Chained Hopes.

The new Landowner's bank is show getting alot of scrutiny from the Fiji Police and other naysaying officials.

Their proposal also ruffles the feathers of institutions like Native Lands Trust Board.

Finance Min warns on Fijian bank plan
Thursday March 02, 2006
Finance Minister Ratu Jone Kubuabola has advised an indigenous group seeking to set up Fiji’s first Fijian commercial bank that it needs to be financially sound before anything can happen.

"Firstly the bank will have a checklist that it has to satisfy, including an initial payment in the vicinity of $10million," said the former Reserve Bank of Fiji governor.

"Capital and equities are important as you need a sound financial base," he said.

"Also as it grows one needs capital to sustain losses. They will have to come up with additional capital when required."

Ratu Jone’s comments come as a group of Fiji’s indigenous landowners seek to set up a commercial bank. The group, Viti Landowners and Resource owners Association, has approached the Reserve Bank Governor about its plan.

The association is currently meeting chiefs, clan leaders and landowners in Suva this week where this proposition is being discussed further.

If approved, the VLRA committee, led by its acting president Ratu Osea Gavidi will visit the Reserve Bank again.

Ratu Osea suggests that money raised from rent on their land would be sufficient to establish the bank along with their resources and property as collateral. The VLRA hopes to regain control over its land and resources, which it hopes to generate income from.

Although 84 per cent of land in Fiji is reserved native land, its control is with the Government via the Native Land Trust Board. Frustration over difficulties in obtaining funding from local banks to develop their resources for monetary gains has prompted these landowners to go it alone.

A representative of the Office of International Treasury Control (OITC) Dr Keith Scott pledged to forward $6billion towards the project if it was approved. Dr Scott was speaking at the landowners meeting in Suva, where he made the pledge.

Fijilive

The Bose ni Turaga also raised the potential for oil drilling in Fiji and raised the issue of exploration licenses that have been already issued to big name oil companies, at the expense of the real owners.

Fiji Prime Minister unveils dates for Fiji Elections.
Political parties have reservations about the provincial rolls that has been hastily published.

Beddoes raises Provisional Roll concern
Thursday March 02, 2006

United People's Party leader Mick Beddoes has voiced concerns on whether there would be enough time to correct errors in the current provisional rolls ahead of the May elections.

Beddoes said he was very concerned about the provisional rolls, because "no one wants any questions raised about this."

He said he was largely concerned with the discrepancies among Fiji’s General voter population.

Beddoes said most General voters in parts of the country were being registered in the Fijian provisional rolls instead of the General voter rolls.

"It seems that the numerators were deliberately giving them (General voters) the Fijian rolls and there was no other option given to them," he said.

He said he was also concerned "with the fact that the people who have registered after December have still to verify their name in the supplementary rolls."

However, Supervisor of Elections Semesa Karavaki said there was no reason for people to be greatly concerned about errors in the provisional rolls.

He said all the errors that have been found will be "rectified on time."

"I believe that people are really concerned about the errors that they have found in the rolls but I wish to assure you that all errors found will be corrected," Karavaki said.

He said the General voter population could only get their names in the Fijian provincial rolls if they authorised the enumerators to do so.

Karavaki said the enumerators were professionally trained and they would have properly explained the consequences of joining a certain roll.

He said it is the constitutional right of every General voter to be registered under the Fijian provincial roll if they have ancestors who were indigenous Fijians.

He said that there is no elections roll in the world that is free of errors and "the objective is to get rid of as many of them as possible."

S.D.L party spokesman is facing the brunt of legal action in Lautoka Court. Indication of his shady character. Even the recent S.D.L cash handout is raising eyebrows with the Election Office. This only raises the need for political fundraising legislation in Fiji.
The shelving of the controversial R.T.U Bill is welcomed by the Army however, the Viti Tourism and Resource Owner's Association Chairman has contigent plans for the Qoliqoli Bill which was also shelved.