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Optimised for 800 x 600 resolution, minimum 256 colours , if you
can't read this, go to
http://www.rotarysingaporewest.org/Newsletter.htm |
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e-bulletin of the Rotary Club of
Singapore-West |
Issue no: 14 / 11
Dec 2003 |
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Getting BETTER
Returns
for our scholarship funds |
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Ted de Ponti
(above), President of RCSW in 1964 / 65, willed a sum of S$250,000
in 1990 to RCSW to establish a scholarship fund for tertiary
students from the National University of Singapore, the Singapore
Polytechnic and the Nanyang Technological University.
This sum
of money was originally invested in fixed deposits which yield
returns of 0.5% to 0.75%. Some felt that these returns would not
provide meaningful study grants to our needy or worthy students.
Following deliberation at committee, BOD
meetings and with consensus from our last club assembly, members
felt that we should look into a safe investment vehicle offering
higher returns. Our Honorary Treasurer Yeo Chuen Eng has kindly
agreed to spearhead this project, make the necessary inquiries and
to initiate the process. |
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UPDATE:
After our failed attempt to open a Central Depository
Account at the CDP, a requirement by DBS Bank before they
would purchase the proposed bond for our Ted de Ponti
Fund, Treasurer Yeo Chuen Eng sought Citibank's help to
secure the bond without the CDP account. Citibank agreed
to do so on the following conditions :
1. We provide an extract of our Board's minutes
authorizing the purchase of the Bonds.
2. We provide an extract of the Club Assembly meeting
where members have been informed of the Board's decision
and that there was no objection to the proposed
investment.
3. We undertake to amend our constitution (later) to
provide for SGD Bond investments.
Our plan is to invest in "AA" or "A" rated Bank Bonds like
OCBC or UOB and/or Singapore Government Statutory Board
Companies' Bonds like LTA. They are for tenures of between
8 to 12 years. The eventual selection of the Bond will
depend on their availability but we should get at least a
4% pa return. These bonds are considered very safe
investments.
We will keep members posted about the progress via
bulletin and at our subsequent club assemblies. A business
meeting will also be convened sometime in January 2004 to
amend our club's constitution to include bond investments
by the club. |
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**
honorary treasurer yeo chuen eng |
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What'Z for lunch |
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This Week:
WED 10th Dec 2003
"Happy
Hour at Singapore Recreation Club"
see notice this page
for details
Next Week:
18th Dec 2003
"Topic
To Be Confirmed"
Dr Ang Peng Chye
(Psychiatrist)
(Lyrebird Room, L3)
Following
Weeks:
25th Dec 2003
Christmas Day
No Meeting
"Merry Christmas to all members
of RCSW"
from the
Editorial Committee |
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Highlights this Week |
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RCSW
Christmas Happy Hour - Singapore Recreation Club
10th Dec '03 from 7:00pm onwards at
$21.00 per pax |
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Parking : Available for non-members of SRC chargeable at an
hourly rate of $2.00. Park at Basement level 4 and take the lift
directly to the 1st Floor where Venue (Lounge 1883) is located
just behind the Reception Counter. Alternative parking is also
available at Raffles City where the charges are on per entry
basis, or along the road next to the Padang leading to the
Singapore Cricket Club.
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Payment : Cash $21.00 per pax payable to the Rotarians on
'Desk Duty'. Dining coupon vouchers will be issued.
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Meeting starts at 7:00 pm and the early birds can start
boozing on the complimentary barrel of beer. For those who wish to
patronize the Bar, additional cash coupons ($5.00 each) are
available from the SRC counter. There will be a free flow of soft
drinks.
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This
is an official Rotary meeting and make up cards will be issued to
all visiting Rotarians.
Luncheon Meeting on 11th December will be cancelled in lieu of this
event |
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Major
Project gets a Kick Start
from funds raised through our charity bike rider Rtn Pieter
Van Putten
and from funds raised through NJC's Christmas Cheer project |
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A
gathering of friends and Rotarians to celebrate Pieter's 40th
Birthday on Saturday 29th November saw NO birthday presents, but
donations of cheques and cash instead to the Singapore Cancer
Society, a charity nominated by RCSW as part of its major project
03/04. This gathering raised a total of S$2,660. Pieter will also
champion the cause by riding from Malacca and arriving in Singapore
in time for our major project charity golf dinner at Raffles Country
Club on Friday, 23rd April 2004. Happy 40th Birthday Pieter and
thank you for the party. We would also like to thank generous guests
who attended and made a contribution to this worthy cause.
