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About Michael Beaton

Michael is a lawyer and Managing Partner at Derivatives Risk Solutions LLP, a legal and regulatory consultancy. He writes on a wide range of regulatory issues, particularly recovery and resolution plans, central counterparty clearing and derivative documentation.

MINUTES FOR MONDAY 13 NOV. IN THE CLUBHOUSE.

PRESENT: B.H, T.M, D.F, A.B-W, P.L, P.B, M.M, P.F, G.W, M.S, F.B, G.A, B.Y, J.G.

APOLS: 2Beers and Crocs.

RESULTS: There were no 2’s therefore £2.80 is carried forward. D’soD were Brains, the Straggler, Winscales and the Rabbi with 73 points. DD’soD were the Geezer, Prof and Laird, as well as Kwok, the Cardinal, El Mat and Jocks on 74 points. The winners with 76points were Shagpile, Shotgun and Herbie with 76 points. The runners up donated all their winnings to the swear box. The duffers all gain a shot while the winners are all pulled one shot.

Herbie was forced to leave the meeting early but asked the secretary to note that he will email the Close House participants in the near future with all the relevant information about the forthcoming away day.

FINANCES: £2 was collected in swears. There was consternation that the Geezers cards were not in use again today which means that a very valuable source of revenue has dried up. The Rabbi volunteered to ensure that in future the cards are will be made available.

TOASTS: Jocks reluctantly admitted to having won a prestigious golfing competition in a field of 150 honed athletes at Beamish. The game helped to raise a considerable amount of cash for Children in Need. The Rabbi and Prof won at the Seniors away day at Newbiggin. The Laird and 2Beers were second in the same event.

The club manager apologised that the clubhouse had been closed to the early bird golfers. There had been a mix up about who would open up and the manager had been let down by an unnamed individual.

Shagpile commended the Laird for dressing as a poppy in recognition of Remembrance Sunday.

LAST WEEKS MINUTES WERE ACCEPTED IN THEIR ENTIRETY.

The Geezer flourished a letter of thanks from SHAK, the dog rescue society in recognition of the MOHGS contribution to their coffers, after a recent away day.

BUSINESS: The Chair revealed that he had been heartened by the previous week’s discussions regarding the Christmas party. The Geezer will approach the caterers and enquire about what they can provide for a basic £10 per head. He suggested that we plump for a sandwich mixture or a hot meal of either chilli or curry. A hot meal seemed to be the preferred choice of the majority.

The Laird apologised in advance for his absence next week. Shotgun will be absent for the next two weeks.

There being no further business, the meeting closed at 1.15pm.

Kwok.

 

MINUTES FOR MONDAY 6 NOVEMBER IN THE CLUBHOUSE.

PRESENT: D.G-M, A.B-W, B.H, K.S, T.H, M.S, P.L, G.W, C.M, P.F, C.D, J.G, G.A, D.F, T.M, M.M.

APOLS: The Prof.

The Laird declared that today’s game would be the best two scores from groups of three.

The Rabbi gallantly agreed to fill the void created by the Maltese Falcon and Chair today’s meeting.

RESULTS: Delivered by the Laird, whose first words were, ” There were a plethora of twos on the 17th.” The lucky twosters were Crocs, Shagpile and the aforementioned Laird. The each received £1 and generously donated the spare 20p to the swears tin. D’soD were the Geezer, Brains and Herbie with 74 points. DD’soD were Crocs, Scuttler and the Rabbi with 75 points. Runners up with a creditable 78 points were Jockstrap, 2Beers and the Laird. There were joint winners on 79 points apiece, Winscales, Soapy and Dewey and El Mat, Kwok, Shagpile and Shotgun. All winners are pulled one shot apiece and the losers gain one shot apiece.

FINANCE: No Geezers cards today. £3.90 was collected in swears and fines and is in the safekeeping of the Rabbi.

TOASTS: To Justin Rose who won the Turkish Open.

