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We have reps who go to the ECCA meetings who report back to the club, but I havent heard anything yet from them regarding the situation.

We are giving them [the ECCA] time after the holiday, but we are now well into the new year. A 6ft alleged culprit, described to be of medium to stocky build, was seen fleeing by foot along Great Bay Road.

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.

It will feel like it is dragging on and that is because our need to service our debt is increasing, increasing, increasing. Mr Burchall spoke positively about the potential economic impact of the Americas Cup but stressed that for our economy to be able to support our debt service cost, it would be crucial to increase the working population in Bermuda from 33,500 to at least 45,000.

Charities have been urged to consider the short-term pain of consolidation or mergers as they battle for survival in Bermudas harsh economy.

Caroline Foulger, chairwoman of Bermuda Business Development Agency, encouraged the third sector to follow the example of the international business community by undergoing tough measures that could lead to a brighter long-term future.

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.

However, Steven Douglas, the Eastern Counties president, has said that good news is on the way.Ms Foulger was a panelist at the conference along with senior lecturer of economics at the Bermuda College Craig Simmons, writer and economic analyst Larry Burchall, and Kumi Bradshaw of Firm Advisory.The title of their discussion was Survival of the Fittest but Ms Foulger said the title was only shorthand for a more important message from evolutionist Charles Darwin that those most likely to survive are those most responsive to change.The rest of the funds are meant to be divided among the other three clubs.We all know the money went missing, Otis Minors, the St Davids president, said of the June theft.

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