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	<title>Comments on: Accounting for town councils&#8217; investments &#8211; do your part</title>
	<atom:link href="http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/feed/" rel="self" type="application/rss+xml" />
	<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/</link>
	<description>a community of Singaporeans</description>
	<lastBuildDate>Sun, 21 Mar 2010 11:57:58 +0000</lastBuildDate>
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		<title>By: 2008: The year of the blogger-activist : The Online Citizen - a community of singaporeans</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-2/#comment-42922</link>
		<dc:creator>2008: The year of the blogger-activist : The Online Citizen - a community of singaporeans</dc:creator>
		<pubDate>Thu, 01 Jan 2009 03:11:03 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-42922</guid>
		<description>[...] to explain how it invests its funds. The Online Citizen acted on November 25, issuing a call to demand answers from the Town Councils. On December 5, it was revealed that the Town Councils would not reveal any more information. On [...]</description>
		<content:encoded><![CDATA[<p>[...] to explain how it invests its funds. The Online Citizen acted on November 25, issuing a call to demand answers from the Town Councils. On December 5, it was revealed that the Town Councils would not reveal any more information. On [...]</p>
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		<title>By: kelly</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-2/#comment-36843</link>
		<dc:creator>kelly</dc:creator>
		<pubDate>Sat, 29 Nov 2008 14:09:38 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36843</guid>
		<description>@SooJenn  &gt;&gt;&gt;&gt;  Doesn’t this show that there is still the fear which is pervasive under the decades of rule in Singapore?

Yep.

Perhaps MISS PAYING the next Town Council fee and you will get a reply....guaranteed.  ;)

&gt;&gt;&gt;&gt;There is practically no individual privacy.
You are right.  I was aghast when my ex-employer forwarded my contacts to other colleagues without first informing me.  I was even more aghast to realise that managers are criticising job applicants right after they left, IN FRONT of other subordinates.  WHERE IS RESPECT FOR PRIVACY??  What is the meaning of PRIVATE &amp; CONFIDENTIAL?

The old saying will serve you well, &quot;When living in safety, be aware of danger.&quot;

&gt;&gt;&gt;&gt;&gt;Even Andrew Kuan the aspiring Presidential candidate had his employment information splashed all over the state controlled media where his superiors find his work lacklustre but continued to pay him performance bonuses at the tax payer’s expense.

Good point!  Why employ one when you know his work is lacklustre.  Anyone can memorise a bible and still not understand what it really is about.  Singaporean employers (many) fail to see that.

WU ZHE TIAN (Empress Wu Jao from 7th century China) would not hesitate to use a talented (even inexperienced) hardworking honest personnel over one who is experienced, highly-qualified but (really) inefficient or lazy.</description>
		<content:encoded><![CDATA[<p>@SooJenn  &gt;&gt;&gt;&gt;  Doesn’t this show that there is still the fear which is pervasive under the decades of rule in Singapore?</p>
<p>Yep.</p>
<p>Perhaps MISS PAYING the next Town Council fee and you will get a reply&#8230;.guaranteed.  ;)</p>
<p>&gt;&gt;&gt;&gt;There is practically no individual privacy.<br />
You are right.  I was aghast when my ex-employer forwarded my contacts to other colleagues without first informing me.  I was even more aghast to realise that managers are criticising job applicants right after they left, IN FRONT of other subordinates.  WHERE IS RESPECT FOR PRIVACY??  What is the meaning of PRIVATE &amp; CONFIDENTIAL?</p>
<p>The old saying will serve you well, &#8220;When living in safety, be aware of danger.&#8221;</p>
<p>&gt;&gt;&gt;&gt;&gt;Even Andrew Kuan the aspiring Presidential candidate had his employment information splashed all over the state controlled media where his superiors find his work lacklustre but continued to pay him performance bonuses at the tax payer’s expense.</p>
<p>Good point!  Why employ one when you know his work is lacklustre.  Anyone can memorise a bible and still not understand what it really is about.  Singaporean employers (many) fail to see that.</p>
<p>WU ZHE TIAN (Empress Wu Jao from 7th century China) would not hesitate to use a talented (even inexperienced) hardworking honest personnel over one who is experienced, highly-qualified but (really) inefficient or lazy.</p>
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		<title>By: soojenn</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-2/#comment-36643</link>
		<dc:creator>soojenn</dc:creator>
		<pubDate>Fri, 28 Nov 2008 19:26:07 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36643</guid>
		<description>Hi Zheng Xi,

So have you and the members of your editorial board on TOC written to your own TCs.  Can you provide the general statistics of the emails sent, to which TC&#039;s, the responses if any, etc... for the people who read your blog. You have indicated that 14 people have written to their TC&#039;s. Doesn&#039;t this show that there is still the fear which is pervasive under the decades of rule in Singapore?

