Last rallies, WP must make a fuss about this $ 1 million surplus at PE ! Urgent !

[Tiu Kwang Yew]

Dear WP Chief MP Low,

This is a very serious case to voters at PE SMC and whole Singapore.

Prevarication must knock down to bring out the truth so voters can decide 0911.

we cannot let this prevarication get away scot free.

No evidence, no clarification, GE days are near over.

Also the sinking fund must be made know to the voters, voters don't understand what are sinking fund monies !

Hurry up WP, it's time. Thank you .



http://www.***banned***.com/2015/09/no-evidence-to-support-charles-chongs-claims-of-1m-surplus-wp/

Workers’ Party has issued a statement to refute claims by PAP candidate for Punggol East, Charles Chong, that there was a “S$1 million surplus in the account of the town council when it was handed over to the WP in 2013 after the by-election.

The WP says there is no supporting evidence for Mr Chong’s claims.

The WP says that Mr Chong’s statement is misleading and AHPETC is obliged to set the record straight.

The party also stated that Mr Teo Chee Hean’s comment on 7 September to say that Pasir Ris-Punggol TC had handed over $22.5 million to AHPETC is irrelevant and misleading as Mr Teo is referring to the Sinking Fund transferred to AHPETC after the 2013 Punggol East By-Election.

Workers’ Party’s full statement on the matter

On 6 September 2015, Dr Ng Eng Hen said that the PAP would issue a “definitive clarification” in response to WP’s question posed at the rally on 5 September 2015. To date, we have not received any clarification.

We wish to put on record the following matters.

On 28 August 2015, the PAP candidate for Punggol East SMC, Mr Charles Chong, stated in LianHe ZaoBao:

“After the 2013 Punggol East By-election, Punggol East SMC was carved out of Pasir Ris-Punggol Town Council and merged into Aljunied-Hougang-Punggol East Town Council. At that time, the Town Council had approximately one million dollars of surplus, and Aljunied Town Council in 2011 also had over $3 million dollars in surplus. Today, the whole of AHPETC’s financial situation has deteriorated”.

We have seen no supporting evidence for Mr Chong’s claim that there was a surplus of $1 million in the accounts of Punggol East SMC at the point of merger into AHPETC. Mr Chong’s statement is misleading and AHPETC is obliged to set the record straight.

Similarly, it is irrelevant and misleading for DPM Teo Chee Hean to say that Pasir Ris-Punggol TC (PRPGTC) handed over $22.5 million to AHPETC, when he is actually referring to the Sinking Fund transferred to AHPETC after the 2013 Punggol East By-Election.

Sinking Fund monies are not relevant when discussing operating surpluses or deficits of Town Councils as Sinking Fund monies are locked away for Sinking Fund expenditures, and cannot be used for Operating Fund expenditures. Town Councils’ bottom line figures comprise of monies in its Operating Fund only.

For the public’s information, when Hougang SMC was merged with Aljunied GRC to form Aljunied-Hougang Town in 2011, Hougang Town Council transferred $22.5 million to AHTC’s Sinking Fund as well.

We attach a summary of AHPETC’s Sinking Fund information for the public’s reference. (Please click here for the attachment)

sinking fund

 

[Man in the streets]

Re: Last rallies, WP must make a fuss about this $ 1 million surplus at PE ! Urgent

wow, this is the best thing never before seen in GEs.

WP has an edge now.

Reporters cannot don't run this story, because this is the truth.

If they hide this truth, Singapore will go to the dogs.

Truth and prevarication are different things, they must be separated.

it is good WP should make a big noise about this because we have got one more day to go !
Time is the essence now.

Tonight at the serangoon stadium is the best to speak up this issue.

This one issue will say a good piece .

 

[Tiu Kwang Yew]

Re: Last rallies, WP must make a fuss about this $ 1 million surplus at PE ! Urgent

Dear WP Chief MP Low,

My goodness, even if there is a public funding of $300k to deficit PE accounts as the previous TC chairman has claimed, the so-called surplus would only be $21 k. Where is the rest of the 1-million money?

Please also express a little bit of wrath with humility to show the seriousness when you talk about this PE account surplus and sinking fund issues tonight at the stadium.
Thank you sir.

 

[Man in the streets]

Re: Last rallies, WP must make a fuss about this $ 1 million surplus at PE ! Urgent

Wow, three PAP MPs ( two ministers) in the limelight.

The Deficit operating accounts had already done in 2013, signed by PAP people. . With funding --$21k surplus.

Why take so long for a definitive clarification? This is a very straight forward clarification .

Where is the 1 million surplus ? This is utmost damaging thing to talk about if there is none.

Why talk about the sinking fund when there is no relevance to this account issue ?

that's really bad !

 

[Tiu-leh-see-fart]

Re: Last rallies, WP must make a fuss about this $ 1 million surplus at PE ! Urgent

oh man, this is the best issue amongst the issues of this GE hustings.

GE is ending, it is time for a good return, a definitive payback time.

 

[zhihau]

Re: Last rallies, WP must make a fuss about this $ 1 million surplus at PE ! Urgent

a deficit is a deficit, LTK need not concede that it is a surplus as funds were withheld.