World Chirch Action Against S. Africa

The World Council of Churches, supreme international body of the world’s Protestant Christians, has withdrawn its custom from three major international banks whose financial dealings with South Africa were judged to be “suppporting the system of racism embodied in Apartheid”. The WCC is closing its 1 million Swiss Franks accounts with the Union Bank of Switzerland, and transferring from UBS management its S. Fr. 20 million ‘investment portfolio. The two other banks the WCC is breaking relations with are the Swiss Bank Corporation and the Dresdner Bank (Federal Republic of Germany), but curranty the Council has no funds in these banks. Apartheid, as everybody knows (we hope), is that barbaric political system by which a small. White minority group runs a “Republic” in South. Africa keeping the vast majority of native Black people in absolute slavery. WCC General Secretary Philip Potter in announcing the action said the Council did “not take this action with any pleasure” but rather “”out of deep concern for the people of S. Africa, both those who oppress and those who are oppressed””. countries : courtesy: Christian Workers, Colombo.”