I will be surprised if there is any credible answers that will be forthcoming.  You should also keep track of these people who have written and check with them in the future if there are suddenly (i) check and/or visits to their premises if they are living in HDB&#039;s to see if they are following the full regulations of the HDB (Mah Bow Tan has ensured that all loopholes are closed with new additional regulations recently) lest they be kicked out on a technicality (ii) problems that they never had before sending the email to the TC&#039;s

Singapore is practically a police state.  All information about Singaporeans lies with their NRIC, the digits to the government. There is practically no individual privacy. All your bank accounts, tax information, etc.. are easily accessible by the govenrment, and linked and possibly the reason that they do not want to have a second party to shadow them and have access to this.  Try leaving Singapore for not paying a road traffic fine which is overdue. They will be at the immigration counter to stop you from leaving. Without the extensive information and the linking, I cannot imagine how this is possible. Even Andrew Kuan the aspiring Presidential candidate had his employment information splashed all over the state controlled media where his superiors find his work lacklustre but continued to pay him performance bonuses at the tax payer&#039;s expense. Where is the accountability of his superiors if this has been the case that his performace was poor?  Why wait till he is offering himself for the election of the President to resort to such tactics.</description>
		<content:encoded><![CDATA[<p>Hi Zheng Xi,</p>
<p>So have you and the members of your editorial board on TOC written to your own TCs.  Can you provide the general statistics of the emails sent, to which TC&#8217;s, the responses if any, etc&#8230; for the people who read your blog. You have indicated that 14 people have written to their TC&#8217;s. Doesn&#8217;t this show that there is still the fear which is pervasive under the decades of rule in Singapore?</p>
<p>I will be surprised if there is any credible answers that will be forthcoming.  You should also keep track of these people who have written and check with them in the future if there are suddenly (i) check and/or visits to their premises if they are living in HDB&#8217;s to see if they are following the full regulations of the HDB (Mah Bow Tan has ensured that all loopholes are closed with new additional regulations recently) lest they be kicked out on a technicality (ii) problems that they never had before sending the email to the TC&#8217;s</p>
<p>Singapore is practically a police state.  All information about Singaporeans lies with their NRIC, the digits to the government. There is practically no individual privacy. All your bank accounts, tax information, etc.. are easily accessible by the govenrment, and linked and possibly the reason that they do not want to have a second party to shadow them and have access to this.  Try leaving Singapore for not paying a road traffic fine which is overdue. They will be at the immigration counter to stop you from leaving. Without the extensive information and the linking, I cannot imagine how this is possible. Even Andrew Kuan the aspiring Presidential candidate had his employment information splashed all over the state controlled media where his superiors find his work lacklustre but continued to pay him performance bonuses at the tax payer&#8217;s expense. Where is the accountability of his superiors if this has been the case that his performace was poor?  Why wait till he is offering himself for the election of the President to resort to such tactics.</p>
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		<title>By: theonlinecitizen</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-2/#comment-36587</link>
		<dc:creator>theonlinecitizen</dc:creator>
		<pubDate>Fri, 28 Nov 2008 14:12:42 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36587</guid>
		<description>Hi Jenson,

Would you like to forward the email to us? We&#039;re keeping track of the emails which our readers have sent so far. We can be reached at: theonlinecitizen@gmail.com . 

Thanks.</description>
		<content:encoded><![CDATA[<p>Hi Jenson,</p>
<p>Would you like to forward the email to us? We&#8217;re keeping track of the emails which our readers have sent so far. We can be reached at: <a href="mailto:theonlinecitizen@gmail.com">theonlinecitizen@gmail.com</a> . </p>
<p>Thanks.</p>
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		<title>By: Jenson</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-2/#comment-36576</link>
		<dc:creator>Jenson</dc:creator>
		<pubDate>Fri, 28 Nov 2008 13:26:03 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36576</guid>
		<description>This is a fantastic idea to rate if we&#039;re a maturing society, whether we can overcome our fear of backlash and have the courage to pose  tough questions to the elite.  Please remember that they are paid to serve us, and they&#039;re justly rewarded for their effort. There&#039;s nothing to fear in the first instance.

