Report on the Charities of the Merchant Taylors' Company

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Centre for Metropolitan History

Publication

Author

City of London Livery Companies Commission

Year published

1884

Pages

363-394

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'Report on the Charities of the Merchant Taylors' Company', City of London Livery Companies Commission. Report; Volume 4 (1884), pp. 363-394. URL: http://british-history.ac.uk/report.aspx?compid=69723 Date accessed: 19 April 2014. Add to my bookshelf


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Contents

MERCHANT TAYLORS' COMPANY. Mr. Hare's Report.
Alston's Charity.
Dr. John Andrew's Exhibition.
Barker's Charity.
Bigg's Charity.
Charity of Walter Bigg.
Blundell's Charity.
Boone's Charity.
Charity of Christopher Boone.
Ralph Bolton's Charity.
Braybrooke's Charity.
Candish's Charity.
Chadwick's Charity.
Church's Charity.
Francis Clarke's Charity.
Colborn's Charity.
Conyers' Charity.
Coventry's Charity.
Sir William Craven's Charity.
Creek's Charity.
Dandy's Charity.
Donkin's Charity.
Dowe's Charity.
Dame Ducie's Charity.
Elwes' Charity.
Fish's Charity.
Sir William Fitzwilliam's Charity.
Sir James Gore's Charity.
Gray's Charity.
Gulston's Charity.
Sir John Hanbury's Charity.
J. Harrison's Charity.
Charities of Robert Hawes and others.
Heydon's Charity.
Heyman's Charity.
Hilles' Charity.
Holland's Charity.
Howden's Charity.
Hull's Charity.
J. Hyde's Charity.
Jenkinson's Charity.
Juxon's Charity.
Mason's Charity.
Lady Jane Maynard's Charity.
Moore's Charity.
Osmotherlaw's Charity.
Robert Parker's Charity.
William Parker's Charity.
Parkin's Charity.
Parry's Charity.
M. Parson's Charity.
Sir John Percival's and Dame Thomasine Percival's Charities.
Pitt's Charity.
Wm. Priestly's Charity.
Proctor's Charity
Dame Mary Ramsay's Charity.
Renneck's Charity.
Sir Abraham Reynardson's Charity.
Richards' Charity.
T. Roberts' Charity.
Sir Thomas Rowe's Charity.
Shepham's Charity.
Solly's Charity.
Spencer's Charity.
Charities of Stint, Rawthorne, Lane, and Lee.
Stuart's Charity.
Sutton's Charity.
Thomlinson's Charity.
Charities of Thomas and Susannah Townsend.
Tressawell's Charity.
Tudman's Charity.
W. Tudor's Charity.
Sir William Turner's Charity.
Vernon's Charity.
James Wilford's Charity.
John Wilford's Charity.
John Williams' Charity.
Wooller's Charity.
Woolley's Charity.
Prisoners' Fund Account.
Footnotes

MERCHANT TAYLORS' COMPANY. Mr. Hare's Report.

TO THE CHARITY COMMISSIONERS FOR ENGLAND AND WALES.

In pursuance of a Minute of the Board of the 7th day of November 1862, I have inquired into the condition and circumstances of the following Charities under the management of the Merchant Taylors' Company of the City of London, and I have stated in the Report under the head of each specific Endowment the result of my investigation.

The Merchant Taylors Company under the style of "The Master and Wardens of the Merchant Taylors of the Fraternity of St. John the Baptist, in the City of London," consists of—

The Master and four Wardens and Court of Assistants.

The freedom of the Company is obtained by patrimony, redemption, and servitude. The number of freemen is not known, but they are supposed to diminish in number.

Alston's Charity.

Judith Alston in 1687 gave to the Company 300l. to pay,—

£s.d.
To the vicar of St. Giles', Cripplegate, for the use of the poor500
To the vicar of St. Andrew, Holborn500
To the vicar of St. Mary, Whitechapel500

The bonds stated by the Commissioners of Inquiry to have been given for these sums are probably not in existence, and if they were, would not, I apprehend, be available by the successive incumbents. No special investment exists in respect of the donation, but it forms a charge on the corporate funds.

The three sums of 5l. per annum are paid to the three incumbents upon their several receipts.

Dr. John Andrew's Exhibition.

Dr. John Andrew, by his will of the 15th May, 1747, directed all his stock in the Bank of England to be sold out and invested in the purchase of a freehold estate, and that the rents (after the payment of certain life estates) should be paid to Trinity Hall, Cambridge.

And he directed that four new scholarships from the Merchant Taylors' School should be founded, each to receive 5l. quarterly, and that the remainder of the rents should be invested in Government securities until there should be raised 20,000l. to be laid out in additional buildings to the said college; and after such 20,000l. should be raised, he directed that four new civil law fellowships should be erected and added to their number.

And the testator gave to his brother William 1,050l. for the support of his son John for life, and after his decease to the said college.

And he gave to his brother's son William the dividends of 500l. Bank Stock for life, the said stock to be transferred to the said college.

The arrangements for carrying out this bequest between the representatives of the testator and the Merchant Taylors' Company were made under a decree of the Court of Chancery of the 21st June, 1802 which is set forth in the Report of the Commissioners of Inquiry (vol. 17, page 453). The sum agreed to be accepted by the Company in satisfaction of the bequest was accumulated to the sum of 10,140l. Consols at the time of the last enquiry, and at the end of 1861 the amount of the capital applicable to this charity was 13,446l. 16s. Consols, producing an annual dividend of 403l. 8s. 2d.

There are six exhibitioners of 60l. each at St. John's College, Oxford. They are chosen from the Merchant Taylors' School according to rule set forth in the indenture of the 6th February 1801, which provided that the money should be paid to the Company for establishing six scholarships or exhibitions so soon as the funds and accumulating interest would admit thereof at 50l. per annum each, to be elected from the said school, and taken out of the bench or table thereof from among such as had been four years at least scholars in the said school, or from such other persons as had been at the bench or table and in the school four years, but had left the said school, not under 16 nor above 20 years of age at the time of election, who were to continue 12 years and not longer, and to be accounted civil law scholars or civil law exhibitioners, with such other provision respecting their residence and accommodation and studies at college as therein mentioned.

The following were the proposals agreed to between the Company and the President and Scholars of St. John's College, Oxford, which received the sanction of the Court of Chancery.

That the sum of 2,610l. cash, with interest at 5 per cent., and 2,666l. 13s. 4d. Consols, to be allotted out of the funds in the name of the accountant-general in trust in the cause to remain in the name of the accountantgeneral, and the dividends to be paid to the Company for establishing six scholarships of the said College, as soon as the said funds and accumulating interest will admit, and that such number of the said six scholarships be in the meantime established at 50l. per annum each, as the Company should think proper.

Such scholars to be elected at the Feast of St. Barnabas by the said Company, with the assent of the President or Vice-President and two senior Fellows of the said College, in the chapel of the grammar school of the said Company, immediately after the election is had and made of the scholars directed by Sir Thomas White, Knight, deceased, formerly one of the assistants of the said fraternity, to be elected from the said Merchant Taylors' School and admitted into the said College, and such scholars to be taken out of the bench or table of the said school who have been scholars of the said school four years at least, or from such other persons who have been at the bench or table and in the school for four years, but have left the said school, not under 16 or above 20 years of age at the time of election, and to continue 12 years and not longer, and to be accounted civil law exhibitioners.

To remain unmarried and to reside at the College for the same time in every year as the commoners of the said College are required to reside, and to proceed regularly to their law degrees, and that after the first four years, during the remainder of the term for which they hold their scholarships, they shall reside at least 30 days in every year.

The scholars to be provided with residence within the College for the first four years, they paying for their rooms the same rent which the commoners do, and to observe all the rules of the College; and the scholarships to become vacant in case of any scholar entering into holy orders, marrying, or entering into any employment incompatible with the practice of the civil law, or by resignation of such scholar or expulsion by the College, or by quitting the said College, or on any other account; on a vacancy to a scholarship the College to certify the vacancy to the said Master and Wardens.

In case of a vacancy of a scholar not exceeding six months, the pension to go to the immediate succeeding scholar, and if longer than six months to constitute a part of the accumulated fund.

These rules have not undergone any change, but the stipends have been increased to 60l. each.

After paying the amount of these scholarships to the holders annually, or so far as they are full, the surplus income is added to the capital from which, according to the present disposition of the Company, it is intended to increase the annual stipends, as the fund may hereafter admit.

They are at present full, and on the occasion of a vacancy the election is made in June.

There is not an election annually.

