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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

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