Vintage Magazine - April 2013 - Central Bank of Trinidad and Tobago
Vintage Magazine - April 2013 - Central Bank of Trinidad and Tobago
Vintage Magazine - April 2013 - Central Bank of Trinidad and Tobago
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ISSUE: 1 - <strong>2013</strong> APRIL <strong>2013</strong><br />
A Publication <strong>of</strong> the <strong>Central</strong> <strong>Bank</strong> <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong> Retirees’ Club
“We retirees are no longer fashioned by the urban traffic <strong>and</strong> skyscrapers <strong>of</strong> the metropolis. Our conditioning now<br />
comes from swaying palm trees on long white s<strong>and</strong>y beaches caressed by warm, clear, bluish-green waters. This is<br />
how we roll.”<br />
From a speech delivered by the President <strong>of</strong> the Retirees’ Club on July 10, 2012,<br />
on the occasion <strong>of</strong> a farewell function for Governor Ewart Williams.
CONTENTS<br />
1 WELCOME<br />
2 MESSAGE FROM THE PRESIDENT<br />
3 IT WAS A TRULY GRATIFYING EXPERIENCE<br />
4 TRIBUTE TO DR. SHELTON NICHOLLS<br />
6 SENIORS AND FITNESS<br />
7 UNDERSTANDING YOUR BLOOD PRESSURE<br />
8 FROM THE PHOTO ALBUM<br />
10 IN HONOUR OF THE LONGEST SERVING GOVERNOR<br />
12 ARMCHAIR READING<br />
13 TRY THE QUEEN’S PARK SAVANNAH<br />
14 HEH-HEH-HEH<br />
15 CROSSWORD / WORD SLEUTH<br />
16 THINGS TO KEEP IN MIND<br />
CREDITS<br />
Editor: Patrick Johnson<br />
Assistant Editor: Charles De Silva<br />
Layout <strong>and</strong> Design/Printing: Corporate Communications Department<br />
Photography: Patrick Johnson<br />
Photographs <strong>of</strong> Mr. Victor E. Bruce courtesy the <strong>Central</strong> <strong>Bank</strong> <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong><br />
© Copyright <strong>2013</strong> <strong>Central</strong> <strong>Bank</strong> <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong><br />
WELCOME<br />
Readers, welcome to the second edition <strong>of</strong> our re-established <strong>Vintage</strong> <strong>Magazine</strong>. This should have been our third edition but<br />
because <strong>of</strong> an unusual pressure on our scarce resources at the time, the last September issue could not happen as scheduled.<br />
However, the good news is that “We’re back!”, <strong>and</strong> with all systems in place, <strong>Vintage</strong> will be published twice a year - <strong>April</strong> <strong>and</strong><br />
September.<br />
Our last publication attracted rave reviews from all over the globe . . . well at least from one person in Canada, a couple in New<br />
York, someone in <strong>Tobago</strong>, <strong>and</strong> many right here in <strong>Trinidad</strong>. The overwhelming positive feedback has been very encouraging<br />
<strong>and</strong> we appreciate the sentiments expressed.<br />
A ‘pdf ’ version <strong>of</strong> <strong>Vintage</strong> was placed on the <strong>Central</strong> <strong>Bank</strong>’s<br />
intranet thereby allowing, for the first time, full access to<br />
our magazine by management <strong>and</strong> staff <strong>of</strong> the <strong>Central</strong> <strong>Bank</strong>.<br />
We are grateful for this step forward <strong>and</strong> hope that this can<br />
continue.<br />
A special thank you goes out to the Corporate<br />
Communications department where the final stage <strong>of</strong> our<br />
publication is managed. The folks assigned to the <strong>Vintage</strong><br />
project formatted the text, pictures, <strong>and</strong> graphics into<br />
the magazine we read. They also h<strong>and</strong>led printing. Great job!<br />
We hope you enjoy this issue <strong>of</strong> <strong>Vintage</strong> <strong>and</strong> we look forward<br />
to your comments. Please let us know if you are interested<br />
in submitting an article for our next issue. All contact<br />
information is shown on the inner back cover. Read on.<br />
APRIL <strong>2013</strong> 1
MeSSAGE FROM THE PRESIDENT<br />
CHANGES IN THE WAY<br />
THE BOARD ADMINISTERS<br />
THE AFFAIRS OF THE CLUB<br />
i everyone. I am grateful for this opportunity<br />
to share with members <strong>of</strong> the Retirees Club.<br />
I hope that this message meets you in good<br />
health <strong>and</strong> that you continue to be safe <strong>and</strong> Hsecure in these troubling times. A lot has been happening<br />
behind the scenes since the last publication <strong>of</strong> <strong>Vintage</strong>. The<br />
list <strong>of</strong> accomplishments has much more than I can possibly<br />
include in this short article, so I’ll just mention what I<br />
consider to be the most significant developments.<br />
On the 28th June 2012 we signed a Relationship<br />
Agreement with the <strong>Bank</strong>. We took this step in order to<br />
ensure that the Club can continue to function normally <strong>and</strong><br />
with a minimum <strong>of</strong> disruption whenever there are changes<br />
to the board <strong>of</strong> directors or when reassignments within<br />
the <strong>Bank</strong> result in changes in the personnel with whom we<br />
interface.<br />
We have changed our Financial/Accounting Year<br />
(previously January to December) in order to align it with<br />
