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SUNDAY, NOVEMBER 16, 1980
NOTE TO EDITORS:
THE OFFICIAL OPENING CEREMONY OF THE MARDEN FOUNDATION CARITAS PREVOCATIONAL SCHOOL IN SHA TIN, WILL TAKE PLACE ON TUESDAY (NOVEMBER 18) AT 3 PM IN THE SCHOOL HALL.
THE CHIEF SECRETARY, SIR JACK CATER, WILL BE WELCOMED ON ARRIVAL BY MR J.L. MARDEN, GOVERNOR OF THE MARDEN FOUNDATION LTD, WHO WILL LATER INVITE SIR JACK TO UNVEIL A PLAQUE TO COMMEMORATE THE OCCASION.
YOU ARE WELCOME TO SEND YOUR REPRESENTATIVES TO COVER THE OPENING CEREMONY. A COACH FOR MEDIA REPRESENTATIVES AND GUESTS WILL LEAVE Y.M.C.A. BUILDING, HANKOW ROAD.
TS IM SHA TSUI FOR SHA TIN AT 1.45 PM ON TUESDAY (NOVEMBER 18).
CREDIT UNIONS ARE A SUCCESS ****
CREDIT UNIONS HAVE CONTRIBUTED SIGNIFICANTLY TO HONG KONG, BOTH SOCIALLY AND ECONOMICALLY, THE DIRECTOR OF AGRICULTURE AND FISHERIES, MR J.M. RIDDELL-SWAN SAID TODAY (SUNDAY).
THERE WERE NOW 60 CREDIT UNIONS SERVING ALMOST 13 000 MEMBERS, REPRESENTING A WIDE CROSS-SECTION OF THE COMMUNITY AND WITH COMBINED SAVINGS OF SOME $12 MILLION, MR RIDDELL-SWAN SAID.
HE WAS SPEAKING AT THE OPENING OF THE ANNUAL CARNIVAL WEEK OF THE CREDIT UNION LEAGUE IN WAH YAN COLLEGE, KOWLOON.
THE TOTAL AMOUNT GIVEN OUT IN LOANS BY THE UNIONS SINCE 1964, WHEN THE FIRST UNION WAS SET UP, WAS ABOUT $76 MILLION, MR RIDDELL-SWAN SAID.
HE SAID THE CREDIT UNIONS COULD NOT HAVE GIVEN SUCH ECONOMIC HELP TO THEIR MEMBERS IF IT WERE NOT FOR THE SOCIAL DEDICATION OF THE 900 VOLUNTEERS WHO MANAGE THE CREDIT UNIONS, HELP WITH LOANS, COUNSEL BORROWERS, KEEP THE ACCOUNTS, EDUCATE THE MEMBERS IN THE SPIRIT OF MUTUAL SERVICE AND OFTEN RESCUE MEMBERS FROM THE HANDS OF LOAN SHARKS.+
THE CREDIT UNION LEAGUE PROVIDED A TREMENDOUS AMOUNT OF HELP TO MEMBER CREDIT UNIONS AND HAD BEEN IN THE FOREFRONT OF ALL BATTLES ON BEHALF OF THE UNIONS, MR RIDDELL-SWAN SAID.
ON PROBLEMS FACED BY THE UNIONS, MR RIDDELL-SWAN SAID: IN HONG KONG PEOPLE AND FAMILIES ARE CONSTANTLY ON THE MOVE AND OFTEN SHIFT FROM THE IR ORIGINAL PLACE OF RESIDENCE TO NEW HOUSING ESTATES IN NEW AREAS SCATTERED FAR AND WIDE OVER THE TERRITORY, +
THIS HAD RESULTED IN MEMBERS LOSING TOUCH WITH THEIR SOCIETIES AND CONSEQUENTLY THE SOCIETIES LOST THEIR STRENGTH, HE SAID.
/ONE WAY