Dynamic Equity backs $ 4 million for HSS Rental Stores

A tool rental business has powered up its expansion with a $4 million  infusion from a venture capital company and an investor. David Jackson completed a Management Buy-In last week for the Caribbean territory for HSS. As a result Jackson is now the largest shareholder and new Managing Director of the HSS franchise company in Trinidad. Financing for the buy-in was provided by Jackson personally and by Dynamic Equity. Jackson previously worked ten years with HSS Hire Service Group Plc, the last five as International Operations Man-ager. He was Regional Manager in the UK and France and helped to set up and develop new franchises in the Netherlands, Greece, Italy and Trinidad. At the signing of the buy-in agreement he said: “I have always believed that the tool rental business is particularly suited to developing island economies such as those in the Caribbean. I have now put my money where my mouth is and I intend to rapidly expand our business. First in Trinidad and later in the other islands. We will achieve this by offering customers a first class service, an unrivalled range of products and services and premier store locations. Everything you would expect from an international market leader.”

Jelle Sjoerdsma, Managing Director of Dynamic Equity, said: “We are always looking for businesses that can grow fast. We got in touch with David and were impressed by his dedication, experience and passion for the rental business. We are happy to support his management buy-in now and we expect to continue investing in the expansion of the company.” The HSS business in Trinidad started in 2000 with the opening of the first Rental Store in Port of Spain by local entrepreneur and rental enthusiast Stephen Cadiz. Cadiz remains a shareholder and will continue with the business as non-executive Chair-man. HSS is the largest tool rental company in the world. Starting with one store in London in 1957 it now has a global network of over 600 outlets. The biggest chains are in the UK and USA. The USA business, HSS RentX, is present in 14 states and continues to expand. HSS offers a broad range of tools and equipment to contractors and home improvers. Dynamic Equity is a venture capital firm in Trinidad and Tobago that currently manages $35 million in private equity funds. Its emphasis is to make investments that support growth and expansion at medium-sized private companies.

Scotiabank sweetens Trade and Investment Mission to J’ca

Scotiabank recently sponsored a breakfast meeting at the Trinidad Hilton and Conference Centre on July 30 to promote the upcoming Trade and Investment Mission to Jamaica on September 7-12. The Trade Mission is also being sponsored by Scotiabank and is being organised jointly with the Trinidad and Tobago Manufacturers’ Association (TTMA) and the Tourism and Industrial Development Com-pany of Trinidad and Tobago Limited (TIDCO). The Mission will be held at the Hilton, Kingston to showcase the goods and services of Trinidad and Tobago businessmen, and to meet with the Jamaican business community.  The primary objective of this Mission is to further enhance and strengthen commercial trade relations between Jamaica and Trinidad and Tobago and stimulate the shared vision of economic integration in the Caribbean region.


At the breakfast meeting,  Richard P Young, Managing Director of Scotiabank Trinidad and Tobago Limited told the business community to “be more aggressive and with a sense of urgency to make their businesses into competitive global brands”. His Excellency Lorne T Mc Donnough, High Commissioner for Jamaica stated that the Jamaican government continues to “fine-tune its fiscal and monetary policies to cope with the effects of liberalisation while ensuring that the economic foundation is laid for sustainable growth and development”. Also speaking at the breakfast meeting was Janice Robinson, General Manager of Scotia Jamaica Investment Management Limited, who presented “Jam-aica’s Business Environment – The Real Story.” She addressed the business partnership bond that exists between Jamaica and Trinidad and Tobago and supported further joint ventures to “enable Caribbean territories to survive the erosion of preferential trade agreements, the establishment of the Free Trade Areas of the Americas in 2005 and global competition.”

