pickets.

\ Students opposed to the block-

ages were doubly punished —

ithout transport and unable to
into class.

ot only did it take me an

and a half to get here, I can’t

,” said law student Michael

view Signs reading “No Ser-

and Pegled at subway stations

ital, Tad tram stops in the cap-

was jaighway circling the city
sad with vehicle traffic

from b an Sa

muters \¢@Wn, as many com-

walked olf t@ work. Others
new rent-at the city’s popular

Opinion SEMEN
has the publi Suggest Sarkozy
agree with puis side as most
‘yguments that









EAST BAY & VICTORIA AVENUL
TEL: 326-8888 "
FORMERLY LOCATED AT THE HILTON MTEL ©

retirement rules are outdated,
unfair and too costly.

“T agree with the reforms but
Sarkozy is going too quickly,”
said Vidal Madou, who expected
to spend more than an hour to
make the usual 30-minute -trip to
the construction materials store
where he works. as

“This is the first government
we have had in a very long time
that is capable of saying "We are
going to carry out reforms.” said
Bruno Fourquin, taking a rare
suburban train into Paris. “They
have to hold firm.”

Sarkozy wants everyone —
including the rail and utility work-
ers, sewer workers, state bank’
employees and workers at the
Paris Opera and the Comedie

Francaise theater company — to

retire after 40 years of service
instead of the 37 1/2 years they
currently work.

Despite tough talk, it was the
head of the Communist-backed
CGT union, Bernard Thibault,
who proposed a potential open-
ing, suggesting talks with various
companies and relaxing earlier
demands that it would only nego-
tiate with the government direct-
ly, according to Le Monde.

CASH ONLY - NO EXCHANGE
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oe














THE TRIBUNE . . THURSDAY, NOVEMBER 15, 2007, PAGE 21 a
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PAGE 22, THURSDAY, NOVEMBER 15, 2007 é | | THE TRIBUNE
ata | | INTERNATIONAL NEWS

_ North and South Korean prime
ministers start first talks in 15 years

@ SEOUL, South Korea for the first time in 15 years the second-ever summit of South’s leaders agreed to pur-

ih Wednesday, hoping to extend their leaders last month, sue a permanent peace treaty

THE prime ministers of a detente across the Cold according to Associated Press. to replace the cease-fire that

North and South Korea met War’s last frontier following In October, the North and ended the 1950-53 Korean

War at a summit where they

also discussed increasing eco-
nomic cooperation.

North Korean Prime Min-
ister Kim Yong II said after
arriving in Seoul on a direct
flight from Pyongyang that he
thought the three days of talks
— aimed at fleshing out the
October agreement — would
“so well in a warm atmos-
phere” based on his enthusi-
astic welcome.

The two sides last held
prime ministerial talks in 1992
that were suspended amid the
first crisis over the North’s
nuclear weapons program.

Kim ranks below the top
members of the North’s rul-
ing elite, leader Kim Jong Il
and the country’s No. 2 Kim

“Yong Nam. He is meeting
with South Korean Prime
Minister Han Duck-soo, who
is the deputy of South Korean
President Roh Moo-hyun.

The North-South talks come



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to disable its sole operational
nuclear reactor recently under
a deal with the U.S., South

: e
Korea, China, Japan and Rus-
sia.
Seoul believes that promot-
ing reconciliation with

Pyongyang would facilitate
resolution of the nuclear dis-

)
pute.
This week’s talks will focus
on the accord that Roh and
: the North Korean leader

signed in October in
Pyongyang — which calls for

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nd.netitems..: .|....“‘make every.effort” to make
os this week’s talks a success in
the spirit of “by our people”
.— a common North Korean
propaganda slogan calling for
resolving Korean peninsula
issues without interference
from outside forces, mainly
the United States.

The negotiations will focus
mainly on economic cooper-
ation projects, including set-
ting up a joint fishing area
around their disputed western
sea border and establishing a
joint economic area on the
North’s southwestern coast.

Also on the agenda are
building joint shipyards in the
North and improving conve-
nience for South Koreans
working in a joint industrial
zone in the North Korean bor-
der city of Kaesong by simpli-
fying border customs inspec-
tion and improving communi-
cation networks in the zone.

Other topics include
expanding reunions of sepa-
rated families.

Security issues are not
expected to be on the table as
the two sides will hold defense
ministers’ talks in Pyongyang
later this month.

The North’s premier Kim is
an economic technocrat who
served as the country’s land
and marine transportation
minister. Kim recently visited
Vietnam, Malaysia, Cambo-
dia and Laos, signing a series
of economic cooperation
accords with those countries.

Most other members of the
North’s 43-strong delegation
are also economic officials.

Dozens of anti-North Korea
protesters staged a rally out-
side the talks’ venue, accus-
ing the South of making too
many concessions to

- Pyongyang and getting little
in return.

The group set fire to a pic-
ture of North Korean leader :
Kim Jong Il and the country’s
flag.

“Stop lavishing aid on
North Korea!” the protesters
chanted as riot police stood
guard to prevent them from
attempting to approach the
hotel.

The Korean War ended ina
truce, not a peace treaty,
which means that the two
Koreas are still technically at
war.

Their relations -have’
warmed significantly since the
first-ever summit in 2000,
although the reconciliation
process has often been over-
shadowed by the standoff over
the North’s nuclear weapons’
programs,

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THURSDAY, NOVEMBER 15, 2007, PAGE 23







let Cha vives the





his sidekick Derek put,
some smiles on your

kids’s faces.















Bring your childven to the
MctHappy tour at McDonald's in
Oakes Field every Thursday
from 3:30pm to 4:30pm during the -
month of November DOOF:





















Enjoy Great Food, Prizes and Lots of Fun

vt rs ar
Simply the Best



















THE TRIBUNE

“PAGE 24, THURSDAY, NOVEMBER 15, 2007






HEX WOM, GUESS| | I SAW WHERE You WERE.












JUDGE PARKER ; j VERE HOBBES || YOU WERE. PLAYING IN A
HALEY ASGOCIATES f ol “2 AND T HAVE || CARDBOARD BOX OUT BACK.
1S AN ENGINEERING % ‘9 \
FIRM SPECIALIZING E 5 s
IN WATER STUPIES!, b

AZ)





MAYBE SHE PIPN'T
KNOW..-MAYBE KEITH

DION'T TELL HER! i
: WE TIME-TRAVELED To THE WELL, YOU'VE | YEAH. WILL YOu

RASSIC, BUT WE RETURNED | HAD A TAKE THIS FILM
ie TE SPLIT SE@ND WE | PRODUCTIVE | TO BE peo
LEFT! THATS WHY IT DIDNT =| MORNING | TLL Le we
Look LIKE WE WERE GONE! WHEN T
WE SAW LOTS OF DINOSAURS /











GO HOME, MARGO. I'LL SEE | I/LL BE INA BETTER YOU/RE GOING




“t+ LYOU TONIGHT FOR DINNER. | MOOD AFTER I'VE TO NEED IT. :
bees HAD SOME SLEEP. a a
e J *, TN I,
“L DON'T KNOW WHAT YOUR MoM SAID (NTTALIAN, | ke oS
BUT ANGRY SOUNPS THESAME JN ANY LANGUAGE. Wey.







HOW ABOUT A LOAF




THE POST OFFICE SELLS EVERYTHING





Rationale of Good Dummy Play





























NN tb

TTD 0



South West . North East
1Â¥ Pass 1NT Pass
4Â¥

Opening lead — queen of spades.

Here is a test of good technique in
declarer play. Let’s say you’re in four
hearts and West leads the queen of
spades. You play low from dummy
and ruff the spade continuation. How
would you proceed?

The club loser is inescapable, so
the problem is to avoid losing two
diamond tricks, one of which must
be lost in any case. Two factors are

protection against bad breaks.

Assume the diamond is taken
and a spade is returned. You ruff and
cash a second round of trumps, hop-
ing they are divided 2-2. But when
West shows out, you next play the A-
K of diamonds, still hoping for a 3-3
break in that suit.

The diamonds don’t split, but
you get lucky when it turns out that
East is the one with the greater

length. This allows you to ruff a

fourth diamond in dummy safely,
and you wind up making the con-
tract,

NOW: FRAMED PAINTINGS, PHOTOS, <4 OF BREAD?
EVEN STUFFED ANIMALS! | 4 / oe
Os ake { pouas nidealen. i _ the au breaks cual 2 ay
r ast-West vulnerable. Likewise, you will be in goo
fi NORTH shape if the diamonds are divided 3- | THURSDAY,
Hes #K 83 3, whether trumps are drawn early or NOY
i ! RASS ¥653 not. So you proceed on the assump- 75
Hi SS #984 tion that both suits will break badly : 5
BY A862 and consider what, if anything, you | ARIES — Mar 21/Apr 20 re
HH Shp WEST EAST can do in that case. You’re taking a step in the right ae
e &QI952 &A 1064 Note that you cannot afford to | direction this week; Aries, but you
‘ASE v9 ¥1072 test the trump situation by first draw- | won’t seem to make much forward
#52 #QJ107 ing two rounds. If you did this and | progress. Better regroup and work
&Q1074 2 ponte &KO then played toe a ae ae toward your goal again next week.
Rae OMe COuse e cee ¥Y 4 |} TAURUS -— Apr 21/May 21
THIS OLD “KING ESPECIALLY a7 trump return, as in the actual deal. fA short stint of feeling sorry bor your-
KONG” MOVIE |S H VAKQI84 The way to give yourself the best } seit is obliterated when your self-con-
PRETTY SCARY DEFINITION — *AK63 chance is to.cash one high trump at } fidence returns, Taurus. You'll make
IS trick three and then lead a low dia- | monumental strides in the days to
TELEVISION a mee ; y
The bidding: mond! This gives you the maximum J come that will also boost your ego.

GEMINI — May 22/Jun 21
You’ve been looking for help in all
the wrong places, Gemini. Why not
focus your sights closer to home?
Family members should be the first
people you call upon.

CANCER -— Jun 22/Jul 22
Time is of the essence in regard to a
work situation, Cancer, but you’ve
been dawdling much too often in this
area. Put your nose to the grindstone
and make some action.

LEO - Jul 23/Aug 23
Wishing and hoping are no ways to



- Ta obvious. If the trumps are divided 2- 1 1
3 OX... aw} 2, you can make the contract by At no point were you sure you’d | get things accomplished, Leo. Plot a
oe NoW THAT'S ©] drawing them and playing the-A-K make four hearts, but at least you fol- | Course of action and take steps to sce
and another diamond, The fourth dia- lowed the line of play that offered the | it through to its completion. You'll
\ EFFECTNE mond ¢an then be ruffed in dummyif best chance of success. feel much more satisfied.
MARKETING & VIRGO -— Aug 24/Sept 22
: y You have been working too hard at
aN vw a; = G ET making a relationship work, Virgo.
bas ; The signs are clear: this matchup just
“ B has no future. Cut your losses while
g g The you still can.
a LIBRA —~ Sept 23/Oct 23
=a words in When it comes to your week, Libra,



ae Kou WILEY WE, (We. ZB







there are surprises around every cor-

body of ner. If you keep in mind that there will
TIGER - be no dull moments, it’ll be much eas-
2ist . g3 g 3 ; ier for you to muddle through.
Dictionary B= 8 SCORPIO — Oct 24/Nov 22
(1999 fey ee You’ll have a hand in a project at
FISHING ANY edition). Bh Fi 5 work that will bring you great suc-
Z 8 y' grea
GOOV TOVAN ? HOW many words of four & KOR cess, Scorpio. Just don’t let all the
letters or more can you make o g ESO8 backslapping go to your head. Next
from the letters shown here? SS & 8 3 § time you'll have to work even harder,
mathe a Wont each er & seeos SAGITTARIUS — Nov 23/Dec 21
ite conteiniine conte iecter Sob e. An argument with someone at
and there must be at least one $8 Rie home leaves you looking for allies,
nine-letter word. No plurals. g 385 © Sagittarius. Unfortunately, no one

(©2007 by King Festuree Syndicate, inc. World rifts reserved,








TODAY’S TARGET

Good 19; very good 29;
excellent 38 (or more).
Solution tomorrow.









is taking your side this time around.
Better rethink your strategy.

CAPRICORN -— Dec 22/Jan 20
It’s time to make a drastic change in
































your life, Capricorn, Perhaps you
CRYPTIC PUZZLE should think about relocating or switch-
ee ing jobs. Your head is firmly planted on
: El FEVERS als, WV AQUARIUS - Jan 21h
ACROSS DOWN AQUARIUS - Jan 21/Feb 18
1 The odd street light (5) 2 — Container used by an ancient ae a A eee lea word You finally have the motivation to
6 — Material good when hot (5) Peruvian in outer Taiwan (3,9) tackle a laundry list of projects,
$i) le colourfid eicalantins x Ea (a Aquarius. Take one at a time or you
ellnlds ceeded alididy 3 Catherine's place, historically (6) | erudition | could get overwhelmed and want to
a gel a sens sd
10 Go furtively like a 5 — Show contempt of 17 a ete laa vast knowledge PISCES — Feb 19/Mar20
wriggling snake (5 ae Pe laitslgele| A stroke of luck finds you in a very
9 (5) ashort drink (5) el fa Pepe le ea a ; he mostly from fortunate place later in the week
11 Sign used in calibrating (5) 6 — Comforted when a good card's sold books Pisces. It’s just what you need tc -
mormon | EPL me Pane
ii Geevdace Le Sane
15 Familiar sleuth ina white coat (3) 8 Made me enter the shallow CHESS by Leonard Barden ee
TW | 2 Sema me ee ee |
5 ena 12. Ingen mao goo i] | i
pe aanee progress (3,2) Eo Ba ele laa a Alexander Tolush v Gosta Stoltz,
ee ee Pere naleselen : : ani hetthetccund Word Wey
PA meee nateoy one bushy talled (6) Peni ee several top grandmasters were d
imagines (6) 5 14 Had he a nose for conquest? (5) heavy drinkers, World saint 6
22 Afi uthful ly taken? (4 yment Alexander Alekhine died an 5
Ce ee Be aes rule Ie ote (3) EASY PUZZLE alcoholic in 1946, his last years i
24 Money, some of which 16 Supply grub in front of a pillar (5) i tarnished by claims that he had
_ eta 18 epee aah Sepa ne ee
25 How to addrass raiders, ff 19. Early carear as a young ruffian? (7) ACROSS DOWN occupation. Some Scandinavians
possibly? (4,3) 21 Regarding wrought iron, 4 Month (5) 2 -Unprincipled (6) led by Gideon Stahlberg and Stoltz ' is
6 Attain (5) 3 Invent (6) had been addicted to schnapps and abe e
fee ee eee) eee cognac since the 1930s, The success, first prize ahead of his pupil
companionable air? (5) 22 Just the drink for a railman? (6) 10 eo 5 Neen (5) ae ee pre ie Boris Spassky and another future
27 Paper spoilt by a spill of oll (5) 23 Alittle cash, less than ample fora 11 About (5) 6 Performance (7) Feroes butte wie well kinoua that on aa Poe
28 Breaks into pictures? (5) regular drink (6) 7 yell (5) 7° Revise (4) Ratmir Kholmov was such a heavy Stoltz were for today's game, but the
29 Badly it (7) 25 The last place to dump anything (5) 15 Place (3) tS oat Sehsealniged ts eben zest aaching pay of Both Sides
ir
30 Possibly fired for being French? (6) 26 _ It’s in the notes to quote from (4) i aaa 13 Middle (5) the West. Tolush was another case. inhibitions. Here White (to play) has a
31 Rattled offa kind letter (5) 28 All younced in Morse telegraphy (3) case (6) ic ons (5) Inextenuation, he was commander matt material edge, though a win
1 19 Royal (5) 16 Anxious (6) of a guards brigade during the war would be difficult after the obvious
aos are <3 ek 4 18 Acceptable (6) an mel all i won aes exchange of queens. Instead, Tolush
solutions easy solutions a 19 Told (7) te ti. aren led fy : OL forced checkmate. Can you find the
icw0ss:9, Al at once 10, A-ichok-o 12, Decl 19, Prsed | ACROSS: 8, Punchball 10, Nectarine 12, Tees 13, People 24 Pitch (3) 21 Tropical bird (6) I A Re ate Prous, Heel?
(prized) 14, Gl-A-cial 15, Chi-eftal-n 17, Off-ecreen 18, | 14, Unleash 15, Innocuaus 17, Dedicated 18, Sawdust 19, 25 Angry reply (7) 22 Find (6) well, Bucharest was his greatest LEONARD BARDEN
f F.agerari() 18 Mori d¥@ 20 Shot 23, Took C-over 25, | Gadget 20, Epic 23, Plimsolis 25, Postnatal 26, Reek 27, 26 Cold 23 Afirm (6)
ed on 26, Over 1 re-{(old)or 29, Stab-bed 32, Hol 29, Clothes $2, rlookars 84, Fratemal 35, Aquatic dish (5) 2 Gude
see 2 )- 38, Si Foil Ars Fees? Sm , Y 27 Characteristic (5) 26 Team (4)
DOW M, Hand -cap 2° Floating vole 3, Undre-am-t 4, DOWN: 1, Upstairs 2, Once In a while 3, Barefoot 4, 28 Salary (5) 28 Humour (3)
Seer Sines racsiiaina, (Peart eterna | 2 Uk
Had a Beat 22, Mid ar 23, Teo-rah 24 Very Ws | ncn 23, Prclaor P%, ergooce 25 P28 bisross | 3° Gann Chess: 8485: 1 Rxh74! Kxh7 2NIB+ Kg7 3 Qh7+
25, Car rey Flip-elde 29, Stew-a-1D-s 96, Descends | 29, Chastens 30, Splinter 31, 33, Lauds 34, Kxf8 4 QF7 mate. ;
81, Noticed $3, Id-L-es 24, Treash-y Feasts,







~~



. course Tuesday with the order of
-* a full probe.

- by Schreiber and decide if there

should be a public inquiry, say-

‘adviser to Harper’s Conservative

THE TRIBUNE

Canadian govt to

investigate former

PIM’s alleged
dealing with
businessman

@ TORONTO





CANADA'S leader ordered a
formal investigation Tuesday into
claims that a businessman who is
wanted in Germany on tax
charges made deals with former
Prime Minister Brian Mulroney,
according to Associated Press.

Mulroney has admitted he
accepted $300,000 in cash from
German businessman Karlheinz
Schreiber in a series of hotel
room meetings following his
departure from politics, but says
the money involved private busi-
ness dealings.

But Schreiber filed an affidavit
in court last week claiming that he”
discussed the $300,000 with Mul-
roney before the former prime
minister left office.

Schreiber also claims ‘in court
documents that an adviser to
Mulroney asked him to transfer
funds, in connection with Air-
Canada’s 1988 purchase of Airbus
planes, to a Mulroney aide when
Mulroney was prime minister.

Prime Minister Stephen Harp-
er said Friday he was appointing
an independent adviser to look
into the matter, but changed

Royal Canadian Mounted
Police Sgt. Nathalie Deschenes
said they will review claims made

should be a separate criminal
investigation.

Mulroney, who served as
Canada’s Conservative prime
minister from 1984 to 1993, denies
the charges and has said there

ing that a wide-ranging probe is
the only way to put the issue that
has dogged him/for years to rest.’

“T’ve done nothing wrong and
have absolutely nothing to hide,”
Mulroney said at a fundraiser
Tuesday night. “Twelve years ago
I was falsely accused. I fought and
won, :.. I’m going fight and win
again.”

Mulroney received a $2.1-mil-
lion Canadian defamation settle-
ment from the former Liberal
government after his name was
publicly mentioned in connection
with a 1995 investigation into the
sale-of Airbus jets to ‘Air Canada.

UHe élaimedqo'be the victim of
a vendetta by political rivals and
vindictive journalists.

Schreiber is facing extradition
to Germany on tax and fraud alle-
gations. Germany alleges that
Schreiber, who has dual Canadi-
an-German citizenship, avoided
paying income tax on $46 million
Canadian in commissions. The
fraud charges against him arise
from a deal for the sale of Ger-
man army tanks to Saudi Arabia.

Mulroney has been a close



government, but Harper warned ~
members of his government last
Friday not to deal with Mulroney
until the issue is resolved.
Harper’s Conservatives won a
majority of seats in the House of
Commons in 2006 after he
promised to clean up corruption
in Ottawa. The previous Liberal ’
government lost the election
because of a corruption scandal.

“CAVES. VILLAGE

sen HABER, RAWAM AG mm =











Tree which
comforted

Anne Frank

to be cut down

VIEW OF the chestnut tree
which comforted Anne Frank
while she hid from the Nazis
during World War Il, as seen
from the attic window in the
secret annex at the Anne
Frank House in Amsterdam,
Netherlands, Wednesday Nov.
14, 2007. The city of Ams-
terdam announced Tuesday
that the tree will be cut down
because it is too diseased to
be saved, but residents and
the Trees Institute are trying
to stop the cutting. The 150-
year-old tree suffers from fun-
gus and moths that have
caused more than half of its
trunk to rot.

Tr
moc,

THURSDAY, in

On,
Hi DH i j
]

TH
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| Hi
i . Wy) i
A

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HE

i i)
Hi) if i

~

PISNE
Ductless Aircondi
Available at

Fuabents “Furucture

5th, Terrace Centreville
Tel: 322-8862/3 ° E-mail: info @robertsfurnitureco.com

—_ =
THIS) so.6988e |10.8217¢ hee |

MAY JUN



JUL AUG

CAN
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Call 327-1575

», 2007, PAGE 25

Peter Dejong/AP



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- * PAGE 26, THURSDAY, NOVEMBER 15, 2007 THE TRIBUNE \

_ Fishing in areas affected by San Francisco |



_ Bay oil spill halted amid health concerns —

@ SAN FRANCISCO -

FISHERMEN here are pack-
ing up and heading home after
Gov. Arnold Schwarzenegger sus-
pended all commercial and sport
fishing in areas affected by last

* week’s San Francisco Bay oil spill,
according to Associated Press.

The Bahamas Ministry of

A |

The decision likely will make
the biggest dent in the highly
anticipated commercial season

‘for Dungeness crab, which was

scheduled to start in the bay
Thursday but has now been post-
poned for at least 2 1/2 weeks
amid health concerns. ,
The delicacy, available up and
down the West Coast, is enjoyed

q

In Cooperation with

The Bahamas Hotel Association

IHENTG

Presents
The 13th Annual

both by tourists and residents
who serve crab alongside the
turkey with their Thanksgiving

‘dinner.

“Tt will set us back quite a bit,”
said Art Romine, 38, a crabber
who planned to return home to
Newport, Ore., after hearing
about the suspension Tuesday.

“We can’t be bringing in crabs

PAPA RSTO
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Uy

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a CB SS

Come and enjoy an authentic experience!



that are possibly toxic,” he said.
“That wouldn’t be good for the
market at all. People don’t want
to buy toxic food.”

The 58,000-gallon — spill
occurred when a cargo ship suf-
fered a gash in its hull after col-
liding with the San Francisco-
Oakland Bay Bridge in heavy fog
last week. The governor promised
to investigate the cause of the spill
and the Coast Guard’s response.

The pilot of the ship said he
immediately reported the pres-
ence of oil in the water, but
cleanup crews didn’t arrive on the
scene for nearly 90 minutes. A
Coast Guard log places a skim-
ming vessel at the scene in 80
minutes.

Coast Guard officials defended
their response as “by the book,”
but concede mistakes in their
communication with the public.
Initial reports set the spill at just
140 gallons; the Coast Guard
waited hours after learning it was
much larger before notifying local
officials.

Federal prosecutors are con-
ducting a criminal probe and have
interviewed members of the crew
about the events leading up to
the crash. The harbor pilot who
was guiding the ship through the
bay toward open water has not
been subpoenaed in that investi-
gation, his lawyer said.

A day after the spill, the gov-
ernor praised the Coast Guard
for taking “immediate action.”
But speaking Tuesday,
Schwarzenegger seemed to
change course.

The oil spill was the result of
“unbelievable human failure,” he
said. “Then on top of it, it takes
that long to react to the oil spill so
by the time the next day comes
around, the oil is all over the
bay.”

Later, after a briefing by Coast
Guard officials at their command
center, Schwarzenegger side-
stepped questions about whether
he was satisfied with the agency’s
response.

“Tm not an investigator,” he
said.

He did pledge a thorough
investigation “to see also if we as
a state can do more in order to
prevent those kind of accidents.”

“Believe me, we will ask the
tough questions that need’to be



BIRDS FLY over Crissy Field East Beach, which is closed for



bs
4
oil

clean up in SanFrancisco, on Tuesday, Nov. 13, 2007. The cargo
ship Cosco Busan struck one of four supports beneath the San
Francisco-Oakland Bay Bridge's western section last week, open- .
ing a 90-foot gash in the hull that dumped 58,000 gallons into the
bay, fouling miles of coastline and killing dozens of shorebirds.

asked,” Schwarzenegger said.

At Clipper Cove on Treasure
Island, more than a dozen
cleanup workers in white Haz-
mat suits worked on their hands
and knees, painstakingly skim-
ming thin layers of sand from the
beach with hand trowels. By mid-
day, Peter Cabral of the cleanup
company Emergency Response
Group said, crews had filled
about 125 bags with oil and other
debris just from Clipper Cove.

Similar cleanup efforts contin-
ued across the region.

The start of the commercial
crab season in the area was post-
poned until Dec. 1, or until state
health and wildlife officials deem
it safe to reopen the fisheries.

Crab fishermen voted Satur-
day to ask the governor for the
postponement because of con-
cerns that crabs could be conta-
minated by ocean and bay water
used to keep the crustaceans alive
on boats after they’re harvested
from the sea floor.

Officials say it’s the first fishing . ” : :
ban stemming from an oil spill in - . -
California. There’s no evidence‘ -°

that seafood has been affected by
the spill, but officials wanted to .
prioritize the public’s safety, said
Steve Edinger, assistant chief of

the Department of Fish and _-_-

Game. ; ,
Schwarzenegger also ordered

the state Department of Public. -! .
Health to determine whether - -°

people can become sick if they
eat seafood caught in areas
impacted by the spill.

The suspension will be an eco-
nomic hardship for many fisher-
men, especially crabbers from
Oregon, Washington and Cali-
fornia’s distant North Coast. The
Bay Area crab fishery attracts
out-of-town fishermen because it _
opens two weeks earlier than ~
larger fisheries farther north. ;

“We’re going to go home’ oe
-broke,” said Jason Morford, 38, of

Newport, Ore. “We’re going to
be in the hole.”

Ee ole ie

i









THE TRIBUNE
















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l@ TEHRAN, Iran

IRAN’S former senior nuclear
negotiator has been charged with
passing classified information to
foreigners, including the British
Embassy, the Iranian intelligence
minister said Wednesday, accord-
ing to the official IRNA news
agency, according to Associated
Press.

Hossein Mousavian, the top
negotiator under reformist for-
mer President Mohammad














SPECIAL GOOD NOVEMBER 15 - 28

Khatami, was briefly detained in
May, again on suspicion of espi-

onage, according to the semioffi- «

cial Fars news agency.

“He has been informed of the
charges that he has given the
British Embassy information con-

trary to the security of the coun- '

try,” IRNA quoted Intelligence
Minister Gholam Hossein
Mohseni Ejehi as saying.

There was no word on when
his trial would begin.
“From the viewpoint of the

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Iran's ex-nuclear negotiator accused of passing classified information to British

Intelligence Ministry, he is a crim-
inal, ... This is definite and prov-
able. But the decision (on the
case) rests with the judge,” Ejehi
said, according to Fars.

On Monday, hard-line Presi-
dent Mahmoud Ahmadinejad
blasted critics of his nuclear poli-
cies as “traitors” and accused
them of spying for Lran’s enemies,
using his strongest rhetoric yet
against domestic opponents and
raising concerns of a possible
crackdown.



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SEVERAL OF the horses and other animals are re-built on the carousel in City Park in New Orleans Tues-

Alex Brandon/AP



day, Nov. 13, 2007. The carousel restoration from Hurricane Katrina cost $500,000.

Antique carousel reopens

after Katrina shutdown

@ NEW ORLEANS

THE first riders on the spirited
wooden horses might have been

boys in sailor suits and girls in:

wide-collared dresses,. accompa-
nied by mothers attired sweeping,
feathered hats and Gibson girl
dresses, according to Associated
Press.

The antique carousel in City
Park, built in 1906 and closed since
Hurricane Katrina left its painted
horses standing in water for three
weeks, reopened Tuesday with a
belated 100th birthday party.

Champagne and cake were laid

‘on for about 200 guests — major

donors who helped restore City
Park and one of the most popular

-rides in its amusement park — but
no balloons, no crepe paper, no

band.

“The star of the slow is the
carousel. The carousel speaks for
itself,” said John Hopper, chief

‘development officer for City Park.





SE hi AEE RYE SE BHR TEE

Its lion, camel, giraffe and 51
spirited horses with real horsehair
tails are in an elite company: only
about 55 other working carousels
around the country are as old.

“It’s not easy to get them to.a
hundred. A lot of them ended up
in people’s living rooms,” Bette
Largent of Spokane, Wash., presi-
dent of the National Carousel
Association, said in a telephone
interview Tuesday.

She said about 5,000 wooden
carousels were built in the first half
of the last century. Now, only 142
carry children while a band organ
translates holes on a heavy paper
roll into hooted, tooted tunes.

“A lot were lost to fire and
flood. Then collectors discovered
them and went to auction,”
Largent said.

On top of that, New Orleans’
carousel has its original band
organ, is in its original setting and
even its original building, with

“etched glass that would reflect.

“According to the U.S. Food &
Drug Administration (USDA),
Wesson Canola Oil now comes
with a qualified health claim on its
ability to reduce the risk of
coronary heart disease (CHD) due
to its unsaturated fat content.

light through the stained glass of:
the building — a light show with- - .
out electronic equipment.”

Even as late as 1988, when New.
Orleans’ was restored, about 500
original wooden carousels were: °
operating. A year later, the Nation-" -

al Register of Historic Places’ -

added City Park’s carousel and its. *
building. 2 ot
The carousel restoration cost’:
about a half-million dollars — a’ ‘
drop in the lagoon, considering: |

.
.
2

that current totals for the 1.300... -

acre park are about $43 million,.°.~ o

but still a lot of work.
That included replacing all of:
the flooring, thousands of panes

.
.
.
.

of glass and the public address sys-.. ~~

tem; adding 54 new structural piers: | :



beneath the building; repairing the® . *.°

band organ, and repainting every-. °
thing. In addition, all but the 30- :

flying horses had to be sent to a*-*

Connecticut carousel repair shop. . -

“The water wicked up in their i

hooves,” Hopper said.



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Dionisio D’Aguilar

Electronic
payment
Mikal NER ol I
Bey wr l ite.

Chamber president
says debit card

use will cut down’
on cash and cheque

transactions, reducing

crime and fraud

lm By TANEKA
THOMPSON

Tribune Staff Reporter |

tthompson@tribunemedia.net

‘THE Automated Clear-
ing House (ACH), which

. will allow consumers to pay

for goods and services elec-
tronically via debit cards
without the need for cash or

‘cheques, is expected to be

implemented by mid-2008,
the Bahamas Chamber of
Commerce’s president said

{.yesterday.... ..

Speaking ata press ‘con-
ference announcing its annu-
al Crime Prevention Semi-
nar, which is scheduled for
November 19, Dioniso
D’ Aguilar, Superwash’s
president, said this proposed
initiative was one of many
that could help crime pre-
vention. Others would be

‘outlined at the upcoming

seminar, in an effort to sig-
nificantly reduce the num-
ber of armed robberies and
employee thefts Bahamian
businesses are increasingly
experiencing.

“T have been lobbying for
the speedy implementation
of the necessary technology
that will allow as many of
our customers to pay for

goods and services that busi-

nesses sell with the swipe of
their ATM card... no cash
needed. No cash sitting
around your business tempt-
ing the robbers or your staff

. to steal it. The [money will]

simply be transferred from
the customer’s account into
your business account elec-

tronically,” the Chamber |

president said. -
Mr D’ Aguilar added that

“he will continue to lobby

Bahamian clearing banks to
implement this proposed ini-

tiative as soon as possible.

Bank of the Bahamas Inter-
national’s managing direc-
tor, Paul McWeeney, was
“leading this charge”, hav-
ing told the Chamber that

the electronic payments sys-

tem should be “up and run-
ning” by the middle of 2008,
Mr D’ Aguilar revealed.

Attempts were made to
contact Mr McWeeney, but
up to press time he could not
be reached. —

Mr D’Aguilar described
crime as “a vexing issue” for
most Bahamian businesses.

Apart from armed robbery, |
there was “the enormous

amount of employee theft
and fraud committed by cus-
tomers against our business-
es.

“These crimes are typical-
ly unrepofrted or under
reported, since the time and
effort needed to bring the
culprits before the courts
and seek some restitution is

so enormous that most busi- —

ness persons refuse, rather
frustratingly, to pursue these
matters at all.”

Companies, Mr D’ Aguilar
said, needed to learn abolut

strategies to make it as diffi-



SEE page 17B

THURSDAY, NOVEMBER 15,

air *



‘ ae <. '
2007



SECTION B ¢ business@tribunemedia.net

No ‘Oasis’ in sight |
for resort creditors

a By NEIL HARTNELL
- Tribune Business Editor

THE attorney for one of the hotel
industry pension funds yesterday urged
the Government to state its position on
the creditors still owed money by the for-
mer Royal Oasis owners, and whether it
will help them achieve a resolution to
the debts they are owed with the parties
involved in the resort’s sale.

Don Saunders, an attorney with Hals-
bury Chambers, who is representing the
Bahamas Hotel Industry Management
Pension Fund in its bid to recover
unpaid pension contributions by the
former Royal Oasis owners, ‘said his
client was still attempting to discover
whether there were any surplus assets
that could be used to settle the debt.

He added that Lehman Brothers’ pri-
vate equity arm, which became the Roy-
al Oasis de facto owner by virtue of the
mortgage it held on the property, had
not disclosed how much it had received
from the resort’s $33 million sale to

‘No cause for alarm’ on

e Attorney for hotel inchustry pension fund

urges government to state its position on
whether it will help resolve outstanding

debts

* Says fund and other creditors unsure if
surplus assets from resort’s sale and
insurance left after Lehman uses debenture
to recover $59m mortgage

Harcourt Development Company and
the recovery of insurance proceeds
related to Hurricanes Frances and
Jeanne in September 2004.

Mr Saunders disclosed that as a result
of a floating debenture it held over the
Royal Oasis and a $59 million mort-
gage, Lehman Brothers’ private equity

_ arm had taken the position that it was

’ the preferential creditor, meaning it had

first call on any assets - the insurance
and sales proceeds.

This would be used to settle the $59
million mortgage debt owed to it when
Driftwood (Freeport), the operator and
borrower of that mortgage, closed the
Royal Oasis’s doors in September 2004,
leaving more than $22 million in liabil-
ities.

Among those liabilities were unpaid —





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pension contributions to both the
Bahamas Hotel and Allied Industries
Pension Fund and Bahamas Hotel
Industry Management Pension Fund,
the debt now understood to have
reached between $4.5-$4.7 million as a
result of interest and costs stemming
from Supreme Court judgments in their
favour.

Yet Mr Saunders yesterday said nei-
ther he nor his clients had been able to
obtain from Lehman Brothers or their
Bahamian attorney, Valentine Grimes,
information on whether any surplus
assets remained to settle their debt after
the private equity fund took its share of
the sales and insurance proceeds assets.

Mr Grimes did not return The Tri-.
bune’s call seeking comment yesterday.
Caryl Lashley, of Dupuch and Turn-
quest, who is representing the Bahamas
Hotel and Allied Industries Pension
Fund, also did not return. this

SEE paral eae

Register’ pension funds )
for outward investing —

bank as ‘going concern’

{By NEIL HARTNELL

Tribune Business Editor

THERE is “no cause for ~

alarm” in the 2006 audit report’s
determination that the Bahamas

~ Development Bank (BDB) will

need further capital injections
from the. Government to survive
as “a going concern”, its chair-
man yesterday telling The Tri-
bune that the institution would
focus on adjusting its lending
practices and cost management
for long-term survival.

The 2006 external audit of the

ACh ee eebeseeeneeeeaeeeneeeees suse eneanansnesanesedeanaseenaneaes

The Bahamas
GDP growth
among lowest
in the region

fi By NEIL HARTNELL

Tribune Business Editor

THE Bahamas has one of the’

lowest projected real economic
rates for the Caribbean in 2007,
according to International Mon-
etary Fund (IMF) forecasts,
which agreed with the Central
Bank of the Bahamas gover-
nor in pegging GDP growth at

3.1 per cent.

That growth rate, though, is
well behind the 6 per cent real
GDP growth average project-
ed for the Caribbean region as a
whole, with countries such as
the Dominican Republic and

Trinidad & Tobago projected — |

to achieve economic growth of 8
per cent and 6 per cent respec-

‘tively for 2007.

Barbados and Guyana were
projected by the IMF to enjoy
growth rates of 4.2 per cent and
5.6 per cent respectively, while
the Eastern Caribbean Curren-
cy Union (ECCU) economies

- were forecast to grow by 3.6 per
_cent in 2007.

Even Haiti was projected to
grow by more than the
Bahamas, generating a 3.2 per

. cent GDP expansion, with only

Jamaica enjoying a lower
growth rate than this nation.

Kenwood Kerr, Providence
Advisors’ chief executive, said
he was unable to “pinpoint” the
reason why the Bahamas’ GDP
growth rate was lower than this
nation’s Caribbean rivals.

Saying he was “surprised”,
Mr Kerr added that Trinidad
and the Dominican Republic’s
growth rates could be explained
by the performance of the for-
mer’s oil industry, and the lat-
ter’s attraction for resort-relat-
ed foreign direct investment
inflows.

“What is happening iis that.

there are other places getting
the boost of the tourism and

_SEE page 6B

BDB, performed by accountants
Moore Stephens Butler & Tay-
lor, reported: “The liquidity posi-
tion of the bank, and the contin-
uing deficits, indicates that the
bank will require equity injection
from the Government of the
Bahamas if it is to continue asa
going concern.’

The BDB sustained a $3.331
million loss for the year to
December 31, 2006, a more than
five-fold increase on the previous
year’s $627,210 loss. At the year-
end date, it had just $47,923 in
cash on hand, and fixed assets of
$55.761 million.

‘These fixed assets were worth
just $117,105 more than the
BDB’s liabilities of $55.644 mil-
lion, some $53.148 million of
which constituted long-term debt.
Since its incorporation in 1974,
the BDB had run-up an accumu-
lated deficit of $25.741 million
through consistent losses.

Yet BDB chairman Daron
Cash, who is Doctors Hospital
Health Systems (DHHS) chief
financial officer, said any govern-
ment support for the bank might
not necessarily take the form of
straightforward capital or equity
funding.

Instead, the BDB Board and
management would ensure the
bank’s long-term survival, and
ability to carry out its mandate, by
reforming lending and opera-

* tional practices and controls, with

a focus.on supporting projects in
areas and markets targeted by the
Government.

Mr Cash explained: “The most
important thing is that the Board
is going to take immediate steps
to ensure the long-term viability
of the bank.

“We are. essentially going on
the basis that we don’t expect a

SEE page 12B

Bank of The Bahamas

INTERNATIONAL

@ By NEIL HARTNELL
Tribune Business Editor

A REGISTRATION system
for Bahamas-based pension
funds and their managers could

be established to allow them’

to invest assets outside this
nation, a leading financial

: adviser told'The Tribune, with

the Central Bank of the
Bahamas having the authority
to recall these assets should the
external reserves and banking
sector liquidity come under
heavy pressure.

Larry Gibson, vice-president
of pensions at Colonial Pen-
sions Services (Bahamas), told
The Tribune that one factor
behind the returns delivered
by Bahamas International
Securities Exchange (BISX)
listed securities and other pub-
lic stocks was the absence of a
broad range of investment
options for Bahamas-based
institutional investors.

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As a result, pension fund
managers and other institutions
were often left with little choice
but to invest in - and hold -
public company stocks, as
these often provided the best
rates of return. Yet there was

little diversity and choice inthe =<

Bahamian market.
As a-result, Mr Gibson sug-_
gested that the Bahamas adopt

x

a system used in other coun- *â„¢

tries, where registered pension
funds and pension fund man-
agers had the ability to invest a:
percentage of their assets out-
side this nation.

Describing a “lack of supply
as it relates to demand on the
investment side”, Mr Gibson

said one major factor behind
the double digit returns deliv-
ered for investors by BISX
stocks during the first 10
months of 2007 was “structur-
-al”, namely the paucity of

SEE page 3B















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PAGE 2B, THURSDAY, NOVEMBER 15, 2007

THE TRIBUNE



Why we need a small
business strategic plan

aw m By MARK A TURNQUEST

I FEEL there needs to be a
National Small Business Strategic
Plan for the Bahamas, one that sur-
vives political parties’-interference.

If the small business sector is said
to be a huge driver of the country’s
success, then the Government, pri-
vate sector and small businesses
must collaborate to make “success”
sustainable in the future. Let me
indicate how I think this strategic
national plan should be formulated.

The Government perspective.

Government organisations, such
as the Bahamas Development Bank,
BAIC and the Bahamas Entrepre-
neurial Venture Fund, must syner-
gise their efforts and focus on devel-
oping a customised package for
small business. This package should
include financial funding, business
consulting and business training
linked into one programme.

If business owners want to borrow
money and do not want to go
through basic business management
training, then do not lend them the
money. An umbrella organisation,

Special
“Time.

“Government organisations, such as the Bahamas
Dod nab Bank, BAIC and the Bahamas
Entrepreneurial Venture Fund, must synergise
their efforts and focus on developing a
customised package for small business. This

package should include financial funding,
business consulting and business training

linked into one programme.”

such as the discontinued Domestic
Investment Board, or some other
body could oversee the operation of
such a programme. Presently, gov-
ernment organisations that focus on
business development are not
strategically linked, and are not
operating at their full potential.

I think there are many capable
leaders at these organisations who
could get the job done without
political interferences.

9

— Mark A Turnquest



The Private Sector perspective

In recent years, the Bahamas
Chamber of Commerce has tremen-
dously improved its ability to assist
small business owners, providing
knowledge and avenues for them to
become more competitive from a
global perspective. Small business
owners need to use the Chamber’s
resources more.

Commercial banks, notably Com-

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monwealth Bank, FirstCaribbéan
International Bank (Bahamas), Sco-
tiabank and Royal Bank of Canada,
have indicated they are now strate-
gically focusing on small business
development in the Bahamas. This
is an excellent shift, but the banks
must fully commit to’small business
development.

My one concern is that commer-
cial banks must link business train-
ing programmes with financial fund-
ing. They should partner with busi-
ness training organisations to devel-
op their clients’ competency in how
to operate their business in an effec-
tive and efficient manner.

Adequate financial funding,
linked with business management
training, is the formula for business
success. As a result, loan payments
and other business obligations are
easily honoured.

The Small Business perspective

First of all, the small business
owner’s life plan must coincide with
the small business owner’s business
plan. Let me explain.

A small business owner must pre-
pare their life to operate a prof-



itable business. They must receive
business management training, have
separate bank and credit card
accounts, and be committed to
being honest.

Like wise, small business owners
must be prepared to operate a prof-
itable business by training their
staff, establish a mission and oper-
ate a legitimate business.

The way forward for Small
Business Development .
in the Bahamas

In order for there to be a positive
change in the small business market,

‘the Government, private and small

business sectors must align
resources and capabilities in order
to establish a National Strategic '
Plan for small business development
in the Bahamas.

The plan must be written into law
and should not be politically inter-
fered with by changing governments

NB: Mark A Turnquest is presi-
dent of the Small Business Resource
Centre of the Bahamas. He is a
business training and development
consultant —

ene:

EMEC Ea taste ini
BOA ie ee EES FRE Ie

ae



ao
Ne

THE TRIBUNE



@ By CARA
BRENNEN-BETHEL
Tribune Business

Reporter

SOME $1.06 million in out-
standing rent that should have
been collected from. business
tenants at the Solider Road Park
Industrial Park lay on the
Bahamas Agricultural and
Industrial Corporation’s (BAIC)
books at year-end
2003, with “no significant
effort to recover” the sums
owed/ :

Agriculture and Marine
Resources Minster,. Larry
Cartwright, told the House of
Assembly yesterday that the
total rent revenue that should
be collected from the Solider
Road Industrial Park (SRIP)

was $461,973 per annum at
occupancy level, but in 2003
total revenues collected were
only $332,765.

“Despite the addition of a col-
lections officer and a collections
assistant, there was no signifi-
cant movement or effort made
to recover the amounts,” he said,
tabling BAIC’s 2003 financial
statements.

Mr Cartwright added that
despite a suggestion to outsource
the collection efforts, nothing
appeared to happen.

In addition, BAIC’s micro

loan facility was “out of con-
trol”, with significant breaches

in documentation and overall
administration.

Mr Cartwright said obvious
infractions included:

* No files in place .

‘Register’ pension funds
for outward investing

FROM page one

domestic investment options for institutional investors.

“You have all this-money, but it’s all being channelled,” Mr
Gibson said. “You can’t really adjust your portfolio, because if you
sell something, you won’t get it back, so you’re forced to take a

long-term view.

“What needs to happen is that we really ease the pressure by
allowing registered pension funds and registered managers. If you
run into a reserves or liquidity crunch, you can call it back in.

“You register the manager, you register the fund, and let them
invest abroad, so they get higher growth, higher liquidity and
greater investment options. But if there is a disaster and you need
foreign exchange, they can be called back in.”

* No documentation for items

* No assignment of revenue
forms in place ‘

* Where they were in place,
the amounts were not'collected

* Violations of policies regard-
ing purpose and amounts.

The picture appeared slightly
less gloomy, in 2004, Mr
Cartwright said ,but much was

still left to be desired as BAIC’s -

net loss decreased from $1.614
million in 2003 to $812,596.
Mr Cartwright attributed the











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index and S&P 500, Mr Gibson pointed out that the price/earnings
ratios of Bahamian public companies were below those of their US
and European counterparts.

“The lack of liquidity is holding the market back from further
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Over $1m in industrial
park rent is owing

improvement to a reduction in
the administration and general

expenses from $1.055 million to .

$584,549.
He added that the improve-
ment was led by the cost con-

tainment in professional fees

from $234,000 to $20,000; travel

and entertainment decreased.

from $232,000 to $65,000; office
expenses decreased from $94,000
to $43,000; and advertising and
promotions went from $132,000
to $4000.

Mr Cartwright said that in

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THURSDAY, NOVEMBER 15, 2007, PAGE 3B

2004, accounts receivable on
rentals grew by $106,000, with
very little movement in the col-
lections of micro loans.

The impact the revenue had
on cash flows resulted in a grow-
ing bank overdraft, leading to
higher overdraft interest
charges.

- Mr Cartwright announced that
in 2002, BAIC’s total losses were
$942,943, and in 2003, losses
totaled $1.614 million. This was

a growth of $670,624 or 71 per

cent.

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PAGE 4B, THURSDAY, NOVEMBER 15, 2007
Abaco welcomes new power plant

ABACO’s flourishing busi-
ness community has welcomed
news that a new power plant is
set to open on the island by
the end of next year.

It is one of two develop-
ments announced this week
that point to the island’s bur-
geoning economy.

Miami-based Bernuth-

Bahamas Shipping Line has
begun a new freight service
from the US into Marsh Har-
bour.

And Frederick Gottlieb,
BEC’s executive chairman,
revealed during a radio call-in
that a new electricity plant will
be in operation by the end of
2008.





management, t
financial planning services.

Compliance Officer



+81 MORN

SG Hambros

LAS TIENDAS

Jewelry Shop
International Bazaar Arcade
Tel. 325-3333

Starting November 16, 2007

, investment and

An Abaco business source
told Tribune Business:
these developments indicate
that this island continues to
enjoy a booming economy.

“Business people, in partic-
ular, will welcome the news of
the power plant because out-
ages have become part of
island life. Mr Gottlieb said
there will be four new genera-

“Both ,

tors on a site - possibly at Wil-
son City - that will be designed
to take care of our power
needs for the next 50 years.”

Source

The source said businesses
had been affected in the past
by repeated outages due to
demand outstripping supply.