LAST WEEKS MINUTES WERE ACCEPTED IN THEIR ENTIRETY.

MATTERS ARISING:

* The Laird affirmed that he has regained his missing mojo.

* Herbie revealed that he has a full quota for the game at Close House. Brains is first reserve in the event that anyone is unable to play. He is negotiating for a 10am k.o on Wed. 29th on the Colts Course if possible.

Buggies must be pre booked at a cost of £35 but the cost of green fees is included.

CHRISTMAS PARTY:

It was agreed that the Geezer would be the spokesman for the MOHGS and approach the highest powerbroker within the club to voice concerns about the quality of fare on offer for the Christmas Party. This is indeed a noble gesture since the Geezer will not actually attend the event as he will unfortunately be in sunnier climes enjoying hand crafted food created by the worlds finest chefs.

The meeting closed at 1.30pm.

Kwok.

 

Notes of MOHGS Meeting 30 October 2017

Apologies from all those not here.

Present:- MS, TH, TM, CD, PB, FB, GW, DGM, MM, CC (golf only), DF, RY (golf only), JG, PL, ABW, RH, CM, KS

Competition Results;

Four twos recorded, two by the Laird, one by Soapy, one by Crocs, they share £3.60 pro rata (that’s Latin by the way)!

Duffer of the Day was Brains with 27 points, Deputy Duffers were Scuttler and The Cardinal with 28 points

In second place was The Geezer with 36 points, he pockets £6 The winner was The Laid who seems to have recovered his mojo with 42 points, he gains a further £12.

Handicaps to be adjusted in accordance with the house rules.

No Geezers Cards in play again today!!!

Swears made £2.60, the Christmas Party is looking like meagre fare.

Toasts:

Lewis Hamilton for fourth world championship.

Justin Rose win in the WGC.

England U17 Footballers for putting the senior team in the shade by winning the World Cup.

Iris McCarthy, The Cardinal’s latest granddaughter.

Mohgs for such a magnificent turnout today.

 

Previous minutes were agreed as a correct record.

Matters Arising

The meal in question appeared to be Sweet and Sour Chicken, whatever it was, it was inedible according to Del Boy.

The Chair raised the Mohg Blogg, he seemed to be completely unaware of what it was and what he wanted it to be! Lord Snooty should be called before the house to give evidence of harassment by The Chair, after all everybody else is doing it.

Helpfully Crocs advised that he will send some compromising pictures for Blogg inclusion.

Herbie proposed that for future winter games the flag should not be removed when putting to allow a faster game and to get Mohgs used to the new rules in 2019. Approved without dissent, as was ready golf mused by Shagpile.

Rudding Park was mentioned as a venue for an overnighter, several however want the same drinks package as last time.

Suggestions of other venues to be tabled next week when The Chair will be in Malta.

Christmas Party

President again spoke eloquently on supporting the golf club. Suggesting that a Mohg should advise a member of the Board of our concerns on the catering front. Shagpile had spoken to a Board member who said that the Board was aware of many complaints.

However the MOHGS decided that they would eat in the clubhouse on the Christmas Party day regardless of the concerns over food.

After several votes it was agreed that a buffet was required and that someone(???) would approach the caterers with our requirements and get a price.

By this time (1.50) The Assistant Deputy Scribe had to leave to recover his computer from the menders so he left and is unaware of further discussions at the meeting.

Everyone will be pleased to know that the computer is now fit and well.

MINUTES FOR MONDAY 23 OCTOBER IN THE CLUBHOUSE.

PRESENT: C.D, G.A, P.F, B.H, K.S, P.L, M.M, D.G-M, M.S, D.F, T.M, F.B, L.W(left early).

It was decided that if a ball is lost in leaves and all players are in agreement, another ball may be dropped to replace the lost one. Bunkers were treated as GUR and there were preferred lies on the fairway.

FINANCES: £2.70 was collected in swears and is in the safekeeping of the Chair.

