of overdraft that you set us, instead of the "We are as you see, pursuing the thorny path Aprit 22,
oxy path of credit balance which WoUKL have fcerued had we sold the lawn, "As things and today, we think' your decision Was wise one, as in the two years since you made that decision much of the stability of which We wore so confident has disappeared, and I think we must all feet when we walk upon that fawn, a certain pleasure derived from the solidity of the ground under our feet, and that wwe have no regrets that. we are not involved Ju the quicksand of frozen dollars invested at fixed interest, particularly os we are apparent working our way through our dificult was thus thit Mi, W. S. King dealt, at the annual meeting of subscribers to Holy Trinity Cathedral, with the decision arrived at two years ago on the subject of the proposed sale of the Cathedral lawn. It was an interesting controversy which led to the emphatic rejection of the scheme, for when it came to the vote there was not one subscriber who voted for the sale, That was probably due to a number of considerations One undoubtedly. was that by a decision of H. M, Supreme Court, it was not possible to devote all or part of the proceeds of the sale for the construction of a place of worship in the Western District, and while the money obtained from parting with the lawn would undoubtedly have placed the Cathedral's finance in a sound position, sentimental and aesthetic reasons. prevailed' in. the minds. of the subscribers and the proposition met the fate it was presumed it would before the meeting came to be held, Another factor was tundoubledly the fact that the lease on the Cathedral's" Honan" Road property, then assessed at $510,000, and bringing annual. rental of $10,500. would. ultimately expire and that in about nine year's time the Cathedral would be free from debt, They were all important considerations, and_ the wisdom of the subscriber's decision is not to estimated so much by. what happened Politically' since, but rather from the fact that in. the circumstances it was the only proper judgment which they could pass upon the proposal.
It may not be intended, but the passage from Mr. King's speech conveys the suggestion that the retention of the lawn was wise because it retained for the Cathedral valuable property which may at some other time be isposed of to meet needs. which may' then arise. It is hoped that that is not the view, and that the opinion is generally held that 50 long as there fs a Cathedral on the present site the lawn shall remain before its main Goer. "The dignity of the Church and of the Duilding itself requires that it should be in proper setting, and the mutilated site which would then remain after the abandonment.
Text read from the printed page and cleaned; old type leaves the occasional error.