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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i

Trib une



A] \ ‘ y

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GOODNESS fas fovie't.

HIGH 83F
LOW 72F

«= CLOUDS
‘wa AND SUN

Officer gunned
down in shootout

@ By TANEKA THOMPSON
and BRENT DEAN
Tribune Staff Reporters
tthompson@tribunemedia.net

A. YOUNG policeman was
gunned down in a hail of bullets
as a fleeing bandit opened fire

-on him just in front of The Tri-
bune on Deveaux Street, leav-
ing him to die in a nearby park-
ing lot.

Constable 2827 Ramos
Williams; 26, of Yamacraw
Estates, who was described as a
“promising young officer”, is
the first policeman killed in the
line of duty this year. He is also

The

Wi Ar i N Vy | py Ch N
IM iE.. AN Y ] LA AGE

i, WE’RE #1



the 79th murder victim in a year
of unprecedented bloodshed in
the Bahamas.

A witness gave The Tribune
an account of the killing; in
which more than 20 shots were
fired between police and an
assailant, leaving bullet holes in

Constable Ranios Williams



Doctors Hospital at 3am, three
officers in a marked white
neighbourhood police vehicle
saw occupants of a Nissan Sen-
tra acting suspiciously, turning
on to Shirley Street from Collins



POLICE ( OFFICERS attend a special healing service yesterday to honour the life and service of
Constable Williams

One of four expected to be charged in

Felipé Major/Tribune staff

nearby buildings. Avenue. The officers pursued

While on routine. police
patrol in Collins Avenue near

SEE page nine

Felipé Major/Tribune staff



POLICE OFFICERS were driving this car which stopped outside of The
Tribune building during the shootout.



connection with murder was on bail

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

ONE of four men expected to be arraigned in
court today in connection with the murder of
police Constable 2827 Ramos Williams was on
bail for firearm possession charges with the intent
to endanger life.

Chief Supt Glenn Miller confirmed this to The
Tribune yesterday, adding that the arraignment of
the group is scheduled for noon.

Man claims
car driven by the
Butlers hit him

before sea plunge

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







confirmed.

THE MAN involved in an acci-
dent with Sir Arlington Butler
has declared that he did not hit
the former cabinet minister and
his wife before they plunged into
the sea last Friday off Potter’s
Cay Dock.

Cedric Johnson told The Tri-'
bune yesterday that it was the car
driven by the Butlers that hit him
and not vice-versa.

“All of a sudden something hit
me from the back. I applied
brakes and the force they hit me

SEE page eight

ment.






Asst Supt Walter Evans said charges will be filed against
the woman, but he did not identify her, nor did he provide a
possible motive for the alleged crime pending the arraign-

Mr Colebrook was found near Bacardi Road last Wednes-
day with multiple stab wounds about the body, making him
_ the country’s 78th murder victim for the year.

No motive was given by police at the time for the killing.
The resident of Sunset Park was discovered “lying on
. the ground” around 6pm on Boxing Day, before being tak-
en to hospital for treatment.
However, he died at about 10pm.
News reports indicated that “several” people were ini-
tially in police custody for questioning.
But this woman is the first and only person charged in rela-
‘tion to the death.

Police did not release the names of the sus-
pects pending their arraignment. However, the
first of the men, a 29-year-old from Wulff Road,

turned himself into the police around 10am.on ..

Saturday.

Several hours later, a 28-year-old Pinewood
Gardens man also turned himself into police
around 5.30pm.

The fourth suspect was apprehended yester-
day, police confirm, after assistance from members

SEE page nine


















~ ng se Anaad,
ronstyi

Ho
Mayet







ANNUAL EVENT

Policeman shot dead

Slain officer
had long-term
aspirations to

join police
" Tebune Staff Roporter

tthompson@tribunemedia.net

AN AUNT of slain police
constable Ramos “Bill”

‘Williams remembered her
‘beloved nephew yesterday as a

respectful, mannerly man who
had long-term aspirations to be

-a police officer, despite the fam-

ily’s misgivings about his dan-
gerous career.
“T tried to talk him out of

‘becoming a police officer

because of the danger involved

SEE page nine



Ralph Seligman QC

Leading

Woman to appear in court in Meeaaxomutes
TTR RST

A WOMAN in her late 40s will be arraigned today in
connection with the murder of 19-year-old Anthony Cole-
brook, who was stabbed to death last week, police have

at age of 88

ONE of the Bahamas’ lead-
ing lawyers, Ralph Seligman
QC, has died aged 88.

The Irish-born attorney was
noted for pioneering racial
integration at the Bahamas
Bar, and was a prominent fig-
ure in freemasonry both in the
Bahamas and Ireland.

e SEE full story and picture
on Page Six

















\
\

{



PAGE 2, MONDAY, DECEMBER 31, 2007 THE TRIBUNE

DEATH OF RAMOS WILLIAMS





ealing service
onours life of a



|
F

President of the Christian Council Bishop John Humes speaks out PURI RT



TIME TO TAKE A
STAND: Sergeant
Campbell from
Internal Security
Division speaks
out against the
crime in the
Bahamas.



CONCERNED CITIZENS attended a healing service against crime yesterday in the area where Ramos Williams
was shot and killed. A contingent of police officers, religious leaders and concerned citizens joined the fam-
ily at the murder scene last night for a special healing service organised by Bahamas Against Crime to pay trib-
ute to the fallen officer.

WE” RE IN THIS TOGETHER:
Rev Dr. William Thompson
president of the Bahamas
National Baptist Missionary
and Educational Convention
speaks out-yesterday on
crime after the death of
- Ramos Williams. The younger
of two boys, Constable
Williams lived in South
Andros until the age of 14
when he came to Nassau to
attend L W Young High
School, his family said.


















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THE TRIBUNE

MONDAY, DECEMBER 31, 2007, PAGE 3



Police seek
gunman who
wounded
man, 24

@ By TANEKA THOMPSON
Tribune Staff Reporter
Prombsanetbunamedt, net

POLICE are seeking a gun-
man who wounded a 24-year-
old man over the weekend.

Around 8am Saturday the
victim was visiting a relative in
Golden Gates No. 1 sub-divi-
sion when a silver Nissan Sentra
approached.

A man in the vehicle pro-
duced a shotgun and blasted the
victim in his left leg before flee-
ing the scene, police said.

The victim was taken to hos-
pital where he is listed in sta-
ble condition. The shooter, who
is known to the victim, is being
sought by police.

Norwegian
Gem receives
a sparkling
reception

@ BY DENISE MAYCOCK
Tribune Freeport
Reporter

dmaycock@tribunemedia. net

FREEPORT - Ministry of
Tourism officials in Freeport
welcomed Norwegian Cruise
Lines’ newest cruise vessel — the
Norwegian Gem -,to Grand
Bahama on Thursday.

The 2,400-passenger. ship
made its inaugural call at
Lucayan Harbour around 8am.

The Norwegian Gem, the lat-
est in the Jewel Class family of
ships and sister to the Norwe-
gian Pearl, is scheduled to make
calls to ports in the Bahamas
through April 2008.

In October, 2007, Norwegian
Cruise Lines announced that it
would again include Grand
Bahama as a port of call the fol-

- lowing month. The company

has agreed to add 32 cruises
between 2007 and 2009. -

Locals say they welcome the
boost in tourism arrivals to the
island, which will amount to
some 38,000 passengers in the
short term. Tourism and Avi-
ation Minister Neko Grant said
he is pleased about the return of
NCL to Grand Bahama.

NCL’s new state-of-the-art
ship, the Norwegian Gem, made
its inaugural Atlantic voyage on
December 13, leaving Boston
for a two night cruise to New
York City. The ship, which will
be based in New York, offers
11 bars, 12 restaurants, some of
the best suites at sea, plus a
four-lane bowling alley, among
other amenities.

The Norwegian Gem is
expected to call again at Grand
Bahama on January 3, 2008.

It will make a minimum of 14
consecutive visits to Grand
Bahama next year, calling dur-
ing February, March, April and
December. The Norwegian
Jade is also expected to visit
Grand Bahama on. December
19 and 26, and return on Janu-
ary 2, 2009. In 2009, Grand
Bahama can also look forward
to visits from the Norwegian
Gem in January, February,
March and April.

Senate president,
House Speaker to
attend London
conference

SENATE president Lynn
Holowesko and House of
Assembly Speaker Alvin Smith
will travel to London to attend
the 19th Commonwealth Speak-
ers and Presiding Officers Con-
ference.

The conference, a biennial
meeting of those presiding over
parliaments in the Common-
wealth, is scheduled for Janu-
ary 2-6.

Delegates will discuss privi-
lege and the right of reply,
keeping order and fostering
decorum, standards and ethics
for parliamentarians, and par-
liament’s relations with the pub-
lic. Each topic will be divided
into sub-areas and be addressed
in detail at workshop sessions.

The topics were proposed

and confirmed at the Common- ,

wealth Speakers and Presiding
Officers Standing Committee’s
meeting at Atlantis hosted by
the Bahamas branch of the
Commonwealth Parliamentary
Association in January, 2007.
Sharon Wilson, former Senate
president, served on the stand-
ing committee and chaired the
January meeting.

Mrs Holowesko and Mr
Smith will be accompanied by
Maurice Tynes, clerk of parlia-
ment.

KILLING OF POLICEMAN REAWAKENS DEATH PENALTY DEBATE

Police are ‘overwhelmingly in
favour of capital punishment

POLICE are “overwhelm-
ingly” in favour of capital pun-
ishment being implemented, it
was claimed last night.

Any killing carried out in
pursuit of robbery or any other
crime should demand the death
penalty, said former assistant
police commissioner Paul
Thompson.

And the murder of a law
enforcement officer in the
course of his duty should auto-
matically result in execution,
he added.

The shooting death of Con-
stable Ramos Williams outside

The Tribune’s office in the ear- —

ly hours of Saturday morning is
expected to prompt new calls
for implementation of the
death penalty, which remains
on the Bahamas’ statute books.

Mr Thompson said he was in
no doubt that hanging was the
right course to follow - and that
the murder of law enforcement
officers should top the list of
capital crimes.

“T don’t think it’s appropri-
ate for killings that result from
two men having a fight, or a
couple having a spat, but |
think it should apply to those
who commit murder in pursuit
of crime or to eliminate possi-
ble witnesses.

“T also think murder by poi-
soning should be a capital
crime because it clearly implies
premeditation.”

Mr Thompson’s views on
capital punishment are shared

by nearly everyone in the |

police force, he said.

“Anyone killing in further-
ance of a crime should be
hanged,” he said. “I also
believe that killing with
firearms should demand the
death penalty.

“In addition, I believe any-

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INTERVIEW: Former assistant police
commissioner Paul Thompson

one jailed for murder who
comes out and kills again
should be executed.”

However, Mr Thompson said
he is not confident hangings
will ever be carried out in The
Bahamas again.

He believes lawyers will do
everything in their power to
frustrate the process.

But he said if capital punish-
ment could not be sustained, a
life term for murderers should
mean life, with an island facili-
ty being built to detain the
most dangerous prisoners.

Yesterday, a police source
said officers felt their hands
were tied in the fight against
violent crime.

And he wondered whether



public outrage over the death
of an officer would match the
anger felt when a Bimini man
was shot by policeman last
week.

“It seems to me that the
criminals get all the considera-
tion while those dedicated men
who fight the villains while the
rest of us are asleep are disre-
garded,” he added.

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“Anyone
killing in
furtherance of
crime should
be hanged. I
also believe
that killing
with firearms
should demand
the death

penalty.”
Paul Thompson



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PAGE 4, MONDAY, DECEMBER 31, 2007

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE



The Tribune Limited

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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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







Young man recalls his new year

IN THE early hours of Saturday morning,
as the old year neared its end, the criminal vio-
lence that has plagued this community through-
out the year was unravelling in The Tribune’s
back parking lot. A young policeman lay dying
under a large newsprint-filled container, while
his weeping colleague held a gun to the head of
a suspect he had pinned to the ground.

With murder out of control, and the death

count rising almost daily, the police had pre-
dicted 80 deaths before the year ended. On Sat-
urday morning their fallen comrade brought
the homicide count to 79. With barely 24 hours
left to 2007, we pray there will be no eightieth
victim.
Only two Tribune staff were still on the
premises when the shooting started — Clement
Chea, in charge of local and Family Island dis-
tribution, and The Tribune’s security guard.
Suddenly at about 3.10am, there was pande-
monium — racing cars, gunshots, running peo-
ple. Clement rushed to the back door. A
wounded police officer had taken cover under a
large container across the road. He was bleed-
ing profusely. Clement saw a man flat on the
ground in The Tribune parking lot, pleading
his innocence, with a policeman, gun in hand,-on
top of him. The policeman wept uncontrollably
for his dying friend.

Clement, who had had bitter experience with
the consequences of impulsive acts, went over to
a policeman he knew. He reminded him of the

recent Bimini tragedy, and advised that the...
emotionally-out-of-control policeman*and his “=

gun be removed from the suspect before he did
something he would regret for the rest of his life.
Fortunately, police enforcements pulled into
the parking lot and took charge of the situation.
The distraught police officer lay, spread-eagle on
the ground, sobbing. “My partner dead, my
partner dead,” he cried.

Another officer pulled the suspect to his
feet. As the man stood up, he looked Clement in
the eye. There was recognition. “You, know

me, man,” he said pleadingly. He obviously .

hoped Clement would vouch for his innocence.
Ciement remembered him. They had met as
inmates 18 years before in HM Prison, Fox Hill.
Both were teenagers.

Clement was raised in a good home — hard
working parents. He was given a good educa-
tion. Both parents worked at The Tribune — his
mother full time, retiring this year after 51 years
of loyal service; his father part time. Clement
grew up around The Tribune so that his parents
could keep a watchful eye on him after school
hours. But the teenage years were troublesome.
He wanted to make a name for himself — the
easy way and fast.

On the morning of September 22, 1989 his



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mother sent him to the health clinic to get a
medical certificate for a job application. He was
‘16. The clinic was crowded. Impatient, Clement
left and caught a bus home. As he got off the
bus to walk the few feet to his house, a truck
with about 10 men passed. They hailed. He
knew a few of them. He wanted to know where
they were going. He was told they were going to
make a citizen’s arrest to take a thief to the
police station. What excitement for a 16 year
old. Without giving it a second thought, he was
on the truck, a teenage boy with seasoned men.

The citizen’s arrest ended in murder. Clement -

was convicted of manslaughter and sentenced to
five years.

He was released 17 months later when he
was among a small group of prisoners granted
clemency to mark the Bahamas’ Independence.

But Clement had not learned his lesson. The
notorious drug dealer and criminal, Sean Isaacs,
who had terrorised this town and led many
young Bahamians astray, was his idol. Clement
became Sean’s right-hand man, running
firearms, drugs and illicit funds. He was on his
way with a consignment of money to join Sean
in Jamaica on the day Sean was killed, gangland
style. Clement did not believe the report, he
had just talked to Sean a few hours before. He
was angry, ready to fight the world.

He propped the funeral programme with a
large photo of Sean on a table. Each morning as
he passed to leave his home, he would turn to
the photo and say, “Morning, papa.”

One morning, as he said his usual, “morning
papa,” and opened the door to leave, a voice
called his name. He stopped. Again his name
was called. There was no one there. He looked
at Sean’s photo. This time the voice said:
“Clement, please don’t go out like me.”

“I dropped to my knees in my living room,”
Clement recalled. “It was only my God and
me. I prayed. I promised God that, with his
help, I would do anything he wanted me to do.”

When he rose from his knees, a remorseful
man, he resolved to change his life. He sought
help.

A year later he married and now has four
daughters.

Today he is a motivational speaker for the
Ministry of Education to encourage young peo-
ple to avoid the path he had chosen. He is now
part of a gospel singing group.

Clement’s new year came, the day he lis-
tened to his inner voice, and stepped back from
the precipice. Let us pray this New Year’s eve
that more of our youth. will get that call and
change their wayward lives:

Meanwhile, to our readers and advertisers:
We wish you the best that a New Year can
bring.



KE













quay








Limited.

MP’S FUNERAL HOME LIMITED

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

A PRIVATE FUNERAL SERVICE

for the late

RAPHAEL DAVID
SELIGMAN, 88

of Nassau, The Bahamas, who died on
Wednesday, 26th December, 2007, was held at
the Jewish Cemetery, Shirley Street, Nassau on
the 28th December, 2007 at 1:00pm.

Anthony Gee, President of The Freeport Hebrew
Congregation, officiated.

Mr. Seligman is survived by his wife, Lorna;
sons, Arthur and Edgar; daughter, Helene;
brother, Donald Seligman; sister, Marie
Seligman; brother-in-law, Dr. Martin Duke;
daughter-in-law, Nuala; sisters-in-law, Simone
Hyman and Barbara Seligman; many nieces,
nephews, extended family and friends.

The family request that instead of flowers,
donations be sent to The Royal Bahamas Police
Force Dependents Trust Fund, P. O. Box N.458,
Nassau in memory of Raphael D. Seligman.

Arrangements by Kemp’s Funeral Home

The election

showed how
hopeless the
PLP really are

EDITOR, The Tribune.

THE year is finally coming
to an end. Let us look back on
some of the things that stand
out, in retrospect what we could
have done better. Some things
that we could have done differ-
ently that may have got better
results. ;

Well the FNM completely
embarrassed the PLP in an
election that exposed just how
hopeless the PLP really are.

It showcased how the PLP’s
slackness or intentional tardi-
ness allowed the register to be
compromised so much that it
was chaos at election time.

More people were disfran-
chised from the mess caused by
the lateness of the boundaries
change, thus causing many hus-
band and wives to vote not only
in different polling stations, but
different constituencies.

This was most embarrassing
and unfortunate and could have
been avoided had the PLP lis-
tened to wise counsel.

In many constituencies it was
alleged that the “fix was on”.
The desperation by the PLP
was finally exposed for what
they are worth.

The sad thing is, supposedly
Christian PLP stood by and
said nothing.

Perry Christie also was
shown, in my opinion, to be the
“weakest leader in the
Caribbean”, a tag he lived up
to, until the bitter end.

He refused to show the
strength required by any leader
when he allowed the now infa-
mous “fight in the cabinet” to
escalate to eventually involve
two of his members of parlia-
ment fighting over a legal case:
allegedly involving an alleged
drug dealer and/or trafficker.

This is alarming, to say the
least. If what we heard the fight
was about is true, our US
friends must be slightly con-
fused.

aM ea

letters@tnbur



This must have caused some
serious concern in Washington.

Who could forget the Shane
Gibson, Anna Nicole firestorm
in the press? This must go
down in history as the most sin-
gular “press grabbing” event in
the Bahamas. We got much
uninvited negative press cover-
age. But I guess if it was just a
family affair, who are we to say
otherwise.

Fast-forward, the most recent
bad press visited on the most
boisterous, cantankerous, brag-
gadocios member who insisted,
when accused of spending most
of the money allocated for all of
the family islands on his con-
stituency, that if he had had the
opportunity, he would do it
again, has reached deafening
crescendos.

The press went straight for
the jugular, and reported what
must have been given them by
the authorities. But the puz-
zling thing is that the incident
happened some weeks ago.
Could this be the work of some
insiders who have had enough
of his arrogance, and decided
to silence him forever?

I personally do not think that
silencing Alfred Gray is possi-
ble because he is always right
and he is smarter than every-
one else, except Fred Mitchell.
Mr Gray now finds himself in
an unenviable position.

He must now become a “high
wire acrobat” trying to balance
between the church which is
where he is able to perfect his
act, the House of Assembly
where he is best on stage, and
his family.

Yes, this year was eventful.
The PLP lived up to its reputa-
tion of doing things quietly,

allegedly not disclosing to the
public all the clauses of various
contracts signed with investors.
Many incidences have surfaced
that suggest their negotiations
were not in Bahamians’ best
interest. Some agreements had
to be watered down to be
somewhat palatable for
Bahamians to swallow.

Freeport felt the full brunt
of the PLP total neglect. They
displayed their disgust by
almost shutting them out of
Freeport.

Finally the PLP bragged
about the state of the econo-
my. They said that the economy
was in good shape, but the
Bahamian people exercised
their options, they decided to
get rid of the PLP even though
the economy was supposed to
be good, for the FNM who they
obviously trusted.

The Bahamas was like a wife
who left her husband that pro-
vided everything monetarily
that she needed, for a man that
respected her. Money was not
an issue; it was a matter of trust
and respect.

In 2008, let us agree to stop
fooling ourselves; no matter
how much we dress up corrup-
tion we will never get positive
results.

Let us not sell the Bahamian
people short.

Many Bahamians are far
more intelligent than we give
them credit for.

Let’s stop speaking to peo-
ple in a condescending way, it
will backfire sooner than later

Drop the rhetoric, the crime
is being committed by the peo-
ple that the PLP administration
allowed to be out on bail from
their negligence to tighten up
the judicial system, that would
prevent emptying the jail of the
most harden criminals.

IVOINE W INGRAHAM
Nassau,
December, 2007.

Fitzgerald statements are without merit

EDITOR, The Tribune.

I AM of the opinion that
Senator Jerome Fitzgerald has
the skills and abilities to take
him beyond senatorial respon-
sibility, but it would seem that
he has a problem in the way
that he arrives at his conclu-


















sions. There is nothing wrong
with holding the party line in
scenarios where ambiguity can
be'used as an effective tool to
keep your opponents on their
guard, but his recent state-
ments blaming the present
administration for problems
that have their genesis in the
last administration, are with-
out merit.

The past administration had
some very good plans, but the
evidence coming forth suggest
that this may have been all
they had. Claims can be made
of “leaving things in place”,
but as you read most of the
news releases, most of the pre-
sentations included the word
“projection”.

Most of us have learned to
be wary of promises made by
any person seeking office and
the “anchor projects” phrase
that we heard far too much of
was one of those things that
most of us said “hmmm”
about.

It is not enough to talk about
plans, ways and methods, but
how we implement is just as
important as the plans them-
selves.

The present administration
is often chided for their cau-
tiousness in the business of the
country, but their style of gov-
ernance offers us a few lessons
in how you go about things.

The fact that this group is
made up primarily of busi-
nessmen is sometimes lost on
the electorate, most of them
are not lawyers, so they have
an inclination to support or at
least have an answer for what
they say or do, and having a
leader such as they have, they
are under constraints of
accountability that seemed to
be absent in the previous
administration. And they have
to give an answer, and most of
us like it that way.

The nation’s current finan-
cial shortcomings have more
to do with the debacle that
resulted from bad judgment
exercised by banks and lenders

in the American sub-prime
market. With financial giants
like CitiGroup and Wachovia
having to do write-downs in
the billions, even locally, the
Morgan Stanley backed devel-
opment in Grand Bahama has
been put on hold for about six
months. Any tourism or bank-
ing based economy is going to
take a hit, and this is just the
way it is — and it makes no
difference what form the infra-
structure takes, and it is not
all about jobs and money, it’s
about the “planned flow”.

Mr Fitzgerald, knows how
important the issue of infra-
structure and planning is and
the importance they play in the
establishment of any venture
that is viable and long lasting,
even if the infrastructure is not
presently connected.

When Galleria Cinemas
opened some time ago it was
seen as an upstart to then
thriving RND cinema network,
but when the Marathon Mall
expanded and there was a
“connection” made, it was only
a matter of time before the lat-
ter was absorbed by the for-
mer. Maybe it is in the culture
to have a problem with the
lessons that we have to learn.

Waiting until we are upset
with someone or something
before we see what our
responsibility is, seems to be
the norm. It should not be so,
if we are to get where we want
to go as a nation.

We can learn from all of the
Bahamian voices, but those

- who speak, must speak more

than the facts we prefer or con-
trive, we have to fairly articu-
late “all” of the information at
our disposal and articulate it,
speaking out of a context that
all can draw from, so that those
who choose to listen are fairly
informed.

EDWARD HUTCHESON

Nassau,
December 28, 2007.

(



THE TRIBUNE

MONDAY, DECEMBER 31, 2007, PAGE 5





THE GRANDMOTHER OF police officer Ramos Williams, Miss Lillian Williams, cannot hold back the

tears yesterday at a healing service against crime.

Major/Tribune staff

ipé

Fel

Crime prompts call for
return to life of prayer

@ By TANEKA
THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

IN THE wake of the killing of
Constable Ramos “Bill”
Williams, and the unprecedent-
ed loss of 79 murder victims in
2007, religious leaders re-issued
the call for Bahamians to return
to a life of prayer and Christiani-
ty to stamp out the scourge of
crime.

Bahamians were also chal-
lenged to be proactive in order
to take back the streets from the
small percentage of criminal

Moss said the nation was ata
crossroads and that the “time has
come” for Bahamians to decide
the course of this nation as it
relates to crime and violence.

Spiritual

“We at the church recognise
that this is a spiritual problem and
it can only be successfully
addressed by spiritual means. We
believe that prayer changes things
and we believe that the people of
God must now step forward and
acknowledge that this problem
can only be addressed through

prayer, fasting and the spirit.”
Also on hand at the service was
Bishop Robert McPhee of
Church of God Inc., who said in
some way or the other every
Bahamian has contributed to
where we are today by either

minds who have roused fear in
law-abiding citizens.

At a healing service organised
by civic group Bahamas Against
Crime (BAC) to honour the life
of Constable Williams, executive
director of BAC Rev Dr CB

Junkanoo seating entry points clarified

lm By TANEKA THOMPSON
-vgtibung Staff Reporter, _,
Hompson@tribunemedia.pet.




a

vaist agdl racic e dond ilpw re 23 he : :

“IN AN effort to eliminate the congestion experienced in the 2007
Boxing Day Junkanoo Parade, the National Junkanoo Committee
has issued an advisory to clarify designated gate entry points for seat-
ing in the upcoming 2008 New Year’s Parade.

According to a statement issued yesterday by committee chairman
Philip Cooper, due to the reduction in the cost of 2007 and 2008
Junkanoo parades, the committee experienced “an overwhelming suc-
cess” in ticket sales which resulted in some congestion and bottle-
necks at entry points.

Hence, the committee issued an outline of designated entry points
for each bleacher section. Ticket-holders are advised to read their
seating assignments properly and sit in assigned seats to reduce con-
gestion.

The designated entry points for Bay Street seating are as follows:

e The Frederick and Charlotte Street south entrance gate will be
located at the end of Frederick Street south

e The Frederick and Charlotte Street north entrance gate will be
located next to Mademoiselle

¢ The Charlotte and Parliament Street south entrance gate will be
located at the end of Charlotte Street next to the Fendi store

e The Charlotte Street north entrance gate will be located at the end
of Charlotte Street between Athena’s Cafe and Solomon’s Mines

¢ The Parliament Street north (or Scotia Bank seating) entrance gate
will be located through Bank Lane next to Scotia Bank .

e The Parliament Street south entrance gate (directly opposite
Scotia Bank) will be located at the end of Parliament Street next to the
House of Assembly

¢ The Rawson Square north and the VIP section for the Churchill
Building entrance gate will be situated on Bank Lane north only at the
entry road to the Churchill Building

¢ The Rawson Square South, Rawson Square VIP, and the VIP
section in front of the Gucci store entry will be at Bank Lane south only

¢ Cabinet Parking Lot seating entry will be on East Street north

e Seating at Elizabeth Avenue will be located at the end of Elizabeth
Avenue and Bay Street.

The Shirley Street entrance points are as follows:

¢ Rodney Bain seating will be:located at the end of Parliament
Street in front of the Rodney Bain Building. Victoria Gardens seating
can also be accessed at this point as well as through East Street next to
Zion Baptist Church

° City Parking Lot seating can be accessed through East Street as well
as through Shirley Street and Elizabeth Avenue.

GIFT & BRIDAL REGISTR

hey

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Ph: 393-4440 or 393-4448 A



turning a blind eye to crime or
by being involved-in criminal
activity directly

Sergeant Campbell. a fellow
officer of Constable Williams,
appealed to the crowd to reverse
the fear of crime and drive it into
the hearts of perpetrators by tak-
ing a no-nonsense approach.

“This is our problem, the so-
called good men and women sit
idly by (in fear) and do nothing. |
want to challenge the Bahamas
to reverse the fear.

“The criminals have us in fear.
We are barring up our homes, we
are changing the way we do our
business because we are in fear.
but criminals are also afraid of
one thing: being arrested and
incarcerated.

“If we bind together we can
reverse the fear.

“If we send the message that
if you do something wrong some-
body will give a statement, some-
body will go to court, somebody
will testify and a good-thinking
jury will conVict. We have to
reverse the fear.”

‘The healing service was held
at the parking lot on Deveaux
Street across from The Tribune
building =the site where @onsta-
ble Williams died ,

Chairman of BAC Philip Bene-
by, VP of Bahamas Christian
Council Rev Patrick Paul, chair-
man of BAC Dr William Thomp-
son, president of Bahamas Chris-
tian Council Bishop John Humes
and Bishop Simeon Hall also
spoke at vesterday’s service.

TROPICAL
EXTERMINATORS
eH TE
PHONE: 322-2157

Pair charged with illegal drug
possession in Eight Mile Rock

FREEPORT - Eight Mile Rock residents
James Deveaux, 32, and Jackson Deveaux,
33, were charged with illegal drug possession
in the Eight Mile Rock Magistrate’s Court
on Friday.

The men appeared before Magistrate Deb-
bie Ferguson and pleaded not guilty.

James Deveaux was further charged with a
second count of possession of dangerous
drugs.

He pleaded not guilty to this charge as well.

The men were granted bail with sureties
and the matter was adjourned May 7, 2008 for
trial.

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PAGE 6, MONDAY, DECEMBER 31, 2007

THE TRIBUNE



Prominent lawyer







By a>

RALPH SELIGMAN QC gets help in adjusting his wig from

his two sons, Edgar. and Arthur, both members of

the Bahamas Bar, in the Garden of Remembrance outside of the Supreme Court on June 22nd, 1996.

























BY FAR the most valuable
resource of The Common-
wealth is its people. It there-
fore follows naturally that our
children must be protected
and all necessary resources
must be provided for their
nurturing and education by
both our families and the
State alike. I doubt if there
would be many who would
disagree with this premise.

Settling on what is the sec-
ond most valuable resource
may not be as easy. However
I have just read the Decem-
ber 2007 NEWS-BREEF
published by the Bahamas
Reef Environment Educa-
tional Foundation.

This has made me easily
come to the conclusion that
the runner up position must
go to the waters and reefs
surrounding the islands of
The Bahamas and the fishes,
fhirds, mammals and other



creatures which are nurtured
by them and make these
waters their home.

For most of our history
these waters have provided,
in one way or another, the
livelihood for a large number
of our people.

For some it provides fish,
crawfish and conch.

For others it may have
been the route for getting
liquor into the USA during
prohibition.

In earlier times Pirates
brought their booty here
through these waters. Now
these waters and reefs as well
as the beaches created by

Wiener

these reefs and the actions of
these waters attract millions
of tourists and provide a
livelihood for the majority of
our people.

Should it not therefore nat-
urally follow that every effort
must be made to protect
these waters from pollution
and our reefs from abuse?

Additionally the flora and
fauna that are dependent on
these waters and reefs for
their nourishment, growth
and preservation must be
protected.

We cannot over fish or
over collect conch and craw-

fish and we:cannot kill and |



Craig Lenihan

RALPH SELIGMAN QC,
one of the Bahamas’ most
prominent lawyers, has died at
the age of 88. His funeral was
held in the Jewish Cemetery,
Shirley Street, Nassau, on Fri-
day.

Mr Seligman, a man of many
talents, was a pioneer in break-
ing down racial barriers at the
Bahamas Bar, and was a leading
figure in freemasonry, both in
The Bahamas and Ireland.

Born in Dublin, Ireland, in
1919, he graduated from the
University of Dublin, Trinity
College, in 1939. He practised
as a solicitor in Dublin before
moving to The Bahamas in 1957.

In Nassau, he served as a

stipendiary magistrate and cir- »

cuit justice between 1962 and
1967. He was admitted to the

collect coral for trinkets with-
out depriving our children,
grandchildren and their
descendants of their
birthright. « :
What better resolution for
2008 and beyond can there’
be, other than protecting and
nurturing our most valuable
riches?

Bahamas Bar in 1967 and
formed a partnership with the
former Chief Justice, Sir Guy
Henderson.

In 1972, he formed the part-
nership of Seligman, Maynard
and Co with Julian Maynard,
son of Sir Clement and Lady
Maynard. At the time, Mr Selig-
man said he was proud to have
broken down racial barriers at
the Bahamas Bar by forming
such a partnership.

He was.a consultant at Gra-
ham, Thompson and Co from
1986 to 1996 and joined the firm
of Harry B Sands and Co in
1996. He was called to the Inner
Bar in June of that year.

He was still practising law at
the age of 88 and was at the
office the day before he was
admitted to hospital.

He was due to retire at the
end of this year.

Two Attorneys General were
articled to Mr Seligman - Sean
McWeeney and Claire Hepburn.
Another Attorney General, Ali-
son Maynard-Gibson, worked
closely with him at Seligman,
Maynard and Co.

Carey Leonard, former coun-
sel to the Grand Bahama Port
Authority, also articled under

His masonic career spanned
65 years, first in Dublin and then
in numerous lodges in The
Bahamas and Turks and Caicos
Islands.

He was appointed the District
Grand Master of the Bahamas
and Turks, Grand Lodge of Eng-
land and Wales, in 1983 and
served in that capacity for 10
years.

He also served as the Grand
Master of Bermuda, Grand
Lodge of Ireland.

Mr Seligman was honorary
consul general of the State of
Israel from 1974 to the time of
his death and was instrumental
in securing a visa abolition agree-
ment between Israel and The

Bahamas. He also served as vice- -

dean of the consular corps.

Non-Stop Extravaganza at SuperClubs Breezes Bahamas December 31, 2007

Mid Afternoon Gitt fest

All guests will receive a gift bag,
to include traditional
New Years Eve paraphernalia.
This will allow guests to prepare for an evening of
exiting festivities. Dress to impress.

Martini Splash

some of our world

Get the evening started wit
famous Martini’s in the Piano Bar

New Vears Fab Fare
At 6:00PM Breezes Bahamas presents Three (3)
fabulous dining options;

Main Dining Promenade

Featuring a Succulent Lobster Buffet,

Long Island Grilled Lamb Chops,
Fresh Gulf Shrimp on Ice and Roast Beef Tenderloins,
~ with an array of Fresh Salads,
International Cheeses, Tropical Fruits and Desserts
Created by our Award
Winning Pastry Chefs

Garden of Eden

Experience the cuisine of “Mother Earth’.
Fresh Seafood and Steaks-all prepared by a team
of culinary professionals,

6
Join us at 6-00PM

Pastatari

Elegant Dining, Featuring the best of
our Italian Cuisine

”
pits awaken
for “Bubbles and Laughter”
At four Bars locations thought out the resort, as we

begin our New Years Toasting

“A Night of Cabaret Show”

Join with us as we feature some of Nassau’s
Legendary Entertainers.
Lobby lounge. area.

11:30pm, Come Dine Wid We “Bahamian Style”

at the Mid-Night Buffet

Serving Mama’s Stew Fish and Chicken Souse.

11:40PM Junkanoo Rush-out while
Father Time moves on.

After midnight its time for
“Junkanoo in Nassau” Head into town,
for what can only be described,
as the ultimate cultural experience.



Ralph Seligman dies

His wide and varied interests
included a great love of travel.
He visited everywhere from
Antarctica to Siberia and Chi-
na. His trips were always a bit
out of the ordinary: a few years
ago he travelled to Easter Island.

He loved reading and litera-
ture, was a Joycean scholar and
wrote scholarly articles on vari-
ous aspects of both Bahamian
and Irish freemasonry. 7

He was actively involved in a
number of charitable organisa-
tions but the one very close to
his heart was the Royal
Bahamas Police Force Depen-
dants Trust, of which he was a
trustee.

In June, 1996, in his speech to
the Inner Bar, Mr Seligman said:
“T am particularly proud that I
broke prevailing racial barriers
when I invited Julian Maynard
into partnership with me in
1972.”

In addition to his legal skills,
Mr Seligman had impressive the-
atrical talents. He was a fine
actor on the stage in Dublin
before arriving in The Bahamas.

Some of those he acted with ,
went on to have distinguished
acting careers. These included
Burgess Meredith, Paulette
Goddard and Carroll O'Connor
(Archie Bunker in the TV series
All In The Family).

Anthony Gee, president of the
Freeport Hebrew Congregation,
officiated at a private funeral
service.

Mr Seligman is survived by his

’ wife Lorna, sons Arthur and

Edgar, daughter, Helene, broth-
er Donald Seligman, sister Marie
Seligman, brother-in-law, Dr
Martin Duke, daughter-in-law,
Nuala, sisters-in-law Simone
Hyman and Barbara Seligman,
many nieces, nephews, extended
family and friends.

The family request that
instead of flowers donations be
sent to The Royal Bahamas
Police Force Dependents.:Trust
Fund, P.O. Box N. 458, Nassau,
in his memory. a6 Hase4

WN
a

. :
ACW oo



THE TRIBUNE

MONDAY, DECEMBER 31, 2007, PAGE 7



Pa eee Eee
A death foretold: a world imperilled

USK has fallen on
2007 leaving a
more perilous
world than mankind has col-
lectively known in recent time.

Benazir Bhutto was assassi-
nated in Pakistan just days
before a general election at
which she was expected to be
elected Prime Minister.

Her assassination has left
Pakistan sitting on a powder
keg.

If it explodes, as it is expect-
ed to, the damage will not be
contained within its boundaries.

Pro-Taliban militants and
extremists sympathetic to al-
Qaida had indicated before
Benazir’s return to Pakistan
from exile that they would tar-
get her with suicide attacks
because of her pro-western atti-
tude.

The US administration of
George W Bush had brokered
her return in September on the
basis that she would become
Prime Minister under the Pres-
idency of Perez Musharraf.

Hers was a death foretold.

President Musharraf, in con-
demning her assassination,
blamed “those terrorists with
whom we are fighting.” He
said: “The biggest threat to
Pakistan and this nation is from
these terrorists. We will not sit
and rest until we get rid of these
terrorists, root them out.”

Musharraf’s statement may
play well with the US adminis-
tration with whom he has
aligned himself in the so-called
“war on terror” and from
whom his government has
received billions of dollars in
assistance to “fight these ter-
rorists”, but he was not spared
from suspicion at home.

Former Pakistan Prime Min-
ister, Nawaz Sharif, who is not
being allowed to contest the
upcoming general election, said
on the BBC: "There has been a
serious lapse in security. The
government should have
ensured the protection of
Benazir Bhutto."

Now, there are bound to be
reprisals from her most’ardent
supporters.

And the reprisals will be
directed as much at President
Musharraf as at extremist
groups.

Nawaz Sharif has actually
called for revenge saying:
“Benazir Bhutto was also my
sister, and I will be with you to
take the revenge for her death.”

Russia also recognised the
danger of a wave of terror in
Pakistan.