RESULTS: There was one 2 recorded by Two Beers on the 14th. D’soD were Shagpile and Winscales with 23 points apiece. DDoD was the Chair with 24 points. The Rabbi was runner up with a creditable 39 points. The winner with a magnificent 41 points was the ever popular Laird. The joint duffers will each receive 2 extra shots.

TOASTS: To Lewis Hamilton for his victory in the US Grand Prix in Austin, Texas.

LAST TIMES MINUTES WERE ACCEPTED.

CHRISTMAS PARTY:

The Chair reported that he had further first hand knowledge of the ineptitude of the current caterers. Delboy was dining at the club on Sunday. He ordered a bacon sarnie, only to be informed that the bacon was off the menu. Delboy readjusted his expectations and ordered a chicken Chow Mein. To his horror and disbelief, he discovered upon imbibing the first mouthful that the pesky stuff was cold. He was forced to ask for it to be reheated.

The above paragraph was a precursor into discussions as to the venue of the Christmas party. Needless to say there was a bias beginning to build up against using the club caterers. However it appears that the chances of a shared table are slim if not impossible. The Geezer suggested that someone should approach a Board member to voice concerns about the unsuitability of the caterers but no one appeared willing to take up the cudgels.

The Chair gave an impromptu historical perspective on the Christmas Party venues to date. At first there was golf (3 clubs plus putter), then drinks and games in the clubhouse and finally a trip into Morpeth for an Indian. Next there was a shared table including impressive ham and stotties and pease pudding sandwiches in the clubhouse plus the usual activities. Finally the venue remained the clubhouse with the usual activities but the in house caterers provided refreshments, which he deemed lacked quality and finesse.

*The date of the party is set for Monday 11 December.

# There will be the customary golf with cubs plus putter.

+ Games in the clubhouse to be ratified at a later date.

The President has long been a champion of the in house caterers and spoke eloquently about the need for members to support their clubs whenever possible in these harsh competitive times when clubs are struggling to make ends meet. He also observed that we are now a bigger group than in times gone by and that many may not wish to stay for a long drawn out session # Herbie suggested that we approach the caterers with a defined menu in mind and see if they could meet our expectations and at what cost.

# Shagpile gallantly offered to collect some of the Gosforth members in his own car and transport them to the party to save them the bother of leaving cars overnight in the car park.

* Dewey and the Laird both apologised for their absences as they will be away for the Christmas period.

Today’s meeting did not reach any firm conclusions but there is every possibility that more headway will be made next week by which time members will have had the opportunity to absorb the information and attend the next meeting with renewed vigour, determination and bristling with ideas to make 2017 the best party ever.

Meeting closed at 1.15pm.

Kwok.

MINUTES FOR MONDAY 9 OCTOBER AT BURGHAM GC.

PRESENT: T.M, J.G, P.L, C.M, M.M, T.H, B.Y, P.F, F.B, P.B, K.S, D.F.

Today’s game was a 4BBB played at BURGHAM G.C, organised by the Geezer.

RESULTS: Duffers of the day were Crocs and Shagpile with a miserable 35 points. Runners up were the Laird and Soapy with 43 points. The winners were the ever popular duo of Kwok and Prof with a magnificent 44 points.

#Thanks were expressed to the Geezer for organising the competition.

*Tomorrow’s game is at Bedlington. Please be in the bar at 9.20, when the format and pairings for the competition will be conducted by Shagpile.

¥ The rearranged match v Newbiggin will be on Monday 16 October at Morpeth with the first tee off at 10am. At least 14 players are required but more may well be accommodated if necessary. Please contact Shagpile if you would like to be included.

Kwok.

Notes of MOHGS Meeting 18 September 2017

Apologies from all those not here.

Present:- EE, PF (golf only), FB, AW, KS, TM, LW, PB, PL, ABW, RH, CM, JG, RY, GW (golf only)

Competition Results;

Two twos recorded on 8th by Crocs and The Chair meant a payout to each of £1.50 after Johnnie W remembered to contribute his last 20p.

