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THURSDAY, JULY 13, 2017

$4.15 ‘NOBODY ON GRAVY TRAIN’ DESPITE 7.59% AUTO SALES GROWTH By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net BAHAMIAN auto dealers were yesterday said to be “unsettled” despite a 7.59 per cent year-overyear sales increase for the 2017 first half, with one saying: “I don’t think anybody’s on the gravy train.” Rick Lowe, the Bahamas Motor Dealers Association’s (BMDA) secretary, told Tribune Business that the increase masked uncertainty caused by sales trends that were difficult to predict. He added that unpredictable sales created inventory difficulties for an industry on seven-month ordering cycles, and said a deeper look at historical trends suggested the 2017 figures were no indication of recovery. BMDA data released yesterday showed that new auto sales were up 33.55 per cent for the 2017 first quarter, having risen from 316 units in 2016 to 422 this year. But Mr Lowe, who is also director/operations manager at Nassau Motor Company (NMC), and the BMDA

Dealers ‘unsettled’ by ‘erratic’ trends Q1 sales up 34%, but Q2 down 11.69% History shows recovery yet to emerge suggested that much of the first quarter increase was due to fleet sales to the Government and car rental companies. He added that the 11.69 per cent year-over-year decline in second quarter sales, which fell from 462 to 408, was likely due to the Car Show’s postponement. This cost BMDA members, and new auto dealers generally, their typical annual spike in sales. “While general elections tend to slow the economy, the dip from April through June is quite dramatic, causing some uneasiness among the BMDA membership,” the BMDA statement said. Fred Albury, the BMDA’s president, added: “It’s difficult to project orders See PG B2

CORRUPTION ‘SO INGRAINED IT IS NATIONAL STATUS QUO’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net GOVERNANCE reformers yesterday moved to ensure there was “no wiggle room” on the Government’s anti-graft pledges by proposing the creation of an Anti-Corruption Task Force (ACT). A group of civil society and private sector organisations said the ACT would work with the Minnis administration to fight corruption, saying this had “become so ingrained in government operations that is widely recognised as status quo in the Bahamas”. Matt Aubry, executive director of the Organisation for Responsible Governance (ORG), told Tribune Business that the group’s

$4.19

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Insurers demand political ‘maturity’ over junk threat By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net INSURANCE chiefs yesterday demanded “more maturity” from Bahamian politicians, warning that a Moody’s ‘junk’ downgrade could have a “devastating” impact on their own companies’ ratings. Anton Saunders, RoyalStar Assurance’s managing director, urged the main political parties to “stop bickering about the past” and instead focus on resolving the Bahamas’ fiscal crisis by growing the economy. Describing Moody’s ‘downgrade review’ as another “wake-up call” for the

Fear ‘devastating’ impact on local rated firms Parties urged to ‘stop bickering’ over blame And to set ‘clear pathway’ for fiscal recovery country, Mr Saunders also called on the Government to embrace all “brains” in crafting a recovery strategy rather than listen only to its

own supporters’ advice. RoyalStar is rated by A. M. Best as having the jointhighest financial strength among Caribbean insurers. However, a second ‘junk’ downgrade of the Bahamas’ sovereign creditworthiness would force the global insurance rating agency to look more closely at ‘country risk’ when evaluating local insurers. Besides RoyalStar, both Bahamas First and Summit Insurance Company enjoy high financial strength and ‘issuer’ ratings from A.M. Best. Patrick Ward, Bahamas First’s president and chief executive, warned less than two weeks ago that this nation could not afford any

further sovereign downgrades due to the impact on private firms’ ratings. With his worst fears now materialising, Mr Ward yesterday backed Mr Saunders’ arguments in more cautious language. Besides avoiding Moody’s threatened action, the Bahamas First chief urged the Minnis administration to lay out its economic growth plans as a “balance” to its 2017-2018 Budget statements. “It’s not just a question of avoiding the downgrade,” Mr Ward told Tribune Business. “We need to see some specific steps taken so that we have a clear pathway to improving the position. See PG B4

Chamber chief: Moody’s ‘a bit trigger happy’ over threatened downgrade By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

EDISON SUMNER

THE Chamber of Commerce’s chief executive yesterday said Moody’s was “being a bit trigger happy” over its threatened ‘junk’ downgrade, and should give the Government more time. Edison Sumner told Tribune Business that with the Minnis administration having been in office for just two months, it would “be

more reasonable” for the credit rating agency to allow it time to set out - and execute - its economic and fiscal revival plans. However, he conceded that revising the Government’s fiscal projections by nine-figure sums within just two months - the key factor cited by Moody’s in placing the Bahamas on downgrade review - would “have spooked anyone”. As a result, Mr Sumner See PG B3

‘More reasonable’ to give new Govt time Fiscal revisions ‘would have spooked anyone’ Backs accrual accounting, growth solutions

Reformers move to prevent anti-graft ‘wiggle room’ Propose AntiCorruption Task Force’s creation PM, AG promise response to proposal initiative was designed to reinforce the Government’s election and Budget debate promises. ORG has teamed with Citizens for a Better Bahamas, Civil Society Bahamas and the Abaco Chamber of Commerce on the ACT initiative, a proposal for which See PG B5

URCA chair wants electronic banking to ‘fill the gap’ By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Utilities Regulation and Competition Authority’s (URCA) chairman yesterday said electronic banking services could “fill the gap” on Family Islands where commercial banks no longer have a physical presence. Randol Dorsett, who was speaking ahead of the official opening of the 17th Global Symposium for Regulators or GSR-17, said that establishing the necessary regulatory framework to support these products was

key to ensuring Bahamians are “not left behind”. He added that information and communications technology (ICT) was critical to the Bahamas’ “social and economic development”. Mr Dorsett said electronic banking services, and the need for more consumer inclusion, were among the topics already discussed at the conference. “We have heard the reports of banks moving from the Family Islands, with banks finding it more difficult to go in far flung areas, and so the hope is that See PG B5

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HOW TO SATISFY CLIENTS IN PURSUIT OF WELLNESS The famous saying that “Your life only gets better when you get better”, coined by Brian Tracey, might just sum up a Bahamian lady whose creative mind is a model of virtue, determination and simplicity. Persistence, purpose and hard work define Cheryl Michelle Beckford, who is the catalyst behind her own successful career path. A bubbly and talented young lady, she compels people to look at life differently, and promotes an industry that changes lives in a healthy way. We began our interview by asking:

Question: Who is Cheryl Michelle Beckford?

Answer: She is a woman with purpose, and is daily working on achieving her life’s dreams. A loving, strong, self-motivated mother with a kind heart.

How would people describe you?

People can easily describe me as one that brings excitement, and one that loves to laugh. I believe laughter is the best medicine for the soul.

Tell us about your career. How did you advance to where you are today?

I am an Ardyss distributor. My job is a very fulfilling one, as it permits me to help change and transform one’s

body from the inside out. I am able to advertise and utilise my skills to sell a product that reshapes, revives and offers a healthy lifestyle.

What made you decide to choose this business path? This industry not only encompasses distributing flyers, brochures and leaflets; it also affords me the opportunity to be very passionate about helping others, and assisting them in areas of their lives that require support towards a healthy life with weight loss.

What’s the single thing you enjoy most about this pursuit to happiness?

This pursuit to happiness

not only provides an opportunity to meet new customers each day but, most importantly, I find comfort in knowing that my talent can assist others towards a genuine path to a healthier life. This ability, I believe, is a breathtaking one. I am always excited to offer a platform designed to holistically proposition an individual or family who is seeking a healthy voyage.

How do you keep yourself stimulated?

I keep myself stimulated by staying focused on my divine purpose, which is to uplift, motivate, encourage and entertain. My words, deeds and, most of all, patience, have given me the crutches to overcome so many of life’s challenges.

What do you prepare extra to make your clients happy?

To make clients happy, I believe strongly in exceeding my customer’s expectations. Some simple tools are never neglecting to follow up and follow through and, most importantly, remembering that a warm, friendly smile is the master potion.

Are there any misconceptions about what you do?

One misconception of what I do is that most people don’t believe that this healthy process offers an ultimate change.

What are the three most important elements people should consider when considering this form of business?

cope with poorly-behaved ones by displaying a warm, gentle smile. This gesture defuses any discord. It also reassures customers that I understand their struggle, which usually brings peace and calmness to the atmosphere.

Is there any strength or weakness to your skill?

My actual strength is being able to encourage, motivate and bring a sense of hope to my clients or anyone that I come into contact with. My weakness is sometimes not being equipped with the necessary resources to complete my daily task, which occasionally impedes my desired goal. The best process in my career is observing the joy and satisfaction that my customers display after the experience of the products.

What do you consider the biggest challenge about your career?

Unfortunately, one of my major challenges is convincing my clients to adjust their mindset.

Where do you seek inspiration?

In addition to finding inspiration and comfort through God’s direction and the Bible, the many success stories of customers after the use of the product, and how they overcame is truly an added win for me.

Describe your typical day at work.

Three elements one should consider when considering this business are faith, family and thirst for a better lifestyle.

A typical day at work is the process of client recruiting. Normally, my focus is placed on three types of potential customers: People with health issues, pressure, diabetes and cancer; weight issues; and persons that seek financial freedom of debt.

Critical customers are always a challenge, but somehow I always manage to

This venture can be very beneficial to any community by helping save lives, which

How do you cope with criticism or poorly behaved customers?

How important is your quest for the overall community?

‘Nobody on gravy train’ despite 7.59% auto sales growth From pg B1 seven months out when sales are so erratic.” This sentiment was echoed by Mr Lowe, who told Tribune Business that orders were based on sales trends. He added that these were difficult to predict based on the industry’s year-to-date results, creating the danger that dealers could order too much or too little inventory with no time to adjust, based on the industry’s seven-month ordering cycle. “There’s no sort of trend that you can detect,” he told this newspaper. “I think the trends are a little unsettling. “I think that if you strip

THE TRIBUNE

away these fleet sales, we would be down in both quarters. If fleet sales were taken out, we would be down considerably.” Mr Lowe said a look at historical sales comparisons suggested that Bahamian new car sales have yet to recover almost a decade on from the 2008-2009 worldwide recession. In particular, 2017 second quarter sales were the lowest for four years. The 408 new vehicles sold in 2017 were exceeded by 462 sales in 2016, 500-plus in 2015 and the 677 units moved in 2014. Asked whether the 2017 first quarter and first half sales data indicated new care sales were on the road to recovery, Mr Lowe replied: “I personally don’t think so. I think the trend is the other way. It’s not a positive trend when you go back a few years. “In terms of recovery, we’ve got to see a rebound in the economy. I think that generally speaking the industry is in very, very tough

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promotes an overall healthier world. I am extremely satisfied when I hear success stories from my clients.

