Harry's Reply: "Trustworthy" Proprietor's Club

Ok, here is Harry's reply to the "high handed" email from the Club:

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Ms Cheong,

I attached a weblink which explains one of the reasons why I decided to take up membership of the TLFC despite the rather negative views of Proprietor's Club vs Member's Club, and this was an open statement recorded by Mr Oh Chee Eng which assured

'... prove to the members that we're trustworthy, ...'

http://www.channelnewsasia.com/cna/finance/moneymind/ep46-bigpic2002.htm

and as specified in Para 2 of the Rules & Regulations:

2. 'The object of the Club is to provide for the use and enjoyment by the Members of facilities (the “ Facilities ”) for recreation, entertainment, dining and/or such other activities as the Proprietor may from time to time at its discretion decide.'

I believe many of the Club Members would have given full support to the Plans if there were more timely engagement on the business challenges facing the Club and the actions going forward to mitigate these challenges.

I am afraid that this was done very late and I would give the benefit of doubt to the Club given focus on the other more pressing matters and oversight by certain internal functions. Nontheless, I would be monitoring the development plans closely and looking forward to the use of the improved facilities in Apr-09.

Rgds
Harry
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WOW!!! I don't know how Harry found that transcript of the ChannelNewsAsia show, but there is very interesting stuff there.

Another quote from Chairman Oh:
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"If you look at all the other clubs that run into trouble, it's not because the operators of the club has run into trouble but because the money of the club was used in the ventures. The thing that we want to do is to guarantee members that we would not misuse this funds and use the clubs property to raise loans and use it for any other businesses other than the club purposes."
Oh Chee Eng, Co-Exec Chairman, The Legends at Fort Canning
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I am still waiting for a response from the Club regarding the $80 per month for golf members and whether or not the Legends Golf & Country Resort is draining Legend Fort Canning's cash. A somewhat related issue to the above.