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They must be either elected Members of Parliament or members of the Senate. They are referred to as Ministers in the British way because they control and administer and set the policy for their portfolios. They are paid a regular and pensionable salary - far more generous than in the private sector - as Members of Parliament or Senators with an additional sum if they are also a Cabinet Minister. The benefits enjoyed by Cabinet Ministers on top of their six-figure salaries include use of a car, health insurance, a pension, a parking space at Sessions House and a credit card.
All Cabinet Ministers and members of the Legislature are entitled to participate in the Government employment health insurance scheme, as well as the Ministers and Members of the Legislature pensions fund. Ministers are afforded cars. They are subject to the standard audit process of the Government. Their salaries are more than in many places far bigger than Bermuda.
They are popularly elected to terms of up to five years by the registered voters of Bermuda - mostly Bermudian. Some non-Bermudians who were Commonwealth citizens in were given the vote but are not Bermudian. Cabinet Ministers and Members of Parliament pay at least Pensions are paid out based on a formula pertaining to the number of years in which contributions were made. Thus the May person Cabinet is paid the equivalent of 9.
The Bermuda Government is Bermuda's biggest employer by far. Many buildings house the legislators and civil service. The Government controls things which in many other countries are privatized. Typical examples are in airports, tourism, transport.
All first world countries have privatized them wholly or partly, but not in Bermuda. Government has 38 quangos and public funds.
Bermuda has more politicians per voter than anywhere else in the world. A Constituency Boundaries Commission, appointed in late recommended reduction of members from 40 to In the United Kingdom, there is massive over-representation but not nearly as pronounced as Bermuda with MPs for a population of 60 million, or 1 MP for every 64, voters, with 18 MPs in the whole of Northern Ireland.
Germany, with a population of 82 million, has members of parliament; Japan, with a population of million, has legislators; Russia, with a population of million, has legislators; and USA, with million, has congressmen and women' Other examples include St. Lucia, with 14 parliamentarians in its square miles; Barbados, also in the Caribbean, with 28 elected members in its parliament and 12 senators, in its square miles and with a population of , Retired Cabinet ministers are set to have their pension pots restored, after a resolution proposed by the Premier passed at the House of Assembly.
The Premier suggested the introduction of a retroactive resolution to fix the issue, which went through uncontested. Members of Parliament are to debate their salaries for the coming year on Monday. Legislators are likely to be closely watched during the talks, held on the last day of the exhaustive post-Budget committee of supply meetings.
The earnings of Cabinet Ministers and MPs have been a politically sensitive topic in recent years, and with the latest Budget dominated by spending cuts, the scrutiny continues. However, Mr Richards receives the higher of the two salaries: After telling Parliament that he would move the salaries resolution at the next meeting of the House, Mr Dunkley pointed out that the salaries for the Premier, Deputy Premier, Minister of Finance, Attorney General and other ministers had been higher in That was true up until April 1, They had also been reduced a year earlier.
Ms Cox initially turned down union requests for pay cuts, but later said she would take a reduction if other senior civil servants followed her example. Ultimately, a 5 per cent cut went before the House and was passed. Those cuts only remained in effect until the general election that December, as stipulated in legislation. Wages went back up, but were cut once more, this time by 10 per cent, under OBA legislation approved in March They have remained at this level and are set to stay until March 31, Who earned what in Parliament in House of Assembly recently.
Ministerial travel costs will be made public on a new website as part of a drive to promote transparency within Government. The move comes as Government hit back yesterday at Opposition criticism of a recent trip by the Premier and two Ministers to New York.
And it revealed plans to put all Ministerial and Government MP travel costs on line in the near future for the public to see. The commitment to transparency and accountability will be extended with the imminent launch of a website that will outline all travel expenses for any travel taken by Government Ministers and MPs. Attracting more visitors and more investment dollars means more economic activity, which means more jobs. To get the economy working better for Bermudians, the Government must fish where the fish are, the east coast of America is our primary market for business and visitors.
Premier Dunkley has said he will take every opportunity to promote Bermuda to benefit Bermudians and no amount of misleading criticism from the Opposition will sway those efforts.
In conclusion, we want to be clear about one thing: He also called for the cost of the trip to be made public. A Government spokeswoman responded: The public can be assured that the visit was prudent and fiscally managed, with the aim of achieving key national objectives of attracting direct inward investment and showcasing Bermuda as a premier vacation destination. The Premier and Ministers who attended New York were there in key capacities. This resulted in considerable exposure for Bermuda on various levels.
As a note, Government is in the process of finalizing a travel website detailing Ministerial travel costs, which can be viewed by the public. The website launch is forthcoming. Two-thirds of voters want to cut Cabinet from 13 to eight Ministers, according to a new poll. Sixty-seven percent of people want Government to take up the SAGE Commissions recommendation to reduce Cabinet by five, with 26 percent preferring the current size. The survey by Mindmaps shows support for a smaller Cabinet is strongest among whites, with 75 percent voting for a reduction, compared with 64 percent of blacks.
