the interest thereof; -
Len
A
an
dertaking to set apart the Endowment.
form absolutely for the Bishops, as
Sole Corporations
To the
, do that the interest accruing during a Vacancy should be paid our
I not go to increase the next Bishop,
Endowment fund for the benefit of
the Successive occupants of the See.
The intention of the Council undoubtedly.
And may
(as
Resolution passed on the 12 June 1847
be shown by reference to a
-
was to pay to each Bishop in Succession the interest only of the Endowment from the date of his Consecration till the avoidance of the See.
If that of your Grace should concur
in the justice of
the £19,000
Victoria
This Council
51
the interest
appropriated to the See
which has accrued during
the two years Vacancy
between the resignation
of Bishop Smith and the Consecration of Bishop Alford - would be carried to the permanent Endowment fund for the augmentation of the income of the present and future Bishops
His Grace
is the guardian by
I am, My Lord Bishop
Your Grace's obedient servant
Ernest Hawkins.
The Bishop of Buckingham
legally authorised & empowered to act, and that the vacancy accruing during the vacancy of the See if not authorised to the conditions of the trust - Should be principal and not income.
it should be
added to the
Endowment fund.
CAF24/5