NASSAU AND BAHAMA ISLANDS’ LEADING NEWSPAPER

Volume: 107 No.197 FRIDAY, JULY 22, 2011 PRICE – 75¢ (Abaco and Grand Bahama $1.25)

WEATHER

T-STORMIN SPOTS

HIGH 92FLOW 81F

POLICE are bracingthemselves for the possibili-ty of another wave of retal-iatory violence after anaccused murderer out onbail was shot dead early yes-terday morning, Tribunesources reveal.

Deslin Nicholls, 29, is alsoknown as Desland or Lim-bo, according to familymembers, became the coun-try's 75th murder victim

after he was gunned downin a car outside his family'shome at Florida Court nearBalfour Avenue.

According to reports,investigators are searchingfor two men believed tohave fired on Nicholls as hewas getting into his carshortly after 6am.

At the scene yesterday, a

TRY OURMcFLURRYSNICKERS

The TribuneTHE PEOPLE’S PAPERBIGGEST AND BEST

L A T E S T N E W S O N W W W . T R I B U N E 2 4 2 . C O M

Murder sparksrevenge fears

BUSINESS NEWS

CCOOUURRTT OORRDDEERR SSOOUUGGHHTT OONNGGIINNNN FFOORREECCLLOOSSUURREE

BAHAMAS BEAT CHINA

AANN HHIISSTTOORRIICCVVIICCTTOORRYYSEE SPORTS SECTION EBy NEIL HARTNELLTribune Business Editor

The Government was yes-terday urged to publicly committo, and give a timeline for, com-pleting financial services regu-latory reform, a leading attor-ney warning it would be “amajor mistake” not to completethe process.Brian Moree, senior partnerat McKinney, Bancroft &Hughes, told Tribune Businesshe feared that the relative suc-cess enjoyed in physically con-solidating the Securities Com-mission, Compliance Commis-sion and Insurance Commis-sion into one building couldencourage the Government tonot proceed with the final step.This would involve eithermerging the three into eitherone ‘super regulator’, togetherwith the Central Bank’s BankSupervision Department, orleaving the latter as a ‘stand-alone’ and integrating the oth-er three into a separate body -the ‘Twin Peaks’ model.Telling this newspaper he did“not want to continue to harpon this again, because it’s likebeating my head against a brickwall”, Mr Moree neverthelesssaid: “I continue to think regu-latory reform in the Bahamas isa high priority, which is criti-cally important to the stabilityof the financial services indus-try.

“We haven’t heard a lot onthe completion of regulatoryreform into either a single reg-ulator or two regulators........It’s critically important to haveconfirmation from the Minis-ter that the Government is stillfully committed to completingreform, and to give a realistictimeline as to when it will hap-pen and that objective beachieved.”The Government has talkedabout financial services regula-tory consolidation for years, butapart from the physical consol-idation other tangible signs ofprogress have largely been con-fined to Memorandums ofUnderstanding (MoUs) andjoint inspection initiatives, in abid to avoid duplication andimprove communication.“The reason why this is soimportant is because it affectsthe basic efficiency of doingbusiness in this jurisdiction,”Mr Moree told Tribune Busi-ness.

“It obviously affects the lev-

$5.25

$5.39

$5.22

THE TRIBUNE • SECTION B • business@tribunemedia.net FRIDAY, JULY 22, 2011

By NEIL HARTNELLTribune Business EditorThe Government is in “the final stages” of

drafting key legislation for supportingBahamian small and medium-sized busi-nesses, Tribune Business has been told, withthe Ingraham administration hoping to haveit ready “by the time we return to Parlia-ment” this fall.Zhivargo Laing (pictured), ministerof state for finance, who has minister-

‘Major mistake’ notto finish financial

regulatory merger

SMALL BUSINESS LEGISLATION IS ‘IN FINAL STAGES’Gov’t aims to have draft ready ‘bythe time we return to Parliament’

SEE page 4B

Senior attorney callson Gov’t to publiclycommit to, and setout timetable, forachieving either single or TwinPeaks structure

SEE page 4B

By NEIL HARTNELLTribune Business EditorThe Central Bank of the Bahamas was

yesterday praised for warning its licenseesabout issuing unlimited ‘powers of attor-ney’ in relation to managed companies, asenior attorney warning that this was“extremely dangerous” if the appropri-ate safeguards were not implemented.Brian Moree, senior partner at McK-inney, Bancroft & Hughes, told TribuneBusiness his law firm had “long had apolicy” against providing beneficial own-ers or third parties associated with man-aged companies, for which its attorneys provided director and

nominee services, with general powers of attorney (GPAs).The Central Bank, in the last letter issued to Bahamian bank and

trust company heads this month by its chief inspector, Stanislaw

Bereza, warned licensees against doing this, fearing that this device

BANK WARNS ON‘VERY DANGEROUS’ATTORNEY POWERS* Regulator warns of illegal transaction, ‘sham’ company and tax/legal liability risks* Senior attorney praises warning; says ‘wholesaledelegation’ of duties inconsistent with best practices

SEE page 4B

BRIAN MOREE

By NEIL HARTNELLTribune Business EditorA lending syndicate headedby Credit Suisse will ask theBahamas Supreme Court onJuly 29 to ratify its foreclosureon 1,476 acres at the $4.9 billionGinn sur mer project, TribuneBusiness can reveal, after thedevelopers ended up $78 mil-lion in arrears through missing16 loan payments.Graham, Thompson & Com-pany, attorneys for G-LAResorts Holdings (Bahamas),the vehicle representing theCredit Suisse syndicate, areseeking a Supreme CourtOrder to convert Ginn’s con-sent to the foreclosure into abinding court directive at ahearing next Friday. A sum-mons has been filed to thateffect.

Meanwhile, Tribune Busi-ness can also confirm that theCredit Suisse syndicate is alsobehind the appointment of for-mer PLP MP and Senator,

Philip Galanis, as receiver for avariety of land developmentcontracts connected to Ginn’sVersailles sur mer develop-ment.These contracts were adver-tised for sale in yesterday’s Tri-bune Business, but sourcesclose to developments con-firmed to the newspaper thatthe only likely - and intended -purchaser is the Credit Suissesyndicate. It needs to take own-ership of these contracts fromGinn-LA West End, the Ginn

vehicle, and the only way toeffect this is via the appoint-ment of a receiver.“The land is being foreclosedupon as you know,” a sourcetold Tribune Business. “Butthat only forecloses the land.“They [Credit Suisse] needto take possession of those con-tracts from Ginn-LA West End,and transfer it to themselves.They need a receiver to do that.

Court order sought on$4.9bn Ginn foreclose* ‘Substantial interest’ mounts on $78m default* Two rival claims to land sought byCredit Suisse* Galanis named receiver to transferdevelopment and land rights deals tosyndicate

SEE page 4B

By NATARIOMcKENZIETribune Business ReporterA 17-year-old entrepre-neur has launched a busi-ness he says will changethe way Bahamians shoponline by offering huge dis-counts on local productsand services, while creatingmore customers forBahamian businesses.Lincoln Deal II, chiefexecutive of DealZoneBahamas, told TribuneBusiness following thelaunch of the online serviceon Wednesday night thatthe concept provides a win-win for Bahamian con-sumers and businesses,enabling the latter toattract more customerswithout having to worryabout upfront costs."DealZone Bahamascame about during an eco-nomic project, and wewere looking at theBahamas in terms of howpeople shop. We wanted tochange the way peopleshop. Instead of driving tothe store to buy it, why notbuy it online?” Mr Dealsaid.

“The key to this is weprovide them with deals,which gives them a nudgeto try something new.DealZone Bahamas isstrategically formatted forthe Bahamian community.Everybody wants a dealand we are making it easierfor Bahamians.”The young entrepreneursaid the response to thecoupon and bundle servicepackage has been extreme-ly positive."People are very excited.In fact, 97 per cent of thebusinesses we went to areready to sign up; that's howpowerful it is,” Mr Dealsaid.

“Our model is strategicin that businesses pay usnothing upfront. Subscrip-tion and everything is free.Everybody wins in this sit-uation, both consumersand businesses. Every day,for 24 hours, we feature anew product or service andthe attributes of it. “Let's say we featureBahamasair. We do a writeup on Bahamasair, and wegive our consumers, say, 50per cent off. So instead ofpaying $200 we give it youfor $100. What that does isit pulls more customers in.It gives businesses a bulkof sales. You get an influxof customers in a 24-hourperiod. Businesses love itbecause it's quick and it'seasy.” Mr Deal’s business earnsa percentage off sales. Headded: “If their minimumnumber of buyers is notmet, no one is charged athing. At the end of theday, the feature we givethem is a list of customerswho purchased their dealand a cheque for the pur-chase amount. They pay usa percentage only if we areable to meet their require-ments.”

He added that DealZonewill also give a portion ofits proceeds to charity.

TEEN ENTREPRENEURONLINE FOR A ‘DEAL’

Police put on alertafter accused killergunned down

POLICE SUMMER CAMP STUDENTS TOUR THE TRIBUNE

By AVA TURNQUESTTribune Staff Reporteraturnquest@tribunemedia.net

INCREMENTS allottedfor public servants in the newfiscal budget will be releasedas announced in the House ofAssembly, according toFinance Minister ZhivargoLaing.

Mr Laing reaffirmed thegovernment's position at apress conference held yester-day to dispel growing rumoursthat the payments would nolonger be given out.

MINISTER MOVES TODISPEL RUMOURSOVER PUBLIC SERVICE PAYMENTS

SEE page eight

POLICE suspect that 20-year-old aspiring photographer Shava-do Simmons was killed by someone with whom he had a sexualrelationship, according to a well-placed source in the CentralDetective Unit.

The source added that police have ruled out robbery as a possiblemotive for the brazen daylight shooting, which left family andfriends reeling in shock.

"We are looking at it as a (gay) hit," said the police source. According to police reports, Simmons and another man were

walking home from a convenience store off Charles W SaundersHighway, when a man attempted to rob them.

The pair managed to escape the gunman and ran to a nearby

POLICE SUSPECT MURDER VICTIM ‘KILLED BYSOMEONE HE HAD SEXUAL RELATIONSHIP WITH’

SEE page eight

By LAMECH JOHNSON

A LAWYER appeared at theSupreme Court yesterday and admittedstealing by reason of service and fraud-ulent breach of trust.

Ralph Jan Ward, 49, pleaded guiltyto taking $47,500 from Scotia BankLimited between January 24, 2007, andApril 16, 2007, through his services.

Ward, who represented himselfbefore Justice Vera Watkins, alsopleaded guilty of misusing the money,which was given to him as a trustee onbehalf of his client Leterio Edgecombe.This took place between September22, 2006, and April 16, 2007.

Ward has three other matters beforethe courts and remains on bail. Thematter was adjourned to October 17.

By SANCHESKA BROWN

HUNDREDS of residents woke yes-terday morning to discover their elec-tricity and water off.

The Tribune received a number ofcalls from people who said they hadno running water in their homes oroffices.

One woman said: “I went to take abath this morning and I couldn’tbecause there was no water. I had tobathe in drinking water just so I couldget to work.”

Another caller claimed: “There isnothing worse than putting liquid soapin your hand then discovering the water

THE BahamasTelecommunicationsCompany will have tocut the number ofapplicants for its vol-untary severance pack-ages by about 30 percent because it wasoversubscribed, saidunion leaders.

Bernard Evans, headof the Bahamas Com-munications and Pub-lic Officers Union, said602 workers applied for severancepackages, which is almost 200 morethan BTC’s target number for separa-

LAWYER ADMITS STEALINGBY REASON OF SERVICE

SEE page eight SEE page eight

HUNDREDS WAKE TO FINDELECTRICITY AND WATER OFF

BTC TO CUT APPLICANTSFOR VOLUNTARY SEVERANCE

START THE PRESS! Royal Bahamas Police Force summer camp students got a behind the scenes look at the operations of TheTribune and Radio House yesterday. Sgt Chrislyn Skippings said the children found the visit very interesting and some aspiringjournalists may have even been formed. • SEE PAGE TWO

Tim

Cla

rke/

Trib

une

staf

f

SEE page eight

SEE BUSINESS SECTION B

BCPOU CHIEFBernard Evans

US Ambassador NicoleAvant travelled to Cat Islandthis week as part of her con-tinued efforts to strengthenthe embassy’s ties with theFamily Islands.

She was greeted by CatIsland’s chief councillorAlfred Daniels and Inspec-tor Jeffrey Darling, whoaccompanied the ambas-sador on her one-day tour ofthe island.

Mrs Avant’s first officialvisit to Cat Island includedstops at a local library whereshe donated books and filmsfeaturing Cat Island nativeand acclaimed actor anddirector, Sir Sidney Poitier; atour of Arthur’s Town con-ducted by Sir Sidney’sdaughter and Cat Island res-ident Pamela Poitier; a visitto the Young Marine Explor-ers Summer youth summercamp; and a culturalexchange with a local Raken’ Scrape band and strawweaver.

