NOTICE NO. 1
BARBADOS COMPANIES ACT, CAP. 308
Golden Variety International, Ltd.
(Company No. 38535)
NOTICE IS HEREBY GIVEN that the
Shareholders o f GOLDEN V A R I E T Y INTERNATIONAL, LTD. (Company No. 38535) have
by Special Resolution authorized and directed that the Company be dissolved and liquidated voluntarily in accordance with the provisions of Section 364 of the Act.
Dated this 15th day of January, 2024.
BRIAN M. CLARKE
Director.
NOTICE NO. 2
In the Estate of
CARSON ORLANDO BROWNE
also known as CARSON O BROWNE also known as CARSON BROWNE
Deceased
NOTICE IS HEREBY GIVEN pursuant to Section 31 of the Trustee Act, Cap. 250 of the Laws of Barbados, to any person having any claim against or interest in the Estate of CARSON ORLANDO BROWNE also known as CARSON O BROWNE also known as CARSON BROWNE, deceased, late of 4th Avenue Lower Carlton in the parish of Saint James in Barbados deceased who died at Queen Elizabeth Hospital in the parish of Saint Michael on the 21st day of May, 2021 to send particulars in writing of his or her claim or interest to FELICIA S. MORRIS of Morris
& Kellman Attorneys-at-Law Manor Lodge Complex Green Hill in the parish of Saint Michael, Barbados on or before the 18th day of March, 2024 after which date the Executors will convey and distribute the assets of the Estate among the persons entitled having regard only to the valid claims of which they shall then have had notice. And all persons indebted to the said Estate are required to settle their indebtedness without delay.
Dated this 15th day of January 2024.
FELICIA S. MORRIS
Attorney-at-Law for the Executors
of the Estate of CARSON ORLANDO BROWNE also known as CARSON O BROWNE also known as CARSON BROWNE, deceased.
Independent Auditor’s Report on the Summary Financial Statements for Amphora Life Insurance Company Ltd.
To the shareholders of Amphora Life Insurance Company Ltd.
Our opinion
In our opinion, the accompanying summary financial statements of Amphora Life Insurance Company Ltd. (the Company) are consistent, in all material respects, with the audited financial statements, on the basis described in note 1.
The summary financial statements
The Company’s summary financial statements derived from the audited financial statements for the year ended April 30, 2022 comprise:
- the summary statement of financial position as at April 30, 2022;
- the summary statement of profit or loss and other comprehensive income for the year then ended;
- the summary statement of changes in equity for the year then ended;
- the summary statement of cash flows for the year then ended; and
- the related notes to the summary financial statements.
The summary financial statements do not contain all the disclosures required by International Financial Reporting Standards. Reading the summary financial statements and the auditor’s report thereon, therefore, is not a substitute for reading the audited financial statements and the auditor’s report thereon. The audited financial statements, and the summary financial statements, do not reflect the effects of events that occurred subsequent to the date of our report on the audited financial statements.
The audited financial statements and our report thereon
We expressed an unmodified audit opinion on the audited financial statements in our report dated November 10, 2023.
Management’s responsibility for the summary financial statements
Management is responsible for the preparation of the summary financial statements on the basis described in note 1.
Auditor’s responsibility
Our responsibility is to express an opinion on whether the summary financial statements are consistent, in all material respects, with the audited financial statements based on our procedures, which were conducted in accordance with Interna- tional Standard on Auditing 810 (Revised), ‘Engagements to Report on Summary Financial Statements’.
Other matter
Our report, dated November 10, 2023 on the financial statements of Amphora Life Insurance Company Ltd. for the year ended April 30, 2022 was made solely to the Company’s shareholders, as a body, in accordance with Section 147 of the Companies Act of Barbados. That report stated that our audit work was undertaken so that we might state to the Company’s shareholders those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law and subject to any enactment or rule of law to the contrary, we do not accept or assume responsibility to anyone other than the Company and the Company’s shareholders as a body, for our audit work, for our report dated November 10, 2023, or for the opinion we have formed.
