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BBT loans

Conversations and Morning Walks

1975 Conversations and Morning Walks

Conversation with the GBC -- March 27, 1975, Mayapur:

Jayatīrtha: Right. We have the whole proposal. Everyone has a copy, I think. So we can discuss that. The main point, I'm just saying now, is to read through the agenda and see if Prabhupāda approves that we're talking about these things, and then..., because these things are so detailed, and we have some proposals in writing. We can discuss them more. Anyway, so one proposal is Gurukula finance. Another proposal is Brahmānanda's made some proposals about Africa, specifically manpower to be sent to Africa. Another proposal... another thing is to discuss the BBT, BBT loans, moving of the Press, several points about BBT, lowering of the prices, these things...

Prabhupāda: So what is the advantage of moving the Press?

Jayatīrtha: That Ramesvara should be here to say.

Prabhupāda: Call (?) Ramesvara. If you be..., all GBC agrees, then you do that.

Jayatīrtha: All right. So if we have a separate meeting, and Ramesvara presents his proposals nicely, and everyone agrees, then we can...

Prabhupāda: You consider, and then you decide.

Conversation with the GBC -- March 27, 1975, Mayapur:

Jayatīrtha: Right. Well, generally we have about seventeen, eighteen gṛhasthas employed in Los Angeles, and they get much smaller salary, and they, for the most part, they're giving everything over subsistence to the temple as donation. They take out minimum subsistence...

Prabhupāda: But Karandhara is not giving anything.

Jayatīrtha: Well, his point is... As you know, he made that unauthorized loan from BBT when he left, for five thousand dollars. And he has to pay it back at three hundred dollars per month. So after he makes...

Prabhupāda: Unauthorized loan?

Jayatīrtha: When he left last year, he took loan for five thousand dollars, and he is repaying at three hundred dollars per month. So after taxes, he gets eight hundred dollars. Three hundred dollars goes to BBT. That's five hundred. Now, with the balance, he supports his wife and children, and his wife is giving donations for Deities and so on. So he is not actually...

Prabhupāda: No, that you discuss whether he is... Otherwise I can give you a very first-class man, but he won't charge anything.

Jayatīrtha: Who is that?

Prabhupāda: That I'll not disclose. (laughter) You give him simply, his wife and him, a shelter. He's Indian, I can say.

Conversation with the GBC -- March 27, 1975, Mayapur:

Prabhupāda: Control means if there is vigilant, I mean to say, examination, inspection, then there is control of money.

Madhudviṣa: Well, let's say someone gives the temple president some money, and he puts in an account with his name and the treasurer's name, and they both conspire and take the money. Then there's no...

Prabhupāda: Yes. That you can do also.

Atreya Ṛṣi: Anyway...

Madhudviṣa: Yes, but...

Prabhupāda: GBC can do also.

Madhudviṣa: But isn't the GBC supposed to be more trusted than the temple president?

Prabhupāda: Then everyone can do, who has got the...

Bhagavān: The BBT trustees did it.

Prabhupāda: Eh?

Bhagavān: The BBT trustees also did it. They took unsanctioned loan from the BBT.

Prabhupāda: Yes. Yes.

1976 Conversations and Morning Walks

Morning Walk -- June 4, 1976, Los Angeles:

Prabhupāda: Yes, yes. Otherwise, how we will raise the money? Book Fund cannot give.

Tamāla Kṛṣṇa: The Book Fund has been giving one half...

Rāmeśvara: But now...

Prabhupāda: That can be given as loan, not for...

Tamāla Kṛṣṇa: As loan, the whole thing...

Rāmeśvara: Originally you told me wherever they go, the temple will pay fifty percent and the BBT will pay fifty percent.

Prabhupāda: No, that is loan.

Rāmeśvara: Oh.

Tamāla Kṛṣṇa: It's got to be a loan.

Prabhupāda: BBT is, our policy is fifty percent for reprinting and fifty percent for temple. Nothing else.

Tamāla Kṛṣṇa: Strict.

Rāmeśvara: But that fifty percent for temple is only as loan.

Prabhupāda: Yes.

Rāmeśvara: Except in India (laughs), then it is gift.

Tamāla Kṛṣṇa: Because we are rich Americans.

Prabhupāda: Yes, that is contribution to your Guru Mahārāja.

Tamāla Kṛṣṇa: Right.

Rāmeśvara: (laughs) Jaya.

Tamāla Kṛṣṇa: That is our guru-dakṣiṇā.

Room Conversation -- July 3, 1976, Washington, D.C.:

Prabhupāda: But Rāmeśvara has not agreed to pay?