Duffer of the Day was EL Presidente with 21 points who will get a much needed uplift of two shots.

Deputy Duffer was EL Matador with 22 points, who left in a fit of pique at his display, shot uplift though Geoff.

In second place was Crocs with 37 points, he pockets £5 according to Shotgun, who seemed to become the Financial Diector’s lackey, a shot deducted from MOHGS handicap.

The winner was The ever popular Chair with 39 points, he gains a further £10 but loses 2 shots.

No Geezers Cards in play again today!!!

Swears made £4, thanks mainly to Johnnie who had at least £1’s worth before leaving the first green!

Toasts:

NUFC for the third win in the Premier League this season. (Are we going to toast every win?)

Optimism (can’t remember why)

Captain Scuttler for leadership in defeat at Beamish last Monday

Great grandad to be Jock Strap

Previous minutes were agreed as a correct record.

Matters Arising

Next Monday is a game against Hobson at Morpeth. MOHGS to be led by The Laird

Team consists of:

Laird, Straggler, President, Johnnie, Jocks, Cardinal, Prof, Geezer, Rabbi, Brains, Crocs, Scuttler,

Meet at the clubhouse at 9.45am for a 10.30 tee off.

Next event is 2 October against Newbiggin 9.30 onwards with 6 tee times.

Burgham event on 9 October, first 11 to confirm will play.

Visit to Bedlington on 10 October with Shagpile.

Brains asked when the Chairman’s Quaich would be contested. The Chair in some embarrassment plucked a date of 1st November, although this may change!!

Further embarrassment of The Chair ensued when he was asked the whereabouts of the gavel. He claimed it was in one of his many lockers, he could just not recall which one.

It was agreed that Christmas would happen for the MOHGS on 11 December unless it is changed.

The Financial Director reminded all MOHGS that old £1 coins would not be accepted in the future.

Meeting closed at some time in the afternoon.

MINUTES FOR MONDAY 4 SEPTEMBER IN THE CLUBHOUSE.

PRESENT: A.B-W, B.Y, C.D, F.B, R.J(Ruggles),C.M, P.F, J.G, T.M, M.M, K.S, D.G-M.

RESULTS: Today’s game was the first of the month and was therefore played off white tees. There were 2×2’s by the Chair and Shagpile. DoD was the unfortunate Crocs with a paltry 25 points. Kwok was the DDoD with a miserable 27 points. The runners up were Brains and the Chair with 36 points apiece. The winner with a magnificent 37 points was the newest member of the MOHGS, the talented and big hitting Ruggles.

FINANCE: £2.80 was collected in swears and fines and is in the safekeeping of the Chair. There were no Geezers cards in operation.

TOASTS: The Chair welcomed back Burty Kwok after his extended leave on childminding duties.

LAST WEEKS MINUTES WERE ACCEPTED IN THEIR ENTIRETY.

BEAMISH: The Chair was convinced that the Strap had all bases covered and the event would once more demonstrate his formidable organisational skills. Members were advised to be present at the clubhouse at 9am for meeting and greeting prior to the match. Buggies must be ordered in advance by contacting Jocks.

AOB: Shotgun and Windscale had been in conversation and ruminated about a collective noun to describe a group of MOHGS. They came up with a MERRIMENT or a MISERY of MOHGS. The Chair challenged members to suggest other suitable terms and report back at the next meeting.

* The Chair unilaterally declared that he was unhappy with the Monica awarded to our newest member and he intended to change it to RUGGLES, which he felt was more suitable for a talented young virile man.

* There was a short discussion about the Christmas Party. The Chair felt that it was inevitable that the clubhouse would be the venue, but he tapped the side of his nose while simultaneously winking and inferred that the President had a trick or two up his sleeve regarding the organisation of food. More would be revealed in the near future. Meanwhile he urged members to think outside the box and come up with ideas for a different format. Brains suggested that we could possibly do something with Velcro balls.

The meeting closed early at 1pm due to the fact that the cycling tour of Britain was imminent and there would be many road closures.

