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Church Commissioners Property Transactions

Volume 885: debated on Wednesday 29 January 1975

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asked the hon. Member for Kingswood, as representing the Church Commissioners, what steps are taken by the Church Commissioners to avoid involvement in property companies whose activities are open to criticism in relation to the welfare of tenants.

The commissioners take ethical and social as well as financial considerations into account before making investments. Should questions of an ethical or social nature subsequently arise in relation to an investment they would follow their normal practice of making representations direct to the company management concerned. If the commissioners were to be satisfied that a company was nevertheless continuing to pursue undesirable policies they would consider disposing of their holding. If the hon. Member for Islington, South and Finsbury (Mr. Cunningham) has any particular instance in mind perhaps he would let me know.