The Deputy Foreign Minis-
ter, Alexander Losyukov, told
the Tass News Agency that the
killing could trigger a wave of
terror in the country.

A civil war with its atten-



RAGE: A supporter of slain opposition leader Benazir Bhutto, seen in

. ee
ai. <<.

Sil eee Sanders

dant bloodbath threatens Pak-
istan, and the first few days of
2008 will set the stage for an
international drama that will
engulf the entire world.

It is a drama in which we can
expect the government of the
United States to seek to play a
prominent role to try to bring
about some stability to the
country.

The US National Security
Council — with the sympathetic
concern of European Union
countries, Russia and India —
would be extremely concerned
about the safety of Pakistan’s
nuclear arsenal and the danger
of it falling into hostile hands.

Bloodletting

But, if the US is to play a

- role in Pakistan, we must hope

that it will do so under the
umbrella of the United Nations
Security Council and with the
advice, support and participa-
tion of Europe and Pakistan’s
neighbouring states, including
the Arab countries.

The stakes in this particular
game are too high for further
“pre-emptive strikes” and uni-
lateral action.

The problem that Pakistan
now poses is global in nature,
and it requires a global
response.

Muslims worldwide should
also recognise that Benazir
Bhutto’s assassination has
wounded their community as a
whole.

Muslims have turned on

Muslims contrary to the teach- .

K M Chaudary/A{ Photo



poster in background, chants anti government slogans in Lahore, Pak-
istan yesterday. Benazir Bhutto’s 19-year-old son was chosen Sunday
to succeed her as chairman of her opposition party, extending Pak-
istan’s most famous political dynasty but ieaving the real power to her
husband, who will serve as co-chairman.



IN MOURNING: Asif Ali Zardari,
left, husband of Pakistan’s former
Prime Minister Benazir Bhutto, seen
in photo, addresses a news con-
ference with his son Bilawal Bhut-
to who has been nominated Chair-
man of the party in Naudero, near
Larkana, Pakistan on Sunday, Dec.
30, 2007. The party also decided to
contest upcoming elections.

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“A civil war
with its —
attendant
bloodbath
threatens
Pakistan, and
the first few
days of 2008
will set the
stage for an
international
drama that will

engulf the

entire world.”



ings of Islam. The global Mus-
lim community should join in
ending this saga of bloodletting
that has marred their funda-
mental beliefs and traditions
and made them targets for
opportunists. :

The UN Security Council is
the body to which the world
will look for sensible arrange-
ments to diffuse the anger that
now suffuses Pakistan, to stave

off attempts by insurgent.

groups to plunge the country
into catastrophe, to return the
state to normalcy, and to avoid
the spread of its instability to
other parts of the world.

But, neither the Security
Council alone nor the US alone
will do it. ,

Real maturity is required by
all those who are concerned
about extinguishing the fuse
that has been lit in Pakistan by
the assassination of Benazir
Bhutto.

Such maturity demands set-
ting aside notions of national
interest and superior power;
resorting to those notions will
only fan the flames of resent-
ment and resistance even mote.

* The UN Security Council
must involve Pakistan’s neigh-
bouring states and the Arab
countries, including those that
are accused of harbouring and
promoting “terrorism”.

Oil prices now hover at $100
a barrel with already harmtul
effects on the global economy,
particularly on the cost of food.

In short order, events in Pak-
istan will help to push the price
to $150 unless oil producing
Arab states sit at the table that
seeks a solution to the heady
mix of religion, international
politics and war that Pakistan



Responses to: ronald-
sanders29@hotmail.com

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

- diplomat)






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THE TRIBUNE

PAGE 8, MONDAY, DECEMBER 31, 2007
LOCAL NEWS





YOU ARE INVITED TO WORSHIP WITH US AT OUR

“WATCHNIGHT” SERVICES

The Bahamas Conference of The Methodist Church wishes each and every person a Peaceful
, New Year.
On behalf of all Ministers, Pastors and Staff of the BCMC we offer a warm welcome to you to
attend the WATCHNIGHT SERVICES in our Churches on New Year's Eve.

Watchnight and Covenant Sunday hold major significance in the Methodist tradition. Charles
Wesley wrote a number of hymns specifically for the New Year. These hymns are featured in our
Watchnight and Covenant Sunday services.

At a time in the Bahamas and in the world when violence and evil threaten our lives and shatter
our souls, the BCMC has launched a PEACE INITIATIVE. We invite you to make a change in
your plans this year and come to Church, pray for peace and become a PEACE AGENT.

Watchnight Services will be held in the following BCMC Churches throughout the Bahamas.

Mrs. Kenris L. Carey
President of the Conference



Dr. Reginald W. Eldon
Secretary to the Conference



Rev. Dr. Laverne R. Lochart
Vice President of the Conference



Mr. Vincent A. Knowles
Treasure of the Conference

SERVICES AT 11:00 P.M.

Abaco

Rev Charles Carey
Aldersgate Methodist Church
Marsh harbour, Abaco

The Methodist Church
Green Turtle Cay

Eastern Abaco.

Rev. Dr. Stephen Hale
Epworth Methodist Church
Cherokee sound

St. Andrew’s Methodist Church
Dundas Town

St. James Methodist Church
Hope Town

Grand Bahama
New Hope Methodist church
Rev. Christopher Neely

North Eleuthera

Rev. Marie Neilly, Pastor Ednol Cash,
Rev. Carlos Thompson

The Current Methodist Church
The Current

Zion Methodist church

Current Island

Wesley Methodist church

Harbour island

Charles Wesley Methodist Church
Lower Bogue

John Wesley Methodist church
The Bluff

South Eleuthera

Deep Creek Methodist Church
Deep Creek ,

Rock Sound Methodist Church
Rock Sound

Savannah Sound Methodist Church
Savannah Sound

Tarpum Bay Methodist Church
Tarpum Bay

Wemyss Bight Methodist Church
Wemyss Bight

Andros
Wesley Methodist church
Mastic Point-PastorJonathan Rolle

. Wesley Methodist Church

Stafford Creek—Pastor Vivian Deveaux
Wesley Methodist Church
Staniard Creek - Mr. Andre Darville

Bimini
Wesley Methodist church
Alice Town — Rev. Don Portoff

Cat Island
Great Bethel Methodist church
Rev. Manette Poitier-Cripps

Inagua
Wesley Methodist Church
Matthew Town-Pastor Henry Whyte

Central Eleuthera

Rev. Godfrey Bethell
Wesley Methodist Church
Governor's Harbour
Gregory Town Methodist Church
Gregory Town

St. Mark's Methodist Church
Hatchet Bay

Wesley Methodist Church
James’ Cistern

Wesley Methodist Church
Palmetto Point

New Providence

Agape Methodist Church, Solidier Road
10:00 p.m. — Rev. Mark Carey
Ascension Methodist Church, Prince
Charles Drive —

11:00 p.m. Rev. Dr. Laverne Lockhart
Coke Memorial Methodist Church,
Bernard Road

10:00 p.m. - Pastor Charles Moss

Curry Memorial Methodist Church,

Zion Boulevard

11:00 p.m. — Rev. Charles Sweeting
Ebenezer Methoist Church, East Shirley Street
11:00 p.m. — Dr. Reginald W. Eldon
Global Village Methodist church,
Queen’s College Campus"

10:45 p.m. — Rev. James Neilly

St. Michael’s Methodist Church

Boyd Subdivision

10:00 p.m. - Rev. Philip Stubbs

Trinity Methodist Church,

Frederick Street

11:00 p.m. - Rev. William Higgs

Wesley Methodist Church, Bluehill Road
10:00 p.m. - Rev. Carla Culmer



CEDRIC JOHNSON shows damage to his red Ford F150 truck he claims was the result of an accident with Sir

Brent Dean/T ribune staff

Arlington and Lady Sheila Butler at Potter's Cay Dock on Friday afternoon.

FROM page one

with spinned me around,” he said.

Mr Johnson emphasised that he did not run
away from the scene of the accident, as may have
been the impression from some reports after the
event.

“T called the police. I called 919. I called the police
there,” he said. “I beckoned the gentleman in the
boat to get the people (the Butlers).”

The impact of the accident, he said, spun him in
the opposite direction, as was recorded in The Tri-
bune by an eyewitness. Sir Arlington and Lady
Sheila then plunged over the eastern end of the
dock into the sea. The strong current took their car
west near the centre of the harbour.

“The two of them went overboard and they pan-
icked,” Mr Johnson continued. “The two of them
panicked in the car and I had to yell at them ‘screw
the window down and come out’.”

The Butlers didn’t come out of the car right away,
Mr Johnson said, but he kept urging them to “come
out the window, come out the window.”

a

Man claims

“After a while, she came out and tried to swim. I
said, ‘don’t swim, just relax, just relax’ because the
boat was right there,” he said, referring to the small
vessel that took Lady Sheila aboard and towed Sir
Arlington to safety at the dock. The Butlers were
then pulled up aboard the larger boats docked at
Potter’s Cay.

Mr Johnson said that, along with calling police, he
gave a full statement to an officer who arrived on the

- scene, and was told he could go after doing so. This,

he said, was evidence that he did not “hit and run”
from the scene.

All he wanted now, Mr Johnson told The Tri-
bune, was for the Butlers to pay for minor damage to
the rear of his red Ford F150 truck.

Sir Arlington, he added, is a “respectable man”
and any incorrect account he may have given after
the accident indicating that the truck hit their vehi-
cle was given as emotions were high just after the
incident.

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THE TRIBUNE

MONDAY, DECEMBER 31, 2007, PAGE 9



FROM page one

but that was (the career) he wanted,” Jessica
McQuay told The Tribune after a special healing
service to honour the life and courageous ser-
vice of Constable Williams, who was gunned
down in the line of duty early Saturday morning.

“Even though that was not the path I want-
ed for him, he died doing what he loved.”

She said that, in this time of mourning,
knowing that Constable Williams died “doing
what he loved” provided some solace to the
family. The younger of two boys, Constable
Williams lived in South Andros until the age of
14 when he came to Nassau _ to attend L W
Young High School, his family said.

A resident of Yamacraw Estates, he leaves
behind no children. Ms McQuay attended the
memorial service along with Constable
Williams’ grandmother Lillian Williams, who
arrived from South Andros late Sunday after-
noon. Constable Williams’ mother is expected
to return to New Providence from the United
States today to join her family in mourning.

A contingent of police officers, religious
leaders and concerned citizens joined the fam-
ily at the murder scene last night for a special
healing service organised by Bahamas Against
Crime to pay tribute to the fallen officer.

Hailed as a “soldier who died on the battle-
field”, Constable Williams was shot in the line
of duty early Saturday morning during an
exchange of gunfire in a parking lot on
Deveaux Street near The Tribune building.

He was reportedly struck multiple times,
receiving a fatal shot to the chest as he, along
with two other plainclothes officers;
approached the suspects’ vehicle.

He was pronounced dead on arrival at the
Princess Margaret Hospital minutes later, at
about 3.10am.

Constable Williams was attached to the

Long term aspirations

North Eastern Division at Wulff Road Police
Station.

During an emotional eulogy, Sergeant Camp-
bell of Wulff Road police station described
his fellow officer, “Bill”, as a cheerful person
who never had a sad moment.

He challenged the congregation to be proac-
tive in the fight against crime by turning in
known criminals and to not turn a blind eye to
the scourge in society.

“I’m proud of Williams. When (police offi-
cers) sign on that dotted line we know that we

sign to go the last mile if necessary. Williams °

died as a soldier on the battlefield but let not
his death be in vain,” Sgt Campbell urged the
crowd. “Let us send a message to the criminals
that we are not afraid of them, that we are
prepared to reverse the fear (of crime).”

Police reports indicate that around 3am Sat-
urday, the mobile unit was patrolling the
Collins Avenue area near Doctors Hospital
when they pursued a Nissan Sentra on to
Deveaux Street. Constable Williams, along
with two other plainclothes officers, left their
marked police car and approached the vehicle.

Upon their approach, there was an immedi-
ate exchange of gunfire and subsequently Con-
stable Williams was fatally struck.

One suspect was apprehended at the scene.
After police vowed to bring the case to swift
closure, a 29-year-old male resident of. Wulff
Road turned himself into police at 10am Sat-
urday.

Around 5.30 pm, a 28-year-old male resi-
dent. surrendered to police. On Sunday, a
fourth man was arrested by police. :

Constable Williams is the first officer killed
in the line of duty for the year and the 79th
homicide for 2007, police report.

Officer gunned
down in shootout

“The 2007







se nce, The powerfu {

igious high performance




FROM page one

the vehicle, which turned the
wrong way on to Deveaux
Street, where the shoot-out
occurred.

“When they turned on to
Deveaux Street, two of the
men exited the moving car,
and immediately began run-
ning. One was shooting,” the
witness said, with the Nissan
Sentra proceeding past The
Tribune with the driver
remaining in the car. The car
reportedly stopped in front of
the law firm of Governor Gen-
eral A D Hanna, next to The
Tribune.

The police car, which was in
pursuit, followed and stopped
directly in front of The Tri-
bune where it was hit by shots
from the fleeing gunman.

“Just as the police car
stopped, this kid jumped out,”
the witness added, declaring
that Constable Williams did
not have on a bullet-proof vest
when he was hit multiple times
in the chest.

The injured officer then
staggered across the street to
the back of a yellow storage
container in the parking lot
next to The Tribune as the
gunfire continued.

Police fired at the fleeing
assailants, one of whom ran
through hedges in front of the
old 100 Jamz building still fir-
ing at Constable Williams and
the other officers as he ran.

Bullet indentations mark the
container where the slain
police officer sought shelter.

‘ Having already been mor-
tally wounded, Constable
Williams made it to the end of
the parking lot behind the con-
tainer when he fell and died.
His blood was still visible a
day later at the spot of his
death.

The two remaining officers
apprehended one of the men,
who the witness claims was the
driver, arresting him in the
street in front of The Tribune.
One of the officers was seen
crying as he arrested the sus-
pect.

Constable Williams was tak-
en to Princess Margaret Hos-
pital where he was pro-
nounced dead on arrival at
3.10am. Police confirmed that
he was not wearing a bullet-
proof vest at the time of the
shooting. A photo taken at the

time of the incident indicates
that neither of the other offi-
cers appeared to be wearing
bullet-proof vests either.

Dozens of police officers
swarmed the scene minutes
after the incident, including
Acting Commissioner Regi-
nald Ferguson and Chief Supt
Hulan Hanna, both of whom
described the incident as an
assault on the RBPF.

Constable Williams’ two
partners appeared visibly shak-
en at the scene and were
brought to tears over the sud-
den loss of their colleague.

“An assault on law enforce-
ment is an extremely serious
matter to which we will exert
all of our energy to bring this
matter to closure in (the short-
est) time possible,” said Acting
Commissioner Reginald Fer-
guson at the scene after
expressing his condolences to
the family of Constable
Williams.

Chief Supt Hulan Hanna
added: “We are concerned
when things like this. happen
because it sends a clear mes-
sage. These officers, though in
plain clothes, were driving a
marked police vehicle, and an
assault on law enforcement in
this brazen fashion is clearly
an assault on every right think-
ing and law-abiding person in
this country.”

About seven hours after the
shooting, police report that a
29-year-old man from Wulff
Road turned himself in to
police around 10am on Satur-
day.

A 28-year-old Pinewood

Gardens man later-turned.

himself. into police around
5.30pm, Asst Supt Walter
Evans said in a statement yes-
terday. A fourth suspect was
caught by police on Sunday.

Constable Williams was
described by colleagues as a
“courageous officer” who gave
his life for the force. A full mil-
itary funeral service is planned
in memory of the slain officer,
who served five years on the
RBPF.

He was attached to the
North Eastern Division at
Wulff Road Station, and was a
bachelor with no children.

The police chaplain, Father
Steven Davies, was dispatched
to counsel grieving relatives
and colleagues of Constable
Williams, Acting Commis-

sioner Ferguson told the
media.

In the wake of the killing, a
police source questioned if the
public would rally behind the
often criticised force in this
time of mourning.

“When acop kills someone,
there is an outcry,” he said. “I
wonder what outcry there will
be with this brutal killing?
Under the current law, the
hands of police are tied, and all
sympathy goes to the criminal
rather than the police.”



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One of four expected to be charged in
connection with murder was on bail

FROM page one

of the public who spoke with an officer, providing him with the
whereabouts of the individual. However, no information was giv- —

en On where the rman was arrested.

Asst Supt Walter Evans thanked the public for help with bring-

ing this investigation to closure.

Constable Williams died after being shot multiple times in the
chest in the parking lot across from The Tribune in a shoot-out at

3am on Saturday.

He was taken to Princess Margaret Hospital where he was pro-
nounced dead on arrival at 3.10am. A full military funeral will be
neld for the officer, who served five years on the force.

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PAGE 10, MONDAY, DECEMBER 31, 2007

THE TRIBUN





CARIBBEAN NEWS

Cuban housing shortage forces
divorced couples to cohabitate

m@ HAVANA "



AFTER 21 years of marriage,
Pedro Llera and his wife Maura
decided to call it quits.

Their divorce took 20 minutes,
but Llera compares what came






next to “more than a year of

open war in the house”, accord-
ing to Associated Press.
Sleeping in the same bed and
sharing a single room with their
14-year-old daughter, they bat-
tled in Cuba’s courts over who

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should stay in their second-floor,
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Estranged Cuban couples
sometimes remain under the
same roof for years or even life-
times, learning that while divorce

on the island is easy, housing is
not. The phenomenon is a tes-
tament not only to the commu-
nist-run island’s severe housing

shortage, but also to Cubans’

ability to stay friendly — or at
, least civil — under the most awk-

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PEDRO LLERA sits in his bedroom in the home where he lives with his

ex-wife in Havana, Thursday, Dec. 27, 2007. Estranged Cuban couples
sometimes remain under the same roof for years or even lifetimes,
learning that while divorce on the island is easy, housing is not.

ward of circumstances.

“In a developed country, you
get divorced and someone goes
to a hotel and then to a new
house,” said Llera, a 60-year-old
mechanic. “Here we had to keep
living like a couple.”

By law, Cubans cannot sell
their homes and because the
state controls almost all proper-
ty, moves must be approved.
Housing is so scarce, however,
that often there is nowhere to
go.
The government has long esti-
mated an island-wide shortage
of half a million homes. In 2006,
officials reported construction of
110,000 houses, one of the largest
single-year totals since Fidel Cas-
tro’s 1959 revolution. But similar
home-building initiatives this
year were slowed by the rising
costs of materials and Tropical
Storm Noel’s severe flooding of
eastern Cuba.

Another Havana resident, 45-

year-old Mirta, decided to
divorce her husband of 18 years
in 1997. The couple hired a
lawyer and signed papers amica-
bly.

But neither one could move
out. A decade later, they still
share the same two-bedroom
apartment off the famed Male-
con seaside promenade with
their sons, now 18 and 20.

“We use the same kitchen,
same bathroom. We have sepa-
rate bedrooms, but the electrici-
ty, the telephone, the refrigerator
— there’s only one,” Mirta said.
“If you're going to get dressed,
you have to hide in the bathroom
or in the bedroom. There’s no
privacy.”

She said she and her ex-hus-
band clash over utility bills and
race home from work for first
use of the stove at dinner time.

“He's had other women but
he always comes home to the
same house,” said Mirta, who
asked that her full name and pro-
fession not be published because

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she did not want to be identified
publicly as complaining about
Cuba’s housing crunch. “You
want to be independent and
open the door to your room, but
with other women there, it is
very uncomfortable.”

The shortage is exacerbated
by failed marriages. In 2006, the
latest figures available, Cuba
reported 56,377 marriages and
35,837 divorces. That’s a yearly
divorce rate of nearly 64 pércent,
though it does not account for
those married and divorced mul-
tiple times.

Breakups are so common that
Cubans joke that anyone whose
parents stay together needs a
lifetime of therapy.

“On some days there aren’t
weddings without at least one
person who has been divorced,”
said civil registrar Patria Olano,
who officiates up to 15 weddings
a day at a “Marriage Palace,” or
government-run wedding hall, in
Old Havana. “It’s happy anyway
because it’s always a new begin-
ning.”

Couples pay US$1.05
(euro0.71) for the 5-minute legal
transaction, sealed with a kiss.
Olano reads a dense paragraph
of regulations, then asks: “Are
you sure you still want to get
married?” Couples sometimes
simply nod. A sign nearby reads
“To get married, dress correctly.
No shorts, tank tops or flip flops,
please.”

On a recent Friday, Pedro
Angel Leon wore a sport coat to
tie the knot with his girlfriend of
nearly two years, Barbara
Mendez. It was his third mar-
riage, her second.

“The first marriage is for pho-
tos and parties,” said Leon, a 52-
year-old volleyball referee. “This
time everything is more calm.”

Leon moved in with his new
bride and her parents before the’
wedding. we pe

“Finding a house is the hardest
thing,” he said.



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THE TRIBUNE



CARIBBEAN NEWS

Venezuelan coastal town says Hugo




Chavez’s revolution hasn’t arrived yet

@LAS CUMARAGUAS,
Venezuela

t IN‘THIS dusty town of pot-
holed roads on the Caribbean
coast] people are fascinated with
the revolutionary changes that
President Hugo Chavez talks
about constantly on television,
according to, Associated Press.

. But) nine: years after he was
elected, many here say their lives
are virtually the same. There are
still few jobs. Running water
comes|only two days a week at
best. Paint peels from the walls
of the public school, where teach-
ers st they badly need more
books. |.

‘The state is building three
dozen concrete homes here, but
construction has dragged on while
some residents are living in quar-
ters so cramped they must string
up hammocks in their living
rooms: | |
elit they ask, is Chavez's

revolution? . ;

' “Tt hasn’t arrived yet. Not here
in Las araguas,” says Oriel
Urbina, a 48-year-old who works
gathering rock salt in the cactus-
fringed flats that run along the
beach. | |,

Although many Venezuelans
in this town believe in Chavez
and have; consistently voted for
him, their complaints reflect key
weaknesses in his political move-
ment that likely contributed to
his:first electoral defeat on Dec, 2.
j (Chavez blamed low turnout
among supporters for the rejec-

ion of constitutional changes that

ould have reshaped the econo-
my and ended presidential term
limits. He said the lesson will ulti-
mately strengthen his socialist
eeu he said, are

“necessary now and then.”

: His popularity remains high,
and he presides over an expand-
"ing economy propelled by surging
oil prices, |;

: But even some loyal backers
complain of basic deficiencies in
his rule: government corruption,
bureaucracy; rampant crime, dop-
ble-digit inflation and recent
shortages ofjitems like milk. |

“They feel disenchanted, and
that explains why they didn’t
show up” to vote, said Steve Ell-
ner, a political science professor
at Venezuela’s University of the
East. “There’s a feeling that for
all the high-sounding rhetoric and
lofty ideals, there hasn’t been suf-
ficient attention addressed to con-
crete. issues,” viii

The political test that lies ahead
for Latin America’s most out-
spoken leftist hinges on whether
he will be able to solve such prob-
lems and deliver on promises to
those who see him as a savior.

In long, fiery speeches, Chavez
talks of the socialist ideals of Karl
Marx, the example set by his
Cuban friend Fidel Castro, and
his own plans for “the first great
revolution of the 21st century.”
The constitutional proposals
rejected by voters would have
created new forms of communal
property as a step in that direc-
tion.

Yet Chavez’s utopian and egal-
itarian words often go far beyond
the changes realized so far.

While the government has cre-
ated free health clinics and uni-
versities, other aspects of society
are business-as-usual.

Consumerism is alive and well,
with the moneyed classes enjoy-
ing new cars, fine Scotch whisky
and private social clubs. Central
Bank statistics show the private
sector accounted for more of the
economy last year — 62.9 per-
cent of gross domestic product —
than when Chavez was elected in
1998, when it stood at 59.3 per-
cent.

Slum dwellers, meanwhile, wait
on long lists for public housing.
And the homeless pick through
trash heaps in spite of state pro-
grams intended to help them.

Still, government statistics
point to progress, including a
decline in the share of households
considered poor from 43 percent
in 1999 to 28 percent today.
Unemployment is down, and
gross domestic product has risen
by 16 percent on a per-capita
basis. Government surveys show
the poorest fifth of Venezuelans
have seen their share of the
national income grow by 8 per-
cent.

The overall economic perfor-
mance is a strong positive for
Chavez — especially the rapid
growth since he regained control
of the oil industry after a 2003
strike by his opponents, said
economist Mark Weisbrot of the
Washington-based Center for
Economic and Policy Research.

“For these reasons, Chavez and
the government’s public approval
is likely to remain high, and the
opposition weak, regardless of
the results of the referendum,”
Weisbrot said.

Others argue the gap between:

rich and poor has narrowed only

modestly, and that voters rejected
Chavez’s proposals in part due to
fears about his plans for a social-
ist economy. ;

Many Venezuelans still don’t
know what Chavez means by
“21st Century socialism” and are
not sold on the concept, said Yoel
Acosta Chirinos, a former Chavez
ally who once helped him lead a
failed 1992 coup.

“This defeat is the beginning
of the end for Chavismo,” Acos-
ta said. “Why? Because it hasn’t
responded to so many expecta-

BAH AM

Teachers & Salaried Workers
Co-operative Credit Union Limited

7 Te non ‘6

tions created by (Chavez’s) polit-
ical project.”

Chavez, a former paratroop
commander, recognizes govern-

‘ment programs are sometimes

inefficient and says much remains
to be done. He urges Venezue-
lans to give him more time and
get involved in building a new
socialist society.For now, many
in Las Cumaraguas are willing to
wait for Chavez to deliver mean-
ingful aid to their desolate home
on the windblown Paraguana
Peninsula.

| AN



i Re ee
Se ee i octal

MONDAY, DECEMBER 31, 2007, PAGE 11



- Leslie Mazoch/AP |

A PICK axe is stuck in a salt bed in Las Cumaraguas salt flats in -
Venezuela’s Falcon state, Wednesday, May 16, 2007. In this dusty
town of potholed roads on the Caribbean coast, people are fascinated
with the revolutionary changes that President Hugo Chavez talks about
constantly on television. But nine years after he was elected, many here
say their lives are virtually the same.

RES TDEN TS (ONCE Vor

_ WYNDHAM NASSAU RESORT"

& CRYSTAL PALACE CASINO



S} sown rin es
oh FN

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ee «

_ My fellow Bahamians and especially
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operative Credit Union, | am
pleased to greet you in the midst
of the greatest celebrations of all
times, the birth of The Messiah,
Jesus Christ, who came to bring
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thousand years ago. Yes, the Word
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us. In Him we have the greatest joy,
re sweetest peace and the highest

ope.

This significant event not only made
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but also provided us with the
_ avenue for gains that are eternal.
_ Over the past 30 years we have
_ been empowered by the Grace of
_ God, and our collective will to enjoy
a higher quality of life while helping
others to do the same - persons
from all economic and social strata
of society. We will continue to reach
out to the underserved.

In February of this year, we
celebrated our 30th Anniversary

i

and honored the founding Fathers
and eleven of the first active
members. Yes, it has been three
decades since our founding Fathers
drafted the Bye-Laws embracing
the Credit Union’s philosophy of
people helping people to help
themselv@s, which became our
guiding light. The Almighty has been
good to us for which we our
eternally grateful.

As a community-based Credit
Union, we do not only serve
teachers, but we also serve

construction workers, mechanics,

fishermen, self-employed, lawyers,

doctors, nurses and anyone who
earns a salary. Come and join this
vibrant Credit Union! Treat yourself
to a Christmas or New Year present
by joining us.

On behalf of the Board of Directors,
the Supervisory and Education
Committees, our Work-Place
Representatives and our Staff in
New Providence, Grand Bahama
and Abaco, it is a special pleasure
for me to extend best wishes for a
Holy and Blessed Christmas and a
Happy, Healthy and Prosperous
New Year to all of our Members and
Stakeholders throughout all these

Islands and Cays. May the Love of |

Jesus, the purpose of His life and
the gift of salvation touch your
hearts in a special way this
Christmas and may your New Year
be filled with Peace, Joy,
Happiness, Prosperity and Love.

MR DONALD SYMONETTE
Chairman of the Board of
Directors, TSWCCUL





-PAGE 12, MONDAY, DECEMBER 31, 2007 —

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THE TRIBUNE

M ONDAY,

DECEMBER a






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Wits sountaa n Pabe be h,

Confidence For Life



Bahamas Ferries stake

m@ By NEIL HARTNELL
Tribune Business Editor

lipper Group, the

Nassau-headquar-

tered global ship-

ping firm, is set to
take a minority 28.72 per cent
stake in Bahamas Ferries, The
Tribune can reveal.

The inter-island marine trans-
portation provider confirmed
to this newspaper that Clipper
Group was planning to take the

BISX gets four more
mutual fund listings

By NEIL HARTNELL
Tribune Business Editor

THE Bahamas International
Securities Exchange (BISX)
today finishes 2007 with a flour-
ish through the listing of four
more mutual funds, its chief
executive telling The Tribune
he hoped that exchange control
liberalization would attract
more market players and stim-
ulate the development of extra
wealth-creation products for
Bahamians.

Apart from the Fidelity
Bahamas International Invest-
ment Fund Class N-Series,

~-whose $10million offering-was
recently fully subscribed by
Bahamian institutional and

* Exchange ends
2007 with a bang,
as Fidelity and
CFAL funds list

retail investors, also listed on
BISX from today will be three
funds managed by CFAL (the
former Colina Financial Advi-
sors — the CFAL Global Bond
Fund, the CFAL Global High
Equity Fund, and the CFAL
High Grade Bond Fund.
These listings take the num-
ber of investment funds listed

SEE page 2

Company unveils
asue savings plan

@ By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

A NEWLY-established busi-
ness is making it possible for
Bahamians to receive quick
financial assistance, in addition
to providing a venue for a year-
long savings plan.

E Z Cash Ltd is providing
salary advances for Bahamians
through salary deductions. But
from January, the company is
offering a new service for its

. clients, EZ asue, which will

allow them to save money -

» throughout the year by making
' sustained monthly savings.

Melissa Carey, owner of E Z
Cash Ltd, told Tribune Busi-
ness that the company’s goal
was to fulfill a community need
by providing access to quick
cash for persons who may find

themselves with a financial ,

emergency. Yet the new asue
service will encourage persons
to implement saving as part of
their routine.

Ms Carey, who has a back-
ground in banking and is herself
an accountant, said the compa-
ny, which opened in October,
provides salary advances - based
on salary deductions - as the

SEE page 6

South Ocean moving slowiy J

@ By CARA BRENNEN-
BETHEL ‘
Tribune Business
Reporter

THE $867 million investment
: project to revitalise the South
‘Ocean Golf & Beach Resort
‘project. is moving slowly,
‘according to the Director of
Jnvestments in the Office of the
Prime Minister.

David Davis told Tribune
Business that there was very lit-
tle to report on the develop-
ment planned for the south-
western end of New Provi-
dence, which is being led by
New York-based RHS Ven-
tures, a development company
headed by investor Roger Stein.

'“T couldn’t say what is going
on with the project at this time.

ott

I know that it has been
approved and there is confir-
mation on funding,” Mr Davis
said, when asked of the projec-
t’s progress.

The Tribune.was last told that
RHS Ventures and Mr Stein
were working through the
acquisitions of all the land they
require for the project. There
are four separate landowners
they are dealing with, including
the New Providence Develop-
ment Company and the hotel’s
previous owner, the Canadian
Commercial Workers Industry
Pension Plan (CCWIPP).

The South Ocean develop-
ment set to include a 140-room
five-star and 400-room four-star

SEE page 8

equity stake in the company, a
move that is likely to give
Bahamas Ferries access to
greater capital and financing
power, coupled with maritime
industry expertise and technol-

* Nassau-headquartered global shipping operator set for minority
equity share in inter-island ferry service provider
* Deal awaiting regulatory approval _

ogy. mee * Bahamas Ferries chief warns rising fuel prices, financing and

Responding to The Tribune’s
inquiries, after this newspaper
was tipped-off about the deal,
Bahamas Ferries said in a state-
ment that both it and Clipper
Group were now working to:
obtain final regulatory approval

from the relevant Bahamian
authorities.
Among those regulators like-

maintenance costs are main barriers to owe

ly to be theaived are the Central’
Bank of the Bahamas for
exchange control LapPrONel, and

SEE page 6

‘Sticky situation’ for Bahamas regulator over problem fired

@ By NEIL HARTNELL
Tribune Business Editor

THE Securities Commission is in “a very
sticky situation” in trying to deal with a
multi-million dollar Bahamas-based invest-
ment fund whose prime Canadian broker
has been placed into provisional adminis-
tration by the Quebec regulators. They are
alleging that the investments made through
the fund were “illegal”.

The latest potential investment fund scan-
dal to hit the Bahamas involves the Ivest
Fund Ltd, the chief entity through which
Montreal-based Triglobal Capital Man-
agement funnelled and placed millions of
dollars in retail investor monies.

A provisional administrator for Triglob-
al was appointed on December 20, 2007,
following a request from the Quebec secu-
rities regulator, the Autorite des marches

~ financiers (AMF). *

The AMF said an investigation into
Triglobal had raised concerns that the com-

<

THE DAVIS FAMILY ‘

pany had been ane
ing “illegal invest-
ments in tax havens”
through the
Bahamas-domiciled
Ivest Fund and
Focus Management,
an investment vehi-
cle registered in the
Cayman Islands.

Among the
AMF’s allegations
were that Ivest’s
external auditors
had refused to approve its financial state-
ments, on the grounds that they were
unable to “validate the source” of some
$20 million that the Bahamian investment
fund placed with its Cayman counterpart,
Focus. The AMF petition alleged that this
amounted to some 40 per cent of Ivest’s
assets under management; suggesting that
the fund’s estimated total assets under man-
agement amount to $50 million.

-,

Hillary Deveaux



* eunadian booked Mecuised of
making ‘illegal investments’
in Bahamas-domiciled fund

* Auditors refuse to sign off on

accounts due to issue with 40%
of $50m fund’s assets

* Administrator has resigned,
with Commission looking to —
deal with situation

When contacted by The Tribune about
the situation concerning Ivest and Triglob-
al, Hillary Deveaux, the Securities Com-
mission’s executive director, confirmed that
the Bahamian regulator was aware of the
situation and now working out how to deal
i it.

SEE page 4



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PAGE 2B, MONDAY, DECEMBER 31, 2007

ME Soe A pe
BISX gets four more mutual fund listings

‘FROM page 1

on BISX to 18, and: Keith

Davies, its chief executive, said:

“It’s a heck of a way to end the
ear.”

He told The Tribune that he
hoped the performance — and
experience — of the investment
funds created by Fidelity and
CFAL, exploiting the Central
Bank of the Bahamas’ exchange
control liberalization pro-
gramme, would encourage that
regulator to increase’the US$
allocation made available for
such investment vehiclés;";

Mr Davies said he hoped the

Central Bank would:se@'that
such liberalisation would not

have a damaging effect on the



Bahamas’ foreign exchange
reserves. He added that
exchange control liberalisation
was now working in a tangible
way to both create wealth for
Bahamian investors, through
international investment oppor-
tunities, and stimulate the cap-
ital markets.

“It just goes to show that as
you give opportunities, people
can develop products to fit the
market and regulatory structure
in place,” Mr Davies said. “It’s
given people the chance to be
creative. We have some of the
best people in the market, and

this now is the fruits, of their

creativity. ,
The goal’ is to: mayen the

‘encumbrances on Bahamian
investors to move out of, the

my 5
ae “.
orcs

country smoothly and seam:
lessly, and allow the spread of
wealth to a wider population.”

Describing Fidelity and
CFAL’s mutual funds as “a
good first step” towards achiev-
ing this goal, Mr Davies said all
four listings had been approved
by the Central Bank, Securities
Commission and BISX Listings
Committee.

“The only thing that needs to
happen now is that more inno-
vative products come forward,
and more players come; to the
market to take advantage of the
opportunities,” Mr Davies
added.

“Over the course of the next
year, we will see additional list-

ings on BISX in the mutual

‘funds arena. When we see more

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of these funds listing on the
exchange, more people will take
notice of what we’re doing.”
Mr Davies said he had
focused on getting BISX’s
domestic market, and its ser-
vices, straightened out first. His
strategy of growing in small
steps, rather than in one big
leap, is also starting to bear
fruit, having learnt from the
mistakes of 2000-2002 that
plunged the exchange into crisis,
one that it thankfully survived.
It now seems set to prosper.
By showing that BISX could
provide a “high quality, high
level service” to the domestic
Bahamian market, Mr Davies
said that as a result, “what we
are beginning to see are inter-
national inquiries on how peo-

The American Embassy

ple can become involved with
BISX on a meaningful level”,
This, in turn, was laying the
foundations for future growth.
The Fidelity Bahamas Inter-
national Investment Fund,
administered by Royal Fidelity
Merchant Bank & Trust, pro-
vides investors with principal
protection — ensuring their prin-
cipal will be returned at the end
of the investment period - while
allowing them the ability to

enjoy the upside from an under- .

lying index.

The four indices the fund will
track are the iShares Emerging
Markets Index; the S&P 500;
the Dow Jones STOXX 500
(Europe) and the Nikkei 225
Index (Japan).

Meanwhile, the CFAL Glob-

applications for the following:

Realty Assistant

Serves as
Housing
administering

the
Office
and

senior member
working

managing

THE TRIBUNE

al Equity Fund will invest in a
global portfolio of equity secu-
rities, targeting established com-
panies whose stocks have the
potential to appreciate.

The CFAL Global Bond will
invest in a global portfolio of
investment grade and non-
investment grade fixed-income
securities, while the CFAL High
Grade Bond Fund will invest in
funds that trade — and employ
leveraged carry trades — with
instruments subject to daily val-
uations. These include US
agency mortgages, US trea-
suries and collateralized repur-
chase agreements,

The CFAL High Grade Bond
Fund will be administered by
Bahamas-based Genesis Fund
Services.

is presently considering

of the GSO

interdependently in

the complex

legalities and details of an interagency housing pool
that spans from New Providence to Grand Bahama

This position

is

following qualifications;

open to candidates with the

An Associate Degree in the area of Business
Administration, real estate or a related field.
Two years of experience in real estate
leasing/ contracting, property management
or related field required.
Must have a good working knowledge of
general office procedures, Microsoft Office

~ Suite and data base management.

J

PERSONAL ATTRIBUTES: $

Must have ability to meet deadlines ina .
timely manner and work independently with
minimum supervision

BENEFITS PROVIDED INCLUDE:

The successful candidate will be offered an excellent
compensation package including performance-based
incentives, medical and dental insurance, life insurance,
pension and opportunities for training development.

Applicants must be Bahamian citizens or U.S. citizens
who are eligible for employment under Bahamian laws
and regulations.

Application fori: are available from 8:00a.m. to

5:00p.m. Monday through Friday at the security area
Completed

of the American Embassy, Queen Street.
applications should be returned to the Embassy ad-
dressed to the Human Resources Office no later than

Friday, January 11, 2008.





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Le me



THE TRIBUNE MONDAY, DECEMBER 31, 2007,PAGE3B_—s!