“We have all learned to live
with it, but if the island’s econ-
omy continues to grow, we
must have the infrastructure
to go with it.”

Bernuth’s new weekly
freight service into Marsh Har-
bour reflects growing business
between Abaco and the States.

Five shipping companies,.

including Betty K and Abaco

THE TRIBUNE

Shipping, already service the
island with regular scheduled
services.

Meanwhile, Abaco is expe-
riencing little or no downturn
in tourist business, despite eco-
nomic problems in the States.

“Tourism figures are staying
up, though they might not be
spending quite so much mon-
ey,” said the source.

‘Major fuss’ on condo project

A CONDO project funded

by a Nassau development firm
is causing
Marsh Harbour,
according to island sources.

“a major fuss” in
Abaco,

The Crossings at High Rocks

.

We currently have an
opportunity within our
Compliance team and
are looking to recruit an
enthusiastic individual.

SG Hambros Bank (Channel Islands) Limited

Develop and maintain adequate Policies and Procedures to ensure

that all Bank's activities and processes are in compliance with local
laws, regulations and the Group standard requirements;

2 Maintain registers of Complaints, Breaches, Gifts and Contacts

with Regulators;

Oversee Dormant and Inactive Accounts procedures;

Review documentation for compliance with Qualified
Intermediary (“Ql”) Rules and maintain a register of all accounts
holding US Securities for the purposes of ensuring compliance
with the Bank's obligations under it's Ql Agreement;

Liaise with internal and external Auditors (including Qualified
Intermediary Auditors) as well as Inspectors of the Central Bank
of the Bahamas and the Securities Commission of the Bahamas
in the preparation of Audit and Inspection or and coordinate

responses there to;

You should ideally hold a Law degree, and have at least 5 years’
experience in the related field; have extensive knowledge of the

tegulations applicable to the private bank and trust industry; the
Capacity to learn‘quickly and in an independent manner, have
“excellent writtenand communications skills and a keen sense

of Business awareness and strong ability to analyse and make
recommendations effectively. Working knowledge of the Spanish

language is mandatory for this position.

The position offers an attractive salary and benefits package. *

Applications should be submitted to the following address, to
arrive on or before 16 November 2007:-

Manager, Human Resources

SG Hambros Bank & Trust (Bahamas) Limited

is said to be “too big and too
high” for the waterfront site,
with certain features allegedly
not approved by town plan-
ning.

Three buildings, all three
storeys high, are being erected
on the site, much to the dis-
eust of those living in residen-










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BEN-BO COLLECTION &

MANAGEMENT CO. LTD.
Phone us at 325-3603 or 326-8791

email benbocollect@hbateinet.bs

tial developments nearby.
“Marsh Harbour is having a
fit about it,” an island source
told Tribune Business yester-
day. “There is a major fuss
going on here. The proposal is
that this project will make a
40-foot extension into the sea.
People fear it will ruin the



‘beach.

“They have also built a high
wall on the road and the set-
back is only 15 feet from the
road. There is also a gatehouse
which was not apparently on
the original plan.”

The source said: “All these
things are very upsetting and a
petition was raised by proper-
ty owners who are against it.

“However, it seems this peti-
tion was never seen by the
town planning board and the -
matter is now the subject of an
appeal at Central Abaco Dis-
trict Council.”

The source said residents
were against condo develop-
ment in the area, claiming the
buildings were too big and too
high for their surroundings.

It is understood the devel-
opers are a Nassau-based legal
firm.

TS

For the stories

TT UT
ia eal
Insight Mondays



SG

Private Banking

PO Box N7789, Nassau, Bahamas
Or by email to: opportunity@sghambros.com

SOCIETE GENERALE GROUP SG Hambros Bank & Trust (Bahamas) Limited is licensed under the Banks & Trust Companies Regulation Ac



TEACHERS REAL ESTATE HOLDINGS LIMITED

NOTICE OF ANNUAL
MEETING TO SHAREHOLDERS

TIME & DATE:

The Bahamas Conference of The Methodist Church

EBENEZER METHODIST CHURCH

Established 1802 Friday, December 7, 2007 at 6:00pm '

PLACE: Teachers & Salaried Workers Co-operative Credit Union

Head Office, East Street & Independence Drive.



CHURCH STAFF POSITION FOR YOUTH WORKER
Methodist Church is seeking to employ a vibrant Christian to work with its children,
teens and young adults.

ITEMS OF BUSINESS: (1) To announce the results of the examination of proxies;

declare a quorum present and proceed to business;

(2) To receive and approve the Minutes of the last Annual
General Meeting held on December 8, 2006.

Applicants should:

+ Be personable, creative, mature and passionate about young people.
+ Possess excellent communication skills.

+ Be familiar with youth cultures and trends.

(3) To receive and consider the Chairman’s report;

(4) To receive and approve the financial statements and
the reports of the Directors and Auditors thereon;

Respouabiiues mch.de Ore on De for the ensuing year and fix their
+ Implementation and oversight of all Youth Ministry programmes. ‘
+ Planning and leading Youth Services and events.

+ Leading young persons to Christ and creating life-time disciples.

+ Building relationships between youth, congregation and the wider community.

(6) To approve the appointment of Deloitte & Touche as
the Auditor of the Company, and authorise the Directors
to fix their remuner ation; and

Bae. (7) To transact such other business as may properly come
Criteria for Employment before the meeting and any adjournment thereof.
+ A mintmum of a Bachelor's Degree from a recognized university confirmed by a certi-
fied copy of certificate.
+ Names and contacts of at least two professional references must be submitted.
_ +t Willingness to support Church's programmes.
+ Successful applicants will be expected to make a commitment to work in harmony
with Christian principles and to support the emphasis of The Bahamas Conference of
the Methodist Church of which the church is a part.



Holders of 400,000 shares of record at the close of business
on October 25, 2007 are entitled to vote at the meeting.

RECORD DATE:

FINANCIAL STATEMENTS: The Company’s audited financial statements are included
in the Company’s 2006 annual report, which is enclosed
as part of the proxy soliciting material.

MAILING DATE: The Company will cause the accompanying materials to
be delivered on November 8, 2007 to the last registered

; ; ad :
Please send Resume together with a covering letter, address

a statement of philosophy and a recent photograph to;

PROXY VOTING: It is important that your shares be represented and voted
at the meeting. You can vote your shares by appearing in
person or by completing and returning the proxy form
enclosed, You can revoke a proxy at any time prior to its
exercise at the meeting by following the instructions in

the accompanying proxy statement.

The Trust Secretary
Ebenezer Methodist Church
P.O. Box SS 6145
Nassau, Bahamas

Or fax to: (242) 393-8135, or e-mail to bemc@bahamas.net.bs By order of the Board of Directors:

October 9, 2007 Mrs Cheryl Bowe-Moss

Candidates short listed will be contacted by telephone, fax or e-mail for an interview.
Secretary

Shirley Street, Nassau Bahamas







THE TRIBUNE



Mee ee eee
Government

‘not pressing’
bonding for
Sim contracts

l@ By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

THE Government may pos-
sibly require contractors to
lodge performance bonds for
all public works contracts
worth more than. $1 million
when amendments to the Con-
tractors Bill are finally com-
pleted, although it is not an
issue the administration is
pushing currently, the minis-
ter responsible told The Tri-
bune.

“T know that this is some-
thing that the contractors are
asking for in negotiating the
amendments, and it is some-
thing that may come up, but
at the moment that is not an
initiative which I am pressing,”
Works Minister Earl Deveaux
said.

The issue of the perfor-
mance bond was raised by the
’ Bahamas Contractors Associ-
ation’s president, Stephen
Wrinkle, following a seminar
at the weekend, where Mr
Deveaux had indicated the
Government intends to adopt
a policy of requiring perfor-
mance bonds on all contracts
worth more than $1 million. ,

“That goes hand-in-hand
with the licensing. When you
have your license and are qual-
ified for $x value of work,
you'll be able to qualify for a
performance bond. When they
do activate the licensing, it will
give clients confidence in the
level of competency of the con-
tractor,” Mr-Wrinkle. said.

The BCA president said the
Goyernment’s proposed policy
for performance bonds to be
lodged by contractors on pub-
- lic works projects would com-
_plement the Bill’s intention to
licence all Bahamas-based con-
tractors in the work categories
and contract size they were
qualified for.

The Government has
released the draft Contractors
Bill for industry consultation,
and is seeking feedback by
January 1, 2008.

Contractors attending the
seminar also voiced general

The Bahamas Conference of The Methodist Church

EBENEZER METHODIST CHURCH



CHURCH STAFF POSITION FOR ADMINISTRATOR
The Business Administrator is responsible to the Church, supervised by the Pastor for
administering the business affairs of the Church.

Functions:- 1. Establish and operate a financial record keéping and operating good
bookkeeping procedures.

- 2. Prepare financial report for Financial & Budget Committee and



approval for the Government’s ”

proposal to rotate the bidding
on public works construction
contracts.

Mr Wrinkle explained that
this would mean that if a con-
tractor won a government con-
tract in the category they were
licensed and qualified for,

when another public works
contract of similar size came
up, that particular contractor
would be ‘rotated out’ of the

' bidding pool to give other

competent companies: a
chance...

Mr Wrinkle said the Min-
istry of Works wanted to insti-
tute this so that “no one person
gets a monopoly on the bids. It
was well-received.

“The big thing coming from
all Bahamian contractors was a
fair and equitable opportunity
to bid on some of this govern-
ment work. They were very
receptive to. the rotation sys-
tem.

“Once everyone is on a ley-
el playing field when they get
their licence, they [the Goy-

ernment] will be hard pressed

not to spread the work, and if
there’s a problem it will be sent
to the Contractors Board for
review.”

Behold the

THURSDAY, NOVEMBER 15, 2007, PAGE 5B

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DO YOU LOVE CHILDREN? ARE YOU
MATURE AND RELIABLE?



THE MALL AT MARATHON
NEEDS YOU!



The Bahamas Chamber of Commeroe invites you to attend the 3rd
Annual Grime Prevention Seminar. Featured speakers include:

APPLY IN PERSON AT
THE MALL OFFICE

Mr. Dioniso D'Aguitar, Pest har Chamber of Commerce
Sen. Hon. Elma Campbell, Minister of State for Immigration
Dr. David Allen, Psychiatrist
Mr. Carlos Reid
Rev. C-B, Moss, Executive Director, Bahamas Acaingt Gime
- Sir Burton Hall, Chief Justice of the Commonwealth of the Bahamas



Established 1802

a Senior Police Officials from the Roya ata Poe Fron
3, Purchasing Agent, processing Purchase Orders. topics:
) Robbery Prevertion, anbecene and Embezzlement
Crime Trends : ?

0 Neighborhood and Business Policing Programmes
The Role and Responsiility ofthe AttomeyGeneral Office

November 19, 2007
830 am—400 pm
Police Conference Centre, East Street Headquarters

4. Maintain records on Church Staff. Establish and maintain records of
Church properties and facilities,
5. Assist Property Board with Architect Contractors and others in build-
ing, remodeling and equipping church buildings.
6. Administer Church adope policies and procedures concerning the use
of all Church properties and facilities.
.7. Work with the Property and Congregational Boards in preparing an

Annual Budget of maintenance and equipment needs.

8. Supervise workers in the maintenance and repair of all physical proper-
ties. Establish and implement cleaning, painting, renovating schedules
including the grave yard and parking lots.

9, Supervise the operation of food services,
10. Supervise assigned office personnel,
11.Perform other duties as assigned by Pastor.

Applicant needs to possess excellence verbal and written communication and computer skills. Must
I

}

be a team player and willing to work flexible schedule.



Please send Resume together with a covering letter,
astatement of philosophy and a recent photograph to:

The Tiust Secretary
Ebenezer Methodist Church
PO. Box SS 6145
Nassau, Bahamas





PAGE 6B, THURSDAY, NOVEMBER 15, 2007

THE TRIBUNE



No ‘Oasis’ in sight for resort creditors

FROM page one

newspaper’s call, as did Kirk
Antoni of Cafferata & Co,
Harcourt’s attorney.

Mr Saunders, who ran for
the FNM in the last election
as its candidate for Golden
Getes, said the former PLP
government had openly said
it would not approve the
Royal Oasis’ sale until the
property’s outstanding debts
were settled with the credi-
tors.

But despite writing to the
Prime Minister’s Office, the
Ministry of Finance, Min-
istry of Tourism and the



NOTICE

Investments Board, Mr
Saunders said he did not
know what the FNM gov-
ernment’s position was, and
whether they would help the
creditors achieve a satisfac-
tory resolution.

“We've contacted the
Government, and the Goy-
ernment is not saying what
the position is on the credi-
tors,” Mr Saunders said. “I
want to know what the Goy-
ernment’s position is. Are
they going to ignore all oth-
et creditors, or are they
going to assist in settling this
by getting the buyer and sell-
er to come to the table and













NOTICE is hereby given that MAXIM JASMIN of JENNY
STREET, NASSAU, BAHAMAS, is applying. to the
Minister responsible for Nationality and Citizenship, for
registrationmaturalization 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 8th day of November, 2007 to the Minister
responsible for Nationality and Citizenship, P.O.Box N- 7147,
Nassau, Bahamas. >




King’s Real Estate Company Limited is a Bahamian Real
Estate and Development Company. We are currently
looking for applicants for the below positions:

CIVIL ENGINEER

Bachelor Degree or higher in the field of Civil
Engineering.

3-5 years experience in Civil Engineering and
Construction related fields.

Registered with the Bahamas Professional Engineers”
Board. 2

Experience in the design of Subdivisions, Roads,
Airports, Drainage and Water & Sewerage Systems.
Ability to use engineering software such as Auto
CAD 2004.

- Proficient in implementing site quality assurance
measures and overseeing site supervision.
Hardworking and able to handle a number,of projects
simultaneously. z

REAL ESTATE AGENT

. g7 5 years experience in the Real Estate Industry.
e Licensed with the Bahamas Real Estate Association.
° Motivated.

King’s Real Estate is a team orientated company and
potential employees should be capable of adapting to
this philosophy.

All interested candidates should e-mail there resumes to:
kingsley@kingsrealty.com



caciue International Ltd. with over 9 years of
outstanding service in destination management and
event planning is expanding and is seeking suitable
candidates for the various positions for full time
employment:

Line Cooks

Executive Pastry Chef
Sales Coordinator
Executive Chef

Executive Chef and Executive Pastry Chef:
Requirements:

Applicants must eee aiminimum of 5 - 10 years in the
culinary/ Pastry field.

A Degree from a culinary institute will be a plus

5 years minimum supervisory or managerial experience
Certified Master Chef (In specialty area)

Ability to train others

Team player.

Being able to work flexible hours a must

Computer literate

Line Cook/ Pastry Cook

Requirements :

2 years minimum in the culinary field
BHTC training a plus

Must be able to work shifts

Sales Executive- Food Art by Cacique International

Minimum of an Associates degree in business
Minimum 3 years experience in sales or customer relations
‘Computer literate

Remuneration:

Excellent benefits package inclusive of health
insurance.

Salary to commensurate with experience

Interested please should submit resumes to the
following addresses on or before November 16 2007:

Director of Human Resources
P.O. Box N-4941
Nassau, Bahamas

Or email: jbeneby@caciqueintl.com

Fax: 242377-7720



say this is what the position
is going forward.”

He added that he and his
client were not aware of the
Lehman Brothers debenture
until an audit for examina-

tion was conducted on
Driftwood (Freeport’s)
books,

Mr Saunders said: “They
simply have the debenture,
and as. such Lehman have a
preference over our judg-
ment.

“The judgment still exists,
and while the debenture may
take precedence over us in
terms of the,creditors, it
should at least have driven
Lehman Brothers to come

to the table with us
before they sold it [the
resort].”

The judgments secured by
the hotel industry pension

funds could yet be signifi-
cant, though, since as they
established a lien*over the
property, they could effec-
tively prohibit Harcourt
from taking possession of
the resort properties.

The judgments require
that all outstanding contri-
butions to the two pension
funds, which provide retire-
ment benefits for all hotel
industry employees, plus
interest and costs, be paid to
them. 5

Sources told The Tribune
that the owed pension con-
tributions were vital to both
funds, because even though
they may not have been paid
on behalf of Royal Oasis
employees, the trustees for
both pension funds had tak-
en the decision to pay bene-
fits to those eligible for them

even though the hotel had
been closed from September
2004 to the present.

The Bahamas Hotel Indus-
try Management Pension
Fund initially secured judg-
ments totalling $1.826 mil-
lion against the five Royal
Oasis companies that existed
when Driftwood (Freeport)
closed the resort owing more
than $22 million in total
debts.

The five companies were
Caribbean Utility Company,
Sunrise Property Ltd, which
traded as Crowne Plaza at
Royal Oasis, DVI Country
Club, trading as Vacation
Club at Bahamia, Holiday
Inn Sunspree at
Bahamia, and Bahamia Casi-
no Ltd.

When Driftwood
(Freeport) and the Royal

Oasis failed to pay the sums
ordered by the judgments,
the pension funds served
writs on them via the
Provost Marshall © of
Freeport’s Supreme Court,
even photographing the sign
that was attached to the
building announcing the
seizure of goods and prop-
erty to make good the
debts. eH

The liens mean the judg-
ments have to be settled
before Harcourt Develop-
ments can take possession of
the Royal Oasis once thé
deal with Lehman Brothers
is completed.

It is understood that Har-
court’s position is that this
is matter for Lehman Broth-
ers to settle, and that it has
nothing to do with the buy-
er.

FROM page one

foreign direct investment inflows, places
further south,” Mr Kerr said. Nations such
as Barbados, he added, might also be get-
ting the benefit of tourists from Canada
and Europe.

The previous administration had said
there was some $18-$21 billion worth of
foreign direct investment in the pipeline to
flow into the Bahamas, and while the new
government was within its rights to “audit”
them, foreign direct investment inflows into
the Bahamas had only totalled about $376
million year-to-date.

Mr Kerr questioned whether foreign
direct investment inflows into the Bahamas
were “stuck in the pipeline”.

“It’s not how much is stuck in the
pipeline, it’s how, much you get out. Turn
the revenues on and let them flow,” Mr
Kerr said.

The IMF’s growth projections for 2008
were more rosy as far as the Bahamas was
concerned, pegging GDP expansion at 4
per cent, ahead of Barbados, Jamaica and
the ECCU states.

This nation’s projected inflation rate of
2.6 per cent for 2007 was also among the

The Bahamas GDP growth
among lowest in the region

lowest for the sample of Caribbean coun-
tries looked at. ;

The IMF report also noted that the
Bahamas and other Caribbean governments
had focused on tax incentives and conces-
sions to attract foreign direct investment,
and suggested that this nation and others
would be better off focusing on improving
the quality of infrastructure and institutions
to perform this role.

The IMF said tax incentives had not pre-
vented the Caribbean’s share of global for-
eign direct investment from stagnating,
although it had increased in absolute terms.
The smaller ECCU states were also the
largest recipients of foreign direct invest-
ment when measured against GDP.

“Foreign direct investment in. the
Caribbean is sensitive to tax policy, but
only to.a limited extent. Other factors such
as institutional quality, infrastructure devel-
opment, governance, openness and foreign
direct investment restrictions are at least
as important,” the IMF said.

SAS

“Notably, foreign direct investment incen-
tives do not appear to have a significant
effect on foreign direct investment inflows
in a large developing country sample,
although they matter in a sample of just
Carib bean.countries.” :

The IMF warned that tariff incentives
could be costly, eroding the tax base, dis-
torting resource allocation, increasing the
administrative burden, and “creating oppor-
tunities for rent seeking”.

As a result, the IMF suggested that
Caribbean nations “consider reducing the
scope of tax incentives”, as focusing on
infrastructure and-institutions as opposed to
tax incentives could “on a net basis, improve
the prospects for attracting investment”.

Mr Kerr said the Bahamas needed to be
“in a better negotiating position” when talk-
ing to foreign investors, making sure their
projects were real and that minimal tax
incentives were given up, because
otherwise “we end up supporting these pro-
jects”... :

Sk A eS



NOTICE

Mrs. Carol D. Misiewicz -
(Munnings)

is pleased to:announce
the opening of her law chambers: ..:

<4

WUSMCUNCA

COUNSEL AND ATTORN EY°A] P LAW
NOTARY PUBLIC"



Suite No. 7 Grosvenor Close
Grosvenor Close and Shirley Street
P.O. Box SS-5467

Nassau, Bahamas

Tel. 328-0396: Fax. 328-1388
WwWww.misiewiczlaw.com

E-mail: carol.misiewiczZ@ gmail.com

X\
xs

Baker's Bay

GOLF & OCEAN CLUB

Great Guana Cay, Abaco
The Bahamas

EMPLOYMENT OPPORTUNITY

You are invited to apply for the following position currently available.





| Executive Chef



Key Responsibilities

Vv Establish culinary standard
YÂ¥ Create menus and recipes for high-end and casual dining to include
‘international and Bahamian cuisine

Maintain food safety standard

Recruit and train culinary team

Manage and develop culinary team

Control food cost

Determine market list and vendors

Design special events

Qualifications

Y Bachelor's degree in Culinary Arts or related subject; professional
certifications

Â¥ Minimum ten (10) years experience at a five-star club, resort or restaurant
with at least three (3) years international or off-shore experience.

V Must be innovative, demonstrate strong leadership and culinary skills,
must be able to train others and execute ideas and standards,

The successful candidate will have the opportunity to work in a growing and
dynamic organization and must be a self-starter, team player, work at the highest
standards of performance, and meet deadlines.

If you are progressive and prepared to advance your career, submit your resume

to the attention of the Director of HR & Training, sbowe@bakersbayciub.com or
by fax at 242-367-0804.

“Becoming the Employer of Choice in The Bahamas!”








LAS TIENDAS '

Your friendly little jewelry store thru the International Bazaar, downtown, ~ -
invites you to our sees ie ; ‘

ANNUAL CHRISTMAS SALE

Noy. 16 thru Noy. 23 you get 25% discount
Noy. 24 thru Nov. 30 you get 20% discount








Then 15% discount will continue thru the month of December _ :
(Lay-aways get 15% discount) at gilt >

Mens’ gold rings from $80...... Ladies’ gold rings from $32
Babies’ gold rings from $20 ...... Gold Handchains from $35
Gold anklets from $37 ..... Gold earrings from $13
~ Gold charms from $10 ..... Gold chains from $35
Let Angie, Eleanor and Ricky help you make your selection Free Giftwraping
LAS TIENDAS
‘ International Bazaar, Bay St. Tel. 325-3333

ShHHdAW\isWwAAM\§ WW’ 2A|}‘}.P7 A W.WWWHWH

BMTTAS PRESENTS
SATURDAY SITTING SERVICES

Hours 9am-6pm/ Ages 5 thru 13 Only $12.00 for the Day!
For more information please call 323-8280
New Facilities WILL take 25 males 25 females!
Sign up early Please pack lunch-Snacks on
Sale Huge FUN DAY!

“While U Shop they will Play”

A leading global, research-based pharmaceutical company
seeks qualified persons for the following position:

Medical Sales Representative

The medical rep will be responsible for promoting
pharmaceutical brands within the healthcare community in
The Bahamas.

Skills & Educational Requirements:

/ Bachelor’ degree in medical science, allied health, or
business management

/ Effective communication and presentation abilities
Jv Proficiency in time management, planning and organizing
/ Computer literate

Jv Self-motivated team player

v Previous experience in pharmaceutical detailing would be
an asset 5

Candidates should possess a reliable motor vehicle, be willing
to travel to the family islands, to the U.S., and other foreign
countries.

Please send résumés by December 7th to:

Medical Rep
Lowe's Wholesale Drug Agencies
P.O, Box N-7504
Nassau, Bahamas
or FAX: 393-0440

We thank all applicants for their interest, however;
only short-listed candidates will be contacted.





oh

THE TRIBUNE

ee
Fed opens up to public scrutiny

§ By JEANNINE AVERSA
AP Economics Writer

WASHINGTON (AP) —
Federal Reserve Chairman Ben
Bernanke moved: Wednesday
to break down even further the
aura of secrecy that historically
has enshrouded the institution
that sets interest rates, taking
steps to keep Main Street and
Wall Street more closely wired
to decisions that can make or
break lives and businesses.

In the job since February
2006, Bernanke said in his
announcement that the time has
come for the Fed to tell the
country four times a year — not
twice — what its projections are
for the health of the economy.
And when it gives that forecast,
it will say what it thinks the
business environment will be

for the following three years —

not two.

These forecasts — a kind of
Fed report card to consumers
and businesses — will state the
expected pace of economic
growth, the anticipated unem-
ployment rate and whatever
policymakers can divine about
inflation. However, the Fed also
will say expressly — and in
unprecedented detail — what
the thinking of the policymakers
was on a given issue and will
furnish more details about
whatever risks are in play.

Bernanke called the changes
an “important advance” in the
Fed’s communications strategy.

The first expanded set of
reconfigured projections will be
released Tuesday at the same
time the Fed turns loose to the
public the minutes of the poli-



“VACANCY

ISG

cymakers’ October meeting.

The announcement marked
the biggest move yet by
Bernanke to put his imprint on
the Fed after succeeding the
venerable Chairman Alan
Greenspan. One Bernanke
mark — given a punctuation
point Wednesday — has been
his stated desire to make the
Fed a more open institution.
Greenspan made progress on
that front in his 18 1/2 years,
but Bernanke has sought to kick
open the door even further, pro-
viding investors, businesses and
individuals with more insights
into the thinking of Fed policy-
makers.

Doing that, said Bernanke,
helps the Fed do its job — keep-
ing the economy and inflation
on an even keel.

Improving the public’s under-
standing of the Fed’s, objectives
and strategies reduces uncer-
tainty, allowing businesses and
people to make more informed
financial decisions, Bernanke
explained. If investors have a
better understanding of how
Fed policy is likely to respond
to incoming information, stock
prices and bond yields will tend
to respond to economic data in
ways that further the central
bank’s objectives, he added.

“The changes will provide a
more timely insight into the
(Fed’s) outlook, will help house-
holds and businesses better
understand and anticipate how
our policy decisions respond to
incoming information and will
enhance our accountability for
the decisions we make,” the Fed
chief said in a speech to a con-
ference on monetary policy held

SECRETARY II-AUDIT






Gaming Board.
















e good analytical skills,

° supervisory experience,

skills.

a plus.

expereince.

Bahamas.




Applications are invited from suitably qualified
persons for appointment to the post of Assistant Sec-
retary II in the Audit Department of The Bahamas

Requiremnts for the position:-
¢ a Bachelor of Science Degree in Accounting,

° at least five(5) years of aduit experience,

° proficiency in Microsoft Office XP, with particular

emphasis on Excel and Access,

e a knowledge of reconciliation, familiarity with the
Accounting and Interanl Controls Regulations,

|| ¢ ability to work under pressure to meet deadlines
° a good communication, writing and leadership

l| © at least ten (10) years gaming experience would be
Salary will commersurate with qualifications and

Please submit resume and copies of all academic
certificates to Manager, Administration & Personnel,
Bahamas Gaming Board, P.O. Box N-4565, Nassau,

Deadline for submission should be no later than
Friday, November 23, 2007.












A. G. Electric Company Ltd.

Licensed Electrical Contractors, Sales and Service

is looking to hire an Electrical Salesperson.
Interested applicants should be high school
graduates, computer literate, personable,
reliable and possess a sound work ethic.
Previous experience an asset.

No telephone calls please.

Resumes should be faxed to:

242-393-3760



THURSDAY, NOVEMBER 15, 2007, PAGE 7B

at the Cato Institute.

Fielding questions after his
speech, Bernanke stressed that
he is especially interested in get-
ting feedback from investors,
companies and members of the
public on the Fed’s communi-
cations changes. “We’ll consid-
er all suggestions as we go for-
ward,” he said.

In 2008, the expanded pro-
jections will be published in the
minutes released aftér the Fed’s
meeting on interest rates. The
forecasts will be included in the
minutes of the Fed meetings
scheduled for January, April,
June and October, Bernanke

said. The projections will con-

tinue to be described in the
Fed’s twice a year economic
report to Congress, he said.

In his speech and in brief
remarks afterward, Bernanke
did not discuss the future course
of interest rates. The Fed in late
October sliced a key interest
rate to 4.50 percent. It marked
the second cut in six weeks to
help the economy survive the
strains of a severe housing
slump and a credit crunch. At
that meeting, Bernanke and his
colleagues hinted that those two
rates cut may be all that is need-
ed to keep the economic expan-
sion intact, although some
investors and economists are
still looking for another rate cut
at the next meeting, on Dec. 11.
























required.

Vacancy
Announcement

Blue Shark Golf Course is currently
accepting applications for the position of

EXECUTIVE CHEF/
RESTAURANT MANAGER

Applicants should have a minimum of an
Associate degree in Management and a
Chef Certificate from an accredited Culinary
Institute locally in the Bahamas or in the
USA or Canada along with 3 years expeeri-
ence as a Chef and Manager.

Specific experience with an upscale restau-
rant in cooking, menu preparations, devel-
opment and design for American, Canadian
and European tourists, the highest interna-
tional service stanards, proper health and
cleanliness practices, meal presentation,
purchasing and stocking of products and
supplies. Knowledge of golf course res-
taurant service and food preparation is a
must. Leadership and supervisory skills are

To apply call 424-6932

At the time of Bernanke’s
speech, a separate statement
outlining the changes was
released by the Federal Open
Market Committee, the Fed’s
chief policymaking group.

As part of the Fed’s effort to
provide more economic infor-
mation, policymakers will make
forecasts of both overall infla-
tion — which affects and is
closely watched by consumers
— as well as “core” inflation,
which excludes food and energy
prices, Bernanke said. Adding a
projection on overall inflation,
which covers a wide variety of
goods and services, is especially
important to consumers as they
make financial decisions, pre-
pare household budgets and
plan for the future.

“Ultimately, households and
businesses care about the over-
all, or headline, rate of: infla-
tion,” Bernanke said.

Greater insights into Fed pol-
icymakers’ thinking also will be
revealed with the expanded
projections, Bernanke said.

“Accompanying the numeri-
cal projections will be a discus-
sion — a projections narrative if
you will — that summarizes par-
ticipants’ views of the major
forces shaping the outlook, dis-
cusses the sources of risk to that
outlook and describes the dis-
persion of views among policy-
makers,” he said.








position
available

The Cove @ Atlantis Resorts
Registered Nurse — Full Time

Responsibilities:

e Provide primary and minor emergency medical

care

e Administration of medication, oxygen,
intravenous fluids as indicated and outlined in the

clinical Protocol Manual

@ Provide accurate and comprehensive medical

reports as required

Requirements:

e Holder of current Bahamian licence

e Must have at least three years experience post
graduation

@ have current BLS & ALS Certification

e Must be responsible, have good communication
skills and independent.

CV should be sent via

THE
MEDICLINIC

e-mail to mary.epcotmedical

@coralwave.com by
November 31%, 2007.


























Aaah

NOTICE |

The following persons are asked to contact

CARIBBEAN WAREHOUSE &
STORAGE LTD.

in reference to items left in storage.





Carla Edwards
Jerome Nottage
Tieora Lavarity

Wilfred Kelly
Bahamia Brides
Dahlia Turnquest






Contact our office by:
November 23rd, 2007

Tel. 325-7522

NOTICE

To: Ali Members of The Public Workers’
Co-operative Credit Union Limited

Dividend/Christmas
Savings Distributions
Dividend
Distribution











Surnames Dates



A-F ‘November 19 - November 23, 2007

N-Z November 26 - November 30, 2007

G-M

December 3 - December 7, 2007

Thereafter, dividend cheques will be distributed
until January 25, 2008




Distribution of Christmas. Savings cheques {|
begins Monday Deceribér 3,:2007

Little Switzerland is a company with over 50 years of E
experience in luxury. retailing with over 25 stores in The
Caribbean and Florida. If you want a career with prospects
and have what it takes to repair fine Swiss watches we

| have an immediate an opening for the following position:

Watch Maker —Breitling Boutique/ Nassau

This position is a key component of our operation.
and ‘our commitment to exceed our customer’s expectations
The successful candidate will be a Certified Watch Maker.
Must have completed factory training and certification by
BREITLING, WOSTEP and, or a compatible Swiss Watch
Brand_ or Association.

The following attributes are Vas

1. Attention to details and the ability to produce
~ high quality work in areas of follow up. and direct

reporting. —

2. Good working knowledge of Microsoft Office
applications, and emails.

3. Strong communication skills and ability to work
well with colleagues.

4. Good oral and writing comprehension of the
English Language.

RT eT LORNA) OLR UL

¢ Maintaining a high quality, precise afier sales
service for the repair of watches.
Perform timely and consistent repairs of watches in
accordance with established industry standards and
procedures.
Effectively communicate the needs and take the
lead in the direction of the after sales service centre.
Implement effective inventory controls that would
facilitate the timely reordering of watch parts and
components and maintain compliance with Internal
Audit si adards.

To apply, please e-mail or fax your resume with a
cover letter to:

Watch Maker Position in Nassau:
E-Mail: wearey@littleswitzerland.com
Bax: (242) 356-9860
Attn: Wiltliain Carey



2







PAGE 8B, THURSDAY, NOVEMBER 15, 2007

THE TRIBUNE

INVESTMENT OPPORTUNITY





NEW PROVIDENCE

LOT No. 21B FRASER ALLOTMENT
OFF SOLDIER ROAD . Appraisal: $258,000.00

The subject property
; con-sisting of 8,400
square feet is
developed with a
split leveled home
with 925 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. completed in its entirety. The
ground floor comprises 2 bedrooms, 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 Appraisal: $300,000.00

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.

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
structure comprising 6,000

feet 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.

PSPSSHSSSSHOSHSSOHSOOLHSHVSSHOOROD

No. 43 JACARANDA ESTATES

SUBDIVISION Appraisal: $1,193,464.20

All that lot of land having an
area of 12,149 square feet being
lot #43 of Jacaranda Subdivision
._ in the Western District of the
Iistand of New Providence.
Located on the subject property
is a split leveled = structure
comprising approximately 6,513
square feet of living space with
me a double car garage and a
m basement. The residence
= comprises five bedrooms, four
and a half bathrooms, study,
\ -_ basement/bedroom, utility room,
recreation area, living, dining, family rooms and kitchen. The property has
an incomplete swimming pool. The residence is 88% complete.
i Location: Take JFK Drive heading towards Lynden Pindling Airport, go
past airport to roundabout at Old Fort Bay area. Proceed towards Lyford
Cay, as you pass the roundabout, Subdivision will be on the left hand side
of the road. Proceed through the gate at the sign Jacaranda to the T-
junction, turn right and proceed around the bend. Subject will be on the
left hand side of the street.





SOCHOHOOTHOCHHOOBHOHSSCEHOOTOOOROOROO

357 WINTON MEADOWS

Appraisal: $203,391.20

All. that lot. of land having an
area of approximately 9,466
square feet, being lot #357, of
a the subdivision known as Winton
Meadows in the Eastern District
of the Island of New Providence.
Located on the said property is a
seven-year-old single family
residence of approximately
2,149.4 square feet of enclosed
living space with three

bedrooms, two and a half bathrooms, living and dining rooms and kitchen.



Directions: Travelling South on Fox Hill Road, turn East on Yamacraw Hill
Road, continue East to the fourth corner on the left (Winton Heights).
Take the first corner on the left, subject property is the third on the right,
painted light gray. ;

FREEPORT

FAIRWAY MANOR CONDOMINIUM Appraisal: $73,000.00






Apartment 402, 2 bedrooms, 2 bathrooms.
Lot 4, Block GN, Edward Birch Curt, Bahamian North



‘FREEPORT

LOT No. 20, BLOCK 1, UNIT 3
FORTUNE POINT SUBDIVISION Appraisal: $38,000.00

All that lot of vacant land having an area of 12,650 sq. ft. being lot No.
20, Block 1 Unit 3 of the Subdivision known and designated as Fortune
Point Subdivision, Freeport, Grand Bahama. Duplex property zoning with
a rectangle shape.





LINCOLN GREEN, CANEBY CLOSE Appraisal: $38,500.00
Unit 5, Block 17, Lot #48 — Single family residence, Clearwater Close.
Located on fresh water canal. Approximately 17,404 sq. ft.

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-
old three bedroom, two
bathroom, living, dining,

kitchen and laundry room house. The structure
attention.

requires much

PAHOHSSHOSCHOHRHSESOCHOSOSCHSOCESSOHSOHEOA

EXUMA Appraisal: $170,000.00

DUPLEX IN LOT 6625
BAHAMA SOUND No. 8, EAST, EXUMA

TYrapezium shaped lot 35
ft. above sea ievel
comprising 10,000 sq. ft.
Situated thereon is a 10-
| year-old. single storey

duplex, 2 bed, 1 bath,

tc oo diving/dining
(Building is in need of

repairs).

_ ESTES SEES OOH ESTASSE ER HRB O REO ES

EXUMA Appraisal: $673,075.00

CASTELRAG ESTATES, LOTS 129 & 130
EXUMA HARBOUR SUBDIVISION

The subject property is located
on Kingway Road and is
developed with an area of
20,000 square feet. Situated
thereon 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
bath guest cottage of 600
square feet. The property is









icket fencing and has a Gazebo at the highest portion

fenced with white p
of the property.

PARCEL OF LAND, PALMETTO POINT
ELEUTHERA Appraisal: $112,105.00

All that piece, parcel or lot of land 2,743 feet East of the junction of the
Paimetto Point road and main Eleuthera Highway containing 2.45 acres.
This site encompasses a 28-year-old single storey concrete structure of
approximately 832 square feet of enclosed floor space inclusive of shop
space and rest room facilities.









TO VIEW PROPERTIES GO TO:

www.stopnshopbahamas.com
Click on “Real Estate Mall”
Click on Doorway

“Enter Online Store”

For conditions of sale and Py miele
contact:






HARRY COLLIE @ 502-3034
E-mail 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
or stopnshopbahamas.com



THE TRIBUNE



MUST SELL



INUMSVAY, NUVENVIBEM 15, ZUU/, FAG yp

INVESTMENT OPPORTUNITY

TRIBUNE,
November 15, 2007

— MISCELLANEOUS PROPERTIES ) cee

Eleuthera Island Shores
Subdivision LOT NO. 1,
-BLOCK NO. 45,
ELEUTHERA ISLAND SHORES

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
Shores Subdivision, situated in the vicinity
of Hatchet Bay Harbour, on the island of
—— - j ' ~ Eleuthera, one of the islands of the
Commonwealth of The Bahams. This site encompasses a two storey building which is approximately
14 yrs old and is abandoned. There is a wooden landing approximately 7’-4” wide by 20’-0” on the
upper level, approximately 1,610 sq. ft. of enclosed living space, with 3-bedrooms, 2-bathrooms,
front. room, dining room, den, kitchen, and utility room. The wooden porch on the upper level is
approximately 148sq. ft. There is also a water cistern under the dining room floor area. All utilities

and services available. °
Appraisal: $151,007.0
This property is situated in Eleuthera Island Shores.



SS

Must Sell Lot No. 597
Gardens

All that lot of land having an area of 3,200 sq ft, being
lot 597 Melvern Road of the subdivision known as
Yellow Elder Gardens, the said subdivision is situated
in the southern district of New Providence Bahamas.
This property is comprised of a 26 yr old single famly
residence consisting of approximately 1,510 sq.
of enclosed living space, with 3-bedrooms including
master bedroom, 2-bathrooms, living/dining room,
kitchen and utility.room. The residence also consists
of a front porch and two patios.



The land is on a grade and level; however the site appears to be sufficiently elevated to disallow the possibility
of flooding aut annual heavy rainy periods. The grounds are fairly kept, with improvements including
driveway and walkway. The yard is enclosed with chain linked fencing.

. Appraisal: $133,395.00
Traveling west along Melvern Road from the sport center road, follow the road to the left. the Sues
property is the 5th property left situated between Zris Court and Richie Court, painted White trimmed yellow.



LOT NO. 2 MORIGOLD FARM
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.

Appraisal: $197,107.60
Take Joe Farrington Road heading east, turn onto Marigold Farm Road go pass Marigold Farms, then turn right onto
Lumumba Lane, go almost to the middle of the corner and the subject property is about the eight house on the right
hand side of the road. ’



. 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
ft, plus 50 x 22 ft., 2,920 sq. ft., the interior
walls are concrete blocks, ceiling is sheet rock
and the floors of vinyl tiles.

Appraisal: $265,225.00





LOT NO. 1 WESTERN SHORES

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,
utility room, porch and enclosed garage with electronic door. The land appears to be sufficiently
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: $753,570.00

Traveling west on West Bay Street. Go pass Orange Hill and Indigo Subdivisions, the house is



~HAMILTON’S, LONG
ISLAND

All that piece parcel or lot of land and
improvements situated in the settlement
of Hamilton's in the Island of Long Island,
and comprising of approximately 13,547 |
sq. ft. and is elevated approximately 7-8
ft above sea level. This site encompasses
a 35yr structure. A simple style home consisting of two bedrooms, one bathroom,
kitchen, living and dining room. the home however is consisted of 2 separate
constructions; 613.60 sq. ft of concrete construction and 624 sq. ft of wooden
construction all amenities are to the property such as electricity, water, cable and

telephone.
Appraisal: $112,000.00.



located on the left near Tusculum Subdivision and painted all white. 4 ae :
The property is accessed by the main Queen's Highway.

VACANT PROPERTIES

Investment Opportunity - Must Sell

Lot No. 20, Block 1 unit 3 Fortune Point Subdivision all that lot of vacant land having an area of 12,650 sq ft, being Lot No.20 block 1 unit 3 of the subdivision known and designated
as fortune point subdivision Freeport, Grand Bahama.. duplex property zoning with a rectangle shape.

Appraisal: $38,000.00



| 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 PL.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. we,



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
50ft and because of this there is. no danger of flooding. The area is approximately 80% developed with all utilities and services available. re

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”

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

OMe OE UCM mCieluneulel ae
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”

—



PAGE 10B, THURSDAY, NOVEMBER 15, 2007 THE TRIBI












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WHOLE KERNEL

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Grandma, 12 0z. .
Molasses..............$3.59 | Cut Yams................








Zante Currants......$3.49.

Shurfine, 10 oz.
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3 Cookies eenneeeeeee eee $4.49 : Pink Grapefruit,

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THE TRIBUNE

THURSDAY, NOVEMBER 15, 2007, PAGE 11B



ee ee ea a
Consumer confidence
holds back retail sales

@ By MARTIN
CRUTSINGER
AP Economics Writer

WASHINGTON (AP) —
Retail sales managed a small
increase in October as con-
sumers struggled with falling
confidence caused by a steep

' slump in housing and tighter

credit conditions.
_ The Commerce Department
reported Wednesday that retail

‘sales edged up 0.2 per cent in

October, compared to the pre-
vious month. It was the weak-
est showing since a 0.1 per cent
rise in August and represented
a significant slowdown from a
0.7 per cent jump in September
sales.

In a separate report, the
Labour Department said infla-
tion at the wholesale level rose
a slight 0.1 per cent in October,
far below the 1.1 per cent surge
in September. The improve-
ment reflected the fact that
energy prices fell by 0.8 per
cent last month after having
soared by 4.1 per cent in Sep-
tember. However, that benign
outcome is expected to be
short-lived, given that crude
oil costs have soared in recent
days, trading briefly above $98

‘ per barrel last week.

Economic

In other economic news, the
government said that busi-
nesses increased their inven-
tories held on shelves and
backlots by 0.4 per cent in Sep-
tember, the largest gain since a
0.5 per cent rise in July. Inven-
tories had risen by a solid 0.3
per cent in August.

The inventory increase was
in line with expectations and
supported the view that
restocking bolstered economic
growth in the July-September
quarter. However, those gains
are expected to fade in com-
ing months if business confi-
dence falters in the face of
weaker consumer demand. ~

The inflation report showed
that food costs continued to
surge in October, rising by one
per cent, after an even bigger
1.5 per cent September gain.

Core wholesale inflation,
which excludes food and ener-
gy, was well-contained last
month, showing no change
after a tiny 0.1 per cent gain
in September.

Weakness

The weakness in retail sales
last month reflected a 0.5 per
cent drop in sales at depart-
ment stores, where merchants
were hurt by a wamer-than-

normal October which
depressed sales of winter cloth-
ing.

Retailers are facing bleak
prospects for Christmas with
consumer confidence plunging
in the face of soaring gasoline
prices, slumping home sales
and tougher lending standards
being imposed by financial
institutions in the wake of a
serious credit crunch.

Analysts attributed much of
the small October gain in retail
sales to higher prices for gaso-
line and food rather than an
actual increase in demand.

Tan Shepherdson, chief US
analyst at High Frequency
Economics, said core retail
sales have risen over the past
three months at the slowest
annualized rate in five years,
since the time the country was
struggling to emerge from the
last recession.

He predicted this weakness
would intensify.

“We expect a further deteri-
oration as consumers cut back
in the face of soaring gas
prices, falling stock prices and
the continued disaster in hous-
ing,” Shepherdson said. “The
holiday season will be terri-
ble.”

Consumer spending is close-
ly watched since it accounts for
two-thirds of total economic
activity. The overall economy

THROW PILLOV

is expected to slow dramati-
cally in the current quarter and
the first three months of next
year, a period which many
economists see as the maxi-
mum danger period for a pos-
sible recession.

Analysts believe that .over-
all economic growth will slow
to around 1.5 per cent at an
annual rate in the final three
months of this year, down from
a 3.9 per cent rise in the July-
September quarter, as the
housing slump continues to

_ exert a toll on the economy.

Federal Reserve Chairman
Ben Bernanke told the con-
gressional Joint Economic
Committee last week that the
Fed was looking for a signifi-
cant slowdown in coming
months due to a longer-than-
expected housing slump. But
he said economic growth
should rebound by mid-2008.

Rise
The small 0.1 per cent rise
in overall prices was better
than the 0.3 per cent gain that
economists had expected. The
government will report on con-

sumer inflation on Thursday
and the expectation is that the

teport will show prices rising

by 0.3 per cent in October,
matching the September gain.

The 0.2 per cent rise in retail
sales in October was right in
line with expectations.

In addition to the big drop in
department store sales, sales
at furniture stores were down a
hefty 0.9 per cent after an even
bigger 1.3 per cent drop in Sep-
tember. Sales of furniture and
other housing-related items
have been severely hurt by the
slump in home sales.

Auto sales rose by 0.2 per
cent in October following a 1.8
per cent rise in September. But
analysts expect domestic
automakers to continue to bat-
tle with slumping demand
because of surging Basoune
prices.

WINDOW CURTAINS
~ KITCHEN GURTAINS

IMPERIAL SHEET SETS ‘
LADY SANDRA COMFORTER SETS

SALE STARTS
MONDAY NOVEMBER 12TH - SATURDAY NOVEMBER 17TH
LOCATED: HARBOUR BAY SHOPPING CENTER

PH: 393-4440 OR 393-4448





PAGE 12B, THURSDAY, NOVEMBER 15, 2007

FROM page one .

substantial equity injection as a
means of the bank’s survival.

THE TRIBUNE

‘No cause for alarm’ on bank as ‘going concern’

“That i is where an equity injec-

That is to Say the bank will be + ‘ty tion:or funding from the Gov-

restructuring its own lending and *
operational practices to ensure
itis employing the best and most
efficient techniques to deliver
the best management practices.

“With respect to the Govern-
ment of the Bahamas, the sup-
port being looked for is not nec:
essarily to ensure the survival of
the bank, but proper funding of
projects the Government wants
to support.”

Mr Cash added: “We, from the
Board’s perspective, fully under-
stand that there are’ some inter-
nal adjustments that can be made
to improve the bank’s loan per-
formance, but as we look to the
future and how the bank can
achieve its mandate, how can we
have greater resources to lend
to people who need it?

ernment becomes important.”

“While the BDB would have to
adjust how it operated in terms
of internal expenditure controls
and its loan portfolio operations,
Mr Cash added: “Let’s face it.
An important part of how the
bank got to where it is is that the
bank has been too effective in
achieving its mandate:

“Persons have chosen not to
repay loans, and their businesses
have not proven to be financial-
ly sustainable.

“The bank must take steps on
the front end of loan adminis-
tration” to ensure Bahamian
entrepreneurs, businesses and
start-ups that received loans and
financing from the BDB had all
the resources they needed to
make their ventures succeed.

