The Tribune.

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The Tribune.
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Tribune. (Nassau, Bahamas).
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Nassau tribune
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Nassau, Bahamas
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v. : ill. ; 58 cm.


newspaper ( sobekcm )
newspaper ( marcgt )
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Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.

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University of Florida
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N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER Court witness in kidnap fear Volume: 108 No.4THURSDAY, NOVEMBER 24, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER SUNNY, SHOWER HIGH 82F LOW 69F B y SANCHESKA BROWN Tribune Staff Reporter THE family of a woman who has been missing for two days fear she may have beena bducted. They made an emotional plea for her suspected abduc-t or to set her free. A nya Wilmott, 22, was last seen on Tuesday at Little Feet Academy dropping her daughters off to school beforeh eading to court. She was a witness in a recent trial. A nya was wearing khaki pants, a white button down shirt and black shoes. She was also driving a right hand Hon d a Civic. Yesterday Anyas mother Antoinette Newton said her daughter left home around 7am Tuesday to go to court, but has not been seen or heard from since. She got ready and left to meet me at court for a case. She dropped the kids to school and was supposed to meet me at 9.15am, when 9.30am came and I didnt hear from her I knew something was wrong. So I started calling her cell phone, texting and messaging her on her cell phone and got no response, she said. Then her phone started going straight to voicemail. It Family concern as m um of tw o g oes missing TRY OUR PINA COLADA McFLURRY The Tribune THEPEOPLESPAPER BIGGESTANDBEST LATESTNEWSONWWW.TRIBUNE242.COM REDUCE YOUR POWER BILL TODAY!GET SUN CONTROL WINDOW FILMS to START SAVING NOW!REDUCE HEAT, FADE, AND GLARE CALL STORM FRAME WINDOWS FOR YOUR FREE ESTIMATE TODAY325-6633 INSIDETODAY Y Y O O U U R R S S O O U U R R C C E E F F O O R R O O B B I I T T U U A A R R I I E E S S NOBODYBEATSTHETRIBUNE NEWS SPORT FASHION MOVIES TV MUSIC IN YOUR BIG TEVERYSATURDAY... C C O O U U P P O O N N S S T T O O H H E E L L P P S S A A V V E E M M O O N N E E Y Y LILLY STRACHAN-MOXEY, president of the Bahamas National Craft Association, cuts the ribbon to open the Authentic Bahami an Craft Village show at the Marathon Mall. For more pictures, see page 2. Photo: Felip Major /Tribune Staff MISSING: Anya Wilmott S S E E E E p p a a g g e e 1 1 4 4 By TANEKA THOMPSON D eputy Chief Reporter t A LONE gunman broke i nto a hotel room at Sandals Emerald Bay and robbed two Canadian guests. T he robber scaled the exte rior wall of the Exuma property, hoisted himself on to as econd floor balcony, and entered a guest room through a sliding door, surprising the two tourists inside. Although the guests were not hurt during Tuesday nights robbery, the thugm ade off with cash, a camera and a watch, and quickly left the room. Our information is saying t hat at about 10.15 last night (Tuesday itors were robbed while int heir room in Sandals by a lone gunman. They were robbed of a small amount ofc ash, a camera and a watch, said Assistant Commissioner of Crime Management Tony Ferguson. The information that we gathered is that (the suspect got in through a balcony t hey were on the second floor (and the robber through the sliding door. P olice said the gunman was u nmasked but wore dark clothing. By SANCHESKA BROWN Tribune Staff Reporter POLICE are still questioning convicted child rapist Andrew Bridgewater in connection with investigations into alleged attempted rape and two attempted child abductions. Bridgewater was taken into custody on Tues day at his residence on Marshall Road after a two-week man hunt. Although Bridgewater has been a person of interest for two weeks police did not alert the media that he was wanted for questioning, nor did they tell the public of the two-child attempted abductions. Just last week, Supt Stephen Dean praised the good cooperation between the police, the media and the public when officers caught one of the countrys most wanted men. By AVA TURNQUEST Tribune Staff Reporter FORMER athlete Shonel Ferguson has been named as the front runner on the FNM ticket in Fox Hill, according to a senior official. The three-time Olympian was identified as the Fox Hill candidate at a constituency meeting Tuesday night, the well-placed source said. However, Ms Ferguson will not be formally appointed until boundary recommendations are debated and approved by parliament. Last month, Senator Jacinta Higgs, was tightlipped over reports that she will not offer herself as a candidate in the next general election. Mrs Higgs ran on the FNMs ticket in the Fox Hill constituency in 2007, but lost to incumbent MP Fred Mitchell. When pressed by The Tribune on whether she had decided not to offer for renomination, Mrs Higgs said: I still yield to my leader. There have also been reports that Kennedy MP Kenyatta Gibson will be nominated to the Southern Shores By DANA SMITH THE verdict in the unlawful sex trial of Bishop Randy Fraser is expected to be hand ed down tomorrow morning after several delays. Fraser, 53, is accused of having unlawful sexual relations between July 2005 and February 2006 with a 16-year-old girl he had agreed to counsel. The prosecution, led by Franklyn Williams, claims the bishop abused his position of trust when the alleged offence was committed. Fraser, represented by attorney Jiaram Mangra, has denied the allegations. The prosecution has led evidence claiming that Fraser sent explicit phone calls, voice, and text messages to the victim. A key argument of the prosecution was the GUNMAN BREAKS INTO HOTEL ROOM CRAFT VILL AGE OPENED AT HEART OF THE CITY POLICE C ONTINUE T O QUES TION CHILD RAPIS T S S E E E E p p a a g g e e 1 1 1 1 S S E E E E p p a a g g e e 1 1 1 1 VERDICT EXPECTED IN SEX TRIAL OF BISHOP S S E E E E p p a a g g e e 1 1 1 1 S S E E E E p p a a g g e e 1 1 4 4 EX-ATHLETE TO BE FNM CANDIDATE im lovin it


LOCAL NEWS PAGE 2, THURSDAY, NOVEMBER 24, 2011 THE TRIBUNE Excellent Location Near New Courthouse Contact: Sophia Moss 477-6433For Lease BAHAMIAN-MADE crafts on show and, above right, Earl Deveaux and Larry Cartwright MP look at paintings. MINISTER OF ENVIRONMENT Earl Deveaux holds up a Doris Bahamian made bag yesterday as he toured the new Authentic Bahamian Craft Village at the Marathon Mall. The craft village showcases local crafts within the mall setting. Photos: Felip Major /Tribune Staff VILLAGECRAFTS City life LILLY STRACHAN-MOXEY, president of the Bahamas National Craft Association, tours the craft village at Marathon Mall.


B y LAMECH JOHNSON MORE than a dozen Colombians pleaded guilty to overstaying their time in the B ahamas when they were arraigned in Magistrates Court yesterday. Four women and 13 men, a ll represented by attorney Tamara Taylor, appeared before Magistrate Soboula S wain in Court 11, Nassau Street, and admitted they were guilty of illegally stayi ng in the country. I mmigration officer Kendal Rahming testified that the defendants were arrested in Grand Bahama on Saturday, November 19. He said that around 9am t hat day, a team of police and immigration officers, acting on a tip, went to an apartment complex in Crystal Bay. O fficer Rahming said they identified themselves, and asked the occupants with the assistance of an interpreter, to provide evidence of their right to be in the Bahamas. When the Colombians h anded over their passports, he said, it was revealed that they had arrived earlier this month and overstayed their time. They were arrested, cautioned and escorted to the Freeport Immigration Office for questioning, he said. The prosecution told the court that records show the accused did not receive or request an extension of their status. Their attorney, Ms Taylor, said her clients, who were granted a visa for two weeks, had only come to the Bahamas for a vacation andwere sincerely sorry for having overstayed. She said they had sched uled flights out of the country yesterday, but had to confirm the times. Ms Taylor asked for lenien cy and that the court not impose a prison sentence onher clients, who had overstayed by no more than six days. Magistrate Swain said: Each of the defendants, I have the power to sentence them to up to a year in prison. However, in light of the circumstances, they will be fined $1,000 or nine months at Her Majestys Prison. Each $1,000 or nine months. She further ruled that they will be released upon payment of fine or completion of sentence, whichever is sooner. The judge noted their right to appeal the decision within s even days and made a recommendation that they be deported immediately after p ayment or completion of a p rison term. Minutes after the 19 Colombians were escorted o ut of court, a Brazilian man also pleaded guilty to the c harge of overstaying. Gilberto Defarie, who was arrested on November 1 9 in Freeport, asked forg iveness for overstaying his allotted eight days, explain ing that he said he come on v acation to scuba dive, but the rough weather had s poiled his plans. He too was sentenced to a $1,000 fine or a nine month p rison term. M agistrate Swain recommended that he be deported to Brazil immediately after p aying the fine or serving the prison term. LOCAL NEWS THE TRIBUNE THURSDAY, NOVEMBER 24, 2011, PAGE 3 KIDZ CITY Montrose Avenue and Oxford Street (2 doors North of Multi-Discount) P.O. Box N-1552, Nassau, Bahamas Phone: 323-3460 Monday Friday 9:30 AM 5:30 PM Saturday 9AM 5PM20% OFF STOREWIDENovember 25th December 3rdWe Offer A Large Selection Of Newborn Preteen Clothing, Shoes, Socks, Under Garments, Hair Accessories, Costume Jewerly, Gift Items And More... By KHRISNA VIRGIL D ISTRAUGHT relatives of a missing man are terrified that he might not return home after he disappeared almost two weeks ago. Maxime Louissaint, 30, was last seen by his brothero n Sunday, November 13, at 6.30am at their home behind the Mall at Marathon, near the old Island Seafood building. Emmanuel Louissaint said h e became alarmed when his b rother did not come home at t he end of the day. Max, his brother said, is mentally ill and a diabetic. Max got up, bathed and went outside, EmmanuelL ouissant said. When he goes outside, it is usually only to Claridge Park or to the Chinese restaurant to get food. Hes never gone for long periodso f time. N ot long after, Mr Louiss aint said, he and his family began searching for his brother, but their efforts have not produced any results. We searched the area, w ent to the police station, p osted flyers and have gone to the morgue. We haven't heard anything yet and no one seems to know where he is. God knows we would be m ore than appreciative if he c ame home because of his c ondition. He takes his medications on time and was going for his checkups regularly. His disappearance has taken a heavy toll on his mother. My mother is taking it very h ard because she only has two boys, two granddaughters and my father. On top of that Max doesn't bother anyone and stays to himself. T hose close to Maxime h ave described him as a mammas boy who has always (kept A family friend hopes to get the publics attention about the man who she said has lit-e rally vanished. Because people are so jaded with crime, they just don't seem to care, but just imagine if he was your child? Maxime is 5, and was last s een wearing a blue T-shirt, l ong blue jeans with white and b lack tennis shoes. Police say they have no new information about the case, but are urging anyone who does to call the Wulff RoadP olice Station: 394-4590. T he missing man's brother can also be reached at 4325951. RELATIVES FEAR MISSING MAN MAY NOT RETURN Colombians admit illegal Bahamas stay S OME o f the C olombians pictured outs ide court. Photo: T im Clarke / Tribune Staff


