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LOWTAX OFFSHORE

BERMUDA: COUNTRY AND GOVERNMENT


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Bermuda Geography

The Bermudas comprises a group of small islands in the west Atlantic Ocean located 965.6km east of North Carolina and 1,241km southeast of New York. The Bahamas lie about 1,609km to the south. Bermuda should not be confused with either the West Indies or Caribbean.

There are about 150 islands which evolved from the remnants of a thick layer of aeolin limestone. The islands are warmed by the Gulf Stream; the coral deposits found there are the most northerly in the world. An extinct volcano lies submerged along the islands' southeastern perimeter in the shape of a fish hook. The islands are hilly and the highest point is 79.9 metres at Town Hill in Smith's Parish.

A series of bridges connect the main islands which cover a total area of 52km sq. There are no rivers or fresh water lakes in the Bermudas. The rainfall is sufficient for local agriculture and falls evenly over the year. Most buildings store rainwater in underground tanks and supplies will be further boosted after proposed desalination plants are completed.

The climate is mild and humid with an average minimum temperature of 8.3C and maximum of 32.1. There is no frost and sea breezes provide relief from the high temperatures. Vegetation is lush despite the shallow soil distributed over the islands. The ever increasing population is rapidly taking over the arable land.


Bermuda Population, Language and Culture

Since 1950 the resident civilian population has steadily increased (see table) to 65,773 people in July 2006 of mostly English, Portuguese and West Indian descent.

1950
37,403
1960
42,640
1970
52,330
1980
54,050
1991
58,640
2001
64,000
2003
64,500
2005
65,365
2006
65,773
2007
66,163
2009
67,800


Population density is around 3,160 persons per square mile. Bermuda Standard Time is 1 hour ahead of US Eastern Time, and 4 hours behind GMT. There is daylight saving time from April to October.

English is the official language; Portuguese is also spoken but to a lesser degree. The Bermudas were once referred to as the Isle of Devils because of the many ships wrecked there. William Shakespeare based his play "the Tempest" on the wreck of the British flagship, "Sea Venture" which set sail in 1609 carrying supplies to the Virginia Colony. The ship was wrecked near the shores of Bermuda during a storm and the survivors discovered the island, its lush fruits and wildlife.

The islands were colonised by the British in 1612 as the "Key to the West Indies". Three years later the founders of the Bermuda Company assumed the island's administration and divided it up into parishes named after the company's principal investors. Bermuda is the oldest British colony and has the oldest Parliament in the Western Hemisphere.

In 1670 the rule of the Bermuda company ended and the King of England took direct control. Bermuda has since developed as a tropical haven for tourists with beautiful beaches, gardens, golf courses and quaint harbours. Nightlife centres around the larger towns of Hamilton and St George. Bermudians like to boast that there is no illiteracy, no unemployment and no income tax.

Bermuda Government

Bermuda is a self-governing British Crown Colony and forms part of the Commonwealth. Its legal system is based on English common law. The Crown appoints the Governor and Britain is responsible for the Island's external affairs, defence, internal security and the police. Bermuda has an elected House of Assembly and an appointed Upper House (Senate).

Parliamentary elections in December 2007 returned the Progessive Labour Party to power with 22 seats to the United Bermuda Party's 14. The Progressive Labour Party was fighting for a third consecutive term while the United Bermuda Party was bidding to return to power after a decisive defeat ended a 30-year term of power.

The Premier, since 30 October, 2006, has been Ewart Brown, and the Deputy Premier is Paula Cox.

In a 1995 vote, the island's population rejected a proposal to become independent, partly perhaps out of concern for Bermuda's highly successful financial services industry. However, agitation for independence continues.

In 2005 the UK government hinted that its preferred method of settling the question of independence for Bermuda would be to hold a referendum on the subject. UK Overseas Territories Minister at the time, Bill Rammell explained that: "As the grant of independence by the UK requires the prior approval of Parliament, the UK Government needs to be satisfied that, if a territory moves to independence, it does so on the basis of the clearly and constitutionally expressed wish of the people."

He went on to add: “The move to independence is a fundamental step. Increasingly in the UK, major constitutional issues of this kind are being put to a referendum. At this time, the presumption of the UK Government is that a referendum would be the way of testing opinion in those territories where independence is an option. But a final decision on whether to go the referendum route, and what form the referendum might take, would need to be determined by the UK on a case-by-case basis, reflecting the uniqueness and individual characteristics of each territory.”

The Bermudian government however is known to favour deciding the sovereignty question via a General Election.


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