General Endowment fund.

Waiapu Church Gazette, Volume II, Issue 5, 1 November 1911, Page 79

General Endowment fund.

We desire to draw the attention of Churchmen to the above Fund. The purpose of the Fund is fully set forth m the following Bill which was passed at the recent Session of Synod. Churchpeople who may be desirous of helping the work of the Church by bequest, have m this Fund an opportunity of so doing. Its objects are such as will appeal to all who desire to help on the work of our Divine Lord. The Bishop of the Diocese states : " The establishment of such a Fund upon a proper basis and at the disposal of the Standing Committee would go far, if properly supported, to meet many legitimate claims ior financial assistance for which at present there is no provision made. I earnestly invite the wealthy Churchpeople of the Diocese to contribute to this fund, if they really wish to help on the work of the Church." Gifts of land as well as money will be welcomed. A Bill Intituled A Statute to form a Church of England General Endowment Fund for the Diocese of Waiapu. Be it Enacted by the Bishop, Clergy, and Laity of the Diocese of Waiapu m Synod assembled : — 1. That the full title of the Fund be "Diocese of Waiapu, New Zealand,

Church of England General Endowment Fund," and short title " General Endowment Fund." 2. The capital of the " Hawke's Bay Church Endowment Fund" shall be transferred to the "General Endowment Fund." 3. Donations and bequests shall be solicited towards the General Endowment Fund. 4. The Fund shall be vested m and managed by the "Waiapu Board of Diocesan Trustees, Incorporated." 5. The income only of the Trust may be expended ; and shall be under the control of the Standing Committee of the Diocese. 6. The Standing Committee may at any time add the unexpended income to the capital account of the Fund. 7. The income of the Fund may be used : — (a) To purchase or make grants towards the purchase of sites for Churches, Vicarages, Schools, and other buildings for Church purposes, and to make grants towards the erection of the same. (b) To provide Stipends or grants towards Stipends of Clergy and Lay helpers for the work of the Diocese. (c) To assist m the payment of expenses for removal of Clergy or Lay workers from one Parish, or District to another m the Diocese. (d) To make grants towards passages of the Clergy from outside the Diocese who may be appointed to Charges m this Diocese. (c) To provide by way of grant or loan for the training of candidates for the work of the Ministry, or for Lay agents whether men or women. ( f ) To provide for General Church purposes.