These resources included man-
agement and accounting systems,
and access to external services
providers. In this way, the BDB
would “ensure the loans don’t
become non-performing”, Mr
Cash said.

At year-end 2006, some 42 per
cent or $23.341 million out of the
BDB’s total loan portfolio of
$55.433 million was classified as
non-performing, with the
accounts providing for a $7.888
million allowance for loan losses.

Mr Cash, though, pointed out
that while this was “a huge n
umber”, as a development bank,
the BDB was not like a com-
mercial bank, which was focused
on risk management and the pur-
suit of bottom line profits.

Instead, it was focused in what
would be regarded as a private
equity/venture capital field, lend-

| BAHAMAS DEVELOPMENT BANK
Cable Beach, West Bay Street,
P.O.Box N-3034
Nassau, Bahamas
Tel:(242) 327-5780/327-5793-6
Fax:(242) 327-5047, 327-1258
www.bahamasdevelopmentbank.com

New Providence
Vacant lot# 1038
(60°x 100°) ~ Garden
_ Hills #3. (Appraised

Value
$35,000.00)

Lot #338.(60°x97.24")
wrhse 1,735sq dt. ~
Arawak Ave Py tron’s
Addition (Appraised
Valine
$137,060.00)

Lot #4B, Bik #1
(50°x 100°) w/two storey
4 units building ~ West
of Family St off Soldier
Rd (Appraised Value
$232,000.00)

Lot #30 (60°x100")
w/duplex (1,686sq.f.) ~
Golden Gates Estate # |
(Appraised
$177,305.00)

Lots #3 & #4
(50°x100°), Blk #47
widuplex & shop
1,532sy, ft. - Forbes St
Nassau Village
(Appraised V alte”
$120,000.00) &

Lot 40°x36" 41000! Hoe t
(3,933sq. ft} wionidiigs
(1,428sq. ft.) ~ Sutton
Street & St. Bedes Lane
off Kemp Road (Appraise
Value $85,000.00)

Lot #171 (100’x100")
w/two story building ~
East St opposite
Deveaux St.
{Appraised Value
$300,000.00)

Lot #120 (7,773sq. it)
wihouse (1,996sq. ft.) -
Holly Court Blue Hill
Heights (Appratsed
Value$ 150,000.00

Andros
Lot (4,344 8q, 844 sqcfhy
w/duplex (1,174 sq.f)-.
opposite Bateloo Fresh.
Creek, CentralAndros.
(Appraised Valug
0)

PROPERTIES

, Lot #119 (22, 500sq. tt)

w/single story complex
(3,440sq. ft) + Sir Henry
Morgan Dr. Andros
Beach Colony Sub
Nicholls’s Town Andros
ii, Vacant lot 100°x 180°
Pinders, Mangrove
Cay South Andros
(Appraised Value
$22,500.00)
Grand Bahama

. Vacant Lot #8 Bik #12
Unit #3 (11,250sq. ft.)
Henny Ave Derby Sub
Freeport Grand Bahama
(Appraised Value
$98,800.00)

. Lot #15, Blk #15 Unit
#3 (90’x125*) ~ Derby

Sub Freeport Grand
Bahama (Appraised
Value $23,000.00)

4. Vacant lot #862 Section
#| ~ Freeport Ridge Sub
Freeport Grand Bahama
(Appraised Value

ogibn $22,500.00)

radial voce lots #12 & #13,

© Bik #13, Unit #2 -

Lincoln Green
Subdivision Lucaya
Freeport Grand Bahama
(Appraised Value
$80,000.00)

. Lot #8 BIk#7
(102’x125*} wehse
1,935sq. fi. ~- Montrose
LnBahamia West
Replat Subdivision .
Freeport Grand Bahama
(Appraised Value
$180,000.00)

. Ten (10) unit hotel
complex on 4.99 acres of
beach front ~ High
Rock, Freeport Grand
Baliana (Appraised |
Value $1.1 million)

. Vacant lot #5, Blk#3 l;
Section B ~ Royal

3 Subdivision Freeport

Grand | Batiama-:-
’ (Appraised Value
¢ $31,000.00)

“ASSETS

Abaco
19. Lot #54 D 63’x100° w/
triplex foundation—
Murphy Town Abaco
(Appraised Value
$27,034.00)

. Lot #6 vacant 2 acres~
Fox Town Abaco
(Appraised Value
$40,000.00)

Eleuthera
21. Lot 3t'xt1t' whse
Lord Street Taprum Bay
Eleuthera.
(Appraised Value
$45,000.00)

. Vacant Lot #6
(14,555sq. ft.)-a half
mile Southward of
Tarpum Bay Eleuthera
(Appraised Value
$38,000.00)

Cat Island

, Lot w/twelve (12) room
motel 1.39 acres—
Arthur’s Town Cat
Island (Appraised
Value $1.3
Million Dollars)

24, One acre beach front
property w/cottage
900sq. fi—Devil’s
Point Cat Island

Inagua

. Lot #43 (9,000sq. ft)
w/hse-Matthew Town
Inagua Russell Street
(Appraised Value
$120,000.00)

ing to small businesses, start-ups
and entrepreneurs, a field that
was “inherently high risk”.

Mr Cash said the auditors’
statement was “by no means
cause for alarm”, adding: “The
Board will be taking steps to
ensure the bank is around for
the long-term to fulfill its man-
date, which will involve adjust-
ments in how we grant loans and
how do we manage loans once
they have been disbursed.....

“The flipside of every non-per-
forming loan is the realisation of
part of a dream of a Bahamian,
or group of Bahamians, to have a
shot at being business owners.
That is inherently positive for
the country. Our challenge at the
bank at the front end is to ensure
these businesses are sustainable.”

Mr Cash said this did not
mean giving prospective bor-
rowers what they wanted, but

instead required the BDB to

“challenge” them about the
future viability and sustainabili-
ty of their ventures, and whether
they had the management,
accounting and operational sys-
tems in place to give them the
best chance of success.

“One of the best kept secrets

about the Development Bank is
that it does a fairly good job in
ensuring collateral for loans, but
the reason it is a government
institution is that there is a bal-
ance that has to be met between
the bank aggressively collecting
loans to satisfy outstanding
debts.

“The institution must have a
social conscience, but that
authority will be deployed, albeit
in a level-headed, responsible
manner, but we will not be
ashamed in exercising that
authority.”

Mr Cash said the Board aan
given the BDB’ management a
mandate to focus on how it could
assist Family Island development

"projects, including infrastructure

and land development. This and
some other specific areas were
of particular interest to the Gov-
ernment.

The BDB owes some . $29 mil-
lion in long-term bonds to the
National Insurance Board (NIB),
and a further $4 million debt tg
British American Financial.

As a result of a 2001 decision
taken by the first Ingraham
administration, the BDB’s lend-
ing rate will be between 1-2.5
per cent above Bahamian
Prime. q

The Government subsidises
the difference between the
BDB’s lending rate and its nor-
mal 5 per cent spread, amounting
to $384,530 in fiscal 2006.

IN THE MATTER OF SUISSE SECURITY BANK & TRUST LIMITED

(IN LIQUIDATION)
AND

IN THE MATTER OF THE BANKS & TRUST COMPANIES
REGULATIONS ACT, 2000
IN THE MATTER OF THE COMPANIES ACT 1992

NOTICE TO CREDITORS

The creditors of the above-named Company are required, on or before 31st
January 2008 to send their names and addresses and particular of their
debts of claims, and the names and addresses of their attorneys (if any) to
Mr. Raymond L. Winder, the Official Liquidator of the said company at
2nd Terrace West, Centreville, RO. Box N 7120, Nassau, Bahamas. The
creditors may be required by notice in writing from the said Official Liq-
uidator, by their Attorney or personally, to come in and prove their said —
debts or claims at the office of the Official Liquidator at such time as shall
be specified in such notice. If in default thereof they will be excluded
from the benefit of any distribution made before such debts are proved.

Raymond L. Winder
Official Liquidator

VACANCY FOR THE POSITION OF:
Saar wala yap a:

Core responsibilities:

Responsible for Bank’s corporate finances including
budgeting assets and liability management, financial
reporting and accounting.
Review Bank’s financial results and compare to
historical and sector results.
Review and upgrade all Bank financial management

operations.

Establish credit and collection policies and develop
methods for improving.

Bank’s financial performance.
Accountable to ensure regulatory mandates are

followed.

Interacts with branches relating to budgeting and other
finance matters.

Tables
(1) Wood Table (Round)
(1) Marble Table (Rectangle)
Chairs
(1) Facial Bed

(1) Pedicure Set
(2) Pedicure Stools
(1) Ergonomic Task Chair
(3) Maroon Banquet Chairs
Cooler/Freezers

(1) Two Door Chest Freezer
(1) One Door Chest Freezer

(1) Double Door Refrigerator

Electronic Equipment
(1) 1520 Epson Stvlus Cotor Printer
(1) Whirl Microwave
(1)Tec Cash Register
(1) Facial Machine
(1) Brothers Black & White Laser Printer
(1) Janome Monogran/Embroidery Sewing Machine
(1) Sylvania Tower
Surveillance Camera Sy sien
Machinery
(1) Four Burner Stove Electric
(1) Deli Showcase
(1) Chrome Juice Filler
(1) Multi Prait Juicer
(1) Chrome Mixing Tank
(1) Capper Machine
(1) Quilting Sewing Machine

Knowledge, Skills and Abilities:

A minimum of five years experience ina banking
environment.

Complete knowledge of accounting, financial analysis,
and budgeting with experience and skills in financial
management.

MBA with either CPA or CFA.

Strong analytical, administrative, written and oral
communication skills.

Working knowledge of treasury management,
information, and risk management.

Strong leadership skills to design and convey policy
and coach others.

Vehicles

(1) 03 Dod 03 Dodge Caravan

(1) 96 Ford Explorer

(1) 97 Dodge Stratus

(1) 01 Hyundai H-100 Bus
(1) 01 Kia Bus 12 Seater

(1) 02 Kitchen Trailer

(1) 03 Toyota Coaster (Exuma)

Vessels

53’ Vessel (1977) Shabak

29° (1983) Vessel (Lady Rece)

45°(1992) Defender Vessel (Liminos)

48° North Carolina Hull (1989)

52’ Halteras Fiber Glass (1979) MV Buddy

47’ Fiber Glass (1980) Vessel (Miss Quality)

43° Defender Fiber Glass Vessei (1990) (Lady Raine Too) .

120? Steel Hull Vessel (1978)

58’ (1997) Steel Hull Vessel (Bay ouside Child)

51? Defender (1981) Equility

122° Single Screw Steel Hull (1960) MY Lisa IH,
vessel has a new engine requiring installation. And
can be v iew at Bradford Marine, Grand Bahama

Benefits include: Competitive salary commensurate with
experience and qualifications; Group Medical (includes
dental and vision) and life insurance; pension scheme.

Interested persons should apply no later than November

COOKING UTENSILS FORKS, SPOONS, POTS, PANS & CUPS
16th, 2007 to:

DRY CLEANING EQUIPMENT



DA #13679
c/o The Tribune
P.O. Box N-3207,

Nassau, Bahamas

The public is invited to submit Sealed bids marked "Tender" to Bahamas Development Bank, P.O. Box N-
3034, Nassau, Bahamas attention Finical Controller, faxed bids will not be accepted or telephone 327-
5780 for additional infonnation. Please note that all bids on the aforementioned properties and assets
should be received by or on November {9, 2007. The Bahamas Development Bank reserves the right to
reject any or all offers. AML assets are sold as is.





THE TRIBUNE

THURSDAY, NOVEMBER 15, 2007, PAGE 13B



JOB OPPORTUNITY FOR A

Chinese consumer
prices surge again

i By KEITH BRADSHER
c.2007 New York Times
_ News Service

> GUANGZHOU, China —
Consumer prices unexpected-
ly surged again last month in
China despite price controls
on a wide range of industries,
with the prospect of even
higher inflation this month.

For years, flat or falling
prices for Chinese goods
helped restrain inflation in
the United States. But now
jising costs for American
imports from China are com-
plicating the tasK of the Fed-
eral Reserve. The Fed has
been cutting interest rates to
help weak housing and credit
markets in the United States,
but has been wary that low
los might permit inflation

oO noe back into the econo-

t Prices were 6.5 percent
[rice in October than a year
- €arlier, accelerating from 6.2

yercent in September, Chi-
na’s statistical agency
announced Tuesday. The
October inflation rate
matched an increase of 6.5
percent in August, China’s
highest inflation rate in near-
ly ‘1 years.

; Rising prices are an espe-
cially dangerous problem for
China, where public accep-
tance of one-party rule
‘depends to a considerable
extent on ever-rising prosper-
ity. With food prices increas-
ing the fastest — they were
up 17.6 percent in October
‘from a year earlier — many
poor and working-class fami-
lies are struggling to make
ends meet.

* Before dawn last Saturday,
people began lining up for a
‘sale at a Carrefour store in
. Chongging that offered a dis-
count on large jugs of cook-
ing oil; an essential-for a-lot-=:
of Chinese cooking. When
the doors,opened, a stam-., ,
pede ensued, killing three
people.and injuring 31. Chi-
na’s commerce ministry
responded Monday by order-
ing a ban on limited-time
sales promotions.
; China’s leaders are clearly
concerned. Prime Minister

en Jiabao visited the needy

in adistrict of Beijing on

{
k

Monday and promised to sta-
bilize prices, according to the
official news agency Xinhua.

“Prices have been on the
rise these days, and I’m
aware that even a one-yuan
increase in prices will affect
people’s lives,” said Wen,
referring to a sum of Chinese
currency equal to about 13
cents,

Inflation accelerated in
October even though the
government issued a ban on.
Sept. 19 on all price increases
for a long list of regulated
industries, from airlines to
electric utilities to energy
companies. The main culprit
in October was rising food
prices, while non-food prices
climbed just 1.1 percent.

Prices

But prices will probably go
considerably higher in
November. The price con-
trols prevented refiners from
passing on high world crude
oil prices in October, so
many refiners cut back their
output of gasoline and diesel,
resulting in long lines at ser-

_ vice stations. The govern-

ment quickly gave in,
announcing an increase of
nearly 10 percent in the regu-
lated price of gasoline and
diesel that took effect.on
Nov. 1.

Truckers at a rest stop here
in Guangzhou in southeast-
ern China said that the price
hike had not been enough to

' erase the shortages, and that

they were still being forced to
wait hours to buy as little as 5
gallons of diesel.

Not only energy prices may
be higher in November. Wen
also urged employers on
Monday to be more generous
in giving raises to employees
and to be especially careful to

~ follow: minimum. wage.laws.....

If his appeals are heeded,

sogathat.could push up manutac-
“turing wages and prices. :

At a market early Tuesday
afternoon in Shenzhen in
southeastern China, clerks
and customers complained
about rising prices for every-
thing from pork to Chinese
cabbage — although egg
prices had fallen slightly in
the last month.

UCU ee ITTY



for anticipated

By DAVID ROYSE
Associated Press Writer

eee a ae

TALLAHASSEE, Fla. (AP)

t— Las Vegas-style slots would
be allowed at Indian casinos
and the state would get more
han $100 million a year under
fa deal with the Seminole Tribe
that Florida was expected to
announce Wednesday.
; The state has been negoti-
ating with the tribe with a
deadline of Thursday for an
agreement on what types of
ambling the casinos would
yoffer and a plan for the state to
‘get some of the revenue.
' The basic elements of the
‘agreement would allow black-
jack and baccarat as well as
‘Las Vegas-style slots in the
ard Rock casinos in Broward
‘County and Tampa and other
jsites, but no craps or roulette,
jsaid Seminole Tribe lawyer
arry Richard. The compact
‘would allow a minimum guar-
fantee of $100 million a year

‘for the state with the possibili-

ity of more based on gambling
‘revenue, Richard said.
Richard said the compact
ihadn’t been signed yet
‘Wednesday morning — and

that he wouldn’t comment on
when it might be. But with the
deadline looming Thursday
and Crist scheduling a news
conference for a “major
announcement,” it was wide-
ly expected that the negotia-
tions were nearing completion.

The U.S. Department of
Interior had set a deadline of
Thursday for Crist to finish
negotiations with the tribe on
the issue.

The tribe would get the
exclusive right to run casino
games at their facilities under
the agreement, which is expect-
ed to be for 25 years.

The deal is complicated by
opposition in the Legislature.

House Speaker Marco
Rubio, R-West Miami, has said
that the plan can’t be finalized
without legislative approval,
and that the House might sue
to block it if it doesn’t get a
say. Several members of the
House oppose expanding gam-
bling in Florida.

Meeting with reporters
briefly before and after a Cab-
inet meeting early Wednesday,
Crist didn’t confirm the deal
and declined to comment on
negotiations in any detail.

NOTICE is hereby given that RONALD GUSTAVE of
MIAMI STREET, 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 15th day of November, 2007 to the Minister
‘| responsible for Nationality and d Gitizenehp, PO. Box N- 7147,
; Nassau, Bahamas.



But prices remain low in
dollar terms, with some veg-
etables selling for as little as
12 cents a pound.

That low price in dollar
terms is a result of a very low
exchange rate for China’s
currency, known as the yuan
or renminbi.

China’s central bank has
been buying foreign curren-
cy, mainly dollars, at a pace
of $1 billion a.day to slow the
rise of its currency.

American companies buy-
ing from China face a double
whammy: not only are prices
rising in terms of China’s cur-
rency, the yuan, but China
has also quietly begun allow-
ing the yuan to rise at a faster
pace against the dollar.

The annualized pace of
appreciation of the yuan has
climbed to 6 percent in the,
last week,

This will make it a little
cheaper in yuan terms for
Chinese companies to import
raw materials, which tend to
be priced in dollars. But it is
still slower than many mem-
bers of Congress have sought.

China’s competitiveness
has not diminished yet,
either. On Monday, China
posted another record
monthly trade surplus: $27

billion in October.

China now exports more to
the European Union than the
United States, and éxports to
Europe have been growing
strongly. The yuan has actu-
ally been losing value against
the euro because China has
set the appreciation rate of
the yuan in terms of the dol-
lar, which has been falling
steeply.

Many manufacturers, as
well as retailers of manufac-
tured goods, have not yet
raised prices, hoping to hold
on to market share even as

.China’s. production capacity.

keeps growing.

Pan Xishen, a business
development manager at
Tayohya, a home decoration
chain with 370 franchised
stores across China, said the
company had resisted raising
prices even though raw mate-
rial costs had climbed 5 to 8
percent in the last year.

“Tt’s reducing the margin”
of profits, he said at the
Global Sources Franchising
China trade show here in
Guangzhou in southeastern
China on Tuesday afternoon.
“We're controlling the price
to the consumer.”





FINANCIAL CONTROLLER

An established Bahamian Company is re a Financial Controller.

Qualifications for the position are: ,

¢ Bachelor’s Degree or equivalent in “achouitii or applied finance

from an accredited and reputable university.
Certified Public Account. ‘
3-5 year Audit experience

Proficiency in Accounting Software such as QuickBooks or Peachtree
Experience in preparing IFRS compliant financial statements
The individual will be responsible for directing the overall financial
plans and accounting practices of the organization.

Interested persons should send resumés to:
P.O. Box CB-12707
Nassau, Bahamas

Join the leading Conservation
Organization in the Country as

BOOKKEEPER

ROLE RESPONSIBILITIES

Accounts Receivables

* Process daily cash sales and payments
* Process daily bank deposits

* Process credit card transactions

Accounts Payables

* Prepare payment requisition for vendor payments

* Enter data and maintain accounts payable files and records on a
daily basis

Verify receipt of materials or services and hac to invoices
Process payments and distribute checks according to established
procedures

Contact all vendors for payment collection — mail or pickup
Maintain historical records for all accounts payable transactions
on a weekly basis

* Prepare local and foreign payments

Other : §
* Deliver utility payments
* May be required to perform other duties “

SNe SKILLS REQUIRED
+, An Associate Degree in Accounting, Business Administration
or Related fields
Minimum of 5 years experience in Accounting or Finance
Sound knowledge of accounting and related administrative
eu siciet
, Basic knowledge and’ understanding of accounting systems
*** Ability to identify potential risk issues and solutions and to
"communicate thesé éffectively to the Finance Manager
Strong PC skills
Strong analytical and problem-solving skills
+ Ability to maintain moderately complex and automated accounting
records in an orderly and accurate manner.
Ability to generate reports in excel with minimum direction



Applications must include cover letter, resume,
and three letters of reference.
Applications should be mailed to
Bahamas National. Trust, Human Resources Manager, .
P.O. Box N 4105, Nassau, Bahamas
Deadline: November 30, 2007.

Family Island Resort Marina
eT CRe ole EnEas

Job Description:

A Family Island Resort Marina seeks a General Manager with a strong background in hospitality,
real estate development, property management and construction management services. The successful
candidate must have a solid track record of success and growth. The successful applicant should:

Create and execute project work plans as appropriate to meet changing needs and requirements.
Identify resources needed and assigns individual responsibilities.

Manage day-to-day operational aspects of the Marina Project

Effectively applies our methodology and enforces project standards.

Prepare for reviews and quality
Project Accounting

assurance procedures ‘

Determine appropriate revenue recognition, ensures timely and accurate invoicing, and monitors

receivables for the Marina.
Forecast basic revenue models, P/L, and cost-to- ec ouienon projections and makes decisions

accordingly.

Requirements:

A management and/or hospitality-related college degree
10+ years of progressive experience in hospitality, operations and development
An entrepreneurial spirit and a,willingness to roll up your sleeves and do what it takes to get the

job done

Strong knowledge of construction management and cost control policies and procedures
Solid communication and interpersonal skills, ability to get along with people at all levels of the

organization

We offer an excellent compensation package with benefits.
For a confidential interview, please submit your resume to island_development] @yahoo.com.





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FsISsSeo




PAGE 14B;}. THURSDAY, NOVEMBER 15 , 2007

OVERVIEW OF DEHS ZONE INITIATIVE

The zone initiative is quite simply a district assignment that identifies persons
within each zone. It at present identified the grounds and beautification and

Health inspectorate staff.

New Providence has been divided into eight (8) zones. Each zone has specific
grounds and beautification zone manager and a team, as well as Health

Inspectors with specific functions. The zones are identified by numbers namely

one (1) thru eight (8). They are outlined in as per the tables and map. : e

WHAT IMPROVEMENTS/ADDITIONS ARE ANTICIPATED?

The DEHS expects that with the acquisition of some ten (10) new garbage
collection vehicles, that vehicles will be clustered ‘so as to allow specific day
scheduling of all zones. This would allow collection of all communities in a zone

é
on aspecific day;

The DEHS will expand the program to include vector control. The vector control
unit will not be assigned specific zones at this time, as we are about to launch a

rodent eradication program that demands concentrated manpower;

The acquisition of additional resources through upcoming budget allocation in

order to improve efficiency;




GENERAL
SANITATIONS &
COMPLAINTS

GROUNDS: &
BEAUTIFICATION
ZONE MANAGERS





AREA 1







THE TRIBUNE

GN-613

*, GOVERNMENT NOTICE |

‘ ~ Ministry of Health & Social Development _
Department of Environmental Health Services

A dedicated beautification unit responsible fore creating green spaces will be

added during the next hudget cycle,

WHAT ARE THE OBJECTIVES OF THIS INITIATIVE?

To immediately identify all obvious nuisances related to poor garbage storage,
non-collection, unkempt roadways, verges, parks and medians, littering, illegal
dumping, derelict vehicles, overgrown abutments, and unsanitary commercial

and residential properties.
To identify nuisances which adversely affect the aesthetics of the zones;

To provide immediate attention to the rectification of all nuisances by providing

the necessary services, legal action or referral to the appropriate authorities;

To. Provide a sustained high level of environmental maintenance in all zones by

regular scheduled cleaning and landscaping services;

To provide sustained environmental education and enforcement through the

actions of the health inspectorate;

To affect a significant decrease in the number of environmental nuisances within

each zone and thus improve the quality of life for all community members;









CERTIFICATE OF URBAN RENEWAL
SANITATION

LICENSING










EAST
WEST
NORTH
SOUTH
















Kimsley Ferguson | Tino Lightbourne | Sandra Knowles Lawrence Burrows



Hill Road
Sea




Sea





Fox Hill Road Denver Hanna

East Street













Bernard &
Village Rds



The Sea *




Fox Hill Road
Eastern Road
The Sea
The Sea

George Sweeting

Soldier Road Christine Dean
East Street
Wulff Road

Soldier Road



Peter Sweeting



AREA 5

EAST Bast Street Hilton Solomon Oneil Missick
WEST The Sea : ‘

NORTH The Sea

SOUTH Poincianna Ave.

Thompson’ Blvd &
J.F.K. Drive







AREA 6
















EAST East St Esley Burrows Jan Mortimer
WEST Blue Hill Rd
NORTH Wulff Rd



SOUTH Soldier Rd



AREA 7
EAST





Blue Hill Rd Rayford Rigby Clinton Brennen










WEST The Sea
Thompson Blvd,

NORTH JFK Drive

SOUTH Carmichael/Adel

aide Rd







Anthony Ingraham | Margo Thompson

Blue Hill Rd
The sea ;
Carmichael/Adel
The sea





Kendrick Johnson





Kendrick Johnson












Colamae Gardiner
Pinewood Gardens
Nassau Village

Sandra Knowles Lawrence Burrows












Sabrina Fowler Lawrence Burrows | KipKeno Wright







Osbourne Knowles



Monique Sargent Lawrence Burrows



Sharabelle Dean
Fort Charlotte
Bains & Grants
Town

Monique Sargent Kelvin Taylor








Sabrina Fowler Kelvin Taylor













Sandra Knowles Kelvin* Taylor







Monique Sargent Kelvin Taylor











ct
’

"THURSDAY, NOVEMBER 15, 2007, PAGE 15B

DEPARTMENT OF ENVIRONMENTAL HEALTH SERVICES



THE TRIBUNE



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PAGE 16B, THURSDAY, NOVEMBER 15, 2007



Notice of Sitting for New Providence Port Authority Board
To consider Application For Licence Under The Boat Registration
Act Chapter (277)

Notice is hereby given that a meeting of the New Providence Port Authority Board
for New Providence and the Family Islands will be held at the Port Administration
Building, Prince George Wharf on the 29 November, 2007at 3:00pm for the
purpose of granting Licences under The Boat Registration Act Chapter (277)

Any person entitled to and wishing to object to any application should do so at
least six (6) days before the date of the hearing by submitting his/her objections in
writing to the Board and to the applicant.

Persons attending the meeting on behalf of an applicant must produce written

authorization at the meeting.

Applicants for renewals are not required to attend, unless they have received
written notification from the New Providence Port Authority.

The under mentioned persons have applied for grant of licences as specified below:

NEW BOAT LICENCE NEW PROVIDENCE





REG. NO APPLICANT BOATNAME CLASS PASS USE
NB/147/07 Dames Neil P. ‘Hydra — Terra”. B 49 Charter
P.O. Box N-261 40ft
Nassau, Bahamas Fibreglass
NB/148/07 Pratt Theron . “Hot Pursuit” A 8 Charter
P.O. Box SS-5693 30ft
Nassau, Bahamas Center Console
NEW MASTER’S LICENCE -NEW PROVIDENCE
LICENCE # NAME CLASS
NB/60/07 Cartwright Fabian V A
P.O. Box N-4856 .
Nassau, Bahamas
- NB/61/07 Gilbert Jaurez J. B
P.O. Box N-476
Nassau, Bahamas
Virgil CleeJ. J
NB/62/07 P.O. Box CB-13137 B
Nassau, Bahamas
NEW PROVIDENCE
REG NO APPLICATION BOAT NAME CLASS PASS USE
NP: 818 BSC Johnson Watersports “No Name” D 2 Rental
P.O. Box SB-50115 oft
Nassau, Bahamas Jet Ski
NP: 820BSC Johnson Watersports “No Name D 2 ~ Rental
P.O. Box SB-50115 oft
Nassau, Bahamas Jet Ski
NP: 817BSC Johnson Watersports “No Name D 2 Rental
P.O. Box SB-50115 Of rile :
Nassau, Bahamas Jet Ski
NP: 806BSC Johnson’Watersports “No Name D 2 Rental
P.O. Box SB-50115 oft
Nassau, Bahamas Jet Ski
NP: 745RCB Lewis Sean “No Name” D ; 2 Rental
Nassau, Bahamas oft
Jet Ski
NP: 744 Lewis Sean + “No Name” D 2 Rental
Nassau, Bahamas oft
Jet Ski
NP: 743 Lewis Sean “No Name” D mid Rental
Nassau, Bahamas oft
Jet Ski
NP: 116 ATE Mark Edwin J “NoName” =D 2 Rental
Nassau, Bahamas oft
Jet Ski
NP: 622 ATW _ Sears Alexys ‘NoName 2 Rental
Nassau, Bahamas Oft
Jet Ski
NP: 121 ATE Sweeting Shamane “No Name D 2 Rental
P.O. Box Gt-2450 oft
Nassau, Bahamas Jet Ski
NP: 127 ATE Sweeting Shamane “No Name ‘'D 2. Rental
P.O. Box GT-2450 oft
Nassau, Bahamas Jet Ski
RENEWAL BOAT LICENCE-NEW PROVIDENCE
REG NO APPLICATION BOAT NAME CLASS PASS USE
NP: 6784 Big Conch Limited “Big Conch” A 0 Barge
P.O. Box CR-55415 26ft
Nassau, Bahamas Steel Hull

REG NO

NP: 6782
NP: 6785
NP: 6783

NP: 6631

NP: 3243

NP: 6628

NP: 6404

NP: 2255

NP: 6330

NP: 6632

NP: 448

LICENCE #

1035
7244
1119
7441
6467

8235

LICENCE

8330

6112

7098
6123
7180

6190

5056
6697
6192

7Al\

THE TRIBUNE

GN-612

GOVERNMENT NOTICE

PORT DEPARTMENT

RENEWAL BOAT LICENCE-NEW PROVIDENCE



APPLICATION BOAT NAME CLASS PASS USE
Big Crab Limited “Big Crab” A 0 Tug Boat
P.O. Box CR- 55415 79ft
Nassau, Bahamas Steel Hull
Big Scoop Limited “Big Scoop” A 0 Barge
P.O. Box CR-55415 — 180ft
Nassau, Bahamas Steel Hull
Big Snapper Limited “Big Snapper” A 0 Tug Boat
P.O. Box CR-55415 /79ft
Nassau, Bahamas _ Steel Hull
Blue Hole “Annie Alyssa” © B 0 Rental
Watersports 22ft
P.O, Box CR-55886 Boston Whaler :

Nassau, Bahamas
Custom Aquatics “Boomer” A 7 Charter -
Limited 28ft
P.O. Box CB-12730 : Center Console
Nassau, Bahamas
Custom Aquatics “Gray Dawn” A 8 Charter
Limited 40ft
P.O. Box CB-12730 Fibreglass
Nassau, Bahamas .

Dean Earnest R. “M/V Legacy” A 50 Mail Boat
P.O. Box EE-17318 160ft
Nassau, Bahamas Steel Hull

Eldon EnterpriseCo ‘M/V Current A 45 Mail Boat
Ltd Pride
Nassau, Bahamas 77h

Trawler

Hunt William “Hi Life” B 8 Charter
P.O. Box SB-1753 45ft
Nassau, Bahamas Fibreglass
Michelle Towing “Tiki” A 0 Tug Boat
Service S8ft
P.O. Box N-3709 ‘Steel Hull
Nassau, Bahamas
Michelle Towing “Rosa I” A a) Tug Boat
Service ~~ 65ft
P.O. Box N-3709 Steel Hull
Nassau, Bahamas
RE ; -

NAME CLASS
Brown Troy A
Rock Sound,Eleuthera
Darville Joseph R. A
Berry Island, Bahamas
Darville Percy A
Berry Island, Bahamas
Edgecombe Anthony A
Treasure Cay, Abaco
- Eldon Gerald A
Current Eleuthera, Bahamas
Nelly Bruce P. A
Current Eleuthera, Bahamas
RENEW. ER? -
NAME CLASS
Barnett Robert B
P.O. Box NP-2141
Nassau, Bahamas
Burrows Carroll A
Nassau, Bahamas
Bain Leroy H A
P.O. Box N-8175
Nassau, Bahamas
Cartwright Jason V.A A
P.O Box N-813
; Nassau, Bahamas
Clarke Kelvin A
P.O. Box N-5693
Nassau, Bahamas
Davis Ezra A
Nassau, Bahamas
Doyle Frances A
P.O. Box CB-12730
Nassau, Bahamas
Doyle Edward L A
P.O. CB-12730 :
. Nassau, ‘Bahamas
Hart Louis A. vA
P.O. Box N-9707
Nassau, Bahamas
Johnsun Bircel B
P.O. Box SB-50115
Nassau, Bahamas



* weerelbaire

THE TRIBUNE

er

LICENCE

7905

RENEWAL MASTER’S LICENCE- NEW PROVIDENCE

NAME CLASS

Johnson Brent T. A
P.O. Box F-43903
’ Nassau, Bahamas

Knowles Thomas

THURSDAY, NOVEMBER 15, 2007, PAGE 17B

FROM page one

cult as possible for crimes to be committed against
their business, customers and employees.

He added that businesses could not rely on the
court system to prosecute persons and deter them
from committing crimes.

Crime prevention tactics will be discussed at
the upcoming seminar held in conjunction with
the Royal Bahamas Police Force and Crime Stop-
pers Bahamas. It is intended to inform the busi-
ness community about the many ways to be

Electronic payment

The seminar will be held at the Conference
Centre at police headquarters on East Street
from 8.30 am to 4pm on November 19. During the
morning session the ‘Root Causes and Analysis of
Crime’ will be discussed by psychiatrist Dr David
Allen, community activist Carlos Reid, and Rev
CB Moss of the Bahamas Christian Council.

A panel discussion on ‘Crime Analysis, Vic-
tim’s Rights and Solutions’ is scheduled for 10.45
am. During the afternoon session at 2 pm, ‘Busi-

P.O. Box SS-6554
Nassau, Bahamas

Lightbourne Barry M.
P.O. Box CB-12291
Nassau, Bahamas

Lightbourne Andre A.
P.O. Box SS- 6862
Nassau, Bahamas

Moxey Lynden P.
P.O. Box CR-55506
Nassau, Bahamas

Morley Cyril E
P.O. Box N-8175
Nassau, Bahamas

Maycock Etienne
Nassau, Bahamas

Newbold Torino M
P.O. Box CB-13288,.
Nassau, Bahamas

Rolle Patrick
P.O. Box SS-19523
Nassau, Bahamas

Rolle Garnet G.Jr.
P.O. Box N-3709
Nassau, Bahamas

Smith Brian L.
P.O. Box N-781
Nassau, Bahamas

Turnquest Michael
P.O. Box EE 5685

Nassau, Ba yp 2



PUBLIC NOTICE:

’ MINISTRY OF PUBLIC WORKS AND TRANSPORT
PARADISE ISLAND BRIDGES INSPECTION AND REPAIRS PROJECT

INVITATION FROM QUALIFIED CONSULTING\ ENGINEERING FIRMS

The Government of The Bahamas, through the Ministry of Public Works &
Transport, is requesting proposals from qualified Consulting Engineering
firms to provide Planning, Design, Engineering and Construction Management
Services for the inspection and subsequent repairs of the East and West Bridges
to Paradise Island.

It is intended that the investment of the Government in these bridges be secured
for their design life and beyond through these and other inspection and repair
works, thereby ensuring that the tourism product and development on Paradise
Island continue to enhance the nation’s economy.

The Ministry of Public Works & Transport now invites interested Con-
sultants, both local and international, to collect, for a non-refund-
able fee of B$50.00 (US$50.00). the Request for Proposal (RFP)
Documents and to complete and submit same in accordance with the
instructions therein.

‘

RFP documents may be obtained by interested parties as of Monday, 5th
November, 2007 between the hours of 10:00am and 4:00pm Mondays to
Fridays from:

The Civil Engineering Section

1st floor East Wing,

Ministry of Public Works and Transport,
John F. Kennedy Drive

P.O. Box N-8156

Nassau, Bahamas

Telephone: (242) 322 4830 Ext.4042.

Fax: (242) 302 9770
Email:melanieroach@bahamas.gov.bs

upon evidence of the payment of the requisite fee. (Please note that payment may
be in form of cash, or certified check, or bank draft or money made payable to
The Public Treasury of the Bahamas.)

The original and three (3) copies of the completed proposal must be placed
in a sealed envelope clearly marked “RFP 2007 Paradise Island Bridges
Inspection and Repairs,’’ and deposited in the Tender Box at the Ministry of
Finance, Sir Cecil Wallace-Whitifield Center, West Bay St, Nassau, The
Bahamas no later than 10:00am on or before Tuesday, December 11, 2007.
Applicants will be notified of the results after the submission of the documents

and evaluation.

Signed: Creswell Sturrup
Permanent Secretary
Ministry of Public Works & Transport



TO ADVERTISE IN THE CLASSIFIEDS
CALL 502-2351 |

proactive and learn certain measures they can
set in place to deter criminal activity from their
establishments.

ness Executive and Employee Protection Against
Violence’ will be discussed.










SUNSHINE INSURANCE

(AGENTS ¢ BROKERS) LIMITED

correspondents or MARSH

The world’s #1 risk specialist

NOTICE TO THE PUBLIC

Please note that our offices at Shirley
Street and Blue Hill Road



will be CLOSED on

Friday 16th November, 2007 for
our Strategic Planning Retreat

to betten:serve you.




The offices will re-open on
Monday 19th November, 2007.

We apologize for any inconvenience.

as

MINISTRY OF FINANCE
TREASURY DEPARTMENT

PUBLIC NOTICE - REMINDER

The Treasurer of the Commonwealth of The Bahamas advises all pensioners,
Parliamentary, Judicial, Official, World War 1 Veterans & Widows, Bahamas Widows’
'& Orphans’ and Re-employed, whose pension payments are paid directly into their bank
accounts and who have not yet verified during the July, 2007 verification exercise , to do so
without delay.

Failure to present oneself or the appropriate Life and Payment Certificate for verification,
will result in the disruption of December .2007 bank payments and thereafter until verified.

"Pensioners submitting Life and Payment certificates as verification must ensure that the.
certificate is duly signed by one of the persons designated and that the signed date falls
within the mentioned period.

Pensioners’ are further advised to visit the Pension Section, Treasury Department situated
on the ground floor of the British American Insurance House, Marlborough St. and Navy
Lion Road, bringing with them a form of identification such as Passport, Voters card,
National Insurance LD. or Drivers’ license.

The following Life and Payment Certificates are available at the Treasury Department,
Nassau and Freeport, and at Family Island Administration offices: :

_ © Parliamentary Pension Life & Payment Certificate - for retired
Parliamentarians.

Official Pension (Judicial) Life & Payment Certificate — for retired Judges.
Official Pension Life & Payment Certificate — for retired Public Officers.

World War 1 Veterans and Widows Life & Payment Certificate - for
Veterans & Widows of World War 1.

Bahamas Widows’ & Orphans’ Pension Fund Certificate — for Widows’
& Orphans’.

Pensioners residing within The Bahamas should note that the submission of Life and
Payment certificates on a monthly basis is no longer required, However, all pensioners are
expected to verify during January and July of each year to avoid any inconvenience.

For further details please contact the Pension Section, Treasury Department at telephone
no. (242) 322-4561. Life and Payment Certificates may be forwarded via facsimile at (242)
322-4566.





PAGE 18B, THURSDAY, NOVEMBER 15, 2007

mM ATLANTA

UAL Corp.’s United Airlines
_ and Delta Air Lines Inc. have
been discussing a combination
between the nation’s second- and
third-largest carriers that would
keep the United name and the
corporate headquarters in Chica-
10, The Associated Press has
earned...

Shares of both airlines surged
on the news.

There is a sense of urgency in
the talks, which have been going
on for some time and continued as
recently as a week or so ago, an
official with knowledge of the talks
said Wednesday. The official
spoke on condition of anonymity
because the person was not autho-
rized to speak publicly. ~

“They want to get something
done before a new administration
gets in and so they get the clock
ticking on” federal regulatory

’m lovin’ it

BUSINESS

Official says United, Delta have discussed combining

approval, the official said.

The exact financial details of
the transaction being discussed are
not clear, But the talks involve
United being the name of the
combined airlines, the headquar-
ters staying in Chicago and Delta’s
Atlanta hub being an operational
center for the two carriers, the offi-
cial said. One possible scenario
involves Delta CEO Richard
Anderson being the chief of the
combined airline, the official said.

Delta also has had talks with
other airlines, the official said,
without specifying which airline
or the status of any such talks.

A spokesperson for Chicago-
based United did not immediately
return a call Wednesday seeking
comment. Delta spokeswoman
Betsy Talton declined to com-
ment.

Shares of Delta rose $1.92, or
10.2 percent, to $20.67 in after-
noon trading. UAL shares gained

Position Available:

$4.20, or 9.7 percent, to $47.70.

Delta said in a statement
Wednesday that its board has
established a special committee to
work with management to review
and analyze strategic options for
the airline. Top executives have
said recently they are trying to
determine whether consolidation
makes sense for Delta.

When Anderson was named in
August as Delta CEO to replace
Gerald Grinstein, there was imme-
diate speculation in the investment
community that Delta and North-
west might eventually merge.
Anderson is a former CEO of
Northwest Airlines Corp. —

Anderson immediately tried to
dispel such speculation, telling
Delta employees he wasn’t coming
to Delta to facilitate a deal with
Eagan, Minn.-based Northwest.

Delta’s statement Wednesday
was responding to pressure by a

THE TRIBUNE



hedge fund that owns 7 million
Delta shares to consider combin-
ing with UAL.

Pardus Capital Management LP ©
said in a letter to Delta’s top man-
agement on Tuesday that it is
“imperative” that the company
undertake a merger transaction ,
with another airline in view of »
soaring fuel prices and what it '
described as the increased risks of |
going it alone.

“Consolidation is needed to de-
risk the industry and time is of the
essence as now is the right regula-
tory environment,” said Karim
Samii, president of Pardus, and
Shane Larson, a principal.

The hedge fund executives said
they had determined since making
a similar recommendation in a |
Sept. 7 letter that “the most attrac-
tive and practical combination
would be a Delta and United Air-
lines combination.”

EMPLOYMENT OPPORTUNITY

CREW NEEDED FOR
MCDONALD’S RESTAURANTS

Requirements:

e Must be a high school graduate

e Must be people oriented

¢ Must have smiling faces

¢ Must be customer service driven

e Must be a high performer

¢ Must have excellent oral & written
communication skills

¢ Must be able to work flexible hours,
including late nights, weekends and
holidays. cae

McDonald’s offers excellent benefits!
Competitive Pay!
Training!

Career Development!
Monthly Incentives!
Opportunities for Upward Mobility!

Applications available at all three
restaurants and McDonald’s Head Office
_ on Market Street North .

Legal Notice
NOTICE

ESTANCIA LTD.

eo
Notice is hereby given that in accordance with section
_ 138 (8) of the International Business Companies Act
_ 2000, the dissolution of ESTANCIA LTD. has been com-
pleted; a Certificate of Dissolution has been issued and _
_ the Company has therefore been struck off the Re gister.

~ ARGOSA CORP. INC.
; (Liquidator)



4Pricing Information As Of: ;
qu November 200 7







52wk-Low ~~ Securit

41.6 0.54 Abaco Markets 1.59
£11.74 11.00 Bahamas Property Fund 11.60
9.55 7.86 Bank of Bahamas 9.55
0.85 0.70 Benchmark 0.85
13.74 1.66 Bahamas Waste 3.74
2.62 1.21 Fidelity Bank 2.61
11.20 9.81 . Cable Bahamas 11.18;
3.15 1.83 Colina Holdings 3.15
5.52 4.03 Commonwealth Bank (S1) §.52 |
7.22 4.70 - Consolidated Water BDRs 6.24
2.70 2.20 Doctor's Hospital 2.26
16.50 5.54 Famguard 6.50
12.80 12.00 Finco 12.71
14.757 14.00 FirstCaribbean 14.65
6.10 5.18 _ Focol (S) 6.03
1.00 0.54.” Freeport Concrete 0.74
8.05 TAG > ICO utilities 7.25
10.05 8.52 J. S. Johnson ;






Premi





52wk-Low Symbol
14.25 Bahamas Supermarkets

+. 6.00. Caribbean Crossings (Pref)

0.20 RND Holdings







41.00 ABDAB
14.00 Bahamas Supermarkets
0.40 RND Holdin



Fund Name
1.3130. Colina Money Market Fund 1.362272*
2.9449 — Fidelity Bahamas G & | Fund 3.5388*"*
2.4829 Colina MSI Preferred Fund 2,938214**"

Colina Bond Fund 1.279370*"*

Fidelity Prime In



=” ) FIDELITY

Previous Close Today's Close



HEAVY EQUIPMENT
MAINTENANCE MANAGER

Job Description: |
Responsible for. the management of all
‘maintenance activities in Nassau ensuring
all preventative maintenance and heavy
equipment repairs are conducted as per com-
pany standards. Conducts on-site audits and
evaluations of port equipment, coordinates .
repair activities and preventative procedures.

Education:
High school diploma or equivalent. Trade
or Technical certificate in Heavy Equipment
Maintenance.

Experience:

Five years experience in heavy equip-
ment maintenance with at least two years
in management of equipment maintenance.

Container Terminals offers a highly competi-
tive package of benefits. Salary is commen-
surate with qualifications and experience.



Legal Notice

NOTICE

RENDEZVOUS HOLDINGS LTD.

Notice is hereby given that in accordance with section
138 (8) of the International Business Companies Act
2000, the dissolution of RENDEZVOUS HOLDINGS.
LTD. has been completed; a Certificate of Dissolution
has been issued and the Company has therefore been

struck off the Register.

ARGOSA CORP. INC.
(Liquidator)








Change Daily Vol. EPS $ Div $ Yield
1.59 ; 0.000 16.9 0.00%!
11.60 0.00 1.502 0.400 7.7 3.45%|
9.55 0.00 0.733 0.260 13.0 2.72%
0.85 0.00 0.048 0.020 17.7 2.35%)
3.74 0.00: 0.275 0.060 13.6 1.60%
2.61 0.00 0.051 0.040 §1.2 1.53%
11.18 0.00 1.030 0.240 10.9 2.15%
3.15 0.00 0.208 0.080 16.4 2.54%
5.52 0.00 0.426 0.227 13.0 4.11%]
6.55 0.31 0.129 0.050 = 49.0 0.79%
2.26 0.00 0.284 0.020 8.0 0.88%]
6.50 0.00 0.804 0.240 8.1 3.69%!
12.71 0.00 0.768 0.570 16.5 4.48%)
14.65 0.00 0.934 0.470 15.7 3.21%
6.03 0.00 0.359 0.133 16.8 2.24%)
0.74 0.00 -0.415 0.000 N/M 0.00%
7.25 0.00 0.411 0.200 17.6 2.76%!
10.05 0.00 0.991 0.590 i





















Last Price Weekly Vol.
16.00

EPS $
1.160







Yield %

Last 12 Months Div $






NOTICE is hereby given that LATOYA. PLUMMER-
_CHEDDESINGH of ST. ALBURI’S DRIVE, 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 15th day of
November, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that ROCHELLE TELFORT,
WASHINGTON STREET, 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 15TH day of NOVEMBER, 2007 to the Minister











ALL SHARE INDEX - 19 Dec 02 = 1,000.00
-Hi - Highest closing price in last 52 weeks
| 52wk-Low - Lowest closing price in last 52 weeks



} Previous Close - Previous day's weighted price for daily volume
i
Today's Close - Current day‘s weighted price for daily volume

| Change - Change in closing price from day to day

Daily Vol. - Number of total shares traded today

, DlV & - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month earnings

: - 4-for-1 Stock Split - Effective Date 8/8/2007



lock Split - Effective Date 7/11/2007

MARKET TERMS

ae
YIELD - last 12 month dividends divided by closing price

Bid $ - Buying price of Colina and Fidelity
Ask $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price
Weekly Vol. - Trading volume of the prior week
EPS $ - A company's reported earnings per share for the last 12 mths

NAV - Net Asset Value
N/M - Not Meaningful

FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100



NAY. KEY

* = 2 November 2007
** ~ 30 June 2007

*** - 31 October 2007
*** 34 July 2007



Nassau, Bahamas.



renee

eres]

responsible for Nationality and Citizenship, RO.Box N-7147,





Rist

Positions available at Bimini Sands Resort & Marina:

Sushi Chef
Diesel/Gasoline Mechanic

Genk

Het. é
A competitive salary and benefit package will be offered to the
successful candidates. If you are interested in being part of a
dynamic, growing company, please email, mail or fax

Resume to:

Human Resources Manager
Bimini Sands Resort & Marina —
PO Box 24020
South Bimini
Bahamas
Tel: 242-347-3500
Fax: 242-347-3501
fcooney @biminisands.com

Legal Notice

_ NOTICE

PIXEL VALLEY INC.

