EDITOR, The Tribune.
So PM and Minister Bannister are talking about this new fangled investment instrument they want to promote.
Seems to be sort of a REIT – Real Estate Investment Trust - fixed guaranteed interest (frightening for Government!).
Now Minister Bannister says there will be restrictions on who may purchase…as a lawyer I presume the Minister has read Article: 26 on Discrimination in the Constitution? You can limit everyone on the value or amount of Bonds or instruments they may purchase but you can’t tell Brent or Dionisio or Duane you can’t purchase!
In my opinion this is only a sly way to avoid adding to the debt…Pay a lower interest for B$’s that the banks would require and still do the development. Can’t have peppercorn rents now they have to be market value.
Why can’t the FNM ever get something right when they think out of the box?
MARIAN MURPHY
Nassau,
May 5, 2019.
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