Greetings from the Club President and the General Committee.
With 2014 behind us and 2015 already a month old, the GC and the Admin are busy with the auditing of the
Final Accounts for 2014, laying out the programme for the current year and the preparation of the Budget
for 2016. Members will be pleased to know that we have closed 2014 with a healthy surplus of more than RM100k.
As you are well aware, the Club’s General Fund had been eroding severely until a few years ago due to
escalating expenditure and declining income. To arrest the erosion, remedial measures were put in place in
the last few years, namely, increase in subscription rate and the pushing back of Senior Members’ age
qualification from 60 years to 65 and 70. With the income derived from these measure, the GC had promised
to replenish the General Fund reserve and we are please to report that the progress is well on track.
The Breweries have again increased the beer price by 30 sen a mug from mid-Dec 2014. The previous price
hike was only as recent as Mar 2014. We are quite powerless in stemming this continual assault on the
cost price. However, with the decent surplus generated in the past year, and abiding by the principle
that current gains should also benefit current members, the GC has decided not to pass on the price increase
to members but to maintain the prevailing prices – at least until Mar 2015 when the position will be
reviewed. Likewise, the effect of a recent increase in the price of liquors too has been contained
to the very minimum.
As for the food served out of our kitchen, here too prices are monitored closely with no increase allowed
since Mar 2014. In fact the price of 2 dishes was reduced after discussion with the caterer. Quality of
food and services are also closely supervised to ensure good standards at all times. It is our hope that
members would avail themselves of the good and reasonably priced food, thus helping to improve the Club’s
revenue. 45 New Members and 12 Member’s Children joined the Club last year while 35 resigned. We welcome
the new members and wish them long and enjoyable comradeship at the Club. On the flip side, the number of
defaulters is on the rise and the GC will have to find ways to mitigate this unhealthy trend.
Finally, March will witness a few social functions. The Children/Parent Games Party will fall on a
Sunday of the school holidays while the Chinese New Year Dinner and Show will most likely be on the 14th.
We would be pleased to get your support for these events.
On behalf of the General Committee and the Club Staff, I wish all our Chinese members and families Gong Xi
Fa Chai. May the Year of the Goat bring Prosperity and Good Health for all.