Church of England Rewards Faithful With Decade's Best Returns
April 26 (Bloomberg) -- The Church of England's investment fund was the best performer among comparable plans over the last decade, posting 2005 returns that were its best in six years.
The 4.9 billion-pound ($8.75 billion) fund, which invests in stocks, bonds and property, returned 19.1 percent last year. This helped the 302-year-old fund earn an average annual return of 11 percent for the decade ended Dec. 31, 2005, compared with an average return of 8 percent for similar plans, the Church of England said today in its annual report, citing State Street Corp.'s WM Co. performance measurement unit.
``This shows remarkable consistency in the turbulent investment and pension conditions of recent years,'' Andrew Brown, secretary of the Church Commissioners, said in the statement. ``The sound long-term performance reflects both our well-balanced portfolio and the strength of the commissioners'...
The Anglicans are so worldly. Giving financial returns to the faithful ? The Roman Catholics are much more spiritual. My grandparents received a certificate of indulgence for 146 years off of Purgatory in return for their faithfulness in giving $1000.00 to the rebuilding fund of our church . It was from Pope pius XII in 1954 to celebrate the golden jubilee of the church. Now that's a return of investment !
The Anglican Church seems to know more aout worshiping Mammon than it does about worshiping the God of the Bible.
These investments are the only thing that keep the Anglican Church in apostacy. Small Protestant denominations and independent Bible believing churches almost always require support from living members. Churches that stay faithful to the teaching of the Bible tend to keep their numbers or grow. Churches that embrase liberalism, the world and apostacy always decline in numbers.
My heart goes out to Evangelical Anglicans in the C of E. It must be such a discouragement to see the apostacy of their leaders and the vast amount of resources that are taken away from true Gospel work and are given to promoting hell damning doctrine.
My solution? The dis-establishment of the C of E. No State church.
Poor 'ol Henry gets no respect; from Catholics because he executed Thomas More, kicked them out, & sold their monasteries, and from us Protestants because he martyred them & attacked Luther's doctrines. Henry had theological training & was slated by his father to be Archbishop of Canterbury until his brother died. I understand Luther's reply to Henry had characteristic pith, wherein he called Henry "a fool and an ass." Where can I find copies of this marvelous exchange?
Now I'm no fan of the CofE but you just have to LOVE the lack of theological bias (NOT!) in this Bloomberg report, obviously completely necessary to give the absolutely minimum level of context to the business readers:-
"Church commissioners invest the wealth accrued since King Henry VIII broke with Roman Catholicism in the 16th century and TOOK MONEY from the papacy."
I'm sure the full article explains exactly the sources from which "the papacy" just happened to come by all this MONEY in the supposed service of Him who said "The foxes have holes, and the birds of the air have nests; but the Son of man hath not where to lay his head. "
A plague on all three of their houses, as Mercutio meant to say.
Strangely, I didn't see Rome's name mentioned in despatches for stepping up to the plate when the same organisation lost ¬£624 million in 1992.