Notice is hereby given that in accordance with section

138 (8) of the International Business Companies Act
2000, the dissolution of PIXEL VALLEY INC. has been

completed; a Certificate of Dissolution has been issued

and the Company has therefore been struck off the -

Register.

ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE

PENNE DIAZ CORPORATION

Notice is hereby given that in accordance with section

138 (8) of the International Business Companies Act
2000, the dissolution of PENNE DIAZ CORPORATION

has been completed; a Certificate of Dissolution has been

issued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)







LL ae Ee

THE WEATHER REPORT Biie® (fjNouence vmucoven

(BAHAMAS) LIMITED. IN SURANCE BROKERS / & AGENTS
NT Mees





ae - FOnRY ea FRIDAY SATURDAY —_— SUNDAY

















WINDS “WAVES _VISIBILITY __ WATER TEMPS.

VAR at 5-10 Knots 1-2 Feet 4-7 Milles BI° F

N at 10-20 Knots 2-4 Feet 6-7 Miles 81°F
— NNW at 7-14 Knots 1-2 Feet 5-7 Miles 80°F







N at 12-25 Knots 4-8 Feet 6-7 Miles 80° F









Clouds and sun, at- Partly cloudy; breezy Partly sunny and Sunshine and patchy Mostly sunny.” Partly sunny and



: VAR at 6-12 Knots 2-4 Feet 3-6 Miles 80° F
The higher the AccuWeather UV Indexâ„¢ number, the Athen 66/18. 58/14 sh eee: : sais pe : Nat 10-20 Knots F 6-7 Miles
: storm in spots. late. breezy. clouds. breezy. greater the need for eye and skin protection. Sir
High: 81° High: 81° High: 83° High: 83° a8/8t sae
Low: 70° Low: 66° Low: 68° Low: 70° Low: 72°








ETA er Leda a tcred tea her RealFeel Br elated Bn Ce ated | EVA eraser dtm tlt
fic OC [1860F [BORO Fc | P| 822-68" Fw] 80°-69° F

The exclusive AccuWeather RealFeel Temperature® is an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure, and Today 10:55am. 2. 7 4:23 a.m. 0. 4 y "= ee :
elevation on the human body—everything that effects how warm or cold a person feels. Temperatures reflect the high and the low for the day. 1116p.m. 22 5:24pm. 04 : _ : : : “

Fn 1:46am. 26 Si5am. 05 £ 423 63/17 sh 72/22 NY = sailings | y
Yet ” a 6:14p.m. 0.4 g x i | ee ae



Saturday 13am. 22 6ibam. 05
ABACO Remmperaiame 7 5 See ee» 12:42p.m. 26 7:06p.m. 0.3
sesseee 19° F/26° C rae 5;

High: 80° F/27° C 70° F/00°¢~—«Sunday 1:14 am. 24 7:23am. 04
Low: 66° F/19°C ” 81° FD7°C 1:42pm. 25 8:00pm. 0.2

Normal low ......4....:.. .. 10° F/21° C

rt noe SUN AND IVIOON

Last year's IOW 00... eecesscessssssesssesseese 07° F/20° C

Precipitation Sunrise......6:26a.m.° Moonrise. ...11:16.a.m.

As Of 1 p.m. yesterday .....cccccscseceseevsesseeees 0.00" Sumset.......5:22 p.m. Moonset... . 10:05 p.m.
Year to date .......... ... 59,39"


















Normal year to date a . 47.85" ;
AccuWeather.com ee
Forecasts and graphics provided by - e
ELEUTHERA AccuWeather, Inc. ©2007 Nov. 17 Nov. 24 sec. 1 Dec. 9
; High: 81° F/27°C Shown are noon positions of weather systems and
precipitation. Temperature bands are highs for the day.
Forecast high/low temperatures are for selected cities.
= High: 83° F/28° C rv = oe
a Low: 65° F/18°C 52 28-2 pe 54ND 7/2 s

INSURANCE

Shown is today's weather. Temperatures are today's
highs and tonights's lows.

RAGGEDISLAND Hist 85;







High: 83° F/28° C a: * oS
_ Low:67°F/19°C









__ 6347 33/0 oe San Antonio i sem vcia
San Francisco at sn po 63/17 53/11 pc lage bee

St 34/1 205 sn
Tallatassee 70/21 34 t 66/18 29/-1 5s !

y 0: 4g Winnipeg ‘Mi 24-4 BTID DAA
Tucson 17/25 55/12 c 76/24 50/10 pc

; ; ; ; pels _ .. Weather (W): s-sunny, pe-partly cloudy, c-cloudy, sh-showers, t-thunder-
Washington, DC 56/13 38/3 r 49/9 35/1 pe ee _ _ _ _ storms, r-rain, sf-snow flurries, sn-snow, i-ice, Prep- precipitation, Tr-trace





~~







PAGE 20B, THURSDAY, NOVEMBER 15, 2007

THE TRIBUNE

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win in the monthly and grand prize draws. |

Cable appoints former DPM to directors Board _

CABLE Bahamas has named former deputy
prime minister Frank Watson and Sandra
Knowles to its Board of Directors, replacing
Al Jarrett and Anthony Butler. .

Mr Watson, current Airport Authority chair-

man, held Cabinet posts in the first administra-
tion that included’ Public Works and Utilities,
National Security, Tourism and Public Enter-
prise.
Among the public policy areas he oversaw
were telecommunications sector liberalisation,
housing, potable water supply, the national
roads programme, and Royal Bahamas Police
Force. ;

Mrs Knowles, former Securities Commission
of the Bahamas executive director, sits on the
Boards of Colina Holdings (Bahamas), Bench-

mark (Bahamas) and the Winterbotham Trust.

Company.

She previously held director posts with insti-
tutions such as Franklin Templeton Bank &
Trust, the Hotel Corporation of the Bahamas

~ and Bahamasair. In 1993, she had been appoint-

ed general manager of the Broadcasting Cor-
poration of the Bahamas.

Both Mr Watson and Mrs Knowles have
strong links to the governing Free National
Movement (FNM), and their appointments are
likely to be at least partly designed to give Cable
Bahamas an insight into the Government’s
telecommunications sector policy, as well as

provide the company with an avenue to lobby
Government.

Relations between Cable Bahamas and the
Ingraham government are understood to have
cooled since the Prime Minister’s first term in
office, The Tribune revealing how the Govern-

ment blocked Cable Bahamas’ acquisition of |.
IndiGo Networks’ parent company, Systems

Resource Group (SRG). ‘
The deal was blocked to prevent the purchase
undermining the Bahamas Telecommunications
Company’s (BTC) privatisation value, as IndiGo
is its only fixed-line voice services competitor.
Cable Bahamas hinted at all this in its press
statement announcing the Board appointments,
its chairman, Brendan Paddick, saying Mr Wat-
son would give the company “an inside under-

standing of the public goal for the development

of the telecom sector in the country”.

He added: “The next four to five years will be —

a very interesting time for the telecommunica-
tions sector in the Bahamas. Further liberalisa-
tion will undoubtedly be on the cards, and Cable
Bahamas intends to be in the forefront of that
arena and believes it has both a board and
employee team that is up to the task.”

-Mr Watson and Mrs Knowles will be replac-
ing Mr Jarrett, who is a known PLOP support-

er. Mr Butler stepped up to the Board when.
the late George Mackey, a former PLP Cabinet

minister, passed away.

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CLOUDS, SUN,
TSTORM

Volume: 103 No.295









Pe

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CLASSIFIEDS TRADER









e Tribune f

#1 PAPER IN CIRCULATION



PRICE — 75¢

GS

and RELIGION
IN TODAY’S TRIBUNE

Life. Money. Balance both:

35, LOT ees te] telalie









Minister makes
announcement

@ By RUPERT MISSICK Jr
Chief Reporter
rmissick@tribunemedia.net

THE publicly owned.

Bahamas Agriculture Indus-
trial Corporation is millions of
dollars in debt and cannot con-
tinue to exist without increased

. government assistance or rad-

ical changes. in. the. operating

Marine Resources Minister
Larry Cartwright announced
in parliament yesterday.

Audited reports on the
Bahamas Agricultural and
Industrial Corporation’s finan-
cial: position over 2003 and
2004, tabled yesterday by the
minister, show that the corpo-
ration was in debt by $1.6 mil-
lion and $812,586 respectively
in those years.

Mr Cartwright said that in

BEC criticised in

election court

BByBRENTDEAN -
Tribune Staff Reporter
bdean@tribunemedia.net

THE LACK of full coopera- .

tion by the Bahamas Electrical
Corporation with providing infor-
mation to the election court, and
the act of making notations sur-
rounding whether or not people
lived in Pinewood, was described
as “contemptuous” and “disgust-
ing” by Senior Justice Anita Allen
yesterday.

Representatives from the

SEE page 15

“Agriculture and ©

Larry Cartwright

2002 BAIC lost $942,942, fol-
lowed by a $1.6 million loss in

SEE page 12

@ RETRACTION

FORMER Prime Minis-
ter Perry Christie took
exception yesterday to a
front page sub-headline in
The Tribune that alleged
that he is now receiving the
parliamentary salary that
Prime Minister Hubert
Ingraham was accused of
accepting prior to the May 2
general elections.

Mr Ingraham, in his con-
tribution to the House of
Assembly on Monday
referred to Mr Christie
receiving the “perks” that



| he was chastised for — not

the salary.
The Tribune ‘apologizes
for the error.



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Lawyers seek psychiatric
evaluation for murder convict



court yesterday

| @ By NATARIO
McKENZIE




| ATTORNEYS for Ian
Hutchinson made an appli-
cation in the Supreme
Court yesterday to have the
murder convict undergo a
psychiatric evaluation.
Hutchinson was con-
victed on September 19 of
the brutal murder of soft-
ball star Jackie Moxey, 44.
Prosecutors claimed that
Hutchinson on October 25,
| 2005, lured his late girl-
‘friend from her job at
Bahamas Information Ser-
vices (BIS), took her on a
drive that ended in the
Clifton Pier area where he
gave her a brutal beating
which resulted in her death.
Jealousy was the motive for
the killing, according to
prosecutors who noted that




















with Moxey and incensed



delity. The Crown is seek-
ing to have Hutchinson
receive the death penalty
on the murder conviction.
Hutchinson appeared
before Supreme Court Jus-
tice Jon Isaacs shortly after
noon yesterday for his sen-

SEE page 13













IAN HUTCHINSON outside of







Hutchinson was obsessed |

over allegations of her infi- |



Concerns
over fake
lawyers

Tribune Staff Reporter
kherig@tribunemedia.net

CONCERNS have been
raised that there might be
unqualified persons passing
themselves off as lawyers and
operating in Grand Bahama.

Supreme Court Justice John

in a recent ruling in a:case
involving the Success fraining
College Limited.

Justice Lyons said that if
there are indeed persons in
Freeport purporting to do legal
work “when they are neither

qualified or admitted to do so”,
the Bar Association should set
up a sting operation and “get
these persons off the streets.”

In the Success Training Col-
lege case, the defendant Dr
Clyde Phillip represented him-
self. However, Justice Lyons
pointed out that it is “very obvi-
ous” that Dr Phillip received
“some expert help in preparing
his pleadings and the prepara-
tion of his affidavit evidence.’

In his ruling Justice Lyo
said that Dr Phillip must have-
either received ae from “a

Tim Clarke/Tribune staff

Minister claims amendments to sportsfishing
regulations threw the industry in ‘disarray’

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

AMENDMENTS to the sportsfishing regulations under the pre-
vious government have thrown the industry into “disarray” and led
to cancellations of tournaments and revenue loss for Family Island
hotels and marinas, Minister of Agriculture and Marine Resources
Larry Cartwright said in parliament.

Introducing new sportsfishing regulations in the House of Assem-
bly, the minister said that the new catch limits for foreigners will

SEE page 13

Missing man’s
‘car is found’

FREEPORT - According to
police reports, the vehicle of a.
missing Grand Bahama man
was found in the Freeport area.

Kenneth Lightbourne, a resi-
dent of South Bahamia, was
reported missing on Monday by
concerned family members.

Mr Lightbourne, who is in his

SEE page 15



Turkey Breast & Ham

Turkey Breast

Lyons addressed this concern .



UPREME COURT
Justice John Lyons

‘lawyer who was doing it for

nothing or it was help received
from persons in Freeport who
hold themselves out as lawyers,
but who are not so qualified.”
“T have some experience of
Freeport. I have heard rumours,
shall I say,” the judge said.
- Justice Lyons said that if Dr
Phillip was helped by a lawyer
for a small fee — who was not
prepared to act fully on behalf
of the defendant or was just
being a helpful “moonlighting”
lawyer — then no harm was

_ done.

‘However, when people hire
unqualified persons to repre-

a “sent: ‘them i in. court cases, the .

SEE) page 13

PM criticises
contingency funds
used to defray _

govt expenses

PRIME Minister Hubert
Ingraham yesterday criticised
contingency funds being used
to defray government expens-
es, a practice used for years by
both the FNM and PLP gov-
ernments.

Speaking in the House of
Assembly, Mr Ingraham said
he had no idea that the former
Prime Minister, PLP leader
Perry Christie would have tak-
en the “bad habit” of signing
off on such contingencies, to
cover excess capital expendi-
ture, to such a new level.

“No effort was made what-
soever to comply with the
requirements that must be met
prior to the issuance of a con-
tingency note: None whatso-
ever. It became quite routine,” °
Mr Ingraham said.

The Prime Minister said
there are times during any year
when a government would

SEE page 14


PAGE 2, THURSDAY, NOVEMBER 15, 2007

'

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Marathon parade

Santa Claus is coming to the
Mall at Marathon’s tenth annu-
al Christmas Parade.

This year’s parade will be the

best ever according to Bob
Stevenson, Mall general man-
ager. :
Scheduled to march in this
year’s parade are the following
groups, bands and organisa-
tions:

e Police cars, fire engines, and
police motor cycles —

e The Royal Bahamas Police
Force Band

° The C R Walker High
School Band

e The Aquinas College Band

e Chickie,

e Miss Wendy

e The Nassau Guardian, |,

e The Mall at Marathon
Marching Staff

e Miniature Miss Talented

Bahamas — May Roberts, 4

e Petit Miss Talented
Bahamas — Gevante Dean, 7

e Little Miss Talented
Bahamas — Chardonnay Toote,

10

e Santa Claus

The parade will start at the
Galleria Cinemas parking lot,
continue to the Strip Centre
near Domino’s Pizza, past First
Caribbean Bank and Wendy’s;
then past Kelly’s House and
Home, and ending at the Mall’s
main entrance.

The police band will parade
to the food court where patrons
will be entertained with
karaoke; there will be a bounc-
ing castle and free balloons and
giveaways for children.

The parade starts promptly
at noon on Saturday, Novem-
ber 17, organisers said.

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Sea Hau

pleads
guilty to

marijuana

possession

A 32-YEAR-OLD Eleuthera
woman pleaded guilty in Mag-
istrate’s Court on Tuesday to

possession of 128 pounds of

marijuana. *

Gloria Marie Sawyer, 32, of
Hatchet Bay, Eleuthera,
appeared before Magistrate
Carolita Bethel on Tuesday.

| She pleaded guilty to posses-

sion of marijuana with the
intent to supply.

Court dockets state that
Sawyer was found in possession
of the drug on September 30..

She was initially arraigned on
October 5. At that time she
pleaded guilty but later changed
her plea to not guilty and was
granted $80,000 bail.

On Tuesday, however,
Sawyer changed her plea to
guilty and was sentenced to
three years imprisonment.

According to police, 128

pounds of marijuana was found

in the trunk of a grey 1995 Toy-
ota Corolla which was onboard
the Island Link.

Magistrate Bethel also
ordered that the vehicle be con-
fiscated, »

Documentary
on National
Youth Service,
poetry and
IPPUAA story

A Bahamian documentary
on Naional Youth Service,
poetry and the IPPUAA story
will be screened at 8pm Fri-
day November 16, at the
Simpson C Penn Theatre,
GBI Recording and Televi-
sion Studios building on the
Queens Highway in Grand
Bahama.

The evening will conclude
with grade 12 students Lance
Darville and Jameka Farring-
ton presenting arguments for
and against National Youth

’.* Service.

Universities

launch new
programme to
recruit math,

-and science

teachers

ll TALLAHASSEE, Fla.
THE University of Florida

‘. and Florida State University

may be arch rivals in athletics,

~~ but they joined forces Wednes-
’ day to announce a $10 million

programme designed to. attract

._. math and science majors into
teaching careers, according to

Associated Press. '

Each university will receive
up to $2.4 million over five
years from the National Math
and Science Initiative, a not-for-
profit organization created by
ExxonMobil. The programme
will address what school offi-
cials said is one of the nation’s
greatest economic and intellec-
tual threats.

_ That’s the declining number
of qualified science, mathemat-
ics and computer science teach-
ers in the nation’s elementary,
middle and high schools.

Both universities also will get
$1 million each from the Helios
Education Foundation, another
not-for-profit organization.
With matching state money,
each school will have about $5

million.

“To flourish in the 21st centu-
ry, the United States must con-
tinue to generate intellectual
capital that can drive the
research and development activ-
ities that fuel our economic

@ By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

VICTIMS of the 2003 Sea
Hauler tragedy are “sorely dis--
pleased” with the current gov-:
ernment — Prime minister Hubert:
Ingraham in particular — for fail-
ing to approach them with a res-
olution to their concerns,

Spokesman for the victims,
Lincoln Bain yesterday criticised
Mr Ingraham for his “lack of
response” to two letters and four
phone calls about the matter
which were allegedly directed to
him in recent months.

“I am calling on the govern-
ment to do the honourable thing
and at least have the decency to:
one, meet with people and two,
let them know what the stance
isin relation to this whole issue,”
said Mr Bain.

Responding to Mr Bain, the

i, Office of the Prime Minister

issued a statement yesterday
evening suggesting that only one
letter had been received.

“The Office of the Prime Min-
ister received a letter from attor-
ney Michael T Smith on May 17,

2007, asking the government for



PRIME MINISTER Hubert
Ingraham (above) was
criticised by the victims’
spokesman Lincoln Bain.

an out of court settlement of $12
million to the Sea Hauler Vic-
tims,” said the statement.

The OPM said that this was a
demand that the government
“was not prepared to counte-
nance”, adding: “We assumed
therefore that the parties would
take the matter to court,”

The statement alleges that the
office did respond to the Mr
Smith’s letter on June 14,
“acknowledging receipt and indi-

cating that the government was
giving the letter its due atten-
tion,”

It then forwarded to the Office
of the Attorney General on June
14, 2007, the statement said.

The victims initiated a legal
action against the government
earlier this year, but were hoping
that the government would settle
out of court over the tragedy,
which saw four people lose their
lives and 25 others suffer injuries
when the Sea Hauler mail boat
and the United Star barge col-
lided in the middle of the night
almost three years ago.

One was on its way to Nassau
while the other, overcrowded
with holiday-makers, was travel-
ling to the Cat Island Regatta.

Convened in 2004, a govern-
ment appointed Wreck Commis-
sion found the government-run
Port Department partly liable for
the accident. It also said that the
Sea Hauler had been “non-com-
pliant” by allowing too many
people on board.

Yesterday the Office of the
Prime Minister also acknowl-
edged having been contacted by
two of the victims.

“The Office spoke with both

Group calls for government to make passage
of environmental protection act a priority

@ By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

AN ENVIRONMENTAL
organisation is calling for the gov-
ernment to make the passage of
an environmental protection act a
priority or else risk forever com-
promising or destroying the
Bahamas’ greatest assets for
future generations.

The Save the Bahamas Asso-
ciation — a group of family island
associations committed to pro-
moting environmentally sustain-
able development — would also
like to see'the environment “tak-
en out of the hands of politicians
who are only there for the short
term and whose MO (modus
operandi) is expediency not long
term nation building.”

Creating an independent statu- |
tory body with responsibility for
reviewing all applications for per-
mits to develop Bahamian land
and sea resources would be a step
towards achieving this necessary
end, it suggested.

Their call has been issued in
the wake of a report in Saturday’s
Tribune that some of the Bahami-
an Out Islands were evaluated as
suffering from “exploitation of
their natural environment” and
a “loss of everything Bahamian”
by renowned magazine National
Geographic Traveler.

Yesterday, the SBA called on
the “FNM government to not be
the ‘wutless’ government that the
PLP was and pass an environ-
mental protection act at the
beginning of its term — not to
proceed for five years talking
about environmental legislation.”

In the National Geographic
survey, released last week, the
Out Islands, along with 111 other
islands were awarded points
according to the degree to which
their touristic development is sus-
tainable or evidences “overkill”
to the detriment of the local envi-
ronment and population. 522
expert panelists in the fields of
sustainable development and des-
tination stewardship were

Tube of Ornaments.

; oft Alpine tree w/ cones

involved in the survey.

While panelists commented
that the Bahamian Out Islands
are “some of the most beautiful in
the world”, the islands scored 66
points, placing them in a catego-
ry in which islands were said to'be
experiencing “minor difficulties”
in terms of the sustainability of
their tourism:

The SBA said the need to
“protect so much of the ecologi-
cally and environmentally sensi-
tive areas of the Bahamas to be
found in our pristine family
islands” is an urgent one.

Tourism

Ifprotected, tourism and resi-
dential developments can be
“ouaranteed...for many, many
generations to come.” However,
if the government continues to
press on with “short term return
policies”, allowing “development
to go unchecked as it is doing
now”, the future of generations of
Bahamians to come will be jeop-
eudised, with the loss of the land
and marine resources which sup-
port so many of our jobs and pro-
wide our food.

Bahamian wetlands and man-
groves, currently under attack
from developments in many parts
of the Bahamas, are some of this
country’s “treasures” which will
sodn become its victims if such
action is not taken, noted the
association.

(So

Bluebird

In the FNM’s Manifesto 2007
the party promised that if elected
it would “adopt and implement
policies to protect and enhance
our environment”, as well as act-
ing to “reconstitute the Bahamas
Environment Science and
Technology (BEST) commission
as an independent statutory
body.”

Yesterday, the SBA reiterat-
ed the BEST commission is not
sufficient to protect the Bahamas’
environmental heritage.

“The government needs to
stop pretending that the BEST
commission has any kind of
supervisory or regulatory role and
maintaining environmental over-
sight through the Office of the
PM,” said the environmental
group,

Adding that the association
“does not oppose development”,
the SBA said that an indepen-
dent environmental oversight
body, “not beholden to any polit-
ical party”, should take on the
responsibility for considering
applications by Bahamian and
foreign developers and develop-
ment applications to district coun-
cils in the family islands.

“It would review the impact of
proposed small or large develop-
ments, whether they be touristic,
commercial, industrial or resi-
dential to ensure that any devel-
opment meets the balanced cri-
teria for sustainable development
and protection of the environ-
ment,” suggested the SBA.

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THURSDAY, NOVEMBER 15, 2007, PAGE 3

persons. The victims were assist-
ed by the office through referral
to the Department of Social Ser-
vices,” said the statement.

The crash victims previously

expressed hope that they would,

see a swift and “just” resolution
to the matter once the FNM
came to power, after finding the
former PLP government failed
to live up to its promises to pro-
vide assistance — a fact which the
FNM themselves criticised the



[0 SUE
ler tragedy victims

‘sorely displeased’ with govt

former government for.

Yesterday, Mr Bain warned
that should the FNM continue to
mirror the “lackadaisical atti-
tude” which he alleged the PLP
took towards the situation, he
and the victims would have to
“deal with them accordingly.”

The Sea Hauler victim’s plight
became a high profile issue in
2006 after a series of protests
against the former governmen-
t’s failure to react.

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PAGE 4, THURSDAY, NOVEMBER 15, 2007



EDITORIAL/LETTERS TO THE EDITOR



The Tribune Limited

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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.
Publisher/Editor 1972-

Published Daily Monday to Saturday

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

TELEPHONES,

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

We would call it more than ‘wutless’

IN THE House of Assembly on Monday,
Prime Minister Ingraham, gave an “abbreviat-
ed reminder” to the Opposition of how they
behaved “when they were swaggering in pow-
er:

All of Monday’s session was devoted to the
Opposition’s attempt to remove Speaker Alvin
Smith from the Chair for ruling that when Mr
Ingraham in his debate in the House of Assem-
bly called the Opposition “crew” “wutless” for
their handling of the judicial system, the word
used in that context was not unparliamentary.

Mr Ingraham reminded them of the days
when sitting on the government benches they
berated and ridiculed Mr Smith when “he had
the difficult job of leading the Opposition” in
the House.

“Tn my view,” said Mr Ingraham, “members
opposite are in a state of shock because they
now find that they cannot intimidate and bend
this gentleman to their will.”

He also reminded them that he could hardly
open his mouth in the House at that time
because of the wayethey would “heckle and
hurl abuse and insults at me.”

He said he wouldn’t speak of “the abuse,
the distortions and outright lies told on and
about” him by former MP Bradley Roberts.
He was referring to the way PLP MPs tried to
smear him by claiming that he “double-dipped”
by receiving both his pension and his MP’s
salary while an MP in opposition in the House.
This was not true, of course, but the PLP had
decided to allow the late Sir Lynden Pindling to
do just that through his widow after his death.
The PLP government had agreed the arrange-
ment, and so, it would séem that it was impor-
tant to prove that Mr Ingraham had done the
same thing. It had to justify the position it had
taken about paying Sir Lynden’s pension to his
widow for the five-year period before he had
retired from the House when he was still being
paid an MP’s salary. Sir Lynden’s pension was
not to start until he retired. It was in June, 1997
that the Prime Minister’s Pension Act came
into effect.

In fact this was the arrangement made
between Mr Christie, Sir Lynden and Mr Ingra-
ham. Therefore, no pension was paid for the five
years that Sir Lynden was being paid as MP.
However, when Mr Christie became prime min-
ister it was argued that Sir Lynden’s widow was
owed the five-year pension regardless of the
fact that Sir Lynden had already received his
MP’s salary.

Mr Ingraham argued that if it were accepted .

that the pension payments were due to the late
Sir Lynden between August 1992 and July,
1997, then the $250,000 salary that he had
received during that period should be refunded.

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To do otherwise would be to double-dip. Lady
Pindling, as Sir Lynden’s widow, was paid the
five-year pension. Sir Lynden’s salary for that
period was not refunded.

When Mr Ingraham was defeated as prime
minister in 2002, but was returned as an Oppo-
sition MP, he chose, as did other defeated
Caribbean parliamentarians under similar cir-
cumstances, to receive his pension, but not his
MP’s salary. He made it clear that although he

“was entitled to an MP’s salary of $28,000 he

would not accept it as he was already receiving
it as a part of his pension. He did not intend to
“double-dip.”

Then suddenly, three years later, Mr Fred
Mitchell jumped to the podium and accused
Mr Ingraham of “double-dipping” — being paid
his parliamentary salary twice. It was a lie.

Mr Ingraham produced a letter from the
Treasury Department and the Ministry of
Finance to disprove the lie. No, said the depart-
ments, for the past three years Mr Ingraham
had received no salary.

Although Mr Mitchell this week decried
what he claimed was government’s attempts to

_ turn a lie into the truth, that is just what the

Christie government determined to do with the
Ingraham salary. Somehow if there had been
“double-dipping” in the Pindling case, it was
important for public perception that Mr Ingra-
ham also be seen to have double-dipped.

And so one day when Mr Ingraham was out
of town, the Treasury was instructed to have the

bank transfer the lump sum for the three unpaid .

years to the Ingraham aceount. The Treasury
refused Mr Ingraham’s attempt to return it.

However, when the monthly cheques con-
tinued to be written from the Treasury to his
account, the bank was instructed not to cash
them. They remained in the Treasury.

“Wutless” is a saint’s word compared to how
we would describe such a slimy, underhand
trick.

And so it was against this background on
Monday that Mr Ingraham said: “I find it not
only interesting but amusing that the parlia-
mentary salary I was accused of accepting as a
retired prime minister was in fact paid in respect
of my predecessor (Sir Lynden) in office, indeed
paid by them (the Christie government), It was
appropriate and correct for my predecessor (Sir
Lynden) to receive such payments, but not me.
Now, the perks I was accused of greedily accept-
ing as a former prime minister are now enjoyed
by the Hon Member for Farm Road and Cen-
treville” — Mr Christie..“We in the govern-
ment are not surprised that there is no opposi-
tion to these payments from those opposite;
they believe, and believe firmly, that they are
entitled.”















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THE TRIBUNE





eedings

in House on
November 12

EDITOR, The Tribune.

IT IS with much regret that
I write to you once again.

On Monday, November 12,
2007 those of us who watched
the proceedings of Parliament
were once again shown why
there is so much trouble in our
Bahamas.

It brought back memories
of my childhood when we
would play games and there
were some children who
because they did not win they
would cry and carry on say-
ing they were not going to
play anymore.

Whatever institution there
is it will fail if there are no
rules to govern its operation.

It has been refreshing for
the past five months to see a
Speaker in Parliament who
has tried his best to raise the
perception of the chair to a
level that it should be.

We are supposed to be liv-
ing in a Democracy, the defi-
nition of which should be “to
demonstrate common sense.”

However it appears that
Common Sense is a rare com-
modity these days.

The Opposition should be
ashamed of themselves for
bringing this resolution to Par-
liament unless they all have
Alzheimers about the level

_ that the chair fell to from 2002

to 2007.

Even under Sir Lynden the
chair in Parliament was never
as one-sided as it was from
2002 to 2007. ~ ‘

Yes, I agree that Parlia-:
ment should set standards for
the rest of the Bahamas to be:
proud of, but in doing so there
are many Rules which should
be changed, one of which is
no member of Parliament!
should be allowed to say
something on the floor about
an individual who is not a
member because that individl-
ual has no legal recourse.

The former Prime Minister
said in his contribution that
when Alvin Smith was made
Speaker they all voted for hirn
and he personally believed
that Alvin would do what wats
right and honourable. .

Well he was very right, and
just because Alvin would nat
let him have his own way it
does not make Alvin any less
honourable.

I also heard the former
Prime Minister say that he
would address the issue of
cockroaches during his coin-









auto
Lew sales ¢
ab _ MMITED

Daa MblteS

letters@tribunemedia.net








tribution, but, alas, he forgot
to do so.

My friend, Picewell, you
have had for a long time a
yearning to be in Parliament,
so now that you are a member
do not let Alzheimers set in
because I know, and the
Bahamian public knows, that
you are quite aware of what
happened in Parliament over

So, please, for the better-
ment of our Bahamian broth-
ers and sisters, all members of
Parliament should conduct
themselves the way the Hon-
ourable Alvin Smith does, like
ladies and gentlemen and set a
standard for our children and
grandchildren to emulate,
then we will be well on our
way to dealing with our crime
problem, because if you do
what is right then you will
have God on your side and
with his help no one can go
wrong.

the last five years, and no mat-
ter who tries it will not be
erased from the people’s
memory.

ABNER PINDER
Spanish Wells,
November 13, 2007

How can I protest work
permit being issued?

EDITOR, The Tribune.

I MUST ask about the work permit process. If I am eligible
for, and have been approved for a job that I see advertised, how
can I protest a work permit being issued for the same job?

I see Bahamians passed over for jobs we are qualified for. So
I ask, how does the Immigration Department qualify a work per- °
mit? Just because a job is advertised in the paper and the
employer says they have had not suitable candidates is this
enough? Shouldn’t an affidavit be filed to swear no Bahamian
candidate is available? The consequences of defying a court doc-
ument would therefore be of some weight.

Instead of just reading and talking can we please do!

NAME WITHHELD WHILE SEEKING A JOB!
Nassau,
November, 2007.

Public safety in “ahonping
centres has to be priority

EDITOR, The Tribune.

PUBLIC safety in shopping centres has to be a priority for the
police 24/7-365 days a year as there are hundreds of innocent per-
sons, some not so young who are seemingly being targeted by criminals. -

I specifically am concerned for this City Meat, John S George,
Lowe’s Pharmacy and Starbuck shoppers in Harbour Bay Shopping
Centre. Further.the ATM area of any bank.

I am aware of at least three to four handbags snatching in Harbour
Bay over the past few days: i
Many elderly persons frequent this shopping centre especially those
retail stores I have listed and therefore the police and the owners of the
shopping centre must take all precautions to ensure public safety is

assured at all times.

Of course I can avoid this area and shop elsewhere. ©

E KNOWLES

Nassau,
November 14, 2007.

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THE TRIBUNE

THURSDAY, NOVEMBER 15, 2007, PAGE 5



© In brief

PM to
attend
CARICOM
meeting in
Barbados

Incoming
chairman of
CARICOM,

* Prime Minis-
ter Hubert
Ingraham,
will attend the
CARICOM
Bureau of
Heads of
Government Meeting in
Bridgetown, Barbados.

The bureau manages the
affairs of the community
between meetings of the full
Conference of Heads of Gov-
ernment. The prime minister
will depart Nassau today and
return on Saturday.

During the prime minis-
ter’s absence, Deputy Prime
Minister Brent Symonette
will act as prime minister and
Minister of State Zhivargo
Laing will act as Minister of
Finance.



Ingraham



ARCHBISHOP PATRICK PINDER (far right) spea



‘Ninety’ before US Grand Jury for first time

m@ By CHESTER ROBARDS

FORT LAUDERDALE,
Florida — Samuel ‘Ninety’
Knowles sat before a US Grand
Jury for the first time on Tues-
day.

He appeared before Judge
James Cohn in courtroom 203
of the Federal Courthouse here.

Knowles sat far back in his
chair while his defence attor-
ney Jacob Rose and federal
prosecutor George Karavetsos
considered the jury pool.

Judge Cohn began the pro-
ceedings by interviewing ‘the

jurors, asking them a series of |

Aquinas in

Tribune Staff Reporter
tthompson@tribunemedia.net

AQUINAS College is poised
to become a “premier” sec-
ondary institution as adminis-
,trators move forward in their
plans for the relocation of the
high school from its current
location on Madeira Street to
a “state-of-the-art” complex on
Gladstone Road. ,

After years of deliberation,
the Catholic Board of Educa-
tion yesterday announced its
accelerated plans for the pro-
posed relocation.

Archbishop of the Catholic

SS

announce the project. (/NSET) — A proposed model for Aquinas College.

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He asked: “Do any of you
know Samuel Knowles,” to
which no juror answered in the
affirmative.

The judge called on each
potential juror, inquiring if any
of their personal situations
would inhibit their impartiality
in the case.

Knowles did not seem to take
much notice of the selection
process, only looking around
the courtroom when Judge
Cohn asked potential jurors if
they might have any biases dur-
ing the trial because of the
defendant’s Bahamian nation-
ality, to which the jurors again
answered in the negative.

Samuel Knowles



Several jurors were approved:

of by the defence during the
selection process because of
some of the views they

‘state-of-the-art’ move

Diocese Patrick Pinder said a
time-line for the construction
should be finalised as soon as
the board has completed its

’ costing exercise.

At an assembly held at the
Garfunkel Auditorium on
Madeira Street to officially
announce the project, Arch-
bishop Pinder told the crowd of
enthused students and faculty
that the plans for the new site,
although conceived under the
watch of former Archbishop
Lawrence Burke, are now being
“fervently expedited” during his
tenure.

As an ex-faculty member of
Aquinas College, the archbish-

Â¥ SV
Os

Photos: Tim Clarke/Tribune staff

ks Wednesday during a special assembly to officially

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op speculated that the school’s
relocation will catapult the sec-
ondary institution into one of
the premier private highschools
in the country.

Many students expressed
their eager anticipation of thc
new school, particularly the
upgraded facilities which will
come along with the move.

“We’ve been hearing about
it for a little while and ?’'m hap-
py that it’s really happening,”
Darrin Woods, an 11th-grader
said after the assembly.

“TI really hope that by the
time my graduation comes, we'll

_ be in the new location because I

really want to be the one to say,
‘Hey, I graduated from the new
Aquinas’.”

The plans for the new school,
which have already been
approved by the Ministry of
Works, include an administra-
tion complex, specialist rooms,
and a swimming pool.

The new site will accommo-
date the existing student body
of 500 while being “technologi-
cally advanced”, “user friend-
ly” and “futuristic”, Archbishop
Pinder said.

i BE
aU ty

FOR PEST PROBLEMS
a Ui ae ya dar at LY



expressed. «

One juror remarked that
offering witnesses a plea agree-
ment of a possible reduced sen-
tence for testimony against the
defendant would be “unfair”.

The judge mentioned Nehru
Newton, Glenroy Riley, Carl-
lan Cambridge, Gary McDon-
ald and Derrick Blake, as those
who could possibly take the
stand against Knowles.

Knowles received temporary
reprieve from his state issue
prison uniform, appearing in a
blue long sleeved shirt and kha-
ki slacks. He was clean shaven
with his hair picked out into an
atro. !



His family occupied two and
a half benches in the courtroom
but had no contact with him.

Knowles never turned to look
at them, but would occasionally
focus on whatever was on the
table in front of him, then
recline again in his chair.

The trial will begin after each
side, the government and the
defence, has had input into
selecting the 12 jurors. Up to
the lunch break, the prosecu- |
tion and defence had agreed on
10 jurors. Two jurors requested
leave, one because she was a
college student and the other
because he had thanksgiving
plans. ,



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THE TRIBUNE

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m@ By CARA
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Tribune Business
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cbrennen@tribunemedia.net_

THE Bahamas is the seventh
most popular destination world-
wide in terms of assets domi-
ciled, and boasts hedge funds
that are among the top 10 per
cent worldwide in size, the
Prime Minister said yesterday.

Opening the Hedge Fund
World event at Atlantis yester-
day, Hubert Ingraham said this
achievement was despite the
fact the Bahamas lacked the
physical presence of many top
prime brokerage operations,
which the country would like to
welcome to Bahamian shores.

“IT am advised total assets in

the hedge fund sector exceed ©

$1.8 trillion dollars, with some
estimates as high as $2.5 tril-
lion. The offshore sector is the
most important in terms of
domicile, with almost 50 per
cent of these assets domiciled
in the Caribbean,” Mr Ingra-
ham said.

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HUBERT INGRAHAM, who opened the Hedge Fund

The Prime Minister said
much has happened in the fund
industry, and today the phrase
“hedge fund” captures a wide
variety of strategies, assumed
risks, liquidity and domiciles.

Mr Ingraham said hedge
funds and their influence on the
financial markets was,a topic
which is rarely absent from the
media at the moment. “As reg-
ulators look around for lessons
to be learned from the present
credit crunch, this is perhaps an
appropriate environment for
the continuing dialogue on the
regulation of the hedge funds
industry,” he said.

“There is the tendency to
over-reach in times of crises,
and one hopes the regulators
get this decision right, since it
will likely have a profound



_ impact on the further develop-'

ment of your industry.”

The Prime Minister said there
appears to not be a clear con-
sensus on the right approach to
regulation.

“Some believe it can be done
through dialogue and vigilance
versus registration. Others
believe it can be done by focus-
ing on prime brokers as a means
of monitoring risks. The United
Kingdom and the United States
have taken different approach-
es, with the former taking on
more dialogue with participants
over the years, while in the US
there have been attempts to
increase regulation through reg-
istration,” the Prime Minister
said.

However, he added that per-
haps the industry feels that it is

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‘prime brokers’

already supervised enough,
something he suspected would
probably be discussed during
the conference

“You are to be commended
for the relevance and timeliness
of the perspective of the focus
of this conference: “The next
chapter in the evolution of the
global hedge funds industry’,
which is likely to be particular-
ly challenging for your rapidly
evolving industry,” Mr Ingra-
ham said.

“Still, it is useful that you
should employ the looking
glass, to the extent you can, to
divine the future as clearly as’
possible to help to inform your,
own responses to the challenges
you are certain to face in the
near term. ~

Mr Ingraham said that given
the persuasiveness of the hedge
funds industry in financial mar-
kets, it is likely to be at, or near,
the centre of any major market
disruption.

“And when the media ¢
some multinational agen
look around to place bla:
your industry is likely to ge’
share. In that sense you are 20%, '
too unlike offshore financial
centres,” he said. .

Mr Ingraham noted that the
Bahamas was beginning to
redefine itself, and financial
vices sector supervision is
ly to be consolidated. ;

“New insurance legislation is. °
soon to be brought into effect,
and a concerted effort will be
undertaken to re-establish The
Bahamas in the external insur
ance industry, trading on
infrastructure we now have in
place and recognising and
exploiting the capacity con-
straints which have emerged in
other centres,” he added.

Mr Ingraham also noted that
the 276 Public Banks and Trust
companies operating in and
from the Bahamas at the end
of 1999 have systematically fall-
en, under pressure of improved
regulation and stricter guide-
lines, to around 140 today.
Some of this decline has been
offset by new financial institu-
tions, including hedge fund
operations, attracted to
Bahamian shores by stability
and sound regulations.

“The initiatives from
multinationals in 2000 althou
disruptive ai the time, hi
a solid platform in place.” the
Prime Minister said.



















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THE TRIBUNE



For more than 60 years since their grandfather
died, the Chipman’s family’s land has allegedly
been taken piecemeal from them. Now they are
taking steps to retrieve it ...

‘It is time for us to
re-establish claims’

A Bahamian family who
claim they have been “robbed”
of hundreds of acres of valu-
able land since their grandfa-
ther died in the 1950s are set to
reclaim at least part of their lost
fortune.

Dancer Mitzi Chipman,
daughter of well-known
Junkanoo figure John “Chip-
py” Chipman, is planning to
move on to the West Bay Street
site once owned by her wealthy
grandfather.

She has been advised by a
lawyer friend that the family’s
only hope of retrieving their
grandfather’s estate is by tak-
ing possession.

Now Ms Chipman and her
siblings are planning to occupy
the “Pieces of Eight” property
at Chippingham which was once
the imposing home of their
grandfather, Howard Nelson
Chipman.

Today, the house is a ruin
standing in several acres amid
tangled trees and undergrowth.
The once impressive columns
at its driveway gate have col-
lapsed across the entrance.

Ms Chipman told The Tri-
bune: “We are a poor family
whose land has been taken
piecemeal since our grandfa-
ther’s death more than 60 years
ago. Now we believe it is time
for us to re-establish our
claims.”

Trouble began for the once-
wealthy Chipmans after
Howard Chipman, a white mer-
chant descended from a Nova
Scotia physician who arrived in
Nassau in 1820, died in 1951.

The five children of his rela-
tionship with a black Long
Island woman, Ethlyn Taylor,
were ignored as his vast estate
passed firstly to a woman he
lived with for 40 years, then an
illegitimate white daughter by
another liaison.

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since our
grandfather’s
death more
than 60 years
ago.”



was escheated to the Crown.
Mr Chipman’s black family —

-including John Chipman and his

five children — say they were
effectively robbed by the white
rulers of the day when the
estate ran into legal entangle-
ments.

They believe a will drawn up
by their grandfather, naming
them among beneficiaries, went
missing. They feel that, in the
climate of the times, it was con-
sidered inappropriate for a
black family to own so valuable
a property.

The black governments that
took control of the Bahamas
after the 1960s have ignored
their call-for justice, they claim.

Much of the former Chipman
land, bought when the white
Chipmans were major players
in Nassau business life, has since
been developed for public and
private purposes.

Some has been used for low-
cost housing. Other plots have
been used for government

‘buildings.

But Mitzi Chipman says the
family is now determined to

abandon its “humble” stance






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on the issue and claim its rights.

In addition to the West Bay
Street site, the family intends
to stake its claim to a vast
acreage out west near the Tray-
ellers Rest restaurant.

Ms Chipman said she is con-
vinced the Bahamian people
will stand behind the family as it
fights for justice.

Last year, family members
demonstrated outside the West
Bay Street property calling on
the government to make good
on promises to restore the land
to its rightful owners.

Ms Chipman said she wanted
to build an entertainment and
heritage centre there to mark
the family’s contribution to
entertainment over several
decades.

e SEE next Monday’s

INSIGHT for a full report on.

the Chipman family’s case.

THURSDAY, NOVEMBER 15, 2007, PAGE 7

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S Winston Churchill

used to say, the future

is just "one damn thing
after another."

And prognostication has been
called the world's second oldest
profession. In fact, it's about as
old as the human race — and
found in every age and culture.

The Oracle of Delphi in
ancient Greece was the most suc-
cessful prediction business in his-
tory, prophesying about wars and

- matters of state for about a thou-

sand years, although recent
research suggests the visions. were
produced by hallucinogenic gas-
es seeping from a volcanic fault
line.

Today the future predicting
business is a multimillion-dollar
industry ~ and we are not talking

- about telephone psychics here.

There are tens of thousands of
futurists who make a living fore-
casting how things will stack up in
the future. Perhaps the most
famous among them is Alvin Tof-
fler, who wrote a book called
Future Shock in 1970 that has
sold millions of copies. ‘



“Experts say
there have
been more
changes in the
past 50 years
than in the
previous
50,000.”



Future Shock is a term coined
by Toffler to describe how too
much change in too short a peri-
od of time can affect us. He
applied it to the transformation
we are undergoing into a "super-
industrial society". According to
Toffler, overwhelming changes
often leave people disconnected
and suffering from "shattering
stress and disorientation" — a. con-
dition which, he claimed, has
spawned many of today's daunt-
ing social problems.

~ Well, there is little doubt that

we are.on-a technological roller.

coaster. Experts say there have
been more changes in the past
50 years than in the previous
50,000. And they forecast that
the next half century will see
even more radical changes in the
way we live. ,

One of Toffler's top students
was Dr. James Canton, who went
on to found a think tank called
the Institute for Global Futures,

FOODARTF

os

and. now advises Fortune 1000
companies and governments
around the world on trends that
are expected to reshape business
and society. His latest book, The
Extreme Future, is this genera-
tion's Future Shock,

Canton doesn't read animal
entrails to make his predictions.
He takes an educated and
informed look ahead to identify,
sort and analyse the innovations
and trends that will shape the
future. The tools he uses range
from market research and com-
puter models to human intelli-
gence.’

His new book was developed
from a long-range strategic fore-
casting project undertaken for a
variety of US government agen-
cies and multinationals. Its main
theme is convergence: pointing
out the innovations in biology,
physics, information technology
and other areas that will all come
together in some truly amazing
ways over the next five to 20
years. :
For example, in the future the
Internet will be an all-pervading
presence, with 3 billion people
connected (up from about a bil-
lion today). "The CIOs of today
are the CEOs of tomorrow,"
Canton says. "There will not be a
business decision that will not be
technology driven...and within 10
years, advanced nanomaterials
will bring about a thousand-fold
improvement in network com-
puting power and performance."

This means that there will be
so much computing capacity that
companies will be able to lever-
age data in ways that are only
barely conceivable today. This
means that the virtual enterprise
will become a reality, with every-
one always connected and able
to work from anywhere. But
more interestingly, Canton says
the Internet points to a linkage of
millions of computer minds, with
powers that defy traditional mea-
sure,

~-'The combination of sheer
power of so many computer
brains and networks is a reality
soup of infinite possibilities — one
being artificial life. Things are
not just getting more connected
but smarter and vastly more pow-
erful. This self-awareness may be
beyond human understanding."

Sci-fi, you may think. But in a
more measured way, Canton
goes on to outline the top 10

LARRY SMITH

THE TRIBUNE





trends that he says will produce
the strategic challenges that every
person, organization and nation
will have to face in the future.
And energy is at the top of the
list.