I have just sent the e-mail to my town council, and looking forward to seeing their response.

I think TOC can easily monitor how many e-mails were being sent, and from which town. This can easily be done with a petition-like format, where we can check-off the relevant box, like which town, any response etc.</description>
		<content:encoded><![CDATA[<p>This is a fantastic idea to rate if we&#8217;re a maturing society, whether we can overcome our fear of backlash and have the courage to pose  tough questions to the elite.  Please remember that they are paid to serve us, and they&#8217;re justly rewarded for their effort. There&#8217;s nothing to fear in the first instance.</p>
<p>I have just sent the e-mail to my town council, and looking forward to seeing their response.</p>
<p>I think TOC can easily monitor how many e-mails were being sent, and from which town. This can easily be done with a petition-like format, where we can check-off the relevant box, like which town, any response etc.</p>
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		<title>By: aiyoyo</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-2/#comment-36575</link>
		<dc:creator>aiyoyo</dc:creator>
		<pubDate>Fri, 28 Nov 2008 13:25:26 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36575</guid>
		<description>aiyoyo

&quot;Subsequently, Minister for National Development Mah Bow Tan has publicly contradicted that position, telling the Sunday Times that:
‘Each town council has the duty to explain to its residents how it invests its funds, what is its philosophy, what are the risks it takes’. (Sunday Times, Nov 23)&quot;

how in the 1st place the investment loss issue being brought to light??

that person(s) that bring up this issue is really very helpful!!

aiyoyo</description>
		<content:encoded><![CDATA[<p>aiyoyo</p>
<p>&#8220;Subsequently, Minister for National Development Mah Bow Tan has publicly contradicted that position, telling the Sunday Times that:<br />
‘Each town council has the duty to explain to its residents how it invests its funds, what is its philosophy, what are the risks it takes’. (Sunday Times, Nov 23)&#8221;</p>
<p>how in the 1st place the investment loss issue being brought to light??</p>
<p>that person(s) that bring up this issue is really very helpful!!</p>
<p>aiyoyo</p>
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		<title>By: aiyoyo</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-2/#comment-36533</link>
		<dc:creator>aiyoyo</dc:creator>
		<pubDate>Fri, 28 Nov 2008 09:11:28 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36533</guid>
		<description>aiyoyo

is there some qualified/registered accountants checking on the TC books?

aiyoyo</description>
		<content:encoded><![CDATA[<p>aiyoyo</p>
<p>is there some qualified/registered accountants checking on the TC books?</p>
<p>aiyoyo</p>
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		<title>By: smallvice585</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-2/#comment-36473</link>
		<dc:creator>smallvice585</dc:creator>
		<pubDate>Fri, 28 Nov 2008 03:16:56 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36473</guid>
		<description>Coffee Bean (#51),

Having a template is convenient.</description>
		<content:encoded><![CDATA[<p>Coffee Bean (#51),</p>
<p>Having a template is convenient.</p>
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		<title>By: I modified the TOC template</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-2/#comment-36468</link>
		<dc:creator>I modified the TOC template</dc:creator>
		<pubDate>Fri, 28 Nov 2008 03:01:10 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36468</guid>
		<description>I have sent the following questions to Pasir Ris Punggol Town Council and also to its chairman Dr Ahmad Magad on 26 Nov using the template from TOC and modifying it slightly:

1)  What is the exact amount of investments that have been lost to these structured products by PRPG-TC? Are there other paper losses PRPG-TC has incurred in other investments besides the material loss to structured products?  

2)  Will S&amp;C fees be increased to cover for the losses made by the Town Council? If no, how will the Town Council ensure that residents are not penalised for the losses incurred? 

3)  If S&amp;C fees are to be increased to cover for the losses, by how much would the residents have to pay?  

4)  If S&amp;C fees need not be increased to cover for the losses, has the Town Concil been overcharging the S&amp;C fees for the residents of Pasir Ris-Punggol?  

5) Who were the qualified persons who had advised the Town Council on its investments, and how were they appointed? 