Fifty-one percent agree with that recommendation, with 42 percent disagreeing and the rest unsure. Whites are more supportive of cutting the Civil Service, with 70 percent in favour and 24 percent against.
Among blacks, 42 percent are in favour and 51 percent against. A breakdown by age shows the older generation is more welcoming of a Civil Service reduction. Among over 65s, 65 percent want cuts, compared with 41 percent of the 18 to 34 age group.
Cutting both Cabinet and the Civil Service were key recommendations in the page SAGE report, published on November 15 in an attempt to maximise efficiency and get to grips with Bermudas debt crisis. The document claimed the Civil Service suffered from weak leadership, and called for poor performers to be fired. It suggested early retirement schemes and pay cuts, particularly targeting the highest-paid, and farming out many areas of Government to the private sector or turning them into quangos.
However, some workers have reacted angrily to the suggestion of Civil Service reductions, with a number of concerns raised at a town-hall meeting called by the Progressive Labour Party last week. Finance Minister Bob Richards, who commissioned the report, has said Government will hold a debate on its recommendations in Parliament.
Mindmaps survey of registered voters took place between November 17 and 24, and has a margin of error of 4. A five percent pay cut agreed by parliamentarians a year ago to appease angry unions has been ditched by the One Bermuda Alliance. Mr Cannonier has cut ministerial salaries by ten percent but, come April 1, many MPs and senators will enjoy a bigger pay packet than a year ago.
The resolution which brought the pay cut into effect was valid until either a general election or March 31, , so ceased to be in effect on December The salaries therefore reverted automatically at the time of the election. However, the new Government introduced a new resolution at the earliest opportunity and went further and ensured that the new resolution made provision for a ten percent reduction in salaries for the Premier and his Ministers.
So the Premier, for example, will actually take a 7. On average, the new resolution means a 6. Therefore, a pay cut of ten percent is substantive. I am absolutely satisfied that the taxpayers are getting value for money for the Cabinet and parliamentary salaries. Meanwhile, the Premier revealed in written parliamentary answers to the House yesterday that five Ministers in his new Cabinet are part-time.
The information on part-time Ministers was given in response to questions by Opposition leader Marc Bean. He said last night: During these times of challenge, we do not believe that the Ministries of Economic Development, Health and Seniors, Home Affairs, and Environment and Planning deserve part-time attention. But the decision sparked criticism from the Bermuda Democratic Alliance, which was then in Opposition.
It is understand Ms Minors left the bank at the request of Ms Cox, who required all her Ministers to be full-time. Mr Cannonier said last night: While they may be part-time Ministers, the quantity and the quality of work they provide for the country has not been compromised. MPs last night passed a resolution to give Cabinet Ministers a ten percent pay cut, effective April 1. The same pay is set for Ministers serving in the Senate.
We have taken our ten percent. The Fund receives 25 percent of salaries paid to parliamentarians, senators and staff of the legislature, split equally between the Government and the contributors. Pensions are paid to contributors from age 60 if they have served at least eight years or at age 55 if they have served for 20 years or more. The pensions fund financial statements were tabled in the House of Assembly on Friday. Then-Premier Craig Cannonier tabled proposed pay cuts for Cabinet Ministers, as promised by the victorious political party in the December General Election.
The changes included pay cuts for many posts, but Cabinet Ministers who sit in the Senate would receive a boost in pay to set them at the same level as Cabinet Ministers in the House of Assembly. A resolution to revise the captioned Act was tabled on Friday. However the additional salary for most Cabinet posts would drop by around ten percent as of April 1 should the resolution be approved.
Other salaries will remain unchanged. In Bermuda, they do not dispense summary justice but they can deal with local administrative applications. They can be called by the Bermuda Police to execute warrants. Unlike in the UK, in Bermuda there have never been any Bermuda Government-nominated recommendations for a Dame or Knight who is not in government but is instead in international or local private-sector business. For government or other service. A written document 96 pages long, it went into effect on June 8, Bermudians, other residents and visitors probably spend more per square mile in taxes than anywhere else in the world, both per capita and in total, despite the absence of income tax.
In its place, Bermuda has, in order of impact on individual consumers, huge customs duties; payroll tax payable by all employers and their employees and other taxes shown immediately below. The international business sector is Bermuda's biggest and most impactive industry, significantly more important than tourism. It has continued to transfer jobs to more internationally favorable jurisdictions.
The goal is to create an economy that works for everyone; to lay a new foundation for broad-based prosperity. Pro-growth economic policies are needed to stimulate much-needed foreign investment, restore confidence in the Island as a place to do business and create new jobs. There has to be elimination of wasteful government spending, to reduce the national debt. It will take time to implement solutions that work for the greater good, revamp structures that inhibit Bermuda's ability to operate efficiently and effectively and reverse trends and trajectories locked in place by past Government practices.
