Speeches by N. H. Cole Simons

19 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

51 words

On page 38. It says an undertaking may apply to the Authority to obtain appro val to offer the services of holding other assets. Can the Minister provide more information as to what is the intention here and the other type of assets that may be held by the undertaking company?

19 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

33 words

So, these contracts can be like patents or intellectual properties that can be linked to the funds? Hon. Curtis L. Dickinson: I am advised that these would include deeds for physical ass ets.

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

44 words

Thank you, Mr. Speaker. I understand that the FinTech fund may have raised some community capital. And so, my question is this: How much has the FinTech industry made and contributed to the community fund that the Premier once said would be in place?

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

50 words

Thank you, Mr. Speaker. First of all, I would like to make it clear that we in the Opposition support the legislation. But before I get into my presentation proper, I listened attentively to see whether the Minister would give any acknow ledgement to the benefit of America’s Cup— [Laughter]

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

29 words

—and where we are today in regard to the legislation, Mr. Speaker. Mr. Speaker, if it wasn’t for the America’s Cup, Bermuda would not be on the superyacht agenda.

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

8 words

It would not be on the superyacht —

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

9 words

—map as they are today, Mr. Speaker. [Inaudible interjections]

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

66 words

Mr. Speaker, they came, they enjoyed themselves, and we have more opportunities than ever before in regard to this industry, and hence the legislation that we have today. Mr. Speaker, as I said earlier, I support this legislation. And, Mr. Speaker, I want to acknowledge the fact that the PL P has brought the work that we have done to …

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

98 words

In addition, they have crossed the line, Mr. Speaker. Mr. Speaker, let me give you some history as to the work that we had done on this. Mr. Speaker, in September 2015, the OBA Government worked with the America’s Cup Bermuda Limited [ ACBDA], superyacht working group, to bas ically produce a report on superyacht policy and recommendations. Mr. Speaker, …

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

219 words

Mr. Speaker, in addition, in February 2016, the Minister of Economic Development and Tourism, the Honourable Grant Gibbons, 2120 12 July 2019 Official Hansard Report Bermuda House of Assembly presented to Cabinet a paper which summarised the superyacht policy recommendations. Again, most of the issues raised in the OBA’s superyacht policy recommendations are presented today under this legisl ation. Mr. …

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

8 words

Thank you, very much, Mr. Speaker. [Inaudible interjection]

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

741 words

So that even strengthens my point, Mr. Speaker. So I thank him for his contribution. Mr. Speaker, these are floating palaces. And most of them were built in the last 10 years and we have around 6[,000] to 7,000 companies worldwide that service the superyacht industry. The industry, globally, hires between 250[,000] to half a million people. The global industry …

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

3 words

Absolutely. Absolutely. [Laughter]

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

703 words

Mr. Speaker, in addition, if you go down to the islands or . . . I was in Cannes, in France, and there were so many mega yachts moored right down in the heart of the square. The people on those yachts were able to get off, have dinner, go on to the night clubs or get off, go to …

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

174 words

Thank you, Madam Chairman. Madam Chairman, I would like t o direct the Minister to clause 2, subsection (5) and it speaks to the exemption of using the pilots when these ships come into our waters and the issuance of exemption certificates for pilots. My question is, Do we have in place, within our contracts, a hold harmless agreement when …

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

102 words

Yes, page 4, [clause 3, i nserting section] 3B (at the top [of the page]). Why can’t a cruising yacht unload or load a passenger in Bermuda? Is there some maritime law that prohibits it? I just want that for clarification, b ecause what you will find is you may have a yacht owner that steams from say the Bahamas …

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

254 words

I am concerned they might try to sue the Government. Hon. Zane J. S. De Silva: Well, I mean, I guess if . . . I mean, I do not have a boat . And MP Dunkley does not have a boat . But I guess if he and I took a boat out there, we would probably hit a …

12 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

36 words

Unloading passengers. Hon. Zane J. S. De Silva: Yes, unloading passengers. You can, but you would have to get a permit for it. And, of course, that includes filling out all the pa-perwork which includes immigration.

5 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

25 words

Thank you, Mr. Speaker. Mr. Speaker, can you indulge me for one half - a-second just to provide congratulations to the grad uates of 2019?

5 Jul 2019 House of Assembly

Official Hansard Report - House Of Assembly

13 words

Fair enough, fair enough, fair enough. I will do that next. [Inaudible interjections]