Previously, Government Senate leader E.T. (Bob) Richards explained, there were three separate boards -- one for each golf course -- prior to this Act.

Nevertheless, he pointed out that each golf course -- Ocean View, Port Royal and St. George's -- was a money earner for the Government coffers.

Opposition Senate leader Milton Scott said that the PLP welcomed this change because it supported any move the Government makes to increase efficiency.

However Sen. Scott said that he hoped that the Ocean View Golf course did not get lost in the consolidation shuffle because of its historical significance as one of the few courses that blacks could play on during segregation.

Meanwhile, Sen. Yvette Swan said that it was more efficient to have one board overseeing the activities of the three courses instead of three.

SENATORS HEAR A BMA SUPERVISION SEN Senators hear of BMA supervision Both the Bermuda Commodities Exchange and the Bermuda Commodities Clearing House will now be subject to the supervision of the Bermuda Monetary Authority.

Senators this week briefly debated the Draft Order entitled: The Bermuda Monetary Authority (Third Schedule) Amendment Order 1998.

Government Senator Allan Marshall said that the emphasis is placed on the BMA's designation of the Bermuda Commodities Exchange and the Bermuda Commodities Clearing House as financial Institutions.

Sen. Marshall said that there were different categories of financial institution such as a credit union, a trust company, a deposit company or a bank.

As such each of these bodies is subject to the supervision of the Bermuda Monetary Authority.

And now that the Bermuda Commodities Clearing House and the Bermuda Commodities Exchange have been deemed financial institutions, they too will come under the BMA.

GOVERNMENT GVT