§ Mr. ORMSBY-GOREasked whether the Ecclesiastical Commissioners have agreed to hand over sums derived from English sources to the Representative Body established by the Established Church (Wales) Bill; whether such sums will be handed over as annual Grants out of annual revenue or as a capital sum; and, if as a capital sum, whether the Representative Body will have full control of the money as regards investment and disposal?
§ Mr. McKENNAThe Ecclesiastical Commissioners have intimated to me their intention to hand over to the Representative Body all the property defined by 572 Part I. of the Third Schedule of the Bill, as well as all the existing charges on the Common Fund. In so far as the property consists of capital Grants, it will pass over to the Representative Body in the form of a capital sum, but the charges on the Common Fund will be transferred as a perpetual annuity. The Representative Body will, of course, have full control over the capital sum as regards investment, and full control over both as regards disposal, subject, of course, to life interests.
§ Mr. ORMSBY-GOREWill the hon. Gentleman furnish the House with the amount that will be handed over as capital Grants and the amount that will be handed over as annual Grants, so that the Church may know how much capital they will start with?
§ Mr. McKENNAYes, if a desire is expressed for the figures, I will do my best to obtain them.
§ Mr. LANE-FOXWill these figures be given before the Division on the Second Reading?
§ Mr. McKENNAThe figures are not within my personal control, but I will see what can be done.
§ Sir J. D. REESWill the Division be postponed for the figures?