Correspondence.

Lyttelton Times, Volume IX, Issue 576, 12 May 1858, Page 5

Correspondence.

To the Editor of the Lyttelton Times.

g IB) Will you be kind enough to publish in full (I enclose a copy) the terms of the proposition which I brought before tho Church Property Trustees at their quarterly meeting on the Ist of May ? Mr. Wylde will thus see that his memory has partially faded him as to the purport of it. __,-_,,, „ „. I regret deeply, Avith Mr. Wylde, tnat a discussion'of the subject Avas not allowed. I will not believe that indifference to the vital question materially involved in it prevented any one trustee from even formally seconding the motion. Tlie day Avas a busy one, the room in which wo met miserably cold. Perhaps my brother trustees gave me credit for not being easily disheartened, and felt sure that- they would see tho question revived at a more convenient season. If so, they Avere right:—l propose, God willing, to lay the matter, as soon

as may be, before the Managing Committee, and, if I can prevail upon this small body to consider the whole question in detail, then, either as originally proposed by me, or, if the committee see fit, in some amended shape, I shall request the trustees at an early meeti'n"to give it thcii sanction. ° Meanwhile I forbear from entering upon any discussion as to the expediency of'some such measure being adopted by the trustees. I am, Sir, Your obedient servant, W. VV. WILLOCK Christchurch, May 8, 1858. RESOLUTION PROPOSED. " That the Church Property Trustees do apply to the Provincial Council at their next Session for powers to sell from time to time portions of their landed estates, with the condition attached absolutely that out of .the purchase monies so obtained an amount not less than tiie original cost of the lands thus sold be re-invested in land, the remaining portion of the purchase monies to be invested in the. best available securities. Government debentures, mortgages, or the like."