Re: Admiralty Company " Jamaica"
This was the last thing I read about it. But then I have not been following it either.
Treasure hunt tussle
Gov't, salvagers squabble over pace of US$1.2-b bounty hunt
Observer Reporter
Sunday, February 20, 2005
Five years after the Jamaican government controversially granted an American company a licence to salvage the rich treasures that are believed to be still aboard Spanish galleons 300 years after they sank in waters off Jamaica's south coast, both sides are arguing over whose fault it is why a single 'piece of eight' hasn't yet come to the surface.
LOTT. the Jamaican people are not going to benefit from leaving it down there
The salvagers, Admiralty Corporation of Atlanta, Georgia, claim that the bounty is worth US$1.2 billion, and is just waiting to be brought to the surface - if the company could only disengage from the bureaucratic entanglements of the Jamaica National Heritage Trust (JNHT).
"It's just a matter of going out and retrieving (the treasure), but we have to have governmental approval to do that," says Clarence Lott, an Admiralty vice-president, who is in charge of the Jamaican project. "At this point we are not getting the complete government approval."
But Maxine Henry-Wilson, who holds the education and culture portfolio in the Jamaican Cabinet, insists that Admiralty has not lived up to all the obligations of its licence and will have to follow Jamaican laws. It was about protecting the environment and the cultural heritage, she says.
"There is movement (on the project), but I think we need to respect the sovereignty of Jamaica and the reasons why these requirements are necessary," Henry-Wilson says.
HENRY-WILSON. we cannot, willy nilly, give people permission
"We cannot, willy nilly, give people permission and then when things are damaged on the ocean floor or we do not get the returns that we anticipate then the government is held responsible. So we have to comply with the regulations that are there."
For Ainsley Henriques, who resigned as JNHT chairman in protest when the salvage licence was granted to Admiralty, it's perhaps time to revoke the permit for non-performance.
The promised technology to allow the safe salvage of the historic ships is not yet in place, he says, and the government, he believes, is being strung along by the company.
"The licence was given based on equipment, named by the licencees as ATLIS, that could identify all the material cultural remains that might lie on or under the seabed. This equipment has not been seen nor tested after all this time," says Henriques.
"Neither this condition nor other conditions of the licence, as we understand it, have been met. Perhaps it is time to examine this licence and maybe even terminate it and move on with those who can meet these conditions," he adds.
But from Lott's point of view, although he did not respond directly to Henriques, the long-running complaints about a lack of compliance by the Heritage Trust are unfounded.
Charles Nelson, the captain of Admiralty's 110-foot salvage ship The New World Legacy, shows off one of the vessel's two hand-held diver-deployed G-858 cesium magnotometres, one example of the high-tech equipment the company says is onboard.
"They are saying that there are issues that we have not resolved," he says. "We don't agree. We believe that we have more than satisfied everything, over the past seven years, that we need to do to be able to go out into the water and retrieve these treasures."
Hoping to resolve the conflicts between Admiralty and the JNHT, Henry-Wilson says she has appointed one of her junior ministers, Senator Noel Monteith as a go-between.
Among the ships targeted in the waters in the area off Jamaica's Pedro Banks is the Genovesa, a Spanish bullion vessel on its way from Cuba to Madrid, laden with treasures, when it went down in 1730. Other Spanish vessels, transporting the wealth of the Americas back to Spain, are known to have sunk in the same general area.
Originally, the estimated value of the treasure aboard the Genovesa was put at US$400 million, but now Lott says that with additional work, and new finds by his company, that estimate is now in the range of US$1.2 billion.
"We found the three ships from 1691 that we went looking for, and we found at least four other ships, that we didn't know were there, that we believe are from the 1500s - that could be priceless," according to Lott. "We did that in 14 days.
"We believe that (estimate of) US$400 million per ship is very low. If we are right, that's US$1.2 billion (from the three ships)."
However, Henry-Wilson says the company has provided nothing to back up these estimates.
"He says he has made some hits, but we don't know for sure what those hits consist of," she says. "We have no evidence of that."
Admiralty's original three-year licence allows them to trove for treasure on the basis of a 50:50 split between the company and government on all finds of gold and precious stones.
In addition, all the artifacts that have cultural value would be the property of the Jamaican government. Half of the cost of the retrieval process, now being completely funded by Admiralty, would be taken from the government's cut - but only if treasure is recovered. In addition, Admiralty has to pay taxes on its share of the profits.
That licence, which has since been renewed and will expire in November, was a reversal of Jamaica's 1991 ban on treasure hunts that would have allowed only archaeologists and researchers to research the island's shipwrecks. Angered by the government's move, Henriques, a highly-respected heritage buff and cultural historian, walked out of the JNHT, followed by the late Deryck Roberts.
At the same time, contractor-general Derrick McCoy, in the face of complaints by local salvagers who said they were not given a chance to bid, ordered an investigation into the award of the licence.
Admiralty weathered these controversies as well as concerns that treasure hunts in Jamaica's territorial waters would be a violation of an international convention which Jamaica was about to ratify in 1999.
The government later made it clear that the controversial hunt would go ahead. Now there is an issue of the employment of the appropriate technology. Lott, who admits that there is a problem with his company's much-touted ATLIS equipment, says its use is not vital to the next phase of the project.
"ATLIS is the centre of a lot of our controversy because the actual field operational unit for ATLIS is not ready yet. We think it will be ready within the next six to eight weeks," he says.
"For this project, ATLIS is an overkill, we don't need the ATLIS for this."
Lott, who stresses that his company had been a good corporate citizen, simply cannot understand why it has taken this long to be given the go-ahead for the next phase - limited excavation that will give a better picture of exactly what is beneath the sea.
"We are just totally perplexed (at the hold-up) because we want the same thing that JNHT wants," he says, claiming that outside forces were influencing the Trust's decisions. "We've heard statements from (outside forces) like, 'we don't need to touch those things that are down there, we need to leave them there for posterity'. Well, for whose posterity? The fish?
"The Jamaican people are not going to benefit from leaving it down there. It's been down there already for 300 years, what benefit do they have?" he asks, adding that once it gets underway the recovery process could take years, because of the sheer bulk of the treasure beneath the sea.
There should be no fear that the government and people of Jamaica would come out on the losing end of the deal, he says, as it was in his company's best interest to conduct a hunt that is ecologically and archaeologically sound and both sides would keep an inventory of the bounty recovered. It was always Admiralty's plan, he says, to use Jamaica as a toehold in the Caribbean and his company could not risk damaging its reputation.
But despite Admiralty's concern that the project is moving too slowly, Henry-Wilson says she had been assured, by Monteith, that the government was moving as quickly as possible without compromising the country's cultural heritage.
"He felt we were going as quickly as we could, without getting ourselves in any kind of unnecessary cobwebs," she says. "I think it is a case of, without political interference, ensuring that all the parties think the process is fair and it redounds to the benefit of Jamaica."