Miss X Files #17 L. Ron Hubbard's Tricky Finance Policies
Beverly Rice <dbj1120@ao.net>
Sun, 16 Apr 2000 14:49:02 -0400

I've been doing a little research into "Church" of $cientology corporate finance policy. Here are some enlightening excerpts from Hubbard showing how he pretended to resign from managing the affairs of the cult. Of course, he still remained a signatory on the bank accounts!

In HCO Policy Letter of 1 September 1966R "FOUNDER", L. Ron Hubbard wrote:

Begin Fair Use extract

"In that new boards of directors are being elected for the various corporations and their branches, I am resigning the title of Executive Director and in accordance with a resolution of the general meeting of charter members am being given the title of 'Founder' instead." [first paragraph]

"This is not a retirement but is a resignation from all director posts and the conducting of organizations by myself." [fourteenth paragraph]

"This affects all corporate structures in that I am not now a board member." [sixteenth paragraph]

"Bank accounts need no longer bear my signature but as they are so numerous and the task of changing them so great, I leave this to the new Boards to accomplish..." [paragraph seventeen]

End Fair Use extract

In HCO Policy Letter of 20 June 1968 "COMMODORE AND FOUNDER AS SIGNATORY ON EVERY BANK ACCOUNT", L. Ron Hubbard wrote:

Begin Fair Use extract

"As the omission of including me as a signatory on an account has resulted in unnecessary Dev-T, I have decided to remain as signatory on EVERY ACCOUNT WHICH EXISTS in the organizations in order to assist directors when signatories are otherwise unavailable as has recently occurred." [first paragraph]

End Fair Use extract

Then, Board Policy Letter of 6 July 1975R Revised 9 April 1976 Issue III"_URGENT_ Financial Management Standardization Series 4R STANDARDIZATION OF USAGE OF THE CHURCHES' BANK ACCOUNTS" was issued. It was written by H[erbie] G. Parkhouse, the Deputy Guardian Finance World Wide, for Jane Kember, the Guardian World Wide, for Mary Sue Hubbard, The Controller. This issue establishes that:

Begin Fair Use extract

"Currently the Churches' bank accounts are not standard and differ in various Churches. Therefore, in order to facilitate and accomplish standardization, _all_ Churches should operate with the following bank accounts:

• Finance Office (Org name) No. 1 Account
• Finance Office (Org name) No. 2 Account
• Main Account
• Org Reserve Account
• HCO Book Account
• GO Reserve Account
• (Org name) CVB Reserve Payment Account [for refunds]
• (Org name) Local GO Account

Any church needing to change their bank accounts to accord with the above will transfer funds as per G[uardian] O[rder] 76R MSH" [Mary Sue Hubbard]

End Fair Use extract

Page two of this Board Policy Letter states:

Begin Fair Use extract

_SIGNATORIES_

"The following are the signatories on the above accounts:

_International Sole Signatories_:

• The Controller [Hubbard's wife]
• The Guardian WW
• The Treasurer WW"

End Fair Use extract

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Love, Miss X - Another Old Timer

ARC,

[Reposted by Beverly]