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Volume: 107 No.326 THURSDAY, NOVEMBER 17, 2011 PRICE – 75¢ (Abaco and Grand Bahama $1.25)

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ByF TANEKAOX THOMPSONHILL PM: Boundary Deputy Chief Reporter [email protected]

POLICE have “beefed up” patrols in the Fox Hill and Wulff Road areas following the killing of Randino “Dinghy” Pratt who was shot outside a bar last weekend. A special duty team from the Central Detective Unit, along with investigators from the Fox Hill and Wulff Road police stations, are on the claims false ground to gain intelligence to offset possible retaliation for Pratt’s murder. “We’re working as a team, we have beefed up our patrols ‘Details on cuts and our intelligence to ensure that no retaliation is done GROUND BROKEN ON NEW HOSPITAL BUILDING where innocent persons will be hurt,” said Bernard K must have come Bonamy, head of the homi- cide squad, yesterday. from the PLP’ SEE page 12 By CELESTE NIXON Ingraham said reports nam- ‘DON’T HARBOUR Tribune Staff Reporter ing Montagu, Clifton and [email protected] Eight Mile Rock were inac- THESE FUGITIVES’ curate and must have come By TANEKA THOMPSON BLAMING the opposition, from the Progressive Liberal Deputy Chief Reporter Prime Minister Hubert Ingra- Party (PLP). [email protected] ham said published accounts He said: “In order to of the Boundaries Commis- reduce the seats by three, we POLICE urged families sion's recommendations on must eliminate three seats. I and friends of six men wanted constituency cuts were false. do not know where the story for questioning in connection While admitting yesterday came from that has been car- with murder investigations to that some of the 41 existing ried in the newspapers. It turn them in or face charges constituencies might be could only have been leaked of harbouring a fugitive. removed in the run up to next Superintendent Stephen year's general election, Mr SEE page 14 AT THE official groundbreaking, pictured from left, Camille Johnson, Permanent Secretary; Veta Brown, Dean warned those in contact Public Hospitals Authority Board Chairman; Minister of Health Hubert Minnis; Prime Minister Hubert Ingra- with wanted persons that ham; Minister of Works and Transport Neko Grant; Coralie Adderley, Chief Hospital Administrator; and police may trace phone Herbert Brown, Managing Director, Public Hospitals Authority. Photo: Patrick Hanna/BIS records to track down those wanted for questioning and By CELESTE NIXON world-class Critical Care to health care and public well ByNEYMOUR: SANCHESKA BROWN LET PARTYThe Tribune DECIDE loved ones who have been in with , Mr Ney- Tribune Staff Reporter Block, which, according to being. Tribune Staff Reporter communication with them. mour said he cannot choose [email protected] Prime Minister Hubert Ingra- “We are gathered here this [email protected] between the people of South Police want to question ham, will be the country’s sin- morning to continue in our Elandro Missick, alias Fifty, Beach, who elected him, and A GROUNDBREAK- gle largest investment in efforts to provide quality FNM MP Phenton Ney- Exuma, his hometown. Andre Wallace alias Mugs, ING ceremony was held yes- health care since the hospital health care for the Bahamian brothers Desmond and Dean- mour said he is leaving it up “There has been much talk terday to mark the launch of was built nearly six decades people,” he said. to the party to decide where about whether I will be run- gelo Wilson, Oman Leon and the first phase of construc- ago. The project includes the Garrison Pyfrom Jr in con- he runs for the 2012 election ning in South Beach or Exu- tion on the highly anticipated During his address at the construction of the Critical as he is torn between South ma. nection with ongoing murder Princess Margaret Hospital’s ground-breaking ceremony, Care Block, a new entryway investigations. Beach and Exuma. SEE page 14 redevelopment project. the Prime Minister said the to the hospital and what are In an exclusive interview The project starts with the block is just part of the gov- SEE page 13 construction of a $75 million, ernment’s holistic approach SEE page 2 ROBBERY ADDS TO SAFETY CONCERNS 33 YEARS FORBy DENISECONVICTED MAYCOCK coveredMURDERER burned to death in By AVA TURNQUEST Tribune Staff Reporter Tribune Freeport Reporter his car on Grand Bahama [email protected] [email protected] Highway on March 12, 2010. Mader asked Ms Patton FREEPORT – Convicted and her family to forgive him THE armed robbery of a murderer Justin Mader was for what he had done. The student at the College of the sentenced to 33 years in two then embraced each oth- Bahamas has added to criti- prison on Wednesday by the er – something never done cism over campus safety. Supreme Court after a very before in the Supreme Court. Police are questioning a 21- emotional plea to the victim’s On Tuesday, the second year-old Nassau Village man family asking for forgiveness. day of the trial, Mader plead- over the incident which With teary eyes, Mader ed guilty to the murder of 23- occurred at the Oakes Field expressed his sincere remorse year-old Devon Fritz. Campus on Tuesday night. to Yvette Patton, the mother JUSTIN MADER, outside court of a young man who was dis- SEE page 15 SEE page 12 REDUCE YOUR POWER BILL TODAY! GET SUN CONTROL WINDOW FILMS to START SAVING NOW! 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PAGE 2, THURSDAY, NOVEMBER 17, 2011 THE TRIBUNE LOCAL NEWS

HEALTH MINISTER Dr Hubert Minnis speaks at the groundbreaking ceremony Wednesday for the Princess Margaret Hospital's new Critical Care Block. Ground broken on new hospital building state-of-the-art surgical suites, ans, exclusive of physicians from page one a 20-bed intensive care unit, a and nurses, are being engaged described as critical utility neonatal intensive care unit to be trained.” upgrades. for 48 newborns, new labora- The completion of this pro- The facility will include six tory facilities, a new sterile ject will translate not only into supplies department and a improved health services, but new surgical supplies depart- also into more timely deliv- ment. ery of services – improving Mr Ingraham said: “In the quality of health care facil- addition to significantly ities for current and future enhancing access to more life- generations, Mr Ingraham saving and life-enhancing pre- said. scription medication, we are Health Minister Dr Hubert modernising and expanding Minnis said in order for the tertiary, secondary and pri- Bahamas to meet various new mary care facilities.” challenges – ranging from Advances in computer and HIV/AIDS to the high preva- communications technologies lence of chronic diseases, such are going to be used to as diabetes and hypertension, improve health care quality, and significant increases in save lives and reduce costs, morbidity and mortality from Mr Ingraham said. criminal and family violence – “One of the most cutting- more resources and space edge technological innova- must be available. tions has been the introduc- The new critical care com- tion of a pilot tele-medicine plex will be housed in one programme,” he said, building. Services that are “enabling patients to be now provided in several dif- examined and assessed ferent locations will be through the use of communi- replaced with updated models cations technologies by doc- and centralised, resulting in tors in New Providence, with- the a more efficient and effec- out having to leave their Fam- tive approach to health care. ily Islands.” “The PMH’s critical care Mr Ingraham said con- facility and specialised criti- struction of the new facility cal team are on the front lines will also provide employment of the 21st century battlefield opportunities for hundreds of of violence and trauma,” the Bahamians. Prime Minister said. “Already,” he said, “in The construction of the first preparation for the comple- phase will begin on Thursday tion of the Critical Care and is expected to be com- Block, 130 or more Bahami- pleted by November 2013.

HUNDREDS pack the Princess Margaret Hospital grounds on Novem- ber 16 to witness the groundbreaking ceremony for the new Critical Care Block.

By DENISETROPHY MAYCOCK FOR tant SHIPYARD for corporate citizens to Tribune Freeport Reporter give back to the community. [email protected] He commended the ship- yard for assisting in the devel- FREEPORT – The Eight opment of a sporting facility Mile Rock High School Bas- at the school. ketball Team visited Grand Work on the facility is Bahama Shipyard executives underway and will consist of a on Tuesday to present them softball field, a baseball court with the team’s championship and several soccer fields. trophy in appreciation of the Carl-Gustaf Rotkirch, CEO company’s continued support. of Grand Bahama Shipyard, The EMR Blue Jays won and Reuben Byrd, senior the Vitamalt Classic Basket- vice-president of operations, ball Tournament last week. commended the team on their Principal Dwayne Higgins win. said it is the first time the “It is a pleasure to involve school has captured the Vita- ourselves with the EMR High malt Championship title. School, which we have been “We came here today to supporting for several years,” say thank you, in a tangible Mr Rotkirch said. way, to GB Shipyard for the He said the shipyard is support they continue to give committed to giving back to us,” he said. the community. Mr Higgins said it is impor- Mr Rotkirch noted that through its apprenticeship pro- gramme, the company launched a number of commu- nity initiatives, including a food drive called “Lend a Hand – Give A Can”; a Fishing Tour- nament slated for March 11; and the EMRH Sports Field Project. Mr Byrd said team- work and leadership are very important at the shipyard. “It is something we strive for here and we want to instil in our employees to give back to the community,” he said.

THE TRIBUNE THURSDAY, NOVEMBER 17, 2011, PAGE 3 LOCAL NEWS By DENISE MAYCOCK declines in the fuel surcharge, Tribune Freeport since July’s 24.66¢/kWh fuel Reporter surcharge. [email protected] “While the fuel surcharge i‘FUELng on Monday. HEDGING’ing can be usedTO to eitherHELP par- oGBil and whatPOWER its customers CONSUMERSMs MacDonald explained is largely driven by the FREEPORT – Grand Ms MacDonald explained tially or fully “lock in” the pay for electricity,” she that both GBPC and cus- world oil market price of Bahama Power Company that hedging will smooth out price of the fuel supply that explained. tomers are exposed to the light and heavy fuel which president and CEO Sarah the dramatic peaks that cus- will help stabilize the fuel sur- Ms MacDonald noted that market movements in the we have no control over, we MacDonald announced plans tomers often experience in charge for GBPC customers. the price of oil reacts to a price of oil. have been taking measures for a “fuel hedging” policy the surcharge and will help “This will mean GBPC’s number of forces that drives She said that the hedging to control the areas we can, that will provide greater fuel them to plan and budget. fuel purchases will be based the price up and down. programme is used in other like the efficiency of our cost predictability for con- The Power Company has on an average of prices over She stated that in some cas- Emera companies to stabilise generation mix,” said Ms sumers. come under fire over high time instead of one price in a es the movements can be costs. MacDonald. Plans to develop the hedg- electricity costs, and exorbi- given month. quite dramatic from month In reference to the fuel sur- “Due to our efforts, we saw ing policy – which would tant fuel surcharge costs to “The hedging programme to month, and it is this volatil- charge, Ms MacDonald said the fuel surcharge drop in involve a contract establishing consumers. will not reduce the long term ity that creates changes that improvements of effi- August to 21.54¢/kWh and a fixed or capped cost on fuel In a press release issued by price of GBPC’s fuel oil but month to month in the fuel ciency due to the diligence further declines resulting in – were discussed at the ICD the company on Tuesday, Ms rather reduce the market surcharge portion of cus- and hard work of the GBPC 21.03¢/kWh for the month of Utilities annual general meet- MacDonald said fuel hedg- volatility in what it pays for tomers’ bills. staff has resulted in steady November,” she said. 494 guns taken off streets this year POLICE have removed 494 “The police will find you firearms and more than 11,000 and the chances are, you will rounds of ammunition from be the next person we will the streets of New Providence bring into custody,” said Mr this year. Dean. At the end of 2010, police Mr Dean said the increase had seized just over 300 in illegal gun seizure is due to SUPERINTENDENT Stephen Dean firearms. good police work. Yesterday, Superintendent He added that 61 new offi- Stephen Dean called on per- cers were placed on the streets sons with illegal firearms in of New Providence this week, their possession to turn the which will add to the force's weapons over to police or a intelligence gathering capa- community leader, or face bility. prison time. “Police intelligence has “Come to the police station, increased, we have more per- call a police officer, or give it sons on the road. Just today to your pastor because if we put 61 new officers on the you're found with the firearm streets and most of them are it's non-negotiable. going on the front line of “The magistrate don't even policing today – they were have a discretion, you're going well trained – particularly in to prison and you will do the our inner city communities to full time, not nine months – reassure the members of the you will do 12 months in public that they will get full prison. police coverage.”

POLICEPOLICE are SEARCH looking for venienceFOR StoreROBBERS near Balfour three men who robbed a con- Avenue and demanded cash. venience store on Jennie They robbed the store of Street. cash and a laptop, then left in At 9.25pm on Tuesday, the a white four door Nissan Max- men – one of whom was ima and headed south towards armed with a handgun – Robinson Road. entered Blessed Hands Con- Investigations continue.

HANDGUNPOLICE seized a box SEIZED con- airport AT and AIRPORT found the items taining a handgun, ammuni- at around 5.20pm. tion and marijuana at the Details were sketchy up to San Andros Airport yester- press time and no arrests were day. made, but police on the island Responding to a tip, offi- say they are following “sig- cers on Andros went to the nificant leads”. TEENAGER ARRESTED OVER FAKE

POLICEFIREARM arrested an 18- year-old man after confiscat- ing an imitation gun. Officers patrolling Moore Avenue off of Wulff Road at 11.40pm Tuesday made the arrest after they heard gun- shots. The officers followed the sound and saw a man in a blue hooded jacket and blue jeans. The man ran but was soon caught by officers. After the imitation gun turned up in a search, the Raymond Road, Marathon Estates resident was taken into custody for question- ing. Active police investigations continue.

CRIME TIP DURING an armed rob- bery, stay calm and don’t resist, police advise. “Get a good look at the robber and if possible a description of the vehicle used to escape. “Remember your safety comes first – money and merchandise can be replaced, your life cannot,” said Sergeant Chrislyn Skip- pings.

PAGE 4, THURSDAY, NOVEMBER 17, 2011 THE TRIBUNE EDITORIAL/LETTERS TO THE EDITOR The Tribune Limited Prince Charles 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., trials and (Hon.) LL.D., D.Litt .

