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FRIDAY, JULY 3, 2020

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Court to supervise Cavalier’s wind-up ‘Beyond egregious’: LEONARD SANDS

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

CAVALIER Construction’s liquidation was yesterday placed under Supreme Court supervision after the 64 year-old contractor’s insolvency was confirmed. Once one of The Bahamas’ largest and bestknown contractors, its winding-up under judicial oversight was approved by during a hearing before Justice Ian Winder given that its cash and other assets are insufficient to pay all creditors what they are owed.

• Contractor’s insolvency confirmed • FirstCaribbean is secured creditor • Head office, equipment key to recovery

Andrew Davies, the Crowe (Bahamas) partner and accountant, who is acting as Cavalier’s liquidator, confirmed the contractor’s insolvency in the winding-up petition that was filed with the Supreme Court on March 3, 2020. The hearing to place it under the court’s supervision was supposed to have taken place on March 24, but was delayed by the

COVID-19 lockdown. Cavalier’s directors and management resolved that the company be wound-up on February 18, 2020, at an Extraordinary General Meeting (EGM) at Cafe Channing Noelle in Caves Village. Those present included Donald Thompson, president of Cavalier’s and Bobcat Bahamas’ parent, the Galaxy Group of

Companies; Martin Todd, Cavalier’s managing director and Galaxy vicepresident; Vernon Wells, Galaxy’s vice-chairman, and Sharon Ryan as company secretary. The EGM took place almost one month after Tribune Business revealed on January 20 that Cavalier was closing down

SEE PAGE 5

Bungled Netflix trade to cost Ansbacher $317k By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net ANSBACHER (Bahamas) has been ordered to pay $317,000 in lost profits to a UK investor over a bungled Netflix share trade he claims cost him his townhouse. Justice Indra Charles, in a June 22, 2020, verdict, found that the financial services provider guilty of “gross negligence” in failing to properly investigate what had happened to Steven Chromik’s 4,000 Netflix shares after being alerted to potential problems with the transaction. She ruled that Ansbacher (Bahamas), whose parent is the AF Holdings (formerly Colina) financial group, “fell markedly below the standard expected of a professional and competent

• Court finds it guilty of ‘gross negligence’ • UK investor says saga cost him his house • Bank and local UBS arm blamed each other

PHILIP BRAVE QC bank” by failing to perform its own checks after UBS (Bahamas) informed it just 50 percent of Mr Chromik’s holding had been sold. All 4,000 were supposed to have been disposed of on August 26, 2011, but Mr

Bahamas First provides $65m boost to BISX By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net BAHAMAS First yesterday delivered a $65m boost to the Bahamas International Securities Exchange (BISX) by becoming the first general insurer to list on it. Patrick Ward, pictured, Bahamas First’s president and managing director, told Tribune Business it had finally decided “the benefits of the listing outweigh any potential downside” after finally adding its ordinary and preference shares, as well as its bond, to the exchange. Bahamas First, whose

Govt eyes SPV for agriculture funding By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net THE government is eyeing the creation of a special purpose vehicle (SPV) that will raise and channel financing towards agriculture, a Cabinet minister said yesterday. Michael Pintard, minister for agriculture and marine resources, told Tribune Business that the government is working with the financial services industry to develop a structure that can capture private sector funding for Bahamian farmers. “We are working with some members of the financial services community

securities will begin trading on the exchange as of today, has been mulling its move from the over-the-counter (OTC) market for several years. Mr Ward said BISX listing will aid its 255 existing shareholders by providing greater

SEE PAGE 5 in order to create an agricultural fund to create substantial funding that will be raised from the private sector,” Mr Pintard said. “We are working with some very talented people out of the private sector, and I hope to carry a paper to Cabinet in the month of July. One of the finance papers has already been submitted, and we are just waiting for it to make the agenda. “The second one will actually have the structure of the SPV that we are setting up in order to go to market to raise capital. We have a tremendous amount of unused land that we can use to leverage in order to raise capital.” Mr Pintard predicted that the Bahamian agriculture sector will see more “inward flows of capital or investment” by July 2021.

Chromik was only informed he was still the beneficial owner of 2,000 more than one month later as Ansbacher and UBS blamed each other for the error. The self-employed property analyst and investor was only able to liquidate his remaining Netflix holdings almost nine months later in early May 2012, by which time the share price had crashed from $232.94 to $74.25 - a decline that cost him $316,681. Justice Charles’ judgment reveals that Mr Chromik and Ansbacher (Bahamas) spent much time agonising over whether to include UBS (Bahamas) as a defendant

or third-party to the action, with the latter variously described as having performed the role of “broker”, “agent and custodian” and “independent contractor”. Ansbacher (Bahamas) initially blamed UBS’ “negligence” for the UK investor’s trading loss, which the latter denied, but it ultimately abandoned its attempt to add the Swiss-owned bank’s Bahamian subsidiary as a “third party” so it would be “indemnified” if it was held liable for the loss. Philip Davis QC, the opposition’s leader and Mr Chromik’s attorney, said the

SEE PAGE 4

STEPHEN WRINKLE

Ex-contractor chief hits Mexican arrival By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

THE government’s decision to permit a major Abaco resort to bring in more than 100 Mexican construction workers was yesterday branded as “beyond egregious”. Leonard Sands, the Bahamian Contractors Association’s (BCA) immediate past president, told Tribune Business “it vexes my soul” to see so many foreign workers imported at a time when thousands of residents are unemployed due to the combination of Hurricane Dorian and COVID-19. Criticising the association for “not raising the red flag” in objection to this more strongly, he added that the government should have halted Baker’s Bay Golf & Ocean Club’s plans without needing to even review its original decision given The Bahamas’ current economic circumstances. Pointing out that neither Baker’s Bay nor the government have ever justified the need for so many work permits, Mr Sands argued that 90 percent of the wages received by the Mexicans will immediately be remitted home and never circulate in the Bahamian economy. Insisting that the Bahamian workforce can supply workers with the same skills, and in sufficient quantity, to match those of the

Mexicans, the former Association president asked: “When will the skilled Bahamian workers have an opportunity to earn a wage in the Commonwealth of The Bahamas?” However, he was somewhat contradicted by Stephen Wrinkle, another ex-BCA president, who told Tribune Business that the controversy surrounding the Mexicans’ arrival stemmed from The Bahamas’ own failure to properly manage, train and develop its construction industry. He argued that the government’s failure to mandate joint venture partnerships between Bahamian contractors, and their foreign counterparts and developers, meant that the necessary skills and knowledge needed to participate in work on major foreign direct investment (FDI) was not being transferred to locals. Mr Wrinkle said this ultimately created “a Catch 22” where foreign developers were unable to find an adequate supply of the skills they needed in The Bahamas, resulting in them importing expatriate labour. And he identified “another aspect” as being that lowercost Mexican, Chinese and Filipino workers typically “out-produce” Bahamians, with the absence of joint

SEE PAGE 4

PAGE 2, Friday, July 3, 2020

THE TRIBUNE

BALANCING THE RISKS IN COVID-19 REOPENING

ITH the opening of our international borders to visitors, many are bracing with bated breath for what might be a COVID-19 resurgence in The Bahamas. We have seen many countries reopen irresponsibly or prematurely, resulting in a disastrous onslaught of new cases and immense pressure being imposed on already-strained health care services. There is still so much to learn and know about this virus. Every day there are new questions: • Will it mutate into an

even deadlier form? • Will the second wave be worse than the first? • When will we have a vaccine, or an effective treatment—if ever? • Are we headed into a long depression? • Will the financial consequences of “reopening” be even worse than the pain of the shutdown? There are many more questions and concerns that Bahamians and our policymakers have pondered. How do we balance carefully, and correctly, the risks involving our health and safety and the business of tourism that sustains us financially?

Here are three tools that are recommended globally to boost the resolve of businesses to reopen in the ‘new normal’. 1. Plan - Trust your preventive protocols By now every public and private sector organisation has produced a document to outline what social distancing and hygienic practices look like in their respective industries. There is no shortage of information out there to help in framing standards to meet international and Centres for Disease Control and Prevention (CDC) requirements. Now that you have made the investment

TOURISM LAUNCHES ITS MOBILE PLANNING APP

hotels, activities, events and transportation. They also highlight current weather conditions and must-experience destinations and activities on each island. To charter flights, app users can select group size, where they are travelling to and from, and their travel dates, which are then submitted within the app. Within 24 hours, app users will receive flight confirmation times and the total cost for the group, along with the next steps to finalise their bookings. To support visitors taking control of their itinerary, the Ministry of Tourism said the mobile app uses geo-location to help visitors discover restaurants, activities, national parks, historical monuments and other attractions. App users can also unlock a geofencing-generated postcard to share with friends and family upon their arrival to any island in The Bahamas. The Ministry of Tourism said the mobile app is free to download on IOS and Android devices.

