They have invested in a broad range of companies. $3.5 million is a great fund to be playing with.
Riley Trust accounts - royalty income for the WTBTS closing on 1 million dollars per annum now
by dozy 12 Replies latest jw friends
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Sapphy
The circuit assembly 'shortfall' is an utter scam.
The congregations of the circuit donate and donate until there is enough money to buy or build a circuit hall. The title of the new hall is held by the society.
The society then charges the circuit congregations a 'per head' fee for using the damned hall they already paid for.
So for example, if a circuit section made up of 10 congregations has 1000 publishers between them, the society will charge maybe £3 per head for the assembly, this means the circuit will start with a deficit of £3000.
The elders of the circuit have a meeting at lunchtime and 'agree' the suggessted donation to the society, so the circuit funds are hardly ever in 'surplus', I've known a surplus announced about once in my years attending.
I did wonder, even as a faithful dub, how one day's use of the hall could require £3k in electric bills, cleaning supplies and toilet paper.
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besty
@dozy
The average JW rank & file member isn't putting much in the box these days & although they can make money by building , holding for a few years then selling , there is only so much "flipping" of property that you can do before people get wise to it
agreed, but bearing in mind that the membership is a revolving door...