HC Deb 16 May 1994 vol 243 c306W
34. Mr. Jenkin

To ask the right hon. Member for Selby, representing the Church Commissioners, who is responsible for deciding the overall balance of the Church Commissioners' investments; and what policy is currently being pursued.

Mr. Alison

The commissioners' assets committee is responsible for deciding the balance of the investment portfolio with general rules made by the board of governors. The commissioners' long-term aim is to achieve a diversified portfolio which bears comparison with those held by other institutions with similar responsibilities. This will mean a reduction, over a period, in the commissioners' property holdings, although, of course, this can be achieved only as market conditions allow.

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