Port Authority teams for improved IT skills

THE Ministry of Tourism and Aviation has launched a mobile app, pictured, to help visitors with planning a visit to The Bahamas. In a statement, it said the app’s key features include downloadable island guides; flight charter request processing; and recommendations based on the user’s geo-location within The Bahamas. It also highlights current deals; Bahamas.com blog posts; an interactive map; and suggests activities for adventure, relaxation and romance. Called “The Islands Of The Bahamas”, the Ministry of Tourism said the mobile app features downloadable island guides for all of the country’s 16 inhabited islands. These include details and booking resources for

THE Grand Bahama Port Authority (GBPA) has teamed with a local call centre to develop a workforce with skills required by the sector and wider technology industry. The partnership with itelbpo Smart Solutions is continuing to invest in human capital development through the Contact Centre Education Initiative (CCEI), which has produced graduates achieving certifications in information and communications technology (ICT) programmes for another year. In its fourth consecutive year, the CCEI initiative remains focused on preparing hundreds of Grand Bahama graduates for gainful employment and careers in the Business Process Outsourcing (BPO) sector that features itelbpo. Glendia Sweeting, the CCEI programme coordinator from 2016 to 2020, said: “The Contact Centre Education Initiative is intended to provide 12th grade students with certified training that delivers essential soft skills that

in strategy and resources, trust the plan - including your service recovery and pull-out strategy. 2. Communicate - Share your compliance strategy with everyone A plan is no good if those expected to comply do not. The internal customers, as well as the external ones, need to be in full view of the plan and the expectations placed on them. Good signage and excellent training of persons who will - gingerly and professionally - reinforce those standards is critical at this juncture. 3. Execute With your planning and

they can use across industries, and especially in the Information and Communications Technology (ICT) sector.” The initiative was started in 2016 to address skills development in leadership; customer service; written and verbal communication; problem solving; motivation; interpersonal skills; and creativity. Two years later, e-business; e-commerce; marketing; and social media strategy were added to the programme. “Despite the enormous setbacks caused by Hurricane Dorian at the start of the school year, and with the onset of COVID-19, our CCEI students have made us proud in completing the online course offerings,” said Mrs Sweeting. “Today, we congratulate all students who successfully completed this year’s programme from Jack Hayward High School, Bishop Michael Eldon School and Eight Mile Rock High School.” Derek Newbold, the GBPA’s manager of

preparation complete, it is time to put your reopening strategy into action. Follow these steps to set yourself on the right track for getting back to business. a) Develop a timeframe (be realistic but optimistic). b) Lay out a new marketing strategy (what you did before probably will not work in the new normal). c) Be ready to adapt to obstacles (flexibility is the name of the game, so be ready to change on a dime). • NB: Ian R Ferguson is a talent management and organisational development consultant, having completed graduate studies with regional

business development and Invest Grand Bahama, said: “The Contact Centre Industry, even today, provides a wealth of opportunities for gainful employment and career growth. “The ICT industry, which includes call centres and Business Process Outsourcers (BPOs), employs around 100,000 people in the Caribbean, generating more than $1.5bn annually in revenue within our region. There exists a broad range of employment and career path opportunities within the sector for trained individuals, which is what CCEI offers.” The GBPA attracted itelbpo as the first standalone call centre operation in the country to Grand Bahama in 2013. “Our partnership with itelbpo Smart Solutions remains very timely and this sector, in particular, has the potential to create employment opportunities for many graduating students,” added Mr Newbold. “This programme creates a self-replenishing talent

IAN FERGUSON BY

and international universities. He has served organsations, both locally and globally, providing relevant solutions to their business growth and development issues. He may be contacted at tcconsultants@coralwave.com.

pool for our local industry, which is unique to The Bahamas.” Ian Rolle, the GBPA’s president, said: “Each year, the programme kicks-off at the Principals and Vice Principals association meeting. We are grateful for the continued support of the teachers, who help students navigate through these online classes to gain skills for job market readiness. “Our collective contributions through this programme help to strengthen our value proposition as a destination, making us a more attractive option for contact centre operators and investors.”

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THE TRIBUNE

Friday, July 3, 2020, PAGE 3

Briland resort targeting ‘full’ US holiday marina By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net A HARBOUR Island resort yesterday raised hopes of a rapid boating market rebound by revealing it expects its marina to be full for US Independence weekend. Tyrone Anderson, Valentines Resort & Marina’s general manager, told Tribune Business: “Our opening is going pretty good. We had a few guests come in and we had quite a bit that came on boats.” “We had a total of 20 guests that came in on Wednesday. We had 16 on boats, and we had another four rooms yesterday. We expect about 30 in today [Thursday] and, by July 4, in the marina we expect to be full.”

Mr Anderson added: “By the US Independence holiday we expect to be full in the marina and at least 80 percent occupancy in the rooms. We’re looking good after we had that boat fire on the dock on Saturday. “Everything has been repaired on the docks, and by Wednesday afternoon everything was finished; all of the electrical work sorted out, all of the docks have been repaired, so we’re good to go and we’re ready. “We will be full by July 4. In the marina we are expecting to be full with 51 slips, and in the hotel we are expecting about 80 percent occupancy. I’m looking forward to a good month of July,” Mr Anderson continued. “Right now we are taking things very cautiously because of what is happening in Florida and

in the US, especially with the elections coming up in November. With all of the rallies and all of that stuff, there is a concern that you are probably not going to see any slipping until after the election time. “So we are being very cautious on how we approach moving forward, but my intention is I would like to remain open for the rest of the year if the situation allows it, and if this thing [COVID-19] doesn’t get out of hand and the government has to take stronger measures. Apart from that we are looking to rebound very quickly.” Antoine Mackey, operations manager for the Hawk’s Nest Resort & Marina in Cat Island, said: “People are starting to travel, but it is going to be a slow process. I have a few guests coming in. We have

BAMSI set to hold virtual graduation THE Bahamas Agriculture and Marine Science Institute (BAMSI) will today hold a virtual graduation ceremony for its 2020 class. Dr Raveenia RobertsHanna, BAMSI’s executive director and college head, said: “While the day will not be the same as our ceremony in Andros, we worked very hard to capture the essence and the spirit of our on-campus ceremony onto a virtual platform.” The 2020 ceremony marks the fifth graduation BAMSI has held. This year, there are 13 graduates who come from islands across

BAMSI Chairman Stephen Turnquest, left, and Executive Director Dr Raveenia Roberts-Hanna (right). the archipelago. Nine of the graduating class are marine science majors, the largest number to graduate to date. The other degree holders come from the agriculture, aquaculture and environmental science programmes. “We are, of course, excited to be a part of this

academic chapter in the student’s lives in preparing them for this moment so they can go forth and bring the necessary change that is needed in The Bahamas,” Dr Hanna said. Michael Pintard, minister of agriculture and marine resources, will be the keynote speaker for

a marina here and these guests are just coming in to check on their vessels. “Our hotel and restaurant is partially closed and we plan to reopen in November. The marina is open, so I have some boats coming in now but nothing major.” Juliet Leadon, managing director of the Andros Island Bonefishing Lodge, said: “We don’t have any guests at the moment. There is a possibility that we may have some come in today, but since the whole world shut down everything took a nosedive. But today we should have about eight guests coming in. “If they come in as planned we would have them for about two weeks, and then that is it until November. After the guests have left in the next two weeks we plan to close up the resort until November.” the ceremony. Presenting the degrees will be BAMSI chairman, Stephen Turnquest. Beyond the graduation, BAMSI said it is also ramping-up for the upcoming semester aided by the government’s free tuition grant. “We are grateful for the government’s continued support of BAMSI through its free tertiary grant, which means that academically qualified students who have financial challenges are now afforded the opportunity for free tuition, so we are anticipating that many high school graduates and others will take advantage of the opportunity,” Dr Hanna said. Student registration is still ongoing as BAMSI’s admissions team continue to work with all relevant stakeholders. “We do understand that we are working in a COVID-19 environment, so we want to make their transition to

