01182018 business

business@tribunemedia.net

THURSDAY, JANUARY 18, 2018

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‘Crazy’ property tax ‘tears Abaco apart’

WTO: Bahamas has ‘too much baggage’ unless Government acts

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

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Crazy” real property tax valuations and bills are threatening “to tear apart” Abaco’s real estate market, multiple realtors warned yesterday.

They revealed that foreign real estate owners have started receiving real property tax bills that have “doubled” compared to previous years, leaving some with tax payments worth more than the value of their properties.

Suggesting there was “no rhyme or reason” for

* Tax bills double, worth more than properties * Realtors blast ‘out of control’ valuations * Fear foreign investors/owners driven away the sudden, substantial increases, Abaco-based realtors warned that the resulting outrage and uncertainty threatened to undermine their market and drive away the foreign second homeowners that are the foundation of the island’s economy.

Besides threatening to reverse the 25 per cent year-over-year increase in business volumes they

enjoyed in 2017, Abaco’s realtors also warned the Government it would shrink its own tax base if foreign property owners abandon the Bahamas.

James Rees, a broker with Abaco Island Properties (Bahamas), told Tribune Business that the Department of Inland Revenue “seems to be completely out of control as to valuations of property

owned by foreigners”. He added: “The complaints have rolled in over the last few years, and now seem to be across the board. Several clients have already dumped their properties and will never return to the Bahamas. The tax increases have been outrageous and have been noticed by myself, many other realtors

SEE PAGE 12

BAHAMIAN businesses will “have our backside handed to us” unless the Government “aggressively” undertakes key reforms prior to joining the WTO, a governance reformer warned yesterday.

Robert Myers, a principal with the Organisation for Responsible Governance (ORG), told Tribune Business the local private sector would be “seriously damaged” if the Minnis administration fails to implement fiscal, monetary and energy sector changes

* ‘SERIOUS DAMAGE’ IF NO REFORMS BEFORE 2019 * GOV’T CONTROLS COMPETITIVENESS OF LOCAL FIRMS * URGED: ‘BE AGGRESSIVE ON LEVEL PLAYING FIELD’ that place it “on a level playing field” with foreign rivals.

The Government has set a 2019 deadline for the

SEE PAGE 10

Business start-up process in 50 per cent cut

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Government is aiming to “ease the pain of getting into business” through a February 5 launch that will cut this process by more than 50 per cent for some.

Marlon Johnson, the acting Financial Secretary, told Tribune Business that the Government had moved to “streamline the application process” for start-ups and entrepreneurs by creating a single online “interface”.

He added that this portal would cut down the time, cost and inconvenience associated with obtaining Business Licences through enabling new firms to also apply for other permits they needed, such as those from Town Planning, Building Control and

the Department of Environmental Health Services (DEHS).

Mr Johnson said new companies will also be able to set-up the payment of National JOHNSON Insurance Board (NIB) contributions via this portal, as the Government embraces technology to reduce the need for entrepreneurs to physically visit multiple agencies prior to incorporation.

Pledging that the Government was “moving from a bureaucratic-driven approach to a customer-centric approach”, the

Roadside auto dealers ‘must pay fair share’

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net NEW auto dealers yesterday said they were not opposed to Japanese used vehicle imports, and only wanted roadside dealers to “pay their fair share”.

Rick Lowe, the Bahamas Motor Dealers Association’s (BMDA) secretary, told Tribune Business that the sector’s main concern remains the multiple roadside dealers who “act outside the law” through tax non-compliance.

“They have no Business Licence, so pay no Business Licence tax,” he said. “They

* NEW CAR OPERATORS NOT AGAINST JAP IMPORTS * WARN THEY’RE BEING ‘TAXED OUT OF EXISTENCE’ * GOV’T ‘UNWILLING TO TAKE RISK’ OF RATE CUTS have no VAT registration, so make no VAT payments.

They have no property, so pay no real property tax, and are using public land to

SEE PAGE 4

Gov’t urged: ‘Act like you care’ and end clothing duty

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Government has been urged to “act like you care” and eliminate import tariffs to allow Bahamasbased clothing and apparel retailers to survive.

Robert Myers, the Organisation for Responsible Governance (ORG), told Tribune Business that high duty rates, combined with smuggling and everincreasing competition from online rivals, were threatening to “destroy the model” for this retail segment.

* HIGH TARIFFS ‘DESTROYING RETAIL MODEL’ * REFORMER: MAKE INSTANT DECISION * PROTECTION ARGUMENT ‘UPSIDE DOWN’ Arguing that tax policy was effectively exporting Bahamian retail jobs overseas, Mr Myers said this week’s warning from the Bahamas’ chief World

SEE PAGE 6

* Steps reduced from seven to three for some * Gov’t moves to ‘ease pain’ in February launch * To now look at Business Licence changes acting Financial Secretary added that the portal/interface was only “phase one” of plans to ease the start-up burden and enable more Bahamians to get into business.

He revealed that the next stage would involve making recommendations to government policymakers about changes to the law, especially the Business Licence Act 2010, that would further facilitate entrepreneurs and start-ups.

“What we have undertaken to do is make it easier for people to get into business,” Mr Johnson told Tribune Business. “What we

are seeking to do in early February is launch phase one of the exercise to make it easier for people to get into business.

“We’re streamlining the application process for people opening a business, who maybe require approvals from Town Planning, Ministry of Works, even Department of Environmental Health, to give them a single online application for that.”

Mr Johnson said the move was “consistent” with the Government’s goal to improve the Bahamas’ public sector processes and ‘ease of doing business’,

adding that the initiative was based on feedback not only from the administration’s ‘ease of doing business’ committee but the broader private sector.

He added that the single online “interface” connection would better enable the Government to provide new businesses with all necessary information, as well as provide a “more user friendly” experience that reduced start-up time and costs.

“That’s the ambition,” he told Tribune Business. “For some

SEE PAGE 7

PAGE 2, Thursday, January 18, 2018

THE TRIBUNE

Graphic design adds depth to the brand YOU may often hear people ask the question: “Aren’t branding and graphic design basically the same thing?” The truth is, yes, they go handin-hand, but they are also significantly different.

Branding can be defined simply as a mark that indicates ownership or distinction. In fact, branding has been recognised much longer than graphic design.

It was established even before logos were conceptualised but, before we venture too far, let’s start with some definitions.

Most successful clients realise that branding goes much deeper than just a few graphic pieces.

Branding is the ‘X Factor’ that brings instant distinction and notoriety, featuring elements that make you or your company unique.

With that being said, branding your business goes beyond just a logo for it encompasses

the overall product that is you or your company. This would include things such as colours, fonts, slogans, messaging, photography, video and persona. Your brand is your first impression. It is your constant spokesperson.

All of these influences are important to define before building sites, making printable materials or selling products. If you do not know who you are, and are unable to define yourself visually, then imagine how much harder it is for a client to easily form an opinion of you.

Different colours can present you as warm and inviting, or cold and serious. Likewise, creative messaging can present you as customer-focused or give a different impression entirely. All of this should be conceptualised and implemented in the branding process.

So, if we were to define branding now, it might look

like this: The cumulative visual, verbal and written elements of an entity that work together, and become the full representation of who they are and what they are all about.

Graphic Design Now that we have a good understanding of branding, let’s talk about Graphic Design.

Graphic Design is the art or profession of visual communication that combines images, words and ideas to convey information to an audience and produce a specific effect.

The question that should be asked with every Graphic Design element is this: “Is this consistent with our brand?”

Graphic Design comes in all shapes, sizes and functions. It appears on business cards, flyers, commercial spots, websites and even the logo. All pieces must be then be refined until they complement,

enforce and empower your brand/message even more.

One of the biggest hurdles for designers to conquer is to employ restraint. Being a designer myself, I find myself mentally saying ‘no’ more than I say ‘yes’. My job is to have a plethora of ideas and remain inspired on a daily basis, but it also involves not accepting the first idea that comes into my head.

I have already confessed to having a very active mind. Thus I use critical thinking to refine design choices and accurately convey the brand’s message. This all revolves around the strength of the overall brand. The more clearly stated the brand, the more I am able to add to it with what I do as a designer.

Branding is one of the most important parts of an entity. It can really make or break you when it comes to an outsider’s first

impression of who you are and what you do. Inconsistency in a brand has an intangible effect on people.

If a brand is inconsistent there is often a little bit of uncertainty, causing a lack of confidence in you and what you do, but the reasons are often not recognised and simply felt.

This is why having a solid brand that conveys a consistent, strong and clearly-stated message is of the utmost importance.

The tension is not branding versus graphic design, but how branding and graphic design work hand-in-hand.

Graphic design is the process that visually enhances your brand, and makes it a fully cohesive message in visual form.

Everything that is done in the world of graphic design should always put the brand first and the creative ideas second.