It appears by the following table that during the 10 years there has been on an average less than two annually:—

18533
18542
1855Nil.
18561
1857Nil.
1858Nil.
18594
18604
18612
1862Nil.

Exhibitions founded by Dr. John Andrew.

By an Order of the Board, dated 10th December 1875, it was provided by way of scheme that the annual value of each of these exhibitions which should thenceforth be five in number, should be raised to the sum of 86l., and that the same should be tenable for not more than five years, and that the Company should have power from time to time, subject to the approval of the Board, to frame rules and regulations for the election and examination of candidates for such exhibitions or scholarships.

The following regulations were sanctioned by an Order of the Board, dated 19th May 1876, namely—

1. The election of candidates for the said exhibitions or scholarships, which are henceforth to be five in number, of the value of 86l. a year each, and tenable for a period of not more than five years, shall be made by the Master, Wardens, and Court of Assistants of the Merchant Taylors' Company, and the President or Vice-President, and two Fellows of St John's College, Oxford, or such of them as shall be present at and take part in the election on St. Barnabas' Day at Merchant Taylors' School, immediately after the election of Sir Thomas White's scholars.

2. At the date of election, candidates must be in the head form of the Merchant Taylors' School, and not under 16 or above 20 years of age, and must have been in the school at least four years.

3. Candidates shall be examined by examiners appointed for the purpose by the said Master and Wardens; and in order to be eligible for election must satisfy the examiners that they have attained such a knowledge of classics and mathematics as would enable them to pass the responsions examination in their first term at Oxford, and the election shall be made from the candidates who satisfy that test according to their proficiency in history and modern languages, except that, in any case in which there shall be no duly qualified candidate whose proficiency in history and modern languages is considered to entitle him to election, a candidate may be elected for proficiency in any branch of study.

4. The exhibitions are to be paid half-yearly at Christmas and Midsummer, and each exhibitioner will be required to become and remain a member of St. John's College, Oxford, and must, during the first four years after he shall have proceeded to the University, or until he shall have taken some degree in the University, produce before any half-yearly payment on account of the exhibition is made, a certificate from the President or Vice-President of that College of his residence, good conduct, and satisfactory progress, down to the end of the academical term next preceding the time fixed for such payment.

5. The exhibitions will be tenable for five years from the date of election, but any exhibition will be rendered vacant by the resignation or expulsion from the College of the exhibitioner, or by the exhibitioner's name being taken off the books of the College, or by his ceasing to reside during an entire academical year without good cause to be allowed by the President or Vice-President of the College, and any exhibition may be declared vacated by the Master and Wardens, if the exhibitioner shall fail to produce such certificate from the President or Vice-President of the College as is required by the last regulation, or in such case the Master and Wardens may hold the exhibitioner disentitled to any halfyearly payments of the exhibition without depriving him of the exhibition altogether.

6. Pending the establishment of a regular recurring vacancy in each year, the Master and Wardens reserve to themselves the power of suspending the election to any exhibition over and above one in each year.

7. The Master and Wardens reserve to themselves the power to add to the corpus of the exhibition fund any unapplied income that may arise, under the last preceding regulation or otherwise, from any exhibitions which during any period cease to be payable wholly or in part, and to increase the value of the exhibitions hereafter at their discretion out of the improved income.

Barker's Charity.

Reynold Barker, by deed of the 21st September 1608, granted to the Company certain lands at Bow, Essex, to bestow the rents amongst the poor almsmen and almswomen in the Company's almshouses.

The estate of this Charity consists of about one acre and two roods of landon the parish of Stratford-le-Bow, bounded by the high road from London to Stratford on the south, and property belonging to the Corporation of London to the N.N.W. and N.E., and intersected by the River Lea.

It is at present let in two portions:—

£s.d.
1.—The houses (being a public house and cottages) situated on the high road, are demised by a lease of the 21st March 1858 to Messrs. Charrington, Head, and Co., Brewers, for 21 years, from Lady Day 1858, at15000
2.—The remainder, consisting of the land at the back abutting on the river and dock, and on which warehouses and buildings have been erected, are demised to Messrs. Howards, Manufacturing Chemists, for 21 years, from Lady Day 185810000
25000

The sum of 250l. a year is carried to the Almshouse Account without any deduction.

Bigg's Charity.

Walter Bigg, by an indenture of the 6th June 1659, assigned to the Company a messuage in St. Gilesin-the-Fields, Middlesex, for the remainder of a term of 1,000 years, in trust to bestow the rents thereof in manner following:—

£s.d.
To 4 poor men of the Company1000
To 10 poor persons of Wallingford, Berks1000
To the Free Grammar School at Wallingford1000

The property is situated at the back of Great and Little Denmark Street, Soho, in the parish of St. Giles, and is let by lease of 11 July 1809 to Joseph Seger, for a term of 61 years, from Midsummer 1806, at a rent of 80l.

It appears to be entered from a court in Little Denmark Street, through which there is an access into Lloyd's Court. It is bounded on the east by Little Denmark Street, on the north by the backs of the houses in Great Denmark Street, on the south by Lloyd's Court, and on the west by houses at the back of Crown Street.

The distribution of the rent is made pro ratâ according to the original gift of 30l. a year.

The sum thus appropriated to the poor of the Company amounts to 26l. 13s. 4d., which is given to four pensioners, being free of the Company, in the sum of 6l. 13s. 4d. each.

The pensioners are not elected under 50 years of age, and being once elected are continued as pensioners unless removed for a good cause. The pensions may be held with some other pension from other Charities.

The remaining two-thirds, amounting to 53l. 6s. 8d., is annually paid over to the treasurer of the Wallingford Municipal Charities, and is suffered to be applied by them, according to the terms of the foundation, amongst the poor, and for the grammar school.

Charity of Walter Bigg.

This property, known as Nos. 3, 4, and 5, Little Denmark Street, St. Giles, is now (1882) let to Messrs. Crosse and Blackwell, at the rent of 350l. a year.

In consequence of the increase of the annual income available for the benefit of the poor freemen of the Company, by an order of the Board, dated 28th July 1874, it was directed by way of scheme that the annual pensions payable to four poor freemen of the Company should be increased from 6l. 13s. 4d. to 12l. each, and that the residue of the income thereof, which should remain after providing for the payment of such augmented pensions, should be applied in paying yearly pensions of 10l. each, to be awarded under such reasonable regulations as might be prescribed by the Company unto deserving poor freemen, or the widows or orphan daughters of such freemen, all of whom should be called "Bigg's Pensioners."

Blundell's Charity.

Peter Blundell, by his will of the 9th June 1599, gave to the Company 150l. to purchase lands, &c., out of which 2l. was directed to be paid to the poor prisoners in Newgate, London.

The rentcharge of 2l. is upon a house in Threadneedle Street, and is paid annually to Mr. Temple at the Guildhall, for administration by the Corporation of London.

Boone's Charity.

A full account of this endowment is set forth in my report of the 2nd July 1862, made on the occasion of the application of the Company for a new scheme in consequence of the increased income of this Charity.

The estate is situated in the parish of Lee, and consists mainly of 22a. 3r. 26p. of land, bounded partly by the road from London to Eltham (through Lewisham) and partly by the Church Lane, which separates it from the almshouses of the Company.

There is also a small detached plot at the corner of Church Lane, Lee Road, and the lands which are occupied by the Chapel, almshouses, and gardens which face the same road from London to Eltham.

The main portion of the property has lately been let under an agreement for building to Messrs. Todd, builders, under which leases, which have received the sanction of the Board, have been granted as follows:—

Re Christopher Boone's Charity. Particulars of Leases granted by the Company.