Rūpānuga: No, we do not have to get money from BBT this way. This way we do not have to take loan. It is good, because BBT does not have that much money.

Prabhupāda: No, we need, we supply money to India. Depend on Kṛṣṇa; Kṛṣṇa will supply.

1977 Conversations and Morning Walks

Conversation with Yogi Amrit Desai of Kripalu Ashram (PA USA) -- January 2, 1977, Bombay:

Prabhupāda: So why don't you order more?

Gopāla Kṛṣṇa: Right now I don't have much money, so I'm going slow. But when we sell, we'll get the money back, print more.

Prabhupāda: No, I can give you some loan.

Gopāla Kṛṣṇa: Yes. We will do that. We may need a small loan because... Also the printer came to see me. I told him to bring down the Bengali Gītār Gān price, and I'll think we'll print only one lakh here because his quality is much better than a small letter press in Calcutta.

Prabhupāda: So if you regularly do businesslike, I can give you loan.

Gopāla Kṛṣṇa: Yes. We may need a small loan, Śrīla Prabhupāda. I'm not asking till it becomes...

Prabhupāda: No. For printing books I'll give you loan.

Gopāla Kṛṣṇa: Actually the BBT's turnover now is around four lakhs. A year ago we opened this BBT account with only two thousand rupees in the bank. Now it's gone to four lakhs.

Prabhupāda: Books which are sellable, you can print in quantity. That will be cheaper. These books I think will be...

Gopāla Kṛṣṇa: Yes. We're going to sell this for one rupee, fifty paisa.

Prabhupāda: (Hindi)

Room Conversation -- January 9, 1977, Bombay:

Prabhupāda: So what other news?

Gopāla Kṛṣṇa: Śrīla Prabhupāda? I had previously told you that the BBT was... Because it's doing very heavy printing at the moment, say, for two months we need a little loan.

Prabhupāda: You showed me you have got four lakhs.

Gopāla Kṛṣṇa: That is including an accounts receivable. That money's invested in books.

Prabhupāda: Oh. Para-hasta tataṁ dhanam.

Gopāla Kṛṣṇa: No. Like Gargamuni owes BBT one and a half lakhs.

Prabhupāda: I know that. That is called para-hasta tataṁ dhanaṁ puti-gata-vidyā. "I am very learned man." How? "Now I can speak when I see the books." That means "Personally, I have not assimilated anything. I can... And I have got money. I have to realize this." (laughter)

Gopāla Kṛṣṇa: No, these are books already sold. These are books sold.

Prabhupāda: That's nice, but the money is not in your hand.

Gopāla Kṛṣṇa: He sends twenty thousand rupees every month and... These are books that... Last month only he hasn't sent us. These are books that are already sold.

Prabhupāda: So realize this money. Otherwise, what is the value of this money if you cannot realize?

Gopāla Kṛṣṇa: Yes. Also we're doing a lot of printing in Bengali and other languages.

Prabhupāda: So anyway, they are selling books. They must pay.

Gopāla Kṛṣṇa: Yes. Yes. So I was... If we could get a loan of one lakh for two or three months, because now we are printing the Gītā and the Śrīmad-Bhāgavatam, First Canto.

Prabhupāda: So that I can give, loan. I am giving...

Gopāla Kṛṣṇa: Within two or three...

Prabhupāda: But you never return.

Gopāla Kṛṣṇa: I returned all your loans. In Vṛndāvana loans were all... We haven't taken any loan in Vṛndāvana. The only loan which I didn't return was which was taken from Māyāpura two years ago with Jayapatāka. They're, (I'm?) supposed to pay back. The BBT...

Prabhupāda: So now you... Our big business brain is here, Rāmeśvara. If he recommends, I can do.

Rāmeśvara: For his...?

Gopāla Kṛṣṇa: For the book expansion.

Prabhupāda: He wants one lakh loan. So if you recommend, I'll give.

Rāmeśvara: Who's going to drive the party?

Gopāla Kṛṣṇa: No, this is for book printing. Bhavabhuti's going to handle the party.

Rāmeśvara: The loan is for book printing?

Gopāla Kṛṣṇa: Yes, for book printing. We're printing the Bhagavad-gītā now.

Rāmeśvara: Then who's going to pay for the vehicles? You are, right?

Gopāla Kṛṣṇa: Yes.

Rāmeśvara: I think the loan is for the vehicles. Who's taking out the party? (laughter)

Gopāla Kṛṣṇa: No, no. No, it's not. I'm going to...

Prabhupāda: Now, cool headed, you can study the situation. If you recommend, I'll give.

Gopāla Kṛṣṇa: Thing is, I only wanted you to give...

