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Everything is forthcoming and the clubs will be updated in the very near future, Mr Douglas said.St Davids is waiting for the largest chunk of money close to ,000 as it was the host club for the 2015 series, which was steeped in controversy after the first round, when champions Cleveland were stripped of the cup and then reinstated after an ill-tempered match against Baileys Bay.The Bermuda Police Service confirmed that an investigation took place into the crime, but are otherwise flummoxed. Asked if the lack of funds has had any impact on the club, Mr Minors added: We are able to operate, but not in the capacity we would like to. Carlton Smith, president of Cleveland County, said: If we get the money and everything is straight then everybody is happy.If I had the money, I would be able to pay off some bills; I have distributors I need to pay off and things like that. I will definitely need it by the end of February because we have a cash incentive programme for my club cricketers.They havent given a statement about how they are going to recover the money at all, Perinchief said. It will have a negative impact if we dont receive it.We are just waiting patiently that is all we can do.Mr Burchall highlighted Bermudas growing GDP but warned that due to the peculiarities and uniqueness of our situation, it is not going to feel like it.

We all know the money went missing, Otis Minors, the St Davids president, said of the June theft.

By coming together, there is, perhaps, an immediate pain in business where there are some jobs lost but eventually it ends up being a stronger company that can achieve and employ more and contribute more.

I would encourage those in the third sector to think about areas where it makes sense to consolidate or merge.

Speaking at the third sector conference Building Hope at the Hamilton Princess yesterday, Ms Foulger said that job losses could eventually be recouped if the organisations could become stronger.

Elaine Butterfield, executive director of the Centre on Philanthropy, which organized the event, has previously warned Bermudas charities are experiencing unprecedented financial pressure, with 65 per cent experiencing an increase in demand for their services coupled with a reduction in donations.

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