The United States currently
uses more than 26 per cent of the
world's oil, and world demand is
expected to rise by 50 per cent
by 2020 as China, India and oth-
er emerging economies seek to
fuel their fast-paced growth. The
reality is that another three bil-
lion people will be added to the
planet in the next 50 years, and
new global oil discoveries peaked
decades ago. —

rom this Canton extrap-
olates that "energy secu-
rity will become an
explosive battleground" affect-
ing the rise and fall of nations,
and new technologies such as
hydrogen, wind and solar power
will attract huge investments,
invigorate global commerce and

‘spawn new industries: "Energy

will shape every aspect of the
Extreme Future, from security to
transportation to healthcare and
growth. We must prepare now
by investing in alternative energy
sources." cate
His second major observation
focuses on the innovation econ-
omy — a prediction that future
commerce will be driven by a
new convergence of economics,
democracy, trade and technology
that will determine the leader-
ship of nations and competitive-
ness of business. And since
knowledge is the currency of the
innovation economy, we must
reinvent education to compete.
That means creating a future-
ready school curriculum with
more science, more innovation, a
more global outlook and more
entrepeneurial skills; retraining
teachers for the innovation econ-
omy, paying the best more and
firing the slackers. Education
should be all: about how to sur-
vive in'the Extreme Future: «
- Flowing from this is Canton's
forecast of a global war for talent,
which is the key to business suc-
cess. There will be more jobs
than skilled people to fill them,
and companies will compete
aggressively for the growing
shortage of skilled people. The
Bahamas is already experiencing
a brain drain, with our brightest
and best staying abroad. And this
trend can be expected to accel-
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THE TRIBUNE

THURSDAY, NOVEMBER 15, 2007, PAGE 9 -



erate unless we implement
changes.

Meanwhile, healthcare will be
transformed by biotech and
genomics into the largest market
of the future, Canton says, so
people will live longer, healthier
and more productive lives. The
human enhancement market-
place will provide us with new
organs, new memories, new
limbs, new skin and new lives.
This will help the developed
economies survive with their
rapidly aging populations.

mazing — scientific
_ advances like perva-
sive, always-on wire-

less Internet, teleportation, smart
materials, and space tourism will
change every aspect of our lives,
culture and economy, leading to
new jobs, new products and new
options, Canton predicts. And
nations and businesses that invest
in future science will profit in
economic growth.

A new risk landscape is.

emerging — from eco-war, to
Internet hackers, to terrorists, to
mind control — which will pose
unexpected challenges for indi-
viduals, governments and com-
panies. In this scenario, the per-
sonal security market will
become extremely lucrative. Bil-
lions more people will be shar-
ing the planet and governments
will attempt to control us under
the guise of the common good.
Globalization will present
both risks and opportunities in
the near future. The linkage of
national economies into one vast
network is the ultimate goal of
globalisation and if handled cor-
rectly it can drive democratic
reforms, reduce terrorism and
promote social and economic
progress. But it will also create a
battle for the future, with
despots, criminals and extremists
seeking to hijack the process. We
can see this happening today.
The environment is changing,
Canton says, and we need to pre-

pare for increased global warm- ~
. ing, pollution, and threats to bio-

diversity. Climate change is real,
it cannot be fixed fast enough,
and it will pose a serious threat to
international security and pros-
perity in the coming decades. But
at the same time, this will offer
business a big financial opportu-
nity to clean up the planet, Clean
technologies are a $10 billion






Designed to:
















training

in Mixology”

industry today, but Canton fore-
casts that this market will grow to
$150 billion within just 10 years.
The near future will provide
opportunities for personal wealth
creation that will underlie all oth-
er trends. Individual invention
and innovation will accelerate
business success. But, he says, we
will also struggle to balance indi-
vidual freedom, privacy and secu-
rity. By 2015, closed-circuit secu-
rity cams will be ubiquitous in
many countries; including the US
(we are already talking about it
here). And Canton says individ-
uals must be alert to protect their
rights to personal freedom.
"The real threat to individual
rights...will be the creeping inse-
curity caused by more identity
crime, more terrorism, even more
economic downturns or disrup-
tions," he says. "The real threat
will come in the form of a deal
with the devil, in which we will
trade our individual rights and
freedoms for more security. This

\



“The envi-

ronment is

changing,
Canton says,

and we need
to prepare for

increased
global warm-
ing, pollution

and threats to

biodiversity.”



is a dangerous trend that we want
to resist."

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inally, Canton addresses
Pit: future of America
and.China, noting that
the destiny of these two great
nations — from capitalism to
democracy, to innovation and
security — will shape the future.
China will be building a city big-
ger than Philadelphia each year
for the next 20 years, he says, and
the transformation of this
immense nation will redefine
commerce, communications and
culture.

"The truth is that no-one is
prepared for the fast-paced and
comprehensive changes that Chi-
na is bringing to the global econ-
omy — not even the Chinese,"
Canton says. "The central ques-
tion of the future is the extent to
which America and China will
cooperate. It will take balanced
and wise leadership, on both
sides of the world...Missing this
historic opportunity would be a
mistake of epic proportions."

Canton's thumbnail sketch of

plan for the future 7

the world of 2015 boils down to
this: Extreme competition, com-
plex technology, dynamic global
trade, increased population, dis-
ruptive acts of terrorism, sophis-
ticated crime, climate risks, and
expensive energy: "The level of
accelerated change and the com-
plexity of challenges will be like
snowboarding an avalanche from
the top of Mt Everest."

Many of the prescriptions.

offered by Canton to address
these challenges can be applied
to the Bahamas. Reinventing our
education system, for example;
taking climate change seriously;
diversifying our energy sources;
liberalising immigration and
accepting moves towards global-
isation. In short, we should be
thinking and planning for the
future.

What do you think? Send com-
ments to

larry@tribunemedia.net

Or visit www.bahamapundit.com

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PAGE 10, THURSDAY, NOVEMBER 15, 2007

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XTRAI Es: SHIFT. th futon



THE TRIBUNE



Do you know where escaped

Cuban detainees are hiding?

Public urged to contact RBDF search departments

ii By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

The Royal Bahamas Defence
Foree has urged members of the
public to contact their 24-hour
operations or search and res-
cue departments if they have
any information regarding the
recently escaped Cuban
detainees.

‘The same numbers should be
used in relation to any maritime
matters of public concern, said a
release from the RBDF yester-
day.

The operations department
can be reached at 362 2821, and
the search and rescue unit at
362-2494, 362-0338/9 or 362

1856. The Three Cubans — Nor-
je Rayes Hernandez, 38, Juan
Ramon Arona, 34 and Nolvis
Hidalgo Fonsesca — have been
at large for a week and a half
after escaping from the
Carmichael Road Detention
Centre last Monday, November
6.

The escaped marked the sec-
ond time in less than three
months that Cuban nationals
were able to break out of the
facility. :

In the latest incident, the men
were said to have scaled the
chain-link, barbed wire fence
surrounding the centre. It is
thought that they could have
sustained some injuries in the
process.

Yesterday, an RBDF officer

said that the force had received
one tip as to the men’s where-
abouts since the break out, but .’
following up on it, failed to find
the escapees.

He said that once an investi-
gation into the matter is con-
cluded, it is anticipated that the
Commodore, Clifford Scavella
will convene a board of inquiry

which will then question the: ..

officers on duty at the time to, |
determine whether a neglect of
duty led to the outbreak.

Once the board has conclud-
ed their inquiry, the com- ’
modore will then be in a posi-
tion to determine the correct
course of action to be taken
with respect to these officers, if -
any, he said.

Diamonds International raffle
raises cash for children’s home

Proceeds to
help reduce
charity’s debt

Diamonds International con-
tinued its support for the Ran-
furly Home for Children by
once again holding its annual
raffle.

The event, held on Friday,
netted more than $5,000 for the
home.

Emcees for the evening were
Bahamas Fast Ferries’ Khalis
Rolle and Franklyn Wilson of
Arawak Homes.

Toni Gad, Diamonds Inter-
national’s managing director
and Dominic Sturrup, the com-
pany’s marketing development
director, welcomed Minister of

State for Social Services and:

Community Development,
Loretta Butler Turner.

“We were once again happy
to get involved in a community-
based project,” said Anthony
Smith, the company’s marketing
manager.

He noted that many people
believe that since the Ranfurly
Home is one of the most well





Michael Bethell/Tribune Sales Executive

WORTHY CAUSE: Pictured left to right: Tribune managing director Roger Carron,
his wife and Tribune publisher and CEO, Eileen Carron, managing director of Dia-
monds International, Toni Gad, and marketing development director of Diamonds

International, Dominic Sturrup. The Carrons were present to lend their support to

the fund-raising effort. °

known charities and enjoys a
great deal of public support, its
needs are not as urgent as those
of some other organisations.
However, according to Mr
Smith, the home’s urgent level

Rustic

_ Mo

saic ff

Armoire

of need is clearly illustrated by .
the $90,000 deficit it currently
finds itself burdened with.

He said the proceeds of the
raffle will go directly to reducing
this debt.


THE TRIBUNE

THURSDAY, NOVEMBER 15, 2007, PAGE 11







home for local conch.

TEACHERS designed brochures pron



Abaco educators take part in
Treasures in the Sea workshop

Twenty-one Abaco educa-
tors participated in.a spécial
Treasures in the Sea Training
Workshop over the midterm
break.

The workshop was facilitat-
ed by D’Shan Maycock of
Friends of the Environment and
Monique Sweeting, workshop
facilitator for the Treasures in
the Sea Working Group

Funding for the workshop
was provided by the Bahamas
National Trust through a grant
provided by the Discovery Land
Company Developer's of the
Baker’s Bay Golf and Ocean
Club at Great Guana Cay.

The two day workshop pro-
vided teachers with the oppor-
tunity to become familiar with



this new teacher’s resource
developed by the Center for
Biodiversity of the American
Museum of Natural History, the

the Bahamas Ministry of Edu-
cation. The resource focuses on
the Bahamas’ three main fish-
ery resources
and grouper, to teach the con-

. cepts of form and function, life

cycles, habitats, interdepen-

dence, economic and cultural :
: of the Southeastern Division,
All teachers received a copy } Chief Superintendent Stephen
: Dean spoke of the need for

materials to complement activ- ; More partnerships between the
ities in the resource. The pro- | RBPF and the business com-
? munity to combat the rising lev-

values and conservation,

of the book and a folder with

duction of Treasures in the Sea
rial.

PART of
the work-
shop was
a field trip
to the
coast to
explore
coastal
habitats
and learn
about
man-
groves.

WESTERN AIR
FLIGHTS ATTENDANTS

OPEN HOUSE INTERVIEW



Saturday 17th November @ 10 a.m.

At least 18 years old.

Well groomed and physically fit.
Pleasant Personality.

Excellent communication skills.
Computer Knowledge



Bring resume.
Location: Executive Flight Support

Left of Lynden Oscar Pindling International Airport
No Phone Calls Accepted

Bahamas Bus & Truck Co., Ltd.

- Montrose Avenue
Phone:322-1722 ¢ Fax: 326-7452

was supported by Colina Impe-_

| â„¢ By TANEKA THOMPSON

Tribune Staff Reporter
tthompson@tribunemedia.net

A NUMBER of armed rob-

: beries and thefts at business
: establishments could be pre-
; vented if more business owners
: adopted preventative measures,
: a senior police officer said yes-
f. Sha : terday.

noting Grassland Acres as the perfect ines thaweoabiiehine for. The
; announcement of the upcom-
: ing Crime Prevention Seminar
: hosted by the Bahamas Cham-
: ber of Commerce, the Royal
: Bahamas Police Force, and
: Crime Stoppers Bahamas. The
; annual seminar is scheduled for
: November 19 at the Conference
: Centre at Police Headquarters
: on East Street.

Bahamas National Trust and :

This statement came during

The seminar will consist of

: four sessions, from 8.30am to
: 4pm, The co-ordinators of the
: seminar plan to address the
conch, crawfish
: businesses and many strategies
: to deter criminals from target-
: ting businesses.

“vexing” issue of crimes against

Yesterday, officer-in-charge

el of crime.
“Today this is an absolute

: example of what should happen
: when the business sector and















Business owners urge
to combat armed robberies, thefts

the police force join forces
together. We realise that the
fight against crime is not only
the (police’s) problem and so
we decided to join our forces
together to look at how best we
can educate the public particu-
larly the business community
and take a bite out of crime.”

He encouraged members of
the public, particularly business
owners, to attend the seminar
and take advantage of the edu-
cational tools that will be dis-
cussed to stem the rise in armed
robberies of businesses.

President of the Bahamas
Chamber of Commerce, Dioni-
sio D’ Aguilar, described crime
as a “vexing” issue for most
businesses.

“Tf it isn’t armed robbery then
it is the enormous amount of
employee theft and fraud com-
mitted by customers,” he said.
“It is important for businesses
to learn about strategies to
make it as difficult as possible
for persons to commit crimes
against their employees, their
customers, and their business.”

A “different breed” of crimi-
nals exists in the Bahamas
today, community activist Car-
los Reid said. “My job inside
this summit is to be able to get
down to some of the root caus-
es of why some these young
people have this type of men-
tality.”

At 9.30 am, during the ses-
sion ‘Crime, criminality, and its



WOOO AAA |

=
~
ey
“XN
N
NN

AMEPLIBIANAAN

W144



impact’ will be discussed. Psy-
chiatrist Dr David Allen, Carlos
Reid, and Bahamas Christian
Council Member Rev C B Moss
are slated to give remarks.

At 10.45am there will be a
panel discussion on crime.

Robbery prevention, employ-
ee screening, embezzlement,
and the neighbourhood and

business policing programme



Cr eC ati
Association

d to take steps

will be discussed by Senior
Assistant Commissioner Ellison
Greenslade and Deputy Direc-
tor of Public Prosecutions
Cheryl Grant-Bethel, among
others.

The afternoon session will
include a discussion on the
‘Powers and role of the judicia-
ry’ and ‘Executive and employ-
ee protection against violence.’



announces
Upcoming General Meeting Dates
Nomination of Officers
Thursday, 15th November 2007
and
Election of Officers

Thursday, 29th Novem

To be held at 6:

er 2007

Opm Nightly

At BHRA MotorSport Park

Q.E. Sports Complex





WOdVdeD MMM.

Reloj Tank Frangaise





CARTIER BOUTIQUES:
Nassau: 284 Bay Street * Tel.: (242) 302 2872 |
: Paradise Island: Crystal Court, Atlantis + Tel.: (242) 363 5808
PAGE 12, THURSDAY, NOVEMBER 15, 2007 THE TRIBUNE

Minister reveals BAIC
is millions in debt

FROM page on ees/contractual staff were hired between May
pag ie 2002 and December 2003 a net increase of 17
staff members as five others had their services

terminated.
During the second half of 2003 there were sig-





&

Wrap your home in the colours
of your dreams this Christmas

2003. The minister pointed out that
this was an increase of $670,624 or 71.12 per
cent.

He said that professional fees were largely
made up of payments to Universal Legal Ser-
vice Associates in the amount of $84,000; Ear-
lin Williams $38,000; Capital City Markets
$18,000; Godfrey Eneas $21,000 and Erring- Park is 461,973 per annum at occupancy level.

ton Watkins $23,000. ‘ . However, the revenue collected for the year
Travel and entertainment expenses includ- — 4.)3 Wag $331,765.

ed costs related to airfares accommodations, Mr Cartwright said that this has resulted in an

transportation and meals from travel within increasing amount of Accounts Receivable for
and outside of the Bahamas,” Mr Cartwright the Park which was $1,059,720 at December

said. : = mB
: 31 2003. Despite the addition of a Collections

ee Hotes Malarprona ly Officer and a Collections Assistant there was no
yA significant movement of effort made to recov-_ .

sion to China. Lethe niounts
Additionally there were large payments to ne ;
Royal Bank of Canada Visa a Restaurants The Board Minutes reflect that 2 suppestion
was made to out source the collection effort.

that‘are, ine luded'in the Business and Enter The minister said that the micro-loan facility
tainment figure of which $35,000 was attrib- f 1
uted to the chairman at the time, the then Mem- “8 DUE OE COD Ota

: f ; “There were significant breaches as far as
ber of Parliament for the constituency of Hoy documentation and overall administration of

Cross.
ane é the programme were concerned,” Mr
Advertising and Promotions grew substan- Cartwright said.

tially from $18,000 to $132,000 with that figure ss : ‘
; ; a costs a The minister said that while the report for
pein HA eee nts tose eae 2004 is not as gloomy as that of 2003, but much
cations $23,000, Capital City Marketing $18,000, wae aid ocine ae loss decreased from
Global Business Press $17,000, The Nassau $1.613.567 to $812,596 eS
Guardian $9,000 and Earlin Williams $8,000. M Cc é aa ites
Mr Cartwright said that Mr Williams was t Cartwright said that this improvement
was attributed to a reduction of the adminis-_

contracted to provide promotion, marketing .
and publications, speech writing and special seeds 46. d general expenses from $1,005,097 to

project services in September 2002. This im
a6 ‘ provement was led by the cost con-
In October 2002 the then minister with tainment in the professional fees line from

or maby tot Bee that the con- $234,000 to $20,000; travel and entertainment
Th Bi Hoa sq of Directors Rated ts teuminate «es decreased from $232,000 to $65,000; office
‘ : expenses decreased from $43,000 and adver-

- the contract by February 1, 2003. cone ;
“Subsequent to the termination Mr Williams ca PIOROnORS cul #FOn $132,000 to

submitted invoices and billing to the corporation : ‘ :
: et wit ; However, Mr Cartwright said that during the
for $35,225 which were paid,” the minister said. year, the accounts receivable on rentals grew by

Mr Cartwright said that Mr Williams was $ : : :
; ; 106,000 with very little movement in the col-
also provided with travel advances from March lschibns Ghtha mince lowes:

to November 2003 in the amount of $4,290. . i
“Tt is noted that invoice and travel advance ne papa the ren collections Rad: on
; cash flow in a growing bank overdraft.
request forms were generally signed and “The impact the revenue collections had on
approved for payment by the Executive Chait- 4.4 flow resulted in a erowing bank overdraft.

“De a she" Pe ecinhi in the public sector This growth also resulted in ‘higher overdraft
P ee interest charges,” he said. :

hiring, Mr Cartwright said, 22 new employ-

number of staff.
This subsequently led to an increasing month-
ly payroll, which spiked at nearly $140,000.
The total potential revenue at Soldier Road









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nificant increases in average earnings and the °
THE TRIBUNE

THURSDAY, NOVEMBER 15, 2007, PAGE 13



Minister claims amentiments

LOCAL NEWS

to sportsfishing regulations
‘threw the industry | in ‘iisarray’ =

FROM page one

allow visitors to enjoy fishing
in the Bahamas and at the same
time protect the country’s
marine resources.

The new regulations, the min-
ister told the House of Assem-
bly, will prevent an “unscrupu-
lous minority to exploit our
marine resources and abuse our
hospitality.”

Late last year, former Agri-
‘culture and Marine Resources
‘Minister Leslie Miller intro-

duced new catch limits which
drastically reduced the amount
of fish sportsfishermen can take
out of the Bahamas.

Despite major objections and
boycott threats by foreign
sportsfishermen, Mr Miller
vowed that the amended limits
would remain in effect. He said
that the limits were necessary
to protect and enhance the
Bahamas’ natural marine

'. resources.

Addressing parliament yes-
terday, Minister Cartwright said

that some of the amendments:

made by the previous adminis-
tration caused considerable con-
fusion as to the position of the
Bahamas government in regard
to the promotion of sportsfish-
’. ing — an activity in which per-
sons visiting the country are
encouraged to partake.

“Although it was indicated
that provisions would be made
so that the changes would not
negatively impact the conduct
of approved sportsfishing tour-
naments in the Bahamas, this
was not done,” Mr Cartwright
said.

As a consequence, the minis-
ter said, sportsfishing tourna-
ments that were scheduled to

~take place this year were
“thrown into disarray.”

“In the midst of uncertainty,
many regular visitors to the
Bahamas who used sportsfish-

_ ing as a vacation or recreation-

al activity, chose to either stay

away from the Bahamas or to
curtail their number of visits
here.

and marinas reported signili-
cant reductions in bookings,”
Mr Cartwright said.

The minister said that in the
past there were complaints that
some visitors were selling fish-
ery products caught while using
a sportsfishing permit.

“Such sales are now specifi-

cally prohibited in the regula-

tions.

“Every effort will be made to
ensure that those afforded the
privilege of fishing in our
waters, do not abuse that privi-
lege,” Mr Cartwright said.

Explaining the new catch lim-
its for foreigners fishing under a
sportsfishing permit, the minis-
ter said that in terms of demer-
sal fish — species such as
Groupers and Snappers living
on the bottom of the sea — the
catch limit is now 60 pounds or
20 fish per vessel.

For the pelagic species, such
as Wahoo, Tuna, Kingfish and
Dolphin, the catch limit is now
18 fish per vessel.

For Crawfish, the limit is now
10 per vessel. The small catch
limit of six Conch per vessel has
also been reinstated, the min-
ister said.

Mr Cartwright said added.

that there is no allowance for
the capture or possession of
marine turtles by foreign per-
sons fishing under a sportsfish-
ing permit.

All species of Billfish, Sword-
fish, Sailfish and Marlins,
including the Blue Marlin, may
be taken only on sportsfishing
tournaments, where specifically
permitted under the approved
rules of that tournament.

Mr Cartwright told parlia-
ment that changes have also
been made to clarify whatia
sportsfishing visitor can legally
take aboard his vessel when
leaving the Bahamas.

“After visiting the Bahamas a
foreign vessel that had a valid
sportstishing permit will be
allowed to take out of the coun-
try an amount of marine prod-
ucts equal to that amount that
could be legally aboard under

_ these new regulations,” he said.

“Many Family Island hotels

Lawyers seek psychiatric
evaluation for murder convict
FROM page one

_~ _tencing on the murder conviction. It was at that time that Hutchin-

-son’s attorney Murrio Ducille made a request to have his client
undergo a psychiatric evaluation while noting that sentencing
guidelines only.call for the court to be provided with a social
inquiry report.

Deputy Director of Public Prosecutions Cheryl Grant-Bethel did
not object to Mr Ducille’s application for a psychiatric evaluation
and report. Justice Isaacs noted that he was not sure just how long
it would take for Hutchinson to undergo a psychiatric evaluation,
however, he adjourned the matter to December 19 at 1 pm. While
being escorted from court Hutchinson was confronted by a woman
who taunted him with a noose as he was led back to Central Police
Station. Hutchinson only smiled.

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Concerns over
fake lawyers

FROM page one

outcome can be disastrous, the judge said.

“They (the unqualified persons) are a danger. They know
little except how to draft up legal documents and make them
look good, but they know nothing about the law. They fill per-
sons with false hopes, which often leads to those persons com-
ing to court with little hope of success. The end result is a dis-
aster, both emotionally and financially,” Justice Lyons said.

He pointed out that there is a very good reason why lawyers
are called to the Bar and why there is a Bar Association to
oversee them.

“That reason is to protect the public and to make sure that at
all times high standards are maintained,” he said.

Justice Lyons in the Success Training College case dismissed
the defendant Dr Phillip’s counterclaim against former South
Andros MP Whitney Bastian and Dr Deswell Forbes.

In 1998, as shareholders of the Success Training College in
New Providence, Mr Bastian and Mr Forbes established a satel-
lite college in Freeport. They chose Dr Phillip to spearhead
that venture.

_ However, after two years Dr Forbes became dissatisfied with
Dr Phillip’s conduct and terminated him. The Industrial ‘Tribunal
in 2002 found that Dr Phillip was properly terminated.

Notwithstanding the termination, Dr Phillip continued to
think he ran the company, Justice Lyons said in this ruling.

Dr Phillip further contended that he owned 1,500 shares in the
Freeport Success Training College.

However, Justice Lyons ruled that Dr Phillip had no claim ta
the shares.

“His case had nothing to do with his belief that he was a ben-
eficial owner of 1,500 shares in Success Freeport. He just want-
ed to put the screws on Dr Forbes and Mr Bastian for a decent
fistful of dollars to help him out of his retirement.

“The irony is that had he approached Dr Forbes and Mr Bas-
tian with his concerns and fears (that are common to all who are
approaching retirement age), and had he done the right thing,
they would have done the right thing. He would still be at the
Freeport College in the senior role of running it for a fair
salary,” Justice Lyons said.

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FROM page one

legitimately have to resort to a
contingency order for things that
were not budgeted for.

Secondly, he said he had heard
the argument that the $20 million
figure set in L988 was too low for
ihe contingency limit, and should
be increased, However, Mr Ingra-
ham said, he is not now persuaded
to clo so.

“Tam inclined to see how we
can manage with the $20 million.
1 am inclined to come to Parlia-
ment with any extraordinary
expense by way of supplementary
appropriation bills. And if Tcan’t
wail to come to Parliament we
will certainly operate within the
$20 million dollar limit during my
tenure in office this time,” he said.

Mr Ingraham presented figures
(o the House of Assembly for the
years from 1997 to 2006 and 2007.

During the years of the FNM
from 1997 to 2002, the statistics
revealed that the government at
that time spent $302 million in
contingency orders. For the peri-
od 2002 to 2007, the PLP govern-
ment’s figures totalled $731 mil-
lion.

In a document from the Min-
istry of Finance on the recurrent
supplementary funding justifica-
tion for 2006/2007 it is recorded
that oyer a million dollars was



Home or Office Partie

EXTRAVAGA

- 5:30 pm

THE TRIBUNE

PM criticises contingency funds

paid out to costs awarded in the

Office of the Attorney General. |

Also a line from November 16,
2006 for the Airport Authority
claims $65,389 for the renaming
ceremony for Nassau Interna-
tional Airport to the Lynden Pin-
dling International Airport.
Although government may
have spent some $179 million out-
side of the authorized appropria-
tion bill by Parliament, Mr Ingra~
ham said, that does not necessar-
ily mean that the government
overspent to that extent.
However, Mr Ingraham stated
that when they next present a sup-
plementary appropriations bill
before the House they will pre-
sent more accurate and realistic
figures for corporations and goy-
ernment agencies than the nor-

_mal “unrealistic” ones that are

normally used in the budget.

Such entities include, but are
not limited to, Bahamasair, ZNS,
and Water and Sewerage Corpo-
ration,

“We know that Bahamasair will
not make it with $11 million. We
know that. But every year we con-
tinue to put these ridiculous num-
bers in the budget and during the
course of the year we use the con-
tingency provision to give

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Bahamasair its extra money.

“Well when we come to the ©

House in January or February
with the mid-term statement that
I promised we will have, we will
come with what the true subsidy
of Bahamasair is. We will do the
same thing for ZNS and the

Water and Sewerage Corporation. ‘

Because I believe that once mem-
bers of the public know how much
money we are spending on. these
entities, then reality is going to
set in for us in this place,” he said.

Mr Christie, who spoke follow-
ing Mr Ingraham’s contribution,
took exception to the view, by
insinuation, that his government
was careless with the public’s
money,

Mr Christie reminded the

House that the country went +.

through the economic downturn
following the terrorist attacks on
September 11th, and the havoc of
three major hurricanes. Also, to
foster the attraction of major for-
eign investors, Mr Christie added
that capital development needed
to be done in the Family Islands.

These included, but were not lim-_ ,’

ited to, installing running water
in the southern islands, and light-
ed runways throughout 17 of the
Family Islands.

























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. re es. ak ee LY,

hae aw ihe TE EF

‘oof 6 0.0 33 By ge OE BO IS, yp 19 1 Se meet

A ate mB, WY. Fs
-THE TRIBUNE



AeA YCSSTEATIE 21601) 05 6

“FROMpaeoe BEC is criticised in election court

Bahamas Telecommunications
Company (BTC), the Ministry of
Housing, the National Insurance

- Board (NIB) and the Road Traf-
fic department yesterday all sub-
mitted documents to the court,
from subpoenas issued on
November 2.

However, PLP lead counsel
Philip “Brave” Davis told the
court that he was “concerned”
with what was happening with
BEC. Of the 159 people Mr Davis
said he requested information
about from the company, BEC
only provided information on 61

these individuals as of yesterday .

morning.

What was supposed to happen,
Mr Davis said, was that one of his
junior counsel was to meet with
BEC to determine what informa-
tion was relevant before the infor-
mation was forwarded to the

* court. However, since November
7, he said, they have attempted
to meet with BEC, but were
unable to.

The PLP lead counsel told the
court that he intervened in the
wake of the difficulties his junior
counsel faced scheduling a meet-
ing with the corporation.

Up to Monday Mr Davis said

he still faced difficulties with this
issue, and then wrote to BEC’s

attorney — Oscar Johnson — copy-

ing the General Manager Kevin .

Basden and a Shelly Cooke, advis-
ing them of these difficulties, while
also advising Mr Basden to appear

: before the court. This led, he said,

to the receipt of the information
regarding the 61 people out of the
159, they received.

Mr Davis told the court that
this behaviour was “alarming” and
“distressing” and this exercise
requires explanation from BEC.
They appear to be “cherrypick-
ing”, Mr Davis charged.

Furthermore, Mr Davis showed
the court some of the information
provided by BEC which had writ-
ten analysis on it of whether vot-
ers lived in Pinewood or not.

Mr Johnson told the court that
he was not aware that the meeting
was not held, and upon inquiry, he

‘was informed that information
was processed on 61 people and -

the remainder was being com-
piled.

Senior Justice Allen told Mr
Johnson that he and BEC were
treading on dangerous ground,
when he was addressing the court
on the issue. Regarding the writ-
ten opinions on the documents
provided, Senior Justice Allen

Missing man’s Car

FROM page one

40’s, was last seen by his colleagues at his work place of Zorba’s
Restaurant in Port Lucaya at 11.45pm on Saturday.
His wife saw him last at 11am on Saturday when he left their
home. He has not been seen or heard from since. 5
Police told The Tribune yesterday that the vehicle, a two-door
Mitsubishi Eclipse, driven by Mr Lightbourne, was found. at the

-- RND Plaza.

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

| award.

| If so, call us on 322-

| 1986 and share your
story. reel

said it is not for BEC to decide
who lives in Pinewood, to which
Mr Johnson agreed.

Justice Jon Isaacs asked Mr
Johnson if he brought his client
to court, to which Mr Johnson
said no, but pledged to have Mr
Basden in court momentarily.

Mr Basden appeared at the end
of the morning session and his
attorney asked the court if he
could be allowed the opportunity
to speak with Mr Davis in order to
organize the production of the
remaining information — to which
Justice Isaacs raised the question
that this pledge was previously
made to the court. Senior Justice
Allen too raised a question as to
why Mr Basden did not obey the
previous order.

The court ultimately allowed
Mr Johnson to meet with the PLP
legal team to coordinate the pro-
duction of the remaining infor-
mation, and it is expected that the
court will be informed today
about the status of the documents.
Senior Justice Allen informed the
BEC representatives that there
are to be “no notes” on the
remaining documents, while Jus-
tice Isaacs informed BEC that it is
not within their discretion to tell
the petitioner what information
they can and cannot receive. Mr
Johnson agreed that there will be
no notes on the remaining infor-
mation, while Mr Basden did not

“address the court directly during
his appearance.

The initial lack of appearance
of a representative of the Depart-
ment of Immigration was also of
issue yesterday.

Senior Justice Allen ordered a
clerk to contact the department,
with Lambert Campbell, assistant

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director of Immigration subse-
quently showing up before the
court.

Mr Davis had said that Mr
Campbell was served on Novem-
ber 12.

When Senior Justice Allen
asked why he did not attend, Mr
Campbell said the request to
appear escaped his attention.
When asked if he had the infor-
mation requested — which per-
tained to Manani Taylor — Mr
Campbell told the court that there
are no such documents
in the Department of Immigra-
tion.

Mr Davis took strong issue with
this assertion. He argued that this
person was picked up by Immi-
gration and was in the Detention
Centre’ before being deported to
Jamaica by them. —

That department, Mr Davis
said, ought to have a record of
this, along with a record of the










EOS



20670 oe 300-3303
pe le al

status the man once held.

Senior Justice Allen advised Mr
Campbell yesterday that she will
allow him to review the matter
and return today. Mr Campbell
was not on the witness stand
under oath when he made
his remarks regarding Mr
Taylor.

Sixteen voters also testified yes-
terday. Ian Nottage, who said he
lives with his mother Louise’
Miller, who also testified yester-
day, pointed to a location out of
the Pinewood constituency when
asked to show where he lived by
Justice Isaacs.

The Form B declaration with
the Parliamentary Registration
department recorded Mr Not-
tage’s address as 44b west of Ash
Road, north of Sapodilla Blvd.
However, Mr Nottage said he
lived with his mother, and on the
counterfoil it indicated that she
lived at 4084 south of an unnamed

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Jennifer Ageeb

Sundrop Creations



waweH 15, 2007, PAGE 15

road, west of Windsor Terrace.

Initially, Mr Nottage pointed
to an area within the Pinewood
constituency on the constituency
map in the court.

However, when asked to show
the location on a more detailed
map provided by surveyor
Stafford Coakley, which has the
constituency map outlined on the
Pinewood subdivision map, the

_ area he indicated was outside the
, boundaries lines drawn by Mr

Coakley.

Two voters also told the court
that they live in Sir Lynden Pin-
dling Estates. N’keba Williams
said she has lived in phase 3, a
new section, of the subdivision for
16 months; while Yolanda Stra-
chan-Stubbs said she lives at 2977
in this subdivision. _

Representatives from BEC, the
Department of igration and
possibly nine other witnesses, will
take the witness stand tomorrow,
along with the conclusion of the
cross-examination of Patrice
Cleare by FNM Lead Counsel
Michael Barnett.







wee oe ee ee
MY RAMAMAS!



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PAINTER’S CAULK

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PAGE 16, THURSDAY, NOVEMBER 15, 2007 i THE TRIBUNES .-)

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THURSDAY, NOVEMBER 15, 2007, PAGE 17



















eee ny


THE TRIBUNE

INTERNATIONAL NEWS

PAGE 18, THURSDAY, NOVEMBER 15, 2007





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Britain’s PM says airports, other sites

need better security against car bombs

m@ LONDON

BRITAIN unveiled plans
Wednesday to tighten defens-
es against car bombs at its air-
ports and rail stations, with the
country’s terrorism minister
warning of a 30-year battle
against extremists, according to
Associated Press.

Prime Minister Gordon
Brown said airports and 250 of
the busiest train terminals will
get new blast barriers and
impose strict limits on access
for public vehicles.

In addition, Internet and
technology companies in Britain
will be asked to help stop ter-
rorist propaganda being dis-
tributed online, Brown said.

The review of nearly 900 pub-
lic spaces was conducted fol-
lowing failed car. bomb attacks
in London’s West End enter-
tainment district and Glasgow
airport earlier this year.

Thousands. of movie theaters,
shopping malls, hospitals and



schools will be advised on how
to protect the public from
bombs.

Brown said a review led by
terrorism minister Alan West,
former head of the Navy, had
found no lapses in safety, but



recommended extra protection
against car bombs — a tactic

~ once used by Irish Republican

terrorists and now adopted by
Islamic extremist groups.

The review came more than
two years after the July 2005
suicide bombings on London’s
transportation system that killed
52 people and the four British
attackers.

Brown said new baggage
checks will be introduced at
major rail terminals, but restric-
tions limiting air passengers to
one piece of hand luggage per
flight are being relaxed.

‘He acknowledged that
changes likely will spell more
disruption for passengers, who
already face strict baggage
checks and long lines at securi-
ty gates.

Some business leaders
already claim to avoid London’s
main Heathrow airport because
of the associated hassles.

At a breakfast meeting with

architects and security experts,

West and Brown discussed
plans to design new public
buildings, including stadiums
and concert arenas, to reduce
the impact of explosions and
shrapnel.

West, also a former head of
defense intelligence, warned
that the current threat of ter-
rorism is likely to last for a gen-
eration.

“Tt will take 30 years to excise
that cancer of terrorism, T
believe,” he said.

Brown told parliament major
work was needed to isolate
extremist preachers and neu-

tralize their message, particu- -

larly following worries school
children have access to violent
propaganda.

Jonathan Evans, head of the
domestic spy agency MI5,
claimed last week young
teenagers were being radical-
ized to carry out terrorist plots.

Brown said Internet and tech-
nology companies will be asked
to help stop the online distribu-
tion of terrorist propaganda,
and he announced that a meet-
ing would be convened by min-
isters.

Public libraries and universi-
ties will also check extremist ee
erature is not being b handed out

on their premises,



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PAGE 20, THURSDAY, NOVEMBER
renee ence ees ess na ca GN

007

INTERNATIONAL NEWS

Strike slo:s French traffic as unions

@ PARIS pivotal standoff with President,

‘. Nicolas Sarkozy over his bid to’ ln a potential breakthrough,
pare down labor protections, ‘kozy accepted a union pro-
according to Associated Press. \| for talks between govern-

But both sides quickly soughta 4 Unions and companies
graceful exit. ted by the strikes about con-
retirement reforms, his

STRIKING transportation
workers cut train service and
forced Parisians to walk, bike or
skate to work Wednesday in a





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chief of staff Claude Gueant told
the daily Le Monde. °

The president ordered letters
to be sent to unions laying out
plans for negotiations, his
spokesman David Martinon said.
Such negotiations could allow

. Sarkozy to secure the pension

reform and protect his reformist
credentials, but on tetms the
unions can swallow. ;

“It’s advancing,” said Prime
Minister Francois Fillon after
meeting with Sarkozy and Labor
Minister Xavier Bertrand.

With British crews on the
trains, the Eurostar between Paris
and London was running as usu-
al — although the strike hit the
same day the cross-channel train
line launched a faster route head-
ing into London’s St. Pancras Sta-
tion. The entirely high-speed train
service shaves 20 minutes off the
trip from London to Paris, and

25 minutes off the London-to- _

Brussels route.

Transport workers trying to
hang on to special retirement
benefits that Sarkozy wants
trimmed are threatening an open-
ended strike with daily votes on
whether to continue, something
especially the



.vublic.
“I support the idea of strikes,
\t not this strike,” said 25-year-
\ Xavier Michel, who skated
miles to his advertising job.
§trike, he said, hurts “the lit-
cys like us” who are “basi-

jken hostage.”
andgyees of the national rail
as Yay authorities and the
‘walkeclectric companies
to extahe job to protest plans
some 5(¢ retirement age for
ers and ¢public sector work-
efits ce} other special ben-
enjoyed fo}, Sectors have
tury. » than a half-cen-
Unlike th\ , 3
that have lonittered strikes
including an ged France —
strike seen as 45 transport
against Sarkozy Wing volley
labor action is a ¢™S — this
Sarkozy’s campaigv€ test of
overhaul France to PMIse to
competitive. \it more
The strikes startet

night when the SNCF mien
















ity halted service on mhor-
Just 90 of 700 trains wees:
ning. Naas

Paris transit workers joit
Wednesday. Gas. and elect




\

veer)
393.5310 / 394.2378

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www.bestbuybahamas.com

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SS





THE TRIBUNE

resist Sakozy’s reform crusade

THOUSANDS OF public transport workers and civil servants demonstrate in
Marseille, southern France, Wednesday, Nov. 14, 2007. Striking transport
workers slowed France to a crawl as unions and the government dug in for
a pivotal standoff over President Nicolas Sarkozy's bid to strip away labor
protections he says are hobbling growth. Trade unions are protesting
Sarkozy's plans to eliminate special rules that allow train drivers and cer-
tain other public service workers to retire early.

workers went on strike, too,
threatening targeted blackouts to
illustrate their grievances over the
retirement reform.

Students protesting a universi-
ty reform added a volatile note
to the transport strike, blocking at
least 35 of France’s 85 universi-
ties.

“I find it abominable and
above all absurd,” said a fuming
Sorbonne French professor, Lau-
rent Susini, trying unsuccessfully

\\ to get past a handful of pickets.

\ Students opposed to the block-

ages were doubly punished —

ithout transport and unable to
into class.

ot only did it take me an

and a half to get here, I can’t

,” said law student Michael

view Signs reading “No Ser-

and Pegled at subway stations

ital, Tad tram stops in the cap-

was jaighway circling the city
sad with vehicle traffic

from b an Sa

muters \¢@Wn, as many com-

walked olf t@ work. Others
new rent-at the city’s popular

Opinion SEMEN
has the publi Suggest Sarkozy
agree with puis side as most
‘yguments that









EAST BAY & VICTORIA AVENUL
TEL: 326-8888 "
FORMERLY LOCATED AT THE HILTON MTEL ©

retirement rules are outdated,
unfair and too costly.

“T agree with the reforms but
Sarkozy is going too quickly,”
said Vidal Madou, who expected
to spend more than an hour to
make the usual 30-minute -trip to
the construction materials store
where he works. as

“This is the first government
we have had in a very long time
that is capable of saying "We are
going to carry out reforms.” said
Bruno Fourquin, taking a rare
suburban train into Paris. “They
have to hold firm.”

Sarkozy wants everyone —
including the rail and utility work-
ers, sewer workers, state bank’
employees and workers at the
Paris Opera and the Comedie

Francaise theater company — to

retire after 40 years of service
instead of the 37 1/2 years they
currently work.

Despite tough talk, it was the
head of the Communist-backed
CGT union, Bernard Thibault,
who proposed a potential open-
ing, suggesting talks with various
companies and relaxing earlier
demands that it would only nego-
tiate with the government direct-
ly, according to Le Monde.

CASH ONLY - NO EXCHANGE
NO REFUND - ALL SALES FINAL

NS



Claude Paris/AP



som

oe











THE TRIBUNE . . THURSDAY, NOVEMBER 15, 2007, PAGE 21 a
PRICES GOOD UNTIL )
| vember 25th, 2007 our O f § Uj er O fe
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PAGE 22, THURSDAY, NOVEMBER 15, 2007 é | | THE TRIBUNE
ata | | INTERNATIONAL NEWS

_ North and South Korean prime
ministers start first talks in 15 years

@ SEOUL, South Korea for the first time in 15 years the second-ever summit of South’s leaders agreed to pur-

ih Wednesday, hoping to extend their leaders last month, sue a permanent peace treaty

THE prime ministers of a detente across the Cold according to Associated Press. to replace the cease-fire that

North and South Korea met War’s last frontier following In October, the North and ended the 1950-53 Korean

War at a summit where they

also discussed increasing eco-
nomic cooperation.

North Korean Prime Min-
ister Kim Yong II said after
arriving in Seoul on a direct
flight from Pyongyang that he
thought the three days of talks
— aimed at fleshing out the
October agreement — would
“so well in a warm atmos-
phere” based on his enthusi-
astic welcome.

The two sides last held
prime ministerial talks in 1992
that were suspended amid the
first crisis over the North’s
nuclear weapons program.

Kim ranks below the top
members of the North’s rul-
ing elite, leader Kim Jong Il
and the country’s No. 2 Kim

“Yong Nam. He is meeting
with South Korean Prime
Minister Han Duck-soo, who
is the deputy of South Korean
President Roh Moo-hyun.

The North-South talks come



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to disable its sole operational
nuclear reactor recently under
a deal with the U.S., South

: e
Korea, China, Japan and Rus-
sia.
Seoul believes that promot-
ing reconciliation with

Pyongyang would facilitate
resolution of the nuclear dis-

)
pute.
This week’s talks will focus
on the accord that Roh and
: the North Korean leader

signed in October in
Pyongyang — which calls for

Shop early for fabulous bargains! greater peace and economic
cooperation across the world’s

most heavily fortified border.

J, H ouse & Praising that agreement as a

e H ‘ big step toward reconciliation,
ome the North Korean delegation

Mall at Marathon ; stressed Wednesday the

Tas aay eee anne Seirdey oY boa 9 005m Enportance of implementing
Fax: (Bat B93 A096. ae es * ras

_ The North also said it would



nd.netitems..: .|....“‘make every.effort” to make
os this week’s talks a success in
the spirit of “by our people”
.— a common North Korean
propaganda slogan calling for
resolving Korean peninsula
issues without interference
from outside forces, mainly
the United States.

The negotiations will focus
mainly on economic cooper-
ation projects, including set-
ting up a joint fishing area
around their disputed western
sea border and establishing a
joint economic area on the
North’s southwestern coast.

Also on the agenda are
building joint shipyards in the
North and improving conve-
nience for South Koreans
working in a joint industrial
zone in the North Korean bor-
der city of Kaesong by simpli-
fying border customs inspec-
tion and improving communi-
cation networks in the zone.

Other topics include
expanding reunions of sepa-
rated families.

Security issues are not
expected to be on the table as
the two sides will hold defense
ministers’ talks in Pyongyang
later this month.

The North’s premier Kim is
an economic technocrat who
served as the country’s land
and marine transportation
minister. Kim recently visited
Vietnam, Malaysia, Cambo-
dia and Laos, signing a series
of economic cooperation
accords with those countries.

Most other members of the
North’s 43-strong delegation
are also economic officials.

Dozens of anti-North Korea
protesters staged a rally out-
side the talks’ venue, accus-
ing the South of making too
many concessions to

- Pyongyang and getting little
in return.

The group set fire to a pic-
ture of North Korean leader :
Kim Jong Il and the country’s
flag.

“Stop lavishing aid on
North Korea!” the protesters
chanted as riot police stood
guard to prevent them from
attempting to approach the
hotel.

The Korean War ended ina
truce, not a peace treaty,
which means that the two
Koreas are still technically at
war.

Their relations -have’
warmed significantly since the
first-ever summit in 2000,
although the reconciliation
process has often been over-
shadowed by the standoff over
the North’s nuclear weapons’
programs,

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THURSDAY, NOVEMBER 15, 2007, PAGE 23







let Cha vives the





his sidekick Derek put,
some smiles on your

kids’s faces.















Bring your childven to the
MctHappy tour at McDonald's in
Oakes Field every Thursday
from 3:30pm to 4:30pm during the -
month of November DOOF:





















Enjoy Great Food, Prizes and Lots of Fun

vt rs ar
Simply the Best
















THE TRIBUNE

“PAGE 24, THURSDAY, NOVEMBER 15, 2007






HEX WOM, GUESS| | I SAW WHERE You WERE.












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KNOW..-MAYBE KEITH

DION'T TELL HER! i
: WE TIME-TRAVELED To THE WELL, YOU'VE | YEAH. WILL YOu

RASSIC, BUT WE RETURNED | HAD A TAKE THIS FILM
ie TE SPLIT SE@ND WE | PRODUCTIVE | TO BE peo
LEFT! THATS WHY IT DIDNT =| MORNING | TLL Le we
Look LIKE WE WERE GONE! WHEN T
WE SAW LOTS OF DINOSAURS /











GO HOME, MARGO. I'LL SEE | I/LL BE INA BETTER YOU/RE GOING




“t+ LYOU TONIGHT FOR DINNER. | MOOD AFTER I'VE TO NEED IT. :
bees HAD SOME SLEEP. a a
e J *, TN I,
“L DON'T KNOW WHAT YOUR MoM SAID (NTTALIAN, | ke oS
BUT ANGRY SOUNPS THESAME JN ANY LANGUAGE. Wey.







HOW ABOUT A LOAF




THE POST OFFICE SELLS EVERYTHING





Rationale of Good Dummy Play





























NN tb

TTD 0



South West . North East
1Â¥ Pass 1NT Pass
4Â¥

Opening lead — queen of spades.

Here is a test of good technique in
declarer play. Let’s say you’re in four
hearts and West leads the queen of
spades. You play low from dummy
and ruff the spade continuation. How
would you proceed?

The club loser is inescapable, so
the problem is to avoid losing two
diamond tricks, one of which must
be lost in any case. Two factors are

protection against bad breaks.

Assume the diamond is taken
and a spade is returned. You ruff and
cash a second round of trumps, hop-
ing they are divided 2-2. But when
West shows out, you next play the A-
K of diamonds, still hoping for a 3-3
break in that suit.