EDITOR, The Tribune. In 2009, the government announced that it was conducting a New ProvidenceR oad Improvement Project, which upon completion would result in us enjoying wonderful roads and make our driving around New Providence, particularly the daily commute to work, much easier and quicker. At the same time, new u nderground utility conduits would be installed making for, among other things, improved water pressuree specially for consumers in the eastern end of the island. T he entire project, which commenced on November 2, 2009 at the Baillou Hill R oad/Robinson Road junction, was to be completed o ver a period of 11 months. A lthough Bahamians thought the time frame to c ompletion was a bit lengthy, they generally felt that the government was to be commended for this noble undert aking aimed at making their lives better. W ith such an innocuous b eginning, thus was commenced what has turned out t o be a literal nightmare that has been visited upon the unsuspecting citizens of our c apital city. Immediately, our national p syche was insulted as we learned that a foreign company was contracted to do t he road works. Then worse, we discovered that the foreign company was using foreign supervisors to o versee Bahamian workers in the Bahamas. The contractor, Jose C artellone Construction Company, soon began exca v ating roads on a massive scale all over the island, leav ing the holes opened form onths on end. Apparently insufficient sig n age and/or poor lighting r esulted in a near death expe rience for at least one m otorist and her infant child as their vehicle was writtenoff as a result of it taking a front-end plunge into one of t he dug-up trenches. Moreover, it is believed that these unclosed road cavities contributed to the Dengue Fever epidemic which raged during the rainy months of this year as rain water settling in the opened trenches provided a ready h abitat for the Aides Egypti female mosquito to lay her eggs. Meanwhile, the promised 1 1-month time span to comp lete the works has now turned into 24 months and, to date, Jose Cartellone is still u nable to give a firm date for completion of the works. As we witnessed road after r oad being dug up and left in a n unfinished state for weeks and months on end, it became obvious that both the planning and administration of this project by the governm ent has been extremely p oor. Indeed, it appears that the Jose Cartellone group has b een allowed to do as it wishe s to us with our money to o ur detriment. I n the meantime, our w eary citizens continue to e ndure long hours sitting in t raffic each and every day, which results in increased fuel usage and reduced pro d uctivity. W hile all of this has been going on, scores of businesses have seen their customer t raffic dwindle to negligible n umbers translating into operating losses, business f ailures and closures. I n the process, hundreds of Bahamians have become u nemployed in the worst r ecession in living memory as a direct result of the actions of the government. W hen business owners complained of the negative affect that the road works are having on their enterp rises and requested com pensation, the government s aid that as the government, it was mandated to do as it s ees fit in the public interest. I n fact, the government vigorously opposed the Bail lou Hill Road Business Leagues lawsuit, which s ought to have the court compel the government to pay compensation for their l osses. This is not a government o f the people, by the people and for the people. This is tyranny! No respectable government would deprive its citizens of their livelihood without compensation. In the midst of this national headache, BEC announced that it would have to dig up some of the completed roadst o install supply lines. This after the government, through the Ministry of Works, had told us that it would ensure that all utility companies would coordinate the installation of their conduits beneath the roads to ensure that they would n ever have to be dug up again. It would seem that insanity has invaded the simplep rocess of road rebuilding in the Bahamas. T his announcement by BEC has been met with a deafening silence from the g overnment. Again, the government f ailed to respond when a l eading local newspaper said it found out from the web site o f the Inter-American Devel opment Bank that the road works would incur a cost overrun of at least $12.5 mill ion, which would have to be added to the original loan to f und the project. I have visite d the said website and verified this report. A nd now to add insult to injury, Bahamian workers are complaining that they are b eing abused financially and otherwise by their foreignb osses on the road project. This is almost too much to bear. M eanwhile the trusting citizens of New Providence have been left on their own as they attempt on a daily b asis to navigate through the maze of road closures, diversions and confusion. A nd as general elections draw near, this same FNMg overnment, which has presided over all of this mess, is telling all and sundry that iti s the best choice for the continued governance of ourc ountry. I think our people deserve better. I know that they k now that there is a better way. It is the way one will find by following the beam from the green-striped light h ouse, which lights the way to the DNA and better governance for our beloved country. WELLY FORBES Nassau, Bahamas November 21, 2011. EDITORIAL/LETTERS TO THE EDITOR P AGE 4, THURSDAY, NOVEMBER 24, 2011 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. Publisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972Published Daily Monday to Saturday Shirley Street, P.O. Box N-3207, Nassau, Bahamas I nsurance Management Building., P.O. F-485, Freeport, Grand Bahama TELEPHONES S witchboard (News, Circulation and Advertising) 322-1986 A dvertising Manager (242 C irculation Department (242 N assau Fax: (242 A LETTER writer on this page today says that the Bahamians national psy-c he was insulted on learning that a foreign company was contracted to do the road works. W e have also heard many comments c omparing the 20-road corridors located in h eavily populated commercial and residential suburbs with the deviated West B ay Street roadworks, constructed by a Bahamian company. The belief is that the Bahamian compan y, because it completed its work in record t ime with little interruption to road users should have been given the whole contract for the New Providence Road and Utility I mprovement Project. The reasoning goes that because of the companys local knowledge and ability to work with Bahamianst hey would have been better equipped to h andle the entire contract. However, what is not known is that there is no comparison between the two projects. The West Bay Street road was constructed on a green field with no commercial or residential developments near b y. As a consequence, the Bahamian contractors did not have to contend with the complications of uncharted underground utility lines and crumbling water pipes.T herefore, there was little underground disruption to delay their work, thus enabling them to complete their contract in r ecord time with little inconvenience to the travelling public. In no way, therefore, can this contract be compared with thel arger project with all of its hidden underg round obstacles live electrical lines, disintegrating water pipes, and all kinds of unexpected debris that has to be avoid-e d so as not to cause further utility disruptions to nearby homes and businesses. And so a comparison between the West B ay Street job and the complicated work being done in the islands commercial sec tor would be an unfair comparison. A better comparison would have been t he single corridor road works constructed by the Argentinian company linking West Bay Street at Saunders Beach to JFK at t he six-legged roundabout and on to the Tonique Williams-Darling Highway. This, like the Bahamian executed project, wasa lso primarily over a green site. As a result of no underground complications, this too was completed by the foreign company w ith minor inconvenience to motorists. As for the injured Bahamian psyche, as far as we understand no Bahamian company bid on the whole contract because, although good in what they do, this project was beyond their capacity. The only injured psyche that we can think of aret he professional armchair critics, and, of course, the politicians, who snatch at any opportunity to deliberately twist the trutht o earn public brownie points. W hat most Bahamians do not realise is t hat when the Inter-American Bank lends money for a project it requires that the b id be put to companies in all of the banks member states. For example, according to an IDB release, the bank is loaning the B ahamas $81 million to finance improved w ater pressure, quality and volume for 38,000 New Providence households. It said that the five-year programme i s expected to cut in half the amount of water lost through leakages in New Providence, conserving precious drinking watera nd improving financial sustainability for l ocal water suppliers. These are the very water pipes, crumbling, and leaking that the Argentine company is now wrestling with in constructing the roads. Just yesterday The Tribune had a report that the main electricity line on Bay Streetw as cut through at least three times Tuesday night during the road works as it was only buried about six inches under the surface. It is understood that any cable carrying moret han 11kva should be two feet under the surface with detection tape over the top. Obviously businesses in the area without t he luxury of a generator would have been affected. Although the Hilton hotel should have been hit, our reporter was told thath otel management was unaware that the e lectricity was off as the hotels generator would have automatically kicked in. Not only is the present road project diff icult, it is also dangerous, and without proper plans as to what each Bahamian utility company has buried under the r oads, any company undertaking such a mammoth job is really playing blindmans bluff every time it breaks the surface to probe beneath the old roads. T herefore, the size and complexity of the New Providence Infrastructure Improvement Project meant that no B ahamian company had the expertise, experience or wherewithal to competi tively bid on the project. Jose Cartellone C onstrucciones Civiles of Argentina was the only company that satisfied the bid requirements. A nd so how the Bahamian national psyche could have been insulted when no Bahamian entered the contest is indeed open to speculation. We invite the politicians to chase that shadow. Insanity of roadworks nightmare LETTERS l No Bahamian company bid on roads project


THE Democratic National Alliance is hitting out at the governments handling of reports that $20 million is missing from the National Emergency Man agement Agency. In a statement issued yesterd ay, the party said there are many red flags raised by the matter, the most important being that the public is only just finding out about the reported investigation six or seven years on. While the DNA questions how such a substantial amounto f relief funds went missing, the party, moreover, suspects a mischievous political ploy by the present administration, considering such a serious issue is just now becoming public, the statement said. DNA leader and Bamboo Town MP Branville McCart-n ey said: This not only looks bad on the opposition, who was the governing party at the time these monies allegedly went missing, but the present gov ernment. Nevertheless, he said, oppo sition leader Perry Christies response is demonstrative of his weak leadership abilities. When confronted with the claims, Mr Christie is reported as saying he knew nothing about the missing money while in office, and found the fact it came to light during election s eason amusing. Im not laughing, Mr McCartney said, and I certainly think the public doesnt find it funny either. DNA candidate for Carmichael and veteran auditor Theo Cochinamogulos claimed the investigation might have no purpose other than to discredit the opposition. He said the statute limit may have passed on possible prose cution of any fraud that may now come to light. At minimum, an external auditor should have been involved to review this matter when it was still in the hands of NEMA, he said. Something just does not stand right with this. He noted that the Financial Administration and Audit Act (FAAT prosecution only two years after an investigation, but under the new FAAT 2010, about sev en years is allowed. LOCAL NEWS THE TRIBUNE THURSDAY, NOVEMBER 24, 2011, PAGE 5 Miracles Glorify Christ Acts 19 : 11-20Now God worked unusual miracles by the hands of Paul, so that even handkerchiefs or aprons were brought from his body to the sick, and the d iseases left them and the evil spirits went out of them. Then some of the itinerant Jewish exorcists took it upon themselves to call the name of the Lord Jesus over those who had evil spirits, s aying, We exorcise you by the Jesus whom Paul preaches. Also there were seven sons of Sceva, a Jewish chief priest, who did so. And the evil spirit answered and said, Jesus I know, and Paul I know; b ut who are you? Then the man in whom the evil spirit was leaped on them, overpowered them, of that housenaked and wounded. This became k nown both to all Jews and Greeks dwelling in Ephesus; and fear fell on them all, and the name h ad believed came confessing and telling their d eeds. Also, many of those who had practiced magic brought their books together and burned them in the sight of all. And they counted up the o f silver. So the word of the Lord grew mightily and prevailed. THE US Coast Guard intercepted a total of 172 Haitian immigrants last week during two separate patrolsn ear the Bahamas. O n Tuesday, the Coast Guard Cutter Vigorous repatriated both groups to Cap Haitien, Haiti. While on patrol on Friday, November 18, a Coast Guard MH-60 Jayhawk helicopterc rew spotted an overloaded Haitian sail freighter near the Bahamas. The crew of the cutter Confidence was diverted and interdicted the sail freighter n orth of Punta Maisi, Cuba. T he Coast Guard said in a statement that crewmembers provided life jackets and safely disembarked 60 Haitians. The second group of immig rants was discovered by the C oast Guard during a patrol on Saturday, November 19, when the MH-65 Dolphin h elicopter crew spotted another overloaded Haitian s ail freighter. The crews of the Coast Guard cutters Northland and V igorous a rrived on scene and distributed life jackets to thep assengers. T he V igorous c rew e mbarked 112 Haitian m igrants. Once aboard a Coast G uard cutter, immigrants are provided food, water, sheltera nd basic medical care, the s tatement said. B y AVA TURNQUEST Tribune Staff Reporter a LONG ISLAND officials have issued an urgent plea to former residents and natives to invest in the islands future. Island officials are taking extreme measures to rejuvenate the islands anaemic e conomy through paid advertisements sponsored by its C hamber of Commerce and local government. The full page ads, headlined Long Islanders Come Back Home, identified more than 1 5 business opportunities based on consumer demand on the island. M ario Cartwright, chamber p resident, said: We recogn ise that we have to stop waiting for the government to do something and take the ini-t iative and try to stimulate the economy. The Long Island economy is in bad shape. We're hoping that there are Long Islanders out therew ho are retired or near retirement that have money set aside, who will hopefully seet he advert and think about g etting a second home or o pening a business. It could have a domino effect, bringing more people back. It takes people to grow a n island and grow the economy. There is demand for, among other things: a full service garage, an electrical retail shop, a farmers market, a beauty salon, a dentists office, septic tank p umping services and flights t o Great Exuma, according to the ad. The chamber, along with local government, launched a similar media campaign last year. While local investment is sorely needed, Mr Cartwrights aid, the greatest priority is the upgrade of the Deadmans Cay airport into an i nternational facility and port of entry. Owing to the unique n ature of the country, we m ust have multiple international airports. Layovers do not work, t ourists do not like connecting flights, he said. Great Exuma has had an international airport for 40y ears. When you offer that k ind of convenience, it has a positive impact. Eleuthera has three airp orts, two of which have d irect flights to South Florida. M r Cartwright added: Here on Long Island, we h ave been begging for our airp ort to be made a port of e ntry but they continue to d eny our request. Maybe if more people c ome back home, more peop le will lobby for changes. US COAST GUARD INTERCEPTS 172 HAITIANS DNAHITS OUT AT GOVERNMENT OVER MISSING $20M Call for investment for the future of Long Island M ARIOCARTWRIGHT, p resident of the Chamber of Commerce, has urged Long Islanders to invest in the islands future.


