# LCMS Convention Proceedings_St. Louis Missouri_1938_S151
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

Missions in General 151

ing thirty-seven years of the operation of the Church Extension
Fund. It has been an efficient tool in the hands of the officials of
Synod charged with the duty of supervising the mission activities
of our Church.

The Church Extension Board has had regular and special
meetings during the past three years. Every member of the Board
is furnished beforehand with a digest of each application, and the
resolutions arrived at in each case are formed after careful and
conscientious study. Since the last meeting of Synod the Church
Extension Board has made seventy-three loans aggregating ap-
proximately $307,650. There were many more applications for
loans, and we regret to report that it was necessary to decline
a considerable number of requests for various reasons. We were
sorry to do this, and we realize that we caused disappointment in
some quarters; but we believe that in each case where we either
granted or declined a loan we were acting in the best interests
of Synod.

The total capital of the Church Extension Fund as of March 31,
1938, is $1,268,323.87. Of this amount, $1,141,601.21 has been lent
out to congregations, and $126,722.66 is held in cash by your Board.

_ Obedient to the instructions received three years ago, the
Church Extension Board will now report the amounts held by the
different Districts at the present time, together with a statement
of the amounts that are delinquent in each District. The amounts
given cover loans granted to Districts for their congregations as
well as to congregations in the respective Districts:

Balance of Amount

District Loans Delinquent
Alberta and British Columbia ..... $ 39,187.00 $ 22,142.00
Attlamtic eee cece cectececececeeeeeeneeneene 34,728.06 32,728.06
Brazil 21,500.00 2,250.00
California and Nevada . a 37,281.99 9,163.68
Certral eee eeceecnnee caecneennene 40,690.00 8,500.00
Central Tlinois 22. 14,425.00 5,125.00
Colorado ............ - 61,920.21 27,430.21
Bastern once ce ceeescneeceseeeeeesseeee 55,790.00 32,990.00
B10 22 bt) « ccs . 174,938.50 103,718.50
Iowa East _........ - 8,784.18 6,184.18
Towa West o.oo. eccceccccsseecccessesseceseeene 17,600.00 7,000.00
D1 61-5. | re 19,340.00 6,190.00
Manitoba and Saskatchewan __. 47,288.77 41,488.77
Michigan 2 eee eccceeee eens 28,350.00 19,350.00
Minnesota 20... 38,927.27 28,427.27
North Dakota and Montana oo 49,755.00 28,955.00
Northern Mlinois 200 aa 21,244.22 4,494.22
Northern Nebraska uw... 31,488.33 — 18,338.33

North Wisconsin 00 11,853.33 5,903.33