You Bloody Beauty! Sydney Anglicans about to go under, down under.
Parishioners may be asked to bail-out the Sydney Anglican Church as the depth of the losses suffered by its central fund come to light.
The Archbishop, [What a wanky title] Peter Jensen, has told the annual synod up to $100 million has been lost from the funds portfolio because of the global financial crisis and management issues.
My heart bleeds.
(No, it really does. Ask my cardiologist.)
$100 million LOST in a portfolio? What must the obscene portfolio total?
Why the intercourse do they not spend that fortune on the poor?
Yes, yes: I know very well why.
The Bishop of South Sydney, Robert Forsyth, says the parishes are in a healthy position at present and it is possible they may be asked to lend a hand.
Never ever ask a bishop to lend a hand whilst one is bending over.
“At the moment no money from the parishes goes to pay for the head office,” he said.
“We may have to possibly ask for a small levy from parishes.
“But as present nothing you put on the Sunday plate comes to us at head office – that’s the theory, that we have our own fund.”
Ah, the vast wealth that accrues from not having to pay tax.
I truly-ruly hope that they go bankrupt. As soon as possible.
The priests and bishops will actually have to work for a living.
I might make a reality TV show about it:
“When Priests cease being Parasites.”
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about 1 year ago
That’s quite a large portfolio for “head office”.
And what are these “management issues”?
If I look at melbourne.anglican.com.au it says the Anglican Funds lend to parishes and borrow from parishioners, parishes, parish and Anglican organisations. Apparently these funds are guaranteed by the Melbourne Anglican Trust Corporation – at least that’s what Google Cache says, as the pages I’m looking at no longer exist on that site.
That doesn’t really explain what these “management issues” are. Enquiring minds want to know!