Church of England's Investment Policies Challenged on Ethical Grounds
Episcopal News Service. July 10, 1990 [90184V]
The Anglican Diocese of Oxford, England, has withdrawn over fourmillion dollars worth of reserves from the Church of England's Central Board of Finance and charged that the board has not dissociated itself from South Africa-related investments. The Diocese of Oxford has decided to transfer its assets to the All churches Amity Fund, which, the diocese contends, promises a more ethical and financially rewarding return. Richard Harries, the Oxford diocesan bishop, is part of a group that has taken the Church of England Church Commissioners to court over the issue of investment policies. The Board of Finance manages about $1.25-billion worth of funds on behalf of church bodies.