The Wesleyan Methodist Trust Assurance Company was established in 1872, for the insurance of Methodist Trust property only. The Board of Trustees for Chapel Purposes was formed in 1866, which undertakes to invest money intended for the chapel trust and for Methodist objects. Seeing that there are so many funds in Methodism, and that while some have a balance, others might be obliged to borrow at a high rate of interest, it was suggested that a Common Cash Fund should be established, making it possible for the committees to borrow from and lend to one another, the borrowers paying the ordinary bank rate of interest, and the profits being equally divided among the funds.
[Illustration: Theological Institution, Handsworth.]
A passing reference must be made to another committee, instituted in 1803—the Committee of Privileges and Exigency: and in 1845 an acting special committee for cases of great emergency was formed. Between the sessions of the Conference this committee often renders great service, safeguarding Methodist interests when they would be endangered by proposed government measures, or in any other way. At present it is engaged in trying to get through Parliament several measures in the interests of Nonconformity generally.
The subject of education drew the anxious attention of Wesley; his followers were less alive to its importance, until just before the Queen came to the throne. The training of the ministry was neglected, and the young ministers had to educate themselves. Though Wesley approved the idea of a seminary for his preachers, it was only three years before the Queen’s accession that the first Theological Institution was opened at Hoxton. The Centenary Fund provided for one such institution at Richmond, and another at Didsbury. The Headingley branch was opened in 1868, and the Birmingham branch, built with part of the Thanksgiving Fund, in 1881. Our ministers are now far better trained than were the old Methodist preachers, and, taking them as a whole, they do not come short of their predecessors in any necessary qualification for their work.
[Illustration: Kingswood School, Bath.]