No
history of the Anglo-Chinese School is complete without reference to Tan Sri
Tan Chin Tuan, because this alumnus has not only done the school proud with
his long and successful business career but also because he gives continuous
and unstinting support to his beloved alma mater.
As
the man who developed the Oversea-Chinese Banking Corporation Ltd into a big
and strong institution, Tan Sri's generosity extends beyond the ACS family
to encompass other educational projects and institutions. He also supports
the aged, the weak and other deserving charitable causes.
But
ACS remains Tan Sri's perennial favourite. He provided generous financial
support to the construction of the Barker Road campus in 1950 as well as
many other ACS building projects. In all, Tan Sri has donated over $5
million to various ACS building projects including the construction of the
Tan Chin Tuan Auditorium at ACS (Independent) in 1993. The most recent
donation was the re-development of ACS (Barker Road), for which Tan Sri
donated $2.25 million. As a token of appreciation, ACS named two
co-curricular activity centres in the redeveloped campus after him and his
father, Tan Cheng Siong. They are the "The Tan Chin Tuan Sports Complex" and
the "Tan Cheng Siong Drama Centre".
Besides
generous donations for buildings, Tan Sri set up 10 scholarships for ACJC
and 4 for ACS (I) named after various ACS principals and teachers. Each
scholarship has a value of $1,500 per annum. Among the scholarships were
those named after the Founder of ACS - Bishop W.F. Oldham; Principals - Rev.
J.S. Nagle (Principal, 1913-1922), Rev. P.L. Peach (Principal, 1922-1924),
Thio Chan Bee (Principal, 1952-60), Lee Hah Ing (Principal, 1961-69) and
Teachers – H.M. Hoisington, Rev C.B. Paul and Rev Goh Hood Keng. Apart from
that, Tan Sri
began presenting gold medals in 1959 to the top Higher School Certificate
("A" levels) student/s in his alma mater. From 1995 onwards incorporated
with the medal was a cash award worth $500, which has over the years been
increased to presently, $2,000.
Tan
Sri has enjoyed success and accolades in his long, varied and illustrious
career. From the mid-1950s to 1992, he was chairman of nine major Singapore
companies – Oversea Chinese Banking Corporation Ltd (OCBC), Asia Pacific
Breweries Ltd. (APB), Fraser and Neave Ltd. (F&N), Great Eastern Life
Assurance Co. Ltd. (GEL), Oversea Assurance Corporation Ltd. (OAC), Straits
Trading Co. Ltd. (STC), Raffles Hotel Ltd., Robinsons & Co. Ltd., and Wearne
Brothers Ltd (WBL).
Under
his leadership, these companies grew rapidly and provided significant
benefits to their shareholders. As records show (see box below),
a shareholder who held 1,000 shares in any one “OCBC group” of
companies from the base year to the year of Tan
Sri’s retirement as chairman, would have enjoyed considerable growth in his
or her investment (assuming full subscription rights). |
|
Number &
Value of Shares |
Total
Dividends
less Rights Subscriptions |
Final
Value of Investment |
At Base Year |
The
Year Tan Sri
Retired as Chairman |
Year |
Number |
Value |
Year |
Number |
Value |
OCBC |
1947 |
1,000 |
$1,306 |
1983 |
43,389 |
$490,295 |
($13,741) |
$476,554 |
APB |
1951 |
1,000 |
$5,200 |
1983 |
16,875 |
$115,594 |
$62,320 |
$177,914 |
F&N |
1950 |
1,000 |
$3,100 |
1983 |
15,556 |
$130,667 |
$61,881 |
$192,548 |
GEL |
1962 |
1,000 |
$2,850 |
1992 |
38,016 |
$444,787 |
$54,859 |
$499,646 |
Robinsons |
1950 |
1,000 |
$2,013 |
1976 |
30,000 |
$61,500 |
$33,383 |
$94,883 |
STC |
1954 |
1,000 |
$24,650 |
1992 |
330,000 |
$966,900 |
$1,190,997 |
$2,157,897 |
WBL |
1967 |
1,000 |
$1,380 |
1983 |
2,250 |
$10,665 |
$1,867 |
$12,532 |
|
Upon
Tan Sri’s retirement from these companies, he was made their honorary life
president. Despite this distinguished record, he usually shies away from the
limelight. Described as "benevolent" and "scrupulously honest",
Tan Sri's greatest satisfaction is said to be simply having "lived life as
an honourable man''.
In
2003, Tan Sri's life story was told in the book entitled "Quiet
Achiever - The Life & Times of Tan Sri Dr Tan Chin Tuan"
by Mike Macbeth and published by Times Editions. Capturing the many facets
of Tan Sri's life, the book assesses why he is such an outstanding man, and
"solid
as a rock". |