that <strong>of</strong> the <strong>Bank</strong> (October to September). The process <strong>of</strong><br />
making this transition to the new financial year resulted in<br />
the need to hold two AGMs in 2012. At the second AGM<br />
we passed a resolution making the appropriate change to<br />
our constitution.<br />
The switch to a new Financial/Accounting Year paved the<br />
way for the Club’s first ever Budget Allocation which was<br />
approved by the <strong>Bank</strong> on 7th November 2012.<br />
The process <strong>of</strong> developing the budget<br />
has highlighted the real costs<br />
<strong>of</strong> operating the Retirees<br />
Club <strong>and</strong> while the Retirees Board is thankful to the <strong>Bank</strong> for<br />
its generous allocation, we are now also acutely mindful <strong>of</strong> the<br />
need to supplement this assistance through self-help projects.<br />
Stay tuned for our upcoming gr<strong>and</strong> fundraiser.<br />
The developments just mentioned have changed the way the<br />
Board administers the affairs <strong>of</strong> our Club. The structures<br />
developed will greatly improve the administration process<br />
<strong>and</strong> hopefully make life easier for future Boards. At this point<br />
I want to thank my fellow Directors for their continuing high<br />
level <strong>of</strong> sustained performance. I am very lucky to be at the<br />
helm <strong>of</strong> a team whose collective resources allows us to take all<br />
challenges in stride. Good going guys.<br />
I must also mention that the transition to working with a new<br />
<strong>Central</strong> <strong>Bank</strong> Governor has been a very smooth <strong>and</strong> pleasant<br />
one. Our Board met with newly appointed Governor Jwala<br />
Rambarran on 11th September 2012 in the <strong>Bank</strong>’s board<br />
room. Because the Governor was familiar with most <strong>of</strong> us,<br />
the meeting seemed more like a renewal <strong>of</strong> old acquaintances.<br />
The Governor endorsed the <strong>Bank</strong>’s strong ongoing support for<br />
the Club <strong>and</strong>, coming out <strong>of</strong> the meeting, was able to expedite<br />
progress on a number <strong>of</strong> outst<strong>and</strong>ing matters.<br />
In closing I encourage members to remain financial <strong>and</strong><br />
non-members to become members, The Board is now making<br />
efforts to raise the pr<strong>of</strong>ile <strong>of</strong> the Club through its advocacy <strong>and</strong><br />
its programme <strong>of</strong> activities <strong>and</strong> for this we need your active<br />
involvement. Be prepared to answer<br />
the call. Take care.<br />
2 VINTAGE
My time spent in the Corporate Communications<br />
Department as the liaison between the <strong>Central</strong><br />
<strong>Bank</strong>’s Management Team <strong>and</strong> the Retirees Club<br />
(2010 - 2012) has been a pleasurable <strong>and</strong> rewarding<br />
one. In 2011, a new Board Of Directors comprising<br />
nine persons was elected to administer the <strong>Central</strong><br />
<strong>Bank</strong>’s Retirees Club. Each member <strong>of</strong> the Board<br />
brings to the Club a unique blend <strong>of</strong> talent <strong>and</strong><br />
experience contributing to the success <strong>of</strong> the Club<br />
thus far. The Publication <strong>of</strong> <strong>Vintage</strong> <strong>Magazine</strong> is one<br />
such success <strong>of</strong> which all the Club’s members should<br />
be proud.<br />
During its nine years <strong>of</strong> existence, many others<br />
have worked tirelessly towards achieving the<br />
benefits that the Club enjoys today. There have been<br />
several accomplishments over the years which have<br />
contributed to enriching the lives <strong>of</strong> our Retirees.<br />
The enthusiasm <strong>and</strong> camaraderie <strong>of</strong> the Board<br />
<strong>and</strong> the Members <strong>of</strong> the Retirees Club was a truly<br />
gratifying experience. It is a clear indication that the<br />
warm embrace <strong>of</strong> our <strong>Central</strong> <strong>Bank</strong> Family certainly<br />
does not end with retirement! I wish the current<br />
Board every success in all its future endeavours. For<br />
me, it is not “goodbye” but only “hasta la vista”.<br />
On behalf <strong>of</strong> all retirees, the Board <strong>of</strong> Directors <strong>of</strong><br />
the Retirees Club <strong>of</strong> the <strong>Central</strong> <strong>Bank</strong> <strong>of</strong> <strong>Trinidad</strong><br />
<strong>and</strong> <strong>Tobago</strong> extends warmest thanks to Ms. Hilary<br />
Wilkins for her top-notch service to the Club during<br />
her time as Liaison Officer. We wish her well as she<br />
continues her career at the <strong>Bank</strong>. We also give the<br />
assurance that the Club will be here to welcome her<br />
when she retires.<br />
Hilary has since passed the baton to Claudette John,<br />
our current Liaison Officer.<br />
APRIL <strong>2013</strong> 3
On Thursday January 31 <strong>2013</strong> the <strong>Bank</strong> bid a fond<br />
farewell to Dr. Shelton Nicholls at a ceremony held<br />