Travel consultancy turns to Bahamian tours focus By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net A LOCAL travel consultancy yesterday said it was focusing on its “Bahamian Bucketlist” package of Family Island experiences for the remainder of 2020. True Love Travel, a boutique travel consultancy in the Bahamas, explained that it has launched its 2020 Bahama Islands group experiences with trips planned for Long Island, Eleuthera, Cat Island, Andros, the Berry Islands and even a New Providence staycation. It has cancelled all international trips due to the COVID-19 pandemic. Cutelle Neymour, its proprietor, told Tribune Business yesterday: “We have been getting a lot of requests for the trips. We’re scheduled for next week Thursday with six persons, and we launched our Eleuthera package two days ago. “We will just be doing Bahamas Bucketlist tours; we won’t be doing any international travel until 2021. We have postponed all of our international trips for this year.” Ms Neymour added: “So we’re thinking local to take advantage of traveling within The Bahamas. For us, we are just trying to create unique

experiences where persons feel like they are not necessarily at home, but they are abroad and just taking advantage of being at home. “We had five international tours planned for this year. We were going to Bali in Phucket, we were going to Greece, we were going to Kenya and Tanzania, to Brazil and to Mexico. But we are just going to focus on the ‘Bahamas Bucketlist’ and that would take us on to next year as well because we hope this is something that we can keep moving forward to visit one island per month.” True Love Travel’s services include travel consultations and customised trip planning for honeymoons, solo travel or group experiences. Given the ongoing COVID-19 uncertainty, and with persons apprehensive about travelling abroad, the company said it had decided to grasp the opportunity to explore The Bahamas and tick-off all possible experiences locally. It added that the group trips were ideal for persons who wanted to explore The Bahamas but do not have the time to do all the scheduling and leg work for creating a seamless vacation to their island of choice.

the campus as seamless as possible. We are ready to welcome them to the next chapter of their lives,” Dr Hanna said. During the upcoming semester, BAMSI will add five new courses to its programme offering, several of which go beyond the scope of agriculture and farming, and will enable the Institute to cater to a wider audience.

“We do have a crosssection of programmes, business management, art and the environment, animal science, general agriculture and agronomy,” Dr Hanna said. For graduates, BAMSI has also forged close relationships with international tertiary institutions to make it easy for students to transition to the bachelor’s degree level once they have completed their programme.

PAGE 4, Friday, July 3, 2020

‘Beyond egregious’: Ex-contractor chief hits Mexican arrival FROM PAGE ONE

venturing preventing the latter from learning skills and behaviour that would close this output. “It’s our own fault. We have nobody but us to blame,” Mr Wrinkle told Tribune Business, as growing controversy mounted over yesterday’s arrival of the Mexican workers in The Bahamas via a chartered Bahamasair flight. Around 135 had been expected to come, and their presence aroused great interest as photos and videos showing their airport arrival were circulated widely on social media. The situation generated strong passions and emotive responses, with many questioning why the Mexicans were needed when there are so many Bahamians unemployed. “It vexes my mind. This one is beyond egregious,” Mr Sands told Tribune Business. “It’s beyond egregious because in the wake of Dorian thousands of persons were laid off on that island and the surrounding cays, and in the wake of COVID-19 thousands of Bahamians are unemployed

and walking Nassau’s streets.” He argued that construction, which Department of Statistics data shows employed just under 20,000 persons pre-pandemic, was one of the few industries with the ability to absorb some of the present 30-40 percent unemployment rate - especially among semi-skilled and unskilled workers. Yesterday’s Mexican arrivals represent at least some of the expatriate labour Baker’s Bay had obtained work permit approvals for late last year. They had been expected to arrive earlier to kick-start the development’s post-Dorian rebuild, but that was delayed by COVID-19 and the global borders shutdown. Tribune Business understands that Baker’s Bay had originally applied for as many as 500 work permits, but the Minnis Cabinet via the National Economic Council - approved only 300, and directed the Ministry of Labour and Immigration Department to complete the process of issuing them. Dr Livingston Marshall, Baker’s Bay’s senior

Bungled Netflix trade to cost Ansbacher $317k

FROM PAGE ONE

decision not to add UBS (Bahamas) meant Ansbacher (Bahamas) had effectively “abandoned its shield” and left itself “defenseless” as only it could be held liable for his client’s loss if the judge found in their favour. Justice Charles recorded that Mr Chromik established his account and trading relationship with Ansbacher (Bahamas) on July 1, 2011, with the 4,000 Netflix shares and other stocks/assets deposited into it. The Netflix trading bungle was sparked when, “unbeknown” to the UK investor, Ansbacher (Bahamas) instructed UBS on August 15, 2011, to sell 2,000 of the Netflix shares. These were purchased by the investment house, Jeffries & Co, before Ansbacher (Bahamas) instructed UBS (Bahamas) to cancel the sale instruction. However, this happened after the trade had already cleared and settled, which forced Ansbacher (Bahamas) to order that they be repurchased. “Therefore, Ansbacher, a prudent banker, ought to have been aware that there were 4000 shares,”

Justice Charles found. “On 26 August, 2011, Mr Chromik gave written instructions to Ansbacher to liquidate all securities held to his credit in the account. “Although he did not specify the exact number of shares, it is common ground between the parties that Mr Chromik had 4,000 shares in Netflix which was held by Ansbacher. Pursuant to his instructions, Ansbacher, on the same day, instructed UBS to sell the securities held to its credit..... which included the 4,000 Netflix shares.” Upon receiving the e-mailed instruction from Ansbacher (Bahamas), UBS replied that “the only discrepancy is that we calculated the long position of Netflix as 2,000 rather than 4,000”. Justice Charles added: “Without making any checks of its own records and, within 12 minutes, Ansbacher replied ‘thank you George’” in reference to UBS (Bahamas) George Maillis. “Shortly thereafter, 2,000 shares were sold at a price of $465,176.05 ($232.9425 per share). It is indisputable that, as of that date, 4,000 Netflix shares were available for sale and should have been sold,” Justice Charles found.

THE TRIBUNE vice-president for environmental and community affairs, yesterday declined to comment on the growing controversy but said he would respond today. He had told Tribune Business earlier this year that Baker’s Bay’s developer, Discovery Land Company, was seeking to hire the Mexicans to help lead reconstruction at the luxury Guana Cay-based development. Defending the move, he said the developer was hoping their specialist skills will provide a boost in rebuilding what was the socalled “anchor project” for north Abaco. The Mexicans were said to have performed similar services for other Discovery Land Company properties hit by storms in Mexico and Central America. Dr Hubert Minnis recently told Parliament that Baker’s Bay, which was devastated by Dorian’s category five winds and storm surge, planned to invest some $400m to rebuild over a three-year period. He added that 80 percent of the present construction workforce (before the Mexicans’ arrival) was Bahamian. Local construction industry professionals, speaking to Tribune Business on condition of anonymity, said there were multiple local contractors present on Great Guana Cay such as SMG and Caribbean Landscaping.