Premises.Lessees.Term of Years.Commencement of Term.Annual Rent.
£
Belmont Lodge, Belmont, Lee, Kent.Alfred Nelson Cherrill98Michaelmas, 185430
No. 4, BelmontFrederick Le Gros Clark96 and a halfLady-day, 18565
" 5 "John Gillespie96Michaelmas, 18565
" 6 "Henry George Noyes96Michaelmas, 18565
" 7 "John and Christopher William Todd96 and a quarterMidsummer, 18565
" 8 "William Abidah Heddy96 and a halfLady-day, 18565
" 9 "John and Christopher William Todd98Michaelmas, 18545
" 10 "Sarah Remnant96 and three quarters.Christmas, 18555
" 11 "Sarah Elizabeth Weir90 and a halfLady-day, 186215
" 1 & 4, Blessington RoadWilliam Delterier97Michaelmas, 18554. No. 1.
8. No. 4.
" 3 " "Lewis Glenton94 and a halfLady-day, 18584
" 5 " "Lewis Glenton94 and a halfLady-day, 18584
" 6 " "John and Christopher William Todd94 and a quarterMidsummer, 18584
" 7 " "Lewis Glenton94 and a halfLady day, 18584
" 8 " "Mary Gertrude Anne Vallance90 and three quarters.Christmas, 18614
Carried forward£112
Brought forward £112
No. 9, Blessington RoadLewis Glenton94 and a halfLady-day, 18584
" 10 & 12 " "John and Christopher William Todd94 and a quarterMidsummer, 18584. No. 10
4. No. 12.
" 11 & 13 " "John and Christopher William Todd94Midsummer, 18584. No. 11.
4. No. 13.
" 14 " "Christopher William Todd94 and a halfLady-day, 18588
" 15 & 17 " "John and Christopher William Todd94Michaelmas, 18584. No. 15.
4. No. 17.
" 16 " "John Hodder Bussell93 and a halfLady-day, 18594
" 18 " "Thomas Osborn Todd93Michaelmas, 185912
" 19 " "Abraham Hammond94Michaelmas, 185912
" 20 " "Thomas Osborn Todd93Michaelmas, 185912
" 21 " "John Novard94Michaelmas, 185812
" 22 " "Thomas Osborn Todd93Michaelmas, 185912
" 23 & 25 " "John and Christopher William Todd93 and a halfLady-day, 18594. No. 23.
4. No. 25.
" 24 " "Thomas Osborn Todd93Michaelmas, 185912
" 26 & 28 " "John and Christopher William Todd93Michaelmas, 18594. No. 26.
4. No. 28.
" 27 & 29 " "John and Christopher William Todd93 and a halfLady-day, 18594. No. 27.
4. No. 29.
" 30 & 32 " "John and Christopher William Todd93Michaelmas, 18594. No. 30.
4. No. 32.
" 31, 33, 35, & 37, Blessington Road.George Todd94Michaelmas, 18584. No. 31.
4. No. 33.
4. No. 35.
4. No. 37.
" 36, Blessington RoadGeorge Rapsey Hodge91 and a halfLady-day, 18613
" 38 " "John and Christopher William Todd91 and a halfLady-day, 18613
" 39 & 41 " "William Delferier94 and a quarterMidsummer, 18584. No. 39.
4. No. 41.
" 40 " "Thomas Bond Sprague91 and a halfLady-day, 18613
" 42 " "John and Christopher William Todd92Michaelmas, 18606
" 43 " "John and Christopher William Todd95Michaelmas, 18573
" 45 " "John and Christopher William Todd95Michaelmas, 18573
" 47 " "William Delferier94 and a halfLady-day, 18584
" 48 & 50 " "John and Christopher William Todd93 and a halfLady-day, 18593. No. 48.
3. No. 50.
" 49 " "John and Christopher William Todd95 and a quarterMidsummer, 18573
" 51 " "John and Christopher William Todd95 and a quarterMidsummer, 18533
" 53 " "John Nevard96Michaelmas, 18563
" 55 " "Abraham Hammond96Michaelmas, 18563
" 57 " "Abraham Hammond94Michaelmas, 18552
" 59 " "John Nevard94Michaelmas, 18552
" 61 " "George Todd98Michaelmas, 18543
" 1, Torrington VillasJohn and Christopher William Todd94 and a halfLady-day, 18582
" 2 "John and Christopher William Todd94 and a halfLady-day, 18582
" 3 "John and Christopher William Todd94 and a halfLady-day, 18582
" 4 "John and Christopher William Todd94 and a halfLady-day, 18582
" 5 "John and Christopher William Todd95Michaelmas, 18572
" 6 "John and Christopher William Todd95Michaelmas, 18572
" 7 "John and Christopher William Todd94 and a halfLady-day, 18582
" 8 "John and Christopher William Todd94 and a halfLady-day, 18582
" 9 & 10 "John and Christopher William Todd94 and a quarterMidsummer, 18582. No. 9.
2. No. 10
" 11 and 12 "John and Christopher William Todd93 and a halfLady-day, 18593. No. 11.
3. No. 12.
" 13 and 14 "John and Christopher William Todd93 and a halfLady-day, 18603. No. 13.
3. No. 14.
" 1 Marlborough RoadJohn and Christopher William Todd92 and a halfLady-day, 18602.
" 2 " "John and Christopher William Todd91 and a halfLady-day, 18616.
" 3 " "John and Christopher William Todd92 and a halfLady-day, 18602.
" 4 " "John and Christopher William Todd91 and a halfLady-day, 18616.
" 5 " "John and Christopher William Todd91 and three quarters.Christmas, 18603.
" 6 " "John and Christopher William Todd91 and a quarterMidsummer, 18616.
" 7 " "John and Christopher William Todd91 and three quarters.Christmas, 18603.
" 8 " "John and Christopher William Todd91 and a quarterMidsummer, 18616.
" 9 " "John and Christopher William Todd91 and a quarterMidsummer, 18613.
" 10 " "John and Christopher William Todd90 and three quarters.Christmas, 18616.
" 11 " "John and Christopher William Todd91 and a quarterMidsummer, 18613.
" 12 " "John and Christopher William Todd90 and three quarters.Christmas, 18616.
" 14 " "John and Christopher William Todd90 and three quarters.Christmas, 18616.
" 7, Middleton RoadJohn and Christopher William Todd91 and a quarterMidsummer, 18616.
£42600
In addition to the above, leases of other property belonging to this endowment are in the course of preparation, the annual rental of which will amount to £18400
The rent charge from the City of Hereford £4000
The rent of the detached plot in Church Lane, let to Lewis Glenton, under an agreement for building £1200
Easement £010
66210

Charity of Christopher Boone.

The following Leases have been subsequently granted with the sanction of the Charity Commissioners.

Premises.Lessees.Term of Years.Commencement of Term.Annual Rent.
£s.d.
No. 8, Belmont Park (formerly called Middleton Road.)George Fredk. Wenborn8729 Sept. 186510100
" 9 Do.Do.87Do.10100
" 10 Do.Do.87Do.10100
" 11 Do.George Robert Scott87Do.10100
Havelock Villa, Lee RoadWilliam Leonard92¾25 Dec. 1859300
Clyde Villa, Lee RoadDo.92¾Do.300
No. 5, Belmont ParkGeorge Fredk. Wenborn86¾25 Dec. 1865800
" 6, Belmont ParkDo.86¾Do.800
" 4, Belmont ParkDo.86¼24 June 1866800
" 1, Belmont ParkDo.86¼Do.800
" 2, Belmont ParkDo.86¼Do.800
" 3, Belmont Park (formerly called Middleton Road.)Richard Westall86¼Do.800
" 12 Do.George Fredk. Wenborn8629 Sept. 1866550
" 13 Do.Lewis Glenton86Do.200
" 14 Do.John Christian Church86Do.200
" 19 Do.George Fredk. Wenborn85½25 March 1867500
" 26 Do.Do.85½Do.400
" 27 Do.Do.85½Do.400
Stables and coachhouses at Lee, Kent, and the roadway leading thereto from Belmont Park.Do.85½Do.1000
No. 16a, Brandram RoadDo.85¼24 June 1867300
" 17 Do.Do.85¼Do.300
" 17a Do.Do.85¼Do.300
" 20, Belmont ParkDo.8529 Sept. 1867300
" 21 Do.Do.85Do.309
" 22 Do.Do.84¾25 Dec. 1867300
" 25 Do.Do.84¾Do.300
" 34, Blessington RoadGeorge Bush84¾Do.8100
" 34a Do.Do.84¾Do.8100
" 18, Belmont ParkGeorge Fredk. Wenborn84½25 March 1868200
" 18a Do.Do.84½Do.200
" 17 Do.Do.84¼24 June 1868200
" 23 Do.Do.84¼Do.200
" 24 Do.Do.84¼Do.200
" 15 Do.Do.8429 Sept. 1868200
" 16 Do.Do.84Do.200
Garden Ground adjoining No. 24, Belmont Park.John Wilson83¾25 Dec. 1868300
No. 4, Oxford VillasLewis Glenton83¼24 June 18693176
" 5 Do.Do.83¼Do.3176
Ground and 1st house west of Brandram Road.Wm. Hancock8029 Sept. 18791200
Ground and 2nd house west of Brandram Road.Wm. Greaves80Do.200
Ground and 3rd house west of Brandram Road.Do.80Do.200
Ground and 4th house west of Brandram Road.Do.80Do.400
£63700 (fn. 1)

Ralph Bolton's Charity.

