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Charlotte Amalie
Sunday, August 7, 2022
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Bond Ratings and Rum

Dear Source:

The highest degree of congratulations are extended to Governor John deJongh, Jr. and our Delegate to the Congress Donna Christensen and her capable staff for the recruitment of Captain Morgan Rum to operate on St. Croix. The social and economic benefits to the Virgin Islands economy and St. Croix particularly, are perhaps measurable in dollars, but immeasurable in the confidence which will inure from the operation of Captain Morgan Rum on St. Croix and encourage other industries to look favorably on St. Croix as a manufacturing base. I am sure that the company which has a good worldwide reputation for its brands will join the Virgin islands private sector as good corporate citizens.
This accomplishment comes at a time when the bond indebtedness of the Virgin Islands Government is at all-time high, and with prudent use of the proceeds from tax rebates, some bonds can be retired in the next few years and help the territory to maintain a very favorable bond rating in the bond market. Capital Improvement projects for schools, hospitals and police facilities will benefit.

Eric E. Dawson
Viera, Florida

Editor's note: We welcome and encourage readers to keep the dialogue going by responding to Source commentary. Letters should be e-mailed with name and place of residence to source@viaccess.net.

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Dear Source:

The highest degree of congratulations are extended to Governor John deJongh, Jr. and our Delegate to the Congress Donna Christensen and her capable staff for the recruitment of Captain Morgan Rum to operate on St. Croix. The social and economic benefits to the Virgin Islands economy and St. Croix particularly, are perhaps measurable in dollars, but immeasurable in the confidence which will inure from the operation of Captain Morgan Rum on St. Croix and encourage other industries to look favorably on St. Croix as a manufacturing base. I am sure that the company which has a good worldwide reputation for its brands will join the Virgin islands private sector as good corporate citizens.
This accomplishment comes at a time when the bond indebtedness of the Virgin Islands Government is at all-time high, and with prudent use of the proceeds from tax rebates, some bonds can be retired in the next few years and help the territory to maintain a very favorable bond rating in the bond market. Capital Improvement projects for schools, hospitals and police facilities will benefit.

Eric E. Dawson
Viera, Florida

Editor's note: We welcome and encourage readers to keep the dialogue going by responding to Source commentary. Letters should be e-mailed with name and place of residence to source@viaccess.net.