It seems that the new policy to transfer all KH ownership to WT gives the WT control of the assets as well as capacity to re-jig, consolidate etc. It will put a lot of money on the consolidated balance sheet. Which they could also borrow against if they choose to, particularly with the 'pledge' system that was presented by resolution. This in theory could create a colossal cash fund, average witnesses would know nothing about it...
Just imagine.. if there is a massive falling away ( either natural or provoked by teaching adjustments etc) as the system existed WT had no stake in all of the KH properties. Now they have them all under their control. If a congregation disappears... the asset is with WT.
I know of a cases were the CO has re-structured a number of congregations and in the process has eliminated a KH in a very functional and central location.The KH has been owned outright for many years. The two congs that used it have been re-aasigned to other KH's about 5 miles away. The KH is now up for sale for 200K.
In another cong they made a resolution to convert their 110,000 loan to WT, they made it an outright donation , and added another 10,000 !
Have you heard many more of these cases ?
I have seen on this site a copy of the official Spanish bethel letter that outlined the KH policy. Does anybody have the US , UK , France, Germany or other letters ?
The figures involved in this are astronomical . I think WT might be shooting themselves in the foot with this as it could attract a lot of media attention and criticism. It is a different level of exposure to move from having a few billion in assets (bethels etc) that you have accumulated over 100 years to shift to having billions in cash in the bank .The sale of the closed bethel homes , the eventual liquidation of Brooklyn, and now the KH's. Charity status could be questioned when you have so much cash but in quantifiable terms give so little in economic support.Any other thoughts ?
Stanley Theater