Bermuda's borrowing requirements will reflect the situation inherited from Bermuda's previous government The Global Economy. As Bermuda's principal trading partner, the economic state of the USA is crucial to Bermuda's future. A recent prolonged recession was due to structural Bermudian issues. But the number of new companies formed in Bermuda has experienced a moderate increase in recent months.
This is one of the reasons that Bermuda's flagship industry international business has continued to return solid results to their shareholders without making a significant impact on job growth in Bermuda. Visitor arrivals continued to be dominated by lower spending cruise travellers and air arrivals. They spent less than desired. The Government of Bermuda has to be real about debt. Overall deficit spending by the Government started in the year and has annually accumulated in an ever rising profile of public debt in , unsustainable.
As long as the Government runs an overall deficit on the modified cash basis used in budgeting debt will rise. So, in order to reduce public debt Government must first stop running annual operating deficits, and start running cash surpluses which, when applied to the debt, will reduce it Bermuda Debt Trajectories. The concept of solvency for a government is not necessarily a matter of rigid rules. Solvency is the measure of an entity, a company or a government, to be able to meet its long term financial obligations.
Large countries are given much more latitude than small ones, and developed economies are similarly given more latitude than developing ones. Bermuda is highly developed but is undiversified and very small. All public sector jobs, and some private sector jobs too, depend on the Government remaining solvent. Last year, the authorized debt ceiling for the Government was the highest ever. Bermuda had become an uncompetitive player in its trading in services with the rest of the world.
Since trading in services with the rest of the world is Bermuda's primary business, this fact represented a huge problem. The lack of competitiveness caused the economy to contract. That contraction caused the loss of jobs, weakness in government revenues and increase in public debt.
It was found that employers were not willing to bring non-Bermudian staff to Bermuda if they could only stay for six years. There is a global competition for intellectual capital and that such people will not come here if they have to be arbitrarily uprooted after six years. This intellectual capital either left Bermuda, never to return, or will not come here in the first place. Bermudian employees connected with that non-Bermudian intellectual capital often lost their jobs because of the exodus.
The economy was robbed of their consumer spending and government revenue derived from that spending. Term limits turned out to be job killers for Bermudians instead of job savers. The statistical and anecdotal evidence support this assertion per cent. The new government has reversed this and acted decisively, taking one first step to improve job opportunities for Bermudians. The other component of competitiveness is speed of delivery. Government is in the process of speeding up approvals required for a wide range of circumstances: Government established a Cabinet Committee called the Economic Development Committee whose mandate is to compress the time taken to obtain the necessary approvals for direct inward investment into our island.
To restart economic growth we are in urgent need of major flows of direct inward investment capital. Unwelcoming and bureaucratic procedures reduced the flow of inward direct investment to virtually a trickle. It is a private public partnership that is intended to spearhead the promotion of Bermuda as a preferred domicile for a variety of international business activities, including reinsurance, asset management, trusts and fund administration.
This involves organizing all the relevant stakeholders and formulating a coherent mission for the BBDC and strategies to achieve that mission. The Government, through the Bermuda Economic Development Corporation will continue to support Bermudian entrepreneurs in their quest for success and will take any other necessary steps to stimulate economic growth through these non-tax policy driven initiatives.
Government found itself in the difficult position of, on the one hand, needing more revenue to pay for its operations and debt service, while on the other hand, not wanting to cripple the economy further with major tax increases. In the previous budget there were two tax initiatives to stimulate economic activity and employment.
The first was the two year payroll tax holiday for new Bermudian hiring. This tax holiday lowers the marginal cost to an employer for a new Bermudian hiring. Only an employer can create a job. The payroll tax cost to the employer for any new Bermudian hire will be zero, although the portion of the tax normally deducted from the employee will take place as usual, like any other worker.
This will be an incentive for employers to hire Bermudians. This tax holiday will not be available to employers for their existing Bermudian employees. Government expects this tax holiday to be, at the very least, revenue neutral as the effect of more Bermudians in the workforce will counteract the revenue lost from the tax holiday itself.
In , the Licence Fee was 25 per cent of the value of the property. It was proposed to cut this fee to 8 per cent for a period of 18 months, rising to For condominiums, not used for tourism purposes, it was proposed to cut licence fees from 10 per cent to 6 per cent, increasing to 8 per cent in 18 months. For PRC holders it is proposed to reduce licence fees to 4 per cent, increasing to 6 per cent in 18 months.
The lowering of licence fees as outlined will stimulate much needed inward direct investment into Bermuda. The purchase of a new house, particularly those at the highest echelons as represented here, is frequently accompanied by renovations or customization of some description.
Local construction companies will be required to carry out such modifications, thereby increasing the demand for labour in that depressed sector. As these customizations will be varied in scale and scope it should create opportunities for construction firms both large and small, thus creating a considerable diffusion of opportunity in the sector.
