The Kingsland Debt
TIMELINE 1993 - PRESENT
- In 1993 the Kingsland debt of $7,790,002.66 to the Government Barbados National Bank was transferred to the Barbados Agricultural Credit Trust Ltd.
- 1996-97 the management of the Barbados Agricultural Credit Trust Ltd. received independent appraisals and recommended the sale of Kingsland’s 2 acre beachfront property. The first offer was made at $1.8 million and later at $2.4 million. The Board of the BACT refused to act after asking for and receiving offers.