An­tigua block­ing Sco­tia sale

UK Barbados Nation - - NEWS -

ST JOHN’S – Prime Min­is­ter Gas­ton

Browne says the An­tigua and Bar­buda govern­ment will not be held re­spon­si­ble for any run on Sco­tia­bank, as he re­it­er­ated his ad­min­is­tra­tion’s po­si­tion in not pro­vid­ing a vest­ing or­der to fa­cil­i­tate the sale of the fi­nan­cial in­sti­tu­tion here to the Trinidad-based Repub­lic Fi­nan­cial

Hold­ings Lim­ited (RFHL).

A vest­ing or­der cre­ates or trans­fers le­gal own­er­ship of a prop­erty.

“What if there is a run on the bank? Whose prob­lem is it? It will be the prob­lem of Sco­tia Canada, who will have to spend mil­lions of dol­lars to fix the prob­lem. If Sco­tia­bank fails to pro­vide some form of lo­cal par­tic­i­pa­tion, then what­ever hap­pens to the branches here and the Caribbean is their prob­lem,” Browne said at a cer­e­mony in mem­ory of the coun­try’s first prime min­is­ter, V.C. Bird, in the cap­i­tal.

“I say here, we can­not be a cow­ard, peo­ple.

When Sir Vere Corn­wall Bird Se­nior and the 39ers were fight­ing the planter class, they had to get in­volved in un­con­di­tional ac­tiv­i­ties in or­der to fuel change.

“I say pub­licly with­out any fear of con­tra­dic­tion that if Sco­tia­bank fails to pro­vide some form of lo­cal par­tic­i­pa­tion, then what­ever hap­pens to the branch here and in the Caribbean, that is their prob­lem,” Browne told the au­di­ence.

( CMC)

(AP)

CUBAN WOMEN shop­ping at a street mar­ket in Port-au-prince, Haiti.

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