# LCMS Convention Proceedings_St. Louis Missouri_1932_S97 # Machine transcription, uncorrected — CHI Digital Archive (demonstration) 120 Proceedings of Thirty-Fitth Regular Convention The amounts loaned to various Districts of Synod are as foll 0. Owg (April 1, 1932) :— Alberta and British Columbia Argentine oo vee 82-54 Atlantic ott 53 387 Brazil ot 25008 California and Nevada, Wetec eee eee eee seen Central ee 3020n Central Iinois 20. 9 o0N Colorado... 39 "00 ; oe Eastem 20. "390, rast mm ee 54,390.00 Iowa 0 Tit tte ttseeeeeeee, 164,652.59: Kamae ee 18,472.75 wp TTT eee eee eee eee eee eee, 9,853. Manitoba and Saskatchewan... 59.150 “a Michigan 48.010 00 Minnesota eee 47,493 ‘10 North Dakota and Montana ...... 47,087 60 Northern Tinois ..... 0000.00 00 8,295 09 Northern Nebraska oe 35,205.00 North Wisconsin 0000000 8,527.15 Oklahoma oe 15,250.00 PTET eee, 1250. Ontario 11,050.00 Oregon and Washington ....0.0. 76,245.00 South Dakota... 23,075.00 Southern . MTT Tt etter e cece eee eee, 33,710.00 Southern California ....000 0000000007 56,210.00 Southern Hlinois ... 2.00.) _ Southern Nebraska a 21,282.25 South Wisconsin 6... 62,500.00 we ee 52,147.98 M OPE eee 69,385.26 ns Scere 7,575.00; Pot ee $1,128,775.51 and efforts have been made to treat all Districts with perfect fairness. The suggestion has been made from various sources that some kind of arrangement should be made for the financing of Parsonages Ev. Luth. Synod of Missouri, Ohio, and Other States. 1932. 121 mission-congregations. According to present regulations, par- mages may be financed only in emergency cases. The Board has defined an emergency as a case where no dwelling could be found for ‘g pastor, and this view has been approved by the conference of Mis- sion Board representatives. If loans were made for parsonages to save the rent, the entire Fund could quickly be utilized for’ this pur- -. pose. However, the amount of money paid for rents by our mission = boards is very large. I£ sufficient capital were available, the rent money would pay for parsonages during a term of years, and a great saving would be effected for our mission boards. The General Church Extension Board has discussed a plan to engage in a kind of building- and-loan proposition by borrowing money from members of Synod at approximately 4 per cent. interest, giving as security participation certificates in the mortgages against the parsonages and collecting the amount lent out, with 6 per cent. interest, in accordance with the system used by the building and loan associations. While the General Church Extension Board has not taken any definite stand in the matter, Synod’s committee may discuss the proposition and after a consultation with mission-board representatives may encourage or discourage the General Church Extension Board’s suggestion of the plan. A comparison of the amount of money requested during the three years with the amount granted during the same period will enable Synod to forecast approximately the amount of money that may be needed during the next three years. A survey of present conditions in our mission-work would impel us to ask Synod for a very large amount of money in order to satisfy the many requests which undoubtedly will reach us during the next three years. How- ever, we are mindful of the financial stringency which is halting Synod’s activities on every hand, and we do not have the courage to make a request corresponding to the opportunities which will be presented to us. Our present cash balance, if made available from the Synodical Treasury, will probably suffice to carry us through 1933. We should like to ask Synod to place the General Church Extension Fund on the budget for $50,000 in 1934 and $150,000 in 1935. We trust that by that time conditions will have improved to such an ex- tent that we can hope to receive these amounts in full, so that at least a part of the requests coming to us may be considered favorably. The Board respectfully requests Synod to make this appropriation. Freperic Niepner, Chairman. With reference to this report, Committee 9 presented its recom~ mendations, which were adopted by Synod in the following form: — 1. That Synod express its keen regret at the loss suffered by the General Church Extension Board through the death of a faithful member, Pastor Wm. Hallerberg;