Prabhupāda: No, you convince him. If he recommends, I'll give you. He is businesslike. I know him. So if he recommends, I'll give. He's very correct to his word. Businessman is correct to his word. That is the... No speculation. Now our Hyderabad affair is not in very order.

Gopāla Kṛṣṇa: Yes, I know.

Prabhupāda: So what to do? Rāmeśvara, you are here. You can see. They are not cooperating. And besides that, Mahāṁsa takes loan. He never returns. He has taken about five lakhs for the temple. So I have already told to the auditor and the... They are (indistinct). This is going on.

Gopāla Kṛṣṇa: Yes, we are working...

Prabhupāda: So you keep account in such a way that whatever income it is, it is spent for books. Print some... You also do there. Whatever income you get, you spend for promotion. This principle should be followed. All businessmen are doing that. Whatever income is there, it is spent for maintenance establishment. That's all.

Gopāla Kṛṣṇa: Like if we buy a bus also, it's going to increase our expenses.

Prabhupāda: And gṛhastha devotees who are actually engaged, you can give them some expenditure.

Gopāla Kṛṣṇa: I think what you said, fifty rupees a week, is okay.

Prabhupāda: That is sufficient.

Gopāla Kṛṣṇa: With one child, fifty rupees a week.

Prabhupāda: For child only?

Gopāla Kṛṣṇa: No. Those who don't have children, their expenses are low so they should get less.

Prabhupāda: They have no expenditure. What expenditure? They are getting free boarding and lodging. Maybe little. But that our ISKCON can supply. Of course, one who has got children, they require little. So manage like that, that there is no profit. That's all. Keep account in that way. So this one lakh of rupees, if you take, when you'll return?

Gopāla Kṛṣṇa: I'll return it by March, because on this export order, it's very high profit just on the...

Rāmeśvara: When you borrow, do you give Śrīla Prabhupāda interest on it?

Gopāla Kṛṣṇa: We can give. I have never borrowed so far money. I haven't borrowed a penny so far except once when I came...

Prabhupāda: "That I did not pay." (laughs) When he takes money, he says, "No, it is not to be paid." Therefore it is no borrowing. Several times I have given you money.

Gopāla Kṛṣṇa: Śrīla Prabhupāda, I've never borrowed... Just once, Jayapatāka's loan, right when I came to India.

Prabhupāda: All right. Now if he recommends, I'll give.

Gopāla Kṛṣṇa: And since the Vṛndāvana temple opened, we did about three, four lakhs' worth of construction, without taking one penny from you.

Prabhupāda: I am giving one lakh rupees per month.

Gopāla Kṛṣṇa: No, no. That is for Gurukula. Plus we contributed about three lakhs to Gurukula's construction. Two lakhs.

Prabhupāda: Now we are paying two lakhs per month.

Gopāla Kṛṣṇa: In the initial stages the Gurukula construction was done from the money that we had collected in Vṛndāvana.

Prabhupāda: No, from the beginning I am paying.

Room Conversation with GBC members -- March 2-3, 1977, Mayapura:

Svarūpa Dāmodara: When he's coming, Śrīla Prabhupāda?

Prabhupāda: I have asked him to come in this ceremony.

Satsvarūpa: Resolved: Devotees preaching to raise funds for Māyāpura must make a uniform presentation. A brochure should be prepared by the BBT. The preaching for Māyāpura should not be done differently by different persons in different parts of the world, and a brochure should be prepared for this preaching. Any GBC who wants a BBT loan...

Rāmeśvara: That's specifically for fund raising.

Satsvarūpa: Yes. Preaching for fund-raising for Māyāpura. Then, any GBC member who wants a BBT loan will submit it to Rāmeśvara Mahārāja, but it will be held in abeyance until the Māyāpura financing is decided in regard to the BBT commitment to Māyāpura.

Prabhupāda: That's nice.

Morning Conversation -- April 11, 1977, Bombay:

Tamāla Kṛṣṇa: I'm not sure if he's printing these... I think he is not printing a Sa-vijñānam Journal. He's printing some other booklets. But this regular journal, which comes out regularly, will be printed in India. "8) The scientists' book, Life Comes from Life, will be printed by BBT India, 5000 copies and paid for by BBT US. 9) No brochure will be printed for individual standing orders at this time. Rather, a selective market should be concentrated upon." This is in regard to Tripurāri Mahārāja's trying out some standing orders door to door in homes. So we decided that the BBT will not print any kind of special brochures at this time, but that he should first of all see what the market is like and make some experiment before we spend money.

Prabhupāda: Yes, yes.

