Proposed Filipinas Savings & Loan Assn.

Title

Creator

Gimenez, Pedro M.

Language

English

Year

1964

Rights

In Copyright - Educational Use Permitted

Fulltext

Proposed FILIPINAS SAVINGS & LOAN ASSN. 14-40 San Marcelino, Manila May 13, 1964 Dear Brethren-. In my report at thc recent Annual Comm uncation, I mentioned that pre parations for the opening of our Savings 8c Loan Assn, are going apace. That toeek of the communication, we collected a sizable amount in sub scriptions and payments. At this time, however, they are coming very slow. This is the time when we should redouble our efforts to get more money paid in so that we can start as soon as possible. In a conference this u’eeli with authorities of the Central Bank, they emphasized that we should have more than what we have now so that at the start of operations, we can satisfy the needs of the prospective borrowers that none may go awaydissatisfied. I would like the brethren to know that not a centavo of the payments received has been touched. They are deposited in a separate account at the San Marcelin Sub-branch of the Philippine National Bank as they come in. Necessary expenses for postage, publicity, supplies, etc. arc ad vanced by a brother. The organizers and directors, when they meet, pay their own way. Ife are grateful to the many subscribers who have regularly sent in their payments. We will not fail them in their trust and confidence in us. Some 300 brethren have thus far decided to help in this project. IV e wish there would be many more who will. IVe trust that those who have not yet subscribed u’ill now do so. 1 realize that the beginning of any project is always the hardest. Once we get started, everrything will be all right. At this writing, P29,000.00 has been paid in. Some more is needed for the actual start of the operations. 1 therefore appeal to the brethren to lend a helping hand in this worthy project. Be pleased to help us help others. Sincerely and fraternally, (Sgd.) PEDRO M. GIMENEZ, PGM Acting Chairman GRAND MASTER'S MESSAGE. . . (From P,9. 363) The responsibility of the Grand Master has become geater and greater. The problem now is how can one who has to also earn a living do all that needs to be done fo the good of Masonry. This may be a problem for future communications to discuss. For this year however, if each of us will be di ligent and faithful in our task, then the year 1964-65 can be a fruitful one. The Grand Master cannot carry the full load single-handed, and therefore we are counting on every Mason in this Juisrdiction to do his part Thank you for your cooperation. Sincerely yours, CHARLES MOSEBROOK Grand Master for 1964-65 376 The Cabletow

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