The diamonds don’t split, but
you get lucky when it turns out that
East is the one with the greater

length. This allows you to ruff a

fourth diamond in dummy safely,
and you wind up making the con-
tract,

NOW: FRAMED PAINTINGS, PHOTOS, <4 OF BREAD?
EVEN STUFFED ANIMALS! | 4 / oe
Os ake { pouas nidealen. i _ the au breaks cual 2 ay
r ast-West vulnerable. Likewise, you will be in goo
fi NORTH shape if the diamonds are divided 3- | THURSDAY,
Hes #K 83 3, whether trumps are drawn early or NOY
i ! RASS ¥653 not. So you proceed on the assump- 75
Hi SS #984 tion that both suits will break badly : 5
BY A862 and consider what, if anything, you | ARIES — Mar 21/Apr 20 re
HH Shp WEST EAST can do in that case. You’re taking a step in the right ae
e &QI952 &A 1064 Note that you cannot afford to | direction this week; Aries, but you
‘ASE v9 ¥1072 test the trump situation by first draw- | won’t seem to make much forward
#52 #QJ107 ing two rounds. If you did this and | progress. Better regroup and work
&Q1074 2 ponte &KO then played toe a ae ae toward your goal again next week.
Rae OMe COuse e cee ¥Y 4 |} TAURUS -— Apr 21/May 21
THIS OLD “KING ESPECIALLY a7 trump return, as in the actual deal. fA short stint of feeling sorry bor your-
KONG” MOVIE |S H VAKQI84 The way to give yourself the best } seit is obliterated when your self-con-
PRETTY SCARY DEFINITION — *AK63 chance is to.cash one high trump at } fidence returns, Taurus. You'll make
IS trick three and then lead a low dia- | monumental strides in the days to
TELEVISION a mee ; y
The bidding: mond! This gives you the maximum J come that will also boost your ego.

GEMINI — May 22/Jun 21
You’ve been looking for help in all
the wrong places, Gemini. Why not
focus your sights closer to home?
Family members should be the first
people you call upon.

CANCER -— Jun 22/Jul 22
Time is of the essence in regard to a
work situation, Cancer, but you’ve
been dawdling much too often in this
area. Put your nose to the grindstone
and make some action.

LEO - Jul 23/Aug 23
Wishing and hoping are no ways to



- Ta obvious. If the trumps are divided 2- 1 1
3 OX... aw} 2, you can make the contract by At no point were you sure you’d | get things accomplished, Leo. Plot a
oe NoW THAT'S ©] drawing them and playing the-A-K make four hearts, but at least you fol- | Course of action and take steps to sce
and another diamond, The fourth dia- lowed the line of play that offered the | it through to its completion. You'll
\ EFFECTNE mond ¢an then be ruffed in dummyif best chance of success. feel much more satisfied.
MARKETING & VIRGO -— Aug 24/Sept 22
: y You have been working too hard at
aN vw a; = G ET making a relationship work, Virgo.
bas ; The signs are clear: this matchup just
“ B has no future. Cut your losses while
g g The you still can.
a LIBRA —~ Sept 23/Oct 23
=a words in When it comes to your week, Libra,



ae Kou WILEY WE, (We. ZB







there are surprises around every cor-

body of ner. If you keep in mind that there will
TIGER - be no dull moments, it’ll be much eas-
2ist . g3 g 3 ; ier for you to muddle through.
Dictionary B= 8 SCORPIO — Oct 24/Nov 22
(1999 fey ee You’ll have a hand in a project at
FISHING ANY edition). Bh Fi 5 work that will bring you great suc-
Z 8 y' grea
GOOV TOVAN ? HOW many words of four & KOR cess, Scorpio. Just don’t let all the
letters or more can you make o g ESO8 backslapping go to your head. Next
from the letters shown here? SS & 8 3 § time you'll have to work even harder,
mathe a Wont each er & seeos SAGITTARIUS — Nov 23/Dec 21
ite conteiniine conte iecter Sob e. An argument with someone at
and there must be at least one $8 Rie home leaves you looking for allies,
nine-letter word. No plurals. g 385 © Sagittarius. Unfortunately, no one

(©2007 by King Festuree Syndicate, inc. World rifts reserved,








TODAY’S TARGET

Good 19; very good 29;
excellent 38 (or more).
Solution tomorrow.









is taking your side this time around.
Better rethink your strategy.

CAPRICORN -— Dec 22/Jan 20
It’s time to make a drastic change in
































your life, Capricorn, Perhaps you
CRYPTIC PUZZLE should think about relocating or switch-
ee ing jobs. Your head is firmly planted on
: El FEVERS als, WV AQUARIUS - Jan 21h
ACROSS DOWN AQUARIUS - Jan 21/Feb 18
1 The odd street light (5) 2 — Container used by an ancient ae a A eee lea word You finally have the motivation to
6 — Material good when hot (5) Peruvian in outer Taiwan (3,9) tackle a laundry list of projects,
$i) le colourfid eicalantins x Ea (a Aquarius. Take one at a time or you
ellnlds ceeded alididy 3 Catherine's place, historically (6) | erudition | could get overwhelmed and want to
a gel a sens sd
10 Go furtively like a 5 — Show contempt of 17 a ete laa vast knowledge PISCES — Feb 19/Mar20
wriggling snake (5 ae Pe laitslgele| A stroke of luck finds you in a very
9 (5) ashort drink (5) el fa Pepe le ea a ; he mostly from fortunate place later in the week
11 Sign used in calibrating (5) 6 — Comforted when a good card's sold books Pisces. It’s just what you need tc -
mormon | EPL me Pane
ii Geevdace Le Sane
15 Familiar sleuth ina white coat (3) 8 Made me enter the shallow CHESS by Leonard Barden ee
TW | 2 Sema me ee ee |
5 ena 12. Ingen mao goo i] | i
pe aanee progress (3,2) Eo Ba ele laa a Alexander Tolush v Gosta Stoltz,
ee ee Pere naleselen : : ani hetthetccund Word Wey
PA meee nateoy one bushy talled (6) Peni ee several top grandmasters were d
imagines (6) 5 14 Had he a nose for conquest? (5) heavy drinkers, World saint 6
22 Afi uthful ly taken? (4 yment Alexander Alekhine died an 5
Ce ee Be aes rule Ie ote (3) EASY PUZZLE alcoholic in 1946, his last years i
24 Money, some of which 16 Supply grub in front of a pillar (5) i tarnished by claims that he had
_ eta 18 epee aah Sepa ne ee
25 How to addrass raiders, ff 19. Early carear as a young ruffian? (7) ACROSS DOWN occupation. Some Scandinavians
possibly? (4,3) 21 Regarding wrought iron, 4 Month (5) 2 -Unprincipled (6) led by Gideon Stahlberg and Stoltz ' is
6 Attain (5) 3 Invent (6) had been addicted to schnapps and abe e
fee ee eee) eee cognac since the 1930s, The success, first prize ahead of his pupil
companionable air? (5) 22 Just the drink for a railman? (6) 10 eo 5 Neen (5) ae ee pre ie Boris Spassky and another future
27 Paper spoilt by a spill of oll (5) 23 Alittle cash, less than ample fora 11 About (5) 6 Performance (7) Feroes butte wie well kinoua that on aa Poe
28 Breaks into pictures? (5) regular drink (6) 7 yell (5) 7° Revise (4) Ratmir Kholmov was such a heavy Stoltz were for today's game, but the
29 Badly it (7) 25 The last place to dump anything (5) 15 Place (3) tS oat Sehsealniged ts eben zest aaching pay of Both Sides
ir
30 Possibly fired for being French? (6) 26 _ It’s in the notes to quote from (4) i aaa 13 Middle (5) the West. Tolush was another case. inhibitions. Here White (to play) has a
31 Rattled offa kind letter (5) 28 All younced in Morse telegraphy (3) case (6) ic ons (5) Inextenuation, he was commander matt material edge, though a win
1 19 Royal (5) 16 Anxious (6) of a guards brigade during the war would be difficult after the obvious
aos are <3 ek 4 18 Acceptable (6) an mel all i won aes exchange of queens. Instead, Tolush
solutions easy solutions a 19 Told (7) te ti. aren led fy : OL forced checkmate. Can you find the
icw0ss:9, Al at once 10, A-ichok-o 12, Decl 19, Prsed | ACROSS: 8, Punchball 10, Nectarine 12, Tees 13, People 24 Pitch (3) 21 Tropical bird (6) I A Re ate Prous, Heel?
(prized) 14, Gl-A-cial 15, Chi-eftal-n 17, Off-ecreen 18, | 14, Unleash 15, Innocuaus 17, Dedicated 18, Sawdust 19, 25 Angry reply (7) 22 Find (6) well, Bucharest was his greatest LEONARD BARDEN
f F.agerari() 18 Mori d¥@ 20 Shot 23, Took C-over 25, | Gadget 20, Epic 23, Plimsolis 25, Postnatal 26, Reek 27, 26 Cold 23 Afirm (6)
ed on 26, Over 1 re-{(old)or 29, Stab-bed 32, Hol 29, Clothes $2, rlookars 84, Fratemal 35, Aquatic dish (5) 2 Gude
see 2 )- 38, Si Foil Ars Fees? Sm , Y 27 Characteristic (5) 26 Team (4)
DOW M, Hand -cap 2° Floating vole 3, Undre-am-t 4, DOWN: 1, Upstairs 2, Once In a while 3, Barefoot 4, 28 Salary (5) 28 Humour (3)
Seer Sines racsiiaina, (Peart eterna | 2 Uk
Had a Beat 22, Mid ar 23, Teo-rah 24 Very Ws | ncn 23, Prclaor P%, ergooce 25 P28 bisross | 3° Gann Chess: 8485: 1 Rxh74! Kxh7 2NIB+ Kg7 3 Qh7+
25, Car rey Flip-elde 29, Stew-a-1D-s 96, Descends | 29, Chastens 30, Splinter 31, 33, Lauds 34, Kxf8 4 QF7 mate. ;
81, Noticed $3, Id-L-es 24, Treash-y Feasts,




~~



. course Tuesday with the order of
-* a full probe.

- by Schreiber and decide if there

should be a public inquiry, say-

‘adviser to Harper’s Conservative

THE TRIBUNE

Canadian govt to

investigate former

PIM’s alleged
dealing with
businessman

@ TORONTO





CANADA'S leader ordered a
formal investigation Tuesday into
claims that a businessman who is
wanted in Germany on tax
charges made deals with former
Prime Minister Brian Mulroney,
according to Associated Press.

Mulroney has admitted he
accepted $300,000 in cash from
German businessman Karlheinz
Schreiber in a series of hotel
room meetings following his
departure from politics, but says
the money involved private busi-
ness dealings.

But Schreiber filed an affidavit
in court last week claiming that he”
discussed the $300,000 with Mul-
roney before the former prime
minister left office.

Schreiber also claims ‘in court
documents that an adviser to
Mulroney asked him to transfer
funds, in connection with Air-
Canada’s 1988 purchase of Airbus
planes, to a Mulroney aide when
Mulroney was prime minister.

Prime Minister Stephen Harp-
er said Friday he was appointing
an independent adviser to look
into the matter, but changed

Royal Canadian Mounted
Police Sgt. Nathalie Deschenes
said they will review claims made

should be a separate criminal
investigation.

Mulroney, who served as
Canada’s Conservative prime
minister from 1984 to 1993, denies
the charges and has said there

ing that a wide-ranging probe is
the only way to put the issue that
has dogged him/for years to rest.’

“T’ve done nothing wrong and
have absolutely nothing to hide,”
Mulroney said at a fundraiser
Tuesday night. “Twelve years ago
I was falsely accused. I fought and
won, :.. I’m going fight and win
again.”

Mulroney received a $2.1-mil-
lion Canadian defamation settle-
ment from the former Liberal
government after his name was
publicly mentioned in connection
with a 1995 investigation into the
sale-of Airbus jets to ‘Air Canada.

UHe élaimedqo'be the victim of
a vendetta by political rivals and
vindictive journalists.

Schreiber is facing extradition
to Germany on tax and fraud alle-
gations. Germany alleges that
Schreiber, who has dual Canadi-
an-German citizenship, avoided
paying income tax on $46 million
Canadian in commissions. The
fraud charges against him arise
from a deal for the sale of Ger-
man army tanks to Saudi Arabia.

Mulroney has been a close



government, but Harper warned ~
members of his government last
Friday not to deal with Mulroney
until the issue is resolved.
Harper’s Conservatives won a
majority of seats in the House of
Commons in 2006 after he
promised to clean up corruption
in Ottawa. The previous Liberal ’
government lost the election
because of a corruption scandal.

“CAVES. VILLAGE

sen HABER, RAWAM AG mm =











Tree which
comforted

Anne Frank

to be cut down

VIEW OF the chestnut tree
which comforted Anne Frank
while she hid from the Nazis
during World War Il, as seen
from the attic window in the
secret annex at the Anne
Frank House in Amsterdam,
Netherlands, Wednesday Nov.
14, 2007. The city of Ams-
terdam announced Tuesday
that the tree will be cut down
because it is too diseased to
be saved, but residents and
the Trees Institute are trying
to stop the cutting. The 150-
year-old tree suffers from fun-
gus and moths that have
caused more than half of its
trunk to rot.

Tr
moc,

THURSDAY, in

On,
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i . Wy) i
A

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wi

HE

i i)
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MAY JUN



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ay AN

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», 2007, PAGE 25

Peter Dejong/AP



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- * PAGE 26, THURSDAY, NOVEMBER 15, 2007 THE TRIBUNE \

_ Fishing in areas affected by San Francisco |



_ Bay oil spill halted amid health concerns —

@ SAN FRANCISCO -

FISHERMEN here are pack-
ing up and heading home after
Gov. Arnold Schwarzenegger sus-
pended all commercial and sport
fishing in areas affected by last

* week’s San Francisco Bay oil spill,
according to Associated Press.

The Bahamas Ministry of

A |

The decision likely will make
the biggest dent in the highly
anticipated commercial season

‘for Dungeness crab, which was

scheduled to start in the bay
Thursday but has now been post-
poned for at least 2 1/2 weeks
amid health concerns. ,
The delicacy, available up and
down the West Coast, is enjoyed

q

In Cooperation with

The Bahamas Hotel Association

IHENTG

Presents
The 13th Annual

both by tourists and residents
who serve crab alongside the
turkey with their Thanksgiving

‘dinner.

“Tt will set us back quite a bit,”
said Art Romine, 38, a crabber
who planned to return home to
Newport, Ore., after hearing
about the suspension Tuesday.

“We can’t be bringing in crabs

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that are possibly toxic,” he said.
“That wouldn’t be good for the
market at all. People don’t want
to buy toxic food.”

The 58,000-gallon — spill
occurred when a cargo ship suf-
fered a gash in its hull after col-
liding with the San Francisco-
Oakland Bay Bridge in heavy fog
last week. The governor promised
to investigate the cause of the spill
and the Coast Guard’s response.

The pilot of the ship said he
immediately reported the pres-
ence of oil in the water, but
cleanup crews didn’t arrive on the
scene for nearly 90 minutes. A
Coast Guard log places a skim-
ming vessel at the scene in 80
minutes.

Coast Guard officials defended
their response as “by the book,”
but concede mistakes in their
communication with the public.
Initial reports set the spill at just
140 gallons; the Coast Guard
waited hours after learning it was
much larger before notifying local
officials.

Federal prosecutors are con-
ducting a criminal probe and have
interviewed members of the crew
about the events leading up to
the crash. The harbor pilot who
was guiding the ship through the
bay toward open water has not
been subpoenaed in that investi-
gation, his lawyer said.

A day after the spill, the gov-
ernor praised the Coast Guard
for taking “immediate action.”
But speaking Tuesday,
Schwarzenegger seemed to
change course.

The oil spill was the result of
“unbelievable human failure,” he
said. “Then on top of it, it takes
that long to react to the oil spill so
by the time the next day comes
around, the oil is all over the
bay.”

Later, after a briefing by Coast
Guard officials at their command
center, Schwarzenegger side-
stepped questions about whether
he was satisfied with the agency’s
response.

“Tm not an investigator,” he
said.

He did pledge a thorough
investigation “to see also if we as
a state can do more in order to
prevent those kind of accidents.”

“Believe me, we will ask the
tough questions that need’to be



BIRDS FLY over Crissy Field East Beach, which is closed for



bs
4
oil

clean up in SanFrancisco, on Tuesday, Nov. 13, 2007. The cargo
ship Cosco Busan struck one of four supports beneath the San
Francisco-Oakland Bay Bridge's western section last week, open- .
ing a 90-foot gash in the hull that dumped 58,000 gallons into the
bay, fouling miles of coastline and killing dozens of shorebirds.

asked,” Schwarzenegger said.

At Clipper Cove on Treasure
Island, more than a dozen
cleanup workers in white Haz-
mat suits worked on their hands
and knees, painstakingly skim-
ming thin layers of sand from the
beach with hand trowels. By mid-
day, Peter Cabral of the cleanup
company Emergency Response
Group said, crews had filled
about 125 bags with oil and other
debris just from Clipper Cove.

Similar cleanup efforts contin-
ued across the region.

The start of the commercial
crab season in the area was post-
poned until Dec. 1, or until state
health and wildlife officials deem
it safe to reopen the fisheries.

Crab fishermen voted Satur-
day to ask the governor for the
postponement because of con-
cerns that crabs could be conta-
minated by ocean and bay water
used to keep the crustaceans alive
on boats after they’re harvested
from the sea floor.

Officials say it’s the first fishing . ” : :
ban stemming from an oil spill in - . -
California. There’s no evidence‘ -°

that seafood has been affected by
the spill, but officials wanted to .
prioritize the public’s safety, said
Steve Edinger, assistant chief of

the Department of Fish and _-_-

Game. ; ,
Schwarzenegger also ordered

the state Department of Public. -! .
Health to determine whether - -°

people can become sick if they
eat seafood caught in areas
impacted by the spill.

The suspension will be an eco-
nomic hardship for many fisher-
men, especially crabbers from
Oregon, Washington and Cali-
fornia’s distant North Coast. The
Bay Area crab fishery attracts
out-of-town fishermen because it _
opens two weeks earlier than ~
larger fisheries farther north. ;

“We’re going to go home’ oe
-broke,” said Jason Morford, 38, of

Newport, Ore. “We’re going to
be in the hole.”

Ee ole ie

i






THE TRIBUNE
















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PAGE 28, THURSDAY, NOVEMBER 15, 2007











te * a sUY |
a oe 3] mr fz 200 oz GAIN |

hi $2.98 a Oise LAUNDRY

i > FREE: 15 oz Island Queen Green DETERGEN

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ie 120z FANTA
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= Me ee ; Tan : . “ ences ea eats ee

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ce ’ : : . - .
IHUMOWsAYL, ,, e007, PAGE 29
























































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oY SAVE $4.00 . .

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more at great p : | Ni DART |



Lhe taal a ‘ATIONS: IM" Ga 3 a |
ma es SEAGRAPES SHOPPING CENTRE a ae .
AINNOVI507NASEP
aa 4


PAGE 30, THURSDAY, NOVEMBER 15, 2007





l@ TEHRAN, Iran

IRAN’S former senior nuclear
negotiator has been charged with
passing classified information to
foreigners, including the British
Embassy, the Iranian intelligence
minister said Wednesday, accord-
ing to the official IRNA news
agency, according to Associated
Press.

Hossein Mousavian, the top
negotiator under reformist for-
mer President Mohammad














SPECIAL GOOD NOVEMBER 15 - 28

Khatami, was briefly detained in
May, again on suspicion of espi-

onage, according to the semioffi- «

cial Fars news agency.

“He has been informed of the
charges that he has given the
British Embassy information con-

trary to the security of the coun- '

try,” IRNA quoted Intelligence
Minister Gholam Hossein
Mohseni Ejehi as saying.

There was no word on when
his trial would begin.
“From the viewpoint of the

47.6 LB BAG
q ALPO
DRY

INTERNATIONAL NEWS

Iran's ex-nuclear negotiator accused of passing classified information to British

Intelligence Ministry, he is a crim-
inal, ... This is definite and prov-
able. But the decision (on the
case) rests with the judge,” Ejehi
said, according to Fars.

On Monday, hard-line Presi-
dent Mahmoud Ahmadinejad
blasted critics of his nuclear poli-
cies as “traitors” and accused
them of spying for Lran’s enemies,
using his strongest rhetoric yet
against domestic opponents and
raising concerns of a possible
crackdown.



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SEVERAL OF the horses and other animals are re-built on the carousel in City Park in New Orleans Tues-

Alex Brandon/AP



day, Nov. 13, 2007. The carousel restoration from Hurricane Katrina cost $500,000.

Antique carousel reopens

after Katrina shutdown

@ NEW ORLEANS

THE first riders on the spirited
wooden horses might have been

boys in sailor suits and girls in:

wide-collared dresses,. accompa-
nied by mothers attired sweeping,
feathered hats and Gibson girl
dresses, according to Associated
Press.

The antique carousel in City
Park, built in 1906 and closed since
Hurricane Katrina left its painted
horses standing in water for three
weeks, reopened Tuesday with a
belated 100th birthday party.

Champagne and cake were laid

‘on for about 200 guests — major

donors who helped restore City
Park and one of the most popular

-rides in its amusement park — but
no balloons, no crepe paper, no

band.

“The star of the slow is the
carousel. The carousel speaks for
itself,” said John Hopper, chief

‘development officer for City Park.





SE hi AEE RYE SE BHR TEE

Its lion, camel, giraffe and 51
spirited horses with real horsehair
tails are in an elite company: only
about 55 other working carousels
around the country are as old.

“It’s not easy to get them to.a
hundred. A lot of them ended up
in people’s living rooms,” Bette
Largent of Spokane, Wash., presi-
dent of the National Carousel
Association, said in a telephone
interview Tuesday.

She said about 5,000 wooden
carousels were built in the first half
of the last century. Now, only 142
carry children while a band organ
translates holes on a heavy paper
roll into hooted, tooted tunes.

“A lot were lost to fire and
flood. Then collectors discovered
them and went to auction,”
Largent said.

On top of that, New Orleans’
carousel has its original band
organ, is in its original setting and
even its original building, with

“etched glass that would reflect.

“According to the U.S. Food &
Drug Administration (USDA),
Wesson Canola Oil now comes
with a qualified health claim on its
ability to reduce the risk of
coronary heart disease (CHD) due
to its unsaturated fat content.

light through the stained glass of:
the building — a light show with- - .
out electronic equipment.”

Even as late as 1988, when New.
Orleans’ was restored, about 500
original wooden carousels were: °
operating. A year later, the Nation-" -

al Register of Historic Places’ -

added City Park’s carousel and its. *
building. 2 ot
The carousel restoration cost’:
about a half-million dollars — a’ ‘
drop in the lagoon, considering: |

.
.
2

that current totals for the 1.300... -

acre park are about $43 million,.°.~ o

but still a lot of work.
That included replacing all of:
the flooring, thousands of panes

.
.
.
.

of glass and the public address sys-.. ~~

tem; adding 54 new structural piers: | :



beneath the building; repairing the® . *.°

band organ, and repainting every-. °
thing. In addition, all but the 30- :

flying horses had to be sent to a*-*

Connecticut carousel repair shop. . -

“The water wicked up in their i

hooves,” Hopper said.



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Dionisio D’Aguilar

Electronic
payment
Mikal NER ol I
Bey wr l ite.

Chamber president
says debit card

use will cut down’
on cash and cheque

transactions, reducing

crime and fraud

lm By TANEKA
THOMPSON

Tribune Staff Reporter |

tthompson@tribunemedia.net

‘THE Automated Clear-
ing House (ACH), which

. will allow consumers to pay

for goods and services elec-
tronically via debit cards
without the need for cash or

‘cheques, is expected to be

implemented by mid-2008,
the Bahamas Chamber of
Commerce’s president said

{.yesterday.... ..

Speaking ata press ‘con-
ference announcing its annu-
al Crime Prevention Semi-
nar, which is scheduled for
November 19, Dioniso
D’ Aguilar, Superwash’s
president, said this proposed
initiative was one of many
that could help crime pre-
vention. Others would be

‘outlined at the upcoming

seminar, in an effort to sig-
nificantly reduce the num-
ber of armed robberies and
employee thefts Bahamian
businesses are increasingly
experiencing.

“T have been lobbying for
the speedy implementation
of the necessary technology
that will allow as many of
our customers to pay for

goods and services that busi-

nesses sell with the swipe of
their ATM card... no cash
needed. No cash sitting
around your business tempt-
ing the robbers or your staff

. to steal it. The [money will]

simply be transferred from
the customer’s account into
your business account elec-

tronically,” the Chamber |

president said. -
Mr D’ Aguilar added that

“he will continue to lobby

Bahamian clearing banks to
implement this proposed ini-

tiative as soon as possible.

Bank of the Bahamas Inter-
national’s managing direc-
tor, Paul McWeeney, was
“leading this charge”, hav-
ing told the Chamber that

the electronic payments sys-

tem should be “up and run-
ning” by the middle of 2008,
Mr D’ Aguilar revealed.

Attempts were made to
contact Mr McWeeney, but
up to press time he could not
be reached. —

Mr D’Aguilar described
crime as “a vexing issue” for
most Bahamian businesses.

Apart from armed robbery, |
there was “the enormous

amount of employee theft
and fraud committed by cus-
tomers against our business-
es.

“These crimes are typical-
ly unrepofrted or under
reported, since the time and
effort needed to bring the
culprits before the courts
and seek some restitution is

so enormous that most busi- —

ness persons refuse, rather
frustratingly, to pursue these
matters at all.”

Companies, Mr D’ Aguilar
said, needed to learn abolut

strategies to make it as diffi-



SEE page 17B

THURSDAY, NOVEMBER 15,

air *



‘ ae <. '
2007



SECTION B ¢ business@tribunemedia.net

No ‘Oasis’ in sight |
for resort creditors

a By NEIL HARTNELL
- Tribune Business Editor

THE attorney for one of the hotel
industry pension funds yesterday urged
the Government to state its position on
the creditors still owed money by the for-
mer Royal Oasis owners, and whether it
will help them achieve a resolution to
the debts they are owed with the parties
involved in the resort’s sale.

Don Saunders, an attorney with Hals-
bury Chambers, who is representing the
Bahamas Hotel Industry Management
Pension Fund in its bid to recover
unpaid pension contributions by the
former Royal Oasis owners, ‘said his
client was still attempting to discover
whether there were any surplus assets
that could be used to settle the debt.

He added that Lehman Brothers’ pri-
vate equity arm, which became the Roy-
al Oasis de facto owner by virtue of the
mortgage it held on the property, had
not disclosed how much it had received
from the resort’s $33 million sale to

‘No cause for alarm’ on

e Attorney for hotel inchustry pension fund

urges government to state its position on
whether it will help resolve outstanding

debts

* Says fund and other creditors unsure if
surplus assets from resort’s sale and
insurance left after Lehman uses debenture
to recover $59m mortgage

Harcourt Development Company and
the recovery of insurance proceeds
related to Hurricanes Frances and
Jeanne in September 2004.

Mr Saunders disclosed that as a result
of a floating debenture it held over the
Royal Oasis and a $59 million mort-
gage, Lehman Brothers’ private equity

_ arm had taken the position that it was

’ the preferential creditor, meaning it had

first call on any assets - the insurance
and sales proceeds.

This would be used to settle the $59
million mortgage debt owed to it when
Driftwood (Freeport), the operator and
borrower of that mortgage, closed the
Royal Oasis’s doors in September 2004,
leaving more than $22 million in liabil-
ities.

Among those liabilities were unpaid —





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pension contributions to both the
Bahamas Hotel and Allied Industries
Pension Fund and Bahamas Hotel
Industry Management Pension Fund,
the debt now understood to have
reached between $4.5-$4.7 million as a
result of interest and costs stemming
from Supreme Court judgments in their
favour.

Yet Mr Saunders yesterday said nei-
ther he nor his clients had been able to
obtain from Lehman Brothers or their
Bahamian attorney, Valentine Grimes,
information on whether any surplus
assets remained to settle their debt after
the private equity fund took its share of
the sales and insurance proceeds assets.

Mr Grimes did not return The Tri-.
bune’s call seeking comment yesterday.
Caryl Lashley, of Dupuch and Turn-
quest, who is representing the Bahamas
Hotel and Allied Industries Pension
Fund, also did not return. this

SEE paral eae

Register’ pension funds )
for outward investing —

bank as ‘going concern’

{By NEIL HARTNELL

Tribune Business Editor

THERE is “no cause for ~

alarm” in the 2006 audit report’s
determination that the Bahamas

~ Development Bank (BDB) will

need further capital injections
from the. Government to survive
as “a going concern”, its chair-
man yesterday telling The Tri-
bune that the institution would
focus on adjusting its lending
practices and cost management
for long-term survival.

The 2006 external audit of the

ACh ee eebeseeeneeeeaeeeneeeees suse eneanansnesanesedeanaseenaneaes

The Bahamas
GDP growth
among lowest
in the region

fi By NEIL HARTNELL

Tribune Business Editor

THE Bahamas has one of the’

lowest projected real economic
rates for the Caribbean in 2007,
according to International Mon-
etary Fund (IMF) forecasts,
which agreed with the Central
Bank of the Bahamas gover-
nor in pegging GDP growth at

3.1 per cent.

That growth rate, though, is
well behind the 6 per cent real
GDP growth average project-
ed for the Caribbean region as a
whole, with countries such as
the Dominican Republic and

Trinidad & Tobago projected — |

to achieve economic growth of 8
per cent and 6 per cent respec-

‘tively for 2007.

Barbados and Guyana were
projected by the IMF to enjoy
growth rates of 4.2 per cent and
5.6 per cent respectively, while
the Eastern Caribbean Curren-
cy Union (ECCU) economies

- were forecast to grow by 3.6 per
_cent in 2007.

Even Haiti was projected to
grow by more than the
Bahamas, generating a 3.2 per

. cent GDP expansion, with only

Jamaica enjoying a lower
growth rate than this nation.

Kenwood Kerr, Providence
Advisors’ chief executive, said
he was unable to “pinpoint” the
reason why the Bahamas’ GDP
growth rate was lower than this
nation’s Caribbean rivals.

Saying he was “surprised”,
Mr Kerr added that Trinidad
and the Dominican Republic’s
growth rates could be explained
by the performance of the for-
mer’s oil industry, and the lat-
ter’s attraction for resort-relat-
ed foreign direct investment
inflows.

“What is happening iis that.

there are other places getting
the boost of the tourism and

_SEE page 6B

BDB, performed by accountants
Moore Stephens Butler & Tay-
lor, reported: “The liquidity posi-
tion of the bank, and the contin-
uing deficits, indicates that the
bank will require equity injection
from the Government of the
Bahamas if it is to continue asa
going concern.’

The BDB sustained a $3.331
million loss for the year to
December 31, 2006, a more than
five-fold increase on the previous
year’s $627,210 loss. At the year-
end date, it had just $47,923 in
cash on hand, and fixed assets of
$55.761 million.

‘These fixed assets were worth
just $117,105 more than the
BDB’s liabilities of $55.644 mil-
lion, some $53.148 million of
which constituted long-term debt.
Since its incorporation in 1974,
the BDB had run-up an accumu-
lated deficit of $25.741 million
through consistent losses.

Yet BDB chairman Daron
Cash, who is Doctors Hospital
Health Systems (DHHS) chief
financial officer, said any govern-
ment support for the bank might
not necessarily take the form of
straightforward capital or equity
funding.

Instead, the BDB Board and
management would ensure the
bank’s long-term survival, and
ability to carry out its mandate, by
reforming lending and opera-

* tional practices and controls, with

a focus.on supporting projects in
areas and markets targeted by the
Government.

Mr Cash explained: “The most
important thing is that the Board
is going to take immediate steps
to ensure the long-term viability
of the bank.

“We are. essentially going on
the basis that we don’t expect a

SEE page 12B

Bank of The Bahamas

INTERNATIONAL

@ By NEIL HARTNELL
Tribune Business Editor

A REGISTRATION system
for Bahamas-based pension
funds and their managers could

be established to allow them’

to invest assets outside this
nation, a leading financial

: adviser told'The Tribune, with

the Central Bank of the
Bahamas having the authority
to recall these assets should the
external reserves and banking
sector liquidity come under
heavy pressure.

Larry Gibson, vice-president
of pensions at Colonial Pen-
sions Services (Bahamas), told
The Tribune that one factor
behind the returns delivered
by Bahamas International
Securities Exchange (BISX)
listed securities and other pub-
lic stocks was the absence of a
broad range of investment
options for Bahamas-based
institutional investors.

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As a result, pension fund
managers and other institutions
were often left with little choice
but to invest in - and hold -
public company stocks, as
these often provided the best
rates of return. Yet there was

little diversity and choice inthe =<

Bahamian market.
As a-result, Mr Gibson sug-_
gested that the Bahamas adopt

x

a system used in other coun- *â„¢

tries, where registered pension
funds and pension fund man-
agers had the ability to invest a:
percentage of their assets out-
side this nation.

Describing a “lack of supply
as it relates to demand on the
investment side”, Mr Gibson

said one major factor behind
the double digit returns deliv-
ered for investors by BISX
stocks during the first 10
months of 2007 was “structur-
-al”, namely the paucity of

SEE page 3B















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PAGE 2B, THURSDAY, NOVEMBER 15, 2007

THE TRIBUNE



Why we need a small
business strategic plan

aw m By MARK A TURNQUEST

I FEEL there needs to be a
National Small Business Strategic
Plan for the Bahamas, one that sur-
vives political parties’-interference.

If the small business sector is said
to be a huge driver of the country’s
success, then the Government, pri-
vate sector and small businesses
must collaborate to make “success”
sustainable in the future. Let me
indicate how I think this strategic
national plan should be formulated.

The Government perspective.

Government organisations, such
as the Bahamas Development Bank,
BAIC and the Bahamas Entrepre-
neurial Venture Fund, must syner-
gise their efforts and focus on devel-
oping a customised package for
small business. This package should
include financial funding, business
consulting and business training
linked into one programme.

If business owners want to borrow
money and do not want to go
through basic business management
training, then do not lend them the
money. An umbrella organisation,

Special
“Time.

“Government organisations, such as the Bahamas
Dod nab Bank, BAIC and the Bahamas
Entrepreneurial Venture Fund, must synergise
their efforts and focus on developing a
customised package for small business. This

package should include financial funding,
business consulting and business training

linked into one programme.”

such as the discontinued Domestic
Investment Board, or some other
body could oversee the operation of
such a programme. Presently, gov-
ernment organisations that focus on
business development are not
strategically linked, and are not
operating at their full potential.

I think there are many capable
leaders at these organisations who
could get the job done without
political interferences.

9

— Mark A Turnquest



The Private Sector perspective

In recent years, the Bahamas
Chamber of Commerce has tremen-
dously improved its ability to assist
small business owners, providing
knowledge and avenues for them to
become more competitive from a
global perspective. Small business
owners need to use the Chamber’s
resources more.

Commercial banks, notably Com-

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monwealth Bank, FirstCaribbéan
International Bank (Bahamas), Sco-
tiabank and Royal Bank of Canada,
have indicated they are now strate-
gically focusing on small business
development in the Bahamas. This
is an excellent shift, but the banks
must fully commit to’small business
development.

My one concern is that commer-
cial banks must link business train-
ing programmes with financial fund-
ing. They should partner with busi-
ness training organisations to devel-
op their clients’ competency in how
to operate their business in an effec-
tive and efficient manner.

Adequate financial funding,
linked with business management
training, is the formula for business
success. As a result, loan payments
and other business obligations are
easily honoured.

The Small Business perspective

First of all, the small business
owner’s life plan must coincide with
the small business owner’s business
plan. Let me explain.

A small business owner must pre-
pare their life to operate a prof-



itable business. They must receive
business management training, have
separate bank and credit card
accounts, and be committed to
being honest.

Like wise, small business owners
must be prepared to operate a prof-
itable business by training their
staff, establish a mission and oper-
ate a legitimate business.

The way forward for Small
Business Development .
in the Bahamas

In order for there to be a positive
change in the small business market,

‘the Government, private and small

business sectors must align
resources and capabilities in order
to establish a National Strategic '
Plan for small business development
in the Bahamas.

The plan must be written into law
and should not be politically inter-
fered with by changing governments

NB: Mark A Turnquest is presi-
dent of the Small Business Resource
Centre of the Bahamas. He is a
business training and development
consultant —

ene:

EMEC Ea taste ini
BOA ie ee EES FRE Ie

ae
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Ne

THE TRIBUNE



@ By CARA
BRENNEN-BETHEL
Tribune Business

Reporter

SOME $1.06 million in out-
standing rent that should have
been collected from. business
tenants at the Solider Road Park
Industrial Park lay on the
Bahamas Agricultural and
Industrial Corporation’s (BAIC)
books at year-end
2003, with “no significant
effort to recover” the sums
owed/ :

Agriculture and Marine
Resources Minster,. Larry
Cartwright, told the House of
Assembly yesterday that the
total rent revenue that should
be collected from the Solider
Road Industrial Park (SRIP)

was $461,973 per annum at
occupancy level, but in 2003
total revenues collected were
only $332,765.

“Despite the addition of a col-
lections officer and a collections
assistant, there was no signifi-
cant movement or effort made
to recover the amounts,” he said,
tabling BAIC’s 2003 financial
statements.

Mr Cartwright added that
despite a suggestion to outsource
the collection efforts, nothing
appeared to happen.

In addition, BAIC’s micro

loan facility was “out of con-
trol”, with significant breaches

in documentation and overall
administration.

Mr Cartwright said obvious
infractions included:

* No files in place .

‘Register’ pension funds
for outward investing

FROM page one

domestic investment options for institutional investors.

“You have all this-money, but it’s all being channelled,” Mr
Gibson said. “You can’t really adjust your portfolio, because if you
sell something, you won’t get it back, so you’re forced to take a

long-term view.

“What needs to happen is that we really ease the pressure by
allowing registered pension funds and registered managers. If you
run into a reserves or liquidity crunch, you can call it back in.

“You register the manager, you register the fund, and let them
invest abroad, so they get higher growth, higher liquidity and
greater investment options. But if there is a disaster and you need
foreign exchange, they can be called back in.”

* No documentation for items

* No assignment of revenue
forms in place ‘

* Where they were in place,
the amounts were not'collected

* Violations of policies regard-
ing purpose and amounts.

The picture appeared slightly
less gloomy, in 2004, Mr
Cartwright said ,but much was

still left to be desired as BAIC’s -

net loss decreased from $1.614
million in 2003 to $812,596.
Mr Cartwright attributed the











While the performance of the BISX All-Share Index had matched
that of the Nasdaq’s, and exceeded the Dow Jones Industrials
index and S&P 500, Mr Gibson pointed out that the price/earnings
ratios of Bahamian public companies were below those of their US
and European counterparts.

“The lack of liquidity is holding the market back from further
advancing,” Mr Gibson said.

He added that another factor behind the Bahamian market’s per-








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Over $1m in industrial
park rent is owing

improvement to a reduction in
the administration and general

expenses from $1.055 million to .

$584,549.
He added that the improve-
ment was led by the cost con-

tainment in professional fees

from $234,000 to $20,000; travel

and entertainment decreased.

from $232,000 to $65,000; office
expenses decreased from $94,000
to $43,000; and advertising and
promotions went from $132,000
to $4000.

Mr Cartwright said that in

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THURSDAY, NOVEMBER 15, 2007, PAGE 3B

2004, accounts receivable on
rentals grew by $106,000, with
very little movement in the col-
lections of micro loans.

The impact the revenue had
on cash flows resulted in a grow-
ing bank overdraft, leading to
higher overdraft interest
charges.

- Mr Cartwright announced that
in 2002, BAIC’s total losses were
$942,943, and in 2003, losses
totaled $1.614 million. This was

a growth of $670,624 or 71 per

cent.

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PAGE 4B, THURSDAY, NOVEMBER 15, 2007
Abaco welcomes new power plant

ABACO’s flourishing busi-
ness community has welcomed
news that a new power plant is
set to open on the island by
the end of next year.

It is one of two develop-
ments announced this week
that point to the island’s bur-
geoning economy.

Miami-based Bernuth-

Bahamas Shipping Line has
begun a new freight service
from the US into Marsh Har-
bour.

And Frederick Gottlieb,
BEC’s executive chairman,
revealed during a radio call-in
that a new electricity plant will
be in operation by the end of
2008.





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An Abaco business source
told Tribune Business:
these developments indicate
that this island continues to
enjoy a booming economy.

“Business people, in partic-
ular, will welcome the news of
the power plant because out-
ages have become part of
island life. Mr Gottlieb said
there will be four new genera-

“Both ,

tors on a site - possibly at Wil-
son City - that will be designed
to take care of our power
needs for the next 50 years.”

Source

The source said businesses
had been affected in the past
by repeated outages due to
demand outstripping supply.

“We have all learned to live
with it, but if the island’s econ-
omy continues to grow, we
must have the infrastructure
to go with it.”

Bernuth’s new weekly
freight service into Marsh Har-
bour reflects growing business
between Abaco and the States.

Five shipping companies,.

including Betty K and Abaco

THE TRIBUNE

Shipping, already service the
island with regular scheduled
services.

Meanwhile, Abaco is expe-
riencing little or no downturn
in tourist business, despite eco-
nomic problems in the States.

“Tourism figures are staying
up, though they might not be
spending quite so much mon-
ey,” said the source.

‘Major fuss’ on condo project

A CONDO project funded

by a Nassau development firm
is causing
Marsh Harbour,
according to island sources.

“a major fuss” in
Abaco,

The Crossings at High Rocks

.

We currently have an
opportunity within our
Compliance team and
are looking to recruit an
enthusiastic individual.

SG Hambros Bank (Channel Islands) Limited

Develop and maintain adequate Policies and Procedures to ensure

that all Bank's activities and processes are in compliance with local
laws, regulations and the Group standard requirements;

2 Maintain registers of Complaints, Breaches, Gifts and Contacts

with Regulators;

Oversee Dormant and Inactive Accounts procedures;

Review documentation for compliance with Qualified
Intermediary (“Ql”) Rules and maintain a register of all accounts
holding US Securities for the purposes of ensuring compliance
with the Bank's obligations under it's Ql Agreement;

Liaise with internal and external Auditors (including Qualified
Intermediary Auditors) as well as Inspectors of the Central Bank
of the Bahamas and the Securities Commission of the Bahamas
in the preparation of Audit and Inspection or and coordinate

responses there to;

You should ideally hold a Law degree, and have at least 5 years’
experience in the related field; have extensive knowledge of the

tegulations applicable to the private bank and trust industry; the
Capacity to learn‘quickly and in an independent manner, have
“excellent writtenand communications skills and a keen sense

of Business awareness and strong ability to analyse and make
recommendations effectively. Working knowledge of the Spanish

language is mandatory for this position.

The position offers an attractive salary and benefits package. *

Applications should be submitted to the following address, to
arrive on or before 16 November 2007:-

Manager, Human Resources

SG Hambros Bank & Trust (Bahamas) Limited

is said to be “too big and too
high” for the waterfront site,
with certain features allegedly
not approved by town plan-
ning.

Three buildings, all three
storeys high, are being erected
on the site, much to the dis-
eust of those living in residen-










Give us a Calll.<



a



Did you receive a phone
call or letter from us?

You haven't pe us;

We would be Ws to help»
you settle your debt.

Let’s avoid any further action.

BEN-BO COLLECTION &

MANAGEMENT CO. LTD.
Phone us at 325-3603 or 326-8791

email benbocollect@hbateinet.bs

tial developments nearby.
“Marsh Harbour is having a
fit about it,” an island source
told Tribune Business yester-
day. “There is a major fuss
going on here. The proposal is
that this project will make a
40-foot extension into the sea.
People fear it will ruin the



‘beach.

“They have also built a high
wall on the road and the set-
back is only 15 feet from the
road. There is also a gatehouse
which was not apparently on
the original plan.”

The source said: “All these
things are very upsetting and a
petition was raised by proper-
ty owners who are against it.

“However, it seems this peti-
tion was never seen by the
town planning board and the -
matter is now the subject of an
appeal at Central Abaco Dis-
trict Council.”

The source said residents
were against condo develop-
ment in the area, claiming the
buildings were too big and too
high for their surroundings.

It is understood the devel-
opers are a Nassau-based legal
firm.

TS

For the stories

TT UT
ia eal
Insight Mondays



SG

Private Banking

PO Box N7789, Nassau, Bahamas
Or by email to: opportunity@sghambros.com

SOCIETE GENERALE GROUP SG Hambros Bank & Trust (Bahamas) Limited is licensed under the Banks & Trust Companies Regulation Ac



TEACHERS REAL ESTATE HOLDINGS LIMITED

NOTICE OF ANNUAL
MEETING TO SHAREHOLDERS

TIME & DATE:

The Bahamas Conference of The Methodist Church

EBENEZER METHODIST CHURCH

Established 1802 Friday, December 7, 2007 at 6:00pm '

PLACE: Teachers & Salaried Workers Co-operative Credit Union

Head Office, East Street & Independence Drive.



CHURCH STAFF POSITION FOR YOUTH WORKER
Methodist Church is seeking to employ a vibrant Christian to work with its children,
teens and young adults.

ITEMS OF BUSINESS: (1) To announce the results of the examination of proxies;

declare a quorum present and proceed to business;

(2) To receive and approve the Minutes of the last Annual
General Meeting held on December 8, 2006.

Applicants should:

+ Be personable, creative, mature and passionate about young people.
+ Possess excellent communication skills.

+ Be familiar with youth cultures and trends.

(3) To receive and consider the Chairman’s report;

(4) To receive and approve the financial statements and
the reports of the Directors and Auditors thereon;

Respouabiiues mch.de Ore on De for the ensuing year and fix their
+ Implementation and oversight of all Youth Ministry programmes. ‘
+ Planning and leading Youth Services and events.

+ Leading young persons to Christ and creating life-time disciples.

+ Building relationships between youth, congregation and the wider community.

(6) To approve the appointment of Deloitte & Touche as
the Auditor of the Company, and authorise the Directors
to fix their remuner ation; and

Bae. (7) To transact such other business as may properly come
Criteria for Employment before the meeting and any adjournment thereof.
+ A mintmum of a Bachelor's Degree from a recognized university confirmed by a certi-
fied copy of certificate.
+ Names and contacts of at least two professional references must be submitted.
_ +t Willingness to support Church's programmes.
+ Successful applicants will be expected to make a commitment to work in harmony
with Christian principles and to support the emphasis of The Bahamas Conference of
the Methodist Church of which the church is a part.



Holders of 400,000 shares of record at the close of business
on October 25, 2007 are entitled to vote at the meeting.

RECORD DATE:

FINANCIAL STATEMENTS: The Company’s audited financial statements are included
in the Company’s 2006 annual report, which is enclosed
as part of the proxy soliciting material.

MAILING DATE: The Company will cause the accompanying materials to
be delivered on November 8, 2007 to the last registered

; ; ad :
Please send Resume together with a covering letter, address

a statement of philosophy and a recent photograph to;

PROXY VOTING: It is important that your shares be represented and voted
at the meeting. You can vote your shares by appearing in
person or by completing and returning the proxy form
enclosed, You can revoke a proxy at any time prior to its
exercise at the meeting by following the instructions in

the accompanying proxy statement.

The Trust Secretary
Ebenezer Methodist Church
P.O. Box SS 6145
Nassau, Bahamas

Or fax to: (242) 393-8135, or e-mail to bemc@bahamas.net.bs By order of the Board of Directors:

October 9, 2007 Mrs Cheryl Bowe-Moss

Candidates short listed will be contacted by telephone, fax or e-mail for an interview.
Secretary

Shirley Street, Nassau Bahamas




THE TRIBUNE



Mee ee eee
Government

‘not pressing’
bonding for
Sim contracts

l@ By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

THE Government may pos-
sibly require contractors to
lodge performance bonds for
all public works contracts
worth more than. $1 million
when amendments to the Con-
tractors Bill are finally com-
pleted, although it is not an
issue the administration is
pushing currently, the minis-
ter responsible told The Tri-
bune.

“T know that this is some-
thing that the contractors are
asking for in negotiating the
amendments, and it is some-
thing that may come up, but
at the moment that is not an
initiative which I am pressing,”
Works Minister Earl Deveaux
said.

The issue of the perfor-
mance bond was raised by the
’ Bahamas Contractors Associ-
ation’s president, Stephen
Wrinkle, following a seminar
at the weekend, where Mr
Deveaux had indicated the
Government intends to adopt
a policy of requiring perfor-
mance bonds on all contracts
worth more than $1 million. ,

“That goes hand-in-hand
with the licensing. When you
have your license and are qual-
ified for $x value of work,
you'll be able to qualify for a
performance bond. When they
do activate the licensing, it will
give clients confidence in the
level of competency of the con-
tractor,” Mr-Wrinkle. said.

The BCA president said the
Goyernment’s proposed policy
for performance bonds to be
lodged by contractors on pub-
- lic works projects would com-
_plement the Bill’s intention to
licence all Bahamas-based con-
tractors in the work categories
and contract size they were
qualified for.

