But apparently that's exactly what Bermuda is doing -- and doing well, according to a London-based magazine.

It's well known that the Island has a drug problem, but now there's another chemical to worry about and one with a name that trips easily off the tongue, chlorofluorocarbons, or CFCs.

In many countries CFCs, which are found in refrigerators, air conditioners and aerosols, are banned because they deplete the Ozone layer.

However the ban has led to a thriving trade in illegal CFCs because it is still cheaper than any alternatives.

The Economist says: "A thriving trade in contraband CFCs is reported in Bermuda, the Cayman Islands and Taiwan''.

Yesterday a Government spokesman said he and other Government officials were baffled by the article's reference to Bermuda.