Bravo Charles Moore, scourge of the leftie bishops

Jun 2, 2024 by

by Julian Mann, TCW:

TELEGRAPH columnist Charles Moore is apparently in trouble with the Church of England’s bishops for criticising the Church Commissioners’ decision to spend £100million on slavery reparations.

In May the House of Bishops met in York. The C of E press release reported: ‘The House heard an update on the work of the Racial Justice Unit and of the Church Commissioners on Project Spire and the Fund for Healing, Repair and Justice (the slavery reparations). The Bishops recognised the importance of the work being undertaken and a number reflected with sadness and disappointment on the harmful tone of some of the expressions of opposition to the work.’

Who could they possibly be fingering here? In his column on April 23, Moore wrote: ‘In January last year, the Church Commissions, who run the Church of England’s investments, published a report into one of their main predecessors, Queen Anne’s Bounty. The report said the Bounty had invested the rough equivalent of £440million today in the slave trade, via the South Sea Company, between 1720 and 1740 . . . In atonement, the Church Commissioners committed £100million to a nine-year programme of “impact investment, research and engagement”. This decision was not universally acclaimed by ordinary Anglicans. Parishes are getting poorer. Many felt that any sums available should be spent on Christian ministry today rather than righting wrongs committed 300 years ago.’

He then quoted research from Professor Richard Dale, a business historian of the 1720 ‘South Sea Bubble’ who has argued that the Church Commissioners have got their history wrong. What the Queen Anne’s Bounty fund profited from was not the trading arm of the South Sea Company but its annuities side.

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