Publisher/Editor 1919-1972 Contributing Editor 1972-1991

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

Published Daily Monday to Saturday EDITOR, The Tribune. of themselves for not insist- ing the company do a better Shirley Street, P.O. Box N-3207, Nassau, Bahamas Today, I had the misfortune LETTERS job. Insurance Management Building., P.O. F-485, Freeport, Grand Bahama to try and drive from the West [email protected] I very much hope that the via Independence Drive and contract has lots of penal- TELEPHONES Prince Charles to Village ties as in the time it is tak- Switchboard (News, Circulation and Advertising) 322-1986 Road. what to do about getting to ing to improve Prince I can fully understand the Wulff Road and then Village Advertising Manager - (242) 502-2352 Charles it seems to me they frustrations of anyone who Road. could have built the entire Circulation Department - (242) 502-2386 drives regularly in that area I turned left and then Nassau Fax: - (242) 328-2398 road system in New Provi- and was surprised not to see immediately got lost and dence. Freeport, Grand Bahama: 1-(242)-352-6608 a crowd of frustraters (a finally ended up on the I rather think that the Inde- Freeport fax: (242) 352-9348 new word) doing the occupy road to St Augustines going pendence Drive roundabout Wall Street act on Prince east. comes under the same com- Charles. I noticed that the traffic was WEBSITE pany’s contract and it is taking www.tribune242.com – updated daily at 2pm It seems to me that fast now going West so followed progress on this road the car in front and ended up even longer. improvement effort is sadly on Bernard Road near Get a grip somebody and lacking and since having been Kingsway Academy and final- either throw the contractors A government without politicians away in the summer things ly managed to make it to Vil- out or make them work to have got worse rather than lage Road. some deadline which we ECONOMIST Mario Monti formed a no further. should all know about – and new Italian government without a single Explaining why his Cabinet contained better. The road construction Travelling East along company should be thor- not vaguely before Christ- politician on Wednesday, drawing from no one from Italy’s fractious political mas. the ranks of bankers, diplomats and parties, Monti said that his talks with Prince Charles towards Sol- oughly ashamed of them- business executives to make sure Italy party leaders led him to the conclusion dier Road I came across a selves for their total lack of PATRICK H THOM- escapes looming financial disaster. “that the non-presence of politicians in sign that said road closed – detour singage that made SON The 68-year-old former European the government would help it”. the detour signs were lacking sense or perhaps they care Union competition commissioner told His ministers include Corrado any sort of information that less and the Ministry of Nassau, reporters he will serve as Italy’s econo- Passera, CEO of Italy’s second-largest might help the driver decide Works should be ashamed November 15, 2011. my minister as well as premier for now bank, Intesa Sanpaolo SpA, to head as he seeks to implement “sacrifices” to Development and Infrastructure; Piero heal the country’s finances and set the Gnudi, a longtime chairman of Enel util- economy growing again. ity company, as Tourism and Sport min- Oh Bahamas, ‘I want Monti and his new cabinet ministers ister in a country heavily dependent on were to be sworn later Wednesday, for- tourist revenues; and the current Italian mally ending Silvio Berlusconi’s 3 1/2- ambassador to Washington, Giulio Terzi year-old government as well as his 17- di Sant’Agata, to be foreign minister. to see here’... year-long run of political dominance. An historian of the Catholic church Monti said he would lay out his emer- with close ties to the Vatican, Andrea EDITOR, The Tribune. side this tortured body the all sources promising soli- gency anti-crisis policies in the Senate Riccardi, was named minister of interna- clamour of those who cry darity on the sure path to on Thursday, ahead of a confidence tional and domestic cooperation, a I stumbled across a beauti- out against war here along- life. vote. A second vote, in the lower Cham- choice that seemed to reward pro-Vati- ful poem a few years ago, side the brave heart of such I want to see here along- ber of Deputies, will follow, likely on can lawmakers in Parliament. written in reference to Ango- as die at the age of twelve side the cold body of the smil- Friday. He stressed that Italy’s economic Still, his choices raised some eye- la. those who speak of tomor- ing twelve-year-old children growth is a top priority. brows. Recently I re-read this row and promise the distant with pencils and exercise Hopes for Italy’s new administration “This government, ties to banks, to beautiful piece of material future. books learning to write just won it some respite in financial markets business, to the Vatican, to private uni- and it “speaks large vol- I want to see here the men his name. Wednesday. The yield on its ten-year versities — to the usual names — is the umes” of my expectations who know about space and And purged at last of these bonds dropped 0.16 percentage point to opposite of what this country needs,” within the Bahamas. I also control the cosmic flights and cliffs of anger the day will be 6.77 per cent. In the last week, that bor- said Paolo Ferrero, leader of Rifon- want to dedicate this to Mar- do heart transplants and filled with roundelays on the rowing rate had flirted over 7 per cent dazione Comunista, a tiny, far-left party. co Archer. decode the electronics of evergreen youth around the — the level that forced fellow eurozone Passera also sits on the board of direc- sound and sing to burst the stone raised in remem- members Greece, Ireland and Portugal tors of Milan’s Bocconi University, I want to see here along- eardrums and paint good pic- brance. to seek international bailouts. which forms Italy’s business elite. Monti side this silent hero of twelve tures and argue the fine points Up until summer, Italy had mostly is currently the head of the Bocconi. years those men who are so of issues in front of this rav- The name of this poem is avoided the European debt turmoil But analysts gave Monti’s selections a ardent for the equality of aged corpse of a twelve-year- ‘Augusto Ngangula’; it was despite having a jaw-dropping amount top mark, insisting the Cabinet ministers men. old. written in 1961 by Costa of debt: $2.6 trillion, or nearly 120 per were independent. I want to see here on this Here alongside this child Andrade. cent of its GDP. But after frequent “I think the quality of the people is soil stained with the blood of cut off at the age of twelve I delays and backtracking on austerity very high,” said Roberto D’Alimonte, a a twelve-year-old youngster want to see oceans lakes ELKIN B SUTHER- measures, markets lost faith that any political science professor at Rome's the mothers of the free chil- palm groves and paper toy- LAND Jr Berlusconi government could fix Italy’s LUISS University. “All these people are dren of the same age. boats. Nassau, economic issues. very high-caliber, and highly respected, I want to see here along- Here the weapons from November 2011. Restoring confidence in Italy’s finan- independent.” cial future is crucial because, as the Monti says Italy can beat the crisis if third-largest economy in the eurozone, it its largely polarized citizenry — often Crime research results is too big for Europe to rescue. A debt bitterly divided over Berlusconi's long default by Italy would threaten the euro tenure — can pull together. He has also itself and shake the global economy. met with union leaders and business rep- Monti gave few hints about his politi- resentatives. are stating the obvious cal programme Wednesday, sidestep- “I hope that, governing well, we can EDITOR, The Tribune. Urban legend has it that of the cause of crime, and ping a question about whether the gov- make a contribution to the calming and when the extremely prolific promises to be a very useful ernment would dip into citizens’ bank the cohesion of the political forces,” Re: Money the motive for depression-era robber, Amer- tool in reducing it. accounts as it did decades ago during Monti told reporters. many inmates – ican Willie Sutton, was asked Hopefully, the COB will another debt crisis. By Colleen Barry and Frances The Tribune, November 4, by a reporter: “Why do you also inform the FBI and “You may ask,” he replied, but went D’Emilio, Associated Press. 2011. rob banks?” his reply was: Interpol etc. that money is “Because that’s where the the motive for a lot of money is.” crimes. Seventy plus years later, the COB’s cutting-edge research KEN W KNOWLES, MD has now contributed much Nassau, further to our understanding November 12, 2011.

THE TRIBUNE THURSDAY, NOVEMBER 17, 2011, PAGE 5 LOCAL NEWS Who is the belle of the ball?

The 18th Annual Red Ribbon Ball was held last Saturday night at the Atlantis Resort. The event, which raises funds and awareness for the Bahamas AIDS Foundation, took the form of an elegant masquerade ball this year. Photos: Felipé Major/Tribune Staff

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PAGE 6, THURSDAY, NOVEMBER 17, 2011 THE TRIBUNE LOCAL NEWS Fond farewell to departing US ambassador

AMBASSADOR AVANT, centre, with Deputy Prime Minister and Minister of Foreign Affairs Brent Symon- ette and Robin Symonette. Photo: Kris Symonette/BIS THE Bahamas officially under President Barack Oba- “Your Excellency, we will bade farewell to US Ambas- ma's administration. always remember your spirit sador Nicole Avant during a Deputy Prime Minister and of giving, inspiration and warm reception at the Bal- Minister of Foreign Affairs hope, and we trust this spirit moral Club. Brent Symonette recognised will continue to positively Ambassador Avant is the work done by Ambas- affect those wherever you scheduled to leave the coun- sador Avant, who he said go,” Mr Symonette said. try on Tuesday, November 22, ensured that President Oba- “The assistance you pro- after a two-year tour of duty. ma’s message of hope and vided to children in need of She is the first ambassador inspiration resonated with the love, hope and support has appointed to the Bahamas Bahamian people. renewed efforts to bring awareness that individuals, especially children with intel- lectual or physical challenges, have just as much of an equi- table stake in society as those without such challenges,” he said. “As we support them together, we work toward a more inclusive, tolerant and compassionate Bahamas.” Mr Symonette thanked the ambassador for supporting families of children with autism, aiding the local Spe- cial Olympics programme, and encouraging children to read more books. He also recognised her efforts to strengthen diplo- matic relations between the Bahamas and the United States in the fight against drugs, arms and human traf- ficking. Mr Symonette hailed the success of the recent Caribbean Basin Security Ini- tiative, at which the United States reaffirmed it's com- mitment to regional partner- ship to enhance safety in the region. Prior to taking up her post in the Bahamas, Ambassador Avant was the Southern Cal- ifornia finance co-chair- woman of the Barack Obama Presidential Campaign. She also served as the vice president of Interior Music Publishing from 1998-2009. Ambassador Avant focused on five priority initiatives in the Bahamas: education, alternative energy, economic and small business develop- ment, women’s empower- ment, and raising awareness about the challenges facing people with disabilities.

THE TRIBUNE THURSDAY, NOVEMBER 17, 2011, PAGE 7 LOCAL NEWS Governor general to visit Freeport for celebration GOVERNOR General Sir Arthur Foulkes will be in Grand Bahama on Friday for a massive One Bahamas cele- bration at Independence Park in Freeport. Sir Arthur will be making his second consecutive visit to Grand Bahama for the occasion, which is observed nationwide during the month of November. He will be the featured speaker at the flag raising cer- emony which gets underway at 10am. Also travelling to Grand Bahama will be co-chairmen GOVERNOR GENERAL Sir Arthur Foulkes. of the One Bahamas Foun- dation Sir Orville Turn- 25 years. Shirt Day on November 18. quest, the country’s fifth Mr Allen felt it was time On that day, all local radio governor general, and sail- for a national healing effort, stations will be invited to play ing legend Sir Durward and encouraged Bahamians the national anthem at 10am, Knowles. to speak about the things that and the public will be invited Deputy director of educa- should unite us. to take a break from their tion and former chairman of The first major event normal routine and appreci- the One Bahamas Grand organised by the Grand ate what it means to be Bahama committee, Cecil Bahama committee was a Bahamian. Thompson, said hundreds of church service held on Another major One students from every corner November 13 at Community Bahamas event is the fun run/ and settlement on Grand Holiness Church in Eight walk and health screening Bahama will assemble at Mile Rock. scheduled for November 19 Independence Park on Fri- The high point of the cele- at the Government Complex day. brations will be Flag and T- in Freeport. “It should be noted that because of the creative, pas- sionate and extraordinary par- in ticipation of the schools in this Florida district in the One Bahamas ESERVE programmes, during the past R your minivan for this holiday season! 16 years Grand Bahama has maintained her reputation as our country’s undisputed cap- ital of One Bahamas celebra- tions,” he said. One Bahamas came about MINIVAN US in November 1992, when the WEEKLY FROM $265 then minister for Youth, CDW + taxes + fees + unlimited miles Sports and Culture Algernon Allen sought to bring the nation together in love and unity. For reservations, please contact Going Places Travel at (242) 393.6900 or (786) 245.0520 The country had just gone or at 1.800.468.3334. Be sure to request rate code RC1. through a tough election Rate valid through December 31st, 2011 at participating Florida locations. A peak season surcharge of process which saw a change US$50/day and US$250/week applies from December 15th through the 31st. Rates, terms and conditions in power for the first time in are subject to change without notice. alamo.com PAGE 8, THURSDAY, NOVEMBER 17, 2011 THE TRIBUNE

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Cable Beach Branch August 20th - November 20th Relocation... $ Adults $ Kids We wish to advise our valuable customers 79 49 that effective Monday, November 21, 2011, the Cable Beach branch will relocate to its Includes: new location on West Bay Street in the Complimentary Parking included with Package Purchase new Baha Mar Commercial Village. Located at the Atlantis Self Park Facility at the rear of the Craft Center Complimentary Lunch Voucher Redeemable at express outlets only NEW PHONE NUMBER: 242-702-8100 Access to all Atlantis Pools, Slides and Rides

Aquaventure passes and lunch vouchers are available at the Discover Atlantis Desk in the Coral Towers. We look forward to serving you at our new home. Proof of residency required for discounted rate. No reservations required, based on availability. For general inquiries call 363-6950.

*Trademark of The Bank of Nova Scotia, used under licence (where applicable).

THE TRIBUNE THURSDAY, NOVEMBER 17, 2011, PAGE 9 LOCAL NEWS New water plant for Eleuthera PERFORMANCE, Quality Style.

HOUSE SPEAKER and MP for North Eleuthera Alvin Smith drinks water produced at the plant. Photo: Kris Ingraham/BIS MINISTER of State for the “Tarpum Bay and Rock that many of us still buy in Environment Phenton Ney- Sound communities have long bottles for over 100 times the mour has commissioned a depended on ground water price. reverse osmosis water plant for their water supplies,” Mr “What is equally important for the island of Eleuthera. Neymour said. and unique about this facility In his official address, he “As populations grew in and how it ties in with our cel- said desalinating natural these communities, systems ebration of National Energy water throughout the expanded and the demand Awareness Week, is the pow- Bahamas has been a goal of exceeded the safe water er purchase agreement (PPA) the government for the past yields, resulting in the increas- between the Water and Sew- 18 years. ing deterioration of water erage Corporation and Mr Neymour said: “I was a quality as a result of high Bahamas Renewable Energy young engineer there when salinity. Corporation, called BREC, we began the desalination “Despite major projects in which seeks to utilise renew- Geoffrey Jones offers the fine line of General Electric supply of water throughout the mid-1990s and the early able energy as a power the entire Bahamas. 2000s, which addressed infra- source. appliances designed to suit every need with performance “We began with Windsor structure needs throughout “The PPA is based on wind quality and style. Our competitive prices and full service Field Reverse Osmosis Facil- Eleuthera, including the dis- energy and is intended to ity, then we went to the vari- tribution system in Tarpum reduce the cost of electricity, department, make us your ultimate appliance centre. ous Family Islands, from San Bay and Rock Sound, ground which is typically 30 to 45 per Salvador to Inagua to Bimini, water continued to be the cent of the total cost of desali- so it was the beginning of a source of supply.” nated water.” transition. The Water and Sewerage “We are now to the point Corporation (WSC) signed an where, in New Providence, we agreement in December 2010 are approaching 90 per cent with Aqua Design Bahamas of water being provided by Ltd, a subsidiary of General reverse osmosis with the Electric, to build a 200,000 objective of providing better imperial gallon per day desali- ppp'`^h__k^rchg^lZg]\h'\hf | 322-2188/9 quality water for Bahamians.” nation plant. The new Tarpum Bay/Rock “The construction works Sound Reverse Osmosis Plant were completed in June, in Winding Bay, Eleuthera which was only in six was commissioned as part of months,” said Mr Neymour. National Energy Awareness “For the first time in Week, held from November 4 decades, your communities to 11. can boast of water quality

