Commodore's Report

DON JOHNSTON Commodore The Annual General Meeting 2022 The Annual General Meeting (AGM) was held last night at the WM Hotel. Given that I had contracted COVID -19 at the last minute I was unable to attend. The Vice Commodore, Rob Quinlivan, stepped up at short notice to act as Chairperson.

This is the first AGM held under the new Articles of Association and, whilst the learning process was intense, the outcome proved to be fine. By now, you know that there are a few changes to General Committee (see new GenCom members on page 1 of this issue) and you will have read that the Club is in quite good shape given the challenges of the past year. The only issue is the length of the meeting which is, in my opinion, too long. A significant opportunity for improvement would be wirelessbased simultaneous translation. I will take this to GenCom to see what we can do.

Preparing for and running an AGM is hard work which starts in June when many staff and members commence working on their reports and GenCom starts on the regulatory processes. I am always impressed by the efforts of staff and the committee and I express to you all both my pride and my thanks.

Major Sporting Events There were two popular events scheduled. The first was in early October and is called “Steering the Course" and is jointly arranged by the Club and Sailability Hong Kong in support of a World Sailing initiative to help increase participation by women and girls in the sport of sailing. It was extremely well received and participants had lot of fun. The second was the 24-Hour Charity Dinghy Race on 22 – 23 October 2022, which had very light winds but a fantastic party atmosphere. Both are reported in detail in this issue along with Bart’s Bash, the Port Shelter Regatta and the new Cruising Sailors of Hebe.

Works matters Rob Quinlivan has given a comprehensive report setting out the achievements of the committee members and staff. This is Rob’s last report as he has chosen to step down. He has served on the General Committee as Honorary Treasure and ViceCommodore, and I express my appreciation to him for his contribution over the years.

I repeat a comment made last month. A critical emerging issue is the renewal of the private recreational lease in 2027. For most clubs lease renewals take between 4 and 8 years and in our case the process starts in late 2025. On this occasion all Clubs will need to be ready to fund a waiver fee which is one-third of fair market value. There is no precedent for the valuation so the CSTB has offered to indicate a non-binding amount well before the renewal process starts in late 2025. It is incumbent on the Club to preserve its cash until the indicative waiver fee is known.

Looking Forward … The festive season is upon us and the Club is arranging many events so that you can celebrate in style.

In closing I offer my complements to you for the festive season.

2022年度股東大會 年度股東大會（AGM）昨晚於WM酒店舉行。遺憾我在最後一刻感染了新冠肺炎，無法 參加。副會長Rob Quinlivan 在接到通知後立即改為出任會議主持。

這是根據新的公司章程舉行的第一次年度股東大會，雖然學習過程很緊張，但結果證 明是正面的。到現在為止，您應該知道執行委員會成員有一些變化（請參閱本期第 1 頁 的新執行委員會成員表），以及遊艇會在過去充滿挑戰的一年中狀況表現良好。唯一 的問題是我認為會議時間太長了。另一重要的改善機會是關於線上同步翻譯。我會把 這個議題帶到執行委員會，討論我們能做些什麼。

準備和進行年度股東大會是一項艱鉅的工作，從 6 月開始，許多員工和執行委員會成 員開始編寫報告，並由執行委員會進行監管流程。員工和執行委員會的努力給我留下 了深刻的印象，我向你們所有人表示我的驕傲和感謝。

重大體育賽事 會所安排了兩個被受歡迎的活動。首先是在 10 月初，名為“Steering the Course”，由遊 艇會和香港帆船協會合辦，以支持一項世界帆船運動及幫助提升婦女和女孩對帆船運 動的參與度。然後是 2022 年 10 月 22 日至 23 日舉行的 24 小時慈善小艇賽，雖然風很 弱，但派對氣氛非常棒。本期將詳細報導這兩項活動以及 Bart's Bash，牛尾海帆船賽 和新組成的白沙灣悠閒航海之友。

工作匯報 Rob Quinlivan 給出了一份全面的報告，列出了委員會成員和員工的成就。這是Rob決定 卸任副會長後的最後一份報告。他曾擔任總務委員會的榮譽司庫和副會長，我對他多 年來所作出的貢獻表示感謝。

我重複上個月發表的一篇評論。一個新出現的關鍵問題是 2027 年私人娛樂租約的續 約。大多數會所的租約續約需時約 4 到 8 年，在我們的案例中，該過程將於 2025 年底 開始。在這種情況下，所有遊艇會均需準備繳付為公平市場價值三分之一的費用。由於 估值沒有先例，因此 CSTB 已提出在 2025 年底續約過程開始之前表明一個不具約束力 的金額。遊艇會有責任保留其現金，直到獲得豁免費用的指示。

萬眾期待… 普天同慶的節日即將來臨，遊艇會正在安排一系列慶祝活動，讓您可以盡情地慶祝。

最後，我祝大家聖誕快樂，新年進步。