THE government is hoping that harnessing solar and winde nergy will help solve electricity problems throughout the archipelago. We are looking at renewa ble energy for the future of the Bahamas, particularly in the Exuma Cays, where the e nvironment is very sensit ive, said Phenton Neymour, State Minister for the Envir onment, during a visit to the renewable energy solar and wind farm on Over Yonder C ay. First of all in the Family Islands, renewable energy isf easible. When we approached the project from a financial standpoint, that isw here the encouragement is, M r Neymour said. The $6 million project on Yonder Cay, a two-square m ile island north of Staniel C ay, Exuma, has been deemed a success. One of the things we did was lower the duty rates on renewable energy and equipm ent, so that was an investment there and encouraged the project from a financials tandpoint, said Mr Neymour. He said the project is e xpected to have paid for i tself in five to six years. Powering the small developing island are three perman ent magnet wind turbines and a field of solar photovoltaic panels that are con-n ected to a 540-battery backup system. Managed through a comp uter monitored by a compan y in Malaysia, the system is designed to guarantee an uninterrupted supply of elect ricity. LOCAL NEWS PAGE 6, THURSDAY, NOVEMBER 24, 2011 THE TRIBUNE MINISTER OF STATE for the Environment Phenton Neymour talks to Mike MacGuire, the projects renewable energy engineer at Over Yonder Cay.. SOLARPANELS and wind turbines at Over Yonder Cay. Harnessing the elements


LOCAL NEWS THE TRIBUNE THURSDAY, NOVEMBER 24, 2011, PAGE 7 STUDENTSfrom CV Bethel Senior High Schoolr ecently visited RBC Royal B ank to give thanks for R BCs ongoing support of their school. The group of 80 11th and 12th grade Honour Roll stud ents comprised the top stud ents in the public school system. For the past three years, the s chool has been the most outstanding public school in the Bahamas, with students scori ng the highest grades in the B GCSE examinations. The s chool has had the largest number of exam candidates a cross schools in the Bahamas. C V Bethel achieved 133 A s, 213 Bs and 413 Cs in the 2 011 BGCSE exams. Of their students, 55 sat 5 B GCSEs or more with C or better grades and seven students passed nine subjects with all As and Bs. T he students attribute their success to their hard work, focus and the dedi c ation of their teachers. T hey especially thanked RBC for its ongoing invest ment in their education that h as also contributed to their s uccess. During the visit, Nathaniel B eneby, Jr, Market President and Head of Personal Banking, gave a heart-warm ing account of his 38-year journey as an RBC employ-e e. M r Beneby Jr also congratu lated and encouraged the students to follow their dreams and maximise their potential. T he students in turn a warded Mr Beneby with a plaque and expressed their thanks. T he climax of the visit was RBCs surprise donation of $5,000.00 toward a new s chool bus. T he school and students h ave been raising funds for a bus for some time and RBC w as proud to assist them given their outstanding academic performance. T he gift was thankfully a ccepted by Mrs Eulease Beneby, Principal. Today w as a profound and rewarding experience for our honour roll students. We look forward to a c ontinued partnership with Royal Bank and thank you for your continued focus on e ducation, she said. Students visit bank to offer thanks N ATHANIEL BENEBY, R BC Market President, The Bahamas, Cayman and Turks & Caicos Islands accepts a plaque of appreciation on behalf of RBC. STUDENTS of C V Bethel take time for a photo at Royal Bank House after their courtesy call.


ANEW litter prevention campaign has been launched b y a non-profit organisation a t the CW Sawyer Primary School aiming for a cleaner, greener campus. T his week, executives from the Ethan S Bain Environmental Health Foundat ion donated five large trash b ins, making good on their promise to assist the schools environmental clubc reate a clean, litter-free zone at the Yellow Elder campus. A ccording to Jacqueline B ain, the founder of the ESBEHF, the foundations goal is to promote environm ental awarenessa passion of the man whose legacy is at the heart of the organisa-t ion. My husband had a passion for the environment and for young people. He wanted allB ahamians to understand the role they played in keeping our country clean and oure nvironment healthy, Mrs Bain said. LOCAL NEWS PAGE 8, THURSDAY, NOVEMBER 24, 2011 THE TRIBUNE A cleaner, greener campus FROM LEFT, Constance Saunders, principal, CW Sawyer; Philaseta Williamson, teacher and environmental club co-chair; Wesley Strapp, PTA president; Laurenique Bowles, teacher and club co-chair; and Jacque-l ine Bain, founder of the Ethan S Bain Environmental Health Foundation.


LOCAL NEWS THE TRIBUNE THURSDAY, NOVEMBER 24, 2011, PAGE 9 The Mercedes-Benz C-ClassYour most enjoyable drive ever.The Mercedes-Benz C-Class is a pleasure tobehold offering a new interpretation of driving pleasure. Its taut lines lend it an air of effortless superiority while the wide radiator grille and distinctive rear section announce a vehicle with a real presence and dynamic personality. Few cars can compete with its ability to adjust so many facets of its character from the interior to the drive technology so quickly and precisely in response t oexternal conditions and your own particular needs. The key to this flexible response is the standard-fit Agility Control Package which includes selective damping. The interior offers noticeably more space and a more distinctive atmosphere tosuit your taste. As you will see, the C-Class is the perfect embodiment of the Mercedes-Benz philosophy.Tyreflex Star MotorsWulff Road, P. O. Box N 9123, Nassau, The Bahamas, Tel 242.325.4961 Fax 242.323.4667OUR PARTS DEPARTMENT IS FULLY STOCKED WITH EVERY COMPONENT NECESSARY TO ENSURE THAT YOUR MERCEDES RUNS TROUBLE FREE. TRAINED TECHNICIANS ON DUTY. T HREE men are assisting police in their investigationsi nto a double shooting at The Mud in Abaco. Two men, ages 26 and 36years-old, were shot near ab asketball court after they were approached by two men armed with handguns. The gunmen shot in the direction of the victims, hitt ing one in his groin and the other in his leg. T he gunshot victims were taken to hospital for initialt reatment and then airlifted to Nassau where they remain, in hospital, in stable condition. Another man was gunb utted by the gunmen before they escaped shortly before 1pm on Sunday. The victim was taken to the local clinic where he was treate d and discharged. Assistant Superintendent C layton Fernander said police were still trying to piecet ogether the details of the shooting. We have three persons being questioned at this time.. .they are from that area (The Mud). Mr Fernander said it was too early to determine a motive for the attacks and c ould not say when anyone would be charged in connect ion with the incidents. He also could not confirm if t he men involved in the attack are of Haitian descent or if they were known to police before the shooting. P olice are investigating and appealed to the public for information on this crime. Anyone with information is urged to contact police on 919, o r Crimestoppers anonymously on 328-TIPS. Three quizzed over shooting By DENISE MAYCOCK Tribune Freeport Reporter FREEPORT A 19y ear-old man outfitted with an electronic monitoring ankle bracelet went before Freeport Magistrates C ourt on Wednesday accused of tampering with the device. Alexander Sweeting, who w as on bail in connection w ith a previous matter, was charged in Court Two before Magistrate Andrew Forbes with breach of his bail conditions. H e was also charged with one count of attempted housebreaking and one c ount of housebreaking. Sweeting pleaded not guilty to the charges and was remanded to Her Majestys Prison, Fox Hill, until April2, 2012. MAN ACCUSED OF BAIL BREACH




LOCAL NEWS THE TRIBUNE THURSDAY, NOVEMBER 24, 2011, PAGE 11 constituency, which may be created if leaked recommendations are approved by parl iament. A ccording to the report prepared by the Boundaries Commission, Mr Gibsons current seat was slated to be cut along with Clifton and Eight Mile Rock. If approved the move would bring thet otal number of seats for the 2012 general election down from 41 to 38. Last night, Mr Gibson said the party has presented himw ith some plans; however, he d id not want to pre-empt the parliamentary debate. identification of Bishop F rasers voice by the victims mother, aunt, and a family friend during a phone call to t he girl while she was in their presence. The victims relatives also a lleged that Frasers wife had identified his voice in sexual-ly explicit voicemails left on t he girls phone. Mr Mangra questioned the validity of the phone calls and messages. He stated: None of those documents were verified ofa uthenticity. Mr Mangra also said the sexual encounters describedb y the victim are contradictory, having inconsistentd ates which result in an usua lly high frequency of occurrences, both at the home of t he accused and the church o ffice. Mr Williams told the court that the dates and frequency o f the encounters dont matter as belief of only one is n eeded for a conviction. A ccording to evidence, s emen was found on the rug i n Bishop Frasers office, w hich he claims resulted from s ex with his wife. Bishop Frasers wife, Jacqueline Fraser, corrobor ated his account, stating they sometimes spent the night in his office during power out-a ges, as the church had a generator. There, they were intimate. T he prosecution stated t hese claims were made up. Mr Williams had also reminded the court of the vict im having intimate knowledge of the accuseds house, including a bedroom and bal-c ony. Bishop Fraser initially denied having a balcony, onlya dmitting to it after phot ographs were shown confirming its existence. Magistrate Carolita Bethel, who is responsible for handing down a verdict, appeared frustrated at last months proceedings by the numerous delays. This case has been pending a long while, at some pointI have to have a cut off, she told the court. If convicted tomorrow, Bishop Fraser faces up to seven years in prison. However, Supt Dean said in this case the police chosen ot to publicise the investig ations because police were still putting the pieces together. This was a sensitive matter and we had to handle it carefully. We did not have hardi nformation so we could not d isseminate the information until we got hard facts. We are still investigating and Bridgewater is assisting in those investigations. As soon as we put all the pieces together we are hoping it works out the way we want it to, he said. According to well-placed police sources, Bridgewater was arrested after allegedly attempting to kidnap two students a boy and a girl from C armichael Primary School two weeks ago. The students managed to escape and reported the incident to their parents whow ent to Carmichael Road police. Police are also questioning Bridgewater in connection w ith the attempted robbery and rape of a woman. Sources said he allegedly attempted to rob and rape the w oman at knife-point as she w as walking home earlier this week. The woman allegedly f ought back and cut him on h is hand with his own knife before escaping. She also reported the matter to Carmichael Road police. S ources said while at the station the woman recognised Bridgewater's photo on a wanted poster and identified him as the man who allegedlya ttempted to rape and rob her. Bridgewater was convicted in 2007 for the rape of a s ix-year-old girl. He was released September 11, 2011, one day before the fifth anniversary of his crime. B ridgewater was released a fter time served. He was originally sentenced to 10 lashes with the cat-on ine-tails and seven years in p rison, but the flogging was overturned on appeal. f f r r o o m m p p a a g g e e o o n n e e f f r r o o m m p p a a g g e e o o n n e e f f r r o o m m p p a a g g e e o o n n e e VERDICT EXPECTED IN SEX TRIAL OF BISHOP A THLETE TO BE FNM CANDIDATE Police continue to quiz child rapist


T HE UNION representing College of the Bahamasf aculty is upset over the number of vacant posts in the institutions administration. In a statement issued yesterday, the Union of Tertiary Educators of the Bahamas ( UTEB) noted that although a new college president was c hosen in January 2011, a number of other key positions remain empty. According to the union, these include: Executive vice-president a statutory post. Vice-president of academic affairs in charge of all academic matters in the college, including course devel-o pment, faculty postings, and student academic concerns. Vice-president of r esearch, graduate prog rammes and international relations, a post which UTEB says has been abolished. Vice-president of outreach, another post the union says has been abolished. Dean for the School of Business a post the union says has been held by ani nterim dean for a year and a half. Dean for the School of S ocial Sciences and Education a post the union says has been held by an interim dean for almost six years. Dean for the Culinary Hotel and Management Instit ute. The institute has also b een without an executive director for almost a year and a half, according to the union. T he UTEB statement said: Eighteen months after the d eparture of (former d ent Janyne Hodder, and a year after the departure of the i nterim president Earla Carey-Baines, current President Betsy Boze and the College Council continue toa noint persons in interim positions and this has happ ened even though several search committees have been set up to supposedly find t he best candidate for the position, which in some instances they have. The result of this missing l ayer of administration is the miscellaneous appointments of persons to act in these posts. There is neither transparency nor accountability a nd this is impacting upon the work of faculty, staff and stu dents at the college. We know that the college belongs to the Bahamianc ommunity and therefore ask a ll to be concerned about the general direction the college is taking and the lack of advanc-i ng the national needs of our c ountry. LOCAL NEWS PAGE 12, THURSDAY, NOVEMBER 24, 2011 THE TRIBUNE UNION UPSET OVER VACANT POSTS