Tamāla Kṛṣṇa: "10) The property committee should also be consulted on leases." Up until now, Śrīla Prabhupāda, we have a property committee, consisting of Rāmeśvara Mahārāja, Jayatīrtha Prabhu, Ātreya Ṛṣi and myself. And we have always been consulted on all property purchases. But we now decided that we should also be consulted on property leases. Because leases are also very... They can be very disastrous also if they are improperly entered into. Especially any long-term leases. Of course, they also have to deal through their local GBC, but then they also deal with it practically. "11) It was noted that a total of $630,000 would be available for construction purposes between now and the end of 1977. $300,000 dollars is the minimum required for emergency US loans. This leaves $330,000 dollars for India. Of the $330,000 dollars, $240,000 is required to complete the pledge of one crore to Bombay. The balance should be available for the other projects in India, contingent on the Bombay project staying within its budget. That is $90,000." So this poses a problem which you partly solved already, Śrīla Prabhupāda. Surabhi Swami informed us that the original budget of a million dollars would be not sufficient, but it would reach more like one and a half million dollars. So this means that half a million dollars has to come from somewhere. So Gurukṛpā Mahārāja agreed to send 200,000 dollars. But still there will be a balance of about... Rāmeśvara said there is 100,000 left to send. So still there is going to be a balance of about 200 to 300,000 dollars needed. So we will have to find out where that can come from for finishing this Bombay project. "12) Tamāla Kṛṣṇa Mahārāja was appointed to oversee the BBT monies sent to India. He will work in collaboration with the Indian GBC." That means when they send money from overseas to be spent here, they wanted me to see that it was properly spent, along with the GBC man of the local temple. "13) It is not the BBT's business to pay for publishing children's books."

Prabhupāda: No, not...

Tamāla Kṛṣṇa: "14) All foreign language editions of BTG will include a section of the Śrīmad-Bhāgavatam."

Prabhupāda: Hm, that's nice.

Tamāla Kṛṣṇa: "15) Foreign temples will receive records for approximately 75 cents, while North American temples will pay one dollars. All profits made by the BBT for records will go to ISKCON Food Relief. Prices may increase if the costs rise. 16) Harikeśa Mahārāja will take responsibility to prepare the Māyāpura brochure. 17) The BBT Trustees for each division are responsible for setting priorities in each division." That means printing priorities. "18) The US BBT will experiment with importation of books from India as soon as..."

GBC Meets with Srila Prabhupada -- May 28, 1977, Vrndavana:

Prabhupāda: Very good.

Girirāja: Then, for the BBT, the idea would be that the principle amount should not be touched, but it can be given, you know, for loan if absolutely necessary, just as you have been doing. But the idea is that that amount should always be repaid.

Prabhupāda: On principle.

GBC Meets with Srila Prabhupada -- May 28, 1977, Vrndavana:

Jayapatākā: This evening we're going to change the names.

Prabhupāda: Eh?

Girirāja: No, no, what he's saying...

Rāmeśvara: We should consolidate the accounts. Just on paper keep it simple.

Girirāja: Yeah. And then for the BBT money the decision to give out loan should be unanimously approved by all three of us, Tamāla Kṛṣṇa, Gopāla and myself.

Prabhupāda: Yes.

Girirāja: Then the accounts in your personal name... We thought that those funds could be transferred to the Māyāpura-Vṛndāvana Fund, just as you suggested, and just keep our own account, how it is spent in terms of your desire.

Prabhupāda: Yes. You can transfer at any moment.

Discussions -- June 2, 1977, Vrndavana:

Prabhupāda: How much he has returned?

Rāmeśvara: How much have you paid back originally?

Jayapatākā: Only one payment has come through. I paid the first thing.

Rāmeśvara: No, no, no, of the seventy thousand.

Jayapatākā: No. Seventy thousand? We have no debt with BBT. We're paid up.

Rāmeśvara: How much have you paid so far?

Jayapatākā: Since April I've paid twenty-one thousand.

Rāmeśvara: He's already paid twenty-one thousand rupees of it back.

Prabhupāda: So you can take fifty thousand also. If they have returned twenty-one thousand, you can pay fifty thousand, loan more.

Gopāla Kṛṣṇa: We can pay fifty thousand...?

Rāmeśvara: He'll take a loan.

Prabhupāda: Give and take, give and take, give and take.

Room Conversation -- October 13, 1977, Vrndavana:

Prabhupāda: Where is Hari-śauri?