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PAGE 10, THURSDAY, NOVEMBER 17, 2011 THE TRIBUNE LOCAL NEWS New telephone voice service is launched By DANA SMITH “The product brings, for the to another phone if service “This means customers will Family Island launch will arrive The new service includes a [email protected] first time, a reliable and ever drops. never loose a call.” “very soon in the new year.” “multitude of features” such affordable fixed line voice “Most importantly, in the Mark Cabrelli, Vice-Presi- Mr Cabrelli also revealed as: voicemail, call forwarding, REPRESENTATIVES for alternative to the incumbent event of a temporary disrup- dent of Marketing and Sales, that although the official launch call waiting, three-way call- Cable Bahamas Limited offi- phone company,” said Keith tion of service, Revoice has a stated that although the service was yesterday, they already ing, caller originator trace, cially launched Revoice, a Wisdom, Cable 12 Director. special feature that allows cus- is “exclusively for New Provi- have customers on board. and selective call acceptance new telephone voice service “Customers will experience tomers to automatically route dence at the moment,” the “We have had trial cus- or rejection. which they call “the voice significant improvement with calls to an alternate number,” launch will extend to the Fam- tomers already and paying “Cable Bahamas will con- alternative for the Bahamas”. enhanced service quality and Dr Wisdom said. “This can ily Islands as soon as next year. customers because we did a tinue to demonstrate that we Revoice was announced all inclusive features and, of be any number – such as a “The intent is to get every- soft launch to introduce the are the proven partner of yesterday afternoon and is course, affordability,” Dr Wis- mobile phone, friend, or work where we can provide service,” product,” he said. “The num- choice for communications in exclusive to New Providence, dom said. number. When the disruption Mr Cabrelli said. “But from ber (of customers) are in the the Commonwealth of the with Family Island service He also spoke about a “spe- is restored, calls automatical- now until the end of this cal- thousands, now... and we Bahamas and the develop- coming “very soon” in the cial feature” of Revoice, ly ring back to your Revoice endar year, it’ll be New Provi- hope that’s going to increase ment of the Rev product set new year. where calls can be rerouted number. dence only.” Adding that the substantially.” reflects this,” Dr Wisdom said. %ULQJRXWWKHEHDXW\RI \RXUIORRUWKLV&KULVWPDV

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PAGE 12, THURSDAY, NOVEMBER 17, 2011 THE TRIBUNE LOCAL NEWS

ROBBERY ADDSmounting TO security SAFETY concerns. CONCERNSLast week, security guards at from page one “In incidents like this, we the Oakes Field campus dis- According to reports, a male only have one angle,” Mr Mor- tributed flyers stipulating safe- student was approached by four timer said. ty guidelines for using the cam- men, one of whom was alleged- “Students need to report pus at night, and tips on how ly armed with a handgun. what is actually happening, and to avoid robberies and what to The thugs stole the student’s provide more evidence to assist do during an assault. laptop and fled the scene, investigations so that the right “I hope that students will according to police, who arrest- steps can be taken. step up and rally for a more ed one suspect at Carter Street, “There is no defence for stu- secure campus,” said Mr Mor- Oakes Field. dents, and there’s a fear of the timer The incident comes on the student body to publish com- “Although students aren’t heels of an alleged robbery at a plaints properly. Come forward, speaking out, there’s a lot of classroom block last month. provide evidence so that the injustice and criminal activity The reports were investigated college can make a more justi- not being reported. by campus security and admin- fied decision. I don’t feel jus- Mr Mortimer added: “We istration, however, no factual tice is happening.” need students to bring it to the information could be obtained. Rumors of physical conflicts forefront, so we can approach As unconfirmed reports of with security, armed robberies, the college and address these criminal activity on campus attempted rapes and other issues.” continue to trickle in, Renbert crimes alleged to have occurred A college spokesperson said Mortimer III, student union on the Oakes Field Campus are an official statement would be president, called out for greater often not explored due to insuf- released on the incident; how- accountability from students ficient evidence, Mr Mortimer ever, no response was given last and administration to address said. night.

EXTRA POLICE“We’re also working IN alongFOXRoad HILL station who have respon- from page one with officers from the Wulff sibility for that area and also the (officer) who has responsi- bility for the Fox Hill area because we know that’s the area he lived in. We're trying to bring some closure to family members and try to make some sense of what actually took place early Saturday morning.” Pratt, 29, was celebrating with friends at a nightspot on St James Road during the early hours of Saturday morning before he was killed. Police described him as a “known” criminal but could not confirm if he was on bail for an offence at the time of his death. Pratt and Deslin Nichols - who was also killed earlier this year - were both charged with murder in 2005 after being on the run for nearly three years. The pair were accused of the 2002 murder of Kirk “Tank Dog” Ferguson which is believed to have sparked the retaliation killing of Pratt's mother and her son. Ferguson, 30, was shot near Sandilands Primary school. The double murder of Rose- mary Bennett Wright, Pratt's mother and her seven-year-old son Jakeel Wright on March 6, 2005, is believed to have been a revenge killing for Ferguson's death. Both were shot dead in their beds at their home on Adderley Street.

THE TRIBUNE THURSDAY, NOVEMBER 17, 2011, PAGE 13 LOCAL NEWS ‘Harbour fugitives and you commit a crime’ “These (persons) are not records (and find) that you Detectives think Pyfrom Homestead Street off Wulff may have some information from page one sleeping in bushes, they are are in communication with can help their investigation Road is wanted for ques- about a double shooting on Police also want to ques- sleeping in homes. We’re say- him we will be dealing with into the stabbing death of a tioning in connection with a Fowler Street off East Bay tion Kenny Roberts and Kei- ing to you, it is a criminal you,” said Mr Dean. 17-year-old girl at Moss murder at Wilson Track, Street, which occurred on th Oliver in connection with offence to harbour anyone Police want Missick's assis- Town, Exuma, which report- which occurred on Sunday, Wednesday, October 26. fraud investigations. who has (allegedly) commit- tance with their investigations edly occurred around 8.30pm July 10. The country’s homicide Mr Dean said police intelli- ted a crime, particularly if you into the murder of Damien on Friday, August 12. Officers of the Central count was 110 as of last gence suggests that the men have knowledge of that Bowe who was shot in Kemp Ormand Leon, 22, of Detective Unit think Chisolm night. are all in New Providence. (alleged) crime.” Road. “These persons are sleep- He warned families and Wallace is wanted for ques- ing in homes in New Provi- loved ones of the men that tioning in connection with the dence, these persons are dri- they could face harsh penal- murder of Leonardo Lewis, ving in cars in New Provi- ties if they are found hiding who was shot in the morning dence, these persons are at men wanted for questioning. at Palmetto Avenue as he was social events in New Provi- “The days are gone where heading home around 6am on dence. They are living in we will be negotiating with Thursday, September 15. neighbourhoods where (peo- people who harbour (wanted The two brothers are want- ple) know who these persons persons). ed for questioning in connec- About RBC and RBC Wealth Management are. “If we find you, which we tion with the murder of “We are saying to you, will do, we will find you, we Bradley Viticus who was shot Royal Bank of Canada, which operates under the brand name of RBC, is Canada’s please, these prolific offenders ask you to turn those persons in the Crooked Island Street largest bank, one of North America’s leading financial services companies, and who continue to be like some in and if we meet them on area, but died in hospital. among the largest banks in the world as measured by market capitalization. pillars in some of our com- your premises you and all Ormand Leon is wanted for Through a network of offices worldwide, the international division of RBC munities, we want them weed- sundry will be arrested and questioning in the investiga- ed out. We want to reverse dealt with in the full extent tion of Franscico Hanna’s provides comprehensive wealth management services to high net worth those pillars with more posi- of the law. murder. Hanna was shot in individuals and institutional clients in select markets around the world. tive role models. “If we track the (phone) Wilson Tract. Royal Bank of Canada Trust Company (Bahamas) Limited is a leading international private bank and trust company in the Bahamas, one of the world’s premier financial centers, serving high net worth individuals and corporate institutional clients. Royal Bank of Canada Trust Company (Bahamas) Limited is looking to hire a Senior Trust Offi cer The Senior Trust Officer will report into the Head of Trust Services, RBC Wealth Management Caribbean and will be responsible for administering a portfolio of complex trust structures for high net worth individuals as well as providing support, strong leadership and fostering teamwork amongst a group of highly motivated professional Trust Officers and Trust Administrators, ensuring that all administrative issues are dealt with accurately and effi ciently.

Key accountabilities include: • Ensure that strong technical knowledge of all aspects of trust and company administration is delivered: this includes attending client meetings and understanding the correct administrative needs associated with the structure. • Providing assistance to increase profitability of the company/shareholder value by identifying opportunities to extend the trust services, and to use the bank offering to implement solutions for clients where appropriate. • Proven superior sales acumen, with ability to attract, build and strengthen relationships with key clients and intermediaries and identify new ideas in relation to products and services that may be offered by the company. • Maintains and grows revenue through building relationship with the PRM in retention and extension of existing clients’ accounts, cross selling and obtaining new clients through existing client referrals. Review profi tability of each administered trust, company and other fiduciary structure and take remedial action where appropriate taking into account the degree of risk and complexity associated with the structure and the value given to Client. • A key role in the on boarding of new trusts and companies • Working closely with referral sources, internal and external partners to deliver superior client experience during the take on process. • Responsible for the supervision, training and development of a team of Trust Officers and Administrators. • Provide input on trust policies and procedures to other members within the unit as and when required. "//06/$*/( 5)&
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PAGE 14, THURSDAY, NOVEMBER 17, 2011 THE TRIBUNE LOCAL NEWS Phenton Neymour: Let the party decide at home there. It is the island I From what I hear, his own Mr Neymour denied this PM: BOUNDARY CLAIMS FALSE from page one love and I hope one day to rep- party (PLP) does not support was a move by the govern- from page one him. What I am concerned ment to increase his chances “Let me make this clear, resent them.” about is the island of Exuma in Exuma, but rather “the by the PLP as to which seats South Beach has elected me Mr Neymour said if he is chosen to run in Exuma, he is and its development,” he said. only sensible thing to do.” will be eliminated - but it is and supported me and I am not a true story.” proud and thankful for that. In not worried about the current “The race is not about me “Joining Ragged Island to fact, I never knew how much I Member of Parliament, or Mr Moss, it is about finding Exuma is the right choice Mr Ingraham said the Free was appreciated since the issue Anthony Moss, because he is the best possible leadership since that is how it was for National Movement has been of Exuma came up,” he said. sure he can defeat him. for the island. Exuma is in years. Ragged Island has committed to reducing the “I was born in Exuma and “I am not overly concerned need of leadership. It is in always been in Exuma. Only size of the House of Assembly the majority of my family still about Mr Moss. He should transition and needs someone recently, over the last two since first elected. In 1997, he resides there. My family has not be concerned about me. strong and influential who has elections, has it been attached pointed out how his party cut the full support of their party. to Long Island. So we are only requested me to go there. I feel He has his own concerns. the number of seats from 49 I have always assisted Exuma reuniting it to where it has to 40 – while under the sub- PM HUBERT INGRAHAM and I will continue to assist always been,” he said. sequent PLP government, it seeking to have 23 seats - them.” “The daily operations for was increased to 41. which should produce an The Boundaries Commis- Ragged Island all run out of Mr Ingraham said it has average number of voters per sion recently proposed joining Exuma already. If you go to always been the FNM’s inten- constituency of 4,170 or there Ragged Island to Exuma to Exuma you will notice most of tion to reduce seats to 38, the about.” form one constituency. Cur- the people there originated minimum under the Consti- Mr Ingraham also con- rently it is joined to Long from Ragged Island.” tution. firmed the Boundaries Com- Island. Mr Neymour said regardless “In terms of how the lines mission will propose that Ragged island is perceived of whether he is ratified for are configured, I am not some constituency names be as an FNM stronghold and Exuma or South Beach, he will familiar with the details of changed and boundary lines political observers have spec- serve to the best of his ability. that,” said Mr Ingraham. ulated it was merged with The Boundaries Commission altered. Exuma to secure a win for the is expected to complete its final “All I know is the FNM Responding to recent PLP party. report by the end of the week. would have drawn equitable claims that a smaller number and fair lines consistent with of seats will put a strain on its mandate to see as many members of Parliament, Mr seats as possible have an Ingraham said with boundary equal number of votes, and changes, constituencies in where they are not equal, New Providence will grow on ensure the inequality does not average by 500 voters. exceed a certain percentage.” The argument that such an The Prime Minister said the increase would spread MPs Family Islands will continue too thin is “nonsensical”, to have 10 seats, even though according to Mr Ingraham. they have 10 to 15 per cent of “I do not understand what the total registered voter pop- they mean by a strain on MPs, ulation in the Bahamas. the lazy ones among us will Grand Bahama will also always be lazy. I cannot imag- maintain its current five seats. ine why there would be a There are now 96,000 reg- strain on an MP in New Prov- istered voters in New Provi- idence to visit his constituen- dence, Mr Ingraham con- cy and be responsive to them, firmed. after all the government gives He said: “New Providence them $1,500 a month to main- has 77 per cent of the popula- tain an office and be available tion and so we are so we are to them,” he said.

THE TRIBUNE THURSDAY, NOVEMBER 17, 2011, PAGE 15 LOCAL NEWS

33 YEARS FORonly CONVICTEDtalk to a picture because tenceMURDERER handed down on his client. from page one you took him away from me,” “I feel (the sentence) is just He also pleaded guilty to said Ms Patton, wiping tears and it allows him to be reha- armed robbery, possession of from her eyes. bilitated and to become a pro- an unlicensed firearm and pos- Ms Patton said Devon was ductive member of society. It session of ammunition. her first born and a good broth- will serve as a lesson he can car- Bradley Burrows, who was er to his two sisters. ry to prison. also charged with Mader, was She told Mader that she does Mr Shurland stated that his on Monday acquitted of all the not hate him. “I pray for you client did the right thing by charges in exchange for becom- everyday. I forgive you,” she pleading guilty to the offences ing a key witness for the Crown. said. and by expressing his remorse. At the sentencing on Wednes- Prosecutor Erica Kemp rec- “He could have received 50 day, the prosecution informed ommended a prison term of 33 to 60 years. It was a ‘no brainer’ Justice Hartman Longley that years on the murder count, 15 to plead guilty of the offence the mother of the deceased years on the second count, and which he admitted and con- wished to address the court 10 years each on the third and fessed, and saving himself 30 before sentence was passed. fourth counts. She said sen- years of jail time,” he said. Defence Attorney Carlson tences are to run concurrently. Mader’s family did not take Shurland did not object. Ms Pat- Mrs Kemp noted that Mader the sentence well. ton told Mader that her son had had been in prison awaiting tri- As Mader was led away in plans for his future and did not al since last April and said the handcuffs by police, a family deserve to die the way he did. time would be taken into member, who was identified as “The only thing I have left account. the mother, wailed and col- of my son is his ashes. You can Attorney Carlson Shurland lapsed to the ground outside talk to your family, but I can said that he approves of the sen- the courthouse. PAGE 16, THURSDAY, NOVEMBER 17, 2011 THE TRIBUNE LOCAL NEWS Patient’s trip shows faith in team A MAN who received a life-saving defribrillator has returned to the Bahamas hos- pital that helped him in order to receive a surgical upgrade. In 2002, Guyanese native Professor Ulric Trotz became the first person to receive a cardiac resynchronization therapy defibrillator (CRTD) EXPERT STAFF: from a Bahamas surgical Pictured, from left, team. The CRTD is a life-sav- at the Bahamas ing device for patients with Interventional heart conditions. Cardiology Centre at He returned to the Doctors Hospital are Bahamas this month for an cardiac nurse Math- upgrade, deciding to work ew Sebastian, head with the same cardiac team nurse Celeste King- at The Bahamas Interven- Dorsett, surgeon Dr tional Cardiology Centre Delton Farquharson, (Cath Lab) at Doctors Hos- Professor Ulric Trotz, pital that helped to turn his cardiologist Dr life around. Bimal Francis, “Professor Trotz expressed Cath Lab technolo- his confidence and satisfac- gist Antoine Roberts tion with the care and services and anaesthetist he received and nine years lat- Dr Pablo DeSouza. er, he returns to The Bahamas and The Bahamas Pablo DeSouza, anaesthetist, the surgery, he is going to tricles while also providing a team extremely pleased and amenities here in the Heart Centre from Belize Antoine Roberts, cardiovas- wear a white shirt every day backup system in case of sud- happy, said Dr Brown. Bahamas. This is something where it was arranged to have cular technologist, and for the rest of his vacation. den cardiac arrest. “He could have gone any- that needs to be encouraged his life-saving device Celeste King-Dorsett, chief God’s willing, outside of plea- In 2002, Professor Trotz’s where in the United States, at a much larger scale in the replaced,” said Domica Davis, cardiac nurse, completed the sure, he will return to the routine vacation to the but he chose the Bahamas. It Bahamas,” he said. marketing and public rela- upgrade successfully. Bahamas to Dr Conville Bahamas turned into a night- showed the confidence he had Nurse King-Dorsett, of tions officer at the Bahamas “Professor Trotz returned Brown and team for another mare when he became seri- in our services; it was enough the Bahamas Heart Centre, Heart Centre. to Belize with a hearty smile. check-up,” said Ms Davis. ously ill with acute heart fail- to return nine years later,” he said: “This speaks volumes The team of Dr Delton He expressed that he feels The implanted device resets ure. He was treated by Dr said. for the medical tourism Farquharson, surgeon, Dr great and is so confident of the timing of the heart’s ven- Conville Brown, who with the The case of Professor Trotz industry. wider team, oversaw the com- demonstrates the “multiplier “Tourists can travel to the plete recovery of Professor effect” of medical tourism, Bahamas and know that there Trotz. said Dr Brown. are doctors here who are The fact that Professor “What we did was ensure trained and fully qualified to Trotz flew all the way to the that shortly after his proce- not only take care of them, Bahamas for his device to be dure, we were able to get him but provide any intervention replaced, makes him and his to join his wife and enjoy the that may be required.”