‘Fair value’ defence
to knowing use of

Proceeds of Crime

CFATF report
exposes major flaw
in Bahamian law

@ By NEIL HARTNELL

Tribune Business Editor

A PERSON may escape con-
viction in the Bahamian courts
if they can show they paid a
‘fair valuation’ for money, prop-
erty and other assets they knew
were obtained from criminal
conduct, the Caribbean Finan-
cial Task Force (CFATF) has
warned.

In its assessment of the
Bahamas’ anti-money launder-
ing and anti-terror financing
defences, the CFATF, the
regional affiliate of the Paris-
based Financial Action Task
Force (FATF) that ‘blacklist-
ed’ the Bahamas in 2000, iden-
tified a potential weakness in
section 42 (2) of the Proceeds of
Crime Act.

While the Bahamas’ Direc-
tor of Public Prosecutions
Department had said this sec-
tion’s provisions were only
intended to apply to persons
who did not know or suspect
assets they acquired were
derived from crime, the
CFATF said that because the
Bahamian courts had not been
asked to rule in this area, the
Act had to be given its literal
interpretation and effect.

“The provisions of section 42
(2) of the Proceeds of Crime
Act, prima facie, would seem
to allow a person accused of
acquiring, using or possessing
property, knowing or having
reasonable grounds for sus-
pecting that the property is —
or represents — proceeds of
crime, a defence if he acquired
or used or had possession for
adequate consideration,” the
CFATF said.

As a result, an accused per-
son could escape conviction if
lie ould prove he acquired
criminally- -derived assets for a

fair consideration, something
the CFATF said meant that the
Bahamas was in non-compli-
ance with the Vienna and Paler-
mo anti-crime conventions.

In addition, the CFATF not-
ed that the Bahamas’ listing of
predicate offences also fell short
of the FATF’s listing of such
offences, in areas such as arms
trafficking, insider trading and
market manipulation, smug-
gling, goods counterfeiting and
product piracy.

However, the CFATF said
the Bahamas had enjoyed “rea-
sonable success” in using the
anti-money laundering frame-
work that was enacted by Par-
liament in 2000. This was
despite the Government’s own
admission that there was a
“need for greater resources,
both in terms of manpower
(particularly in the Director of
Public Rrosecution’s office) and
streamlining of the court sys-
tem to move cases speedily
through....... 2

The CFATF said that from
2000 to November 2007, some
17 persons had been charged
with money laundering by the
Tracing & Forfeiture/Money
Laundering Investigations
(TF/MLIS) Section of the Roy-
al Bahamas Police.

Out of this number, some
seven had been convicted by
the courts, while another sev-
en’s case were ongoing. Two
accused who had subsequently

fled the Bahamas had seen their
property confiscated.

The TF/MLIS had forwarded
some 21 suspicious transactions
reports (STRs), out of the total
sent to it, to the police force’s
commercial crime unit (CCU)
for further investigation, most
of these related to alleged fraud
committed abroad.

The TF/MLIS unit received
38 STRs in 2002, 60 in 2003, 54
in 2004, and 61 in 2005. All
STRs were forwarded to it by
the Financial Intelligence Unit
(FIU). Some 91 per cent of all
STRs were filed by Bahamas-
based banking institutions.

When it came to dealing with
terror financing, the CFATF
report warned that problems
existed with the Anti-Terror-
ism Act’s stipulation that an
order to freeze funds or bank
accounts suspected of being
used for terrorism could only
be made by a Bahamian court if
reciprocal arrangements were
in place in the requesting state.

This, the CFATF said, “can
potentially obstruct a critical
request for freezing, depending
on the state of the requesting
country’s laws in this area”. It
urged that this section of the
Act be amended, and also
called on the Bahamas to clari-
fy whether 18 months was “an
absolute outer limit for freez-
ing” fund and bank accounts
suspected of being terror-relat-
ed.

VACANCY FOR THE POSITION OF:

LITTER RTM ETI E TSI



a + eee =

APPLICATION SUPPORT TECHNICIAN

Core Responsibilities:

¢ Provides support and maintenance of core applications and
database infrastructure.
Assists with documentation and maintenance of technical
standards and operations.
Troubleshoots system and application problems, including
issues and servers. .
Reviews and tests technologies for potential purchase by
researching computer industry information.
Interfaces with all staff and IT vendors in carrying out duties.
Performs application installations and configurations,
preventative maintenance and repairs.
Executes, coordinates and assists in the implementation of
new technologies.

Knowledge Skills and Abilities:

Advanced knowledge of Oracle 8 a must (SQL 2003 and
Microsoft Access a plus) to manage and Support Central
Database Systems.
Advanced knowledge of AIX Unix 5.0 and various Windows
operating systems to provide help desk support and to
troubleshoot end-user and back office systems.
Knowledge of networking, especially protocols in use by
company to troubleshoot and rectify the source(s) of network
problems.
Analytical and problem-solving skills to assess issues and
technical information, examine alternatives, and use judgment
to provide reasoned recommendations.

¢ Must be open to new technology and ability to problem solve

in support of the network and central database systems.

¢ Bachelor of Science degree in a computer-related field, industry
standard network certifications required, plus two (2) or more
years of proven network systems experience. Projessiona , Jnsurance

Consultants

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 December 31st,
2007 to:

aa Bay a a Blake Road « P O. Box C
www. picinsure.com ¢ MeO Netty

Ph: (242) 27-2142/3/5 + Fax: (242),

LLL Our ON ee

DA #04445A
c/o The Tribune
P.O. Box N-3207

Nassau, Bahamas





The public is to be advised that Mr. Horace
Faqurhason of Armored Express (Bahamas)
Limited is no longer employed by the compa-
ny and is not authorised to transact any busi-
ness in the name of the company.

All outstanding matters, connected with Mr.
Farquharson and the company, should be re-
ferred to:





PAGE 4B, MONDAY, DECEMBER 31, 2007

NOTICE

PUBLIC NOTICE

RE: MR. HORACE FARQUHARSON

The Chairman
Armoured Express (Bahamas) Limited
P.O. Box 4499

_ Nassau, Bahamas
Tel: 323-4430 or 323-5885



Armoured Express (Bahamas) Limited

VACANCY FOR THE POSITION OF:
NETWORK OPERATIONS TECHNICIAN

Core Responsibilities:

Provides user support for the company’s networked systems, by
investigating and performing resolutions to problems that are
reported.

Performs routine installations, preventative maintenance and
repairs to hardware, operating systems and application
installations.

Troubleshoots system and application problems, including issues
and servers.

Assists with documentation and maintenance of technical
standards and operations.

Assists with the implementation of new technologies and
information systems and the ee and disposal of
old technologies.
Assist with the administration of the company’s networked anti-
virus and data back-up systems by checking that these systems
are current and operate as scheduled.

Knowledge Skills and Abilities:

Advanced knowledge various Windows operating systems to
provide help desk support and to troubleshoot end-user and back
office systems.

Sound knowledge of computer hardware to execute hardware
repairs and upgrades.

Basic knowledge of networking, especially protocols.in use by
the company to troubleshoot and assist in rectifying network
issues.

Analytical and problem-solving skills to assess issues and
technical information, examine alternatives, and use judgment
to provide reasoned recommendations.

Must be open to new technology and ability to problem solve
in support of the network and central database systems.
Associates degree in a computer-related field, industry standard
network certifications required, plus two (2) or more years of
proven technical support and network systems experience.














THE TRIBUNE



‘Sticky situation’ for

Bahamas regulator
over problem fund

FROM page 1

He said: “It’s something
we’re aware of, and are trying
to address in the Commission.

“Hopefully, we will be able
to address this in very short
order. We’re trying to deal with
this in the most prudent way
possible. We are definitely
going to be seeking legal advice
on how we move forward on
this matter.”

According to the AMF peti-
tion, Ivest’s registered address is
the British Colonial Centre of
Commerce, One Bay Street,
Suite 400, PO Box N-3935 in
downtown Nassau. A check of
the Securities Commission’s
website listed Ivest’s last fund
administrator as Genesis Fund
Services.

Inquiries

Inquiries by. The Tribune
revealed that Genesis Fund Ser-
vices has resigned as Ivest’s
administrator. There is nothing
to suggest that Genesis, nor its
officers, directors, shareholders
and employees, have done any-
thing wrong in relation to the
Ivest and Triglobal situation.

However, this is understood
to have left Ivest operating
without a Bahamas-based fund
administrator, meaning that it
is effectively breaching the
Investment Funds Act 2003 and
operating illegally.

This means the Securities
Commission, if it chose to do
so, could automatically appoint
a receiver/liquidator for Ivest
and place the fund into liquida-
tion. However, the regulator is
still weighing up and assessing
its options, with the protection
of investors in Ivest and their
investment paramount.

Yet the Securities Commis-

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rea

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sion is understood to also not
want to jeopardize the Canadi-
an investigation into Triglobal,
with a request for assistance —
and the production of records
and financial information — hav-
ing already been received from
the Canadian authorities. Pro-
tecting the Bahamas’ jurisdic-
tional reputation is also under-
stood to be a concern.

“It’s a very perplexing situa-
tion. It’s a very sticky situation
for the Commission to be in,”
said one source familiar with
the situation. “But it has an
opportunity to deal with this
fund in a very effective man-
ner.”

The AMF said its investiga-
tion into Triglobal revealed that
between 1997-2007, the compa-
ny solicited Quebec residents
through agents, representatives
and its own officers to invest in
Ivest and Focus.

The principal amount invest-
ed varied from $10,000 to
$350,000, but the AMF alleged
that investors had recently
found it difficult or been unable
to recover their money, that the
investments were “illegal”, and

that Triglobal was not regis-_

tered as a broker/dealer.

In addition, the AMF alleged
that Triglobal and its officers
had attempted to hinder the
investigation, appointing the
provisional administrator on
December 24, 2007, to take con-
trol of the company and pre-
serve its assets.

Meantime

In the meantime, Ivest has
been ordered by the AMF not
to dispose of any assets that it
has in its possession, and also
to cease operations.

The Bahamas has suffered its
share of major investment fund

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scandals in recent years. They
include the $260 million Oracle
Fund, which ultimately led to
Fortis Fund Services (Bahamas)
leaving the jurisdiction; the $448
million Olympus Univest/Mosa-
ic Composite debacle, which led
to Cardinal International’s
winding-up and investors fac-
ing the prospect of recovering
just 6-9 per cent of their princi-
pal investment; the collapsed $1
billion Alto Funds managed by
Dieter Behring, which were
domiciled in the Bahamas; the
$80 million M J Select Global
Fund, which led to the disinte-
gration and downsizing of
Oceanic Bank & Trust; and the
$17 million Ardent Research
fund.

Situation

The Ivest fund situation may
again prompt calls for the
Bahamas to look closely at fur-
ther beefing up the Securities

' Commission’s regulatory and

enforcement powers, and the
sanctions that it can levy, as sug-
gested by last week’s Caribbean
Financial Action Task Force
(CFATF) report.

Yet one source pointed out
that the number of problem
Bahamas-domiciled funds was .
relatively insignificant, given
that more than 700 were based
here, even though they
acknowledged that such situa-
tions could again draw the
unwanted attention of bodies
such as the CFATF’s parent,
the Financial Action Task Force
(FATF).

The source said: “It’s not
much compared to the amount
of funds operating in the juris-
diction, but any time this hap-
pens.it has a tendency to affect :

‘the reputation of the jurisdic- ‘

tion.”

HP PRINTERS FROM $68.00
HP SCANNERS

Ser

MO uta: 5
ann By ae

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 December 31st 2007
PROG vii Seinen atch

DA #04445B
c/o The Tribune
P.O. Box N-3207

Nassau, Bahamas

COLLINS AVE, &
PHONE: ¢





THE TRIBUNE

MONDAY, DECEMBER 31, 2007, PAGE 5B



Mel ho eae er a ae
Bahamas weak on cross-

border cash defences

@ By NEIL HARTNELL
Tribune Business Editor

THE Bahamas needs to

“implement a more rigorous
system of cross-border disclo-
sure and declaration” when it
comes to moving cash and
non-negotiable monetary
instruments out of the coun-
try, an international body
warning that the current sys-
tem “lacks effectiveness”.

The Caribbean Financial
Action Task Force (CFATF),
in its report on the Bahamas’
anti-money laundering and
anti-terror financing defences,
said this nation’s current sys-
tem for monitoring the cross-
border movement of cash and
bearer instruments carried by
people arriving/departing was
not effective because Customs
and Immigration officers gen-
erally did not ask passengers
to disclose the sums they were
carrying.

“The customs forms admin-
istered to passengers do not

make the passenger aware of
the fact they are responsible
for ensuring that there is no
breach of the Exchange Con-
trol Regulations or the Cus-
toms Management Act,” the
CFATF report said, “as there
currently exists for the US Pre-
clearance Act.

:’This has led to difficulties
in prosecuting persons found
in possession of undeclared
amounts of cash, but who have

“not been required to make a

disclosure by the Immigration
or Customs authorities.” This,
the report said, had been
backed by Bahamian court rul-
ings.

Adding that the legal frame-
work requiring declarations on
the cross-border transporta-
tion of cash or bearer instru-
ments was not in place in the
Bahamas, the CFATF said that
while Bahamas Customs told it
that it had submitted suspicious
transactions reports (STRs) to
the Financial Intelligence Unit
(FIU), the FIU’s own data

ECS A 2
BUS rare 7a

Legal Notice

NOTICE

WEATHERFORD LIMITED

NOTICE IS HEREBY GIVEN as follows:

(a) WEATHERFORD LIMITED is in voluntary

showed that no such reports
had ever been made by the
Department.

With the Government
unable to provide definitive
statistics on the movement of
cash in and out of the
Bahamas, the CFATF recom-
mended that this nation
“implement a more rigorous
system of cross-border disclo-
sure and declaration” to meet
the Financial Action Task
Force’s (FATF) anti-terror
financing requirements.

Under the US Preclearance
Act, passengers leaving the
Bahamas for the US are
required to disclose whether
they are carrying sums of mon-
ey equal in value to $10,000 or
more. Yet for passengers com-
ing into the Bahamas, “there is
no obligation to provide a writ-
ten declaration for sums being
brought into the country”, the
only defence being whether an
immigration officer feels like
asking the question.

The CFATF report said:
“The examiners were not
shown any evidence that trav-
ellers into the Bahamas or out-
going passengers to countries
other than the United States
were made aware of their
obligations not to breach the

Customs Management Act or
the Exchange Control Regu-
lations.”

This, the report added,
would cause the Bahamas
problems when it came to
prosecuting anyone taking
large amounts of cash, which
was suspected to be the pro-
ceeds of crime, out of the coun-
try. “The examiners take the
view that the authorities would
be constrained in seeking to
use the Proceeds of Crime Act
to forfeit cash seized on the
basis of a failure to disclose or
declare pursuant to either the
Exchange Control Regulations
as applied by the Customs
Management Act section 114,”
the report said.

MLL:

GRY

Excellent business
opportunity, Bay Street,
2 minutes distance from



cruise ship terminal.
or: Te
359-3728

Ministry of Finance







dissolution under the provisions of Section 137(4)
of the International Business Companies Act 2000.

(b) The dissolution of the said company commenced on
the 28th December, 2007 when the Articles of
Dissolution were submitted to and registered by the
Registrar General.

(c) The Liquidator of the said company is Mr. Paul Evans

of Helvetia Court, South Esplanade, GY1 4EE, St.
Peter Port, Guernsey

Dated this 28th day of December, A.D. 2007

Mr. Paul Evans
Liquidator



Legal Notice

NOTICE

SEMPLE LIMITED

NOTICE IS HEREBY GIVEN as follows:

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

(b) The dissolution of the said company commenced on
the 28th December, 2007 when the Articles of
Dissolution were submitted to and registered by the
Registrar General.

(c) Thé Liquidator of the said company is Verduro
Associated Ltd. of Pasea Estate, Road Town,
Tortola, British, Virgin Islands

Dated this 28th day of December, A.D. 2007

Verduro Associated Ltd.
Liquidator

Legal Notice

NOTICE

DORANA ROT LIMITED

NOTICE IS HEREBY GIVEN as follows:

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

(b) The dissolution of the said company commenced on
the 28th December, 2007 when the Articles of
Dissolution were submitted to and registered by the
Registrar General.

(c) The Liquidator of the said company is Verduro

Associated Ltd. of Pasea Estate, Road Town,
Tortola, British, Virgin Islands

Dated this 28th day of December, A.D. 2007

Verduro Associated Ltd.
Liquidator

THE BANKS. AND TRUST COMPANIES REGULATION ACT, 2000
x 4

Notice is hereby given that the Governor, pursuant to Section 18(1})(a)(iii) of the Banks

and Trust Companies Regulation Act, 2000, has revoked by Order dated the 14"

December, 2007, the banking licence granted to Bank Fir Handel Und Effekten

(Overseas) Limited (now called “Clariden Leu (Overseas) Limited”) on 19" May, 1971 on

the grounds that the company has been voluntarily liquidated.

Signed: Wendy Craigg
Govemor
The Central Bank of The Bahamas

Legal Notice

NOTICE
CRYSTALLITE SEAS INC.

(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on the
12th day of December 2007. The Liquidator is Argosa
Corp. Inc., PR.O.Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE
CICLAMINO LIMITED

(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on the
24th day of December 2007. The Liquidator is Argosa
Corp. Inc., P.O.Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)



To All My
Valued Clients



TAm No Longer Employed
With Lampkin & Company

Cindy John

Real Estate |

ed

TMU PRnRReNriretOn Tiny (nina ea To COTE rena

| Everywhere The Pe Te



Legal Notice
NOTICE
RUNNING RIVER INC.
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on the
28th day of December 2007. The Liquidator is Argosa
Corp. Inc., P.O.Box N-7757 Nassau, Bahamas.

ED

ARGOSA CORP. INC.
(Liquidator)






COMMONWEALTH OF THE BAHAMAS 2007/CLE/ gen/00096
IN THE SUPREME COURT
Common Law and Equity Division

BETWEEN

COMMONWEALTH BANK LIMITED
Plaintiff
























AND
WILFRED A. TINKER
. Defendant

TO: WILFRED A. TINKER
TAKE NOTICE that:



1. A Sunimons and Supporting Affidavit both filed on
the 14th of June 2007 have been issued-against you in
the Supreme Court of The Bahamas being Action No.
2007/CLE/gen/00096 by Commonwealth Bank Limited,
the Plaintiff herein. The Hearing date of the Summons
has been adjourned and is now set to be heard on the
8th day of February A.D., 2008 at 12 noon before the
Registrar, Mrs Donna Newton whose chambers is
located on the 3rd Floor Ansbacher House, East Street
North, Nassau, Bahamas. Details of the claim are set
out in the Affidavit of Lernix Williams filed on the
14th of June 2007.

2. On the 30th day of November A.D., 2007 the Court ,
ordered that the Summons and Affidavit are deemed
to be served on you by this advertisement.











Otherwise Judgment will be entered against you
pursuant to Order 73 rule 3 of the Rules of the Supreme
Court 1978. :



Date the 27th day of December A.D., 2007

GRAHAM, THOMPSON & CO.
Chambers,
Sassoon House,
Shirley Street & Victoria Avenue,
Nassau, Bahamas.
Attomeys for the Plaintiff



PAGE 6B, MONDAY, DECEMBER 31, 2007

THE TRIBUNE

Ma Ss a. Ve
Clipper Group to take Bahamas Ferries stake

FROM page 1

the National Economic Council
(NEC), which is really the Cab-
inet. Such approvals are neces-

sary because the Clipper Group

isa is a foreign-owned entity.

In its statement, Bahamas |

Ferries said Clipper Group’s

purchase of an equity stake in .
the company would enable it to,
further expand its fleet, and .

enable its maintenance and
infrastructure to keep pace with

customer demand.

‘Craig Symonette, Bahamas

_ Ferries’ chairman, said: “The

challenge we have in this busi-

|ess.is the rising cost of fuel and

the high cost of maintenance
and financing, which will con-
tinue to hamper our growth.”

- Given its reliance on ferries

, and, other maritime transport

vessels, Bahamas Ferries’ busi-

The American. ‘Embiey., is presenily considering
applications for the following:

Senior Management Assistant

Serves as the Senior Assistant to the Management

Officer; ICASS
Technologies

Services/Support.

‘Coordinator; | Management
Coordinator and Administrative ©

This position is open: to ‘candidates with the

following qualifications;

A University degree i in administration,
finance businéss administration or.

communication. :

Five years‘of experience in eee

administrative work. -

ness is heavily capital intensive,
and also dependent on mainte-
nance to keep its ocean-going
fleet in service to meet customer
needs,

The company has already
invested heavily, the sum
involved believed to be about
$4-$5 million, in contracting for
a new vessel to replace the Bo
Hengy, which serves the route
from Nassau to Spanish Wells,
Harbour Island and Governor’s
Harbour. The new boat will be
double the Bo Hengy’s passen-
ger capacity.

Meanwhile, the surge in glob-
al oil prices had forced
Bahamas Ferries to impose a
fuel surcharge on passenger
tickets from. November 26,
2007. The surcharges were $5
per passenger and $15 per vehi-
cle, oil prices having risen from
$26 per barrel when the com-
pany first started in 1999 to
around $90 now.

Referring to the arrangement

ASUE, from 1

primary source of repayment.

“We have a number of com-
panies where we work with the
human resources person, and
they will assist us and the
employee with the repayment,”
she said.

Ms Carey added that the sys-

. tem works well for persons who

may prefer not to use a tradi-
tional lending institution.
“There are other companies
out there who provide lending
services, but what makes us dif-
ferent is they will ask for col-

__ lateral, whereas we only require

with Clipper isin: Mr Symon-
ette said: “Clipper’s interest in
the Bahamas extends far
beyond their decision to make
the Bahamas their home. The
group would like to participate
in a more meaningful way by
providing local maritime busi-
nesses with access to their glob-
al network, which will strength-
en our competitiveness and
assist in the long-term viability
of the sector to the benefit of all
local participants.”

Therefore, having Clipper
Group as an equity and strate-
gic partner holds out the
promise of Bahamas Ferries
being able to access additional
capital and financing to support
its business growth, as well as
Clipper’s expertise in all aspects
of the maritime industry.

Clipper Group, whose origins
can be traced back to 1972,
operates around 250 vessels
globally, owning some 100 of
those itself.

salary deductions,” she
explained.

Once the client is given the
salary advance, they have a
month to repay the funds.

Working with the human
resources person at the employ-
er reduces EZ Cash’s risk, Ms
Carey explained.

The company’s newest prod-
uct offering is the EZ Asue,
which comes on stream at the
beginning of the New Year. It
will provide Bahamians with a
chance to save towards Christ-
mas.

“Persons will decide on how

The company moved its cor-
porate head office‘to Nassau in
1997, about a decade ago, its
website describing Clipper
Group as having established
“strong and close links to the
Bahamian authorities”. The vast
majority of Clipper’s vessels fly
the Bahamian flag, and are reg-
istered on the Bahamas Ship
Registry.

Clipper Group is headed by
its chairman and chief execu-
tive, Torben Jensen, who is also
a permanent resident of the
Bahamas. Fleet operations are
managed from Denmark, and
the company has expanded
rapidly in recent years, embark-
ing on an extensive vessel. new-
building programme as it shift-
ed from being a ship operator to
a ship owner.

The Bahamas Ferries’ equi-
ty stake is likely to fit well with
another aspect of its strategy,
which has seen Clipper Group
move into the global ferry busi-

much money they want to put in
each month, and then the mon-
ey will be available to them on
December 1, 2008. The only
thing is that once they decide
on the amount of money that
they want, they will have to
make that payment consistent-
ly,” Ms Carey said.

The company’s fees for the

ness.

services the Irish sea market,
and in the New Year is set to
take control of two Danish com-
panies: involved in that coun-
try’s inter-island ferry trans-
portation business.

In-that. latter deal, Clipper
Group said it was planning to
create'a “large Danish domestic
ferry shipping company”. The
potential, synergies . with
Bahamas Ferries and the equity
stake taken there are obvious.

Bahamas Ferries was itself
formed from the merger of
Bahamas Fast Ferries and

Bahamas Searoad, the latter |

being the entity that operated
the M/V Sealink and M/V Sea-
wind. Apart from Harbour
Island and Eleuthera, the com-

pany's vessels also serve Fresh -

Creek and Morgan's Bluff in
Andros, Sandypoint in Abaco,
The Current, and Exuma.



service will be deducted from
the total amount of funds in
December, before the money is
returned to the client, Ms Carey
added.

It owns Seatruck Ferries, a>-
roll-on/roll-off ferry service that }

Persons interested would —

need to provide a job letter,
national insurance, passport,

two pay slips and pay role .

deduction verification, she said. ~

PERSONAL ATTRIBUTES:

Must demonstrate. strong computer skills,
including facility. with Microsoft office Suite,
data based ns.and population of web
‘pages, and familiarity with other electronic
tools. +

Must have experience ‘with budgeting and
event planning

Must be able to work independently, display
good people skills and have strong tact and
diplomacy skills.

Must be fluent in English, both spoken

and written, and be able to prepare clear and
concise briefing paper letters, etc.

BENEFITS: ‘PROV D INCLUDE:
Tiie successful.. candidate will an.excellent...J...
compensation package including performance-based
incentives, medical: and dental insurance, lifé,inStrance; :.
pension and Opportunities for. training development.

Do you have to spend more than just a few days in
Nassau or Freeport and neéd somewhere to live? Do
you want to save money and not pay ‘tourist
charges for a small cramped up hotel room?

NOTICE

This is to inform the general public that the private
roadways and parking areas situate in the
Harbour Bay Shopping Centre between
East Bay Street and Shirley Street will be closed
on Tuesday the Ist of January, 2008 in order to

_ preserve the right of ownership therefore.

“The Owners:

Then check out Stop-n-shop home away fram home program.
Rent a tastefully furnished apartment in a nice residential area for
a week or more at a fraction of what it would en for a hotel
room of a similar standard.

Contact the shopkeeper at
Shopkeeper@stopnshopbahamas.com or call the
stop-n-shop at 1-242-394-4949 or visit our offices on East Bay
Street located 300 yards east of Mackey Street and the Old
Paradise Island Bridge. is

2am era 2h PL





Applicants must be Bahamian citizens or U.S. citizens
_ who are eligible for Seetorpent under Bahamian laws
and regulations.

Application forms are available. from 8:00a.m. to
5:00p.m. Monday through Friday at the security area
of the American Embassy, Queen Street. Completed
applications should be returned to the Embassy
addressed to the Human Resources Office no later than

Friday, January ts aes.

HOLIDAY SEASON
HOURS OF OPERATION

BAY ST REESE

NOTICE TO THE PUBLIC



+ eee
W2-2E/0e
papea is
oes} We
122405

2S we

TAM ORAT
Re at @ 1d Pas
24 HOURS
ie aS sy |

AMD OPAT
Gara pa
CEOSEXG
SWE SHAG
Re eke lil can
24 HOURS

LAP OP AT

H TEA BRIE se

CEOSIXG 6PM
REGULAR HOURS

| THURSDAY
orate
SAPURDAY

| SUNDAY
MONDAY
CHRISTMAS DAY

; BONING DAY
THURSDAY
atte

aU Aelic tas
SUNDAY ASS
MONDAY L2Sb 9
TURSDAY A
WEDNESDAY cE es)

MARA WH ON BAER

The private road of St. Augustine’s College and
COMMONWEALTH OF THE BAHAMAS AS 2O0TICL Bip 97

IN THE SUPREME COURT —
_ Common Law and Equity Division

BETWEEN

COMMONWEALTH B BANK LIMITED
Plaintiff

Monastery from St. Augustine’s Cemetery Road to

Prince Charles Drive and all other premises (grounds)

UAL e
ie 7
aes

TOPOL NE

belonging to the school and monastery will be closed

to the public from Sunday, December 30th, 2007

AND’
PHENICE P MORLEY at 12:00 a.m. until Monday, December 31st, 2007

: . Defendant
TO: . PHENICE P. Pp MORLEY
TAKE NOTICE that:

at 12:00 a.m.

Pawo
VOD
UEP ae
eee ey
ee Ras

Pane

POAAT Ta3aPpM
Pe\A Tes sapeny
PQA 11:30PM
1 0 fee) Ban |
TaD AU IRE) aA
eGR

id Oa
TAN 8:30PM
TEAM 10:30PM
PE ANT 10:30PM
LEA 10:30PM
TEANE 8:30PM
CEhOSED
REGE LAR HOURS

AMAMAS

PHURSDAY
FRIDAY

SW a Gla Re
SUNDAY
MONDAY
CHRISTATAS DAY
BONING DAY a
THURSDAY aren
FRIDAY
NW lta he
SUNDAY
MONDAY
TUESDAY
WEDNESDAY

COLLEGE OF THE B



1. A Summons and § ing Affidavit both filed on
the 14th of June 2007 have been issued against you in
the Supreme Court of The Bahamas being Action No.
2007/CLE/gen/000197 by Commonwealth Bank
Limited, the Plaintiff ‘herein. The Hearing date of the
Summons has been’ adjourned and i is now set to be
heard on the:8th'day of Rebriiary,A.D., 2008 at 11:00
before the Registrar, Mrs Donna Newton whose

' chambers is located on the 3rd Floor Ansbacher House,
East Street North, Nassau, Bahamas. Details of the
claim are set out in the Affidavit of Lernix Williams
filed on the 21st of June 2007.






————————————————SSS—_——T
BDanelmealias








RANG
1 PY Nes
a
| ee)
OL OE as
[ep dea

Three(3) fully equipped operatories
located in large multispecialty
ambulatory clinic in

2. On the 30th day of November A.D., 2007 the Court Freeport, Grand Bahama.

ordered that the Summons and Affidavit are deemed
to be served on you by this advertisement.

ee T ANY
PEQTLNG “ANT SPM
“ANT. 8:20PM
CELOSER
neh O0 MULL AY |
CLOSED
1 Re CEOSED
P2707 “AN S:00PAMT
| ae Ue TANT Soap
SATU ny Lae | AL “AM SotQhM
SUNDAY eae CLOSED
MONDAY a) “AVE 6:00PM
TUESDAY CO CD CLOSED
WEDNESDAY TD DY REGULAR HOURS

S.0PAM

ATURDAY
SUNDAY Nea es
MONDAY T2207
SO Boeaas AAT

UesreRy As
Available for immediate occupancy for
full-time or sessional dental practice.

Otherwise Judgment will be entered against you
pursuant to Order 73 rule 3 of the Rules of the Supreme
Court 1978.




Contact:
Ms. Kaijanna Lockhart
Phone: 242-373-7400

Date the 27th day of December A.D., 2007

GRAHAM, THOMPSON & CO.
. Chambers,
‘ Sassoon House,
Shirley Street & Victoria Avenue,
Nassau, Bahamas.

is ho e Ce. WS Pe Sa Dr, tae |
Attomeys for the Plaintiff

REMAINS AP REGULAR HOURS







THE TRIBUNE




@ By Royal Fidelity Capital
Markets

IT was a quiet week in the
Bahamian stock market with
31,755 shares changing hands.
Ten out of the 19 listed stocks

traded, of which four advanced, BISX CLOSING:: CHANGE ‘VOLUME, YTD PRICE .
two declined and four remained SYMBOL PRICE”... % ni CHANGE
unchanged. Oe ERR “Sect pete
Abaco Markets (AML) led | AML $1.64 © $0.09 11,050 168.85%
by volume with 11,050 shares BAB $2.65 $- 0. - 112,00%
trading, rising by $0.09 to end | BBL $0.85)° sh $s eee O TEBE
the week at $1.64. BOB $9.61 $0.01 5,160 19.68%
The week's big advancer was . | BPF $11.80... $0.15... 1,000 4.42%
the Bahamas Property Fund BSL $14.60. $-. “0 0:00% :
(BPF) with 1,000 shares trad- BWL $3.66 is. 0 109.14%
ing, advancing by $0.15 or 1.29 | CAB $12.05- fe 0 20.50%
per cent to close at a new 52- | CBL $8.37 vo0s $0.03" - 5,123 100.72%
week high of $11.80. CHL $3.15 5 SRE he 8 65.79%
FAMGUARD Corporation CIB $14.60 © $-_ 0 3.18%
(FAM) led the market with CWCB $4.95 $-1.52 0 -5,53%
2,000 shares trading, climbing | DHS $2.35 ax oS 700 +6.00%
by $0.10 to also endi the week at | FAM $7.20 $0.40 2,000 24.35%
a new 52-week high of $7.20. FCC $0.77 ~$0.03 3,500 40:00%
Decliners were FOCOL FCL $5.18 $-0.41 1,800 65.10%
Holdings (FCL) and Common-__| FIN $12.95 | $- 1,340 7.74%
wealth Bank (CBL), which fell ICD $7.25 $-. 0 1.40% .
by $0.41 and $0.03 respectively. ° | JSJ $11.00 $- 0 27.91%
PRE $10.00 ». §- 0 0.00%
COMPANY NEWS ,
Cable Bahamas (CAB) - For wa
the 2007 third quarter, CAB.’ _| DIVIDEND/AGM NOTES: ..

posted a net profit of $5.3 mil-
lion ($0.27 per share) compared
to a profit of $4.6 million ($0.23
per share) for the same period
last year. Total revenues were
$19.2 million for the quarter,
compared to $16.6 million for
the 2006 third quarter, an
increase of $2.5 million.

Alternatively, total operating
expenses of $9.7 million (before
amortisation and interest
expenses of $2.9 million and
$700,000 respectively) increased
by $1.3 million over the same
period.

Year-to-date, CAB reported
net income of $12 million (after
ordinary dividends of $3.6 mil-
lion) compared to $9.8 million
for the same period in 2006, an
increase of $2.3 million or 23

MONDAY, DECEMBER 31, 2007, PAGE 7B

BUSINESS

yam aml dl

The Bahamian Stock Market



payable on March 31, 2007, to
December 21, 2007.




‘December 14, 2007.




28, 2007. hat

December 14, 2007.

period.
Total liabilities remained
pretty consistent with the 2006



FINDEX 938.26 YTD 26.43%

¢ BBL has declared a special dividend of $0.02 per share,
with $0.01 payable on December 31, 2007, and fo
all shareholders of record date

¢ CAB has declared dividends of $0.06 per share, payable on
December 31, 2007, té-all shateholders of record date

CIB has declared dividends of $0.25 per share, payable on
January 7, 2008; to all shareholders of record date December

° CBL has declared dividends of $0.04 per share, payable on
December 31, 2007, ta.all shareholders of record date











.01 being












to $24.77 on Friday, a drop of
$2.79. on the day, which fepre-
sents a 10.12 per cent decrease.

per cent. year-end balance of $94 million, This followed a Barron's arti-

The year-to-date increase in being $93m at the end of the cle that was published on
net income is primarily driven quarter. December 24, 2007, which out-
by the growth in operating rev- The cash position of the com- lined the company's dispute

enues (up $7.8 million) outpac-
ing the increase in operating
expenses (up $4.3 million).
CAB’s total assets as at Sep-
tember 30, 2007, were $173.6
million, an increase of $7.5 mil-
lion when compared to year-
end 2006, due to additional cap-
ital expenditures during the

pany remained positive at the
quarter end, despite investing
and financing outflows in the
quarter, with net cash flows of
$691,000.

Consolidated Water Compa-
ny (CWCO) - Shares in Con-..
solidated Water Company fell .

with the government of the
British Virgin Islands (BVI)
over ownership of a water
desalination plant. This fall in
price will impact the underlining
Consolidated Water Bahamian
Depository Receipts (CWCB}
that trade on BISX. They closed
at $4.95. rus

Credit Suisse, Nassau Branch, ©
Private Banking

is presently considering applications for a

TREASURY ADMINISTRATOR

. The position is open-to candidates with the following minimum requirements:

Minimum qualifications:

Three — Five years International Banking exper

Forex an riti

or Asset Management Company.
PC Literacy (MS Word, Access, Excel).
General banking knowledge and keen knowledge of (trading and settling)

ienice in the Money Market/

it of an offshore bank

capital market instruments.
A Bachelor’s or Associates degree with concentration in Finance/Economics. _
Series 7 Certification or Canadian Securities Course qualification would be an
asset.

Personal Qualities:

Excellent organizational and communication skills.
A commitment to service excellence.

Ability to work with minimum supervision.

Goal oriented.

Benefits provided include:

Competitive salary and performance bonus
Pension Plan
Health and Life Insurance

APPLICATIONS MUST BE IN WRITING. Persons not meeting

the minimum requirements need not apply. lee

Applications should be submitted to:
Human Resources Department
P.O. Box Ne4928. 3.0% ou’.
Nassau, Bahamas:
or via fax 356-8148

DEADLINE FOR RECEIPT OF.
JANUARY 1174, ;

~

CREDIT SUISSE |.





ipa & we
we we

Dear Shareholders,

We present our audited Balance Sheet and Income Statement for the yeat ended August 31, 2007.
For a full set of our audited financial statements please go onto our website:
www.fccbahamas.com and click on “Investor Relations” and then “Financial Reports . You can

also request a copy by emailing me at pimpson@fcchehamas.com,

We are delighted to report a profit of $ 78k for the 12 months. Although the profit may be small,
it is a significant tumaround from the $1.9 million loss we reported for the same period last year.

Da imilar to the year but you will uote that our gross profit increased
Sales révenues were simi ae ae decreasing from $ 5.1 million to $

from $ 3.1 million to $ 5.0 million with

4.9 million.

The improvement in the company’s financial performance has been accomplished despite any
edditional financing being received from our bankers or from any other source. However the
Home Centre is still being challenged with the need for additional working capital in order to

purchase more inventory so that we can increase our sales revenues event more.

Aloo what needs to be realized is thet the general economy in Grand Behama has been stagnant
ever the past couple of years, especially in the last 12 months, and yet despite this we have

compared to a net loss last year of $1.9 million.

"We believe the various pending developments in
year will result in more jobs and transiete isto more

maintained our sales revenues and managed to produce & net profit of $78k for the year,

local building of both homes and commercial

projects. All of this will help in improving revenue prospects for our Company. as

Increasing inventory levels and driving additional revenue is critical to the success of the business
at the Home Centre and this will be our primary focus this year.

The relocation of the Concrete Plant into eur new facitity inside the Bahama Rock site has been
ghallenging but it is well underway and should be completed by January 31, 2008. Operating
from this new location will save the Company $ 80k per annum in lease costs and there will be
further savings in trucking costs as all of the material we need to ake our concrete will be on

site. This, coupled with the various new developments snd our Company
conorete business for these projects, will translate into more profit being made in the Concrete

division.

securittg some of the

We must still continue to work herd and maintain the same focus this year as we did last year.

Once we do this, and the economy of Grand Bahama really does get better and better, then the
future of Freeport Concrete Company Ltd looks very good. ,

Thank you.

