The Overseas Bishoprics' Fund

THE OBJECT OF THE FUND SHALL BE TO PROVIDE SUPPORT FOR THE SENIOR NATIONAL AND REGIONAL LEADERSHIP OF THE WORLDWIDE CHURCH, AND IN PARTICULAR FOR THE ESTABLISHMENT AND MAINTENANCE OF BISHOPRICS WITHIN THE ANGLICAN COMMUNION.(2) IN RELATION TO ANY AREA OF THE WORLD OUTSIDE THE UNITED KINGDOM WHERE THERE EXISTS A CHURCH THAT IS PART OF THE ANGLICAN COMMUNION OR IN COMMUNION WITH THE SEE OF CANTERBURY, THE FUND MAY:(A) PROVIDE FINANCIAL ASSISTANCE TOWARDS THE SETTING UP AND MAINTENANCE OF THE BISHOPRICS OF SUCH A CHURCH; AND(B) HOLD ENDOWMENT FUNDS FOR THE BENEFIT OF SUCH BISHOPRICS;(3) IN RELATION TO ANY AREA OF THE WORLD OUTSIDE THE UNITED KINGDOM, THE FUND MAY:(A) PROVIDE FINANCIAL ASSISTANCE TOWARDS THE SETTING UP AND MAINTENANCE OF THE BISHOPRICS OF ANY CHURCH WHOSE RELATIONSHIP WITH THE CHURCH OF ENGLAND IS SUCH THAT THE COUNCIL OF THE FUND, HAVING SOUGHT THE ADVICE OF THE ARCHBISHOP OF CANTERBURY, JUDGES IT SUITABLE THAT SUCH ASSISTANCE BE GIVEN; AND(B) HOLD ENDOWMENT FUNDS FOR THE BENEFIT OF SUCH BISHOPRICS.(4) IN RELATION TO ANY CHURCH IN ANY OF THE ABOVE CATEGORIES OR IN RELATION TO ANY PART OF SUCH A CHURCH, WHERE THERE IS NOT IN PLACE FOR THE TIME BEING A SYSTEM OF EPISCOPAL LEADERSHIP, ANY REFERENCE IN THE ABOVE PROVISIONS TO A BISHOPRIC SHALL HAVE EFFECT AS IF IT WERE TO THE OFFICE AND WORK OF A SENIOR NATIONAL OR REGIONAL LEADER OF STATUS EQUIVALENT TO THAT OF A BISHOP.