Blending of trust funds
35 Blending of trust funds
Where the Trust holds moneys on trust for different purposes or activities, the Trust may invest those moneys or any part or parts of them as one fund and distribute the income arising from that fund ratably among the several purposes or activities for which the moneys so invested are held.
A loss arising from an investment pursuant to subsection (1) shall be borne ratably.
The Trust may make advances out of any moneys referred to in subsection (1) for a purpose of, or relating to, the Church.
A sum advanced by the Trust pursuant to subsection (3) shall be deemed to be an investment of the relevant moneys and shall bear interest at a rate fixed by the Trust and the sum advanced and the interest on it shall be deemed to be a charge on the assets of the Church.
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