Financial Provisions

19 Other Financial Provisions.

(1)

The diocesan synod shall by scheme provide for the submission to the synod by the Board of annual estimates of the expenditure of the Board for the ensuing year and proposals for meeting that expenditure, and in dioceses where there is a separate Parsonages Board, the Board shall consult the Diocesan Board of Finance before submitting the estimates.

(2)

The diocesan synod may by scheme provide—

(a)

for the payment by parochial church councils of parishes in the diocese of such annual contributions towards the estimated expenditure of the Board as may be determined in accordance with the scheme, but not exceeding in any year a total amount approved by the synod; or

(b)

for the direct payment by such parochial church councils of the whole or part of the cost of repairs to the parsonage houses of their own parishes, and for excluding that cost or part thereof from the annual estimates of the Board; or

(c)

for a combination of such contributions and direct payments as aforesaid; and

(d)

for refunding to any parochial church council any part of a contribution not required by the Board.

(3)

The Commissioners may make grants out of their general fund to the Board for payment into the Parsonages Fund.

(4)

Any moneys received by the Board under any insurance policy effected under this Measure shall, so far as they are not applied for the purposes mentioned in section 12(3) of this Measure or to meet any liability covered by the policy, be paid to the Commissioners, and any net proceeds of the demolition under this Measure of any out buildings of a parsonage house . . . F1 shall be paid to the Commissioners; and the Commissioners shall hold all moneys so paid as if they were moneys arising from a sale of the parsonage house . . . F1, under the Acts and Measures relating to such sales, and may apply them accordingly.

(5)

Without prejudice to the generality of section 1(5) of this Measure, the Board shall have power to accept gifts and bequests either for their general purposes or on specific trusts for purposes falling within their general purposes.

(6)

All moneys received by the Board shall, subject to subsection (4) of this section . . . F1 and any such specific trusts as aforesaid, be paid into the Parsonages Fund.