Government revenues has anticipated this action to have a positive effect, with the reduction in fees to stimulate a more than proportionate increase in transactions. Secondly, there has been no adjustment in stamp duty rates, so revenues from these will increase.
Thirdly, if construction activity is stimulated, revenues will accrue to Government via payroll taxes for the jobs that will be created.
Customs Duties will also rise due to the increased volume of building materials that will have to be imported. Encouraging them to own a home in Bermuda can only be a good thing for Bermudians, as it enhances the connection of their Bermudian employing enterprises to our island. This is a win-win proposition for all concerned. This tax incentive will in no way increase the number of properties in Bermuda available for sale to non-Bermudians. The effect of the adjustment is that 96 per cent of the residential properties will not see any changes in their land tax bill.
Newspapers abroad have commented on this in their summaries of advantages and disadvantages to homeowners in various jurisdictions. Bermuda Casino Gaming Commission The Government is still to decide if betting shops need tougher regulation to block money laundering and terrorism funding as a critical international assessment looms on the horizon.
But with only five months to go before overseas experts from the Caribbean Financial Action Task Force visit the island to assess whether sufficient countermeasures are in place in the financial sector, nothing has been decided.
A government spokeswoman, asked if the risks had been assessed to see if anti-money laundering and antiterrorism funding laws needed to be introduced, told The Royal Gazette in February: The letter was shared with Mr Burt, then Opposition leader. In his resignation letter of July , Mr Schuetz wrote: The Ministry of Finance must conduct due diligence before a certificate is issued and only then can an applicant seek a licence from the Betting Licensing Authority.
Members of the public can view files on betting licences but the paperwork does not show whether the licensing authority conducts background checks on foreign individuals with a stake in betting shops here. If CFATF looks at the money-laundering countermeasures in place for the betting industry, it is likely to consider whether industry operators are subject to stringent enough suitability checks. The government spokeswoman said: The spokeswoman added that the overall assessment of oversight of the betting industry would include a review of whether the selling of overseas lottery tickets needed to be monitored by the Government.
The chambers session on March 7 in the matter of Bermuda Casino Gaming Commission versus Richard Schuetz was held behind closed doors, despite a request from The Royal Gazette to attend and report on the civil proceedings. A temporary injunction was later granted and Mr Schuetz is now barred from talking about his time at the commission on the grounds that he breaches his contract by doing so.
In his decision on the need for a secret hearing, Mr Justice Kawaley said: The private hearing was reasonably required both to support a claim designed to protect confidential information and to protect the authority of the court. In part because of this evidence, it was not obvious to me what further contractual breaches might be triggered by giving the defendant notice of the injunction application.
The Royal Gazette has applied for a copy but has yet to receive it. Neither the commission nor Mr Schuetz responded to requests for comment.
The former executive director of the Bermuda Casino Gaming Commission was barred yesterday by a court from any discussion of his time in charge of the regulatory body. The civil case and the names of the parties involved were listed on a court schedule issued on Tuesday afternoon.
But an amended court schedule released yesterday morning had the names of the parties removed. He also spoke out against an amendment to gaming legislation to bring the commission under ministerial control. I sincerely believe that this island will prove incapable of keeping people with questionable backgrounds and behaviors away from the industry.
The Chief Justice said he had considered the material filed and was satisfied that there was a prima facie case to have an ex-parte hearing in the absence of the public. He disagreed with our argument that the process of whether a hearing is going to be public or private should be held in open court. He determined that that is not the correct manner in which he determines these types of applications. He said he was not there to represent anyone, but had obtained a copy of the writ filed by the commission from the court.
Mr Knight said that any member of the public could do the same and that there could be no justification for holding the hearing in private. A court official said: The plaintiff has requested a private hearing and the Chief Justice has acceded to this request. The grounds on which he has made this decision are themselves confidential and cannot be disclosed at this time. The publicly funded commission was represented yesterday by Richard Horseman of law firm Wakefield Quin. The gaming commission has advertised for a replacement for Mr Schuetz as executive director.
Mr Dunch said the commission had completed its work a year ago and that he was surprised it had taken the Government so long to proceed. Mr Simmons told Parliament: Once we began having a communication between those two bodies, things moved apace.
Mr Gibbons told MPs: When we took office, the same position held under the new Attorney-General and their group. There had to be co-operation between the two bodies to move past that. And so that has been adjusted. With the exception of the phasing suggestion, there is nothing new in the detail provided by the minister and, indeed, one is left wondering why it has taken a further eight months to progress work that was in effect completed almost a year ago.
They were presented in a manner which should have enabled immediate tabling before Parliament so as to have a comprehensive regulatory process in place prior to the licence applications process being completed. Mr Dunch said this was completed on June 29, by which time the General Election had been called and Parliament dissolved.
On any basis, it would therefore seem that the real stumbling block in terms of moving matter forward was beyond the curtilage of the commission itself.