It may amount to rejecting great art concepts that everyone loves to look

The Art of Graphix

BY DEIDRE M BASTIAN

at for something that is a little less flashy and more functional, but if it adds depth to the brand then it is a win for everyone.

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 Coordinator 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.

Congratulations!

Dawn Amoury-Trotman, ACII Orry J. Sands & Co. Ltd. is pleased to announce that Mrs. Dawn Amoury-Trotman has completed the Syllabus of the Chartered Insurance Institute’s Advanced Diploma in Insurance is now a qualified Associate of the Institute (ACII).

Mrs. Trotman has 16 years of experience in general insurance and has worked in all areas of the business.

She specializes in Customer Service, Underwriting, Claims and Office Administration. With this achievement, Mrs. Trotman joins an elite society of Insurance Professionals in The Bahamas. In addition to her insurance qualification, she has an Associate’s Degree in Banking from the College of the Bahamas (now University of the Bahamas).

Orry J. Sands & Co. Ltd. 300 East Shirley Street

THE TRIBUNE

Thursday, January 18, 2018, PAGE 3

MEDICAL TECHNICIANS FILE REDUNDANCY PAY DISPUTE

By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Department of Labour was yesterday “aggressively” addressing a labour dispute involving 13 employees of St Luke’s Diagnostic Medical Laboratory who have been made redundant.

Robert Farquharson, director of labour, told Tribune Business: “That

is matter we are actively addressing.

“There are about 13 employees who have filed trade disputes. They claim that the company is in breach of Section 28 of the Employment Act, meaning that they were made redundant but did not receive redundancy at the time of their redundancy.

“We expect to have that matter heard in the conciliation process within the next 10-14 days.”

Mr Farquharson explained that the Department of Labour will summon the employer with the intention of mediating the matter. “Redundancy payments should be made at the time of redundancy,” he added.

“We want to find out what these employees are owed and when they will be paid.” Mr Farquharson said that depending on the outcome of the conciliation process, the matter

could be forwarded to either the Industrial Tribunal or the Supreme Court.

Former St Luke’s employees told ZNS earlier this week that they received letters late last year on the facility’s impending closure, as it was said to no longer be financially viable.

The medical laboratory closed on Friday, with the employees saying they were informed that severance monies will be paid once the building is sold.

Port Authority unveils ‘one-stop shop’ portal

By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Grand Bahama Port Authority (GBPA) has developed a “one-stop shop” business portal aimed at eliminating “irrelevant and cumbersome’” processes, its president said yesterday.

Ian Rolle, delivering a presentation to the Rotary Club of Southeast Nassau, said: “For many years we have been representing the Port Authority as a onestop shop. In reality, the Port Authority was simply one of the stops on the way.

“In order to alleviate a number of irrelevant and cumbersome processes, this particular model has been created by the Port and recently presented to the Ease of Doing Business committee.”

Mr Rolle explained that the intent of the portal is to give investors, local and foreign, the ability to apply for and track their progress in the approvals process.

“Right now it’s sort of a cumbersome process. An investor comes in, not just to Freeport but anywhere in the Bahamas, and is told by an organisation that they need to do x, y and z, and

when they come back they are told they then need to do a, b and c,” he added.

Mr Rolle said the business portal would ultimately eliminate a lot of investor frustration. “The objective of the portal is to create a world class, one-stop shop to manage all of the Grand Bahama Port Authority and government approvals

with specific guidelines,” he added. “Where matters need to be referred to central government, a clearly defined timeline will be established in line with best industry standards.”

Mr Rolle said challenges with regard to approvals often include overlapping information requests, requirements for different

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types of businesses not being known up-front ,and total reliance on third parties such as attorneys.

He added that the portal would create an easier flow and minimise attorney involvement, with processes being run concurrently as opposed to the current situation where one agency awaits the other.

PAGE 4, Thursday, January 18, 2018

THE TRIBUNE

Roadside auto dealers ‘must pay fair share’ FROM PAGE 1 run a business. If nothing else, they should be closed down until these issues are resolved.” Mr Lowe said the BMDA and its members were only calling for ‘a level playing field’ for all auto

dealers, a point echoed by the Association’s president, Fred Albury.

Emphasising that he was not opposed to Bahamians importing used vehicles for their own use, or buying them from legitimate new or second-hand car dealers, he said: “The biggest

concern is the unlicensed dealers bringing vehicles in and selling them on the side of the road and through social media. “We’re not against consumers bringing vehicles in for their own use, but if the Government wants to collect taxes from us they have to do

something about these guys [unlicensed roadside dealers] and make them comply.

“If you want to be in the business, pay your fair share of taxes like everyone else.”

Both men denied charges by members of the Bahamas Automobile Safety and Inspection Centre group that new car dealers were becoming “irrelevant” through failing to change their business model and adapt to reduced consumer incomes and changing tastes.

Mr Lowe pointed to the 60-65 per cent Excise Tax rate imposed on vehicle imports as the major culprit for pricing new autos beyond the reach of many Bahamians, together with the depressed economic environment experienced since the 20082009 recession.

“I’m not sure we’re becoming irrelevant,” he told Tribune Business,” but we’re being taxed out of existence. Take, for example, a $48,000 car where $18,000 of that price is tax.

“A $30,000 car would be a more reasonable number, but the Government seemingly thinks they cannot give up their revenue by lowering the tax rates. We feel strongly that government revenue from new car imports has dropped, and it will continue to drop unless there’s a drastic turnaround in the economy. “I can’t see new cars becoming irrelevant,” Mr Lowe continued.

“We sell over 1,500 annually, but can that sustain the number of dealership franchises that exist? If it remains at current levels there’s likely to be fall-out.

But then how will the Government get its revenue?”

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The BMDA secretary said the Government had yet to break-out how much revenue it earned on specific vehicle imports, but suggested its auto industry revenues might increase if it lowered rates/ margins and sought to spur increased sales volumes. “I think that’s the case,” Mr Lowe said. “Anybody could build the case that to lower taxes, more cars will be sold and more revenue will be collected.

“But they [the Government] don’t seem willing to take the risk. Rather than that, it seems to be death by 1,000 cuts for them and our industry. It’s a tough position, but our members provide sound jobs with benefits that may not exist.

That’s the reality.”

Mr Albury, meanwhile, said his Auto Mall business and other new car dealers were already “reducing expenses as much as we can” and examining “where the market is headed” ahead of major global changes anticipated in the industry.

“It’s a changing environment,” he added, “and over the next five years it’s going to change more as it’s going to move away from combustion engines to electric plug-ins and hybrids.

The whole auto industry is changing rapidly out there.”

The BMDA president said the Bahamas needed to keep up with such changes to ensure “it doesn’t become a bigger dumping ground than it is now” on vehicle quality. He added that Auto Mall had responded to the downturn in new car sales by using its BMW brand to focus on the high-end customers who would remain in this segment regardless of how the economy performs.

The dealer has also focused on its service and parts segments, while also concentrating on sales niches such as fleet deals and commercial vehicles such as trucks and buses.

COMMONWEALTH OF THE BAHAMAS IN THE SUPREME COURT Equity Side

2017 CLE/Equ/Qui/0048

IN THE MATTER of THE PETITION OF RANCE SMITH AND ARNIKA SMITH OF PLEASANT BAY, ANDROS AND IN THE MATTER OF THE QUIETING TITLES ACT 1959 Chapter 393 of the Statute Laws of The Bahamas AND IN THE MATTER OF ALL THAT piece parcel or lot of land situate in the vicinity of the Pleasant Bay Settlement in the Southern District of the said Island of Andros one of the Islands of the Commonwealth of The Bahamas and being the Eastern portion of Allotment Number Twenty-seven (27) which said piece parcel or lot of land comprises 39,946 square feet.

NOTICE OF PETITION The Petition of Rance Smith and Arnika Smith of the Settlement of Pleasant Bay, South Andros on the island of Andros, one of the islands of the Commonwealth of The Bahamas in respect of: ALL THAT piece parcel or lot of land situate in the vicinity of the Pleasant Bay Settlement in the Southern District of the said Island of Andros one of the Islands of the Commonwealth of The Bahamas and being the Eastern portion of Allotment Number Twenty-seven (27) which said piece parcel or lot of land comprises 39,946 square feet.

The Petitioners claim to be the equitable owners in fee simple possession of the parcel of land hereinbefore described and have made application to the Supreme Court of the Commonwealth of The Bahamas under Section three (3) of the Quieting Titles Act 1959, to have their title to the said land be investigated and the nature and extent be determined in a Certificate of Title in accordance with the provisions of the Act. Copies of the filed Plan may be inspected during normal office hours at:(1)

The Registry of the Supreme Court, Marlborough House, Marlborough Street, New Providence, The Bahamas.

(2) The Office of the Administrator the Bluff, South Andros, The Bahamas.

(3) The Chambers of Broughton Cartwright, No. 6 Camperdown Heights, New Providence, The Bahamas.

