Church Funds

Part of Oral Answers to Questions — Church Commissioners – in the House of Commons at 12:00 am on 27 January 1997.

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Photo of Mr Michael Alison Mr Michael Alison , Selby 12:00, 27 January 1997

The hon. Gentleman will know that all the details of the losses, which occurred some years ago, were published in the properly scrutinised and audited annual reports. I am sure that the hon. Gentleman, who although he comes from Wales is not inimical to the Church of England, will be glad to know that the largely paper losses that arose from the drop in valuation of the Church of England's assets have now been almost fully recovered. On the question of the property in Ashford in Kent, if the hon. Gentleman would like to table a question, I will happily give him at least a written answer. Consideration and investigation of the background to that debacle—I agree that it was no less than that—are continuing and results will be published in due course.