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SCHEDULE 1

ASSESSMENT OF COSTS TO BRING PROPERTIES UP TO REASONABLE STANDARD

British Virgin Islands

1.

2.

Essential

Roof repairs, rewiring, new staff lavatory US$ 18,000 (sterling equivalent £9,890)

Desirable

Resurfacing tennis court

US 15,000 (sterling equivalent £8,240)

Turks and Caicos

Replacement of roof shingles and guttering US$23,000

Replacement of veranda floor US$ 3,000

New septic tank soak away, etc US$ 4,000

Some refurnishing

sterling equivalent £16,480

(Governor quotes figure to bring furniture and room decoration to DOE standards. This would need to be re-assessed)

US$ 30,000 to US$50,000

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