NOTICE IS HEREBY GIVEN that any person having a dower or right to a dower or an adverse claim or a claim not recognized in the Petition shall on or before the expiration of thirty (30) days after the final publication of these presents file in the Supreme Court and serve on the Petitioner or the undersigned a statement of his or her claim in the prescribed form verified by an affidavit therewith. Failure of any such person to file and serve a statement of his or her claim on or before the final publication of these presents will operate as a bar to such claim.

Dated this 18th of January 2018 BROUGHTON CARTWRIGHT Chambers No. 6 Bosham Close Nassau, New Providence, The Bahamas Attorney for the Petitioner

THE TRIBUNE

Thursday, January 18, 2018, PAGE 5

Bran’s pharmacy rejoins prescription drug plan

By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net

THE Democratic National Alliance’s (DNA) former leader is hoping for a “smoother operation” this time around for his family’s pharmacy, which is again a participant in the National Prescription Drug Programme (NPDP).

Branville McCartney had previously told this newspaper that Wilmac’s Pharmacy had “lost all kinds of money” because the NPDP’s terms had

been changed without warning.

“Initially the challenge was just being paid by the Government at the time,” he said yesterday. “We certainly had issues being paid in a timely fashion.

As you know, we would have to front the drugs, pay for them initially and then get reimbursed by the Government.

“Initially the contract spoke about weekly reimbursement and the Government at the time, the previous administration, unilaterally changed that agreement and said they would only pay monthly, and then we

started to get delays in payment.”

Mr McCartney continued: “Then they introduced a Tax Compliance Certificate. There were many instances when we had the tax certificate, but they said we were not compliant, and so it was one stumbling block after another.

“It was not good for business and we decided to put a stop to it. Recently we were asked to get back on the plan and we considered it. We told them what our concerns were previously in terms of payment and in terms of the inefficiencies.”

NOTICE

Mr McCartney said that as of this week, Wilmac’s Pharmacy is back with the NPDP. “We officially started on Monday, and hopefully we can have a smoother operation with the drug plan because we get a significant amount of people who were on it, those who lived in the area,” he added. “It was very difficult to stop, but when we weren’t being paid we were hitting a brick wall.

“It wasn’t good for business, so we had to make a business decision. However, we have been assured payments will be made in a timely fashion.”

NOTICE IN THE ESTATE OF ROBERT W. SMITH late of #217 Market Street South in the Southern District of the Island of New Providence, one of the Islands of the Commonwealth of The Bahamas, deceased.

Notice is hereby given that all persons having any claim or demand against the above Estate are required to send their names, addresses and the particulars of their debts or claims duly certified in writing to the undersigned on or before the 18th February, A. D. 2018, after which date the Administratrix will proceed to distribute the assets having regard only to the proved debts or claims of which notice have been given.

And Notice is hereby given that all persons indebted to the said Estate are requested to make full settlement on or before the date herein before mentioned.

EDWARD B. TURNER & CO. #24 Leonie Place Flax Terrace off Malcolm Road Nassau, Bahamas Attorneys for the Administratrix of the Estate of the late Robert W. Smith

NOTICE is hereby given that KIRIL SOKOLOFF of Bevesley Lane, Lyford Cay, 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 11th day of January, 2018 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL The public is hereby advised that I, HERBY WESLEY MILLER of Nassau, Bahamas, intend to change my name to HERBERT WESLEY MILLER. If there are any objections to this change of name by Deed Poll, you may write such objections to the Chief Passport Officer, P.O. Box N-742, Nassau, Bahamas no later than thirty (30) days after the date of the publication of this notice.

TEMPLE CHRISTIAN HIGH SCHOOL

ENTRANCE EXAMINATION 2018-2019 Temple Christian High School will hold its

Entrance Examination on Saturday, January 20, 2018 at the school on Shirley Street from

8:30 a.m. to 12:00 p.m. for students wishing to enter grades 7, 8, 9 and 10.

Application forms are available at the High School Office. The application fee is twentyfive dollars ($25.00). Application forms should be completed and returned to the school by Friday, January 19, 2018.

For further information, please call telephone number: 394-4481/394-4484.

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PAGE 6, Thursday, January 18, 2018

THE TRIBUNE

Gov’t urged: ‘Act like you care’ and end clothing duty FROM PAGE 1

Trade Organisation (WTO) negotiator that the Government can no

COMMONWEALTH OF THE BAHAMAS IN THE SUPREME COURT COMMON LAW AND EQUITY DIVISION

longer protect such sectors was effectively an ‘upside

2017 CLE/GEN/00055

IN THE MATTER of multiple advances granted to the First Defendant and in the matter of the Guarantee and Postponement of the Claim dated 5th December, 2012.

AND IN THE MATTER of a Debenture dated 26th February, 2008.

BETWEEN

FIRSTCARIBBEAN INTERNATIONAL BANK (BAHAMAS) LIMITED AND BLU WA-TA FALLS LTD (t/a Nautilus Water) AND JASON GARLAND EVANS (Guarantor) AND

Plaintiff

First Defendant

Second Defendant

HUBERT GARLAND EVANS (Guarantor) AND PRIME BAHAMAS LIMITED (Guarantor) NOTICE TO:

POSITION AVAILABLE

Fourth Defendant

TAKE NOTICE that by Writ of Summons filed on 19th January, 2017 in Action CLE/gen/00055 of 2017, FIRSTCARIBBEAN INTERNATIONAL BANK (BAHAMAS) LIMITED, as Plaintiff, commenced an action against you claiming breach of a demand loan dated the 30th day of June, 2007, the 29th December, 2010, the 23rd September, 2011 and 5th December, 2011 made between you as a Guarantor and FirstCaribbean International Bank (Bahamas) Limited as Lender and the Bank claims against you the sum of $499,548.13 as of the 16th day of January, 2017 along with contractual interest at the rate of 8.25% per annum and statutory interest pursuant to Section 2 of Civil Procedure (Award of Interest) Act, 1992 and costs.

AND THAT it has been ordered by Ms. Stephana Saunders, Registrar of the Supreme Court, on the 7th December, 2017 that service of the Writ of Summons in the said action on you be effected by this advertisement.

AND FURTHER TAKE NOTICE that you must within twenty-one (21) days from the publication of this advertisement inclusive of the day of such publication, acknowledge service of the said Writ of Summons by completing a prescribed form of Acknowledgement of Service which may be obtained on request from the Attorneys whose name and address appear below, or from the Supreme Court Registry, Ansbacher House, 3rd Floor East Street North, in the City of Nassau otherwise Judgment may be entered against you.

BAYCOURT CHAMBERS Cumberland House 15 Cumberland Street Nassau, The Bahamas

“Let’s accept it and support the retail industry. We might lose duty revenues, but there are decent paying jobs and the like. Don’t deliberate over this for six months. Get on with it.

Just do it. We all know the industry is under threat globally. Just help the sector out, and create some opportunities and employment.”

Mr Myers suggested the Customs revenues given up could be made up from the extra Value-Added Tax (VAT) created by increased retail sales activity and employment.

“Would you rather put all the retailers out of business and make nothing, or make 7.5 per cent and keep them in business?” he asked. “We shouldn’t debate this for the next 18 months. We should enact that tomorrow.

“That’s what a government business-minded and business friendly is about.

Let’s get on with it and

Third Defendant

JASON GARLAND EVANS of Nassau, The Bahamas

DATED this 17th day of January, A.D., 2018

down’ explanation for the industry’s problems.

Raymond Winder had told Tribune Business that the Government could no longer use high tariffs, laws, regulations and other trade barriers to protect Bahamian retail from online and foreign competition, but Mr Myers said it was these same high tariffs that have made the sector uncompetitive. “I’ll preface this by saying I haven’t done any research, but from gut reaction we should eliminate the duty on clothing and apparel because they’re destroying the retail model,” he told Tribune Business.

“These are good paying jobs Bahamians could have, but we’re giving these jobs away to foreigners. People are also smuggling clothing and apparel into the Bahamas, and there’s nothing we can do about that.

SOUS CHEF NEEDED Scope of Duties 1. Delegate responsibilities and task to cooks and stewards 2. Ensure that food products are of high quality before serving to customers 3. Train new and existing staff members on standard preparation, arrangement and plating presentation as per standard menu 4. Research new recipes, be creative in implementing new ideas and developments in Caribbean and international cuisine Qualifications 1. 5+ years’ culinary experience in a high-volume, full-service restaurant 2. Two-year degree or culinary school completion 3. Experience preparing French, Asian, Bahamian and Mediterranean cuisine 4. Knowledge of best practices for training kitchen staff and implementing kitchen procedures 5. High level of creativity and reliability 6. Familiarity with menu costing procedures)

Please send your detailed curriculum vitae (including culinary education, training and employment history) to careers@chubcay.com

Attorneys for the Plaintiff

make that change tomorrow. That’s when you’re going to gain consumer and business confidence. Act like you care.”