Finally, what advice can you give to persons considering following your career path?

My basic principles would be to advise anyone considering this profession to firstly always seek out joy in your craft. I think it is important for people to have some clear expectations, with a final thought of investing in a rewarding legacy for family and loved ones, especially when the return is not only priceless but, no doubt, endless. Until we meet again, fill your life with memories as opposed to regrets. Enjoy life and stay on top of your game. • NB: The columnist welcomes feedback at deedee21bastian@gmail.com ABOUT THE COLUMNIST: Deidre Marie Bastian is a professionally trained graphic designer/marketing co-ordinator with qualifications of M.Sc., B.Sc., A.Sc. She has trained at institutions such as: Miami Lakes Technical Centre, Success Training College, College of the Bahamas, Nova South Eastern University, Learning Tree International, Langevine International and Synergy Bahamas. straits. I don’t think anybody is on the gravy train these days. It’s indicative of the economy, generally speaking.” Mr Lowe added that fleet sales were not hugely profitable for Bahamian auto dealers, as gross margins were typically somewhere between 5-10 per cent on each unit. Bahamian auto sales are a ‘bellwether’ for the economy’s health, given that they are an expensive, luxury good that is sensitive to fluctuations in disposable income, consumer confidence and economic downturns. Mr Lowe said sales figures “raise a serious question as to the impact on government revenue”, pointing out that there is “a huge difference” between 65 per cent Excise Tax on a used car and the same levy on $15,000-$18,000 on a new car. Mr Albury, meanwhile, reiterated his complaint that the continued influx of older used cars was depressing new car sales. He added that vehicles were “being sold by roadside vendors who are not compliant with licensing and other tax requirements that legitimate retailers have to pay”, impacting both the environment and government revenue. “Hopefully now that the elections have been settled the country will see an economic rebound to help rebuild lost market share with a more definitive growth pattern,” the BMDA statement said.

THE TRIBUNE

Thursday, July 13, 2017, PAGE 3

Tourism partners to honour ‘Champions’ THE Bahamas Hotel and Tourism Association (BHTA) has again collaborated with Walden University to provide educational opportunities for its ‘Tourism Champions’. ‘Tourism Champions’ are nominated by their employers as someone who contributes positively to growth and development in their organisation and, by extension, the advancement of the tourism industry in the Bahamas. “We are very proud of all our Tourism Champions,” said Carlton Russell, BHTA president, “but especially those who seek to distinguish themselves to be Tru Tru Bahamian tour-

ism ambassadors, providing exemplary service and a commitment to delivering exceptional authentic hospitality experiences. “We are especially proud of Lamon, as he is steadily rising through the ranks and, with dedication and determination, I can see he will one day be holding a pivotal role in the industry.” Walden University is a global leader in studentcentred online education. They have partnered with the BHTA to recognise ‘Tourism Champions’ on a monthly basis at a luncheon hosted by the university, where fellow employees, peers, family and supervisory staff gather to listen to a Walden Faculty presenter

Chamber chief: Moody’s ‘a bit trigger happy’ over threatened downgrade From pg B1 and the Chamber are backing calls to shift the Government’s finances to an accrual-based accounting system, both as a means to “get a better handle” on its fiscal position and avoid the ‘blame game’ over which administration is responsible for incurring certain liabilities. “Having been in office less than three months, talk that there may be a further downgrade is, I think, being a bit trigger happy,” Mr Sumner said of the new government and Moody’s. “They [the Minnis administration] must be given some time to implement strategies and policies, and get buy-in from the private sector. Give the Government a chance to get its feet wet. The real work has yet to be started.” The Chamber chief executive argued that it would be “prudent and reasonable” for Moody’s to holdoff, and wait between six months to a year before assessing the effectiveness of the Minnis administration’s economic growth and turnaround strategy. Moody’s, having already placed the Bahamas under ‘downgrade review’, is unlikely to accede to this, although Mr Sumner indicated the Chamber will seek to persuade the rating agency when the two sides meet next week. The Chamber, in a formal statement on Moody’s action yesterday, said it was “imperative” that the Minnis administration lay out and execute “plans to arrest the deterioration in its fiscal performance and position”. It added that the Government also needed to regain trust and credibility in the accuracy of its Budget projections, given the huge swings between the revised 2017-2017 Budget forecasts and the former Christie administration’s projections of just two months earlier. This was immediately picked up by Moody’s, which said in its ‘downgrade review’ statement: “The new government now expects the deficit in fiscal 2017 to reach $500 million (5.5 per cent of GDP). “This contrasts with the PLP’s mid-year performance report, presented in March, which estimated a deficit of $350 million (3.8 per cent of GDP), and an

Share your news The Tribune wants to hear from people who are making news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and share your story.

estimated deficit of $100 million (1.1 per cent of GDP) in the original fiscal 2017 Budget.” The new government also revealed that the 2017-2018 deficit is projected to be $323 million - an almost $300 million increase from the $28 million in ‘red ink’ that was forecast by the Christie administration just 12 months before. The Chamber yesterday agreed that Moody’s had identified “the requirement for improved credibility in financial reporting, with recent data presented in the 2017-2018 Budget significantly differing from projections set out in the mid-year Budget exercise completed only two months prior”. It added that this could only be achieved through the Government adopting modern International Public Sector Accounting Standards (IPSAS) and, in particular, accrual-based accounting that would capture all liabilities and spending commitments even if they have not fallen due. The Chamber added that such reforms would also prevent the five-yearly ‘blame game’, where every newly-elected administration blames its predecessor for saddling it with unbudgeted spending commitments. Mr Sumner told Tribune Business that accrualbased accounting, which the Chamber “strongly recommends”, was likely to be part of the Inter-American Development Bank (IDB) funded project to overhaul public sector financial management. He explained that such accounting would enable Bahamians to “get a better handle not only on the position the Government is facing, but to get more consistent projections out of the Government”. “In a matter of a few months we saw very different projections put up

speak on a topic chosen by the respective ‘Tourism Champion’, and to hear about educational opportunities provided by Walden. Each Tourism Champion is awarded a $2,500 Walden University scholarship, and employees of BHTA member organisations are offered a 25 per cent discount on Walden University online courses. For the month of June, Lamon Rolle, a butler at Sandals Emerald Bay in Exuma, was recognised for his outstanding contributions to the tourism Industry. Jeremy Mutton, general manager, and Kressville Ritchie, manager at Sandals Emerald Bay in Great Exuma, were both present. by the current government compared to the previous government,” Mr Sumner said. “It’s a bit concerning, as the same system was involved in both Budgets. “The question is why there was such a disparity in the numbers when the same resources were used to build both Budgets. That would spook anyone. If you’re dealing with an institution such as the Government, to come out with a very divergent position on its financial status in such a short time - we’re not talking about a three-year period and a few million, but a a few months and hundreds of millions of dollars - that would spook anyone.” Mr Sumner also suggested that the Government would “get better returns on its investment” by focusing a greater share of its capital expenditure towards workforce development, equipping young Bahamians with the necessary skills to become productive workers or even entrepreneurs. He and the Chamber also agreed that higher GDP growth rates were the most critical element for resolving the Bahamas’ double digit unemployment and fiscal crisis, combined with spending controls. “The [Chamber] holds the position that such plans must focus on tax reforms, including the improved effectiveness of tax collection, and expenditure reform,” the Chamber statement said. “Further, the most important component of fiscal consolidation plans must be the growth of the economy. “Economic expansion is the rising tide that can float all boats, as it will contribute to increased employment and higher salaries and wages; increased revenues for the Government, without increasing the effective tax rate imposed on businesses and citizens; reduced fiscal deficits and debt accumulation, provided expenditure is controlled; and the necessary resources to provide appropriate social benefits and implement programmes to address the social ills impacting progress in the country.”

FROM L to R: Kressville Ritchie, hotel manager; Charlotte Knowles-Thompson, BHTA; Lamon Rolle, tourism champion; Jeremy Mutton, general manager; and Kaydian Boothe-Matthews, Walden University.

PAGE 4, Thursday, July 13, 2017

Insurers demand political ‘maturity’ over junk threat From pg B1 “We obviously need to give the administration a chance to plot out its future plans, but whatever was said now has to be balanced by a proactive statement about the way forward, so that local and international concerns have an opportunity to weigh - and balance - those statements with the statements that were made so far.” Mr Ward’s comments indicate that, having spooked Moody’s and others by laying out the full extent of the Bahamas’ fiscal woes during the 2017-2018 Budget debate, the Government now needs to produce a comprehensive strategy for resolving these problems. Mr Saunders, meanwhile, said the Bahamas’ sovereign creditworthiness was one factor that lay outside the control of locally-rated insurance companies. Responding to the

Moody’s threat, he told Tribune Business: “That is going to be a devastating situation if it happens, not only for RoyalStar but all the rated companies in the Bahamas. “We are all in the same boat, and I hope we get cooler heads to prevail, the rhetoric on both sides calms down, and we get back to fixing the economic situation of the Bahamas so that these threats go away as soon as possible.” Mr Saunders pointedly called for the political ‘finger pointing’ between PLP and FNM, over who was to blame for Moody’s action, to cease and instead focus on crafting a ‘rescue plan’ for the economy and government finances. “Start being mature,” he urged. “This country is 44 years-old, and we need to be more mature. Start doing what’s best for the Bahamian people; stop bickering about the past and look

