Tax exemption form of a USVI trust company, fiscal year 2000

EXHIBIT 39¶

Fiscal Year Ending December 31. 291&¶

Company Name & Address: Financial Trust Company Inc. 6100 Red Hook Quaner B-3 St. USVI 00802¶

Telephone No.: . (340) 775.2525¶

Name I Signature of Preparer: Jeanne¶

Gross Sale (Ineligible Sales ) Eligible for Tax Benefits Gross Wages Paid In the V.I. (Include vacation & sick pay, bonuses, overtime, cte.) Avenge No. of Employees; Full Time & (Pan Time) 10 ( - ) Average No. of Residents; Full Time Sr( Pan Time) 10 ( - ) Average No. of Non-Residents; Full Time & Pan Time ( ) Other Employee Cost (Unemployment & Health Insurance. Pension, Allowances, etc.) ’ 57,437 Employee Income Taxes Paid and Withheld S 188.537¶

64409495 S 569,421¶

Cross Receipts: Real Property Taxi Excise Taxes: Income Taxes: . Customs Duties: Amount Paid Dollar Value of Exemption Annum Paid Dollar Value of Exemplio Total Paid Dollar Value of Exemp Total Paid Dollar Value of Exemptlo Total Paid Dollar Value of Exemption Other: Hotel room taxes paid Other Taxer, Pecs Paid to V.I. Go¶

TAXES AND DUTIES (Provide dollar value of exemption refund for each tax)¶

S $ 2,576.380 RECEIVED 3,047 6,461.932 25.845.200 S $ S 750¶

•••• “‘OCT 15 211111 nIXECUITVE DIRECTORS OFFICE 57.1101AS¶

TOTAL TAXES PAID: TOTAL VALUE OF EXEMPTIONS AND/OR REFUNDS:¶

6.465.729 28.421.580¶

Goods And Services	Eligible Suppliers	V.I. Suppliers	Non-Local	Total
Raw Materials,
Components	-	-	-	-
Food, Beverages	-	-	-	-
Freight Charges	-	796	-	796 ✓
Insurance	-	-	4,615	4,615 ✓
Legal / Accounting	73,726	-	1,161	74,887
Advertising / Promotion	-	1,108	-	1,108 ✓
Utilities (Tel., Water,
Elect., etc.)	-	25,883	-	25,883 ✓
Interest and Other
Banking Charges	-	66	141	207 ✓
Supplies	4,466	17,411	4,413	26,290
Repairs / Maintenance	1,100	9,846	-	10,946
Other (List Separately)	201,850	99281	4,2405	368,847
Sub-total, Goods and
Services:	281,142	154,391	52735	488,268
Capital Expenditures:
Building & Improvement	-	-	-	-
Leasehold Improvements	106,070	3,580	-	109,650 ✓
Machinery / Equipment	42,386	10,115	4,947	57,448 ✓
Furniture / Fixtures	2,083	9,335	9,273	20,691 ✓
Vehicles	-	-	-	-
Other (List Separately)	-	-	-	-
Subtotal, Capital Expend.	150,539	23,030	14,220	187,789
GRAND TOTALS	431,691	177,782	91,305	700,768
CUMULATIVE CAPITAL EXPENDITURE UNDER IDC CERTIFICATE				562,052

NU •¶

EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT¶

Fiscal Year Ending December 31, 2000¶

Other Expenditures¶

Goods And Services	Eligible Supplier	V.I. Suppliers	Non-Local	Total
Dues	-	500	-	500
Postage and delivery	-	3,772	-	(Pfrs) 3,772
Airfare	-	-	18,070	(Tkavel) 18,070
Stockmarket services	-	-	24,335	24,335
Start up costs	-	361	24,350	24,771 INELIGIBLE
Charitable contributions	189,350	-	-	189,350
Co-op marketing fee	12,500	-	-	12,500
Lodging and transportation	-	21,393	-	(Tkavel) 21,393
Rent	-	73,616	-	73,616
Sub-total Other	201,850	99,667 99251.	66,755 42405	168,247 343,536.