Dom Orchard’s 1953 “A Catholic Commentary on Holy Scripture,” observes: It is the teaching of the Church that the Old Testament Scriptures were transferred to her ownership by Christ himself in view of her position as the new “Israel of God” and the heir of the OT promises; and that the New Testament Scriptures being written within the Church by some of its members for the benefit of all (or more precisely, within the society of the Catholic Church by Catholics and for Catholics),
are likewise her exclusive property, of which she is the absolute Owner, Guardian, Trustee and Interpreter.