Administration, Financial & Sales Division - Citrus Research & Education Institute
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CGA DENOUNCES DR. HENRY CANTON PLAN TO TERMINATE 105+ CPBL EMPLOYEES
The CGA was made aware of the intention on the part of Dr. Henry Canton to close down the operation of the Citrus Company of Belize Ltd processing facility at the start of the 2011/12 crop year.

We are aware that Dr. Henry Canton has sought a meeting with Government to discuss this plan and has had members of the management team sound out union officials, promising them a detailed plan sometime in the month of June.

Last week Thursday, at a meeting of the Pound Solids Committee, a member of the CPBL management team mentioned the plan to close the CCB processing plant. A member of the CGA Committee of Management who happens to be a Director of the CPBL pointed out that it was unacceptable that such a material decision was being discussed in public but that as a member of the Board of Directors of CPBL he was not aware of any such concept or plan. He pointed out further that Belize Citrus Growers Association Company Ltd (BCGAICL) was totally unaware of such a plan and as the majority shareholder should have been consulted especially in light of the grave consequences that such a move would have on many of the employees at CPBL and on the local economy in the South. This would not mark the first time decisions are taken at CPBL that the directors of the majority shareholder know nothing about. As an example we point to the launch of Banks Beer in Belize that is imported and distributed by CPBL. Like all Belizeans the directors learnt of this via the media. We have every reason to believe that this could be a similar circumstance where Dr. Henry Canton in discussion with Banks – Barbados hatched this plan.
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Orange Juice Price Increase
Citrus Growers are advised that subsequent to a request to CPBL for a revised First Price submission, growers will be receiving a back pay of $0.0225 pps tomorrow, May 31st 2011.

Members are reminded that the Committee of Management had  informed them about this increase at the SGM held on April 16th 2011.  Members were informed that payment would be made when CPBL was able to make the payment due to the cash flow crisis CPBL was experiencing.  
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BCGAICL in Claim 738 of 2010 against Banks Holdings Ltd
On May  26th 2011, Madam Justice Hafiz-Bertram delivered judgment in an application made by the Belize Citrus Growers Association Investment Company Ltd. (BCGAICL) in Claim 738 of 2010 against Banks Holdings Ltd.

BCGAICL brought the application to determine the validity of resolutions made by Citrus Products of Belize Limited (CPBL) at an extraordinary general meeting held by CPBL on the 17th December, 2010.  One of the resolutions terminated the employment of Dr Henry Canton as Chief Executive Officer (CEO) of CPBL.  Despite being terminated by CPBL, Dr Henry Canton is still acting as CEO of CPBL.  Justice Hafiz-Bertram ruled that at this interim stage, the balance of convenience did not lie in her determining the validity of the resolutions of CPBL which include the termination of the employment of Dr Henry Canton as CEO of CPBL.  Rather, Justice Hafiz-Bertram ruled that the balance of convenience lies in fast tracking the hearing of the substantive claim between Banks Holdings Ltd, the minority shareholder in CPBL, and BCGAICL, the majority shareholder.  Banks Holdings Ltd was directed to file its claim on or before 3rd June, 2011.  BCGAICL informs all citrus growers of this ruling and will be advising members of the Citrus Growers Association to participate in all decisions to be taken to address the issues surrounding CPBL, including fresh legal action if necessary, to be taken outside the framework of Claim 738 of 2010.

The attention of all citrus growers and stakeholders is called to this press release.
 
Notice for Special General Meeting
OBJECT:    NOTICE OF SPECIAL MEETING OF MEMBERS OF THE CITRUS GROWERS ASSOCIATION

NOTICE IS HEREBY GIVEN to all members of the Citrus Growers Association that the Committee of Management of the Association has called a special meeting of members on Saturday February 26th, 2011, at 9:30 am, at 9 miles Stann Creek Valley Road for the purpose of transacting the following business:

1.    Update on Implementation of Arbitration Recommendations, Re: 822,599  discrepancy in pound solids between factory and pound solids lab for orange, sanctioned by the Citrus Control Board

2.    Update on Fruit Prices

3.    Report to Members on Resolutions taken at the 42nd Annual General Meeting re: the Investment Agreement and Commerce Bight Pier

4.    Matters relating to Belize Citrus Growers Association Investment Company Limited and Citrus Products of Belize Limited

5.    Collaborate with Government, Heritage Bank, First Caribbean International Bank, Belize Citrus Growers Association Investment Company Ltd and Banks Holdings Ltd to assist CPBL with its short term cash flow needs

6.    Update on Initiatives to Control HLB

7.    Update on Fair Trade Initiative

8.    Update on Hurricane Richard Relief Efforts
 
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