Tamāla Kṛṣṇa: Hari-śauri? He's bathing, Śrīla Prabhupāda. (break) ...comfortably, Śrīla Prabhupāda? Śrīla Prabhupāda? In order to finish the Bombay temple, we're making a... We're sending some money to them for completion. So we have a committee called the Māyāpura-Vṛndāvana committee. Persons on the committee are Jayapatākā Swami, Girirāja, Gopāla Kṛṣṇa, Ātreya Ṛṣi, Rāmeśvara Mahārāja, Gurukṛpā Mahārāja and myself. That committee was formed by the GBC last Māyāpura festival. So they decided that they would give a loan, because the BBT was a little short of money... The BBT sends the money to Bombay. So the BBT wants to loan some money from the Māyāpura-Vṛndāvana account in Los Angeles, and they'll pay it back with the same bank interest.

Prabhupāda: Make me centered.

Tamāla Kṛṣṇa: Make a loan from Los Angeles to the BBT, and the BBT will repay it with the regular bank interest. Is that all right? Had you given power of attorney, now that the MV trust has approved it, Girirāja and I can sign on your behalf. See, we'll never sign on our own. We only sign after we get authority from the respective committee or from Your Divine Grace.

Prabhupāda: That's all right.

Tamāla Kṛṣṇa: We're only mechanical signers.

Prabhupāda: Very good.

Room Conversation -- October 21, 1977, Vrndavana:

Gopāla Kṛṣṇa: Yes, but now we have reprinted many new titles. In total we have fifty thousand books.

Tamāla Kṛṣṇa: That's not much. You have so much distribution. (they discuss softly)

Gopāla Kṛṣṇa: Plus we are starting to construct a BBT godown. Surabhī Swami is working on that because now we are printing so many books, and also we have a big shipment of books from America that we definitely need a very huge godown in Bombay. Last time you had approved giving a loan of four lakhs for the godown.

Tamāla Kṛṣṇa: No. Three lakhs. One lakh for printing, three lakhs for the godown.

Gopāla Kṛṣṇa: (softly) No.

Tamāla Kṛṣṇa: Yes. You said that the godown would only cost three lakhs.

Gopāla Kṛṣṇa: Yes. Three to four is the estimate. (to Prabhupāda:) So we are going to start work on the godown in November.

Prabhupāda: That's nice.

Room Conversation -- October 27, 1977, Vrndavana:

Pañca-draviḍa: We have an arrangement now that Spanish BBT is sending funds every month to Hyderabad temple to finish the construction, and then, to pay back the loan that you gave, we're also sending in contributions to pay back that loan.

Prabhupāda: So, (laughs) what do I need? The money is coming from outside. Never mind.

Guest (1): There is no lack of money, Prabhupāda.

Prabhupāda: So, in the temple everything is going on?

Guest (1): Yes, it's going on.

Prabhupāda: People are coming?

Guest (1): Yes, many people are coming. It has become very...

Prabhupāda: Popular.

Guest (1): It is already popular.

Room Conversation -- October 27, 1977, Vrndavana:

Gopāla Kṛṣṇa: Yes. Tamāla Kṛṣṇa Mahārāja has just given us four lakh rupees' loan. So I have given you a report, which he has. We have twenty-two books in print now in various...

Prabhupāda: "A loan payable when able."

Gopāla Kṛṣṇa: "When able." Prabhupāda... (laughter)

Tamāla Kṛṣṇa: No, I wouldn't agree to that. I'm very strict...

Gopāla Kṛṣṇa: We are paying back the loan in time with interest.

Prabhupāda: Ātreya Ṛṣi, this kind of loan is very good.

Ātreya Ṛṣi: Very good.

Tamāla Kṛṣṇa: It's Gopāla's favorite loan.

Prabhupāda: You take loan—"payable when able." (laughter)

Gopāla Kṛṣṇa: We paid back the first BBT loan—the second three lakhs—I paid it back three months ago. (laughs)

Prabhupāda: That's all. (laughs)

Gopāla Kṛṣṇa: Śrīla Prabhupāda, we have twenty-two books in print.

Prabhupāda: Oh!

Gopāla Kṛṣṇa: In various stages of production. Printing or composing or color... In the next two months, twenty-two books are coming out. By the end of December there will be twenty-two books given to you.

Prabhupāda: Yes. Now you must have good godown. Otherwise books will be stolen.

Room Conversation -- October 27, 1977, Vrndavana:

Tamāla Kṛṣṇa: At the market.

Prabhupāda: And market it will be sold at cheap rate. Then it will reduce its importance.

Tamāla Kṛṣṇa: That was happening in Calcutta many...

Prabhupāda: Hm.

Gopāla Kṛṣṇa: I also got the loan for the godown. So in November we are starting construction of the BBT godown in Bombay.

Tamāla Kṛṣṇa: That four lakhs, two lakhs was for the godown and two lakhs for book printing.