Republic Bank strengthens BNB’s management

Republic Bank Limited as the majority shareholder of Barbados National Bank (BNB) has announced additions to the BNB Board of Directors following the completion of purchase of BNB by Republic Bank. Recently elected board members are bankers Ronald F deC. Harford, David Dulal-Whiteway and Robert Le Hunte, and from Barbados Peter Symmonds and Joseph Goddard. BNB’s Managing Director, Louis Greenidge also announced that Robert Le Hunte has been seconded to BNB from Republic Bank and has been appointed as Deputy Managing Director. Ronald Harford, Chairman and Managing Director of Republic Bank Limited, is now BNB’s Chairman of the Board. The other members of the Board are chartered accountants Anthony Hoyos and previous Chairman, Kenneth Hewitt, Permanent Secretary in the Ministry of Finance, William Layne, Director of the National Insurance Board, Ian Carrington and Louis Greenidge.

ROBERT LE HUNTE
Le Hunte is a member of the Institute of Chartered Accountants of Trinidad and Tobago and a graduate of the University of Man-chester where he secured his MBA.  He is also a graduate of the University of the West Indies where he read for a Master’s degree in Accounting and the University of Western Ontario where he obtained a Bachelor’s degree in Economics. Le Hunte has worked in the financial sector for the past 19 years, 14 of which were spent with Republic Bank in a variety of positions including those of Group Treasurer and Senior Corporate Manager, Trade Finance.

RONALD F deC
HARFORD

Ronald F deC. Harford, Chairman and Managing Director Republic Bank Limited, headquartered in Trinidad and Tobago, has over 40 years experience in the Caribbean banking industry, and has been at the helm of Republic Bank since 1997. A Fellow of the UK Chartered Institute of Bankers, Harford is also Chairman of the Republic Finance and Merchant Bank Limited (FINCOR) and the National Commercial Bank of Grenada Limited, two subsidiaries of Republic Bank Limited. He is a director on the boards of the National Bank of Industry and Commerce Limited (Guy-ana), Republic Nominees Company, the University of the West Indies (UWI) Institute of Business and is the immediate Past President of the Bankers’ Association of Trinidad and Tobago.

DAVID DULAL-
WHITEWAY
David Dulal-Whiteway is the Deputy Managing Director of Republic Bank Limited. He holds a Bachelor of Science degree in Management Studies from the University of the West Indies, a Master of Business Administration (MBA) from the University of Western Ontario and is a member of the Certified General Accountants (CGA) of Canada. He holds the post of Chairman of Trinidad Cement Holdings Limited, and is also a Director on the Board of Republic Finance and Merchant Bank Limited (Fincor), London Street Project Company Limitied, Republic Securities Limited and the Foundation for the Enhancement and Enrichment of Life (FEEL).

PETER GLADWYN SYMMONDS
Peter Gladwyn Symmonds is a Partner in Yearwood & Boyce Law firm, one of the oldest law firms in Barbados. With a Masters of Laws degree from the University of London, and a  Diploma in Air and Space Law from the London Institute of World Affairs, in 1981, he was admitted to practice in the Supreme Court of Barbados. Vice President of the Barbados Bar Association and Member of the Society of Trusts and Estate Planners Association, Symmonds is also an appointed Justice of the Peace since February 2003.

JOSEPH GOODARD

Joseph Goddard became Managing Director of Goddard Enterprises Ltd, Barbados, on October 1, 1991. He joined the company in the early ’70s when he returned to Barbados after completing his professional accounting qualification in England. He read for his MA in Mathematics from Cambridge University, and subsequently qualified as a Member of the Institute of Chartered Accountants in England and Wales. Goddard is also Honorary Consul General for Finland in Barbados.

