# LCMS Convention Proceedings_St. Louis Missouri_1956_S400
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

captivate the interest of our members. Only a few of
850 individual lenders — have thus far availed th
opportunity to invest some of their Savings in “God’s Bank.”

400 MISSIONS

for a new congregation. This would require a total sum of
$22,320,000 in the ten-year period.

Synod’s Church Extension Fund is at the disposal of all Mission
Boards of Synod. In the past, loans were granted to the Board for
the Deaf for various chapels, to the Board for Missions in North
and South America for projects in Hawaii and in Latin America,
and to the Board for European Affairs for England. It may well
be assumed that at least the same ratio of loans will be sought
by these and other Boards as in the past. This may easily increase
the total amount needed by 1965 to a grand total of $25,000,000.

How Can This Money Be Provided?

Synod at the present time operates with a Church Extension
Fund of about $4,300,000. Since it is a revolving fund, $4,300,000
should be available in a ten-year cycle.

The budget of Synod includes $250,000 in 1956. With an annual
increase of only 10% in the annual budget appropriation for Church
Extension, Synod could add to its capital Church Extension Fund
in ten years the sum of almost $4,000,000.

From the “Conquest for Christ” offering, $1,931,500 has been
placed into a revolving fund for the establishment of new con-

gregations in North America. About $1,200,000 will have been
repaid by 1965.

From these three sources the following might be expected:
Synod’s present fund $4,300,000.00
From the budget __ 4,000,000.00

“CFC™ 1,200,000.00

$9,500,000.00
The balance would have to be borrowed in an ongoing borrowing
program. The idea of expanding “God’s Bank” is beginning to

our people —
emselves of the

Request for a Full-Time Executive Secretary
Wuereas, Church Extension is such a vital part of our church’s

mission program; and

Wuereas, The “God’s Bank” program as sponsored by the

Church Extension Board has in a comparatively short time and
with limited Promotion enjoyed considerable success; and

Wuereas, The demands upon Church Extension funds will