Those executives backed Baker’s Bay’s stance that there are simply not enough Bahamians with the skills required to restore the multi-million dollar properties of a resort and private members’ club. Mr Sands, though, argued that “there’s no test” applied by the government or any of its agencies to determine whether the skills needed by Baker’s Bay are already present in The Bahamas, and whether such a large quantity of expatriate labour is necessary. “We only have the word of the person bringing them in,” the ex-BCA president said. “They may be very skilled, but I argue that we can find the same skills in The Bahamas. “I do not know how we came to this place, but this place is a bad place to be. I’m very disappointed that the BCA did not raise the flag strongly enough, hard enough, to object to this move. I would have done that if I was in the chair. This is unacceptable, unacceptable.” Advocating that the government prioritise job creation for Bahamians first amid COVID-19’s fall-out, Mr Sands said it should not even have required a second look for the Cabinet to instruct Dion Foulkes, minister of labour, and Elsworth Johnson, minister with responsibility for labour, to halt the Mexicans’ arrival. “The wages they receive, every single week until

they leave, will largely be repatriated,” Mr Sands said. “Only ten percent will stay in The Bahamas. If we have 300 Bahamians working, by the time those wages have finished circulating in the economy, you’re talking about 300,000 being affected. “There is a need for work permits to be granted in certain positions but the purpose of them being granted is to transfer skills. Who are the 300 Mexicans working together going to transfer their skills to? “It is an abuse of our work permit system. The next project will use that as a precedent, and the next one. When will the skilled Bahamian worker have an opportunity to earn a wage in the Commonwealth of The Bahamas? That’s the question I’d like to have an answer to. “That’s a question to ask the prime minister and minister of labour. They find all sorts of reasons this is acceptable, but this is not. We have to change this behaviour because it vexes my soul.” Mr Wrinkle, though, argued that Bahamians themselves must share responsibility for the controversy over the Mexicans. “This is a direct result of not managing the construction industry and enabling the BCA to properly train industry participants,” he argued. “The government has never really mandated joint

venture partnerships. What happens is that the less we participate in these projects, the less we know about them and the trades and skill-sets required, and the less prepared we are to participate in future. “It’s really a catch-22. We don’t have the skilled trades people because we don’t participate in these projects, and when the developer wants labour we don’t have a ready pool available. That’s one part of the problem,” Mr Wrinkle continued. “Another aspect is that the Mexicans, Chinese and Filipinos are extremely productive workers, and out-produce our workers all the time. To deal with that, the idea was the blending of the workforces so that Bahamians picked up on productive traits. “This is why we are where we are. It’s been the same way for 30 years. It happens over and over again until a policy change is made at the highest levels of government, and they recognise the BCA as the entity to licence and control the industry, and FDI projects train the workers when they come.” Mr Wrinkle argued that Baker’s Bay was “between a rock and a hard place” in needing to rebuild rapidly amid the constraints of available skills in the local workforce. “It’s our own fault. We have nobody but us to blame. We cannot blame the foreigners for wanting to expedite their rebuilding,” he said.

No Netflix shares were shown as being held when UBS sent Ansbacher (Bahamas) the August 2011 portfolio statement for Mr Chromik’s account, with the share sale proceeds credited to the investor. However, the September 2011 “statement of account” showed that 2,000 Netflix shares remained. Ansbacher (Bahamas) demanded an explanation from UBS, which said the earlier sale to Jeffries & Co had been reversed but not recorded in its system until September 2 - days after the August portfolio statement was sent. Ansbacher (Bahamas) demanded that Mr Chromik’s account be credited with $465,306 in cash from what it thought was the proceeds of 4,000 Netflix shares, but UBS responded that it was still holding 2,000 shares and awaiting instructions on whether to liquidate or hold them. The UK investor was only informed of what had occurred in late September 2011, with the reversal of the anticipated $465,306 cash injection into his account - due to the fact only 2,000 shares were sold - resulting in it becoming $34,292 overdrawn - which Ansbacher (Bahamas) demanded be “settled immediately”. After a month-long series of requests in April and May 2012 for the remaining shares to be sold, the final

2,000 “were sold at a substantially diminished value of $148,495.35 ($74.25 per share)”. “Between August 2011 and May 2012, the price of the Netflix shares fell, and the loss occasioned by the failure to sell the additional 2,000 Netflix shares in August 2011 is $316,680.70; the sum which is being claimed by Mr Chromik,” Justice Charles noted. “Mr Chromik insisted that Ansbacher was not only negligent in failing to sell the shares but it exacerbated the problem by failing to disburse funds due and owing to him, which caused him to lose his townhouse and $316,680.70 since the remainder of the shares were sold at a significant undervalue.” Carlton Mortier, Ansbacher (Bahamas) former managing director, testified that “there was not much” it could have done in the 12 minutes between instructing that the 4,000 Netflix shares be sold - and UBS (Bahamas) reporting the discrepancy with its records - to launch an investigation. While acknowledging that Mr Chromik should be compensated for his trading losses, he argued that UBS (Bahamas) should be held liable and not Ansbacher (Bahamas). Luther McDonald, Ansbacher’s attorney, argued that Mr Chromik’s “day trading” activity resulted in many more trades being

conducted on the account than anticipated by the parties’ relationship, but Justice Charles said this had no bearing on the claim. “Ansbacher was under a duty to ensure that the 4,000 Netflix shares were sold. When the discrepancy was raised by UBS, one would have expected a professional banker like Ansbacher to embark on an immediate investigation of the matter with a view to resolving the discrepancy instead of submissively responding ‘thank you George’,” she found. “The starting point should have been for Ansbacher to carry out an investigation of its own records rather than relying exclusively on the representation from UBS. It was clear that Ansbacher did not conduct any searches of its own records. It could not have done so, in twelve minutes, according to Mr Mortier. “Therefore, the first omission on the part of Ansbacher is that it failed to carry out its own internal searches and/ or contact Mr Chromik to obtain further instructions. This is not the standard expected of a bank of the ilk of Ansbacher.” Justice Charles found that Ansbacher (Bahamas) should have been alerted when it received the monthend August statement, which did not reflect its instructions, and only reacted when this was brought to its

attention by UBS. “It is clear that the conduct of Ansbacher was a very marked departure from the standards of responsible and competent people, as it knew or ought to have known, recalling the material in its possession, that there was a failure to carry out the instructions given by Mr Chromik before October 2011 when it stated that it became aware of the failed sale,” Justice Charles ruled. “In my considered opinion, it is not sufficient for Ansbacher to simply say that it discharged its obligations to Mr Chromik by simply relaying the sell instructions to UBS. Ansbacher’s primary obligation, in my view, was to ensure that Mr Chromik’s sell instructions were carried out accordingly and as soon as possible...... “In my opinion, the failure of Ansbacher to resolve the discrepancy conclusively and promptly against its own records - and even to obtain further instructions from Mr Chromik - fell markedly below the standard expected of a professional and competent bank. In fact, the problem started with Ansbacher not checking its own records but took the representation by UBS as conclusive.” With interest added to the $316,680 award, Ansbacher (Bahamas) will likely have to pay Mr Chromik close to $400,000.

THE TRIBUNE

Court to supervise Cavalier’s wind-up FROM PAGE ONE permanently and had already terminated its 54-strong staff. “During the Extraordinary General Meeting it was determined that it was advisable to wind-up the company due to the fact that the company was insolvent or likely to become insolvent and could not continue to carry on its business,” Mr Davies said in the winding-up petition. “The petitioner [Mr Davies] has carried out a preliminary investigation into the affairs of the company, including an examination of the books and records of the company, and is of the view that the company is likely insolvent and therefore required

to be wound-up under the supervision of the court.” Few other details have yet been made available. Mr Davies and his coliquidator, fellow Crowe (Bahamas) accountant and partner, Kendrick Christie, will now have to inform all interested parties of Cavalier’s court-supervised winding-up and initiate a process for creditors to submit their financial claims against the company. Tribune Business understands that FirstCaribbean International Bank (Bahamas) is the secured creditor and will head the queue, followed by the Government with its taxes and the employees. The bank is thought to have a lien over the contractor’s Crawford Street property in Oakes Field,

Bahamas First provides $65m boost to BISX FROM PAGE ONE

liquidity and price discovery through BISX’s more “transparent” trading platform. He added that it would also provide a platform for the company to raise additional financing in the future should the need arise, while the move would also open Bahamas First to investment by pension funds and other institutional investors whose rules restrict them to publiclytraded companies. Bahamas First’s 36,511,589 ordinary shares will begin trading at $1.63 on BISX today, with Mr Ward acknowledging that the listing’s timing was delayed by a combination of Hurricane Dorian and COVID-19. “I think there’s no question that having a BISX listing provides our shareholder base with more liquidity in the trading of their shares,” Mr Ward told this newspaper, “and there’s no compelling reason not to list at this point. “I think the fundamentals

of the company are pretty strong, and over time the value of Bahamas First will be better served and realised because the shares are on a more transparent trading platform. “Those are the initial benefits that come from just having the ability to have a more transparent trading platform for listing their shares, and potentially more liquidity from being on a more open trading platform.” Mr Ward said price discovery and liquidity for Bahamas First investors, seeking to determine a price for their holdings and sell/buy, were not as efficient in the over-the-counter market. Suggesting that the yields on Bahamas First’s $5m worth of preference shares, and $7.616m bonds, should prove attractive to investors, Mr Ward added: “We don’t have any plans to issue additional shares, but in the event that were necessary it does give us an opportunity to use BISX’s platform to do so.

Friday, July 3, 2020, PAGE 5 while the heavy-duty construction equipment that it and Bobcat (Bahamas) owned represents another potential source of recovery for creditors once it is sold. Cavalier, in an earlier statement explaining its demise, admitted it had effectively been “cut out of the market” by the growing tendency of developers/investors to rely on construction management firms to oversee their projects. These firms, Cavalier explained, tended to divide the construction work into “smaller packages” and then share it among multiple contractors and sub-contractors who often performed specialised tasks. As a result, the Bahamian construction market had shifted away from relying on one general contractor to perform all the necessary work. Cavalier’s statement revealed that its business had been declining for several years as a result,

leaving it unable to sustain its large workforce and high overhead costs. It cited a “significantly reduced turnover/workload” as the primary factor behind the decision to close its doors for good, and blamed its inability to restructure/ downsize on the Employment Act’s prohibitive redundancy costs. “The situation we find ourselves in now is primarily the result of the significantly reduced turnover/workload for the company, which we have been experiencing now for a number of years,” Cavalier said in January 2020. “There has been a change in the construction market in the country, whereby the bigger projects previously carried out by the larger local general contractors, such as ourselves, are now typically carried out under construction management contracts. “Under these arrangements, developers and owners employ a construction management team

who then sub-contract smaller packages of work to contractors/sub-contractors. This business model effectively cuts the traditional general contractor out of the market,” Cavalier continued. “Allied to this, as a company having a number of long-standing employees, we have simply not had the cash reserves needed to restructure our operations due to the significant financial cost/liability associated with this exercise as set out in the employment legislation.” Cavalier’s explanation for its inability to downsize accordingly as business levels fell was also cited by Taylor Industries, the electrical contractor and appliances retailer, as one of the factors that drove its early 2019 closure and subsequent court-supervised liquidation - also being handled by Mr Davies. Cavalier Construction was founded in 1956 by the late Godfrey Lightbourn and Eugene Pyfrom, who

were 50/50 partners. They sold the business in the early 2000s to a management-led buyout, which was headed by late managing director, Richard Wilson. Mr Wilson, who joined Cavalier in 1973 as chief estimator, was promoted to vice-president in 1989 and served as its managing director from 1989 until May 2018, when he stepped down due to ailing health. His passing was announced almost a year ago in late January 2019. It is unclear why Cavalier hit difficulties so quickly following his death, but other senior management figures also departed the company shortly afterwards. Stephen D’Alewyn, its former chief financial officer, left on August 23 last year according to his Facebook and LinkedIn pages. Among Cavalier’s major jobs in The Bahamas have been Albany, Bayroc, the Atlantis Convention Centre, Caves Point and the Nassau Straw Market.

“For institutional investors that have a requirement for a listing on a recognised exchange, it gives them an opportunity to consider holding Bahamas First ordinary shares because now we meet that requirement. Pension funds, in particular, have restrictions on holding shares in companies that are not part of a recognised exchange.” Keith Davies, BISX’s chief executive, told Tribune Business that Bahamas First’s $60m worth or ordinary shares - and $5m in preference shares - will add a total $65m in market capitalisation as measured by BISX’s AllShare Index. He added that Bahamas First had been “quite enthusiastic and gone all-in” to list on the exchange once

the decision was made. It represents the first ordinary share listing on BISX since Arawak Port Development Company’s (APD) initial public offering (IPO) in 2011. Mr Davies described Bahamas First’s move as “a shot in the arm” for BISX, and voiced optimism that it would show other companies the “viability” of listing on the exchange and creation of “a benchmark for additional funding in the future”. The move also provides investors with greater investment choices and options. “The listing process for Bahamas First was unique in that the entire process took place remotely due to the social distancing measures put in place due to the COVID- 19 pandemic,” Mr

Davies added. “This was a unique listing process given those circumstances, but Bahamas First and BISX were able to communicate effectively and complete the process. “We believe that Bahamas First made the wise decision to move its securities to the regulated BISX market, and we look forward to a truly beneficial continued relationship with Bahamas First.” Alison Treco, Bahamas First’s chair, added: “Our

listing on BISX has been a consideration for several year, and has now become a significant milestone for us as we begin our next phase of growth and development as a publicly traded and listed company. “While we do not intend to issue any additional shares at this time, we believe that this move will facilitate an open trading platform that will provide increased liquidity for our existing shareholders while enhancing Bahamas First’s visibility in the capital markets.”

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL The Public is hereby advised that I, ROCHELLE VENERA NICOLE WILSON of the Eastern District Nassau, The Bahamas, mother of JAEDA AKALA ADDERLEY A minor intend to change my child’s name to JAEDA AKALA CURRY If there are any objections to this change of name by Deed Poll, you may write such objections to the Deputy Chief Passport Officer, P.O. Box N-742, Nassau, Bahamas no later than thirty (30) days after the date of publication of this notice.

MARKET REPORT (242) 323-2330

(242) 323-2320

ALL SHARE INDEX: CLOSE: 2,097.15 | CHG: -27.64 | %CHG: -1.30 | YTD: -134.45 | YTD%: -6.02 BISX LISTED & TRADED SECURITIES 52WK HI 4.24 22.65 7.00 6.75 2.50 2.00 5.47 12.77 6.16 4.50 8.59 3.64 5.10 10.88 8.44 16.99 9.40 4.25 15.21

52WK LOW 3.15 20.91 5.50 5.39 1.78 0.67 2.00 11.05 5.60 3.62 5.33 2.53 2.20 8.00 7.10 13.04 8.00 3.20 13.90

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 Emera Incorporated Famguard Fidelity Bank Finco Focol J. S. Johnson

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

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 Fidelity Bank Class A Focol Class B

CAB6 CAB8 CAB9 CAB10 CHLA FBBA FCLB

PREFERENCE SHARES

1.00 10.00 1.00

1.00 10.00 0.90

CORPORATE DEBT - (percentage pricing) 52WK HI 100.00

52WK LOW 100.00

115.92 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 102.00

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

52WK HI 2.31 4.40 2.10 198.39 168.29 1.69 1.85 1.77 1.24 8.34 10.26 7.08 12.15 12.71 10.81 10.00 8.98 11.79

52WK LOW 1.67 3.30 1.68 164.74 116.70 1.64 1.77 1.72 1.07 6.41 7.62 5.66 8.65 10.54 9.57 9.88 8.45 11.20

SECURITY Fidelity Bank Note 22 (Series B) +

SYMBOL 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: 2015-6-7Y BGS: 2015-6-30Y BGS: 2015-10-3Y BGS: 2015-10-7Y

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

BAHAMAS GOVERNMENT STOCK - (percentage pricing)

MUTUAL FUNDS

MARKET TERMS

LAST CLOSE 3.17 17.43 6.00 6.75 1.78 1.62 2.76 11.26 6.16 4.00 5.92 3.00 5.10 9.62 8.44 14.50 8.97 3.84 15.20

CLOSE 3.17 17.43 6.00 6.75 1.78 1.62 2.76 11.26 6.16 3.85 5.33 3.06 5.10 9.81 8.44 14.50 8.97 3.84 15.20

CHANGE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.15 -0.59 0.06 0.00 0.19 0.00 0.00 0.00 0.00 0.00

1000.00 1000.00 1000.00 1000.00 1.00 10.00 0.90

0.00 0.00 0.00 0.00 0.00 0.00 0.00

LAST SALE 100.00

CLOSE 100.00

CHANGE 0.00

107.31 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

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

107.31 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

VOLUME 109 401

10,140 1,000

250

VOLUME

FUND CFAL Bond Fund CFAL Balanced Fund CFAL Money Market Fund CFAL Global Bond Fund CFAL Global Equity Fund Leno Preferred Income Fund Leno Growth Fund Leno Diversified Fund Leno 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 Colonial Bahamas Fund Class D Colonial Bahamas Fund Class E Colonial Bahamas Fund Class F

