A CHURCH PROPERTY
LOSS ON A MORTGAGE.
(UI TELEtiItAPH. —SI'JX'IAI. TO Tilt I'OST.)
AUCKLAND, This Bay
The loss incurred by the Clergy Pensions Board of the .Anglican Church through tho granting of a mortgage of £7000 on a country property was discussed at the Diocesan Synod on Tuesday. The matter was introduced by Mr. J. 13. Lusk, who moved that tho report and accounts of tlie board be referred back, with a direction that a sum ot £3500 be written off the property.
Mr. Lusk said Uie board's Report shownil Hint a, loss had bec-n mndp on the properly, but there was nothing to show its extent, as it was not tho custom for Synod to discuss reports laid on the table. This was the only way in which ho could bring the mailer before the lur.eliiijj. The report showed (.he capilal value of the land at present at -G7OOO, which was Ihe amount of morf.nayc; whereas he had received a report fr.i'i t- of the largest stock and sta(iou aionls csliiiialiiii its wgrlli at £13500 or £3000. He was "of opinion Mint Hie whole of tlie loss should have been written nl'f. The. puhjcrl was diseiifsed in .-Onnnilu-<-. ,-tnil linii]ly ,Mr. Lusk wiUahqw his
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https://paperspast.natlib.govt.nz/newspapers/EP19251029.2.24
Bibliographic details
Evening Post, Volume CX, Issue 104, 29 October 1925, Page 6
Word Count
205A CHURCH PROPERTY Evening Post, Volume CX, Issue 104, 29 October 1925, Page 6
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