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Sydney’s finances tighten further

by Muriel Porter Australia Correspondent

THE financial position of the dio­cese of Sydney has worsened over the past year, the Archbishop, Dr Peter Jensen, said in his presidential ad­dress to the opening session of the annual diocesan synod this week.

The amount available to the dio­cese each year for the future will be almost half of the already significantly reduced amount that was available this year, he said. Only about $AU4 million will be available from the diocesan endowment funds, instead of the $AU7.5 ...

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