LOCAL NEWS THE TRIBUNE THURSDAY, NOVEMBER 24, 2011, PAGE 13 AS PART of its overall sponsorship of the 2011 Bahamas International Film Festival, RBC Royal Bank is sponsoring 20 students from t he College of the Bahamas to attend master classes in acting and directing. T he classes will be held during the festival, on December3 and 4, from 1.30pm to 4.30pm in the Aries Conference Room at the Atlantis Resort. Enabling students to part icipate in these master classes ties in with RBCs broader interest in supporting emergi ng artists in a wide range of artistic fields, said Nathaniel B eneby, Jr, RBC market president for the Bahamas, C ayman and Turks and C aicos. Not only are artists important to creating vibrant com-m unities, the filmmaking industry is one that has the potential to contribute significantly to the economy of the Bahamas. By supporting students w ho are just entering this f ield, we ensure that we develo p the talent needed to fuel this industry. The master class in acting will be held on December 3 a nd will feature a three-hour interactive demonstration, including opportunities fora ttendees to participate in scene studies with a camera and actors in a studio setting. The master class in directing, scheduled for December 4 will also feature a threehour interactive session and w ill give aspiring directors the c hance to learn the nuts and b olts of directing. This class will be taught by c ritically acclaimed direct or/screenwriter/producer Jor dan Walker Pearlman. Raised in New York City, Pearlman is the co-principal of production company CinEsssence. H is upcoming projects include the Broadway musical Bricktop and a featurel ength film D awana which tells the story of America andA frica through the eyes of a young female diplomat. We are pleased to offer these master classes in conjunction with RBC, said L eslie Vanderpool, founder and executive director of BIFF. These classes are one m ore way were engaging new, local talent in the film i ndustry. We encourage anyone in the community who has a n interest in acting or directi ng to attend these classes. T he master classes are open to the public at a cost of $25p er class. More information is available at Bank backs filmmakers of tomorrow By LAMECH JOHNSON l A MILLENNIUM Gard ens man was arraigned in M agistrates Court yesterday in connection with an armed robbery last month in which a $ 54,000 was stolen. Timothy Rolle, 22, was charged before Deputy Chief M agistrate Carolita Bethell with robbing a man of his car, watch, cell phone and cash onM onday, October 10. The prosecution alleges that Rolle, while armed with a handgun, robbed AntonneB rooks of his White Mercedez Benz, his BlackBerry p hone, a Rolex watch and $2,700 cash. The car is said to be valued a t $41,000 while the phone and watch are reportedly valued at $4,790 and $9,800r espectively. Together, the s tolen goods are valued at $ 54,290. T here are 10 witnesses list e d on court dockets. Deputy Chief Magistrate Bethell informed the accusedt hat he was not allowed to enter a plea to the charge due to the nature of theo ffence, and was ineligible for bail. The case was adjourned to Wednesday, December 7. B efore the accused was arraigned on this matter, he and four others were chargedw ith two counts of firearm possession with the intent to endanger a life. I t is alleged that Rolle; C ordero Smith, 19; Tristian R olle 24; Jeffery King, 25; and a minor, assaulted Delmar S eymour and Harvin Curtis with a firearm on Sunday, November 20. T he accused all plead not guilty to the charges and Smith, Tristian Rolle, Kinga nd the minor were granted bail on the basis that they had no other pending matters before the courts. MAN IN COURT OVER ARMED ROBBERY


LOCAL NEWS P AGE 14, THURSDAY, NOVEMBER 24, 2011THE TRIBUNE Enriched Pre-sifted Proven For all your baking needs, trust Distributed byThe dAlbenas Agency Ltd, Tel: 242-677-1441 Madeira St, Palmdale WANTEDSales Persons3 years Experience, Computer L iterate, Works well with others Forward Resume with References and Police Record to: wasnt even ringing anymore. I began to get really worried when it was time to pick the kids up from school and she didnt get them. She didntc all for someone to pick them up, nothing. She is a great mother. I know for her not to get them means she cants omehow. Anyas aunt, Beverly Laramore, said the family is h olding on to hope that she was just kidnapped and not harmed. We believe someone is holding her and we just want them to let her go. She has two young girls, a 3-year-old and a one-year-old, who need h er and love her. Please, if you have her, j ust let her go. Please think a bout us, her family, we love her and her children need her h ome. M s Laramore said her fami ly has filed a missing persons report at the Carmichael Road police station and police have been very helpful in assisting the family. Anyone with information o n Anyas whereabouts are asked to contact police at 911 or 919, the Central Detective Unit at 502, 9991 or Crime Stoppers anonymously at 328TIPS. H er family can be contacted at 467-7533, 464-9221 or 4 36-8952. A CP Ferguson could not say if the robber was captured on any hotel surveillance video. Up until last night, no a rrests were made. L ast night, a Sandals s pokesman said the visitors were unharmed during the brief hold up. He said: The guests were unharmed and the intruderl eft with some valuables. T he spokesman added that the safety and well-being of guests at Sandals is paramount. This was a very unfortunate and isolated incident, a nd we are doing everything we possibly can to support t he aforementioned guests and ensure that they enjoy t he remainder of their vacation. Emerald Bay sits on 500-acres of land and was formerly operated by the Four Seasons ResortG reat Exuma, at Emerald Bay. I t was owned by Emerald Bay Resort Holdings, a collection of investors, who ran into financial difficulties, forcing the prop-e rty to go into administration with receivers being called in. Sandals Resorts International purchased the property in 2009. GUNMAN BREAKS INTO HOTEL ROOM f f r r o o m m p p a a g g e e o o n n e e f f r r o o m m p p a a g g e e o o n n e e Court witness in kidnap fear Please, if you have h er, just let her go. P lease think about us, her family, we love hera nd her children need h er home. Anys aunt, Beverly Laramore


INTERNATIONAL NEWS THE TRIBUNE THURSDAY, NOVEMBER 24, 2011, PAGE 15 WANTEDSR. RESERVATIONISTResponsibilities: Maximize occupancy and avoid overbooking as much as possible; Prepare arrival and departure list; Prepare daily and weekly projections; documentations; Prepare necessary reports; Assist with The ability to cope under p ressure with focus on customer services is essential to Experience: Previous experience with reservations and Education : The ideal candidates should, possess an associates degree or related hospitality management Interested candidates should submit resumes no later than Friday, December 2, 2011 to:n A NEW-LOOK branch of Commonwealth Bank has opened as part of the Cable Beach redevelopment. The branch, which opened f or business on Monday, is l ocated at the southern end of the new Commercial Village. Ian Jennings, president of Commonwealth Bank, said the relocation is part of a new chapter for Cable Beach. We are pleased to be involved with the re-development of Cable Beach. Fora lmost 20 years, Commonw ealth Bank has served western New Providence by providing service excellence to residents, businesses and the neighbouring hotels, he said. Commonwealth Bank opens new Cable Beach branch FROM LEFT, William B Sands Jr, executive chairman, Commonw ealth Bank; Tom Dunlap, executive vice president of development and construction, Baha Mar; Earla Bethel, chairman of the premises comm ittee, Commonwealth Bank; Don Robinson, president of Baha Mar; I an Jennings, president of Commonwealth Bank.


S AN JUAN, Puerto Rico Associated Press While the Caribbean anticipates another surge in visi-t ors this winter, officials warn that the amount tourists s pend while on vacation likely will decline. That expected drop in expenditures is a concern for Caribbean tourism officials, who said an increase in visit ors might not offset the loss o f revenue. The bodies are traveling, obviously, but the spending is clearly impacted, said Josef Forstmayr, president of the Caribbean Hotel & TourismO rganisation. The larger d estinations have it a little easier. They have more resources, they get better airlift, they have better products. T he economic crisis forced p eople to postpone their vacations for a few years, and while demand for travel has risen, tourists will not be able to afford much, said Evridiki Tsounta, an economist witht he International Monetary F und. The IMF has encouraged the Caribbean to diversify and seek other tourism markets, especially in Latin America, w here the economy has been r ebounding, she said in a phone interview. Given that both the US and the UK are not faring very well, and the outlook is not very rosy moving for-w ard, it will be hard for things t o revert quickly, Tsounta said. Spending is tight amid the ongoing economic crisis, and tourists are cutting back on transportation, food ande ntertainment, said Winfield G riffith, research director for the Caribbean Tourism Organisation. Visitors, especially repeat ones, are increasingly choosi ng to board public buses instead of hailing taxis to visi t popular attractions, and they are buying food and liquor at supermarkets instead of eating out, he said. They also are booking outi ngs through small, local opera tors instead of relying on hotels or buying pricey packages, Griffith said. They know the drill, he said. In Barbados, for instance, you can pay $2 byp ublic transport to go anyw here in the country. To go around the country by taxi would probably run you in the neighborhood of $150. That's a massive difference. Last year, tourists across t he Caribbean spent $22.3 bill ion, compared with a record $27 billion spent in 2007, said Sean Smith, statistics specialist with the Caribbean Tourism Organisation. T he biggest drop in expenditures in the last decade was r eported in 2002, with $18.9 billion spent, he said. Even with falling expenditures, Caribbean countries such as the Bahamas, St Lucia a nd the Dominican Republic a nnounced a record number of visitors last year. Tourism officials hope to surpass the more than 23 million visitors reported last year this winter season. R egistration for the C aribbean Marketplace, the regions largest marketing event that will be held in the Bahamas in late January and aims to create vacation packages, is up by nearly 50 per-c ent compared with last year, F orstmayr said. We expect a strong winter, he said. Overall bookings from all the islands are up from last year. N ew routes announced by the airline JetBlue from Puert o Rico to St Thomas and to St Maarten also could bring additional visitors, said Gilda Gumbs-Samuel, executive director of the Anguilla Hotel and Tourism Association. A nguilla, in the eastern C aribbean, saw a record doub le-digit increase in tourists l ast year, the only place in the region to see such growth. But A nguilla is accessed only through St Maarten. Thats a bit of a hind rance, said Gumbs-Samuel. Some people like a direct airlift. The cruise ship industry also promises to draw in thousands of tourists this winter, said Carolyn Spencer Brown,e ditor in chief of Last winter, cruise lines w ithdrew their ships from the Caribbean and placed themi n the Mediterranean, hoping t o attract a wealthy European m arket. That was a radical experi ment, and it failed, Spencer B rown said. So the ships are back in the Caribbean thisy ear. Puerto Rico, a cruise-ship h ub, anticipates a 20 percent increase in visits, bolstered by the new arrival of the Celebrit y Silhouette line that is expected to generate $3.6 mil lion in revenue during the w inter season. INTERNATIONAL NEWS PAGE 16, THURSDAY, NOVEMBER 24, 2011 THE TRIBUNE WANTEDA Major Hotel has a vacancy for anASSISTANT ENGINEERR esponsibilities includes: Operations N o later than Thursday, 8th December, 2011 More visitors but less money


B y NATARIO McKENZIE Tribune Business Reporter R EMITTANCES are big business in the Bahamas, the head of a local money transfers ervice told Tribune Business y esterday, hailing his companys recent alliance with an aggressive Jamaican provider as enhancing its international visibility. Its a huge business, the n umbers are huge, Went worth Musgrove, general manager of Cash NGo told Tribune Business yesterday. I dont have the exact numbers, but I can say remitt ance is the biggest contribut or to Haitis GNP. A large portion of that comes from the Bahamas. That goes to telly ou that the remittance busin ess is huge. A lot of Jamaicans and Haitians come here because of economic hardship and they send their money back home. We have $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $5.19 $5.19 $5.17 T HETRIBUNE SECTIONB business@tribunemedia.netTHURSDAY, NOVEMBER 24, 2011 CHRONOMAT BREITLING.COM CH RO NOMA T PURE PERFORMANCE PURE BREITLING n t t r r t t b b ++$*++$#-# &)" ,,,)" ( t-2"" """ t t r r f f t t f b& ) !#%+0 $r22",rrnbttt ++$*'$''+ )" B y NEIL HARTNELL T ribune Business Editor TWOBahamian brothers yesterday said they had created a masterpiece in our Bahamas through the $9 million investment in their newly-completed5 2,000 square foot Quality Home Centre, a project that has created between 80-100 jobs. Trevor Davis, who together with his brother, Don, a lso owns and operates the Mackey Street-based Q $9M MASTERPIECE CREATES 100 JOBS Q Club owners expand with 52,000 sq ft C armichael store aiming to be one stop shop New location 6-7 times larger than Mackey Street, and SKUs jump from 4,900 to almost 20,000 Experience to match a Wal-Mart or Target Likely expansion to Family Islands in near future SEE page 8B By NEIL HARTNELL Tribune Business Editor THE BAHAMASis in an enviable position through being ranked fifth int he Caribbean when it comes to tourisms share of the o verall economy, a senior hotel executive yesterday describing the sector as thisn ations linchpin for the foreseeable future. R esponding to an economic impact assessment produced by the World Travel & Tourism Council ( WTTC), Robert Sands, B aha Mars senior vice-presi dent of governmental and external affairs, told Tribune B usiness that both the Gov ernment and private sector were focusing on several keyi ssues to shore up the i ndustrys competitive posit ion. The WTTC report said that for 2011, tourism was set to generate $3.598 billion for t he Bahamian economy, a ccounting for 47.4 per cent of this nations projected g ross domestic product (GDP cast to decline slightly, to 47.2p er cent, in 2012, although i ts contribution in gross terms will increase to $3.731 billion. By NATARIO McKENZIE Tribune Business Reporter T HEBahamas Telecommunications Company (BTC has more than 1,100 points of presence for its EZ TopUp c ellular minutes business, its spokesperson told Tribune Business yesterday, adding that the uptake has met the companys expectations. ENVIABLE 47% GDP SHARE PUTS BAHAMAS FIFTH WTTC findings confirm tourism economic linchpin for foreseeable future Moves to shore up sector that generates 55% of all Bahamian jobs Baha Mar to raise the bar and standards for all SEE page 9B ROBERTSANDS BTC CELLULAR TOP-UP POINT S GROW TO 1,130 S EE page 9B TRANSFER PROVIDERS ONE-STOP SHOP GOAL BAF Global arm says Jamaican alliance will boost international visibility Cash NGo eyes Nassau expansion, as well as Abaco SEE page 9B