Ralph Bolton, by a deed poll of the 27th February 1648, gave to the said Company 466l. 13s. 4d. on condition that they should pay yearly 20l. towards the maintenance of a free school at Audlem, in the county of Chester. The Company pay 20l. per annum to the master of the grammar school at Audlem, in Cheshire.

Braybrooke's Charity.

Gerard Braybrooke, by his will, gave 2l., of which 6s. was for an obit, at St. Martin Outwich, and the residue for the Company.

The sum of 2s. 3d. a year, which is the entire charitable charge, is paid to the churchwardens of St. Martin Outwich annually.

Candish's Charity.

Hugh Candish, by his will of the 29th May 1640, gave to the Company messuages and tenements in St. John Walbrook and St. Mary Fenchurch, to pay—

s.d.
To the wardens and officers of the Company118
For certain superstitious uses in St. Martin Outwich68
And the residue for the Company.

Notwithstanding the gift of the residue of this estate to the Company for their own use, they apply the entire residue to charitable purposes.

After the small payment to the officers of the Company and 1s. 7d. to St. Martin's Outwich, and the 15s. 1d. to the Company in respect of their purchase of the superstitious charges (confirmed by the Statute of the 4th James I., for which see my report on the Fishmongers' Company), the residue of the rents, amounting in the last year to 168l. 11s. 8d., was carried to the almshouse account.

The property consists of a house No. 30, Fenchurch Street, bounded on the west by premises belonging to Christ's Hospital, and extending backwards 64 feet. It is let to Thomas Snelling, oilman, for a term of 21 years from Lady-day 1847, at a rent of 170l.

Chadwick's Charity.

James Chadwick, by will of the 4th April 1679, gave to the Company 100l. to pay to four poor women 5s. each quarterly.

The Company pay 4l. a year, which is given in sums of 1l. a year each to four poor widows of freemen. These are generally added to other gifts, which make up a larger sum to the particular pensioners. I have elsewhere stated the number of widow pensioners and their amounts.

Church's Charity.

James Church, by a deed poll of the 16th January 1681, gave to the Company 500l.,—to lend 200l. to four young men, gratis, and to pay interest on the remaining 300l., at 4 per cent., to 12 poor men and 12 poor women.

The 200l. being apparently lost by loans, the only endowment remaining is the 12l. per annum, which is made up to 12l. 12s., and is distributed on Good Friday to 12 poor persons of each sex who attend St. Margaret Lothbury, being selected by the court and receiving half a guinea each. The rules as to receiving no other pension, and as to attendance at divine service are adhered to.

Francis Clarke's Charity.

Francis Clarke, about the year 1608, gave to the Company 200l.,—to pay 10l. a year to the parish of Odiham, county of Southampton, towards the relief of the poor there.

And the said F. Clarke, in 1609, gave a further sum of 200l. to the Company to pay 10l. a year to St. Bartholomew's Hospital.

There are no specific funds representing this capital, but 10l. a year is paid to the churchwardens of the parish of Odiham, and 10l. a year to the treasurer of St. Bartholomew's Hospital.

Colborn's Charity.

Henry Colborn, or Colbron, by a codicil to his will of the 1st August 1655, gave to the Company 1,000l. to purchase lands for erecting and endowing a free school in Ashwell, Herts; and he gave the Master and Wardens 100l. for their pains and the endowment of the schoolmaster.

The Company received only 637l. 10s. applicable to these purpeses, of which they applied 290l. in the land and building, and reserved 347l. 10s. for the endowment. The Company pay 17l. 7s. 6d. a year interest in respect of that sum.

The premises at Ashwell consist of a residence for the master, and a school room, built by the Company, and an orchard and garden, or about one and a half acres. On the occasion of an enclosure of a common, an allotment has lately been made to the property.

The Company appoint a schoolmaster at 50l. a year, and they have lately allowed to the retiring schoolmaster a pension of 40l. a year. The Company insure the school from fire at a premium of 16s. 6d. a year. The late schoolmaster was allowed a stipend of 63l. a year. The whole amount beyond the 17l. 7s. 6d. is paid by the Company out of their proper funds. The Rev. H. W. Hodgson, the incumbent, is the visitor, and reports favourably to the Company of the condition of the school, as very beneficial to the agricultural population of the neighbourhood.

Conyers' Charity.

John Conyers, in 1591, gave to the Company 100l., in consideration that they should should pay to the churchwardens of St. Botolph, Aldersgate, 5l. a year, out of the Company's inn in Aldermanbury.

This, which constitutes a rentcharge of 5l. on the property of the Company in Aldermanbury, is paid annually (deducting 1l. for land tax) to the churchwardens of St. Botolph, Aldersgate.

Coventry's Charity.

Thomas Coventry and Hugh Dashfield, by indenture of the 10th July 1636, granted to the Company a yearly fee farm rent of 10l. 3s. 4d. out of the rectory of East Moulsey, Surrey, a fee-farm rent of 14l. out of the rectory of Winslowe, Bucks, and a fee-farm rent of 7l. 13s. 4d. out of the rectory of Kympton, Herts, upon trust, to pay—

£s.d.
For apprenticing two or more poor children in St. Andrew Undershaft, London1000
Ditto in St. Antholin, London1000
To the overseers of the poor of St. Pancras, and to the overseers of the poor of Hornsey, equally, to be bestowed for the relief of poor people dwelling as well in that part of Hornsey as in that part of St. Pancras which is situated near Highgate, whereof one-hall should be to poor dwelling at or near Highgate in the parish of St. Pancras, and the other half to poor dwelling at or near Highgate and in the parish of Hornsey, the same to be bestowed in fuel and clothes1000
To the Master and Wardens, 20s., and Clerk, 16s. 8d.1168

The Company receive the four rents, after deducting land tax.

£s.d.
1. From Thomas Sutton (through Messrs. Bateman, New Square, Lincoln's Inn), in respect of the rectory of East Moulsey374
2. From Robert Taylor (through Mr. Foulkes, of Binfield Road, Clapham), in respect of the rectory of East Moulsey4160
3. From W. S. Lowndes (through S. P. Dudley, of Winslowe, Bucks), in respect of the rectory of Winslowe1140
Carried forward£1974
Brought forward1974
4. From Lord Dacre (through Messrs. Herries & Co., bankers) in respect of the rectory of Kympton, Herts628
£25100

The Company held in their hands at the end of the year 1861, a sum of 179l. 0s. 7d. cash, in respect of accumulations of the apprenticeship fund of the parish of St. Antholin, and 119l. 0s. 6d. accumulations of the like fund for the parish of St. Andrew Undershaft. These sums are not invested.

The payments out of the 25l. 10s. a year, actually made, are,

The Master, Wardens, and Clerk, 1l. 16s. 8d., and a sum of 10l. a year to a receiver, appointed under an instrument which is annually signed by the incumbent of Hornsey, and other gentlemen described as trustees of the Charity of Thomas Coventry to the poor of Highgate, which is expressed to indemnify the Company against any claim of the overseers of St. Pancras.

The indemnity is thus expressed:—

"And in consideration of the said payment being made to us, or to our order as aforesaid, and notwithstanding any notice having been heretofore given to the said minister and churchwardens on behalf of the overseers of the parish of St. Pancras, Middlesex, as to or touching the payment of the said annual sum of 10l., we do hereby undertake to save harmless and keep indemnified the said Master and Wardens, and their successors and their estate and effects, of, from, and against all such actions, suits, proceedings, costs, expences, claims, and demands whatsoever, at law or in equity, which the said Master and Wardens or their successors shall at any time hereafter suffer, sustain, or be subject or liable to or charged or affected with by reason or on account of the said 10l., which became due by the said Master and Wardens on All Saints' Day 1861, by virtue of the trusts or directions of the said deed of 10th July 1635, or by reason of the said Master and Wardens making or having made such a payment to us or to our order instead of to the overseers of St. Pancras and Hornsey, to be by them applied for the purposes in the said deed mentioned as we the said trustees or the more part of us should appoint."

Sir William Craven's Charity.

Sir William Craven, by indenture of the 20th December 1615, granted to the Company all that messuage and shops thereunto belonging in the parishes of St. Mary Woolnoth and St. Michael Cornhill, upon trust, to pay to him, Sir William Craven, for life, 140l. a year.

And by his will of the 9th August 1616, he appointed that the Company should pay yearly to 24 poor aged men 96l., part of the said 140l., of which—

£s.d.
To poor of the Clothworkers' Company1600
To the churchwardens of Burnsall, Yorks., for the grammar school2000
For the repairs of the church there200
For the repairs for the school and bridges800
To the poor of St. Antholin, London, for coal400
To the poor of St. Andrew Undershaft for coal400
The Company's officers600

The gifts, amounting in the whole to 140l. a year, are charged on property devised to the Company in Pope's Head Alley, Cornhill.