Prabhupāda: Money you'll get. There is no scarcity. Ātreya Ṛṣi will give you.

Gopāla Kṛṣṇa: Yes, he is very rich.

Prabhupāda: Their country is very rich now.

Gopāla Kṛṣṇa: We used to send devotees to collect from these Middle East countries.

Prabhupāda: Richest country now, Middle East. Everywhere we can make Vaikuṇṭha by Kṛṣṇa consciousness. Let people understand gradually.

Gopāla Kṛṣṇa: When they see your books, that's when they really appreciate our movement.

Prabhupāda: Who has got such substantial books? Nowhere in the world.

Correspondence

1973 Correspondence

Letter to Tamala Krsna -- Calcutta 28 June, 1973:

Please let me know how much you have deposited in the BBT account since you have taken a loan of 1 lac 50,000 on the Mayapur scheme. I have advised Gargamuni Maharaja to deposit part of his collection to the BBT account against the loan. The BBT is in the Gwalior Tank Road Branch, Central Bank of India, but Gargamuni Maharaja says you have opened another account in the Indian Overseas Marine Lines. Please let me know what is this idea? I never knew of it. Your early reply will be much appreciated.

Letter to Tamala Krsna -- Bhaktivedanta Manor 20 July, 1973:

Now you have taken a loan of Rs 1,50,000 from the BBT, so with these excellent collections you are now taking I request you to fill up that debt and then collect further, and the balance I shall arrange. I have read how you have dispersed your recent collections to repay BBT, and Vrindaban construction and it is all right. Please deal cautiously and do not spend unnecessarily.

1974 Correspondence

Letter to Bali-mardana -- Bombay 13 April, 1974:

I have also seen your reports of BBT loans to temples for various projects in the upcoming months. Regarding using New Vrindaban land for building for the older Gurukula boys it is a very good idea. As for the younger children it may be better to keep them in Dallas. But there are only 100 of them; whether they actually need new buildings in Dallas? This is to be investigated and decided upon by the GBC.

Letter to Tamala Krsna -- Vrindaban 13 August, 1974:

I am in receipt of your letter dated July 27th along with BBT loan proposal. Yes, regarding the buses, Bali Mardan must give you the loan.

Letter to Ramesvara -- Vrindaban 19 September, 1974:

I am in due receipt of your letter dated September 10, 1974 with enclosed report of the BBT Loan Accounts. Your resignation will be placed before the GBC meeting at Mayapur and a decision will be taken at that time. I hope in the meantime you will come to your real condition of mind. Your duty is to carry out my orders. There cannot be any question of resignation. If anyone surrenders to Krishna wholeheartedly and engages in His service he cannot say later on I resign. It is not something like material service. Once surrendered, it cannot be withdrawn.

Letter to Hamsaduta -- Mayapur 1 October, 1974:

Regarding Spiritual Sky donating to BBT, yes it is all right if some contribution comes to BBT. It will be a welcome facility for expansion of temple activities. Regarding Paris loan, unless full consideration is made in this matter, we cannot lend money to Paris. Your calculation should not be neglected in this matter.

Letter to Madhavananda -- Mayapur 1 October, 1974:

Regarding the Parikrama in the village if they object, then don't agitate them unnecessarily. They are Christians, so why do it? You say that the houses are being put up for sale, but where is the money to buy them? What about the Life Member fees you are collecting? If you are keeping them for temple construction, they may be used to purchase these houses for the householder devotees. BBT loan is not meant for residential quarters. You purchase and they will pay rent and you get interest. Use the temple construction fund for this purpose. You say that you have gotten L50,000 in pledges, but we will require much more.

Letter to Jayatirtha -- Bombay 10 November, 1974:

I am in due receipt of your cable reading as follows: FIRST C.D. MATURED NOVEMBER SEVENTH 9858 DOLLARS INTEREST EARNED TRANSFERRED TO PUNJAB NATIONAL BANK VRINDABAN ALSO 8000 DOLLARS BBT LOAN FOR KITCHEN PROJECT MAYAPUR TRANSFERRED AMERICAN EXPRESS CALCUTTA -JAYATIRTHA.

So it is all right. I did not know it was a loan. In name money comes to India in loan but it is never repaid. In name there are so many loans, like to Spiritual Sky and now it is not beng repaid. And everyone is taking loan from BBT. That is the only source of our income. But if everyone takes loan, then how can it go on?

