The Bermuda Police Service confirmed that an investigation took place into the crime, but are otherwise flummoxed. Asked if the lack of funds has had any impact on the club, Mr Minors added: We are able to operate, but not in the capacity we would like to. Carlton Smith, president of Cleveland County, said: If we get the money and everything is straight then everybody is happy.
The Bermuda Police Service confirmed that an investigation took place into the crime, but are otherwise flummoxed. Asked if the lack of funds has had any impact on the club, Mr Minors added: We are able to operate, but not in the capacity we would like to. Carlton Smith, president of Cleveland County, said: If we get the money and everything is straight then everybody is happy.If I had the money, I would be able to pay off some bills; I have distributors I need to pay off and things like that. I will definitely need it by the end of February because we have a cash incentive programme for my club cricketers.
By coming together, there is, perhaps, an immediate pain in business where there are some jobs lost but eventually it ends up being a stronger company that can achieve and employ more and contribute more.
I would encourage those in the third sector to think about areas where it makes sense to consolidate or merge.
Charities have been urged to consider the short-term pain of consolidation or mergers as they battle for survival in Bermudas harsh economy.
Caroline Foulger, chairwoman of Bermuda Business Development Agency, encouraged the third sector to follow the example of the international business community by undergoing tough measures that could lead to a brighter long-term future.
She encouraged members to focus on their core mission in the current climate. Over time, companies, and I am sure your organisations are the same, start to get some mission creep.
You start off doing one sort of thing for your clients and then you morph into doing other things.We have reps who go to the ECCA meetings who report back to the club, but I havent heard anything yet from them regarding the situation.We are giving them [the ECCA] time after the holiday, but we are now well into the new year. A 6ft alleged culprit, described to be of medium to stocky build, was seen fleeing by foot along Great Bay Road.The rest of the funds are meant to be divided among the other three clubs.We all know the money went missing, Otis Minors, the St Davids president, said of the June theft.Ms Foulger was a panelist at the conference along with senior lecturer of economics at the Bermuda College Craig Simmons, writer and economic analyst Larry Burchall, and Kumi Bradshaw of Firm Advisory.The title of their discussion was Survival of the Fittest but Ms Foulger said the title was only shorthand for a more important message from evolutionist Charles Darwin that those most likely to survive are those most responsive to change.Mr Burchall highlighted Bermudas growing GDP but warned that due to the peculiarities and uniqueness of our situation, it is not going to feel like it.It will feel like it is dragging on and that is because our need to service our debt is increasing, increasing, increasing. Mr Burchall spoke positively about the potential economic impact of the Americas Cup but stressed that for our economy to be able to support our debt service cost, it would be crucial to increase the working population in Bermuda from 33,500 to at least 45,000.Speaking at the third sector conference Building Hope at the Hamilton Princess yesterday, Ms Foulger said that job losses could eventually be recouped if the organisations could become stronger.Elaine Butterfield, executive director of the Centre on Philanthropy, which organized the event, has previously warned Bermudas charities are experiencing unprecedented financial pressure, with 65 per cent experiencing an increase in demand for their services coupled with a reduction in donations.