# LCMS Convention Proceedings_St. Louis Missouri_1938_S156 # Machine transcription, uncorrected — CHI Digital Archive (demonstration) 156 Missions in General Committee 14 reported: Wuereas, Colored Missions are in charge of the Synodical Conference; therefore be it Resolved, That Synod do not extend loans to colored missions from its Church Extension Fund. Action of Synod: This resolution was adopted. Who is Entitled to a Church Extension Loan? This question was brought up in the report of the Secretary of Missions, pp. 114, 115. Action of Synod: The recommendations of Committee 2 were adopted in the following form: J. Wuereas, Present Church Extension funds are limited and therefore unable to meet all demands made upon it; therefore be it Resolved, That loans preferably be made to Districts for mission-congregations unable to carry the added burden of interest to be paid on such loans to enable them to secure a modest but adequate place of worship, school, parsonage, or teacherage. 2. Wuereas, Growing, fast-developing congregations are at times in need of larger loans to finance needed projects to meet the opportunities within their community; Wuereas, Such congregations at times find it extremely diffi- cult to float the loans necessary with their own membership or from without; Wuereas, The rate of interest asked for the loan is usually prohibitive; therefore be it Resolved, That a committee of three competent laymen be ap- pointed by the Church Extension Board to study this problem, devise ways and means to meet this situation, and to submit their findings to the Board of Directors for final disposition under ad- visement with the Church Extension Board. Combining Church Extension and Home Mission Boards (Memorials 404 and 405) Wuereas, At the present time the amount of delinquent loans due the General Church Extension Fund is about $545,000; and Wuereas, This condition of the Fund seriously affects the progress of Home Missions; and Wuereas, Under the prevailing circumstances the officials of the Church Extension Board are usually limited to correspondence in dealing with this situation and this procedure has been found to be ineffective; and i a Pedy