The
Club Committee has noted with concern that some Members are
running up excessive credit accounts at the Club, and some
are not settling their monthly accounts promptly. This is
seriously detrimental to cash flow. Club Rule 30 authorises
the Committee to make any special provisions to the conduct
of Members accounts.
The following measures are proposed to alleviate this problem,
and will come into effect on 1st June 2007.
Credit Limit
A credit limit of RM1,500 is imposed on all Members’
accounts. Credit facilities will be withdrawn from a Member
when this limit is reached. Credit may be restored by the
Member depositing sufficient funds with the Club to bring
his account back within this limit. A Member may apply to
the Committee for a higher credit limit if the nature of his
transactions makes the RM1,500 limit impractical.
Deposits and Pre-Payments
A Member who anticipates incurring an expense at the Club
in excess of the credit limit – say for slipway charges
and functions - will be required to deposit funds to cover
such expense at the Club prior to the event. Members booking
functions are required to deposit 50% of the value of the
function with the Club upon confirmation of booking, and the
balance on the day of the event.
Members entering boats and crews for major Club events such
as the Raja Muda Regatta are to pay all entry fees prior to
the event. Club credit terms are not extended to such events,
and this provision shall be clearly stated in the relevant
Notice of Event.
Statement
of Account
A monthly statement of account is issued to each resident
Club Member, and is “due and payable when rendered”
(Club Rule 30(a)). Members may also check the status of their
accounts by calling the Admin Office during working hours.
Payment of accounts may be made to the Admin Office during
working hours and at the main bar during restaurant operating
hours. Payment may also be made directly into the Club bank
account.
By order of the Committee
15th April 2007
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