Church at Home and Abroad, The (July - Dec1898) . inancial in-stitutions. The ben-efit to the churchesis principally fromthe rate of interest(low as comparedwith what is usuallyrequired in WesternStates) , from thepermission given tomake at any timepayments on theprincipal, and fromthe allowance at thefinal payment, if re-turns have beenprompt, of a rebateof one-half of theaccrued interest. ARCHITECTURAL DESISTS. ee, , Another interest- the Board. ing department in the work of theBoard is the securing from good archi-tects appropiiate designs for church build-ings. That this provision is a
Church at Home and Abroad, The (July - Dec1898) . inancial in-stitutions. The ben-efit to the churchesis principally fromthe rate of interest(low as comparedwith what is usuallyrequired in WesternStates) , from thepermission given tomake at any timepayments on theprincipal, and fromthe allowance at thefinal payment, if re-turns have beenprompt, of a rebateof one-half of theaccrued interest. ARCHITECTURAL DESISTS. ee, , Another interest- the Board. ing department in the work of theBoard is the securing from good archi-tects appropiiate designs for church build-ings. That this provision is appreciatedand serves an excellent purpose is evidentfrom the fact that every week several requestsfor designs and suggestions as to buildingsreach the office. Indeed, such applicationshave come not only from all of our ownStates, but from Scotland, England, thecontinent of Europe, and South America. PERMANENT INTERESTS. It is evident that as the work of theBoard has grown older and more extended, 1898.] THE BOARD OF THE CHURCH ERECTION FUND. 479. its scope has necessarily become much widerthan the simple receipt of contributions andthe redistributing of the same among thechurches needing help. Not only havefunds from legacies and other sources beenplaced in its hands, which it must carefullyinvest and preserve for the benefit of theChurch at large, but its plan of work, in-volving the securing of mortgages and theconsequent corresponding insurance, in-creases each year the large reversionaryinterests which it conserves for the Churchat large. The care of these various funds,of its insurance obligations and of thereversionary interests, involves a largeproportion of the time and services of theofficers of the Board. These different interests were reported tothe last Assembly, as follows: First: Capital in all Funds : Permanent Fund—In-vested for rev-enue $151,000 00 Trust Funds —Heldsubject to life in-terest of donors . 46,500 00 ReynoldsFund—Stillin hands of ad-ministrato
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