The US Embassy’s dona-tion to the NH McDonaldLibrary of Bennett’s Har-bour included a collection offilms, historic photos, andbooks spanning Sir SidneyPoitier’s distinguishedcareer.

Born in the US, Sir Sidneygrew up on Cat Island andwent on to become the firstAfrican American maleactor to win an AcademyAward.

He is also an award win-ning director, best-sellingauthor and is currently theBahamas’ Ambassador toJapan (non-resident).

The donation offers CatIsland residents the oppor-tunity to learn about one oftheir own and comes withthe hopes that Sir Sidney’slife will be a source of inspi-ration for local children.

The tour conducted byPamela Poitier covered sig-nificant sites in her father’schildhood, including StAndrews Anglican/Episco-pal Church, Sir Sidney’s oneroom school house, and theplot where the family homeonce stood.

Ambassador Avant men-tioned how poignant the tourwas for her because sheremembers the stories SirSidney told her about grow-ing up on Cat Island, andhow pleased she was to seethe sites with her own eyesand share experiences withSir Sidney’s own daughter.

The Young Marine

Explorers (YME) one-weekcamp on Cat Island, co-spon-sored by the US Embassy,was founded by Nikita Shiel-Rolle with the goal of engag-ing Bahamian youth in envi-ronmental stewardship bypromoting an understandingof the marine sciencesthrough scientific and artisticactivities.

The ambassador applaud-ed Ms Shiel-Rolle for herefforts in educating theyouth about marine sustain-ability practices on theBahamas.

The young camp partici-pants wowed the ambassadorwith their knowledge of coralreefs, mangroves, and theworld famous blue holes ofthe Bahamas.

Ambassador Avantencouraged the students tomake sound decisions asenvironmental leadersbecause those decisions willshape the future of theBahamas and the planet.

“This is your home and itwill be your generation thatwill inherit the responsibilityof maintaining a beautifulBahamas,” she said. “Youhave the power to changethe way we see the world,regenerate the environmentand maintain it.”

The day’s events conclud-ed with a dose of Cat Islandculture and hospitality. MissEmily of Arthur’s Town’sEmily’s Island Crafts andStraw Work gave Ambas-sador Avant a demonstrationof her unique plaiting styleand shared how weavers likeherself are working to keepthe tradition alive by pass-ing the skill on from genera-tion to generation.

Ambassador Avant alsoenjoyed a traditional Raken’ Scrape concert by ToughSkins and Ophie and DaWebb Sites at Shanna’s CoveResort.

She had an opportunity tolearn about the indigenousmusical tradition and wasinvited to take a turn on theaccordion as the groupplayed a traditional Rake n’Scrape song.

Ambassador Avant saidshe left Cat Island with newinsights on Sir SidneyPoitier’s childhood home anda deeper appreciation of theisland’s rich cultural heritageand marine environment.

LOCAL NEWS

PAGE 6, FRIDAY, JULY 22, 2011 THE TRIBUNE

US AMBASSADOR AVANT visited the NHMcDonald Library where she donated books

and films featuring acclaimed actor anddirector, Sir Sidney Poitier. She is accompa-

nied by Poitier’s daughter, Pamela Poitier,Island Administrator Charles King and local

librarians.

THE AMBASSADOR and PamelaPoitier also enjoyed a traditionalRake n’ Scrape concert by ToughSkins and Ophie and Da WebbSites at Shanna’s Cove Resort.

AMBASSADORAVANT withlocal strawweaver MissEmily of Arthur’s

Town’s Emily’sIsland Crafts &Straw Work.

US AMBASSADOR AVANT with the founder ofthe Young Marine Explorers (YME) NikitaShiel-Rolle and the YME camp participants.

US AMBASSADOR WALKS IN SIR SIDNEY POITIER’S FOOTSTEPS

VISIT TO CAT ISLAND

LOCAL NEWS

THE TRIBUNE FRIDAY, JULY 22, 2011, PAGE 7

THE RETURN OF A

Auto racing hall-of-famer Sir Stirling Mossheadlines Bahamas Speed Week RevivalON ANY given day, 81-

year-old racing legend SirStirling Moss, OBE, zipsmore than 100 miles perhour in a car worth millionsof dollars. One of the world’smost famous and successfulracing drivers, he finishedrunner-up four times in theFormula One World Cham-pionships and won 16 grandprix races during his career.

He has competed acrossthe globe including Aus-tralia, England, France, Italy,and the United States. Thisyear, he makes his return tothe Bahamas for a very spe-cial reunion as the firstpatron of the highly-antici-pated Bahamas Speed WeekRevival, to be held onNovember 30-December 4.

“The original Speed Weekwas a love affair with theBahamas as much as it waswith motor racing,” said SirSterling. “It was an eventthat everyone looked for-ward to and the cast of char-acters that wrote its historywere truly world class. I amquite pleased to see it returnand I accept wholeheartedlyHis Excellency Sir ArthurFoulkes’ invitation to attendas the first patron.”

During the late 50s and60s, Nassau was an unlike-ly, distant site for an historic,week-long racing event.These years were describedby car enthusiasts and spec-tators as the golden age ofmotor racing, where inter-nationally acclaimed driversfrom around the worldattended to compete, butmore importantly to soak inthe backdrop of sun, sea andscorching hot cars.

Now a revival of those sto-ried events is being plannedfor the beginning of Decem-ber, the traditional timeframe for Speed Weeks inthe past.

With the return of Sir Stir-ling Moss, the love affaircontinues. Some 50 yearsafter Sir Stirling racedthrough the country’s capitalat near-subsonic speeds, thelegend announced his offi-cial retirement from thesport during a qualifyingrace in Le Mans, France ear-

lier this year.His full retirement comes

years after a near career-ending accident in 1962,which left him in a coma fora month.

When he regained con-sciousness, his left side wasparalyzed and his recoverywas slow and painful.

It was months before hesat behind the wheel again.Having raced from the ageof 18, Sir Stirling Moss con-tinues to put his drivinggloves on for exceptionaloccasions – Bahamas SpeedWeek Revival will be one ofthem.

"We are so honoured thatSir Stirling has agreed tograce us with his presence atBahamas Speed WeekRevival," said Jimmie Lowe,president of the organisingteam. "We know that hisbeing here will attract manypeople who knew him per-sonally in the past and otherswho know of the legendaryrole he has played in theworld of auto racing.

“Sir Stirling Moss is torace car driving whatMichael Jordan is to basket-ball or Andre Agassi to ten-nis. There will always be newentries in the field, but therewill never be another whobroke records, held on tothem and won hearts andadmiration like those heroeswe all looked up to in daysgone by."

Tickets for the ArawakCay and Fort Charlotte rac-

ing sprints are slated to goon sale soon.

For more information, vis-it: www.bahamasspeed-week.com.

AT AGE 81, Sir Stirling Moss is consid-ered one of the greatest racing driversof all time, finishing runner-up fourtimes in Formula One World Champi-onships and winning 16 grand prixraces during his career.

BAHAMAS SPEED WEEKREVIVAL organiser David

McLaughlin (left) meets withmotor-racing legend Sir Stirling

Moss. More than 100$ millionworth of cars will be featured inNassau during the event set for

November 30-December 4.When David McLaughlin visitedSir Stirling at his London hometo discuss the Bahamas Speed

Week Revival, Moss said, ‘Inmy day I went to Nassau torace and the others went to

party, I expect in 2011 it will be the other way around.’

SIR STIRLING MOSS drove this famous ‘Rob Walker’ dark blue andwhite Ferrari 250 SWB to victory in the Nassau Tourist Trophy onDecember 3, 1961.

LOCAL NEWS

PAGE 8, FRIDAY, JULY 22, 2011 THE TRIBUNE

family member alleged that Nicholls wastargeted in connection with a shooting inFox Hill on Sunday, which involved anoth-er family member.

Police sources say it is believed someonehas been hunting Nicholls for some time – hehad been shot at three times before in themonths leading up to his murder.

Sources close to the investigation revealedthat Nicholls had an extensive history oftrouble with the law.

He had been arrested numerous times inthe last five years in connection with variouscrimes, including: Shootings, armed rob-beries, causing grievous harm, harassment,death threats against a police officer, pos-session of illegal firearms and possession ofdangerous drugs.

Last night, sources within the police forcesaid that patrols in the Fox Hill area have

been stepped up.This comes after several shootings thought

to be revenge killings caused the police towarn against individuals taking the law intotheir own hands.

Earlier this month, Minister of NationalSecurity Minister Tommy Turnquestrevealed that more than half the murders onrecord so far this year are thought to be theresult of “conflicts and retaliation – retri-bution.”

"What it really says is that our lack ofconflict resolution and anger management isreally at an unacceptable level. We continueto tell persons that the way to resolve con-flict is not through violence, that personsought to control their tempers, control theiranger. And that's the only way that we aregoing to progress," Mr Turnquest said.

Despite several messages left for seniorofficers, no official information regardingthe concerns of retaliation was releasedbefore press time last night.

apartment complex. However, the man fol-lowed them and allegedly kicked in the door tothe apartment.

Once inside, the man reportedly orderedSimmons and his friend to lie face down onthe floor and robbed the latter.

Simmons was shot twice, but the other manwas left unharmed.

In the wake of his murder, gay rights advo-cates called on police to investigate whetheror not the young man was the victim of a hatecrime, targeted because of his alleged gaylifestyle.

"Whether it was a hate crime or premedi-tated murder, we just hope the police investi-gate and do the same good work to either con-

firm or rule out the possibility of a hate crime,"said Erin Greene, of the Rainbow Alliancegays rights group.

Yesterday Head of the Central DetectiveUnit Superintendent Paul Rolle said policecannot deny or confirm that Simmons was thevictim of a hate crime.

“We are still actively investigating the mat-ter. We are investigating all avenues and havenot yet declared a motive for this crime.”

Friends and family say Simmons, also knownas Elmo, was a “quiet young man who neverbothered anyone.”

A friend of the young photographer said:“This should be a wake up call for everyone. Ifit can happen to someone as nice as Elmo, it canhappen to anyone.”

Persons with information on this crimeshould contact the police.

"Public officers who havebeen at the maximum of theirscales and not receiving incre-ments will receive a lump sumpayment equivalent to oneincrement during this fiscalperiod," said Mr Laing.

He added: "A date for thispayment was not given andcertainly there was no indica-tion that the payment wouldbe made in July 2011."

All civil servants willreceive an increment on theirregularly scheduled date, suchas the anniversary of theirappointment or promotion.The increments will beginwith July pay sheet as allsalary scales are beingexpanded by two increments.

Mr Laing pointed out thatpersons at the top of theirscale will receive two incre-ments during this fiscal year –one in the form of a lumpsum, and the other in theirincrement month.

The realization that lumpsum payments would not be

included in this month's paypackage came as a bittershock to some public servants,according to Bahamas PublicService Union president JohnPinder.

At a press conference onWednesday, Mr Pinder calledon the government to act ingood faith and set a specificdate for the lump sum pay-ments. He announced that allmembers were placed onwork to rule, as the union isstill awaiting a counter pro-posal from the government.

In an effort to protect staffmorale, the Police Staff Asso-ciation (PSA) issued an advi-sory to its members yesterdayin hopes to dispel the mount-ing confusion surrounding thematter.

Dwight Smith, PSA Exec-utive Chairman, said: "We'restill getting the calls – in factI'm getting calls left, right andcentre, concerning the bud-get and monies that were allo-cated for law enforcement,national security, and policeofficers specifically.

"There are only two thingsthat really motivate policeofficers, either promotion orincrease in salary. When youstart talking about a person’sfinances, talking about you'renot getting this and that, itcreates a problem so we haveto act sensibly enough so wedon't cause morals to bedropped low."

Mr Smith explained thatallowances for uniforms anddetectives are included inJuly's pay package, andadvised officers not to overex-tend themselves in anticipa-tion of the lump sum pay-ments as no set date had beengiven as yet.

Mr Smith said: "We'vebeen through enough budgetsto know that nothing happenson July 1, and nothing muchhappens in the month of Julyeither. We hold the govern-ment that we are going to getit and that we are going to getit in short time because weonly have a few months with-in this year."

He added: "When theannouncement was made inthe House of Assembly thatthe budget would come intoeffect July 1 as it relates topromotions, allowances andincrements, believe it or noton July 1, I was receiving callsfrom persons asking 'am I get-ting promoted today' or 'am Igetting this increment today'— no there's a system.

"There's a process, a waythings are done, especially asit relates to business and, ofcourse, that of the publicpurse."

is off. First the power nowthe water, what’s next, thephone?”

Preston Rahming, of theWater & Sewage Corpora-tion (W&S), said the lack ofwater was caused by a tripin one of the pumps.

“The pump tripped and itcaused one of the units to gooff-line for a while,” he said.

“We don’t know the spe-cific cause yet but technicianshave been working on theproblem and water should

have been restored aroundnoon.

“This happens every nowand then when there is apower surge, it could havebeen caused by the lightningor a surge of electricity whenthe power went off. Whenthis happens, it is similar towhen the breaker trips inyour home, it automaticallyturns off to protect the pumpfrom burning up.”

