ADIG Newsletter

For Mons Ryan and George Paul their engagement with ADIG commenced in 1974 when they were asked to be part of the very first ADIG committee. In actual fact Mons Ryan had worked with the late Des Murray in setting up what would become ADIG. Hal Burke joined the Board in 1993 and John Hamilton in 2004.

On Friday 14 March 2008 a function was held to thank the retiring Board members and welcome new ones It was fitting that the celebrations commenced with Mass in the Ursuline Chapel which was concelebrated by Monsignor Ryan and Fr John Carey. Prayers were said remembering deceased members of the ADIG ‘family’ especially Board members and their wives.

The Group has been blessed over the last 34 years in having some very skilled and dedicated people willing to help guide the decisions made. A common theme in the speeches made was the great spirit of cooperation and goodwill amongst those on the Board and the wonderful growth that all had seen in the Group over the period.

The new ADIG Board. Back Row, L-R: Joe Tonkin, Joe Biddle, Peter Baxter, Peter Lloyd, Kevin King. Seated L-R: Jennifer Harman, John Perkins, Fr John Carey, Bishop Luc Matthys, Bob Locke, Adam Green.

ADIG Board changes
The March meeting of the Armidale Diocesan Investment Group Board saw significant changes to membership. Bishop Matthys has accepted the resignation from the Board of Monsignor Frank Ryan, George Paul, Hal Burke and John Hamilton. In total these men have provided 87 years of advice and professional support to the Board of the ADIG.
For Mons Ryan and George Paul their engagement with ADIG commenced in 1974 when they were asked to be part of the very first ADIG committee. In actual fact Mons Ryan had worked with the late Des Murray in setting up what would become ADIG. Hal Burke joined the Board in 1993 and John Hamilton in 2004. On Friday 14 March 2008 a function was held to thank the retiring Board members and welcome new ones It was fitting that the celebrations commenced with Mass in the Ursuline Chapel which was concelebrated by Monsignor Ryan and Fr John Carey. Prayers were said remembering deceased members of the ADIG ‘family’ especially Board members and their wives. The Group has been blessed over the last 34 years in having some very skilled and dedicated people willing to help guide the decisions made. A common theme in the speeches made was the great spirit of cooperation and goodwill amongst those on the Board and the wonderful growth that all had seen in the Group over the period. The new ADIG Board. Back Row, L-R: Joe Tonkin, Joe Biddle, Peter Baxter, Peter Lloyd, Kevin King. Seated L-R: Jennifer Harman, John Perkins, Fr John Carey, Bishop Luc Matthys, Bob Locke, Adam Green.	Board welcomes 2 new members In acknowledging the increasingly complex world of investment, governance, accounting and audit, Bishop Matthys has approved a new Constitution for the Group. Part of the changes involved recruiting Board members for particular areas of expertise rather than from a representative framework. The March meeting welcomed two new members – Peter Baxter, a surveyor from Tamworth and Joe Tonkin, an accountant from Glen Innes. Whilst these gentlemen have yet to achieve a combined 87 years of service they will provide their expertise for some years to come.
Interest Rates continue to rise Whilst it is not good news for borrowers, higher interest rates are proving fruitful for investors. ADIG has adjusted interest rates 3 times in the last 4 months. Here are some samples of our new rates: : $5,000 on 6 month term deposit: 7.60% $1,000 on 12 month term deposit: 6.90% $100,000 on 6 month term deposit: 8.00% For details of all term deposit and at-call rates or to make a new deposit, just contact us.