THE TRIBUNE to the future, and whoever did wrong the law will deal with it. “It’s time to get mature; it’s time for the country to get mature. If we don’t get mature, when the hell are we going to get mature? That would be my advice to all politicians and businessmen.” The Minnis administration has blamed its $722 million borrowing needs, and the $500 million deficit for 2016-2017, on the actions of its predecessor, whom it has accused of reckless and irresponsible spending. While the Government is blaming the former Christie administration’s ‘concealment’ of the Bahamas’ true fiscal woes for Moody’s move, the Opposition is countering that its ‘alarmist’ Budget statements and dramatically revised fiscal forecasts are chiefly responsible. Mr Saunders, though, said the extent of the Bahamas’ problems demanded an end to political tribalism. “It’s been far too long for any party to come to

power and only rely on half the brains in the country,” he told Tribune Business. “Something has to give some time. But whoever broke the law ought to be charged and dealt with according to the law of the Bahamas.” That is a likely reference to the various allegations of wrongdoing made against the former Christie administration by the current government during the 20172018 Budget. Describing the Moody’s downgrade as “another wake-up call”, Mr Saunders added: “We can’t be asleep forever. We have to wakeup. We can’t have teachable moments and it’s not taught. “Yes, I am concerned about RoyalStar, but I’m more concerned about the

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country. We’re all floating in the same boat, so we have to get real.” Mr Ward said that whenever the Bahamas’ long and medium-term economic prospects were impacted by uncertainty and negative developments, such as the Moody’s review, companies operating in it were “likely to be caught up” in those developments. The Bahamas First chief emphasised that a sovereign downgrade to ‘junk’ status would “not automatically” affect the ratings of local companies, “but it does make it difficult to go through the process and maintain existing ratings if the country is continually being downgraded and put on negative watch. “It doesn’t automatically flow, but it does certainly

create the environment where potential downgrades might occur simply because the country conditions are such that it puts the company in a position where they are fighting country challenges.” The Nassau Airport Development Company’s (NAD) credit rating was downgraded by Fitch as a result of the Bahamas’ sovereign creditworthiness being cut to ‘junk’ by Standard & Poor’s in December 2016, illustrating the concerns of Mr Ward and other rated insurers. The Bahamas First chief said geographical diversification, and mitigating country risk, was one reason why the property and casualty insurer had expanded to the Cayman Islands via acquisition.

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URCA chair wants electronic banking to ‘fill the gap’ From pg B1

digital financial services will be able to fill the gap,” he said. The Central Bank has been taking steps to license non-bank electronic payments solutions providers, as it bids to cause “a significant shift” from Bahamians’ reliance on cash. The regulator is looking towards electronic banking solutions, such as the Internet and mobile apps, to fill the void left by the loss of all commercial bank branches on islands such as Bimini and Spanish Wells. Back in May, the Central Bank yesterday made good on its pledge to introduce electronic payments regulation by mid-year 2017, unveiling a short one-month consultation on the proposed supervisory framework. The Payment Instruments (Oversight) Regulations 2017 are the first step towards licensing non-bank providers via a formal supervisory framework, bringing them under the Central Bank’s oversight. Mr Dorsett said the discussions at the GSR-17 conference were needed to develop a policy framework that will advance electronic banking services, ensuring “our citizens are not left behind”. He added that cyber security “goes hand in hand with the development of digital financial solutions because we want to encourage people to have trust and confidence in the digital financial solutions.”

Thursday, July 13, 2017, PAGE 5

Corruption ‘so ingrained it is national status quo’ From pg B1 was sent to the Prime Minister and Attorney General within the last few days. Mr Aubry said that while the Police Force’s anticorruption unit, and talk of more powers for the director of public prosecutions, were positive developments, ORG and the other groups wanted to ensure the Minnis administration followed through with anticorruption legislation when the House of Assembly resumed in September. “These are good, key things,” he told Tribune Business of developments to-date. “The devil is in the detail. We want to ensure every step is taken, every

proviso accounted for, so there’s no wiggle room. “It’s [corruption] holding us back economically, and our social and educational development. We need to fight through this, but as part of that fight we hope the Government embraces this, works collaboratively with us, and we have a strong effort going forward.” Explaining the rationale for the proposed ACT, ORG and its partners said: “Accountable and responsible governance is the foundation for a strong democracy and more prosperous future for all. “Over subsequent administrations, the Bahamas has lapsed into a culture

of complacency regarding corruption and cronyism. The level of corruption has become so ingrained in government operations that it is widely recognised - locally and internationally - as status quo in the Bahamas. “To reverse this trend, civil society, private industry, government and media must collaborate to create dialogue, develop insights and generate positive and sustainable solutions to change.” ORG and its partners added that the ACT would help create the “new environment and culture of public service transparency and accountability” promised by the Minnis administration. “Although the Bahamas signed an anti-corruption treaty with the Organisa-

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tion of American States 19 years ago, this has largely failed to address and enforce related laws,” their statement added. The ACT would feature members from the civil service, private sector, civil society and academia, with the goal of educating Bahamians and monitoring progress towards the elimination of corruption within the Government and wider society. Mr Aubry said the organisation would also decide anti-corruption priorities, and benchmark progress against international standards and best practices. It would also compile data and make recommendations to the Government; propose new legislation and amendments to existing anti-corruption laws; and set out codes of conduct; and structure and oversee an anti-corruption agency. Mr Aubry said ORG and its partner organisations

did not want to leave the anti-corruption fight solely to government, adding: “We want to make sure this administration doesn’t miss the expectation.” He said the ACT would also concentrate on ensuring “a commitment to transparency in the public service is brought forward, and accountability and enforcement happen in the way it should”. Describing progress todate, Mr Aubry added: “We’ve had some initial discussions with the Deputy Prime Minister, Marvin Dames, Brent Symonette and Elsworth Johnson, minister of state for legal affairs. “All have been tentatively positive. Nobody has said no. We did put the proposal to the Prime Minister and Attorney General a couple of days ago, and they said they’d get back to us.”

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APPLE TO OPEN DATA CENTRE IN CHINA WITH GOVERNMENT TIES

By MICHAEL LIEDTKE Associated Press SAN FRANCISCO (AP) — Apple will open a data center in mainland China with ties to the country’s government, raising concerns about the security of iCloud accounts that store personal information transferred from iPhones, iPads and Mac computers there. The data center announced Wednesday will be located in the Guizhou province and run by a company owned by the Chinese government. Apple is teaming up with the company, Guizhou on the Cloud Big Data, to comply with a new Chinese law requiring data-storage providers to keep the information of mainland China customers on computers located within the country. The Guizhou data center

THE TRIBUNE will store photos, video, documents and other personal information uploaded to iCloud accounts by Apple customers who live in mainland China, even when they’re traveling outside the country. Backups and other data stored in iCloud accounts by customers outside China will continue to be stored in data centers in the U.S. and eventually Denmark. Other major technology companies, including Amazon, Microsoft, and IBM, have already made similar deals to run data centers in mainland China to remain in the good graces of the country’s Communist government. But Apple’s acquiescence is striking because CEO Tim Cook has made preserving customers’ privacy a company cornerstone. The Cupertino, California, company underscored that

commitment last year in a high-profile battle with the U.S. government over a legal demand to crack open the iPhone of a suspected killer in a mass shooting. Apple has a strong incentive to toe the line in China because that country already is its third-largest market behind North America and Europe, with all signs pointing to it become an even bigger profit center. China currently accounts for about 20 percent of Apple’s revenue. Even though it’s working with a government-owned company, Apple sought to reassure customers in China that the arrangement won’t compromise their privacy. “As our customers know, Apple has strong data privacy and security protections in place and no backdoors will be created into any of our sys-

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Assist with any investigations involving guests and employees, prepare accurate reports and follow up action plans. Ensure that any criminal activity does not hamper the smooth functioning of the hotel. Assist with and ensure the accuracy of all industrial accident reports. Take the lead on all incidents and emergencies. Assist with the monitoring of camera system and scheduled patrolling of grounds. Assist with the smooth and efficient running of the organization.

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Two or more years in the security or military (RBDF & RBPF) field. Excellent leadership and communication skills. The ability and interpersonal skills to relate with internal and external customers. Ability to work as part of a team, as well as independently. Must be computer literate with strong administrative skills.

Competitive salary and benefits package are commensurate with experience. Interested persons should submit their resumes via e-mail to:

recruitment.humanresources@outlook.com

tems,” the company said in a statement. What’s more, Apple says it will hold to the security keys protecting the data that people routinely back up in iCloud accounts. But experts believe the data center will make it easier for the government to retrieve the information through legal demands or other means. Apple will find it more challenging to resist any order from a Chinese court to give authorities there access to an iCloud account that they want to sift through, predicted Nate Cardozo, a senior staff attorney specializing in privacy for the Electronic Frontier Foundation, a digital rights group. Currently, the Chinese government has to funnel those demands through the U.S. court system, a more difficult process to negotiate. Cardozo recommends that Apple customers in mainland customer turn off the iCloud feature on their iPhones and other devices to protect their information from prying eyes. Data stored on the devices themselves should remain secure as long as they lock them with passwords that only the user knows. Even if the government seizes a device, Apple won’t have the keys to unlock data. But with iCloud, Apple does have the keys. The exception is passwords and credit card data synced with iCloud Keychain. Ajay Arora, CEO of data security specialist Vera, also warns that Apple’s partnership with a company owned by the Chinese government increases the chances that authorities could secretly pry their way into iCloud accounts. “It’s like Apple is putting the fox in charge of the henhouse,” Arora said.