in his honour. Many <strong>of</strong> us who are now retirees have<br />
had the privilege <strong>of</strong> working closely with Dr. Nicholls<br />
during his ten years as Deputy Governor <strong>and</strong> can<br />
testify to his dedication <strong>and</strong> pr<strong>of</strong>essionalism. We<br />
remember as well the passion <strong>and</strong> intensity with<br />
which he approached even such lighter pursuits as<br />
performing in the choir or participating in sporting<br />
events. Dr. Nicholls was indeed a man <strong>of</strong> many parts<br />
<strong>and</strong> <strong>Vintage</strong> would like to take this opportunity<br />
to salute his sterling contribution to the <strong>Central</strong><br />
<strong>Bank</strong>. We can find no better way <strong>of</strong> doing so than<br />
through the words <strong>of</strong> Deputy Governor Joan John<br />
whose reminiscences <strong>and</strong> sentiments expressed at Dr.<br />
Nicholls’ farewell function so eloquently echoed our<br />
own thoughts <strong>and</strong> feelings:<br />
Firstly, Shelton, we want to<br />
acknowledge your tremendous<br />
contribution to the <strong>Bank</strong> <strong>and</strong><br />
to each <strong>of</strong> us. While your direct<br />
responsibilities have spanned<br />
Research, Library, Records <strong>and</strong><br />
Archives, ITS, Risk <strong>and</strong> Security,<br />
your broader participation on<br />
bank-wide committees <strong>and</strong><br />
involvement in so many <strong>of</strong> the<br />
<strong>Bank</strong>’s publications have led to a far broader span <strong>of</strong> your<br />
influence. Those <strong>of</strong> us who work in these other areas <strong>of</strong><br />
the <strong>Bank</strong> - whether it be in the Reserve Management<br />
Department where we had your regular input at the<br />
ROC Meeting, or in FISD, where we had the benefit <strong>of</strong><br />
your underst<strong>and</strong>ing <strong>of</strong> macro-prudential issues in the<br />
regular publication <strong>of</strong> the Financial Stability Report, or<br />
whether it was with regard to more ad-hoc exercises such<br />
as the upgrade <strong>of</strong> the <strong>Bank</strong>’s website - we all have gained<br />
a tremendous amount from your willingness to share the<br />
breadth <strong>of</strong> your knowledge <strong>and</strong> your excellent comm<strong>and</strong> <strong>of</strong><br />
the English language.<br />
However, your contribution in the area <strong>of</strong> the <strong>Bank</strong>’s<br />
Research <strong>and</strong> Policy is particularly outst<strong>and</strong>ing as you would<br />
have been at the centre <strong>of</strong> many <strong>of</strong> the new developments<br />
over the past years - whether it was with regard to the<br />
building <strong>of</strong> a macro-econometric model <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong><br />
<strong>Tobago</strong>, formulation <strong>of</strong> monetary policy, the development<br />
<strong>of</strong> new data sets, the preparation <strong>of</strong> research papers,<br />
establishing new indicators, preparing speeches on a variety<br />
<strong>of</strong> subjects, <strong>and</strong> more recently on the development <strong>of</strong> the<br />
new mortgage market guideline for <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong>.<br />
We all know that Shelton loves economics <strong>and</strong> cares<br />
deeply about the <strong>Bank</strong>’s Research Department. I thought<br />
therefore that I would garner some views from the Research<br />
Department about what would be their lasting memories.<br />
Here are some:<br />
1. The high regard in which you hold the <strong>Bank</strong> <strong>and</strong> the<br />
important role that you saw the <strong>Bank</strong> playing in the<br />
country’s development. You were <strong>of</strong>ten heard to say:<br />
If the <strong>Bank</strong> fails the country fails.<br />
2. The personal responsibility you felt for ensuring that<br />
the quality <strong>of</strong> work emanating from the Research<br />
Department met the highest pr<strong>of</strong>essional st<strong>and</strong>ards.<br />
4 VINTAGE
3. Your commitment to getting the job done, whatever it<br />
took, even if that involved working into the wee hours<br />
<strong>of</strong> the morning <strong>and</strong> on weekends. (I suspect that there<br />
are some among us who would have found this to be<br />
a most annoying trait).<br />
4. Your encouragement <strong>and</strong> mentoring <strong>of</strong> young<br />
economists. You were never too busy to elucidate<br />
on the fine points <strong>of</strong> an econometric model or<br />
mathematical problem. (I can testify to the fact that<br />
many an evening I would leave him huddled together<br />
with one or more economists helping them to raise<br />
the st<strong>and</strong>ard <strong>of</strong> their work).<br />
5. What is described as your diplomatic skills.<br />
Others have described your manner as courteous,<br />
encouraging <strong>and</strong> supportive.<br />
6. Shelton’s facility with the Queen’s English is also<br />
legendary. Lester describes this as your knack for<br />
