Golden News
Volume 14 - Number 5 - 1st August 2000


The weekly newsletter of the Rotary Club of Kowloon Golden Mile, Hong Kong.
Web site:
www.rckgm.org


 
See What You Missed!
 
Hans Fellowship Peter, Terrence, Amy, Louis&Therese&SisterJean, Patricia & friend from London who was flying back that very evening but is dying to get back here, Raju and friend, President Cassidy & 4 Rotaractors, Clarissa, Carola, Ebe&Sam, Elissa&John, Prehistoric Past President Robin .... I know I know I know he's younger than me but I'm Precambrian Past President ....Chris and Brian Van up and down Dale all attended the Fellowship Happy Hour at the Dublin Jack begorrah and behesus. A great time was had by all


 
Next Fellowship
 
The next fellowship should be called followship because Hans, who will be fallow for a few weeks while on furlough with his family in Germany eating Filo-loaves, not wanting to 'loose' the momentum of Dublin begorrah Jack evening already has plans! These relate to a more family oriented followship walk on a Sunday in August in the countryside followed by a barbecue late lunch or early dinner.


 
Last Week's Meeting
 
Started at 1.23 with a report that 5 KGMilers attended the recent District happy hour at the Kowloon Club in Tsim Sha Tsui while PP Robin and a small party had attended and enjoyed the Rotoract Inauguration Dinner during the week.
PP Brian then became a Sergeant again after almost a decade but had trouble with inflation in calculating the fines.
Rtn Kumar introduced PP Winnie  Yuen, Happy Valley and Rtn Nanu introduced guests of Rotarians, Erica Taylor who was with Rtn Patricia and Caron Chan with Rtn Carola. There followed a bit of business as the assembled endorsed the Board's recommendation to nominate PP CK Tsang as RCKGM's a candidate for the coming 02/03 District Governor Nominating Committee.
The Speaker, Cassius Rolfe-Johnson, was introduced by Rtn Vincent, and almost gave the speech in his introduction. But Cassius had a kind and well fed look, rather a mean and hungry one, and instinctively mentioned what was on everyone's mind ie how come he was talking on this subject with so little of the subject in evidence upon his pate, so to speak? Had he perhaps un-selfishly donated his entire supply for the cause of scientific research? Or was it a case of Mohair is better than grass growing on a busy street? But seriously, Mr Rolfe Johnson then proceeded to tell us in no uncertain terms how the condition of our bodies could be determined from an analysis of the chemical content of our hair growing (would you believe at 1/2 inch per 6 weeks) some one tenth of an inch from the scalp. Basically, hair tissue mineral analysis and diagnostic screen services assisted in determining the state or balance of vitamins and minerals in the body. The former being manufactured by the body and the latter being absorbed by the body from the things we eat. There followed a summary of the goodies and the badies of the world we live in. The goodies by and large look after themselves but it does no harm to keep an eye on them through HTMA which is not Hyper Text Mark-up Analysis. However beware of the big bad toxic metals, mercury (seafood from the sea around Hong Kong due to factory effluent), Cadmium (improperly disposed used batteries), aluminium (various sources at one time thought to be saucepans) and lead (the former ubiquitous channel for our drinking water to be delivered from roof to tap, still in use in some old places!). A lively session of questions followed before the vote of thanks from Rtn Jagdish.

 
Speaker for the Next Meeting
Mr Alan Abrahams
Chairman Amnesty International, Hong Kong Section
 

 
Club Visit to Rotary Club of Kowloon North on 28th July
 Rtn Neerja Sujanani
 
Pres Bill Clinton, oops Benter! (Thanks for that joke, President Cassidy) welcomed us very warmly indeed. August 9th will be the reciprocal visit to our club so all members please attend.
 
