interest rates, reduce foreign currency purchase tax and virtually abolish foreign exchange controls by the end of next year.

In an exclusive interview in the November edition of The Bottom Line, Dr. Saul reveals that there will "definitely be movement in all three areas over the next 12 months.'' Dr. Saul says he would like to remove all ceilings on interest rates, relax exchange control and, with overseas interest rates so low, drop foreign currency purchase tax from its current 10 percent.

However, Bermuda's two main banks - the Bank of Bermuda and the Bank of Butterfield - have conflicting views on the issue. In the article, Bank of Butterfield chairman Sir David Gibbons says he is in favour of change but wants to keep a maximum interest rate while the Bank of Bermuda chairman Mr.

Donald Lines says freer regulations will only benefit the better off.

You can read full details in the November edition of The Bottom Line, The Royal Gazette's biannual economic review, which is available free from most newspaper outlets tomorrow.

Published by Crown Communications, The Royal Gazette's magazine division, The Bottom Line has a print run of 6,500.

The 68-page colour magazine features a full post-election economic analysis, including an in-depth look at how much the United Bermuda Party's election promises could cost Bermuda and what local and international businesses want to see from Sir John Swan's Government.

There is also a special focus on Bermuda's burgeoning reinsurance market, which has seen more than $4.5 billion in captial invested in the Island by new companies in the past 12 months.

Other features include a look at fringe benefits in the local and international business sector, the Island's debt collection agencies and focus on the business of recycling and environmentally-conscious companies.