£s.d.
The Company pay 20 pensions of 4l. a year each to poor freemen of the Company. These freemen are generally in receipt of some other pensions. They also pay 4l. a year to four freemen of the Clothworkers' Company, elected by the Merchant Taylors' Company out of twice that number recommended by the Clothworkers to that Company, who attend at the Merchant Taylors' Hall to receive their pensions9600
Carried forward£9600
Brought forward9600
The Company pay to the churchwardens of St. Andrew Undershaft (deducting 16s. a year land tax)340
The Company pay to the churchwardens of St. Antholin (without deduction of land tax)400
To the churchwardens of the parish of Burnsall (without deduction)2000
Carried forward£12340
Brought forward12340
To the churchwardens of the same parish, in respect of the 2l. for the reparation of the church and 8l. for the school (deducting 2l. land tax)800
To the master, wardens, clerk, and beadle600
£13740 (fn. 2)

Creek's Charity.

John Creek, by his will of the 22nd November 1418, gave to the Company a messuage in St. Dunstan's-inthe-East, for certain superstitious uses in St. Mary Abchurch, and for providing 13 quarters of coal for the poor of that parish.
The Charity is entitled to no more than the value of the coals, of which the Company deliver four tons and a half to the order of the churchwardens, which cost in the year 1861 the sum of 5l. 10s. 3d.
The Company are entitled to the house in Tower Street under this devise, and became the purchasers of the charge for superstitious uses, under the instrument of 4 Edward VI., confirmed by the statute 4 James I., to which I have elsewhere referred.

Dandy's Charity.

Andrew Dandy, by his will of the 29th March 1673, gave to the Company his house and ground in St. Thomas the Apostle parish, London, upon trust, to pay out of the rents:—

£s.d.
To 12 poor men and women in the Tower Hill almshouses1200
To 6 poor men and women in the parish of St. Sepulchre600
To 6 poor men and women of St. Giles, Cripplegate600
To 6 poor men and women of St. Botolph, Bishopsgate600

And upon the expiration of the existing lease and improvement of the rent, to pay such improvement to so many poor men and women of the Company as such future improvement would amount to at 20s. per annum, each man and woman to be elected at the discretion of the master, wardens, and court of assistants of the said Company.
The Charity estate, which consisted of a house in Queen Street, was taken by the Corporation of London, under the City Improvement Act, and is now represented by a sum of 2,264l. 3s., 3l. per cent. Consols, standing in the name of the Accountant-General of the Court of Chancery, and producing an annual dividend of 67l. 18s. 6d.

£s.d.
The Company pay to the almshouses account1200
To the six poor men and women of the parish of St. Sepulchre, chosen by the Company out of twice the number of nominees presented by the churchwardens of the parish (paid quarterly)600
To the six poor men or women of the parish of St. Botolph, Bishopsgate, (chosen in the same manner)600
To six poor men or women of the parish of St. Giles, Cripplegate (chosen in the same manner)600
To 29 poor widows of freemen of the Company, pensions of 1l. each2900
To the Company's poor account, out of which sundry pensions and gifts are made by the Company, which are not included under any other head8186
£67186

The Company have in their hand a sum of 8l. from arrears of the above payments to the poor of those parishes which have not been applied for.

Donkin's Charity.

Robert Donkin, by his will of the 1st December 1570, gave to the Company certain lands and tenements in St. Botolph, Bishopsgate, directing them to provide for 12 poor men, and 12 poor women, clothing of the annual value of 21l. 10s., and to pay to the chamberlain and town clerk 10s. each, for their pains in seeing the bequest performed.
The residuary clause of the will is as follows:—
"And so that the whole residue of the said rents and pffets of the said lands, tents, and gardens they do mainteigne and geather yearly into one whole stocke, and therewth doo and kepe the repacons of the said tents to them devysed and yf nede be newe buildinge the same, as to there dyscrecons nede shall appeare, as the same stocke will faull oute."
The property consists of a number of houses in Sun Street, Bishopsgate, producing a rental the amount of which has not been returned to this office nor disclosed to me. The construction always adopted by the Company, and which seems to have been acquiesced in by the commissioners of inquiry, is that the residue after keeping the estate in repair is given to the Company for their own use. The words, it will be observed, do not express that the residue is to be taken for the use of the Company, but only that it is to be kept in the Company's stock to repair.
It may be a question for the consideration of the Board whether the actual construction of this gift should be determined by any legal proceeding, and whether the Company should be required to render the account of the estate as of an endowment wholly charitable.
I may add that the amount of the residue, whatever it may be, is represented as not exceeding the sum which the Company annually devote to the support of the Merchant Taylor's School, an institution not otherwise endowed.
The Company stated to the Public School Commissioners (Appendix, Vol. 2, p. 249) that they expended from 2,000l. to 3,000l. a year on the school from their own funds, and had recently laid out about 20,000l. for the purpose of adding to the site and buildings.
The Company purchase annually 72 ells of Irish linen, and 120 yards of cloth, or brown stuff, and 24 pairs of hose. These articles cost in the year 1861 the sums of 7l. 4s., 18l., and 2l. 16s. respectively. The sum of 3l. was paid for making up the cloaks.
The gifts are divided equally between 12 men and 12 women, being either freemen of the Company, or freemen's widows, each receiving three ells of linen and five yards of cloth, and each also having 5s. in money.
A sum of 1l. 1s. is paid to the town clerk when demanded, and in one case, when not demanded was carried to the poor account.
The whole of the above payments amounted in 1861, to 38l. 1s. (fn. 3)

Dowe's Charity.

By deed of the 28th August 1605, between the Company of the one part, and Robert Dowe of the other part, reciting that the said Robert Dowe had paid to the Company at various times 2,158l. 10s. 8d. for the purchase of lands, &c., for decayed brethren, and that the Company had made such purchase for 1,212l. 13s. 4d., leaving 945l. 17s. 4d. to be employed on a further purchase; and reciting that the said Robert Dowe had appointed several yearly pensions to be paid out of the rents of the lands purchased and to be purchased;

The said Company covenanted with the said R. Dowe to make the several payments as follows:—

£s.d.
To 13 poor aged brethren (6l. 13s. 4d. each)86134
For gowns for the almsmen, for every third year979
To six persons, reversioners to succeed to the 13 (1l. 6s. 8d. apiece)800
For gowns for them, to be expended every third year300
To the clerk for attending pensioners to church002
For dinners1134
For burials (three every year)100
Clerk of Company030
To the poor of St. Botolph, Aldgate1060
Renter Warden010
Almswomen at East Smithfield600
Fuel for the same200
Candle light for the same068
To be expended yearly in Lent for their comfort200
Company's officers2100
Chamberlain and town clerk, to see charity performed0610
£13381

And by another deed of the 4th April 1610, in consideration of 800l. paid by the said Robert Dowe, the Company covenanted to pay as follows:—

£s.d.
To Gregory Smith's almswomen2120
To R. Dowe's almswomen140
To the churchwardens of St. Botolph, Aldgate, for the poor1030
To the wardens' substitutes0170
To the clerk on the death of any member050
Carried forward£1510
Brought forward1510
To expend at the probation of Merchant Taylors' School800
For the release of prisoners n London2000
To the Company's officers140
For tending the lantern at almshouses014
For clothing2100
£46164

The estate charged with this payment, being the property purchased with the gift, is situated in Threadneedle Street, Martin's Lane, in Cannon Street, Lawrence Pountney Lane, Bow Lane, and Watling Street. The liability of the Company is expressed by the covenant, and amounts to the aggregate of the various charges above mentioned.

The Company give pensions of 6l. 13s. 4d. to 13 aged freemen of the Company.

In 1861 there was a vacancy, and the payments were made to 12 only, amounting to 80l. in the whole. A sum of 14l. 12s. 1d. is carried on, and expended every third year, when it amounts to a sum of 43l. 16. 3d. or thereabouts.

In 1859 the cloth purchased was as follows:—

£s.d.
Cloth2693
Baize750
Making the gowns and cloaks5140
Badges546
£44129

Most of the pensioners receive other pensions, in addition to those derived from this Charity.