The Government has
released the draft Contractors
Bill for industry consultation,
and is seeking feedback by
January 1, 2008.

Contractors attending the
seminar also voiced general

The Bahamas Conference of The Methodist Church

EBENEZER METHODIST CHURCH



CHURCH STAFF POSITION FOR ADMINISTRATOR
The Business Administrator is responsible to the Church, supervised by the Pastor for
administering the business affairs of the Church.

Functions:- 1. Establish and operate a financial record keéping and operating good
bookkeeping procedures.

- 2. Prepare financial report for Financial & Budget Committee and



approval for the Government’s ”

proposal to rotate the bidding
on public works construction
contracts.

Mr Wrinkle explained that
this would mean that if a con-
tractor won a government con-
tract in the category they were
licensed and qualified for,

when another public works
contract of similar size came
up, that particular contractor
would be ‘rotated out’ of the

' bidding pool to give other

competent companies: a
chance...

Mr Wrinkle said the Min-
istry of Works wanted to insti-
tute this so that “no one person
gets a monopoly on the bids. It
was well-received.

“The big thing coming from
all Bahamian contractors was a
fair and equitable opportunity
to bid on some of this govern-
ment work. They were very
receptive to. the rotation sys-
tem.

“Once everyone is on a ley-
el playing field when they get
their licence, they [the Goy-

ernment] will be hard pressed

not to spread the work, and if
there’s a problem it will be sent
to the Contractors Board for
review.”

Behold the

THURSDAY, NOVEMBER 15, 2007, PAGE 5B

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DEC 17TH - DEC 24TH 7

DO YOU LOVE CHILDREN? ARE YOU
MATURE AND RELIABLE?



THE MALL AT MARATHON
NEEDS YOU!



The Bahamas Chamber of Commeroe invites you to attend the 3rd
Annual Grime Prevention Seminar. Featured speakers include:

APPLY IN PERSON AT
THE MALL OFFICE

Mr. Dioniso D'Aguitar, Pest har Chamber of Commerce
Sen. Hon. Elma Campbell, Minister of State for Immigration
Dr. David Allen, Psychiatrist
Mr. Carlos Reid
Rev. C-B, Moss, Executive Director, Bahamas Acaingt Gime
- Sir Burton Hall, Chief Justice of the Commonwealth of the Bahamas



Established 1802

a Senior Police Officials from the Roya ata Poe Fron
3, Purchasing Agent, processing Purchase Orders. topics:
) Robbery Prevertion, anbecene and Embezzlement
Crime Trends : ?

0 Neighborhood and Business Policing Programmes
The Role and Responsiility ofthe AttomeyGeneral Office

November 19, 2007
830 am—400 pm
Police Conference Centre, East Street Headquarters

4. Maintain records on Church Staff. Establish and maintain records of
Church properties and facilities,
5. Assist Property Board with Architect Contractors and others in build-
ing, remodeling and equipping church buildings.
6. Administer Church adope policies and procedures concerning the use
of all Church properties and facilities.
.7. Work with the Property and Congregational Boards in preparing an

Annual Budget of maintenance and equipment needs.

8. Supervise workers in the maintenance and repair of all physical proper-
ties. Establish and implement cleaning, painting, renovating schedules
including the grave yard and parking lots.

9, Supervise the operation of food services,
10. Supervise assigned office personnel,
11.Perform other duties as assigned by Pastor.

Applicant needs to possess excellence verbal and written communication and computer skills. Must
I

}

be a team player and willing to work flexible schedule.



Please send Resume together with a covering letter,
astatement of philosophy and a recent photograph to:

The Tiust Secretary
Ebenezer Methodist Church
PO. Box SS 6145
Nassau, Bahamas


PAGE 6B, THURSDAY, NOVEMBER 15, 2007

THE TRIBUNE



No ‘Oasis’ in sight for resort creditors

FROM page one

newspaper’s call, as did Kirk
Antoni of Cafferata & Co,
Harcourt’s attorney.

Mr Saunders, who ran for
the FNM in the last election
as its candidate for Golden
Getes, said the former PLP
government had openly said
it would not approve the
Royal Oasis’ sale until the
property’s outstanding debts
were settled with the credi-
tors.

But despite writing to the
Prime Minister’s Office, the
Ministry of Finance, Min-
istry of Tourism and the



NOTICE

Investments Board, Mr
Saunders said he did not
know what the FNM gov-
ernment’s position was, and
whether they would help the
creditors achieve a satisfac-
tory resolution.

“We've contacted the
Government, and the Goy-
ernment is not saying what
the position is on the credi-
tors,” Mr Saunders said. “I
want to know what the Goy-
ernment’s position is. Are
they going to ignore all oth-
et creditors, or are they
going to assist in settling this
by getting the buyer and sell-
er to come to the table and













NOTICE is hereby given that MAXIM JASMIN of JENNY
STREET, NASSAU, BAHAMAS, is applying. to the
Minister responsible for Nationality and Citizenship, for
registrationmaturalization 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 8th day of November, 2007 to the Minister
responsible for Nationality and Citizenship, P.O.Box N- 7147,
Nassau, Bahamas. >




King’s Real Estate Company Limited is a Bahamian Real
Estate and Development Company. We are currently
looking for applicants for the below positions:

CIVIL ENGINEER

Bachelor Degree or higher in the field of Civil
Engineering.

3-5 years experience in Civil Engineering and
Construction related fields.

Registered with the Bahamas Professional Engineers”
Board. 2

Experience in the design of Subdivisions, Roads,
Airports, Drainage and Water & Sewerage Systems.
Ability to use engineering software such as Auto
CAD 2004.

- Proficient in implementing site quality assurance
measures and overseeing site supervision.
Hardworking and able to handle a number,of projects
simultaneously. z

REAL ESTATE AGENT

. g7 5 years experience in the Real Estate Industry.
e Licensed with the Bahamas Real Estate Association.
° Motivated.

King’s Real Estate is a team orientated company and
potential employees should be capable of adapting to
this philosophy.

All interested candidates should e-mail there resumes to:
kingsley@kingsrealty.com



caciue International Ltd. with over 9 years of
outstanding service in destination management and
event planning is expanding and is seeking suitable
candidates for the various positions for full time
employment:

Line Cooks

Executive Pastry Chef
Sales Coordinator
Executive Chef

Executive Chef and Executive Pastry Chef:
Requirements:

Applicants must eee aiminimum of 5 - 10 years in the
culinary/ Pastry field.

A Degree from a culinary institute will be a plus

5 years minimum supervisory or managerial experience
Certified Master Chef (In specialty area)

Ability to train others

Team player.

Being able to work flexible hours a must

Computer literate

Line Cook/ Pastry Cook

Requirements :

2 years minimum in the culinary field
BHTC training a plus

Must be able to work shifts

Sales Executive- Food Art by Cacique International

Minimum of an Associates degree in business
Minimum 3 years experience in sales or customer relations
‘Computer literate

Remuneration:

Excellent benefits package inclusive of health
insurance.

Salary to commensurate with experience

Interested please should submit resumes to the
following addresses on or before November 16 2007:

Director of Human Resources
P.O. Box N-4941
Nassau, Bahamas

Or email: jbeneby@caciqueintl.com

Fax: 242377-7720



say this is what the position
is going forward.”

He added that he and his
client were not aware of the
Lehman Brothers debenture
until an audit for examina-

tion was conducted on
Driftwood (Freeport’s)
books,

Mr Saunders said: “They
simply have the debenture,
and as. such Lehman have a
preference over our judg-
ment.

“The judgment still exists,
and while the debenture may
take precedence over us in
terms of the,creditors, it
should at least have driven
Lehman Brothers to come

to the table with us
before they sold it [the
resort].”

The judgments secured by
the hotel industry pension

funds could yet be signifi-
cant, though, since as they
established a lien*over the
property, they could effec-
tively prohibit Harcourt
from taking possession of
the resort properties.

The judgments require
that all outstanding contri-
butions to the two pension
funds, which provide retire-
ment benefits for all hotel
industry employees, plus
interest and costs, be paid to
them. 5

Sources told The Tribune
that the owed pension con-
tributions were vital to both
funds, because even though
they may not have been paid
on behalf of Royal Oasis
employees, the trustees for
both pension funds had tak-
en the decision to pay bene-
fits to those eligible for them

even though the hotel had
been closed from September
2004 to the present.

The Bahamas Hotel Indus-
try Management Pension
Fund initially secured judg-
ments totalling $1.826 mil-
lion against the five Royal
Oasis companies that existed
when Driftwood (Freeport)
closed the resort owing more
than $22 million in total
debts.

The five companies were
Caribbean Utility Company,
Sunrise Property Ltd, which
traded as Crowne Plaza at
Royal Oasis, DVI Country
Club, trading as Vacation
Club at Bahamia, Holiday
Inn Sunspree at
Bahamia, and Bahamia Casi-
no Ltd.

When Driftwood
(Freeport) and the Royal

Oasis failed to pay the sums
ordered by the judgments,
the pension funds served
writs on them via the
Provost Marshall © of
Freeport’s Supreme Court,
even photographing the sign
that was attached to the
building announcing the
seizure of goods and prop-
erty to make good the
debts. eH

The liens mean the judg-
ments have to be settled
before Harcourt Develop-
ments can take possession of
the Royal Oasis once thé
deal with Lehman Brothers
is completed.

It is understood that Har-
court’s position is that this
is matter for Lehman Broth-
ers to settle, and that it has
nothing to do with the buy-
er.

FROM page one

foreign direct investment inflows, places
further south,” Mr Kerr said. Nations such
as Barbados, he added, might also be get-
ting the benefit of tourists from Canada
and Europe.

The previous administration had said
there was some $18-$21 billion worth of
foreign direct investment in the pipeline to
flow into the Bahamas, and while the new
government was within its rights to “audit”
them, foreign direct investment inflows into
the Bahamas had only totalled about $376
million year-to-date.

Mr Kerr questioned whether foreign
direct investment inflows into the Bahamas
were “stuck in the pipeline”.

“It’s not how much is stuck in the
pipeline, it’s how, much you get out. Turn
the revenues on and let them flow,” Mr
Kerr said.

The IMF’s growth projections for 2008
were more rosy as far as the Bahamas was
concerned, pegging GDP expansion at 4
per cent, ahead of Barbados, Jamaica and
the ECCU states.

This nation’s projected inflation rate of
2.6 per cent for 2007 was also among the

The Bahamas GDP growth
among lowest in the region

lowest for the sample of Caribbean coun-
tries looked at. ;

The IMF report also noted that the
Bahamas and other Caribbean governments
had focused on tax incentives and conces-
sions to attract foreign direct investment,
and suggested that this nation and others
would be better off focusing on improving
the quality of infrastructure and institutions
to perform this role.

The IMF said tax incentives had not pre-
vented the Caribbean’s share of global for-
eign direct investment from stagnating,
although it had increased in absolute terms.
The smaller ECCU states were also the
largest recipients of foreign direct invest-
ment when measured against GDP.

“Foreign direct investment in. the
Caribbean is sensitive to tax policy, but
only to.a limited extent. Other factors such
as institutional quality, infrastructure devel-
opment, governance, openness and foreign
direct investment restrictions are at least
as important,” the IMF said.

SAS

“Notably, foreign direct investment incen-
tives do not appear to have a significant
effect on foreign direct investment inflows
in a large developing country sample,
although they matter in a sample of just
Carib bean.countries.” :

The IMF warned that tariff incentives
could be costly, eroding the tax base, dis-
torting resource allocation, increasing the
administrative burden, and “creating oppor-
tunities for rent seeking”.

As a result, the IMF suggested that
Caribbean nations “consider reducing the
scope of tax incentives”, as focusing on
infrastructure and-institutions as opposed to
tax incentives could “on a net basis, improve
the prospects for attracting investment”.

Mr Kerr said the Bahamas needed to be
“in a better negotiating position” when talk-
ing to foreign investors, making sure their
projects were real and that minimal tax
incentives were given up, because
otherwise “we end up supporting these pro-
jects”... :

Sk A eS



NOTICE

Mrs. Carol D. Misiewicz -
(Munnings)

is pleased to:announce
the opening of her law chambers: ..:

<4

WUSMCUNCA

COUNSEL AND ATTORN EY°A] P LAW
NOTARY PUBLIC"



Suite No. 7 Grosvenor Close
Grosvenor Close and Shirley Street
P.O. Box SS-5467

Nassau, Bahamas

Tel. 328-0396: Fax. 328-1388
WwWww.misiewiczlaw.com

E-mail: carol.misiewiczZ@ gmail.com

X\
xs

Baker's Bay

GOLF & OCEAN CLUB

Great Guana Cay, Abaco
The Bahamas

EMPLOYMENT OPPORTUNITY

You are invited to apply for the following position currently available.





| Executive Chef



Key Responsibilities

Vv Establish culinary standard
YÂ¥ Create menus and recipes for high-end and casual dining to include
‘international and Bahamian cuisine

Maintain food safety standard

Recruit and train culinary team

Manage and develop culinary team

Control food cost

Determine market list and vendors

Design special events

Qualifications

Y Bachelor's degree in Culinary Arts or related subject; professional
certifications

Â¥ Minimum ten (10) years experience at a five-star club, resort or restaurant
with at least three (3) years international or off-shore experience.

V Must be innovative, demonstrate strong leadership and culinary skills,
must be able to train others and execute ideas and standards,

The successful candidate will have the opportunity to work in a growing and
dynamic organization and must be a self-starter, team player, work at the highest
standards of performance, and meet deadlines.

If you are progressive and prepared to advance your career, submit your resume

to the attention of the Director of HR & Training, sbowe@bakersbayciub.com or
by fax at 242-367-0804.

“Becoming the Employer of Choice in The Bahamas!”








LAS TIENDAS '

Your friendly little jewelry store thru the International Bazaar, downtown, ~ -
invites you to our sees ie ; ‘

ANNUAL CHRISTMAS SALE

Noy. 16 thru Noy. 23 you get 25% discount
Noy. 24 thru Nov. 30 you get 20% discount








Then 15% discount will continue thru the month of December _ :
(Lay-aways get 15% discount) at gilt >

Mens’ gold rings from $80...... Ladies’ gold rings from $32
Babies’ gold rings from $20 ...... Gold Handchains from $35
Gold anklets from $37 ..... Gold earrings from $13
~ Gold charms from $10 ..... Gold chains from $35
Let Angie, Eleanor and Ricky help you make your selection Free Giftwraping
LAS TIENDAS
‘ International Bazaar, Bay St. Tel. 325-3333

ShHHdAW\isWwAAM\§ WW’ 2A|}‘}.P7 A W.WWWHWH

BMTTAS PRESENTS
SATURDAY SITTING SERVICES

Hours 9am-6pm/ Ages 5 thru 13 Only $12.00 for the Day!
For more information please call 323-8280
New Facilities WILL take 25 males 25 females!
Sign up early Please pack lunch-Snacks on
Sale Huge FUN DAY!

“While U Shop they will Play”

A leading global, research-based pharmaceutical company
seeks qualified persons for the following position:

Medical Sales Representative

The medical rep will be responsible for promoting
pharmaceutical brands within the healthcare community in
The Bahamas.

Skills & Educational Requirements:

/ Bachelor’ degree in medical science, allied health, or
business management

/ Effective communication and presentation abilities
Jv Proficiency in time management, planning and organizing
/ Computer literate

Jv Self-motivated team player

v Previous experience in pharmaceutical detailing would be
an asset 5

Candidates should possess a reliable motor vehicle, be willing
to travel to the family islands, to the U.S., and other foreign
countries.

Please send résumés by December 7th to:

Medical Rep
Lowe's Wholesale Drug Agencies
P.O, Box N-7504
Nassau, Bahamas
or FAX: 393-0440

We thank all applicants for their interest, however;
only short-listed candidates will be contacted.


oh

THE TRIBUNE

ee
Fed opens up to public scrutiny

§ By JEANNINE AVERSA
AP Economics Writer

WASHINGTON (AP) —
Federal Reserve Chairman Ben
Bernanke moved: Wednesday
to break down even further the
aura of secrecy that historically
has enshrouded the institution
that sets interest rates, taking
steps to keep Main Street and
Wall Street more closely wired
to decisions that can make or
break lives and businesses.

In the job since February
2006, Bernanke said in his
announcement that the time has
come for the Fed to tell the
country four times a year — not
twice — what its projections are
for the health of the economy.
And when it gives that forecast,
it will say what it thinks the
business environment will be

for the following three years —

not two.

These forecasts — a kind of
Fed report card to consumers
and businesses — will state the
expected pace of economic
growth, the anticipated unem-
ployment rate and whatever
policymakers can divine about
inflation. However, the Fed also
will say expressly — and in
unprecedented detail — what
the thinking of the policymakers
was on a given issue and will
furnish more details about
whatever risks are in play.

Bernanke called the changes
an “important advance” in the
Fed’s communications strategy.

The first expanded set of
reconfigured projections will be
released Tuesday at the same
time the Fed turns loose to the
public the minutes of the poli-



“VACANCY

ISG

cymakers’ October meeting.

The announcement marked
the biggest move yet by
Bernanke to put his imprint on
the Fed after succeeding the
venerable Chairman Alan
Greenspan. One Bernanke
mark — given a punctuation
point Wednesday — has been
his stated desire to make the
Fed a more open institution.
Greenspan made progress on
that front in his 18 1/2 years,
but Bernanke has sought to kick
open the door even further, pro-
viding investors, businesses and
individuals with more insights
into the thinking of Fed policy-
makers.

Doing that, said Bernanke,
helps the Fed do its job — keep-
ing the economy and inflation
on an even keel.

Improving the public’s under-
standing of the Fed’s, objectives
and strategies reduces uncer-
tainty, allowing businesses and
people to make more informed
financial decisions, Bernanke
explained. If investors have a
better understanding of how
Fed policy is likely to respond
to incoming information, stock
prices and bond yields will tend
to respond to economic data in
ways that further the central
bank’s objectives, he added.

“The changes will provide a
more timely insight into the
(Fed’s) outlook, will help house-
holds and businesses better
understand and anticipate how
our policy decisions respond to
incoming information and will
enhance our accountability for
the decisions we make,” the Fed
chief said in a speech to a con-
ference on monetary policy held

SECRETARY II-AUDIT






Gaming Board.
















e good analytical skills,

° supervisory experience,

skills.

a plus.

expereince.

Bahamas.




Applications are invited from suitably qualified
persons for appointment to the post of Assistant Sec-
retary II in the Audit Department of The Bahamas

Requiremnts for the position:-
¢ a Bachelor of Science Degree in Accounting,

° at least five(5) years of aduit experience,

° proficiency in Microsoft Office XP, with particular

emphasis on Excel and Access,

e a knowledge of reconciliation, familiarity with the
Accounting and Interanl Controls Regulations,

|| ¢ ability to work under pressure to meet deadlines
° a good communication, writing and leadership

l| © at least ten (10) years gaming experience would be
Salary will commersurate with qualifications and

Please submit resume and copies of all academic
certificates to Manager, Administration & Personnel,
Bahamas Gaming Board, P.O. Box N-4565, Nassau,

Deadline for submission should be no later than
Friday, November 23, 2007.












A. G. Electric Company Ltd.

Licensed Electrical Contractors, Sales and Service

is looking to hire an Electrical Salesperson.
Interested applicants should be high school
graduates, computer literate, personable,
reliable and possess a sound work ethic.
Previous experience an asset.

No telephone calls please.

Resumes should be faxed to:

242-393-3760



THURSDAY, NOVEMBER 15, 2007, PAGE 7B

at the Cato Institute.

Fielding questions after his
speech, Bernanke stressed that
he is especially interested in get-
ting feedback from investors,
companies and members of the
public on the Fed’s communi-
cations changes. “We’ll consid-
er all suggestions as we go for-
ward,” he said.

In 2008, the expanded pro-
jections will be published in the
minutes released aftér the Fed’s
meeting on interest rates. The
forecasts will be included in the
minutes of the Fed meetings
scheduled for January, April,
June and October, Bernanke

said. The projections will con-

tinue to be described in the
Fed’s twice a year economic
report to Congress, he said.

In his speech and in brief
remarks afterward, Bernanke
did not discuss the future course
of interest rates. The Fed in late
October sliced a key interest
rate to 4.50 percent. It marked
the second cut in six weeks to
help the economy survive the
strains of a severe housing
slump and a credit crunch. At
that meeting, Bernanke and his
colleagues hinted that those two
rates cut may be all that is need-
ed to keep the economic expan-
sion intact, although some
investors and economists are
still looking for another rate cut
at the next meeting, on Dec. 11.
























required.

Vacancy
Announcement

Blue Shark Golf Course is currently
accepting applications for the position of

EXECUTIVE CHEF/
RESTAURANT MANAGER

Applicants should have a minimum of an
Associate degree in Management and a
Chef Certificate from an accredited Culinary
Institute locally in the Bahamas or in the
USA or Canada along with 3 years expeeri-
ence as a Chef and Manager.

Specific experience with an upscale restau-
rant in cooking, menu preparations, devel-
opment and design for American, Canadian
and European tourists, the highest interna-
tional service stanards, proper health and
cleanliness practices, meal presentation,
purchasing and stocking of products and
supplies. Knowledge of golf course res-
taurant service and food preparation is a
must. Leadership and supervisory skills are

To apply call 424-6932

At the time of Bernanke’s
speech, a separate statement
outlining the changes was
released by the Federal Open
Market Committee, the Fed’s
chief policymaking group.

As part of the Fed’s effort to
provide more economic infor-
mation, policymakers will make
forecasts of both overall infla-
tion — which affects and is
closely watched by consumers
— as well as “core” inflation,
which excludes food and energy
prices, Bernanke said. Adding a
projection on overall inflation,
which covers a wide variety of
goods and services, is especially
important to consumers as they
make financial decisions, pre-
pare household budgets and
plan for the future.

“Ultimately, households and
businesses care about the over-
all, or headline, rate of: infla-
tion,” Bernanke said.

Greater insights into Fed pol-
icymakers’ thinking also will be
revealed with the expanded
projections, Bernanke said.

“Accompanying the numeri-
cal projections will be a discus-
sion — a projections narrative if
you will — that summarizes par-
ticipants’ views of the major
forces shaping the outlook, dis-
cusses the sources of risk to that
outlook and describes the dis-
persion of views among policy-
makers,” he said.








position
available

The Cove @ Atlantis Resorts
Registered Nurse — Full Time

Responsibilities:

e Provide primary and minor emergency medical

care

e Administration of medication, oxygen,
intravenous fluids as indicated and outlined in the

clinical Protocol Manual

@ Provide accurate and comprehensive medical

reports as required

Requirements:

e Holder of current Bahamian licence

e Must have at least three years experience post
graduation

@ have current BLS & ALS Certification

e Must be responsible, have good communication
skills and independent.

CV should be sent via

THE
MEDICLINIC

e-mail to mary.epcotmedical

@coralwave.com by
November 31%, 2007.


























Aaah

NOTICE |

The following persons are asked to contact

CARIBBEAN WAREHOUSE &
STORAGE LTD.

in reference to items left in storage.





Carla Edwards
Jerome Nottage
Tieora Lavarity

Wilfred Kelly
Bahamia Brides
Dahlia Turnquest






Contact our office by:
November 23rd, 2007

Tel. 325-7522

NOTICE

To: Ali Members of The Public Workers’
Co-operative Credit Union Limited

Dividend/Christmas
Savings Distributions
Dividend
Distribution











Surnames Dates



A-F ‘November 19 - November 23, 2007

N-Z November 26 - November 30, 2007

G-M

December 3 - December 7, 2007

Thereafter, dividend cheques will be distributed
until January 25, 2008




Distribution of Christmas. Savings cheques {|
begins Monday Deceribér 3,:2007

Little Switzerland is a company with over 50 years of E
experience in luxury. retailing with over 25 stores in The
Caribbean and Florida. If you want a career with prospects
and have what it takes to repair fine Swiss watches we

| have an immediate an opening for the following position:

Watch Maker —Breitling Boutique/ Nassau

This position is a key component of our operation.
and ‘our commitment to exceed our customer’s expectations
The successful candidate will be a Certified Watch Maker.
Must have completed factory training and certification by
BREITLING, WOSTEP and, or a compatible Swiss Watch
Brand_ or Association.

The following attributes are Vas

1. Attention to details and the ability to produce
~ high quality work in areas of follow up. and direct

reporting. —

2. Good working knowledge of Microsoft Office
applications, and emails.

3. Strong communication skills and ability to work
well with colleagues.

4. Good oral and writing comprehension of the
English Language.

RT eT LORNA) OLR UL

¢ Maintaining a high quality, precise afier sales
service for the repair of watches.
Perform timely and consistent repairs of watches in
accordance with established industry standards and
procedures.
Effectively communicate the needs and take the
lead in the direction of the after sales service centre.
Implement effective inventory controls that would
facilitate the timely reordering of watch parts and
components and maintain compliance with Internal
Audit si adards.

To apply, please e-mail or fax your resume with a
cover letter to:

Watch Maker Position in Nassau:
E-Mail: wearey@littleswitzerland.com
Bax: (242) 356-9860
Attn: Wiltliain Carey



2




PAGE 8B, THURSDAY, NOVEMBER 15, 2007

THE TRIBUNE

INVESTMENT OPPORTUNITY





NEW PROVIDENCE

LOT No. 21B FRASER ALLOTMENT
OFF SOLDIER ROAD . Appraisal: $258,000.00

The subject property
; con-sisting of 8,400
square feet is
developed with a
split leveled home
with 925 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. completed in its entirety. The
ground floor comprises 2 bedrooms, 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 Appraisal: $300,000.00

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.

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
structure comprising 6,000

feet 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.

PSPSSHSSSSHOSHSSOHSOOLHSHVSSHOOROD

No. 43 JACARANDA ESTATES

SUBDIVISION Appraisal: $1,193,464.20

All that lot of land having an
area of 12,149 square feet being
lot #43 of Jacaranda Subdivision
._ in the Western District of the
Iistand of New Providence.
Located on the subject property
is a split leveled = structure
comprising approximately 6,513
square feet of living space with
me a double car garage and a
m basement. The residence
= comprises five bedrooms, four
and a half bathrooms, study,
\ -_ basement/bedroom, utility room,
recreation area, living, dining, family rooms and kitchen. The property has
an incomplete swimming pool. The residence is 88% complete.
i Location: Take JFK Drive heading towards Lynden Pindling Airport, go
past airport to roundabout at Old Fort Bay area. Proceed towards Lyford
Cay, as you pass the roundabout, Subdivision will be on the left hand side
of the road. Proceed through the gate at the sign Jacaranda to the T-
junction, turn right and proceed around the bend. Subject will be on the
left hand side of the street.





SOCHOHOOTHOCHHOOBHOHSSCEHOOTOOOROOROO

357 WINTON MEADOWS

Appraisal: $203,391.20

All. that lot. of land having an
area of approximately 9,466
square feet, being lot #357, of
a the subdivision known as Winton
Meadows in the Eastern District
of the Island of New Providence.
Located on the said property is a
seven-year-old single family
residence of approximately
2,149.4 square feet of enclosed
living space with three

bedrooms, two and a half bathrooms, living and dining rooms and kitchen.



Directions: Travelling South on Fox Hill Road, turn East on Yamacraw Hill
Road, continue East to the fourth corner on the left (Winton Heights).
Take the first corner on the left, subject property is the third on the right,
painted light gray. ;

FREEPORT

FAIRWAY MANOR CONDOMINIUM Appraisal: $73,000.00






Apartment 402, 2 bedrooms, 2 bathrooms.
Lot 4, Block GN, Edward Birch Curt, Bahamian North



‘FREEPORT

LOT No. 20, BLOCK 1, UNIT 3
FORTUNE POINT SUBDIVISION Appraisal: $38,000.00

All that lot of vacant land having an area of 12,650 sq. ft. being lot No.
20, Block 1 Unit 3 of the Subdivision known and designated as Fortune
Point Subdivision, Freeport, Grand Bahama. Duplex property zoning with
a rectangle shape.





LINCOLN GREEN, CANEBY CLOSE Appraisal: $38,500.00
Unit 5, Block 17, Lot #48 — Single family residence, Clearwater Close.
Located on fresh water canal. Approximately 17,404 sq. ft.

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-
old three bedroom, two
bathroom, living, dining,

kitchen and laundry room house. The structure
attention.

requires much

PAHOHSSHOSCHOHRHSESOCHOSOSCHSOCESSOHSOHEOA

EXUMA Appraisal: $170,000.00

DUPLEX IN LOT 6625
BAHAMA SOUND No. 8, EAST, EXUMA

TYrapezium shaped lot 35
ft. above sea ievel
comprising 10,000 sq. ft.
Situated thereon is a 10-
| year-old. single storey

duplex, 2 bed, 1 bath,

tc oo diving/dining
(Building is in need of

repairs).

_ ESTES SEES OOH ESTASSE ER HRB O REO ES

EXUMA Appraisal: $673,075.00

CASTELRAG ESTATES, LOTS 129 & 130
EXUMA HARBOUR SUBDIVISION

The subject property is located
on Kingway Road and is
developed with an area of
20,000 square feet. Situated
thereon 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
bath guest cottage of 600
square feet. The property is









icket fencing and has a Gazebo at the highest portion

fenced with white p
of the property.

PARCEL OF LAND, PALMETTO POINT
ELEUTHERA Appraisal: $112,105.00

All that piece, parcel or lot of land 2,743 feet East of the junction of the
Paimetto Point road and main Eleuthera Highway containing 2.45 acres.
This site encompasses a 28-year-old single storey concrete structure of
approximately 832 square feet of enclosed floor space inclusive of shop
space and rest room facilities.









TO VIEW PROPERTIES GO TO:

www.stopnshopbahamas.com
Click on “Real Estate Mall”
Click on Doorway

“Enter Online Store”

For conditions of sale and Py miele
contact:






HARRY COLLIE @ 502-3034
E-mail 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
or stopnshopbahamas.com
THE TRIBUNE



MUST SELL



INUMSVAY, NUVENVIBEM 15, ZUU/, FAG yp

INVESTMENT OPPORTUNITY

TRIBUNE,
November 15, 2007

— MISCELLANEOUS PROPERTIES ) cee

Eleuthera Island Shores
Subdivision LOT NO. 1,
-BLOCK NO. 45,
ELEUTHERA ISLAND SHORES

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
Shores Subdivision, situated in the vicinity
of Hatchet Bay Harbour, on the island of
—— - j ' ~ Eleuthera, one of the islands of the
Commonwealth of The Bahams. This site encompasses a two storey building which is approximately
14 yrs old and is abandoned. There is a wooden landing approximately 7’-4” wide by 20’-0” on the
upper level, approximately 1,610 sq. ft. of enclosed living space, with 3-bedrooms, 2-bathrooms,
front. room, dining room, den, kitchen, and utility room. The wooden porch on the upper level is
approximately 148sq. ft. There is also a water cistern under the dining room floor area. All utilities

and services available. °
Appraisal: $151,007.0
This property is situated in Eleuthera Island Shores.



SS

Must Sell Lot No. 597
Gardens

All that lot of land having an area of 3,200 sq ft, being
lot 597 Melvern Road of the subdivision known as
Yellow Elder Gardens, the said subdivision is situated
in the southern district of New Providence Bahamas.
This property is comprised of a 26 yr old single famly
residence consisting of approximately 1,510 sq.
of enclosed living space, with 3-bedrooms including
master bedroom, 2-bathrooms, living/dining room,
kitchen and utility.room. The residence also consists
of a front porch and two patios.



The land is on a grade and level; however the site appears to be sufficiently elevated to disallow the possibility
of flooding aut annual heavy rainy periods. The grounds are fairly kept, with improvements including
driveway and walkway. The yard is enclosed with chain linked fencing.

. Appraisal: $133,395.00
Traveling west along Melvern Road from the sport center road, follow the road to the left. the Sues
property is the 5th property left situated between Zris Court and Richie Court, painted White trimmed yellow.



LOT NO. 2 MORIGOLD FARM
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.

Appraisal: $197,107.60
Take Joe Farrington Road heading east, turn onto Marigold Farm Road go pass Marigold Farms, then turn right onto
Lumumba Lane, go almost to the middle of the corner and the subject property is about the eight house on the right
hand side of the road. ’



. 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
ft, plus 50 x 22 ft., 2,920 sq. ft., the interior
walls are concrete blocks, ceiling is sheet rock
and the floors of vinyl tiles.

Appraisal: $265,225.00





LOT NO. 1 WESTERN SHORES

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,
utility room, porch and enclosed garage with electronic door. The land appears to be sufficiently
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: $753,570.00

Traveling west on West Bay Street. Go pass Orange Hill and Indigo Subdivisions, the house is



~HAMILTON’S, LONG
ISLAND

All that piece parcel or lot of land and
improvements situated in the settlement
of Hamilton's in the Island of Long Island,
and comprising of approximately 13,547 |
sq. ft. and is elevated approximately 7-8
ft above sea level. This site encompasses
a 35yr structure. A simple style home consisting of two bedrooms, one bathroom,
kitchen, living and dining room. the home however is consisted of 2 separate
constructions; 613.60 sq. ft of concrete construction and 624 sq. ft of wooden
construction all amenities are to the property such as electricity, water, cable and

telephone.
Appraisal: $112,000.00.



located on the left near Tusculum Subdivision and painted all white. 4 ae :
The property is accessed by the main Queen's Highway.

VACANT PROPERTIES

Investment Opportunity - Must Sell

Lot No. 20, Block 1 unit 3 Fortune Point Subdivision all that lot of vacant land having an area of 12,650 sq ft, being Lot No.20 block 1 unit 3 of the subdivision known and designated
as fortune point subdivision Freeport, Grand Bahama.. duplex property zoning with a rectangle shape.

Appraisal: $38,000.00



| 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 PL.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. we,



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
50ft and because of this there is. no danger of flooding. The area is approximately 80% developed with all utilities and services available. re

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”

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

OMe OE UCM mCieluneulel ae
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”

—
PAGE 10B, THURSDAY, NOVEMBER 15, 2007 THE TRIBI












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Grandma, 12 0z. .
Molasses..............$3.59 | Cut Yams................








Zante Currants......$3.49.

Shurfine, 10 oz.
Red Cherries Le eran $2.69 |

Ralains.........$3.89

c 4) Shurfine, 16 oz.
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THE TRIBUNE

THURSDAY, NOVEMBER 15, 2007, PAGE 11B



ee ee ea a
Consumer confidence
holds back retail sales

@ By MARTIN
CRUTSINGER
AP Economics Writer

WASHINGTON (AP) —
Retail sales managed a small
increase in October as con-
sumers struggled with falling
confidence caused by a steep

' slump in housing and tighter

credit conditions.
_ The Commerce Department
reported Wednesday that retail

‘sales edged up 0.2 per cent in

October, compared to the pre-
vious month. It was the weak-
est showing since a 0.1 per cent
rise in August and represented
a significant slowdown from a
0.7 per cent jump in September
sales.

In a separate report, the
Labour Department said infla-
tion at the wholesale level rose
a slight 0.1 per cent in October,
far below the 1.1 per cent surge
in September. The improve-
ment reflected the fact that
energy prices fell by 0.8 per
cent last month after having
soared by 4.1 per cent in Sep-
tember. However, that benign
outcome is expected to be
short-lived, given that crude
oil costs have soared in recent
days, trading briefly above $98

‘ per barrel last week.

Economic

In other economic news, the
government said that busi-
nesses increased their inven-
tories held on shelves and
backlots by 0.4 per cent in Sep-
tember, the largest gain since a
0.5 per cent rise in July. Inven-
tories had risen by a solid 0.3
per cent in August.

The inventory increase was
in line with expectations and
supported the view that
restocking bolstered economic
growth in the July-September
quarter. However, those gains
are expected to fade in com-
ing months if business confi-
dence falters in the face of
weaker consumer demand. ~

The inflation report showed
that food costs continued to
surge in October, rising by one
per cent, after an even bigger
1.5 per cent September gain.

Core wholesale inflation,
which excludes food and ener-
gy, was well-contained last
month, showing no change
after a tiny 0.1 per cent gain
in September.

Weakness

The weakness in retail sales
last month reflected a 0.5 per
cent drop in sales at depart-
ment stores, where merchants
were hurt by a wamer-than-

normal October which
depressed sales of winter cloth-
ing.

Retailers are facing bleak
prospects for Christmas with
consumer confidence plunging
in the face of soaring gasoline
prices, slumping home sales
and tougher lending standards
being imposed by financial
institutions in the wake of a
serious credit crunch.

Analysts attributed much of
the small October gain in retail
sales to higher prices for gaso-
line and food rather than an
actual increase in demand.

Tan Shepherdson, chief US
analyst at High Frequency
Economics, said core retail
sales have risen over the past
three months at the slowest
annualized rate in five years,
since the time the country was
struggling to emerge from the
last recession.

He predicted this weakness
would intensify.

“We expect a further deteri-
oration as consumers cut back
in the face of soaring gas
prices, falling stock prices and
the continued disaster in hous-
ing,” Shepherdson said. “The
holiday season will be terri-
ble.”

Consumer spending is close-
ly watched since it accounts for
two-thirds of total economic
activity. The overall economy

THROW PILLOV

is expected to slow dramati-
cally in the current quarter and
the first three months of next
year, a period which many
economists see as the maxi-
mum danger period for a pos-
sible recession.

Analysts believe that .over-
all economic growth will slow
to around 1.5 per cent at an
annual rate in the final three
months of this year, down from
a 3.9 per cent rise in the July-
September quarter, as the
housing slump continues to

_ exert a toll on the economy.

Federal Reserve Chairman
Ben Bernanke told the con-
gressional Joint Economic
Committee last week that the
Fed was looking for a signifi-
cant slowdown in coming
months due to a longer-than-
expected housing slump. But
he said economic growth
should rebound by mid-2008.

Rise
The small 0.1 per cent rise
in overall prices was better
than the 0.3 per cent gain that
economists had expected. The
government will report on con-

sumer inflation on Thursday
and the expectation is that the

teport will show prices rising

by 0.3 per cent in October,
matching the September gain.

The 0.2 per cent rise in retail
sales in October was right in
line with expectations.

In addition to the big drop in
department store sales, sales
at furniture stores were down a
hefty 0.9 per cent after an even
bigger 1.3 per cent drop in Sep-
tember. Sales of furniture and
other housing-related items
have been severely hurt by the
slump in home sales.

Auto sales rose by 0.2 per
cent in October following a 1.8
per cent rise in September. But
analysts expect domestic
automakers to continue to bat-
tle with slumping demand
because of surging Basoune
prices.

WINDOW CURTAINS
~ KITCHEN GURTAINS

IMPERIAL SHEET SETS ‘
LADY SANDRA COMFORTER SETS

SALE STARTS
MONDAY NOVEMBER 12TH - SATURDAY NOVEMBER 17TH
LOCATED: HARBOUR BAY SHOPPING CENTER

PH: 393-4440 OR 393-4448


PAGE 12B, THURSDAY, NOVEMBER 15, 2007

FROM page one .

substantial equity injection as a
means of the bank’s survival.

THE TRIBUNE

‘No cause for alarm’ on bank as ‘going concern’

“That i is where an equity injec-

That is to Say the bank will be + ‘ty tion:or funding from the Gov-

restructuring its own lending and *
operational practices to ensure
itis employing the best and most
efficient techniques to deliver
the best management practices.

“With respect to the Govern-
ment of the Bahamas, the sup-
port being looked for is not nec:
essarily to ensure the survival of
the bank, but proper funding of
projects the Government wants
to support.”

Mr Cash added: “We, from the
Board’s perspective, fully under-
stand that there are’ some inter-
nal adjustments that can be made
to improve the bank’s loan per-
formance, but as we look to the
future and how the bank can
achieve its mandate, how can we
have greater resources to lend
to people who need it?

ernment becomes important.”

“While the BDB would have to
adjust how it operated in terms
of internal expenditure controls
and its loan portfolio operations,
Mr Cash added: “Let’s face it.
An important part of how the
bank got to where it is is that the
bank has been too effective in
achieving its mandate:

“Persons have chosen not to
repay loans, and their businesses
have not proven to be financial-
ly sustainable.

“The bank must take steps on
the front end of loan adminis-
tration” to ensure Bahamian
entrepreneurs, businesses and
start-ups that received loans and
financing from the BDB had all
the resources they needed to
make their ventures succeed.

These resources included man-
agement and accounting systems,
and access to external services
providers. In this way, the BDB
would “ensure the loans don’t
become non-performing”, Mr
Cash said.

At year-end 2006, some 42 per
cent or $23.341 million out of the
BDB’s total loan portfolio of
$55.433 million was classified as
non-performing, with the
accounts providing for a $7.888
million allowance for loan losses.

Mr Cash, though, pointed out
that while this was “a huge n
umber”, as a development bank,
the BDB was not like a com-
mercial bank, which was focused
on risk management and the pur-
suit of bottom line profits.

Instead, it was focused in what
would be regarded as a private
equity/venture capital field, lend-

| BAHAMAS DEVELOPMENT BANK
Cable Beach, West Bay Street,
P.O.Box N-3034
Nassau, Bahamas
Tel:(242) 327-5780/327-5793-6
Fax:(242) 327-5047, 327-1258
www.bahamasdevelopmentbank.com

New Providence
Vacant lot# 1038
(60°x 100°) ~ Garden
_ Hills #3. (Appraised

Value
$35,000.00)

Lot #338.(60°x97.24")
wrhse 1,735sq dt. ~
Arawak Ave Py tron’s
Addition (Appraised
Valine
$137,060.00)

Lot #4B, Bik #1
(50°x 100°) w/two storey
4 units building ~ West
of Family St off Soldier
Rd (Appraised Value
$232,000.00)

Lot #30 (60°x100")
w/duplex (1,686sq.f.) ~
Golden Gates Estate # |
(Appraised
$177,305.00)

Lots #3 & #4
(50°x100°), Blk #47
widuplex & shop
1,532sy, ft. - Forbes St
Nassau Village
(Appraised V alte”
$120,000.00) &

Lot 40°x36" 41000! Hoe t
(3,933sq. ft} wionidiigs
(1,428sq. ft.) ~ Sutton
Street & St. Bedes Lane
off Kemp Road (Appraise
Value $85,000.00)

Lot #171 (100’x100")
w/two story building ~
East St opposite
Deveaux St.
{Appraised Value
$300,000.00)

Lot #120 (7,773sq. it)
wihouse (1,996sq. ft.) -
Holly Court Blue Hill
Heights (Appratsed
Value$ 150,000.00

Andros
Lot (4,344 8q, 844 sqcfhy
w/duplex (1,174 sq.f)-.
opposite Bateloo Fresh.
Creek, CentralAndros.
(Appraised Valug
0)

PROPERTIES

, Lot #119 (22, 500sq. tt)

w/single story complex
(3,440sq. ft) + Sir Henry
Morgan Dr. Andros
Beach Colony Sub
Nicholls’s Town Andros
ii, Vacant lot 100°x 180°
Pinders, Mangrove
Cay South Andros
(Appraised Value
$22,500.00)
Grand Bahama

. Vacant Lot #8 Bik #12
Unit #3 (11,250sq. ft.)
Henny Ave Derby Sub
Freeport Grand Bahama
(Appraised Value
$98,800.00)

. Lot #15, Blk #15 Unit
#3 (90’x125*) ~ Derby

Sub Freeport Grand
Bahama (Appraised
Value $23,000.00)

4. Vacant lot #862 Section
#| ~ Freeport Ridge Sub
Freeport Grand Bahama
(Appraised Value

ogibn $22,500.00)

radial voce lots #12 & #13,

© Bik #13, Unit #2 -

Lincoln Green
Subdivision Lucaya
Freeport Grand Bahama
(Appraised Value
$80,000.00)

. Lot #8 BIk#7
(102’x125*} wehse
1,935sq. fi. ~- Montrose
LnBahamia West
Replat Subdivision .
Freeport Grand Bahama
(Appraised Value
$180,000.00)

. Ten (10) unit hotel
complex on 4.99 acres of
beach front ~ High
Rock, Freeport Grand
Baliana (Appraised |
Value $1.1 million)

. Vacant lot #5, Blk#3 l;
Section B ~ Royal

3 Subdivision Freeport

Grand | Batiama-:-
’ (Appraised Value
¢ $31,000.00)

“ASSETS

Abaco
19. Lot #54 D 63’x100° w/
triplex foundation—
Murphy Town Abaco
(Appraised Value
$27,034.00)

. Lot #6 vacant 2 acres~
Fox Town Abaco
(Appraised Value
$40,000.00)

Eleuthera
21. Lot 3t'xt1t' whse
Lord Street Taprum Bay
Eleuthera.
(Appraised Value
$45,000.00)

. Vacant Lot #6
(14,555sq. ft.)-a half
mile Southward of
Tarpum Bay Eleuthera
(Appraised Value
$38,000.00)

Cat Island

, Lot w/twelve (12) room
motel 1.39 acres—
Arthur’s Town Cat
Island (Appraised
Value $1.3
Million Dollars)

24, One acre beach front
property w/cottage
900sq. fi—Devil’s
Point Cat Island

Inagua

. Lot #43 (9,000sq. ft)
w/hse-Matthew Town
Inagua Russell Street
(Appraised Value
$120,000.00)

ing to small businesses, start-ups
and entrepreneurs, a field that
was “inherently high risk”.

Mr Cash said the auditors’
statement was “by no means
cause for alarm”, adding: “The
Board will be taking steps to
ensure the bank is around for
the long-term to fulfill its man-
date, which will involve adjust-
ments in how we grant loans and
how do we manage loans once
they have been disbursed.....

“The flipside of every non-per-
forming loan is the realisation of
part of a dream of a Bahamian,
or group of Bahamians, to have a
shot at being business owners.
That is inherently positive for
the country. Our challenge at the
bank at the front end is to ensure
these businesses are sustainable.”

Mr Cash said this did not
mean giving prospective bor-
rowers what they wanted, but

instead required the BDB to

“challenge” them about the
future viability and sustainabili-
ty of their ventures, and whether
they had the management,
accounting and operational sys-
tems in place to give them the
best chance of success.

“One of the best kept secrets

about the Development Bank is
that it does a fairly good job in
ensuring collateral for loans, but
the reason it is a government
institution is that there is a bal-
ance that has to be met between
the bank aggressively collecting
loans to satisfy outstanding
debts.

“The institution must have a
social conscience, but that
authority will be deployed, albeit
in a level-headed, responsible
manner, but we will not be
ashamed in exercising that
authority.”

Mr Cash said the Board aan
given the BDB’ management a
mandate to focus on how it could
assist Family Island development

"projects, including infrastructure

and land development. This and
some other specific areas were
of particular interest to the Gov-
ernment.

The BDB owes some . $29 mil-
lion in long-term bonds to the
National Insurance Board (NIB),
and a further $4 million debt tg
British American Financial.

As a result of a 2001 decision
taken by the first Ingraham
administration, the BDB’s lend-
ing rate will be between 1-2.5
per cent above Bahamian
Prime. q

The Government subsidises
the difference between the
BDB’s lending rate and its nor-
mal 5 per cent spread, amounting
to $384,530 in fiscal 2006.

IN THE MATTER OF SUISSE SECURITY BANK & TRUST LIMITED

(IN LIQUIDATION)
AND

IN THE MATTER OF THE BANKS & TRUST COMPANIES
REGULATIONS ACT, 2000
IN THE MATTER OF THE COMPANIES ACT 1992

NOTICE TO CREDITORS

The creditors of the above-named Company are required, on or before 31st
January 2008 to send their names and addresses and particular of their
debts of claims, and the names and addresses of their attorneys (if any) to
Mr. Raymond L. Winder, the Official Liquidator of the said company at
2nd Terrace West, Centreville, RO. Box N 7120, Nassau, Bahamas. The
creditors may be required by notice in writing from the said Official Liq-
uidator, by their Attorney or personally, to come in and prove their said —
debts or claims at the office of the Official Liquidator at such time as shall
be specified in such notice. If in default thereof they will be excluded
from the benefit of any distribution made before such debts are proved.

Raymond L. Winder
Official Liquidator

VACANCY FOR THE POSITION OF:
Saar wala yap a:

Core responsibilities:

Responsible for Bank’s corporate finances including
budgeting assets and liability management, financial
reporting and accounting.
Review Bank’s financial results and compare to
historical and sector results.
Review and upgrade all Bank financial management

operations.

Establish credit and collection policies and develop
methods for improving.