elegant <strong>and</strong> suitably nuanced writing. Indeed, I would<br />
<strong>of</strong>ten use him as the person to cast a last eye on a<br />
document before it entered the public space.<br />
I know that our Research Department will continue to feel<br />
your presence long after you have demitted <strong>of</strong>fice as Deputy<br />
Governor, Research <strong>and</strong> Policy.<br />
Shelton played an important part in ensuring the acquisition<br />
<strong>of</strong> relevant research documents <strong>and</strong> indeed was one <strong>of</strong>, if not<br />
the most avid user <strong>of</strong> the <strong>Bank</strong>’s library. I suspect that this<br />
record will be maintained for some time to come.<br />
He was also integral to the development <strong>of</strong> several aspects<br />
<strong>of</strong> the <strong>Bank</strong>’s information technology <strong>and</strong> you would not be<br />
surprised to know that up to yesterday we were at a meeting<br />
in which the ITS work plan was being presented. He was<br />
working up to the end. He was involved in the development<br />
<strong>of</strong> a number <strong>of</strong> the <strong>Bank</strong>’s core data systems, including the<br />
FAME data base, <strong>and</strong> the debt monitoring system. He deeply<br />
cared about all these aspects <strong>of</strong> his discipline.<br />
I also sought the opinion <strong>of</strong> managers in other areas <strong>of</strong><br />
the <strong>Bank</strong>, especially in the ITS Department <strong>and</strong> Library,<br />
Records <strong>and</strong> Archives which were also areas <strong>of</strong> the <strong>Bank</strong><br />
that Shelton was passionate about. Not surprisingly, the<br />
feedback was quite similar – perfectionist, very pr<strong>of</strong>essional,<br />
high st<strong>and</strong>ards, excellent teacher, his use <strong>of</strong> drawings <strong>and</strong><br />
mathematical formulae to clarify a point, dedication, hard<br />
working, courteous, encouraging <strong>and</strong> supportive.<br />
Shelton chaired or was a member <strong>of</strong> many <strong>of</strong> the key<br />
committees in the <strong>Bank</strong>. In all <strong>of</strong> these he would be one<br />
hundred per cent committed <strong>and</strong> bring to bear the highest<br />
st<strong>and</strong>ards. He also represented the <strong>Bank</strong> at various local,<br />
regional <strong>and</strong> international meetings. He was particularly<br />
keen on regional matters <strong>and</strong> developed a strong pr<strong>of</strong>essional<br />
relationship with all the regional central banks.<br />
Even with this workload Shelton found time for his other<br />
passions - music <strong>and</strong> sport. We know that Shelton loves<br />
classical music. When Tracy recently got him a book <strong>and</strong><br />
CD on the life <strong>and</strong> work <strong>of</strong> Beethoven, not only did he love<br />
them <strong>and</strong> was immediately consumed by their contents, but<br />
went about trying to get himself a similar collection on other<br />
great composers. I believe that he has already sourced works<br />
<strong>of</strong> Mozart. Not surprisingly he joined the <strong>Bank</strong>’s choir <strong>and</strong><br />
was only constrained in his participation by his very tight<br />
schedule. We made good-natured fun <strong>of</strong> him sometimes<br />
in our small birthday gatherings when many <strong>of</strong> us would<br />
render a bathroom style version <strong>of</strong> the “Happy Birthday”<br />
song only to hear him chiming in with his very correct<br />
classical version. He took our heckling in very good spirits.<br />
Shelton also loved sports <strong>and</strong> would get involved both at the<br />
<strong>Bank</strong>’s sports day activities <strong>and</strong> in the intra-regional central<br />
bank games where he would be a regular part <strong>of</strong> the table<br />
tennis team. I had the good fortune to have the <strong>of</strong>fice next to<br />
his for the past several years <strong>and</strong> we would <strong>of</strong>ten have lunch<br />
at the same time. I got to know all these aspects <strong>of</strong> Shelton,<br />
but I also got to know his less formal side - his highs <strong>and</strong> his<br />
lows, <strong>and</strong> he was generous enough to share them with me. I<br />
truly treasure your friendship <strong>and</strong> that you trusted me with<br />
many <strong>of</strong> your more private feelings.<br />
Shelton, we love you <strong>and</strong> wish you a very successful future.<br />
<strong>Vintage</strong> joins Ms. John <strong>and</strong> the rest <strong>of</strong> the <strong>Central</strong> <strong>Bank</strong><br />
in wishing Dr. Nicholls the very best as he begins the<br />
next chapter <strong>of</strong> his life. We will always be grateful for his<br />
indelible contribution to the <strong>Central</strong> <strong>Bank</strong> <strong>and</strong> for having<br />
had the opportunity to work with, <strong>and</strong> be inspired by such a<br />
distinguished pr<strong>of</strong>essional.<br />
Thank you, Dr. Nicholls.<br />
APRIL <strong>2013</strong> 5
The following is an excerpt from seniorjournal.com -<br />