BUSINESS PAGE 2B, THURSDAY, NOVEMBER 24, 2011 THE TRIBUNE B y DEIDRE M. BASTIAN HAVEyou ever asked yourself: What on earth am I doing in this career path when I know that Ic ould be doing something l ess stressful and more fulfilling? Especially when there is always a chance you can pursue something that you love and still bec ompensated. Sounds like a plan? Well, graphic design is an industry that technically and creatively evolvesf aster than any other career path, in my opinion. Moreover, becominga graphic designer is a great dream, especially if you are seeking to be paidf or something you truly love. Despite this quest, even the best jobs havet heir ups and lows, even though you pour your h eart and soul into your work. In this context, designers play many roles, wear different hats and face many challenges daily.T hese include constantly h aving to learn new software, staying on top of trends, having work critiqued, and managing tight and strict deadlines. A s an extension of this discussion, I have asked a few graphic and web designers what they thought was the hardesta nd most challenging part of their career, and this is what they said: Time Constraints: Time constraints are a challenget hat weigh heavily on designers. In many industries that make use ofg raphic design work, such as the publishing sector, d eadlines are often tight. Producing quality work takes time, and rushing a project means it will undoubtedly be returned for multiple corrections,m aking deadlines even m ore ominous. The customer is always right: OK, theres actually no real right or wrongi n design because it is completely subjective, and thats part of the problem. And, because the client is paying the bills, theyt herefore have the final say. Designers may make decisions based on years of education and experience, but if the client is convinced that rain dropso n the sunshine is the right look for their logo, arguing will likely get you DESIGN SOLUTIONS FOR CREATIVE CONSTRAINTS A RTOF G RAPHIX DEIDRE BASTIAN SEE page 14B


By NEIL HARTNELL T ribune Business Editor Checkers Cafes proprietor has told Tribune Business his greatest hope is that I can inspire some other young person to start their own business, yet he warns all budding entrepreneurs: Its not going to be a s nice as you think. In an interview with this newspaper, Gus Cartwright gave a revealing insight into the potential highs and lows of a Bahamian businessmans life, and urged those looking to strike out on their own to seek advice from those who had a lready travelled the same path. If you travel from the Bahamas and are going into the mountains of Brazil, wouldnt you need a guide, Mr Cartwright asked, suggesting that self-starters seek all the counselling and resources necessary for their success. My greatest hope is that I could inspire other, younger persons out there to become an entrepreneur or become a businessperson within our community, the Checkers Cafe owner told Tribune Business. I would like to be an example to encourage other young Bahamians, people in the Bahamas, to take a chance to become an entrepreneur, selfemployed, but Id be the first one to tell you its not going to be as nice as you think its going to be. It does have great challenges, but has great benefits as well, because youre not under a glass ceiling, and are not controlled by it as well. Pointing out that the last pay cheque he had received, as an employee, was in 1973, Mr Cartwright recalled Checkers origins and how he quickly realised the need to bring in expertise to handle aspects he was unfamiliar with. I was in clothing for 10 years prior, so I had a good idea of how to survive, but I was dissatisfied with my position in clothing, Mr Cartwright recalled. Given that his late mother had worked in the food business for 30 years and was a great cook, and his wifes banking background meant she was good with accounts, Mr Cartwright said he realised he had a great formula for success, given his expertise on the front line and ability to relate to customers. Where I see weakness I bring in people, he told Tribune Business. A captain of the shop does not need to be the technical engineer, because then the ship will end up on the reef. I was driven by the fact I was self-employed, so from 1973 I never had a pay cheque, and saw the food business as a way to put my kids through college and pay for their education. That kept me grounded. If you want to be successful, you have to pay attention to the business, do this, go there, and we were very fortunate. Mr Cartwright said his BUSINESS T HE TRIBUNE THURSDAY, NOVEMBER 24, 2011, PAGE 3B NOTICE I N THE ESTATE OFWALTER JAMES DEAN late of No. 232 Golden Gates Estates Section II Subdivision i n the Southern District of the Island of New Providence one of the Islands of the Commonwealth of The Bahamas, d eceased. NOTICE is hereby given that all persons having any claim or demand against the above Estate are required to on or before the 18th day of January, A.D. 2012, after which date the Administratrix will proceed to distribute the assets having regard only to the claims to which she s hall then have had notice. A ND NOTICE is hereby given that all persons indebted to the said Estateare requested to make full settlement on o r before the date hereinbefore mentioned. MERIDIAN LAW CHAMBERS Attorneys for the Administratrix Chambers, P .O. Box N-168, E ast Bay Shopping Center, East Bay Street, Nassau, Bahamas. ENTREPRENEURS: ITS NOT AS NICE AS YOU MAY THINK B y NATARIO McKENZIE T ribune Business Reporter COMMONWEALTH Building Supplies (CBS employees for the Christmas period, its gen-e ral manager telling Tribune Business yesterday that its anchor store in the Southwest Shopping Plaza Carmichael Road had seen heavy consumer traffic in recent weeks. The last two weeks have been very positive, Brent Burrows said. I have seen a lot m ore traffic in the store, and were very excite d about the Christmas season. We hope that we see a lot more business in the next few weeks. We have a whole lot ofi nventory in, Christmas gifts, decorations and that kind of stuff. He added: We have seen a huge increase in the traffic coming into the Plaza. The feed b ack we are getting from our customers is the ease of shopping now in the Carmichael area, n ot just with the Southwest Plaza but with other people who have opened up locations in the Carmichael area, is making residents of the south-west quadrant appreciative that we have come down here and made this investm ent. The fact that the Carmichael Road area h as become more populated in recent years l ed to Commonwealth Building Supplies decision to establish a store in the area, according to Mr Burrows. Mr Burrows added: Were probably going to be creating between 10 and 15 jobs for the Christmas season, mainly on a part-time basis. Weve already interviewed a few peo p le. The store is situated in the $16 million S outhwest Shopping Plaza at the Blue Hill Road/Carmichael Road junction. The complex was built by CGT Construction, owned by the Treco family, which is also the foundera nd owner of Commonwealth Building Supplies. STORE MOVES TO ADD 10-15 PART-TIME JOBS Checkers Cafe owner gives guide to getting into business based on 40 years of experience SEE page 5B


BUSINESS PAGE 4B, THURSDAY, NOVEMBER 24, 2011 THE TRIBUNE ADVERTISEMENT FOR THE BAHAMAS GOVERNMENTTREASURY BILLS Sealed tenders for B$81,100,000.00 of 91-Day Treasury Bills will be received by the Banking Manager, The Central Bank of The Bahamas, Frederick Street, Nassau up to 3:00 p.m on Friday, November 25, 2011. Successful tenderers, who will be advised should take up their bills against payment on Tuesday, November 29, 2011. These bills will be in minimum multiples of B$100.00. Tenders are to be on special forms obtainable from the Central Bank of The Bahamas or Commercial Banks. Tenders must state the net price percent (in multiples of one cent) and should be marked Tender. The Central Bank of the Bahamas reserves the right to reject any or all tenders. ***************************************** By NEIL HARTNELL Tribune Business Editor IN A move to rebut assertions that he was asked to step down from the helm at the struggling City Markets food store chain, Mark Finlayson yesterday went public with a revised management structure for the company that confirmed several departures. In a letter to Philip Stubbs, executive chairman of the Securities Commission, Mr Fin layson disclosed that Benita Rahming had left her post as c hief executive of Bahamas Supermarkets, City Markets operating parent, and that confidential interviews he and his father, Sir Garet Tiger Finlayson, had conducted to find a replacement had resulted in assertions he, too, had been removed from the company. T he revised management structure released by Mr Finlayson, while showing that Ms Rahmings post has yet to be filled, also discloses that Philip Kemp has left the position of City Markets chief financial officer. His departure is something o f a surprise, given that he is a long-time colleague of Mr Finlayson and was part of the BK Group, together with the lat ter and Senator Jerome Fitzgerald, that attempted to acquire City Markets with a $50 million offer back in 2006. Mr Kemp has been replaced b y another long-time Finlayson colleague and confidante, Barry Newman, an accountant who serves as corporate secretary for Associated Bahamian Distillers and Brewers (ABDAB The City Markets managem ent chart still shows Mr Finlayson as president, with responsibility for the companys investment and corporate/legal affairs. His siblings, Nikki and Rae, are shows as executive vice-presidents who are heading the management team and responsible for dayt o-day operations. Explaining away his absence from the Bahamas, Mr Finlayson told Mr Stubbs: As November has always been one of our slowest months in the retail business, I am on my annual vacation in Europe. The letter sent on your behalf, by Ms Gaitor, shows there is confusion as to the role of the officers in Bahamas Supermarkets at the Commission; this despite the full page ads Bahamas Supermarkets took out in the daily newspapers upon the appointment of Benita Rahming as chief executive in January 2011. Philip Kemp was the CFO of Bahamas Supermarkets until September of this year, but never chief executive. Indicating that he was still in charge, and that assertions to the contrary were incorrect, Mr Finlayson added: I am sure this error springs from rumour and innuendo arising from the confidential interviews the directors (Sir Garet O. Fin layson / Mark Finlayson) have held with a candidate to replace Mrs Rahming as chief executive. Interviews will resume in December upon my return. On the surface, it appears o dd that interviews for such a crucial position will be delayed for a month until Mr Finlaysons return. On Monday, Tribune Business sources close to the situation said family patriarch, Sir Garet, had decided on the management/family shake-up d ue to concerns about how the Finlaysons' substantial investment in City Markets has fared during their first year in charge. "They asked him [Mark] to step down, and have given the stores to his other siblings," o ne source told Tribune Business. "The father's not only upset with the money, but the fact they've got into even deeper trouble. "They have not advanced their cause with the company. They've spent, spent and spent, and have nothing to show for it." City Markets' operating parent suffered a $16.587 million net loss for its 2011 financial year, a sum more than double the previous year's, prior to $15.453 million in 'extraordinary income' cutting the bottom line's red ink to $1.135 million. The $16.587 million net loss (befores extraordinary items is some 124 per cent ahead of the $7.808 million in red ink incurred during the final year of the ill-fated BSL Holdings reign. FINLAYSON REFUTES REMOVAL ASSERTIONS Says talk originated from interviews to find new CEO after Benita Rahming leaves On holiday in Europe due to quiet time for retail Barry Newman replaces Phil Kemp after latter departs as CFO