Letter to Ramesvara -- Bombay 14 November, 1974:

Regarding not being able to make any more loans from BBT, I think if necessary we can borrow from the bank using the fixed deposits as security. So long as the loans are not paid back to the bank we shall assure that we shall not withdraw the fixed deposits. These properties should be purchased in the name of BBT, and when the local center repays the loan, then the name can be transferred. Now you have loaned Madhudvisa Dollars 133,505.50. How will he repay? What are the terms for repayment? In France they are wanting to borrow Dollars 120,000.00. Can you arrange for this loan in January, 1975? I understand that Spiritual Sky is not able to repay its loan now. This rule must be strictly followed that 50% paid for printing and 50% paid for property and building loans.

Letter to Ramesvara -- Bombay 25 November, 1974:

No, we cannot loan BBT money for any other purpose than what is mentioned in the BBT Agreement. These other loans for cows, equipment, and restaurants must all be re-paid, and no other loans other than for publishing and temple construction can be granted.

Letter to Hamsaduta -- Bombay 27 December, 1974:

I have just received one letter from Tamala Krishna Goswami which is very encouraging regarding his preaching program in the United States. He has requested to take a loan from BBT for $30,000 to purchase three more buses. I fully authorize this. Therefore please do the needful. Fifty percent of BBT funds ar for printing books and fifty percent are for construction of temples. So these buses are like temples, moving temples. Therefore you should give him the loan.

Letter to Jagadisa -- Bombay 28 December, 1974:

There are so many churches actually they should give us these churches free, if they were actually God-conscious. But they are sectarian. Anyway purchase this church immediately. It is not very costly. $200,000 you can arrange. If it is available from BBT at this time then I have no objection. You can make the $150,000 loan from BBT. I do not know though if that much is available.

Letter to Tamala Krsna -- Bombay 28 December, 1974:

There is so much wonderful potential in USA for this type of program. So organize hundreds of such parties. This is fulfilling the mission of Sri Caitanya Mahaprabhu. I am very glad to hear that not only you are maintaining such program but that you want to expand it. Yes, this is our philosophy; anandambuddhi vardhanam. It means to expand or to increase. Therefore I strongly encourage you to double your program by getting three more buses if you can do it. There is no difficulty. BBT will help. I have written Hamsaduta one letter to give you the loan of $30,000. BBT means fifty percent is for printing books and fifty percent for construction of temples. So your buses are all moving temples. Don't worry. There will be no scarcity of money. Go on with your program and increase and increase more and more.

1975 Correspondence

Letter to Ravindra Svarupa -- Honolulu 2 February, 1975:

Regarding your question about the loan for the building, Ramesvara and Jayatirtha have suggested that you be given a 4,000 dollar loan from the BBT. So, I think that will be nice.

Letter to Rupanuga -- Honolulu 2 February, 1975:

According to Jayatirtha prabhu, Jagadisa's proposal for BBT loan has already been rejected.

Letter to Giriraja -- Evanston, Illinois 4 July, 1975:

All money sent to Bombay from L.A. is BBT money and must be paid back by you to the BBT account in Bombay. The money sent to you is on loan basis and must be paid back. You can pay back conveniently. We shall help you, but you must pay back.

Letter to Nalinikanta -- Bombay 21 November, 1975:

I am in due reciept of your letter of November 9, 1975 and also your telegram to Brahmananda Swami reading as follows: "ASK SRILA PRABHUPADA IF WE SHOULD BUY SMALL CHURCH IN PHOENIX TWO BLOCKS FROM UNIVERSITY WITH $15,000 to $20,000 LOAN FROM BBT. WIRE BACK IMMEDIATELY AS MAY BE SOLD SOON. NALINIKANTA." So this matter I cannot say because I do not know what money is available. You have to consult this with Ramesvara.

Letter to Hrdayananda -- Vrindaban 7 December, 1975:

Yes you print all my books, if you can sell then why not print. Print as much as possible and store them if necessary. But you must pay regularly the BBT loans that is not to be neglected.

1976 Correspondence

Letter to Jayatirtha -- Calcutta 13 January, 1976:

Regarding Yamuna and Dinatarine, they want to live independently, that is the defect. A woman cannot live independent. According the the Vedic culture a woman is always to be protected by a man. Why they should purchase a house? We already have Los Angeles. If they want they can have a separate asrama supported independently of ISKCON. Every woman in America has money, so why do they want support? No, the BBT cannot give them loan. You may check that they are chanting and following the rules but do not get involved with their management. So far your suggestion that they sew clothes for the sannyasis Deities it is not possible. Sannyasis may have no connection with women.

