Slave trade: Church of England apologises for ‘shameful past’, sets up £100m fund | TheCable
The church made the announcement on Tuesday following research that showed that the church’s commissioners through the Queen Anne’s Bounty, a fund established in 1704, invested in the South Sea Company which traded in chattel slavery.
In its response to the findings, the church commissioners’ board said it would try to address some of the past wrongs through the fund.Justin Welby, Archbishop of Canterbury and chair of the church commissioners, said the church would do whatever was necessary even though resources are “stretched”. “It is hard to do this at a time when resources in many parishes are so stretched, but by acting rightly we open ourselves to the blessing of God.”The church said the fund would be delivered over the next nine years and would be dedicated to programmes on investment, research and engagement.
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