Mr Rahming said whenthe power is off it causes adip in voltage that affects thepump.

He said when the pump is

fixed and the water isrestored, it won’t resumeimmediately.

“It takes a while for thewater to travel through allthose pipes so water may berestored to some homesbefore others. We have tripsfrom time to time for vari-ous reasons, but this prob-lem is not a big one.”

The areas affected by thetripped pump included CoralHarbour, Tropical Gardens,Cable Beach, Oakes Fieldand Yellow Elder.

• SEE PAGE 3

tions. “It is a bit of a mind teaser for some per-

sons until they receive their letters to sayyou have applied; you were accepted andyour departure date is such and such a time.They are to receive those letters in August,”said Mr Evans.

The 150 employees comprising the firstwave of BTC employees to leave since thecompany was bought by Cable & Wireless

Communications (CWC) will be let go at theend of this month.

Mr Evans said employees will be informedin writing by the company the status of theirapplication. For those employees who areasked to stay, Mr Evans said the union has away of helping employees “to get out if theyinsist.”

Earlier this week, BTC CEO Geoff Hous-ton confirmed that the company was still sift-ing through the severance package applica-tions as it worked to finalise the company'srestructuring programme.

POLICE TAPE at the murder scene yesterday. Tim Clarke/Tribune staff

Murder sparksrevenge fears

FROM page one

Minister moves to dispelrumours over public

service payments

FROM page one

BTC TO CUT APPLICANTS FOR VOLUNTARY SEVERANCE BY 30%

FROM page one

ELECTRICITY AND WATER OFF

POLICE SUSPECT MURDER VICTIM ‘KILLED BYSOMEONE HE HAD SEXUAL RELATIONSHIP WITH’

FROM page one

Share your newsThe Tribune wants to hearfrom people who aremaking news in theirneighbourhoods. Perhapsyou are raising funds for agood cause, campaigningfor improvements in thearea or have won anaward.If so, call us on 322-1986and share your story.

FROM page one

A 19-YEAR-OLD manwas shot in the leg by culpritswho drove a Honda Civic.

According to police reports,the incident happened at 5pmat 6th Street and PoincianaAvenue.

The victim was taken tohospital by EMS personneland at last report was in stablecondition.

Police are investigating theincident and have appealedto the public for more infor-mation on the attack.

CENTRAL DIVISION CONTINUES WITH OPERATION “SPRING TIDE”

OFFICERS of the CentralDivision arrested five peopleand cited 42 drivers for vari-ous infractions during Opera-tion “Spring Tide.”

On Wednesday, policepatrolled East Bay Street inthe area of Potters Cay Dockand made arrests for posses-sion of dangerous drugs, dis-orderly behaviour andvagrancy. Two persons werearrested on outstanding war-rants of arrests.

TODAY’S CRIME TIP:VEHICLE THEFT PREVENTION

Criminals are always look-ing for a quick opportunity tosteal a vehicle, said police yes-terday.

The Royal Bahamas PoliceForce issued the followingwarning to prevent car theft:Never leave your keys in yourcar; always lock your car; nev-er leave your car running;never leave personal belong-

ings visible; park in well litareas; park in attended lotsand leave only theignition/door key with theattendant; completely closeyour windows when parking;turn wheels to the side in dri-veways and parking lots; dis-able your vehicle when leav-ing it; etch vehicle identifica-tion number (VIN) on all win-dows and engrave expensiveaccessories to prevent thievesfrom disposing of them; installan alarm; install a kill switch;and always be on the alert.

By INIGO ‘NAUGHTY’ZENICAZELAYA

IN THE spirit of fairplay a certain subject

must be addressed. A few columns ago I gave

some insight to my youngerBahamian brethren as towhat women really meanwhen they say certain things.If I do say so myself, itturned out to be right on themoney, despite the raisedeyebrows I received frommy female coworkers andthreats from my sisters-in-law to be shared out ofChristmas dinner in twohouseholds. Ouch!

Fast forward the tape tothis past Wednesday. I wasstanding in line at BEC try-ing to pay my gargantuanpower bill before anotherload shed strikes and infront of me were twowomen deep in conversa-tion. The television on thewall, which is usually on, wasoff, so the women’s conver-sation served as entertain-ment.

As I tuned in I could gath-er the gist of the conversa-tion. One of the women wasspinning a monologue abouthow her husband reallyunderstands her after allthese years.

Random Woman: “Girl Ifeel so sorry for my sweetie.He so lost without football.The NFL still lockup. He tellme he so lost without foot-ball he decided to renovatethe guest bathroom. Girl Ibeen on him like white onrice for years to do that. Hegot a finish date too, July 28.That’s means in one week Iwill have a new brand bath-

room. He loves me.”After laughing (quietly to

myself) I sighed. Ah, thenaiveté.

Being a woman her nat-ural instinct was to assumethat this was some loveoffering from her loyal,devoted, loving husband.

NOT!Her husband’s sudden

morph into Handy Mannyprobably meant he was real-ly thinking: “I can’t wait ‘tilthe NFL lockout is officiallysettled. I’m cautiously opti-mistic that a deal betweenthe players and the ownerswill be struck by July 28. Ifthis is the case I will reno-vate the guest bathroom sothis woman will have noth-ing to nag me about duringfootball season. The sevenday time frame will keep mefocused and save me fromhaving to watch the OprahNetwork or another Life-time original movie, becauseif I have to stomach anotherone, I’ll take my chancesjumping off the bridge. Sowhen the season starts shebetter remember this giftand don’t ask me to donothing non-football relat-ed until after the SuperBowl.”

Right there and then, inBEC, the light bulb went onin my head. I had to thinkquickly, after all I was inBEC, and lights cost mon-

ey. So I decided on this top-ic for this column. After all,what is good for the goose isalso good for the gander,therefore, (with apologies tomy homeboys) ladies hereis what men really mean:

He says: I’m going fish-ing!

He means: I’m going toget dead drunk sitting on myboy’s dinghy with a beer inone hand, fishing line in thenext, as the fish swim bycompletely undisturbed.

He says: It’s a guy thing!

He means: There is norational thought processconnected to it. You willmake nothing logical out ofit.

He says: Can I help withdinner?

He means: Well muddoes!My food ain’t ready yet? Idead hungry! I knew Ishould have stopped at KFCor Sammy’s.

He says: My wife doesn’tunderstand me.

He means: She’s sick ofmy BS.

He says: Take a breakhoney. You’re working toohard.

He means: Why youdecided to clean and runthat vacuum cleaner whilethe game on is beyond me.

He says: I‘ve read the clas-sics.

He means: I’ve been look-ing at Playboy since I wasfive.

He says: I got a lot donetoday.

He means: I got the highscore on Word Mole threetimes today on my Black-berry.

And finally if he says:That’s interesting, dear.

He means: Are you stilltalking?

Well there you go, I hopeit makes decoding what yourman says a little more funin the future.

I, on the other hand, haveto go. My wife calls …and Iwas just off to the den torelax and read a “classic!”

THE TRIBUNE FRIDAY, JULY 22, 2011, PAGE 9

EFFICIENT,Dependable Stylish.

WASHERS:GTWP1000 $920 Cash $690GTWP2000 $984 Cash $738GCWN3000 $1064 Cash $798

DRYERS:GTDX200E $780 Cash $585GTDP200E $850 Cash $680DRSR495E $980 Cash $735GTDX300G $1000 Cash $750

(Gas)

Sales & Full Service Department, Rosetta & Montgomery Streets | T: 322-2188/9E: GeoffJones@comcast.net | www.geoffreyjonesandco.com

Frances AltheriaDeveaux-Boynton, 58

of Miami, Florida andf o r m e r l y o f N e wProvidence will be heldon Saturday July 23rd,4:00 p.m. at St. AgnesA n g l i c a n C h u r c h ,Baillou Hill Road.Archdeacon I. RanfurlyBrown and Fr. NeilNairn will officiate.Interment will follow inSt. Agnes Cemetery,Nassau Street.

She is predeceased byher parents: Edward

“Bulky” and Carmella Deveaux’ Precious memoriesremain with her husband: Alphonzo Boynton, herloving and dearest brother: Harold Franklyn Bosfield,brothers: Colyn & Johnny Eneas, Edward Jr.,Godfrey, Dorsey, Elroy and D’Arcy Deveaux; sisters:Sandra Bain, Claudine, Marsha, Shari, Deidre, Snady,Paula, Gaylene, Terry, Thelma, Clavaughane, McKelland Ida Deveaux; adopted daughter: EltheniaBrooks; brother-in-law: Kirk Bain; sisters-in-law: Joy& Avis; nieces: Frankiesha, Cassia and Keisha;nephews: Harold Franklyn II, and Cardinal; adoptedgrand daughter: Ariella Brooks; adopted grandson:Troy Brooks Jr.; aunts: Beryl Bastian and Liza Smith;cousins: Juliette, Audrey Deveaux & Family;godmother: Ernestine Coleman of Miami; specialand beloved friends: - Glenda Singleton of Miami(Bestfriend), Donna Moss and Family of Miami andShameka Rolle and Family; numerous relatives andfriends including: Dan Gustino, Chief PembrokePines Police Department, Super Beatrice of BoyntonBeach, Femander Family, Deborah Rahming &Family, Crystal Strachan & Family, Oreal Strachan& Family, Jay Fox & Family, Cyprian Kemp & Family,Nathaniel & Anthony Bosfield & Family, Brenda &Judy Bosfield, DeGlanville Panza & Family, DonnaIngraham & Family, Debbie Major, the staff of theBahamas Gaming Board, Onan Williams, AnushkaMackey, Deborah Mitchell, Rodney Moncur J.P.,Hon. Alfred Sears, Hon. Bradley Roberts, The Rt.Rev’d Laish Boyd, the Vernable I. Ranfurly Brown,Rev’d Father Neil Nairn, Revíd Father NorbertCooper & Family, Rev’d Father Marvin Johnson &Family, Rosemary Thompson, Vema Elcock &Family, Ruby Clarke & Family, Doctors & Nursesat Jackson Memorial & Metropolitan Hospitals,Cameron Street & Grants Town Communities,Diamonds Crew, St. Agnes Church Family; and ahost of other relatives and friends too numerous tomention.

Friends may pay their last respects at Bethel BrothersMorticians, #44 Nassau Street on Friday from 10:00a.m. to 6:00 p.m. and on Saturday from 10:00 a.m.to 1:30 p.m. and at the church from 2:30 p.m. untilservice time.

Telephone: 322-4433, 326-7030Nassau Street, P.O.Box N-1026

A Funeral Service for

COMIC’SVIEW

INIGO ‘NAUGHTY’ ZENICAZELAYA

What men really mean

19-YEAR-OLD MAN SHOT IN THE LEG

OFFICERS of the Mobile Division arrested two men after asearch of their vehicle uncovered a quantity of what was suspect-ed to be marijuana. Officers made the arrest sometime around10:20 am on Tuesday.

Active police investigations continue.

POLICE SEEK ROBBERY SUSPECTS POLICE are requesting the public’s assistance in locating two

men responsible for robbing Burger King, located on ToniqueWilliams Darling Highway.

According to police reports, the incident occurred shortlybefore 9 pm on Tuesday.

Preliminary reports indicate that two men, both of whom wereallegedly armed with handguns, entered Burger King and demand-ed cash. The culprits robbed the establishment of an undeterminedamount of cash and fled the area on foot into the Baillou HillHeights subdivision.

Police are investigating and are requesting anyone with infor-mation that might lead to the arrest of these suspects to contactpolice at 911, 919, Central Detective Unit at 502-9991, 502-9910 orCrime Stoppers at 328-TIPS.

ARRESTS AFTER SUSPECTED MARIJUANA FOUNDPOLICE NEWS

INTERNATIONAL NEWS

THE TRIBUNE FRIDAY, JULY 22, 2011, PAGE 11

CAPE CANAVERAL, Fla.Associated Press

ATLANTIS and four astro-nauts returned from the Inter-national Space Station in tri-umph Thursday, bringing anend to NASA's 30-year shuttlejourney with one last, rousingtouchdown that drew cheersand tears.

Thousands gathered near thelanding strip and packedKennedy Space Center, andcountless others watched fromafar, as NASA's longest-run-ning spaceflight program cameto a close.

"After serving the world forover 30 years, the space shut-tle's earned its place in histo-ry. And it's come to a finalstop," commander ChristopherFerguson radioed after a ghost-like Atlantis glided through thetwilight.

"Job well done, America,"replied Mission Control.

With the space shuttles retir-ing to museums, it will beanother three to five years atbest before Americans arelaunched again from U.S. soil,as private companies gear upto seize the Earth-to-orbit-and-back baton from NASA.

The long-term future forAmerican space exploration isjust as hazy, a huge concern formany at NASA and all thoselosing their jobs because of theshuttle's end. Asteroids andMars are the destinations ofchoice, yet NASA has yet tosettle on a rocket design to getastronauts there.

Thursday, though, belongedto Atlantis and its crew: Fergu-son, co-pilot Douglas Hurley,Rex Walheim and Sandra Mag-nus, who completed a successfulspace station resupply mission.

