LCMS Convention Proceedings St. Louis, Missouri — 1929, Page 144

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144 Proceedings of Thirty-Fourth Regular Convention

The annuity rate payable to annuitants on joint or sy
agreements shall be the same as above, but the age of the
the two annuitants shall govern the rate.

The annuity funds shall be held in trust by the Treasure
Synod. * of
These funds shall be profitably invested in accordance

*vivorship.
younger of

ve oo. With the ;
prevailing rules of Synod governing invested funds, .
The earnings of such annuity funds shall be credited annual]
pro rata to the annuity-agreement accounts. y *

All annuities paid to annuitants shall be debited to the Tespee-
tive annuity-agreement accounts.

At the termination of an annuity agreement, i. €., at the death
of the annuitant — respectively, the surviving annuitant — the re- ;
siduum shall be used in accordance with the stipulations of the respec- :
tive annuity agreement.

C. Various Items Turned Over to the Board of Directors,

1) Considerable time and attention was given to the work of our
Church in South America, especially as far as the seminary at Porto
Alegre is concerned. In conjunction with the Board for Home Mis-
sions in South America your Board delegated Mr. Horst to visit the :
field early in 1928. In his energetic, consecrated, and efficient man- :
ner, Mr. Horst devoted himself whole-heartedly to his task, giving
much help and encouragement to the workers in the field and bring-
ing home valuable information for the guidance of the Board and
Synod. He will be ready to offer a verbal report.

2) Our foreign relations, chiefly in Europe, were given consider-
able attention, and help was granted to the extent of our ability. The
reports of the European Mission Board will bear this out.

3) In conjunction with the St. Louis faculty and the Board for
Foreign Missions, attention was given to the question of the training
of workers for the Foreign Mission fields. The respective reports
bring the details of the plan under consideration to the attention
of Synod.

4) The Immigrant Mission Board for Northwestern Canada, ap-
pointed by the President according to synodical resolution, is ren-
dering valuable services in directing immigrants to our congregations.
It was found advisable to authorize the calling of a full-time immi-
grant missionary at Winnipeg.

5) The investigations regarding the legal status or Synod’s in-
corporation have not matured any material results. Unless Synod
rujes otherwise, the Board of Directors must continue this problem
on its docket. M. F. Kretzmann.