TO ADVERTISE TODAY IN THE TRIBUNE CALL @ 502-2394

THE TRIBUNE

Thursday, July 13, 2017, PAGE 7

TRUMP SAYS HE’LL BE ‘ANGRY’ IF SENATE HEALTH CARE BILL FLOPS By ALAN FRAM Associated Press WASHINGTON (AP) — President Donald Trump said Wednesday he will be “very angry” if the Senate fails to pass a revamped Republican health care bill and said Majority Leader Mitch McConnell must “pull it off,” intensifying pressure on party leaders laboring to win over unhappy GOP senators and preserve the teetering measure. Trump’s remarks came a day before McConnell, R-Ky., planned to release his revised legislation to a closed-door meeting of GOP senators. The new legislation would keep most of the initial Medicaid cuts and makes other changes aimed at nailing down support, but internal GOP disputes lingered that were threatening to sink it. With all Democrats set to vote no, McConnell was moving toward a do-or-die roll call next week on beginning debate, a motion that will require backing from 50 of the 52 GOP senators. Conservative Sen. Rand Paul, R-Ky., said Wednesday he would oppose the motion and moderate Republican Susan Collins of Maine seemed all but sure to do the same — leaving McConnell with zero margin for error to sustain his party’s goal of toppling President Barack Obama’s health care law. Several other GOP senators were holdouts as well, leaving McConnell and his lieutenants just days to win them over or face a major defeat. In a White House interview conducted Wednesday for the Christian Broadcasting Network’s “The 700 Club,” Trump said it was time for action by congressional Republicans who cast scores of votes “that didn’t mean anything” to repeal the 2010 law while Obama was still president. “Well, I don’t even want to talk about it because I think it would be very bad,” he said when network founder Pat Robertson

asked what would happen if the effort fails. “I will be very angry about it and a lot of people will be very upset.” Asked if McConnell would succeed, Trump said, “Mitch has to pull it off.” Trump has played a limited role in cajoling GOP sen-

ators to back the legislation. Asked Wednesday about the president’s involvement, White House spokeswoman Sarah Huckabee Sanders told reporters the White House was providing “technical assistance.” McConnell’s new bill was expected to offer only mod-

est departures from the original version. Its key elements remain easing Obama’s requirements that insurers cover specified services like hospital care and cutting the Medicaid health care program for the poor, disabled and nursing home patients.

Obama’s penalties on people who don’t buy coverage would be eliminated and federal health care subsidies would be less generous. The new package would eliminate tax increases the statute imposed on the health care industry. But it would retain Obama tax

boosts on upper-income people, and use the revenue to help some lower earners afford coverage, provide $45 billion to help states combat drug abuse and give extra money to some hospitals in states that didn’t use Obama’s law to expand Medicaid.

CHEF

HOUSEKEEPER COUPLE

8 Room/Cottage Family Island hotel requires first chef to replace retiring chef and housekeeper wife team HOUSE Freedom Caucus Chairman Rep. Mark Meadows, R-N.C., second from left, and others, participates in a news conference on Capitol Hill in Washington, Wednesday, July 12, 2017, to say that his group wants to delay the traditional August recess until work is accomplished on health care, the debt ceiling and tax reform. (AP Photo/J. Scott Applewhite)

Legal Notice NOTICE AZINCOURT TTBLT FUND LTD.(the “Fund”) NOTICE IS HEREBY GIVEN as follows: (a) AZINCOURT TTBLT FUND LTD. is in dissolution under the provisions of the International Business Companies Act, 2000. (b) The dissolution of the said Fund commenced on the 11th day of July, 2017 when its Articles of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said Fund is Joël Johnson of Cassiopea Management S. A. Ruta 8 Kilometro, Building Synergia 3, Office 02, Montevideo, Uruguay. Joël Johnson Liquidator

- Must be fully converse with American/European/Bahamian cuisine. - Be capable of managing a 30 cover restaurant - Serving breakfast, Lunch and Dinner six days per week,11 months seasonal contract - Accommodations supplied on site - Must be comfortable to work closely with hands on owner - Full CV with police record and three character references to: daddeechef@gmail.com ALL IN STRICTEST OF CONFIDENCE

PAGE 10, Thursday, July 13, 2017

THE TRIBUNE

The Medical Act 2014

The Medical Act 2014 and the Regulations connected therewith, established the Continuance of the Bahamas Medical Council, A General Medical Register and established a Specialist Register.

ii.

The Bahamas Medical Council (BMC) is a body corporate that 1)

Registers and License persons who satisfy the requirements under the Medical Act 2014. Regulate the standard of Medical Practice. Prescribe codes of ethics and conduct for the guidance of Medical Practitioners. Have such powers that are necessary to perform all of its functions under the Act.

2) 3) 4)

General Medical Register A person is qualified to be registered and licensed to practice Medicine and Surgery as a General Medical Practitioner and whose name would appear on the General Medical Register if: a) He holds a Medical Degree, Certificate or other form of qualifications granted by a University, College or other Institute of learning recognized by the Council. b) Satisfy the council that:

iii. iv.

He has successfully completed the required period of internship in a hospital or medical institutions approval by the Council. He has completed two years of supervised rotational medical practice or has special training, experience and qualifications approved by the council. He can read, write speak and understand the English Language. He is a fit and proper person to practice medicine in the Bahamas.

Specialist Register 1)

2) a) b)

A Medical Practitioner shall be eligible to be registered and licensed as a specialist in the Specialist Register, where the Medical Practitioner satisfies the Council that he has completed the required tuition and training in a specialty and has obtained the relevant qualifications from an institution or body recognized by the council and relating to a specialty specified in the Third Schedule. A Medical Practitioner who is not registered as a specialist and who: Engages in the practice of Medicine as a Specialist or Represents that he is entitled to engage in the practice of Medicine as a specialist shall be guilty of Professional Misconduct.

For further information please refer to The Medical Act 2014, The Medical Regulations 2014 both of which are available on the Council’s Website at www.bahamasmedicalcouncil.org.

GENERAL MEDICAL REGISTER The following is a list of physicians registered under Section 15 and licenced under Section 29(1)(a) of the Medical Act, 2014 for the period ending 31st December, 2017.

Registration # Name

General Practitioner

1541 1569 86 1171 1670 964 735 1511 2 1751 1503 1262 719 839 1019 1101 1766 1010 1571 23 927 1628 1485 1231 1646 875 454 922 858 1573 629 1574 929 872 1676 760 1187 285 1326 1324 737 932 933 1480 1505 81 1576 94 1656 934 1355 501 1649 812 1346 1763 786 1263 946 1409 1254 1093 1483 1378 59 569 1528 64 1484 888 166 1479 1338 1069 355 301 1229 1337 1631 469 1638 1684 951 1443 743 357 1388 1336 1380

General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner

ADDERLEY, Etenesh ADDERLEY, James AGEEB, Gloria Edith AKAZIE, Ndubuisi ALBURY, Justin ARCHER, Ian T. ARMBRISTER, Phyllis Marie BABOOLAL-JOHNSON, Rhea BACCHUS, Nizamuddin BAIN, Darius BAIN, Deanna BARTLETT, Josephine BASDEN, Christopher Justin BETHEL, Carla BETHEL, Kevin Paul BETHEL, Kimberley Alean Marie BETHEL, Tina BINARD, Marc BODIE, Charmaine T. BOLISAY, Iluminada G.** BONIMY, Ingrid Marisa BOWE, Dedrick BOWE, Saida BRAYNEN, Margo A. BROOKS, Hesford BROWN, Martin BROWN, Rolston Eric BUTLER, Sharmaine M. CAMPBELL, Susana B.C. CADRON, Burnell CAREY, Gregory CARGILL Jr., Adrian CARGILL, Tyneil CARROL, Rolando CARROL, Tamal CARTER, John CARTWRIGHT, Marissa CHANEY-GAY, Carol Ann CHARITE, George CLARE- KLEINBUSSINK, Rokeisha CLARKE Charles CLARKE, Christopher CLEARE, Charles COLLIE, Kelafo COOPER, Bradia CULMER, Kirtland Rudolph** CULMER, Leonardo CULMER, Leslie Walpole DAMALLIE-JONES, Indira DARVILLE, Michael DAVIS-MOXEY, Cherita DAVIS-DORSETT, Janet DAVIS, Riccardo DAVIS, Rickey Ricardo DEAN, Adrian DEVEAUX, Gerad DONALDSON, Darren DORSETT_PHILLIPE, Calae DORSETT-Rolle, Cindy DORSETT, Juliette DOWNS, Edward ENE, Inyang FERGUSON-CHARLTON, Chimone FERGUSON, Sherelle FORTE-HANNA, Patricia Dorothy FOX, Nicholas GALLAGHER, Dawn GERASSIMOS, Michael Murray GILBERT, Nadia GONZALEZ- DONALDSON, Teresa GRAY, Charles Eugene GRIFFIN-JONES, Yolanda GRIMES, Valron GRIMES, Valya GUTAM, Mani HADDOX, Linelle ** HALL, Dana Laurentiis HALL, Judith HALL-DENNIS, Nikechia HAMILTON, Roland HANNA, Tonette HUMES-RAHMING, Netisha IGNACIO, Leo IJEOMA, Nneka ISAAC, Laurette JAGADEESH, Channarayapatna JOHNSON-BROWN, Marcia JOHNSON, Byron JOHNSON, Hasting Washington

Registration # Name 1512 1293 443 808 1028 1584 13 585 1715 28 973 1322 55 993 942 536 1374 1688 1294 1587 994 1292 746 363 747 1027 1381 1275 1055 1170 1263 1633 1017 1007 1058 1242 374 1288 1132 1217 1516 1352 1156 1356 1384 1195 1779 537 1517 302 996 671 380 1657 997 1520 1591 1592 1327 1414 1518 750 1642 1095 1354 1185 1014 1021 1358 1449 1652 1186 1000 1523 528 228 1329 563 832 841 1330 1451 1453 1064 1387

General Practitioner

General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner General Practitioner with special interest in Obstetrics General Practitioner SIMMONS, Kevin General Practitioner SMITH-Laing, Patrice P. General Practitioner STUART-SMITH, Chandra General Practitioner SMITH, Eugene General Practitioner SMITH, Jamal General Practitioner SMITH, Sophia General Practitioner SMITH, Thomas General Practitioner STORR, Latoya General Practitioner STRACHAN, Cyprian Alexander General Practitioner STRACHAN, Danielle General Practitioner STUART-RAMTULLA, Abigail Aretha General Practitioner STUBBS, Lloyd General Practitioner SWANN, Phillip M. General Practitioner SWARNA, Ravindranath General Practitioner SWARNA, Shirin General Practitioner SY-CHEA, Betty General Practitioner TAYLOR, Vantario General Practitioner THEOPHILUS, Eneia General Practitioner THOMPSON-MAJOR, Karis A THOMPSON-BRAHAM, Bernadette M. General Practitioner General Practitioner THURSTON-DORSETT, Dionne General Practitioner TYNES, Brian Vincent General Practitioner VAN TOOREN, Richard General Practitioner WILDGOOSE, Charles Edward General Practitioner WILSON, Ronald General Practitioner WILLIAMS, Drexel Paul General Practitioner WILLIAMS, Rochelle M.Y. General Practitioner WILLIAMS, Timothy General Practitioner WILLIAMSON, Deneil General Practitioner WILLIAMSON-MCPHEE, Nevillene General Practitioner WOODS- ISAACS, Dellareece General Practitioner WOODS-THOMPSON, Delecia