The Geezer and Kwok apologised for their absence next week.

B. Kwok.

Notes of MOHGS Meeting 28 August 2017

Apologies from all those not here.

Present:- NB, FB, KS, LW, PB,PL,TH, RH, CC, JG, RY, MM, PM, DF, DGM

Chair extended a warm welcome to Paul, Shagpile’s son who basked in the new nickname of Noddy.

Competition Results;

Another large turnout meant a madding start. Five groups of three playing singles.

Two two’s posted by Prof and Johnnie who shared the £3 from today and the £4 brought forward from last week.

Duffer of the Day was The Chair with 26 points who will get a much needed uplift of two shots.

Deputy Duffer was Two Beers with 27 points, another shot uplift David.

In second place was Jockstrap with a magnificent 41 points, he pockets £5 according to the Assistant Deputy Competition Clerk’s calculations, and gets a shot deducted from MOHGS handicap.

However winners and this week’s double champions were Noddy and The Cardinal with a stupendous performance of 44 points. They share £10 and both get cut two shots.

No Geezers Cards in play today, they seem to have been lost!! Although the Rabbi is excused after being savaged by his dog.

Swears made £3.40, definitely on the slide not as good as last week, everyone must do better!

The Rabbi announced that tee times for next week will require an 8.15 meet, due mainly to the Cycle Race coming through Morpeth.

Toasts:

NUFC for the first win in the Premier League this season.

Hull for winning the RL Challenge Cup although the Wigan contingent refused to join in the toast.

RY for joint second in last weeks Seniors Comp.

The Laird magnanimously proposed a toast to the English Golf Team who won the annual competition against Scotland last Friday. He has assumed legendary status for the unselfish toast.

Previous minutes were agreed as a correct record.

Matters Arising

Rabbi was concerned that his attendance was not recorded in the minutes when he was obviously there since he Chaired the meeting with aplomb. The temporary scribe apologised profusely and claimed that once the party exceed 15 he cannot count!

  

AOB

The Directors insist that visitors should pay the full guest rate.

The Chair helpfully reminded the Financial Director that old £1 coins will cease to be legal tender in the near future.

The Financial Director informed the assembly that he was on the case and if those present could try to remember a meeting several months ago where he had informed everyone that he would no longer accept the old £1 as payment!

The Laird had invited Hobson Golf Club to Morpeth on 25 September.

Jocks reminded those scheduled to play that the return match against the Dirty Dozen was planned for 11 September. Scuttler was duly elected MOHGS Captain for the match.

Christmas was again deferred although some members felt that there was little alternative but to drink and eat at the Club. I’m sure that this will be discussed further.

Meeting closed early after infiltration by The Chairs youngest granddaughter who charmed all those present (unlike her grandfather)

Notes of MOHGS Meeting 21 August 2017

Apologies from all those not here.

Present:- PB,DGM, DF, KS, Mike (President’s chum),GA, JG,MS, LW, RY, TH (last 4 golf only) CD,MM, Rob (nephew of MM), ABW,GA,CM,TM

Competition Results;

Exceptionally large turnout meant that we had to be quick on the draw to enable everyone to keep ahead of the Ladies County Competition behind.

No two’s posted so the pot of £4 is carried forward to next Monday.

Singles competition with Duffer of the Day Two Beers with a miserly 20 points. (Been there David!). Deputy Duffer of the Day was the ever popular Presidente with 22 points, no doubt because he was trying to keep ahead of the Ladies!

In second place was Rob (MM’s nephew) with 38 points which should have been more! He pockets £5 according to the Assistant Deputy Competition Clerk’s calculations.

However winner and this weeks champion was The Prof with a marvellous score of 40 points. His winnings of £13 were pocketed by the above mentioned Clerk who claims that he will pass the dosh to the Prof in due course, less a handling fee of course.

No Geezers Cards in play today, they could have delayed the play and brought the last 4 ball into contact with the Ladies!