New appointments at Guardian Life

Mr Douglas Cam-acho, President of Guardian Life of the Caribbean Limited, a member of the Guardian Holdings Group has announced the following appointments:
Matthew Davis — Unit Manager, Dale Mc Leods Agency, Maraval. Matthew Davis has been a consistent producer in his 22 years with the organisation, during which time he achieved the difficult feat of qualifying for Guardian Life’s Overseas Sales Convention on nine occasions. A winner of various company as well as industry Awards, he has also qualified for the internationally recognised Million Dollar Round Table (MDRT) for the last three consecutive years. His professional training in the Insurance Financial Advisors Training Course, along with the other financial planners training, has equipped him for this next stage of his career. Prior to this appointment, Mr Davis was an Executive Agent.
Nathalie R Nimblett — New Business Process Manager

A past student of Holy Name Convent, Port-of-Spain, Nathalie Nimblett is a graduate of The University of The West Indies, St Augustine with a BSc Economics. She has spent eight years in the banking sector, where her last appointment was that of Business Analyst. She has considerable experience in the areas of business systems and process improvement (including systems and procedures development and documentation) and project management. A former member of the PeopleSoft Caribbean Regional User’s Group Stee-ring Committee and the Youth Business Mentorship Programme, she is currently a member of the Trinidad and Tobago Economics Association, the Institute of Banking and Finance (IBAF) and the Human Resource Management Association (HRMATT). Nimblett is presently completing her Associateship in Banking and Finance as well as the FLMI designation.

Family Court at last

HOPEFULLY before the end of the year, Trinidad and Tobago will finally have a functioning Family Court, albeit in the form of a pilot project. The Court will represent a kind of evolutionary leap in our judicial system, bringing our country in line with modern-day methods of dealing with family matters. Indeed, it will be the ultimate realisation of plans and intentions and initiatives which go back to the 70s but which, for one reason or another, were never brought to fruition. But, in this case, better late than never. Essentially, the Family Court should make a difference and prove its worth by shifting the way we deal with family matters from the present adversarial mode to one of mediation and conciliation. The approach is one adopted by most civilised countries and should be particularly relevant to TT where family life is constantly under siege from a multitude of pressures and provocations, both internal and external. The breakdown of marital relationships and the adverse effects these tensions have on family members, including irate husbands and anguished children, is a serious social problem about which the Family Court can play an important part in relieving and resolving.

Because of its expanded, indeed holistic, approach to dealing with family matters, and the special services at its disposal, it seems wise to launch the Court as a pilot project. This, in fact, was the recommendation of a committee, headed by attorney Stephanie Daly, which studied its establishment and reported last year. Operations of the pilot Court will be under the vigil of a Monitoring Committee which will eventually make recommendations for setting up a full fledged system. Perhaps the most significant feature of the Family Court will be the range of social services, including teams of counsellors and mediators, which will be attached to it and actually housed in the same building. These services will help to establish the new and basic approach of the Court which is to seek conciliation and settlement of family disputes rather than carry on with the old pattern of confrontation and dissolution. We must commend this aspect of the Court with the hope that it would serve to ameliorate and defuse the distrust, hurt and anger that arise in so many family disputes and lead to so much domestic tragedy in our country.

To begin with, the pilot project will be a dedicated Family Court combining the jurisdiction of the Port-of-Spain High Court with that of the St George West magisterial district. It will have a unified registry and will deal with all family life matters, including divorce, custody of and access to children, maintenance. However, the Court will not have the authority to hear criminal charges. It is obvious that the establishment of such a specialist court requires considerable planning and even now, we understand, training is in progress to have the Court manned by professional officers and staff. It is good that consultations are also being held with officials of the Law Association. The Family Court has been long in coming. Agitation for one started in the 70s. A Bill to establish one was actually drafted in 1986. Promises for one were made on the eve of the 2000 elections. Whatever the snags and hindrances to its formation in the past, the Court is now about to be a reality. As we said before, better late than never.

Black male chauvinism?


“What do they know of England, who only England know?” That’s a well known maxim which suggests the notion: “What do they know of freedom, who only freedom know?” It’s axiomatic, I suppose, that if slavery didn’t exist in our part of the world then the question of emancipation would not have arisen. So it’s only natural that on or about the anniversary of emancipation there should be more than usual interest in the institution of slavery as well as how the slaves adapted to their “new situation” and the sort of human resources which they drew upon and the survival strategies which they employed. Now God alone knows where the “primitive” label came from and why it was assigned to Africans, generally, African slaves in particular, and by extension, their progeny. In a lecture, entitled “ The making of the Caribbean peoples” CLR James found the odious label not only repugnant but totally unjustified. James referred to a quotation from the Moyne Report (1938). James claimed that the report was produced by a number of excellent English gentlemen and ladies, sympathetic to the West Indies.            