Atlantis touched down at5:57 a.m., with "wheels stop"less than a minute later.

"The space shuttle haschanged the way we view theworld and it's changed the waywe view our universe," Fergu-son radioed from Atlantis."There's a lot of emotion today,but one thing's indisputable.America's not going to stopexploring.

"Thank you Columbia, Chal-lenger, Discovery, Endeavour,and our ship Atlantis, thankyou for protecting us and bring-ing this programme to such afitting end."

For the landing, there was-n't nearly the hoopla that sur-rounded Atlantis' launch onJuly 8 — when an estimated 1million packed the CapeCanaveral area — because ofthe hour and lack of spectacle.The darkness robbed virtuallyall views of the approachingshuttle, and made it more of aNASA family affair.

Atlantis was greeted withcheers, whistles and shoutsfrom the record 2,000 who hadgathered near the runway —astronauts' families and friends,as well as shuttle managers andNASA brass. Soon, the sun wasup and provided a splendidview. Within an hour, Fergu-son and his crew were out onthe runway and swarmed bywell-wishers.

"The things that we've donehave set us up for exploration

of the future," said NASAAdministrator Charles BoldenJr., a former shuttle comman-der. "But I don't want to talkabout that right now. I just wantto salute this crew, welcomethem home."

Nine hundred miles away,flight director Tony Ceccacci,who presided over Atlantis'safe return, choked up whilesigning off from shuttle MissionControl in Houston.

"The work done in thisroom, in this building, will nev-er again be duplicated," he toldhis team of flight controllers.

At those words, dozens ofpast and present flight con-trollers quickly streamed intothe room, embracing oneanother and snapping pictureswhile keeping their tears, if nottheir emotions, in check.

LayoffsBut on the landing strip in

Florida, flight director MikeLeinbach said the tears flowed.He himself was awash withemotion as he took in "thebeauty of the vehicle," snappedpictures and posed for picturesat workers' requests, some ofwhom face layoffs.

"I saw grown men and grownwomen crying today — tears ofjoy to be sure," Leinbach toldreporters. "Human emotionscame out on the runway today,and you couldn't suppressthem."

Born with Columbia in 1981,the shuttle was NASA'slongest-running space explo-ration programme.

The five shuttles launched,saved and revitalized the Hub-ble Space Telescope; built thespace station, the world's largestorbiting structure; and openedthe final frontier to women,minorities, schoolteachers, evena prince. The first American toorbit the Earth, John Glenn,became the oldest person everin space, thanks to the shuttle.He was 77 at the time; heturned 90 this week.

"I haven't cried yet, but it isextremely emotional," said KarlRonstrom, a photographer who

helps with an astronaut schol-arship fund. He witnessed thefirst shuttle launch as a teenag-er and watched the last shuttlelanding as a middle-aged man.

It was truly a homecomingfor Atlantis, which first soaredin 1985. The next-to-youngestin NASA's fleet will remain atKennedy Space Center as amuseum display.

This grand finale came 50years to the day that Gus Gris-som became the second Amer-ican in space, just a half-yearahead of Glenn.

Atlantis — the last ofNASA's three surviving shut-tles to retire — performed asadmirably during descent as itdid throughout the 13-dayflight. A full year's worth offood and other supplies weredropped off at the space sta-tion, just in case the upcomingcommercial deliveries getdelayed. The international part-ners — Russia, Europe, Japan— will carry the load in themeantime.

It felt like a two-month mis-sion crammed into 13 days, theshuttle astronauts said, and theyworked from dawn to dusk tomake up for their small crewsize. They said they choked upat times during the flight, when-ever they paused and thoughtabout the big picture.

It was the 135th mission forthe space shuttle fleet, whichaltogether flew 542 millionmiles and circled Earth 21,152times over the past threedecades. The five shuttles car-ried 355 people from 16 coun-tries and, altogether, spent 1,333days in space — almost fouryears.

Two of the shuttles — Chal-lenger and Columbia — weredestroyed, one at launch, theother during the ride home.Fourteen lives were lost. Yeteach time, the shuttle pro-gramme persevered and cameback to fly again.

The decision to cease shut-tle flight was made seven yearsago, barely a year after theColumbia tragedy. PresidentBarack Obama nixed PresidentGeorge W. Bush's lunar goals,

however, opting instead forastronaut expeditions to anasteroid and Mars.

Last-ditch appeals to keepshuttles flying by such NASAlegends as Apollo 11's NeilArmstrong and Mission Con-trol founder Christopher Kraftlanded flat.

It comes down to money.NASA is sacrificing the shut-

tles, according to the programmanager, so it can get out oflow-Earth orbit and get topoints beyond. The first stopunder Obama's plan is an aster-oid by 2025; next comes Mars inthe mid-2030s.

SpacecraftPrivate companies have been

tapped to take over cargo haulsand astronaut rides to the spacestation, which is expected tocarry on for at least anotherdecade. The first commercialsupply run is expected late thisyear, with Space ExplorationTechnologies Corp. launchingits own rocket and spacecraftfrom Cape Canaveral.

None of these private space-craft, however, will have thehauling capability of NASA'sshuttles; their payload baysstretch 60 feet long and 15 feetacross, and hoisted megatonobservatories like Hubble.Much of the nearly 1 millionpounds of space station was car-ried to orbit by space shuttles.

Astronaut trips by the com-mercial competitors will takeyears to achieve.

SpaceX maintains it can getpeople to the space stationwithin three years of getting theall-clear from NASA. Stationmanagers expect it to be morelike five years. Some scepticssay it could be 10 years beforeAmericans are launched againfrom U.S. soil.

An American flag that flewon the first shuttle flight andreturned to orbit aboardAtlantis, is now at the spacestation. The first company toget astronauts there will claimthe flag as a prize.

Until then, NASA astronautswill continue to hitch rides to

the space station on RussianSoyuz spacecraft — for tens ofmillions of dollars per seat.

The space station, orbitingnearly 250 miles up, was visi-ble from the launch site justbefore Atlantis returned.NASA's challenge, said spaceoperations chief Bill Gersten-maier, is "how do you makethat little white dot real, that'sas exciting as a launch ... or thelanding that you saw nine min-utes later?"

Thousands of layoffs arecoming as early as Friday — ontop of thousands of shuttle jobsalready lost. As a thank you,NASA parked Atlantis outsideits hangar, so workers couldgather round and say goodbyeto one another.

Hundreds stood in the mid-day heat, waving U.S. flags andpaper fans, and photographingthe shuttle.

Angie Buffaloe shed tears;three colleagues in her engi-neering office lose their jobsFriday.

"I spend more time withthese guys than I do with myfamily," Buffaloe, a 22-yearspace center worker, said at thegathering.

"We've been through every-thing: divorce, sick children,grandchildren. They've beenthere. We've shared life togeth-er ... and now their last day istoday."

After months of decommis-sioning, Atlantis will be placedon public display at theKennedy Space Center VisitorsComplex; its debut is targetedfor summer 2013. Discovery,the first to retire in March, willhead to a Smithsonian hangarin Virginia. Endeavour, whichreturned from the space stationon June 1, will go to the Cali-fornia Science Center in LosAngeles.

Ferguson said the space shut-tles will long continue toinspire.

"I want that picture of ayoung 6-year-old boy lookingup at a space shuttle in a muse-um and saying, 'Daddy, I wantto do something like that whenI grow up.'"

THE SPACE SHUTTLE ATLANTIS is towed backto the Orbiter Processing Facility after return-ing to the Kennedy Space Center early Thurs-day morning, bringing a safe end to threedecades of the space shuttle programme. (AP)

NASA ADMINISTRATOR Charles Bolden, center, Bob Cabana, director of the Kennedy Space Center, left and launch director, Pete Nickolenko,share a light moment before Space Shuttle Atlantis lands at the Kennedy Space Center at Cape Canaveral, Fla. Thursday. The landing of Atlantismarks the end of NASA's 30 year space shuttle program. (AP)

LONDONAssociated Press

LUCIAN FREUD, atowering and uncompro-mising figure in the artworld for more than 50years, has died, his NewYork-based art dealer saidThursday. He was 88.

Spokeswoman BettinaPrentice said that Freuddied after an illness at hisLondon home lateWednesday night, but did-n't give any further details.

Freud was known for hisintense realist portraits,particularly of nudes. Inrecent years his paintingscommanded staggeringprices at auction, includingone of an overweight nudewoman sleeping on a couchthat sold in 2008 for $33.6million.

William R. Acquavella,his dealer, said in a state-ment that he would mournFreud "as one of the greatpainters of the twentiethcentury."

"He lived to paint andpainted until the day hedied, far removed from thenoise of the art world," hesaid.

Freud stubbornly refusedto follow the trends of thatworld, insisting on using hisrealist approach even whenit was out of favor with crit-ics and collectors. Hedeveloped his own uniquestyle, eventually winningrecognition as one of theworld's greatest painters.

"He certainly is consid-ered one of the mostimportant painters of the20th and 21st Centuries,"said Brett Gorvy, deputychairman of the postwar artdepartment at Christie'sauction house in NewYork. "He stayed with hisfigurative approach evenwhen it was extremelyunpopular, when abstrac-tion was the leading con-cept, and as time moved onhis classic approach hasproven to be very impor-tant. He fought the systemand basically won."

He said Freud remainedtotally dedicated to hiswork, overcoming allobstacles and painting longhours every day well intohis late 80s in a sustainedbid to complete his life'swork before death over-took him.

"He lived and breathedhis art," said Gorvy. "Forsomeone who was so suc-cessful, he was extraordi-narily regulated in his day,with three main sittings aday and some at night. Heworked each and every dayto this very tough regime.He was very aware of hisown mortality and he knewhis time was very, very pre-cious."

Freud was the grandsonof Sigmund Freud, a lead-ing pioneer of modern psy-choanalysis. He was born inBerlin in 1922 and movedto London with his parentsErnst and Lucie Freud in1933 after Hitler and theNazis rose to power in Ger-many.

He was naturalized as aBritish subject six years lat-er and spent almost hisentire working life based inLondon, where he wasoften seen at fashionablerestaurants, sometimeswith beautiful youngerwomen, including the fash-ion model Kate Moss, whohe painted nude, and otherluminaries.

He was at the height ofhis fame in the last decadesof his life, when he still con-tinued to paint for longhours at his studio in Lon-don's exclusive HollandPark. He was even namedone of Britain's bestdressed men by the fashionmagazine GQ when he waswell into his ninth decade.

But there was little beau-tiful or sexy in Freud'snude portraits, which didnot gloss over a subject'sflaws. The intimate detailof his paintings sometimesleft viewers uncomfortable.

"He has certainly dividedcritics," said Starr Figura, acurator at the Museum ofModern Art in New York."The ones who don'tappreciate him find hiswork hard to look at and abit out of step with what isgoing on in the rest of theworld. They have a hardtime categorising it."

REALIST PAINTERLUCIAN FREUDDIES AT 88

By NEIL HARTNELLTribune Business Editor

The Government was yes-terday urged to publicly committo, and give a timeline for, com-pleting financial services regu-latory reform, a leading attor-ney warning it would be “amajor mistake” not to completethe process.

Brian Moree, senior partnerat McKinney, Bancroft &Hughes, told Tribune Businesshe feared that the relative suc-cess enjoyed in physically con-solidating the Securities Com-mission, Compliance Commis-sion and Insurance Commis-sion into one building couldencourage the Government tonot proceed with the final step.

This would involve eithermerging the three into eitherone ‘super regulator’, togetherwith the Central Bank’s BankSupervision Department, orleaving the latter as a ‘stand-alone’ and integrating the oth-er three into a separate body -the ‘Twin Peaks’ model.

Telling this newspaper he did“not want to continue to harpon this again, because it’s likebeating my head against a brickwall”, Mr Moree neverthelesssaid: “I continue to think regu-latory reform in the Bahamas isa high priority, which is criti-cally important to the stabilityof the financial services indus-try.

“We haven’t heard a lot onthe completion of regulatoryreform into either a single reg-ulator or two regulators........It’s critically important to haveconfirmation from the Minis-ter that the Government is stillfully committed to completingreform, and to give a realistictimeline as to when it will hap-pen and that objective beachieved.”

The Government has talkedabout financial services regula-tory consolidation for years, butapart from the physical consol-idation other tangible signs ofprogress have largely been con-fined to Memorandums ofUnderstanding (MoUs) andjoint inspection initiatives, in abid to avoid duplication andimprove communication.

“The reason why this is soimportant is because it affectsthe basic efficiency of doingbusiness in this jurisdiction,”Mr Moree told Tribune Busi-ness.

“It obviously affects the lev-

$4.68

$4.51

$4.69The information contained is from a thirdparty and The Tribune can not be heldresponsible for errors and/or omissionfrom the daily report.

$$5.25

$5.39

$5.22

THE TRIBUNE • SECTION B • business@tribunemedia.net FRIDAY, JULY 22, 2011

By NEIL HARTNELLTribune Business Editor

The Government is in “the final stages” ofdrafting key legislation for supportingBahamian small and medium-sized busi-nesses, Tribune Business has been told, withthe Ingraham administration hoping to haveit ready “by the time we return to Parlia-ment” this fall.