Asa H. Pritchard has signed an agreement wih A rmaly Brands, the USbased manufacturer and marketer of polyester-based sponges, including the Estracell More Sanitary technology, to distribute the compan ys products to the B ahamas. T he deal will see Asa H. Pritchard offer 17 Armaly Brand products, including Brillo, Armaly ProPlus, and A utoShow, as Armaly B rands returns to its B ahamian roots. The company began in the Bahamas more than 100y ears ago in the early 1900s, when W.J. Armaly began harvesting, processing and shipping natural ocean s ponges around the world. When his son John W. Armaly emigrated to the US, h e opened a packing plant on Iron Street in Detroit and began selling natural sponges, marking the birth of the Armaly Sponge Company in the United States. Armaly Brands was born m ore than a century ago in a s mall village in the Bahamas, and from those humble beginnings has grown to be an industry leader offering a c ollection of cleaning produ cts used every day by mill ions of consumers, said John Armaly Jr., president of Armaly Brands. Asa H. Pritchard is a great company,and we are looking forward to working together to make Armaly B rands products available once again to consumers in the Bahamas. A nieka Hanna, marketing manager of Asa H. Pritchard, added: It is also indeed a pleasure to be a part of reintroducing Armaly Brands back to the Bahamas, where i t was started over a century a go. A sa H. Pritchard has represented quality and leading brands for years, and Armaly Brands is no exception to this f it. A sa H. Pritchard, which w ill celebrate its 90th anniversary this year, represents and distributes in theB ahamas brands such as P&G, Unilever Best Foods, Rivana, JM Smuckers, Heinz, Libbys, and Conag ra. BUSINESS T HE TRIBUNE THURSDAY, NOVEMBER 24, 2011, PAGE 5B 7 KH 6KHUDWRQDVVDX%HDFKHVRUWURRPUHVRUWIHDWXULQJVHYHQDFUHVRI VSHFWDFXODUZDWHUVFDSHULYDOHGRQO\E\WKHFXOLQDU\GHOLJKWVVHUYHGLQLWVUHVWDXUDQWV FXUUHQWO\VHHNVWRKLUH 'LUHFWRURI)RRGt%HYHUDJH LUHFWDQGRUJDQL]HWKH)RRGt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t$ELOLWLHV 0XVWEHDEOHWRVSHDNUHDGZULWHDQGXQGHUVWDQGWKHSULPDU\ODQJXDJHVf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t([SHULHQFH +LJKFKRRORUHTXLYDOHQWHGXFDWLRQUHTXLUHG%DFKHORUV'HJUHHSUHIHUUHG 6HYHUDO\HDUVH[SHULHQFHLQRYHUDOO)RRG%HYHUDJHRSHUDWLRQDVZHOODVPDQDJHPHQW H[SHULHQFH&XOLQDU\VDOHVDQGVHUYLFHEDFNJURXQGUHTXLUHG 4XDOLHGDSSOLFDQWVDUHLQYLWHGWRDSSO\DW ZZZVKHUDWRQMREV 1RWH$OOLQIRUPDWLRQZLOOEHKHOGLQVWULFWHVWRIFRQGHQFH 'HDGOLQHIRU DOODSSOLFDQWVLV 'HFHPEHU QG US GOLD LTD IS NOW BUYING SILVERUS GOLD IS ALSO GIVING AWAY CASH PRIZES THIS CHRISTMAS!!!Come into out Robin Hood or Marathon Mall location, comp lete a transaction and receive a ticket to win GOLD HARD CASH r ight in time to do your Christmas Shopping.We are not a pawn shop!We are the highest paying gold and silver buyers in the Bahamas! W e have several covenant locations to serve you: Robin Hood 431-3847 B ay Street 445-7427 Marathon Mall 431-3847 V illage Road 428-8366 Carmichael 434-0802Remember No One Pays More!The Management & Staff of US GOLD LTD would like to wish all o f their clients a Merry Christmas and a prosperous New Year. SPONGE MANUFACTURER RETURNS TO BAHAMAS ROOTS AFTER 100 YEARS daughter had been educated in the food business, having himself encouraged her to work for two years at Boston Market in the US following college. Immersed in the business, shenow runes Checkers management and day-today operations at the four-strong restaurant chain. Explaining how successful entrepreneurs saw things others did not, spotting the possibilities, analysing the risk/reward merits and thinking out of the box, Mr Cartwright told Tribune Business theres a certain gut feeling you have when the right opportunity presents itself, regardless of what the data may suggest. He also warned Bahamian entrepreneurs from throwing caution to the wind and blindly pursuing their dreams, rather than assessing whether consumers needed their products/services. Some of us invest in what we want, rather than what the area needs, Mr Cartwright explained. Thats a dream of owning a busi ness, rather than what is needed. Emphasising the need for hard work and good planning, he added: A lot of people dont seem to understand that when you see someone like myself, this has been going on for 40 years, and its not going to happen overnight. People believe they can jump up and start from nothing, though Im sure theres a lot of smart people out there who could do it a lot faster. The Checkers proprietor also urged entrepre neurs not to raise prices out of reach of their customers. He pointed to Checkers staple chicken dinner, which at the start in 1989 was sold for $2.50, and is now $7.50 for chicken, rice and twoside orders. If you consider that, the price has only dou bled in 22 years. Thats not bad. I dont know how many people in the food business can brag about that. That is pretty outstanding, Mr Cartwright told Tribune Business. Lets face it; its challenging these days.... Ive told people I made more money when people spent a dollar, whereas they now spend $3. And not everyone is cut out to be an entrepreneur. Winston Rolle, the Bahamas Chamber of Commerce and Employers Confederations (BCCEC Telecommunications Company (BTC were leaving the company as part of the post-privatisation downsizing, were stunned to hear him deliver this message at a seminar designed to prepare them for live after BTC. I think I shocked a lot of people by the first thing I said, he recalled. I said that you have a lot of money in your pocket, a lot of you want to use this to go into business, but the reality is some of the people in this room were never meant to be in business. Mr Cartwright echoed this, suggesting the former BTC employees do nothing with their cash pile for six months-one year. People intending to go into business should seek some advice from people that were there, he added. I have people come to me after the fact, after they got themselves in trouble. I would rather keep the ship off the rocks, rather than after youve grounded the ship and wrecked it. Last week I met with two people who had a good idea, but no clue as to where they were headed. Mr Cartwright explained that they had not started their business within the confines of the law, meaning there was no Business Licence or any other required government approvals. My business is to make sure my business operates within the confines of the law, and if problems arise I do not have a leg to stand on. Mr Cartwright also urged Bahamian small businesses and entrepreneurs to stay in touch with their local communities and be prepared to donate to charities, adding that such generosity would be rewarded in terms of the positive publicity generated. This is what I tell small businesses; you cant be selfish, you cant afford to be selfish, he explained. That human element has to remain in our society. Its the right thing to do. Do as much for charity as you can, and they will start calling your name. FROM page 3B ENTREPRENEURS: ITS NOT AS NICE AS YOU MAY THINK Signs distribution deal with Asa H. Pritchard


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n tbf EMPLOYMENT OPPORTUNITYMessenger/Clerk(Males Only Need Apply) Duties Requirements MUST FAX: 377-1366. ADVERTISEMENT FOR THE BAHAMAS GOVERNMENTTREASURY BILLS S ealed tenders for B$81,100,000.00 of 91-Day Treasury Bills w ill be received by the Banking Manager, The Central Bank o f The Bahamas, Frederick Street, Nassau up to 3:00 p.m on Friday, November 25, 2011. Successful tenderers, who will be advised should take up their bills against payment on Tuesday, November 29, 2011. These bills will be in minimum multiples o f B$100.00. Tenders are to be on special forms obtainable from the Central Bank of The Bahamas or Commercial Banks. Tenders must state the net price percent (in multiples of one cent) and should be marked Tender. The Central Bank of the B ahamas reserves the right to reject any or all tenders. ***************************************** NOTICE BAYARCAL INTERNATIONAL LTD. I n Voluntary Liquidation Notice is hereby given that in accordance w ith Section 138(4the International Business CompaniesAct. 2000, B AYARCALINTERNATIONALLTD. is in d issolution as of November 22, 2011. I nternational Liquidator Services Inc. C oney Drive, Belize City, Belize is the L iquidator. _____________________ WESTERN AIR is focusing on opening its terminal and maintenance facility in Grand Bahama, as the airline cele-b rates its 10th year in operat ion this November. W estern Air executives said they will concentrate their efforts on opening their 8,400 square feet terminal and the 16,800 square foot mainte-n ance facility at the Grand B ahama International Airport. Chief executive Rex Rolle said: The long-term plan is the expansion of routes to the Caribbean and US from our new Grand Bahama hub. Wew ill relocate our headquarters a nd main maintenance facility from San Andros to Grand Bahama, and this new facility at GB International Airport will become Western Airs new headquarters and maintenance facility. Currently, Western Air offers several daily servicesb etween Nassau, Andros, G rand Bahama, Bimini, M arsh Harbour and Exuma. The airline also provide corporate and tourist charters throughout the Bahamas and international destinations int he Caribbean and South F lorida. We are a growing business, but our success has been because of our incredible local support, Mr Rolle said. Just like we did when we startedw e will work with groups to h elp get the people to their events we love supporting local regattas, Junkanoo festiAIRLINE FOCUSES ON GB FACILITY S EE page 7B P ICTURED a t the home base in San Andors are CEO Rolle with local Andros staff.


BUSINESS T HE TRIBUNE THURSDAY, NOVEMBER 24, 2011, PAGE 7B Employment Opportunity Crane MechanicsREQUIREMENTS: Or NO CALLS PLEASE vals, you name it. Western Air celebrates 10 years of airline service in the Bahamas this November. Thea irline, which began with a C6-Rex plane, n ine employees and one route from Nassau to San Andros, has since transformed into a national airline service with 36 daily flights, eight routes, 116 staff and a fleet of 10 airplanes. When we started the airline there was inadequate and unreliable air transport services on the routes and areas we currentlys ervice now, Mr Rolle said. We saw an opportunity to service these markets by basing an aircraft in these islands, and we concentrated on providing reliable, on time, efficient and safe service at an affordablep rice. FROM page 6B A IRLINE FOCUSES ON GB FACILITY BELOW: Pictured is one of Western Air's planes, preparing to be boarded at the San Andros base of o perations, Andros. ABOVE: Pictured is Western Air's current Passenger Terminal and Fixed Based Operation, located at the San Andros Airport, Andros.


