Bulletin Winter 1977

CITATIONS ON Dr. Pao Yue-kong, C.B.E., LL.D. (H.K.), J.P. Dr. Pao Yue-kong is a shipowner o f international status. With over 160 vessels to his name plying the seven seas at this very moment, Dr. Pao enjoys the distinction o f being the leading shipowner in the world. The present day operations in his company, the World-Wide Shipping Group, are as its name suggests world-wide in scope. But like somany human success stories it had a modest beginning. It all started twenty-two years ago in 1955 when young Pao Yue-kong, who began his career in banking in Shanghai, bought his first vessel in Hong Kong and launched his own shipping company. With no previous experience in shipping, but w ith an abundance o f fine business judgment and excellent enterprising skill, Dr. Pao has steered the World-Wide Shipping Group through troubled water and calm. Today Dr. Pao's labour has been richly rewarded. Aside from being chairman o f World-Wide Shipping, Dr. Pao is also the Chairman o f World Finance International Ltd. and IBJ Finance (HK) Ltd. His business interest is by no means confined to Hong Kong alone, for he is also on the board o f numerous shipping and banking establish­ ments in Japan, in the United Kingdom, and in the United States. Dr. Pao has been closely associated w ith educa­ tion and educational institutions in Hong Kong since the mid-sixties when he founded the World-Wide Sea Training School. He served on the University and Polytechnic Grants Committee from 1972-74 and has made generous donations to both our University and the University o f Hong Kong. In recognition o f his immense contribution to the world o f shipping, to the business community o f Hong Kong and his abiding interest in the education o f the young, I now ask you, Mr. Chancellor, to confer on Dr. Pao Yue-kong the degree o f Doctor o f Laws, honoris causa. 8