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SANDALS TARGETS 60 PER CENT BySALVAGING NEIL HARTNELL A ‘MULTI* Law firm contacted MILLION’ by three-four ‘major INDUSTRY international Tribune Business Editor OCCUPANCY TO ‘11 YEAR-END groups’ on wreck exploration/recovery in Bahamas * Cable Beach all-inclusive holding 33% A LEADING Bahamian law firm yes- * ‘Keen interest’ after reforms passed, with 200 wrecks said terday told Tribune Business that an average guest return rate wreck salvaging industry worth poten- to be near GB alone By CHESTER ROBARDS tially “hundreds of millions of dollars” * ‘Terrific’ tourism and cultural potential Tribune Senior Reporter might have been unleashed by law [email protected] changes passed this week, disclosing that the Antiquities, Monuments and Muse- yesterday, and said it was “sure” the it had been contacted by “three-four ums Bill passed by the House of Assem- amendments - which lay out the statuto- SANDALS Royal Bahamian is eyeing a 2012 first quarter major salvage groups” already. bly had paved the way for a sector that ry framework governing such operations The Bahamian law firm, well-known to opening for the guest rooms refurbished via a $20 million could create numerous tourism and cul- in this nation’s Exclusive Economic Zone investment, its general manager yesterday saying the all- Tribune Business but requesting tural spin-offs. (EEZ) - would “encourage a broad- anonymity because it wanted to protect inclusive resort was eyeing an average 60 per cent occupan- The firm was meeting with one party based, viable and sustainable industry, cy rate for the remainder of 2011. clients still in the infancy of their explo- interested in salvage/excavation oppor- ration discussions, said amendments to tunities in Bahamian waters in Miami SEE page 7B SEE page 3B

$8M PORT IPO ‘ALMOSTProspectus saidTHERE’ to be PUBLIC SECTOR ‘NOT TAKING with Commission for approval, as next week launch targeted to beat BAHAMAS INTO THIS CENTURY’ Christmas rush * Top accountant calls for further privatising, as Gov’t By NEIL HARTNELL ‘not making headway to make us competitive’ Tribune Business Editor

* Calls for Registrar General, revenue collection to be THE long-awaited $8 mil- targeted lion Arawak Cay port initial public offering (IPO) is “pret- * Says Gov’t needs to ‘get more for money spent’ on civil ty much there” and likely to service finally launch some time next week, a variety of capital mar- By NEIL HARTNELL kets players telling Tribune Tribune Business Editor Business it needed to come

The Government has little choice but to continue privatising key RAYMOND WINDER SEE page 8B revenue-generating agencies such as the Registrar General’s Department, a leading accountant warning yesterday that the public sector was failing to attract “the talent that is needed to take the country into the next century”. Raymond Winder, managing partner of Deloitte & Touche (Bahamas), told Tribune Business that despite the Government’s commitment to reducing public sector response times and improve efficiencies, it not appear to “be making the headway we need to make to be more competitive”. Suggesting that this reduced the Bahamas’ attractiveness as a for- SEE page 5B

FIRSTCARIBBEAN: ‘NO PLANS’

FOR BAHAMASBy NEIL DE-LISTHARTNELL Tribune Business Editor

FIRSTCARIBBEAN International Bank (Bahamas) has no intention of following its Jamaican affil- iate’s lead by de-listing from the Bahamas International Securities Exchange (BISX), Tribune Business was told yesterday, even though the percentage of its stock in KEITH DAVIES Bahamian public hands remains well below the exchange’s minimum 25 per cent threshold. Marie Rodland-Allen, FirstCaribbean International Bank (Bahamas) managing director, responding to Tri- bune Business’s inquiries after its Caribbean affiliate unveiled plans to de-list from $5.1968 the Jamaican Stock $4. Exchange, said: “We have$ for- mulated no plans to de-list or increase the local sharehold- ing at this stage. $5.1951 “The action in Jamaica was done at the request of the $4. Jamaican authorities, and we have had no such request $5.1769 from the Bahamas authori- ties. The Jamaican board's $4. decision was in direct response to repeated requests The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report. SEE page 6B

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PAGE 2B, THURSDAY, NOVEMBER 17, 2011 THE TRIBUNE BUSINESS

GET THE PICTURE ONBy DEIDRE M. BASTIANYOUR LOGOS“Wikipedia defines WITH the power of the a logo as being a Internet and trained eyes graphic mark or watching, it is important for a business to be uniquely iden- emblem common- tified and communicate its ly used by organi- message clearly. Equally, one sations, even of the easiest ways to recog- nise a company and distinguish individuals, to aid it from its competitors is by its and promote logo. That is arguably one of recognition. the most significant and val- ued elements of branding for Sounds simple, any organisation. but in a nutshell Wikipedia defines a logo as a logo plays a being a graphic mark or emblem commonly used by THE ART OF life-size role in organisations, even individu- the overall als, to aid and promote recog- development of a nition. Sounds simple, but in a GRAPHIX business.” nutshell a logo plays a life-size BY DEIDRE M BASTIAN role in the overall develop- ment of a business. In this context, a logo provides feedback this logo? What is its purpose to a potential customer, and its purpose is to and who is the target? This constitutes good make spectators say something like: ”Hey, planning, and can assist designers in fine-tun- look at this, it’s so cool.” In my humble ing the logo for a variety of media. opinion, a great logo instantly connects peo- ple with product, hence that wow facto. It Colour: When we see blue we think of can also be considered an art form, not a the sea. Red represents danger, while green math factor, so here is a list of some of its gives a feeling of calm with a reflection of common principles. grass and nature. Using these colours in the right context controls our thoughts in a good Flexibility: Every logo should be flexible way. But choosing colour should be the last so that it can be used on various media decision a designer makes when brain- (print, online, mobile). It will not always be storming a logo. printed in full colour, so ensure it has ade- quate contrast to allow for black and white Timeless: Style changes, but logos should- printing . n’t. As a result, being timeless should not alter the quality of your logo. Changing a Research/Questions: It is always a good logo every year is a grave error, especially if idea for designers to talk to their client at the the customer hardly learned your logo or start to ascertain future plans for the logo. bonded with it in the first year. Ask if it will be used for stationary, t-shirts, business cards, billboards, banners. Your Simplicity: Should everything in life be logo should be able to answer the questions: Why? , Who? and What? Why do you need SEE page 19B For Lease 66) LQWURGXFWRU\\HDUHQG SULFLQJ

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THE TRIBUNE THURSDAY, NOVEMBER 17, 2011, PAGE 3B BUSINESS

CELLULARCOMPETITION TO ONLY COME IN 2016 Cable Bahamas confirms aim to bid on first licence coming available in 2014 MARK CABRELLI, vice president of mar- By NATARIO McKENZIE market at the moment, and will be for the keting and sales, and Sharnette Curry, Tribune Business Reporter next few years. We are going to concen- marketing director CONDO FOR SALE [email protected] trate on the here and now. We‘re focus- ing on the three main products we can COMPETITION in the Bahamian cel- offer today. St. Albans Drive off West Bay St. lular telecommunications market may “Looking to the future, cellular is for the winner to get its infrastructure only arrive in 2016, it was suggested yes- absolutely on the agenda once the ready, it is possible cellular competition Beautiful 3 storey town house, 2 bed, 2 1/2 bath in terday, as Cable Bahamas confirmed it monopoly is taken away and it becomes may only become a reality in 2016. private gated property, swimming pool, Rec. Greg- would be bidding on the first licence to competitive. I understand that there is In the meantime, Cable Bahamas become available in 2014. going to be at least one further licence expects its new landline offering to pro- Interior, nished to your taste with stainless steel Mark Cabrelli, the BISX-listed com- that is going to be issued, and Cable vide serious competition to BTC. On appliances, granite tops etc. munications provider’s vice-president of Bahamas will hope to be in the running Wednesday, the company completed its marketing and sales, said it will being for that. We’ll certainly be very interest- triple play services of REVTV, its cable End Unit $225,000.00 looking at adding cellular phone services ed in that when it happens.” television offering, REVON, its Inter- to its offering once the Bahamas Among its main competitors for that net offering, and now REVOICE, its Middle Unit $217,000.00 Telecommunications Company’s (BTC’)s licence will be pan-Caribbean cellular fixed-line offering. current monopoly comes to an end. operator, Digicel. Cable Bahamas says a variety of pack- %DQNLQJ ¿QDQFLQJ DYDLODEOH Speaking at a press conference to BTC has a cellular monopoly in the ages will be offered to residential and announce the launch of Cable Bahamas’ Bahamas until April 6,2014. Given that it business customers, from local calling Tel: 325-1325 | 325-1408 | 477-0200 fixed landline phone service, REVOICE, will possibly take one year to award the and international calling to unlimited Mr Cabrelli said: “There is a monopoly licence post-bidding, and another year plans. SANDALS TARGETS 60 PER CENT Positions Available

OCCUPANCYfactors. TO ‘11 YEAR-ENDgoing to give that sort of com- FROM page one Mr Drake said the resort mitment then you have to was looking forward to the have a product to back it up.” Patrick Drake saidthat for opening of its refurbished 60- Mr Drake added that more the rest of the year, the Cable year-old building and further flights to the Bahamas has Beach-based resort property increasing its foothold on the also created a cosmopolitan will host numerous travel all-inclusive market in the mix of guests for the resort, agents from the US and region. with the resort holding an THE BAHAMAS RED CROSS SOCIETY SEEKS APPLICATIONS Canada, who will sell Sandals’ “Everybody is going after average return guest rate of newly-remodelled guest a diminishing market,” he 33 per cent. FOR THE FOLLOWING POSITIONS: rooms to their customers. said. “If you’re not at the top “With airlift coming in Mr Drake added that San- of the stream, obviously there from so many destinations dals’ “mega familiarisation” is no future at the bottom. At we are seeing quite a nice FIELD OFFICER (100% Full Time Employment) to be based in trips had already paid off, as the top of the market is still international mix,” said Mr 1HZ 3URYLGHQFH WR PDQDJH WKH GD\ WR GD\ ÀHOG DFWLYLWLHV RI D GLVDVWHU several agents have made where it’s at, and if you’re Drake. bookings for their clients this preparedness project targeting high risk communities in the Bahamas. year and into 2012 since visit- ing the property. 4XDOLÀHG FDQGLGDWHV ZLOO KDYH D FROOHJH GHJUHH RU HTXLYDOHQW DQG “We had a group last week, DW OHDVW  RQH \HDU RI WUDLQLQJ H[SHULHQFH LQ WKH ÀHOG RI GLVDVWHU close to 200 agents, and this management. Duties include supporting the Project Manager in the week already we have had a dozen bookings from those implementation and reporting on the National Society’s disaster people that were here just last UHVSRQVH SUHSDUHGQHVV DQG PLWLJDWLRQ DFWLYLWLHV ([SHULHQFH LQ week. That gives us a pretty good feel for what is happen- SURJUDPPDWLF SODQQLQJ LPSOHPHQWDWLRQ WUDLQLQJ IDFLOLWDWLRQ DQG ing,” said Mr Drake. PRQLWRULQJ DUH UHTXLUHG DQG H[SHULHQFH LQ VXSHUYLVLQJ VWDII RU “It is very costly to bring these people in and house YROXQWHHUV LV SUHIHUUHG &DQGLGDWH PXVW EH DEOH WR DFFRPPRGDWH D ZRUN them and feed them and VFKHGXOH WKDW PD\ LQFOXGH ZRUN RQ ZHHNHQGV DV ZHOO DV EH ÁH[LEOH entertain them for a time, but the rewards are without a to travel. To apply, email: [email protected] or doubt - you can see the blips [email protected] in the occupancies when the Closing date: November 18, 2011. agents get back home.” More than seven groups, totalling 1,000 travel agents from the US and Canada, will have visited Sandals Royal PROJECT COORDINATOR(100% FTE) to be based in New Bahamian by the end of the 3URYLGHQFH ZLWK UHVSRQVLELOLW\ IRU RYHUDOO PDQDJHPHQW DQG year. Mr Drake said following FRRUGLQDWLRQ RI WKH 1DWLRQDO 6RFLHW\·V GLVDVWHU PDQDJHPHQW SURJUDPPH the passage of Hurricane including activities related to response, preparedness and mitigation at Irene in August, the resort national and community levels. Responsibilities include project start had to refurbish some of its property, which he said has XS YROXQWHHU DQG VWDII UHFUXLWPHQW DQG HQVXULQJ UHSRUWLQJ V\VWHPV led to marked improvements project tools and protocols, and monitoring and evaluation systems in its look. And he added that bookings since the hurricane DUH LQ SODFH  SURMHFW LPSOHPHQWDWLRQ ZRUN SODQQLQJ WUDLQLQJ TXDOLW\ have been much better than control, monitoring, supervision), partnership development , managing expected. “We have seen an improve- DQ DGYLVRU\ ERG\ DQG EXVLQHVV GHYHORSPHQW 4XDOLÀHG FDQGLGDWHV ZLOO ment in the occupancy that KDYH D XQLYHUVLW\ GHJUHH DQG DW OHDVW  \HDUV RI GLVDVWHU SUHSDUHGQHVV we originally were forecast- ing,” he said. “But that seems UHVSRQVH LQYROYHPHQW $ SURYHQ WUDFN UHFRUG RI VXSHUYLVLQJ VWDII to be quite traditional of the YROXQWHHUV WUDLQLQJ DQG IDFLOLWDWLRQ DQG SURJUDPPDWLF SODQQLQJ Bahamas, which seems to be a LPSOHPHQWDWLRQ DQG PRQLWRULQJ DQG HYDOXDWLRQ DUH UHTXLUHG &DQGLGDWH late booking market.” After visiting the property must be able to accommodate a work schedule that may include yesterday, several travel ZRUN RQ ZHHNHQGV DQG ÁH[LELOLW\ WR WUDYHO LV D PXVW 7R DSSO\ HPDLO agents insisted they would have no problem convincing [email protected] their customers to visit San- dals Royal Bahamian. They cited the ease of trav- Closing date: November 18, 2011. el to the Bahamas, as well as the cuisine and friendliness of the people, as the top selling PAGE 4B, THURSDAY, NOVEMBER 17, 2011 THE TRIBUNE BUSINESS