People are living longer <strong>and</strong> are in better physical condition<br />
than their predecessors because today’s senior citizens are<br />
more aware <strong>of</strong> the need to remain physically active into their<br />
“Golden Years”.<br />
Whether you are a senior yourself or you are looking for ways<br />
to help the seniors in your life live longer, healthier lives, it<br />
is important to remember that physical fitness can benefit<br />
people <strong>of</strong> all ages <strong>and</strong> physical conditions.<br />
Successful exercise programs for seniors generally fall into<br />
four main categories:<br />
• Endurance<br />
• Strength<br />
• Balance<br />
• Flexibility<br />
By finding activities that incorporate attention to each <strong>of</strong> these<br />
areas, seniors will see benefits in every area <strong>of</strong> their lives,<br />
even if they have had an inactive lifestyle previously.<br />
Exercise benefits everyone, but in some ways, older adults<br />
have even more to gain when they make a decision to get fit<br />
<strong>and</strong> create their routines to stay fit.<br />
Lowered risk for heart disease, arthritis, high blood pressure,<br />
<strong>and</strong> high cholesterol levels have been linked to physical<br />
fitness. Managing <strong>and</strong> treating or preventing other diseases<br />
like breast <strong>and</strong> colon cancer <strong>and</strong> osteoporosis also have<br />
been connected to one’s overall fitness.<br />
Everyone is different, but your doctor will know your medical<br />
condition <strong>and</strong> history as well as any limitations you may<br />
have. By discussing the degree <strong>and</strong> intensity <strong>of</strong> the exercise<br />
program, together you can agree on what has the potential to<br />
work best.<br />
Seniors should start slowly to discover a comfort threshold<br />
<strong>and</strong> then increase from there. Finding a buddy to work out<br />
with makes things even more fun. This workout partner could<br />
be a friend or family member or you can join an organized<br />
fitness program to keep motivated <strong>and</strong> to establish a routine<br />
that will not only make you feel better overall, but will give<br />
you something to look forward to each day or week.<br />
------ End <strong>of</strong> excerpt ------<br />
<strong>Vintage</strong> encourages our readers to develop the habit <strong>of</strong> regular<br />
exercise. Walking is by far the easiest, <strong>and</strong> cheapest activity to<br />
engage in. Make use <strong>of</strong> the free exercise equipment erected on<br />
many recreational grounds throughout our country. The gym at<br />
the <strong>Central</strong> <strong>Bank</strong> is an option which comes with the benefit <strong>of</strong><br />
supervision <strong>and</strong> assistance in developing an exercise routine.<br />
Keep in mind that along with exercise, proper nutrition <strong>and</strong><br />
sufficient rest should be included in the habit. Include your<br />
doctor in the decision making process. We need you around to<br />
celebrate retirement for many years to come.<br />
6 VINTAGE
KNOW YOUR NUMBERS<br />
Blood pressure (BP) is the force exerted on the walls<br />
<strong>of</strong> blood vessels by circulating blood. The heart<br />
pumps blood through the circulatory system by<br />
contracting <strong>and</strong> relaxing its muscles over <strong>and</strong> over.<br />
This pulsing action results in alternating high <strong>and</strong> low<br />
pressures in the blood vessels.<br />
When the heart muscles contract, blood is suddenly<br />
pushed through the arteries causing a peak in the<br />
pressure within. This heightened force is called the<br />
systolic pressure. The heart then relaxes for a brief<br />
moment resulting in a greatly reduced pressure in<br />
the artery walls, This lowered force is known as the<br />
diastolic pressure. The units <strong>of</strong> measurement for<br />
these forces are ‘millimeters <strong>of</strong> mercury’, written as<br />
‘mmHg’. You don’t need to remember that last part.<br />
According to the American Heart Association, the<br />
desired blood pressure range for adults is one where<br />
the systolic (first number) is within a range <strong>of</strong> 90 to<br />
119, <strong>and</strong> the diastolic (second number) is within a<br />
range <strong>of</strong> 60 to 79.<br />
Because we are all different, a normal reading for<br />
one person may be a bit high for another. With your<br />
doctor’s help you should get to know your numbers.<br />
Most blood pressure readings are taken from the<br />
upper arm where the brachial artery (a major one)<br />
can be easily accessed. A blood pressure reading<br />
is stated as the systolic number over the diastolic<br />
number or the systolic in front <strong>of</strong> the diastolic. In<br />
other words, the higher number is always on top or<br />
in front. A written blood pressure <strong>of</strong> 120/80mmHg is<br />
simply spoken as, “120 over 80”.<br />
APRIL <strong>2013</strong> 7
FROM THE<br />
PHOTO ALBUM<br />
RETIREES UNPLUGGED<br />
We present some memories <strong>of</strong> two Retiree activities:<br />
