Home' Trinidad and Tobago Guardian : October 30th 2014 Contents BG28 | THE ECONOMIST
BUSINESS GUARDIAN www.guardian.co.tt OCTOBER 2014 • WEEK FIVE
TABAQUITE FARMERS LIMITED (IN RECEIVERSHIP)
In my capacity as Interim Receiver of Tabaquite Farmers Limited (In Receivership) I am offering the assets of the Company
for sale as either a complete package or on an individual basis as outline:
ASSETS FOR SALE
Watts Road, off Torrib Tabaquite Road,
Trinidad West Indies.
approximately 10.34 acres.
2,360 sq. ft.
6 Sow shed - 5,000 sq. ft. per shed
5,085 Sq. ft.
Gilt & Fatteners Shed
4 Sheds - Approximately 9,000 sq. ft. per shed
10,140 sq. ft.
5,610 sq. ft.
Sow and Weaner Shed
5 sheds - Approximately 1,200 sq. ft. per shed
16,325 sq. ft.
Fatteners / Growers -
Average 150 births per week
Slaughtering House and Equipment
(Blast freezer 40ft X 20ft, 1 chiller 60ft X 30ft
182 farrowing crates, feed conveyor systems, feed bins
Slaughtering and Maintenance equipment
Water system tank capacity 100,000 gallons
Waste management system, compost equipment,
Diesel generator (350 kv240 amp 6 cylinder)
ISUZU 3 Tonne Van (TBE 9136 & 9135)
1 Toyota 3.0 Hilux - TCM 1338
2 Toyota Dyna (TAW 6673 and TAW 8296)
Filling Cabinets, Office Chairs, Computers, Microwave,
Photocopying Machines and Refrigerators.
To obtain a Confidential Information memorandum and arrange a site visit please contact:
Mr. Varune Mungal
Interim Receiver - Tabaquite Farmers Limited (In Receivership)
c/o Business Recovery and Advisory Services Limited
86, Seventh Street, Barataria.
Trinidad West Indies
Telephone: 868-681-9235 or 868-326-7328
1. Terms of payment are 10% down on acceptance of offer with balance in ninety (90) days.
2. The Assets would be sold on an "As Is Where Is" basis subject to all outstanding Rates and Taxes and outgoing.
3. The Receiver does not bind himself to accept the highest or any offer.
Mr. Mungal is solely acting in his capacity as Interim Receiver of Tabaquite Farmers Limited (In Receivership) and not in his
own personal capacity
The announcement this week that China s
economy had grown by 7.3 per cent in the
third quarter, year-on-year, widely was seen
as marking the country s "new normal" of
slower growth. It was well below the roughly
10 per cent pace China had averaged from
1980 until two years ago.
However, according to a new working
paper by Lant Pritchett and Larry Summers
of Harvard University in Cambridge, Mass.,
it is still abnormal: Chinese growth is likely
to be lower still in the future.
Forecasters often extrapolate from recent
growth rates, the authors note. The Inter-
national Monetary Fund, for instance, proj-
China's future growth:
Even dragons tire
ects that Chinese growth will slow almost imper-
ceptibly during the next five years, from about 7.4
per cent this year to 6.3 per cent by the end of the
decade. Yet Pritchett and Summers point out that,
if it is possible to infer anything from past patterns
of growth around the world, it is that economies
suffer from "regression to the mean": Growth rates
in countries that have been growing fast tend to drop,
often sharply, toward the long-run global average of
about 2 per cent growth per year in real GDP per
Given this tendency, China s long spell of breakneck
growth, of more than 6.0 per cent a year since 1977,
already stands out. It is, the authors reckon, the
longest such spell "quite possibly in the history of
mankind, but certainly in the data." In almost every
other remotely comparable episode, fast growth ended
in a sharp slowdown, with a median drop in the
growth rate of 4.7 percentage points. The IMF s fore-
cast of China s growth during the next five years may
seem slightly bearish, but it is wildly optimistic by
China bulls may ask what it is that will hobble
China s growth, but the authors reckon that the
reverse should be true: The onus should be on the
bulls to explain why China should continue to defy
Slowdowns often occur despite seemingly sound
prospects. Both Brazil in 1980 and Japan in 1991
looked like juggernauts, yet they managed scarcely
any growth at all in real GDP per person during the
following 20 years. A slowdown is not a sign of failure,
the authors write. Rather, persistent rapid growth
suggests unusually good fortune or policy.
In China that has meant a broad move toward
more liberal markets. The authors suggest that the
way forward is treacherous, however. Richer countries
almost uniformly are much more democratic than
China. Yet a democratic transition---were China to
embark on one---nearly always coincides with a period
of falling growth, one notable exception being South
Korea in the 1980s.
For China to maintain its current rate of growth,
in other words, it would have to beat long odds on
multiple bets. The surest of historical rules of thumb
implies that, 20 years from now, China s economy,
measured by market exchange rates, probably will
still be smaller than America s.
@2014 The Economist Newspaper Ltd. Distributed by
the New York Times Syndicate
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