COMMONWEALTH OF THE BAHAMAS 1997

IN THE SUPREME COURT No. 95 Equity Side ‘THOUSANDS’ EYE CABLE AS

IN THE MATTER OF WADE ADAMS CONSTRUCTION LIMITED (In Voluntary Liquidation under Supervision of FIXED-LINE ALTERNATIVE TO BTC By NATARIO McKENZIE the Supreme Court) Tribune Business Reporter AND [email protected]

IN THE M ATTER of the International CABLE Bahamas (CBL) Business Companies expects a ‘significant uptake’ Act 2000 Ch. 309, Statute Laws of in its new fixed line service, ‘REVOICE’, leading up to The Bahamas 2000 Edition the Christmas season and into 2012, a senior market- AND ing executive told Tribune Business yesterday. IN THE MATTER of the Companies Act The company yesterday 1992 Ch. 308 officially launched its fixed- Statute Laws of The Bahamas 2000 Edition line offering, REVOICE, via its subsidiary Systems Resource Group (SRG), adding the final piece to the NOTICE company’s ‘triple play’ com- munications, with REVTV and REVON constituting its terms of bringing customers cable television and Inter- on board, and we hope that NOTICE is hereby given that the Creditors of the net offerings, respectively. that is going to increase sub- Mark Cabrelli, the com- above-named Company are required, on or before the stantially as we move into pany’s vice-president of the New Year.” 19th day of December, 2011 to send their names and marketing and sales, said: Mr Cabrelli said Cable “We have launched it at this Bahamas, from now until addresses, with particulars of their debts or claims, and time because we think the the New Year, will roll-out market is ready for a com- the REVOICE offering in the names and addresses of their Attorneys (if any), to petitor to come in and offer New Providence, with plans the undersigned, Paul F. Clarke at One Montague Place, fixed-line services. to introduce it to the Family “We have offered it at this Islands in early 2012. East Bay Street, P.O. Box N-3932, Nassau, Bahamas, time of the year because On the fixed-voice side, we’re coming up on the hol- BTC is estimated to have 98 WKH 2IÀFLDO /LTXLGDWRU RI WKH VDLG &RPSDQ\ iday season, so we are per cent market share, expecting and hoping that Cable Bahamas inheriting 2 there will be a significant per cent from SRG. FURTHER TAKE NOTICE WKDW D ÀQDO GLYLGHQG LV uptake leading up to the Mr Cabrelli said Cable Christmas period and then Bahamas will be offering its intended to be declared in the above matter. Creditors into next year. We think fixed-line service at signifi- 2012 is going to be quite a cantly lower costs to its com- who do not prove their debts or claims by the 19th day defining time for the com- petitor, BTC. RI 'HFHPEHU  ZLOO EH H[FOXGHG IURP WKH EHQHÀW RI pany in terms of getting a “We will be offering sav- real solid market share of ings against the fixed-line this dividend. the fixed voice market.” company today. While not disclosing exact “We are offering various Dated 15th November, 2011 figures, Mr Cabrelli said that packages. thousands of customers have “We are offering dis- been introduced to the counts to the incumbent for offering via the company’s sure. Once we can offer our Paul F. Clarke soft launch. bundled service, there will 2IÀFLDO /LTXLGDWRU “We had a soft launch,” be even deeper benefits we he added. “The numbers can pass on to our cus- were in the thousands in tomers,” he added.

THE TRIBUNE THURSDAY, NOVEMBER 17, 2011, PAGE 5B BUSINESS FROM page one getting the benefits needed,” retirements, all this forces us Mr Winder told Tribune Busi- to be more efficient with the PUBLIC SECTOR ‘NOT TAKING BAHAMAS INTO THIS CENTURY’ ness. individuals we currently have, eign direct investment (FDI) unable to improve the results making the headway we need ment cannot afford to grow “When you look at the cost because the costs are not destination, Mr Winder said of students, and GPAs are to be competitive,” Mr Winder public expenditure without pressures from civil service decreasing.” that while there were many below standard”. told Tribune Business. highly qualified, productive This, the Bahamas’ lead “It’s the ease of being able civil servants in the public ser- WTO negotiator added, “has to provide these services in a vice, the present fiscal situa- created a deficiency in the timely and efficient way, and tion meant the Government public sector being able to compete in a way to attract “needed to get more for the attract the kind of talent that is the kind of foreign direct money spent”. needed to take the country investment, and additional In other words, the Deloitte into the next century. companies and individuals, & Touche (Bahamas) manag- “This is one of the reasons wanting to do business in the ing partner is saying the public why the Government is finding Bahamas.” sector needs to do more with it difficult to retire some of its Without such improve- less, become more productive better civil servants, and when ments, he warned it “makes it and efficient, and deliver we look at the ease of doing very difficult to do business”. greater value for taxpayer business, we have dropped Numerous businesses and money. several notches in the rank- entrepreneurs, Mr Winder Tracing the public sector’s ings,” Mr Winder told Tribune said, frequently seemed to be increasing difficulty in attract- Business. “concerned and complaining ing the best and brightest “In order for us to raise that about how long and how Bahamians to both the private level, and be able to solve quickly they get responses sector’s evolution, coupled many of the challenges we back from the various min- with the well-publicised edu- have in the public sector, the istries. cation system failings, Mr Government will have to con- “This is not to say we don’t Winder said: “On the drive to tinue privatising the various have good and qualified peo- independence, the Bahamas public corporations and major ple in the public sector,” he was able to attract the best and activities within the Govern- added, “but because of the brightest Bahamians into the ment itself, such as the Reg- demand for talent in other sec- public sector, but as the nation istry of Companies and Regis- tors, and what is seen as a lack grew and opportunities in oth- trar General’s Office.” of sufficient opportunities over er sectors became available - He also urged the Govern- time, this is going to make life accountants, lawyers, doctors ment to focus on outsourcing in the public sector much more engineers and the like - those various aspects of revenue col- difficult in terms of what it professions were able to lection to the Bahamian pri- needs to do.” attract the best talents coming vate sector, plus operations And such woes were set to out of school in the last 15-25 such as the Tonique Williams- be further exacerbated by the years.” Darling Highway landfill. fiscal constraints the Govern- The better salaries and tal- “The position is for us, that ment is now labouring under. ents on offer in the Bahamian even though the Government “When you look at the Bud- private sector, Mr Winder seems to be committed to get and the need to curtail added, had “coupled with the improving the timeframe, effi- spending, we’re going to need fact the quality of education ciency and ease of doing busi- to get more for the money has not kept pace - we’ve been ness, we don’t seem to be spent in this area, and govern-

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PAGE 6B, THURSDAY, NOVEMBER 17, 2011 THE TRIBUNE BUSINESS FROM page one not at liberty to discuss”. Mr Davies told Tribune Business: “We were satisfied from the Jamaica Stock with their answer. There are Exchange to address the reg- any number of factors to con- ulatory breach there, which sider when increasing the per- has no bearing on our centage in public hands. Bahamas investment.” FIRSTCARIBBEAN: ‘NO PLANS’ “That’s the value of any FirstCaribbean Interna- particular issue, the ability of tional Bank (Jamaica) moved the market to absorb it, and to de-list in that nation after it its willingness to receive addi- came under pressure because tional securities.” the percentage of its stock in The BISX chief executive the hands of Jamaican public said each listed stock, and the tive approaches of BISX and impending, government-con- cent and 9 per cent, respec- ance is held by the bank’s investors, at around 4 per percentage of shares in public cent, was well below the 20 itsFOR Jamaican counterpart, BAHAMASnected initial public offerings tively, well below theDE-LIST BISX Barbados-based regional par- hands, had to be “viewed on especially since First- (IPOs) - the $8 million threshold. ent. per cent minimum set by that its merits”. It was an issue that Caribbean International Bank Arawak Cay Port issue, and While confirming that If FirstCaribbean Interna- stock exchange’s listing rules. was constantly reviewed to (Bahamas) also has just 4.79 the likely $37 million “nothing was afoot in the tional Bank (Bahamas) had BISX actually has a higher determine if the ‘percentage’ per cent of its stock, as at Bahamas Telecommunica- Bahamas” with respect to followed its Jamaican affili- minimum percentage of a list- was suitable for a company’s October 31, 2010, in public tions Company (BTC) flota- FirstCaribbean’s listing here, ate’s lead it would have been ed stock that must be in the continued listing. hands. tion. BISX’s chief executive, Keith a big blow to the Bahamian hands of Bahamian institu- Mr Davies said many list- The BISX 25 per cent min- Both these IPOs will offer Davies, implied that the 25 capital markets, at least from tional and retail investors, at ed companies with public imum threshold will also Bahamian public investors per cent benchmark was not a a market capitalisation stand- 25 per cent. It is thus inter- shareholdings of less than 25 come into play with two cumulative stakes of 20 per ‘hard and fast rule’, and that point. It is the largest BISX esting to contrast the respec- per cent had existed before the exchange’s assessment of market cap, accounting for BISX, and were “grandfa- any potential listing was based around 40 per cent of the thered in” after its creation. on all “circumstances” - such market, and a relatively liq- As regards new listings, as the total value and mar- uid stock. they would have to meet the ket’s ability to absorb it. “It’s a sought after stock. 25 per cent benchmark “Once they [First- It’s not the most liquid, but “unless there are circum- Caribbean] initially applied it’s the largest cap stock, stances that warrant that to for listing, we determined and when you talk about be different”. they had a sufficient market, the amount in public hands Explaining the rationale for despite the fact the percent- it’s a very liquid company,” potentially treating the age was below our opera- the BISX chief executive Arawak Cay port and BTC tional requirements,” Mr added. IPOs differently, Mr Davies Davies said. Mr Davies, meanwhile, said said: “It depends on the size “They had a sufficient mar- BISX had previously com- of the company. You may ket to justify listing and trad- municated with First- have a billion dollar company ing on the exchange. That Caribbean International Bank seeking to raise several hun- position has not changed to (Bahamas) “as to its future dreds of million dollars. It can date, and we’ve had not rea- plans and offering additional depend on the size of the son to review that.” securities to increase the per- company, the age of the com- Around 5.7 million First- centage held in the market”. pany.” Caribbean International Bank He added that the bank Given that the largest IPO (Bahamas) shares were in had indicated it would review in Bahamian capital market Bahamian public investor this, and “there were a few history, this year’s Common- hands as at October 31, 2010, other options discussed as wealth Brewery IPO, raised out of a total 120.221 million well relating to the percent- just over $50 million (the shares. The 95.21 per cent bal- age in public hands that I’m National Insurance Board picking up the roughly $12.5 million balance), the decision NOTICE to float just 9 per cent of BTC - as opposed to the Govern- International Business Companies Act ment’s entire 51 per cent (No. 46 of 2000) stake, seems realistic and pru- dent. Exclusive Resorts AB-I, Ltd. “There are a number of fac- tors to do with the size and reception of the market, and Registration Number: 134044B its ability to absorb any poten- (In Voluntary Liquidation) tial offering,” Mr Davies told Tribune Business. Notice is hereby given that in accordance with Section 138 (4) of And, as with all potential the International Business Companies Act (No. 46 or 2000) Exclusive Resorts listings, the Arawak Cay port AB-I, Ltd. commenced voluntary liquidation on 10th Novemeber, 2011. and BTC will, in their appli- cation, have to list and explain Any person having any claim against Exclusive Resorts AB-I, Ltd. the amount/percentage of is required on or before the 12th day of December, 2011 to send their shares being offered to the Bahamian public, and the name, address and particulars of the debt or claim to the Liquidator of the price being paid. FRPSDQ\RULQGHIDXOWWKHUHRIWKH\PD\KDYHH[FOXGHGIURPWKHEHQHÀW “They must answer how of any distribution made before such claim is approved. much they wish to sell, and explain why they wish to sell GSO Corporate Services Ltd., of 303 Shirley Street, Nassau, The that amount and what price,” Bahamas is the Liquidator of DEGA INC. Mr Davies added. “We will wait to see what they have to GSO Corporate Services Ltd. say, and make a determina- Liquidator tion thereafter.”

THE TRIBUNE THURSDAY, NOVEMBER 17, 2011, PAGE 7B BUSINESS FROM page one centred in, and around, the northern Bahamas, Little Bahama Bank and the island of Grand Bahama, in particu- CSALVAGINGolumbus, and later used That, though, A had reached‘MULTIsible tourist attraction. MILLION’Meanwhile, the Bahami-INDUSTRYwe are grateful to note that lar”. as a piracy bolt-hole), it the stage where major The 75/25 split is condi- an law firm said it awaited the Government of the Confirming it had sug- would seem likely there are heavy-duty equipment was tional, with the Govern- the Bill’s accompanying Bahamas has ensured that gested the 75/25 profit split numerous wrecks in deep- required to complete any ment getting more depend- regulations, which were Bahamians and Bahamian between excavator and lying Bahamian waters. further salvage. ing on the artifact’s cultur- needed to “govern this flagships may now lawfully government, based on “It could have great The senior attorney also al value - and deciding industry and avoid the explore and discover points, for each artifact dis- touristic spin-offs and job old Tribune Business had those that were valuable - potential abuse and mis- underwater cultural her- covered in Bahamian spin-offs, not only on the had been told that “in upfront. treatment of the Bahamas’ itage artifacts and items waters, a top partner at the boats,” the law firm’s lead- Switzerland, they’re con- The Bill states: “Both natural resources”. without penalty or sanc- law firm, speaking to Tri- ing partner told Tribune stantly auctioning Bahami- government and licensee “Our country has previ- tion. bune Business on condition Business. “You set up a an artifacts, which have to agree in writing that ously learned that should “We are very much of anonymity, said: “We’ve processing centre, where been stolen from our coun- government’s retention of we not protect our assets aware that there remains had a number of calls from you clean and certify arti- try”. artifacts important to the they will remain subject to the needed or required international treasure sal- facts. That’s an industry by As a result, the legisla- protection of the national today’s pirates, much in the application and approval vagers who are keenly itself.” tive amendments to the patrimony may exceed gov- form and not the appear- process to further survey interested in salvaging the The attorney said many Antiquities, Monuments ernment’s 25 per cent share ance, of days of old,” the and/or recover and/or sal- Bahamas, and have been Bahamians had made mon- and Museums Bill have in certain years with the law firm added. vage these items and arti- keen to do so for many ey by salvaging wrecks they been designed to protect imbalance to be corrected “In our reading and facts comprising any under- years. knew about, referring to potentially valuable by future divisions.” understanding of the Bill, water cultural heritage.” “This interest goes back one now-deceased Aba- Bahamian artifacts that for at least five years. conian who had known the may be recovered, enabling We’ve heard of at least two whereabouts of a major them to be retained for wrecks. We’d say it could wreck, and had been able museums to protect this possibly be an industry in to recover gold coins and nation’s cultural heritage - the hundreds of millions. other valuable artifacts. as well as serving as a pos- It has terrific touristic and cultural potential. “We’ve already had interest from three or four major groups, and we think more will come. There’s said to be 200 wrecks around Grand Bahama alone.” Wreck exploration and salvaging, and the prospect of finding valuable arti- facts, could be another potential economic sector for a Bahamian economy desperately in need of diversification and new revenue/employment sources. A moratorium on such activities had been in place for several years, and that - coupled with uncertainty over the legal, regulatory and profit-sharing regime governing it - had deterred major international sal- vagers from dipping their toe into the Bahamian market. Given this nation’s posi- tion at the heart of the Caribbean, Atlantic and Florida waterways, and rich history (having been discovered by Christopher

PROCLAMATION

WHEREAS, there has been an Anglican presence in these Islands for more than 360 years;

AND WHEREAS, pastoral and administrative oversight thereof was given originally by the Bishop of London who was responsible for church life in all British Colonies;

AND WHEREAS, the territories of the West Indies developed to the extent that in 1824 pastoral and administrative authority was transferred thereto with the establishment of the Anglican Dioceses of Jamaica and Barbados, and The Bahama Islands and The Turks and Caicos Islands coming under the oversight of the Diocese of Jamaica;

AND WHEREAS, ongoing development in the Bahama Islands and The Turks and Caicos Islands led to the separation from the Anglican Diocese of Jamaica and their formation into a self-governing entity, then called the Diocese of Nassau;

AND WHEREAS, with the issuing of Letters Patent by Queen Victoria on 4 November, 1861, Dr. Charles Caulfield was designated as the Bishop-elect of the new Diocese of Nassau, the Parish of Christ Church was designated the Cathedral and, only then could the “Towne of Nassau” be created a city;

AND WHEREAS, the history, evolution and development of both the said Diocese of Nassau, and the said City of Nassau have been inextricably intertwined over these centuries;

AND WHEREAS, this year marks the 150th Anniversary of their common foundation;

NOW, THEREFORE, I, Hubert A. Ingraham, Prime Minister of the Commonwealth of The Bahamas, do hereby proclaim the month of November, 2011 as “150TH ANNIVERSARY MONTH”, celebrating the establishment of the Anglican Diocese of The Bahamas and The Turks and Caicos Islands, and the establishment of the City of Nassau.

