Due to the financial conditions prevailing after the First World War, the rate of interest that the Commissioners would need to pay on what they would have to borrow to capitalise these payments had risen to over 5%.
[3] A few hard-line pro-disestablishment Nonconformist Liberals such as David Davies, MP, and journalist and former Member of Parliament W. Llewelyn Williams opposed this partial re-endowment,[2] but the political situation had changed.
Liberal MPs who had favoured disendowment, and Conservatives who had formerly opposed it, were now all supporters of Lloyd George's Coalition Government[4] By 1919 most Members of Parliament just wished to get disestablishment implemented.
Bishop Owen of St David’s wrote a leaflet detailing the financial position that disendowment would place the Church in Wales in and the fact they could not appeal against it.
The sections relating to disestablishment generally and retention of the rights of marriage still remain in force, although the former are covered mainly by the Welsh Church Act 1914.