Swears made £4.75, not as good as last week because the weather was fine!

The Chair was assumed by The Rabbi, who started by reading the riot act to all assembled. He specifically wanted to remind the MOHGS that many had not read the minutes and turned up later than the appointed 8am. This created problems and heartache for the above mentioned Clerk who shot off in the third group and left the Financial Director to sort out the remaining players and format. He did this with his usual style, aplomb and humility.

Toasts:

England Cricket Team

Alistair Cook for a double hundred although only against a poor Windies.

David and Martin for winning the national pairs competition last week.

Stenson for winning the Wyndham Classic.

The Chair announced that there would be no more Mr. Nice Guy.

Winscale pondered if the large turnout had any reason or precedent.

Previous minutes were agreed as a correct record.

Matters Arising

Brains was pleased to observe that Christmas had been put to one side.

  

AOB

The Laird had visited Hobson Golf Club and speculated about a home and away match with a similar like minded group there. Apparently they play on a Monday but have a limit on numbers. Is this to be discussed at the AGM?

The Laird to progress.

The Geezer (medal required) will arrange the game at Burgham in September.

Crocs extended a warm welcome back to Mike and Rob and hoped that the rush on the course had not adversely affected their enjoyment.

The Chair then admonished those MOHGS who ask for their names to be placed on the start sheet for Wednesday to ensure that in the event they cannot play their names should be removed in good time to allow other Seniors to take up the slack. As he said, no more Mr. Nice Guy!

Please note that next weeks tee times revert back to 8.40am. PLEASE BE READY BY THE PRACTICE GREEN AT 8.15AM. Any late comers will be thrust to the back and take flak from the Whitley Bay Boys!

Meeting closed very early at 1pm.

Notes of MOHGS Meeting 14 August 2017

Apologies from all those not here.

Present:- PB,RY, DGM, DF, KS, RH (last two no golf) CD, PL, MS, LW, MM, MC,TH,ABW,GA,CM, FB,

Competition Results;

Unusual format of four man team with two to score, full handicap allowance. Some confusion on the tee but eventually four fourballs braved the wet conditions. Unfortunately only three fourballs returned and a threeball. The President not feeling up to a full round of golf.

One two posted by Herbie at the fourteenth, who pouched the £3.20 with glee.

Duffers of the day were Team 1, skippered by The Laird ably assisted by The Cardinal, The Prof and Two Beers. The Laird suggested an uplift of two shots each but was shouted down and MOHGS rules will apply.

Winners of the competition was Team 3 comprising Shagpile, Shotgun, Scuttler and Winscale. All to have handicap reduction of 1 shot! Despite the Assistant Temporary Competition Organiser suggesting a pull of two.

Geezers Cards were in play by Team 1, and so the remaining Teams were required to cough up £1 per Team so that the return was £4.

Swears made £8.60 which suggests that we should always play in the rain!

Toasts:

Jockstrap for his return to the fold. Prof. for his first grandson.

British Athletics Team, the mens 4×100 Relay Team, Usain Bolt, Mo Farrah.

Previous minutes were agreed as a correct record.

Matters Arising

None

AOB

Please note there are only 4 tees booked for next Monday starting at 8.24am be early or miss out! Everyone encouraged to be ready to play by 8am. The Chair felt sure that all would get off in the required time slot.

The President gently admonished slow play and encouraged everyone (without naming names) to start on time and play up each others backsides. The President went on to compliment the Competition Clerk whose feelings were hurt as he had been overruled on the first tee regarding the format of todays comp. Shotgun wanted to know what was wrong with having fun! He was immediately put in his place!

The Financial Director announced a pot of £134.20 for the Christmas extravaganza with hopefully more to come.

The Chair wants to discuss the likelihood of Christmas at the next meeting but one.

Shagpile announced the return visit to Bedlington has been changed to Tuesday 10 October. A complimentary four ball was offered by the Chair to be included for the day.

Meeting closed effectively at 1.55pm.