Ray Simpson

President and Chief Executive Officer

December 17, 2007

Freeport Concrete Company Limited

August 31, 2007, with corresponding figures for 2006
in Bahamian dollars



oo 2007 2008
Assets |
Current assets:
Cash on hand and at bank on demand 3 230,728 198,471
Time deposits $7,837
Accounts receivable, net 912,726 . 1,323,717
Due from former subsidiary - a wh?
Inventories 2,022,607 2,488,843

ee oe |



#i¢)-OOR8 0K

‘ott garkbarlone



Sales, net of discounts

a3} pee Bk ORC ens
Liabilities and Shareholders’ Equity = isan 8
Current liabilities: ;
Bank overdraft 88 1,648,086 1,491,016
Accounts peyable, deposits
: and accrued expenses are ato a tos
Warranty provision :
Duirefi portion of tong-term debt 488,867 183,710
4,046,264 $,495,253
Long-term debt 256,653 440,453
Shareholders’ equity:
Share capital ce: - G7,083 47,083
Contributed surplus §,774,968 8,774,068
Revaluation surplus 1,483,067 1,433,667
Accumulated deficit {S,300, 121) (5,376,908)
1,966,607 4,576,910
Commitments and contingencies . oe ia a
614 7,782,616
- Freeport Concrete Company Limited
“Statement of Operations '
Year ended August 31, 2007, with cortesponding figures for 2008
2007 2006
BS 16,223,560 16,061,732

"Goat of sales tah 41,207,985 42,984,405
| 3,077,327

Gross profit 6,016,184
Other income:
Other income 19,320 40,950
Gain on disposal of property,
plant and equipment 8,971 686
SSS ee ae

5,044,476 3,118,943
Selling, general and administration expenees:
Payroll related costs, including employee

,

2,900,024

benefits and commissions 2,000,021
Rent 640,317 634,762
Utilities, postage and delivery 416,237 279,006
Depreciation and amortization 296,860 $29,011
Vehicle, maintenance and repelrs 216,863 228,706
Other operating costs. 101,562 202,878
’ Legal and professional 142,229 $23,712
Bad debt expense 123,703 336,544
Computer and office supplies 491,216 138,831
Advertising 108,843 66,942
Bank charges and exchange 105,673 116,823
Business insurance . 73,678 73,238
Travel, trade shows and entertainment 38,202 33,349
. Licence fees and pennits - 33,810 64,842
- Donations 13,473 18,711
Security 12,576 34,490
4,772,835 4,950,765
"Net income/(loss) from operations 271,640 (1,840,622)
Finance income and expenses:
Interest on long-tenn debt, due

to shareholder and finance charges © |
Interest expense on bank overdratt

Interest income on time

Net income/(loss’

| Baste eamings/(loss) per share

Diluted earning/(loss) per share



PAGE 8B, MONDAY, DECEMBER 31, 2007

THE TRIBUNE



COMMONWEALTH OF THE BAHAMAS 2007/CLE/gen/00307
IN THE SUPREME COURT
Common Law and Equity Division

BETWEEN

COMMONWEALTH BANK LIMITED
Plaintiff
AND
JACKSON M. GIBSON
Defendant

TO: JACKSON M. GIBSON
TAKE NOTICE that: ©

1. ASummons and Supporting Affidavit both filed on
the 14th of June 2007 have been issued against you in
the Supreme Court of The Bahamas being Action No.
2007/CLE/gen/00307 by Commonwealth Bank Limited,
the Plaintiff herein. The Hearing date of the Summons
has been adjourned and is now set to be heard on the
8th day of February A.D., 2008 at 11:30am before the
Registrar, Mrs Donna Newton whose chambers is
located on the 3rd Floor Ansbacher House, East Street
North, Nassau, Bahamas. Details of the claim are set
out in the Affidavit of Lernix Williams filed on the
14th of June 2007.

2. On the 30th day of November A.D., 2007 the Court
ordered that the Summons and Affidavit are deemed
to be served on you by this advertisement.

Otherwise Judgment will be entered against you
pursuant to Order 73 rule 3 of the Rules of the Supreme
Court 1978.

Date the 27th day of December A.D., 2007

GRAHAM, THOMPSON & CQ.
Chambers,
Sassoon House,
Shirley Street & Victoria Avenue,
Nassau, Bahamas.
Attorneys for the Plaintiff

Legal Notice
NOTICE

HEALING STREAMS INC.
(In Voluntary Liquidation)

zi ‘ }
- a
pall
4 ad

tite’ is ‘hereby ‘given that the above-named: Company
is in dissolution, which commenced on the 28th day of
December 2007. The Liquidator is Argosa Corp. Inc.,

P. O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator) .



Legal Notice



NOTICE

FVG Investment Ltd.
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 28th day of
December 2007. The Liquidator is Argosa Corp. Inc., P.. O.

Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

KUKUNEST LIMITED
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 28th day of

December 2007. The Liquidator is Argosa Corp. Inc.,
P. O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)



South Ocean
moving slowly

FROM page 1

resorts. Apart from the two
resorts and 40,000 square foot
casino, the redevelopment of
South Ocean, which has been
closed since 2004, will feature
fractional villas, 180 timeshare
units, second homes, conven-

tion centre, marina, tennis facil-
ities, and spa all set to cost
around $500 million. The first
phase, involving the installation
of utilities and infrastructure, is
set to cost “a little over $200
million”.

The draft economic impact
study, performed for South
Ocean, completed by Oxford
Economics, projected that the

Legal Notice

NOTICE

GOLD-MINE DEVELOPMENT

GROUP LTD.
(In Voluntary Liquidation)

| Notice is hereby given that the above-named Compan
is in dissolution, which commenced on the 28th day of
December 2007. The Liquidator is Argosa Corp. Inc., P.
O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

VENICE GULF RIVER CORP.
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 28th day of

December 2007.The Liquidator is Argosa Corp. Inc., P.
Box N-7757 Nassau, Bahamas. .

ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE

MANKATO CORP.
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 28th day of December 2007. The Liquidator
is Argosa Corp. Inc., P. O. Box N-7757 Nassau,

Bahamas.

ARGOSA CORP. INC.
(Liquidator

Legal Notice

NOTICE

APPLEBEE VILLAGE CORP.
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 28th day of
December 2007. The Liquidator is Argosa Corp. Inc., P.
O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)

resort would create 1,358 full-
time jobs when fully open, plus
1200 direct construction jobs
during peak build out.

During its first full year in
operation, Mr Stein’s project is
projected to inject $172 million
in extra visitor spending into
the Bahamian economy. Hard
construction spending, involv-
ing the building of new build-
ings and renovations to others,
will total $541 million by 2015,
with the total investment by Mr
Stein, RHS and his partners in
the new South Ocean Develop-
ment Company reaching $867
million by that year. The $541
million construction spending
has been forecast to inject $217
million into the Bahamas’ GDP
over nine years, and generate
$105 million in wages, with con-
struction employment averag-
ing 877 persons between 2007-
2010, peaking in 2009.

On the operational side,
South Ocean was forecast to
produce a $3.7 billion GDP
impact over its first 20 years,
generating $1.5 billion in direct
wages and salaries for employ-
ees.

The project will also gener-
ate $1.8 billion in revenues for
the Government in the 23 years
to 2030.

Meanwhile, Mr Davis added
that the island’s other major
development projects, the $2.4
billion Baha Mar and $1.3 bil-

lion Albany projects, were mov-
ing, and he would be able to
report more on them in later
weeks.

Mr Davis said that if there
were meetings between the
Government and Baha Mar
executives recently he has not
been privy to them. He said that
as far as the project was con-
cerned, both sides remained
very close to “crossing the t’s
and dotting the i’s of the pro-
ject”.

As far as Albany was con-
cerned, Mr Davis said the main
area of focus continued to be
the controversial land acquisi-
tion process to accommodate
the planned road re-routing of
southwest Bay Street. Mr Davis
said the Government and the
developers were still working
out the details.

The South Ocean and Albany
projects were approved by the
former PLP government with
the intention of revitalising the
southern end of the island. For-
mer Prime Minister Perry
Christie had justified the con-
cessions his administration gave
Albany by indicating the
tremendous social benefits he
felt his government got the
developers to agree to - such as
beach re-nourishment and the
creation of an-environmental
park, as well as

the overall anticipated eco-
nomic impact.

Legal Notice

NOTICE

SURRI GROUP LIMITED
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 28th day of
December 2007. The Liquidator is Argosa Corp. Inc.,

P. O. Box N-7757 Nassau,

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

WINEDGE SUCCESS LTD.
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 27th day of
December 2007. The Liquidator is Argosa Corp. Inc.,
P. O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

KURGAN VENTURES LIMITED
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 27th day of December 2007. The Liquidator
is Argosa Corp. Inc., P. O. Box N-7757 Nassau,

Bahamas.

ARGOSA CORP. INC.
(Liquidator)





THE TRIBUNE MONDAY, DECEMBER 31, 2007, PAGE 9B --..
COMICS PAGE











IT SNYS," BE THE FIRST IN
YOUR NEIGHBORHOOD TO
COLLECT ALL TEN CLGRS” |

LOOK, HOBBES, YOU GET A
PLASTIC TRINKET IN BOXES
OF Sele eae







WANTG IT? I
THOUGHT ALL
HE WANTED WAG
TO INVEST!










I COULDN'T

YOU AND KATYARE ALL I
BEAR IT.

HAVE IN THE WORLD.

IFANYTHING
HAPPENED To
YOU, ERIC...

T LOVED MY HUSBAND DEEPLY.
IF TIM WERE STILL ALIVE, MY
HEART WOULD KNOW.

Gs y




(C2007 by Hach Ameren Syndicate, inc. Word rights reserved.

WAT ABOUT THE MONEY YOU HAVE



































































s Rc It THLTVE BLUE BLANCST ON re How Would You Play This One?
SORRY, SON, BUT ¢ Wt YOUR BEDROOM CLO: F ; : “
{ DON'T HAVE A CENT 3 e West dealer. to depend on a successful finesse in’
asa ON ME D)| | Both sides vulnerable. either spades or hearts. But declarer | ‘
we | NORTH found an alternative that made it | ~‘ MONDAY,
#A10842 unnecessary to try either finesse, vis DEC 31
Â¥KI9 , arta eee club return, |. Pd
#76 jou ed a club and led the queen Y oF a Ve
#AK7 of spades. Had declarer elected to | ARES — Merch 21/April 20
WEST EAST finesse, he would ultimately have | !t’s time to save up your pennies,
45 $K3 had to guess which defender had the |} tes. there is some rough financial
762 ¥Q84 heart queen, and he might easily 70a ahead. You may want to con-
#AKQI8 952 have gone wrong in view of West's | S14& oe Up some ata. part-
$0863 #310542 — opening bid. Sime work to get you through.
MARVIN - Be. Seo ees SOUTH . But South decided against the puns ~ April 21/May 21
sree ree: - ade rr two reasons. First, | Expect some major changes a
YOU GOING To 1! NOT.I was J YOU'RE JUST IDO NOT oe ie ‘3 fe ee ae cannes that play. || workplace by Wednesday, Taurus.
My WAY HERE F/RST. SQUATTING! SQUAT, AND T'LL #1043 ing the ace might catch the si It is bound to cause some commo-
Lay 7 es THIS SPACE IS SQUATTERS FIGHT ANYONE #9 king, since the opponents only | tion. Extra stress at work makes
Ov: RIGHTFULLY DON'T HAVE WHO SAYS I EVER The bidding: three cards in the auit. -home life a little tricky this week.



GEMINI — May 22/June 21
Keep clear of an upset family mem-
ber on iucsday, Gemini, this person
is only bound to ruin your good
mood. Your love like takes an unex=
pected turn for the better. :
CA” CER ~ June 22/July 22
Sarcasm can be your downfall on
Tuesday, Cancer..Best to keep
quiet for a while and remain busy.
You'll be needed to put in extra
hours: at werk, but the rewards will

ANY RIGHTS! HAVE !!/ West North East South More important, though, was the
1¢ Dble _— Pass 2¢ fact that if East followed euit to the
Pass 4 spade, whether with the king’ or the .
Opening lead — king of diamonds. _ three, the contract would become a
When there are no clues to indi- dead certainty. So South went up
cate otherwise, the chance of win- with the ace, cashed the king of
ning,a finesse against a particular clubs, discarding a diamond, and
card is 50 percent. Additionally, the exited with a spade.
chance of winning one of two He didn’t care which defender
finesses is 75 percent. won this trick. Whoever did would.
For this reason, a declarer who have to yield a ruff-and-discesd or ;
needs to win just one of two finesses__lead a heart, eliminating all guess-
































sp ak oe t : : i |. probably be gegerous.
NON SEQI ATI IR, oe to land his contract has good reason _— work for the queen, \_ pp
: shad to feel confident. Nevertheless, he Once West followed to the first| | LEO — July 23/August 23
| Life is the cat’s meow for you, Leo: A









. still should try to improve on the _ spade, playing the age could fail only j.
WoW You WHUBLIN Gantt THe odds if he can finda way todo so. |. if West had started with all three | :

SINGLE-PARENT- WEAPON - OF -

ON, PLEME OoN'T ELL NE boats Seer
Yo FORGST KBOT NOUR , big raise seems imminent and a promo-

' tion is not too far on the horizon. Your





























WINNER DATE KT ORIGINS, . |, Today’s South faced just such a trumps. Even.then, declarer still had ff "08 © .
| ANITA | QS | situation. Afier West had taken'two the two: WaY Heart finesse ii feseive, , | Positive mood can only be enhanced By
NOAL | AN WANT..? WELL, DGOPERATE diamonds and shifted to a club, the giving him a second chance to make - a chance igeresr weekend.
MEAN TINGS CALL FoR the contract. VIRGO — Aug 24Sept 22

hance ing 10 tri
a a chance of Te tricks seemed

ER aieae Ee It seems that things are looking up

“ffor you, Virgo. You're finally out’
of the slump that’s been. bogging

:fyou down lately. A better mood- .
frees up more time for recreation: "’. .


































§ LIBRA - Sept 23/Oct23. 0 «

z _: : Your patience is tested at- work on
we. HB LOS } Thursday. T technical diffi-" *
Win eee peeine ens S10. WHEN IDROSREM Liv. HET g a ¥ culties With feuky cquiniyent ait ve
Buy 3 your temperatpre tQ rise. Just be |.

ee otal $ level-headed and iaope for the best. ~

B9908 SCORPIO — Qct 24/Nov 22

WE WILL HAVE TO CLEAK Beagssee Stress has driven you over the edge =
A SPACE IN MY ROOM . 33 sole jon more than one gccasion in the ;
BEFORE WE CAN PLAY 228 gg 9 past, but this week you've finally =,
HOW many words of four letters 3 3 g Bug found the formule for remaining: -:

or more can you make from the oeAvt Ss calm. Expect dinneg plays for Friday
Pn ene eee ZSESUSa8 SAGITTARIUS —Nev2¥Dec21 :
word, each letter may be used Qa Bye 5 Y find . eis

once only. Each must contain Ovaga ou need tq find a aew interest,

the centre letter and there must S83 one Sagittarius. Why not adopt a pet to
be at least one nine-letter word. sees a 3 g focus your attention fm @ different .

Ey anaet ae direction. A party om the weekend



.f leaves you anxious — an old flame '
‘| will rattle your nerves, 2
CAPRICORN — Dee 22/Jan 20

. |] Stop butting heads with that coworker, -
. | Your teasing and arguiaents are just |‘
masking the underlying aftraction you :
feel for each other, Capricam. t



Good 19; very good 26; excellent
37 (or more). Solution tomorrow.






















_ DOWN
2 la growing in allure? (6)
3 Unreliable and hesitant



“AQUARIUS - Jan 21/Feb 18°"

Stop being so-hard on yourself, ©
















“1 Look ruddy embarraséed (5) [
6 Hop around when caned? (6)

aah









9 — Encourage to eam the change (7) : abqut getting fit? (6) d Acuarius. You are your own worst
‘10 One takinga tum © 9 4 tin, or maybe on, the nest (3) Wor e Cth rnd ou on
yah . aie =o se! -adulgence on Friday. os

hear © tps : PI. CES — Feb 19/Mareh 20
| heer , ‘Your -elationship is bound to end this
Toone A colony of week, Pisces, but it’s not your fault.

-Fhis person is just not ready for a
long-term commitment. Remember,
: there are other fish in the sea. ‘

often Non eTeo =F rst



< , 7 One ahead, shortly (4) eToys
* 8 Eceentric actor's
heavenly twin (6)
ry 12 Bright and early riser at
New York (5)
| 13 The distance one can ride? (5)







































18 It’s very largely deserted (6)
































19 _ Nurse some man with | 14 “Tod”, on his own, — See
broken leg (5) . sounds a Square! (5) ortishchampioestip ce’
: | 15 :
= A knotty ofd dear? (6): te ee (6) Yarmouth 2007, Pert, 26, of Ipswich, 8510
Some of the better ideas willbe O pay for a kiss during a and Haslinger, 25, of Southport, are ; .
carried (4) ‘Tl, , Sedgy datel (5) a among England's best young ‘
24 Inthe end, even briefer (3) 18 Cut the verse that needs : 2_% grandmasters, both ambitious to
25 Given lower status in the ministry, editing (5) , challenge the country's world- ;
Indeed (7) “ff 19° What an extraordinarily : i ACROSS DOWN ranked pair Michael Adams and < rg vn RST ES ay
a 4 1 Nigel Short. it inth ( has
25 Nol very emphatic? ( sce gal ean be (7) 1 Fg Fema 3 Ou ho county (6) ratoraltiticontet wasapresige «| Tag hcl Ter bol
27 The beest turned up with 21° Sumptuously entertain Reggie with : : AT ‘ 9 — More turbulent (7) 4 Kemel (3) duel where Pert (White, to move) — mh ’
the money (5) _ drink (6) | mel |; ” nell (5) 5 Era (5) gambitted a pawn to create a BY bel PPE |
28 Not the firet choice of 22 This blightor’s a right beast! (6) ‘ N 12 oe cade 65) 6 Bit(7) promising attack on the black king. | PRN BR
potherbs (5) 23 Fed up with a fate you 2 13 Secrecy (7) Sau pres Bie Cayiolss Bay TNs 4i JBI
29 Laughable suggestion of a possible -have to justity (6) a. 15 Guided (3) '42 Backless seal (5) Se mn
Increase? (7) 25 Many a.wicked fiend (5) an ie ae alt ae 13 Hire (b) leashed surprise coup which
30 Wine blended by a nameless ' 26 Rulers generous a = joo mark (5) 14 Wear 6) led to an early checkmate or to
heart 2 tial (6 away os : :
‘ comedian (5) ss (4) * 22 Uh (4) 15 Prise (5) oe Eee Kania you spot
31 With poetry, hesitation can only Tyrolean 7 24 Golf peg (3) 16 Embankments (5) nning
make things worse (5) fame? (3) ; 25 Wishes (7) 18 Cringo (5) LEONARD BARDEN
26 Child (5) “B48 oy) -
eae 27 Warehouse (5)
, , oF 28 Love (5) | S ria (6) \ :
29° Joy (7) = < ee ee
Yesterday's easy solutions 30 Alloy (5 ee ee
ACROSS: 9, Spear 8, Baton 10, Many 11, Den 12, Sloop $1: Ded & 23 Brought is
13, Placate 15, Relay 18, Eli 19, Palate 21, Special 22, up (6) \
Tint 23, Pear 24, Decider 26, Editor 29, Far 31, 25 Fools (6) ’ Chess:8510: 1 Bdg) i ft
Relic 32, Minutes 34, Mimic 85, Sob 36, Devil 37, Merit eM) 26 Extra (4) | noreasonable defen te gS when Black has fos
Delta ‘28. Cralt (3) le defence to 3. QF7/h7+ and 4 No6 Pi

Mate. Haslinger tried 1...e5 2 Qre8 N ‘
NgS then resigned since if Qhé (to s aps ch Vis 25

5 QF7+ Kh8 6 Qxd7 Qxg5 7
up, still with a desk staat C7 puts White a rook

38,

DOWIE 1, Ladie 2, Concept 4, Pole 5, Amoral 6, Repel 7,
Great 9, Tea 12, Sticker 14, Ale 16, Later 17, ean
19, Pacific 20, Steer 21, Snail 23, Perused 24, Docile
25, Dan 27, Deter 28, Timid 30, Debit 32, Mint 33, Tor









PAGE 10C MONDAY, DECEMBER 31, 2007



MONDAY EVENING DECEMBER 31, 2007

| 7:30 | 8:00 | 8:30 | 9:00 | 9:30 | 10:00 | 10:30
NETWORK CHANNELS

aan ata {Live From Lincoln Center ‘New York Philharmonic New Year's Eve:
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Bell. (N) A (C
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C)
The Insider (N) |How| Met Your |The Big Bang — | Two and a Half (31) Rules of
WFOR|Q (CC) Mother Anude | Theory “Pilot” © |Men Alan dates a ngagemant
painting. (CC) —|(CC) neighbor. (CC) Jeff's massage. the head. (CC)
Access Holly- Saturday Night Live in the 90s: Pop Culture Nation © (CC) Law & Order: Special Victims Unit
WTV4 |wood (N) (Cu) “Avatar’ A video-game player goes
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= Deco Drive ee MEN IN BLACK II fe Comedy) Tommy Lee Jones, Will Smith, |News (N) (CC)
WSVN i ve Agents Jay and Kay defend Earth from a sultry alien enemy.

J 1 (N
wet@ leon





Johnny Mathis: Wonderful, Won-
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Celebration 1 (CC)

CSI: Miami “Man Down” A member








Dick Clark’s Primetime New
Year's Rockin’ Eve 2008 (Live) 1

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| Troy’ (CC) “Emily.” (CC)





Correspondent |BBC News World Business |BBC News BBC News Correspondent
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- For Movie Schedules log onto:

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Let Charlie the
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kids’s faces.

Bring your children to the
McHappy tlour at McDonald's in
Palmdale every Thursday
from 3:30pm to 4:30pm during the
“month of December 2007.

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Enjoy Great Food, Prizes and Lots of Fun

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PAGE 12B, MONDAY, DECEMBER 31, 2007 THE TRIBUNE

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THE TRIBUNE

Shadowing the
super-rich

FROM page 16

that dot the horizon like tiny
floating cities.

These derelict vessels,
though completely seaworthy,
are often left for years if not
sunk to create artificial reefs.

“We first survey and choose
those in the best condition and
replace all the steel down to
the undamaged webbing,” said
Kimberly Gonzales. The typi-
cal ‘white hulled’ yacht has
always been designed for looks
but not these hard work ves-
sels. Shadow Marine has been
able to take these already
proven hulls that cost Shadow
Marine at least half a million
dollars each, and completely
rebuild them.

The Allure’s computerised
bridge can almost navigate
itself. The chrome wheel, sus-
pended compass, and array of
circular dials are gone. In their
place are LCD monitors, key-
boards and joysticks. The
infrared and night vision cam-
era feeds constantly change on
one display, digital engine and
power readouts monitor every
fluctuation and change in the
vessel’s power output, while
the constant sweep from the
radar and sonar provide live
action information.

The engine room of these
once oil-covered rigs is just as
high tech. The whitewashed
bulkheads and polished floors
look more like a high tech lab-
oratory rather than an engine
room. The Allure in particu-
lar has a total of three John
Deere primary generators able
to put out 99 Kilowatts each,
and one secondary generator
that can do the same.

The Allure is equipped with
two completely rebuilt Cater-
pillar D399 engines, each capa-
ble of producing 1225 horse-
power. Easily moving the
Allure’s 900-ton displacement,
in fact the Allure as well as all
the shadow boats are designed
and powerful enough to tow
other boats even larger than
themselves. Which means in
an emergency the Shadow
Boat can tow the primary
yacht or other large vessel into
port.

A work crew of up to 400
men and women from all over
the world work on each Shad-
ow Boat until it is finished,
usually in less than one year.
The big boats are produced in
the Shadow Marine dry-dock
at Jacksonville, florida.

What do you get for eight
million dollars?

“The ability to travel any-
where on earth by water — safe-
ly,” says Ms Gonzalez. “Our
current five Shadow Boats are
patrolling behind super yachts
all over the world. We’ve
heard some have teams of ex-
US Navy Seals on board for
security. We supply a state-of-
the-art Oregon security cam-

\

y

era that sweeps the ocean at
night for the heat of bodies or
engines. The yacht owners do
the rest.

Kimberly says her Shadow
Boats can be considered the
SUVs (Sport Utility Vessels)
of the sea. They are capable
of travelling anywhere in
almost any kind of weather
and have a range that can take
owners half way round the
world without refuelling.

Rich

The Super Rich are careful
of whom they invite on to their
palatial mega yachts. There is
an unwritten yachting rule:
‘Stowaways out - valuables in’.

Kimberly Gonzales explains:
“On a pristine mega yacht with
fancy antique furniture and
marble floors you’re afraid to
even sit down.” Strangers are
kept off because they could
roam anywhere and disappear
within.

“But our Shadow Boats are
open and built to take crowds
and a party beating. Our hang-
er area can hold more than 200
guests. This way the super rich
can share their wealth with
many. When the party’s over
crewmen simply hose down the
deck and all is new again.

“It’s very cool. I’ve watched
bikini-clad models around our
swimming pool and realise we
have this big sturdy strong ship
and the girls don’t have to be
carried across. They can jump
on and be in the pool in just a
minute and can hang out in the
Sky Lounge and join a dinner
party. They can wear high-
heeled shoes on this vessel.
Usually at a yacht party the
first thing you must do is take
off your shoes. You don’t have
to do that on our yacht.”

Shadow Marine is not only
building the work boats for
mega yachts but slowly chang-
ing the shape, of mega yachts
themselves.

“We welcome competition
but right now we don’t have
any,” states Kimberly Gonza-
lez. “We are pioneers, doing
something that hasn’t been
done yet. Some people say
they build shadow yachts but
we have not seen one finished
yet. We wish them the best.”

No-one can just buy a Shad-
ow Boat. They are only built to
order. And now their newest
models are growing bigger and
bigger.

Kimberly Gonzalez and her
husband Tom own several
businesses worth billions. They
are proud their company is
totally American and own
homes across the United
States, But in an industry dom-
inated by long-established Ital-
ian and German engineering,
experts were impressed when
this upstart three-year-old 500
employee American company
built and sold five Shadow
Boats. Then they launched the
Allure Class, first Shadow
Boat designed as a private
yacht and expected to form a

MONDAY, DECEMBER 31, 2007, PAGE 13B



(ABOVE) - CEO Kimberly Gonzales
and The Allure Shadow

(LEFT) - FORMAL DINING —
Modern, window surrounded din-
ing room holds ten comfortably

NOW IN STOCK
e 1/2” Sheetrock 4X1 Oft

¢ R19/R13/R1 1 Fiberglass
Insulation

new standard in yachting.

The Allure is a demonstra-
tion yacht and is not for sale.

“We are pioneers changing
the face of yachting. We’ve
taken the ruggedness of a
Shadow Boat and blended it
with a great looking interior,
not a fancy cocktail interior.
On no other kind of yacht can
you throw parties like we can.’

* The Allure holds 91,000 gal-
lons of diesel fuel, says Kim-.
berly. “She is going to sail”
8,000 miles to the Dubai boat
show. The voyage will take
about 40 days. We’ll meet her
there. We expect to do very
well. When someone sees a
Shadow Boat it sells itself.”

The Sultan of Dubai, worth
many billions, is one of the
wealthiest men on earth. Does
the Sultan own one?

“Not vet.” smiles the Queen
of Shadow Boats.

An Allure class Shadow boat
at $35 million will eventually
drive down the price of super
yachts which can cost $300 mil-
lion.

Maybe some day we can all
own a yacht. But in the mean-
time let’s hope we get invited
to a Shadow Boat party.

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PAGE 14B, MONDAY, DECEMBER 31, 2007 THE TRIBUNE
OO as





Re: Aces and
Jokers of the Year

HUMOUR is the best way
to convey some of the most
serious issues of our time. I
think your 2007 Christmas
Honours List was very funny,
but also serious in its com-
mentary, and as such it made
another valid contribution to
the way this society is run. I
don’t expect Bishop Ellis’s
congregation to be over-
pleased, but then they repre-
sent the kind of Third World
thinking this country needs to
move away from.

— GLS

Marquis, you are one of the
best. Please keep it up - even
in your old age. The piece
that talked about the woman
with the whistle was priceless.

— Academic '

YOU will not have won
many friends among Mount
Tabor churchgoers, but your
Comedy Turn of the Year
Award was one of the funni-
est things I have read for a
long time. The pieces on Wis-
dom and Mitchell were also
timely and on the ball and
will ring many notes with the
more intelligent members of
our society.

— PH Hall

WHILE I find your work
very informative, and some-
times very funny, I some-
times wonder whether you
need to be so hurtful when
discussing politicians, some
of whom have been treated
very harshly at your hands.
Mitchell is fair game, but
Neville Wisdom is a very nice
man who has been made to
look foolish by The Tribune
and its reporters.

— Mrs Forbes

INSIGHT has brought an ©
aggressive, some would say
vicious, edge to Bahamian
journalism. While some con-
demn it, I believe hard-edged
commentary is the way for-
ward for any democracy,
especially one so reluctant to
confront reality as the
Bahamas. Politicians, church-
men and ‘professionals’ in
our society are too puffed-up
and pompous for, themuwn3st
good. Insight provides a

ty check for those who try to”

confuse the rest of us. Keep
up the good work in 2008.
— A B Thompson, Nassau

YOUR Christmas Honours
List seemed to offer seasonal
goodwill with one hand, and
snatch it away with the other.
However, it was very enjoy-
able for all those with the
intelligence to appreciate
such biting humour.

— George B Lowe

Mr Marquis

WHILE I appreciate that
Fred Mitchell led the cam-
paign to have you deported
last year, and while I accept
that his website continues to
besmirch your good name, I
still feel it is time for you to
draw a line under your ‘war
of words’ with this man, espe-

For the stories
mT Uae

ar Insight
on Mondays

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.



Roper te bee



The stories behind the news

, Hail the aces and =
jOKEPS OF THE YEA aye jon cose
Christmas ‘honours’ go _ the Cecember 24

to good, bad and foolish neon
FEEDBACK








cially as you are now so far desire to be rolled into mal- for librarians and Sunday

out in front that he is but a leable gold, and no illusions school teachers, not those
speck on the distant horizon. about blinding the cosmos, it | whose words are fashioned to
Mitchell’s clumsy responses does subscribe to the journal- _ shift the mindsets of nations.
to your rapier thrusts speak istic credo of H L Mencken,

for themselves and make no who believed “niceness” is Happy New Year to all!

impression on the more intel-
ligent segments of Bahamian
society. I feel you would be
best-served to observe Win-
ston Churchill’s advice and
show magnanimity in victory.
Now that Fred has been ‘Jok-

Have a blessed Christmas Season
nae decrcesokco RTT UU ARNON KGL OATALOLC LT NS

— G Colebrook



Mr Marquis

May I suggest you adopt a
New Year resolution for
2008: I hereby untertake to
be nice to people this year,
instead of doing my damnd-
























Time is precious
so if you need to shop for home appliances
and electronics you may as well make it





ae

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1956, he was cremated. That
was a mistake. He should
have been rolled into mal-
leable gold and polished to
blind the cosmos. I still miss
him. America misses him
more.”



H L Mencken himself
wrote: ; KAN .
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MONDAY, DECEMBER 31, 2007





_ The stories behind the news





Shadowing the super-rich

‘

How big yachts protect themselves -
and carry that extra baggage

@ By RON LAYTNER
Copyright 2007
Edit International

FORT LAUDERDALE,
FLORIDA — Kimberly Gon-
zalez, the Queen of Shadow
Marine, is changing the world
of offshore yachting.

She and husband, industri-
alist Tom Gonzalez, owned
several big yachts which even-
tually became cluttered. They
wanted to pack a few toys on
their ocean trips — but where to
put them? Tom owns 400 cars,
motor buses, RVs, airplanes
and helicopters.

They came up with the idea
of a following support vessel,
an armed craft, a butler boat
with teeth that would shadow
big mega yachts worth hun-
dreds of millions.

Big yacht owners are getting
younger and younger, explains
Kimberly Gonzalez. “They
want to play more and more
and be casual on board. They
want their yacht interiors to be
comfortable and not full of
antiques. They want to relax
and have their kids roam safe-
ly around. A boat like this is
what we wanted and then we
decided there is a market out
there for such a craft.”

And thus was launched The
Shadow Boat.

She would carry pilots, extra
crew for rotation and security
personnel. She could hold a
machine shop, an onboard

Photos: Ron Laytner/Edit International

THE ALLURE is first seen at the Fort Lauderdale, Florida International Boat Show.

operating room, a health spa, a
gymnasium, movie theatre,
swimming pool and also con-

tain a hanger holding the toys

‘of the super rich: Hummers,

motor-cycles, speedboats, jet-
skis and even a submarine: All
sea transfers would be made
on small tenders. But personal
doctors and stewardesses
would stay on the main yacht.

The luxury steel-hulled util-
ity boat would contain the pri-
mary yacht’s own helicopter
and landing zone. It would

have giant fuel tanks able to
refuel the mega yacht at sea. It
would carry all the extras a
mega yacht could not.

Why is this beautiful woman
heading a new type of yacht
Design Company?

“T was brought in because of
my interior design experience.
It is crucial that interiors be
considered in construction. I’ve
worked for years with sub-con-
tractors. I don’t need to know
how to build a boat. My team
knows how. And what’s impor-

‘V Cocorijo

55 Hatteras Ready For Immediate Sale



SPECIFICATIONS
Built in 1983

5 major bulkheads
Draft: 4 - 10"
LWL : 50'-2”

Reg No : NP0443,
Beam : 177-6”
Depth : &-9”
Grogs. Ton : 70,0)
License : Mas “A?
Steering : Hydraulic
Anchor : 8/8 chain/3 strand
VHF: Puruno

Horn : Twin Electric Air
Antennas: Radar, VHP
GPS and SSB




~

TV, VOR, DVD players
Gompass : Ritehie

Life Jackets : 8

4 air-conditioning units
R/O Watermaker

La Marche battery charger



Bleetronivs : Sea 222-SS8B Radio

tant is that I know how to man-
age my team.”

So far this brilliant woman
has built and sold five 125-foot
Mystere or Palladin class Shad-
ow Boats at prices of $8 million
and up. “The $35 million
Allure class is the first of our
primary vessel Shadow boats,”
explains Kimberly. “Our new
design class, the Voyager, at
280 feet and a beam (width)
of 60 feet will be the flagship of
shadow boats. Her owner will
be on board. He or she can





U-Line ice maker
Frigidaire washer. & dryer

GRAND STATEROOM

Very modern master cabin with

a full bathroom, side tables on both
sides of the double bed with reading
lamps. A/C units push refreshing
cool air through the cubin as guests
relax, wateh twedvd in comfort.

GALLEY

Stove : Jennair Blectrie

Fridge : Frigidaire

Microwave : Magic Chef & Sharp
Proctor Silex Toaster
Kitchenaid Trash Compactor

ENGINE SPECS
Location : Mid Ship

No, Cylinders ; V12 each
No. & Type : 2 x diesel
RPM ; 2400

Calh Capt dosuph Moxos 242-426-6795 ov Meo Rei ata he 3O2 502 2



Make : Detroit diesel
H.P. : 880 hp each
Model :12V71 - T1
Approx. Speed : 20 knots
Year 1983, no rebuild known
























Engine Cooling System:

heat exchanger

Ventilation: Turbo induced
Jarburetor Flame Arrestor:
Factory fitted

Fuel Pump: Mechanical
Wilters: RAGOR

Silencer: in line wet type
Exhaust Line: Approved hose
Eng. Generator: Alternators
Controls: Push pull cable
Bilge Pumps: 3.x submersible
with auto

EXTRAS
13’ Boston Whaler
with 50 bp Evinrude













KIMBERLY AND TOM GONZALES — “We are not a Mom and Pop
business,” says Kimberley..“I run Shadow Marine and Tom runs his oth-
er billion dollar ventures, including restaurants and real estate devel=

opments.

stay out in the harbour and
then launch their carried 80-

‘ foot offshore yacht and go into

a crowded marina.”

People who buy Shadow
Boats are beyond rich and a
condition of sale is that their
names are never revealed. Do
they include movie stars?

Kimberly shakes, her head.
No movie stars are wealthy
enough to own a mega yacht.

Shadow Marine’s CEO
explains in the company’s sleek
Fort Lauderdale offices:
~ We're talking big oil money.
These are the super rich who
usually don’t want publicity or
notoriety. They include Greek
and Norwegian shipping own-
ers and Russian oligarchs.
They’re as rich as celebrity bil-
lionaire Richard Branson,
owner of Virgin Airways, or
Donald Trump. But you never
hear of them. They travel the
world silently, unseen.”

What kind of people own
mega yachts?

People like Paul Allen, the
co-founder of Microsoft, at 53



the richest billionaire bache-
lor on earth. His 413 foot long,
seven deck high Octopus holds
two helicopters, seven boats
and a ten-man submarine. The
Octopus cost more than $200
million, has a crew of 60 and
costs $20 million a year just to
operate. But even this mega
yacht is running out of room.
Allan is looking for a ‘Shad-
ow Boat” to carry extra toys.

Here’s how a Shadow Boat
is constructed.

Kimberly Gonzales says:
“We get our steel hulls from
powerful, almost indestructible
retired offshore supply vessels
in Louisiana. They were built
tough to tie up to Gulf of Mex-
ico ocean oil platforms in all
kinds of weather.”

There are an incredible
number of decommissioned
ships clogging the canals of
America’s Gulf Coast, sent
there after years of servicing
oil refineries and platforms

SEE page 13



Full Text




i

Trib une



A] \ ‘ y

LY J i VY a





GOODNESS fas fovie't.

HIGH 83F
LOW 72F

«= CLOUDS
‘wa AND SUN

Officer gunned
down in shootout

@ By TANEKA THOMPSON
and BRENT DEAN
Tribune Staff Reporters
tthompson@tribunemedia.net

A. YOUNG policeman was
gunned down in a hail of bullets
as a fleeing bandit opened fire

-on him just in front of The Tri-
bune on Deveaux Street, leav-
ing him to die in a nearby park-
ing lot.

Constable 2827 Ramos
Williams; 26, of Yamacraw
Estates, who was described as a
“promising young officer”, is
the first policeman killed in the
line of duty this year. He is also

The

Wi Ar i N Vy | py Ch N
IM iE.. AN Y ] LA AGE

i, WE’RE #1



the 79th murder victim in a year
of unprecedented bloodshed in
the Bahamas.

A witness gave The Tribune
an account of the killing; in
which more than 20 shots were
fired between police and an
assailant, leaving bullet holes in

Constable Ranios Williams



Doctors Hospital at 3am, three
officers in a marked white
neighbourhood police vehicle
saw occupants of a Nissan Sen-
tra acting suspiciously, turning
on to Shirley Street from Collins



POLICE ( OFFICERS attend a special healing service yesterday to honour the life and service of
Constable Williams

One of four expected to be charged in

Felipé Major/Tribune staff

nearby buildings. Avenue. The officers pursued

While on routine. police
patrol in Collins Avenue near

SEE page nine

Felipé Major/Tribune staff



POLICE OFFICERS were driving this car which stopped outside of The
Tribune building during the shootout.



connection with murder was on bail

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

ONE of four men expected to be arraigned in
court today in connection with the murder of
police Constable 2827 Ramos Williams was on
bail for firearm possession charges with the intent
to endanger life.

