loans to temples
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Imported quote 20854 Regarding not being able to make any more loans from BBT, I think if necessary we can borrow from the bank using the fixed deposits as security. So long as the loans are not paid back to the bank we shall assure that we shall not withdraw the fixed deposits. These properties should be purchased in the name of BBT, and when the local center repays the loan, then the name can be transferred. Now you have loaned Madhudvisa Dollars 133,505.50. How will he repay? What are the terms for repayment? In France they are wanting to borrow Dollars 120,000.00. Can you arrange for this loan in January, 1975? I understand that Spiritual Sky is not able to repay its loan now. This rule must be strictly followed that 50% paid for printing and 50% paid for property and building loans.
(More...) Imported quote 20857 Please accept my blessings. I am in due receipt of your letter dated November 1, 1974 and have noted the contents. So for maintaining the Gurukula at least the cost price for the books must be paid. Gurukula can take the profit for its maintenance. BBT cannot pay for maintenance of the temples. BBT can only pay for printing and temple properties and construction.
(More...) Imported quote 20904 Please accept my blessings. I am in due receipt of your letter dated November 6, 1974 and have noted the contents. No, we cannot loan BBT money for any other purpose than what is mentioned in the BBT Agreement. These other loans for cows, equipment, and restaurants must all be re-paid, and no other loans other than for publishing and temple construction can be granted.
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