Wildfowl Trust/San Fern<strong>and</strong>o Hill visit <strong>and</strong> Tea Party<br />
Let the pictures speak!<br />
8 VINTAGE
APRIL <strong>2013</strong> 9
IN HONOUR OF THE<br />
LONGEST SERVING<br />
GOVERNOR<br />
The Victor E. Bruce Financial Complex<br />
is a fine structure situated in <strong>Tobago</strong>. At a<br />
special ceremony held on June 18, 2012,<br />
the building was named in honour <strong>of</strong> the<br />
first local Governor <strong>of</strong> the <strong>Central</strong> <strong>Bank</strong> <strong>of</strong><br />
<strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong> - Victor Edward Bruce.<br />
<strong>Vintage</strong> stumbled on this building while on<br />
assignment in <strong>Tobago</strong>, <strong>and</strong> captured its image<br />
for the benefit <strong>of</strong> our readers. This complex<br />
is a fitting memorial to Governor Bruce who<br />
was first <strong>and</strong> foremost a <strong>Tobago</strong>nian.<br />
<strong>Vintage</strong> remembers Governor Bruce mainly<br />
for his comm<strong>and</strong>ing physical presence.<br />
There were times when ordinary staff would<br />
enjoy a chuckle on seeing a cool slowwalking<br />
manager suddenly break into a jog<br />
when summoned by Governor Bruce. Yes,<br />
he dem<strong>and</strong>ed high st<strong>and</strong>ards. He insisted<br />
that even outside <strong>of</strong> working hours, <strong>Central</strong><br />
<strong>Bank</strong> employees were expected to maintain<br />
st<strong>and</strong>ards <strong>of</strong> decorum <strong>and</strong> to engage in a<br />
code <strong>of</strong> conduct befitting a ‘<strong>Central</strong> <strong>Bank</strong>er’.<br />
Having served for a period <strong>of</strong> fifteen years,<br />
Victor Bruce remains the longest serving<br />
Governor <strong>of</strong> the <strong>Central</strong> <strong>Bank</strong> <strong>of</strong> <strong>Trinidad</strong><br />
<strong>and</strong> <strong>Tobago</strong>. The Victor E. Bruce Financial<br />
complex preserves the memory <strong>of</strong> a highachieving<br />
son <strong>of</strong> the soil <strong>and</strong> hopefully<br />
will encourage upcoming <strong>Central</strong> <strong>Bank</strong>ers<br />
to strive for the highest st<strong>and</strong>ards in<br />
performance, public service <strong>and</strong> integrity.<br />
<strong>Vintage</strong> thinks its cool to have a building<br />
named after you. Yep!<br />
10 VINTAGE
Victor E. Bruce<br />
<strong>Central</strong> <strong>Bank</strong><br />
Governor from<br />
1969 to 1984<br />
APRIL <strong>2013</strong> 11
In this issue,<br />
<strong>Vintage</strong> presents<br />
the second in a<br />
series <strong>of</strong> inspirational<br />
stories. Simply find<br />
a comfy chair in a<br />
quiet space, lounge<br />
yourself in the chair<br />
<strong>and</strong> absorb every<br />
word <strong>of</strong> the story.<br />
DON’T HOPE . . . DECIDE!<br />
While waiting to pick up a friend at the airport,<br />
I had one <strong>of</strong> those life-changing experiences that<br />
you hear other people talking about - the kind<br />
that sneaks up on you unexpectedly. This one<br />
occurred a mere two feet away from me.<br />
Straining to locate my friend among the<br />
deplaning passengers, I noticed a man coming<br />
toward me carrying two light bags. He stopped<br />
right next to me to greet his family.<br />
First he motioned to his younger son (maybe six<br />
years old) as he laid down his bags. They gave<br />
each other a long, loving hug. As they separated<br />
enough to look into each other’s face, I heard the<br />
father say, “It’s so good to see you, son. I missed<br />
you so much!” His son smiled somewhat shyly,<br />
averted his eyes <strong>and</strong> replied s<strong>of</strong>tly, “Me too, Dad”.<br />
Then the man stood up, gazed into the eyes <strong>of</strong> his<br />
older son (maybe 10) <strong>and</strong> while cupping his son’s<br />
face in his h<strong>and</strong>s, said, “You’re already quite the<br />
young man. I love you very much Zach!”. They<br />
too hugged a most tender, loving hug.<br />
While this was happening, a baby girl (perhaps<br />
one-<strong>and</strong>-a-half) was squirming excitedly in her<br />
mother’s arms, never once taking her little eyes<br />
<strong>of</strong>f the wonderful sight <strong>of</strong> her returning father.<br />
The man said, “Hi, baby girl”, as he gently took<br />
the child from her mother. He quickly kissed her<br />
face all over <strong>and</strong> then held her close to his chest<br />
while rocking her from side to side. The little girl<br />
instantly relaxed <strong>and</strong> simply laid her head on his<br />
shoulder, motionless in pure contentment.<br />
After several moments, he h<strong>and</strong>ed his daughter to<br />
his older son <strong>and</strong> declared, “I’ve saved the best for<br />
last”, <strong>and</strong> proceeded to give his wife the longest,<br />
most passionate kiss I ever remember seeing. He<br />
gazed into her eyes for several seconds <strong>and</strong> then<br />
silently mouthed, “I love you so much!”.<br />
They stared at each other’s eyes, beaming big<br />
smiles at one another, while holding both h<strong>and</strong>s.<br />
