Ralph Williams was a very bizzy guy in July – and that was long before his wedding on Saturday or the announcement at the Hilton that he and his brother Sir Charles are intending to take over Barbados Farms Ltd.
While our opinion is just that, have a look at the story in the Nation News and ask yourself…
“Would the Williams brothers purchase controlling interest in Barbados Farms Ltd. on mere speculation that a decade from now the government (read “Owen Arthur”) might or might not approve a change of land use from agricultural to residential development?”
You have to laugh at the Williams’ statement that they intend to make the company “profitable”.
In Barbados there are massive profits to be made through one simple step – by changing land use permissions to enable agricultural land to be developed. Some folks have the greatest “luck” in obtaining permission to develop agricultural lands, while others (typically small farmers) sell out after waiting for decades – and then watch the new owners make millions in a matter of weeks.
The Prime Minister and other members of government have time and time again been implicated in corrupt activities surrounding land permissions, and the corruption continues unabated.
Trust your own judgment on this folks – but we say that land use permissions are already a done deal with the Williams brothers’ interest in Barbados Farms Ltd.. The only question we have is… how much will the Prime Minister personally make when the lands are developed?
Without laws against such corrupt behaviour, Owen Arthur continues to be free to profit from his official acts and decisions – and to make such decisions so he can personally profit from his position.
Here’s an excerpt from the article in The Nation News. Does it sound like the Williams brothers know what they are doing, or not? …
The two said they were committed to keeping a percentage of the more than 4 000 acres owned by Barbados Farms in agriculture, but also intended to place a portion of the land into housing developments aimed at low-and-middle income owners.
Sir Charles said they were prepared to sell house and land for between $120 000 to $200 000 at the lower income level, while the middle income housing could cost up to $500 000.
Their companies, Williams Industries Inc. and CO Williams Construction Ltd., are joining with three other entities in which the Williams brothers hold interests – Foursquare Estates Ltd., Eastern Land Developments Ltd., Astracan Inc. – to form Agricultural Investments Inc., which is angling for at least 50.1 per cent of Barbados Farms.
… read the entire article in The Nation News (link here)