The repugnant quotation referred to, “Negroes were taken from lands where they lived no doubt in a primitive state.” James explained that the members of the Moyne commission were not hostile to the West Indies but were merely profoundly ignorant of what they were dealing with. Said James, “I don’t know where they got that ‘primitive’ label from because the early Portuguese and the rest who discovered Africa did not find very much difference between the Negro civilisations they met and the great masses of the peasantry they had left at home. In many respects, many Africans were more advanced.” Gad Heuman took CLR’s point a bit further with his report that, “The slaves’ work on their grounds and in the markets demonstrate a high degree of initiative and enterprise, particularly since slaves had to tend their crops outside the long days devoted to the plantations. Yet white stereotypes of slave behaviour depicted them as Sambos or Quashees, who were inveterately lazy, irresponsible, inefficient, dishonest, childish and stupid.” Gad Heuman asks, “But how accurate is this depiction of the slave in his community?” Answering his own question, “How-ever debased slavery was, slaves resisted it at home, in their communal life with other slaves, and in their maroon societies. Their religion, culture and songs attest to their independence within an oppressive system.”

Lawrence Levine suggested that those factors, alluded to by Heuman, probably prevented legal slavery from becoming spiritual slavery. The notion that slaves were largely resigned to their lot in life and that their yearning for freedom was largely extinguished seemed very much at variance with known facts. There are those, of course, who’d have us believe that, subconsciously, the slave virtually told him/herself, “I’ve got plenty of nothing, and nothing is plenty for me.” As they say, “Hope springs eternal in the human breast.” And I might add here that some obscure reference to runaway slaves escaping bondage in the southern states in America and wending their way north by way of the “Underground Railroad” had somehow whetted my curiosity. I had mistakenly imagined it to be a system of underground caverns and natural tunnels. That’s probably what aroused my interest in Ann Perry’s little book, titled: Harriet Tubman; Conductor to the Underground Railroad. I soon got disabused of my conception. The underground railroad that ran straight to the North securing freedom for fugitive slaves was not a railroad at all, and did not run underground. It was composed of a loosely organised group of people who offered food and shelter or a place of concealment to fugitives who had set out on the long road to the North and freedom and, I might add, at great risk to themselves. They were, in the main, whites (yes, whites) whose religious persuasions caused them to regard slavery as profoundly abhorrent.

Apart from learning about the “Underground Railroad,” I learnt about the incredible exploits of a “shinning star” and genuine heroine known as Harriet Tubman. She was born a slave and named Harriet Ross. By the age of six (yes, six) she was hired out and experienced cruel treatment at the hand of her new mistress who kept telling her that she was stupid, and sent her back to her “former home,” specifically the Brodas plantation, where she was owned. Her mistress expected so much of a little six-year-old girl and deemed her “unteachable, intractable, and hopelessly stupid.” She was not exempted from whipping. The yearning for freedom had apparently been in young Harriet’s blood — and she did not yearn for freedom only for herself. Something happened that gave every indication that Harriet was made of  “sterner stuff” and, incidentally, left her with a physical disability that would have prevented “lesser mortals” from leading even a normal life. She received a gaping wound in her forehead when she blocked the path of the overseer, in pursuit of a runaway slave. The long term effect of the wound was that she would, at any given moment, loose consciousness for extended periods. That notwithstanding, this outstanding and extraordinary woman not only escaped but returned again and again and led over 300 black men, women and children past the swamps, forests, rivers and secret hiding places that marked the dangerous escape route.

