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Anorak | Credit Crunch Does For The Church

Credit Crunch Does For The Church

by | 2nd, August 2008

DO you hear bells?

Cathedral officials have denied accusations of financial mismanagement after admitting that a £103,000 bequest to pay for new bells had lost two thirds of its value in the credit crunch.

The legacy, consisting of shares thought to be in a high street bank, has lost £67,950 in value in the 18 months since it was made.

Kerching !

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Posted: 2nd, August 2008 | In: Broadsheets, Money Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink