These fellas need to find out where the Bahamian people's share of this money is?
St. George Estate Requested Gov’t Support In Dispute

A day before Senior Justice Anita Allen issued an injunction blocking the sale of Sir Jack Hayward’s shares in the Grand Bahama Port Authority, the attorney for the estate of his late partner, Edward St. George, wrote to Prime Minister Hubert Ingraham, inviting the government to join the action.

The estate was successful last Friday in getting Justice Allen to freeze Sir Jack’s shares.

In a letter to Prime Minister Hubert Ingraham, attorney Fred Smith said, "insofar as the government is concerned, it would appear to be appropriate that a sale does not occur without government approval as Sir Jack may be effecting the sale through Intercontinental Diversified Corporation (IDC) in the Cayman Islands where he maintains that approval from the Bahamas government is not required.
http://www.jonesbahamas.com/?c=45&a=14027

Minister Laing was also asked whether the government still owned seven and a half percent of the shares of the Port Authority.

"That is the most speculated thing in government," he said. "As far as we know it is not true. There are some places where people would say it is so. There is no evidence that exists in government to show that is the case."

Before the change, the government had legal representation in this action. Perhaps the new government should appoint someone to act on our behalf before Sir Jack sells Freeport off right from under our noses!

Before the change, the government had legal representation in this action. Perhaps the new government should appoint someone to act on our behalf before Sir Jack sells Freeport off right from under our noses!



That's what we are saying, but they seem to be dragging their feet.

That's what we are saying, but they seem to be dragging their feet.


They are following the premise of the former government that goverment should not intervein in this "private" matter, which is something that I supported too. Perhaps this thing is on a whole different level now.

I really think the share was sold. The port has paid every cent of tax to the Central Governement concistently. I believe if the government still owed those shares, the dividends, if any would have been paid also. If the government can't find eveidence (which dosen't supprise me) the only the Port Authority would have that record.

They are following the premise of the former government that goverment should not intervein in this "private" matter, which is something that I supported too. Perhaps this thing is on a whole different level now.
I really think the share was sold. The port has paid every cent of tax to the Central Governement concistently. I believe if the government still owed those shares, the dividends, if any would have been paid also. If the government can't find eveidence (which dosen't supprise me) the only the Port Authority would have that record.


If they sold the shares, fine. If it was decided upon in a fair vote in a Cabinet meeting many years ago, fine.

But why all the secrecy? Why can't someone produce the paperwork? Who received the monies paid for the sale?

What about the people's access to information regarding the running of the country.

Is this how we will continue to operate? Back room shady deals by our own Cabinet? Yes Cabinet meetings are "secret" buy they still have to follow the law.

I have no beef with the St George family but if the Bahamian people can't make fair deals with people we've known and dealt with for 30+ years, it stands to reason we are gonna get hosed by all the new people coming in.

Freeport is a potential gold mine. We are about to throw it away.

*Sunny asking Chancellor what sous/soup he wants form da tuck shop dis mornin'*


~~

If they sold the shares, fine. If it was decided upon in a fair vote in a Cabinet meeting many years ago, fine.
But why all the secrecy? Why can't someone produce the paperwork? Who received the monies paid for the sale?
What about the people's access to information regarding the running of the country.
Is this how we will continue to operate? Back room shady deals by our own Cabinet? Yes Cabinet meetings are "secret" buy they still have to follow the law.
I have no beef with the St George family but if the Bahamian people can't make fair deals with people we've known and dealt with for 30+ years, it stands to reason we are gonna get hosed by all the new people coming in.
Freeport is a potential gold mine. We are about to throw it away.
*Sunny asking Chancellor what sous/soup he wants form da tuck shop dis mornin'*
~~


**Me needs a good chicken souse with plenty johnny cake!:bouncy: ***

Remember when Sir Jack was asking for accounting for the money he donated for hurricane relief, and the government could not provide one, and some people were like he don't deserve one. Now they crying for this 7.5%. Well we need to know where it went anyways.

**Me needs a good chicken souse with plenty johnny cake!:bouncy: ***
Remember when Sir Jack was asking for accounting for the money he donated for hurricane relief, and the government could not provide one, and some people were like he don't deserve one. Now they crying for this 7.5%. Well we need to know where it went anyways.



No accounting. Worse than Enron and Worldcom.

If I ran my stuff like this I'd be broke or in jail.

*Hands C his chicken sous- gives him two slices of Johnny cake for the price of one*

They are following the premise of the former government that goverment should not intervein in this "private" matter, which is something that I supported too.

Actually, the former government did intervene. They had legal representation in this specific action. Their attorney acted as a mediator between both sides and also represented the interests of the government / Bahamian people until May. As a government appointee, that person excused himself from the proceedings when the government changed. All we're asking us that the new government also appoint someone to act on our behalf so the interests of Bahamians can remain protected.

But now the there is an invitation for government to intervein. for the first time ever, the Port needs the government, and no the other way around.

You're right about the significance of it. But the invitation actually came from Fred Smith one of the other attorneys already acting in the matter, and is a request for the government simply to continue its interest in the proceedings. For the sake of the people of Freeport I hope we don't drop the ball on this one.

The Gov needs to be involved to protect the interest of Bahamians, this is not just a private business matter. The Port holds a great deal of the future for Grand Bahama where many Bahamians reside. Therefore the Govt must ensure that it protect the interest of its' people.

It's not about taking sides, actually it is, take the "interest of the people" side, no Jack not St Georges.

Those of you at home, please call into the radio shows and ask them to discuss this matter. You know just because it's a Grand Bahama entity doesn't mean that it shouldn't effect those of you in Nassau in particular.

Like we've said, Freeport is a potential gold mine that has enormous potential not just for Grand Bahamians but Bahamians period!!!!:bouncy: :bouncy:

*sigh*

Minister Laing was also asked whether the government still owned seven and a half percent of the shares of the Port Authority.
"That is the most speculated thing in government," he said. "As far as we know it is not true. There are some places where people would say it is so. There is no evidence that exists in government to show that is the case."



So, they finally got it. I get it. You mean, this internet is that powerful?

You know something Sunny, it isn't about them respecting us in finding out things, it is about them, not wanting to look like shabby glorified plantation owners; the entities of the GBPA and to a greater extent, our brothers and sisters who we elect to do the people's bidding.

I say, keep it out in the open.