IN WITNESS WHEREOF, I have hereunto set my Hand and Seal this 18th day of October, 2011. ( D

HUBERT A. INGRAHAM F 5 5 Prime Minister )

PAGE 8B, THURSDAY, NOVEMBER 17, 2011 THE TRIBUNE BUSINESS it is unlikely to be paying out 100 per cent of its annual earnings as dividends for some years. $8M PORT andIPO Ministry ‘ALMOSTof Finance hav- dence’s THERE’ sole purpose-built The delay in the IPO’s FROM page one ing finished their work on it. commercial shipping port - in launch may also mean that its The Arawak Cay Port late September/early October. advisers will have to again whet market appetite, and out imminently to beat Christ- Development Company and That was some six weeks its financial advisers/place- ago, and Tribune Business regain investor confidence, mas. for the $8 million issue by Multiple sources, some ment agents, CFAL and Prov- was told that the original time- idence Advisors, had initially frame had been delayed due explaining what caused the close to the situation, told Tri- push back. bune Business that the IPO hoped to launch the IPO - to the fact that numerous per- intended to give Bahamian sons, including the Port’s Still, one Tribune Business prospectus was now at the source expressed confidence Securities Commission for the institutional and retail Board and private sharehold- investors a collective 20 per ers, plus the Government, had the issue would still be over- regulator’s review and subscribed. “All the PRs approval, the Government cent stake in New Provi- to agree and sign-off on the prospectus. lined up for it,” they added, It is understood, though, “and maybe people can buy that everyone connected with shares as Christmas presents. &20021:($/7+2)7+(%$+$0$6 the IPO - the Port company, executive chairman, did not financial numbers continual- “Based on the expressions the Government, regulators return Tribune Business’s ly require tweaking, and its of interest that have been ,1 7+(6835(0(&2857&/(48, and advisers - is conscious of calls seeking comment. private-partnership structure coming in, it’s highly likely the need to launch the offer- However, another well- requires input from numer- this will be oversubscribed. It &20021/$:$1'(48,7<',9,6,21 ing by next week, to give connected contact also famil- ous parties into the decision- creates a nice ownership investors the normal four iar with the IPO’s progress, making. opportunity for Bahamians.” weeks to decide whether to said: “It’s pretty much there, Asked whether all parties Another capital markets invest. to be honest. It’s just taken were aware of the impending source added that, if the $8 ,1 7+( 0$77(5 2) DOO WKDW SLHFH SDUFHO RU ORW RI million issue was oversub- ODQG FRQWDLQLQJ )LYH 7KRXVDQG 7ZR +XQGUHG DQG Any later, and the Arawak longer than planned. Various clash with Christmas, the Cay Port IPO runs the risk of people had to review it, and source replied: “They’re very scribed, the Port’s advisers 1LQHWHHQ 6TXDUH IHHW   VLWXDWH DSSUR[LPDWHO\ the Port’s operating plan con- conscious of that, so hopeful- would likely adopt a ‘bottom 6HYHQW\)LYH   IHHW (DVW RI WKH MXQFWLRQ RI clashing with the last-minute Christmas shopping period, tinues to be tweaked. ly it will be imminent. There’s up’ approach, ensuring all 'XQPRUH6WUHHWDQG'XNH6WUHHWZKLFKSLHFHSDUFHO “There was a series of only a small number of things subscribers received shares RU ORW RI ODQG LV ERXQGHG RQ WKH 1RUWK E\ D ORW RI when minds are elsewhere. The delay in getting this IPO things that added up to a that need to be dealt with.” up to a certain level. They ODQG WKH SURSHUW\ RI +RZDUG $OEXU\ DQG UXQQLQJ off the ground has also almost delay from the earlier pro- Tribune Business also would then have to determine WKHUHRQ 6HYHQW\ DQG )LIW\7ZR +XQGUHGWKV   certainly pushed the Bahamas posed timing. The Govern- understands that the IPO how to allocate the remain- IHHW DQG ERXQGHG RQ WKH :HVW E\ WKH 3XEOLF 5RDG Telecommunications Compa- ment took a while to come prospectus will make clear der. DQG UXQQLQJ WKHUHRQ )RUW\2QH DQG (LJKW\7KUHH ny (BTC) flotation back into back with their comments, that the guaranteed 10 per The source said the main +XQGUHGWKV  IHHWDQGERXQGHGRQWKH6RXWK the New Year. which were not earth shatter- cent internal rate of return objective with the Arawak E\ WKHSURSHUW\RI0HUF\+LJJV-RKQVRQDQGUXQQLQJ “Everything is at the [Secu- ing. There’s a lot of players (IRR) the Arawak Cay Port Cay Port offering was to WKHUHRQ 1LQHW\6HYHQ DQG 7KLUW\(LJKW +XQGUHGWKV rities] Commission,” one well- involved here that need to will enjoy, as set out in the deepen and broaden Bahami-   IHHW DQG ERXQGHG RQ WKH (DVW E\ D ORW RI placed source told Tribune look at it and give their Memorandum of Under- an participation in the capital ODQG WKH SURSHUW\ RI %HUWUDP .HQQHWK 6DZ\HU DQG Business, declining to com- input.” standing (MoU) between the markets, and ownership of UXQQLQJ WKHUHRQ 1LQHW\ DQG )LIW\1LQH +XQGUHGWKV ment further. Philip Stubbs, With construction of the Government and private sec- key economic assets.  IHHWRQWKH,VODQGRI+DUERXU,VODQGRQHRI the Securities Commission’s Arawak Cay port ongoing, its tor, applies only to the com- The Government and pri- WKH,VODQGVRIWKH&RPPRQZHDOWKRI7KH%DKDPDV pany and does not mean vate sector each invested $20 investors enjoy a guaranteed million into the Arawak Cay Legal Notice annual 10 per cent return. Port, and are selling off 20 “There was some discus- per cent or $4 million each, $1' NOTICE sion about that,” Tribune of their stakes. Once the IPO Business’s source conceded, is completed, the Govern- FLY ONE EIGHTY EIGHT LIMITED “but the MoU is pretty clear ment and private sector will ,17+(0$77(52)WKH4XLHWLQJ7LWOHV$FW that attaches to the project. each own a 40 per cent stake, There was some discussion with the public holding 20 per NOTICE IS HEREBY GIVEN as follows: about making investors cent. $1' understand that does not A $40 million private placement, scheduled for next (a) Fly One Eighty Eight Limited. is in dissolution under mean a minimum 10 per cent dividend.” year, is designed to replace ,1 7+(0$77(52)WKH3HWLWLRQRI%(575$0 the provisions of the International Business Companies Given that the Arawak Cay the original line of bank cred- .(11(7+6$:<(5 Act 2000 Port is in its initial construc- it financing taken out for the tion and development phase, construction phase. BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB (b) The dissolution of the said Company commenced on 127,&(2)3(7,7,21 the 17th October, 2011 when its Articles of Dissolution BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB were submitted to and registered by the Registrar 127,&( General. 127,&( LV KHUHE\ JLYHQ WKDW 6+$5/(1( )25%(6 0$-25 RI)2;+,//1$66$8 %$+$0$6 LV DSSO\LQJ WR WKH 0LQLVWHU 7KH 3HWLWLRQ RI %(575$0 .(11(7+ (c) The Liquidator of the said Company is Deltec Bank 6$:<(5 RIWKH,VODQGRI+DUERXU,VODQGRQHRIWKH UHVSRQVLEOH IRU 1DWLRQDOLW\ DQG &LWL]HQVKLS IRU UHJLVWUDWLRQ ,VODQGV RI WKH &RPPRQZHDOWK RI 7KH %DKDPDV LQ & Trust Limited, Deltec House, Lyford Cay, P.O. Box QDWXUDOL]DWLRQ DV D FLWL]HQ RI 7KH %DKDPDV DQG WKDW DQ\ UHVSHFWRI N-3229, Nassau, Bahamas. SHUVRQ ZKR NQRZV DQ\ UHDVRQ ZK\ UHJLVWUDWLRQQDWXUDOL]DWLRQ VKRXOG QRW EH JUDQWHG VKRXOG VHQG D ZULWWHQ DQG VLJQHG ³$// 7+$7SLHFHSDUFHORUORWRIODQGFRQWDLQLQJ Deltec Bank & Trust Limited VWDWHPHQW RI WKH IDFWV ZLWKLQ WZHQW\HLJKW GD\V IURP WKH WK )LYH7KRXVDQG7ZR+XQGUHGDQG1LQHWHHQ6TXDUH Liquidator  GD\ RI 1RYHPEHU  WR WKH 0LQLVWHU UHVSRQVLEOH IRU IHHW   VLWXDWH DSSUR[LPDWHO\ 6HYHQW\)LYH QDWLRQDOLW\ DQG &LWL]HQVKLS 32 %R[ 1 1DVVDX %DKDPDV  IHHW(DVWRIWKHMXQFWLRQRI'XQPRUH6WUHHW DQG 'XNH 6WUHHW ZKLFK SLHFH SDUFHO RU ORW RI ODQGLVERXQGHGRQWKH1RUWKE\DORWRIODQGWKH SURSHUW\RI+RZDUG$OEXU\DQGUXQQLQJWKHUHRQ Legal Notice 6HYHQW\ DQG )LIW\7ZR +XQGUHGWKV   IHHW NOTICE NOTICE DQG ERXQGHG RQ WKH :HVW E\ WKH 3XEOLF 5RDG DQGUXQQLQJWKHUHRQ)RUW\2QHDQG(LJKW\7KUHH INTERNATIONAL BUSINESS COMPANIES ACT +XQGUHGWKV  IHHWDQGERXQGHGRQWKH6RXWK (No 46 of 2000) FLY ONE EIGHTY EIGHT LIMITED E\ WKH SURSHUW\ RI 0HUF\ +LJJV-RKQVRQ DQG UXQQLQJ WKHUHRQ 1LQHW\6HYHQ DQG 7KLUW\(LJKW MIKADO HOLDING INTERNATIONAL LIMITED NOTICE IS HEREBY GIVEN as follows: +XQGUHGWKV  IHHWDQGERXQGHGRQWKH(DVW (IBC N° 143391 B) E\DORWRIODQGWKHSURSHUW\RI%HUWUDP.HQQHWK (In Voluntary Liquidation) 6DZ\HUDQGUXQQLQJWKHUHRQ1LQHW\DQG)LIW\1LQH (a) Fly One Eighty Eight Limited. is in dissolution under +XQGUHGWKV  IHHWRQWKH,VODQGRI+DUERXU NOTICE is hereby given that in accordance with Section 138 of the provisions of the International Business Companies ,VODQGRQHRIWKH,VODQGVRIWKH&RPPRQZHDOWK the International Business Companies Act No. 46 of 2000, MI- Act 2000 RI7KH%DKDPDVZKLFKVDLGSLHFHSDUFHORUORWRI KADO HOLDING INTERNATIONAL LIMITED is in Dis- ODQGKDVVXFKSRVLWLRQVKDSHPDUNVERXQGDULHV DQG GLPHQVLRQVDVDUHVKRZQRQWKHSODQ¿OHGLQ solution. (b) The dissolution of the said Company commenced on WKLVPDWWHUDQGLVGHOLQHDWHGRQWKDWSDUWRIWKH Any person having a Claim against the above-named Company is the 17th October, 2011 when its Articles of Dissolution VDLGSODQFRORXUHG3LQN´ required on or before 10th January, 2012 to send their name, ad- were submitted to and registered by the Registrar dress and particulars of the debt or claim to the Liquidator of the General. 127,&( ,6 +(5(%< *,9(1 WKDW %HUWUDP Company, or in default thereof they may be excluded from the .HQQHWK 6DZ\HU FODLPV WR EH WKH RZQHU LQ IHH EHQHÀW RI DQ\ GLVWULEXWLRQ PDGH EHIRUH VXFK FODLP LV DSSURYHG VLPSOH LQ SRVVHVVLRQ RI WKH VDLG ODQG DQG KDV (c) The Liquidator of the said Company is Deltec Bank & Trust Limited, Deltec House, Lyford Cay, P.O. Box PDGH DSSOLFDWLRQ WR WKH 6XSUHPH &RXUW RI WKH Rosana Hollins of Suite 2B, Mansion House, 143 Main Street, &RPPRQZHDOWK RI WKH %DKDPDV SXUVXDQW WR WKH N-3229, Nassau, Bahamas. 4XLHWLQJ 7LWOHV $FW  &KDSWHU   WR KDYH Gibraltar, is the Liquidator of MIKADO HOLDING INTERNA- TIONAL LIMITED KLVWLWOHWRWKHVDLGODQGLQYHVWLJDWHGDQGWKHQDWXUH Deltec Bank & Trust Limited DQG H[WHQW WKHUHRI GHWHUPLQHG DQG GHFODUHG LQ D &HUWL¿FDWH RI 7LWOH WR EH JUDQWHG E\ WKH &RXUW LQ Liquidator DFFRUGDQFHZLWKWKHSURYLVLRQVRIWKHVDLG$FW $1' 7$.( 127,&( WKDW FRSLHV RI WKH 3HWLWLRQDQGDSODQRIWKHVDLGODQGPD\EHLQVSHFWHG GXULQJQRUPDORI¿FHKRXUVDWWKHIROORZLQJSODFHV 7KH 5HJLVWU\ RI WKH 6XSUHPH &RXUW RI WKH &RPPRQZHDOWKRI7KH%DKDPDVRQWKHVHFRQGÀRRU RIWKH$QVEDFKHU%XLOGLQJVLWXDWHDW(DVW6WUHHWDQG BISX LISTED & TRADED SECURITIES AS OF: %DQN /DQH RQ WKH ,VODQG RI 1HZ 3URYLGHQFH RQH WEDNESDAY, 16 NOVEMBER 2011 BISX ALL SHARE INDEX: CLOSE 1,355.68 | CHG 0.03 | %CHG 0.00 | YTD -143.83 | YTD % -9.59 RI WKH ,VODQGV RI WKH VDLG &RPPRQZHDOWK RI 7KH FINDEX: YEAR END 2008 -12.31% %DKDPDV WWW.BISXBAHAMAS.COM | TELEPHONE: 242-677-BISX (2479) | FACSIMILE: 242-323-2320 52wk-Hi 52wk-Low Security Previous Close Today's Close Change Daily Vol. EPS $ Div $ P/E Yield 1.19 0.97 AML Foods Limited 1.18 1.18 0.00 0.148 0.040 8.0 3.39% 10.63 9.05 Bahamas Property Fund 10.63 10.63 0.00 50 -0.642 0.080 -16.6 0.75% 7KH2I¿FHRIWKH$GPLQLVWUDWRULQ+DUERXU,VODQGDQG 7.50 4.40 Bank of Bahamas 6.93 6.93 0.00 0.230 0.100 30.1 1.44% 0.53 0.17 Benchmark 0.18 0.18 0.00 -0.048 0.000 N/M 0.00% RQWKHQRWLFHERDUGRIWKH/RFDO&RQVWDEOHLQ+DUERXU 2.84 2.55 Bahamas Waste 2.70 2.70 0.00 0.030 0.090 90.0 3.33% 1.96 1.77 Fidelity Bank 1.77 1.77 0.00 350 0.097 0.040 18.2 2.26% ,VODQG RQH RI WKH ,VODQGV RI WKH &RPPRQZHDOWK RI 10.46 8.29 Cable Bahamas 8.43 8.43 0.00 0.245 0.320 34.4 3.80% 2.80 2.33 Colina Holdings 2.34 2.34 0.00 0.438 0.040 5.3 1.71% WKH%DKDPDVRU 8.50 8.33 Commonwealth Brewery 8.50 8.50 0.00 612 0.740 0.000 11.5 0.00% 7.00 6.21 Commonwealth Bank (S1) 6.51 6.51 0.00 0.496 0.320 13.1 4.92% 2.00 1.63 Consolidated Water BDRs 1.80 1.73 -0.07 0.111 0.045 15.6 2.60% 1.77 1.31 Doctor's Hospital 1.37 1.37 0.00 120 0.074 0.040 18.5 2.92% 7KH &KDPEHUV RI *LEVRQ 5LJE\  &R .L0DOH[ 5.50 4.75 Famguard 5.43 5.43 0.00 0.498 0.240 10.9 4.42% 7.50 4.82 Finco 4.82 4.82 0.00 1,000 0.757 0.000 6.4 0.00% +RXVH 'RZGHVZHOO 6WUHHW LQ WKH &LW\ RI 1DVVDX 9.45 7.75 CIBC FirstCaribbean Bank 8.14 8.14 0.00 0.494 0.350 16.5 4.30% 6.00 5.00 Focol (S) 5.33 5.33 0.00 0.435 0.220 12.3 4.13% 1HZ3URYLGHQFHDIRUHVDLG 1.00 1.00 Focol Class B Preference 1.00 1.00 0.00 0.000 0.000 N/M 0.00% 7.30 5.58 ICD Utilities 7.30 7.30 0.00 -0.122 0.240 -59.8 3.29% 10.80 9.80 J. S. Johnson 9.82 9.82 0.00 0.880 0.640 11.2 6.52% 10.00 10.00 Premier Real Estate 10.00 10.00 0.00 1.207 0.200 8.3 2.00% $1' 7$.( )857+(5 127,&( WKDW DQ\ SHUVRQ BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis) KDYLQJGRZHURUULJKWWRGRZHUDQDGYHUVHRUDFODLP 52wk-Hi 52wk-Low Security Symbol Last Sale Change Daily Vol. Interest Maturity WK 99.46 99.46 Bahamas Note 6.95 (2029) BAH29 99.46 0.00 6.95% 20 November 2029 QRW UHFRJQL]HG LQ WKH 3HWLWLRQ VKDOO E\ WKH  GD\ 100.00 100.00 Fidelity Bank Note 17 (Series A) + FBB17 100.00 0.00 7% 19 October 2017 100.00 100.00 Fidelity Bank Note 22 (Series B) + FBB22 100.00 0.00 Prime + 1.75% 19 October 2022 DIWHUWKHODVWGD\RQZKLFKWKHDGYHUWLVHPHQWDSSHDUV 100.00 100.00 Fidelity Bank Note 13 (Series C) + FBB13 100.00 0.00 7% 30 May 2013 LQWKHSDSHUV¿OHLQWKH6XSUHPH&RXUWDQGVHUYHRQ 100.00 100.00 Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00 Prime + 1.75% 29 May 2015 RoyalFidelity MerchantBank & Trust Ltd. (Over-The-Counter Securities) WKH3HWLWLRQHUVRUWKHLU$WWRUQH\VDQ$GYHUVH&ODLPLQ 52wk-Hi 52wk-Low Symbol Bid $ Ask $ Last Price Daily Vol. EPS $ Div $ P/E Yield 10.06 5.01 Bahamas Supermarkets N/A N/A 14.00 -2.945 0.000 N/M 0.00% WKHSUHVFULEHGIRUPVXSSRUWHGE\$I¿GDYLW 0.55 0.40 RND Holdings 0.35 0.40 0.55 0.001 0.000 256.6 0.00% CFAL Securities Ltd. (Over-The-Counter Securities) 41.00 29.00 ABDAB 30.13 31.59 29.00 4.540 0.000 9.03 0.00% 0.55 0.40 RND Holdings 0.65 0.75 0.40 0.029 0.000 24.13 0.00% )$,/85( 2) $1< 3(5621 WR ¿OH DQG VHUYH DQ BISX Listed Mutual Funds WK 52wk-Hi 52wk-Low Fund Name NAV YTD% Last 12 Months % NAV 3MTH NAV 6MTH NAV Date $GYHUVH &ODLP RQ RU EHIRUH WKH  GD\ DIWHU WKH 1.5779 1.4674 CFAL Bond Fund 1.577926 3.39% 5.87% 1.548717 1.535365 31-Jul-11 ODVWGD\RQZKLFKWKHDGYHUWLVHPHQWDSSHDUVLQWKH 3.0248 2.9020 CFAL MSI Preferred Fund 3.0248 2.63% 3.94% 2.981382 2.952663 31-Jul-11 1.6128 1.5289 CFAL Money Market Fund 1.6151 2.61% 4.53% 1.591803 1.580804 5-Aug-11 SDSHUVZLOORSHUDWHDVDEDUWRVXFKFODLP 2.7202 2.5398 Royal Fidelity Bahamas G & I Fund 2.4974 -8.19% -7.45% 30-Oct-11 13.8493 13.2825 Royal Fidelity Prime Income Fund 13.9180 4.19% 5.21% 31-Oct-11 114.1289 99.4177 CFAL Global Bond Fund 114.0922 2.35% 13.88% 114.128861 111.469744 30-Jun-11 WK 118.4255 101.6693 CFAL Global Equity Fund 118.4255 2.30% 8.26% 116.580785 115.762221 30-Jun-11 '$7('WKH GD\RI-XO\$' 1.1749 1.0000 FG Financial Preferred Income Fund 1.1877 3.59% 4.94% 30-Sep-11 1.1343 1.0000 FG Financial Growth Fund 1.1415 2.06% 4.07% 30-Sep-11 1.1764 1.0000 FG Financial Diversified Fund 1.1890 3.47% 5.04% 30-Sep-11 9.5078 Royal Fidelity Bah Int'l Investment Fund Principal 9.9952 Protected TIGRS, Series 1 9.9433 0.98% 4.58% 31-May-11 11.4985 9.8690 Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 2 10.3699 -6.17% -2.17% 31-Oct-11 *,%6215,*%< &R 10.6813 9.6635 Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 3 10.2063 1.81% 7.39% 31-Oct-11 &KDPEHUV 8.8564 7.8830 Royal Fidelity Int'l Fund - Equities Sub Fund 8.6507 3.01% 18.38% 31-Jul-11 MARKET TERMS .L0DOH[+RXVH 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 'RZGHVZHOO6WUHHW 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 1DVVDX7KH%DKDPDV 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 $WWRUQH\VIRUWKH3HWLWLRQHU 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 7/11/2007 TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525

