LCMS Convention Proceedings St. Louis, Missouri — 1917, Page 68

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68 Proceedings of 30th General Convention,

2. All applications for loans should be endorsed not only by the
President, but also by the Church Extension Board (or Mission °
Board) of the respective District. Accepted. .

3. The Board inquired as to the advisability of making further *
loans to congregations in Canada during the period of the war. be

Synod decided that the Board should exercise great care in the.
placing of such loans, but should continue to make them where the
interest of our mission-work would seem to demand it.

4. The Board submitted to Synod for its approval a form for
application. Decided that the form of application be left to the
discretion of the Board.

5. The Board recommended that: section seven of the regulations
be amended to read as follows: “Congregations receiving loans out
of this Fund are expected to pay off 10 per cent. of the principal
each year for the first five years. The sixth year the balance is. to
be paid. A congregation unable to do this should make application
for extension of time, and continue to pay off 10 per cent. annually.” .
Recommendation accepted. , ‘

Pastor Bartels having resigned from the Board on account of ill
health, Synod extended him a vote of thanks for his services.

Decided that the editors of our periodicals give prominence to
appeals for the Jubilee Fund.

Decided that in future the Church Extension Board consist of
six members instead of three.

Report or TREASURER oF CHURCH Extension Funp.

(Condensed. )
A.
From February 1, 1914, to January 31, 1915.
REcEIrts.
Balance on hand... eee $1486.82
Paid off on loans «0.0... ii 6612.59
Non-interest bearing loans ......0..0 0000071 3379.14
Received from District Treasurers .................., 2518.39
Legacies and donations ........../.70 07771700110 753.56
$14750.50
EXPENDITURES.
Toaned to congregations... .. se, $9854.06
Paid off on debt .......00.0 0.0 211i 2726.40
Sundries wo. 90.35
Balance, January 31,1915 .....0000000 2079.69
$14760.50
B.
From February 1, 1915, to January 31, 1916,
REcErIPts.

Balance on hand ..... Pee eee cece eee $2079.69
Faid off on loans 0... 8310.59
Non-interest bearing loans ..,..0000 0002222222200 7658.75