PRESBYTERIAN CHURCH
MISSIONARY BUDGET bVERSUBSCRIBED STATEMENT PRESENTED TO ASSEMBLY ** The Press ” Special Service WANGANUI, Octqber 30. Mr T. C. Brash, convener of the finance committee of the Presbyterian Church of New Zealand, presenting the treasurer’s statement to the General Assembly to-day, announced that the summarised balances of trust funds now stood at £754,940. The missionary budget was once again oversubscribed. Receipts totalled £58,462, the highest giving yet on record. Mr Brash , emphasised that interest rates on investments were still falling, while the acute inflation existing in China was causing the church much anxiety lest increased costs might bring the threat of retrenchment, which the > church was determined should not occur.
Analysing the expenditure of the Presbyterian Church on its missionary work, Mr Brash said that overseas missions received £29,201, home missions £9677, Maori missions £10,503, and other causes £10,084. The memorial and thanksgiving fund special appeal had realised £47,293, which was divided into one-eleventh for reconstruction in Europe and Great Britain, five-elevenths for missions rehabilitation, and five-elevenths for new housing areas in New Zealand. Of the European contribution, a church building had been given to a devastated town in Holland, and,, money sufficient for the training of two students of the church in Germany for the Christian ministry had been sent overseas. Both of these gifts had been deeply appreciated. Referring to the difficulty of business houses and individuals in giving substantial donations to religious and charitable organisations, Mr Brash said that it was the intention of the church to approach the Government at a later date with a request to allow as deductions for income tax "gifts made by business and industrial houses.
Mr Malcolm Fraser said that a large business firm might find that to give a donation of £l6O it now needed to earn £5OO, the difference being taken in taxation. ,
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Bibliographic details
Press, Volume LXXXII, Issue 25020, 31 October 1946, Page 3
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304PRESBYTERIAN CHURCH Press, Volume LXXXII, Issue 25020, 31 October 1946, Page 3
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