Responding to Mr Winder’s comments, Mr Myers said it was the exact same protectionist measures he referred to - which could be eliminated under WTO - that were making Bahamian retailers and other sectors uncompetitive.

“It is the Government’s high costs and poor ease of doing business that is the largest cost factor to the Bahamian private sector’s global competitiveness,” Mr Myers argued.

“Make no mistake: In the end, it is each and every Bahamian that pays for all of the taxes, Customs duties, tariffs, fees, costs and inefficiencies of the Government and its monopolistic enterprises and bloated ministries.

When citizens go about their daily lives, these costs are assessed and added to every aspect of the goods and services we buy.

“Businesses are but a vessel for the collection of the Government’s elaborate taxes and fees. If the cost of doing business increases due to poor leadership, management and operations of a bloated, inefficient government, then we all pay higher electrical costs, water costs, labour burden, property tax, licensing fees, interest on loans, Customs duties etc.. All of these taxes and fees are passed on to the consumer by way of a cost and overhead mark up by businesses.”

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THE TRIBUNE

Thursday, January 18, 2018, PAGE 7

Business start-up process in 50 per cent cut FROM PAGE 1

businesses we have seven steps, and we’ve been able to cut that down to three.

Some businesses are very simple.

“While we’re trying to make it streamlined and more straightforward, a lot of these processes are required by law. In phase two we will be proposing to policymakers amendments

to the law to allow people to get into business quicker, and streamline some of the processes in the Business Licence Act 2010.

“That currently requires certain regulatory elements to be done prior to approval. We want to see how to streamline that.”

Mr Johnson continued: “The ambition is to make it very simple and straightforward for people to get into business. We have been ranked in the low rungs for countries on the

ease of doing business, and believe we have a tremendous opportunity to improve that ranking and ease the pain for people getting into business.

“That’s the Government’s stated objective, and our goal is to give life to that by making better use of technology, streamlining the process internally and streamlining the time to get into business and receive a Business Licence. We’re looking at that over the

next year, and will make substantial changes.”

The acting Financial Secretary said the Government ultimately wanted to make the Business Licence application process “app driven”, and added: “The technology exists. We want

to make it easier, simpler, better.

“That’s our overriding philosophy. We’re moving from a bureaucratic-driven approach to a customercentric approach, looking at it from the perspective of persons doing business.”

Mr Johnson said the Government would not achieve all its goals in 2018, and acknowledged that there may “be some growing pains” with the new interface that require “tweaking” as it moves forward.

THE PUBLIC HOSPITALS AUTHORITY

NOTICE TENDER FOR THE LEASING OF RETAIL SPACE WITHIN THE FOOD COURT OF THE CRITICAL CARE BLOCK PRINCESS MARGARET HOSPITAL

TENDERS ARE INVITED FROM QUALIFIED COMPANIES FOR THE LEASING OF RETAIL SPACES WITHIN THE FOOD COURT OF THE CRITICAL CARE BLOCK, PRINCESS MARGARET HOSPITAL, FOR A PERIOD OF ONE (1) YEAR. TENDER DOCUMENTS, WHICH INCLUDE INSTRUCTIONS TO TENDERERS, SPECIFICATIONS AND OTHER RELEVANT INFORMATION, CAN BE COLLECTED 9 AM - 5:00 PM MONDAY TO FRIDAY AT THE PUBLIC HOSPITALS AUTHORITY, CORPORATE CENTRE BUILDING “B”, THIRD & WEST COLLINS AVENUE. A TENDER MUST BE SUBMITTED IN DUPLICATE IN A SEALED ENVELOPE OR PACKAGE IDENTIFIED AS A TENDER FOR THE LEASING OF RETAIL SPACES WITHIN THE FOOD COURT OF THE CRITICAL CARE BLOCK, PRINCESS MARGARET HOSPITAL” AND ADDRESSED TO: THE CHAIRMAN, TENDERS COMMITTEE THE PUBLIC HOSPITALS AUTHORITY CORPORATE CENTREBUILDING “B” THIRD AND WEST TERRACES COLLINS AVENUE P.O. BOX NB8200, NASSAU, BAHAMAS TENDERS ARE TO ARRIVE AT THE PUBLIC HOSPITALS AUTHORITY NO LATER THAN 12:00 P.M. on Friday January 26th, 2018 All submissions must be accompanied by (i) a current Business License to provide Cafeteria Food Services; (ii) three (3) references from current or previous clients; (iii) Value Added Tax (V.A.T) Registration Certificate; (iv) An up-to-date (not less than one (1) month old) V.A.T Compliance Certificate; (v) a copy of Insurance Policy Certificate indicating that your company is insured against loss of life, injury or damages; and (vi) a letter from the National Insurance Board (NIB) stating that your company is up to date (not less than one (1) month old) and in good standing in the payment of its NIB contributions on behalf of those persons employed in your company.

The Public Hospitals Authority reserves the right to accept or reject any or all Tender(s)

PAGE 10, Thursday, January 18, 2018

THE TRIBUNE

WTO: Bahamas has ‘too much baggage’ FROM PAGE 1 Bahamas to accede to full World Trade Organisation (WTO) membership, but Mr Myers said it had left Bahamian companies carrying “too much baggage” unless it moved “very aggressively” to put its house in order. “We’re

not ready for that. We’re not ready for that at all,” he said of the WTO’s rulesbased, liberalised trading regime. “We haven’t got the inefficiency and largesse out of the Government, which is keeping our taxes artificially high.

“We’ve got exchange control and banking regulations that are keeping our

financing and transaction costs artificially high. The cost of money in the US is half of what it is here, and the cost of power is onethird of what it is here. The labour burden and cost of labour in the Dominican Republic and Jamaica are one-third to one-quarter of what they are here.”

We’re hiring

Mr Myers argued that the Bahamian economy’s competitiveness, and that of its companies, is being held back by the costs and inefficiencies of a government that has imposed an increased taxation burden and impeded the ‘ease of doing business’.

These costs have been passed on to the Bahamian private sector and consumers, while exchange controls and relatively high interest rates have left local firms unable to compete with foreign rivals when it comes to capital costs and access.

Mr Myers said the Bahamas needed to “get rid of exchange controls and banking regulations so we can borrow at globally competitive interest rates, and we don’t have to go from earning US dollars to convert to Bahamian dollars and then convert them back to US dollars to buy goods and services.

“There’s no half pregnant on this,” he told Tribune Business. “Give Bahamians that opportunity ahead of opening up so we can compete before exposing us on our own turf, and so we have an advantage ahead of competition in our own backyard.

“Otherwise we’re going in with too much of a burden, too much baggage that other countries don’t have because they’re more fiscally responsible and have a bigger economy.

We’re going in and will have our backsides handed to us.”

The Minnis administration and its predecessor have both embarked on a process of exchange control liberalisation in collaboration with the Central Bank, the steps so far seeking to make it easier and less costly for Bahamians - especially businesses - to access foreign capital and invest

abroad, while also diversifying the economy and attracting new industries.

The Government has also indicated that WTO membership is a key element of its bid to reposition the Bahamian economy through liberalisation and deregulation, and move it out of its decade-long low growth/high unemployment slump.

Many observers, though, believe the Bahamas and many of its businesses are woefully underprepared for WTO and its rules-based trading regime, and that the private sector will struggle to compete with foreign rivals once trade barriers are lifted.

Mr Myers, though, said much depended on “how aggressive the Government is” in dealing with the Bahamian economy’s structural weaknesses as to whether the Government’s 2019 WTO deadline will be achieved.

“If they can be aggressive, get their fiscal house in order, abolish exchange controls and banking regulations, then 2019 - the end of - perhaps,” he told Tribune Business. “If the Government is not aggressive in acting on these things, you’re going to clobber Bahamian businesses if you accede to the WTO. “You’re not going to be able to compete internationally or regionally.

They’ve got to get us on a level playing field. If you don’t, you’re going to seriously damage Bahamian businesses. And there’s nothing I can do about it.

“I can’t affect these costs.

These costs can only be affected by the Government. There’s not a damn thing I can do about this country.”

Mr Myers said WTO membership offered “tremendous opportunities” for Bahamian companies,

especially in the services sector, to export their offerings and expand into other markets, but this would only become a reality if the Government removed all structural obstacles in their way.

“If WTO accession is to be a reality then it is actually the Government who needs to get their costs in order, modify the laws, regulations and policies, and begin to think more proactively about reducing the size and cost of government,” Mr Myers argued. “It is this action that will allow the Bahamas and Bahamian businesses to be more competitive globally.

“Local businesses will not be able to compete in a global market if exchange control and banking regulations remain in place.

The regulation, cost and time for the conversion of dollars, combined with the artificially inflated cost of debt due to banking regulations, is of itself an uncompetitive hurdle for Bahamian businesses.