Zhivargo Laing (pictured), ministerof state for finance, who has minister-

‘Major mistake’ notto finish financial

regulatory merger

SMALL BUSINESS LEGISLATION IS ‘IN FINAL STAGES’Gov’t aims to have draft ready ‘bythe time we return to Parliament’

SEE page 4B

Senior attorney callson Gov’t to publiclycommit to, and setout timetable, forachieving either single or TwinPeaks structure

SEE page 4B

By NEIL HARTNELLTribune Business Editor

The Central Bank of the Bahamas wasyesterday praised for warning its licenseesabout issuing unlimited ‘powers of attor-ney’ in relation to managed companies, asenior attorney warning that this was“extremely dangerous” if the appropri-ate safeguards were not implemented.

Brian Moree, senior partner at McK-inney, Bancroft & Hughes, told TribuneBusiness his law firm had “long had apolicy” against providing beneficial own-ers or third parties associated with man-aged companies, for which its attorneys provided director andnominee services, with general powers of attorney (GPAs).

The Central Bank, in the last letter issued to Bahamian bank andtrust company heads this month by its chief inspector, StanislawBereza, warned licensees against doing this, fearing that this device

BANK WARNS ON‘VERY DANGEROUS’ATTORNEY POWERS

* Regulator warns of illegal transaction, ‘sham’ company and tax/legal liability risks* Senior attorney praises warning; says ‘wholesaledelegation’ of duties inconsistent with best practices

SEE page 4B

BRIAN MOREE

By NEIL HARTNELLTribune Business Editor

A lending syndicate headedby Credit Suisse will ask theBahamas Supreme Court onJuly 29 to ratify its foreclosureon 1,476 acres at the $4.9 billionGinn sur mer project, TribuneBusiness can reveal, after thedevelopers ended up $78 mil-lion in arrears through missing16 loan payments.

Graham, Thompson & Com-pany, attorneys for G-LAResorts Holdings (Bahamas),the vehicle representing theCredit Suisse syndicate, areseeking a Supreme CourtOrder to convert Ginn’s con-sent to the foreclosure into abinding court directive at ahearing next Friday. A sum-mons has been filed to thateffect.

Meanwhile, Tribune Busi-ness can also confirm that theCredit Suisse syndicate is alsobehind the appointment of for-mer PLP MP and Senator,

Philip Galanis, as receiver for avariety of land developmentcontracts connected to Ginn’sVersailles sur mer develop-ment.

These contracts were adver-tised for sale in yesterday’s Tri-bune Business, but sourcesclose to developments con-firmed to the newspaper thatthe only likely - and intended -purchaser is the Credit Suissesyndicate. It needs to take own-ership of these contracts fromGinn-LA West End, the Ginn

vehicle, and the only way toeffect this is via the appoint-ment of a receiver.

“The land is being foreclosedupon as you know,” a sourcetold Tribune Business. “Butthat only forecloses the land.

“They [Credit Suisse] needto take possession of those con-tracts from Ginn-LA West End,and transfer it to themselves.They need a receiver to do that.

Court order sought on$4.9bn Ginn foreclose

* ‘Substantial interest’ mounts on $78m default* Two rival claims to land sought byCredit Suisse* Galanis named receiver to transferdevelopment and land rights deals tosyndicate

SEE page 4B

By NATARIOMcKENZIETribune Business Reporter

A 17-year-old entrepre-neur has launched a busi-ness he says will changethe way Bahamians shoponline by offering huge dis-counts on local productsand services, while creatingmore customers forBahamian businesses.

Lincoln Deal II, chiefexecutive of DealZoneBahamas, told TribuneBusiness following thelaunch of the online serviceon Wednesday night thatthe concept provides a win-win for Bahamian con-sumers and businesses,enabling the latter toattract more customerswithout having to worryabout upfront costs.

"DealZone Bahamascame about during an eco-nomic project, and wewere looking at theBahamas in terms of howpeople shop. We wanted tochange the way peopleshop. Instead of driving tothe store to buy it, why notbuy it online?” Mr Dealsaid.

“The key to this is weprovide them with deals,which gives them a nudgeto try something new.DealZone Bahamas isstrategically formatted forthe Bahamian community.Everybody wants a dealand we are making it easierfor Bahamians.”

The young entrepreneursaid the response to thecoupon and bundle servicepackage has been extreme-ly positive.

"People are very excited.In fact, 97 per cent of thebusinesses we went to areready to sign up; that's howpowerful it is,” Mr Dealsaid.

“Our model is strategicin that businesses pay usnothing upfront. Subscrip-tion and everything is free.Everybody wins in this sit-uation, both consumersand businesses. Every day,for 24 hours, we feature anew product or service andthe attributes of it.

“Let's say we featureBahamasair. We do a writeup on Bahamasair, and wegive our consumers, say, 50per cent off. So instead ofpaying $200 we give it youfor $100. What that does isit pulls more customers in.It gives businesses a bulkof sales. You get an influxof customers in a 24-hourperiod. Businesses love itbecause it's quick and it'seasy.”

Mr Deal’s business earnsa percentage off sales. Headded: “If their minimumnumber of buyers is notmet, no one is charged athing. At the end of theday, the feature we givethem is a list of customerswho purchased their dealand a cheque for the pur-chase amount. They pay usa percentage only if we areable to meet their require-ments.”

He added that DealZonewill also give a portion ofits proceeds to charity.

TEEN ENTREPRENEURONLINE FOR A ‘DEAL’

Grand Bahama PowerCompany is focusing onimproving its speed in deliv-ering messages to customers,especially concerning out-ages.

“We are able to commu-nicate with customers in realtime now. As soon as we areaware of an outage situation,notifications are posted onour website, relayed via our

customer service attendants,placed on our IVR phonesystem, as well as broad-casted on local radio sta-tions,” said Philcher Grant-Farquharson, the utility’scorporate communicationsofficer.

“For those who haveaccess to the Internet theycan visit our website atwww.gb-power.com andclick on the Customer Ser-vice home page button. Thiswill take them to our cus-tomer service page and thenthey can click on announce-ments.”

NotifyMrs Grant-Farquharson

added that the company hasprocedures in place to noti-fy customers about sched-uled maintenance work.“We are very cognisant thatour customers need to beinformed of any mainte-nance work well ahead oftime,” she said.

“We are notifying cus-tomers via the local radiostations, on our website, andfor the more localised main-tenance work we contact thecustomers personally.”

Grand Bahama PowerCompany is also using its bi-monthly newsletters toadvise customers of compa-ny news, corporate changesand energy savings tips.

“This month’s bill insertswill highlight very importanthurricane safety tips,” saidMrs Grant-Farquharson,“specifically concerning gen-erators and downed powerlines. It’s very importantinformation in case of anyemergency situations, and Iencourage families to readthrough this information.”

BUSINESS

PAGE 2B, FRIDAY, JULY 22, 2011 THE TRIBUNE

By SIMON COOPERRes Socius

Iwas chatting with afew business associ-ates last Fridayafternoon down at

the Poop Deck Restaurantin Sandyport Old Town, andwe were reminiscing aboutwhat a great place Nassau isto live in generally, and howlucky we all are to be here.Inevitably, the discussionwormed its way around tothe state of the economy,and how so many businessesseemed to be just hangingon.

I got to thinking about thislater while chatting with mywife over supper.

I recalled that businesspeople have been telling methey were hanging on for aslong as I could remember,and this set me to wonderingwhy this was the case.

Perhaps, I thought, it wasbecause bragging aboutdoing well in business getscustomers thinkingyou are charging too much,invites competition and, insome parts of the world atleast, also brings the taxinspector sniffing round.

This line of reasoning sug-gests that it could makegood business sense to pleadpoverty, although I for onewould never suggest avoid-ing one’s fiscal responsibili-ty.

Perhaps, I wondered,business people felt as ifthey were hanging onbecause of the twin impera-tives of growing trade andliving the high life at thesame time.

We all know that the big-ger the car, the bigger theloan is likely to be, and thegrander the house, the larg-er the mortgage.

After all, we are all in

business for the freedomthat this offers, and if thisdoes not include the right toenjoy the spoils of our hardwork, then I really don’tknow what does. Unfortu-nately, birds do come hometo roost at night, though,and paying debt back hasalways been a pain.

My personal take on thematter is that it is in the spir-it of true entrepreneurshipto take on the world, anddare to succeed against allodds and the scepticismaround.

NegativeRight now, the negative

attitude of many banks ishelping hold us back.

Until the US caught thecurrent round of recession-ary flu that infected us all,this was not the case, andbanks were prepared to playthe part of venture capital-ists when business plansmade sense.

A distinct lack of thisobliging spirit among bankmanagers these days, whoare otherwise splendid fel-lows, has diluted the gear-ing available to underpinour entrepreneurial

thoughts. This, I believe,lies at least partly at the rootof our economic doldrums.

But this does not meanthat we have to dig into per-sonal equity to get our busi-nesses moving forward, inexpectation of an economicupturn.

There is much truth insaying that a business part-ner is more than just a ven-ture capitalist in disguise.

Two horses harnessedtogether make a brilliantteam when they comple-ment each other, and this iswhy selling off a stake in abusiness to the right partnercan bring far more into playthan might be thought atfirst.

NB: Res Socius wasfounded by Simon Cooperin 2009, and is a businessbrokerage authorised by theBahamas InvestmentAuthority. He has extensiveprivate and public SMEexperience, and was for-merly chief executive of apublicly traded investmentcompany. He was awardedan MBA with distinction byLiverpool University in2005. Contact him on 636-8831 or write to simon.coop-er@ressocius.com.

Harnesspartnerships

to move business up

POWER FIRM’S FOCUSON CUSTOMER SERVICE

GRAND BAHAMA POWER COMPANY providing real time announcements: The Grand Bahama Power Com-pany is focusing on improving its speed on delivering messages to its customers, especially concerningoutages. “As soon we are aware of an outage situation notifications are posted on our website, relayed viaour customer service attendants, placed on our IVR phone system, as well as broadcasted on local radiostations," stated Philcher Grant-Farquharson, Corporate Communications."For those who haveaccess to the internet they can visit our website at <http://www.gb-power.com> www.gb-power.com andclick on the Customer Service home page button," said Grant-Farquharson. "This will take them to ourcustomer service page and then they can click on announcements."

SIMONCOOPER

By NEIL HARTNELLTribune Business Editor

The Central Bank hasrelaxed its corporate gover-nance guidelines on bothcompliance officers/moneylaundering reporting officersand independent non-exec-utive directors, followingrequests from Bahamianbanks and trust companies.

The regulator had initiallystipulated that top execu-tives, and their deputies, atBahamian bank and trustcompanies could not serveas compliance officers ormoney laundering reportingofficers.

However, in its July 2011update to its licensees, theCentral Bank said: “Theindustry requested that theBank consider granting awaiver of this rule for small-er licensees.”

DiscussionsFollowing discussions, the

Central Bank said it hadrelaxed this requirement forrestricted licensees and oth-ers. But, in the latter case,there had to be “sufficientindependence” demonstrat-ed, meaning there was noclient interaction with thetop executive or theirdeputy in these roles, thatall business was introducedby the parent group, andthey could act independent-ly.

“Along similar lines, theindustry also requested with-drawal of the rule that the[top executives and theirimmediate deputies] maynot serve as an independentnon-executive director forany licensee,” the CentralBank said.

“Based on internationalbest practices, the Bank

maintains that there is aneed to ensure sufficientindependence for indepen-dent non-executive direc-tors, and that in every juris-diction major challengeswould emerge if these roleswere combined with anexecutive position, particu-larly in a competitor.”

To resolve this, the Cen-tral Bank said it had decidedto “minimise any potentialdisruption” by ‘grandfather-ing’ in its new policy wheresenior executives were serv-ing as independent non-executive directors on unre-lated banks and trust com-panies. It added, though,that it would not permit suchrelationships going forward.

Elsewhere, the CentralBank urged its licensees notto treat $15,000 as a thresh-old when monitoring suspi-cious transactions, clarifyingthat this only applied to‘occasional transactions’ orcertain types of accounts.

It also called on Bahamianbank and trust companies toensure the annual prepara-tion of financial statementsfor managed companies,even though it was not man-dated by legislation.

Failure to do so, itwarned, could delay detec-tion of fraud and other ille-galities, with the risk thatlosses might be borne byCentral Bank licensees.

BUSINESS

THE TRIBUNE FRIDAY, JULY 22, 2011, PAGE 3B

By NATARIO McKENZIETribune Business Reporter

MEMBERS of the Coconut GroveBusiness League (CGBL) yesterdaysaid they are “still in the fight”, despitea Court of Appeal decision earlier thismonth which reduced the prospect offinancial compensation from the Gov-ernment for losses of up to 50 per cent.