6) Will the maintenance of our estate be affected and compromised in light of these losses? If not, how will the Town Council ensure that the service standards and maintenance of the estate is not affected through these losses? 

7)  Does the Town Council believes that it had been missold any investments (whether related to Lehman Brothers or otherwise), and if so whether the Town Council intends to take action for such misselling? 

8 ) Are there any minutes or records of the Town Council’s deliberations on decisions to invest in structured products, and if so whether the Town Council intends to disclose them? 

9 ) What is the average annual expenditure by the Town Council over a 10 year period as compared to the average annual revenue collected from the residents? 

10) Will residents be informed beforehand in future when the Town Council decides to make investments in risky products like equities, stocks, unit trust funds or structured products? 

11) Will the Town Council be implementing any controls to prevent such losses to its sinking fund in future? 


So far I have only received an automated response from Dr Ahmad&#039;s mailbox stating that he is out of office from 25 - 29 Nov. No response from the TC yet.</description>
		<content:encoded><![CDATA[<p>I have sent the following questions to Pasir Ris Punggol Town Council and also to its chairman Dr Ahmad Magad on 26 Nov using the template from TOC and modifying it slightly:</p>
<p>1)  What is the exact amount of investments that have been lost to these structured products by PRPG-TC? Are there other paper losses PRPG-TC has incurred in other investments besides the material loss to structured products?  </p>
<p>2)  Will S&amp;C fees be increased to cover for the losses made by the Town Council? If no, how will the Town Council ensure that residents are not penalised for the losses incurred? </p>
<p>3)  If S&amp;C fees are to be increased to cover for the losses, by how much would the residents have to pay?  </p>
<p>4)  If S&amp;C fees need not be increased to cover for the losses, has the Town Concil been overcharging the S&amp;C fees for the residents of Pasir Ris-Punggol?  </p>
<p>5) Who were the qualified persons who had advised the Town Council on its investments, and how were they appointed? </p>
<p>6) Will the maintenance of our estate be affected and compromised in light of these losses? If not, how will the Town Council ensure that the service standards and maintenance of the estate is not affected through these losses? </p>
<p>7)  Does the Town Council believes that it had been missold any investments (whether related to Lehman Brothers or otherwise), and if so whether the Town Council intends to take action for such misselling? </p>
<p>8 ) Are there any minutes or records of the Town Council’s deliberations on decisions to invest in structured products, and if so whether the Town Council intends to disclose them? </p>
<p>9 ) What is the average annual expenditure by the Town Council over a 10 year period as compared to the average annual revenue collected from the residents? </p>
<p>10) Will residents be informed beforehand in future when the Town Council decides to make investments in risky products like equities, stocks, unit trust funds or structured products? </p>
<p>11) Will the Town Council be implementing any controls to prevent such losses to its sinking fund in future? </p>
<p>So far I have only received an automated response from Dr Ahmad&#8217;s mailbox stating that he is out of office from 25 &#8211; 29 Nov. No response from the TC yet.</p>
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		<title>By: Tea Leaf to Coffee Bean</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-2/#comment-36454</link>
		<dc:creator>Tea Leaf to Coffee Bean</dc:creator>
		<pubDate>Fri, 28 Nov 2008 02:38:18 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36454</guid>
		<description>&quot;iT does not reflect well on Singaporeans at all. Look at it this way, you need to be given a template just to ask questions. You may not know what to ask, but there is no harm in doing some research and forming your own questions. Are Singaporeans a lazy lot? &quot;

Internet age lah. You learn faster this way. Now where got lazy or not ? Or clever or not clever ? Or talent or not talent ? Information and knowledge have now become cheap commodities. It is the relationship that counts.