THE TRIBUNE THURSDAY, NOVEMBER 17, 2011, PAGE 19B BUSINESS

GETFROM page twoTHEto save money PICTUREby designing al. The main advantages of ONin the world, which YOURsuggests ch?v=3r2qHTKPBmU LOGOSHave you ever wondered the logo themselves, or vector graphics are that the that your logo is no longer (copy and paste into your whether adding a logo will retaining a friend/relative logo can be scaled to any unique. The purpose of a url window) give your business distinc- resolved with a kiss, even if who has access to Photo- size without losing quality; logo is to uphold a ‘one of its tion, while showing off its it is a logo design? Kiss shop to complete it as a editing the logo later on is kind’ image of your busi- Fonts: The choice of fonts swagger? Then think about stands for: “Keep It Simple, favour. much easier; and it can be ness. Remember, once your can make or break a logo. this: Logos are resilient and Stupid”. The famous saying adapted to other media logo is completed, ensure This is the most important should convey the qualities “less is more” holds true, Vector image software: more easily than a raster you register it immediately decision a designer can and thoughts of your busi- and a simple logo typically Although it can be tempt- image. Maintain visual con- to prevent use or copy. make, as more often than ness. It helps to give your should be memorable and ing to use a program such sistency by making sure the not, logos can fail due to a company an established and stand out from the rest. as Adobe Photoshop, it is logo looks the same in all Designing for the client: poor font choice. For exam- professional feel and, more- standard practice to use sizes. You can often spot this logo ple, if the font match is too over, people normally find Professionalism: Do you Adobe Illustrator and its design a mile away. Design- close, the icon and font will it easier to memorise or know that if your logo is pen tool, and CorelDraw, Stock Art Logos: Incor- ers should never impose compete with each other for recall images easier than perceived to look amateur- which are more appropriate porating stock vector graph- their personality on to a attention. text. ish, so will your business? and obliging. ics in a company’s logo is client’s work. It is fine to Using too many fonts is Remember the ole cliché: In essence, a professional Using raster images for risky, and could possibly advise and guide a client, but like trying to show someone “A picture is worth a thou- business should look the logos is not advisable, as cause identity issues and remain focused on the clien- an entire 300 page photo sand words”. In this case, part by investing suitably in problems can arise with misjudgment. My premise is t’s requirements by follow- album at once. A maximum the logo represents that pic- a classic but attractive sym- reproduction and zooming, this: If you are using a stock ing their brief. Here is a of two fonts of different ture, and can be remem- bol. There are common rea- which results in your graph- vector image from a stock video sample of how to weights is standard, and bered and identified with sons why many logos look ic appearing pixilated pool, chances are it is also make a logo: improves the legibility. The greater ease than a thousand amateurish, one of which is (blotchy) and unprofession- being used somewhere else http://www.youtube.com/wat key is finding a balance words. So until we meet the business owner’s desire somewhere in the middle, again, have fun, enjoy life since every typeface has a and stay on top of your personality. If the font cho- game. sen does not reflect the icon’s characteristics, then NB: The columnist wel- possibly the entire message comes feedback at may misfire. [email protected] About the Columnist: Ms Finally, we need to under- Bastian is a trained graphic stand that a logo never designer who has qualifica- stands on its own. It is tions of M.Sc., B.Sc., A.Sc. always a part of a bigger pic- She has trained at institu- ture, as its philosophy and tions such as: Miami Lakes other ideals represent the Technica l Centre, Success value of the company. I Training College, College of would like to believe that a the Bahamas, Nova South- logo should be an impres- eastern University, Learn- sive, but seductive, way that ing Tree International, your business earns respect Langevine International and and trust. Synergy Bahamas. Share your news The Tribune wants to hear from people who are making news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and share your story.

