THE PEMBROKE ROTARY CLUB
P. O. BOX HM 134
HAMILTON HM AX
BERMUDA
VOLUME 26 NUMBER 12 28th SEPTEMBER, 2006
Duty Today: PP Bob Flath & PP Gilda Furbert
Duty 5th October: Jack Harris & PP Delano Ingham
Duty 12th October: PP Charles Jeffers & PP John Kessaram
Birthdays: Carole Card 22nd September; Malcolm Swan 26th September
Anniversaries: (None)
Attendance 21st September 19 of 21 (90%)
Honorary Members: PP Donny Tolaram
Visiting Rotarians: Don Voisey, Orangeville, Ontario; Jim Brock, Hamilton
Guests: Capt. Jim Powell, guest of John Kessaram.
Shaun Thompson & Joe Dasilveira, guests of Bob Wood
Chris Hirst & Wynette Phillips, guests of Barbara Edwards
Michael Jackman, guest of Gilda Furbert.
John Wight, guest of George Cubbon
Exchange Student: Felipe Huerta Segura
Impressions from the President’s Blotter
President George launched into several housekeeping issues:
· There are to be 2 new inductees at next week’s meeting (which should be today).
· The search for Felipe’s book has been concluded, successfully.
· The St.George’s Rotary Club BBQ has been rescheduled for 30th September.
· Delano Ingham reminded the Club that we are the hosts for this year’s On-To-Bermuda, giving details of the dates for the Banquet and Home Hospitality.
Meeting of 21st September
Andrew Caulfield was pleased (and relieved) to introduce last week’s Speaker as Jim Brock of the Hamilton Club. Jim kindly stepped in to speak at short notice in lieu of the scheduled speaker and offered to speak on pretty much any subject though eventually whittled this down to 7 which we presumed to be his stronger subjects.
Jim’s presentation centered on the progression of Bermuda from an agricultural economy through its development as a winter tourist resort and the birth of the reinsurance business. Calling upon his substantial experience as Financial Secretary, amongst other positions, Jim led us through the establishment of ELBON and major oil companies domiciled on the Island, the formation of captives including ODECO which was subsequently 25 years in liquidation. There were many issues with the IRS over the question of captives.
1984 was a notable year; the disaster at 3-Mile Island led to reinsurers excepting nuclear risks since they could not be measured. This ultimately led to the self-insurance of these companies. Jim advised that Bermuda welcomed these companies and boasted that they could be formed locally in 15 days, as compared with 2 years in the US.
The speaker was thanked by George Cubbon.
The raffle was won by Yvette Swan.
He’s back…..
“People can read everything they want into it when they hear ‘faith-based initiative’. That all of a sudden open’s everybody’s imagination in the world to vast possibilities, some of which exist and some which don’t.”
George W. Bush
July 16, 2003
Living in a world of nonexistent possibilities. Washington, D.C.
Executive Officers 2006/07
President: George Cubbon International Service: Dr. Yvette Swan
President Elect: Donato Sgobba Club Service: Alfred Wilson
Vice President: Bob Wood Community Service: Barbara Edwards
Treasurer: PP John Kessaram Vocational Service: George Scott
Secretary: Bob Wood Sergeant-at-Arms: PP Andrew Caulfield
Scribe: PP Andrew Caulfield