Bank’s financial performance.
Accountable to ensure regulatory mandates are

followed.

Interacts with branches relating to budgeting and other
finance matters.

Tables
(1) Wood Table (Round)
(1) Marble Table (Rectangle)
Chairs
(1) Facial Bed

(1) Pedicure Set
(2) Pedicure Stools
(1) Ergonomic Task Chair
(3) Maroon Banquet Chairs
Cooler/Freezers

(1) Two Door Chest Freezer
(1) One Door Chest Freezer

(1) Double Door Refrigerator

Electronic Equipment
(1) 1520 Epson Stvlus Cotor Printer
(1) Whirl Microwave
(1)Tec Cash Register
(1) Facial Machine
(1) Brothers Black & White Laser Printer
(1) Janome Monogran/Embroidery Sewing Machine
(1) Sylvania Tower
Surveillance Camera Sy sien
Machinery
(1) Four Burner Stove Electric
(1) Deli Showcase
(1) Chrome Juice Filler
(1) Multi Prait Juicer
(1) Chrome Mixing Tank
(1) Capper Machine
(1) Quilting Sewing Machine

Knowledge, Skills and Abilities:

A minimum of five years experience ina banking
environment.

Complete knowledge of accounting, financial analysis,
and budgeting with experience and skills in financial
management.

MBA with either CPA or CFA.

Strong analytical, administrative, written and oral
communication skills.

Working knowledge of treasury management,
information, and risk management.

Strong leadership skills to design and convey policy
and coach others.

Vehicles

(1) 03 Dod 03 Dodge Caravan

(1) 96 Ford Explorer

(1) 97 Dodge Stratus

(1) 01 Hyundai H-100 Bus
(1) 01 Kia Bus 12 Seater

(1) 02 Kitchen Trailer

(1) 03 Toyota Coaster (Exuma)

Vessels

53’ Vessel (1977) Shabak

29° (1983) Vessel (Lady Rece)

45°(1992) Defender Vessel (Liminos)

48° North Carolina Hull (1989)

52’ Halteras Fiber Glass (1979) MV Buddy

47’ Fiber Glass (1980) Vessel (Miss Quality)

43° Defender Fiber Glass Vessei (1990) (Lady Raine Too) .

120? Steel Hull Vessel (1978)

58’ (1997) Steel Hull Vessel (Bay ouside Child)

51? Defender (1981) Equility

122° Single Screw Steel Hull (1960) MY Lisa IH,
vessel has a new engine requiring installation. And
can be v iew at Bradford Marine, Grand Bahama

Benefits include: Competitive salary commensurate with
experience and qualifications; Group Medical (includes
dental and vision) and life insurance; pension scheme.

Interested persons should apply no later than November

COOKING UTENSILS FORKS, SPOONS, POTS, PANS & CUPS
16th, 2007 to:

DRY CLEANING EQUIPMENT



DA #13679
c/o The Tribune
P.O. Box N-3207,

Nassau, Bahamas

The public is invited to submit Sealed bids marked "Tender" to Bahamas Development Bank, P.O. Box N-
3034, Nassau, Bahamas attention Finical Controller, faxed bids will not be accepted or telephone 327-
5780 for additional infonnation. Please note that all bids on the aforementioned properties and assets
should be received by or on November {9, 2007. The Bahamas Development Bank reserves the right to
reject any or all offers. AML assets are sold as is.


THE TRIBUNE

THURSDAY, NOVEMBER 15, 2007, PAGE 13B



JOB OPPORTUNITY FOR A

Chinese consumer
prices surge again

i By KEITH BRADSHER
c.2007 New York Times
_ News Service

> GUANGZHOU, China —
Consumer prices unexpected-
ly surged again last month in
China despite price controls
on a wide range of industries,
with the prospect of even
higher inflation this month.

For years, flat or falling
prices for Chinese goods
helped restrain inflation in
the United States. But now
jising costs for American
imports from China are com-
plicating the tasK of the Fed-
eral Reserve. The Fed has
been cutting interest rates to
help weak housing and credit
markets in the United States,
but has been wary that low
los might permit inflation

oO noe back into the econo-

t Prices were 6.5 percent
[rice in October than a year
- €arlier, accelerating from 6.2

yercent in September, Chi-
na’s statistical agency
announced Tuesday. The
October inflation rate
matched an increase of 6.5
percent in August, China’s
highest inflation rate in near-
ly ‘1 years.

; Rising prices are an espe-
cially dangerous problem for
China, where public accep-
tance of one-party rule
‘depends to a considerable
extent on ever-rising prosper-
ity. With food prices increas-
ing the fastest — they were
up 17.6 percent in October
‘from a year earlier — many
poor and working-class fami-
lies are struggling to make
ends meet.

* Before dawn last Saturday,
people began lining up for a
‘sale at a Carrefour store in
. Chongging that offered a dis-
count on large jugs of cook-
ing oil; an essential-for a-lot-=:
of Chinese cooking. When
the doors,opened, a stam-., ,
pede ensued, killing three
people.and injuring 31. Chi-
na’s commerce ministry
responded Monday by order-
ing a ban on limited-time
sales promotions.
; China’s leaders are clearly
concerned. Prime Minister

en Jiabao visited the needy

in adistrict of Beijing on

{
k

Monday and promised to sta-
bilize prices, according to the
official news agency Xinhua.

“Prices have been on the
rise these days, and I’m
aware that even a one-yuan
increase in prices will affect
people’s lives,” said Wen,
referring to a sum of Chinese
currency equal to about 13
cents,

Inflation accelerated in
October even though the
government issued a ban on.
Sept. 19 on all price increases
for a long list of regulated
industries, from airlines to
electric utilities to energy
companies. The main culprit
in October was rising food
prices, while non-food prices
climbed just 1.1 percent.

Prices

But prices will probably go
considerably higher in
November. The price con-
trols prevented refiners from
passing on high world crude
oil prices in October, so
many refiners cut back their
output of gasoline and diesel,
resulting in long lines at ser-

_ vice stations. The govern-

ment quickly gave in,
announcing an increase of
nearly 10 percent in the regu-
lated price of gasoline and
diesel that took effect.on
Nov. 1.

Truckers at a rest stop here
in Guangzhou in southeast-
ern China said that the price
hike had not been enough to

' erase the shortages, and that

they were still being forced to
wait hours to buy as little as 5
gallons of diesel.

Not only energy prices may
be higher in November. Wen
also urged employers on
Monday to be more generous
in giving raises to employees
and to be especially careful to

~ follow: minimum. wage.laws.....

If his appeals are heeded,

sogathat.could push up manutac-
“turing wages and prices. :

At a market early Tuesday
afternoon in Shenzhen in
southeastern China, clerks
and customers complained
about rising prices for every-
thing from pork to Chinese
cabbage — although egg
prices had fallen slightly in
the last month.

UCU ee ITTY



for anticipated

By DAVID ROYSE
Associated Press Writer

eee a ae

TALLAHASSEE, Fla. (AP)

t— Las Vegas-style slots would
be allowed at Indian casinos
and the state would get more
han $100 million a year under
fa deal with the Seminole Tribe
that Florida was expected to
announce Wednesday.
; The state has been negoti-
ating with the tribe with a
deadline of Thursday for an
agreement on what types of
ambling the casinos would
yoffer and a plan for the state to
‘get some of the revenue.
' The basic elements of the
‘agreement would allow black-
jack and baccarat as well as
‘Las Vegas-style slots in the
ard Rock casinos in Broward
‘County and Tampa and other
jsites, but no craps or roulette,
jsaid Seminole Tribe lawyer
arry Richard. The compact
‘would allow a minimum guar-
fantee of $100 million a year

‘for the state with the possibili-

ity of more based on gambling
‘revenue, Richard said.
Richard said the compact
ihadn’t been signed yet
‘Wednesday morning — and

that he wouldn’t comment on
when it might be. But with the
deadline looming Thursday
and Crist scheduling a news
conference for a “major
announcement,” it was wide-
ly expected that the negotia-
tions were nearing completion.

The U.S. Department of
Interior had set a deadline of
Thursday for Crist to finish
negotiations with the tribe on
the issue.

The tribe would get the
exclusive right to run casino
games at their facilities under
the agreement, which is expect-
ed to be for 25 years.

The deal is complicated by
opposition in the Legislature.

House Speaker Marco
Rubio, R-West Miami, has said
that the plan can’t be finalized
without legislative approval,
and that the House might sue
to block it if it doesn’t get a
say. Several members of the
House oppose expanding gam-
bling in Florida.

Meeting with reporters
briefly before and after a Cab-
inet meeting early Wednesday,
Crist didn’t confirm the deal
and declined to comment on
negotiations in any detail.

NOTICE is hereby given that RONALD GUSTAVE of
MIAMI STREET, 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 15th day of November, 2007 to the Minister
‘| responsible for Nationality and d Gitizenehp, PO. Box N- 7147,
; Nassau, Bahamas.



But prices remain low in
dollar terms, with some veg-
etables selling for as little as
12 cents a pound.

That low price in dollar
terms is a result of a very low
exchange rate for China’s
currency, known as the yuan
or renminbi.

China’s central bank has
been buying foreign curren-
cy, mainly dollars, at a pace
of $1 billion a.day to slow the
rise of its currency.

American companies buy-
ing from China face a double
whammy: not only are prices
rising in terms of China’s cur-
rency, the yuan, but China
has also quietly begun allow-
ing the yuan to rise at a faster
pace against the dollar.

The annualized pace of
appreciation of the yuan has
climbed to 6 percent in the,
last week,

This will make it a little
cheaper in yuan terms for
Chinese companies to import
raw materials, which tend to
be priced in dollars. But it is
still slower than many mem-
bers of Congress have sought.

China’s competitiveness
has not diminished yet,
either. On Monday, China
posted another record
monthly trade surplus: $27

billion in October.

China now exports more to
the European Union than the
United States, and éxports to
Europe have been growing
strongly. The yuan has actu-
ally been losing value against
the euro because China has
set the appreciation rate of
the yuan in terms of the dol-
lar, which has been falling
steeply.

Many manufacturers, as
well as retailers of manufac-
tured goods, have not yet
raised prices, hoping to hold
on to market share even as

.China’s. production capacity.

keeps growing.

Pan Xishen, a business
development manager at
Tayohya, a home decoration
chain with 370 franchised
stores across China, said the
company had resisted raising
prices even though raw mate-
rial costs had climbed 5 to 8
percent in the last year.

“Tt’s reducing the margin”
of profits, he said at the
Global Sources Franchising
China trade show here in
Guangzhou in southeastern
China on Tuesday afternoon.
“We're controlling the price
to the consumer.”





FINANCIAL CONTROLLER

An established Bahamian Company is re a Financial Controller.

Qualifications for the position are: ,

¢ Bachelor’s Degree or equivalent in “achouitii or applied finance

from an accredited and reputable university.
Certified Public Account. ‘
3-5 year Audit experience

Proficiency in Accounting Software such as QuickBooks or Peachtree
Experience in preparing IFRS compliant financial statements
The individual will be responsible for directing the overall financial
plans and accounting practices of the organization.

Interested persons should send resumés to:
P.O. Box CB-12707
Nassau, Bahamas

Join the leading Conservation
Organization in the Country as

BOOKKEEPER

ROLE RESPONSIBILITIES

Accounts Receivables

* Process daily cash sales and payments
* Process daily bank deposits

* Process credit card transactions

Accounts Payables

* Prepare payment requisition for vendor payments

* Enter data and maintain accounts payable files and records on a
daily basis

Verify receipt of materials or services and hac to invoices
Process payments and distribute checks according to established
procedures

Contact all vendors for payment collection — mail or pickup
Maintain historical records for all accounts payable transactions
on a weekly basis

* Prepare local and foreign payments

Other : §
* Deliver utility payments
* May be required to perform other duties “

SNe SKILLS REQUIRED
+, An Associate Degree in Accounting, Business Administration
or Related fields
Minimum of 5 years experience in Accounting or Finance
Sound knowledge of accounting and related administrative
eu siciet
, Basic knowledge and’ understanding of accounting systems
*** Ability to identify potential risk issues and solutions and to
"communicate thesé éffectively to the Finance Manager
Strong PC skills
Strong analytical and problem-solving skills
+ Ability to maintain moderately complex and automated accounting
records in an orderly and accurate manner.
Ability to generate reports in excel with minimum direction



Applications must include cover letter, resume,
and three letters of reference.
Applications should be mailed to
Bahamas National. Trust, Human Resources Manager, .
P.O. Box N 4105, Nassau, Bahamas
Deadline: November 30, 2007.

Family Island Resort Marina
eT CRe ole EnEas

Job Description:

A Family Island Resort Marina seeks a General Manager with a strong background in hospitality,
real estate development, property management and construction management services. The successful
candidate must have a solid track record of success and growth. The successful applicant should:

Create and execute project work plans as appropriate to meet changing needs and requirements.
Identify resources needed and assigns individual responsibilities.

Manage day-to-day operational aspects of the Marina Project

Effectively applies our methodology and enforces project standards.

Prepare for reviews and quality
Project Accounting

assurance procedures ‘

Determine appropriate revenue recognition, ensures timely and accurate invoicing, and monitors

receivables for the Marina.
Forecast basic revenue models, P/L, and cost-to- ec ouienon projections and makes decisions

accordingly.

Requirements:

A management and/or hospitality-related college degree
10+ years of progressive experience in hospitality, operations and development
An entrepreneurial spirit and a,willingness to roll up your sleeves and do what it takes to get the

job done

Strong knowledge of construction management and cost control policies and procedures
Solid communication and interpersonal skills, ability to get along with people at all levels of the

organization

We offer an excellent compensation package with benefits.
For a confidential interview, please submit your resume to island_development] @yahoo.com.


SRR

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FsISsSeo




PAGE 14B;}. THURSDAY, NOVEMBER 15 , 2007

OVERVIEW OF DEHS ZONE INITIATIVE

The zone initiative is quite simply a district assignment that identifies persons
within each zone. It at present identified the grounds and beautification and

Health inspectorate staff.

New Providence has been divided into eight (8) zones. Each zone has specific
grounds and beautification zone manager and a team, as well as Health

Inspectors with specific functions. The zones are identified by numbers namely

one (1) thru eight (8). They are outlined in as per the tables and map. : e

WHAT IMPROVEMENTS/ADDITIONS ARE ANTICIPATED?

The DEHS expects that with the acquisition of some ten (10) new garbage
collection vehicles, that vehicles will be clustered ‘so as to allow specific day
scheduling of all zones. This would allow collection of all communities in a zone

é
on aspecific day;

The DEHS will expand the program to include vector control. The vector control
unit will not be assigned specific zones at this time, as we are about to launch a

rodent eradication program that demands concentrated manpower;

The acquisition of additional resources through upcoming budget allocation in

order to improve efficiency;




GENERAL
SANITATIONS &
COMPLAINTS

GROUNDS: &
BEAUTIFICATION
ZONE MANAGERS





AREA 1







THE TRIBUNE

GN-613

*, GOVERNMENT NOTICE |

‘ ~ Ministry of Health & Social Development _
Department of Environmental Health Services

A dedicated beautification unit responsible fore creating green spaces will be

added during the next hudget cycle,

WHAT ARE THE OBJECTIVES OF THIS INITIATIVE?

To immediately identify all obvious nuisances related to poor garbage storage,
non-collection, unkempt roadways, verges, parks and medians, littering, illegal
dumping, derelict vehicles, overgrown abutments, and unsanitary commercial

and residential properties.
To identify nuisances which adversely affect the aesthetics of the zones;

To provide immediate attention to the rectification of all nuisances by providing

the necessary services, legal action or referral to the appropriate authorities;

To. Provide a sustained high level of environmental maintenance in all zones by

regular scheduled cleaning and landscaping services;

To provide sustained environmental education and enforcement through the

actions of the health inspectorate;

To affect a significant decrease in the number of environmental nuisances within

each zone and thus improve the quality of life for all community members;









CERTIFICATE OF URBAN RENEWAL
SANITATION

LICENSING










EAST
WEST
NORTH
SOUTH
















Kimsley Ferguson | Tino Lightbourne | Sandra Knowles Lawrence Burrows



Hill Road
Sea




Sea





Fox Hill Road Denver Hanna

East Street













Bernard &
Village Rds



The Sea *




Fox Hill Road
Eastern Road
The Sea
The Sea

George Sweeting

Soldier Road Christine Dean
East Street
Wulff Road

Soldier Road



Peter Sweeting



AREA 5

EAST Bast Street Hilton Solomon Oneil Missick
WEST The Sea : ‘

NORTH The Sea

SOUTH Poincianna Ave.

Thompson’ Blvd &
J.F.K. Drive







AREA 6
















EAST East St Esley Burrows Jan Mortimer
WEST Blue Hill Rd
NORTH Wulff Rd



SOUTH Soldier Rd



AREA 7
EAST





Blue Hill Rd Rayford Rigby Clinton Brennen










WEST The Sea
Thompson Blvd,

NORTH JFK Drive

SOUTH Carmichael/Adel

aide Rd







Anthony Ingraham | Margo Thompson

Blue Hill Rd
The sea ;
Carmichael/Adel
The sea





Kendrick Johnson





Kendrick Johnson












Colamae Gardiner
Pinewood Gardens
Nassau Village

Sandra Knowles Lawrence Burrows












Sabrina Fowler Lawrence Burrows | KipKeno Wright







Osbourne Knowles



Monique Sargent Lawrence Burrows



Sharabelle Dean
Fort Charlotte
Bains & Grants
Town

Monique Sargent Kelvin Taylor








Sabrina Fowler Kelvin Taylor













Sandra Knowles Kelvin* Taylor







Monique Sargent Kelvin Taylor








ct
’

"THURSDAY, NOVEMBER 15, 2007, PAGE 15B

DEPARTMENT OF ENVIRONMENTAL HEALTH SERVICES



THE TRIBUNE



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PAGE 16B, THURSDAY, NOVEMBER 15, 2007



Notice of Sitting for New Providence Port Authority Board
To consider Application For Licence Under The Boat Registration
Act Chapter (277)

Notice is hereby given that a meeting of the New Providence Port Authority Board
for New Providence and the Family Islands will be held at the Port Administration
Building, Prince George Wharf on the 29 November, 2007at 3:00pm for the
purpose of granting Licences under The Boat Registration Act Chapter (277)

Any person entitled to and wishing to object to any application should do so at
least six (6) days before the date of the hearing by submitting his/her objections in
writing to the Board and to the applicant.

Persons attending the meeting on behalf of an applicant must produce written

authorization at the meeting.

Applicants for renewals are not required to attend, unless they have received
written notification from the New Providence Port Authority.

The under mentioned persons have applied for grant of licences as specified below:

NEW BOAT LICENCE NEW PROVIDENCE





REG. NO APPLICANT BOATNAME CLASS PASS USE
NB/147/07 Dames Neil P. ‘Hydra — Terra”. B 49 Charter
P.O. Box N-261 40ft
Nassau, Bahamas Fibreglass
NB/148/07 Pratt Theron . “Hot Pursuit” A 8 Charter
P.O. Box SS-5693 30ft
Nassau, Bahamas Center Console
NEW MASTER’S LICENCE -NEW PROVIDENCE
LICENCE # NAME CLASS
NB/60/07 Cartwright Fabian V A
P.O. Box N-4856 .
Nassau, Bahamas
- NB/61/07 Gilbert Jaurez J. B
P.O. Box N-476
Nassau, Bahamas
Virgil CleeJ. J
NB/62/07 P.O. Box CB-13137 B
Nassau, Bahamas
NEW PROVIDENCE
REG NO APPLICATION BOAT NAME CLASS PASS USE
NP: 818 BSC Johnson Watersports “No Name” D 2 Rental
P.O. Box SB-50115 oft
Nassau, Bahamas Jet Ski
NP: 820BSC Johnson Watersports “No Name D 2 ~ Rental
P.O. Box SB-50115 oft
Nassau, Bahamas Jet Ski
NP: 817BSC Johnson Watersports “No Name D 2 Rental
P.O. Box SB-50115 Of rile :
Nassau, Bahamas Jet Ski
NP: 806BSC Johnson’Watersports “No Name D 2 Rental
P.O. Box SB-50115 oft
Nassau, Bahamas Jet Ski
NP: 745RCB Lewis Sean “No Name” D ; 2 Rental
Nassau, Bahamas oft
Jet Ski
NP: 744 Lewis Sean + “No Name” D 2 Rental
Nassau, Bahamas oft
Jet Ski
NP: 743 Lewis Sean “No Name” D mid Rental
Nassau, Bahamas oft
Jet Ski
NP: 116 ATE Mark Edwin J “NoName” =D 2 Rental
Nassau, Bahamas oft
Jet Ski
NP: 622 ATW _ Sears Alexys ‘NoName 2 Rental
Nassau, Bahamas Oft
Jet Ski
NP: 121 ATE Sweeting Shamane “No Name D 2 Rental
P.O. Box Gt-2450 oft
Nassau, Bahamas Jet Ski
NP: 127 ATE Sweeting Shamane “No Name ‘'D 2. Rental
P.O. Box GT-2450 oft
Nassau, Bahamas Jet Ski
RENEWAL BOAT LICENCE-NEW PROVIDENCE
REG NO APPLICATION BOAT NAME CLASS PASS USE
NP: 6784 Big Conch Limited “Big Conch” A 0 Barge
P.O. Box CR-55415 26ft
Nassau, Bahamas Steel Hull

REG NO

NP: 6782
NP: 6785
NP: 6783

NP: 6631

NP: 3243

NP: 6628

NP: 6404

NP: 2255

NP: 6330

NP: 6632

NP: 448

LICENCE #

1035
7244
1119
7441
6467

8235

LICENCE

8330

6112

7098
6123
7180

6190

5056
6697
6192

7Al\

THE TRIBUNE

GN-612

GOVERNMENT NOTICE

PORT DEPARTMENT

RENEWAL BOAT LICENCE-NEW PROVIDENCE



APPLICATION BOAT NAME CLASS PASS USE
Big Crab Limited “Big Crab” A 0 Tug Boat
P.O. Box CR- 55415 79ft
Nassau, Bahamas Steel Hull
Big Scoop Limited “Big Scoop” A 0 Barge
P.O. Box CR-55415 — 180ft
Nassau, Bahamas Steel Hull
Big Snapper Limited “Big Snapper” A 0 Tug Boat
P.O. Box CR-55415 /79ft
Nassau, Bahamas _ Steel Hull
Blue Hole “Annie Alyssa” © B 0 Rental
Watersports 22ft
P.O, Box CR-55886 Boston Whaler :

Nassau, Bahamas
Custom Aquatics “Boomer” A 7 Charter -
Limited 28ft
P.O. Box CB-12730 : Center Console
Nassau, Bahamas
Custom Aquatics “Gray Dawn” A 8 Charter
Limited 40ft
P.O. Box CB-12730 Fibreglass
Nassau, Bahamas .

Dean Earnest R. “M/V Legacy” A 50 Mail Boat
P.O. Box EE-17318 160ft
Nassau, Bahamas Steel Hull

Eldon EnterpriseCo ‘M/V Current A 45 Mail Boat
Ltd Pride
Nassau, Bahamas 77h

Trawler

Hunt William “Hi Life” B 8 Charter
P.O. Box SB-1753 45ft
Nassau, Bahamas Fibreglass
Michelle Towing “Tiki” A 0 Tug Boat
Service S8ft
P.O. Box N-3709 ‘Steel Hull
Nassau, Bahamas
Michelle Towing “Rosa I” A a) Tug Boat
Service ~~ 65ft
P.O. Box N-3709 Steel Hull
Nassau, Bahamas
RE ; -

NAME CLASS
Brown Troy A
Rock Sound,Eleuthera
Darville Joseph R. A
Berry Island, Bahamas
Darville Percy A
Berry Island, Bahamas
Edgecombe Anthony A
Treasure Cay, Abaco
- Eldon Gerald A
Current Eleuthera, Bahamas
Nelly Bruce P. A
Current Eleuthera, Bahamas
RENEW. ER? -
NAME CLASS
Barnett Robert B
P.O. Box NP-2141
Nassau, Bahamas
Burrows Carroll A
Nassau, Bahamas
Bain Leroy H A
P.O. Box N-8175
Nassau, Bahamas
Cartwright Jason V.A A
P.O Box N-813
; Nassau, Bahamas
Clarke Kelvin A
P.O. Box N-5693
Nassau, Bahamas
Davis Ezra A
Nassau, Bahamas
Doyle Frances A
P.O. Box CB-12730
Nassau, Bahamas
Doyle Edward L A
P.O. CB-12730 :
. Nassau, ‘Bahamas
Hart Louis A. vA
P.O. Box N-9707
Nassau, Bahamas
Johnsun Bircel B
P.O. Box SB-50115
Nassau, Bahamas
* weerelbaire

THE TRIBUNE

er

LICENCE

7905

RENEWAL MASTER’S LICENCE- NEW PROVIDENCE

NAME CLASS

Johnson Brent T. A
P.O. Box F-43903
’ Nassau, Bahamas

Knowles Thomas

THURSDAY, NOVEMBER 15, 2007, PAGE 17B

FROM page one

cult as possible for crimes to be committed against
their business, customers and employees.

He added that businesses could not rely on the
court system to prosecute persons and deter them
from committing crimes.

Crime prevention tactics will be discussed at
the upcoming seminar held in conjunction with
the Royal Bahamas Police Force and Crime Stop-
pers Bahamas. It is intended to inform the busi-
ness community about the many ways to be

Electronic payment

The seminar will be held at the Conference
Centre at police headquarters on East Street
from 8.30 am to 4pm on November 19. During the
morning session the ‘Root Causes and Analysis of
Crime’ will be discussed by psychiatrist Dr David
Allen, community activist Carlos Reid, and Rev
CB Moss of the Bahamas Christian Council.

A panel discussion on ‘Crime Analysis, Vic-
tim’s Rights and Solutions’ is scheduled for 10.45
am. During the afternoon session at 2 pm, ‘Busi-

P.O. Box SS-6554
Nassau, Bahamas

Lightbourne Barry M.
P.O. Box CB-12291
Nassau, Bahamas

Lightbourne Andre A.
P.O. Box SS- 6862
Nassau, Bahamas

Moxey Lynden P.
P.O. Box CR-55506
Nassau, Bahamas

Morley Cyril E
P.O. Box N-8175
Nassau, Bahamas

Maycock Etienne
Nassau, Bahamas

Newbold Torino M
P.O. Box CB-13288,.
Nassau, Bahamas

Rolle Patrick
P.O. Box SS-19523
Nassau, Bahamas

Rolle Garnet G.Jr.
P.O. Box N-3709
Nassau, Bahamas

Smith Brian L.
P.O. Box N-781
Nassau, Bahamas

Turnquest Michael
P.O. Box EE 5685

Nassau, Ba yp 2



PUBLIC NOTICE:

’ MINISTRY OF PUBLIC WORKS AND TRANSPORT
PARADISE ISLAND BRIDGES INSPECTION AND REPAIRS PROJECT

INVITATION FROM QUALIFIED CONSULTING\ ENGINEERING FIRMS

The Government of The Bahamas, through the Ministry of Public Works &
Transport, is requesting proposals from qualified Consulting Engineering
firms to provide Planning, Design, Engineering and Construction Management
Services for the inspection and subsequent repairs of the East and West Bridges
to Paradise Island.

It is intended that the investment of the Government in these bridges be secured
for their design life and beyond through these and other inspection and repair
works, thereby ensuring that the tourism product and development on Paradise
Island continue to enhance the nation’s economy.

The Ministry of Public Works & Transport now invites interested Con-
sultants, both local and international, to collect, for a non-refund-
able fee of B$50.00 (US$50.00). the Request for Proposal (RFP)
Documents and to complete and submit same in accordance with the
instructions therein.

‘

RFP documents may be obtained by interested parties as of Monday, 5th
November, 2007 between the hours of 10:00am and 4:00pm Mondays to
Fridays from:

The Civil Engineering Section

1st floor East Wing,

Ministry of Public Works and Transport,
John F. Kennedy Drive

P.O. Box N-8156

Nassau, Bahamas

Telephone: (242) 322 4830 Ext.4042.

Fax: (242) 302 9770
Email:melanieroach@bahamas.gov.bs

upon evidence of the payment of the requisite fee. (Please note that payment may
be in form of cash, or certified check, or bank draft or money made payable to
The Public Treasury of the Bahamas.)

The original and three (3) copies of the completed proposal must be placed
in a sealed envelope clearly marked “RFP 2007 Paradise Island Bridges
Inspection and Repairs,’’ and deposited in the Tender Box at the Ministry of
Finance, Sir Cecil Wallace-Whitifield Center, West Bay St, Nassau, The
Bahamas no later than 10:00am on or before Tuesday, December 11, 2007.
Applicants will be notified of the results after the submission of the documents

and evaluation.

Signed: Creswell Sturrup
Permanent Secretary
Ministry of Public Works & Transport



TO ADVERTISE IN THE CLASSIFIEDS
CALL 502-2351 |

proactive and learn certain measures they can
set in place to deter criminal activity from their
establishments.

ness Executive and Employee Protection Against
Violence’ will be discussed.










SUNSHINE INSURANCE

(AGENTS ¢ BROKERS) LIMITED

correspondents or MARSH

The world’s #1 risk specialist

NOTICE TO THE PUBLIC

Please note that our offices at Shirley
Street and Blue Hill Road



will be CLOSED on

Friday 16th November, 2007 for
our Strategic Planning Retreat

to betten:serve you.




The offices will re-open on
Monday 19th November, 2007.

We apologize for any inconvenience.

as

MINISTRY OF FINANCE
TREASURY DEPARTMENT

PUBLIC NOTICE - REMINDER

The Treasurer of the Commonwealth of The Bahamas advises all pensioners,
Parliamentary, Judicial, Official, World War 1 Veterans & Widows, Bahamas Widows’
'& Orphans’ and Re-employed, whose pension payments are paid directly into their bank
accounts and who have not yet verified during the July, 2007 verification exercise , to do so
without delay.

Failure to present oneself or the appropriate Life and Payment Certificate for verification,
will result in the disruption of December .2007 bank payments and thereafter until verified.

"Pensioners submitting Life and Payment certificates as verification must ensure that the.
certificate is duly signed by one of the persons designated and that the signed date falls
within the mentioned period.

Pensioners’ are further advised to visit the Pension Section, Treasury Department situated
on the ground floor of the British American Insurance House, Marlborough St. and Navy
Lion Road, bringing with them a form of identification such as Passport, Voters card,
National Insurance LD. or Drivers’ license.

The following Life and Payment Certificates are available at the Treasury Department,
Nassau and Freeport, and at Family Island Administration offices: :

_ © Parliamentary Pension Life & Payment Certificate - for retired
Parliamentarians.

Official Pension (Judicial) Life & Payment Certificate — for retired Judges.
Official Pension Life & Payment Certificate — for retired Public Officers.

World War 1 Veterans and Widows Life & Payment Certificate - for
Veterans & Widows of World War 1.

Bahamas Widows’ & Orphans’ Pension Fund Certificate — for Widows’
& Orphans’.

Pensioners residing within The Bahamas should note that the submission of Life and
Payment certificates on a monthly basis is no longer required, However, all pensioners are
expected to verify during January and July of each year to avoid any inconvenience.

For further details please contact the Pension Section, Treasury Department at telephone
no. (242) 322-4561. Life and Payment Certificates may be forwarded via facsimile at (242)
322-4566.


PAGE 18B, THURSDAY, NOVEMBER 15, 2007

mM ATLANTA

UAL Corp.’s United Airlines
_ and Delta Air Lines Inc. have
been discussing a combination
between the nation’s second- and
third-largest carriers that would
keep the United name and the
corporate headquarters in Chica-
10, The Associated Press has
earned...

Shares of both airlines surged
on the news.

There is a sense of urgency in
the talks, which have been going
on for some time and continued as
recently as a week or so ago, an
official with knowledge of the talks
said Wednesday. The official
spoke on condition of anonymity
because the person was not autho-
rized to speak publicly. ~

“They want to get something
done before a new administration
gets in and so they get the clock
ticking on” federal regulatory

’m lovin’ it

BUSINESS

Official says United, Delta have discussed combining

approval, the official said.

The exact financial details of
the transaction being discussed are
not clear, But the talks involve
United being the name of the
combined airlines, the headquar-
ters staying in Chicago and Delta’s
Atlanta hub being an operational
center for the two carriers, the offi-
cial said. One possible scenario
involves Delta CEO Richard
Anderson being the chief of the
combined airline, the official said.

Delta also has had talks with
other airlines, the official said,
without specifying which airline
or the status of any such talks.

A spokesperson for Chicago-
based United did not immediately
return a call Wednesday seeking
comment. Delta spokeswoman
Betsy Talton declined to com-
ment.

Shares of Delta rose $1.92, or
10.2 percent, to $20.67 in after-
noon trading. UAL shares gained

Position Available:

$4.20, or 9.7 percent, to $47.70.

Delta said in a statement
Wednesday that its board has
established a special committee to
work with management to review
and analyze strategic options for
the airline. Top executives have
said recently they are trying to
determine whether consolidation
makes sense for Delta.

When Anderson was named in
August as Delta CEO to replace
Gerald Grinstein, there was imme-
diate speculation in the investment
community that Delta and North-
west might eventually merge.
Anderson is a former CEO of
Northwest Airlines Corp. —

Anderson immediately tried to
dispel such speculation, telling
Delta employees he wasn’t coming
to Delta to facilitate a deal with
Eagan, Minn.-based Northwest.

Delta’s statement Wednesday
was responding to pressure by a

THE TRIBUNE



hedge fund that owns 7 million
Delta shares to consider combin-
ing with UAL.

Pardus Capital Management LP ©
said in a letter to Delta’s top man-
agement on Tuesday that it is
“imperative” that the company
undertake a merger transaction ,
with another airline in view of »
soaring fuel prices and what it '
described as the increased risks of |
going it alone.

“Consolidation is needed to de-
risk the industry and time is of the
essence as now is the right regula-
tory environment,” said Karim
Samii, president of Pardus, and
Shane Larson, a principal.

The hedge fund executives said
they had determined since making
a similar recommendation in a |
Sept. 7 letter that “the most attrac-
tive and practical combination
would be a Delta and United Air-
lines combination.”

EMPLOYMENT OPPORTUNITY

CREW NEEDED FOR
MCDONALD’S RESTAURANTS

Requirements:

e Must be a high school graduate

e Must be people oriented

¢ Must have smiling faces

¢ Must be customer service driven

e Must be a high performer

¢ Must have excellent oral & written
communication skills

¢ Must be able to work flexible hours,
including late nights, weekends and
holidays. cae

McDonald’s offers excellent benefits!
Competitive Pay!
Training!

Career Development!
Monthly Incentives!
Opportunities for Upward Mobility!

Applications available at all three
restaurants and McDonald’s Head Office
_ on Market Street North .

Legal Notice
NOTICE

ESTANCIA LTD.

eo
Notice is hereby given that in accordance with section
_ 138 (8) of the International Business Companies Act
_ 2000, the dissolution of ESTANCIA LTD. has been com-
pleted; a Certificate of Dissolution has been issued and _
_ the Company has therefore been struck off the Re gister.

~ ARGOSA CORP. INC.
; (Liquidator)



4Pricing Information As Of: ;
qu November 200 7







52wk-Low ~~ Securit

41.6 0.54 Abaco Markets 1.59
£11.74 11.00 Bahamas Property Fund 11.60
9.55 7.86 Bank of Bahamas 9.55
0.85 0.70 Benchmark 0.85
13.74 1.66 Bahamas Waste 3.74
2.62 1.21 Fidelity Bank 2.61
11.20 9.81 . Cable Bahamas 11.18;
3.15 1.83 Colina Holdings 3.15
5.52 4.03 Commonwealth Bank (S1) §.52 |
7.22 4.70 - Consolidated Water BDRs 6.24
2.70 2.20 Doctor's Hospital 2.26
16.50 5.54 Famguard 6.50
12.80 12.00 Finco 12.71
14.757 14.00 FirstCaribbean 14.65
6.10 5.18 _ Focol (S) 6.03
1.00 0.54.” Freeport Concrete 0.74
8.05 TAG > ICO utilities 7.25
10.05 8.52 J. S. Johnson ;






Premi





52wk-Low Symbol
14.25 Bahamas Supermarkets

+. 6.00. Caribbean Crossings (Pref)

0.20 RND Holdings







41.00 ABDAB
14.00 Bahamas Supermarkets
0.40 RND Holdin



Fund Name
1.3130. Colina Money Market Fund 1.362272*
2.9449 — Fidelity Bahamas G & | Fund 3.5388*"*
2.4829 Colina MSI Preferred Fund 2,938214**"

Colina Bond Fund 1.279370*"*

Fidelity Prime In



=” ) FIDELITY

Previous Close Today's Close



HEAVY EQUIPMENT
MAINTENANCE MANAGER

Job Description: |
Responsible for. the management of all
‘maintenance activities in Nassau ensuring
all preventative maintenance and heavy
equipment repairs are conducted as per com-
pany standards. Conducts on-site audits and
evaluations of port equipment, coordinates .
repair activities and preventative procedures.

Education:
High school diploma or equivalent. Trade
or Technical certificate in Heavy Equipment
Maintenance.

Experience:

Five years experience in heavy equip-
ment maintenance with at least two years
in management of equipment maintenance.

Container Terminals offers a highly competi-
tive package of benefits. Salary is commen-
surate with qualifications and experience.



Legal Notice

NOTICE

RENDEZVOUS HOLDINGS LTD.

Notice is hereby given that in accordance with section
138 (8) of the International Business Companies Act
2000, the dissolution of RENDEZVOUS HOLDINGS.
LTD. has been completed; a Certificate of Dissolution
has been issued and the Company has therefore been

struck off the Register.

ARGOSA CORP. INC.
(Liquidator)








Change Daily Vol. EPS $ Div $ Yield
1.59 ; 0.000 16.9 0.00%!
11.60 0.00 1.502 0.400 7.7 3.45%|
9.55 0.00 0.733 0.260 13.0 2.72%
0.85 0.00 0.048 0.020 17.7 2.35%)
3.74 0.00: 0.275 0.060 13.6 1.60%
2.61 0.00 0.051 0.040 §1.2 1.53%
11.18 0.00 1.030 0.240 10.9 2.15%
3.15 0.00 0.208 0.080 16.4 2.54%
5.52 0.00 0.426 0.227 13.0 4.11%]
6.55 0.31 0.129 0.050 = 49.0 0.79%
2.26 0.00 0.284 0.020 8.0 0.88%]
6.50 0.00 0.804 0.240 8.1 3.69%!
12.71 0.00 0.768 0.570 16.5 4.48%)
14.65 0.00 0.934 0.470 15.7 3.21%
6.03 0.00 0.359 0.133 16.8 2.24%)
0.74 0.00 -0.415 0.000 N/M 0.00%
7.25 0.00 0.411 0.200 17.6 2.76%!
10.05 0.00 0.991 0.590 i





















Last Price Weekly Vol.
16.00

EPS $
1.160







Yield %

Last 12 Months Div $






NOTICE is hereby given that LATOYA. PLUMMER-
_CHEDDESINGH of ST. ALBURI’S DRIVE, 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 15th day of
November, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that ROCHELLE TELFORT,
WASHINGTON STREET, 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 15TH day of NOVEMBER, 2007 to the Minister











ALL SHARE INDEX - 19 Dec 02 = 1,000.00
-Hi - Highest closing price in last 52 weeks
| 52wk-Low - Lowest closing price in last 52 weeks



} Previous Close - Previous day's weighted price for daily volume
i
Today's Close - Current day‘s weighted price for daily volume

| Change - Change in closing price from day to day

Daily Vol. - Number of total shares traded today

, DlV & - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month earnings

: - 4-for-1 Stock Split - Effective Date 8/8/2007



lock Split - Effective Date 7/11/2007

MARKET TERMS

ae
YIELD - last 12 month dividends divided by closing price

Bid $ - Buying price of Colina and Fidelity
Ask $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price
Weekly Vol. - Trading volume of the prior week
EPS $ - A company's reported earnings per share for the last 12 mths

NAV - Net Asset Value
N/M - Not Meaningful

FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100



NAY. KEY

* = 2 November 2007
** ~ 30 June 2007

*** - 31 October 2007
*** 34 July 2007



Nassau, Bahamas.



renee

eres]

responsible for Nationality and Citizenship, RO.Box N-7147,





Rist

Positions available at Bimini Sands Resort & Marina:

Sushi Chef
Diesel/Gasoline Mechanic

Genk

Het. é
A competitive salary and benefit package will be offered to the
successful candidates. If you are interested in being part of a
dynamic, growing company, please email, mail or fax

Resume to:

Human Resources Manager
Bimini Sands Resort & Marina —
PO Box 24020
South Bimini
Bahamas
Tel: 242-347-3500
Fax: 242-347-3501
fcooney @biminisands.com

Legal Notice

_ NOTICE

PIXEL VALLEY INC.

Notice is hereby given that in accordance with section

138 (8) of the International Business Companies Act
2000, the dissolution of PIXEL VALLEY INC. has been

completed; a Certificate of Dissolution has been issued

and the Company has therefore been struck off the -

Register.

ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE

PENNE DIAZ CORPORATION

Notice is hereby given that in accordance with section

138 (8) of the International Business Companies Act
2000, the dissolution of PENNE DIAZ CORPORATION

has been completed; a Certificate of Dissolution has been

issued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)




LL ae Ee

THE WEATHER REPORT Biie® (fjNouence vmucoven

(BAHAMAS) LIMITED. IN SURANCE BROKERS / & AGENTS
NT Mees





ae - FOnRY ea FRIDAY SATURDAY —_— SUNDAY

















WINDS “WAVES _VISIBILITY __ WATER TEMPS.

VAR at 5-10 Knots 1-2 Feet 4-7 Milles BI° F

N at 10-20 Knots 2-4 Feet 6-7 Miles 81°F
— NNW at 7-14 Knots 1-2 Feet 5-7 Miles 80°F







N at 12-25 Knots 4-8 Feet 6-7 Miles 80° F









Clouds and sun, at- Partly cloudy; breezy Partly sunny and Sunshine and patchy Mostly sunny.” Partly sunny and



: VAR at 6-12 Knots 2-4 Feet 3-6 Miles 80° F
The higher the AccuWeather UV Indexâ„¢ number, the Athen 66/18. 58/14 sh eee: : sais pe : Nat 10-20 Knots F 6-7 Miles
: storm in spots. late. breezy. clouds. breezy. greater the need for eye and skin protection. Sir
High: 81° High: 81° High: 83° High: 83° a8/8t sae
Low: 70° Low: 66° Low: 68° Low: 70° Low: 72°








ETA er Leda a tcred tea her RealFeel Br elated Bn Ce ated | EVA eraser dtm tlt
fic OC [1860F [BORO Fc | P| 822-68" Fw] 80°-69° F

The exclusive AccuWeather RealFeel Temperature® is an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure, and Today 10:55am. 2. 7 4:23 a.m. 0. 4 y "= ee :
elevation on the human body—everything that effects how warm or cold a person feels. Temperatures reflect the high and the low for the day. 1116p.m. 22 5:24pm. 04 : _ : : : “

Fn 1:46am. 26 Si5am. 05 £ 423 63/17 sh 72/22 NY = sailings | y
Yet ” a 6:14p.m. 0.4 g x i | ee ae



Saturday 13am. 22 6ibam. 05
ABACO Remmperaiame 7 5 See ee» 12:42p.m. 26 7:06p.m. 0.3
sesseee 19° F/26° C rae 5;

High: 80° F/27° C 70° F/00°¢~—«Sunday 1:14 am. 24 7:23am. 04
Low: 66° F/19°C ” 81° FD7°C 1:42pm. 25 8:00pm. 0.2

Normal low ......4....:.. .. 10° F/21° C

rt noe SUN AND IVIOON

Last year's IOW 00... eecesscessssssesssesseese 07° F/20° C

Precipitation Sunrise......6:26a.m.° Moonrise. ...11:16.a.m.

As Of 1 p.m. yesterday .....cccccscseceseevsesseeees 0.00" Sumset.......5:22 p.m. Moonset... . 10:05 p.m.
Year to date .......... ... 59,39"


















Normal year to date a . 47.85" ;
AccuWeather.com ee
Forecasts and graphics provided by - e
ELEUTHERA AccuWeather, Inc. ©2007 Nov. 17 Nov. 24 sec. 1 Dec. 9
; High: 81° F/27°C Shown are noon positions of weather systems and
precipitation. Temperature bands are highs for the day.
Forecast high/low temperatures are for selected cities.
= High: 83° F/28° C rv = oe
a Low: 65° F/18°C 52 28-2 pe 54ND 7/2 s

INSURANCE

Shown is today's weather. Temperatures are today's
highs and tonights's lows.

RAGGEDISLAND Hist 85;







High: 83° F/28° C a: * oS
_ Low:67°F/19°C









__ 6347 33/0 oe San Antonio i sem vcia
San Francisco at sn po 63/17 53/11 pc lage bee

St 34/1 205 sn
Tallatassee 70/21 34 t 66/18 29/-1 5s !

y 0: 4g Winnipeg ‘Mi 24-4 BTID DAA
Tucson 17/25 55/12 c 76/24 50/10 pc

; ; ; ; pels _ .. Weather (W): s-sunny, pe-partly cloudy, c-cloudy, sh-showers, t-thunder-
Washington, DC 56/13 38/3 r 49/9 35/1 pe ee _ _ _ _ storms, r-rain, sf-snow flurries, sn-snow, i-ice, Prep- precipitation, Tr-trace


~~







PAGE 20B, THURSDAY, NOVEMBER 15, 2007

THE TRIBUNE

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win in the monthly and grand prize draws. |

Cable appoints former DPM to directors Board _

CABLE Bahamas has named former deputy
prime minister Frank Watson and Sandra
Knowles to its Board of Directors, replacing
Al Jarrett and Anthony Butler. .

Mr Watson, current Airport Authority chair-

man, held Cabinet posts in the first administra-
tion that included’ Public Works and Utilities,
National Security, Tourism and Public Enter-
prise.
Among the public policy areas he oversaw
were telecommunications sector liberalisation,
housing, potable water supply, the national
roads programme, and Royal Bahamas Police
Force. ;

Mrs Knowles, former Securities Commission
of the Bahamas executive director, sits on the
Boards of Colina Holdings (Bahamas), Bench-

mark (Bahamas) and the Winterbotham Trust.

Company.

She previously held director posts with insti-
tutions such as Franklin Templeton Bank &
Trust, the Hotel Corporation of the Bahamas

~ and Bahamasair. In 1993, she had been appoint-

ed general manager of the Broadcasting Cor-
poration of the Bahamas.

Both Mr Watson and Mrs Knowles have
strong links to the governing Free National
Movement (FNM), and their appointments are
likely to be at least partly designed to give Cable
Bahamas an insight into the Government’s
telecommunications sector policy, as well as

provide the company with an avenue to lobby
Government.

Relations between Cable Bahamas and the
Ingraham government are understood to have
cooled since the Prime Minister’s first term in
office, The Tribune revealing how the Govern-

ment blocked Cable Bahamas’ acquisition of |.
IndiGo Networks’ parent company, Systems

Resource Group (SRG). ‘
The deal was blocked to prevent the purchase
undermining the Bahamas Telecommunications
Company’s (BTC) privatisation value, as IndiGo
is its only fixed-line voice services competitor.
Cable Bahamas hinted at all this in its press
statement announcing the Board appointments,
its chairman, Brendan Paddick, saying Mr Wat-
son would give the company “an inside under-

standing of the public goal for the development

of the telecom sector in the country”.

He added: “The next four to five years will be —

a very interesting time for the telecommunica-
tions sector in the Bahamas. Further liberalisa-
tion will undoubtedly be on the cards, and Cable
Bahamas intends to be in the forefront of that
arena and believes it has both a board and
employee team that is up to the task.”

-Mr Watson and Mrs Knowles will be replac-
ing Mr Jarrett, who is a known PLOP support-

er. Mr Butler stepped up to the Board when.
the late George Mackey, a former PLP Cabinet

minister, passed away.

Save ailittic,
Win alot!

The prizes get bigger
and bigger every month!





November - $1,500
December ~ $2,500
January - $3,500
February - $5,000

Grand Prize $20,000
paid over a 12 month
period in $1,666 installments.



Se