Singaporeans can formulate a lot of good questions. Somehow, the good answers are not forthcoming anyway.</description>
		<content:encoded><![CDATA[<p>&#8220;iT does not reflect well on Singaporeans at all. Look at it this way, you need to be given a template just to ask questions. You may not know what to ask, but there is no harm in doing some research and forming your own questions. Are Singaporeans a lazy lot? &#8221;</p>
<p>Internet age lah. You learn faster this way. Now where got lazy or not ? Or clever or not clever ? Or talent or not talent ? Information and knowledge have now become cheap commodities. It is the relationship that counts.</p>
<p>Singaporeans can formulate a lot of good questions. Somehow, the good answers are not forthcoming anyway.</p>
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		<title>By: Coffee Bean</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-2/#comment-36449</link>
		<dc:creator>Coffee Bean</dc:creator>
		<pubDate>Fri, 28 Nov 2008 02:32:59 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36449</guid>
		<description>Just some of my humble comments. 

if you want to query your Town Council, why do Singaporeans need a template? Are you not sure what you want to know, or is it simply a sign  that you&#039;re jumping on the bandwagon of  posing questions to your TC because the others are doing so?

iT does not reflect well on Singaporeans at all. Look at it this way, you need to be given a template just to ask questions. You may not know what to ask, but there is no harm in doing some research and forming your own questions. Are Singaporeans a lazy lot? 

I am just voicing an opinion, its not meant to crtisise any particular person/s. I apologise in advance if my comments have harmed you. 

Thank you.</description>
		<content:encoded><![CDATA[<p>Just some of my humble comments. </p>
<p>if you want to query your Town Council, why do Singaporeans need a template? Are you not sure what you want to know, or is it simply a sign  that you&#8217;re jumping on the bandwagon of  posing questions to your TC because the others are doing so?</p>
<p>iT does not reflect well on Singaporeans at all. Look at it this way, you need to be given a template just to ask questions. You may not know what to ask, but there is no harm in doing some research and forming your own questions. Are Singaporeans a lazy lot? </p>
<p>I am just voicing an opinion, its not meant to crtisise any particular person/s. I apologise in advance if my comments have harmed you. </p>
<p>Thank you.</p>
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		<title>By: aiyoyo</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-1/#comment-36446</link>
		<dc:creator>aiyoyo</dc:creator>
		<pubDate>Fri, 28 Nov 2008 02:25:19 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36446</guid>
		<description>aiyoyo

kelly thank you for your info.

I keep thinking, if TC so $$$,

why the TC surroundings dont look $$$???

I dont see the logic. 

is it I never pay attention during school days, 

or something amiss???

aiyoyo</description>
		<content:encoded><![CDATA[<p>aiyoyo</p>
<p>kelly thank you for your info.</p>
<p>I keep thinking, if TC so $$$,</p>
<p>why the TC surroundings dont look $$$???</p>
<p>I dont see the logic. </p>
<p>is it I never pay attention during school days, </p>
<p>or something amiss???</p>
<p>aiyoyo</p>
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		<title>By: tiredsingaporean</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-1/#comment-36444</link>
		<dc:creator>tiredsingaporean</dc:creator>
		<pubDate>Fri, 28 Nov 2008 02:07:28 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36444</guid>
		<description>Maybe they already have instructions from the top not to entertain all these complain letters and just let the time pass and everything will be back to normal again.</description>
		<content:encoded><![CDATA[<p>Maybe they already have instructions from the top not to entertain all these complain letters and just let the time pass and everything will be back to normal again.</p>
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		<title>By: Omong Kosong</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-1/#comment-36442</link>
		<dc:creator>Omong Kosong</dc:creator>
		<pubDate>Fri, 28 Nov 2008 02:03:20 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36442</guid>
		<description>I had sent letter to Hong Kah Town Council yesterday.

Usually they have a template email reply acknowledging our email.

This time there is nothing - it seemed like the email had gone into a blackhole.</description>
		<content:encoded><![CDATA[<p>I had sent letter to Hong Kah Town Council yesterday.</p>
<p>Usually they have a template email reply acknowledging our email.</p>
<p>This time there is nothing &#8211; it seemed like the email had gone into a blackhole.</p>
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		<title>By: kelly</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-1/#comment-36337</link>
		<dc:creator>kelly</dc:creator>
		<pubDate>Thu, 27 Nov 2008 13:15:45 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36337</guid>
		<description>P.S.  Aiyoyo - the answer is a resounding YES.  This web page may interest you:  http://statutes.agc.gov.sg/non_version/html/homepage.html  (Paragraph 6 is of interest!)</description>
		<content:encoded><![CDATA[<p>P.S.  Aiyoyo &#8211; the answer is a resounding YES.  This web page may interest you:  <a href="http://statutes.agc.gov.sg/non_version/html/homepage.html" rel="nofollow">http://statutes.agc.gov.sg/non_version/html/homepage.html</a>  (Paragraph 6 is of interest!)</p>
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		<title>By: kelly</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-1/#comment-36333</link>
		<dc:creator>kelly</dc:creator>
		<pubDate>Thu, 27 Nov 2008 13:04:34 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36333</guid>
		<description>If Town Councils are considered COMPANIES, then yes,  AGM is required.  Town Councils are considered &#039;non-profit organisations&#039; even if not charity.  By right, collected sums are not supposed to be used as investments.</description>
		<content:encoded><![CDATA[<p>If Town Councils are considered COMPANIES, then yes,  AGM is required.  Town Councils are considered &#8216;non-profit organisations&#8217; even if not charity.  By right, collected sums are not supposed to be used as investments.</p>
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	<item>
		<title>By: aiyoyo</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-1/#comment-36330</link>
		<dc:creator>aiyoyo</dc:creator>
		<pubDate>Thu, 27 Nov 2008 12:56:10 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36330</guid>
		<description>aiyoyo