JOHNSON, Valencia JOSEY-DAMES, Kendra KAVALA, Mallikharjuna Rao KELLY, Ian KEMP, Clinton Franklyn KERR, Sergio KISHORE, Adelina* KSHATRIYA, Gopal LIGHTBOURNE, Arlington LINCOLN, Fiona** LOCKHART, Renee MARSHALL-WILSON, Elsa Denise McCARROLL, Leonard** McKINNEY, Kevin McMILLAN, Pearl Denette McPhee, Evaneth McPHEE, Vernard Sinastro MILLAR, Mucumba MILLER, Keir I. MINNIS, Akin A. MINNIS, Shantel MORGAN, Norad R. MOXEY, Mercianna Albertha MOXEY, Mortimer George MUSGROVE, Kayla Heather NEELY-BARTLETT, Jillian Lesleyann NEELY, John NESBITT, Wilhelmina O’BRIEN, David Krishna OHUEYI, Augustine PHILLIPE, Calae PIERRE, John PINDER, Andrew PINDER, Gay Francine PRATT, Dorothea Philippa PRATT, Tanya Arlene RAJABABU, Sirra RAMNARINE- KNOWLES, Richelle RICHARDSON, Candise ROBERTS-Carter, Rhonda Janice ROBINSON, Denielle RODRIQUEZ, Mauo ROLLE, Adrian ROLLE, Antoinette ROLLE, Leviticus ROLLE, Steven ROPER, Robert SANDS, Larry SAUNDERS, Franklyn SAWYER, Neil SEARS, Racquel SHARMA, Rudra SIMMONS, Horizal Alexander

*inactive **honorary

THE TRIBUNE

Thursday, July 13, 2017, PAGE 11

SPECIALIST MEDICAL REGISTER The following is a list of physicians registered under Section 26(4) and licenced under Section 29(1)(a) of the Medical Act, 2014 for the period ending 31st December, 2017.

Registration # Name

Specialty

Registration # Name

S1120 S1287 S1189

ABLACK, Omala Ann ADDERLEY- SANDS, Daphne ADDERLEY, Nicole

S1268 S2156 S304 S1531 S1009 S1774 S1624 S1966 S918 S1880 S423 S238 S549 S924 S342 S3 S1341 S236 S321 S1172 S1618 S1641

ALBURY-HARRIS, Kirsten ALLEN, Christian ALLEN, David ALLICK, Alphaeus M. ANTONIO-COLLIE, Sheena AQUINO, Majorie ARCHER, Denotrah ARQUERO, Joel ASH, Duranda Mae BANSAL, Aashish BARNETT, David BARRETT, Timothy Edward BARTLETT, Frank BASSETT, Marcia Anne BENJAMIN-PEET, Evet BETHEL, Cecil** BETHEL, Tanya BETHEL-ETUK, Pamela Francine BLOOMFIELD, Homer BODHA, Srinivasa BODIE, Shamanique S. BONIMY, Charlyon

S573 S482 S1235 S2155 S1129 S1891 S1781 S1582 S413

S863 S825 S296 S1419

BOWE, Dane BRAHAM, Richard BRATHWAITE, Alfred** BRENNEN, Delon

S1286

BRIDGEWATER, Kiko

S1412 S427 S1285 S657 S840 S662 S1283 S513

BRIDGEWATER, Richard BROWN, Conville Samuel BROWN-CLARKE, Rashida BRUNEY, George Fidelis BULLARD, Chinyene BURNETT-GARRAWAY, Caroline BURROWS, Paulus BUTLER, Raleigh I.

S346 S644 S417 S550 S1667 S1438 S1051

CAMPBELL, Winston McFarlane CAREY, Anthony CAREY, Reginald Kenneth CARGILL, Patrick Livingstone CARROLL, Pamela CARROLL, Shakera CARTER, Floyd

S1067 S1216 S930 S931 S545 S570 S1458 S1345 S168 S909

CARTWRIGHT-MUNNINGS, Tecora CATES, Charles Graham CHAMBERS, Carlton CHARLES, Lorne Howard CHEA, Williamson CHIN-CHEA, Christine CHISOLM, Terlika CHRISTIE, Kirk Christopher CLARKE, Nelson Alexander COLEMAN, Henry Joseph

S1351 S1026 S1505 S988

COMBIE, Eugenia A. CONLIFFE, Catherine COOPER, Bradia COOPER, Eugene Marcus

S1949 S192 S872 S1274

COOPER, Melanie CONSTANTAKIS, James Alexander CORRALL, Rolando CURLING, Duvaughn Ellis

S1110 S1278 S1177 S2145 S145 S1488 S1577 S1677 S347 S1302 S1343 S867 S601 S895 S911 S628 S1579 S349 S1347 S908 S1178 S141 S802 S1440 S1279 S1360 S893 S978 S456 S532 S389 S1621 S1053 S921

CURTIS, Brendon CURTIS-DOWNES, Desdemona DAMES, Dionne Natasha DARLING, Robert DARVILLE, Christina Elizabeth DARVILLE, Michael N. DARVILLE, Phyllis DAVIS-SIMMONS, Ariane DAVIS, Austin Willard DAVIS, Pavia DAVIS-HALL, Raquel DE CASTRO-MACKEY, Graciela DE-DINESH, Chandra DE SOUZA, Pablo Jose DEAN, Juli M. DEMERITTE, Edwin Leslie DEVEAUX, Don DIGGISS, Charles William DILLET, John B. DONOHUE- DE SOUZA, Kathryn DORSETTE-WILLIAMS, Alexya DORSETT, Rudolph** DORSETT-HANNA, Ruth DORSETT-JOHNSON, Tiadra DOWNES, Ross DUPUCH, Laura Zoe DUPUCH, Leon Henry EKEDEDE, Magnus O. ENEAS-CAREY, Agreta ENEAS, Judson EVANS, Joseph Immanuel FARRINGTON, Leander FARQUHARSON, Carnille Patrice FARQUHARSON, Delton

S1441 S1482 S589 S1011 S865 S1232

FERGUSON-SAUNDERS, Deshawn FERGUSON-PARKER, Sonali FERGUSON, Theodore FERGUSON, Wilfred FITZ-CHARLES, Colleen M. FORBES, Nikkiah

S1107 S1212 S1065 S1239 S990

FORBES, Winston Fitzgerald FRANCIS, Bimal FRANCIS, Maria FRANCIS-PHILLIPS, Dorita O. FRANCIS, Wesley

S1477 S1078 S1103 S172 S1612 S1625 S1109 S462 S878

GAITOR, Bonji GARIKAPARTHI, Srikanth GASPAR, Ricardo GIBSON, Walter Marlowe GIRGIS, Nevein GOMEZ, Chrispin GRAHAM, Nina GRAMMATICO, Dino GRANT-TAYLOR, Ilsa Camille

S1280 S1179 S1339 S1825 S1054 S976

GRAY, Kamala GRAY, Sharmaine R. GREENE, Rana Agatha GREENAN, Timothy GRIFFITH-BOWE, Andrea GRIMES, Valentine Sebastian

S850 S531 S1131

GUERRERO, Antonio HALL-WATSON, Mildred HALLIDAY, Darron

S894 S540

HANNA, Alvery HANNA, Cherilyn Patrice

Internal Medicine Psychiatry Family Medicine with Special Interest in Dermatology and Skin Surgery Internal Medicine Neurosurgery Psychiatry Emergency Medicine Internal Medicine Radiology Family Medicine Radiology Ophthalmology Radiology Orthopaedics Psychiatry Paediatrics/ Internal Medicine Paediatrics Paediatrics Internal Medicine Radiology Internal Medicine Obstetrics and Gynaecology Psychiatry Obstetrics and Gynaecology Internal Medicine and Infectious Diseases Orthopaedic Surgery Obstetrics and Gynaecology Pathology Paediatrics/Paediatric Emergency Medicine Pathology/ Anatomical Pathology Obstetrics and Gynaecology Internal Medicine/ Cardiology Psychiatry Pathology Family Medicine Emergency Medicine Psychiatry Obstetrics and Gynaecology / Gynaecology Oncology Otorhinolaryngology Obstetrics and Gynaecology Obstetrics and Gynaecology Internal Medicine/ Cardiology Obstetrics and Gynaecology Family Medicine Internal Medicine/ Gastroenterology Paediatrics Family Medicine Orthopaedic Surgery Obstetrics and Gynaecology General Surgery Internal Medicine Paediatrics Psychiatry Psychiatry Cardio, Thoracic and Vascular Surgery Psychiatry Family Medicine Family Medicine Internal Medicine/ Gastroenterology Family Medicine Internal Medicine General Surgery Internal Medicine and Oncology General Surgery Psychiatry Internal Medicine Primary and Emergency Care Radiology Internal Medicine Family Medicine Internal Medicine Obstetrics and Gynaecology Emergency Medicine Emergency Medicine Anaesthetics Radiology Anaesthetics Ophthalmology Paediatrics / Child Neurology Internal Medicine/Nephrology General Surgery Psychiatry Physical Medicine Family Medicine Internal Medicine Paediatrics Family Medicine General Surgery Obstetrics and Gynaecology Obstetrics and Gynaecology Neurological Surgery Family Medicine Internal Medicine & Nephrology Urology Family Medicine Family Medicine General Surgery & Vascular Surgery Paediatrics Psychiatry Thoracic Surgery Paediatrics Plastic Surgery Internal Medicine and Infectious Diseases Internal Medicine/ Cardiology Internal Medicine/ Cardiology Internal Medicine/ Paediatrics Obstetrics and Gynaecology General Surgery/ Surgical Oncology Family Medicine General Surgery/Plastic Surgery Anaesthetics Otorhinolaryngology Medical Oncology Family Medicine Obstetrics and Gynaecology Pathology Internal Medicine/ Nephrology Family Medicine Family Medicine Ophthalmology Radiology Obstetrics and Gynaecology Orthopaedics/Orthopaedic Surgery Ophthalmology Obstetrics and Gynaecology Obstetrics and Gynaecology/ Gynaecologic Oncology Emergency Medicine Internal Medicine/ Paediatrics

