# LCMS Convention Proceedings_St. Louis Missouri_1938_S275
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

Financial Matters 275

quirements in Synod were met and the debt reduced from
$675,487.20 to $614,687.19 from the beginning of 1935 to the close
of 1937,

Your Committee recommends to Synod to adopt the following
resolutions:

Resolved, That Synod express its gratitude to the Board of
Directors, the District Presidents, and other officials of Synod for
their commendable work in connection with Synod’s budget.

Resolved, That the hearty thanks of Synod be expressed to all
the different Districts that have made, and are still making, efforts
to introduce ever better methods and produce better results in
connection with the attainment of the budget.

Resolved, That Synod, by a rising vote of thanks, express its
deep gratitude to Mr. Louis H. Waltke for his generosity and kind-
ness in defraying the expenses of the Visitors’ meeting in connec-
tion with the Fiscal Conference at River Forest in 1936 and the
convention of the District Centennial Committees in St. Louis
in 1937.

Action of Synod: These resolutions were adopted.

On Point 2, Synodical Trust Funds (p. 218), Committee 14
reported:

The Cleveland Convention instructed the Board of Directors,
the Special Board of the L. L. L. collaborating, to study Synod’s
entire trust business in all its phases, with a view to developing
a plan or scheme for holding in trust, controlling, managing, in-
vesting, and conserving all synodical trust funds. This resolution
of the Cleveland Convention the Board of Directors has carried
out. They have devised and adopted a plan, have created a new
board for trust funds, and have appointed the members. Our
Committee recommends to Synod to adopt the resolution:

Resolved, That Synod accept the report on Synodical Trust
Funds and approve of the action of the Board of Directors.

Action of Synod: This resolution was adopted.

Points 3-5 were disposed of as follows:

Point 3, on Pensions, will be reported on below in connection
with Support and Pension matters.

Point 4, on Salaries, was taken by way of report.

Point 5, Church Extension Matters, was disposed of under the
heading of Missions, where Church Extension matters are treated.

On Point 6, Centennial Collection, Committee 14 submitted for
adoption the following resolutions: