# LCMS Convention Proceedings_St. Louis Missouri_1950_S440
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

440 "MISSIONS

ACTION :

Upon recommendation of Committee 11, the following

resolutions were adopted: :
Resolution 5

Your Committee recommends that the General Church Extelf
sion Board be commended for its excellent work and tha ‘tt
. report be adopted. rv,

Resolution 4

Wuereas, The General Church Extension Board is required’
make loans for congregations in foreign countries; therefore bedi

Resolved, That we comply with the suggestions of the General
Church Extension Board and order that all loans for congregations
in foreign countries be made in the “coin of the realm” of. the
respective countries and that the repayments be made likewise it
the “coin of the realm” of that country. oe

Nors.—The request for a change in the Handbook, Section 8.11%

was taken care of in the recommendation of Committee 6 on Menigs
rial 502, Recommendation III. -

ang

Repayments to Synod’s Church Extension Fun

(Memorial 405) ;

It has been the privilege of your Fiscal Office, for many yéate

to do the essential accounting of Synod’s Church Extension | ang

Making the collections became its duty three years ago. Now: iS
is our added privilege to report very satisfactory progress”

making collections. .

Fifteen years ago Synod decided to discontinue making 1

to congregations. From that time on loans were limited to Di:

tricts and several of Synod’s mission boards. How wise this ac

was is portrayed in the accompanying tabulation. Three yea

ago Districts owed a total of $613,987.69. Of that sum, $1,000 wag
then past due. As of March 31, 1950, Districts owed $1,365,757.95;;
and nothing was past due. In other words, all Districts were living

up to their promises.

When Synod discontinued making loans directly to congrega%:
tions, it was assumed that it would take some time to make alll
the collections, as there were bound to be some who could not,
live up to their promises in the specified time. Three years ago:
there. were still $75,106.43 outstanding on loans to congregatio: 5
. of which sum $64,538.43 were past due.’ Many of these loans were:

to schedule. As of March 31, 1950, there were still $21,087.09 out
standing, and of this sum $17,939.09. was past due. All accounts bit ;
one have shown some signs of life. With that one exception, we -
believe, the outstanding items will be collected. AS