“We’re still in the fight; the fight isnot over by a long shot. It was only adisappointment, but we expected that.We expected that if we had won in theCourt of Appeal they would have tak-en it to the Privy Council, and if theyhad won we would take it to the PrivyCouncil, depending on what we see inthe ruling,” Arnold Heastie, propri-etor of Heastie’s Service Station onBlue Hill Road and CGBL president,told Tribune Business yesterday.

Mr Heastie, who said his revenues

have been down 50 per cent as a resultof the roadworks, added that the groupis awaiting the written judgment fromthe appellate court to determine theirnext move.

“We haven’t gotten the ruling yet;the court hasn’t put it in writing. That’sthe hold-up. We need to see it in blackand white, and then map out our strat-egy from there. Once we get it in writ-ing we will assign it to legal counseland go from there,” Mr Heastie said.

“At the moment we haven’t decideda course of action, but our goal is towin and get justice. This is a legal mat-ter and we are not lawyers, so wewould have to find out what is our bestcourse of action.”

“We are certainly planning to take itfurther; we don’t intend to let this issuedie. This is now a civil rights issue for usbecause the Government is saying theycan do anything to anybody. We feel

that we have a good case,” EthricBowe, spokesman for the CGBL, saidyesterday.

Last December, the CGBL- a groupof businesses claiming to have beenadversely impacted by the road workon Baillou Hill Road and MarketStreet- secured a victory in SupremeCourt against the Government.

At the time Supreme Court JusticeNeville Adderley had ruled that Min-ister of Works, Neko Grant, had actedunlawfully when he began road workson Baillou Hill Road and MarketStreet. Earlier this month, however,the appellate court overturned thatdecision. The road changes, whichmade Baillou Hill Road one-waynorthbound and Market Street one-way southbound, are a part of the gov-ernment's $120 million New Provi-dence Road Improvement Project(NPRIP).

Coconut Grove losses at 50%

By NATARIO McKENZIETribune Business Reporter

Bahamian businesses yes-terday said the rise in theirmonthly electricity costs hashad a significant impact ontheir operations.

Robert Sands, senior vice-president of external andgovernment affairs at BahaMar, said: "The one variablein our bill has been the fuelcharge, which has greatlyimpacted costs. That hasbeen the variable cost thathas negatively impacted theoverall electricity bills of ouroperation. We would wish

for the price of oil to be thelowest it could be, because itimpacts our costs.”

Walter Wells, CaribbeanBottling Company chiefexecutive, told TribuneBusiness yesterday: “Thefuel charge is having a sig-nificant impact on mostbusinesses. Oil right now ispretty close to $100 a bar-rel, and if that is sustained itwill have a negative impacton businesses. The best waybusinesses can deal with itis to economise."

He added that frequentpower outages were anotherissue that has had an adverseimpact on Bahamian busi-

nesses. Superwash president,Dionisio D'Aguilar, said :"The cost of energy hasincreased quite significant-ly. It’s a very difficult envi-ronment here right now.The roadworks, which arevexing at best, a remittentpower supply, increasedenergy costs and a depressedeconomy, all of that is cre-ating a very difficult envi-ronment."

According to BEC, thefuel charge currently standsat $0.227455 cents. Its chair-man ,Michael Moss, toldTribune Business that whiletoday's basic tariff is lessthan it was last year, the fuel

charge is more because itrepresents the total fuel costas opposed to being a sur-charge. BEC last yearditched the fuel "surcharge"in favour of a fuel charge,in an effort to "let the publicknow the full impact thatfuel has on our business”.

This means that customersare charged a "basic tariff,”which is based on the costof defraying the cost ofdoing business, includingsalaries, maintenance and alittle profit, and a separatefuel charge that variesdepending on the price offuel on the internationalmarket.

Businesses feel electricity costs

The Bahamas Telecommu-nications Company (BTC)has met all its Significant Mar-ket Power (SMP) obligations,allowing it to enter new com-munications markets, indus-try regulator said yesterday.

BTC able to enternew markets

Bank relaxes corporategovernance strictures

It can only be done by a thirdparty.

“No one else will be inter-ested in those contracts,because they’re strictly subdi-vision contracts to do with landrestrictions, and benefits andsubdivision rules to do with theland. Phil’s been specificallyappointed to do that for thatpurpose. Ginn-LA West Endhas no assets anyway; they’reall mortgaged to Credit Suisse.”

Mr Galanis declined to com-ment when contacted by Tri-bune Business, only saying:“I’m under fairly strict ordersnot to discuss it in the press,and I intend to honour that.”He referred this newspaper toDana Wells, a Graham,Thompson & Co partner who isunderstood to be handling thisaspect of the foreclosure forCredit Suisse.

Tribune Business also under-stands that Graham, Thomp-son & Co have been told notto speak publicly by the lendingsyndicate. But a number of itsleading partners, includingRobert Adams, Judith White-head and Dana Wells, are allworking on the file.

The contracts/rights adver-tised for sale include infra-structure, golf course and utili-ty services agreements, alongwith land use restrictions,between Ginn and the nearbyOld Bahama Bay resort, whichcontinues to be owned by Gin-n’s seed capital/financing part-ner, Lubert Adler.

As to the foreclosure, a July4, 2011, affidavit filed by Giah-na Soles, a Graham, Thomp-son & Co attorney, alleged thatthe Credit Suisse syndicatewanted the draft ConsentOrder agreed with Ginn to be“duly entered as an Order ofthis Court”.

Indicating that the Ginn fore-closure is not yet over, as erro-neously reported in somemedia, Ms Soles’ affidavit also

detailed that there were twoadverse claimants claiming titleto some of the property CreditSuisse and its fellow lenders areseeking to foreclose on.

It is unclear whether, in lightof this, the Supreme Court willgrant the Order they are seek-ing.

With Ginn and Credit Suissehaving agreed to the foreclo-sure, subject to a debenture andmortgage, Ms Soles said: “I donot see any reason for the draftConsent Order agreed betweenthe plaintiff and the defendantin respect of the present actionto be held in abeyance........Moreover, substantial intereston the said loan continues toaccrue on a daily basis.

“I am aware that SamuelSmith and Anthony Cooperhave filed summonses seekingleave to intervene in this actionon May 30, 2011. These sum-monses reveal that both indi-viduals are seeking permissionto intervene on the basis thatthey are the fee simple ownersof land that is allegedly the sub-ject matter of the instant pro-ceedings.”

Both men had commencedseparate legal actions to asserttheir claims, and remainedpending, but Ms Soles urgedthe court: “The intervener sum-monses as well as the saidactions relating to ownershipmay, in my view, be addressedin the future.”

Credit Suisse and its lendingsyndicate members haddemanded that, if Ginn failed

to make good all sums owingunder their $276.75 million loanfacility, they should be permit-ted to foreclose on the bulk ofits resort development site inGrand Bahama's West End.

Ted Dameris, a director ofG-LA Resorts Holdings(Bahamas), alleged in a May31, 2011, affidavit, that unpaidinterest on the $276.75 millionloan was accruing at the rate of$14,539 per day.

As of that date, the Ginn surmer developers owed the Cred-it Suisse syndicate some $61.351million in unpaid principal and$16.546 million in interest fora grand total of $77.896 million.

The loan was supposed to berepaid in 24 quarterly instal-ments, beginning on Septem-ber 30, 2006, and continuinguntil maturity on June 8, 2012."As of March 31, 2011, 16 peri-odic payments in arrears," MrDameris alleged of Ginn surmer's financial state of affairs.

"On the 5th day of May,2011, Credit Suisse madedemands on the defendant[Ginn-LA West End Ltd] forrepayment of the principal bal-ance of $61.351 million, togeth-er with interest in the amountof $16.429 million, as securedby the Promissory Note, theSupplemental Debenture andthe Supplemental First LegalMortgage......

"It is not possible for the

defendant to now remedy theevents of default. Despite this,the defendant has failed tomake payment of all sums out-standing."

Outlining the grounds forCredit Suisse's claim that Ginn,headed by Edward Robert'Bobby' Ginn III, had defaultedon its agreement, Mr Damerisalleged that the West Enddeveloper had failed to makeany principal or interest pay-ments since June 2008.

And he further claimed thatGinn had breached its commit-ment to pay all taxes, assess-ments and government chargesrelating to the project, adding:"In breach of this provision ofthe Intercompany CreditAgreement, [Ginn-LA WestEnd] has not paid its real prop-erty taxes on the Ginn projectat all for the currentyear............"

"As a result of the events ofdefault which remain unre-solved and uncured, and themoney secured by the Bahami-an securities which remain out-standing and unpaid, the plain-tiff [the Credit Suisse syndicate]is empowered to proceed andenforce its rights under thePromissory Note and Supple-mental Debenture, and theSupplemental First Legal Mort-gage," Mr Dameris alleged.

BUSINESS

PAGE 4B, FRIDAY, JULY 22, 2011 THE TRIBUNE

could be used to facilitate illegal transactions and result in the‘managed company’ being exposed as a “sham”.

Adding that this could expose Bahamian bank and trust com-panies, and their executives, to potential legal action, the CentralBank warned: “The Bank is of the view that GPAs could be usedfor illicit transactions (such as terrorism financing or AutomaticTeller Machine purchases) for which a firm’s staff or nomineecompanies (as officers and directors) could be held responsible,potentially resulting in reputation risk exposure to the licensee andthe jurisdiction.

“As well, the use of a GPA by the beneficial owner or third par-ty could result in the managed company being held to be a sham,resulting in the piercing of the veil of the managed company withrespect to tax and legal issues, thereby undermining the purpose forwhich the managed company was established and potentiallyexposing a licensee to legal action by the beneficial owner.”

As a result, Mr Bereza, on the Central Bank’s behalf, warned:“Given these circumstances, the Bank’s position is that licenseesshould refrain from granting GPAs on behalf of managed com-panies for the conduct of business transactions in general, butparticularly in instances where a licensee provides officers anddirectors to a managed company.

“Where a licensee chooses to issue GPAs, the Bank expects thatthe licensee will have appropriate risk control and mitigation mea-sures in place.”

A Power of Attorney is a written authorisation given by an indi-vidual or company, known as the grantor, to someone else to acton their behalf. The latter is known as the grantee.

Commending the Central Bank for its warning, Mr Moree toldTribune Business: “I think good judgment and common sensewould prevent a service provider from accepting to serve on anentity or company, as a director, president, vice-president or sec-retary, that then turns out to make a wholesale delegation of dutyand authority to a person by a wholesale power of attorney.

“It is extremely dangerous to do a wholesale delegation ofduties and powers through general, unlimited powers of attor-ney. It is extremely dangerous, and completely inconsistent withprudential norms and standards.”

He added: “You’ve got to be careful about all powers of attor-ney, but to the extent that circumstances make it necessary togive powers of attorney, it should be very limited, very specific andgranted to someone who the grantor has complete confidencein.”

Mr Moree told Tribune Business that powers of attorney were“a part of doing business and widely used in appropriate circum-stances, but you have to be very careful about the scope of powers,the persons you grant it to, and the duration - how long you aregranting it”.

“It is also true that if you’re giving unlimited, wide powers ofattorney to the person who is the beneficial owner of the compa-ny, it raises questions as to whether it’s a sham or not, and whetherthe person is getting the true benefit of the structure,” Mr Moreeadded.

“Most prudent persons know the dangers of unlimited powers ofattorney. Professionals should never be convinced to give theseunlimited, wide powers of attorney to third parties.

“Good judgment and best practices normally require a grantorto make powers of attorney quite specific, and quite limited for thepurposes of being delegated to the grantee. It should never be awholesale delegation of powers and duties for an unlimited period.”

ial responsibility for the Small and Medium Sized BusinessDevelopment Bill, said the priority was to craft legislation“that works” for companies who, studies have shown, accountfor more than 90 per cent of all Bahamian-registered busi-nesses - but only just over 5 per cent of per annum grossdomestic product (GDP).

Acknowledging that further consultations would be heldwith the Bahamian private sector once the Bill was completed,Mr Laing said that while the aim was to conclude drafting bysummer’s end, he had no control over when it would be broughtto Parliament.

Explaining that the legislative agenda was determined by thePrime Minister and Cabinet collectively, Mr Laing told TribuneBusiness: “The best thing I can say is that we’re trying to get itfinalised so we can put it out there......

“We have to have a piece of legislation that works for smalland medium-sized businesses. We are in the final stages ofpreparation of the legislation, and trying to make sure we dowhat works for them.

“I expect us to have it totally finished over the summer. Weare well advanced, and in the final stages of finishing the draft.There are some discussions that have to be held with stake-holders, but we are advanced in preparation.”

As if to emphasise the Government’s intent to move theBill forward, Mr Laing added: “I expect that all we have to doin preparing the draft, and concluding consultations, will bedone by the end of summer; by the time we return to Parlia-ment.”

SupportThe Small and Medium-Sized Business Development Bill,

which is designed to provide an all-encompassing supportframework for such companies, which are predominantlyBahamian-owned, has received input from the likes of theBahamas Chamber of Commerce and Employers Confedera-tion (BCCEC) and the Inter-American Development Bank(IDB).