“When one then considers the high cost of energy, taxes, labour burden, fees, Customs duties, government services, work permits, water, licensing etc, all levied by a fat and inefficient government, it abundantly clear where the WTO negotiating team needs to focus their efforts and discussions,” he continued.

“We agree with the WTO team’s assertion that Bahamian businesses have a tremendous opportunity to grow the service sectors of their businesses throughout the Caribbean and the world, but it is imperative that prior to any further accession to WTO the Government remove the many hurdles that it has placed in the way of Bahamian businesses and its citizens.”

Administrative Assistants Internal Client Services

COMMONWEALTH OF THE BAHAMAS IN THE SUPREME COURT Common Law and Equity Division

Internal Client Services Job Title: Administrative Assistant in Nassau and Freeport Service Line: Administration

IN THE MATTER of an Indenture of Mortgage made the 11th day of July A.D., 2007 between Clayton J. Clarke and Cedricka Michelle Elizabeth JohnsonClarke and Finance Corporation of Bahamas Limited

General Purpose

AND IN THE MATTER of an Indenture of Mortgage made the 8th day of September A.D., 2009 between Cedricka M. E. Johnson-Clarke and Finance Corporation of Bahamas Limited

To carry out duties relevant to the acquisition of Immigration work permits, Labor certificates and similar documents in a timely manner. To complete financial statements and support all function lines within the firm with administrative duties as may be assigned from time to time.

Main Job Tasks and Responsibilities • Typing of financials statements and binding financials • Preparation of Immigration forms for expat workers and family members • Prepare labor certificate • Interact with lawyers on legal matters pertaining to Immigration • Typing of documents needed by all managers/ senior managers • Book hotel accommodations for Deloitte Staff members • Purchase tickets for line staff • Prepare business license letters for clients • Assist Freeport staff members with signature for fee notes and audit reports • Assist with getting correspondence files and audit files during the absence of the Records & Retention Clerk • Order of office supplies and ink cartridges • Assist with photocopies and faxes • Prepare proposals for all service lines • Develop a filing system (centralized) for Immigration work permits.

• Develop an e-filing system for all files under your purview.

• Develop an inventory log and tracking system to ensure that all supplies are replenished as needed • Assist with archiving of files

Education and Experience • • • • • • •

5 BGCSE’s An Associates degree will be a plus in Accounts or related field 2 – 5 years relevant experience Knowledge of administrative and clerical procedures Knowledge of computers and relevant software application Knowledge of client service principles and practices MSOffice

About Deloitte • Deloitte has a strong presence in the countries of the Caribbean and Bermuda marketplace, with more than 500 professionals dedicated to bringing their talents to bear on clients’ unique issues. The Deloitte Caribbean and Bermuda Countries serve the English-speaking Caribbean from offices in the Bahamas, Barbados, Bermuda, British and United States Virgin Islands, Cayman Islands and Trinidad & Tobago.

Deloitte CBC is a member of Deloitte Touche Tohmatsu Limited, one of the world’s leading professional services firms in audit, tax, financial advisory and consulting. With a globally connected network of member firms in more than 150 countries and territories, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte’s more than 210,000 professionals are committed to making an impact that matters.

Please apply in confidence to: cbc.recruitment@deloitte.com or www.deloitte.com/careers on or before January 25th 2018

2014 CLE/GEN/1497

AND IN THE MATTER of the Mortgages Act, Chapter 156 of the Revised Laws BETWEEN

FINANCE CORPORATION OF BAHAMAS LIMITED AND CLAYTON J. CLARKE

Plaintiff

First Defendant AND CEDRICKA MICHELLE ELIZABETH JOHNSON-CLARKE Second Defendant To:

Cedricka Michelle Elizabeth Johnson-Clarke

TAKE NOTICE that an action has been commenced against you in the Supreme Court of the Commonwealth of the Bahamas by Finance Corporation of Bahamas Limited, Carmichael Branch situate at RBC Financial Centre, Carmichael Road, New Providence, Bahamas, in which the Plaintiff’s claim is set out in the Originating Summons filed in this action on the 24th day of September A.D., 2014 seeking an Order to direct you to deliver up possession of the Mortgaged Property situate in the Western District of the Island of New Providence aforesaid being Lot Numbered Fifty-four (54) in the Victoria Gardens Subdivision and Lot Numbered Two Hundred and Twenty-one (221) in the Subdivision called and known as Flamingo Gardens situate in the Adelaide Constituency in the Western District of the Island of New Providence aforesaid to Finance Corporation of Bahamas Limited within Twenty-eight (28) days of the Order, and Judgment for the sums outstanding under the Indenture of Mortgage dated the 11th day of July A.D., 2007 and the Indenture of Mortgage dated the 8th day of September A.D., 2009.

And that it has been ordered that the publication of a notice of the entry of the Notice of Appointment to Hear the Originating Summons filed on the 10th day of June A.D., 2016 in the Nassau Guardian newspaper and The Tribune newspaper shall be deemed to be good and sufficient service of the said document on you.

The Originating Summons will be heard before the Honourable Mr. Justice G. Gregory Hilton of the Supreme Court at the Supreme Court, Saffrey Square Annex, Bank Lane, Nassau, New Providence, Bahamas, on Wednesday the 14th day of March A.D., 2018 at 9:30 o’clock in the forenoon, on which day you are to appear, and if you do not appear either in person or by your Attorney at the time and place abovementioned, such Order will be made as the Court thinks just.

A copy of the said Notice of Appointment to Hear the Originating Summons may be obtained from the Supreme Court Registry, Ansbacher House, East Street, Nassau, New Providence, Bahamas, or from the Attorneys for the Plaintiff below mentioned.

Dated the 18th day of January A.D., 2018.

HIGGS & JOHNSON Ocean Centre Montagu Foreshore East Bay Street Nassau, New Providence, Bahamas.

Attorneys for the Plaintiff.

THE TRIBUNE

Thursday, January 18, 2018, PAGE 11

BIG SWINGS CONTINUE AS BITCOIN BRIEFLY DIPS BELOW $10,000 NEW YORK (AP) — The volatility of the digital currency markets was on display again Wednesday, as bitcoin briefly fell below $10,000 before rebounding back above $11,000 in the U.S. afternoon.

With the drop below $10,000, bitcoin had lost about half its value since hitting a high above $19,000 in mid-December. Other digital currencies bounced around as well.

Bitcoin has slumped 20 percent this week as traders worry that regulators in South Korea will crack down on trading of digital currencies. The price of bitcoin fell as much as 20 percent Wednesday, but later recovered and was nearly flat at $11,392

around 5:10 p.m. Eastern Time, according to Coindesk.

Bitcoin hasn’t caught on as a currency for buying things, as intended. But it has drawn huge interest from traders, and its price has soared over the past year, and has also had several sharp drops.

The price of one bitcoin went from $1,000 at the beginning of last year to nearly $20,000 in midDecember.

The latest plunge brings the price back to where it was in early December.

Many financial pros believe bitcoin is in a speculative bubble that could crash any time.

The possibility that South Korea will ban or restrict

virtual currency trading has weighed on traders’ minds the last few weeks because the nation is a major market for currencies like bitcoin.

Those worries have also depressed the prices of other digital currencies that gained sharply in recent months.

Ethereum fell 9 percent to $993 Wednesday, according to Coindesk. During the day it tumbled as much as 26 percent. Its current price is still roughly double where it was in November, and down sharply from its recent peak of $1,329 on Jan. 10.

Bitcoin and other digital currencies trade on private exchanges that have little regulation or protection for investors. In December two

major financial exchanges, the Cboe and CME, started trading in bitcoin futures, which allow investors to make bets on the future price of bitcoin without actually holding bitcoins.

Bitcoin futures on the Cboe were little changed while CME-traded futures slipped 2 percent. Earlier they hit their lowest levels since trading began last month.

Bitcoin is extremely hard to value because it has no country or central

bank backing it and it’s not widely used to make transactions. Its value is tied only to what people believe it is worth at any given time.

Partly for that reason, it’s gone through numerous highs and lows in its brief history since being formed in 2009: After a plunge in November 2013, it lost about half its value in 2014. The huge rally in 2017 also came with some sharp selloffs, although those wound up being temporary.

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Expression of Interest (EOI) LYNDEN PINDLING INTERNATIONAL AIRPORT

Nassau Airport Development Company Limited (NAD) is seeking interested proponents (individual, consortium or joint venture) to design, build, finance and operate multiple duty free retail stores at The Lynden Pindling International Airport.