NAV 2.31 4.39 2.10 192.52 145.55 1.69 1.81 1.77 1.07 8.30 9.90 7.08 11.27 12.71 10.23 N/A 8.31 10.01

BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00

YIELD - last 12 month dividends divided by closing price

EPS$ 0.239 0.932 1.760 0.369 0.070 0.000 -0.438 0.722 0.449 0.184 0.140 0.102 0.467 0.646 0.728 0.816 0.939 0.203 0.631

DIV$ 0.170 1.260 0.000 0.260 0.000 0.020 0.000 0.720 0.220 0.120 0.000 0.434 0.060 0.328 0.240 0.540 0.200 0.120 0.610

P/E 13.3 18.7 N/M 18.3 N/M N/M -6.3 15.6 13.7 20.9 38.1 30.0 10.9 15.2 11.6 17.8 9.6 18.9 24.1

YIELD 5.36% 7.23% 0.00% 3.85% 0.00% 1.23% 0.00% 6.39% 3.57% 3.12% 0.00% 14.18% 1.18% 3.34% 2.84% 3.72% 2.23% 3.13% 4.01%

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

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

INTEREST Prime + 1.75%

MATURITY 19-Oct-2022

6.95% 4.00% 4.25% 4.25% 4.50% 4.50% 6.25% 6.25% 4.00% 4.50% 6.25% 3.50% 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-2022 26-Jun-2045 15-Oct-2018 15-Oct-2022

YTD% 12 MTH% 1.04% 3.87% 0.61% 2.93% 0.50% 2.50% -1.34% 2.23% -12.71% -5.79% 1.88% 3.90% -2.26% 2.49% 0.76% 3.56% -11.03% -8.03% -0.45% 8.36% -3.20% 11.46% 2.10% 5.15% -6.17% 3.54% 2.92% 5.55% -4.66% -3.81% N/A N/A -10.90% -4.30% -18.80% -12.00%

NAV Date 31-Mar-2020 31-Mar-2020 27-Mar-2020 31-Mar-2020 31-Mar-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-Mar-2020 31-Mar-2020 31-Mar-2020

52wk-Hi - Highest closing price in last 52 weeks

Bid $ - Buying price of Colina and Fidelity

52wk-Low - Lowest closing price in last 52 weeks

Ask $ - Selling price of Colina and fidelity

Previous Close - Previous day's weighted price for daily volume

Last Price - Last traded over-the-counter price

Today's Close - Current day's weighted price for daily volume

Weekly Vol. - Trading volume of the prior week

Change - Change in closing price from day to day

EPS $ - A company's reported earnings per share for the last 12 mths

Daily Vol. - Number of total shares traded today

NAV - Net Asset Value

DIV $ - Dividends per share paid in the last 12 months

N/M - Not Meaningful

P/E - Closing price divided by the last 12 month earnings

TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | COLONIAL 242-502-7525 | LENO 242-396-3225 | BENCHMARK 242-326-7333

NOTICE is hereby given that NEAL WATSON II, of Queens Highway, Buccaneer Point, Bimini, Bahama 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 26th day of June, 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

EMPLOYMENT OPPORTUNITY Ambulatory Medical facility in Freeport is seeking, Qualified and Registered Pharmacist with a minimum of 5 years experience.

www.bisxbahamas.com

THURSDAY, 2 JULY 2020

NOTICE

Contact Human Resource Manager 373-7400 ext. 235 or accounts@lucayanmedical.com

June 30th, 2020

July 30th, 2020

PAGE 6, Friday, July 3, 2020

THE TRIBUNE

5 11

arrow-word Arrow-words are like crosswords, but the clues are printed inside squares on the grid. Write your answers in the blank squares in the direction indicated by the arrows. Solution tomorrow

BLONDIE

N Y R W Q X H R U S G J T B I

Y I S J V E I S E E P M W J Q

O T H Q M H N R T I Z E V N C

C P Q C I U W A F E D O A N Z

E D L A N O D C M W W H H I N

S C J T N I A P A X G A G G M

Y S U F A L M R D A A U R H K

R I R R L U D X N D R P G T A

Neat

James Cameron film

Curled shape

Snake-like fish

Malay dish

H L W K B S S R C U Q J W I P

P V I F Q H U T M O I R O N L

M E B D C M T U I X T D N G I

U R S K J F R Y S N C V S A N

H T Q J G T U R N B U L L L S

V O Z R H H T R O W A R G E K

Genetic code (1,1,1)

Small child

CARPE DIEM

I N A Y T S D H A I G A L A Y

Male Actor, _ McGregor

Club Type of shoe

Parts of a circle

Flowers

Type of radish Landlord

Mythical bird

El _, mythical city

First

Art _, design style

Country (1,1,1)

_ Blair, US actress

arrow-word

Black squares: 3, 7, 10, 12, 13, 15, 18, 19, 23, 25, 27, 32, 34, 37. across: Private, School, Overlap, Jumper, Hoaxer, Twice, Coypu, Zombie, Unmask, Farrago, Random, Deplete. down: Phony, Acquire, Ideology, Mink, Excursion, Thaw, Braze, Faze, Accustoms, Coup, Initiate, Alarmed, Bloke.

across: Legion, Edge, Zone, Cant, Ali, Ouse, Earn, Tad, Hasp, Ego, Anon, Arsenal, Land, Creation, Ivy, Pets, Speed, Ewes, Odd, Insane, Spa, Belly, Sombre, Ltd, Bee, Tepee, Retype, Had. down (left to right): Air, Rip, Niobe, Agencies, Stevens, Met, Idea, Apse, Aye, Abbey, Jog, Nor, Nut, Doner, Neptune, Delete, Galloped, Eton, Anew, Sylph, Own, Temp, Tea, Dan, Diss, Aided. Shaded letters: Jonathan Smith

CALVIN & HOBBES

across: When, Joyrider, Reflect, Named, Ranch, Island, Beware, Sunset, Clique, Imago, Ozone, Meeting, Pregnant, Deny. down: Wardrobe, Soap, Elfin, Welcome, Lecher, Queen, Obtain, Vermin, Renal, Unisex, Demands, Alike (clue), Rude, Strongly.

Principle in Chinese philosophy Return from space

Otherwise Rodent

Quality, air

Vehicle

Aged

Karate and judo, eg. (7,4)

Former Russian ruler

Daily Express Monday, April 20, 2020

Puzzles Part of the mouth

This day Drunk

Has to

Untruthteller

More unwell

tV croSSword across: 5 Evan, 7 Gloria, 8 Delia, 11 Helen, 12 Feel Good, 13 Glee, 15 Ashe, 16 Blanche, 17 Star, 18 Shayne, 21 Last, 22 Road. down: 1 Blue, 2 Bianca, 3 Pete, 4 Katona, 5 English, 6 Anne, 9 Of the Apes, 10 Ideal, 14 Lenny, 17 Syal, 19 Her, 20 Ned. tV show: The Nest

Pass by

CRUSADER PRIZE CROSSWORD First man

1 2 1 1 6 7 2

SMall croSSword

Flatford Mill, The Cornfield, The Hay Wain.

TARGET

across: 1 Petroleum, 7 Axle, 8 Sixty, 10 His, 11 Sentry, 13 Procedure, 14 Teaser, 16 Rim, 18 Tress, 19 Else, 20 Sentences. down: 1 Passports, 2 Expert, 3 Rent, 4 Lip, 5 Exhaust, 6 Mysteries, 8 Streets, 9 Snowmen, 12 Crease, 15 Amen, 17 EST.

clock-wiSE Alto, Tofu, Fuel, Elba, Bare, Real

QuiZ of thE wEEk 1 Seven 2 Eight 3 Two 4 One Direction 5 Four 6 Fun Boy Three 7 Five 8 Nine 9 Six 10 Bo Derek

E t D Ac l i u E

croSS douBt across: ALIGN down: POUND

Angry

Scottish loch

Before (poetic)

1 2 DOWN Each Hot drink Cunning 1 Sport doctor points to wise man (8) 2 Precipitation – managed to Crafts 10 catch one drop (8) 3 Drink to a play... (5) _ Gallagher, 5 ...and be dishonest about British singer one drink being another (7) 12 6 Mixing mocha, suet and A minor road some hair (9) 7 In France, you darn ensemble – it’s always 14 frozen (6) 8 Team gets time right, and pace (6) MEdiuM Sudoku difficult Sudoku 9 Expert about to start 18 3 8 9 1 6 7 5 2 4 decline (6) 15 Misplace a convertible – 6 4 2 5 3 8 9 1 7 22 21 7 1 2 9 4 3 8 6 that’s a delivery problem5 (9) 1 2 6 3 7 9 4 5 8 16 Cherish rate review – why 23 7 9 4 8 5 1 2 6 3 not? (8) 17 Puts out some paper 8 3 5 4 2 6 1 7 9 nearer the source (8) 2 6 7 9 4 5 8 3 1 19 Performer putting keys4 5 8 725 1 3 6 9 2 9 1 3 6 8 2 7 4 5 against lock (7) 20kakuro A foreign professor finds kEijo energy is not attached (6) 21 Looked contented to exist 9 (6)2 1 4 227 3 1 by a2sea 5 7 charge 8 1 4 (6) 2 3 6 22 Fixed 1 3 2being 3 1 2 quiet 2 3 1 4 24 Cheerful, very 1 grass 2 1(5) 2 in the

