Word: caymans
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During his four years as U.S. Ambassador to Jamaica, Millionaire Businessman Vincent de Roulet did not exactly keep a low diplomatic profile. He kept his 90-ft. luxury yacht Patrina docked in sunny Kingston harbor. He had 17 race horses and ran them at the local Cayman track. In his gray Checker limousine lay a cushion with the inscription: "This is my car and I sit where I please...
...fiddling accusations brought against Lonrho Ltd., a British-owned African conglomerate. The dispute involved several high-ranking Conservative politicians, including former M.P. and Defense Minister Duncan Sandys. It featured ingenious tax dodges such as paying huge executive emoluments into bank accounts in the tax haven of the Cayman Islands and rent-free accommodations for directors. More revelations touching on the seamier side of relations between business and government were being predicted in London. They could cause considerably more long-range difficulties for Heath than the coltish antics of a brace of aging aristocrats...
...place of incorporation for thousands of businesses that actually have their assets elsewhere. Suddenly, much of the world's offshore money-a lot of it hidden from homeland tax men or otherwise "hot"-is fleeing Nassau. Millions of dollars are landing in, of all places, the Cayman Islands, a British crown colony south of Cuba. Once a pirates' stash, the Caymans have existed for the past 300 years mostly by soaking up the Caribbean sun. TIME Correspondent Christopher Byron visited both Grand Cayman Island and Nassau and filed this report...
...island is used principally as an air-navigation and weather-reporting station. Its population consists of a U.S. Federal Aviation Agency technician, four weathermen and 16 civilians, most of them related in a four-generation link to the island's thrice-married elder. Captain Donald Glidden, 79, a Cayman Islander who settled on Swan in 1927. There are also innumerable booby birds, notable for their droppings, which for centuries have been used as fertilizer...
...working to undo the errors of the many. U.S. conservationists have provided sanctuaries in Texas for whooping cranes, which have thus risen from a low of 15 cranes in 1941 to nearly 80 today. Similar efforts saved the grizzly bear, the bison and African cheetah. On Grand Cayman island in the Caribbean, a new "turtle farm" is now hatching the first of thousands of eggs. This will help prevent the turtles' rapid depletion by the cosmetics industry. In the Pacific Northwest, the sockeye salmon is proliferating, thanks to artificial incubation and man-made channels that allow the fish...