The Commonwealth Bank has frozen several of the Bathurst Anglican diocese\u2019s accounts as it moves to recover as much of the $36 million debt owed as possible.<\/p>\n
The sale of the Orange Anglican Grammar School and the Macquarie Anglican Grammar School in Dubbo, finalised last Monday, \u201ccrystallised\u201d\u009d the amount of debt hanging over the head of the troubled diocese, according to Bishop Ian Palmer, but has left it in a \u201cvery difficult place\u201d\u009d.<\/p>\n
\u201cI am unable to see clearly what the diocese may look like in the future,\u201d\u009d Bishop Palmer said in a letter read out to parishes across the diocese.<\/p>\n
\u201c[The debt] is large and we cannot repay the bank in full.\u201d\u009d<\/p>\n
Read it all<\/a> and the diocesan website is there<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" The Commonwealth Bank has frozen several of the Bathurst Anglican diocese\u2019s accounts as it moves to recover as much of the $36 million debt owed as possible. The sale of the Orange Anglican Grammar School and the Macquarie Anglican Grammar…<\/span><\/p>\n