Chief Supt Glenn Miller confirmed this to The
Tribune yesterday, adding that the arraignment of
the group is scheduled for noon.

Man claims
car driven by the
Butlers hit him

before sea plunge

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







confirmed.

THE MAN involved in an acci-
dent with Sir Arlington Butler
has declared that he did not hit
the former cabinet minister and
his wife before they plunged into
the sea last Friday off Potter’s
Cay Dock.

Cedric Johnson told The Tri-'
bune yesterday that it was the car
driven by the Butlers that hit him
and not vice-versa.

“All of a sudden something hit
me from the back. I applied
brakes and the force they hit me

SEE page eight

ment.






Asst Supt Walter Evans said charges will be filed against
the woman, but he did not identify her, nor did he provide a
possible motive for the alleged crime pending the arraign-

Mr Colebrook was found near Bacardi Road last Wednes-
day with multiple stab wounds about the body, making him
_ the country’s 78th murder victim for the year.

No motive was given by police at the time for the killing.
The resident of Sunset Park was discovered “lying on
. the ground” around 6pm on Boxing Day, before being tak-
en to hospital for treatment.
However, he died at about 10pm.
News reports indicated that “several” people were ini-
tially in police custody for questioning.
But this woman is the first and only person charged in rela-
‘tion to the death.

Police did not release the names of the sus-
pects pending their arraignment. However, the
first of the men, a 29-year-old from Wulff Road,

turned himself into the police around 10am.on ..

Saturday.

Several hours later, a 28-year-old Pinewood
Gardens man also turned himself into police
around 5.30pm.

The fourth suspect was apprehended yester-
day, police confirm, after assistance from members

SEE page nine


















~ ng se Anaad,
ronstyi

Ho
Mayet







ANNUAL EVENT

Policeman shot dead

Slain officer
had long-term
aspirations to

join police
" Tebune Staff Roporter

tthompson@tribunemedia.net

AN AUNT of slain police
constable Ramos “Bill”

‘Williams remembered her
‘beloved nephew yesterday as a

respectful, mannerly man who
had long-term aspirations to be

-a police officer, despite the fam-

ily’s misgivings about his dan-
gerous career.
“T tried to talk him out of

‘becoming a police officer

because of the danger involved

SEE page nine



Ralph Seligman QC

Leading

Woman to appear in court in Meeaaxomutes
TTR RST

A WOMAN in her late 40s will be arraigned today in
connection with the murder of 19-year-old Anthony Cole-
brook, who was stabbed to death last week, police have

at age of 88

ONE of the Bahamas’ lead-
ing lawyers, Ralph Seligman
QC, has died aged 88.

The Irish-born attorney was
noted for pioneering racial
integration at the Bahamas
Bar, and was a prominent fig-
ure in freemasonry both in the
Bahamas and Ireland.

e SEE full story and picture
on Page Six

















\
\

{
PAGE 2, MONDAY, DECEMBER 31, 2007 THE TRIBUNE

DEATH OF RAMOS WILLIAMS





ealing service
onours life of a



|
F

President of the Christian Council Bishop John Humes speaks out PURI RT



TIME TO TAKE A
STAND: Sergeant
Campbell from
Internal Security
Division speaks
out against the
crime in the
Bahamas.



CONCERNED CITIZENS attended a healing service against crime yesterday in the area where Ramos Williams
was shot and killed. A contingent of police officers, religious leaders and concerned citizens joined the fam-
ily at the murder scene last night for a special healing service organised by Bahamas Against Crime to pay trib-
ute to the fallen officer.

WE” RE IN THIS TOGETHER:
Rev Dr. William Thompson
president of the Bahamas
National Baptist Missionary
and Educational Convention
speaks out-yesterday on
crime after the death of
- Ramos Williams. The younger
of two boys, Constable
Williams lived in South
Andros until the age of 14
when he came to Nassau to
attend L W Young High
School, his family said.


















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THE TRIBUNE

MONDAY, DECEMBER 31, 2007, PAGE 3



Police seek
gunman who
wounded
man, 24

@ By TANEKA THOMPSON
Tribune Staff Reporter
Prombsanetbunamedt, net

POLICE are seeking a gun-
man who wounded a 24-year-
old man over the weekend.

Around 8am Saturday the
victim was visiting a relative in
Golden Gates No. 1 sub-divi-
sion when a silver Nissan Sentra
approached.

A man in the vehicle pro-
duced a shotgun and blasted the
victim in his left leg before flee-
ing the scene, police said.

The victim was taken to hos-
pital where he is listed in sta-
ble condition. The shooter, who
is known to the victim, is being
sought by police.

Norwegian
Gem receives
a sparkling
reception

@ BY DENISE MAYCOCK
Tribune Freeport
Reporter

dmaycock@tribunemedia. net

FREEPORT - Ministry of
Tourism officials in Freeport
welcomed Norwegian Cruise
Lines’ newest cruise vessel — the
Norwegian Gem -,to Grand
Bahama on Thursday.

The 2,400-passenger. ship
made its inaugural call at
Lucayan Harbour around 8am.

The Norwegian Gem, the lat-
est in the Jewel Class family of
ships and sister to the Norwe-
gian Pearl, is scheduled to make
calls to ports in the Bahamas
through April 2008.

In October, 2007, Norwegian
Cruise Lines announced that it
would again include Grand
Bahama as a port of call the fol-

- lowing month. The company

has agreed to add 32 cruises
between 2007 and 2009. -

Locals say they welcome the
boost in tourism arrivals to the
island, which will amount to
some 38,000 passengers in the
short term. Tourism and Avi-
ation Minister Neko Grant said
he is pleased about the return of
NCL to Grand Bahama.

NCL’s new state-of-the-art
ship, the Norwegian Gem, made
its inaugural Atlantic voyage on
December 13, leaving Boston
for a two night cruise to New
York City. The ship, which will
be based in New York, offers
11 bars, 12 restaurants, some of
the best suites at sea, plus a
four-lane bowling alley, among
other amenities.

The Norwegian Gem is
expected to call again at Grand
Bahama on January 3, 2008.

It will make a minimum of 14
consecutive visits to Grand
Bahama next year, calling dur-
ing February, March, April and
December. The Norwegian
Jade is also expected to visit
Grand Bahama on. December
19 and 26, and return on Janu-
ary 2, 2009. In 2009, Grand
Bahama can also look forward
to visits from the Norwegian
Gem in January, February,
March and April.

Senate president,
House Speaker to
attend London
conference

SENATE president Lynn
Holowesko and House of
Assembly Speaker Alvin Smith
will travel to London to attend
the 19th Commonwealth Speak-
ers and Presiding Officers Con-
ference.

The conference, a biennial
meeting of those presiding over
parliaments in the Common-
wealth, is scheduled for Janu-
ary 2-6.

Delegates will discuss privi-
lege and the right of reply,
keeping order and fostering
decorum, standards and ethics
for parliamentarians, and par-
liament’s relations with the pub-
lic. Each topic will be divided
into sub-areas and be addressed
in detail at workshop sessions.

The topics were proposed

and confirmed at the Common- ,

wealth Speakers and Presiding
Officers Standing Committee’s
meeting at Atlantis hosted by
the Bahamas branch of the
Commonwealth Parliamentary
Association in January, 2007.
Sharon Wilson, former Senate
president, served on the stand-
ing committee and chaired the
January meeting.

Mrs Holowesko and Mr
Smith will be accompanied by
Maurice Tynes, clerk of parlia-
ment.

KILLING OF POLICEMAN REAWAKENS DEATH PENALTY DEBATE

Police are ‘overwhelmingly in
favour of capital punishment

POLICE are “overwhelm-
ingly” in favour of capital pun-
ishment being implemented, it
was claimed last night.

Any killing carried out in
pursuit of robbery or any other
crime should demand the death
penalty, said former assistant
police commissioner Paul
Thompson.

And the murder of a law
enforcement officer in the
course of his duty should auto-
matically result in execution,
he added.

The shooting death of Con-
stable Ramos Williams outside

The Tribune’s office in the ear- —

ly hours of Saturday morning is
expected to prompt new calls
for implementation of the
death penalty, which remains
on the Bahamas’ statute books.

Mr Thompson said he was in
no doubt that hanging was the
right course to follow - and that
the murder of law enforcement
officers should top the list of
capital crimes.

“T don’t think it’s appropri-
ate for killings that result from
two men having a fight, or a
couple having a spat, but |
think it should apply to those
who commit murder in pursuit
of crime or to eliminate possi-
ble witnesses.

“T also think murder by poi-
soning should be a capital
crime because it clearly implies
premeditation.”

Mr Thompson’s views on
capital punishment are shared

by nearly everyone in the |

police force, he said.

“Anyone killing in further-
ance of a crime should be
hanged,” he said. “I also
believe that killing with
firearms should demand the
death penalty.

“In addition, I believe any-

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INTERVIEW: Former assistant police
commissioner Paul Thompson

one jailed for murder who
comes out and kills again
should be executed.”

However, Mr Thompson said
he is not confident hangings
will ever be carried out in The
Bahamas again.

He believes lawyers will do
everything in their power to
frustrate the process.

But he said if capital punish-
ment could not be sustained, a
life term for murderers should
mean life, with an island facili-
ty being built to detain the
most dangerous prisoners.

Yesterday, a police source
said officers felt their hands
were tied in the fight against
violent crime.

And he wondered whether



public outrage over the death
of an officer would match the
anger felt when a Bimini man
was shot by policeman last
week.

“It seems to me that the
criminals get all the considera-
tion while those dedicated men
who fight the villains while the
rest of us are asleep are disre-
garded,” he added.

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“Anyone
killing in
furtherance of
crime should
be hanged. I
also believe
that killing
with firearms
should demand
the death

penalty.”
Paul Thompson



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Rf
PAGE 4, MONDAY, DECEMBER 31, 2007

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE



The Tribune Limited

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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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







Young man recalls his new year

IN THE early hours of Saturday morning,
as the old year neared its end, the criminal vio-
lence that has plagued this community through-
out the year was unravelling in The Tribune’s
back parking lot. A young policeman lay dying
under a large newsprint-filled container, while
his weeping colleague held a gun to the head of
a suspect he had pinned to the ground.

With murder out of control, and the death

count rising almost daily, the police had pre-
dicted 80 deaths before the year ended. On Sat-
urday morning their fallen comrade brought
the homicide count to 79. With barely 24 hours
left to 2007, we pray there will be no eightieth
victim.
Only two Tribune staff were still on the
premises when the shooting started — Clement
Chea, in charge of local and Family Island dis-
tribution, and The Tribune’s security guard.
Suddenly at about 3.10am, there was pande-
monium — racing cars, gunshots, running peo-
ple. Clement rushed to the back door. A
wounded police officer had taken cover under a
large container across the road. He was bleed-
ing profusely. Clement saw a man flat on the
ground in The Tribune parking lot, pleading
his innocence, with a policeman, gun in hand,-on
top of him. The policeman wept uncontrollably
for his dying friend.

Clement, who had had bitter experience with
the consequences of impulsive acts, went over to
a policeman he knew. He reminded him of the

recent Bimini tragedy, and advised that the...
emotionally-out-of-control policeman*and his “=

gun be removed from the suspect before he did
something he would regret for the rest of his life.
Fortunately, police enforcements pulled into
the parking lot and took charge of the situation.
The distraught police officer lay, spread-eagle on
the ground, sobbing. “My partner dead, my
partner dead,” he cried.

Another officer pulled the suspect to his
feet. As the man stood up, he looked Clement in
the eye. There was recognition. “You, know

me, man,” he said pleadingly. He obviously .

hoped Clement would vouch for his innocence.
Ciement remembered him. They had met as
inmates 18 years before in HM Prison, Fox Hill.
Both were teenagers.

Clement was raised in a good home — hard
working parents. He was given a good educa-
tion. Both parents worked at The Tribune — his
mother full time, retiring this year after 51 years
of loyal service; his father part time. Clement
grew up around The Tribune so that his parents
could keep a watchful eye on him after school
hours. But the teenage years were troublesome.
He wanted to make a name for himself — the
easy way and fast.

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mother sent him to the health clinic to get a
medical certificate for a job application. He was
‘16. The clinic was crowded. Impatient, Clement
left and caught a bus home. As he got off the
bus to walk the few feet to his house, a truck
with about 10 men passed. They hailed. He
knew a few of them. He wanted to know where
they were going. He was told they were going to
make a citizen’s arrest to take a thief to the
police station. What excitement for a 16 year
old. Without giving it a second thought, he was
on the truck, a teenage boy with seasoned men.

The citizen’s arrest ended in murder. Clement -

was convicted of manslaughter and sentenced to
five years.

He was released 17 months later when he
was among a small group of prisoners granted
clemency to mark the Bahamas’ Independence.

But Clement had not learned his lesson. The
notorious drug dealer and criminal, Sean Isaacs,
who had terrorised this town and led many
young Bahamians astray, was his idol. Clement
became Sean’s right-hand man, running
firearms, drugs and illicit funds. He was on his
way with a consignment of money to join Sean
in Jamaica on the day Sean was killed, gangland
style. Clement did not believe the report, he
had just talked to Sean a few hours before. He
was angry, ready to fight the world.

He propped the funeral programme with a
large photo of Sean on a table. Each morning as
he passed to leave his home, he would turn to
the photo and say, “Morning, papa.”

One morning, as he said his usual, “morning
papa,” and opened the door to leave, a voice
called his name. He stopped. Again his name
was called. There was no one there. He looked
at Sean’s photo. This time the voice said:
“Clement, please don’t go out like me.”

“I dropped to my knees in my living room,”
Clement recalled. “It was only my God and
me. I prayed. I promised God that, with his
help, I would do anything he wanted me to do.”

When he rose from his knees, a remorseful
man, he resolved to change his life. He sought
help.

A year later he married and now has four
daughters.

Today he is a motivational speaker for the
Ministry of Education to encourage young peo-
ple to avoid the path he had chosen. He is now
part of a gospel singing group.

Clement’s new year came, the day he lis-
tened to his inner voice, and stepped back from
the precipice. Let us pray this New Year’s eve
that more of our youth. will get that call and
change their wayward lives:

Meanwhile, to our readers and advertisers:
We wish you the best that a New Year can
bring.



KE













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MP’S FUNERAL HOME LIMITED

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

A PRIVATE FUNERAL SERVICE

for the late

RAPHAEL DAVID
SELIGMAN, 88

of Nassau, The Bahamas, who died on
Wednesday, 26th December, 2007, was held at
the Jewish Cemetery, Shirley Street, Nassau on
the 28th December, 2007 at 1:00pm.

Anthony Gee, President of The Freeport Hebrew
Congregation, officiated.

Mr. Seligman is survived by his wife, Lorna;
sons, Arthur and Edgar; daughter, Helene;
brother, Donald Seligman; sister, Marie
Seligman; brother-in-law, Dr. Martin Duke;
daughter-in-law, Nuala; sisters-in-law, Simone
Hyman and Barbara Seligman; many nieces,
nephews, extended family and friends.

The family request that instead of flowers,
donations be sent to The Royal Bahamas Police
Force Dependents Trust Fund, P. O. Box N.458,
Nassau in memory of Raphael D. Seligman.

Arrangements by Kemp’s Funeral Home

The election

showed how
hopeless the
PLP really are

EDITOR, The Tribune.

THE year is finally coming
to an end. Let us look back on
some of the things that stand
out, in retrospect what we could
have done better. Some things
that we could have done differ-
ently that may have got better
results. ;

Well the FNM completely
embarrassed the PLP in an
election that exposed just how
hopeless the PLP really are.

It showcased how the PLP’s
slackness or intentional tardi-
ness allowed the register to be
compromised so much that it
was chaos at election time.

More people were disfran-
chised from the mess caused by
the lateness of the boundaries
change, thus causing many hus-
band and wives to vote not only
in different polling stations, but
different constituencies.

This was most embarrassing
and unfortunate and could have
been avoided had the PLP lis-
tened to wise counsel.

In many constituencies it was
alleged that the “fix was on”.
The desperation by the PLP
was finally exposed for what
they are worth.

The sad thing is, supposedly
Christian PLP stood by and
said nothing.

Perry Christie also was
shown, in my opinion, to be the
“weakest leader in the
Caribbean”, a tag he lived up
to, until the bitter end.

He refused to show the
strength required by any leader
when he allowed the now infa-
mous “fight in the cabinet” to
escalate to eventually involve
two of his members of parlia-
ment fighting over a legal case:
allegedly involving an alleged
drug dealer and/or trafficker.

This is alarming, to say the
least. If what we heard the fight
was about is true, our US
friends must be slightly con-
fused.

aM ea

letters@tnbur



This must have caused some
serious concern in Washington.

Who could forget the Shane
Gibson, Anna Nicole firestorm
in the press? This must go
down in history as the most sin-
gular “press grabbing” event in
the Bahamas. We got much
uninvited negative press cover-
age. But I guess if it was just a
family affair, who are we to say
otherwise.

Fast-forward, the most recent
bad press visited on the most
boisterous, cantankerous, brag-
gadocios member who insisted,
when accused of spending most
of the money allocated for all of
the family islands on his con-
stituency, that if he had had the
opportunity, he would do it
again, has reached deafening
crescendos.

The press went straight for
the jugular, and reported what
must have been given them by
the authorities. But the puz-
zling thing is that the incident
happened some weeks ago.
Could this be the work of some
insiders who have had enough
of his arrogance, and decided
to silence him forever?

I personally do not think that
silencing Alfred Gray is possi-
ble because he is always right
and he is smarter than every-
one else, except Fred Mitchell.
Mr Gray now finds himself in
an unenviable position.

He must now become a “high
wire acrobat” trying to balance
between the church which is
where he is able to perfect his
act, the House of Assembly
where he is best on stage, and
his family.

Yes, this year was eventful.
The PLP lived up to its reputa-
tion of doing things quietly,

allegedly not disclosing to the
public all the clauses of various
contracts signed with investors.
Many incidences have surfaced
that suggest their negotiations
were not in Bahamians’ best
interest. Some agreements had
to be watered down to be
somewhat palatable for
Bahamians to swallow.

Freeport felt the full brunt
of the PLP total neglect. They
displayed their disgust by
almost shutting them out of
Freeport.

Finally the PLP bragged
about the state of the econo-
my. They said that the economy
was in good shape, but the
Bahamian people exercised
their options, they decided to
get rid of the PLP even though
the economy was supposed to
be good, for the FNM who they
obviously trusted.

The Bahamas was like a wife
who left her husband that pro-
vided everything monetarily
that she needed, for a man that
respected her. Money was not
an issue; it was a matter of trust
and respect.

In 2008, let us agree to stop
fooling ourselves; no matter
how much we dress up corrup-
tion we will never get positive
results.

Let us not sell the Bahamian
people short.

Many Bahamians are far
more intelligent than we give
them credit for.

Let’s stop speaking to peo-
ple in a condescending way, it
will backfire sooner than later

Drop the rhetoric, the crime
is being committed by the peo-
ple that the PLP administration
allowed to be out on bail from
their negligence to tighten up
the judicial system, that would
prevent emptying the jail of the
most harden criminals.

IVOINE W INGRAHAM
Nassau,
December, 2007.

Fitzgerald statements are without merit

EDITOR, The Tribune.

I AM of the opinion that
Senator Jerome Fitzgerald has
the skills and abilities to take
him beyond senatorial respon-
sibility, but it would seem that
he has a problem in the way
that he arrives at his conclu-


















sions. There is nothing wrong
with holding the party line in
scenarios where ambiguity can
be'used as an effective tool to
keep your opponents on their
guard, but his recent state-
ments blaming the present
administration for problems
that have their genesis in the
last administration, are with-
out merit.

The past administration had
some very good plans, but the
evidence coming forth suggest
that this may have been all
they had. Claims can be made
of “leaving things in place”,
but as you read most of the
news releases, most of the pre-
sentations included the word
“projection”.

Most of us have learned to
be wary of promises made by
any person seeking office and
the “anchor projects” phrase
that we heard far too much of
was one of those things that
most of us said “hmmm”
about.

It is not enough to talk about
plans, ways and methods, but
how we implement is just as
important as the plans them-
selves.

The present administration
is often chided for their cau-
tiousness in the business of the
country, but their style of gov-
ernance offers us a few lessons
in how you go about things.

The fact that this group is
made up primarily of busi-
nessmen is sometimes lost on
the electorate, most of them
are not lawyers, so they have
an inclination to support or at
least have an answer for what
they say or do, and having a
leader such as they have, they
are under constraints of
accountability that seemed to
be absent in the previous
administration. And they have
to give an answer, and most of
us like it that way.

The nation’s current finan-
cial shortcomings have more
to do with the debacle that
resulted from bad judgment
exercised by banks and lenders

in the American sub-prime
market. With financial giants
like CitiGroup and Wachovia
having to do write-downs in
the billions, even locally, the
Morgan Stanley backed devel-
opment in Grand Bahama has
been put on hold for about six
months. Any tourism or bank-
ing based economy is going to
take a hit, and this is just the
way it is — and it makes no
difference what form the infra-
structure takes, and it is not
all about jobs and money, it’s
about the “planned flow”.

Mr Fitzgerald, knows how
important the issue of infra-
structure and planning is and
the importance they play in the
establishment of any venture
that is viable and long lasting,
even if the infrastructure is not
presently connected.

When Galleria Cinemas
opened some time ago it was
seen as an upstart to then
thriving RND cinema network,
but when the Marathon Mall
expanded and there was a
“connection” made, it was only
a matter of time before the lat-
ter was absorbed by the for-
mer. Maybe it is in the culture
to have a problem with the
lessons that we have to learn.

Waiting until we are upset
with someone or something
before we see what our
responsibility is, seems to be
the norm. It should not be so,
if we are to get where we want
to go as a nation.

We can learn from all of the
Bahamian voices, but those

- who speak, must speak more

than the facts we prefer or con-
trive, we have to fairly articu-
late “all” of the information at
our disposal and articulate it,
speaking out of a context that
all can draw from, so that those
who choose to listen are fairly
informed.

EDWARD HUTCHESON

Nassau,
December 28, 2007.

(
THE TRIBUNE

MONDAY, DECEMBER 31, 2007, PAGE 5





THE GRANDMOTHER OF police officer Ramos Williams, Miss Lillian Williams, cannot hold back the

tears yesterday at a healing service against crime.

Major/Tribune staff

ipé

Fel

Crime prompts call for
return to life of prayer

@ By TANEKA
THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

IN THE wake of the killing of
Constable Ramos “Bill”
Williams, and the unprecedent-
ed loss of 79 murder victims in
2007, religious leaders re-issued
the call for Bahamians to return
to a life of prayer and Christiani-
ty to stamp out the scourge of
crime.

Bahamians were also chal-
lenged to be proactive in order
to take back the streets from the
small percentage of criminal

Moss said the nation was ata
crossroads and that the “time has
come” for Bahamians to decide
the course of this nation as it
relates to crime and violence.

Spiritual

“We at the church recognise
that this is a spiritual problem and
it can only be successfully
addressed by spiritual means. We
believe that prayer changes things
and we believe that the people of
God must now step forward and
acknowledge that this problem
can only be addressed through

prayer, fasting and the spirit.”
Also on hand at the service was
Bishop Robert McPhee of
Church of God Inc., who said in
some way or the other every
Bahamian has contributed to
where we are today by either

minds who have roused fear in
law-abiding citizens.

At a healing service organised
by civic group Bahamas Against
Crime (BAC) to honour the life
of Constable Williams, executive
director of BAC Rev Dr CB

Junkanoo seating entry points clarified

lm By TANEKA THOMPSON
-vgtibung Staff Reporter, _,
Hompson@tribunemedia.pet.




a

vaist agdl racic e dond ilpw re 23 he : :

“IN AN effort to eliminate the congestion experienced in the 2007
Boxing Day Junkanoo Parade, the National Junkanoo Committee
has issued an advisory to clarify designated gate entry points for seat-
ing in the upcoming 2008 New Year’s Parade.

According to a statement issued yesterday by committee chairman
Philip Cooper, due to the reduction in the cost of 2007 and 2008
Junkanoo parades, the committee experienced “an overwhelming suc-
cess” in ticket sales which resulted in some congestion and bottle-
necks at entry points.

Hence, the committee issued an outline of designated entry points
for each bleacher section. Ticket-holders are advised to read their
seating assignments properly and sit in assigned seats to reduce con-
gestion.

The designated entry points for Bay Street seating are as follows:

e The Frederick and Charlotte Street south entrance gate will be
located at the end of Frederick Street south

e The Frederick and Charlotte Street north entrance gate will be
located next to Mademoiselle

¢ The Charlotte and Parliament Street south entrance gate will be
located at the end of Charlotte Street next to the Fendi store

e The Charlotte Street north entrance gate will be located at the end
of Charlotte Street between Athena’s Cafe and Solomon’s Mines

¢ The Parliament Street north (or Scotia Bank seating) entrance gate
will be located through Bank Lane next to Scotia Bank .

e The Parliament Street south entrance gate (directly opposite
Scotia Bank) will be located at the end of Parliament Street next to the
House of Assembly

¢ The Rawson Square north and the VIP section for the Churchill
Building entrance gate will be situated on Bank Lane north only at the
entry road to the Churchill Building

¢ The Rawson Square South, Rawson Square VIP, and the VIP
section in front of the Gucci store entry will be at Bank Lane south only

¢ Cabinet Parking Lot seating entry will be on East Street north

e Seating at Elizabeth Avenue will be located at the end of Elizabeth
Avenue and Bay Street.

The Shirley Street entrance points are as follows:

¢ Rodney Bain seating will be:located at the end of Parliament
Street in front of the Rodney Bain Building. Victoria Gardens seating
can also be accessed at this point as well as through East Street next to
Zion Baptist Church

° City Parking Lot seating can be accessed through East Street as well
as through Shirley Street and Elizabeth Avenue.

GIFT & BRIDAL REGISTR

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turning a blind eye to crime or
by being involved-in criminal
activity directly

Sergeant Campbell. a fellow
officer of Constable Williams,
appealed to the crowd to reverse
the fear of crime and drive it into
the hearts of perpetrators by tak-
ing a no-nonsense approach.

“This is our problem, the so-
called good men and women sit
idly by (in fear) and do nothing. |
want to challenge the Bahamas
to reverse the fear.

“The criminals have us in fear.
We are barring up our homes, we
are changing the way we do our
business because we are in fear.
but criminals are also afraid of
one thing: being arrested and
incarcerated.

“If we bind together we can
reverse the fear.

“If we send the message that
if you do something wrong some-
body will give a statement, some-
body will go to court, somebody
will testify and a good-thinking
jury will conVict. We have to
reverse the fear.”

‘The healing service was held
at the parking lot on Deveaux
Street across from The Tribune
building =the site where @onsta-
ble Williams died ,

Chairman of BAC Philip Bene-
by, VP of Bahamas Christian
Council Rev Patrick Paul, chair-
man of BAC Dr William Thomp-
son, president of Bahamas Chris-
tian Council Bishop John Humes
and Bishop Simeon Hall also
spoke at vesterday’s service.

TROPICAL
EXTERMINATORS
eH TE
PHONE: 322-2157

Pair charged with illegal drug
possession in Eight Mile Rock

FREEPORT - Eight Mile Rock residents
James Deveaux, 32, and Jackson Deveaux,
33, were charged with illegal drug possession
in the Eight Mile Rock Magistrate’s Court
on Friday.

The men appeared before Magistrate Deb-
bie Ferguson and pleaded not guilty.

James Deveaux was further charged with a
second count of possession of dangerous
drugs.

He pleaded not guilty to this charge as well.

The men were granted bail with sureties
and the matter was adjourned May 7, 2008 for
trial.

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PAGE 6, MONDAY, DECEMBER 31, 2007

THE TRIBUNE



Prominent lawyer







By a>

RALPH SELIGMAN QC gets help in adjusting his wig from

his two sons, Edgar. and Arthur, both members of

the Bahamas Bar, in the Garden of Remembrance outside of the Supreme Court on June 22nd, 1996.

























BY FAR the most valuable
resource of The Common-
wealth is its people. It there-
fore follows naturally that our
children must be protected
and all necessary resources
must be provided for their
nurturing and education by
both our families and the
State alike. I doubt if there
would be many who would
disagree with this premise.

Settling on what is the sec-
ond most valuable resource
may not be as easy. However
I have just read the Decem-
ber 2007 NEWS-BREEF
published by the Bahamas
Reef Environment Educa-
tional Foundation.

This has made me easily
come to the conclusion that
the runner up position must
go to the waters and reefs
surrounding the islands of
The Bahamas and the fishes,
fhirds, mammals and other



creatures which are nurtured
by them and make these
waters their home.

For most of our history
these waters have provided,
in one way or another, the
livelihood for a large number
of our people.

For some it provides fish,
crawfish and conch.

For others it may have
been the route for getting
liquor into the USA during
prohibition.

In earlier times Pirates
brought their booty here
through these waters. Now
these waters and reefs as well
as the beaches created by

Wiener

these reefs and the actions of
these waters attract millions
of tourists and provide a
livelihood for the majority of
our people.

Should it not therefore nat-
urally follow that every effort
must be made to protect
these waters from pollution
and our reefs from abuse?

Additionally the flora and
fauna that are dependent on
these waters and reefs for
their nourishment, growth
and preservation must be
protected.

We cannot over fish or
over collect conch and craw-

fish and we:cannot kill and |



Craig Lenihan

RALPH SELIGMAN QC,
one of the Bahamas’ most
prominent lawyers, has died at
the age of 88. His funeral was
held in the Jewish Cemetery,
Shirley Street, Nassau, on Fri-
day.

Mr Seligman, a man of many
talents, was a pioneer in break-
ing down racial barriers at the
Bahamas Bar, and was a leading
figure in freemasonry, both in
The Bahamas and Ireland.

Born in Dublin, Ireland, in
1919, he graduated from the
University of Dublin, Trinity
College, in 1939. He practised
as a solicitor in Dublin before
moving to The Bahamas in 1957.

In Nassau, he served as a

stipendiary magistrate and cir- »

cuit justice between 1962 and
1967. He was admitted to the

collect coral for trinkets with-
out depriving our children,
grandchildren and their
descendants of their
birthright. « :
What better resolution for
2008 and beyond can there’
be, other than protecting and
nurturing our most valuable
riches?

Bahamas Bar in 1967 and
formed a partnership with the
former Chief Justice, Sir Guy
Henderson.

In 1972, he formed the part-
nership of Seligman, Maynard
and Co with Julian Maynard,
son of Sir Clement and Lady
Maynard. At the time, Mr Selig-
man said he was proud to have
broken down racial barriers at
the Bahamas Bar by forming
such a partnership.

He was.a consultant at Gra-
ham, Thompson and Co from
1986 to 1996 and joined the firm
of Harry B Sands and Co in
1996. He was called to the Inner
Bar in June of that year.

He was still practising law at
the age of 88 and was at the
office the day before he was
admitted to hospital.

He was due to retire at the
end of this year.

Two Attorneys General were
articled to Mr Seligman - Sean
McWeeney and Claire Hepburn.
Another Attorney General, Ali-
son Maynard-Gibson, worked
closely with him at Seligman,
Maynard and Co.

Carey Leonard, former coun-
sel to the Grand Bahama Port
Authority, also articled under

His masonic career spanned
65 years, first in Dublin and then
in numerous lodges in The
Bahamas and Turks and Caicos
Islands.

He was appointed the District
Grand Master of the Bahamas
and Turks, Grand Lodge of Eng-
land and Wales, in 1983 and
served in that capacity for 10
years.

He also served as the Grand
Master of Bermuda, Grand
Lodge of Ireland.

Mr Seligman was honorary
consul general of the State of
Israel from 1974 to the time of
his death and was instrumental
in securing a visa abolition agree-
ment between Israel and The

Bahamas. He also served as vice- -

dean of the consular corps.

Non-Stop Extravaganza at SuperClubs Breezes Bahamas December 31, 2007

Mid Afternoon Gitt fest

All guests will receive a gift bag,
to include traditional
New Years Eve paraphernalia.
This will allow guests to prepare for an evening of
exiting festivities. Dress to impress.

Martini Splash

some of our world

Get the evening started wit
famous Martini’s in the Piano Bar

New Vears Fab Fare
At 6:00PM Breezes Bahamas presents Three (3)
fabulous dining options;

Main Dining Promenade

Featuring a Succulent Lobster Buffet,

Long Island Grilled Lamb Chops,
Fresh Gulf Shrimp on Ice and Roast Beef Tenderloins,
~ with an array of Fresh Salads,
International Cheeses, Tropical Fruits and Desserts
Created by our Award
Winning Pastry Chefs

Garden of Eden

Experience the cuisine of “Mother Earth’.
Fresh Seafood and Steaks-all prepared by a team
of culinary professionals,

6
Join us at 6-00PM

Pastatari

Elegant Dining, Featuring the best of
our Italian Cuisine

”
pits awaken
for “Bubbles and Laughter”
At four Bars locations thought out the resort, as we

begin our New Years Toasting

“A Night of Cabaret Show”

Join with us as we feature some of Nassau’s
Legendary Entertainers.
Lobby lounge. area.

11:30pm, Come Dine Wid We “Bahamian Style”

at the Mid-Night Buffet

Serving Mama’s Stew Fish and Chicken Souse.

11:40PM Junkanoo Rush-out while
Father Time moves on.

After midnight its time for
“Junkanoo in Nassau” Head into town,
for what can only be described,
as the ultimate cultural experience.



Ralph Seligman dies

His wide and varied interests
included a great love of travel.
He visited everywhere from
Antarctica to Siberia and Chi-
na. His trips were always a bit
out of the ordinary: a few years
ago he travelled to Easter Island.

He loved reading and litera-
ture, was a Joycean scholar and
wrote scholarly articles on vari-
ous aspects of both Bahamian
and Irish freemasonry. 7

He was actively involved in a
number of charitable organisa-
tions but the one very close to
his heart was the Royal
Bahamas Police Force Depen-
dants Trust, of which he was a
trustee.

In June, 1996, in his speech to
the Inner Bar, Mr Seligman said:
“T am particularly proud that I
broke prevailing racial barriers
when I invited Julian Maynard
into partnership with me in
1972.”

In addition to his legal skills,
Mr Seligman had impressive the-
atrical talents. He was a fine
actor on the stage in Dublin
before arriving in The Bahamas.

Some of those he acted with ,
went on to have distinguished
acting careers. These included
Burgess Meredith, Paulette
Goddard and Carroll O'Connor
(Archie Bunker in the TV series
All In The Family).

Anthony Gee, president of the
Freeport Hebrew Congregation,
officiated at a private funeral
service.

Mr Seligman is survived by his

’ wife Lorna, sons Arthur and

Edgar, daughter, Helene, broth-
er Donald Seligman, sister Marie
Seligman, brother-in-law, Dr
Martin Duke, daughter-in-law,
Nuala, sisters-in-law Simone
Hyman and Barbara Seligman,
many nieces, nephews, extended
family and friends.

The family request that
instead of flowers donations be
sent to The Royal Bahamas
Police Force Dependents.:Trust
Fund, P.O. Box N. 458, Nassau,
in his memory. a6 Hase4

WN
a

. :
ACW oo
THE TRIBUNE

MONDAY, DECEMBER 31, 2007, PAGE 7



Pa eee Eee
A death foretold: a world imperilled

USK has fallen on
2007 leaving a
more perilous
world than mankind has col-
lectively known in recent time.

Benazir Bhutto was assassi-
nated in Pakistan just days
before a general election at
which she was expected to be
elected Prime Minister.

Her assassination has left
Pakistan sitting on a powder
keg.

If it explodes, as it is expect-
ed to, the damage will not be
contained within its boundaries.

Pro-Taliban militants and
extremists sympathetic to al-
Qaida had indicated before
Benazir’s return to Pakistan
from exile that they would tar-
get her with suicide attacks
because of her pro-western atti-
tude.

The US administration of
George W Bush had brokered
her return in September on the
basis that she would become
Prime Minister under the Pres-
idency of Perez Musharraf.

Hers was a death foretold.

President Musharraf, in con-
demning her assassination,
blamed “those terrorists with
whom we are fighting.” He
said: “The biggest threat to
Pakistan and this nation is from
these terrorists. We will not sit
and rest until we get rid of these
terrorists, root them out.”

Musharraf’s statement may
play well with the US adminis-
tration with whom he has
aligned himself in the so-called
“war on terror” and from
whom his government has
received billions of dollars in
assistance to “fight these ter-
rorists”, but he was not spared
from suspicion at home.

Former Pakistan Prime Min-
ister, Nawaz Sharif, who is not
being allowed to contest the
upcoming general election, said
on the BBC: "There has been a
serious lapse in security. The
government should have
ensured the protection of
Benazir Bhutto."

Now, there are bound to be
reprisals from her most’ardent
supporters.

And the reprisals will be
directed as much at President
Musharraf as at extremist
groups.

Nawaz Sharif has actually
called for revenge saying:
“Benazir Bhutto was also my
sister, and I will be with you to
take the revenge for her death.”

Russia also recognised the
danger of a wave of terror in
Pakistan.

The Deputy Foreign Minis-
ter, Alexander Losyukov, told
the Tass News Agency that the
killing could trigger a wave of
terror in the country.

A civil war with its atten-



RAGE: A supporter of slain opposition leader Benazir Bhutto, seen in

. ee
ai. <<.

Sil eee Sanders

dant bloodbath threatens Pak-
istan, and the first few days of
2008 will set the stage for an
international drama that will
engulf the entire world.

It is a drama in which we can
expect the government of the
United States to seek to play a
prominent role to try to bring
about some stability to the
country.

The US National Security
Council — with the sympathetic
concern of European Union
countries, Russia and India —
would be extremely concerned
about the safety of Pakistan’s
nuclear arsenal and the danger
of it falling into hostile hands.

Bloodletting

But, if the US is to play a

- role in Pakistan, we must hope

that it will do so under the
umbrella of the United Nations
Security Council and with the
advice, support and participa-
tion of Europe and Pakistan’s
neighbouring states, including
the Arab countries.

The stakes in this particular
game are too high for further
“pre-emptive strikes” and uni-
lateral action.

The problem that Pakistan
now poses is global in nature,
and it requires a global
response.

Muslims worldwide should
also recognise that Benazir
Bhutto’s assassination has
wounded their community as a
whole.

Muslims have turned on

Muslims contrary to the teach- .

K M Chaudary/A{ Photo



poster in background, chants anti government slogans in Lahore, Pak-
istan yesterday. Benazir Bhutto’s 19-year-old son was chosen Sunday
to succeed her as chairman of her opposition party, extending Pak-
istan’s most famous political dynasty but ieaving the real power to her
husband, who will serve as co-chairman.



