By Rev. D. J. MATHESON.
IN reviewing the position of the funds of the Church for the year ended 31st March last, we have again this year to record an improvement in the contributions made by all four Presbyteries, each Presbytery showing an increase, the total of which amounts to £433. The Sustentation Fund contributions amounting to £5,314 15s. 6d. as against £5,029 19s. 8d. received for the previous year, while the Jewish and Foreign Mission Fund contributions increased by £156.
In reviewing the Sustentation Fund, the most important of our Church Funds, it will be observed that owing to the decrease in legacies and special gifts received during the year and on the other hand the increasing expenditure, there is a considerable decrease in balance on hand at the close of the year. In view of the increase in expenditure the Finance Committee have some suggestions for the consideration of the Synod as to the adjustment of salaries for the present year. While it is regrettable that any reduction in salaries should have to be made under present conditions, yet the Finance Committee desires to record their appreciation of the effort made by our people throughout the Church by having increased their contributions. It will be observed from the Abstract of Accounts that the various other funds of the Church are in a favourable position.