The second phase will consist of regulations that must be in force before casino construction can start and the final phase would need to be enacted before construction was completed and the casino opened. Mr Simmons and the Bermuda Casino Gaming Commission did not respond to requests from The Royal Gazette for more detailed information about which industry standards were being used as a model for the regulations, what the regulations would contain or when they were expected to be completed.
But Richard Schuetz, former executive director of the regulatory body, claimed it was highly unlikely that local banks would get permission to be involved from their correspondent banks in the United States.
David Burt, the Premier and Minister of Finance, said: A Clarien spokesman said: Upon completion of this analysis, Clarien management will make a risk-based decision to progress further discussions with various stakeholders including our board and shareholders and, most importantly, our correspondent banks.
However, the commission is seeking the advice of our overseas counterparts as to any other options which might be available to a casino operator. The gaming commission has granted one provisional casino licence so far, to the Hamilton Princess Hotel and Beach Club. He made the claim on November 10 last year, but information released in response to a Pati request has shown the commission had no statutory duty to complete assignments for the NAMLC or participate in its meetings until November 3.
Richard Schuetz, the former executive director of the commission, questioned how the BCGC could be said to have failed in the space of a week. He added that he had been unable to oust Alan Dunch as chairman, despite three requests for him to resign.
An information official said: Despite this, much work remains in this area. I am confident, however, that under the current leadership the excellent staff at the BCGC will deliver. Under the new leadership, this work is now complete. Commission lawyer Deborah Blakeney said: Myself, Julie Grant, Deborah Blakeney, [commissioner] Derek Ramm and other members of the commission started attending meetings long before they were required and this involved a great many meetings.
I had numerous conversations with NAMLC representatives and asked for them to clearly communicate with me if we were ever not holding up our end of things.
None ever communicated that there was a problem with the commission. He said he did not want to comment on anything else about the commission. The commission is working diligently to ensure that our legislative framework will also meet the timeline set by NAMLC. We have agreed to work towards meeting all of the required deadlines. A controversial law change to give the Government more control over the gambling watchdog was backed by the Senate yesterday. The amendments were designed to empower the responsible minister to give policy direction to the Bermuda Casino Gaming Commission after consultation and to fire commissioners.
He suggested that disputes could be handled by independent arbitration. Jason Hayward of the PLP said that the amendments were in line with Singapore legislation used as the basis for the rest of the Act. He added the new gaming commission had no objection to the amendments. He added that the PLP was accountable to the public and that the direction of gambling must be in line with the will of the people.
She claimed public comments by the outgoing Gaming Commissioner Alan Dunch were more damaging. She said much of the debate had become a battle of personalities. New legislation to let the tourism minister fire members of the Casino Gaming Commission and issue policy direction to the regulatory body was passed by MPs on Friday night.
The Casino Gaming Amendment Act came under strong criticism in recent weeks. Opponents of the change said it eroded the independence of the commission. Mr Simmons said the Government had taken note of concerns about the Act and made the two changes to the original Amendment Act after consultation with the new gaming commissioner, Cheryl-Ann Mapp.
The second amendment added: But Opposition MPs said the new amendments only watered down the overall impact of the legislation and did little to address their main concern of government interference with an independent body. The Government has been given a mandate and it is right that mutual trust and respect exists for Government to execute that mandate. He also confirmed that three commissioners had resigned. They will not allow me to decide who gets casino licences.
Six PLP members were absent from the chamber at the time of the vote: Only Mr Weeks had declared himself absent at the start of the day.
Civil liberties organisation the Centre for Justice has urged Jamahl Simmons, the Minister of Economic Development and Tourism, to delay putting an amendment before the House of Assembly tomorrow that would allow him to fire leading members of the Bermuda Casino Gaming Commission without cause.
Despite the resignation of Alan Dunch as chairman of the commission, and the subsequent departure yesterday of Garry Madeiros, his deputy, Mr Simmons plans to proceed with a Bill that could lead to the independent body coming under ministerial control. Gaming, in and of itself, is one such area that does not concern CfJ.
However, in this instance, the Bill seeks to make changes to existing legislation that appear to deal with matters of good governance. The deputy chairman of the Bermuda Casino Gaming Commission is expected to resign today.
The meeting is the last to be chaired by Alan Dunch, who quit last month after tourism minister Jamahl Simmons tabled an amendment to the law to give himself the power to sack commissioners without cause. All five commissioners opposed the Bill, which is due to be debated by MPs on Friday. He said that the change would not allow him to influence licence decisions.
A replacement for him has yet to be found. Mr Madeiros and Mr Dunch declined to comment yesterday. The Government will not withdraw its controversial plan to bring the Bermuda Casino Gaming Commission under ministerial control, tourism minister Jamahl Simmons said yesterday. Mr Simmons, moments after Cheryl-Ann Mapp was announced as the new commission chairwoman, insisted he would press ahead with an amendment to the law to give him the power to issue policy directions to the regulatory body and fire without cause commissioners appointed for a fixed term.