£s.d.
There is also the six yearly pensions of 2l. 2s. to other poor freemen12120
To the churchwardens of St. Botolph, Aldgate2080
To the almshouse account (which is considered as including the coals and candle money)13114
The Probation of Merchant Taylors' School800
This is carried to the Company's school account. It is expended in refreshments on the day.
There is carried to the Prison Fund Account (see Prisoners Fund Account)2000
The Officers of the Company, Master, Wardens, Clerk, and Beadle4134 (fn. 4)

Dame Ducie's Charity.

Dame Elizabeth Ducie, by her will of the 16th December 1635, gave to the Company 100l. towards maintaining the widows of almsmen.
The Company charge themselves with 5l. a year, hich is paid to the Almshouse Account.

Elwes' Charity.

Jeffery Elwes, by his will of the 8th April 1666, gave to the Company 400l. for the perpetual relief of the poor. There is no specific investment of this fund; 20l. a year is carried to the Company's Poor Account. From this account various payments are made in the shape of pensions, various gifts to poor members of the Company and their widows, and various sums by way of increase of other small pensions. The sum carried to this account in 1861 was about 1,100l.
Under the several heads of relief, there was paid in the same year—

£s.d.
As pensions35000
As casual gifts51350
As increase or excess in pensions1934

And a balance of 1,013l. 19s. was carried on to the next account, 1862.

Fish's Charity.

Walter Fish, by his will of the 17th September, 22nd Elizabeth (1580), devised to the Company a house in Cannon Street, purchased with 103l. 5s., arrears of the annuity mentioned in Sir William Fitzwilliam's Charity, and also the annuity of 7l. 6s. 8d., upon trust to pay the rent between five poor scholars of St. John's College, Oxford, and the 7l. 6s. 8d. as follows: 6s. 8d. to the clerk and beadle, and 7l. amongst the almsmen of the livery.
The estate of this Charity is as follows:—

£s.d.
No. 60, Cannon Street, and 17, Nicholas Lane, let to N. Game, on lease for 31 years from Lady-day, 1848 (the tenant having expended money in improvements)12000
Annuity from Sir William Fitzwilliam's account, the same having been granted by Queen Elizabeth to this donor768
The sum of 1,012l. 12s. 5d., 3 per cent. reduced annuities, the produce of accumulating investments of the surplus3076
£157142 (fn. 5)

Sir William Fitzwilliam's Charity.

By an indenture (date unknown) between the Company of the first part, Sir William Fitzwilliam of the second part, and Thomas Coles of the third part, the said Company, in consideration of 800l. paid by the said Sir William Fitzwilliam, granted to the said Thomas Coles an annuity of 20l. charged upon premises in Lombard Street and Cornhill, and
Thomas Coles, by his will, devised the said annuity of 20l. for superstitious uses to the parish of Marham.
The Company pay 20l. a year in respect of this gift, of which 7l. 6s. 8d. is carried to the credit of Fish's Charity, and 12l. 13s. 4d. paid to the churchwardens of Marham, in Northamptonshire, annually.

Sir James Gore's Charity.

Sir James Gore, by his will of the 23rd January 1636, gave to the Company 12l. a year issuing out of a tenement in Trinity Lane, London, for the relief of three poor old freemen 4l. apiece.
The rentcharge (deducting 2l. 8s. for land tax, is now paid by Mr. Edward White, of 26, Mark Lane, solicitor.
The sum is distributed in pensions to three men, each receiving 3l. 4s.

Gray's Charity.

Robert Gray, by his will in the year 1639, gave to the Company 1,500l., and a reversionary interest in 1,000l., for the almswomen of the Company.
The Company charge themselves with interest at 5 per cent. on 2,132l., the amount received by them in respect of these legacies.
The interest, amounting to 106l. 12s., is carried to the almshouse account.

Gulston's Charity.

Helen Gulston, by her will of the 15th July 1637, gave 600l. to be laid out in rents answerable for that sum, for the relief of six widows, two of citizens, two of ministers, and two of gentlemen, and she requested that the Company would purchase rents with the said money, and distribute the same among the widows by 5l. each, and the overplus of the rents, if they should amount to more, to be divided amongst them. The fund was not laid out in rents or land, but the Company charge themselves with 30l. a year. The widows elected are not necessarily widows of freemen of the Company, but persons of the different classes specified apply to the Company on the occasion of vacancies.

A list of all vacant pensions remains posted at the hall door for about a fortnight before the meeting of the Charity Committee, which takes place about four times a year, and applications are made on a form of petition which is given to those who apply first, and which requires the signature of a member of the court, which is never refused, so that all may have a hearing.

Sir John Hanbury's Charity.

Sir John Hanbury, by will of the 27th March 1639, gave to the Company 500l. to purchase lands, upon trust, to pay:—
and the overplus to the Company.

£s.d.
To the poor of Feckenham, Worcester1300
To the poor of the parish of Hanbury, adjoining6100

The Company charge themselves with 19l. 10s. a year, which is paid to the churchwardens of the respective parishes in the proportions mentioned above.

J. Harrison's Charity.

John Harrison, by his will of the 15th May 1618, gave to the Company 500l. to erect a grammar school at Great Crosby, parish of Sefton, Lancashire, for educating children and youth in grammar, to be called "The Merchant Taylors' School, founded at the charges of John Harrison." And he gave to the Company several messuages in St. Augustine and St. Swithin's parishes, London, on trust, to pay:—
and the remainder to the poor brethren of the Company, 20s. a quarter apiece.

£s.d.
To the master of the school3000
To the usher2000
To the poor of St. Augustine's2000
For repairs500

The property of the Charity now consists of the following particulars:—

£s.d.
The great portion of Messrs. Leaf's premises, Old Change, extending from west to east, 137 feet, and a frontage of 48 feet 5 inches in the Old Change, and extending to about 10 feet greater breadth at a spot commencing about 34 feet farther back, let to William Leaf, for 21 years, from Christmas 184770000
No. 30, Old Change, let on a building lease to Robert Price, for 61 years from Midsummer 18133000
No. 6, St. Swithin's Lane, let to Edward Stride, for 21 years from Lady-day 18444500
An easement, lights paid by J. C. Joyner0100
775100

A scheme was settled by the Court of Chancery by an order of the 28th July 1849. The substance of the scheme was that there should be a schoolmaster and usher, and that the stipend of the master should be increased to 130l. a year, and the stipend of the usher should be increased to 80l. a year, the scholars to be limited to 100, 40 on and 60 not on the foundation; the master was to be permitted to take boarders, and that there should be a half-yearly examination.

The fifteenth clause provided that the Master, Wardens, and Court of Assistants for the time being, and their successors, shall continue to be Governors of the said school, and shall have full power from time to time to make such new or other rules, orders, and regulations for the management and conduct of the said school, and the children to be educated therein, and for the master and usher, and generally in reference to the school, and from time to time to alter such rules, orders, and regulations, as the said Master, Wardens, and Court of Assistants and their successors shall think fit, having regard nevertheless to the principles and system of education pointed out by the said John Harrison, the founder, and enlarged in manner herein-before mentioned.

And the sixteenth clause was as follows:—That after setting apart the several sums herein-before mentioned for the purposes of the said school, or such increased sums as aforesaid, the said Master and Wardens and Court of Assistants shall be at liberty to pay out of the said charity funds an increased annual pension or sum not exceeding 8l. per annum, to each of the poor brethren of the said company, for the time being, and accumulate the surplus moneys (if any) from time to time to be hereafter applied for the maintenance of the said trust property or otherwise for charitable purposes pursuant to the said will of the said John Harrison, the founder, as occasion may require or opportunity offer.

Under an order of the court of the Company of the 2nd May 1861, made in pursuance of the powers reserved to them by the foregoing fifteenth clause of the scheme, other rules and regulations were framed for the government of the school, in the place of those contained in the foregoing scheme. These rules and regulations I append.

The expenses of the establishment of the school are—

£s.d.
The stipend of the head master12000
The present head master is the Rev. Robert Oliver Carter. He was appointed in 1860. In addition to his stipend he is allowed under the first clause of the scheme 5s. for each boy taught in the school during the whole of the quarter.4200
He is also allowed a moiety of the quarterage of 25s. per quarter, payable by all boys, except the 28 free boys called Harrison's scholars.
The Harrison's scholars are admitted by the visitors. In the quarter ending March 1862 there were 42 boys altogether in the school. The master has also a residence, which is large enough to take boarders, but the present master is precluded from taking boarders
The usher's stipend10000
He is also allowed 1s. 6d. per head, per quarter, for each boy on the register an entire quarter12120
One quarter of the quarterage of 25s. paid by the scholars
Paid the master towards warming and lighting the school500
Books and stationery3000
Examiner's fees (clause 10)1000
Repairs and insurance (clause 1)2000
339120

(The excess has been provided for out of the Company's funds.)

