Gov't approves Tourism Policy
About the article
This is a digitised version of an article from The Cayman Compass's print archive. Occasionally, the digitisation process introduces transcription errors, or other problems.
See the article in its original context from April 1995.
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The motion, 2/95, for the Adoption of the Tourism Management Policy was one of two unfinished. matters from the previous meeting of the House.
The House had been adjourned before they could be resolved.
Moving the motion this time, Tourism Minister Thomas Jefferson noted the matter was spoken to at great length and much debate ensued in December last year.
He stressed that it was not an implementation plan. He believed it was the first occasion that government laid a tourism policy on the table of the House and sought approval for its adoption. Members assented to the motion without debate. The other motion, 3/95, was the Cayman Islands Water Authority Loan Guarantee. Moving it, Community Development Minister McKeeva Bush, who is the Authority Chairman, stated it relates to an approval given by the Finance Committee at a meeting on 28 November 1994 for increasing Government's guarantee to the Authority from US$5.83 million to US$22.15 million in favour of CIBC. By this the bank would provide a loan to clear an existing loan with the Caribbean Development Bank (CDB) and to provide additional funds to construct the proposed Lower Valley Reservoir, pumping station and other works. Finance Committee had also approved to pay back the CDB loan of US$6.2 million.
He asked the House to grant its approval to the resolution as passed by the Finance Committee. The House did, without debate.