IN MOURNING: Asif Ali Zardari,
left, husband of Pakistan’s former
Prime Minister Benazir Bhutto, seen
in photo, addresses a news con-
ference with his son Bilawal Bhut-
to who has been nominated Chair-
man of the party in Naudero, near
Larkana, Pakistan on Sunday, Dec.
30, 2007. The party also decided to
contest upcoming elections.

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“A civil war
with its —
attendant
bloodbath
threatens
Pakistan, and
the first few
days of 2008
will set the
stage for an
international
drama that will

engulf the

entire world.”



ings of Islam. The global Mus-
lim community should join in
ending this saga of bloodletting
that has marred their funda-
mental beliefs and traditions
and made them targets for
opportunists. :

The UN Security Council is
the body to which the world
will look for sensible arrange-
ments to diffuse the anger that
now suffuses Pakistan, to stave

off attempts by insurgent.

groups to plunge the country
into catastrophe, to return the
state to normalcy, and to avoid
the spread of its instability to
other parts of the world.

But, neither the Security
Council alone nor the US alone
will do it. ,

Real maturity is required by
all those who are concerned
about extinguishing the fuse
that has been lit in Pakistan by
the assassination of Benazir
Bhutto.

Such maturity demands set-
ting aside notions of national
interest and superior power;
resorting to those notions will
only fan the flames of resent-
ment and resistance even mote.

* The UN Security Council
must involve Pakistan’s neigh-
bouring states and the Arab
countries, including those that
are accused of harbouring and
promoting “terrorism”.

Oil prices now hover at $100
a barrel with already harmtul
effects on the global economy,
particularly on the cost of food.

In short order, events in Pak-
istan will help to push the price
to $150 unless oil producing
Arab states sit at the table that
seeks a solution to the heady
mix of religion, international
politics and war that Pakistan



Responses to: ronald-
sanders29@hotmail.com

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

- diplomat)






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THE TRIBUNE

PAGE 8, MONDAY, DECEMBER 31, 2007
LOCAL NEWS





YOU ARE INVITED TO WORSHIP WITH US AT OUR

“WATCHNIGHT” SERVICES

The Bahamas Conference of The Methodist Church wishes each and every person a Peaceful
, New Year.
On behalf of all Ministers, Pastors and Staff of the BCMC we offer a warm welcome to you to
attend the WATCHNIGHT SERVICES in our Churches on New Year's Eve.

Watchnight and Covenant Sunday hold major significance in the Methodist tradition. Charles
Wesley wrote a number of hymns specifically for the New Year. These hymns are featured in our
Watchnight and Covenant Sunday services.

At a time in the Bahamas and in the world when violence and evil threaten our lives and shatter
our souls, the BCMC has launched a PEACE INITIATIVE. We invite you to make a change in
your plans this year and come to Church, pray for peace and become a PEACE AGENT.

Watchnight Services will be held in the following BCMC Churches throughout the Bahamas.

Mrs. Kenris L. Carey
President of the Conference



Dr. Reginald W. Eldon
Secretary to the Conference



Rev. Dr. Laverne R. Lochart
Vice President of the Conference



Mr. Vincent A. Knowles
Treasure of the Conference

SERVICES AT 11:00 P.M.

Abaco

Rev Charles Carey
Aldersgate Methodist Church
Marsh harbour, Abaco

The Methodist Church
Green Turtle Cay

Eastern Abaco.

Rev. Dr. Stephen Hale
Epworth Methodist Church
Cherokee sound

St. Andrew’s Methodist Church
Dundas Town

St. James Methodist Church
Hope Town

Grand Bahama
New Hope Methodist church
Rev. Christopher Neely

North Eleuthera

Rev. Marie Neilly, Pastor Ednol Cash,
Rev. Carlos Thompson

The Current Methodist Church
The Current

Zion Methodist church

Current Island

Wesley Methodist church

Harbour island

Charles Wesley Methodist Church
Lower Bogue

John Wesley Methodist church
The Bluff

South Eleuthera

Deep Creek Methodist Church
Deep Creek ,

Rock Sound Methodist Church
Rock Sound

Savannah Sound Methodist Church
Savannah Sound

Tarpum Bay Methodist Church
Tarpum Bay

Wemyss Bight Methodist Church
Wemyss Bight

Andros
Wesley Methodist church
Mastic Point-PastorJonathan Rolle

. Wesley Methodist Church

Stafford Creek—Pastor Vivian Deveaux
Wesley Methodist Church
Staniard Creek - Mr. Andre Darville

Bimini
Wesley Methodist church
Alice Town — Rev. Don Portoff

Cat Island
Great Bethel Methodist church
Rev. Manette Poitier-Cripps

Inagua
Wesley Methodist Church
Matthew Town-Pastor Henry Whyte

Central Eleuthera

Rev. Godfrey Bethell
Wesley Methodist Church
Governor's Harbour
Gregory Town Methodist Church
Gregory Town

St. Mark's Methodist Church
Hatchet Bay

Wesley Methodist Church
James’ Cistern

Wesley Methodist Church
Palmetto Point

New Providence

Agape Methodist Church, Solidier Road
10:00 p.m. — Rev. Mark Carey
Ascension Methodist Church, Prince
Charles Drive —

11:00 p.m. Rev. Dr. Laverne Lockhart
Coke Memorial Methodist Church,
Bernard Road

10:00 p.m. - Pastor Charles Moss

Curry Memorial Methodist Church,

Zion Boulevard

11:00 p.m. — Rev. Charles Sweeting
Ebenezer Methoist Church, East Shirley Street
11:00 p.m. — Dr. Reginald W. Eldon
Global Village Methodist church,
Queen’s College Campus"

10:45 p.m. — Rev. James Neilly

St. Michael’s Methodist Church

Boyd Subdivision

10:00 p.m. - Rev. Philip Stubbs

Trinity Methodist Church,

Frederick Street

11:00 p.m. - Rev. William Higgs

Wesley Methodist Church, Bluehill Road
10:00 p.m. - Rev. Carla Culmer



CEDRIC JOHNSON shows damage to his red Ford F150 truck he claims was the result of an accident with Sir

Brent Dean/T ribune staff

Arlington and Lady Sheila Butler at Potter's Cay Dock on Friday afternoon.

FROM page one

with spinned me around,” he said.

Mr Johnson emphasised that he did not run
away from the scene of the accident, as may have
been the impression from some reports after the
event.

“T called the police. I called 919. I called the police
there,” he said. “I beckoned the gentleman in the
boat to get the people (the Butlers).”

The impact of the accident, he said, spun him in
the opposite direction, as was recorded in The Tri-
bune by an eyewitness. Sir Arlington and Lady
Sheila then plunged over the eastern end of the
dock into the sea. The strong current took their car
west near the centre of the harbour.

“The two of them went overboard and they pan-
icked,” Mr Johnson continued. “The two of them
panicked in the car and I had to yell at them ‘screw
the window down and come out’.”

The Butlers didn’t come out of the car right away,
Mr Johnson said, but he kept urging them to “come
out the window, come out the window.”

a

Man claims

“After a while, she came out and tried to swim. I
said, ‘don’t swim, just relax, just relax’ because the
boat was right there,” he said, referring to the small
vessel that took Lady Sheila aboard and towed Sir
Arlington to safety at the dock. The Butlers were
then pulled up aboard the larger boats docked at
Potter’s Cay.

Mr Johnson said that, along with calling police, he
gave a full statement to an officer who arrived on the

- scene, and was told he could go after doing so. This,

he said, was evidence that he did not “hit and run”
from the scene.

All he wanted now, Mr Johnson told The Tri-
bune, was for the Butlers to pay for minor damage to
the rear of his red Ford F150 truck.

Sir Arlington, he added, is a “respectable man”
and any incorrect account he may have given after
the accident indicating that the truck hit their vehi-
cle was given as emotions were high just after the
incident.

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THE TRIBUNE

MONDAY, DECEMBER 31, 2007, PAGE 9



FROM page one

but that was (the career) he wanted,” Jessica
McQuay told The Tribune after a special healing
service to honour the life and courageous ser-
vice of Constable Williams, who was gunned
down in the line of duty early Saturday morning.

“Even though that was not the path I want-
ed for him, he died doing what he loved.”

She said that, in this time of mourning,
knowing that Constable Williams died “doing
what he loved” provided some solace to the
family. The younger of two boys, Constable
Williams lived in South Andros until the age of
14 when he came to Nassau _ to attend L W
Young High School, his family said.

A resident of Yamacraw Estates, he leaves
behind no children. Ms McQuay attended the
memorial service along with Constable
Williams’ grandmother Lillian Williams, who
arrived from South Andros late Sunday after-
noon. Constable Williams’ mother is expected
to return to New Providence from the United
States today to join her family in mourning.

A contingent of police officers, religious
leaders and concerned citizens joined the fam-
ily at the murder scene last night for a special
healing service organised by Bahamas Against
Crime to pay tribute to the fallen officer.

Hailed as a “soldier who died on the battle-
field”, Constable Williams was shot in the line
of duty early Saturday morning during an
exchange of gunfire in a parking lot on
Deveaux Street near The Tribune building.

He was reportedly struck multiple times,
receiving a fatal shot to the chest as he, along
with two other plainclothes officers;
approached the suspects’ vehicle.

He was pronounced dead on arrival at the
Princess Margaret Hospital minutes later, at
about 3.10am.

Constable Williams was attached to the

Long term aspirations

North Eastern Division at Wulff Road Police
Station.

During an emotional eulogy, Sergeant Camp-
bell of Wulff Road police station described
his fellow officer, “Bill”, as a cheerful person
who never had a sad moment.

He challenged the congregation to be proac-
tive in the fight against crime by turning in
known criminals and to not turn a blind eye to
the scourge in society.

“I’m proud of Williams. When (police offi-
cers) sign on that dotted line we know that we

sign to go the last mile if necessary. Williams °

died as a soldier on the battlefield but let not
his death be in vain,” Sgt Campbell urged the
crowd. “Let us send a message to the criminals
that we are not afraid of them, that we are
prepared to reverse the fear (of crime).”

Police reports indicate that around 3am Sat-
urday, the mobile unit was patrolling the
Collins Avenue area near Doctors Hospital
when they pursued a Nissan Sentra on to
Deveaux Street. Constable Williams, along
with two other plainclothes officers, left their
marked police car and approached the vehicle.

Upon their approach, there was an immedi-
ate exchange of gunfire and subsequently Con-
stable Williams was fatally struck.

One suspect was apprehended at the scene.
After police vowed to bring the case to swift
closure, a 29-year-old male resident of. Wulff
Road turned himself into police at 10am Sat-
urday.

Around 5.30 pm, a 28-year-old male resi-
dent. surrendered to police. On Sunday, a
fourth man was arrested by police. :

Constable Williams is the first officer killed
in the line of duty for the year and the 79th
homicide for 2007, police report.

Officer gunned
down in shootout

“The 2007







se nce, The powerfu {

igious high performance




FROM page one

the vehicle, which turned the
wrong way on to Deveaux
Street, where the shoot-out
occurred.

“When they turned on to
Deveaux Street, two of the
men exited the moving car,
and immediately began run-
ning. One was shooting,” the
witness said, with the Nissan
Sentra proceeding past The
Tribune with the driver
remaining in the car. The car
reportedly stopped in front of
the law firm of Governor Gen-
eral A D Hanna, next to The
Tribune.

The police car, which was in
pursuit, followed and stopped
directly in front of The Tri-
bune where it was hit by shots
from the fleeing gunman.

“Just as the police car
stopped, this kid jumped out,”
the witness added, declaring
that Constable Williams did
not have on a bullet-proof vest
when he was hit multiple times
in the chest.

The injured officer then
staggered across the street to
the back of a yellow storage
container in the parking lot
next to The Tribune as the
gunfire continued.

Police fired at the fleeing
assailants, one of whom ran
through hedges in front of the
old 100 Jamz building still fir-
ing at Constable Williams and
the other officers as he ran.

Bullet indentations mark the
container where the slain
police officer sought shelter.

‘ Having already been mor-
tally wounded, Constable
Williams made it to the end of
the parking lot behind the con-
tainer when he fell and died.
His blood was still visible a
day later at the spot of his
death.

The two remaining officers
apprehended one of the men,
who the witness claims was the
driver, arresting him in the
street in front of The Tribune.
One of the officers was seen
crying as he arrested the sus-
pect.

Constable Williams was tak-
en to Princess Margaret Hos-
pital where he was pro-
nounced dead on arrival at
3.10am. Police confirmed that
he was not wearing a bullet-
proof vest at the time of the
shooting. A photo taken at the

time of the incident indicates
that neither of the other offi-
cers appeared to be wearing
bullet-proof vests either.

Dozens of police officers
swarmed the scene minutes
after the incident, including
Acting Commissioner Regi-
nald Ferguson and Chief Supt
Hulan Hanna, both of whom
described the incident as an
assault on the RBPF.

Constable Williams’ two
partners appeared visibly shak-
en at the scene and were
brought to tears over the sud-
den loss of their colleague.

“An assault on law enforce-
ment is an extremely serious
matter to which we will exert
all of our energy to bring this
matter to closure in (the short-
est) time possible,” said Acting
Commissioner Reginald Fer-
guson at the scene after
expressing his condolences to
the family of Constable
Williams.

Chief Supt Hulan Hanna
added: “We are concerned
when things like this. happen
because it sends a clear mes-
sage. These officers, though in
plain clothes, were driving a
marked police vehicle, and an
assault on law enforcement in
this brazen fashion is clearly
an assault on every right think-
ing and law-abiding person in
this country.”

About seven hours after the
shooting, police report that a
29-year-old man from Wulff
Road turned himself in to
police around 10am on Satur-
day.

A 28-year-old Pinewood

Gardens man later-turned.

himself. into police around
5.30pm, Asst Supt Walter
Evans said in a statement yes-
terday. A fourth suspect was
caught by police on Sunday.

Constable Williams was
described by colleagues as a
“courageous officer” who gave
his life for the force. A full mil-
itary funeral service is planned
in memory of the slain officer,
who served five years on the
RBPF.

He was attached to the
North Eastern Division at
Wulff Road Station, and was a
bachelor with no children.

The police chaplain, Father
Steven Davies, was dispatched
to counsel grieving relatives
and colleagues of Constable
Williams, Acting Commis-

sioner Ferguson told the
media.

In the wake of the killing, a
police source questioned if the
public would rally behind the
often criticised force in this
time of mourning.

“When acop kills someone,
there is an outcry,” he said. “I
wonder what outcry there will
be with this brutal killing?
Under the current law, the
hands of police are tied, and all
sympathy goes to the criminal
rather than the police.”



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One of four expected to be charged in
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FROM page one

of the public who spoke with an officer, providing him with the
whereabouts of the individual. However, no information was giv- —

en On where the rman was arrested.

Asst Supt Walter Evans thanked the public for help with bring-

ing this investigation to closure.

Constable Williams died after being shot multiple times in the
chest in the parking lot across from The Tribune in a shoot-out at

3am on Saturday.

He was taken to Princess Margaret Hospital where he was pro-
nounced dead on arrival at 3.10am. A full military funeral will be
neld for the officer, who served five years on the force.

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PAGE 10, MONDAY, DECEMBER 31, 2007

THE TRIBUN





CARIBBEAN NEWS

Cuban housing shortage forces
divorced couples to cohabitate

m@ HAVANA "



AFTER 21 years of marriage,
Pedro Llera and his wife Maura
decided to call it quits.

Their divorce took 20 minutes,
but Llera compares what came






next to “more than a year of

open war in the house”, accord-
ing to Associated Press.
Sleeping in the same bed and
sharing a single room with their
14-year-old daughter, they bat-
tled in Cuba’s courts over who

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should stay in their second-floor,
two-bedroom apartment in
Havana’s spiffy Vedado district.

Estranged Cuban couples
sometimes remain under the
same roof for years or even life-
times, learning that while divorce

on the island is easy, housing is
not. The phenomenon is a tes-
tament not only to the commu-
nist-run island’s severe housing

shortage, but also to Cubans’

ability to stay friendly — or at
, least civil — under the most awk-

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PEDRO LLERA sits in his bedroom in the home where he lives with his

ex-wife in Havana, Thursday, Dec. 27, 2007. Estranged Cuban couples
sometimes remain under the same roof for years or even lifetimes,
learning that while divorce on the island is easy, housing is not.

ward of circumstances.

“In a developed country, you
get divorced and someone goes
to a hotel and then to a new
house,” said Llera, a 60-year-old
mechanic. “Here we had to keep
living like a couple.”

By law, Cubans cannot sell
their homes and because the
state controls almost all proper-
ty, moves must be approved.
Housing is so scarce, however,
that often there is nowhere to
go.
The government has long esti-
mated an island-wide shortage
of half a million homes. In 2006,
officials reported construction of
110,000 houses, one of the largest
single-year totals since Fidel Cas-
tro’s 1959 revolution. But similar
home-building initiatives this
year were slowed by the rising
costs of materials and Tropical
Storm Noel’s severe flooding of
eastern Cuba.

Another Havana resident, 45-

year-old Mirta, decided to
divorce her husband of 18 years
in 1997. The couple hired a
lawyer and signed papers amica-
bly.

But neither one could move
out. A decade later, they still
share the same two-bedroom
apartment off the famed Male-
con seaside promenade with
their sons, now 18 and 20.

“We use the same kitchen,
same bathroom. We have sepa-
rate bedrooms, but the electrici-
ty, the telephone, the refrigerator
— there’s only one,” Mirta said.
“If you're going to get dressed,
you have to hide in the bathroom
or in the bedroom. There’s no
privacy.”

She said she and her ex-hus-
band clash over utility bills and
race home from work for first
use of the stove at dinner time.

“He's had other women but
he always comes home to the
same house,” said Mirta, who
asked that her full name and pro-
fession not be published because

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she did not want to be identified
publicly as complaining about
Cuba’s housing crunch. “You
want to be independent and
open the door to your room, but
with other women there, it is
very uncomfortable.”

The shortage is exacerbated
by failed marriages. In 2006, the
latest figures available, Cuba
reported 56,377 marriages and
35,837 divorces. That’s a yearly
divorce rate of nearly 64 pércent,
though it does not account for
those married and divorced mul-
tiple times.

Breakups are so common that
Cubans joke that anyone whose
parents stay together needs a
lifetime of therapy.

“On some days there aren’t
weddings without at least one
person who has been divorced,”
said civil registrar Patria Olano,
who officiates up to 15 weddings
a day at a “Marriage Palace,” or
government-run wedding hall, in
Old Havana. “It’s happy anyway
because it’s always a new begin-
ning.”

Couples pay US$1.05
(euro0.71) for the 5-minute legal
transaction, sealed with a kiss.
Olano reads a dense paragraph
of regulations, then asks: “Are
you sure you still want to get
married?” Couples sometimes
simply nod. A sign nearby reads
“To get married, dress correctly.
No shorts, tank tops or flip flops,
please.”

On a recent Friday, Pedro
Angel Leon wore a sport coat to
tie the knot with his girlfriend of
nearly two years, Barbara
Mendez. It was his third mar-
riage, her second.

“The first marriage is for pho-
tos and parties,” said Leon, a 52-
year-old volleyball referee. “This
time everything is more calm.”

Leon moved in with his new
bride and her parents before the’
wedding. we pe

“Finding a house is the hardest
thing,” he said.



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{
THE TRIBUNE



CARIBBEAN NEWS

Venezuelan coastal town says Hugo




Chavez’s revolution hasn’t arrived yet

@LAS CUMARAGUAS,
Venezuela

t IN‘THIS dusty town of pot-
holed roads on the Caribbean
coast] people are fascinated with
the revolutionary changes that
President Hugo Chavez talks
about constantly on television,
according to, Associated Press.

. But) nine: years after he was
elected, many here say their lives
are virtually the same. There are
still few jobs. Running water
comes|only two days a week at
best. Paint peels from the walls
of the public school, where teach-
ers st they badly need more
books. |.

‘The state is building three
dozen concrete homes here, but
construction has dragged on while
some residents are living in quar-
ters so cramped they must string
up hammocks in their living
rooms: | |
elit they ask, is Chavez's

revolution? . ;

' “Tt hasn’t arrived yet. Not here
in Las araguas,” says Oriel
Urbina, a 48-year-old who works
gathering rock salt in the cactus-
fringed flats that run along the
beach. | |,

Although many Venezuelans
in this town believe in Chavez
and have; consistently voted for
him, their complaints reflect key
weaknesses in his political move-
ment that likely contributed to
his:first electoral defeat on Dec, 2.
j (Chavez blamed low turnout
among supporters for the rejec-

ion of constitutional changes that

ould have reshaped the econo-
my and ended presidential term
limits. He said the lesson will ulti-
mately strengthen his socialist
eeu he said, are

“necessary now and then.”

: His popularity remains high,
and he presides over an expand-
"ing economy propelled by surging
oil prices, |;

: But even some loyal backers
complain of basic deficiencies in
his rule: government corruption,
bureaucracy; rampant crime, dop-
ble-digit inflation and recent
shortages ofjitems like milk. |

“They feel disenchanted, and
that explains why they didn’t
show up” to vote, said Steve Ell-
ner, a political science professor
at Venezuela’s University of the
East. “There’s a feeling that for
all the high-sounding rhetoric and
lofty ideals, there hasn’t been suf-
ficient attention addressed to con-
crete. issues,” viii

The political test that lies ahead
for Latin America’s most out-
spoken leftist hinges on whether
he will be able to solve such prob-
lems and deliver on promises to
those who see him as a savior.

In long, fiery speeches, Chavez
talks of the socialist ideals of Karl
Marx, the example set by his
Cuban friend Fidel Castro, and
his own plans for “the first great
revolution of the 21st century.”
The constitutional proposals
rejected by voters would have
created new forms of communal
property as a step in that direc-
tion.

Yet Chavez’s utopian and egal-
itarian words often go far beyond
the changes realized so far.

While the government has cre-
ated free health clinics and uni-
versities, other aspects of society
are business-as-usual.

Consumerism is alive and well,
with the moneyed classes enjoy-
ing new cars, fine Scotch whisky
and private social clubs. Central
Bank statistics show the private
sector accounted for more of the
economy last year — 62.9 per-
cent of gross domestic product —
than when Chavez was elected in
1998, when it stood at 59.3 per-
cent.

Slum dwellers, meanwhile, wait
on long lists for public housing.
And the homeless pick through
trash heaps in spite of state pro-
grams intended to help them.

Still, government statistics
point to progress, including a
decline in the share of households
considered poor from 43 percent
in 1999 to 28 percent today.
Unemployment is down, and
gross domestic product has risen
by 16 percent on a per-capita
basis. Government surveys show
the poorest fifth of Venezuelans
have seen their share of the
national income grow by 8 per-
cent.

The overall economic perfor-
mance is a strong positive for
Chavez — especially the rapid
growth since he regained control
of the oil industry after a 2003
strike by his opponents, said
economist Mark Weisbrot of the
Washington-based Center for
Economic and Policy Research.

“For these reasons, Chavez and
the government’s public approval
is likely to remain high, and the
opposition weak, regardless of
the results of the referendum,”
Weisbrot said.

Others argue the gap between:

rich and poor has narrowed only

modestly, and that voters rejected
Chavez’s proposals in part due to
fears about his plans for a social-
ist economy. ;

Many Venezuelans still don’t
know what Chavez means by
“21st Century socialism” and are
not sold on the concept, said Yoel
Acosta Chirinos, a former Chavez
ally who once helped him lead a
failed 1992 coup.

“This defeat is the beginning
of the end for Chavismo,” Acos-
ta said. “Why? Because it hasn’t
responded to so many expecta-

BAH AM

Teachers & Salaried Workers
Co-operative Credit Union Limited

7 Te non ‘6

tions created by (Chavez’s) polit-
ical project.”

Chavez, a former paratroop
commander, recognizes govern-

‘ment programs are sometimes

inefficient and says much remains
to be done. He urges Venezue-
lans to give him more time and
get involved in building a new
socialist society.For now, many
in Las Cumaraguas are willing to
wait for Chavez to deliver mean-
ingful aid to their desolate home
on the windblown Paraguana
Peninsula.

| AN



i Re ee
Se ee i octal

MONDAY, DECEMBER 31, 2007, PAGE 11



- Leslie Mazoch/AP |

A PICK axe is stuck in a salt bed in Las Cumaraguas salt flats in -
Venezuela’s Falcon state, Wednesday, May 16, 2007. In this dusty
town of potholed roads on the Caribbean coast, people are fascinated
with the revolutionary changes that President Hugo Chavez talks about
constantly on television. But nine years after he was elected, many here
say their lives are virtually the same.

RES TDEN TS (ONCE Vor

_ WYNDHAM NASSAU RESORT"

& CRYSTAL PALACE CASINO



S} sown rin es
oh FN

a deal

ee «

_ My fellow Bahamians and especially
the dedicated Stakeholders of the
Teachers and Salaried Workers Co-
operative Credit Union, | am
pleased to greet you in the midst
of the greatest celebrations of all
times, the birth of The Messiah,
Jesus Christ, who came to bring
life and light to all over two
thousand years ago. Yes, the Word
was made flesh and dwelt among
us. In Him we have the greatest joy,
re sweetest peace and the highest

ope.

This significant event not only made
'' it possible for us today to work co-
operatively in the advancement of
our social and economic agendas,
but also provided us with the
_ avenue for gains that are eternal.
_ Over the past 30 years we have
_ been empowered by the Grace of
_ God, and our collective will to enjoy
a higher quality of life while helping
others to do the same - persons
from all economic and social strata
of society. We will continue to reach
out to the underserved.

In February of this year, we
celebrated our 30th Anniversary

i

and honored the founding Fathers
and eleven of the first active
members. Yes, it has been three
decades since our founding Fathers
drafted the Bye-Laws embracing
the Credit Union’s philosophy of
people helping people to help
themselv@s, which became our
guiding light. The Almighty has been
good to us for which we our
eternally grateful.

As a community-based Credit
Union, we do not only serve
teachers, but we also serve

construction workers, mechanics,

fishermen, self-employed, lawyers,

doctors, nurses and anyone who
earns a salary. Come and join this
vibrant Credit Union! Treat yourself
to a Christmas or New Year present
by joining us.

On behalf of the Board of Directors,
the Supervisory and Education
Committees, our Work-Place
Representatives and our Staff in
New Providence, Grand Bahama
and Abaco, it is a special pleasure
for me to extend best wishes for a
Holy and Blessed Christmas and a
Happy, Healthy and Prosperous
New Year to all of our Members and
Stakeholders throughout all these

Islands and Cays. May the Love of |

Jesus, the purpose of His life and
the gift of salvation touch your
hearts in a special way this
Christmas and may your New Year
be filled with Peace, Joy,
Happiness, Prosperity and Love.

MR DONALD SYMONETTE
Chairman of the Board of
Directors, TSWCCUL


-PAGE 12, MONDAY, DECEMBER 31, 2007 —

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THE TRIBUNE

M ONDAY,

DECEMBER a






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erie Group to take




Wits sountaa n Pabe be h,

Confidence For Life



Bahamas Ferries stake

m@ By NEIL HARTNELL
Tribune Business Editor

lipper Group, the

Nassau-headquar-

tered global ship-

ping firm, is set to
take a minority 28.72 per cent
stake in Bahamas Ferries, The
Tribune can reveal.

The inter-island marine trans-
portation provider confirmed
to this newspaper that Clipper
Group was planning to take the

BISX gets four more
mutual fund listings

By NEIL HARTNELL
Tribune Business Editor

THE Bahamas International
Securities Exchange (BISX)
today finishes 2007 with a flour-
ish through the listing of four
more mutual funds, its chief
executive telling The Tribune
he hoped that exchange control
liberalization would attract
more market players and stim-
ulate the development of extra
wealth-creation products for
Bahamians.

Apart from the Fidelity
Bahamas International Invest-
ment Fund Class N-Series,

~-whose $10million offering-was
recently fully subscribed by
Bahamian institutional and

* Exchange ends
2007 with a bang,
as Fidelity and
CFAL funds list

retail investors, also listed on
BISX from today will be three
funds managed by CFAL (the
former Colina Financial Advi-
sors — the CFAL Global Bond
Fund, the CFAL Global High
Equity Fund, and the CFAL
High Grade Bond Fund.
These listings take the num-
ber of investment funds listed

SEE page 2

Company unveils
asue savings plan

@ By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

A NEWLY-established busi-
ness is making it possible for
Bahamians to receive quick
financial assistance, in addition
to providing a venue for a year-
long savings plan.

E Z Cash Ltd is providing
salary advances for Bahamians
through salary deductions. But
from January, the company is
offering a new service for its

. clients, EZ asue, which will

allow them to save money -

» throughout the year by making
' sustained monthly savings.

Melissa Carey, owner of E Z
Cash Ltd, told Tribune Busi-
ness that the company’s goal
was to fulfill a community need
by providing access to quick
cash for persons who may find

themselves with a financial ,

emergency. Yet the new asue
service will encourage persons
to implement saving as part of
their routine.

Ms Carey, who has a back-
ground in banking and is herself
an accountant, said the compa-
ny, which opened in October,
provides salary advances - based
on salary deductions - as the

SEE page 6

South Ocean moving slowiy J

@ By CARA BRENNEN-
BETHEL ‘
Tribune Business
Reporter

THE $867 million investment
: project to revitalise the South
‘Ocean Golf & Beach Resort
‘project. is moving slowly,
‘according to the Director of
Jnvestments in the Office of the
Prime Minister.

David Davis told Tribune
Business that there was very lit-
tle to report on the develop-
ment planned for the south-
western end of New Provi-
dence, which is being led by
New York-based RHS Ven-
tures, a development company
headed by investor Roger Stein.

'“T couldn’t say what is going
on with the project at this time.

ott

I know that it has been
approved and there is confir-
mation on funding,” Mr Davis
said, when asked of the projec-
t’s progress.

The Tribune.was last told that
RHS Ventures and Mr Stein
were working through the
acquisitions of all the land they
require for the project. There
are four separate landowners
they are dealing with, including
the New Providence Develop-
ment Company and the hotel’s
previous owner, the Canadian
Commercial Workers Industry
Pension Plan (CCWIPP).

The South Ocean develop-
ment set to include a 140-room
five-star and 400-room four-star

SEE page 8

equity stake in the company, a
move that is likely to give
Bahamas Ferries access to
greater capital and financing
power, coupled with maritime
industry expertise and technol-

* Nassau-headquartered global shipping operator set for minority
equity share in inter-island ferry service provider
* Deal awaiting regulatory approval _

ogy. mee * Bahamas Ferries chief warns rising fuel prices, financing and

Responding to The Tribune’s
inquiries, after this newspaper
was tipped-off about the deal,
Bahamas Ferries said in a state-
ment that both it and Clipper
Group were now working to:
obtain final regulatory approval

from the relevant Bahamian
authorities.
Among those regulators like-

maintenance costs are main barriers to owe

ly to be theaived are the Central’
Bank of the Bahamas for
exchange control LapPrONel, and

SEE page 6

‘Sticky situation’ for Bahamas regulator over problem fired

@ By NEIL HARTNELL
Tribune Business Editor

THE Securities Commission is in “a very
sticky situation” in trying to deal with a
multi-million dollar Bahamas-based invest-
ment fund whose prime Canadian broker
has been placed into provisional adminis-
tration by the Quebec regulators. They are
alleging that the investments made through
the fund were “illegal”.

The latest potential investment fund scan-
dal to hit the Bahamas involves the Ivest
Fund Ltd, the chief entity through which
Montreal-based Triglobal Capital Man-
agement funnelled and placed millions of
dollars in retail investor monies.

A provisional administrator for Triglob-
al was appointed on December 20, 2007,
following a request from the Quebec secu-
rities regulator, the Autorite des marches

~ financiers (AMF). *

The AMF said an investigation into
Triglobal had raised concerns that the com-

<

THE DAVIS FAMILY ‘

pany had been ane
ing “illegal invest-
ments in tax havens”
through the
Bahamas-domiciled
Ivest Fund and
Focus Management,
an investment vehi-
cle registered in the
Cayman Islands.

Among the
AMF’s allegations
were that Ivest’s
external auditors
had refused to approve its financial state-
ments, on the grounds that they were
unable to “validate the source” of some
$20 million that the Bahamian investment
fund placed with its Cayman counterpart,
Focus. The AMF petition alleged that this
amounted to some 40 per cent of Ivest’s
assets under management; suggesting that
the fund’s estimated total assets under man-
agement amount to $50 million.

-,

Hillary Deveaux



* eunadian booked Mecuised of
making ‘illegal investments’
in Bahamas-domiciled fund

* Auditors refuse to sign off on

accounts due to issue with 40%
of $50m fund’s assets

* Administrator has resigned,
with Commission looking to —
deal with situation

When contacted by The Tribune about
the situation concerning Ivest and Triglob-
al, Hillary Deveaux, the Securities Com-
mission’s executive director, confirmed that
the Bahamian regulator was aware of the
situation and now working out how to deal
i it.

SEE page 4



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PAGE 2B, MONDAY, DECEMBER 31, 2007

ME Soe A pe
BISX gets four more mutual fund listings

‘FROM page 1

on BISX to 18, and: Keith

Davies, its chief executive, said:

“It’s a heck of a way to end the
ear.”

He told The Tribune that he
hoped the performance — and
experience — of the investment
funds created by Fidelity and
CFAL, exploiting the Central
Bank of the Bahamas’ exchange
control liberalization pro-
gramme, would encourage that
regulator to increase’the US$
allocation made available for
such investment vehiclés;";

Mr Davies said he hoped the

Central Bank would:se@'that
such liberalisation would not

have a damaging effect on the



Bahamas’ foreign exchange
reserves. He added that
exchange control liberalisation
was now working in a tangible
way to both create wealth for
Bahamian investors, through
international investment oppor-
tunities, and stimulate the cap-
ital markets.

“It just goes to show that as
you give opportunities, people
can develop products to fit the
market and regulatory structure
in place,” Mr Davies said. “It’s
given people the chance to be
creative. We have some of the
best people in the market, and

this now is the fruits, of their

creativity. ,
The goal’ is to: mayen the

‘encumbrances on Bahamian
investors to move out of, the

my 5
ae “.
orcs

country smoothly and seam:
lessly, and allow the spread of
wealth to a wider population.”

Describing Fidelity and
CFAL’s mutual funds as “a
good first step” towards achiev-
ing this goal, Mr Davies said all
four listings had been approved
by the Central Bank, Securities
Commission and BISX Listings
Committee.

“The only thing that needs to
happen now is that more inno-
vative products come forward,
and more players come; to the
market to take advantage of the
opportunities,” Mr Davies
added.

“Over the course of the next
year, we will see additional list-

ings on BISX in the mutual

‘funds arena. When we see more

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of these funds listing on the
exchange, more people will take
notice of what we’re doing.”
Mr Davies said he had
focused on getting BISX’s
domestic market, and its ser-
vices, straightened out first. His
strategy of growing in small
steps, rather than in one big
leap, is also starting to bear
fruit, having learnt from the
mistakes of 2000-2002 that
plunged the exchange into crisis,
one that it thankfully survived.
It now seems set to prosper.
By showing that BISX could
provide a “high quality, high
level service” to the domestic
Bahamian market, Mr Davies
said that as a result, “what we
are beginning to see are inter-
national inquiries on how peo-

The American Embassy

ple can become involved with
BISX on a meaningful level”,
This, in turn, was laying the
foundations for future growth.
The Fidelity Bahamas Inter-
national Investment Fund,
administered by Royal Fidelity
Merchant Bank & Trust, pro-
vides investors with principal
protection — ensuring their prin-
cipal will be returned at the end
of the investment period - while
allowing them the ability to

enjoy the upside from an under- .

lying index.

The four indices the fund will
track are the iShares Emerging
Markets Index; the S&P 500;
the Dow Jones STOXX 500
(Europe) and the Nikkei 225
Index (Japan).

Meanwhile, the CFAL Glob-

applications for the following:

Realty Assistant

Serves as
Housing
administering

the
Office
and

senior member
working

managing

THE TRIBUNE

al Equity Fund will invest in a
global portfolio of equity secu-
rities, targeting established com-
panies whose stocks have the
potential to appreciate.

The CFAL Global Bond will
invest in a global portfolio of
investment grade and non-
investment grade fixed-income
securities, while the CFAL High
Grade Bond Fund will invest in
funds that trade — and employ
leveraged carry trades — with
instruments subject to daily val-
uations. These include US
agency mortgages, US trea-
suries and collateralized repur-
chase agreements,

The CFAL High Grade Bond
Fund will be administered by
Bahamas-based Genesis Fund
Services.

is presently considering

of the GSO

interdependently in

the complex

legalities and details of an interagency housing pool
that spans from New Providence to Grand Bahama

This position

is

following qualifications;

open to candidates with the

An Associate Degree in the area of Business
Administration, real estate or a related field.
Two years of experience in real estate
leasing/ contracting, property management
or related field required.
Must have a good working knowledge of
general office procedures, Microsoft Office

~ Suite and data base management.

J

PERSONAL ATTRIBUTES: $

Must have ability to meet deadlines ina .
timely manner and work independently with
minimum supervision

BENEFITS PROVIDED INCLUDE:

The successful candidate will be offered an excellent
compensation package including performance-based
incentives, medical and dental insurance, life insurance,
pension and opportunities for training development.

Applicants must be Bahamian citizens or U.S. citizens
who are eligible for employment under Bahamian laws
and regulations.

Application fori: are available from 8:00a.m. to

5:00p.m. Monday through Friday at the security area
Completed

of the American Embassy, Queen Street.
applications should be returned to the Embassy ad-
dressed to the Human Resources Office no later than

Friday, January 11, 2008.





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Le me
THE TRIBUNE MONDAY, DECEMBER 31, 2007,PAGE3B_—s!









‘Fair value’ defence
to knowing use of

Proceeds of Crime

CFATF report
exposes major flaw
in Bahamian law

@ By NEIL HARTNELL

Tribune Business Editor

A PERSON may escape con-
viction in the Bahamian courts
if they can show they paid a
‘fair valuation’ for money, prop-
erty and other assets they knew
were obtained from criminal
conduct, the Caribbean Finan-
cial Task Force (CFATF) has
warned.

In its assessment of the
Bahamas’ anti-money launder-
ing and anti-terror financing
defences, the CFATF, the
regional affiliate of the Paris-
based Financial Action Task
Force (FATF) that ‘blacklist-
ed’ the Bahamas in 2000, iden-
tified a potential weakness in
section 42 (2) of the Proceeds of
Crime Act.

While the Bahamas’ Direc-
tor of Public Prosecutions
Department had said this sec-
tion’s provisions were only
intended to apply to persons
who did not know or suspect
assets they acquired were
derived from crime, the
CFATF said that because the
Bahamian courts had not been
asked to rule in this area, the
Act had to be given its literal
interpretation and effect.