We are providing funding for these entities and while we will respect their independence, which should be based on their expertise in their respective fields, there has to be a measure of policy direction when and if necessary. But Mr Burt, flanked by his Cabinet, said: It is important that commissions and organisations which are created by Acts of Parliament and are by funded by the taxpayer work co-operatively with policymakers, which in this case are the persons behind me who were chosen by the people of Bermuda on July To say the Government is taking away the independence of the commission is not true.
It is necessary for the Government to have a working relationship with the Bermuda Casino Gaming Commission. Mr Simmons made three unsuccessful attempts to get rid of Mr Dunch, before he tabled the amendment. The PLP attacked the last One Bermuda Alliance administration after it failed to hold a promised referendum on gaming. But Mr Simmons ruled out a referendum under the new administration. A Bermuda lottery would be a tax on the poor, the executive director of the Casino Gaming Commission warned yesterday.
Richard Schuetz said a lottery would not benefit the community. They are known as a regressive tax. Jurisdictions use them to raise money, and they raise it on the backs of the poor. But Mr Schuetz said: He told the station: But Mr Schuetz raised several concerns about legalized lotteries.
Furthermore, empirical studies have demonstrated that lottery sales increase during the times of the week or month when transfer payments are made. A classic example of a transfer payment is welfare. Asked why lotteries would be viewed as regressive tax and casinos not, he said the cost of entry was a key point.
This is a small island. This means that the jackpots would be very low and the administrative costs would be quite high as a percentage of revenues. Government did not respond to requests for comment by press time last night. He had been appointed Assistant Attorney-General in and assigned to gaming enforcement, and served as deputy director from until November Mr Rover acknowledged his five-year relationship with Richard Schuetz, the executive director of the Bermuda commission.
New regulations were tabled by Government designed to set taxes and fees for casino gaming in Bermuda. It is feared by some MPs the fee structure would deter operators coming to Bermuda.
The Casino Gaming Amendment Act was passed without opposition in the Senate this morning paving the way for a new stream of economic activity on the island. Mr Fahy said that full assessments had already taken place and the amendment would merely offer flexibility on only minor changes from here on.
The public will also be aware that the developer has made some changes to accommodate concerns raised by the Historical Building Advisory Committee relating the site line to Fort St Catherine and will also be providing public parking to facilitate beach use by the public. A two-year exclusion for any public officer involved in gaming from business in the new industry was denounced as a superfluous restraint of trade, with MPs calling it unnecessary given the anti-bribery legislation already in place.
Mr Roban also queried whether Cabinet had circumvented the gaming commission in the exception for the East End developer.
Mr Crockwell questioned its timing, telling the House he had never seen it among amendments that came across his desk during his time as minister. Both disaffected MPs added that the Bill would require their reluctant support if gaming was to go ahead. What work has been done to make sure that this decision will not come back to bite us?
This is about keeping Desarrollos at the table. We have to think very, very carefully about what granting a provisional licence to Desarrollos means.
This Bill is certainly needed and we want the gaming industry to get off the ground, but it is certainly clear this is a troubling development and it should concern all parties. Ms Brock served as Ombudsman for more than eight years and as the director and vice-president for the Caribbean and Latin America at the International Ombudsmans Institute.
Ms Brock will be an integral person in helping to make certain that our activities will operate at the highest standards of integrity and ethics, and to ensure that the casino experience will enhance the tourism profile of the Island, and increase investment and employment for the people of Bermuda.
A gaming senior executive from the United States has been appointed executive director of the Bermuda Gaming Commission. Richard Schuetz will leave his post as commissioner for the California Gambling Control Commission to start work on the Island on September 1.
Commission chairman Alan Dunch stated: His extensive experience as both a casino operator and as a regulator make him ideally suited to ensure that the Bermuda casino experience operates with a high degree of integrity, and offers an additional world-class tourism amenity for Bermuda.
Mr Ramm was appointed from overseas and serves as director of anti-money-laundering programmes for the Ontario Lottery and Gaming Corporation. He is responsible for the oversight of anti-money-laundering compliance at 24 casinos. The Bermuda Government announced the first three members of the Casino Gaming Commission, who will be tasked with regulating the industry.
The five-member commission will be led by Alan Dunch, who was named chairman. Garry Madeiros was named deputy chairman while Dennis Tucker will also serve on the commission. Tourism Minister Shawn Crockwell said the two remaining appointments have yet to be made, but one of the posts will be a former gaming commissioner from another jurisdiction with experience dealing with money laundering.
The reason why I want to start now is that there are training opportunities in the very near future and I wanted to have, particularly the chairman and deputy chairman exposed to them, so we are getting the ball rolling.
I don't know how long it will take to identify the overseas member, but a list is being compiled now so we don't expect it to be too long. The commission will be tasked with regulating the casino gaming industry on the Island when it is introduced, and will be the only entity which will determine who receives a casino licence.
