THIS DAY IN OUR PAST
The following events took place on October 22 in the years identified:
1977:loan A three million-dollar agreement is signed between the Jamaican Government and the Venezuelan Investment Fund. The loan is for 10 years and has a rate of interest of 8.35 per cent per annum, with a three-year grace period. The agreement is signed on behalf of the Government of Jamaica by Deputy Prime Minister and Minister of Finance David Coore, and on behalf of the Venezuelan Investment Fund by the president of the fund, Hector Hurtado, at Vale Royal.
1978:Mark Wong, No. 1 seed in the Men’s Singles Division C, had to battle in a three-setter before eliminating Gary Marr 9-15, 15-6 and 15-12 in the third round of the Davon-sponsored Abbey Court Badminton Tournament at the Constant Spring badminton hall. In the first set, Wong trailed all the way with Marr holding his own with some well-placed shuttle hits to win the first set 15-9. Wong, applying more effective clear drop shuttles, come into his own and wins the second set quite easily 15-6.
1986:Jamaica A transport council of is launched and one of its first acts is to call on the Government to cease the importation of buses after current negotiation for additional rolling stock. It wants, instead, to assemble the units in Jamaica. The council also announces that it will immediately embark on the preparation of a five-year master plan for public transportation in the Corporate Area. The council’s spokesperson, Gloria Jack, presides at the meeting held at Hotel Four Seasons in Kingston. In her inaugural address, she says the savings in foreign exchange from the discontinuation of the importation of buses will be about half the present expenditure on rolling stock imports.
1986:Utilities Minister of Public and Transport Pearnel Charles says Jamaican ports now handle over 800 container ships and about 120,000 containers yearly, earning an annual income of over J$300 million. As a result, the shipping industry is one of the fastest-growing sectors in Jamaica, while the Kingston trans-shipment port is becoming one of the top ones in the world. It is now the gateway to the North, Central and South Americas, he says. Charles states this at a luncheon which he holds for a 15-member team from the port of Gothenburg, Sweden, at the Terra Nova Hotel in Kingston. –The Gleaner Archives