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THE COMMISSIONERS OF CHURCH

STATEMENT OF RECEIPTS AND PAYMENTS ON ACCOUNT OF CAPITAL (INCLUDING CERTAIN

RECEIPTS.

24 SEPTEMBER, 1914, TO

1 January to 31 December, 1926.

£ s. d.

Total from

24 September, 1914, to

31 December, 1926.

£ 8. d.

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72,896 11 147,095 5

3

7

4,612 16

2,350,000

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Balance, 1 January, 1926
Advances from Civil Contingencies Fund (Repaid-see per
contra.)
Parliamentary grant in aid of sum due to the Representative
Body of the Church in Wales by way of commutation under
Section 3 (2) of the Welsh Church (Temporalities) Act,
1919.

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From the Governors of Queen Anne's Bounty under Section
5 (2) of the Welsh Church Act, 1914
From the Governors of Queen Anne's Bounty, formerly held
by them under the Dilapidations Act, and transferred
under Section 5 (2) of the Welsh Church Act, 1914.
Sales of Glebe Lands and Properties under Section 27 of
the Welsh Church Act, 1914.

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For the redemption of mortgage, and amount realized on sale
of Stocks transferred by the Ecclesiastical Commissioners
and Queen Anne's Bounty or held by the Commissioners
under Section 26 of the Welsh Church Act, 1914.

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For the redemption of tithe in full, or by way of annuities 4 Mineral Rents, Royalties, and Wayleaves

49,434 6 5

4,321 19 11

3,962,126 18

National Debt Commissioners-Loan under Section 30 of
the Welsh Church Act, 1914.*

...

Transfers from Revenue Account in replacement of Com-
mutation Capital disbursements, &c.
Value, at date of disestablishment, of Stocks (including cash
£4 168. 3d.) previously in hands of Incumbents or the
Supreme Court-see Statement of Balances on page 7 ...

33,642 6 5

373 2 10

325,297 12 5

*This loan is repayable to the National Debt Commissioners by means of an annuity of £160,834, payable half-yearly.

TEMPORALITIES IN WALES.

RECEIPTS OF STOCKS) FOR THE YEAR ENDED 31 DECEMBER, 1926, AND FOR THE PERIOD 31 DECEMBER, 1926.

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Repayment of Advances from Civil Contingencies Fund.
Payments to the Representative Body of the Church in
Wales under Section 3 (2) of the Welsh Church (Tem-
poralities) Act, 1919, and Section 18 (b) of the Welsh
Church Act, 1914 :-

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Amount realized by sale of Stocks at middle market price
on 1 December, 1920.

Value of Properties transferred under Section 18 (b)...
Compensation to Lay Patrons under Section 16 of the Welsh
Church Act, 1914

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Queen Anne's Bounty (Dilapidations) Act Allowances for
repairs undertaken before the date of disestablishment.
National Debt Commissioners-Loan repayments ...
Payment to the Representative Body of the Church in
Wales in respect of the purchase under Section 4 (2) of
the Welsh Church (Temporalities) Act, 1919, of Tithe
Rentcharge transferred under the Welsh Church Act,
1914 :-

£

By transfer of 5 per cent. War Loan 241,502
1929-47.
In cash

12,000

4,778 13 5

48,982

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383

241,885

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Balance, 31 December, 1926, being excess of Receipts over
Payments (see summarized Statement of Balances)

3,962,126 18

325,297 12 5

STATEMENT OF RECEIPTS AND PAYMENTS ON ACCOUNT OF REVENUE FOR THE YEAR ENDED

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10,342 4 2 28,217 3 158,894 14

Dividends from Investments
Interest on Treasury Bills

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8,013 19 5

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5

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Interest in Annuities in respect of Tithe Redemption, &c....
Glebe Rents, &c.

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5,338 8 1 21,051 5

6,723 10 3

2,182 4 230,562 27,722 12

3337

...

2,016,694 9 9

452,507 16

31 DECEMBER, 1926, AND FOR THE PERIOD 24 SEPTEMBER, 1914, TO 31 DECEMBER, 1926.

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A.-Salaries

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B.-Travelling and Subsistence Allowances
C.-Postage, Telegrams, and Telephone
D.--Incidentals

E. Printing and Stationery
F.-Office Accommodation

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Stamp Duty on Deed of Security to National Debt Com

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Payments to Representative Body under Sections 18 (b) and
35 of the Welsh Church Act, 1914 :-
In lieu of Modern Tithe

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£ s. d.

10,548 13 4 390 5 1

249 3 9 1,173 9 8 206 14 3 895 18 5

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Payments under Section 4 (1) of the Welsh Church Act,
1914-

Charges in augmentation of stipends and the upkeep of
St. David's College, &c.

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Payments to Incumbents for the period to 31 March,
1920, &c. :-
Tithe Rentcharge

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159 12 6

325,010 4 239,672 19 4 8,931 14 1,978 9

432 4 8

Rents

Ground Rents

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Dividends on Investments

Poor and General District Rates

5

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Insurance, Fire, &c.

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Interest to Ecclesiastical Commissioners under Part II of

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First Schedule to the Welsh Church Act, 1914
Interest on Loan from Civil Contingencies Fund, &c....
Interest on Loan from National Debt Commissioners
Transfers to Capital Account in replacement of Commuta-
tion Capital disbursements, &c.

Costs in connexion with Tithe Rentals
Costs of Surveys and Reports on Glebe
Repairs to Property

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Agents' cost of collection of Tithe and Rents, and
Allowances for postages, &c.
Loss on sale of £9,635 17s. 8d., 5 per cent. War Stock
Difference between cost of Investments transferred to
Representative Body and their value at the date of
transfer (recouped by deduction from the purchase con-
sideration of the Tithe Rentcharge purchased by the
Commissioners from the Representative Body) ...
Balance, 31 December, 1926, being excess of Receipts over
Payments (see summarized Statement of Balances)

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385 1 10

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£

2,032 13

1,555 2

477 11 12,490 2

1,770 15 1 28 15 4

SUMMARIZED STATEMENT OF BALANCES AT 31 DECEMBER, 1926.

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9,886 11 4 2,875 10 7

60,000

Treasury Bills

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59,332 6 2

32,568 17 6

400 3 7

47 "B Account

5 per cent. War Stock, 1929-47

5 per cent. War Stock, 1929

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51,280 8

2

per cent. Consols

29,852 1 6

10,359 13 6

3

per cent. Conversion

Stock

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3 per cent. Transvaal Government Guaranteed Stock, 1923-53

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7,562 15 7

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3,712 10 9

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