There were several exceptional charges in 1861.

£s.d.
Printing, &c. in connexion with the new rules of 186124116
Advertising for a head master1176
Law charges in reference to the contemplated purchase of a field for a playground4310
Paid for fixtures on the retirement of the late master54165
£94193

The disbursements of the Charity to the poor are—

£s.d.
Thirty-nine yearly pensions to poor freemen of the Company, at 8l. a year each31200
Nine poor women, widows of freemen, at 4l. each3600
These, as they lapse, will not be filled up. It is intended to add to the number of the men, but the Company require the fund at present, with the view to repairs which are expected to be necessary to be done in the school house at Crosby.
Carried forward
Brought forward
The churchwardens of St. Augustine, for the poor in Lamb Alley1600
The sum of 4l. is deducted for land tax, which is stated to have been redeemed by the Company.
£36400

The balance in hand at the end of the year 1861, on account of this Charity, was 566l. 6s. 6d.

The present surplus income at the existing scale of charges is 64l. 10s. 8d. (fn. 6)

Charities of Robert Hawes and others.

Robert Hawes, by his will of the 17th January 1595, after reciting that John Robinson, William Offley, Robert Dow, Richard Venables, William Craven, and the testator had subscribed 336l., and purchased messuages in St. Benet Fink parish, which had been conveyed to the testator, gave the same to the Company upon trust to pay to five poor widows of the Company, and one widow of the parish of St. Botolph, Aldgate, 3l. 9s. 4d., a year each, and the residue of the rents to the Company, the said testator not doubting that should the rents increase to a good balance, the Company would increase the pensions.

The property is situated in Finch Lane, and produces a rent of about 800l. a year. The Company have increased the allowances to six almswomen in respect of this gift to 27l. a year each, making an annual charge of£16200
The Company also carry another sum to the almshouse account generally of23800
Making together a disbursement of£40000

Heydon's Charity.

Mr. Alderman Heydon, by will of the 11th March 1519, gave to the Company 100l. to lend the same at 3l. 6s. 8d. per annum, to be paid to the Mercers' Company.

The Company pay a sum of 3l. 6s. 8d. a year to the Mercers' Company. Nothing now is known of the capital fund.

Heyman's Charity.

John Heyman, by will of the 15th October 1646, gave to the wardens of the parish of St. Saviour, Southwark, all his houses at Barnet, Herts, to pay to the Company 40s. for two poor citizens tailors, and 4s. to the clerk.

The churchwardens of St. Saviour, Southwark, pay 2l. 4s. a year to the Company, which is given to two poor members of the Company in pensions of 1l. each, annually, added to other pensions.

The 4s. a year is paid to the clerk of the Company.

Hilles' Charity.

Richard Hilles, by his will of the 28th June 1586, gave to the Company all his tenements and gardens in St. Botolph, Aldgate, parish, subject to the payment of 5l. amongst six of the most impotent poor aged men of the Company.

The Company, out of the rents of these houses, charge themselves with 5l. a year, which is carried to the poor account (see Elwes' Charity).

Holland's Charity.

Ralph Holland, by his will of the 2nd May 1452, gave to the Company certain lands and tenements in St. Alban, Wood Street, and three shops and garden ground in St. Clement's Lane; also a certain tenement in St. Mary Aldermanbury, and a certain inn in St. Andrew Undershaft.

And the testator, by another will of the 3rd May 1452, gave to the Company two tenements in St. Dionis Backchurch, and a tenement in St. Botolph Aldgate, upon trust, for relieving the poor of the Company, and for superstitious uses.

The Commissioners of Inquiry state that the only property known to have been devised under this will is the George Inn, Aldermanbury. This is now let to Francis Brighton for 61 years from Lady-day 1831, at a rent of 165l. a year. The Company carry to their own account 13s. 4d. annually, as given to superstitious uses, and purchased by the Company from the Crown, and carry the residue, 164l. 6s. 8d., to the poor account.

Howden's Charity.

John Howden gave to the Company 333l. 6s. 8d. and certain plate, they agreeing to pay yearly—

£s.d.
For superstitious uses71011
For the poor of St. Mary Abchurch0159
To the Master and Wardens 5s. 8d., and to the clerk 1s.068

The charge for superstitious uses was purchased by the Company, and the alienation confirmed by the Act of the 4th James 1st. The sum of 15s. 9d. a year is paid to the churchwardens of St. Mary Abchurch, and 6s. 8d. to the officers of the Company.

Hull's Charity.

Walter Hull, by will (date unknown), gave to the Company 2l. 4s. a year for two poor members of the Company.

The Company pay two pensions of 1l. each to poor freemen, and 4s. to the clerk.

J. Hyde's Charity.

John Hyde, by his will of the 8th September 1604, gave to the Company certain lands and hereditaments in the Minories and Fleet Street, London, to pay as follows:—

£s.d.
To the parson and churchwardens of St. Andrew Undershaft200
To the vicar and churchwardens of St. Brides, Fleet Street1100
To the minister and churchwardens of Trinity, Minories0160
To the almswomen of the Company500
To the grammar shool of Hayfield, Derbyshire1000
To the clerk and beadle1100

And the rest of the rents for the discharge of poor prisoners for debt in London.

The estate of the Charity consists of the following particulars:—

£s.d.
No. 27, Church Street, Minories, let to Hezekiah Lane, for 21 years from Michaelmas 18509000
No. 56, Church Street, Minories, let to George Norris, for 21 years from Ladyday 18513000
No. 1, Church Street, Minories, let to George Norris, for 21 years from Ladyday 18492000
A warehouse and premises (formerly No. 4 to 7, Church Street, let on building lease to David King, for 80 years from Lady-day 1859. (This was granted under the authority of the Board, by order of the 4th March 1859)8400
No. 123, Fleet Street, let to Alpha Lewis for 21 years, from Michaelmas 185422500
£44900

The payments out of this income are:—

£s.d.
The churchwardens of St. Andrew Undershaft (deducting 8s. for land tax)1120
The churchwardens of St. Brides1100
The minister and churchwardens of the Holy Trinity, Minories0160
The minister of the chapel, Hayfield, Derbyshire1000
The almshouse account of the Company500
£18180

The Company carry over the residue of the rents, under the direction of a scheme which is set out under my report on the "Prison Fund Account."

The sum thus carried over in the year 1861 was 428l. 4s. (fn. 7)

Jenkinson's Charity.

Robert Jenkinson, by his will of the 15th April 1616, gave to the Company 120l., on trust to distribute 6l. on All Saints' day to 14 poor ancient widows in the Tower Hill almshouses in clothing.
And by a codicil of the 14th October 1617, he gave 20l. in augmentation.
The Company charge themselves with 7l. a year interest on 140l. at 5l. per cent., which they carry to the almshouse account.

Juxon's Charity.

John Juxon, by his will of the 17th August 1626, gave to the Company 12l. a year issuing out of certain lands at Mortlake, Surrey, for poor scholars at Oxford or Cambridge.
This rent-charge is now paid by General Popham, the owner of a farm said to be called Brickfarm.
The sum of 9l. 12s. 0d. only is received by the Company, who make up the 12l. by adding 2l. 8s. 0d. from their funds, and bestow the whole upon a poor scholar at one of the Universities alternately each year.

Mason's Charity.

Peter Mason, by his will of the 6th December 1412, gave to the Company certain tenements and shops in the Poultry, upon trust to pay 7l. 13s. 4d. to certain superstitious uses, and the residue for the poor of the Company.
The following table exhibits the present description and income of the property.

£s.d.
No. 1, Poultry, let to Messrs. R. & P. Brooks (the silversmith), on lease for 25½ years from Christmas 1848 at a rent of20000
No. 4, Poultry, let to the administrators of William Thodey (glover), for 14 years from Christmas 185718000
No. 5, Poultry. This was let to Mr. Samuel Hale for 61 years from Midsummer 1803, at a rent of 40l. per annum. The lease refers to the plan in the margin, which describes the limits of the estate demised as 16 ft. 5 in. frontage in the Poultry, with an eastern boundary extending 14 ft. 9 in. backwards, and a western boundary of 10 ft. 8 in., and abutting on premises at the rear stated to belong to Mr. Samuel Hale. The Company purchased the residue of Mr. Hale's lease about or previously to the year 1851, together with other freehold premises in the rear, and on the 3rd December 1851 the Company demised this portion of the charity estate, together with other premises in the rear of the same breadth and frontage in Bucklesbury, to Eugenius Fenning, for 21 years from Christmas 1850, at a rent of 210l. Of this rent the Company credit the charity with the rent reserved on the lease of 18034000
£42000
The estate is subject to a quit rent of 9s. a year to the Dean and Chapter of Westminster, and to an annual payment for superstitious uses of 7l. 13s. 4d., which has been purchased by the Company and confirmed by statute before referred to824
£411178

The Company apply the income in the payment of pensions:—

£s.d.
Three of 40l. each to four liverymen of the Company12000
Six of 30l. a year to poor liverymen of the Company18000
£30000

The residue is carried over to the poor account of the Company, the nature of which I have described in my report on Elwes' Charity. (fn. 8)

Lady Jane Maynard's Charity.