“The provisions of section 42
(2) of the Proceeds of Crime
Act, prima facie, would seem
to allow a person accused of
acquiring, using or possessing
property, knowing or having
reasonable grounds for sus-
pecting that the property is —
or represents — proceeds of
crime, a defence if he acquired
or used or had possession for
adequate consideration,” the
CFATF said.

As a result, an accused per-
son could escape conviction if
lie ould prove he acquired
criminally- -derived assets for a

fair consideration, something
the CFATF said meant that the
Bahamas was in non-compli-
ance with the Vienna and Paler-
mo anti-crime conventions.

In addition, the CFATF not-
ed that the Bahamas’ listing of
predicate offences also fell short
of the FATF’s listing of such
offences, in areas such as arms
trafficking, insider trading and
market manipulation, smug-
gling, goods counterfeiting and
product piracy.

However, the CFATF said
the Bahamas had enjoyed “rea-
sonable success” in using the
anti-money laundering frame-
work that was enacted by Par-
liament in 2000. This was
despite the Government’s own
admission that there was a
“need for greater resources,
both in terms of manpower
(particularly in the Director of
Public Rrosecution’s office) and
streamlining of the court sys-
tem to move cases speedily
through....... 2

The CFATF said that from
2000 to November 2007, some
17 persons had been charged
with money laundering by the
Tracing & Forfeiture/Money
Laundering Investigations
(TF/MLIS) Section of the Roy-
al Bahamas Police.

Out of this number, some
seven had been convicted by
the courts, while another sev-
en’s case were ongoing. Two
accused who had subsequently

fled the Bahamas had seen their
property confiscated.

The TF/MLIS had forwarded
some 21 suspicious transactions
reports (STRs), out of the total
sent to it, to the police force’s
commercial crime unit (CCU)
for further investigation, most
of these related to alleged fraud
committed abroad.

The TF/MLIS unit received
38 STRs in 2002, 60 in 2003, 54
in 2004, and 61 in 2005. All
STRs were forwarded to it by
the Financial Intelligence Unit
(FIU). Some 91 per cent of all
STRs were filed by Bahamas-
based banking institutions.

When it came to dealing with
terror financing, the CFATF
report warned that problems
existed with the Anti-Terror-
ism Act’s stipulation that an
order to freeze funds or bank
accounts suspected of being
used for terrorism could only
be made by a Bahamian court if
reciprocal arrangements were
in place in the requesting state.

This, the CFATF said, “can
potentially obstruct a critical
request for freezing, depending
on the state of the requesting
country’s laws in this area”. It
urged that this section of the
Act be amended, and also
called on the Bahamas to clari-
fy whether 18 months was “an
absolute outer limit for freez-
ing” fund and bank accounts
suspected of being terror-relat-
ed.

VACANCY FOR THE POSITION OF:

LITTER RTM ETI E TSI



a + eee =

APPLICATION SUPPORT TECHNICIAN

Core Responsibilities:

¢ Provides support and maintenance of core applications and
database infrastructure.
Assists with documentation and maintenance of technical
standards and operations.
Troubleshoots system and application problems, including
issues and servers. .
Reviews and tests technologies for potential purchase by
researching computer industry information.
Interfaces with all staff and IT vendors in carrying out duties.
Performs application installations and configurations,
preventative maintenance and repairs.
Executes, coordinates and assists in the implementation of
new technologies.

Knowledge Skills and Abilities:

Advanced knowledge of Oracle 8 a must (SQL 2003 and
Microsoft Access a plus) to manage and Support Central
Database Systems.
Advanced knowledge of AIX Unix 5.0 and various Windows
operating systems to provide help desk support and to
troubleshoot end-user and back office systems.
Knowledge of networking, especially protocols in use by
company to troubleshoot and rectify the source(s) of network
problems.
Analytical and problem-solving skills to assess issues and
technical information, examine alternatives, and use judgment
to provide reasoned recommendations.

¢ Must be open to new technology and ability to problem solve

in support of the network and central database systems.

¢ Bachelor of Science degree in a computer-related field, industry
standard network certifications required, plus two (2) or more
years of proven network systems experience. Projessiona , Jnsurance

Consultants

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 December 31st,
2007 to:

aa Bay a a Blake Road « P O. Box C
www. picinsure.com ¢ MeO Netty

Ph: (242) 27-2142/3/5 + Fax: (242),

LLL Our ON ee

DA #04445A
c/o The Tribune
P.O. Box N-3207

Nassau, Bahamas


The public is to be advised that Mr. Horace
Faqurhason of Armored Express (Bahamas)
Limited is no longer employed by the compa-
ny and is not authorised to transact any busi-
ness in the name of the company.

All outstanding matters, connected with Mr.
Farquharson and the company, should be re-
ferred to:





PAGE 4B, MONDAY, DECEMBER 31, 2007

NOTICE

PUBLIC NOTICE

RE: MR. HORACE FARQUHARSON

The Chairman
Armoured Express (Bahamas) Limited
P.O. Box 4499

_ Nassau, Bahamas
Tel: 323-4430 or 323-5885



Armoured Express (Bahamas) Limited

VACANCY FOR THE POSITION OF:
NETWORK OPERATIONS TECHNICIAN

Core Responsibilities:

Provides user support for the company’s networked systems, by
investigating and performing resolutions to problems that are
reported.

Performs routine installations, preventative maintenance and
repairs to hardware, operating systems and application
installations.

Troubleshoots system and application problems, including issues
and servers.

Assists with documentation and maintenance of technical
standards and operations.

Assists with the implementation of new technologies and
information systems and the ee and disposal of
old technologies.
Assist with the administration of the company’s networked anti-
virus and data back-up systems by checking that these systems
are current and operate as scheduled.

Knowledge Skills and Abilities:

Advanced knowledge various Windows operating systems to
provide help desk support and to troubleshoot end-user and back
office systems.

Sound knowledge of computer hardware to execute hardware
repairs and upgrades.

Basic knowledge of networking, especially protocols.in use by
the company to troubleshoot and assist in rectifying network
issues.

Analytical and problem-solving skills to assess issues and
technical information, examine alternatives, and use judgment
to provide reasoned recommendations.

Must be open to new technology and ability to problem solve
in support of the network and central database systems.
Associates degree in a computer-related field, industry standard
network certifications required, plus two (2) or more years of
proven technical support and network systems experience.














THE TRIBUNE



‘Sticky situation’ for

Bahamas regulator
over problem fund

FROM page 1

He said: “It’s something
we’re aware of, and are trying
to address in the Commission.

“Hopefully, we will be able
to address this in very short
order. We’re trying to deal with
this in the most prudent way
possible. We are definitely
going to be seeking legal advice
on how we move forward on
this matter.”

According to the AMF peti-
tion, Ivest’s registered address is
the British Colonial Centre of
Commerce, One Bay Street,
Suite 400, PO Box N-3935 in
downtown Nassau. A check of
the Securities Commission’s
website listed Ivest’s last fund
administrator as Genesis Fund
Services.

Inquiries

Inquiries by. The Tribune
revealed that Genesis Fund Ser-
vices has resigned as Ivest’s
administrator. There is nothing
to suggest that Genesis, nor its
officers, directors, shareholders
and employees, have done any-
thing wrong in relation to the
Ivest and Triglobal situation.

However, this is understood
to have left Ivest operating
without a Bahamas-based fund
administrator, meaning that it
is effectively breaching the
Investment Funds Act 2003 and
operating illegally.

This means the Securities
Commission, if it chose to do
so, could automatically appoint
a receiver/liquidator for Ivest
and place the fund into liquida-
tion. However, the regulator is
still weighing up and assessing
its options, with the protection
of investors in Ivest and their
investment paramount.

Yet the Securities Commis-

‘Appreciation
rea

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sion is understood to also not
want to jeopardize the Canadi-
an investigation into Triglobal,
with a request for assistance —
and the production of records
and financial information — hav-
ing already been received from
the Canadian authorities. Pro-
tecting the Bahamas’ jurisdic-
tional reputation is also under-
stood to be a concern.

“It’s a very perplexing situa-
tion. It’s a very sticky situation
for the Commission to be in,”
said one source familiar with
the situation. “But it has an
opportunity to deal with this
fund in a very effective man-
ner.”

The AMF said its investiga-
tion into Triglobal revealed that
between 1997-2007, the compa-
ny solicited Quebec residents
through agents, representatives
and its own officers to invest in
Ivest and Focus.

The principal amount invest-
ed varied from $10,000 to
$350,000, but the AMF alleged
that investors had recently
found it difficult or been unable
to recover their money, that the
investments were “illegal”, and

that Triglobal was not regis-_

tered as a broker/dealer.

In addition, the AMF alleged
that Triglobal and its officers
had attempted to hinder the
investigation, appointing the
provisional administrator on
December 24, 2007, to take con-
trol of the company and pre-
serve its assets.

Meantime

In the meantime, Ivest has
been ordered by the AMF not
to dispose of any assets that it
has in its possession, and also
to cease operations.

The Bahamas has suffered its
share of major investment fund

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scandals in recent years. They
include the $260 million Oracle
Fund, which ultimately led to
Fortis Fund Services (Bahamas)
leaving the jurisdiction; the $448
million Olympus Univest/Mosa-
ic Composite debacle, which led
to Cardinal International’s
winding-up and investors fac-
ing the prospect of recovering
just 6-9 per cent of their princi-
pal investment; the collapsed $1
billion Alto Funds managed by
Dieter Behring, which were
domiciled in the Bahamas; the
$80 million M J Select Global
Fund, which led to the disinte-
gration and downsizing of
Oceanic Bank & Trust; and the
$17 million Ardent Research
fund.

Situation

The Ivest fund situation may
again prompt calls for the
Bahamas to look closely at fur-
ther beefing up the Securities

' Commission’s regulatory and

enforcement powers, and the
sanctions that it can levy, as sug-
gested by last week’s Caribbean
Financial Action Task Force
(CFATF) report.

Yet one source pointed out
that the number of problem
Bahamas-domiciled funds was .
relatively insignificant, given
that more than 700 were based
here, even though they
acknowledged that such situa-
tions could again draw the
unwanted attention of bodies
such as the CFATF’s parent,
the Financial Action Task Force
(FATF).

The source said: “It’s not
much compared to the amount
of funds operating in the juris-
diction, but any time this hap-
pens.it has a tendency to affect :

‘the reputation of the jurisdic- ‘

tion.”

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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 December 31st 2007
PROG vii Seinen atch

DA #04445B
c/o The Tribune
P.O. Box N-3207

Nassau, Bahamas

COLLINS AVE, &
PHONE: ¢


THE TRIBUNE

MONDAY, DECEMBER 31, 2007, PAGE 5B



Mel ho eae er a ae
Bahamas weak on cross-

border cash defences

@ By NEIL HARTNELL
Tribune Business Editor

THE Bahamas needs to

“implement a more rigorous
system of cross-border disclo-
sure and declaration” when it
comes to moving cash and
non-negotiable monetary
instruments out of the coun-
try, an international body
warning that the current sys-
tem “lacks effectiveness”.

The Caribbean Financial
Action Task Force (CFATF),
in its report on the Bahamas’
anti-money laundering and
anti-terror financing defences,
said this nation’s current sys-
tem for monitoring the cross-
border movement of cash and
bearer instruments carried by
people arriving/departing was
not effective because Customs
and Immigration officers gen-
erally did not ask passengers
to disclose the sums they were
carrying.

“The customs forms admin-
istered to passengers do not

make the passenger aware of
the fact they are responsible
for ensuring that there is no
breach of the Exchange Con-
trol Regulations or the Cus-
toms Management Act,” the
CFATF report said, “as there
currently exists for the US Pre-
clearance Act.

:’This has led to difficulties
in prosecuting persons found
in possession of undeclared
amounts of cash, but who have

“not been required to make a

disclosure by the Immigration
or Customs authorities.” This,
the report said, had been
backed by Bahamian court rul-
ings.

Adding that the legal frame-
work requiring declarations on
the cross-border transporta-
tion of cash or bearer instru-
ments was not in place in the
Bahamas, the CFATF said that
while Bahamas Customs told it
that it had submitted suspicious
transactions reports (STRs) to
the Financial Intelligence Unit
(FIU), the FIU’s own data

ECS A 2
BUS rare 7a

Legal Notice

NOTICE

WEATHERFORD LIMITED

NOTICE IS HEREBY GIVEN as follows:

(a) WEATHERFORD LIMITED is in voluntary

showed that no such reports
had ever been made by the
Department.

With the Government
unable to provide definitive
statistics on the movement of
cash in and out of the
Bahamas, the CFATF recom-
mended that this nation
“implement a more rigorous
system of cross-border disclo-
sure and declaration” to meet
the Financial Action Task
Force’s (FATF) anti-terror
financing requirements.

Under the US Preclearance
Act, passengers leaving the
Bahamas for the US are
required to disclose whether
they are carrying sums of mon-
ey equal in value to $10,000 or
more. Yet for passengers com-
ing into the Bahamas, “there is
no obligation to provide a writ-
ten declaration for sums being
brought into the country”, the
only defence being whether an
immigration officer feels like
asking the question.

The CFATF report said:
“The examiners were not
shown any evidence that trav-
ellers into the Bahamas or out-
going passengers to countries
other than the United States
were made aware of their
obligations not to breach the

Customs Management Act or
the Exchange Control Regu-
lations.”

This, the report added,
would cause the Bahamas
problems when it came to
prosecuting anyone taking
large amounts of cash, which
was suspected to be the pro-
ceeds of crime, out of the coun-
try. “The examiners take the
view that the authorities would
be constrained in seeking to
use the Proceeds of Crime Act
to forfeit cash seized on the
basis of a failure to disclose or
declare pursuant to either the
Exchange Control Regulations
as applied by the Customs
Management Act section 114,”
the report said.

MLL:

GRY

Excellent business
opportunity, Bay Street,
2 minutes distance from



cruise ship terminal.
or: Te
359-3728

Ministry of Finance







dissolution under the provisions of Section 137(4)
of the International Business Companies Act 2000.

(b) The dissolution of the said company commenced on
the 28th December, 2007 when the Articles of
Dissolution were submitted to and registered by the
Registrar General.

(c) The Liquidator of the said company is Mr. Paul Evans

of Helvetia Court, South Esplanade, GY1 4EE, St.
Peter Port, Guernsey

Dated this 28th day of December, A.D. 2007

Mr. Paul Evans
Liquidator



Legal Notice

NOTICE

SEMPLE LIMITED

NOTICE IS HEREBY GIVEN as follows:

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

(b) The dissolution of the said company commenced on
the 28th December, 2007 when the Articles of
Dissolution were submitted to and registered by the
Registrar General.

(c) Thé Liquidator of the said company is Verduro
Associated Ltd. of Pasea Estate, Road Town,
Tortola, British, Virgin Islands

Dated this 28th day of December, A.D. 2007

Verduro Associated Ltd.
Liquidator

Legal Notice

NOTICE

DORANA ROT LIMITED

NOTICE IS HEREBY GIVEN as follows:

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

(b) The dissolution of the said company commenced on
the 28th December, 2007 when the Articles of
Dissolution were submitted to and registered by the
Registrar General.

(c) The Liquidator of the said company is Verduro

Associated Ltd. of Pasea Estate, Road Town,
Tortola, British, Virgin Islands

Dated this 28th day of December, A.D. 2007

Verduro Associated Ltd.
Liquidator

THE BANKS. AND TRUST COMPANIES REGULATION ACT, 2000
x 4

Notice is hereby given that the Governor, pursuant to Section 18(1})(a)(iii) of the Banks

and Trust Companies Regulation Act, 2000, has revoked by Order dated the 14"

December, 2007, the banking licence granted to Bank Fir Handel Und Effekten

(Overseas) Limited (now called “Clariden Leu (Overseas) Limited”) on 19" May, 1971 on

the grounds that the company has been voluntarily liquidated.

Signed: Wendy Craigg
Govemor
The Central Bank of The Bahamas

Legal Notice

NOTICE
CRYSTALLITE SEAS INC.

(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on the
12th day of December 2007. The Liquidator is Argosa
Corp. Inc., PR.O.Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE
CICLAMINO LIMITED

(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on the
24th day of December 2007. The Liquidator is Argosa
Corp. Inc., P.O.Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)



To All My
Valued Clients



TAm No Longer Employed
With Lampkin & Company

Cindy John

Real Estate |

ed

TMU PRnRReNriretOn Tiny (nina ea To COTE rena

| Everywhere The Pe Te



Legal Notice
NOTICE
RUNNING RIVER INC.
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on the
28th day of December 2007. The Liquidator is Argosa
Corp. Inc., P.O.Box N-7757 Nassau, Bahamas.

ED

ARGOSA CORP. INC.
(Liquidator)






COMMONWEALTH OF THE BAHAMAS 2007/CLE/ gen/00096
IN THE SUPREME COURT
Common Law and Equity Division

BETWEEN

COMMONWEALTH BANK LIMITED
Plaintiff
























AND
WILFRED A. TINKER
. Defendant

TO: WILFRED A. TINKER
TAKE NOTICE that:



1. A Sunimons and Supporting Affidavit both filed on
the 14th of June 2007 have been issued-against you in
the Supreme Court of The Bahamas being Action No.
2007/CLE/gen/00096 by Commonwealth Bank Limited,
the Plaintiff herein. The Hearing date of the Summons
has been adjourned and is now set to be heard on the
8th day of February A.D., 2008 at 12 noon before the
Registrar, Mrs Donna Newton whose chambers is
located on the 3rd Floor Ansbacher House, East Street
North, Nassau, Bahamas. Details of the claim are set
out in the Affidavit of Lernix Williams filed on the
14th of June 2007.

2. On the 30th day of November A.D., 2007 the Court ,
ordered that the Summons and Affidavit are deemed
to be served on you by this advertisement.











Otherwise Judgment will be entered against you
pursuant to Order 73 rule 3 of the Rules of the Supreme
Court 1978. :



Date the 27th day of December A.D., 2007

GRAHAM, THOMPSON & CO.
Chambers,
Sassoon House,
Shirley Street & Victoria Avenue,
Nassau, Bahamas.
Attomeys for the Plaintiff
PAGE 6B, MONDAY, DECEMBER 31, 2007

THE TRIBUNE

Ma Ss a. Ve
Clipper Group to take Bahamas Ferries stake

FROM page 1

the National Economic Council
(NEC), which is really the Cab-
inet. Such approvals are neces-

sary because the Clipper Group

isa is a foreign-owned entity.

In its statement, Bahamas |

Ferries said Clipper Group’s

purchase of an equity stake in .
the company would enable it to,
further expand its fleet, and .

enable its maintenance and
infrastructure to keep pace with

customer demand.

‘Craig Symonette, Bahamas

_ Ferries’ chairman, said: “The

challenge we have in this busi-

|ess.is the rising cost of fuel and

the high cost of maintenance
and financing, which will con-
tinue to hamper our growth.”

- Given its reliance on ferries

, and, other maritime transport

vessels, Bahamas Ferries’ busi-

The American. ‘Embiey., is presenily considering
applications for the following:

Senior Management Assistant

Serves as the Senior Assistant to the Management

Officer; ICASS
Technologies

Services/Support.

‘Coordinator; | Management
Coordinator and Administrative ©

This position is open: to ‘candidates with the

following qualifications;

A University degree i in administration,
finance businéss administration or.

communication. :

Five years‘of experience in eee

administrative work. -

ness is heavily capital intensive,
and also dependent on mainte-
nance to keep its ocean-going
fleet in service to meet customer
needs,

The company has already
invested heavily, the sum
involved believed to be about
$4-$5 million, in contracting for
a new vessel to replace the Bo
Hengy, which serves the route
from Nassau to Spanish Wells,
Harbour Island and Governor’s
Harbour. The new boat will be
double the Bo Hengy’s passen-
ger capacity.

Meanwhile, the surge in glob-
al oil prices had forced
Bahamas Ferries to impose a
fuel surcharge on passenger
tickets from. November 26,
2007. The surcharges were $5
per passenger and $15 per vehi-
cle, oil prices having risen from
$26 per barrel when the com-
pany first started in 1999 to
around $90 now.

Referring to the arrangement

ASUE, from 1

primary source of repayment.

“We have a number of com-
panies where we work with the
human resources person, and
they will assist us and the
employee with the repayment,”
she said.

Ms Carey added that the sys-

. tem works well for persons who

may prefer not to use a tradi-
tional lending institution.
“There are other companies
out there who provide lending
services, but what makes us dif-
ferent is they will ask for col-

__ lateral, whereas we only require

with Clipper isin: Mr Symon-
ette said: “Clipper’s interest in
the Bahamas extends far
beyond their decision to make
the Bahamas their home. The
group would like to participate
in a more meaningful way by
providing local maritime busi-
nesses with access to their glob-
al network, which will strength-
en our competitiveness and
assist in the long-term viability
of the sector to the benefit of all
local participants.”

Therefore, having Clipper
Group as an equity and strate-
gic partner holds out the
promise of Bahamas Ferries
being able to access additional
capital and financing to support
its business growth, as well as
Clipper’s expertise in all aspects
of the maritime industry.

Clipper Group, whose origins
can be traced back to 1972,
operates around 250 vessels
globally, owning some 100 of
those itself.

salary deductions,” she
explained.

Once the client is given the
salary advance, they have a
month to repay the funds.

Working with the human
resources person at the employ-
er reduces EZ Cash’s risk, Ms
Carey explained.

The company’s newest prod-
uct offering is the EZ Asue,
which comes on stream at the
beginning of the New Year. It
will provide Bahamians with a
chance to save towards Christ-
mas.

“Persons will decide on how

The company moved its cor-
porate head office‘to Nassau in
1997, about a decade ago, its
website describing Clipper
Group as having established
“strong and close links to the
Bahamian authorities”. The vast
majority of Clipper’s vessels fly
the Bahamian flag, and are reg-
istered on the Bahamas Ship
Registry.

Clipper Group is headed by
its chairman and chief execu-
tive, Torben Jensen, who is also
a permanent resident of the
Bahamas. Fleet operations are
managed from Denmark, and
the company has expanded
rapidly in recent years, embark-
ing on an extensive vessel. new-
building programme as it shift-
ed from being a ship operator to
a ship owner.

The Bahamas Ferries’ equi-
ty stake is likely to fit well with
another aspect of its strategy,
which has seen Clipper Group
move into the global ferry busi-

much money they want to put in
each month, and then the mon-
ey will be available to them on
December 1, 2008. The only
thing is that once they decide
on the amount of money that
they want, they will have to
make that payment consistent-
ly,” Ms Carey said.

The company’s fees for the

ness.

services the Irish sea market,
and in the New Year is set to
take control of two Danish com-
panies: involved in that coun-
try’s inter-island ferry trans-
portation business.

In-that. latter deal, Clipper
Group said it was planning to
create'a “large Danish domestic
ferry shipping company”. The
potential, synergies . with
Bahamas Ferries and the equity
stake taken there are obvious.

Bahamas Ferries was itself
formed from the merger of
Bahamas Fast Ferries and

Bahamas Searoad, the latter |

being the entity that operated
the M/V Sealink and M/V Sea-
wind. Apart from Harbour
Island and Eleuthera, the com-

pany's vessels also serve Fresh -

Creek and Morgan's Bluff in
Andros, Sandypoint in Abaco,
The Current, and Exuma.



service will be deducted from
the total amount of funds in
December, before the money is
returned to the client, Ms Carey
added.

It owns Seatruck Ferries, a>-
roll-on/roll-off ferry service that }

Persons interested would —

need to provide a job letter,
national insurance, passport,

two pay slips and pay role .

deduction verification, she said. ~

PERSONAL ATTRIBUTES:

Must demonstrate. strong computer skills,
including facility. with Microsoft office Suite,
data based ns.and population of web
‘pages, and familiarity with other electronic
tools. +

Must have experience ‘with budgeting and
event planning

Must be able to work independently, display
good people skills and have strong tact and
diplomacy skills.

Must be fluent in English, both spoken

and written, and be able to prepare clear and
concise briefing paper letters, etc.

BENEFITS: ‘PROV D INCLUDE:
Tiie successful.. candidate will an.excellent...J...
compensation package including performance-based
incentives, medical: and dental insurance, lifé,inStrance; :.
pension and Opportunities for. training development.

Do you have to spend more than just a few days in
Nassau or Freeport and neéd somewhere to live? Do
you want to save money and not pay ‘tourist
charges for a small cramped up hotel room?

NOTICE

This is to inform the general public that the private
roadways and parking areas situate in the
Harbour Bay Shopping Centre between
East Bay Street and Shirley Street will be closed
on Tuesday the Ist of January, 2008 in order to

_ preserve the right of ownership therefore.

“The Owners:

Then check out Stop-n-shop home away fram home program.
Rent a tastefully furnished apartment in a nice residential area for
a week or more at a fraction of what it would en for a hotel
room of a similar standard.

Contact the shopkeeper at
Shopkeeper@stopnshopbahamas.com or call the
stop-n-shop at 1-242-394-4949 or visit our offices on East Bay
Street located 300 yards east of Mackey Street and the Old
Paradise Island Bridge. is

2am era 2h PL





Applicants must be Bahamian citizens or U.S. citizens
_ who are eligible for Seetorpent under Bahamian laws
and regulations.

Application forms are available. from 8:00a.m. to
5:00p.m. Monday through Friday at the security area
of the American Embassy, Queen Street. Completed
applications should be returned to the Embassy
addressed to the Human Resources Office no later than

Friday, January ts aes.

HOLIDAY SEASON
HOURS OF OPERATION

BAY ST REESE

NOTICE TO THE PUBLIC



+ eee
W2-2E/0e
papea is
oes} We
122405

2S we

TAM ORAT
Re at @ 1d Pas
24 HOURS
ie aS sy |

AMD OPAT
Gara pa
CEOSEXG
SWE SHAG
Re eke lil can
24 HOURS

LAP OP AT

H TEA BRIE se

CEOSIXG 6PM
REGULAR HOURS

| THURSDAY
orate
SAPURDAY

| SUNDAY
MONDAY
CHRISTMAS DAY

; BONING DAY
THURSDAY
atte

aU Aelic tas
SUNDAY ASS
MONDAY L2Sb 9
TURSDAY A
WEDNESDAY cE es)

MARA WH ON BAER

The private road of St. Augustine’s College and
COMMONWEALTH OF THE BAHAMAS AS 2O0TICL Bip 97

IN THE SUPREME COURT —
_ Common Law and Equity Division

BETWEEN

COMMONWEALTH B BANK LIMITED
Plaintiff

Monastery from St. Augustine’s Cemetery Road to

Prince Charles Drive and all other premises (grounds)

UAL e
ie 7
aes

TOPOL NE

belonging to the school and monastery will be closed

to the public from Sunday, December 30th, 2007

AND’
PHENICE P MORLEY at 12:00 a.m. until Monday, December 31st, 2007

: . Defendant
TO: . PHENICE P. Pp MORLEY
TAKE NOTICE that:

at 12:00 a.m.

Pawo
VOD
UEP ae
eee ey
ee Ras

Pane

POAAT Ta3aPpM
Pe\A Tes sapeny
PQA 11:30PM
1 0 fee) Ban |
TaD AU IRE) aA
eGR

id Oa
TAN 8:30PM
TEAM 10:30PM
PE ANT 10:30PM
LEA 10:30PM
TEANE 8:30PM
CEhOSED
REGE LAR HOURS

AMAMAS

PHURSDAY
FRIDAY

SW a Gla Re
SUNDAY
MONDAY
CHRISTATAS DAY
BONING DAY a
THURSDAY aren
FRIDAY
NW lta he
SUNDAY
MONDAY
TUESDAY
WEDNESDAY

COLLEGE OF THE B



1. A Summons and § ing Affidavit both filed on
the 14th of June 2007 have been issued against you in
the Supreme Court of The Bahamas being Action No.
2007/CLE/gen/000197 by Commonwealth Bank
Limited, the Plaintiff ‘herein. The Hearing date of the
Summons has been’ adjourned and i is now set to be
heard on the:8th'day of Rebriiary,A.D., 2008 at 11:00
before the Registrar, Mrs Donna Newton whose

' chambers is located on the 3rd Floor Ansbacher House,
East Street North, Nassau, Bahamas. Details of the
claim are set out in the Affidavit of Lernix Williams
filed on the 21st of June 2007.






————————————————SSS—_——T
BDanelmealias








RANG
1 PY Nes
a
| ee)
OL OE as
[ep dea

Three(3) fully equipped operatories
located in large multispecialty
ambulatory clinic in

2. On the 30th day of November A.D., 2007 the Court Freeport, Grand Bahama.

ordered that the Summons and Affidavit are deemed
to be served on you by this advertisement.

ee T ANY
PEQTLNG “ANT SPM
“ANT. 8:20PM
CELOSER
neh O0 MULL AY |
CLOSED
1 Re CEOSED
P2707 “AN S:00PAMT
| ae Ue TANT Soap
SATU ny Lae | AL “AM SotQhM
SUNDAY eae CLOSED
MONDAY a) “AVE 6:00PM
TUESDAY CO CD CLOSED
WEDNESDAY TD DY REGULAR HOURS

S.0PAM

ATURDAY
SUNDAY Nea es
MONDAY T2207
SO Boeaas AAT

UesreRy As
Available for immediate occupancy for
full-time or sessional dental practice.

Otherwise Judgment will be entered against you
pursuant to Order 73 rule 3 of the Rules of the Supreme
Court 1978.




Contact:
Ms. Kaijanna Lockhart
Phone: 242-373-7400

Date the 27th day of December A.D., 2007

GRAHAM, THOMPSON & CO.
. Chambers,
‘ Sassoon House,
Shirley Street & Victoria Avenue,
Nassau, Bahamas.

is ho e Ce. WS Pe Sa Dr, tae |
Attomeys for the Plaintiff

REMAINS AP REGULAR HOURS




THE TRIBUNE




@ By Royal Fidelity Capital
Markets

IT was a quiet week in the
Bahamian stock market with
31,755 shares changing hands.
Ten out of the 19 listed stocks

traded, of which four advanced, BISX CLOSING:: CHANGE ‘VOLUME, YTD PRICE .
two declined and four remained SYMBOL PRICE”... % ni CHANGE
unchanged. Oe ERR “Sect pete
Abaco Markets (AML) led | AML $1.64 © $0.09 11,050 168.85%
by volume with 11,050 shares BAB $2.65 $- 0. - 112,00%
trading, rising by $0.09 to end | BBL $0.85)° sh $s eee O TEBE
the week at $1.64. BOB $9.61 $0.01 5,160 19.68%
The week's big advancer was . | BPF $11.80... $0.15... 1,000 4.42%
the Bahamas Property Fund BSL $14.60. $-. “0 0:00% :
(BPF) with 1,000 shares trad- BWL $3.66 is. 0 109.14%
ing, advancing by $0.15 or 1.29 | CAB $12.05- fe 0 20.50%
per cent to close at a new 52- | CBL $8.37 vo0s $0.03" - 5,123 100.72%
week high of $11.80. CHL $3.15 5 SRE he 8 65.79%
FAMGUARD Corporation CIB $14.60 © $-_ 0 3.18%
(FAM) led the market with CWCB $4.95 $-1.52 0 -5,53%
2,000 shares trading, climbing | DHS $2.35 ax oS 700 +6.00%
by $0.10 to also endi the week at | FAM $7.20 $0.40 2,000 24.35%
a new 52-week high of $7.20. FCC $0.77 ~$0.03 3,500 40:00%
Decliners were FOCOL FCL $5.18 $-0.41 1,800 65.10%
Holdings (FCL) and Common-__| FIN $12.95 | $- 1,340 7.74%
wealth Bank (CBL), which fell ICD $7.25 $-. 0 1.40% .
by $0.41 and $0.03 respectively. ° | JSJ $11.00 $- 0 27.91%
PRE $10.00 ». §- 0 0.00%
COMPANY NEWS ,
Cable Bahamas (CAB) - For wa
the 2007 third quarter, CAB.’ _| DIVIDEND/AGM NOTES: ..

posted a net profit of $5.3 mil-
lion ($0.27 per share) compared
to a profit of $4.6 million ($0.23
per share) for the same period
last year. Total revenues were
$19.2 million for the quarter,
compared to $16.6 million for
the 2006 third quarter, an
increase of $2.5 million.

Alternatively, total operating
expenses of $9.7 million (before
amortisation and interest
expenses of $2.9 million and
$700,000 respectively) increased
by $1.3 million over the same
period.

Year-to-date, CAB reported
net income of $12 million (after
ordinary dividends of $3.6 mil-
lion) compared to $9.8 million
for the same period in 2006, an
increase of $2.3 million or 23

MONDAY, DECEMBER 31, 2007, PAGE 7B

BUSINESS

yam aml dl

The Bahamian Stock Market



payable on March 31, 2007, to
December 21, 2007.




‘December 14, 2007.




28, 2007. hat

December 14, 2007.

period.
Total liabilities remained
pretty consistent with the 2006



FINDEX 938.26 YTD 26.43%

¢ BBL has declared a special dividend of $0.02 per share,
with $0.01 payable on December 31, 2007, and fo
all shareholders of record date

¢ CAB has declared dividends of $0.06 per share, payable on
December 31, 2007, té-all shateholders of record date

CIB has declared dividends of $0.25 per share, payable on
January 7, 2008; to all shareholders of record date December

° CBL has declared dividends of $0.04 per share, payable on
December 31, 2007, ta.all shareholders of record date











.01 being












to $24.77 on Friday, a drop of
$2.79. on the day, which fepre-
sents a 10.12 per cent decrease.

per cent. year-end balance of $94 million, This followed a Barron's arti-

The year-to-date increase in being $93m at the end of the cle that was published on
net income is primarily driven quarter. December 24, 2007, which out-
by the growth in operating rev- The cash position of the com- lined the company's dispute

enues (up $7.8 million) outpac-
ing the increase in operating
expenses (up $4.3 million).
CAB’s total assets as at Sep-
tember 30, 2007, were $173.6
million, an increase of $7.5 mil-
lion when compared to year-
end 2006, due to additional cap-
ital expenditures during the

pany remained positive at the
quarter end, despite investing
and financing outflows in the
quarter, with net cash flows of
$691,000.

Consolidated Water Compa-
ny (CWCO) - Shares in Con-..
solidated Water Company fell .

with the government of the
British Virgin Islands (BVI)
over ownership of a water
desalination plant. This fall in
price will impact the underlining
Consolidated Water Bahamian
Depository Receipts (CWCB}
that trade on BISX. They closed
at $4.95. rus

Credit Suisse, Nassau Branch, ©
Private Banking

is presently considering applications for a

TREASURY ADMINISTRATOR

. The position is open-to candidates with the following minimum requirements:

Minimum qualifications:

Three — Five years International Banking exper

Forex an riti

or Asset Management Company.
PC Literacy (MS Word, Access, Excel).
General banking knowledge and keen knowledge of (trading and settling)

ienice in the Money Market/

it of an offshore bank

capital market instruments.
A Bachelor’s or Associates degree with concentration in Finance/Economics. _
Series 7 Certification or Canadian Securities Course qualification would be an
asset.

Personal Qualities:

Excellent organizational and communication skills.
A commitment to service excellence.

Ability to work with minimum supervision.

Goal oriented.

Benefits provided include:

Competitive salary and performance bonus
Pension Plan
Health and Life Insurance

APPLICATIONS MUST BE IN WRITING. Persons not meeting

the minimum requirements need not apply. lee

Applications should be submitted to:
Human Resources Department
P.O. Box Ne4928. 3.0% ou’.
Nassau, Bahamas:
or via fax 356-8148

DEADLINE FOR RECEIPT OF.
JANUARY 1174, ;

~

CREDIT SUISSE |.





ipa & we
we we

Dear Shareholders,

We present our audited Balance Sheet and Income Statement for the yeat ended August 31, 2007.
For a full set of our audited financial statements please go onto our website:
www.fccbahamas.com and click on “Investor Relations” and then “Financial Reports . You can

also request a copy by emailing me at pimpson@fcchehamas.com,

We are delighted to report a profit of $ 78k for the 12 months. Although the profit may be small,
it is a significant tumaround from the $1.9 million loss we reported for the same period last year.

Da imilar to the year but you will uote that our gross profit increased
Sales révenues were simi ae ae decreasing from $ 5.1 million to $

from $ 3.1 million to $ 5.0 million with

4.9 million.

The improvement in the company’s financial performance has been accomplished despite any
edditional financing being received from our bankers or from any other source. However the
Home Centre is still being challenged with the need for additional working capital in order to

purchase more inventory so that we can increase our sales revenues event more.

Aloo what needs to be realized is thet the general economy in Grand Behama has been stagnant
ever the past couple of years, especially in the last 12 months, and yet despite this we have

compared to a net loss last year of $1.9 million.

"We believe the various pending developments in
year will result in more jobs and transiete isto more

maintained our sales revenues and managed to produce & net profit of $78k for the year,

local building of both homes and commercial

projects. All of this will help in improving revenue prospects for our Company. as

Increasing inventory levels and driving additional revenue is critical to the success of the business
at the Home Centre and this will be our primary focus this year.

The relocation of the Concrete Plant into eur new facitity inside the Bahama Rock site has been
ghallenging but it is well underway and should be completed by January 31, 2008. Operating
from this new location will save the Company $ 80k per annum in lease costs and there will be
further savings in trucking costs as all of the material we need to ake our concrete will be on

site. This, coupled with the various new developments snd our Company
conorete business for these projects, will translate into more profit being made in the Concrete

division.

securittg some of the

We must still continue to work herd and maintain the same focus this year as we did last year.

Once we do this, and the economy of Grand Bahama really does get better and better, then the
future of Freeport Concrete Company Ltd looks very good. ,

Thank you.