“This is a Bill that we are preparing in conjunction with theChamber of Commerce, so that it reflects collective views on thekind of things needed to support small and medium-sizedenterprises,” Mr Laing added.

As to whether the Small and Medium-Sized Business Devel-opment Bill makes it to Parliament before the upcoming gen-eral election, much will depend on how cluttered the Ingrahamadministration’s legislative agenda is, as it rushes to completethis before political business intervenes.

Still, Mr Laing acknowledged the importance of such firms tothe Bahamian economy, telling Tribune Business that throughbeing smaller and more nimble, they were better able to adjustto recessions than their larger counterparts, making them“more durable”.

“The reality is that, collectively, they provide a kind of sus-tainability to your economic engine,” the minister explained.“When you have changes in the economy, sometimes largecompanies have to react very, very quickly. That often meanscost containment, which in turn means lay-offs.

“But you have micro enterprises and small entrepreneursthat, while they may be hit hard, have more durability. In goodtimes, they hire more people, and in bad times adjust quickly toavoid lay-offs.

“Small and medium-sized businesses tend to sustain thatgrowth over time. They are nimble enough to not make bigwaves when going forward, and also to not make big waveswhen going backwards.”

el of bureaucracy, which is involved in obtaining regulatory licences,and complying with regulatory guidelines that apply to each sector.”

Regulatory consolidation, he added, would “modify, simplify, theregulatory red tape and bureaucracy that exists in the financial ser-vices industry.”

Mr Moree acknowledged that supervisory red tape impacting theBahamas’ second largest industry was “not as bad as it was sever-al years ago”, paying tribute to the regulatory improvementsbrought about by physical consolidation and enhanced co-opera-tion.

“We’ve certainly made steps in the right direction,” he added.“My concern is that people will review that, see we’ve been rela-tively successful, and come to the conclusion there’s no need to fin-ish the reforms.”

Hinting that some government circles were thinking exactlyalong these lines, Mr Moree told Tribune Business: “While one hasto acknowledge the progress we have made, that is no reason tointerrupt the completion, or lose sight of the need to complete thereform.

“Having done the physical consolidation in the same building,and put in place Memorandums of Understanding, there’s certainlymore communication than there was.

Objectives“Having achieved these laudable objectives, it cannot be used as

a reason to diminish the importance of finishing the job or leadingto reconsideration of whether it’s necessary to take the final step.That’s the concern I have.”

And the McKinney, Bancroft & Hughes senior partner added:“It would, in my view, be a major mistake to think that becausewe’ve made progress along the way, and because communicationis better than it was, that’s enough to serve the interests of theindustry, and the urgency to take that final step of consolidationinto one or two regulators is no longer necessary.”

Mr Moree also renewed his call for the Government to appointa director of financial services, who would have the same respon-sibilities as the director-general of tourism.

Acknowledging that the public finances were tight, and theGovernment was looking at ways to cut costs wherever it could, headded: “I don’t think you do it on the back of the second largestindustry in the country.

“Given the complexity of financial services, and intensity ofcompetition from old and new jurisdictions trying to take advan-tage of this industry, and the dynamic nature of issues relating torunning the financial services industry, there can be no doubt weneed a chief executive much in the same way as we have a director-general of tourism,” Mr Moree said.

“It’s important for us to have a director of financial services whowould be the chief executive, and primary champion, of financialservices in our country.”

BANK’S WARNING ON ‘VERY DANGEROUS’ ATTORNEY POWERSFROM page 1B

Small businesslegislation is

‘in final stages’FROM page 1B

‘Major mistake’ notto finish financial

regulatory mergerFROM page 1B

Court order sought on$4.9bn Ginn foreclose

FROM page 1B

Bahamas hosting

event forfirst time

in 10 years

Team Bahamas hasdefeated China at theprestigious WorldBaseball Challenge inPrince George, British

Columbia, Canada. The island-nation faced off against five of thetop-ranked baseball nations in theworld.

“This is the first time the Bahamashas defeated a country at this levelsince 1979 at the Pan Am Games inPuerto Rico, almost 32 years ago.

The Bahamas has not played nine-inning baseball at this level since1979,” according to a press release.

“The executive committee of theBahamas Baseball Federation(BBF) would like to congratulateTeam Bahamas on an outstandingjob and on their momentous accom-plishment,” said the release.

The team defeated China’s nation-al team, Beijing Tiger, 6–5. China isnow ranked No.15 in the world andthe Bahamas is presently ranked No.

65 in the IBAF (International Base-ball Federation) ranking.

“The BBF and its membership, innine short years, has its secondmajor accomplishment on the inter-national baseball scene. In 2006, theBahamas defeated Cuba 2-1 at the3rd World University Games hostedin Havana, Cuba,” said the release.

BBF secretary general TeddySweeting said the federation “willcontinue to build on its success andreview the pitching short falls and

other aspects from the tournament itneeds to build upon and beginpreparing for next year.

“We wish all our college and highschool players a very successfulschool and baseball season as theyprepare to return to their variousinstitution,” he said.

Individual player accomplish-ments at the World Baseball Chal-lenge include:

THE TRIBUNE • SECTION E FRIDAY, JULY 22, 2011

INSIDETRAK

TTUURRNN TTOO 22EE......

TTUURRNN TTOO 33EE......

TTUURRNN TTOO 44 && 55EE......

USAIN BOLTLOOKING FOR

WINS NOTRECORDS

ATLANTIS:BASKETBALL

COACHES’CLINIC SET FORNEXT MONTH

OFFICIALRESULTS:NATIONALCYCLINGCHAMPS.

PARAGUAYTO FACE

URUGUAYIN COPAAMERICA

FINAL

SCHLECK WINS18TH STAGE,

VOECKLER KEEPS THE TOUR LEAD

TTUURRNN TTOO 77EE......

TTUURRNN TTOO 88EE......

STAR POWER: A number of Bahamian athletes, including Latario Collie-Minns and Lathone Collie-Minns (in action above), areexpected to make up the strong male contingent in the field at the Junior Pan Am Track and Field Championships, which startstoday in Miramar, Florida.

(FILE photo)

Leading the field

An historic victoryBahamas beats China in World Baseball Challenge

SSEEEE ppaaggee 22EE

By RENALDO DORSETTSports Reporterrdorsett@tribunemedia.net

THE Bahamas returns tointernational competition ingrand style as the country hoststhe XXI (21st) Caribbean Bas-ketball Confederation Champi-onships – the event is scheduledto start Saturday at the KendalIsaacs Gymnasium.

This will mark the first time in10 years that the Bahamas hashosted the championships,which it has won six times –more than any other country.

The defending championsJamaica have been drawn inGroup A alongside the VirginIslands, Antigua and Barbuda,Guyana and the Turks andCaicos Islands.

On July 28, the top two teamsfrom the group will qualify forthe semifinals where they willface off against the winners ofGroup B, comprising hostBahamas, the British VirginIslands, Bermuda, St Vincentand the Grenadines and theCayman Islands,

Competition begins 1pm Sat-urday with a Group B matchupfeaturing Bermuda against StVincent and the Grenadines.

The Virgin Islanders will faceTurks and Caicos at 3pm fol-lowed by Jamaica againstAntigua and Barbuda at 5pm.

The opening ceremony isscheduled for 8pm, followed bythe Bahamas taking the courtagainst the Cayman Islands at9pm.

In the preliminary round, theBahamas will play in the fea-ture game at 9pm each night.

On Sunday, they face Bermu-da, Monday they take on StVincent and Wednesday, theBritish Virgin Islands.

Since tournament’s inception,the Bahamas has won the men'stitle in 1982 (Jamaica), 1984(Bahamas), 1985 (Barbados),1991 (Jamaica), 1993 (Barba-dos) and 1995 (Barbados). Theycaptured the bronze at the last

SSEEEE ppaaggee 33EE

LUCERNE, Switzerland(AP) — United States sprint-er Walter Dix won the 200-meter race in 20.02 secondsat the Spitzen meeting onThursday.

Marvin Anderson ofJamaica finished in second,trailing by more than a half-second.

Dix's finish was the season'sthird-fastest 200 meters.Olympic champion UsainBolt's 19.86 in Oslo lastmonth and fellow JamaicanNickel Ashmeade's 19.95 inKingston are the only fastertimes in this world champi-onships season.

Dix raced in Europe for thefirst time this season afterwinning national titles in 100and 200 meters.

Dix was the meet's starattraction when pole vaultworld record holder YelenaIsinbayeva withdrew afterwarming up. Isinbayeva toldthe Lucerne crowd she hurther hand on landing.

NFL owners vote for tentative

deal

SPORTS

PAGE 2E, FRIDAY, JULY 22, 2011 TRIBUNE SPORTS

By SAMUEL PETREQUINAP Sports Writer

MONACO (AP) — UsainBolt claims he'll be happy tosuccessfully defend bothsprint titles and stay injury-free at the world champi-onships, ruling out theprospect of lowering his 100-meter world record.

The Jamaican will take onEuropean championChristophe Lemaitre ofFrance and teammates NestaCarter and Michael Frater atthe Diamond League meet inMonaco today. It's his last 100before the worlds openAugust 27 in Daegu, SouthKorea.

After being hampered byinjuries last season, Bolt's sea-son-best time of 9.91 secondsis well short of his worldmark.

"I'm not where I want tobe. It is getting better but it'sa long way from 9.58, forsure," Bolt said at a news con-ference Thursday. "I don'tthink I'll be in that form thisseason. But I definitely needto get to 9.6, 9.7. I'm workinghard, I'm trying to stayfocused on the job I have andit's coming together."

Bolt ended his season lastAugust because of back andAchilles' injuries after losingto Tyson Gay in Rome. Hereturned to that track in Mayto run his fastest 100 of theyear. But he's wary of pushinghis body too hard, citing hisAmerican rival's absencefrom the worlds following ahip operation.

"People think you just goand run fast," said Bolt,whose last race before theworlds will be in the 200 atStockholm. "But when youget injured it's very hard, asyou can see with Tyson Gay,to come back from injuries.

"You have to be careful inthe way you push you body.You've got to work to takeyour time. Sometimes whenyou want to rush things it'sgoing to be worse. But I have

a great coach and he knowswhat to do."

The three-time Olympicchampion still has the Mona-co meet record of 9.82 in hissights, set three years ago byAsafa Powell. He wants toextend his dominance overLemaitre after beating him inthe 100 in Rome and in the200 in France this month.

"I've seen it's very fast,"Bolt said of the Louis II sta-dium track. "But for me, it'sall about execution. If I canget execution, then it shouldbe a good time. I'm just look-ing forward to executingwell."

Lemaitre said his form isimproving and fatigue won'tbe a factor.

"Tomorrow, I will aim forthe best possible placing.When you look at the field,it's obvious that a good plac-ing will bring a good time,"he said.

The meet also will markAustralian pole vaulterSteven Hooker's return. TheOlympic and world champi-on, who hasn't competedsince the CommonwealthGames in October because ofa knee injury, is up againstAmerican leader Brad Walk-er and European championRenaud Lavillenie of France.

"But I've been training thewhole time," Hooker said. "Iwould have liked to jump abit more, but let's see how itgoes. I spent my time, sur-prisingly enough, training. Ittook a long time to get it right.I spent a lot of time in thegym and I think I'm strongernow."

In the men's 800, Kenyanworld record holder DavidRudisha will have pacemakerSammy Tangui in the field ashe tries to improve on the sea-son-best time of 1:43.46 he setlast month in Nancy, France.

"The key is good weatherand Sammy is here, so he'llset a good pace," Rudishasaid.

"I'm expecting a newworld-leading time."

Bolt looking for wins not world records

WalterDix

finishes in 20.02 to win the 200

Bahamasbeats China

in WorldBaseballChallenge

• Ali Knowles of GrandBahama, named defensiveplayer of the game againstJapan

• Ronald Pena of NewProvidence, named defensiveplayer of the game againstChina

• Brandon Murray of NewProvidence, the game MVPagainst China

• Desmond Russell ofGrand Bahama, named teamMVP against Canada

• Stephen Curtis New Prov-idence, named defensive play-er of the game against Chinain the playoff contest

• Richard Bain and TraeSweeting, both of New Prov-idence, named co-team gameMVPs in the playoff contest

FFRROOMM ppaaggee 11EE

MAKING HISTORY: Team Bahamas (above) beat China at the prestigious World Baseball Challenge in Prince George, British Columbia, Canada. The island-nation faced off againstfive of the top-ranked baseball nations in the world. The team defeated China’s national team, Beijing Tiger, 6–5. China is now ranked No.15 in the world and the Bahamas ispresently ranked No. 65 in the IBAF (International Baseball Federation) ranking.

HAMBURG, Germany (AP) — Top-seeded Gael Monfils ofFrance defeated Radek Stepanek of the Czech Republic 6-4, 6-4 Thursday to advance to the quarterfinals of the GermanOpen.

Monfils fell behind 2-0 to start the match but rallied to winfour straight games. Monfils broke Stepanek's serve threetimes to set up a match with fellow Frenchman Gilles Simon.

