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SUNDAY BUSINESS GUARDIAN www.guardian.co.tt JANUARY 11 • 2015
De La Rue Scholarship: Martin Franklin, seated from left, lecturer, Department of Economics, UWI, St Augustine; with Charles Moore, chargé d'affaires, British High Commission; Matt West, Caribbean
regional manager, De La Rue; Ewart Williams, former governor of the Central Bank of T&T; Clare Lloyd Williams, group communications manager, De La Rue; and Harold Codrington, deputy Governor,
Central Bank of Barbados, with De La Rue scholars at the launch of the Association of De La Rue Scholars at the Hilton Trinidad and Conference Centre on January 8. PHOTO: ANDRE ALEXANDER
On Thursday night, the scholars from across
the region gathered at the Hilton Trinidad hotel
in Port-of-Spain to participate in the official
launch of the Association of De La Rue Scholars,
a grouping of the recipients of post-graduate
scholarships from the English company that
prints T&T s currency.
At the dinner, the co-ordinator of the group,
former Central Bank Governor EWART
WILLIAMS, delivered a short speech, an excerpt
of which follows:
Let me start by giving some context to
the evolution of the scholarship pro-
gramme and the rationale behind our
interest in supporting an Association
of De la Rue Scholars.
De La Rue has had a long and close relationship
with the Caribbean, having produced currency notes
for almost every issuing authority at central bank
at some stage in its long history.
The De La Rue scholarship programme came out
of a Conference on the Caribbean, hosted by the
UK Foreign Office in 2000. At this conference, min-
isters from the Caribbean identified the expansion
of expansion of post-graduate education as a critical
requirement in the development efforts of the regional
The University of the West Indies has also repeat-
edly made this point, emphasising that it is post-
graduate education that will generate the research,
the thinking, the policy advice and the innovation
necessary for regional development and an enhanced
quality of life.
It is to their credit that De La Rue decided to
demonstrate its corporate social responsibility by
opting to become engaged in an activity that was
fully aligned to one of the region s foremost aspi-
rations. Thus was born a collaboration between the
regional central banks and the University of the West
Indies in a postgraduate scholarship programme.
The programme started in Jamaica in 2002;
expanded to T&T in 2003; to the ECCU in 2004
and, most recently, to Barbados in 2013. There are
now 38 De La Rue scholars spread throughout the
You, esteemed De La Rue Scholars, are among
the region s best and brightest. You are a group of
young people who have demonstrated excellence
and showed an enormous potential for leadership,
in a region, where for all its successes, faces major
social and economic development challenges.
It is my humble view that you individually, but
moreso as a group, are ideally equipped to making
a decisive contribution towards resolving the many
socio-economic problems that afflict your home
countries and the region. And therein lies the over-
riding rationale for the formation of the Association
of De La Rue Scholars. You are part of a small group
from whence will come the future leaders of the
And based on that conviction, I see the association
as, firstly providing a platform for interaction and
networking among scholars. You are a group with
much in common and even more to offer. There
must be much for you to share: your professional
challenges, your experiences, your hopes, and your
aspirations. There must be much that you could
learn from each other; much on which you could
collaborate to further your professional and personal
The process of innovation and the propagation
of new ideas is facilitated by opportunities to share,
to discuss and to debate. Intellectual activity could
be a lonely pursuit. Getting encouragement from
and opportunities to collaborate with colleagues
stimulates the process.
But it would help if you see yourselves as future
leaders in the region. Your career, so far, has been
good preparation for leadership. You simply cannot
now rest on your laurels and coast.
But there is a second point that I would wish to
remind you of: your post graduate education and
indeed your De La Rue Scholarship carry with it an
obligation to give back to your community, be it
local, national or regional.
Your post-graduate education will help you, per-
sonally, as such degrees are increasingly being con-
sidered an asset by employers. Beyond this, however,
your education should have a broader purpose, in
that it should be put in the service of society.
Indeed, one of the original ideas behind the schol-
arship was that De La Rue scholars should become
involved in helping their communities.
Community service is powerful because it benefits
the community as much as it benefits the giver. These
days you hear a lot about the self-centredness of
youth: that young people are only concerned about
material things and disinterested in helping others.
Obviously that is not the ideal and certainly not
something that today s Caribbean society could afford.
It is certainly not what we would expect from De La
In providing community service you are being
asked to give of yourselves; to share your problem-
solving skills; your empathy; your sensitivity; your
concern for others.
Whether you realise it or not, you all are role
models and you would be surprised at the good you
would do by living the part.
I could not avoid citing a Facebook post of March
26, 2012, of one of our De La Rue Scholars. Dr Andre
Haughton was awarded a De la Rue Scholarship in
2003. After completing his Masters studies he went
on to complete his PhD at the University of Essex
on a British Commonwealth Scholarship. Dr Haughton
has since returned to Jamaica and is now a lecturer
at the University of the West Indies.
But not satisfied with his personal success Dr
Haughton states: "Until I achieve a decrease in poverty,
improve efficiency in the country and help to provide
resources for inner city youths, I won t be fulfilled."
He is pursuing these objectives through his Valley
Foundation, the aim of which is "to build communities,
get funding to better the resources and infrastructure
and allowing children growing up to maximise their
true positive potential."
Your achievements so far have clearly demonstrated
that you have the potential for leadership. Now go
ahead and fulfill that potential. De La Rue is prepared
to support you all the way.
'Be leaders who give back' De La Rue
Zanna Barnard---St Lucia
Antigua & Barbuda
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