For an instant they reminded me <strong>of</strong> newlyweds,<br />
but I knew by the age <strong>of</strong> their kids that they<br />
couldn’t possibly be. I puzzled about this for a<br />
moment then realized how totally engrossed I was<br />
in the wonderful display <strong>of</strong> unconditional love<br />
not more than an arm’s length away from me. I<br />
suddenly felt uncomfortable, as if I was invading<br />
something sacred, but was amazed to hear my<br />
own voice nervously ask, “Wow! How long have<br />
you been married?”.<br />
“Been together fourteen years total, married<br />
twelve <strong>of</strong> those”, he replied without breaking his<br />
gaze from his lovely wife’s face. “Well then, how<br />
long have you been away?”, I asked. “Two whole<br />
days”.<br />
Two days? I was stunned. By the intensity <strong>of</strong> the<br />
greeting, I had assumed he’d been gone for at<br />
least several weeks - if not, months. I know my<br />
expression betrayed me.<br />
I said, almost <strong>of</strong>fh<strong>and</strong>edly, hoping to end my<br />
intrusion with some semblance <strong>of</strong> grace (<strong>and</strong><br />
to get back to searching for my friend), “I hope<br />
my marriage is still that passionate after twelve<br />
years”.<br />
The man suddenly stopped smiling.<br />
He looked straight in the eye, <strong>and</strong> with<br />
forcefulness that burned right into my soul, he<br />
told me something that left me a different person.<br />
He said, “Don’t hope, friend . . . decide!”. Then he<br />
flashed me his wonderful smile again, shook my<br />
h<strong>and</strong> <strong>and</strong> said, “God bless!”.<br />
Taken from Moral Stories, at academictips.org/<br />
blogs/<br />
12 VINTAGE
Try The Queen’s Park Savannah<br />
As a retiree, you may only venture out<br />
your house to drop or pickup someone, to<br />
visit the doctor/pharmacy, or to make a<br />
quick grocery. This kind <strong>of</strong> routine, if left<br />
unchecked, can quickly lead to a dullness<br />
which can sap your energies. The result? . .<br />
. a dull retiree. You have to make an effort<br />
to occasionally embrace the outdoors <strong>and</strong><br />
re-energize yourself.<br />
<strong>Vintage</strong> encourages you to give the<br />
Queen’s Park Savannah a try. Come out<br />
with company on a Sunday afternoon <strong>and</strong><br />
relax on a bench around the savannah. A<br />
good dose <strong>of</strong> ‘sit <strong>and</strong> chat’ in the outdoors<br />
may be all you need to regain some<br />
balance. Around the savannah, there is a<br />
good mix <strong>of</strong> the natural flora with vintage<br />
<strong>and</strong> modern architecture.<br />
The images on this page are a reminder<br />
<strong>of</strong> the open-air ambiance that’s waiting<br />
to welcome you. Come out <strong>and</strong> re-align<br />
yourself!<br />
APRIL <strong>2013</strong> 13
After examining a female<br />
patient, the doctor took the<br />
husb<strong>and</strong> aside <strong>and</strong> said, “I<br />
don’t like the looks <strong>of</strong> your<br />
wife at all”. “Me neither doc”,<br />
said the husb<strong>and</strong>, “but she’s<br />
a great cook <strong>and</strong> a really<br />
great mom to the kids”.<br />
An older gentleman was<br />
on the operating table<br />
awaiting surgery. He had<br />
insisted that his son,<br />
a renowned surgeon,<br />
perform the operation. As<br />
he was about to get the<br />
anesthesia, he asked to<br />
speak to his son. “Yes,<br />
dad, what is it?”, the son<br />
asked. The father replied,<br />
“Don’t be nervous, son.<br />
Do your best <strong>and</strong> just<br />
remember that if it doesn’t<br />
go well, if something<br />
happens to me, your<br />
mother is going to come<br />
<strong>and</strong> live with you <strong>and</strong> your<br />
wife”.<br />
A woman walked up to a little<br />
old man rocking in a chair on his<br />
porch.<br />
“I couldn’t help noticing how<br />
happy you look”, she said.<br />
“What’s your secret for a long<br />
happy life?”<br />
“I smoke three packs <strong>of</strong><br />
cigarettes a day”, he said. “I<br />
also drink a case <strong>of</strong> whiskey a<br />
week, eat fatty foods, <strong>and</strong> never<br />
exercise”.<br />
“That’s amazing”, the woman<br />
said. “How old are you?”<br />
“Twenty-six”, he replied.<br />
A couple goes out to dinner to celebrate<br />
their 50th wedding anniversary. On the<br />
way home, she notices a tear in his<br />
eye <strong>and</strong> asks if he’s getting sentimental<br />
because they’re celebrating 50<br />
wonderful years together.<br />
He replies, “No, I was thinking about the<br />
time before we got married.<br />
Your father threatened me with a<br />
shotgun <strong>and</strong> said he’d have me thrown<br />
in jail for 50 years if I didn’t marry you.<br />
Tomorrow I would have been a free<br />
man!”<br />
Statistics play an<br />
important role in<br />
genetics. For instance,<br />
statistics prove<br />
numbers <strong>of</strong> <strong>of</strong>fspring<br />
is an inherited trait.<br />
If your parents didn’t<br />
have any kids, odds<br />
are that you won’t<br />
either.<br />
Two aerials meet on a<br />
ro<strong>of</strong>, fall in love, <strong>and</strong> get<br />