3x7=21, 6+4=10, 9x3=27

MuddlESoME

View

Girls

_ Diesel, pictured

acrOss Former Celestial body Dutch 1 Mock scripture lessons currency Disgusted within Germannoise domains (6) 4 Calm site organised for climber (8) 10 Country Oilshowing European motorway Units ofspeed (7) heat 11 Sad attendant more upset about vase (7) 12 Like this, fellow returned excellent capital (5) 13 Woman let off socialist as it was (9) 14 Jason’s goal, a prosperous swindle (6,6) Sudoku EaSy MENtathloN aNSwEr 18 Entreaty certain to Monks blunder in journey (8,4) 23 Reckoned friend shuffled ditloidS diets around (9) 1 Loop on an Ankh, 3 Coffins in artist has 24 The Tutankhamun’s Tomb, 3 Pyramids compassion (5) and 1 Sphinx at Giza, 4 Children to 25 As in it’s horrid inside, this Cleopatra, 7 Egyptian Galleries writer becomes a the British Museum. painter (7) 26 Divine character triVia wordSEarch new record with 1 Phoenix 2 Orlando 3 Dallas producing BattlEShipS melody (7) 4 Albany 5 Memphis 6 Charleston 7 Austin 8 Norfolk 9 Charlotte 27 Awkwardly scaled 10 Richmond staircase’s edges, having fallen (8) SuMthiNg 28 School solved my clue (6)

Cares

DX1 Common garden bird

Disembarked

Instill

Greek letter

wordS

Resolve

Biblical prophet

Friday’s solutions HAGAR THE HORRIBLE

thE alphaBEatEr

Type of window

Goes awry

Repulsiveness

MARVIN

David _ George, statesman

The same

ALAGIAH ● AUSTIN ● BRUCE ● EDWARDS GURU-MURTHY ● HUMPHRYS ● KAPLINSKY MCDONALD ● MINCHIN ● MURNAGHAN NIGHTINGALE ● PAXMAN ● RAWORTH ● REID SILVERTON ● SNOW ● STEWART ● TURNBULL

thE alphapuZZlE

Lily _, pictured Oxygenate

Conform

Find all the newsreaders listed below in the grid. Solution tomorrow

TIGER

Martin _, star of The Hobbit films

Paddle boat

Sideways

Abducted

Dick _ _, US actor (3,4)

wordSEarch JUDGE PARKER

Speaker

Modern Persian language

Quick croSSword ● The

Target across: 6 Mistake; 7 Nasty; 9 Shape; uses 10 Doughty; 12 Prohibition; 14 in Mollycoddle; 18 Uncover; words 19 Pilot; the main 21 Screw; 22 Diverge. Down: 1 Fight; of 2 Stupor; 3 Sky; 4 Target;body 5 Station; 8 Forbade; 11 Checked; 13Chambers Cornice; 21st 20 Sin. 15 Loosen; 16 Loiter; 17 Tough; Century Dictionary (1999 edition)

3 1 2 2 1 7 1 5 4 3 8 2 1 1 9

4 9

1 4 2 3 THE ALPHABEATER

targEt cAn you crack the Alphabeater? Each grid liQuoricE cirquea clique number represents letter –cliquier or black square. clue cole core cruel cure curie As ecru in Alphapuzzle, every of the alphabet euro icier lice lieuletter LIQUORICE is used. Butlucre you have to complete the grid too! lire lore lure oiler oilier oriel recoil letters relic rice rielblack rile squares role usequire the given and below rule ulcer theroque grid to start. the grid is ‘rotationally symmetrical’ – in other words, it looks the same if you turn the page upside down. Solution tomorrow

Extra

0907

(Deduct t each extra

ful

0907

*Calls cost 8 your tele network

A 35 15 33 4 31 7 29 13 11 23 B C 11 13 39 11 25 12 4 30 3 16 D E 8 18 34 16 10 33 30 38 39 29 F G 36 39 31 31 13 21 32 39 4 3 H I 7 40 32 20 6 26 11 23 19 15 J TODAY’S TARGET Good 23; very good 34; excellent 45 K 18 13 25 10 17 2 8 25 17 26 (or more). Solution tomorrow L M 38 3 14 34 28 13 31 15 39 20 call 0907 181 2585 N for today’s target solution O described 11 33 as 13a number 8 2 crossword, 22 24the4task 2in Kakuro 29 Best *Calls cost 80p per minute plus your telephone P fill all of the empty squares, using numbers 1 to 9, so is to company’s network access charge. 5 of38 23 11 22 the8 number 18 to34its theQsum each15 horizontal block13 equals left,R and the sum of each vertical block equals the number on Sits6top. 26 No number may 16 be used 27 20 31 in 2the same 1 block 39 more 13 than T once. The difficulty level of the Conceptis Kakuro increases U 13 from 15 Monday 39 11to Sunday. 38 15 13 35 9 8 FIND where the fleet of ships shown is hidden V in the grid. The numbers to the right of and 12 17 2 25 17 27 19 36 W 33 2 below the grid indicate how many of the squares in that row are filled in with ships or X Yesterday’s Yesterday’s parts of ships. The ships do not touch each 15 25 10 12 34 5 3 Y 19 12 9 Sudoku Answer other, even diagonally. Some squares have Z Kakuro Answer HOW many words of four letters or more can you make from the letters shown here? in making a word, each letter may be used once only. Each must contain the centre letter and there must be at least one nine-letter word. no plurals or verb forms ending in “s”.

DENNIS THE MENACE Sudoku is a number-placing puzzle based on a 9x9 grid with several given numbers. The object is to place the numbers 1 to 9 in the empty squares so the each row, each column and each 3x3 box contains the same number only once. The difficulty level of the Conceptis Sudoku increases from Monday to Sunday

BATTLESHIPS

been filled in to start you off. Solution tomorrow

Across 1 Complained when awoken after midnight (7) 5 Should prove uncommonly tough (5) 8 A number lead the union in time-wasting action (9) 9 It reduces toil (3) 10 Still one that is found in Himalayan mythology (4) 12 Congratulations on a boring job completed (4,4) 14 Dog or sow had run amok (6) 15 Sportsmen may shoot them for fun (6) 17 Sent about ten cents as a deposit (8) 18 Don’t go on stage (4) 21 I write a note and leave (3) 22 Turned up to see about our set’s repair (9) 24 Experience discrimination (5) 25 They may be required to be met (7)

Down 1 Pious - nothing short of goodly (5) 2 Reputedly wise light sleeper (3) 3 Take-off is a bit of a risk it seems (4) 4 Indeed upset when refused (6) 5 Put on too much weight (8) 6 Go get soil so he may study it (9) 7 They provide information for people at the bank (7) 11 They can produce drops in performance (4,5) 13 Traffic force includes thousands (8) 14 Dubious character (7) 16 It’s blended in a French diet (6) 19 Requests said to give satisfaction (5) 20 The hollow sound of success in business (4) 23 Numbers rise in this issue (3)

Yesterday’s Cryptic Solution

Yesterday’s Easy Solution

Across: 1 Distinct, 5 Opus, 9 Marat, 10 Emotive, 11 Cool customer, 13 Auntie, 14 Peg leg, 17 Maiden speech, 20 Article, 21 Teeth, 22 Dawn, 23 Clarinet.

Across: 1 Frippery, 5 Spur,

Down: 1 Dame, 2 Sirloin, 3 Intelligence, 4 Cherub, 6 Prism, 7 Steerage, 8 For the better, 12 Farmyard, 15 Lectern, 16 As well, 18 In tow, 19 Chat.

Down: 1 Fool, 2 Inspect, 3 Pat

9 Onset, 10 Meaning, 11 Mean business, 13 Patchy, 14 Topple, 17 Deliberately, 20 Morocco, 21 Inane, 22 Crew, 23 Feckless.

