{"id":657,"date":"2009-02-10T20:54:00","date_gmt":"2009-02-11T04:54:00","guid":{"rendered":"https:\/\/blog.gajunkie.com\/?p=657"},"modified":"2009-02-10T20:54:00","modified_gmt":"2009-02-11T04:54:00","slug":"presbyterian-mutual-society-to-wind-down","status":"publish","type":"post","link":"https:\/\/blog.gajunkie.com\/?p=657","title":{"rendered":"Presbyterian Mutual Society To Wind Down"},"content":{"rendered":"<p>Well the shareholder vote is in and by a large majority they have accepted the administrator&#8217;s plan for an orderly wind-down of the <a target=\"_blank\" href=\"http:\/\/www.presbyterianireland.org\/mutual\/index.html\">Presbyterian Mutual Society<\/a> that is related to the <a target=\"_blank\" href=\"http:\/\/www.presbyterianireland.org\">Presbyterian Church in Ireland<\/a>.&nbsp; 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.&nbsp; The <a target=\"_blank\" href=\"http:\/\/www.presbyterianireland.org\/mutual\/PMS_Count_Results_Letter_from_Administrator_2.09.pdf\">PDF copy of the document<\/a> announcing the results and reporting the vote tallies is available from the Mutual Society.&nbsp; Additional details are in a <a target=\"_blank\" href=\"http:\/\/uk.reuters.com\/article\/domesticNews\/idUKTRE5195DY20090210\">Reuters piece<\/a>.<\/p>\n<p>As I mentioned <a target=\"_blank\" href=\"https:\/\/blog.gajunkie.com\/2009\/02\/05\/update-on-the-presbyterian-church-in-ireland--moderator-designate-and-mutual-society.aspx\">last time<\/a>, 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.&nbsp; This is noted in an <a target=\"_blank\" href=\"http:\/\/www.newstatesman.com\/blogs\/the-faith-column\/2009\/02\/church-ireland-society\">op-ed piece that the Moderator of the PCI, the Rt. Rev. Donald Patton, wrote for the New Statesman<\/a>.&nbsp; The Moderator talks about the situation, the role of the church at this time, and concludes with this paragraph:<\/p>\n<blockquote><p>Christian faith is being tested, and, just as the principle of<br \/>\nmutuality in financial terms has been under severe pressure, so the<br \/>\nbond of caring fellowship is under strain. At such a crucial time, it<br \/>\nis vital for all in the Church \u2018\u2026to carry each other\u2019s burdens and in<br \/>\nthis way\u2026fulfil the law of Christ.\u2019 (St Paul\u2019s letter to the Galatians<br \/>\nchapter 6, verse 2)<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Well the shareholder vote is in and by a large majority they have accepted the administrator&#8217;s plan for an orderly wind-down of the Presbyterian Mutual Society that is related to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,33],"tags":[],"class_list":["post-657","post","type-post","status-publish","format-standard","hentry","category-news","category-pc-ireland"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Presbyterian Mutual Society To Wind Down - 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