C lub, told Tribune Business their new Carmichael-basedv enture was intended to take their product to the people, providing a one stop shop for all home needs. The new store, located at t he Carmichael Road/Blue H ill Road junction next to the Southwest Shopping Plaza, is set to open this Friday with some 20,000 stock keeping units (SKUs than fours times as many ast he 4,900 currently carried at Q Club. The square footage is between six-seven times as large as the Daviss existing Mackey Street location,which is 8,000 square feet. Indicating that the brothers m ay look at further expans ion in the near future, possibly in Nassau but more likely the Family Islands, once Quality Home Centre was bedded down, TrevorD avis explained that the brothers invested in the newl ocation due to a combination of Mackey Streets limited space and the Carmichael areas rapid population growth. We have the existing store on Mackey Street, QC lub, and because the space there is very limited we were unable to meet the demands of customers, Trevor Davis told Tribune Business. Based on the demand from c ustomers, we realised we n eeded a larger location to meet their needs. And, with Carmichael becoming a whole new area, but with its population reluctant to drive long dis-t ances through heavy traffic v olumes, that gave us the idea that it was time to go to the people, rather than have the people come to you. This is definitely the area to be in. The statistics will show this is more than 20-25 per cent of the population in Nassau living within the same area right here, and the area is still growing. We have to go to the people. E xplaining the concept behind Quality Home Centre, Trevor Davis added: Were going to sell a large variety of products. This isg oing to be a one-stop shop. A part from childrens toys a nd clothing for all age groups, the store will offer heavy duty appliances, such as refrigerators, stoves and ovens; flat screen TVs; a full electronics department;b eds, baths and a wide range o f furniture; and electrical and plumbing departments. Acknowledging that the Bahamas was still locked in a recession, Trevor Davis said the nature of Quality Home Centres products, as necessities required on a day-today basis, would counteract d epressed levels of consumer d emand. And he explained that the brothers were relying on cus-t omer service to set Quality Home Centre apart from the competition, in what is a rel-a tively saturated home furn ishings and appliances market. Competition is good, T revor Davis said. Yes, people sell the same thing that we sell, but we work on thef act we give good customer service. Once were able to provide this customer service, people do not mind if we cost 5-10 per cent higher than the competition. Theyre notw orried about paying higher or driving through traffic because they get customers ervice. Noting the stores potential economic impact, Trevor Davis said Quality Home C entre had created 80-100 new full-time jobs, with staff already present at the store for the past three weeks to g et it ready for Fridays o pening. And, with 20 staff at Mackey Streets Q Club, the brothers now employm ore than 100 Bahamians. Around 20 Bahamians had worked on the Quality HomeC entres construction over t he last eight months, Trevor Davis said, employing a Tilt Wall System a new cons truction system for the Bahamas. The appraisal came in at a bout $9 million for the construction and property cost, Trevor Davis told Tribune Business of the brothers investment. On Mackey Street we have over 4,900 SKUs, and with this finishedw e have almost up to 20,000 SKUs. Quality Home Centre has a n elevator to give customers access to its multiple floors, the store having been designed in a mezzanine fashi on. Customers are able to see the whole store from upstairs, Trevor Davis said. To be quite honest, my b rother and I had a vision and knew exactly what we wanted, but to date its a littlea bove expectations. When you have people come in and see the experience, they seew eve really created a mast erpiece in our Bahamas. Customers should experience a one-stop shopping e xperience, the same as theyd expect in a Wal-Mart or Target in the US; ones tore where they will find everything. Acknowledging that they had further growth ambitions, Trevor Davis added: Were going to see how this goes for the moment, but wed o have some other plans for the near future. I dont know if it will be in Nassau or if wew ill go to the Family Islands. Its probably not right now in Nassau. Were definitely looking to do somet hing else, and are almost sure it will be on a Family Island, providing them witht he same type of service and product as Nassau. Trevor Davis said Quality Home Centres location nextt o the Southwest Shopping Plaza would enhance business for both, each bouncing o ff the other. Gina Knowles had been hired as store man ager. T he company had also t alked to hotels, interior designers and decorators about taking its product, andt he response had been positive, he added. Explaining that Quality H ome Centre had targeted a pre-Christmas opening to catch the holiday sales, which they in common with other b usinesses rely on to carry them through the quieter months early in the New Year, Trevor Davis said: We have great expectations,a full inventory and are ready t o meet demand and make it a match for the area. BUSINESS PAGE 8B, THURSDAY, NOVEMBER 24, 2011 THE TRIBUNE Employment Opportunity AIRPORT SUPERINTENDENTROLE: Supervise Airport plant operations to ensure safe and correct receipt, storage and distribution of the Companys aviation products and required activities are carried out in accordance with the companys operating procedures; provide procedures and guidelines to ensure that operations (receipts, storage and distribution) are performed safely, efIHFWLYHO\DQGHIFLHQWO\&UHDWLQJVDIHDQGKHDOWK\HQYL ronment for all personnel involved with airport operation/ activities. REQUIRED EDUCATION, EXPERIENCE & SKILLS: %DFKHORU'HJUHHLQ(QJLQHHULQJ,QGXVWULDO(OHFWULFDORU Mechanical)or a Related Field 0LQLPXPRI\HDUVRIH[SHULHQFHLQDUHDRIVWXG\ 0XVWSRVVHVVVWURQJLQWHUSHUVRQDOVNLOOVZLWKH[FHOOHQWRUDO DQGZULWWHQFRPPXQLFDWLRQVNLOOV 6WURQJRUJDQL]DWLRQDODQGDQDO\WLFDOVNLOOV 0XVWKDYHWKHDELOLW\WRPDQDJHPXOWLSOHSULRULWLHV 0XVWKDYHVWURQJFRPPLWPHQWWRPDLQWDLQLQJKLJK Standards 6WURQJOHDGHUVKLSDQGFRDFKLQJVNLOOV 5HVXOWVGULYHQ,I\RXIXOOOWKHSRVLWLRQVUHTXLUHPHQWVSOHDVHVHQG\RXUUHVXPH E\HPDLOWRUHFUXLWPHQWEDKDPDV#\DKRRFRP( r2QO\VKRUWOLVWHGFDQGLGDWHVZLOOEHFRQWDFWHGr Employment Opportunity Manitowoc Container Crane Operators Liebherr/Gottwald Mobile Harbor Crane OperatorsREQUIREMENTS: EXPERIENCE: PHYSICAL REQUIREMENTS: E-mail: Or Fax: (242 On or before December 9th 2011 NO CALLS PLEASE The Public is hereby advised that I, VENISE MARIA V ERCINA P.O. Box N10647,Florida Court, Coco Plum S t. Nassau, Bahamas, intend to change my name to VENISE MARIANORALUS. If there are any objections to this change of name by Deed Poll, you may write such objections to the Nassau, Bahamas no later than thirty (30 date of publication of this notice. INTENT TO CHANGE NAME BY DEED POLLPUBLIC NOTICE NOTICE is hereby given that VICTORIAVICTOR of M iami Street P.O. BOX NP1254, NASSAU, BAHAMAS i s applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 24TH DAY of November 2011 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.NOTICE FROM page one $9M MASTERPIECE CREATES 100 JOBS


BUSINESS T HE TRIBUNE THURSDAY, NOVEMBER 24, 2011, PAGE 9B Bringing SEXYBackThe All-New SONATANew Sonata GLS features: push button start 6-speed automatic transmission advanced airbag system anti-lock break system 18 inch alloy wheels USB & iPod connectivity power drivers seat remote audio steering wheel control and much more #1 AUTO DEALER IN THE BAHAMAS Part of the Automall groupEAST SHIRLEY STREET 322-3775 325-3079Visit our showroom at Quality Auto Sales (Freeport or Abaco Motor Mall, Don MacKay Blvd, 367-2916 W I N N E R o f t h e I n t e r n a t i o n a l C a r o f t h e Y e a r A w a r d Push Button StartLuxury interior Employment Opportunity Electrical Electronic Engineers/Mechanical Engineers to maintain Port Mobile Harbor Cranes needed R EQUIREMENTS: EXPERIENCE PHYSICAL REQUIREMENTS E-mail: Or Fax: (242 On or before December 9th 2011 NO CALLS PLEASE NOTICE International Business Companies Act No.45 of 2000 TELEQUIPMENT CORPORATION (the CompanyNotice is hereby given that, in accordance with Section 138 (8Business Companies Act, N o.45 of 2000, the Dissolution of TELEQUIPMENT CORPORATION of Dissolution has been issued and the Company has therefore been struck off the Register. The date of completion of the dissolution was the 19th day of October, 2011. Miguel Angel Graa Villar Liquidator NOTICEPursuant to the provisions of Section 137 (4ab a nd (cAct, 2000, notice is hereby given that:(a FANCY NANCY LTD. is in dissolution; (bThe date of commencement of the dissolution is the 10th day of NOVEMBER A.D., 2011 and ( c) the Liquidator is C.B. Strategy Ltd., of 308 East Bay St. C.B. Strategy Ltd. LIQUIDATOR because of economic hardship and they send their money back home. We have funds coming in and funds g oing out. People are cons tantly transferring funds b ack and forth. The transfer business has really grown. Cash N Go, which is p art of BAF Global G roup, formerly British A merican Financial ( BAF), will now act as the B ahamian agent for JN M oney Services (JNMS the remittance and bill payment services arm of the Jamaica National Building Society, having signed an exclusive agreement with the company. T hat agreement came into effect on November 21. Mr Musgrove told Trib une Business the alliance with JNMS provides Cash N Go with more international visibility, something that will help attract fore igners in the Bahamas especially Jamaicans and H aitians to use its services. Because we are partnering with them, Cash N Go now has access to all oft heir locations, so its a push and pull thing, he e xplained. If JNMS is in the UK, for example, because our l ogo is on their branding it gives Cash N Go access to their clients, where they are. They plan to go toH aiti and the Philippines. T hey are a very aggressive company. We have ane xclusive relationship with t hem. Cash N Go now becomes more visible internationally. Mr Musgrove said that C ash N Go was looking to provide its customers with ease of access to its ser v ices, and is in the process of expanding its business. It has three locations in Nassau at Bay Street,R osetta Street and C armichael Road, as well as on Freeports Queens Highway, and Georgetown in Exuma. Mr Musgrove said: We are highly regulated by the C entral Bank. Cash N Go is not just in the transfer business; Cash N Go is a money store. The transfer of money is just one service. We will offer a whole lot more than just that. The goal is to become a one-stop shop. Right now you can purchase your airline tickets for Sky Bahamas and Western Air, and we are working on getting others on. We are working right now in aggressively trying to get all of the utility companies onboard with us, so you would be able to pay all of your utility bills with us in real time. In addition to remit tances, Cash N Go accom modates school fee advances, and offers BAF and Bramer insurance premium payments, BTC Mobile Pins and Eztop among its financial prod ucts and services. We want to give our customers easy access. We intend to expand our locations in Nassau, Mr Mus grove said. He added that part of the companys expansion is to open offices in Abaco. The economy there is really growing; its expanding. The market is right. I was impressed to see the expansion and develop ment, Mr Musgrove said, acknowledging that a significant Haitian populationon the island could also prove beneficial to Cash N Gos Abaco venture. It is what it is. The peo ple are here and we are trying to make sure that we are here to offer the service, Mr Musgrove said. Tourisms share of the Bahamian economy, as a percentage of GDP, is only bettered by Anguilla, Antigua & Barbuda, Aruba and the British Virgin Islands, where t he industry accounts for between 5 7.9 per cent to 74.2 per cent of GDP. And, in terms of the gross total GDP contribution, only the larger islands of Cuba and Jamaica, plusP uerto Rico, have tourism genera ting more then the Bahamas $ 3.598 billion and $3.731 billion in 2011 and 2012 respectively, the WTTC report revealed. Underscoring that moves were afoot to further bolster theB ahamas competitive positioning i n the region, Mr Sands told Tribune Business: What is very evident is that a number of initiatives, both from the private and public sector, are being put in place to ensure the stability and growth of t his sector, as we all recognise it is t he linchpin of our economy going forward. The shoring up of infrastructure, new product investment, capital investment, and new airlift to s upport further development. All these are initiatives that both the private and public sectors are p utting in place to shore up this particular sector to ensure its viability and readiness to reap theb enefits that will accrue to it. The Bahamas was also ranked fifth in the Caribbean by the WTTC report when it came to the share of total national employment (direct and indirect tourism. The industry accounted for 9 1,000 jobs, or 55.1 per cent of t otal Bahamian employment in 2011, the WTTC survey revealed. While that percentage was set to fall slightly to 55 per cent in 2012, the total number of jobs generated by Bahamian tourism was set to i ncrease to 92,500. A gain, only in Anguilla, Antigua & Barbuda, Aruba and the British Virgin Islands was tourism a more important employment generator. Pointing out that tourism and the hotel industry, by its nature, w as labour intensive and theref ore a major job creator, Mr Sands said there was nothing like the $2.6 billion Baha Mar project in terms of its likely jobs impact. I am not surprised the B ahamas remains among the highest in the region, and theres noth-i ng wrong with being in that enviable position, he added of the WTTCs findings. Not in the foreseeable future w ill we have one major project, such as this [Baha Mar], being able to have such an impact on labourn umbers. And its high-end nature would force all players, both in the tourism sector and those indus-t ries that supplied it, to raise the b ar and enhance the Bahamas overall attractiveness for visitors. Major projects, such as Baha Mar, raise the whole bar for the destination, and make its attractiveness and viability so evidence in the marketplace that the overalls tandard will rise, Mr Sands told T ribune Business. All support industries have to step up to the plate in support of this sector, and raise the bar. As the tide rises in one particular way, all ships at sea will rise and benefit from it. M r Sands, though, questioned the WTTCs figures for projected Bahamian tourism industry capital investment in 2012, as it did not appear to take Baha Mars development into account. The sectors total capital investm ent in 2o11 is forecast to be $388 million, rising to $404 million in 2012. I really dont know how they arrived at that figure, but in my opinion its slightly skewed for 2012, Mr Sands said. The WTTCf igures, he added, seemed to indicate the majority of construction investment spend on Baha Mar would be incurred in 2013 and2 014, not 2012. I would think that perhaps 2011 would be representative of the current spending level, but 2012 may be conservative, recog-n ising the amount of money employed to do this project. I w ould say the ramp up is going to b e pretty high, Mr Sands said. BTC CELLULAR TOP-UP POINTS GROW TO 1,130 Despite the success of EZ TopUp, Marlon Johnson said there was still a market for street-based phone card vendors. Right now we have just over 1,100 points of presence with EZ TopUp terminals. As of the end of October, we had 1,130 points of presence and most of these are existing retailers. These arent displaced people; these are people who have just moved over to a different methodology, Mr Johnson said. The uptake in the market has met our target, and were comfortable with the roll-out of it. The retailers and the customers appreciate the convenience of it; its certainly a big sell. It has met the targets we have established for it. Despite the furore during the EZ TopUp roll-out, with many speculating that the move would effectively put phone card vendors out of business, Mr Johnson said it was expected that after the initial shock many would return. I dont think we have ever expressly said that we want to move away from the phone cards, he added. Our ambition is to find multiple ways for people to top-up, one of which is electronic. There will always be a place in the market for top-up phone cards; some people prefer them. The cards have a place in the portfolio. If you look on the streets you can see there are still street merchants selling phone cards, so that is no surprise to us and it is not inconsistent with what happens around the world. BTC said it will spend $1 million in marketing support over the next 12 months to support distribution of its prepaid EZ Top-Up cell phone minutes. It is projecting that within two years 80 per cent of prepaid cellular minutes will come from electronic sales. FROM page one FROM page one ENVIABLE GDP SHARE TRANSFER PROVIDERS ONE-STOP SHOP GOAL FROM page one


