# LCMS Convention Proceedings_St. Louis Missouri_1941_S868
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

368 Financial Matters

stewardship of the committee entrusted with the investment of
Synod’s trust funds.

B. That the attention of the delegates be called to the report of
legacies as found above and urge them to bring this method of
furthering the work of the Kingdom to the special attention of the
congregations of Synod.

Action of Synod: These resolutions were adopted.

Board of Auditors’ Report
(Memorial 803)

Your Board of Auditors respectfully submits the following
report for the past triennium.

1. Our work has proceeded on an even keel. Our Auditor,
Mr. A. W. Huge, has enjoyed the rather outstanding cooperation of
the various synodical boards, committees, and subsidized Districts,
and we really have nothing requiring the special attention of Synod ~
at this time.

2. We were pleased over Synod’s action at the St. Louis con-
vention on the general subject of “Student Work” at our colleges
and seminaries, which formed the greater part of our report to the
last convention (Proceedings of the 37th Convention, held in
St. Louis, June 15 to 24, 1938, p. 299, §§ 1 to 5). These resolutions
are being quite generally adopted, and the salutary effects of this
character-training leading to self-help and a deep appreciation of
financial help received and at the same time assisting materially
in reducing the ever-increasing financial load of our institutions,
are very much in evidence. In fairness to the institutions which
are complying with Synod’s resolutions and as an encouragement
to the several institutions which have not yet fallen in line, it is
our recommendation that Synod reiterate its resolutions of 1938 on
this subject. :

3. Church Extension loans were also touched on in our last
report to. Synod. We are happy to report that the new arrange-
ment of making Church Extension loans to Districts only has
‘brought about a very noticeable improvement in collections. The
moral obligation of the Districts, which carries with it much per-
sonal attention on the part of the District officers, is proving a
decided advantage over long-distance correspondence.

Respectfully submitted by your
Boarp oF AUDITORS
Wn. Lotrmann W.H.Roscuxe A. F. Ratuert

Since this report contained no recommendation, no action was
taken by Synod.