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Thread: Religious Orders Wealth Submissions

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    Angry Religious Orders Wealth Submissions

    What is happening with the religious orders and their submissions to govt on the state of their wealth - this was supposed to have been wrapped up in early summer?

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    The Church of Rome wasn't built in a day.

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    Lets hope the same examination of their numbers will be held as with the Liam O'Carroll case.

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    About a decade ago I was involved in a civil service-wide inventory of property (both owned and rented). I recall that the Land Registry said that the Catholic Church was either the biggest property and land owner in the country or one of the biggest.

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    Its the same in the UK. The biggest private property owners are the Church Commissioners.

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    It would be interesting to take a peek at Catholic Church investments too. A few years ago they were found to have invested in the London Rubber Company, which makes Durex !

    The C of E was found to have invested in the arms trade !

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    The Major property holdings of the Catholic Church are listed in the following table. The property investments are divided into visible property holdings and hidden property holdings.



    Figures obtained here

    One can trace back the hoarding of wealth by the Catholic Church for selfish ends to its early history. We need only read Geoffrey Chaucer’s magnum opus “The Canterbury Tails” written around the 1380’s wherein he details churchmen who con and deceive the common folk into emptying their pockets and spending their last farthings for the benefit of the church and its officers.
    Last edited by Andrew49; 22nd September 2009 at 02:33 PM. Reason: Link to Table
    I watched with glee, while your kings and queens, fought for ten decades for the gods they made.

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    Good job My kingdom is not of this earth, eh ?

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    Wasn't that the Vatican Bank, Banco Ambrosiano which has now been rebranded after the Robert Sindona scandal?

    I recall reading that they were so busy diversifying industrial shareholdings that they bought shares in a group which made some of its money from condoms

    The Annual Report of the Church Commissioners for the church of England alone for 2008 shows some interesting returns on investments;

    Page 56 where they declare individual investments returning over 6million;

    (Numbers are in millions and the amounts relate to STOCK EXCHANGE AND FIXED INTEREST HOLDINGS VALUED OVER 6m

    Royal Dutch Shell 103.7
    BP 92.8
    Vodafone 78.3
    HSBC 75.0
    Legal & General All Stocks Gilt Fund 63.4
    GlaxoSmithKline 60.6
    AstraZeneca 40.2
    AXA Global Emerging Markets Fund 38.9
    Fidelity Institutional
    Emerging Markets Fund 35.8
    BG 35.0
    BHP Billiton 29.3
    Tesco 27.5
    Unilever 26.1
    Treasury Variable Rate
    Index Linked 2017 24.3
    Nestle 22.9
    Standard Chartered 21.2
    Anglo American 18.4
    Centrica 17.2
    Exxon Mobil 17.2
    Microsoft 16.8
    Reckitt Benckiser 16.8
    Treasury 2.5% Index Linked 2013 15.8
    National Grid 14.4
    US Treasury 2.375% 2025 14.1
    Wal-Mart 13.9
    Procter & Gamble 13.2
    BT 13.1
    Rio Tinto 13.1
    Roche 12.2
    Barclays 11.8
    Mitsubishi UFJ Financial 11.5
    AT&T 11.5
    Prudential 11.2
    Pfizer 11.2
    VenCap 10 USD Fund 11.0
    Novo-Nordisk 10.4
    Arisaig Asia Fund 10.0
    Aviva 10.0
    Chevron 9.2
    Scottish & Southern 9.1
    US Treasury Variable Rate 2018 9.0
    Royal Bank of Scotland 8.4

    And this is a mere selection as you can see from that page in the report!

    http://www.cofe.anglican.org/about/c...2008report.pdf

    I thought as I'd bothere to have a look at the CofE I'd maybe see if the Catholic Church in Ireland produce Annual Report and Accounts.

    So I put into Google the following search terms: 'annual report catholic church ireland'

    and the search returned a link to, and I quote (irony upon irony!): 'A look inside our prisons - CatholicIreland.net'

    Can't see any Report and Accounts in the links after that

    ah well.

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    Quite obviously the people who posted the above haven't a clue what they're talking about.

    Wouldn't ye all love to know how much the Church is worth? Nosey parkers.

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