4 1

2 x cruiser

15 16 18

20 21

Across 1 Afraid (7) 5 Pay a call on (5) 8 Unofficial test of opinion (5,4) 9 A sugar cane liquor (3) 10 Symbol of servitude (4) 12 Pupil of a leader (8) 14 Elect (6) 15 Rigorous (6) 17 CommuniquÈ (8) 18 Cease (4)

on the back, 4 Rumpus, 6 Poise,

21 Say further (3)

7 Register, 8 Lay it on thick,

22 Bugbear (4,5)

12 Epidemic, 15 Pillage,

24 Adversary (5)

16 Groove, 18 Large, 19 Lees.

25 Fidelity (7)

9 10

Down 1 Arousing suspicion (5) 2 Earth’s atmosphere (3) 3 Domestic cock or hen (4) 4 Chance of success (4-2) 5 Speed (8) 6 Cause of hurt feelings (4,5) 7 Violent storm (7) 11 Information (9) 13 A legislative body (8) 14 A green leaf vegetable (7) 16 A handgun (6) 19 Devoutness (5) 20 Jealousy (4) 23 Harmful (3)

3 x Destroyer 4 x submarine

1 x Battleship

EASY PUZZLE

CRYPTIC PUZZLE

30 31

34 35

■

● Alternatively, for six Extra Letter clues to your m text DXBEAT to 84901. Texts cost £1 plus your usual op

WORD BUILDER Answer the clues so that each word contains the same letters as the previous word, plus or minus one.

1 2 3 4 5 6 7

Solution

1 circ

2 Wan

3 Fold

4 roo

mou

5 Jum

6 Fuel

7 Fauc

THE TRIBUNE

Friday, July 3, 2020, PAGE 7

PAGE 8, Friday, July 3, 2020

THE TRIBUNE

THE WEATHER REPORT

5-Day Forecast

TODAY

ORLANDO

High: 92° F/33° C Low: 74° F/23° C

TAMPA

TONIGHT

SATURDAY

SUNDAY

MONDAY

TUESDAY

Sunsine and some clouds

Clear to partly cloudy

Partly sunny; isolated shower

Some sun with a t‑storm in the area

Clouds and sun with a thunderstorm

Some sun with a t‑storm possible

High: 90°

Low: 80°

High: 89° Low: 79°

High: 89° Low: 80°

High: 90° Low: 80°

AccuWeather RealFeel

101° F

87° F

102°-90° F

101°-89° F

102°-89° F

103°-89° F

High: 90° F/32° C Low: 79° F/26° C

The exclusive AccuWeather RealFeel Temperature® is an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure and elevation on the human body—everything that affects how warm or cold a person feels. Temperatures reflect the high and the low for the day.

almanac

ABACO

High: 88° F/31° C Low: 82° F/28° C

6‑12 knots

WEST PALM BEACH High: 94° F/34° C Low: 78° F/26° C

7‑14 knots

FT. LAUDERDALE E

FREEPORT

High: 94° F/34° C Low: 80° F/27° C

High: 91° F/33° C Low: 78° F/26° C

MIAMI

High: 96° F/36° C Low: 79° F/26° C

6‑12 knots

Statistics are for Nassau through 2 p.m. yesterday Temperature High ................................................... 90° F/32° C Low .................................................... 79° F/26° C Normal high ....................................... 88° F/31° C Normal low ........................................ 75° F/24° C Last year’s high ................................. 91° F/33° C Last year’s low ................................... 80° F/27° C Precipitation As of 2 p.m. yesterday ................................. 0.00” Year to date ............................................... 24.47” Normal year to date ................................... 14.10”

ELEUTHERA

NASSAU

High: 90° F/32° C Low: 80° F/25° C

High: 87° F/31° C Low: 81° F/27° C

KEY WEST

High: 91° F/33° C Low: 83° F/28° C

tiDes For nassau High

4‑8 knots

Ht.(ft.)

2.6 3.4

1:03 a.m. 0.0 12:57 p.m. ‑0.4

Saturday

7:43 a.m. 8:16 p.m.

2.6 3.5

1:56 a.m. ‑0.1 1:49 p.m. ‑0.4

Sunday

8:34 a.m. 9:03 p.m.

2.6 3.4

2:46 a.m. ‑0.1 2:38 p.m. ‑0.3

Monday

9:23 a.m. 9:50 p.m.

2.6 3.3

3:34 a.m. ‑0.1 3:26 p.m. ‑0.2

Tuesday

10:11 a.m. 10:34 p.m.

2.5 3.2

4:20 a.m. 4:13 p.m.

0.0 0.0

Wednesday 10:58 a.m. 11:18 p.m.

2.5 3.0

5:04 a.m. 5:00 p.m.

0.1 0.2

Thursday

2.5 ‑‑‑‑‑

5:48 a.m. 5:47 p.m.

0.3 0.5

11:45 a.m. ‑‑‑‑‑

sun anD moon Sunrise Sunset

6:25 a.m. 8:04 p.m.

Moonrise Moonset

6:51 p.m. 4:48 a.m.

Full

Last

New

First

Jul. 5

Jul. 12

Jul. 20

Jul. 27

ANDROS

SAN SALVADOR

GREAT EXUMA

High: 87° F/31° C Low: 81° F/27° C

High: 87° F/31° C Low: 82° F/28° C

N E

W S

LONG ISLAND

tracking map

Low

6:50 a.m. 7:26 p.m.

High: 89° F/32° C Low: 79° F/26° C

Ht.(ft.)

Today

High: 88° F/31° C Low: 81° F/27° C

Shown is today’s weather. Temperatures are today’s highs and tonight’s lows.

The higher the AccuWeather UV IndexTM number, the greater the need for eye and skin protection.

CAT ISLAND

uV inDex toDay

High: 87° F/31° C Low: 82° F/28° C

4‑8 knots

MAYAGUANA High: 88° F/31° C Low: 81° F/27° C

Shown is today’s weather. Temperatures are today’s highs and

CROOKED ISLAND / ACKLINS

tonight’s lows.

RAGGED ISLAND High: 86° F/30° C Low: 82° F/28° C

High: 87° F/31° C Low: 81° F/27° C

GREAT INAGUA High: 89° F/32° C Low: 82° F/28° C

N W

N E

E S

6‑12 knots

4‑8 knots

marine Forecast ABACO ANDROS CAT ISLAND CROOKED ISLAND ELEUTHERA FREEPORT GREAT EXUMA GREAT INAGUA LONG ISLAND MAYAGUANA NASSAU RAGGED ISLAND SAN SALVADOR

Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday:

WINDS SW at 7‑14 Knots W at 8‑16 Knots SE at 4‑8 Knots SW at 6‑12 Knots SSE at 4‑8 Knots SSW at 5‑10 Knots ESE at 6‑12 Knots SE at 4‑8 Knots SSW at 4‑8 Knots SW at 4‑8 Knots WSW at 7‑14 Knots WSW at 8‑16 Knots SE at 4‑8 Knots SSW at 3‑6 Knots NE at 4‑8 Knots ENE at 4‑8 Knots ESE at 4‑8 Knots SSW at 3‑6 Knots SE at 7‑14 Knots SE at 6‑12 Knots SE at 6‑12 Knots WSW at 6‑12 Knots SE at 6‑12 Knots ENE at 3‑6 Knots SE at 4‑8 Knots SW at 4‑8 Knots

WAVES 2‑4 Feet 2‑4 Feet 0‑1 Feet 1‑2 Feet 1‑3 Feet 1‑3 Feet 1‑3 Feet 1‑3 Feet 1‑3 Feet 2‑4 Feet 1‑3 Feet 1‑3 Feet 0‑1 Feet 0‑1 Feet 1‑3 Feet 1‑3 Feet 1‑2 Feet 1‑2 Feet 3‑5 Feet 3‑5 Feet 0‑1 Feet 0‑1 Feet 1‑3 Feet 1‑2 Feet 1‑2 Feet 1‑2 Feet

To advertise ALL your LEGAL NOTICES, call The Tribune’s Sales Department

502-2394

VISIBILITY 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles

WATER TEMPS. 86° F 85° F 89° F 89° F 87° F 88° F 86° F 86° F 88° F 87° F 86° F 86° F 88° F 90° F 85° F 87° F 87° F 89° F 85° F 86° F 89° F 89° F 86° F 87° F 88° F 88° F