Ray Simpson

President and Chief Executive Officer

December 17, 2007

Freeport Concrete Company Limited

August 31, 2007, with corresponding figures for 2006
in Bahamian dollars



oo 2007 2008
Assets |
Current assets:
Cash on hand and at bank on demand 3 230,728 198,471
Time deposits $7,837
Accounts receivable, net 912,726 . 1,323,717
Due from former subsidiary - a wh?
Inventories 2,022,607 2,488,843

ee oe |



#i¢)-OOR8 0K

‘ott garkbarlone



Sales, net of discounts

a3} pee Bk ORC ens
Liabilities and Shareholders’ Equity = isan 8
Current liabilities: ;
Bank overdraft 88 1,648,086 1,491,016
Accounts peyable, deposits
: and accrued expenses are ato a tos
Warranty provision :
Duirefi portion of tong-term debt 488,867 183,710
4,046,264 $,495,253
Long-term debt 256,653 440,453
Shareholders’ equity:
Share capital ce: - G7,083 47,083
Contributed surplus §,774,968 8,774,068
Revaluation surplus 1,483,067 1,433,667
Accumulated deficit {S,300, 121) (5,376,908)
1,966,607 4,576,910
Commitments and contingencies . oe ia a
614 7,782,616
- Freeport Concrete Company Limited
“Statement of Operations '
Year ended August 31, 2007, with cortesponding figures for 2008
2007 2006
BS 16,223,560 16,061,732

"Goat of sales tah 41,207,985 42,984,405
| 3,077,327

Gross profit 6,016,184
Other income:
Other income 19,320 40,950
Gain on disposal of property,
plant and equipment 8,971 686
SSS ee ae

5,044,476 3,118,943
Selling, general and administration expenees:
Payroll related costs, including employee

,

2,900,024

benefits and commissions 2,000,021
Rent 640,317 634,762
Utilities, postage and delivery 416,237 279,006
Depreciation and amortization 296,860 $29,011
Vehicle, maintenance and repelrs 216,863 228,706
Other operating costs. 101,562 202,878
’ Legal and professional 142,229 $23,712
Bad debt expense 123,703 336,544
Computer and office supplies 491,216 138,831
Advertising 108,843 66,942
Bank charges and exchange 105,673 116,823
Business insurance . 73,678 73,238
Travel, trade shows and entertainment 38,202 33,349
. Licence fees and pennits - 33,810 64,842
- Donations 13,473 18,711
Security 12,576 34,490
4,772,835 4,950,765
"Net income/(loss) from operations 271,640 (1,840,622)
Finance income and expenses:
Interest on long-tenn debt, due

to shareholder and finance charges © |
Interest expense on bank overdratt

Interest income on time

Net income/(loss’

| Baste eamings/(loss) per share

Diluted earning/(loss) per share
PAGE 8B, MONDAY, DECEMBER 31, 2007

THE TRIBUNE



COMMONWEALTH OF THE BAHAMAS 2007/CLE/gen/00307
IN THE SUPREME COURT
Common Law and Equity Division

BETWEEN

COMMONWEALTH BANK LIMITED
Plaintiff
AND
JACKSON M. GIBSON
Defendant

TO: JACKSON M. GIBSON
TAKE NOTICE that: ©

1. ASummons and Supporting Affidavit both filed on
the 14th of June 2007 have been issued against you in
the Supreme Court of The Bahamas being Action No.
2007/CLE/gen/00307 by Commonwealth Bank Limited,
the Plaintiff herein. The Hearing date of the Summons
has been adjourned and is now set to be heard on the
8th day of February A.D., 2008 at 11:30am before the
Registrar, Mrs Donna Newton whose chambers is
located on the 3rd Floor Ansbacher House, East Street
North, Nassau, Bahamas. Details of the claim are set
out in the Affidavit of Lernix Williams filed on the
14th of June 2007.

2. On the 30th day of November A.D., 2007 the Court
ordered that the Summons and Affidavit are deemed
to be served on you by this advertisement.

Otherwise Judgment will be entered against you
pursuant to Order 73 rule 3 of the Rules of the Supreme
Court 1978.

Date the 27th day of December A.D., 2007

GRAHAM, THOMPSON & CQ.
Chambers,
Sassoon House,
Shirley Street & Victoria Avenue,
Nassau, Bahamas.
Attorneys for the Plaintiff

Legal Notice
NOTICE

HEALING STREAMS INC.
(In Voluntary Liquidation)

zi ‘ }
- a
pall
4 ad

tite’ is ‘hereby ‘given that the above-named: Company
is in dissolution, which commenced on the 28th day of
December 2007. The Liquidator is Argosa Corp. Inc.,

P. O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator) .



Legal Notice



NOTICE

FVG Investment Ltd.
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 28th day of
December 2007. The Liquidator is Argosa Corp. Inc., P.. O.

Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

KUKUNEST LIMITED
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 28th day of

December 2007. The Liquidator is Argosa Corp. Inc.,
P. O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)



South Ocean
moving slowly

FROM page 1

resorts. Apart from the two
resorts and 40,000 square foot
casino, the redevelopment of
South Ocean, which has been
closed since 2004, will feature
fractional villas, 180 timeshare
units, second homes, conven-

tion centre, marina, tennis facil-
ities, and spa all set to cost
around $500 million. The first
phase, involving the installation
of utilities and infrastructure, is
set to cost “a little over $200
million”.

The draft economic impact
study, performed for South
Ocean, completed by Oxford
Economics, projected that the

Legal Notice

NOTICE

GOLD-MINE DEVELOPMENT

GROUP LTD.
(In Voluntary Liquidation)

| Notice is hereby given that the above-named Compan
is in dissolution, which commenced on the 28th day of
December 2007. The Liquidator is Argosa Corp. Inc., P.
O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

VENICE GULF RIVER CORP.
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 28th day of

December 2007.The Liquidator is Argosa Corp. Inc., P.
Box N-7757 Nassau, Bahamas. .

ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE

MANKATO CORP.
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 28th day of December 2007. The Liquidator
is Argosa Corp. Inc., P. O. Box N-7757 Nassau,

Bahamas.

ARGOSA CORP. INC.
(Liquidator

Legal Notice

NOTICE

APPLEBEE VILLAGE CORP.
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 28th day of
December 2007. The Liquidator is Argosa Corp. Inc., P.
O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)

resort would create 1,358 full-
time jobs when fully open, plus
1200 direct construction jobs
during peak build out.

During its first full year in
operation, Mr Stein’s project is
projected to inject $172 million
in extra visitor spending into
the Bahamian economy. Hard
construction spending, involv-
ing the building of new build-
ings and renovations to others,
will total $541 million by 2015,
with the total investment by Mr
Stein, RHS and his partners in
the new South Ocean Develop-
ment Company reaching $867
million by that year. The $541
million construction spending
has been forecast to inject $217
million into the Bahamas’ GDP
over nine years, and generate
$105 million in wages, with con-
struction employment averag-
ing 877 persons between 2007-
2010, peaking in 2009.

On the operational side,
South Ocean was forecast to
produce a $3.7 billion GDP
impact over its first 20 years,
generating $1.5 billion in direct
wages and salaries for employ-
ees.

The project will also gener-
ate $1.8 billion in revenues for
the Government in the 23 years
to 2030.

Meanwhile, Mr Davis added
that the island’s other major
development projects, the $2.4
billion Baha Mar and $1.3 bil-

lion Albany projects, were mov-
ing, and he would be able to
report more on them in later
weeks.

Mr Davis said that if there
were meetings between the
Government and Baha Mar
executives recently he has not
been privy to them. He said that
as far as the project was con-
cerned, both sides remained
very close to “crossing the t’s
and dotting the i’s of the pro-
ject”.

As far as Albany was con-
cerned, Mr Davis said the main
area of focus continued to be
the controversial land acquisi-
tion process to accommodate
the planned road re-routing of
southwest Bay Street. Mr Davis
said the Government and the
developers were still working
out the details.

The South Ocean and Albany
projects were approved by the
former PLP government with
the intention of revitalising the
southern end of the island. For-
mer Prime Minister Perry
Christie had justified the con-
cessions his administration gave
Albany by indicating the
tremendous social benefits he
felt his government got the
developers to agree to - such as
beach re-nourishment and the
creation of an-environmental
park, as well as

the overall anticipated eco-
nomic impact.

Legal Notice

NOTICE

SURRI GROUP LIMITED
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 28th day of
December 2007. The Liquidator is Argosa Corp. Inc.,

P. O. Box N-7757 Nassau,

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

WINEDGE SUCCESS LTD.
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 27th day of
December 2007. The Liquidator is Argosa Corp. Inc.,
P. O. Box N-7757 Nassau, Bahamas.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

KURGAN VENTURES LIMITED
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 27th day of December 2007. The Liquidator
is Argosa Corp. Inc., P. O. Box N-7757 Nassau,

Bahamas.

ARGOSA CORP. INC.
(Liquidator)


THE TRIBUNE MONDAY, DECEMBER 31, 2007, PAGE 9B --..
COMICS PAGE











IT SNYS," BE THE FIRST IN
YOUR NEIGHBORHOOD TO
COLLECT ALL TEN CLGRS” |

LOOK, HOBBES, YOU GET A
PLASTIC TRINKET IN BOXES
OF Sele eae







WANTG IT? I
THOUGHT ALL
HE WANTED WAG
TO INVEST!










I COULDN'T

YOU AND KATYARE ALL I
BEAR IT.

HAVE IN THE WORLD.

IFANYTHING
HAPPENED To
YOU, ERIC...

T LOVED MY HUSBAND DEEPLY.
IF TIM WERE STILL ALIVE, MY
HEART WOULD KNOW.

Gs y




(C2007 by Hach Ameren Syndicate, inc. Word rights reserved.

WAT ABOUT THE MONEY YOU HAVE



































































s Rc It THLTVE BLUE BLANCST ON re How Would You Play This One?
SORRY, SON, BUT ¢ Wt YOUR BEDROOM CLO: F ; : “
{ DON'T HAVE A CENT 3 e West dealer. to depend on a successful finesse in’
asa ON ME D)| | Both sides vulnerable. either spades or hearts. But declarer | ‘
we | NORTH found an alternative that made it | ~‘ MONDAY,
#A10842 unnecessary to try either finesse, vis DEC 31
Â¥KI9 , arta eee club return, |. Pd
#76 jou ed a club and led the queen Y oF a Ve
#AK7 of spades. Had declarer elected to | ARES — Merch 21/April 20
WEST EAST finesse, he would ultimately have | !t’s time to save up your pennies,
45 $K3 had to guess which defender had the |} tes. there is some rough financial
762 ¥Q84 heart queen, and he might easily 70a ahead. You may want to con-
#AKQI8 952 have gone wrong in view of West's | S14& oe Up some ata. part-
$0863 #310542 — opening bid. Sime work to get you through.
MARVIN - Be. Seo ees SOUTH . But South decided against the puns ~ April 21/May 21
sree ree: - ade rr two reasons. First, | Expect some major changes a
YOU GOING To 1! NOT.I was J YOU'RE JUST IDO NOT oe ie ‘3 fe ee ae cannes that play. || workplace by Wednesday, Taurus.
My WAY HERE F/RST. SQUATTING! SQUAT, AND T'LL #1043 ing the ace might catch the si It is bound to cause some commo-
Lay 7 es THIS SPACE IS SQUATTERS FIGHT ANYONE #9 king, since the opponents only | tion. Extra stress at work makes
Ov: RIGHTFULLY DON'T HAVE WHO SAYS I EVER The bidding: three cards in the auit. -home life a little tricky this week.



GEMINI — May 22/June 21
Keep clear of an upset family mem-
ber on iucsday, Gemini, this person
is only bound to ruin your good
mood. Your love like takes an unex=
pected turn for the better. :
CA” CER ~ June 22/July 22
Sarcasm can be your downfall on
Tuesday, Cancer..Best to keep
quiet for a while and remain busy.
You'll be needed to put in extra
hours: at werk, but the rewards will

ANY RIGHTS! HAVE !!/ West North East South More important, though, was the
1¢ Dble _— Pass 2¢ fact that if East followed euit to the
Pass 4 spade, whether with the king’ or the .
Opening lead — king of diamonds. _ three, the contract would become a
When there are no clues to indi- dead certainty. So South went up
cate otherwise, the chance of win- with the ace, cashed the king of
ning,a finesse against a particular clubs, discarding a diamond, and
card is 50 percent. Additionally, the exited with a spade.
chance of winning one of two He didn’t care which defender
finesses is 75 percent. won this trick. Whoever did would.
For this reason, a declarer who have to yield a ruff-and-discesd or ;
needs to win just one of two finesses__lead a heart, eliminating all guess-
































sp ak oe t : : i |. probably be gegerous.
NON SEQI ATI IR, oe to land his contract has good reason _— work for the queen, \_ pp
: shad to feel confident. Nevertheless, he Once West followed to the first| | LEO — July 23/August 23
| Life is the cat’s meow for you, Leo: A









. still should try to improve on the _ spade, playing the age could fail only j.
WoW You WHUBLIN Gantt THe odds if he can finda way todo so. |. if West had started with all three | :

SINGLE-PARENT- WEAPON - OF -

ON, PLEME OoN'T ELL NE boats Seer
Yo FORGST KBOT NOUR , big raise seems imminent and a promo-

' tion is not too far on the horizon. Your





























WINNER DATE KT ORIGINS, . |, Today’s South faced just such a trumps. Even.then, declarer still had ff "08 © .
| ANITA | QS | situation. Afier West had taken'two the two: WaY Heart finesse ii feseive, , | Positive mood can only be enhanced By
NOAL | AN WANT..? WELL, DGOPERATE diamonds and shifted to a club, the giving him a second chance to make - a chance igeresr weekend.
MEAN TINGS CALL FoR the contract. VIRGO — Aug 24Sept 22

hance ing 10 tri
a a chance of Te tricks seemed

ER aieae Ee It seems that things are looking up

“ffor you, Virgo. You're finally out’
of the slump that’s been. bogging

:fyou down lately. A better mood- .
frees up more time for recreation: "’. .


































§ LIBRA - Sept 23/Oct23. 0 «

z _: : Your patience is tested at- work on
we. HB LOS } Thursday. T technical diffi-" *
Win eee peeine ens S10. WHEN IDROSREM Liv. HET g a ¥ culties With feuky cquiniyent ait ve
Buy 3 your temperatpre tQ rise. Just be |.

ee otal $ level-headed and iaope for the best. ~

B9908 SCORPIO — Qct 24/Nov 22

WE WILL HAVE TO CLEAK Beagssee Stress has driven you over the edge =
A SPACE IN MY ROOM . 33 sole jon more than one gccasion in the ;
BEFORE WE CAN PLAY 228 gg 9 past, but this week you've finally =,
HOW many words of four letters 3 3 g Bug found the formule for remaining: -:

or more can you make from the oeAvt Ss calm. Expect dinneg plays for Friday
Pn ene eee ZSESUSa8 SAGITTARIUS —Nev2¥Dec21 :
word, each letter may be used Qa Bye 5 Y find . eis

once only. Each must contain Ovaga ou need tq find a aew interest,

the centre letter and there must S83 one Sagittarius. Why not adopt a pet to
be at least one nine-letter word. sees a 3 g focus your attention fm @ different .

Ey anaet ae direction. A party om the weekend



.f leaves you anxious — an old flame '
‘| will rattle your nerves, 2
CAPRICORN — Dee 22/Jan 20

. |] Stop butting heads with that coworker, -
. | Your teasing and arguiaents are just |‘
masking the underlying aftraction you :
feel for each other, Capricam. t



Good 19; very good 26; excellent
37 (or more). Solution tomorrow.






















_ DOWN
2 la growing in allure? (6)
3 Unreliable and hesitant



“AQUARIUS - Jan 21/Feb 18°"

Stop being so-hard on yourself, ©
















“1 Look ruddy embarraséed (5) [
6 Hop around when caned? (6)

aah









9 — Encourage to eam the change (7) : abqut getting fit? (6) d Acuarius. You are your own worst
‘10 One takinga tum © 9 4 tin, or maybe on, the nest (3) Wor e Cth rnd ou on
yah . aie =o se! -adulgence on Friday. os

hear © tps : PI. CES — Feb 19/Mareh 20
| heer , ‘Your -elationship is bound to end this
Toone A colony of week, Pisces, but it’s not your fault.

-Fhis person is just not ready for a
long-term commitment. Remember,
: there are other fish in the sea. ‘

often Non eTeo =F rst



< , 7 One ahead, shortly (4) eToys
* 8 Eceentric actor's
heavenly twin (6)
ry 12 Bright and early riser at
New York (5)
| 13 The distance one can ride? (5)







































18 It’s very largely deserted (6)
































19 _ Nurse some man with | 14 “Tod”, on his own, — See
broken leg (5) . sounds a Square! (5) ortishchampioestip ce’
: | 15 :
= A knotty ofd dear? (6): te ee (6) Yarmouth 2007, Pert, 26, of Ipswich, 8510
Some of the better ideas willbe O pay for a kiss during a and Haslinger, 25, of Southport, are ; .
carried (4) ‘Tl, , Sedgy datel (5) a among England's best young ‘
24 Inthe end, even briefer (3) 18 Cut the verse that needs : 2_% grandmasters, both ambitious to
25 Given lower status in the ministry, editing (5) , challenge the country's world- ;
Indeed (7) “ff 19° What an extraordinarily : i ACROSS DOWN ranked pair Michael Adams and < rg vn RST ES ay
a 4 1 Nigel Short. it inth ( has
25 Nol very emphatic? ( sce gal ean be (7) 1 Fg Fema 3 Ou ho county (6) ratoraltiticontet wasapresige «| Tag hcl Ter bol
27 The beest turned up with 21° Sumptuously entertain Reggie with : : AT ‘ 9 — More turbulent (7) 4 Kemel (3) duel where Pert (White, to move) — mh ’
the money (5) _ drink (6) | mel |; ” nell (5) 5 Era (5) gambitted a pawn to create a BY bel PPE |
28 Not the firet choice of 22 This blightor’s a right beast! (6) ‘ N 12 oe cade 65) 6 Bit(7) promising attack on the black king. | PRN BR
potherbs (5) 23 Fed up with a fate you 2 13 Secrecy (7) Sau pres Bie Cayiolss Bay TNs 4i JBI
29 Laughable suggestion of a possible -have to justity (6) a. 15 Guided (3) '42 Backless seal (5) Se mn
Increase? (7) 25 Many a.wicked fiend (5) an ie ae alt ae 13 Hire (b) leashed surprise coup which
30 Wine blended by a nameless ' 26 Rulers generous a = joo mark (5) 14 Wear 6) led to an early checkmate or to
heart 2 tial (6 away os : :
‘ comedian (5) ss (4) * 22 Uh (4) 15 Prise (5) oe Eee Kania you spot
31 With poetry, hesitation can only Tyrolean 7 24 Golf peg (3) 16 Embankments (5) nning
make things worse (5) fame? (3) ; 25 Wishes (7) 18 Cringo (5) LEONARD BARDEN
26 Child (5) “B48 oy) -
eae 27 Warehouse (5)
, , oF 28 Love (5) | S ria (6) \ :
29° Joy (7) = < ee ee
Yesterday's easy solutions 30 Alloy (5 ee ee
ACROSS: 9, Spear 8, Baton 10, Many 11, Den 12, Sloop $1: Ded & 23 Brought is
13, Placate 15, Relay 18, Eli 19, Palate 21, Special 22, up (6) \
Tint 23, Pear 24, Decider 26, Editor 29, Far 31, 25 Fools (6) ’ Chess:8510: 1 Bdg) i ft
Relic 32, Minutes 34, Mimic 85, Sob 36, Devil 37, Merit eM) 26 Extra (4) | noreasonable defen te gS when Black has fos
Delta ‘28. Cralt (3) le defence to 3. QF7/h7+ and 4 No6 Pi

Mate. Haslinger tried 1...e5 2 Qre8 N ‘
NgS then resigned since if Qhé (to s aps ch Vis 25

5 QF7+ Kh8 6 Qxd7 Qxg5 7
up, still with a desk staat C7 puts White a rook

38,

DOWIE 1, Ladie 2, Concept 4, Pole 5, Amoral 6, Repel 7,
Great 9, Tea 12, Sticker 14, Ale 16, Later 17, ean
19, Pacific 20, Steer 21, Snail 23, Perused 24, Docile
25, Dan 27, Deter 28, Timid 30, Debit 32, Mint 33, Tor






PAGE 10C MONDAY, DECEMBER 31, 2007



MONDAY EVENING DECEMBER 31, 2007

| 7:30 | 8:00 | 8:30 | 9:00 | 9:30 | 10:00 | 10:30
NETWORK CHANNELS

aan ata {Live From Lincoln Center ‘New York Philharmonic New Year's Eve:
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The Insider (N) |How| Met Your |The Big Bang — | Two and a Half (31) Rules of
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WTV4 |wood (N) (Cu) “Avatar’ A video-game player goes
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J 1 (N
wet@ leon





Johnny Mathis: Wonderful, Won-
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CSI: Miami “Man Down” A member








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| Troy’ (CC) “Emily.” (CC)





Correspondent |BBC News World Business |BBC News BBC News Correspondent
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Fox Report- |The O'Reilly Factor (CC) Hannity & Colmes (CC) Record With Greta Van
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Best Damn Best Damn 2006 Hooters Pageant |Best Damn Hooters Pageant Pert /Best Damn Top |The FSN Final
FSNFL From Las Vegas. od 2007 50 Special Score (Live)

GOLF European PGA Tour Golf Mercedes-Benz Championship — Final Round. My World

From Germany.
Gon Pea ert ee ee
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: X-Play “Best of 2007” The top video |Cops Home inva-Cops “Coast to |Ninja Warrior —/Ninja Warrior
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x & RED-HEAD-| * &% THE OUTSIDER (2002, Romance) Tim Daly, Naomi Watts, Keith Carradine. A wound-| % * %& THE UN-
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theirson. % —_|(CC) wish. (4 (CC) |Hard choices. jage boy. (CC) Denver. 1 (CC)



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NTV & & & CITY SLICKERS (1991, Comedy) Billy Crystal, Daniel Stem; Bruno Kirby. A midlife |NTV New Year's Countdown




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SPEED (5:00) Barrett-Jackson Automobile Auction Thursday action from Scottsdale, Ariz. cece Automobile Auc-
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(:00) Premios Juventud he jFeliz 2008!

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rs + & + DREAMGIRLS (2006, Het Bnple * %& THE DEVIL WEARS PRADA foo Comedy) Meryl Steep, Anne

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has a high price. 1 ‘PG-13' (CC) fashion magazine. M ‘PG-13' (CC)

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through the good life. © ‘PG-13' (CC) ‘PG-13' (CC)

ey tok | tot te WHITE MEN CAN'T JUMP (1992, Comedy) Wesley Snipes, % %% THE RINGER (2005, Come-
RIMARY COL- |Woody Harrelson, Rosie Perez. Two basketball hustlers form an unlikely dy) Johnny Knoxville, Brian Cox,

ORS (1998) ‘R’ |partnership. 0 ‘R’ (CC) atherine Heigl. 4 ‘PG-13' (CC)
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1993) Whoopi pome iTV. Deloris and friends rally |throws a party. 7 (CC) herself rejected. 1 (CC)












to save a school from cl
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Let Charlie the ©

| Bahamian Puppet and oy
his sidekick Derek put i
some smiles on your #f

Bring your children to the
McHa ppy Hour-at McDonald 's in
Marlborough Street every Thursday —
from 3:30pm to 4:30pm during the
month of January 2008.

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PAGE 12B, MONDAY, DECEMBER 31, 2007 THE TRIBUNE

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is happening.in The Bahamas
from reading the Tribune.
Where other daily
newspapers fall short, the
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confident knowing The
Tribune looks out for my
interests. The Tribune is .
my newspaper.” ribun C
NELSON JOHNSON
TAX! DRIVER



AreNOERANE RARER 2 ERIN NNR NNN A NANNIES
THE TRIBUNE

Shadowing the
super-rich

FROM page 16

that dot the horizon like tiny
floating cities.

These derelict vessels,
though completely seaworthy,
are often left for years if not
sunk to create artificial reefs.

“We first survey and choose
those in the best condition and
replace all the steel down to
the undamaged webbing,” said
Kimberly Gonzales. The typi-
cal ‘white hulled’ yacht has
always been designed for looks
but not these hard work ves-
sels. Shadow Marine has been
able to take these already
proven hulls that cost Shadow
Marine at least half a million
dollars each, and completely
rebuild them.

The Allure’s computerised
bridge can almost navigate
itself. The chrome wheel, sus-
pended compass, and array of
circular dials are gone. In their
place are LCD monitors, key-
boards and joysticks. The
infrared and night vision cam-
era feeds constantly change on
one display, digital engine and
power readouts monitor every
fluctuation and change in the
vessel’s power output, while
the constant sweep from the
radar and sonar provide live
action information.

The engine room of these
once oil-covered rigs is just as
high tech. The whitewashed
bulkheads and polished floors
look more like a high tech lab-
oratory rather than an engine
room. The Allure in particu-
lar has a total of three John
Deere primary generators able
to put out 99 Kilowatts each,
and one secondary generator
that can do the same.

The Allure is equipped with
two completely rebuilt Cater-
pillar D399 engines, each capa-
ble of producing 1225 horse-
power. Easily moving the
Allure’s 900-ton displacement,
in fact the Allure as well as all
the shadow boats are designed
and powerful enough to tow
other boats even larger than
themselves. Which means in
an emergency the Shadow
Boat can tow the primary
yacht or other large vessel into
port.

A work crew of up to 400
men and women from all over
the world work on each Shad-
ow Boat until it is finished,
usually in less than one year.
The big boats are produced in
the Shadow Marine dry-dock
at Jacksonville, florida.

What do you get for eight
million dollars?

“The ability to travel any-
where on earth by water — safe-
ly,” says Ms Gonzalez. “Our
current five Shadow Boats are
patrolling behind super yachts
all over the world. We’ve
heard some have teams of ex-
US Navy Seals on board for
security. We supply a state-of-
the-art Oregon security cam-

\

y

era that sweeps the ocean at
night for the heat of bodies or
engines. The yacht owners do
the rest.

Kimberly says her Shadow
Boats can be considered the
SUVs (Sport Utility Vessels)
of the sea. They are capable
of travelling anywhere in
almost any kind of weather
and have a range that can take
owners half way round the
world without refuelling.

Rich

The Super Rich are careful
of whom they invite on to their
palatial mega yachts. There is
an unwritten yachting rule:
‘Stowaways out - valuables in’.

Kimberly Gonzales explains:
“On a pristine mega yacht with
fancy antique furniture and
marble floors you’re afraid to
even sit down.” Strangers are
kept off because they could
roam anywhere and disappear
within.

“But our Shadow Boats are
open and built to take crowds
and a party beating. Our hang-
er area can hold more than 200
guests. This way the super rich
can share their wealth with
many. When the party’s over
crewmen simply hose down the
deck and all is new again.

“It’s very cool. I’ve watched
bikini-clad models around our
swimming pool and realise we
have this big sturdy strong ship
and the girls don’t have to be
carried across. They can jump
on and be in the pool in just a
minute and can hang out in the
Sky Lounge and join a dinner
party. They can wear high-
heeled shoes on this vessel.
Usually at a yacht party the
first thing you must do is take
off your shoes. You don’t have
to do that on our yacht.”

Shadow Marine is not only
building the work boats for
mega yachts but slowly chang-
ing the shape, of mega yachts
themselves.

“We welcome competition
but right now we don’t have
any,” states Kimberly Gonza-
lez. “We are pioneers, doing
something that hasn’t been
done yet. Some people say
they build shadow yachts but
we have not seen one finished
yet. We wish them the best.”

No-one can just buy a Shad-
ow Boat. They are only built to
order. And now their newest
models are growing bigger and
bigger.

Kimberly Gonzalez and her
husband Tom own several
businesses worth billions. They
are proud their company is
totally American and own
homes across the United
States, But in an industry dom-
inated by long-established Ital-
ian and German engineering,
experts were impressed when
this upstart three-year-old 500
employee American company
built and sold five Shadow
Boats. Then they launched the
Allure Class, first Shadow
Boat designed as a private
yacht and expected to form a

MONDAY, DECEMBER 31, 2007, PAGE 13B



(ABOVE) - CEO Kimberly Gonzales
and The Allure Shadow

(LEFT) - FORMAL DINING —
Modern, window surrounded din-
ing room holds ten comfortably

NOW IN STOCK
e 1/2” Sheetrock 4X1 Oft

¢ R19/R13/R1 1 Fiberglass
Insulation

new standard in yachting.

The Allure is a demonstra-
tion yacht and is not for sale.

“We are pioneers changing
the face of yachting. We’ve
taken the ruggedness of a
Shadow Boat and blended it
with a great looking interior,
not a fancy cocktail interior.
On no other kind of yacht can
you throw parties like we can.’

* The Allure holds 91,000 gal-
lons of diesel fuel, says Kim-.
berly. “She is going to sail”
8,000 miles to the Dubai boat
show. The voyage will take
about 40 days. We’ll meet her
there. We expect to do very
well. When someone sees a
Shadow Boat it sells itself.”

The Sultan of Dubai, worth
many billions, is one of the
wealthiest men on earth. Does
the Sultan own one?

“Not vet.” smiles the Queen
of Shadow Boats.

An Allure class Shadow boat
at $35 million will eventually
drive down the price of super
yachts which can cost $300 mil-
lion.

Maybe some day we can all
own a yacht. But in the mean-
time let’s hope we get invited
to a Shadow Boat party.

¢ Hardiboard Siding

¢ Impact resistant
Casement Windows

* ‘ es “ Security Screens.
(windows & doors)

¢ 25yrs Tan Mist mildew
resistant Shingles $11.99

Come in today and check out our
great selection of building materials

elly’s Lumber

East Street South Tel: (242) 325-0076
Mon-Sat: Zam-4pm_— Fax: (242) 322-2601















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You'll wonder how you ever got along t

,


PAGE 14B, MONDAY, DECEMBER 31, 2007 THE TRIBUNE
OO as





Re: Aces and
Jokers of the Year

HUMOUR is the best way
to convey some of the most
serious issues of our time. I
think your 2007 Christmas
Honours List was very funny,
but also serious in its com-
mentary, and as such it made
another valid contribution to
the way this society is run. I
don’t expect Bishop Ellis’s
congregation to be over-
pleased, but then they repre-
sent the kind of Third World
thinking this country needs to
move away from.

— GLS

Marquis, you are one of the
best. Please keep it up - even
in your old age. The piece
that talked about the woman
with the whistle was priceless.

— Academic '

YOU will not have won
many friends among Mount
Tabor churchgoers, but your
Comedy Turn of the Year
Award was one of the funni-
est things I have read for a
long time. The pieces on Wis-
dom and Mitchell were also
timely and on the ball and
will ring many notes with the
more intelligent members of
our society.

— PH Hall

WHILE I find your work
very informative, and some-
times very funny, I some-
times wonder whether you
need to be so hurtful when
discussing politicians, some
of whom have been treated
very harshly at your hands.
Mitchell is fair game, but
Neville Wisdom is a very nice
man who has been made to
look foolish by The Tribune
and its reporters.

— Mrs Forbes

INSIGHT has brought an ©
aggressive, some would say
vicious, edge to Bahamian
journalism. While some con-
demn it, I believe hard-edged
commentary is the way for-
ward for any democracy,
especially one so reluctant to
confront reality as the
Bahamas. Politicians, church-
men and ‘professionals’ in
our society are too puffed-up
and pompous for, themuwn3st
good. Insight provides a

ty check for those who try to”

confuse the rest of us. Keep
up the good work in 2008.
— A B Thompson, Nassau

YOUR Christmas Honours
List seemed to offer seasonal
goodwill with one hand, and
snatch it away with the other.
However, it was very enjoy-
able for all those with the
intelligence to appreciate
such biting humour.

— George B Lowe

Mr Marquis

WHILE I appreciate that
Fred Mitchell led the cam-
paign to have you deported
last year, and while I accept
that his website continues to
besmirch your good name, I
still feel it is time for you to
draw a line under your ‘war
of words’ with this man, espe-

For the stories
mT Uae

ar Insight
on Mondays

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.



Roper te bee



The stories behind the news

, Hail the aces and =
jOKEPS OF THE YEA aye jon cose
Christmas ‘honours’ go _ the Cecember 24

to good, bad and foolish neon
FEEDBACK








cially as you are now so far desire to be rolled into mal- for librarians and Sunday

out in front that he is but a leable gold, and no illusions school teachers, not those
speck on the distant horizon. about blinding the cosmos, it | whose words are fashioned to
Mitchell’s clumsy responses does subscribe to the journal- _ shift the mindsets of nations.
to your rapier thrusts speak istic credo of H L Mencken,

for themselves and make no who believed “niceness” is Happy New Year to all!

impression on the more intel-
ligent segments of Bahamian
society. I feel you would be
best-served to observe Win-
ston Churchill’s advice and
show magnanimity in victory.
Now that Fred has been ‘Jok-

Have a blessed Christmas Season
nae decrcesokco RTT UU ARNON KGL OATALOLC LT NS

— G Colebrook



Mr Marquis

May I suggest you adopt a
New Year resolution for
2008: I hereby untertake to
be nice to people this year,
instead of doing my damnd-
























Time is precious
so if you need to shop for home appliances
and electronics you may as well make it





ae

est to make them look idiots . .

in the eyes of their fellow a one stop shop kind of thing.

human beings? a

— ID Malcolm a : ;
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etray the tru Of ‘Sharehold- i




hen lew@:priests betray or visit us at o

the trust of little children, it’s
time to mobilise the language
and send it into battle. When
Mencken died in January,
1956, he was cremated. That
was a mistake. He should
have been rolled into mal-
leable gold and polished to
blind the cosmos. I still miss
him. America misses him
more.”



H L Mencken himself
wrote: ; KAN .
“The liberation of the CA NS
human mind has been best wr :
furthered by fellows who
heaved dead cats into sanctu-
aries.”

e While Insight has no

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BR.

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. DECEMBER 31, 200

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MONDAY, DECEMBER 31, 2007





_ The stories behind the news





Shadowing the super-rich

‘

How big yachts protect themselves -
and carry that extra baggage

@ By RON LAYTNER
Copyright 2007
Edit International

FORT LAUDERDALE,
FLORIDA — Kimberly Gon-
zalez, the Queen of Shadow
Marine, is changing the world
of offshore yachting.

She and husband, industri-
alist Tom Gonzalez, owned
several big yachts which even-
tually became cluttered. They
wanted to pack a few toys on
their ocean trips — but where to
put them? Tom owns 400 cars,
motor buses, RVs, airplanes
and helicopters.

They came up with the idea
of a following support vessel,
an armed craft, a butler boat
with teeth that would shadow
big mega yachts worth hun-
dreds of millions.

Big yacht owners are getting
younger and younger, explains
Kimberly Gonzalez. “They
want to play more and more
and be casual on board. They
want their yacht interiors to be
comfortable and not full of
antiques. They want to relax
and have their kids roam safe-
ly around. A boat like this is
what we wanted and then we
decided there is a market out
there for such a craft.”

And thus was launched The
Shadow Boat.

She would carry pilots, extra
crew for rotation and security
personnel. She could hold a
machine shop, an onboard

Photos: Ron Laytner/Edit International

THE ALLURE is first seen at the Fort Lauderdale, Florida International Boat Show.

operating room, a health spa, a
gymnasium, movie theatre,
swimming pool and also con-

tain a hanger holding the toys

‘of the super rich: Hummers,

motor-cycles, speedboats, jet-
skis and even a submarine: All
sea transfers would be made
on small tenders. But personal
doctors and stewardesses
would stay on the main yacht.

The luxury steel-hulled util-
ity boat would contain the pri-
mary yacht’s own helicopter
and landing zone. It would

have giant fuel tanks able to
refuel the mega yacht at sea. It
would carry all the extras a
mega yacht could not.

Why is this beautiful woman
heading a new type of yacht
Design Company?

“T was brought in because of
my interior design experience.
It is crucial that interiors be
considered in construction. I’ve
worked for years with sub-con-
tractors. I don’t need to know
how to build a boat. My team
knows how. And what’s impor-

‘V Cocorijo

55 Hatteras Ready For Immediate Sale



SPECIFICATIONS
Built in 1983

5 major bulkheads
Draft: 4 - 10"
LWL : 50'-2”

Reg No : NP0443,
Beam : 177-6”
Depth : &-9”
Grogs. Ton : 70,0)
License : Mas “A?
Steering : Hydraulic
Anchor : 8/8 chain/3 strand
VHF: Puruno

Horn : Twin Electric Air
Antennas: Radar, VHP
GPS and SSB




~

TV, VOR, DVD players
Gompass : Ritehie

Life Jackets : 8

4 air-conditioning units
R/O Watermaker

La Marche battery charger



Bleetronivs : Sea 222-SS8B Radio

tant is that I know how to man-
age my team.”

So far this brilliant woman
has built and sold five 125-foot
Mystere or Palladin class Shad-
ow Boats at prices of $8 million
and up. “The $35 million
Allure class is the first of our
primary vessel Shadow boats,”
explains Kimberly. “Our new
design class, the Voyager, at
280 feet and a beam (width)
of 60 feet will be the flagship of
shadow boats. Her owner will
be on board. He or she can





U-Line ice maker
Frigidaire washer. & dryer

GRAND STATEROOM

Very modern master cabin with

a full bathroom, side tables on both
sides of the double bed with reading
lamps. A/C units push refreshing
cool air through the cubin as guests
relax, wateh twedvd in comfort.

GALLEY

Stove : Jennair Blectrie

Fridge : Frigidaire

Microwave : Magic Chef & Sharp
Proctor Silex Toaster
Kitchenaid Trash Compactor

ENGINE SPECS
Location : Mid Ship

No, Cylinders ; V12 each
No. & Type : 2 x diesel
RPM ; 2400

Calh Capt dosuph Moxos 242-426-6795 ov Meo Rei ata he 3O2 502 2



Make : Detroit diesel
H.P. : 880 hp each
Model :12V71 - T1
Approx. Speed : 20 knots
Year 1983, no rebuild known
























Engine Cooling System:

heat exchanger

Ventilation: Turbo induced
Jarburetor Flame Arrestor:
Factory fitted

Fuel Pump: Mechanical
Wilters: RAGOR

Silencer: in line wet type
Exhaust Line: Approved hose
Eng. Generator: Alternators
Controls: Push pull cable
Bilge Pumps: 3.x submersible
with auto

EXTRAS
13’ Boston Whaler
with 50 bp Evinrude













KIMBERLY AND TOM GONZALES — “We are not a Mom and Pop
business,” says Kimberley..“I run Shadow Marine and Tom runs his oth-
er billion dollar ventures, including restaurants and real estate devel=

opments.

stay out in the harbour and
then launch their carried 80-

‘ foot offshore yacht and go into

a crowded marina.”

People who buy Shadow
Boats are beyond rich and a
condition of sale is that their
names are never revealed. Do
they include movie stars?

Kimberly shakes, her head.
No movie stars are wealthy
enough to own a mega yacht.

Shadow Marine’s CEO
explains in the company’s sleek
Fort Lauderdale offices:
~ We're talking big oil money.
These are the super rich who
usually don’t want publicity or
notoriety. They include Greek
and Norwegian shipping own-
ers and Russian oligarchs.
They’re as rich as celebrity bil-
lionaire Richard Branson,
owner of Virgin Airways, or
Donald Trump. But you never
hear of them. They travel the
world silently, unseen.”

What kind of people own
mega yachts?

People like Paul Allen, the
co-founder of Microsoft, at 53



the richest billionaire bache-
lor on earth. His 413 foot long,
seven deck high Octopus holds
two helicopters, seven boats
and a ten-man submarine. The
Octopus cost more than $200
million, has a crew of 60 and
costs $20 million a year just to
operate. But even this mega
yacht is running out of room.
Allan is looking for a ‘Shad-
ow Boat” to carry extra toys.

Here’s how a Shadow Boat
is constructed.

Kimberly Gonzales says:
“We get our steel hulls from
powerful, almost indestructible
retired offshore supply vessels
in Louisiana. They were built
tough to tie up to Gulf of Mex-
ico ocean oil platforms in all
kinds of weather.”

There are an incredible
number of decommissioned
ships clogging the canals of
America’s Gulf Coast, sent
there after years of servicing
oil refineries and platforms

SEE page 13



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