Daily Archives: May 31, 2013

Smart partnerships needed in tough times

Barbados money tenner

Adrian Loveridge, small hotel owner - now selling!

Adrian Loveridge, small hotel owner – now selling!

Short of a miracle and/or a radical change in the way we do business, it appears we have headed into one of the most challenging tourism summers in recent history – hot on the heels of a poor winter.

With still no game changing strategies, other than one or two tinkering offerings on the horizon, is there more ‘we’ can do to avoid further widespread lay-offs and closures?

The answer has to be YES! And I think we can start by looking at further opportunities on our doorstep.

For ages, I have admired the work of the Barbados Association of Retired Persons. My wife and I have been lifetime members for a number of years and I cannot even begin to think of the savings it has brought us during that period, far outweighing any annual subscription fees.

For a number of reasons  I only purchased my first public company shares just over half a decade ago on the recommendation of our accountants. If we are lucky, our small capital investment will return to the level that we initially put into fund by the end of 2013. Ironically, in their latest quarterly report, the fund managers reminded us that during the last five years, cumulative inflation on Barbados reached 38 per cent and that any investment placed with them  ‘should outperform money left in a savings account over the long term’. Continue reading

Advertisements

2 Comments

Filed under Barbados, Barbados Tourism, Consumer Issues

A little bit of history: The Barbados Water Supply Company, Limited

barbados water supply (click photo for large)

October 1, 1891 Debenture

You know how it is… you’re just surfing the net going from one thing to another and suddenly you’re into an area of interest you’ve never seen before. In this case it’s a debenture from 1891 for The Barbados Water Supply Company, Limited and it’s for sale for US$139.95 at Scripophily.com.

Then from there I ended up in the UK government archives, again in 1891, reading about how the Barbados Water Supply Company needed more time to finish laying water supply pipes. (A cynic might say the job still isn’t finished!)

“1 item (enclosure with report by Acting Attorney General W Herbert Greaves, 7 November 1891) extracted from CO 28/231. ‘Barbados. Parsons small scale map’: showing water pipes laid and stand pipes erected. Reference note. Compass indicator. Signed: P N S Jones, Resident Engineer, 2 November 1891. The report concerned an act extending the time granted to the Barbados Water Supply Company, Ltd, to complete their works.”

There’s all sorts of Barbados documents in the UK archives and I could spend hours exploring, but I’ll leave that for Sunday.

4 Comments

Filed under History