16Disposition of rents etc of glebe lands

16 Disposition of rents etc of glebe lands

16 Disposition of rents etc of glebe lands

The Trustees shall out of the net rents and profits received by them from any glebe and other lands belonging to any congregation after payment thereout of all rates taxes and impositions insurance premiums and cost of repairs thereto and improvement and maintenance thereof and interest on any loans made on the security of such lands in the first place pay to the minister for the time being of the said congregation during each year a sum of three hundred dollars (exclusive of stipend from other sources) and in the next place shall apply such part of the remainder of the said rents and profits towards the building improving enlarging or maintaining of the church or minister’s dwelling-house belonging to such congregation as may be required for such purposes and shall apply the balance if any firstly to such social, religious, educational, charitable or other purpose within the parish and then to purposes otherwise connected with the Presbyterian Church in New South Wales as they may determine. The minister in the event of his having received in any one or more years less than the said sum of three hundred dollars per annum shall have a claim in respect of such deficiency against the net rents and profits received or accruing in any subsequent year or years but subject nevertheless after he has ceased to be the minister of such congregation to the right of the settled minister for the time being of such congregation to receive out of the said net rents and profits a sum of three hundred dollars per annum in respect of each year of his tenure of the pastorate in priority to such claim and provided further that the amount of such deficiency to be so paid to each such minister who has ceased as aforesaid to be minister of such congregation shall not exceed a sum of one thousand dollars. In the event of there being more than one claimant in respect of any such deficiency and the surplus rents and profits being insufficient to meet their respective claims in full they shall share in such surplus rents and profits up to the said sum of one thousand dollars each in the proportions to which their respective claims stand in relation to the surplus rents and profits available from year to year.