Bridgetown, Barbados November 10, 2023
PricewaterhouseCoopers SRL, The Financial Services Centre, Bishop’s Court Hill, P.O. Box 111, St. Michael, BB14004, Barbados West Indies T: (246) 626 6700, F: (246) 436 1275, www.pwc.com/bb
January 15, 2024
OFFICIAL GAZETTE 3
| Amphora Life Insurance Company Statement of Financial Position As at April 30, 2022 | Ltd. | |
| (Expressed in Canadian dollars) | ||
| Assets | 2022 $ | 2021 $ |
| Cash and cash equivalents Financial instruments – Available-for-sale investments | 43,169,377 10,071,707 | 46,797,455 10,324,143 |
| – Investments at fair value through profit or loss | 169,919,780 | 138,858,385 |
| – Loans and receivables | 44,178,121 | 44,455,277 |
| Investment property | 26,520,492 | 15,472,539 |
| Property, plant and equipment | 9,839 | 2,342 |
| Liabilities and Equity Liabilities | ||
| Trade and other payables | 4,228,068 | 4,390,790 |
| Current income tax liabilities | 7,344 | 13,514 |
| Insurance contracts | 70,378,490 | 76,365,898 |
| Equity | ||
| Share capital | 13,279,489 | 13,279,489 |
| Fair value reserve | 3,127,437 | 2,006,325 |
| Contributed surplus | 775,725 | 647,603 |
| Retained earnings | 17,777,889 16,510,882 | |
| Total Equity | 34,960,540 32,444,299 | |
| Total Liabilities and Equity | 293,869,316 255,910,141 | |
4 OFFICIAL GAZETTE
January 15, 2024
| Other Share Fair Value Contributed Retained Capital Reserve Surplus Earnings Total $ $ $ $ | |
| Balance at May 1, 2020 | 13,279,489 3,138,625 522,156 14,848,369 31,788,639 |
| Contributed surplus Profit for the year Decrease in unrealised gains on available-for-sale investments | – – 125,447 – 125,447 – – – 1,662,513 1,662,513 – (1,132,300) – – (1,132,300) |
| Balance at April 30, 2021 | 13,279,489 2,006,325 647,603 16,510,882 32,444,299 |
| Balance at May 1, 2021 | 13,279,489 2,006,325 647,603 16,510,882 32,444,299 |
| Contributed surplus Profit for the year Increase in unrealised gains on available-for-sale investments | – – 128,122 – 128,122 – – – 1,267,007 1,267,007 – 1,121,112 – – 1,121,112 |
| Balance at April 30, 2022 | 13,279,489 3,127,437 775,725 17,777,889 34,960,540 |
January 15, 2024
OFFICIAL GAZETTE 5
| (Expressed in Canadian dollars) | 2022 2021 |
| Premium Revenue | $ $ |
| Insurance premium revenue | 992,746 7,759,687 |
| Insurance premium ceded to reinsurer | (230,392) (242,377) |
| Net insurance premium revenue | 762,354 7,517,310 |
| Fee income | 715,068 534,744 |
| Investment income | 12,424,349 7,559,900 |
| Other operating income/(expense) | (1,251,038) (13,480,876) |
| 12,650,733 2,131,078 | |
| Partial surrenders | 2,673,039 2,721,743 |
| Lapsed policies Insurance benefits and movement in insurance and investment contract liabilities | 3,344,764 1,848,207 3,912,594 (5,965,679) |
| Insurance benefits recoverable from reinsurer | (126,027) 591,746 |
| Net insurance claims and benefits | 9,804,370 (803,983) |
| Operating expenses | 1,491,019 1,201,221 |
| Profit before income tax | 1,355,344 1,733,840 |
| Income tax | 88,337 71,327 |
| Profit for the year | 1,267,007 1,662,513 |
| Other comprehensive income: Items that are or may be reclassified to profit or loss Unrealised fair value gains/(losses) on available-for-sale investments | 1,121,112 (1,132,300) |
| Total comprehensive income for the year | 2,388,119 530,213 |
6 OFFICIAL GAZETTE
January 15, 2024
| Amphora Life Insurance Company Ltd. Statement of Cash Flows | |||
| For the year ended April 30, 2022 | |||
| (Expressed in Canadian dollars) | |||
| 2022 $ | 2021 $ | ||
| Cash flows from operating activities Income before taxation | 1,355,344 | 1,733,840 | |
| Adjustments for: Depreciation expense | 2,415 | 2,105 | |
| Unrealised gains on investments | (6,103,539) | (268,169) | |
| Interest income | (3,397,453) | (3,573,509) | |
| Dividend income | (1,104,908) (845,173) | ||
| Operating loss before changes in operating assets and liabilities | (9,248,141) (2,950,906) | ||
| Change in available-for-sale investments | 1,373,548 2,317,260 | ||
| Change in financial investments at FVTPL | (24,957,856) 10,146,467 | ||
| Change in investment property | (11,047,953) (15,472,539) | ||
| Change in loans and receivables | 277,156 4,029,101 | ||
