banner
Club Meeting
January 26th 2023
 
 
DG Marilyn Stevens
Invites you to
DISTRICT CONFERENCE
MARCH 17-19th
 
Register NOW
 
 
 
 
 
-----------------------------------------------------------------
A beautiful meal of Roast lamb and veges, peas and a fabulous greek salad was served by Ingrid and her team, followed by ambrosia.
 
Raffle was won by Kevin stratton
 
Announcements:
Malcolm Leeming has had his heart operation and whilst still in ICU, expects to be on the ward tomorrow.
 
Message from Shirley at RYLA, BBQ tomorrow night (Friday) all Rotarians invited to join the RYLA attendees, Forest Lakes 6-7.30 pm.
 
 
Richard Moulton met with Ryla attendees who were busy baking, donating all goods to the Kapiti Foodbank.
 
 
The Xmas wrapping at Coastlands raised $9500 for the Cancer society, all thanks to volunteers.
 
Chris Dentice announced the lucky Lotto winners over the last couple of weeks, Sharon Vodanovich and Malcolm Leeming.
 
5 minute speaker Marilyn
 
Spoke for 5 minutes on the work that Rotary are doing to help those in Ukraine.  Our district has donated its' Emergaency relief fund to Ukraine and this was put toward providing additional medical vehicles for Ukraine. Rotarians from across the world were involved in getting the vehicles to where they are needed in Ukraine.
 
Sandra Bartlam
has announced her resignation from Rotary,
After many years of  involvement in Rotary, Sandra is leaving Rotary to get involved in something new and different.   We are so appreciative of all Sandra's efforts and will miss her kindness, energy and vitality and also her amazing organisational skills! Many thanks Sandra, you will be so missed.
 
 
-
 
 
Club Announcement
Mystery Bottle Auction at the
Kapiti Boating Club, Paraparaumu Beach 9th February, don't forget your mystery bottle next week, wrapped.
 
 
 
 
 
 
Doug Hopper Smith
 Doug is  looking for a big chainsaw for the day, if you can help.
 
Firewood working bee:
SATURDAY 25TH FEBRUARY 
Marilyn and Wayne Stevens' property 
48 Old Hautere Rd, Otaki
Chainsaws, cradles, trailers required. Plus safety equipment. 
 
 
 
 
2022/ 2023 theme
 
 
Guest Speaker Grant Spencer
 
Stuart Ayers introduced our guest speaker, Grant Spencer who has spent his career working in the financial markets and systems with ANZ and was the Deputy Governor of the Reserve Bank. Grant currently lectures at Victoria University.
 
Grant talked about the current financial market covering 3 main issues;
High inflation and the looming recession,
The easing of monetary policy as a result of Covid in 2020 were probably left to continue for too long, enabling the unprecedented house price increase. This needed to be addressed and this has seen interest rates increase from 2 % to 6.5 -7% in recent months. Grant described it as the recession we need to have to curb inflation and indicated it will occur mid to late 2023.
 
This will impact on people with too much debt,mortgages that purchased during the boom and will have loans coming off fixed rates.
 
The war in Ukraine and the effects of that on the global market.
First and foremost a humanitarian crisis but also will have a drag on the global economy, higher energy prices and disruptions to food supply.  European economies working to reduce the reliance on energy, countries moving to self sufficiency.
 
Climate change and its economic effect.
All know that  climate change is gradual but is happening. What is changing is Governments' intervention from fossil fuels to sustainable energy. Big effect on structure of industry, affecting volatility of share prices of utilities.  Moving more and more towards green products. 
Emergence of:
ESG- Environmentally friendly, Socially acceptable and increased Governance.
 
Any excellent and illuminating speaker.  Grant's thoughts were well received by the Club and there were some interesting questions at the end.
 
Grant spoke clearly and knowledgeably on the current market and was a pleasure to have as our guest. 
-