Taiwan Church Dream Project Made Real Through Episcopal Church Foundation Aid
Diocesan Press Service. November 27, 1972 [72195]
NEW YORK, N.Y. -- A "dream project" of the Episcopal Church in Taipei, Taiwan is coming true, thanks to a laymen's organization here.
Through its Revolving Loan Fund, The Episcopal Church Foundation is advancing $20,000 to St. John's Cathedral in Taipei toward construction of a girls' dormitory for students from the provinces and from other countries. The Foundation initiates and underwrites projects in support of the Church's work.
"A university with many girl students training as teachers is very near our Church, ." said the Rt. Rev. James T. M. Pong, bishop of Taiwan. "These students need accommodations the government schools cannot provide, and their parents feel much safer with their girls in a church-run hostel. "
The Rev. M. C. Chia, dean of St. John's, said the projected dormitory, on Church grounds, will accommodate 84 girl students and provide "an ideal environment for studying." Total cost is $50,000, the balance of which is being obtained from a United Thank Offering grant and public donation.
"We called this our ' dream project' because it seemed impossible to raise all this money," Fr. Chia wrote to The Episcopal Church Foundation. "Your loan, received with heart-felt thanks, will now make it possible. "
The Foundation, through its Revolving Loan Fund program, advances funds for the completion of church structures on a no-interest basis. The loans are for 10-years with only a one per cent administration charge on the unpaid balance.