XN000022-1990-10-21 — Page 6

SUNDAY, OCTOBER 21, 1990

WHOSE MEMBERS

VOLUNTARILY JOIN

TOGETHER TO

LENDING THEIR SAVINGS TO OF MORE THAN

CREDIT UNIONS, PROMOTE SELF-HELP AND MUTUAL HELP THROUGH NEEDY MEMBERS AT A LOW RATE OF INTEREST, HAD A HISTORY TWO DECADES IN HONG KONG.

YEAR,

WERK THERE

66 AS AT MARCH 31 THIS

REGISTERED UNIONS IN THE TERRITORY WITH A TOTAL MEMBERSHIP OF 37,600.

CREDIT

HAD THE

ON AVERAGE, EACH MEMBER OF THE LOCAL CREDIT UNION MOVEMENT SAVINGS OF $4,750, REPRESENTING AN INCREASE OF 13 PER CENT DURING

OF WHICH 84 YEAR. TOTAL DEPOSITS SAVED BY MEMBERS WERE $162 MILLION, PER CENT WERE ON LOAN TO NEEDY MEMBERS.

ALLEVIATE

NOT

PROBLEMS FINANCIAL

UNLESS ITS UNLESS IT FUNCTIONED PROPERLY

NEVERTHELESS, DR LEE POINTED OUT THAT A CREDIT UNION WOULD

MEMBERS' BE A PANACEA TO MEMBERS HAD A STRONG COMMON BOND AND AND EFFICIENTLY,

"AS THE

OF MANAGEMENT

MUCH

ON UNION DEPENDS LARGELY

BE APPROPRIATE FOR VOLUNTEER HELP BY ENTHUSIASTIC MEMBERS, IT WOULD

TRAINING AS POSSIBLE IN ORDER ΤΟ EQUIP THEM TO RECEIVE AS

IN THE

HE THEIR RESPONSIBILITIES

CREDIT UNIONS, THEMSELVES FOR

AN

ROLE TO IMPORTANT

PLAY IN LEAGUE HAD THE SAID, ADDING THAT

AND ADVISORY SERVICES FOR ITS PROVIDING THE REQUISITE EDUCATIONAL MEMBERS.

A CREDIT

It

ΤΟ THE VOLUNTARY WORKERS AND

MOVEMENT IN

DR LEE WENT ON TO PAY TRIBUTE LEADERS FOR THEIR CONTRIBUTION TO THE CREDIT UNION KONG.

MADAM

SERVICE CERTIFICATES HE THEN PRESENTED OUTSTANDING

SIU SHIU-KUEN, CHIU CREDIT UNION MEMBERS CHAI-CHUNG, YIP WAI-KUEN AND YUEN PAK-NIN.

-

HONG

то

WING-NIEN,

FIVE LAM

TWO OTHER MEMBERS, HONOURED WITH LONG SERVICE AWARDS.

CHAN KWOK-KUEN

AND

MA

LEUNG-HANG,

WERE

READING SCHEME TO IMPROVE STUDENTS' LANGUAGE SKILLS

* * * *

1991

SECONDARY SCHOOL STUDENTS ARE INVITED TO TAKE PART IN THE READING AWARD SCHEME WHICH WILL TAKE PLACE BETWEEN NOVEMBER AND APRIL NEXT YEAR.

THE SCHEME IS JOINTLY ORGANISED BY THE LIBRARY SECTION OF THE

7 CLUBS EDUCATION DEPARTMENT AND THE BOYS' AND GIRLS

OF ASSOCIATION HONG KONG TO HELP STUDENTS DEVELOP GOOD READING HABITS, IMPROVE LANGUAGE SKILLS AND PROMOTE THE USE OF LIBRARY RESOURCES, EDUCATION DEPARTMENT SPOKESMAN SAID TODAY (SUNDAY).

THEIR

AN

/ABOUT 30,000