§ 26. Mr. Simon Hughes
To ask the right hon. Member for Selby, representing the Church Commissioners, what is the total current value of the capital assets of the Church of England; and what are comparable figures updated to 1990 values, for 1960, 1970, and 1980.
§ Mr. Michael Alison (Second Church Estates Commissioner, Representing the Church Commissioners)
The Church Commissioners' assets produce about 72 per cent. of the Church of England's investment income and, at their last published valuation, at the end of 1988, were worth £2,640 million or £2,860 million at 1990 prices. The comparable figures for the Church Commissioners' assets in 1960, 1970 and 1980 were, at 1990 prices, £2,240 million, £2,700 million and £2,040 million respectively.