Well the shareholder vote is in and by a large majority they have accepted the administrator’s plan for an orderly wind-down of the Presbyterian Mutual Society that is related to the Presbyterian Church in Ireland.  The shareholders voted on five proposals related to the disposition of the Society and each passed with over 90% approval by the shareholders and with over 88% approval of the creditors.  The PDF copy of the document announcing the results and reporting the vote tallies is available from the Mutual Society.  Additional details are in a Reuters piece.

As I mentioned last time, there are moves to have the British Government back the Society and while no decisions have been made there, it is reported that an agreement in principle has been reached for a meeting with the top political leaders of Norther Ireland.  This is noted in an op-ed piece that the Moderator of the PCI, the Rt. Rev. Donald Patton, wrote for the New Statesman.  The Moderator talks about the situation, the role of the church at this time, and concludes with this paragraph:

Christian faith is being tested, and, just as the principle of
mutuality in financial terms has been under severe pressure, so the
bond of caring fellowship is under strain. At such a crucial time, it
is vital for all in the Church ‘…to carry each other’s burdens and in
this way…fulfil the law of Christ.’ (St Paul’s letter to the Galatians
chapter 6, verse 2)