BALCLUTHA PRESBYTERIAN

Clutha Leader, Volume IV, Issue 182, 4 January 1878, Page 5

BALCLUTHA PRESBYTERIAN

mmmmmmsm nancial^ktemeiit.wasr : bs^carryrf brward ! [^j^*Ss!able|tolyMe";; iipnf-tdf J llife^orainarvi '■ u^stes.-fa/EAisJis/aslitf > W^ms^^iiißz tcpns'i^ourt^njjtwi^ .' 16spec£iiro!liaWiityln .- new-church' have -iiot Sy^dW^ard»e ; [pj^fw I *)^^ :' at-^cdngregatibnT'liave) j T \ h^Chu^h^BuildingJ \ Heforerthe^ meeting. * ' rrating" past proceed- 1 ' ®itleideeds^_^tKe\ iie? f cKurclv/ wa^ ; completed| and; '-as- - l^hadtß^eiif dra^ out^iii *f aypur : ,of theißuiidiiig; jj|||Com^^ tlie . liable f or \ S to » another =1 the Deacons' Court to the-memljers giye,any persp-^ ##liya(^araniel f 'r eqiiired ; in ;c6nnectiori?witl_ : ' --of moneys ■'"■-■■-■ • -*< m* y; c -- -■ :to* a-^discussion, -^ which there appeared . .= miSapprehensipii i'wgre 'fully , w^*s^M-that thp .question, y#bt aial«^had;lweri r discussed . at: a , f ull m eet-

pytmg^f^ jpySpf ■^^7^oii :^M'j^^i s vD^b'AiSy-, -and that': the ; acalso : been agreedtb by l^iOT^e^uallyvlarge-i majority ;" and -seeing; Committee was a numerous one, { yery fairly all. sections oi gEy? ttejcongr^gatipn/it was believed that had jfe^eierjr. separate^juesfiqii; as it arose be_n" g^refCTred'-fo tbe ''congregation' with a full K# explanation, tlie "decision would in every have 'been, thesame. Jt was fur-

Spy ther explained that it was an exceptional p^^ngjtoiraisermoney on the; security of a Ky chnrch;building alone, the : lenders, in adt mpitgage, requiring the perSy ironaf guarantee bf a few of the gentlemen .. f; connected, with the congregation, and that ;y this 'was/only 'fair and reasonable. In the y.z present instance - no mortgage was required, |y-thelenders> being willing to advance the AS suih : wanted ; pn ,the ..simple guarantee of A ithe members; qf Vthe -Building Committee y jajidJJe^cons^Cpurt;, and there being spine ■y^l^WCT^y^j meinliers i the actual liability of =';''^--^h*-couid"n6t.'possibly exceed £70. And

■^yeYtm -supposing 'the congregation unable |fef-to; 'meet its- liabilities ,: the guaranteeing Q-;3-p'aities-had all the church property to fall yrtoack^upoWtp protect ;t^ against y any f possible loss— the ; property thus availy:ri^le^cpnsisting- of the new church and secy; tipns, lialf an acre in Charlotte-street, the y yqld churcli'arid half art acre, also the manse y '{and; 2o acres ; -and that on "fi|t<£datter pro-, y} perty alone a sum ~ of : £500f^oui»i if re r r : quired be raised at *ahy y time'^on ordinary 1 ;; mort|jage.y * --•':• y .-•■.- •;• .,-; --* ..y-y-zz. "' j :-., Ay After this explanation;, it waa not. sur- j ■ . prising that the^ Deacons' Court , adopted •' y report of ,*fclfe..^^^lßuildin^G^vn'jititee, so that the . two '"-bodies wilf in future* be associated. * •*yy ■'■ '-;- '■■.: '-"--'• - • . |