| Change in trade and other payables | (162,723) 3,751,959 | ||
| Change in insurance contract liabilities | (5,987,408) 6,158,805 | ||
| Change in investment contract liabilities | 41,599,234 10,122,017 | ||
| Cash (used in)/generated from operating activities | (8,154,143) 18,102,164 | ||
| Interest received | 3,397,453 3,573,509 | ||
| Dividends received | 1,016,571 773,846 | ||
| Tax paid | (6,169) (12,259) | ||
| Net cash (used in)/generated from operating activities | (3,746,288) 22,437,260 | ||
| Cash flows used in investing activities Additions to property, plant and equipment | (9,912) – | ||
| Cash flows from financing activities Contributed surplus | 128,122 125,447 | ||
| Net (decrease)/increase in cash and cash equivalents | (3,628,078) 22,562,707 | ||
| Cash and cash equivalents – beginning of year | 46,797,455 24,234,748 | ||
| Cash and cash equivalents – end of year | 43,169,377 46,797,455 | ||
| Represented by: Cash balances | 42,247,340 11,155,286 | ||
| Short-term instruments | 922,037 35,642,169 | ||
January 15, 2024
OFFICIAL GAZETTE 7
NOTICE NO. 3 BARBADOS
IN THE SUPREME COURT OF THE JUDICATURE
High Court
In the Estate of
ISRAEL LLOYD KIRTON
also known as ISRAEL KIRTON
PUBLIC NOTICE is hereby given that an application is being made for the following Grant of Letters of Administration namely:-
LETTERS OF ADMINISTRATION to the Estate
of ISRAEL LLOYD KIRTON also known as ISRAEL KIRTON, deceased late of Woodbourne, St. Patricks in the parish of Christ Church in this Island who died in this Island on the 26th day of October 2023 by NICHOLAS LLOYD KIRTON and KYLE ISRAEL KIRTON who
are the sons of the deceased.
An application shall be submitted to the Supreme Court fourteen (14) days from the date of Notice in the Official Gazette and from the date of the second notice of advertisement.
Dated the 15th day of January 2024.
JENNIVIEVE L. MAYNARD
Attorney-at-Law for the Applicants.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Printed and Published by
the Barbados Government Printing Department
VOL. CLIX No. 5
Part C
BRIDGETOWN, BARBADOS, 15TH JANUARY, 2024
Contents Diplomatic
Acting Appointment: Lieutenant Colonel Carlos Lovell
acted as Chief of Staff……………………………………………… 2
Appointment: Mr. Barry Brathwaite to the post of
Instructor III……………………………………………………………. 2
Diplomatic: His Excellency Mr. Wellington Darío Bencosme Castaños, Ambassador of the Dominican Republic 1
His Excellency Mr. Víctor Hugo Morales Meléndez, Ambassador of Mexico 1
His Excellency Mr. Francis Etienne, Ambassador of the
Republic of France……………………………………………….. 1
His Excellency Mr. Gerhard Doujak, Ambassador of Austria…… 1
Her Excellency Mrs. Bengü Yiğitgüden, Ambassador
of the Republic of Türkiye…………………………………….. 1
Her Excellency Mrs. Theodora-Magdalena Mircea,
Ambassador of Romania………………………………………. 1
His Excellency Mr. Samuel Yaw Nsiah, High Commissioner
of the Republic of Ghana………………………………………… 1
Lost Policy Notices for Leroy Williams, dec’d.,
Samuel Squires, dec’d., Brian Auguste, Lisa Alleyne, Clytie Vaughan and Asan Arthur ……………………………2, 3
NOTICE NO. 1
Diplomatic
His Excellency Mr. Wellington Darío Bencosme Castaños, Ambassador of the Dominican Republic, presented his credentials to the President of Barbados, Her Excellency the Most Honourable Dame Sandra Mason, F.B., G.C.M.G., D.A., S.C., LLD., on
Wednesday, August 03, 2022.
The Ambassador is resident in Port-of-Spain, Trinidad and Tobago.
His Excellency Mr. Víctor Hugo Morales Meléndez, Ambassador of Mexico, presented his credentials to the President of Barbados, Her Excellency the Most Honourable Dame Sandra Mason, F.B., G.C.M.G., D.A., S.C., LLD., on Tuesday, August 16, 2022.
His Excellency Mr. Francis Etienne, Ambassador of the Republic of France, presented his credentials to the President of Barbados, Her Excellency the Most Honourable Dame Sandra Mason, F.B., G.C.M.G., D.A., S.C., LLD., on Friday, November 11, 2022.
The Ambassador is resident in Castries, St. Lucia.
His Excellency Mr. Gerhard Doujak, Ambassador of Austria, presented his credentials to the President of Barbados, Her Excellency the Most Honourable Dame Sandra Mason, F.B., G.C.M.G., D.A., S.C., LLD., on
Wednesday, September 28, 2022.
The Ambassador is resident in Bogota, Colombia.
