Anglican diocese accounts frozen

From Australia-

The Commonwealth Bank has frozen several of the Bathurst Anglican diocese’s accounts as it moves to recover as much of the $36 million debt owed as possible.

The sale of the Orange Anglican Grammar School and the Macquarie Anglican Grammar School in Dubbo, finalised last Monday, “crystallised” the amount of debt hanging over the head of the troubled diocese, according to Bishop Ian Palmer, but has left it in a “very difficult place”.

 “I am unable to see clearly what the diocese may look like in the future,” Bishop Palmer said in a letter read out to parishes across the diocese.

“[The debt] is large and we cannot repay the bank in full.”

More here-

http://www.mudgeeguardian.com.au/story/1833191/anglican-diocese-accounts-frozen/?cs=1485