T HE TRIBUNE THURSDAY, NOVEMBER 24, 2011, PAGE 13B GN-1338 APD LimitedTENDER NOTICEThe Arawak Port Development Ltd. (APDinvites sealed Tenders from eligible tenderers for the APD Inland Terminal Access Road Paving, Grading and Drainage Project. The project includes the construction of approximately 3,100 feet of new road from Fire Trail Road (West) to the new APD Inland Terminal Warehouse Facility. Tender Documents in electronic format may be collected from the address below, between 10:00 AM and 4:00PPM, commencing Wednesday 23 November 2011. This tender is only open to contractors with the suitable experience and expertise in road construction. Interested persons may obtain a tender package from the following address: Arawak Port Development (APDAPD Arawak Cay Nassau, Bahamas Telephone: (242 Fax: (242 Completed Tender Documents must be enclosed in a sealed envelope, clearly marked, CONFIDENTIAL TENDER APPLICATION FOR APD INLAND TERMINALACCESS ROAD PAVING, GRADING AND DRAINAGE PROJECT and shall be submitted to the APD at the address above before 11 AM on Wednesday, 30 November, 2011. Late submissions will not be accepted. APD reserves the right to accept or reject any or all proposals. To advertise in The T ribune Classified Call 502-2398


n owhere. Dealing with clients inability to plan ahead is wearisome. When a client fails to think ahead and calls a designer with a panicked, last-minute job, they are faced with two choices: Say no (and risk losing the client or drop everything and make it happen. To make it worse, the ones who have lastminute demands are usually the least appreciative. Innovation: Current trends in the graphic design industry may not always stay current, but the graphic designer must always move forward. In this industry, if you are standing still you are falling behind. Graphic design is very competitive, so continuous learning is vital. Success depends on skill, and the skill depends on how much time and effort is placed into getting better. In essence, portfolios must be updated continually with examples of the latest in graphic design trends, in order to stand apart from the crowd. This means that designers must discover intriguing and innovative concepts. Criticisms: Any job in the creative field means that criticism, both constructive and otherwise, will eventually pop up, with the most frustrating opinions of how they would do it if they were you. Unquestionably, novice graphic designers are the most vulnerable to criticism, as they are not familiar with dealing and interpreting client wishes. If a thousand designers view the same project, you will get a thousand different design feedbacks. Disappointingly, rather than appreciate the different ways that a design problem can be approached, the focus is on what they consider to be wrong, which results in breeding competition rather than clientele. Freelance Difficulties: Many graphic designers choose to do freelance work as opposed to joining a company, due to the amount of freedom and choices. Freelancers often have the most challenging time, as it means having to constantly sell themselves to clients rather than promoting only once toa single studio. Expectations: Another point of contention is that every client has expectations. It is good for clients to allow graphic designers an appropriate amount of time to complete a project and alter their demands. Communication: Interpreting client wishes proves difficult for designers, as clients do not always explain their desires clearly. This places designers at a disadvantage. Perfectionism: Many who venture into creative fields often face the trouble of perfectionism. Sometimes, striving to become a perfectionist prevents designers from meeting deadlines and completing their best work, which frusrates the designer and client. Understanding: If you are unable to explain your design, it may perhaps never see the light of day, as great designers need to be great sales people. In this context, it annoys a designer when he has to be intuitive and pry to see through to the next side of his clients request. Studies show there are huge benefits to crossing the threshold and getting to the point where you are really happy at what you do. If your motivation is enough for you to keep the hated job, make staying a conscious choice. Own your choice. As a final point, learn how to outwit the most challenging rudiments of your career and overcome the daily frustrations and lows. It is a relatively small step from liking your job to loving it. Knowing your motivation also makes it possible for you to evaluate whether it is enough to stay at the job. Until we meet again, have fun, enjoy life and stay on top of your game. NB: Columnist welcomes feedback at About the Columnist: Ms Bastian is an extensively trained graphic designer who has qualifications of M.Sc., B.Sc., A.Sc. She has trained at institutions such as: Miami Lakes Technical Centre, Success Training College, College of the Bahamas, Nova Southeastern University, Learning Tree International, Langevine International and Synergy Bahamas. BUSINESS PAGE 14B, THURSDAY, NOVEMBER 24, 2011 THE TRIBUNE 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.190.97AML Foods Limited1. 1 0.639.05Bahamas Property Fund10.6310.630.00-0.6420.080-16.6 0.75% 7.504.40Bank of Bahamas6.936.930.000.2300.10030.11.44% 0.530.17Benchmark0.180.180.00-0.0480.000N/M0.00% 2.842.55Bahamas Waste2.702.700.000.0300.09090.03.33% 1.961.77Fidelity Bank1.771.770.000.0970.04018.22.26% 1 0.468.29Cable Bahamas8.408.400.000.2450.32034.33.81% 2.802.33Colina Holdings2.342.340.000.4380.0405.31.71% 8.508.33Commonwealth Brewery8.508.500.000.7400.00011.50.00% 7.006.21Commonwealth Bank (S1 6.516.510.000.4960.32013.14.92% 2.001.63Consolidated Water BDRs1.651.50-0.150.1110.04513.53.00% 1.551.24Doctor's Hospital1. 5.504.75Famguard5.435.430.000.4980.24010.94.42% 7.504.75Finco4.824.75-0.071,0000.7570.0006.30.00% 9.457.75CIBC FirstCaribbean Bank8. 6.005.00Focol (S 5.335.330.000.4350.22012.34.13% 1.001.00Focol Class B Preference1. 7.305.58ICD Utilities7.307.300.00-0.1220.240-59.8 3.29% 10.809.80J. S. Johnson9.829.820.000.8800.64011.26.52% 10.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00FINDEX: YEAR END 2008 -12.31%30 May 2013 20 November 2029 7% RoyalFidelityMerchantBank&TrustLtd(Over-The-CounterSecurities) 29 May 2015BISX LISTED & TRADED SECURITIES AS OF:7% Interest 19 October 2022 Prime + 1.75% Prime + 1.75% 6.95%WEDNESDAY, 23 NOVEMBER 2011BISX ALL SHARE INDEX: CLOSE 1,353.60 | CHG -1.05 | %CHG -0.08 | YTD -145.91 | YTD % -9.73B ISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017 W WW.BISXBAHAMAS.COM | TELEPHONE: 242-677-BISX (2479) | FACSIMILE: 242-323-2320 52wk-Hi52wk-LowSymbolBid $ A sk $Last PriceDaily Vol.EPS $Div $P/EYield 10.065.01Bahamas SupermarketsN/AN/A14.00-2.9450.000N/M0.00% 0.550.40RND Holdings0.350.400.550.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.650.750.400.0290.00024.130.00% 52wk-Hi52wk-LowFund NameNAVYTD%L ast 12 Months %NAV 3MTH 1.57791.4674CFAL Bond Fund1.5779263.39%5.87%1.548717 3.02482.9020CFAL MSI Preferred Fund3.02482.63%3.94%2.981382 1.61281.5289CFAL Money Market Fund1.61512.61%4.53%1.591803 2.72022.5398Royal Fidelity Bahamas G & I Fund2.4974-8.19%-7.45% 13.849313.2825Royal Fidelity Prime Income Fund13.91804.19%5.21% 114.128999.4177CFAL Global Bond Fund114.09222.35%13.88%114.128861 118.4255101.6693CFAL Global Equity Fund118.42552.30%8.26%116.580785 1.17491.0000FG Financial Preferred Income Fund1.18773.59%4.94% 1.13431.0000FG Financial Growth Fund1.14152.06%4.07% 1.17641.0000FG Financial Diversified Fund1.18903.47%5.04% 9.9952 9.5078Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.94330.98%4.58% 11.49859.8690Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.3699-6.17%-2.17% 10.68139.6635Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.20631.81%7.39% 8.85647.8830Royal Fidelity Int'l Fund Equities Sub Fund8.65073.01%18.38% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded today NAV Net Asset Value DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200731-Oct-11 31-Jul-11 31-Oct-11TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752531-Jul-11 30-Jun-11 31-Jul-11 5-Aug-11 30-Oct-11MARKET TERMS30-Sep-11 31-Oct-11 RoyalFidelity Merchant Bank & Trust Ltd (Over-The-Counter Securities) CFAL Securities Ltd. (Over-The-Counter Securities) BISX Listed Mutual Funds30-Jun-11 30-Sep-11 NAV 6MTH 1.535365 2.952663 1.580804 111.469744 115.762221 NAV Date 31-May-11 30-Sep-11 N O T I C ESONALIS LIMITEDN O T I C E IS HEREBY GIVEN as follows: (aLIMITED is in voluntary dissolution under the provisions of Section 138 (4of the International Business Companies Act 2000. (bThe dissolution of the said company commenced on the 22nd November, 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. ( c) The Liquidatorof the said company is Manex Limited, The Bahamas Financial Centre, Shirley & Charlotte Streets, Nassau, Bahamas Dated this 24th day of November, A. D. 2011 _________________________________ M anex Limited Liquidator N O T I C EF IRST MRG INVESTMENT LIMITEDN O T I C E IS HEREBY GIVEN as follows: (aFIRSTMRG INVESTMENTLIMITED is in voluntary dissolution under the provisions of Section 138 (4 International Business Companies Act 2000. (bThe dissolution of the said company commenced on the 22nd November, 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. (cThe Liquidatorof the said company is Manex Limited, The Bahamas Financial Centre, Shirley & Charlotte Streets, Nassau, Bahamas Dated this 24th day of November, A. D. 2011 _________________________________ Manex Limited Liquidator N O T I C ESHAIEL LIMITEDN O T I C E IS HEREBY GIVEN as follows: (aELLIMITED is in voluntary dissolution under the provisions of Section 138 (4International Business Companies Act 2000. (bThe dissolution of the said company commenced on the 22nd November, 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. (cThe Liquidatorof the said company is Manex Limited, The Bahamas Financial Centre, Shirley & Charlotte Streets, Nassau, Bahamas Dated this 24th day of November, A. D. 2011 _________________________________ Manex Limited Liquidator N O T I C E W OK MANAGEMENT LIMITED N O T I C E IS HEREBY GIVEN as follows: (aWOK MANAGEMENT LIMITED is in v oluntary dissolution under the provisions of Section 137 (4 B usiness Companies Act 2000. ( b)The dissolution of the said company commenced on the 22nd November 2011 when the Articles of Dissolution were submitted to and registered by the Registrar G eneral. (cThe Liquidator of the said company is Mr Alan Nichols of Helvetia Court, South Esplanade, St P eter Port, Guernsey. Dated this 24th day of November A. D. 2011 _________________________________ M r Alan Nichols Liquidator N O T I C E JACINTH LIMITED N O T I C E IS HEREBY GIVEN as follows: (aJACINTH LIMITED is in voluntary dissolution under the provisions of Section 137 (4 Act 2000. ( b)The dissolution of the said company commenced on the 22nd November 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. (cThe Liquidator of the said company is Mr Alan Nichols of Helvetia Court, South Esplanade, St Peter Port, Guernsey. Dated this 24th day of November A. D. 2011 _________________________________ Mr Alan Nichols Liquidator DRIVERS WANTEDMust be able to work early morning hours, have reliable transportation. Only serious inquiries please. Apply in writing to: DA-98272 C/O The Tribune P.O. Box N-3207 Shirley Street Nassau, Bahamas DESIGN SOLUTIONS FOR CREATIVE CONSTRAINTS FROM page two NOTICE is hereby given that MIAFRANCOIS of Ridgeland Park West, P.O. BOX N 8747, NASSAU, BAHAMAS is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 24TH DAY of November 2011 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.NOTICE