will TC hold AGMs? 

(as TC do investments)</description>
		<content:encoded><![CDATA[<p>aiyoyo</p>
<p>will TC hold AGMs? </p>
<p>(as TC do investments)</p>
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	<item>
		<title>By: kelly</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-1/#comment-36326</link>
		<dc:creator>kelly</dc:creator>
		<pubDate>Thu, 27 Nov 2008 12:41:56 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36326</guid>
		<description>Gathering at Hong Lim Park is not a fool-proof  &quot;plan&quot; to have the media get the news.  In fact there is no fool-proof plan.  The chief editor of Straits Times is the one who decides what goes in as news, what gets blocked.  And ST is partially controlled by BIG BRO.

What I can imagine TOC doing is, sending a free press release stating # number of people voicing displeasure and # number of people have sent emails to their Town Councils, # of emails mailing/faxing to town councils.  And zero number of replies from town councils, etc.</description>
		<content:encoded><![CDATA[<p>Gathering at Hong Lim Park is not a fool-proof  &#8220;plan&#8221; to have the media get the news.  In fact there is no fool-proof plan.  The chief editor of Straits Times is the one who decides what goes in as news, what gets blocked.  And ST is partially controlled by BIG BRO.</p>
<p>What I can imagine TOC doing is, sending a free press release stating # number of people voicing displeasure and # number of people have sent emails to their Town Councils, # of emails mailing/faxing to town councils.  And zero number of replies from town councils, etc.</p>
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	<item>
		<title>By: gtiong</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-1/#comment-36311</link>
		<dc:creator>gtiong</dc:creator>
		<pubDate>Thu, 27 Nov 2008 11:05:07 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36311</guid>
		<description>I have sent the email to my town council in Pasir Ris-Punggol TC yesterday at 1:51pm. Till now, I have yet to rcv any reply from them.

I sent the email to my TC address listed in TOC website and the email addr listed in my TC website, plus I cc it to all the other 5 MPs.</description>
		<content:encoded><![CDATA[<p>I have sent the email to my town council in Pasir Ris-Punggol TC yesterday at 1:51pm. Till now, I have yet to rcv any reply from them.</p>
<p>I sent the email to my TC address listed in TOC website and the email addr listed in my TC website, plus I cc it to all the other 5 MPs.</p>
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	<item>
		<title>By: theonlinecitizen</title>
		<link>http://theonlinecitizen.com/2008/11/accounting-for-town-councils-investments-do-your-part/comment-page-1/#comment-36162</link>
		<dc:creator>theonlinecitizen</dc:creator>
		<pubDate>Thu, 27 Nov 2008 01:39:49 +0000</pubDate>
		<guid isPermaLink="false">http://theonlinecitizen.com/?p=3385#comment-36162</guid>
		<description>Hi everyone,

I&#039;d like to thank the 14 people who have sent the email to their respective town councils.

None of the town councils have responded yet.

I&#039;d like to urge the rest of our readers to send the template email as well.

Thanks.

Andrew Loh</description>
		<content:encoded><![CDATA[<p>Hi everyone,</p>
<p>I&#8217;d like to thank the 14 people who have sent the email to their respective town councils.</p>
<p>None of the town councils have responded yet.</p>
<p>I&#8217;d like to urge the rest of our readers to send the template email as well.</p>
<p>Thanks.</p>
<p>Andrew Loh</p>
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