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Bermuda Shorts, July 17, 2006

Oil prices fall; gasoline drops 1.4 cents a litreThe Ministry of Finance announced that, as of Friday, the maximum prices of petroleum products decreased.Gasoline went down by 1.4 cents per litre, Diesel by 0.8 cents per litre and Kerosene by 1.9 cents per litre.

Oil prices fall; gasoline drops 1.4 cents a litre

The Ministry of Finance announced that, as of Friday, the maximum prices of petroleum products decreased.

Gasoline went down by 1.4 cents per litre, Diesel by 0.8 cents per litre and Kerosene by 1.9 cents per litre.

As a consequence the maximum retail prices displayed on the pumps for petroleum products are as follows:

? Gasoline 175.60 cents per litre

? Diesel 145.90 cents per litre

? Kerosene 123.30 cents per litre

CableVision announces Pembroke disruption

Bermuda CableVision would like to inform their customers that certain parts of Pembroke may experience temporary service disruptions between 8 a.m. and 5 p.m. over the next month.

CableVision?s Assistant General Manager, Alan Smith, explains: ?We are making upgrades to our network in the Pembroke area, which my result in temporary cable outages on weekdays between 8am and 5pm in the following area: July 17 ? August 15 Spanish Point Road, from St. John?s Road to Plaices Point Road.?

?The work is being undertaken as part of our ongoing commitment to keep our network at peak performance and capacity. We apologise for any inconvenience to our customers and will do our utmost to keep disruptions to an absolute minimum.?

Crewman arrives safely

An injured crewman from a passing oil tanker was brought ashore on Saturday afternoon to receive hospital treatment after losing two fingers while at sea.

The seaman, who was chief engineer onboard the Liberia-registered tanker was taken off the tanker after it diverted to Bermuda and reached St. George?s at 4 p.m., Saturday.

He was taken by ambulance to King Edward VII Memorial Hospital for medical attention while the oil tanker, which had sailed from the port of Skikda in Algeria with a crew of 25, continued on its journey.

Appeal delays seizure

A bid to recover the proceeds of Terrence Smith?s fraud against the Bermuda Housing Corporation was delayed Friday because he has an appeal pending.

Smith was jailed for eight years in May for swindling the BHC out of $1.2 million by authorising fraudulent payments to carpenter Steven Barbosa.

The Department of Public Prosecutions has launched an action under the Proceeds of Crime Act to confiscate Smith?s profits from the fraud, including his Tee Street home which he furnished through the stolen cash.

Crown Counsel Cindy Clarke told Supreme Court yesterday the DPP is still waiting for Smith?s lawyer, Larry Scott, to file a notice of appeal against conviction.

Mr. Scott said no date had been set for the appeal. Chief Justice Richard Ground therefore postponed the confiscation hearing. Speaking after the case, Mr. Scott said he was hoping to engage a top lawyer from Jamaica.