married. The ceremony<br />
wasn’t all that good,<br />
but the reception was<br />
brilliant.<br />
I went to the doctor<br />
the other day <strong>and</strong><br />
asked, “Have you got<br />
anything for wind?”.<br />
He gave me a kite.<br />
I asked my gym instructor,<br />
“Can you teach me to do<br />
the splits?”, He said, “How<br />
flexible are you?”. I said, “I<br />
can’t make Tuesdays”.<br />
“Doc, I can’t stop singing the<br />
Green Green Grass <strong>of</strong> Home”.<br />
He said, “That sounds like<br />
Tom Jones syndrome”. Is it<br />
common?”, I asked. “It’s not<br />
unusual”, he replied.<br />
14 VINTAGE
Crossword<br />
WORD SLEUTH<br />
ACROSS<br />
1. Dishes out<br />
6. Break<br />
10. Eyebrow shape<br />
14. Warning signal<br />
15. Unwakeable state<br />
16. Whimper<br />
17. A measuring instrument<br />
18. Not under<br />
19. Not closed<br />
20. Narrow-minded<br />
22. Oceans<br />
23. One more than nine<br />
24. ___ alia<br />
26. Burgled<br />
30. Happen again<br />
32. House style<br />
33. Drywall<br />
37. Black, in poetry<br />
38. Feel<br />
39. Urgent request<br />
40. Bloodline<br />
42. Cantillate<br />
43. British for “Truck”<br />
44. An elaborate party<br />
45. Type <strong>of</strong> antelope<br />
47. 2,000 pounds<br />
48. Tibia<br />
49. Disarrayed<br />
56. Prospector’s find<br />
57. Apothecary’s weight<br />
58. Lyric poem<br />
59. 1 1 1 1<br />
60. Solitary<br />
61. Mature<br />
62. What we sleep on<br />
63. Terminates<br />
64. Smell<br />
DOWN<br />
1. Wise men<br />
2. Distinctive flair<br />
3. Tight<br />
4. Therefore<br />
5. Ore refinery<br />
6. Disdain<br />
7. Exploded star<br />
8. Ends a prayer<br />
9. Speck<br />
10. Punctuation mark<br />
11. Indian monetary unit<br />
12. Transparent<br />
13. Female chickens<br />
21. Poetic dusk<br />
25. Gist<br />
26. Stair<br />
27. Brass instrument<br />
28. Smell<br />
29. Solitariness<br />
30. Long-limbed<br />
31. If not<br />
33. Don<br />
34. “Oh my!”<br />
35. Lease<br />
36. Information<br />
38. Sit astride<br />
41. Holiday drink<br />
42. Residue fragments<br />
44. Not against<br />
45. Gleamed<br />
46. Assisted<br />
47. Volumes<br />
48. Untidy one<br />
50. Weightlifters pump this<br />
51. Found on most beaches<br />
52. Sweeping story<br />
53. Lasso<br />
54. Biblical garden<br />
55. Fender blemish<br />
WORD SEARCH GAME - ACTORS OF THE 1920s <strong>and</strong> 30s<br />
ARBUCKLE<br />
ASTAIRE<br />
BARRYMORE<br />
CAGNEY<br />
CHANEY<br />
CHAPLIN<br />
COLEMAN<br />
COOPER<br />
FAIRBANKS<br />
FONDA<br />
FLYNN<br />
GABLE<br />
GILBERT<br />
HARDY<br />
KEATON<br />
LAUREL<br />
LLOYD<br />
MARCH<br />
MARX<br />
MIX<br />
POWER<br />
ROBINSON<br />
ROONEY<br />
TRACY<br />
VALENTINO<br />
APRIL <strong>2013</strong> 15
THINGS TO KEEP IN MIND<br />
__________<br />
ASSISTANCE PROGRAMME<br />
Readers are reminded that there is an existing programme which provides confidential <strong>and</strong><br />
pr<strong>of</strong>essional services to <strong>Central</strong> <strong>Bank</strong> Retirees <strong>and</strong> their families living within the same household.<br />
This Retiree Assistance Programme (RAP) is managed by ‘Families in Action’. The services are at no cost to<br />
the retiree as long as the usage falls within the limitations outlined on page 5 in the <strong>April</strong> 2012 edition <strong>of</strong> <strong>Vintage</strong>.<br />
See the contact information on this issue’s inner back cover.<br />
__________<br />
FEEDBACK<br />
We invite you to give us your thoughts on the magazine <strong>and</strong> to send us your contributions. Do you have a<br />
story, an article, a recipe, a poem that we can publish? Written on the front cover <strong>of</strong> <strong>Vintage</strong> are the words<br />
“A Publication <strong>of</strong> the <strong>Central</strong> <strong>Bank</strong> <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong> Retirees Club”. So, it’s our magazine.<br />
Let’s all contribute.<br />
__________<br />
UPCOMING EVENTS<br />
Listen out for our annual Tea Party <strong>and</strong> our first ever Gr<strong>and</strong> Fundraiser. Both will happen before<br />
September <strong>2013</strong>. They may be a lot sooner than you think, so stay tuned.<br />
__________<br />
IN MEMORIAM<br />
<strong>Vintage</strong> reverently remembers three members <strong>of</strong> our family. They are no longer with us having exited this<br />
life we know. We will continue to cherish fond memories <strong>of</strong> our dearly departed. May they rest in peace -<br />
(2012 sunset)<br />
Peter Britto<br />
Lucille Carter<br />
Rol<strong>and</strong> Marchan<br />
__________<br />
16 VINTAGE
CONTACT INFO.<br />
Office address - <strong>Central</strong> <strong>Bank</strong> <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong><br />
Retirees' Club Office<br />
Ground Floor<br />
<strong>Central</strong> <strong>Bank</strong> Building<br />
Eric Williams Plaza<br />
Independence Square<br />
PORT-OF-SPAIN<br />
Phone Numbers - (868) 625-2601; 625-5028; 625-4921 (Ext 2741)<br />
Fax Number - (868) 624-3196<br />
E-mail - retirees-club@central-bank.org.tt<br />
jaqui@central-bank.org.tt<br />
RETIREES ASSISTANCE PROGRAMME<br />
24-7 Helpline Service - 628-2333