Nationals being urged to buy-out Lands from National Bank

The land swap deal was made possible following the passage of legislation on Friday 21st September, when the Labour Administration tabled for the consideration of the National Assembly, the St. Kitts-Nevis-Anguilla National Bank Limited (Vesting of Certain Lands) Bill 2012.

The government has for years owed almost a Billion Dollars to the National Bank and the lands are now being turned over to help erase that huge debt to the financial institution. However, it is believed by many political observers who commented on the issue that the bank will quickly dispose of the lands, selling them at high rates that may not be affordable to the ordinary citizens. Banks are not usually allowed to maintain control of land assets and are encouraged by regulators to rid themselves of such possessions.mp

Members of the opposition benches, who represent the Concerned Citizens Movement, based in Nevis and the People’s Action Movement, in St. Kitts, were joined by two MPs from the Government’s side, in speaking out against the Bill, which they felt was a retrogressive step that will result in the disinheriting the people of their heritage that was secured by former Premier Robert Bradshaw and paid for under the Dr. Kennedy Simmonds Administration.

Opposition parliamentarian for the People’s Action Movement, (PAM), Mr. Shawn Richards, is now floating a new idea and concept that he feels could help residents in affected areas and other communities, take control of the said lands, instead of having them sold by the bank to overseas investors.

Richards has therefore called on members of the public to put party politics aside and unite to keep the lands here in St. Kitts and Nevis, under local ownership.

He said residents of the different communities should come together in a process that he described as a “cooperative movement”. In so doing Richards is of the opinion that this coalition of the willing residents of hundreds, if not thousands, should agree to pool resources to buy the lands.slands2

This would help to keep these prized assets within the families of Kittitians who are now being affected, he said. Once the sale price is established, Richards said that the movement ought to determine what quantities are affordable and feasible for purchase.

Communities that will be affected by the land swap for debt forgiveness include, Sandy Point, Lodge, Lamberts, Cayon Hermitage and Brighton Estate. What follows is the actual schedule of the lands that are to be included in the deal.





PART 1                      

 

600 ACRES – GENERAL DESCRIPTION OF LANDS

 

Sir Gillies Estate, Farms Estate & Bourkes Estate –

 

497.17 Acres

 

Lodge Estate –

 

103 Acres

 

PART II

600 ACRES – GENERAL DESCRIPTION OF LANDS

 

HERMITAGE ESTATE

Parcel 1 (7.231 acres)

 

HERMITAGE ESTATE

Parcel 2 (200 acres)

 

BRIGHTON ESTATE

Parcel 3 (195.73 acres)

 

LAMBERT’S ESTATE

(192.6 ACRES)

 

As the new leader-elect of PAM, Richards said his next goal is to take the party into government so that they can introduce new policies and programs that would protect the interest of citizens and rid the country of the terrible economic malaise it now faces. 

For Richards, who takes over his party’s leadership on Monday 1st October, has made it known that he will be a future Prime Minister who would work on behalf of all citizens, not just those who are known supporters of PAM. He wants to see the overall development of the entire country, so that all can enjoy a better future in St. Kitts and Nevis.

Nationals being urged to buy out Lands from National Bank

The land swap deal was made possible following the passage of legislation on Friday 21st September, when the Labour Administration tabled for the consideration of the National Assembly, the St. Kitts-Nevis-Anguilla National Bank Limited (Vesting of Certain Lands) Bill 2012.

The government has for years owed almost a Billion Dollars to the National Bank and the lands are now being turned over to help erase that huge debt to the financial institution. However, it is believed by many political observers who commented on the issue that the bank will quickly dispose of the lands, selling them at high rates that may not be affordable to the ordinary citizens. Banks are not usually allowed to maintain control of land assets and are encouraged by regulators to rid themselves of such possessions.mp

Members of the opposition benches, who represent the Concerned Citizens Movement, based in Nevis and the People’s Action Movement, in St. Kitts, were joined by two MPs from the Government’s side, in speaking out against the Bill, which they felt was a retrogressive step that will result in the disinheriting the people of their heritage that was secured by former Premier Robert Bradshaw and paid for under the Dr. Kennedy Simmonds Administration.

Opposition parliamentarian for the People’s Action Movement, (PAM), Mr. Shawn Richards, is now floating a new idea and concept that he feels could help residents in affected areas and other communities, take control of the said lands, instead of having them sold by the bank to overseas investors.

Richards has therefore called on members of the public to put party politics aside and unite to keep the lands here in St. Kitts and Nevis, under local ownership.

He said residents of the different communities should come together in a process that he described as a “cooperative movement”. In so doing Richards is of the opinion that this coalition of the willing residents of hundreds, if not thousands, should agree to pool resources to buy the lands.slands2

This would help to keep these prized assets within the families of Kittitians who are now being affected, he said. Once the sale price is established, Richards said that the movement ought to determine what quantities are affordable and feasible for purchase.

Communities that will be affected by the land swap for debt forgiveness include, Sandy Point, Lodge, Lamberts, Cayon Hermitage and Brighton Estate. What follows is the actual schedule of the lands that are to be included in the deal.





PART 1                      

 

600 ACRES – GENERAL DESCRIPTION OF LANDS

 

Sir Gillies Estate, Farms Estate & Bourkes Estate –

 

497.17 Acres

 

Lodge Estate –

 

103 Acres

 

PART II

600 ACRES – GENERAL DESCRIPTION OF LANDS

 

HERMITAGE ESTATE

Parcel 1 (7.231 acres)

 

HERMITAGE ESTATE

Parcel 2 (200 acres)

 

BRIGHTON ESTATE

Parcel 3 (195.73 acres)

 

LAMBERT’S ESTATE

(192.6 ACRES)

 

As the new leader-elect of PAM, Richards said his next goal is to take the party into government so that they can introduce new policies and programs that would protect the interest of citizens and rid the country of the terrible economic malaise it now faces.

For Richards, who takes over his party’s leadership on Monday 1st October, has made it known that he will be a future Prime Minister who would work on behalf of all citizens, not just those who are known supporters of PAM. He wants to see the overall development of the entire country, so that all can enjoy a better future in St. Kitts and Nevis.

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