Interested proponents are asked to provide: 1. A list of all local or internationally recognized brands the proponent is licensed to sell 2. The proposed categories of duty free items/stores the proponent would wish to provide 3. A proposed revenue share model with NAD including minimum annual guarantees. NAD welcomes innovative revenue models in the expression of interest 4. List of stores and their square footage owned and operated by the proponent 5. Confirmation that the proponent has the capacity to build-out at least 3,000 square feet of retail spaces at a minimum of B$450.00 per square foot Minimum Qualifications: 1. Proponents must be a licensed Bahamian company or joint venture with a licensed Bahamian company 2. 5 years experience as a major duty free concessionaire at an airport NAD’s Goals and Objectives are to: 1. Achieve a high standard of excellence and customer service 2. Offer concepts & services that will appeal to the complete spectrum of passengers served by the airport A detailed Expression of Interest Document for the above is available for distribution to qualified and interested parties via email by contacting Mr. Troy Strachan, Manager Commercial Development at troy.strachan@nas.bs.

Documents may also be collected from NAD’s Executive Offices located on the 3rd floor of The International Arrivals Terminal at The Lynden Pindling International Airport. Documents will be distributed up to 4:00 p.m. on January 22, 2018.

Submissions in response to this EOI are to be received no later than 4:00 p.m. February 23, 2018. After reviewing responses, NAD may request additional information or may schedule individual meetings with any respondent to gain additional information about the expression of interest.

PAGE 12, Thursday, January 18, 2018

THE TRIBUNE

‘Crazy’ property tax ‘tears Abaco apart’ FROM PAGE 1 and, most of all, the property owners.” Mr Rees cited numerous examples involving his clients to support his arguments, including the case of a 91 year-old American who has resided in the Bahamas for 50 years.

He revealed that his client owns 20 acres in the Little Harbour, of which the majority is “swamp land”, but the Government had assessed it a value that was 22.6 times’ higher than that calculated by a private appraiser.

“It’s in the middle of nowhere, with no beach access, and 60-80 per cent of it is swamp land,” Mr Rees told Tribune Business. “The Government assessed it at $1.4 million.

He fought it, they said get it appraised, and an appraiser appraised it at $62,000.

Mr Rees said the Department of Inland Revenue had refused to accept the appraiser’s valuation, and had instead hit his client with a real property tax bill of $91,000 - more than the property’s appraisal value.

Despite seeking the assistance of local MPs to

help resolve the matter, Mr Rees said the Government’s tax authority had instead turned his client’s file over to a private collections agency, Intelisys (Bahamas).

“He has this bill of $91,000 on a piece of property that is only worth $60,000 to $70,000,” he added of his client. “He’s not paying it. I’ve involved local MPs, and been to the local Treasury office I don’t know how many times.

They won’t see me any more.

“They sent it to a collections agency. They’ve been rail roading this guy, sending him nasty letters saying that if you want to avoid this thing, pay immediately.”

Mr Rees also cited the example of a canal lot at Casaurina Point, purchased for $111,000 prior to the 2008-2009 recession, but which was now worth $60,000.

He revealed that its foreign owners, who had spent three years attempting to sell at $60,000, were hit with a tax bill based on the Government’s valuation of the lot at $203,000 - more than three times’ its worth.

“They put it to $30,000 and dumped it,” Mr Rees said of the owners’ reaction. “They’ll never come to the Bahamas again.

They’ve dumped it.” He also pointed to the Bahama Palm Shores development featuring 1,000 lots, where inland parcels had been appraised at $14,000-$15,000, but the Government had assessed their worth as $51,000 for property tax purposes.

“What we have going on here seems to be an unfair practice in one sense because no one is really doing an appraisal for the Government,” the Abaco realtor added. “They’re simply raising the tax across the board to absolutely ridiculous levels.

From all of what I’m seeing and hearing, the taxes have almost exactly doubled.

“It’s going to hurt all the Bahamas. They’re running off the investor, and the only investor in the Out Islands that pays [real property] taxes are foreigners. In the long run they’re [the Government] shrinking their tax base as people will be running away from it. “It’s out of control. It’s catching all the

foreign buyers. We’ve got a real issue here. If we don’t watch out, we’re going to end up with no real estate sales, a bad reputation and the construction industry is going to disappear,” Mr Rees continued.

“Those are industries we need for the country to grow. You take all of this away and nothing will be left for the Bahamian people in order to make a living. The Government is talking about getting Bahamians to come back to the Bahamas; well, there’s nothing for them to come back to. I know more wealthy Bahamians who have left Abaco for the US and Canada in the last few years than ever before.

They’ve taken their families and got out.”

Mr Rees shared with Tribune Business the reaction of a foreign client upon receiving a $60,000 real property tax bill for a lot valued at just $20,000. They said simply: “What is going on?”

“I’m quite upset over it,” he added. “I thought they were isolated incidents, and all of a sudden I start receiving e-mails from clients as to what’s going

NOTICE

NOTICE

CYMBIDIUM LIMITED PARTNERSHIP

MORE LIMITED PARTNERSHIP

N O T I C E IS HEREBY GIVEN as follows:

N O T I C E IS HEREBY GIVEN as follows:

a) CYMBIDIUM LIMITED PARTNERSHIP is in voluntary dissolution under the provisions of Section 15 (1) of the Exempted Limited Partnership Regulations, 1995.

a) MORE LIMITED PARTNERSHIP is in voluntary dissolution under the provisions of Section 15 (1) of the Exempted Limited Partnership Regulations, 1995.

b) The dissolution of the said Partnership commenced on the 17th January 2018 when the Written Resolution was submitted to and registered by the Registrar General.

b) The dissolution of the said Partnership commenced on the 17th January 2018 when the Written Resolution was submitted to and registered by the Registrar General.

c) The General Partner of the said Partnership is Cymbidium Corporate Limited,Bahamas Financial Centre, Shirley and Charlotte Streets, Nassau, Bahamas.

c) The General Partner of the said Partnership is More Corporate Limited, Bahamas Financial Centre, Shirley and Charlotte Streets, Nassau, Bahamas.

Dated this 18th day of January, A. D. 2018 _________________________________ Cymbidium Corporate Limited General Partner

Dated this 18th day of January, A. D. 2018 _________________________________ More Corporate Limited General Partner

Career Opportunity FIDUCIARY EXECUTIVE

JPMorgan Chase Private Bank is seeking applications for a Fiduciary Executive JPMorgan Asset & Wealth Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds The International Trust Services (“ITS”) practice group provides trustee and related fiduciary services to clients of the J.P. Morgan Private Bank around the world. The ITS team administers structures established for private banking clients from Latin America, EMEA and Asia. The Global Trusts and Estates business represents $165bn in assets; the international trust business represents $49bn in assets, administered through approximately 2400 fiduciary structures.

The Fiduciary Executive (FE) is a part of the Senior Management Team within the Bahamas trust business. The FE is charged with providing technical, administrative, legal and risk management support to the Team Leaders (TLs), Trust Officers (TOs) and Trust Administrators (TAs) and other team members related to trust administered in the Bahamas.

The Fiduciary Executive role is broad and includes covering trust teams aligned with Latin America, Asia and EMEA as well as those covering US connected trusts. Responsibilities include the following activities.

Partner with Bahamas Trust Company Team Leader who is responsible for managing the TOs and TAs in the Bahamas Coordinate and partner with additional Fiduciary Executive coverage that may be assigned to the Bahamas team on some or all FE responsibilities • Provide advice on and facilitate the resolution of complex technical issues and questions with TLs, TOs and TAs • Be a part of the approval process as necessary for discretionary decisions submitted by TOs, approve money transfers & other transactional approvals • Provide document interpretation and analysis of the relevant policies, procedures, laws and regulations.

• Provide guidance/approval on investment exceptions requiring fiduciary input • Assist in the termination/closing of small or troublesome accounts and advise on resignations.

• Assist in the resolution of client complaints and other challenges from co-trustees and/or beneficiaries • Review Annual Administrative Account Reviews that present potential risk issues and advise TOs and TAs on resolution of open action plans.

• Monitor monthly/weekly administrative metrics and follow-up with TOs and TAs to assure resolution of outstanding issues.

• Provide informal training and guidance though participation in Team meetings with TOs and staff.

• Back up Team Leader as needed to facilitating account acceptance and opening for new Trust and Agency relationships.

• Escalate threatened and actual litigation to senior management and work with internal and external legal counsel to ensure responses are thorough and to facilitate optimal resolution of all client disputes.

• In partnership with Team Leader, manage front office completion of all compliance and risk management projects including follow-up and resolution of open issues.

• Provide review and input on proposed policy additions and changes.

• Assist in the process improvement & enhanced risk management of the Bahamas trust business including identification of new or emerging gaps, risks or inconsistencies for escalation and resolution with internal partners

Required Skills: Broad knowledge of all legal, tax and regulatory requirements applicable to fiduciary relationships. Superior risk management, practical judgment and problem solving skills. Excellent communication and interpersonal skills and demonstrated ability to work collaboratively.

Desired Background/Experience: Law degree required. Minimum 10 years of international and/ or US trust and/or estate experience at a law firm or corporate fiduciary. Experience with clients around trust administration, tax and investments desired.