S1281 S639 S586

HENNIS, Paul Joseph Andrew HEPBURN, Nicholas HIGGINS, Jonathan HIGGINS, Mikhal HOLDER, Gertrude HOLLANDER, Charles HOMBAL, Amaresh HUMES, Terrel HUNT, Paul Barrington

Paediatrics/ Paediatric Cardiology General Surgery General Surgery Diagnostic Radiology Family Medicine Internal Medicine Radiology General Surgery Paediatrics, Allergy and Immunology HUNT-BURROWS, Darbrielle Internal Medicine IFERENTA, James Ikem Patrick Emergency Medicine and Wound Care MARSHALL-INGRAHAM, Rosetta Family Medicine with Special Interest in Dermatology and Skin Surgery INGRAHAM-WELLS, Valeria Paediatrics ITZA-MAJOR, Elvira Radiology JOHNSON, Charles Daniel General Surgery/ Otorhinolaryngol-

S1228 S718 S405 ogy S523 S326 S1282

JOHNSON, James JOHNSON, John JOHNSON, Ormanda

S150 S1611 S1196 S68 S765 S123 S1444 S1145 S1265 S923 S905 S524 S335 S830 S1295 S15 S525 S592 S1635 S667 S233 S535 S539 S791 S1941 S1180 S1820 S298 S1296 S854 S514 S1335 S1534 S582 S1394 S818 S510 S411 S790 S1334 S702 S365 S1018 S1271 S597 S212 S919 S1526

JOHNSON, Shaneeta KELLINI, Osama KNOWLES, Gaye KNOWLES, Kenneth** KNOWLES, Ronald George KNOWLES, Ronald Lockwood KNOWLES, Shantalasha KONDAPURAM, Dharmaveer KUNZ, Angela LAVILLE, Estelle Joanna LEON, Frumentus LIGHTBOURNE, Jerome Warren LOCHAN, Steve R. LOCKHART, Halton Freeman LOCKHART, Charelle LUNN, John LYONS, Allan Vincent MACKAY, Flora MAJOR, Don MAJOR, Godfrey Wilshere* McCARTNEY, Barrett Arthur McCARTNEY, James Roosevelt MCDEIGAN, Gwendolyn McDOWELL, Ian Murray McGOWAN, Thomas McINTOSH, Latesha McKINNON, Brian McNEIL, Percival Bertram MENDES-ROLLE, Ayana MIKHAEL, Samir B. R. MINNIS, Hurbert A.* MINUS-GRIMES, Indira MONCUR, Leander MOSS, Kevin M MOXEY, Beverton Rodino MUNNINGS, Clyde Anson MUNNINGS Jr., Harold Alexander MUNROE, Locksley Uriah MUNROE, Margo NAIRN, Cordelia NEIL, Gregory Christopher NEVILLE, Michael NEYMOUR, Reginald Demetrius NWOSA, Nkemdilin NWOSA, Vincent Isioma ORLANDER, Herbert Errington OSAZUWA, Charles Erhahon PARKER-CURLING, Kristine

S1382 ogy S2157 S966 S944 S636 S621 S815 S1290 S795 S1784 S703 S1554

PARKER, Kwabna Neil

S78 S649 S1182 S1183 S1416 S31 S256 S334 S984 S1192 S309 S1289 S1277 S1713 S1383 S1563 S1184 S2036 S1139 S1006 S813 S116 S80 S1446 S1348 S1603 S428 S1008 S509 S2064 S1403 S1447 S2037 S1655 S376 S1666 S1015 S314 S1325 S693 S1794 S1776 S1197 S1819 S1450 S565 S220 S1251 S1733 S1764 S2120 S329 S479 S759 S546 S1331 S294 S1729 S2021 S1001 S1063 S650

Specialty

PAHWA, Rajesh PAYNE-FIELDING, Marguerite PEDICAN, Mandi PENNERMAN, Geoffrey Wentworth PHILIPS, Winston Stanfield PIERRE, Sy Coolidge PINDER-BUTLER, Sabriquet POITIER, Myles PRATT, Monique RAHMING, Charles Lyndon RAMPHAL, Paul

Obstetrics and Gynaecology Internal Medicine / Nephrology Family Medicine with Special Interest in Dermatology and Skin Surgery General Surgery Radiation Oncology General Surgery/ Paediatric Surgery Ophthalmology Obstetrics and Gynaecology Internal Medicine/Nephrology Obstetrics and Gynaecology Anaesthetics Internal Medicine Family Medicine Obstetrics and Gynaecology Paediatrics/ Paediatric Cardiology Paediatrics/ Neonatology Orthopaedic Surgery Paediatrics Internal Medicine/ Oncology Obstetrics and Gynaecology Obstetrics and Gynaecology General Surgery Obstetrics and Gynaecology Anaesthetics General Surgery Paediatrics/ Neonatology Neurological Surgery Radiation Oncology Emergency Medicine Otolaryngology/ Otology Surgery Paediatrics Paediatrics Ophthalmology Obstetrics and Gynaecology Family Medicine Anaesthetics Internal Medicine & Pulmonary Diseases Internal Medicine/ Gastroenterology Neurology Internal Medicine/ Gastroenterology General Surgery Radiation Oncology Emergency Medicine Plastic and Reconstructive Surgery Psychiatry Anaesthetics Obstetrics and Gynaecology Internal Medicine /Rheumatology Dermatology Internal Medicine Internal Medicine, Endocrinology, Diabetes & Metabolism Internal Medicine and Rheumatol-

Radiology Radiology Pathology & Forensic Pathology Anaesthetics Orthopaedics Anaesthetics Family Medicine Family Medicine Internal Medicine /Nephrology Neurology General Surgery and Cardio-Thoracic and Vascular Surgery RAMSINGH, Robert ENT and Otorhinolaryngology READ, Stanley** Paediatrics and Infectious Disease REMY-TAYLOR, Ayana Paediatrics RICHARD, Annalease Psychiatry RIVERS, Keith Family Medicine and Geriatric Medicine ROBERTS, Patrick David Paediatrics ROBERTS, Paul Benjamin Paediatrics ROBERTS, Robin Urology ROBERTS, Tracey Medical Oncology RODGERS, Juana Olympia Family Medicine RODGERS, Kenneth Jonathan Ophthalmology ROKER-DAVIS, Tonya Family Medicine ROLLE, Anishka Internal Medicine/ Rheumatology ROLLE, Gemma Internal Medicine/ Gastroenterology ROLLE-SMITH, Lisa Family Medicine ROWE, Karen-Marie A. Anaesthetics and Intensive Care RUSSELL, Dawn Ophthalmology RUTGARD, Jeffrey Ophthalmology SAKHARKAR, Vrunda Obstetrics and Gynaecology SANDS, Caryn Orry Forensic, Anatomic and Clinical Pathology SANDS, Duane Ernest General Surgery, Cardio-Thoracic and Vascular Surgery SAWYER, Adrian Wade Internal Medicine/ Nephrology SAWYER, Madlene Obstetrics and Gynaecology / Maternal Fetal Medicine SEALEY, Simone Obstetrics and Gynaecology SEYMOUR, Yashica Paediatrics SHARMA, Munesh Radiology SIN QUEE-BROWN, Corrine O. Paediatrics/ Hematology SINGH, Harikrishna Anaesthetics SMITH, Alva Internal Medicine and Cardiology SMITH, Gigi Internal Medicine/ Paediatrics SMITH, Keysha Family Medicine SMITH- PRATT, Inga Obstetrics and Gynaecology SORSBY, Chandia Paediatrics STEPHENS, Leonard Urology STEWART, Julian Obstetrics and Gynaecology SUBRAMANIAN, Vijay Radiology SWEETING, Michelle Betty Emergency Medicine SWEETING, Robert Ophthalmology TAYLOR-ROLLE, Sally Family Medicine THOMAS, Carlos Paediatrics THOMAS, Gregory General Surgery THOMAS, Melonie Anaesthetics THOMPSON, Sharon Obstetrics and Gynaecology THOMPSON-BADAMOSI, Tanya Endocrinology TINUBU, Olubodun General Surgery TSERETOPOULOS, Constantine Dean Internal Medicine/ Cardiology TURNQUEST, Jean Psychiatry TURNQUEST, Theodore Internal Medicine/ Oncology UNWALA, Darius Urology UNWALA, Rashmi Dermatology VICTOR, Janice Anaesthetics WALKINE, Franklin W. Family Medicine WARD, Paul Harold Obstetrics and Gynaecology WARREN-HEPBURN, Juliette Dermatology WEECH, Mark Anthony Anaesthetics/ Critical Care WELLS, Christa Emergency Medicine WHITFIELD, Patrick Nelson Family Medicine WILLIAMS, Bert Urology WILLIAMS, Bruce Obstetrics and Gynaecology WILLIAMS, Francis Family Medicine WILLIAMS-ROBINSON, Yasmin Francine Family Medicine WILSON-CUNNINGHAM, Joanne Paediatrics *inactive **honorary

THE TRIBUNE

Thursday, July 13, 2017, PAGE 13

US STOCKS SOLIDLY HIGHER IN AFTERNOON TRADING; OIL RISES By ALEX VEIGA Associated Press U.S. stocks were on course for a solidly higher close late Wednesday afternoon following a broad market rally. Real estate companies gained, and energy stocks also rose as the price of crude oil finished higher. Bond prices rose, sending yields lower. Federal Reserve chair Janet Yellen told Congress that the central bank expects to raise interest rates at a gradual pace, remarks that helped put investors in a buying mood. KEEPING SCORE: The Standard & Poor’s 500 index gained 19 points, or 0.8 percent, to 2,445 as of 3:19 p.m. Eastern time.

