LCMS Convention Proceedings St. Louis, Missouri — 1932, Page 161

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Ev. Luth. Synod of Missouri, Ohio, and Other States. 1932, 9338.

© After Synod has furnished the original equipment, the students should
¢ pay for the wear and tear.

7. This brings us to the general inequality of other fees charged

; at our institutions. There seems no good reason why there should
; be such a great disparity of fees. It would be our suggestion that

Synod provide for a study of this feature. ©

8. The Board of Directors is agreed with us that the 1917 Mil-
waukee resolution (page 133 of the Proceedings)

n Bie aus den BVeridten de3 Wigemeinen Serrn Raffierer3 er-
fidjtlich, gibt e3 beftandig Kaffen der Wligemeinen Synode, in denen
Mangel herrfdt, wahrend gu derfelben Beit andere Kaffen einen
itberjdup haben, dure den jener Mange! aeittveilig gededt werden
fann und twird.

» Dod wird beridtet, dak der liberfdjug einiger, tveniger Rajfen
bon den betreffenden Romiteen der Wlgemeinen Synode felbjt berz
waltet wird. Daher erlauben wir ung gu beantragen, dak der
ettoaige fberfduk jeder Kaffe der WAligemeinen Gynode in den
Handen de3 Allgemeinen Herrn Kaffierers bleibe, wo er der gangen
Shnode gugute tommen fann.“
covers all funds in the hands of Synod’s officers and employees who by

‘ virtue of their office act as custodians or trustees of such funds.
* All colleges except one (and this one partly) are cooperating in giving
E Synod the use of any temporary surplus funds; but it seems well that
i for the benefit of the institution not yet fully cooperating. Synod
: clarify this resolution by stating that the resolution covers also all
| commissary and student funds in the hands of the treasurer of the
} institution.

9. Paragraph B of page 86 (English H. andbook) is clearly under-

f stood by us to mean that Synod intended that all earnings of the Lu-
# theran Laymen’s League Endowment Fund be used for the care of
¢ our “Veterans of the Cross.” The Special Board of the L. L. L.
¢ Endowment Fund feels that because of the present very unsettled
: investment conditions a withholding of 5% of the earnings to meet

possible losses is justified. It is our opinion that, after the present
unsettled investment conditions have righted themselves, the 5%
which the Special Board is setting aside out of “A” earnings should
be returned to the “Earnings Account,” to be applied against payments
made to our “Veterans of the Cross,” as originally intended. -

10. The present General Church Extension Board has employed
itself zealously and intelligently in an endeavor to handle the funds
entrusted to it according to the rules of Synod. However, in. spite
of thorough follow-up there is now past due the sum. of $300,081.99
out of loans aggregating $1,120,023.51. In other words, -26:79% are
delinquent. Several. causes contribute to this delinquency, but we