The main speaker was Tony Miller JP- Director of Housing of the HKSAR- He spoke eloquently on the issue of privatisation of public housing. Seven members of our club attended (Cassidy, Ebe, Jane, Nanu, Robin, Raju & Neerja), totalling 4 tables in all.
I have transcribed a bit of the speech here for you if you are interested (Thanks to my handy-dandy Palm Vx palmtop computer!) The Housing Authority is working on implementing a fundamental change in the way they operate. People on waiting lists for public housing don't have anyone fighting for them. The move is to go from public rental housing to home ownership schemes - it costs the taxpayer less, much less. The Government is also introducing a tenants’ purchase scheme. In the long run, home ownerships more feasible for the buyer than opting for public rentals. The focus is now to provide to those in real need as opposed to those who could easily buy a private or semi-private property. The Housing Authority are reducing the waiting time from 5 years to only 3 years by 2002 i.e. 2 years ahead of schedule. They are aiming at better site-specific designs because everything built is ultimately saleable or at least, that is the goal. There is also a drive to increase loan amounts to encourage purchases. Another way of taking Public Housing quality forward is to partner with the private sector to improve management and maintenance. One example is Valley road in Ho Man Tin.
Rotarians present responded with lots of relevant questions. The Vote of Thanks was presented by PDG Joseph Lee.
 
It was a very good meeting preceded by excellent fellowship- those that missed this club visit missed a lot!!! Go and visit: Fridays, same time & venue as our meeting.


 
This Week's Birthday Celebrant

Neerja Sujanani on 7th August .... take your pick, Neerja .... you wanna share with Mata Hari or Stan Freburg?!!!


 
Vocational Spot 
Classification - Investment Management
By Terrence Annamunthodo
 
A practising Canadian lawyer with the Asian flu, having spent time working
and studying in Tokyo and studying in Suzhou, I moved to Hong Kong in 1994.
I spent a year managing the China Legal Seminars department of a publishing company and then moved to Beijing to work for an American law firm and to study mandarin.
In 1996, I returned to Hong Kong and joined Long-Term Asset Management,
which had just been established.  At Long-Term we act like a family office
for most of our clients.  We provide investment banking, legal, accounting
and corporate finance services in finding customized arrangements for our
clients and managing assets in both the public and private markets.
In the public markets we provide a pension fund like service with stable,
non-volatile returns, that is structured to match client objectives and risk
profiles.  In the private markets we directly invest in companies at all
stages of their development: start up through to pre-IPO.  In the private
markets we have focused on food processing, high tech and internet related
projects.
My work regularly calls upon all of my previous experience and skills from
legal, to marketing, to management, to counselling.  Most new companies fail
and really successful companies are rare.  Despite your best efforts, there
are so many things that can nevertheless, hinder a company's development.
As such, the direct private equity business is all about home runs.  It is
extremely demanding, stressful and frustrating.  It is also every
stimulating and exciting.  For me, it is the best job in the world.  Now, we
just have to get that home run.
 

 
Quote of The Week

 
Both tears and sweat are salty but they render different results. Tears will get you sympathy. Sweat will get you change.
  Jessie Jackson
 

 
Joke Of The Week
 
Husband: Darling, I don't think you can ever train that dog to obey you!
Wife:      Nonsense Dear, remember how stubborn you were when we first got married?
 

 
Answers to Last Weeks Teasers and More 
 
"Incomprehensible problem in Chinese" - The first word is an anagram of the remaining three. Hans the Brain got it!!
 "Sums are not set as a test on Erasmus"- This is a palindrome ie the sequence of letters is the same from the beginning to the end and vice versa. The most famous of these is "Madam, I'm Adam", or "Able was I ere I saw elba" which was attributed to a famous person in history. Any takers?
Here's a few interesting anagrams:-
Western Union = No wire unsent
Funeral = Real fun
Mother-in-law = Woman Hitler!!
Victoria, England's Queen = Governs a Nice Quiet Land
Spiro Agnew = Grow a Penis!!!
The Morse Code = Here Come Dots
 

 
URCHIN