DESPITE disposing of two of the 18 properties it maintains for the shelter of convert clergy and their families, the Converts' Aid Society had total assets of £1.42 million in 1984, more than £160,000 up on the previous year.
The society's annual report, published this week, reveals that 145 convert clergymen and their families received support in 1984 and 16 were able to study for the priesthood thanks to CAS grants.
Over £100,000 was distributed in grants by the society which has Cardinal Hume as its President. The Venerable English College and the Hospital of SS John and Elizabeth in north London both received £1,000, while Beda College and
the Diocese of Westminster were given £100.
The cost of maintaining its 16 properties and administrative expenses brought total expenditure to £183,952, for the year. Income from subscriptions, collections, investments and deposits interest came to £161,373.
The Society has investments with a market value of over £1.18 million in unit trusts, building, pharmaceuticals and industry.
'The annual report also reveals that speakers at the next annual meeting, to be held in the Ballroom of the Dorchester on July 1, will be Bishop John Jukes, auxiliary in Southwark, and John Ileley. Last year's AGM at the same venue cost the Society £2,120.