• •

Interested applicants can apply to J.P. Morgan Chase online at: http://careers.jpmorgan.com/experienced/jpmorgan/jobs under requisition number: 170101584. Deadline to submit application is January 26, 2018

on with property values, why are they increasing so much, the market must be so good.

“I don’t know what to do.

I’m hoping someone, somewhere can make an effort to get someone to listen and reverse this crazy real property tax. Most of the Out Islands rely on the foreign investor.

“We don’t have any source of income otherwise. We don’t have the volume of people to survive here without the foreign investor. It’s 100 per cent what runs Abaco.”

Mr Rees was backed by Bill Albury, of Damianos Sotheby’s International Realty, who told Tribune Business that the increased real property tax bills which in some cases have more than doubled - were threatening to “tear apart” Abaco’s real estate market and second home economy.

“It’s going to be pretty dramatic as you may well imagine,” he said of the impact, “because some of these foreign buyers have held property for many years and been assessed at a certain rate.

“In some instances the rates have doubled, and it’s happened for no apparent reason. People are absolutely alarmed, objecting and requesting a review.

In the meantime, their accounts are not being paid, so they’re being turned over to collections agencies who are calling and threatening property owners, which is crazy.”

Mr Albury said it was not only “unnerving” for clients but also the Abaco real estate community, as realtors are unable to properly advise clients on their likely real property tax bills or whether sales/appraisal values will be accepted by the Government.

“If they submit an up-todate appraisal by a qualified appraisal it doesn’t seem to make a bit of difference,” he told Tribune Business.

“They [the Government] just put a number on it.

Someone in the Valuation Department is going absolutely nuts.

“It’s quite unnerving in the real estate market. I do have a sale pending now, wondering how in God’s name they’re going to assess it. There’s no rhyme or reason to it. It’s going to tear the market apart if it’s not resolved.

“It’s gotten worse this year for sure. It’s certainly gone to another level in recent times, and is affecting many more people.

Before it was the odd case here and there, and once an appraisal was submitted it was corrected or at least addressed. Now, it doesn’t seem to matter.

Mr Albury said it would be better if the Department of Inland Revenue issued guidelines with respect to real property tax assessments and billings, as realtors would then be

better able to advise clients what to expect.

He echoed Mr Rees’s warning about the Abaco economy’s “total dependence” on the foreign second home market, and added: “Anybody who is not a Bahamian or has no standing here is probably going to say: ‘To hell with it, and walk away’.

“We’ve experienced quite an uptick in the market here for the last year, probably a 25 per cent uptick overall, and we were hoping for a better year this year. But it’s not going to happen at all when this starts to circulate and affects more people.”

Bill Thompson, of Abaco Real Estate Agency, told Tribune Business: “I’ve had several clients in the last few days call me and say their property was reassessed for real property tax purposes at values much higher than what the property is worth.

“I’m not sure where they’re [the Government] coming up with these figures, but the onus goes back on consumers to prove the real property tax department is in error. The only opening they have is to hire a licensed appraiser, who goes out and does an appraisal on the property that costs $1,000, and then go back and fight with the real property tax department as to what the value should be.”

Mr Thompson revealed he was involved “in an ongoing case” where an American client, who had been paying real property tax on an assessed value of $8,000, had just signed a sales contract valuing the same lot at $18,000.

“What real property tax has told the Alexiou, Knowles & Co law firm is that they will take that $18,000, go back 10 years and assess tax on that $18,000,” he disclosed.

“They’ll have to pay that [retroactive tax] out of the proceeds of the sale. It’s ludicrous.

“It’s making us, as members of the Bahamas Real Estate Association, to look as if we don’t know what we’re talking about.

We’re unable to advise our clients.” Mr Thompson called on the Government to ensure it kept realtors “in the loop” on what it is doing.

Marlon Johnson, the Ministry of Finance’s financial secretary, yesterday told Tribune Business he was unaware of any specific real property tax-related complaints from Abaco, although “we always get the odd situation”.

Pledging to check the matter with his officials, Mr Johnson said the Government was determined to “enforce the laws as they are”. He added that it was always able to review laws, and their impact, during the course of a normal Budget year.

NOTICE

NOTICE is hereby given that odler pierre of Marsh Harbour, 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 11th day of January, 2018 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE JETSTREAM INTERNATIONAL LTD. ________________ Pursuant to the Provisions of Section 138 (8) of the International Business Companies Act 2000 notice is hereby given that the above-named Company has been dissolved and struck off the Register pursuant to a Certificate of Dissolution issued by the Registrar General on the 20th day of December, 2017.

Delano Aranha Liquidator of JETSTREAM INTERNATIONAL LTD.

THE TRIBUNE

Thursday, January 18, 2018, PAGE 13

Baha Mar is seeking exceptional talent for a world class experience.

Take a look at the exciting opportunities that we have available.

FOOD & BEVERAGE Server

The Server will work together with the Food & Beverage Manager to provide guests with exceptional dining experiences, offering suggestions and recommendations on menu items and wine pairings, ensuring guests’ expectations for their meals are exceeded.

Hostess

The Hostess will work together with the Food & Beverage Manager to ensure that guests are greeted cheerfully and seated in a timely manner, delivering outstanding guest service that exceeds guests’ expectations for their resort dining experiences.

Bartender

The Bartender will work together with the Food & Beverage Manager to prepare the highest quality beverages while providing timely, accurate and friendly service to exceed guests’ expectations for their hotel beverage experiences.

Busser

The Busser will work together with the Food & Beverage Manager to provide prompt, courteous service to restaurant patrons and ensure guest’s expectations for their hotel dining experiences are exceeded.

Pool Attendant

The Pool Attendant will work together with the Food & Beverage Manager to provide a clean, safe and fun experience for pool guests; ensuring guests expectations for their pool experience are exceeded.

Steward

The Steward will work together with the Team Leader - Stewarding to maintain all aspects of the entire kitchen cleaning and stewarding functions including heart of house operations, inventories and sanitation.

In-Room Dining Server

The In-Room Dining Server will work together with the In-Room Dining Manager to provide guests with exceptional Room Service experiences, offering prompt and courteous service and delivery, with knowledge of menu offerings, ensuring guests’ expectations for their meals are exceeded.

In-Room Dining Ordertaker

The In-Room Dining Ordertaker will work together with the In-Room Dining Manager to provide guests with In-Room Dining experiences, offering suggestions and recommendations on menu items and wine pairings, ensuring guests’ expectations for their meals are exceeded.

Event Operations - Server

The Event Operations - Server will work together with the Team Leader - Event Operations to provide guests with exceptional banquet event experiences, offering prompt and courteous service and delivery with knowledge of menu and beverage offerings, ensuring guests’ expectations for their events are exceeded.

Event Operations - Houseman

The Event Operations - Houseman will work together with the Food & Beverage Management Team and is responsible for the set up, refresh, tear down, and maintenance of all banquets and meeting space.

CULINARY Pastry Finishing & Baking Cook

The Pastry Finishing/ Baking Cook will work together with the Pasrty Chef to oversee the preparation, cooking and presentation of desserts, pastries, and confections to ensure guests’ expectations for their resort dining experiences are exceeded.

Cook I

Cook I will work together with Cook II and the Sous Chef to assist with the preparation, cooking and presentation of all food items, based on standardized recipes. This individual will ensure all guests’ expectations for all their resort dining experiences are exceeded.

Cook II

Cook II will work together with the Sous Chef to prepare, cook and present all food items, based on standardized recipes, always ensuring guests’ expectations for their resort dining experiences are exceeded.

FINANCE Accounts Clerk

The Accounts Clerk will work together with the Credit Manager and is responsible for performing duties such as collecting, verifying, and banking the Hotel and Food and Beverage cash takings daily, along with assisting and maintaining stringent cash controls throughout the hotel.

Accounts Payable Clerk

The Accounts Payable Clerk will work together with the Credit Manager to ensure that monthly revenues and expenses are matched, and that all related reporting is timely and accurate to maintain financial organization for the hotel.

Income Auditor

The Income Auditor will work together with the Credit Manager to audit daily revenue and produce the revenue report. This individual will prepare miscellaneous income spreadsheets for verification with invoices and verify the accuracy of sales, telecommunication and occupancy taxes.

Payroll Master

The Payroll Master will work together with the Credit Manager and is responsible for processing semi-monthly payroll and maintaining the payroll system in accordance with hotel standards. This role also involves maintaining the time and attendance system for Rosewood Baha Mar.

Store & Receiving Clerk

The Store & Receiving Clerk will together with the Purchasing Manager to perform a variety of clerical and technical duties such as the receiving, storing and issuing of various supplies, materials and equipment. This individual must maintain a detailed record of all items received and issued.

HOUSEKEEPING Guest Room Attendant

The Guest Room Attendant will work together with the Housekeeping Supervisor to provide clean, friendly, courteous service for hotel guests; ensuring guests’ expectations for their guest rooms are exceeded.

FRONT OFFICE Guest Services Associate - Bell

The GSA - Bell will work together with the Chief Concierge to proactively anticipate guests’ needs for their luggage and packages.

This individual will also deliver Bell Services in an attentive, friendly and timely manner to ensure outstanding guest services the exceeds expectations.

Guest Services Associate - Door

The GSA - Door will work together with the Chief Concierge to ensure a positive first and last impression for guests as they arrive and depart the hotel by opening doors in an attentive, friendly and timely manner, providing outstanding guest service that exceeds expectations.

Guest Services Associate - Concierge

The GSA - Concierge will work together with the Chef Concierge and will be responsible for pro-actively anticipating guests’ needs and personalizing the delivery of service to meet the specific needs of each guest.

Guest Services Associate - Front Desk

The GSA - Front Desk will work together with the Assistant Front Desk Manager to ensure positive guest relations by providing prompt, efficient and exceptional guest service while maximizing room revenue and productivity.

Guest Services Associate - PBX

The GSA - PBX will work together with the Assistant Front Office Manager to create a warm and welcoming atmosphere for callers; delivering outstanding guest service by answering all calls in a timely, courteous and friendly manner, while building consumer passion about the overall company brand.

RESERVATIONS TEAM Reservations Agent

The Reservations Agent will work together with the Reservations Supervisor in providing prompt, courteous and efficient handling of all requests for guest room reservations, changes, cancellations and information.

Guest Historian

The Guest Historian will work together with the Reservations Supervisor to manage all guest history information including merging/purging and administration of guest preferences and the glitches process. This individual will ensure regular maintenance of the guest history and profile database and be the link between the guests and all departments at the hotel prior to arrival, during their stay and after their departure.

BUTLER TEAM Butler Associate

The Butler Associate will work together with the Butler Supervisor to pro-actively anticipate guests’ needs and create a highly personalized experience to ensure outstanding guest service that exceeds guests’ expectations.

ENGINEERING Engineering Associate

The Engineering Associate will work together with the Engineering Supervisor to maintain the general operations, safety and security of hotel facilities, furnishings, and equipment to ensure all guests’ expectations for the hotel are exceeded.

Visit careers.bahamar.com to complete an online application today!

PAGE 14, Thursday, January 18, 2018

THE TRIBUNE

NOTICE

MARKET REPORT WEDNESDAY, 17 JANUARY 2018

NOTICE is hereby given that ANTHONY LOUIS of t. 242.323.2330 | f. 242.323.2320 | www.bisxbahamas.com

BISX ALL SHARE INDEX: CLOSE 2,057.47 | CHG 1.55 | %CHG 0.08 | YTD -6.10 | YTD% -0.30 BISX LISTED & TRADED SECURITIES 52WK HI 4.38 19.17 9.09 3.76 1.64 0.18 5.05 8.70 6.30 5.30 11.93 2.59 1.56 6.01 10.55 11.00 4.50 7.25 12.51 11.00

52WK LOW 3.50 17.43 8.19 3.32 0.90 0.12 3.50 8.40 5.83 3.15 9.00 2.18 1.40 5.82 8.78 5.67 3.35 6.61 12.01 10.00

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

1050.00 1000.00 1000.00 1000.00

1000.00 1000.00 1000.00 1000.00

Cable Bahamas Series 6 Cable Bahamas Series 8 Cable Bahamas Series 9 Cable Bahamas Series 10 Colina Holdings Class A Commonwealth Bank Class Commonwealth Bank Class Commonwealth Bank Class Commonwealth Bank Class Commonwealth Bank Class Commonwealth Bank Class Fidelity Bank Class A Focol Class B

PREFERENCE SHARES

1.00 103.00 100.00 106.00 105.00 103.00 100.00 10.00 1.01

1.00 100.00 100.00 100.00 105.00 100.00 100.00 10.00 1.00

SYMBOL AML APD BPF BWL BOB BBL CAB CIB CHL CBL CBB CWCB DHS FAM FBB FIN FCL ICD JSJ PRE

E J K L M N

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

52WK LOW 100.00 100.00

CAB6 CAB8 CAB9 CAB10 CHLA CBLE CBLJ CBLK CBLL CBLM CBLN FBBA FCLB

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

SYMBOL FBB18 FBB22

Bahamas Note 6.95 (2029) 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 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

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

MUTUAL FUNDS 52WK HI 2.11 4.13 1.98 176.30 149.66 1.52 1.69 1.61 1.09 6.99 8.54 6.15 10.52 11.46 10.46

52WK LOW 1.67 3.04 1.68 164.74 116.70 1.46 1.62 1.56 1.04 6.41 7.62 5.66 8.65 10.54 9.57

LAST CLOSE 3.50 17.43 9.09 3.34 0.92 0.18 3.68 8.70 6.10 4.86 9.01 2.57 1.50 6.00 10.45 6.00 4.48 7.01 12.51 10.00

CLOSE 3.85 17.43 9.09 3.34 0.92 0.18 3.68 8.70 6.10 4.86 9.01 2.60 1.50 6.00 10.45 6.00 4.48 7.01 12.51 10.00

CHANGE 0.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 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 1.00

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

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

LAST SALE 100.00 100.00

CLOSE 100.00 100.00

CHANGE 0.00 0.00

110.16 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

0.08 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

110.08 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

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 1,000

800

VOLUME

NAV 2.11 4.13 1.98 176.30 149.66 1.52 1.69 1.61 1.08 7.16 8.40 6.29 11.28 11.60 10.21

EPS$ 0.444 0.932 -0.508 0.540 -1.220 0.000 -1.462 0.611 0.583 0.192 0.631 0.102 0.392 1.129 0.729 0.484 0.298 -0.668 0.543 0.000

DIV$ 0.080 1.130 0.000 0.230 0.000 0.000 0.000 0.300 0.220 0.160 0.690 0.060 0.050 0.290 0.500 0.000 0.120 0.140 0.580 0.000

P/E 8.7 18.7 N/M 6.2 N/M N/M -2.5 14.2 10.5 25.3 14.3 25.5 3.8 5.3 14.3 12.4 15.0 -10.5 23.0 0.0

YIELD 2.08% 6.48% 0.00% 6.89% 0.00% 0.00% 0.00% 3.45% 3.61% 3.29% 7.66% 2.31% 3.33% 4.83% 4.78% 0.00% 2.68% 2.00% 4.64% 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

0.000 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 6.00% Prime + 1.75%

MATURITY 31-May-2018 19-Oct-2022

6.95% 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 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% 4.00% 4.39% 5.57% 5.69% 2.14% 2.44% 4.66% 3.89% 5.58% 6.65% 4.31% 4.35% 1.22% 1.35% 2.95% 3.24% 2.96% 1.74% -1.08% 1.77% -5.96% -3.05% 1.90% 4.59% 7.24% 11.96% 2.77% 3.88% 3.94% 4.69%

NAV Date 30-Nov-2017 30-Nov-2017 24-Nov-2017 30-Sep-2017 30-Sep-2017 30-Nov-2017 30-Nov-2017 30-Nov-2017 30-Nov-2017 30-Nov-2017 30-Nov-2017 30-Nov-2017 30-Nov-2017 30-Nov-2017 30-Nov-2017

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

Farrington Road, Christopher Street, Nassau, Bahamas is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 18th day of January, 2018 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, Bahamas.

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL The Public is hereby advised that I, ASHLAND EVAN NECADO COLEBY of New Providence, Bahamas intend to change my name to ASHLAND EVAN NECADO STORR. If there are any objections to this change of name

by Deed Poll, you may write such objections to the Chief Passport Officer, P.O.Box N-742 Nassau Bahamas no later than thirty (30) days after the date of the publication of this notice.

POSITION AVAILABLE

Healthcare Professional Scope of Duties 1. Assess patients and provide emergency treatment and diagnoses 2. Attend to injuries or sudden illnesses by applying a variety of pre-hospital, simple and advanced treatments 3. Refer patients to outside medical providers when necessary Requirements 1. Bachelor’s degree in Nursing or higher is accepted 2. 10 years experience providing emergency services in a clinic or hospital setting 3. Willingness to relocate to small island (complimentary housing will be provided) Please send your detailed curriculum vitae (including medical education and post-graduate training and employment history) to careers@chubcay.com

ADVERTISE TODAY IN THE TRIBUNE, CALL 502-2394

THE TRIBUNE

Thursday, January 18, 2018, PAGE 15

ATTENTION LOYALTY MEMBERS: Points earned up to December 31, 2017 will expire on January 31, 2018. Visit any of our store locations throughout the Bahamas to redeem today. To learn more, visit 700winesandspirits.com/loyalty/terms or call 242-397.1400.

MOBILE

APP

Take us with you Everywhere you go!

PAGE 16, Thursday, January 18, 2018

THE TRIBUNE