Simon outlasted Jarkko Nieminen of Finland 7-6 (4), 3-6, 6-4 to reach the quarterfinals in Hamburg for the first time in sixattempts. Second-seeded Jurgen Melzer of Austria advanced bybeating 15th-seeded Fabio Fognini of Italy 6-2, 6-3.

Melzer, who was runner-up in Hamburg last year, neverfaced a break point.

He willface eighth-seeded Fernando Verdasco of Spain, whobeat German wild card Cedrik-Marcel Stebe 7-5, 6-2.

Third-seeded Nicolas Almagro of Spain beat PhilippKohlschreiber 6-3, 7-5 and will meet Florian Mayer, who edgedJuan Monaco 7-5, 7-5.

Fourth-seeded Mikhail Youzhny of Russia beat wild cardJulian Reister 6-3, 6-3. He'll play Marin Cilic of Croatia, whorallied past wild card Tobias Kamke 3-6, 6-3, 6-2.

GGeerrmmaann OOppeenn:: MMoonnffiillss aannddMMeellzzeerr aaddvvaannccee ttoo qquuaarrtteerrss

GAEL MONFILS returns a ball during a quarterfinal Davis Cup tennis match in southern Germany.(AP Photo)

COLLEGE PARK, Ga.(AP) — NFL owners vot-ed overwhelmingly infavour of a tentative 10-year agreement to end thelockout, pending playerapproval.

Thursday's vote was 31-0, with the OaklandRaiders abstaining fromthe ratification, whichcame after a full day ofmeetings at an Atlanta-area hotel.

While owners poredover the terms, Commis-sioner Roger Goodellspoke on the phone sever-al times with NFL PlayersAssociation head DeMau-rice Smith, including fillinghim in on the results of thevote before it wasannounced.

"Hopefully, we can allwork quickly, expeditious-ly, to get this agreementdone," Goodell said. "It istime to get back to foot-ball. That's what every-body here wants to do."

Players still had to signoff on the deal — and theymust re-establish theirunion quickly for theagreement to stand, theNFL said.

JAMAICAN Olympic champion Usain Bolt wins the 200m at the AF Diamond League athletics meeting.(AP Photo)

TULSA, Oklahoma (AP)— Former Olympic goldmedal-winning sprinter Mar-ion Jones has been cut by theWNBA's Tulsa Shock, bring-ing her future in basketballinto question.

The Shock announcedThursday they had waivedJones to make room for for-mer Oklahoma center AbiOlajuwon.

In her second season, Joneswas averaging less than apoint per game in 14 appear-ances for Tulsa, which is a

league-worst 1-14 headinginto the All-Star break.

"I want to thank the TulsaShock, Coach (Nolan)Richardson, the WNBA andmy tremendous teammatesfor providing me the oppor-tunity to fulfill a dream, and aplatform to demonstrate topeople, especially our youth,that if you have faith, life isfull of second chances," Jonessaid. "I love the game andwelcome another opportunityto contribute to women's pro-fessional basketball."

Jones was not available tocomment further Thursday.

Once among the world'sbest-known female athletesand the fastest woman in theworld, Jones won three goldmedals and two bronzes at the2000 Sydney Olympics butended up giving the medalsback and serving about sixmonths in prison after admit-ting she had lied to federalinvestigators about takingsteroids.

Jones was the point guardfor North Carolina's nationalchampionship team in 1994but was away from basketballbetween the end of her col-lege career and the start ofher foray into the WNBA lastyear.

Beyond seeing whether shecould make it as a pro bas-ketball, she said she was hop-ing others could learn fromthe mistakes she made lyingto investigators probing per-formance-enhancing drug useand a check fraud scam.

She created a "Take aBreak" campaign, encourag-ing people to pause for amoment before makingimportant decisions — some-thing she wished she had doneduring the investigation.

The Shock were intriguedenough by her first season,when she played in all 34games and averaged 3.4points and 9.4 minutes, thatshe was re-signed and madethe team after training camp.But she had only four basketsin 14 games with fading play-ing time.

She became the secondplayer waived since four-timeOlympic basketball goldmedalist Teresa Edwardstook control of the team fromNolan Richardson.

Edwards said bringing inOlajuwon — the daughter offormer NBA All-StarHakeem Olajuwon — wasintended to bring size, defenseand rebounding that theShock are lacking.

By RENALDO DORSETTSports Reporterrdorsett@tribunemedia.net

IN an effort to further developthe game of basketball and increasethe product produced on the floor,the Bahamas Basketball Federation(BBF) will aim to continue its ini-tiative of improving the skills ofcoaches across the country.

The BBF is scheduled to host itssecond annual International Bas-ketball Coaches Clinic, August 4-6 atthe Atlantis resort.

A myriad of high-profile coacheswill be imported for a weekend oftutelage in various aspects of thegame and the clinic is open to bas-ketball coaches at every levelthroughout the country.

BBF president Lawrence Hep-burn said the progression of thegame is not an option but is man-

dated by thefederation.

"As a federa-tion, whether itis this adminis-tration or thenext, we arefaced with amandate to edu-cate our coach-es," he said."We must alsoensure that ouryoung athletesare in the bestpossible positionto succeed by receiving the best pos-sible coaching they can have."

"We put this event on last year atthe Breezes hotel and we had greatsupport from our American coun-terparts. We had coaches and ath-letic directors from every level ofbasketball in the United States here

to take part and interact with ourlocal coaches," Hepburn said. "Thisis another big event and we againhave a number of top-level coachescoming down."

Highlighting the group of visitingcoaches was Frank Martin, headcoach of the Kansas State Wildcats,who reached the Elite Eight of theNCAA tournament in 2010.

Martin will return this year todeliver a presentation on “K StatePractice Drills.”

Two-time national championcoach Roy Williams, of the NorthCarolina Tar Heels, will also be oneof the headliners at the clinic.

Other presenters include KevinSutton of USA Basketball who wona high school national championshipin 2007 and the 17-and-Under FIBAWorld Championship, Nikki Cald-well of the LSU Tigers, Josh Pastnerof Memphis, Donnie Jones of Cen-

tral Florida, Jose Fernandez of SouthFlorida, Danny Henderson of Mar-cus Texas High School - 5A StateChampions in 2011 – and BrendanSuhr who has served as an assistantcoach for the NBA’s Detroit Pis-tons, New Jersey Nets and OrlandoMagic.

After the completion of the inau-gural event, Hepburn noted the dis-appointing number of local coacheswho took advantage of the clinic,but insisted that it was a resound-ing success.

"The one thing that appears to bea bit of a disappointment is theturnout from local coaches. I mustsay we expected a greater turnoutbased on the number and calibre ofvisiting coaches we had in town toconduct the clinic. We anticipatedmore than 50 coaches to come andtake part and that did not happenbut, as a federation, it is our job to

provide the opportunities, to learn itis up to these coaches to take advan-tage," he said.

"For those that attended, it wasan experience for them that they willnot soon forget and would undoubt-edly make them better at what theydo. It was a learning experience forthose that came to listen, but alsofor those who presented and manylasting relationships were formed."

With the increased profile of theevent, he expects those numbers toincrease in year two.

"We believe there is a thirst forknowledge out there among coachesacross the country because they tru-ly want to make their players andthe entire system better," Hepburnsaid. "We will continue to under-take projects like this one and fur-ther our initiatives and those thatare willing to learn will grow as thesport continues to grow."

CBC Championships in theBritish Virgin Islands in 2009.

Jamaica is the defendingchampions, having won overthe host country.

The championships allowthe top three or four teamsto earn berths to the Cen-trobasket with the view ofadvancing to the FIBA WorldChampionships or Olympics.

According to BBF presi-dent Lawrence Hepburn, themen's tournament will be heldunder the patronage ofMychal 'Sweet Bells' Thomp-son, a former three-time NBAchampion with the Los Ange-les Lakers, and will be dividedinto two zones.

From the tournament, thetop three teams in both themen's and women's divisionswill advance to the CentroBasket, which is made up ofthe top eight countries in theCentral American andCaribbean.

At the end of the CentroBasket tournament, the topfour teams in the men andwomen will secure berths inthe FIBA Americas ZoneChampionships. And fromthe Zone Championships, thetop three teams will go on tothe World Championships orthe Olympics, which ever isheld first at the completion ofthe latter event.

"It's a great sports tourisminitiative, so we hope to havethe fine folks from the Min-istry of Tourism on boardwith us," Hepburn stated."We want to let the publicknow that there will be rev-enue for having these peoplehere. We want the Bahamianpeople to make them feel spe-cial, so come out and supportevery team that comes in herebecause of the exposure thatthe Bahamas will gain fromthis."

SPORTS

TRIBUNE SPORTS FRIDAY, JULY 22, 2011, PAGE 3E

FFRROOMM ppaaggee 11EE

Myriad of high-profile coaches toteach at Atlantis basketball clinic

Bahamashosting

event forfirst time in

10 years

Former Olympic sprinter Jones cut by Shock

HEPBURN

MARION JONES walks off the court after a 101-89 loss to the Connecticut Sun in a WNBA game. FormerOlympic gold medal-winning sprinter Marion Jones has been cut by the WNBA's Tulsa Shock, bringingher future in basketball into question.

(AP Photo)

SPORTS

PAGE 4E, FRIDAY, JULY 22, 2011 TRIBUNE SPORTS

Highlights of BCF’s Independence

AWARD WINNERS: Cyclists in the 2011 Bahamas Cycling Federation’s 38th Cycles Unlimited Independence National Cycling Championships receive their awards.

SPORTS

TRIBUNE SPORTS FRIDAY, JULY 22, 2011, PAGE 5E

THE official results of the 2011 Bahamas Cycling Federation’s 38th Cycles Unlimited Independence Nation-al Cycling Championships have finally been ratified.

OOFFFFIICCIIAALL RREESSUULLTTSS

OOvveerraallll wwiinnnneerrss ooff 7722 mmiilleess rrooaadd rraaccee

1st Place Thomas Seier Time 3hrs 25mins. 52sec Team Carmin Cerlveo2nd Tracey Sweeting 3hrs 27mins.26se Team Potcake (National Champion)3rd Roy Colerook Jr 3hrs 27mins.27sec Team Generali Warriors4th Van Demeritte 3hrs 27mins.28sec Team Potcake5th Mark Holowesko 3hrs27mins.30sec Team Carmin Cerlveo6th Chris Farvum 3hrs29mins.21sec Team Carmin Cerlveo7th Simon Lowe 3hrs.31mins.02sec8th Wayne Price 3hrs.33mins.10sec Team Generali Warriors

DDiivviissiioonnaall WWiinnnneerrss

Senior I1st Place Thomas Seier2nd Tracey Sweeting (National Men Champion)3rd Mark Holowesko4th Chris Farvum5th Simon Lowe

SSeenniioorr IIII ccoovveerr 7722 mmiilleess

1st Place Van Demeritte2nd Place Wayne Price Elite Juniors Boys1st Place Roy Colebrook Time 3hrs 27mins.72sec Generali Warriors Nat Elite Jr Champion

SSeenniioorr IIIIII ccoovveerr 4488 mmiilleess

1st Place Abraham Mcintyre Time 2hrs 22mins Bah Methodiste Habitat (Eluethera)2nd Rob Rothwell Time 2hrs 23mins3rd Brad Heney

SSeenniioorr IIVV ccoovveerr 2288 mmiilleess

1st Robert Bethell Time 1hr 30mins (Team Potcake)2nd Thomas Mackey Time 1hr 44mins (Team Warlords)3rd Timothy Sturrup Time 1hr 53mins (Team Warlords)4th Anthony Roberts Sr Time 1hr 55mins (Team Potcake)

OOppeenn WWoommeenn ccoovveerr 2244 mmiilleess

1st Barbara Ann Bernard Time 1hr 18mins.54 sec (National Women Champion)2nd Sylvia Russell Time 1 hr 44mins (Team Potcake)

NNoovviiccee MMaallee 1188 mmiilleess

1st Nate Partee Time 1hr 34mins.15sec Bah Methodist Habitat ( Eleuthera)

JJuunniioorr BBooyyss UU--1177 ccoovveerr 2244 mmiilleess

1st Peter Graham Time 1hr 17mins.27sec Potcake (Nat Champion U-17)2nd Justin Minns Time 1hr17mins.31sec Generali Warriors3rd Peetron Lightbourne Time 1hr 20mins.12sec Generali Warriors4th Michael Seymour Time 1hr 21mins.50sec Generali Warriors

JJuunniioorr BBooyyss UU--1144yyrrss ccoovveerr 1188 mmiilleess

1st Antonio Roberts Time 1hr 03mins.31sec Potcake (Nat Champion U-14)2nd Felix Neely Time 1hr 17mins.48sec Generali Warriors3rd Jamson Rolle Time 1hr 17mins.55sec Generali Warriors4th Cecil Williams Time 1hr 18mins.13sec Generali Warriors

JJuunniioorr GGiirrllss UU--1144yyrrss

1st Antinece Simmons Time 58mins.03sec Generali Warriors (Nat Jr Champion)

National Cycling Championships

ON THE BIKE RIDE: Cyclists compete in the Independence National Cycling Championships.