Letter to Jagadisa -- Mayapur 22 January, 1976:

Another thing, is that you are expecting a BBT loan of $150,000. but the BBT has already taken responsibility for Bombay, Kuruksetra, Mayapur, so this money has to go to India. Therefore, I do not think the BBT can give this loan. Actually it is the responsibility of the parents to maintain Gurukula. By taxing the Temples or taking loan from the BBT the parents are being allowed to avoid their responsibility. Before having a child the parents should see whether they shall be able to pay for their child's education. The GBC should make an injunction that if they beget children, then whatever the expenses are for supporting Gurukula they must pay for it. In another letter to Jayatirtha I have suggested how the parents can earn money for their children's support. So you can discuss everything together and do the needful.

Letter to Jayatirtha -- Mayapur 22 January, 1976:

Business must be done by the grhasthas, not by the sannyasis or brahmacaris. Neither the sannyasis or brahmacaris can be expected to support Gurukula. The parents must take responsibility for their children, otherwise they should not have children. It is the duty of the individual parents. I am not in favor of taxing the Temples. The parents must pay for the maintenance of their children. Neither can the BBT be expected to give any loans. Now the BBT 50% for construction is pledged to the projects in India—Bombay, Kuruksetra, Mayapur. The profits from the businesses should first go to support Gurukula and balance may be given for the local Temple's maintenance. Grhasthas can do business.

Letter to Satsvarupa -- Mayapur 22 January, 1976:

The church proposal in Houston is a good offer. I think somehow or other the BBT must give you loan for it is a worthy cause. The photographs of the St. Louis farm appear very nice. There seems to be ample grazing ground. In India you can't get such nice land, but there is enough good land in America. Just introduce this new type of Krishna Conscious civilization and the whole world will thank you.

Letter to Ramesvara -- Mayapur 23 January, 1976:

Another point is that BBT cannot give loan to Dallas for Gurukula construction. That is not possible. Jagadisa Prabhu is expecting a loan of $150,000 from the BBT. So I have told him that the money is already needed for construction here in India, in Bombay, Kuruksetra, and Mayapur. The best thing is that Gurukula should be moved to India.

Letter to Giriraja -- Honolulu 5 May, 1976:

Now, I originally owed Rs. 59,000/-, and I sent 2 telegraphic transfers totalling Rs. 23,654/32 from Melbourne, Australia (see my letter dated 27th April, 1976 to you). So this left the balance at Rs. 35,345/68. However, I gave you Rs. 5,000/- when I (by transfer also) was in Bombay, so the remainder is Rs. 30,345/68. Now, this check for U.S. $2,871.45 is approximately Rs. 25,411/06 at the rate given here of U.S. 11.3 cents equals one rupee. So this leaves the balance at Rs. 4,934/62. This amount will be paid by Yasodanandana Swami. He will give Rs. 5,000/- towards the Bhaktivedanta Book Trust account 16066, and the remainder of the loan, Rs. 10,000/- will be paid into my personal account at the Punjab National Bank, Krishna Balarama Mandir branch, savings fund account number 1. In this way he can repay the loan of Rs. 15,000/- and my debt to the BBT will thus be cleared.

Letter to Ramesvara -- Honolulu 26 May, 1976:

Bhagavan das owes money on a loan which he got for purchasing the Chateau. He can return that money for being used to loan to London to purchase their new temple. Then you will not have to lay out that money from Los Angeles as you mentioned that funds are low this time. Between French and German book sales, it may be possible to loan this money to London. I am sending a copy of this letter to Jayatirtha and Bhagavan to discuss this matter. Since you are all BBT Trustees, you can discuss and come up with some idea how this can be done.

Letter to Kurusrestha -- Vrindaban 5 September, 1976:

I am in due receipt of your letter dated August 23, 1976 and have noted the contents with care. Your scheme to purchase that building with BBT loan is fully approved by me.

Letter to Adi-kesava -- Mathura, India 24 November, 1976:

I have studied all the letters and clippings in our support. It is very good. This is very important. By Krsna's grace, due to this apparent setback, now this Movement will become more prominent. Sometimes these tactics are also employed in military encounters. Temporarily retreating, then coming forward with stronger force than before. You may consult with Tamala Krsna and Ramesvara and whatever expenditure is required for emergency legal costs may be loaned from the BBT. We must spend for this purpose.

1977 Correspondence

Letter to Bali-mardana -- Calcutta 16 January, 1977:

I am in due receipt of your letter dated Jan. 6th along with photographs and have noted the contents. Yes take this house at any cost. It is very nice from the photographs, just suitable for our purposes. You should purchase it at once. If required, you can have a loan from BBT for the renovation.

Page Title:BBT loans
Compiler:Visnu Murti
Created:19 of May, 2010
Totals by Section:BG=0, SB=0, CC=0, OB=0, Lec=0, Con=17, Let=28
No. of Quotes:45