The Dow Jones industrial average rose 145 points, or 0.7 percent, to 21,554. The Nasdaq composite added 68 points, or 1.1 percent, to 6,262. The Russell 2000 index of smaller-company stocks picked up 9 points, or 0.7 percent, to 1,422. The Dow was trading above its record high. YELLEN EFFECT: In her semiannual testimony before Congress on the economy, Yellen said the central bank expects to keep raising a key interest rate at a gradual pace and also plans to start trimming its massive bond holdings this year. Yellen cited a number of encouraging factors, including strong job gains and rising household wealth that she said should

drive economic growth over the next two years. Many economists believe the Fed, which has raised rates three times since December, will increase rates one more time this year. THE QUOTE: Yellen’s remarks on the economy and interest rate policy suggests the central bank may not need to raise interest rates as much as the market has been expecting, said Rob Haworth, senior investment strategy director at U.S. Bancorp Wealth Management. “By holding rates lower, that means capital or investment remains somewhat cheaper for companies and the economy should be able to do well with rates perhaps not rising as much

as some of us had feared,” Haworth said. LEADING THE PACK: Real estate investment trusts and other high-dividend paying stocks were among the big gainers, benefiting from rising bond prices, which pulled bond yields lower. Crown Castle International rose $2.13, or 2.2 percent, to $100.42. American Tower climbed $3.23, or 2.5 percent, to $134.16. TECH SURGE: Technology companies also notched solid gains. PayPal

was up $2.07, or 3.8 percent, to $56.83. Nvidia rose $6.34, or 4.1 percent, to $162.22. Activision Blizzard added $2.64, or 4.6 percent, to $60.62. DEBT PLAY: NRG Energy soared 26 percent after the company said it plans to raise up to $4 billion through asset sales in order to lower its debt. The stock was the biggest gainer in the S&P 500, climbing $4.23 to $20.53. HIGH FLYERS: Several airlines were trading higher after American Airlines

Group and United Continental reported solid results for June. American Airlines gained $1.95, or 3.8 percent, to $53.57. United Continental picked up $3.87, or 5 percent, to $80.79. Delta Air Lines rose $1.17, or 2.2 percent, to $55.46. CLEANING UP: ABM Industries climbed 2.9 percent after the cleaning and maintenance services company said it will buy facilities services company GCA from Thomas Lee Partners and Goldman Sachs. The stock added $1.18 to $41.87.

PAGE 14, Thursday, July 13, 2017

THE TRIBUNE

RYAN PLEDGES ACTION ON RUSSIA SANCTIONS AMID CIA CONCERNS By RICHARD LARDNER Associated Press

WASHINGTON (AP) — House Speaker Paul Ryan pledged on Wednesday to passing a “strong, bold” Russia sanctions bill even as President Donald Trump’s spy chief voiced concerns over the legislation that aims to punish Moscow for meddling in the presidential election. “I’m a Russia hawk,” Ryan, R-Wis., told reporters. “We want to move this Russia sanctions bill.” Sen. Bob Corker, chairman of the Foreign Relations Committee, urged the House to act quickly. He said “dilly dallying” over a constitutional issue that has slowed the bill’s passage in the House has amounted to “a ridiculous waste of time.” “This is all doing nothing

but helping Russia,” said Corker, R-Tenn. “Every day that goes by around here, mischief can happen.” But separate comments from House Majority Leader Kevin McCarthy suggested the Trump administration is attempting to weaken the bill, which passed the Senate last month with 98 votes. McCarthy said CIA Director Mike Pompeo informed him that the Russia sanctions package would affect the “ability to do his work and his job, a few elements of it.” McCarthy, R-Calif., didn’t specify what Pompeo was referring to. He also denied the White House is leaning on him to water down the Russia sanctions bill. Any attempts to alter the legislation would face stiff opposition from congressional Democrats and even a large number of Re-

publicans because of their wariness over Trump’s desire for better relations with Moscow. Those concerns heightened following revelations that Trump’s eldest son met with a Russian lawyer after being promised damaging information on Hillary Clinton supplied by the Kremlin. The sanctions legislation, which also would hit Iran with new economic penalties, stalled in the House over a dispute that’s led Democrats to accuse Republicans of seeking to shield Trump from rigorous congressional oversight. “I don’t believe that having the president’s party in a position to protect him from any oversight is good policy for our country, and in fact it’d be dangerous for

our country,” Rep. Steny Hoyer of Maryland, the No. 2 House Democrat, said during his weekly news conference. After the overwhelming Senate vote, the bill hit headwinds because of a constitutional requirement cited by the House GOP that legislation involving revenue start in the House. A fix failed to satisfy House Democrats, and Hoyer said he spoke to Ryan on Tuesday evening on a possible compromise. If Ryan rejects the compromise, Hoyer said that would tell him that House Republicans “are in a protective mode, not a mode of assuring, as the Senate did, that we have significant oversight.” In the meantime, Hoyer said House Democrats on

NOTICE

NOTICE is hereby given that SHEILA KENTISH of #28

Sword Fish Road, Stapledon, Nassau, Bahamas

is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twentyeight days from the 13th day of July, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that CRISTAL CAMBRIDGE of P.O Box SP-61135, New Providence, Bahamas is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/ naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 6th day of July, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

NOTICE

strengthening the hand of Russian interests. The American Petroleum Institute said late last week that the bill would expand a prohibition on U.S. energy companies from being involved in oil projects located in Russia to projects around the world that include Russian energy firms. In trying to punish Moscow, the group said, the bill could instead penalize major American businesses, potentially costing billions of dollars in jobs and economic activity. But Corker and other backers of the sanctions bill have said those concerns could be addressed administratively and don’t require significant alterations to the legislation.

NOTICE

NOTICE is hereby given that IVORINE LEVINE of #28

Sword Fish Road, Stapledon, Nassau, Bahamas

NOTICE

NOTICE is hereby given that LIFAITE ALCIME of Hope Town, Abaco, Bahamas is applying to the Minister responsible for Nationality and Citizenship, for registration/ naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 13th day of July, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

Notice of Appointment of a Liquidator under Section 204 of the BVI Business Companies Act.

NOTICE is hereby given that ANTON JAMAL PAUL of P.O.BOX SP-60557, Carmichael Road, Nassau, Bahamas is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twentyeight days from the 13th day of July, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

MARKET REPORT WEDNESDAY, 12 JULY 2017

Wednesday would introduce the original Senate bill as House legislation, a move he said would settle the constitutional question. But Ryan signaled that he prefers the amended Senate bill and he said House Democrats are responsible for the delay. He wants Democrats to agree on taking the final steps that are required to fully resolve the constitutional question. Ryan’s office did not respond to a request for comment on Hoyer’s proposed compromise. Both Ryan and McCarthy said they’ve been told that U.S. companies have objected to the energy-specific sanctions in the bill, which oil and gas manufacturers have said could harm American businesses while

t. 242.323.2330 | f. 242.323.2320 | www.bisxbahamas.com

QUADRIC INDUSTRIES LTD. (In Voluntary Liquidation) Company No. 552194 NOTICE is hereby given pursuant to Section 204, subsection (b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 7th June, 2017. The Liquidator is Nina Racciatti, Talstrasse 83, 8001 Zürich, Switzerland. Dated 15th day of June, 2017

BISX ALL SHARE INDEX: CLOSE 1,864.36 | CHG 0.19 | %CHG 0.01 | YTD -73.85 | YTD% -3.81 BISX LISTED & TRADED SECURITIES 52WK HI 4.38 17.43 9.09 3.60 4.70 0.13 6.50 8.60 6.10 10.60 14.49 2.72 1.60 6.00 10.00 11.00 10.00 6.90 12.51 11.00

52WK LOW 3.62 17.43 8.19 3.50 1.47 0.12 3.80 8.35 5.83 10.05 10.00 2.18 1.45 5.80 8.75 8.56 7.90 6.35 11.92 10.00

1000.00 1000.00 1000.00 1000.00

900.00 1000.00 1000.00 1000.00

PREFERENCE SHARES

1.00 106.00 100.00 106.00 105.00 105.00 100.00 10.00 1.01

1.00 100.00 100.00 100.00 105.00 100.00 100.00 10.00 1.01

SECURITY AML Foods Limited APD Limited Bahamas Property Fund Bahamas Waste Bank of Bahamas Benchmark Cable Bahamas CIBC FirstCaribbean Bank Colina Holdings Commonwealth Bank Commonwealth Brewery Consolidated Water BDRs Doctor's Hospital Famguard Fidelity Bank Finco Focol ICD Utilities J. S. Johnson Premier Real Estate Cable Bahamas Series 6 Cable Bahamas Series 8 Cable Bahamas Series 9 Cable Bahamas Series 10 Colina Holdings Class A Commonwealth Bank Class E Commonwealth Bank Class J Commonwealth Bank Class K Commonwealth Bank Class L Commonwealth Bank Class M Commonwealth Bank Class N Fidelity Bank Class A Focol Class B

CORPORATE DEBT - (percentage pricing) 52WK HI 100.00 100.00 100.00

52WK LOW 100.00 100.00 100.00

SYMBOL AML APD BPF BWL BOB BBL CAB CIB CHL CBL CBB CWCB DHS FAM FBB FIN FCL ICD JSJ PRE CAB6 CAB8 CAB9 CAB10 CHLA CBLE CBLJ CBLK CBLL CBLM CBLN FBBA FCLB

SECURITY Fidelity Bank Note 17 (Series A) + Fidelity Bank Note 18 (Series E) + Fidelity Bank Note 22 (Series B) +

SYMBOL FBB17 FBB18 FBB22

Bahamas Note 6.95 (2029) BGS: 2014-12-3Y BGS: 2015-1-3Y BGS: 2014-12-5Y BGS: 2015-1-5Y BGS: 2014-12-7Y BGS: 2015-1-7Y BGS: 2014-12-30Y BGS: 2015-1-30Y BGS: 2015-6-3Y BGS: 2015-6-5Y BGS: 2015-6-7Y BGS: 2015-6-30Y BGS: 2015-10-3Y BGS: 2015-10-5Y BGS: 2015-10-7Y