The Interact Club of
NJC has started their Christmas Cheer project. They have been
selling "The Christmas CD - All Wrapped Up" by the a
cappella group Vocaluptuous, teddy bears and chocolates at
Suntec City from 1st to 23rd December. They can be located at the
walkway outside the
food court next to the the Fountain of Wealth.
Proceeds from the sale of the CDs will go to The Society of the
Physically Disabled. Proceeds from the sale of chocolates and
teddy bears will support NJC's community service trips to Cambodia
and the Maldives.
(Picture above: NJC Interactors at Suntec City) |
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Any member in the vicinity are
encouraged to visit, support or bring a friend
at lunch (after 11am) or before 7pm in the evening.
They have worked very hard and fast to get this going
despite numerous obstacles.. |
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Calendar of Events |
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A LETTER FROM AG CHRIS
CHEN |
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Dear
Presidents and Rotarians of Group 5, District 3310,
I am writing to appeal as well as to encourage you, your club
officers and members to register for the upcoming District
Conference that will take place in less than a month.
This conference promises to be interesting not only for us Rotarians
but also for our spouses. The programme will feature PRIP Bhichai
as one of our keynote speakers amogst others. You will find him
motivational, insightful and inspirational. He was also a Past
District Governor of our District 3310.
I strongly urge all Rotarians, in spite of your busy schedule, to
take time off to come attend this conference by registering now. We
need your support! This will also help us with our catering,
transport and other arrangements.
I would also like to thank RC Bugis Junction whom I understand has
already lined up a strong delegation. If your club or fellow members
have not done so, I urge you to do so as soon as possible.
Thank you & regards,
Chris Chen
AG-Group 5, D3310
The
RI District 3310 Conference is from 9th - 11th January 2004 at
Suntec International Exhibition and Convention Centre. Access
District 3310 Conference website
for more details. |
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An appeal was
made by our Honorary Treasurer at our luncheon meeting on Dec 4,
2003 for members to pay up this year's subscriptions if they have
not already done so.
70% or 47 members have sent in their cheques. 21 members or 30% have
not done so 6 months into RY 03-04 and their co-operation to act as
soon as convenient would be appreciated. A written and follow up
phone call to those concerned will follow shortly from our Club
Treasurer Yeo Chuen Eng. |
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RCSW Major
Project Charity Golf: Friday 23rd April 2003. 11am
to 10.30pm. Raffles Country Club, Palm Course.
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RCSW Major
Project Charity Bike Ride: Friday 23rd April 2003. 4am to
10.30pm.
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Notice is hereby given that the Annual General Meeting of
RCSW will be held on 18th Dec 2003 at 1.50pm, Grand
Copthorne Waterfront Hotel, following the luncheon meeting.
Agenda includes: |
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To approve
the minutes of the Annual General Meeting of RCSW for RY 02/03.
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To approve
the audited accounts of RCSW for RY 02/03.
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To present
the BOD of RCSW for RY 04/05.
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Happy
Birthday |
Wedding
Anniversary |
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Bernd Gotze |
Ben & Lily Chng |
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Samuel & Sharon Tso |
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Seah Khenn Hee |
Tan Kay Hui & Nancy |
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Thomas & Sylvia Wong |
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THE 4
WAY TEST
OF THE THINGS WE
THINK, SAY OR DO |
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First
Second
Third
Fourth
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Is it the Truth
?
Is it Fair to all concerned ?
Will it build Goodwill and Better Friendship?
Will it be Beneficial to all concerned ? |
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10th Dec |
Lai Bou Loeng |
Loh Sin Yong |
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11th Dec |
Pek Tiong Boon |
Denis Tan |
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18th Dec |
Michael Quek |
Seah Khen Hee |
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HOME
DISTRICT3310
ROTARY BOWLING
RI
RI CONVENTION 2004
PRESIDENT
EDITOR |