Sir Douglas Arthur Lovelock, KCB (7 September 1923 – 30 July 2014), was an English civil servant and

Church of England The Church of England (C of E) is the State religion#State churches, established List of Christian denominations, Christian church in England and the Crown Dependencies. It is the mother church of the Anglicanism, Anglican Christian tradition, ...

asset manager. He entered the civil service in 1949 and served as Chairman of the

Board of Customs and Excise HM Customs and Excise (properly known as Her Majesty's Customs and Excise at the time of its dissolution) was a department of the British Government formed in 1909 by the merger of HM Customs and HM Excise; its primary responsibility was the ...

from 1978 to 1983 and as

First Church Estates Commissioner The Church Commissioners is a body which administers the property assets of the Church of England. It was established in 1948 and combined the assets of Queen Anne's Bounty, a fund dating from 1704 for the relief of poor clergy, and of the Eccle ...

from 1983 to 1993. From 1983 to 1992, he was also the leader of the Central Board of Finance of the Church of England. Controversies were attracted when a £500m fall in value emerged in the Church of England's property portfolio between 1989 and 1990, owing to the decision to put money into commercial property investments in the mid-1980s before the market sunk and

interest rates An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, ...

rose.Ruth Gledhill, "Church Financial Chief Admits Investment Mistakes", ''

The Times ''The Times'' is a British Newspaper#Daily, daily Newspaper#National, national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its modern name on 1 January 1788. ''The Times'' and its si ...

'' (London), 1 April 1993, p. 2. .

References

{{DEFAULTSORT:Lovelock, Douglas 1923 births 2014 deaths English civil servants Knights Commander of the Order of the Bath Church Estates Commissioners