Methodist Church Funds Act 1960
| Jurisdiction | UK Non-devolved |
| Citation | 1960 c. xxiii |
| Year | 1960 |
8
&
9 Euz. 2
Methodist Church Funds
Act, 1960 Ch. xxiii
CHAPTER xxiii
An Act to make better provision for the investment of
certain funds of or connected with the work of the
Methodist Church in Great Britain the Channel Islands
and the Isle of Man and of its overseas missions funds
and to constitute and incorporate a central finance
board of the Methodist Church and for other purposes.
[29th July I960.]
W
HEREAS under and by virtue of the enactments in that
behalf contained in the Methodist Church Union Act
1929 and a deed of union executed in pursuance thereof
the Wesleyan Methodist Church the Primitive Methodist Church
and the United Methodist Church became as from the twentieth
day of September nineteen hundred and thirty-two a united
church or denomination under the name of the Methodist
Church:
And whereas pursuant to the powers contained in section 14
(Power to adopt new model deed) of the said Act a model trust
deed was adopted and numerous funds of the Methodist Church
are held upon the trusts of that deed or upon the trusts of one or
other of the three earlier model trust deeds which are referred to
in the preamble to the said Act:
And whereas there are other funds of the Methodist Church
in Great Britain the Channel Islands and the Isle of Man and
other funds of charities controlled by the Methodist Conference
1
Ch.
xxiii
Methodist Church Funds
Act, 1960 8 & 9 ELIZ. 2
and having objects connected with the work of the Methodist
Church in Great Britain the Channel Islands and the Isle
of Man:
And whereas the overseas missions funds are funds of or
connected with the work of the Methodist Church overseas:
And whereas the powers with respect to investment of the
trustees of the above-mentioned funds (or the greater part of
them) are unduly restricted in the circumstances now prevailing
and it is expedient that such powers should be extended by
enabling investment to be made in one or more common invest-
ment funds or deposit funds as provided by this Act:
And
whereas
it
is
expedient that
the
facilities for investing
in
such
investment or deposit funds should subject to the provisions of
this Act apply also to the funds of future trusts similar to those
mentioned above:
And whereas it is expedient that such additional provision
should be made regarding the investment of the overseas missions
funds as is provided by this Act:
And whereas it is expedient that a body should be constituted
and incorporated under the name of the Central Finance Board
of the Methodist Church for the purposes appearing in this
Act:
And whereas it is expedient that the other provisions contained
in this Act be enacted:
And whereas the purposes of
this
Act cannot be effected without
the authority of Parliament:
May it therefore please Your Majesty that it may be enacted
and be it enacted by the Queen's most Excellent Majesty by and
with the advice and consent of the Lords Spiritual and Temporal
and Commons in this present Parliament assembled and by the
authority of the same as follows:—
Short title. 1. This Act may be cited as the Methodist Church Funds Act
1960.
2.
In this Act—
" the Central Board " means the Central Finance Board of
the Methodist Church constituted by this Act;
"the conference" means the annual conference of the
Methodist Church;
2
Interpreta-
tion.
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