Though more like the “Scarlet Pimpernel,” she was aptly known as the elusive “Moses,” whose motto might well have been, “Let my people go.” After reading Harriet Tubman’s story, it occurred to me that the stories of black heroines of the slavery and post-emancipation eras have not been highlighted but rather have been largely ignored. Black male chauvinism? Some years ago, in a BBC radio panel discussion, a couple of young, black, educated, articulate women poured scorn on Stokely Carmichael (Kwame Ture) and virtually took him to the cleaners for his foolish and flippant reply to a question he was once asked. The question: “What do you consider black women’s position in the emancipation process?” His answer, in one word: “Horizontal.” Make of that answer what you will.

Simple solution to complex problem

THE EDITOR: Much has been considered in an effort to combat the escalating crime situation. However, as usual, everyone keeps looking for some complex solution. How about trying the simple approach? It is obvious that crime ranges from the simplest acts to the most complex and even bizarre. This means that we have to institute a learning programme that will teach our people to obey all the laws. What I suggest does not have to be a long-term project, although it can be and without being a drain on the treasury. It will also make it possible to increase the police force as well as offer added incentive to the officers. Issue all police officers with receipt or ticket books. Each ticket valued at $5 keeping in mind that this is a training exercise. Any officer catching anyone committing any crime, be it littering, J-walking, public drinking, even illegal parking or speeding will be issued a ticket and pay the $5 on the spot. The public will be advised of the plan and be instructed not to pay unless a ticket is issued. When the public learns that they have to pay for their indiscretions each and every time they commit one, they will gradually stop.

Now here is the incentive for the officers. At the end of the day they turn in their ticket books and cash to the officer in charge of the station. It is checked for total collection then half of the collection goes to the treasury and half goes to the officer for a job well done. The half that goes to the treasury will be used to pay the newly added police officers and they in turn will bring in added revenue. For a plan as simple as this to work, there is one catch. It would be imperative that in all cases the police must exercise understanding and consideration before handing out the tickets, or else the police would end up making more enemies than friends. Once the public gets back on track we will find it easier to maintain a legal society and the police will find it much easier to perform their duties because the public will all be offering them greater support. Just think how clean and secure Trinidad and Tobago will be when we get to that stage.


RICHARD DEANE
Diego Martin

Who caused Hindus to be under siege?

THE EDITOR: Sat Maharaj received overwhelming support from Dale Enoch and George “Umbala” Joseph for the comments in his weekly column under the headline “Hindus under siege.” In his column on Wednesday August 6, 2003 Mr Maharaj wrote: “The Hindu community is under siege and this is such a time! Our land is soaking daily in the blood of innocents.” Mr Enoch, in his capacity as News Editor of Radio I95.5 interviewed Mr Maharaj the same day to elaborate on his statement in the press. No doubt Mr Enoch was driven by his admiration for Mr Maharaj, a point he makes regularly on his morning programme. I heard Mr George “Umballa” Joseph on Radio who also praised Mr Maharaj for his comments. Mr Joseph took the opportunity to knock the Afro Trinidadians for their inability to follow in the footsteps of our Indo brothers and sisters in various spheres of life. As a citizen of African descent I am offended by the remarks of  Messrs Maharaj and Joseph who seem to enjoy denigrating Afro Trinidadians.

Recently a drug lord Ramdhanie was buried under Hindu rites after he died in prison. Ramdhanie was given a hero’s farewell by villagers and well wishers in Cedros and the funeral was televised by both TV6 and TTT for over four to five minutes in their newscast. I am still waiting to hear from Messrs Maharaj and Joseph about the untold damage perpetrated by this convicted drug lord on the people of our beloved country through his drug trade. Most of the murders and kidnappings that are taking place in our country are as a direct result of the illicit drug trade of which Ramdhanie played a significant and major role. If we are to accept Mr Maharaj’s observations then he must look within to see who are the persons responsible for putting Hindus and indeed the entire country under siege. A word to Mr Joseph, I will never emulate Ramdhanie and I trust my Afro brothers and sisters will follow my footsteps. When Ramdhanie’s funeral was aired on television I did not see Dale Enoch, Sat Maharaj or Umballa Joseph at his side among the mourners before his cremation under Hindu rites.