Her Excellency Mrs. Bengü Yiğitgüden, Ambassador of the Republic of Türkiye, presented her credentials to the President of Barbados, Her Excellency the Most Honourable Dame Sandra Mason, F.B., G.C.M.G., D.A., S.C., LLD., on Tuesday, September 20, 2022.
The Ambassador is resident in Port-of-Spain, Trinidad and Tobago.
Her Excellency Mrs. Theodora-Magdalena Mircea, Ambassador of Romania, presented her credentials to the President of Barbados, Her Excellency the Most Honourable Dame Sandra Mason, F.B., G.C.M.G., D.A., S.C., LLD., on Monday, September 12, 2022.
The Ambassador is resident in Havana, Cuba.
His Excellency Mr. Samuel Yaw Nsiah, High Commissioner of the Republic of Ghana, presented his credentials to the President of Barbados, Her Excellency the Most Honourable Dame Sandra Mason, F.B., G.C.M.G., D.A., S.C., LLD., on Tuesday, July 26, 2022.
The Ambassador is resident in Port-of-Spain, Trinidad and Tobago.
Cuba.
The High Commissioner is resident in Havana,
2 OFFICIAL GAZETTE January 15, 2024
GOVERNMENT NOTICES
Appointment to act in the post of Chief of Staff Barbados Defence Force
Her Excellency, the President, has been pleased to appoint Lieutenant Colonel Carlos Lovell, to act as Chief of Staff from January 5 to 9, 2024.
(M.P 10/1/14/2)
Appointment
Mr. Barry Brathwaite has been appointed to the post of Instructor III, Samuel Jackman Prescod Institute of Technology, Ministry of Education, Technological and Vocational Training, with effect from 2024-01-01.
(M.P. 2/48/03 Vol. 13)
NOTICE NO. 2
SAGICOR LIFE INC.
BARBADOS PUBLIC WORKERS’ CO- OPERATIVE CREDIT UNION LIMITED of Keith
Bourne Complex, Belmont Road, St. Michael being the assignees of Policy No. S00107891 issued by Sagicor Life Inc., on the life of LEROY WILLIAMS (Dec’d) has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued.
Dated the 14th day of December, 2023.
By Order, ANDREW C. GREAVES
Corporate Secretary.
NOTICE NO. 3
SAGICOR LIFE INC.
VASHNEE & SONYA SQUIRES of Ashton
Hall, Warrens, St. Peter being the Beneficiaries of the Estate of SAMUEL SQUIRES (Deceased) and having made sworn deposition that Policy No. 077440872 issued by Sagicor Life Inc., on the life of SAMUEL SQUIRES (Deceased) has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued.
Dated the 11th day of December, 2023.
By Order, ANDREW C. GREAVES
Corporate Secretary.
January 15, 2024
OFFICIAL GAZETTE 3
| NOTICE NO. 4 SAGICOR LIFE INC. BRIAN AUGUSTE of #14-3rd Avenue North Wildey, St. Michael having made sworn deposition that Policy No. 0033533 issued by Life of Barbados and assumed by Sagicor Life Inc., on his life has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued. Dated the 27th day of December, 2023. By Order, ANDREW C. GREAVES Corporate Secretary. | NOTICE NO. 6 SAGICOR LIFE INC. CLYTIE VAUGHAN of Lot 5 Crichlow Land, Black Rock, St. Michael having made sworn deposition that Policy No. B001082 issued by British American Insurance Company and assumed by Sagicor Life Inc., on her life has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued. Dated the 21st day of December, 2023. By Order, ANDREW C. GREAVES Corporate Secretary. |
| NOTICE NO. 5 SAGICOR LIFE INC. LISA ALLEYNE of 988 Tamarind Villas, Villages at Coverley, Christ Church having made sworn deposition that Policy No. 077421772 issued by Sagicor Life Inc., on her life has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued. Dated the 19th day of December, 2023. By Order, ANDREW C. GREAVES Corporate Secretary. | NOTICE NO. 7 SAGICOR LIFE INC. CLYTIE VAUGHAN of Lot 5 Crichlow Land, Black Rock, St. Michael having made sworn deposition that Policy No. B003013 issued by British American Insurance Company and assumed by Sagicor Life Inc., on her life has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued. Dated the 21st day of December, 2023. By Order, ANDREW C. GREAVES Corporate Secretary. |
NOTICE NO. 8
SAGICOR LIFE INC.
ALVIN ARTHUR of Apple Hall, Bottom Bay, St. Philip having made sworn deposition that Policy No. 077405543 issued by Sagicor Life Inc., on the life of ASAN ARTHUR has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued.
Dated the 21st day of December, 2023.
By Order,
ANDREW C. GREAVES
Corporate Secretary.