BAH29 BG0103 BG0203 BG0105 BG0205 BG0107 BG0207 BG0130 BG0230 BG0303 BG0305 BG0307 BG0330 BG0403 BG0405 BG0407

BAHAMAS GOVERNMENT STOCK - (percentage pricing) 115.92 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

104.79 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

MUTUAL FUNDS 52WK HI 2.07 3.95 1.96 169.70 141.76 1.49 1.67 1.58 1.10 6.96 8.50 6.30 9.94 11.21 10.46

52WK LOW 1.67 3.04 1.68 164.74 116.70 1.43 1.64 1.54 1.04 6.41 7.62 5.66 8.65 10.54 9.57

LAST CLOSE 4.27 15.85 9.09 3.60 1.47 0.12 4.00 8.60 6.00 10.48 10.00 2.47 1.56 6.00 9.75 8.10 9.75 6.90 12.50 10.00 1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.40 100.00 100.00 100.00 10.00 1.01 LAST SALE 100.00 100.00 100.00 108.42 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

CLOSE 4.27 15.85 9.09 3.60 1.47 0.12 4.00 8.60 6.00 10.48 10.01 2.54 1.56 6.00 9.75 8.10 9.75 6.90 12.50 10.00

CHANGE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.40 100.00 100.00 100.00 10.00 1.01

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CLOSE 100.00 100.00 100.00

CHANGE 0.00 0.00 0.00

108.53 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

0.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

FUND CFAL Bond Fund CFAL Balanced Fund CFAL Money Market Fund CFAL Global Bond Fund CFAL Global Equity Fund FG Financial Preferred Income Fund FG Financial Growth Fund FG Financial Diversified Fund FG Financial Global USD Bond Fund Royal Fidelity Bahamas Opportunities Fund - Secured Balanced Fund Royal Fidelity Bahamas Opportunities Fund - Targeted Equity Fund Royal Fidelity Bahamas Opportunities Fund - Prime Income Fund Royal Fidelity Int'l Fund - Equities Sub Fund Royal Fidelity Int'l Fund - High Yield Fund Royal Fidelity Int'l Fund - Alternative Strategies Fund

VOLUME

100

265 4,218 800 900

250

VOLUME

NAV 2.07 3.95 1.96 168.44 141.76 1.49 1.64 1.58 1.07 6.96 8.50 6.30 9.80 11.13 9.63

EPS$ 0.444 0.932 -0.510 0.383 -0.340 0.000 -0.760 0.587 0.190 0.540 0.570 0.102 0.455 0.753 0.763 0.330 0.830 0.600 0.697 0.000

DIV$ 0.080 1.000 0.000 0.210 0.000 0.000 0.000 0.300 0.220 0.360 0.570 0.060 0.060 0.290 0.450 0.000 0.340 0.140 0.620 0.000

P/E 9.6 17.0 N/M 9.4 N/M N/M -5.3 14.7 31.6 19.4 17.6 24.9 3.4 8.0 12.8 24.5 11.7 11.5 17.9 0.0

YIELD 1.87% 6.31% 0.00% 5.83% 0.00% 0.00% 0.00% 3.49% 3.67% 3.44% 5.69% 2.36% 3.85% 4.83% 4.62% 0.00% 3.49% 2.03% 4.96% 0.00%

0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.00% 0.00% 0.00% 0.00% 6.25% 6.25% 6.25% 6.25% 6.25% 6.25% 6.25% 7.00% 6.50%

INTEREST 7.00% 6.00% Prime + 1.75%

MATURITY 19-Oct-2017 31-May-2018 19-Oct-2022

6.95% 4.00% 4.00% 4.25% 4.25% 4.50% 4.50% 6.25% 6.25% 4.00% 4.25% 4.50% 6.25% 3.50% 3.88% 4.25%

20-Nov-2029 15-Dec-2017 30-Jul-2018 16-Dec-2019 30-Jul-2020 15-Dec-2021 30-Jul-2022 15-Dec-2044 30-Jul-2045 26-Jun-2018 26-Jun-2020 26-Jun-2022 26-Jun-2045 15-Oct-2018 15-Oct-2020 15-Oct-2022

YTD% 12 MTH% 1.92% 4.53% 0.82% 2.80% 0.95% 2.49% 3.95% 3.95% 6.77% 6.77% 1.45% 4.17% -1.59% 0.17% 0.49% 2.72% 1.29% 2.00% 4.35% 4.69% 4.13% 4.28% 4.22% 4.64% 6.19% 3.43% 2.77% 2.98% -3.66% -3.90%

NAV Date 31-May-2017 31-May-2017 31-May-2017 31-Dec-2016 31-Dec-2016 30-Apr-2017 30-Apr-2017 30-Apr-2017 30-Apr-2017 30-Nov-2016 30-Nov-2016 30-Nov-2016 30-Nov-2016 30-Nov-2016 30-Nov-2016

MARKET TERMS BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00 52wk-Hi - Highest closing price in last 52 weeks 52wk-Low - Lowest closing price in last 52 weeks Previous Close - Previous day's weighted price for daily volume Today's Close - Current day's weighted price for daily volume Change - Change in closing price from day to day Daily Vol. - Number of total shares traded today DIV $ - Dividends per share paid in the last 12 months P/E - Closing price divided by the last 12 month earnings

YIELD - last 12 month dividends divided by closing price Bid $ - Buying price of Colina and Fidelity Ask $ - Selling price of Colina and fidelity Last Price - Last traded over-the-counter price Weekly Vol. - Trading volume of the prior week EPS $ - A company's reported earnings per share for the last 12 mths NAV - Net Asset Value N/M - Not Meaningful

TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525 | LENO 242-396-3225

(Signed) Nina Racciatti Voluntary Liquidator Notice of Appointment of a Liquidator under Section 204 of the BVI Business Companies Act.

Waylong Development Limited (In Voluntary Liquidation) Company No. 1812433

NOTICE is hereby given pursuant to Section 204, subsection (b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 6th June, 2017. The Liquidator is Mag. Iur., LL.M Rainer August Sprenger, Landstrasse 99, 9494 Schaan, Liechtenstein. Dated 15th day of June, 2017 (Signed) Mag. Iur., LL.M Rainer August Sprenger Voluntary Liquidator

Notice of Appointment of a Liquidator under Section 204 of the BVI Business Companies Act.

GOTWICK NO.1 LIMITED (In Voluntary Liquidation) Company No. 156914

NOTICE is hereby given pursuant to Section 204, subsection (b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 27th June, 2017. The Liquidator is Kevin Ackerman, Seestrasse 17, 8002 Zurich, Switzerland. Dated 10th day of July, 2017 (Signed) Kevin Ackerman Voluntary Liquidator

PAGE 16, Thursday, July 13, 2017

THE TRIBUNE

UK unemployment rate falls to 42-year low but wages subdued

PEOPLE pass a sale sign in a shop window off Oxford Street in London. According to official figures released by Office for National Statistics yesterday, household incomes in Britain are being squeezed even though unemployment has fallen to its lowest level since the mid-1970s, amidst uncertainty as the country’s exit from the European Union looms nearer. (AP Photo)

By PAN PYLAS Associated Press LONDON (AP) — Household incomes in Britain are being squeezed even though unemployment has fallen to its lowest level since the mid-1970s, official

figures showed Wednesday, conflicting developments that accentuate the uncertainties policymakers are grappling with as the country’s exit from the European Union looms nearer. In its monthly update on the labor market, the Office

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for National Statistics said the unemployment rate between March and May fell to 4.5 percent, down 0.2 percentage point from the previous three-month period. The rate is now at its lowest level since 1975. The number of people out of work declined by 64,000 during the quarter to 1.49 million, and the employment rate, the proportion of people aged from 16 to 64 who were in work, was 74.9 percent, the highest since comparable records began in 1971. The positive news contrasts with other figures showing the economy slowing down. In the first quarter of the year, the British economy grew by a quarterly rate of 0.2 percent, the lowest of all the Group of Seven leading industrial economies. Employment figures often lag developments in the wider economy so the recent slowdown may not be felt for some months. The impact could be accentuated if Britain’s Brexit talks, which began in earnest last month, fail to make much headway in the coming months. “Historically unemployment is a ‘lazy indicator,’” said Ben Knight, professor at the Warwick Business School. “I would expect unemployment to rise if the Brexit effect on GDP growth turns out to be significantly negative, but it could be the end of the year before we can discern any effect of the Brexit vote.”

Britain EU Crash

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Worries that Britain could crash out of the EU in March 2019 with no trade deal with its former partners is, according to most economists, the biggest risk facing the country, a worstcase scenario that could lead to many firms ditching the country for continental Europe. In such a situation, Britain would operate under World Trade Organization rules, which would see tariffs slapped on many of the country’s exports. Credit ratings agency Moody’s warned Wednesday that Britain’s growth prospects could be materially weaker if no deal for privileged trade access to the European single market is agreed on. Rival Standard & Poor’s delivered a similarly bleak appraisal Tuesday. “It remains unclear whether the U.K. government can eventually deliver a reasonably good outcome,” said Kathrin Muehlbronner, a Moody’s senior vice president. “The likelihood of an abrupt — and damaging — exit with no agreement and reversion to WTO trading rules has increased compared to our expectation directly after the referendum, with the government so far pursuing objectives that imply a ‘hard’ exit.” Concern over the impact of Brexit is the main reason why the Bank of England cut its main interest rate last August to a record low of 0.25 percent. However, some members of the bank’s Monetary Policy Committee think rates should go up now as inflation is running above the 2 percent target, at 2.9 percent, and unemployment is falling. The Federal Reserve in the U.S. has similarly voiced concern about rising inflation and a tight labor market, and it has been steadily raising interest rates. Other Bank of England rate-setters, however, point to the continued weakness of wage growth as a source of concern. Wednesday’s figures showed average weekly earnings for employees increased by 1.8 percent including bonuses, and by 2.0 percent excluding bonuses, compared with a year earlier. Both are below inflation, meaning that living standards are falling, a development that’s likely to weigh on spending in the months to come as it has done over the previous few. Samuel Tombs, chief U.K. economist at Pantheon Macroeconomics, said the recent fall in consumer confidence will also likely make workers even less willing to change roles, decreasing the pressure on employers to offer higher salaries.