PAGE 2E, THURSDAY, NOVEMBER 17, 2011 TRIBUNE SPORTS

SPORTS TRACKPinder AND FIELD ranked 9th in world

Nassau, Bahamas - This column takes a look at the Below is a listing of every worldwide rankings of Bahamian athlete who was Bahamian athletes in 2011 ranked this year and some with some comparisons to who were ranked in 2010. 2010. Seniors The top Bahamian senior, Men 100m 400m runner Demetrius Pin- 2011 Ranking der, was ranked 9th with a Jamial Rolle 10.26sec, 44.78sec clocking in 2011. 132nd On the junior level, Warren Fraser 10.28sec, Anthonique Strachan was 149th the highest ranked for 2011 Rodney Green placing second in the 200m 10.28sec,151st at 22.70sec. Adrian Griffith 10.28sec, At the Youth Level, 154th Latario Collie-Minns ranked number one in the world 2010 Ranking DEMETRIUS PINDER pictured in action. with a 16.55m jump. Derrick Atkins 10.13sec, In its proudest hour in 137th Demetrius Pinder 4x400m Relay 400m 2011 The Bahamas placed Adrian Griffith 10.19sec, 44.93sec, 17th Latoy Williams, Avard 2011 Ranking 400m Hurdles fourth to The United States, 161st Chris Brown 45.01sec, Moncur, Micael Mathieu, Shaunae Miller 51.84sec, 2011 Ranking Kenya, and Jamaica in the Jamal Forbes 10.28sec, 23rd Ramon Miller 58th Katrina Seymour 57.24sec, World Youth Champi- 221st 3:01.33 12th 4th onships in Lille, France. 2010 Ranking The Bahamas won three 200m High Jump Women Christine Amertil 4x100m Relay Gold medals. Shaunae 2011 Ranking 2011 Ranking 51.67sec, 47th 2011 Ranking Miller won the 400m in Michael Mathieu Donald Thomas- 2.32m 100m Shaunae Miller 52.45sec, Devynne Charlton, 51.84sec, Stephen Newbold 20.38sec,27th (7’7-1/2”), 11th 2011 Ranking 90th Carmeisha Cox, V’Alonee the 200m in 20.89sec, and Demetrius Pinder Trevor Barry 2.32m Debbie Ferguson-Mcken- Robinson, Anthonique Stra- Latario Collie-Minns, 20.54sec, 50th (7’7-1/2”), 13th zie 11.09sec ,18th Long Jump chan 16.06m in the Triple Jump. Jamial Rolle Ryan Ingraham 2.23m Sheniqua Ferguson 2011 Ranking 45.04sec, 7th Lathone Collie-Minns 20.81sec, 220th (7’4”), 93rd 11.17sec, 32nd Bianca Stuart- 6.81m won the Bronze medal in Anthonique Strachan (22’4-1/4”), 24th 2010 Ranking the Triple Jump with a 2010 Ranking 2010 Ranking 11.38sec, 76th V’Alonee Robinson, 15.51m jump. Jamial Rolle Donald Thomas 2.32m Tynia Gaither 11.41sec, 2010 Ranking Ivanique kemp, Marvar Eti- A listing of athletes in the 20.75sec, 111th (7’7-1/2”), 6th 95th Bianca Stuart 6.54m (21’5- enne, Tynia Giather top ten performances fol- Nathaniel Mckinney Trevor Barry 2.29m 1/2”), 78th 45.45sec, 17th lows: 20.82sec, 151st (7’6-1/4”), 17th 2010 Ranking Seniors Derrick Atkins Chandra Sturrup 11.13sec, 4x100m Relay Youth #9 Demetrius Pinder 20.87sec, 167th Long Jump 18th 2011 Ranking Boys 400m, 44.78sec Michael Mathieu 2011 Ranking Debbie Ferguson-Mcken- V’Alonee Robinson, 200m Juniors 20.85sec, 170th Raymond Higgs 8.15m zie 11.15sec, 22nd Nivea Smith, Sheniqua Fer- 2011 Ranking #2 Anthonique Strachan (26’9”), 30th Sheniqua Ferguson guson, Debbie Ferguson- Stephen Newbold 200m, 22.70sec 400m 11.19sec, 31st McKenzie 20.89sec, 4th #3 Shaunae Miller 400m , 2011 Ranking Triple Jump 43.65sec, 14th 51.84sec Demetrius Pinder 2011 Ranking 200m 400m #4 Katrina Seymour 400m 44.78sec, 9th Leevan Sands 17.21m 2011 Ranking Juniors 2011 Ranking Hurdles, 57.24sec Chris Brown 44.79sec, (56’5-3/4”), 15th Anthonique Strachan Boys Andre Wells 46.87sec, #7 Anthonique Strachan 11th Latario Collie-Minns 22.70sec, 25th 200m 14th 100m, 11.38sec Ramon Miller 16.55m (54’3-3/4”), 81st Debbie Ferguson-Mcken- 2011 Ranking #9 Ryan Ingraham High 45.01sec, A 20th zie 22.76sec, 29th Stephen Newbold 2010 Ranking Jump, 2.23m Michael Mathieu 2010 Ranking Nivea Smith 22.80sec, 20.89sec, 23rd Stephen Newbold Youth 45.54sec, 33rd Leevan Sands 17.21m 33th 47.84sec, 29th #1 Latario Collie-Minns Avard Moncur 46.18sec, (56’5-3/4”), 12th High Jump Triple Jump, 16.55m 130th 2010 Ranking 2011 Ranking Medley Relay #2 Shaunae Miller 400m , Andrae Williams 4x100m Relay Debbie Ferguson-Mcken- Ryan Ingraham 2.23m 2011 Ranking 51.84sec 46.18sec, 138th 2011 Ranking zie 22.62sec, 18th (7’4”), 9th Anthony Adderley, #4 Stephen Newbold LaToy Williams Adrian Griffith, Rodney Nivea Smith 22.71sec, Delano Davis, Stephen 200m, 20.89sec 46.18sec, 148th Green, Demetrius Pinder, 23rd Triple Jump Newbold, Andre Wells , Lathone Collie-Minns Michael Mathieu Sheniqua Ferguson 2011 Ranking 1:52.66 5th Triple Jump, 15.73m 2010 Ranking 39.29sec, 27th 22.87sec, 38th Latario Collie-Minns 16.55m (54’3-3/4”), 4th Triple Jump 2011 Ranking Girls Latario Collie-Minns 100m 16.55m (54’3-3/4”), 1st 2011 Ranking Lathone Collie-Minns Anthonique Strachan 15.73m (51’7-1/2”), 4th 11.38sec, 7th Tynia Gaither 11.41sec, 2010 Ranking 12th Latario Collie-Minns 15.78m (51’9-1/2”), 6th 200m Lathone Collie-Minns 2011 Ranking 15.33m (50’3-3/4”), 13th Anthonique Strachan 22.70sec, 2nd Girls 400m 2010 Ranking 2011 Ranking Anthonique Strachan Shaunae Miller 51.84sec, 23.66sec, 25th 2nd Tynia Gaither 23.68sec, 28th 2010 Ranking Shaunae Miller 52.45sec, 400m 1st 2011 Ranking Medley Relay Shaunae Miller 51.84sec, 3rd 2011 Ranking Devynne Chartlton, 2010 Ranking Carmiesha Cox, Pedrya Sey- Shaunae Miller 52.45sec, mour, Gregria Higgs 3rd 2:11.10 12th Amara Jones 53.01sec, 17th The above gives a good idea as to where the 100m Hurdles Bahamas Track and Field is 2010 Ranking today. LATARIO MINNS, Barry Malcolm and Anthonique Strachan. Latario was ranked number one in the world at the junior level in the triple jump, Ivanique Kemp 13.58sec It shows our strengths and while Anthonique placed second at the youth level in the 200m. 25th our weaknesses. NASSAU DARTS ASSOCIATION Week 6 - 9th November, 2011 CSB Buccaneers - 9 Moss Gas B - 2 Toads - 4 Panama Jack Bullshooters - 4 Scores: HammerHead Sharks - 3 Sigma Shots - 10 B52's - 8 Silver Dollar Coins A - 8

Central Bank Controllers - 4 Backyard Destroyers - 10 Conch Hill Breezers - 2 Charlie's Devils - 5 Jacvar Bums - 9 Green Parrot Bootleggers - 8 Shafters - 2 Moss Gas A - 10 StingRays - 7 The Parlour Rum Runners - 3

Silver Dollar Coins B - 4 Pro Plan Bandits - 6 Scorpio Bulls - 6 Cricket Club LBW's - 3 Mandy's French Bakery - 8 Charlie's Top Dogs - 6 Sands Bullets - 6 Lisa's Bums A - 9

TRIBUNE SPORTS THURSDAY, NOVEMBER 17, 2011, PAGE 3E

SPORTS SOCCERClinic CLINIC to teach the next generation of soccer stars

THE SECOND annual S3 The fee to participate is Soccer Clinic will return to only $30. Freeport from December 14 - During this four-day clinic, 17, 2011. will conduct a panel discus- The first clinic was held in sion featuring coaches and January of this year and by college representatives who all accounts was a great suc- will offer information on cess. Five participants obtaining scholarships, what received scholarship offers, coaches and schools are three of whom accepted their looking for and how to apply offers. to colleges, as well as how There were over 160 par- to be a successful student ticipants from ages 6-19 who athlete. Participants will enjoyed their interaction with have the opportunity to train the American college and daily with professional local coaches. Organisers say coaches. it is their goal to introduce Approximately ten coaches the island’s up and coming are scheduled to participate soccer stars from ages 8 – 18 in the clinic. Thus far, schools years to all opportunities being represented include, available to them. Barry University (Miami, Florida), St. Andrew’s Uni- versity (Laurinburg, North SPORTS CLINIC Carolina), University of Penn- sylvania (Philadelphia, Penn- SCHEDULE sylvania), University of Mon- tana (Missoula, Montana), The tentative schedule is University of Northern as follows: Alabama (Florence, Alaba- • Wednesday, December ma) and Florida Internation- 14, 2011 - 3:30pm – 5:30pm: al University (Miami, Flori- Opening/Training Session da). (BMES Field) Sponsors include Cable • Thursday, December Bahamas, the Grand Bahama 15, 2011 - 3:30pm – 5:30pm: Port Authority (GBPA) and Training Session (BMES TheBahamasWeekly.com. Field) Registration forms can be (Bishop Michael Eldon found on TheBahamasWeek- Auditorium) 6:00pm – ly.com under Sports, 7:30pm: Panel Discus- Corporate or individual sion(Parents welcome) sponsors are also needed to • Friday, December 16, ensure the success of the S3-SOCCER-CLINIC Coach Mark Plakorus of Texas Christian University works with participants of the first S3 Soccer Clinic in Grand Bahama 2011 - 3:30pm – 5:30pm: event. Overall expected costs held in January 2011. The camp returns to Freeport from December 14th - 17th, 2011 with approximately ten visiting American coaches. Training Session (BMES to run this youth event is in Photo: TheBahamasWeekly.com Field) excess of fifteen thousand dol- • Saturday, December 17, lars ($15,000.00). Funds go for visiting coaches. The clin- display banner on the field for Soccer Clinic”. Sweeting-Smith at s3soccer- 2011 - 10:00am – 1:00pm: toward drinks, equipment, ic also sponsors select low- the duration of the clinic. More information can be [email protected] or infor- Scrimmage/Closing (BMES coaches accommodations, income students at $30.00 Should you wish to support be obtained through clinic mation can be found on the Field) transportation, welcome each. ‘Premier’ sponsors of us in this endeavor, please organizers Cletis Smith, 3S Soccer Clinic Facebook reception, gift items and tours $500.00 or more will receive a make cheques payable to “S3 Wayne Smith, and Tiffany page.

BASKETBALL Van Johnson and Godfrey munity, especially the St NEW Providence Volley- Knowles Celebrity Tennis CATHOLIC PRIMARY Burnside Jr. (outfielders). Augustine’s College Big Red ball Association action is Invitational is set to be held SCHOOLS RESULTS Machine, is expressing its scheduled to continue at the December 1-4 at the Atlantis THE Catholic Diocesan BASEBALL SPORTS sympathy to the family of the DW Davis Gym on Wednes- resort by presenting sponsor Primary Schools continued its FREEDOM FARM late Greg Rutherford who day with another double MDC-Partners and organised 2011 basketball season with COACHES PITCH passed away Sunday after suf- header. by the Mark Knowles Man- two games at Loyola Hall, THE Freedom Farm is slat- fering an aneurysm on Thurs- Wednesday - 7:30pm – agement Group (MKMG). INBRIEF This year’s featured play- Gladstone Road, on Monday. ed to host a Coach Pitch day. Truckers vs Titans (L), 9pm – In the opener, the Xavier’s Tournament at the park in Rutherford, a graduate of Scotia Defenders vs Cru- ers are Andy Roddick, Xavier Malisse and Sabine Giants pounded the St Bede’s Yamacraw Beach Estates SAC’s class of 1979, was an saders (M) Crushers 30-18 as Jamal Davis Lisicki with some additional November 25-27. Teams from Farm, CJ McKenzie or Valen- outstanding athlete for the Friday - 7:30pm – Lady stars to be announced at a lat- scored a game high 13 points. the Junior Baseball League cia Lockhart at Big Red Machine under the Technicians vs Cougars (L), Larvardo Dean had seven in er date. of Nassau, the Grand Bahama [email protected] tutelage of coach Martin 9pm – Saints vs BTVI (M) the loss. The organisers plan to hold Baseball League, Spanish Lundy. The Tribune Sports And in the feature contest, a Pro/Am doubles tourna- Wells and Freedom Farm are TRACK Department also extends its MARK KNOWLES ment for platinum sponsors, a defending champions St CONDOLENCES TO Cecilia’s Strikers nipped the expected to participate. condolences. CELEBRITY Pro Exhibition and an oppor- For more information, per- RUTHERFORD INVITATIONAL tunity for top Bahamian St Francis/Joseph Shockers FAMILY 31-30 behind nine points sons can contact Pat Moss, VOLLEYBALL MARK Knowles is pleased junior tennis players to inter- THE track and field com- act with the visiting pros. apiece from Daunte Stuart the vice president of Freedom NPVA ACTION to announce the annual Mark and Cornelius Clyde. Ashan- ti Johnson had a game high 12 in the loss. Starting 3:30pm today, the league is expected to be back in action with St Bede’s play- ing Our Lady’s, followed by St Thomas More vs. St Cecil- ia’s.

CYCLING CALENDAR FOR 2011 THE New Providence Cycling Association is prepar- ing the calendar of cycling events and activities within the island of New Providence for 2012. Therefore, the association is asking all cyclists, teams, clubs and race organisers who are organising, co-ordinating and sponsoring races to pro- vide the association with their information as it prepares the dates/distance/time of the races or activities for 2012.

BSF’S QUALIFYING TOURNAMENT THE Bahamas Softball Federation has announced that the men’s national team will have another week to prepare for the qualifying tournament for the World Softball Championships. The tournament has been rescheduled and is now expected to take place November 24 to December 5. The team will be managed by Godfrey Burnside. The players selected are pitchers - Edney Bethel, Alcott Forbes, Eugene Pratt, Fred Cornish and Thomas Davis; infielders - Greg Gar- diner, Desmond Bannister, Marvin Wood, Ken Wood and Larry Russell and outfielders - Martin Burrows Jr., Lamar Watkins, Sherman Johnson,

PAGE 4E, THURSDAY, NOVEMBER 17, 2011 TRIBUNE SPORTS

SPORTS The yacht club that grew out of a rich history of sailing

By BRENT STUBBS time, he was considered a meeting that the committee GN-1333 Senior Sports Reporter “genius” because of the announced that the Nassau [email protected] remarkable accomplishment Yacht Racing Association was that was made during the last defunct and the debts and SOME of us are too young quarter of a century. funds were taken over by the to know and others are too After sailing in the races Nassau Yacht Club. old to forget how the local organised by the association, Now in charge of the full sailing got started in New Symonette had another vision operation of the sport, the Providence. and this time it was to estab- club held its first official race But out of the need to lish the Nassau Yacht Club on October 23, 1931, with organise boat racing, three through the help of such men competition staged in three men got together and formed as Joseph H. Thompson, classes - A, B and C. the Nassau Yacht Racing Charles Albury, Stafford L. Competing in the initial Association on the eastern Sands, William Saunders, race were Ogam (skippered foreshore below ‘The Folly’ Charles R. Arteaga, Hertbert by Kenneth Butler), Lady in the 1930s. A. McKinney, Roy C. Artea- Patsy 1 and Lady Patsy II Those men responsible for ga, Charles A. Arteaga, John (Alan Kelly), Ram (Jack Tur- the creation of the association Knowles, J.E. Lewless, Harry tle), Hotspun (Leonard and subsequently sailing com- Knowles, Everette Sands and Roberts), Teaser (JD petition on the island shortly Dudley Sands. Albury), Snipe (AH Sands), after World War One were From that group of men Flash (WE Saunders), Captain Harry Knowles, a who met in his office on Sep- Phoenix (EC Moseley), well known pilot; Willie Hall, tember 9, 1931, Symonette Amphion (JH Thompson), a marine curio man and Com- was elected as the first presi- Marie S. (Basil McKinney), a modore Skimmins, an Amer- dent; Joseph H. Thompson as nameless yacht owned by JE ican who had built a simle vice president; Stafford L. Lewless, Ortolan (Everette hermit’s retreat. Sands as secretary and Sands), Phantom (Stafford L. Once established, racing Charles Albury as treasurer. Sands), Jolly Roger and was held every Friday after- At the time, there was the Feisien II ()RT Symonette), noon by members of the asso- preception that it was just Thustle (Oswald Mosely), ciation, along with men from another social club. But the Baby Patsy and Canvas Back all over the island who were pricipal qualification was that (CA Arteaga), Fussie (CF interested in sailing in all in order to be a member, one Dillon), Rosalie (Charles types of classes and sizes of had to have the ability to han- Albury), Flamingo (Maurice boats. dle a boat skillfully. Barbes), Barbara (FT Stur- Then early in 1931, RT During their first meeting, a rup) and Miss Nassau (RC Symonette emerged as a committee was appointed to Arteaga). young man, who had an idea confer with other athletic Jas. P. Sands, a paint of erecting a shipyard that clubs and, if possible, to department managed by would be swecond to none arrange a schedule of races, Arthur Sands, presented the anywhere in the world. not conflicting with other first trophy. Hence, it was the At first, it was a foolish idea sports. birth of competitive sailing in preceived by many, but in It wasn’t until the second New Providence.

THE NASSAU YACHT CLUB has a rich history - and a vibrant present, as a visit to its website, pictured, will show.