Legislation passed last December allows only three casino licenses to be in effect at any given time. The transfer of a casino licence without a fresh application to the commission will be prohibited, and licence-holders will be required to report any material changes in their circumstances. The commission will also have the power to approve the layout of a casino, gaming equipment and hand out licenses for key casino employees. I remain confident that resort casino gaming is right for Bermuda and that most Bermudians supported the legalization of gaming in Bermuda.
It is now imperative that we put the regulatory structure in place to ensure that we create a responsible and highly respected gaming industry in Bermuda. The Government scrapped the referendum plans in a decision which drew harsh criticism from opponents but were able to pass the Casino Gaming Act in both the House of Assembly and the Senate. Further gaming regulations are expected to come before Parliament later in Responsible for the regulation and safety oversight of aviation in Bermuda and all aircraft on the Bermuda Aircraft Registry.
The current Registry includes a mix of both private aircraft and commercial aircraft operated under Article 83 bis Agreements. During his visit, he met with David Burt, the Premier. The over boards of political appointments acceptable to the Premier include, at the top, a reference to the relevant Act of Parliament and all members of that Board.
They advise their respective Ministers - who may use his or her discretion instead of accepting their recommendations.
Bermuda is continuing its glide path towards budget equilibrium, but there is still some way to go as shown by the latest revenue and expenditure figures. At the halfway point in the fiscal year it is on target to hit that mark, although current expenditures excluding debt service are presently tracking 0.
The rate of debt growth is slowing as the gap between revenue and expenditure narrows. The Government is looking to balance the budget by Figures released yesterday by the Ministry of Finance show that in the six months to the end of September there was stronger than expected Custom duty receipts and an uptick in payroll tax. Those, together with higher collection of stamp duty, led to a 6. The Ministry also released an update on economic indicators for the calendar year to the end of September.
In addition, economic indicators for the first six months of the year revealed: The Government is obliged to pay 2. However, the rate of debt growth is slowing as the gap between revenue and expenditure narrows. Revenues for the period were 6. In a statement, the Ministry of Finance said these revenue boosts were offset by lower collections in passenger tax and civil aviation receipts due to the privatization of the airport and the transfer of the Department of Civil Aviation out of government.
Government plans to increase revenues by 4. For every dollar of revenue that the Government takes in during this upcoming year, The greater the debt, the larger the debt service costs; the larger the debt service costs the less money Government has available for crucial social and safety services.
The danger point here is simple: Such casual attitudes to the national debt are both irresponsible and dangerous. But to achieve that, it plans to generate a further 6. Mr Richards said that with interest rates on a rising path, financing future deficits would become more expensive. The Premier was accompanied on the trip by a Ministry of Finance official and the director of the London UK office was also involved.
Lovitta Foggo, the Government Reform Minister, said the page contained current and historic information and would be updated as ministers travel overseas. One of a number of government quangos. Government refused to release a page report on the Bermuda Land Development Company, which cost taxpayers tens of thousands of dollars. The clerk at the House of Assembly was asked to check if the report was ever tabled for MPs to read. A Works Ministry spokesman said yesterday: The Base Lands Development Act requires a report and financial statements to be tabled each year by the Minister responsible.
Auditor General Heather Jacobs Matthews stated: The actions of the chairman and deputy chairman clearly represent a breach of fiduciary duty. He is also Chief Justice of its Court of Appeal. Mr Fergusson, as Governor, is bound under the constitution to appoint members before the end of The commission will report to Parliament on whether changes in constituency boundaries are required, and to specify changes if so required.
Each constituency is about 0. The senior notes which will yield at least 4. The Ministry of Finance will hold special sessions to explain the issue tomorrow at 5. Applications for the issue are open to Bermuda residents subject to the laws of any applicable jurisdiction and persons with Bermudian status who may be permitted without further action by the Government and under the laws of their respective jurisdiction of residence to subscribe for securities of this nature.
The BSX said the interest rate will be dependent on market demand, but will be at least 4. Butterfield will accept subscription applications from permitted purchasers until 5pm on Friday. Subscription applications are available at Bank of Butterfield or through personal application at the firm's offices at 65 Front Street, or via a broker. Cabinet Building, Cenotaph and War Memorial Health and safety concerns forced the move, according to Michael Dunkley, who said it was his goal to have Cabinet back at Front Street by Remembrance Day.
A company spokesman added that the Government Estates Department had negotiated a discounted rental agreement, which included looking at other premises. In February, an air-quality assessment picked up elevated carbon monoxide, high internal humidity, and mould, while damaged floor tiles showed asbestos in the basement, which was sealed.
Designed in , the main building houses the Office of the Premier, the Secretary to the Cabinet, the Deputy Head of the Civil Service and all related administrative officers. Innovation House, adjacent to Rock Island Coffee, was taken over by its new directors in December Cabinet will be the first tenant to join the premises, which houses several other businesses.
