XN000022-1973-01-11 — Page 8

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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