<sod>Soon after becoming the Metropolitan Mar Thoma VII continued to discuss with [[Colin Macaulay|Col. Macaulay]], the British resident, and the church decided to deposit as loan in perpetuity a sum of 3000 Poovarahan (a poovarahan, known as Star Pagoda had a market value of £475 in 2002). The deposit was handed over to Col. Maccaulay on 1 December 1808 and he issued the receipt. The agreement stipulated that interest should be paid to the Malankara Metropolitan. This deposit is now known as ''Vattipanam''.<ref>Mathew, P. V. Nazrani Christians of [[Kerala]]. (Malayalam), p. 248.</ref><eod>
<sod>Soon after becoming the Metropolitan Mar Thoma VII continued to discuss with [[Colin Macaulay|Col. Macaulay]], the British resident, and the church decided to deposit as loan in perpetuity a sum of 3000 Poovarahan (Market value of a poovarahan, known as Star Pagoda had a market value of Rs 3.50 in 2002).<ref>http://www.talentshare.org/~mm9n/articles/Indian%20Christianity/CHAPTER%20TEN.htm</ref> The deposit was handed over to Col. Maccaulay on 1 December 1808 and he issued the receipt. The agreement stipulated that interest should be paid to the Malankara Metropolitan. This deposit is now known as ''Vattipanam''.<ref>Mathew, P. V. Nazrani Christians of [[Kerala]]. (Malayalam), p. 248.</ref><eod>