Cabinet Office, showing a long line of official Bermuda Government Ministerial cars parked outside. Designed in by an officer of the Royal Engineers then serving in Bermuda. When it was first opened in , it was known as "The Public Building", part of Bermuda's civil colonial government during the reign of Queen Victoria. It then housed the Customs and Treasury Departments and the Bermuda Library on the ground floor with the Council Room and the Secretariat on the upper.
It has remained the home of the Council and the Secretariat ever since, with the exception of a period of nine years when the Executive Council was based in offices on the second floor of the General Post Office at Church and Parliament Streets. Entering the Entrance Hall, the doors are of Bermuda cedar. These doors were installed in , completing the renovations to the ground floor of the Cabinet Building.
There is a large portrait above the stairs, facing down into the Entrance Hall, which is that of Queen Victoria, a copy an original portrait which hangs in St James' Palace, London and is on loan from the St. George's Foundation of New York. It shows the young Queen at the beginning of her reign, shortly after her marriage to Prince Albert of Saxe Coburg-Gotha. To the right is a portrait of Sir Edwin Sandys, a member of the Bermuda Company during the early years of colonization.
Lord Sandys, a descendant of Sir Edwin, had two copies made of the original portrait and in kindly presented one to Bermuda and the other to the House of Burgesses in Richmond, Virginia, to mark the th anniversary of the settling of both Bermuda and the Virginia Colony. From the large casement window in the Upper Hall a pleasant view of Hamilton Harbour can be seen which, from April to November each year, includes cruise ships alongside Front Street. At the latter, the portraits had been removed from display and put in storage.
It was the taxation policy of the British Government that had so exasperated the North American colonists that on 4th July, , they proclaimed their independence from Great Britain. To the left of the door leading into the Senate Chamber is a portrait of Sir Francis Forbes who enjoyed a successful career in the legal profession and, moving to the Southern Hemisphere, served as a Chief Justice in New South Wales.
When Parliament is in session, the Senate meets at The gallery to the left of the main entrance is for the use of the public. To the right, there is a small glass topped table. Beyond, on top of the bookshelves, is a long glass case, which contains The Black Rod. This is the emblem of office carried by a senior Police Officer who, when the Governor is about to open Parliament following a General Election or a seasonal Recess, summons the elected representatives from the House of Assembly and leads them in procession to the Senate Chamber.
The Black Rod in the case was fashioned by the Crown Jewelers and is topped with a silver Coat of Arms and tipped with an inset Bermuda crown piece.
It was presented to the Government in by Mr. Outerbridge who gave many years of service to Bermuda, in the House of Assembly both as a member and as Deputy Speaker, and subsequently in the Senate then known as the Legislative Council. The portraits above the Black Rod are of former Senate Presidents.
They were Senator the Hon. The two velvet covered beneath the portraits were used by Sir J. Between the two portraits is the Royal Coat of Arms and beneath this is the dais from which the Governor, when opening Parliament, delivers the Throne Speech setting out the Government's programme for the next Session of the Legislature. The chair on the dais, now used as the Throne, has an interesting history: Governor of the Sumer Islands Ano do ".
In , Josias Foster's chair was discovered in the Island of St Croix in the West Indies, having been taken there by his descendants in The chair was duly purchased from the family and on return to Bermuda was installed in its current place of distinction. The original circular table around which Bermuda's Senators deliberate, has also served many and varied international gatherings.
Macmillan met with President Kennedy of the United States. On each of these occasions the table has been dismantled and removed to another, larger location. The twelve armchairs in use with the table were obtained by the Hon. Robert Kennedy, the Colonial Secretary of the day not to be confused with the much later American by that name who, in , wrote from abroad to his deputy Charles Fozard: They are elbow chairs of a very suitable pattern I will pay the cost out of the balance of the Powder Fund money in my hands, which is, I believe, about one hundred pounds.
Two signed lithographs on the southern wall 0f the Chamber show Queen Victoria and Prince Albert, and were presented by their son Prince Alfred, when he visited Bermuda in The lithographs were restored at the British Museum in Immediately beyond the flagpole located at the front of the Cabinet Building is the Cenotaph -Bermuda's memorial to those who died in the world wars of and The monument is a replica of the Cenotaph, which stands in Whitehall, London and except for the engraved slabs, which came from England is built entirely of Bermuda Limestone.
On the Cabinet Grounds just east of the Cenotaph sits the War Memorial which was completed in November by the Ministry of Public Works and contains the names of almost 3, Bermudian men and women who served in the two World Wars.
Names are inscribed on seven highly polished black granite slabs and a diamond emblem in gold leaf beside a name indicates that the serviceman or servicewoman is on the roll of honour and lost their lives in wartime service. A fountain in front of the memorial is made of a granite base and a highly-polished pink granite ball which is the same stone used in the Anglican Cathedral in Hamilton.
Seating is provided at the memorial and it is a serene place where surviving War Veterans, their children or grandchildren, other relatives, members of an appreciative public and visitors may gather to reflect upon and pay respect to those who served our Island so heroically during the Great Wars.
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