Thursday, January 11, 1973
SOCIAL WELF.RE DEPARTMENT CREDIT UNION
President Reports Satisfactory Position
Mr. Kwok Ka-chi, President of the Social Welfare Department
Credit Union, said today membership of the Union stood at 225, with the
number of shares totalling $10,030.
He told the first annual general meeting at the Lady Trench
Training Centre that the position was not unsatisfactory, but he hoped
more members of the department would join the Union, and so advance the
cause for which it had been formed.
He said during the first year, 36 applications for loans had
been approved, mainly for improving personal living standards and
meeting immediate needs.
Nr. Thomas C.Y. Lee, Deputy Director, addressed the gathering.
He paid tribute to the outgoing committee, endorsing the view of the
president that more members of the department should join the Union.
He described the Union as a significant movement. It was "neither
for profit, nor for relief but truly for service."
Mr. Lee also presented prizes to departmental Credit Union
members who had introduced the biggest number of new members to the
Union and the largest number of shares during the membership drive.
They included Mr. Chan Ming, Mr. Lau Chi-yan, Mise Tong San-tat,
and Mr. Wong Keung-chiu.
The meeting ended with an entertainment programme, a "lucky draw"
by Mr. K.S. Hardy, Chairman of the Joint Staff Consultative Council, and
refreshments.
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