RODNEY EMMANUEL
Curepe

Kudos for Laventillians

THE EDITOR: Congratulations to the organisers of the conference for the eradication of crime in Laventille. The effort certainly recognises our community resolve to firmly deal with the crime situation that has thrown Laventille further down the social ladder. I attended the opening session of the conference organised by the Ad Hoc committee For The Eradication Of Crime In Laventille (ACECL), and I must say I could not tell whether I was attending a CARICOM high profile meeting or one organised by Laventillians, so impressive was the organisation and delivery of materials, supported by multi-media displays. I mean it was excellent.

Who says all is lost with Laventille, has to think again. The community saw the problem and decided to do something tangible about it. I have no doubt, especially with the high level of organisation I witnessed, that the conference organisers will achieve their goal for a crime free Laventille. Oh how I wish Mr Fitzgerald Hinds and Ms Eulalie James were there. But I am sure that they will reap the benefits of this most timely event.

ALTHEA GRAHAM
Success Village

Mercenaries parading as doctors

THE EDITOR: I was so pleased with your editorial of Wednesday 6, that I felt compelled to write to congratulate you on such a wonderful piece. I understand that the goodly doctor is the chairman of the Ethics Committee of the Medical Board, and during the doctor’s sick-out he was quoted as saying that doctors were quite right to take sick leave and work in their private practices! Well, so much for ethics! Doctors are also now complaining about expenses incurred by Government for hotel accommodation for Cuban doctors. They seem to forget however, the tremendous expense which Government had to bear in placing patients at private health institutions during their sick-out action and from which most of them benefitted handsomely while still collecting their full salaries. These doctors believe that the majority of people in this country are too dumb to tell the wood from the trees and those who can are either of their ilk or could not be bothered. For myself, I find it very difficult to have any confidence in these doctors or any respect for their Board. They are now a very frustrated lot and the Cubans should be warned that they are not to be trusted.

I recently saw a letter written by Dr E Chamely in which he accused the Minister of Health of acting autocratically in introducing legislation to facilitate the temporary registration of doctors. Now, Dr Chamely is a very prominent physician in San Fernando and is well known for his community work. He has been in the forefront of many charitable efforts and was also at one time an Independent Senator. He may also have been the recipient of a National Award and if not, I would think it is a serious omission on the part of those responsible. I am saying all this because I believe that this doctor’s opinion carries a lot of weight and I hold him in the highest esteem. But where, pray tell, was this goodly doctor when doctors took sick-out action and patients languished on hospital benches for hours that turned into days? Some people even died! Could be that I missed it and the gentleman did indeed take a public position in support of the poor and suffering patients; in which case I would unhesitatingly apologise. But these are the circumstances in which evil flourish; when good men do nothing. If I am to summarise this doctor’s position on the action taken by the Minister it would be that maintaining the status quo is more important than the ethics of the profession.

A certain well known politician, during his tenure as Prime Minister said that teachers who abandoned the children in their classrooms to pursue industrial action were ‘criminals’. In like manner I would think that doctors who abandoned their patients in the hospitals and other public health facilities are “m ….. ers.” (I would leave the population at large to fill in the blanks). Astonishingly however, this politician found it possible to support the doctors during their sick-out. During the dark days of World War II, the late great Sir Winston Churchill quoted this line from poet Claude Macay: “If we must die let us nobly die”. To this I would like to add that if die we must, we would rather die at the hands of well meaning quacks than at the hands of those ruthless mercenaries parading as doctors. I urge the population to rally on the side of the minister for taking action in defense of the poor and humble in our society. I say, right on Mr Imbert, next step a National Health Insurance Scheme.

RAY RAMDEEN
San Fernando