Report of The Board of Finance
https://archives.anglican.ca/link/official8071
- Date
- 1964 August 31 - September 3
- Source
- Executive Council. Minutes
- Type
- Resolution
- Mover
- Bishop of Niagara
- Seconder
- Chancellor Soward
- Text of motion
- That the Report of the Board of Finance, with the financial statements attached, and the Auditors' Report, be adopted. CARRIED
- Notes
- Chancellor Soward and the Registrar spoke on the matter of the management, custody and the oversight of the Consolidated Trust Fund. They brought to the attention of the Executive Council that, following the most careful consideration, and after reviewing tenders from six of the leading Canadian Trust Companies, the Board of Finance had decided to engage the Royal Trust Company to act as custodian and administrator of the assets of the Consolidated Trust Fund. It was also made clear that the employment of the Trust Company would not eliminate the office of the Honorary Treasurer or the Advisory Investment Committee. Steps would be taken at an early date to secure a successor to the late R.L. Crombie.