Lady Jane Maynard, by her will of the 14th March 1660, devised two messuages and 73 acres in Leicham, Kent, and divers marsh lands containing 138 acres in Romney Marsh, to certain persons in tail male, and in default of issue to trustees, upon trust to grant to the said Company a rent-charge of 50l. a year issuing out of the said lands for honest well-disposed freemen of the Company.

The Company receive 40l. a year from the agent of Sir John Bridges, deducting 10l. a year for land tax. The sum of 20l. annually is given to each of two young men free of the Company, who have served their apprenticeship and are about to set up in trade. Evidence is required by the committee of the Company of these facts before the sum is granted, but no other record is taken than the names and addresses of the parties.

The two last recipients of this gift were—

1. Mr. John Mackintosh New, of No. 24, Tavistock Place, Tavistock Square; and,

2. John White Smith, of No. 3, the Grove, Homerton.

Moore's Charity.

William Moore, by his will (date unknown), gave to the Company an annuity of 20s. issuing out of a house in St. Andrew Undershaft, to be distributed amongst the wardens substitutes in decay.

The churchwardens of St. Andrew Undershaft pay 16s. a year, which the Company pay to their poor account.

Osmotherlaw's Charity.

Richard Osmotherlaw, by will of the 7 May 1612, gave to the Company all the residue of the rents of his freehold lands and tenements in St. Botolph, Aldersgate, subject to the payments following:—

£s.d.
To his wife, her heirs and assigns, for ever1000
To the poor of St. Botolph, Aldersgate468
For a sermon there 6s. 8d., churchwardens 4s., clerk and sexton 2s. 8d.0134
To his cousin John Osmotherlaw and his heirs for ever500
To Robert Osmotherlaw and his heirs for ever200
To Bromefield School, Cumberland1000

John Osmotherlaw purchased an annuity of 6l. (part of the annuity of 10l. to the wife), and the annuity of 2l. to Robert, which with his own of 5l., making together 13l., he afterwards by will of the 1st June 1642 devised as follows:—

£s.d.
To the Clothworkers Company2100
To Christ's Hospital2100
To St. James's Garlickhithe parish, London300
To one Andrews500

The Company are in possession of property in Aldersgate Street and Little Britain, which produces a considerable rental, of which they charge themselves as a rent-charge with 23l. per annum, the amount of the charitable gifts of John Osmotherlaw, the devisee, and of the charitable gifts of Rd. Osmotherlaw, the testator, beyond which there are no claimants.

The 23l. a year is thus applied:—

£s.d.
To the churchwardens of St. Botolph, Aldersgate (less 1l. for land tax, a customary deduction for a long period)400
To the minister and churchwardens of the parish of Bromfield, Cumberland, on condition of maintaining a schoolmaster to teach 15 poor men's children of Langridge and Bromfield1000
To the Clothworkers' Company2100
Carried forward£16100
Brought forward16100
To Christ's Hospital2100
To the churchwardens of St. James, Garlickhithe300
2200

I wrote to the Rev. C. H. Wyberg, vicar of Bromfield, to inquire as to the existence of this school. He informed me in reply that the money is applied in teaching the number of children mentioned, and that the condition of the school is quite satisfactory.

Robert Parker's Charity.

Robert Parker, by his will of the 10th January 1622, gave to the Company 400l. to purchase lands for good uses in Staffordshire, on trust to pay 20l. a year to the poor of Walsall.

And he gave 100l. to the Company to lay out in land in Walsall to pay to the organ player and his blower in Walsall Church 5l.

And he gave 100l. to the Company to pay to themselves and their officers 5l. a year.

And he gave 100l. to the Company to pay 5l. to the poor of St. Antholin, London.

There has been no investment of the funds in land. The Company charge themselves with 35l. a year, of which sums of 20l. and 5l. a year are paid to the churchwardens of Walsall, and 5l. to the churchwardens of St. Antholin, the remaining 5l. is paid to the clerk and beadle of the Company.

William Parker's Charity.

William Parker, by his will in 1616, gave to the Company 2,000l., to pay 80l. a year as follows:—

£s.d.
To the parson of St. Antholin1000
To the clerk and sexton500
To the minister of Great Bloxwich2000
To poor prisoners in the Compter, Wood Street200
To poor prisoners in the Compter, Poultry200
To poor prisoners in Newgate200
To poor prisoners in Ludgate1100
To poor prisoners in the Fleet1100
To Bethlehem hospital100
To five poor aged men of the Company2000
To the almsmen of the Company2100
To the almswomen500
To the officers of the Company500
To the Master and Wardens2100

The Company charge themselves with the 80l. a year, out of which they pay as follows:—

£s.d.
To the churchwardens of St. Antholin800
To the clerk and sexton of St. Antholin (deducting 2l. for land tax)500
To the minister or perpetual curate of Great Bloxwich; from whom the Company receive a report of the state of the school which this bequest assists to maintain2000
The payment for the City prisons is made to Mr. Temple, the officer of the Corporation7100
The receiver of Bethelem hospital100
The keeper of the Queen's prison (Mr. Hudson)1100
Five yearly pensions of 4l. each to poor freemen of the Company2000
The almshouse account of the Company7100
The Master, Wardens, clerk, and beadle of the Company7100
£7800 (fn. 9)

Parkin's Charity.

This Charity was founded by the will of John Parkin, of the 17th June 1759, whereby, after stating that he was entitled to several sums of money due on certain securities in his said will particularly mentioned, he out of the annual interest arising from such securities gave 60l. per annum to his sister Sarah Parkin, and 16l. per annum to his sister Grace Sharpe, and declared that on the death of his said sisters all the said securities should be vested in the Master, Fellows, and scholars of Pembroke College, Cambridge (then commonly called or known as Pembroke Hall), and he thereby gave and granted the same to the said Master, Fellows, and scholars, together with what should remain yearly out of the annual interest of the said securities after payment of the said annual sums of 60l. and 16l. to his sisters; and he directed that upon the death of either of his said sisters her legacy should cease, and be vested immediately in the said Master, Fellows, and scholars. And he gave all the said securities to the said Master, Fellows, and scholars upon trust for founding five or six Scholarships or Exhibitions in Pembroke College, to be appropriated to and conferred upon five or six scholars educated in Merchant Taylors' School at London, regard being always had to their seniority and station therein, and particularly to those who were head of the school and became superannuated, whom he preferred as emeriti milites; and he directed that one other scholar should be of the free school of Bowes, in the county of York, founded by his late uncle William Hutchinson, Esquire, of Clement's Inn, and of Aldenham, in Hertfordshire. And he declared that it was his intention that those five or six scholars should each have an equal portion or dividend, and be chosen within the space of two months after any avoidance or vacancy by the Master of Pembroke Hall for the time being, and that they should be resident at least nine months in every year, and might enjoy the same till they were of seven years' standing in the University, and no longer; but he directed that until the whole property and interest of the said securities should be in the Master, Fellows, and scholars aforesaid, no more scholarships or exhibitions should be settled than in proportion to the interest money that they were by his will entitled to an should actually receive, and which he left to their judgment and discretion.

The testator died on the 27th August 1765.

By an order of the court of the 9th December 1854, it was ordered that the College of Pembroke Hall, Cambridge, should transfer the sum of 6,700l., bank 3 per cent annuities, into the name of the Accountant-General in trust in the cause, and that the college should sell the sum of 100l. new 3 per cents. standing in their names, and pay the produce thereof to the credit of the same cause, and that the same be laid out in the purchase of bank 3 per cent. annuities.

And it was ordered that of the aggregate amount of bank 3 per cent. annuities, which after such transfer and investment should be standing in trust in the cause "Attorney General versus Parkin," including in such aggregate the 5,824l. 12s. 4d. bank 3 per cent. annuities standing in the name of the Accountant-general in trust in the cause, 20 equal 42 parts of the said bank annuities to be carried over to an account to be entitled, "In the matter of Parkin's Charity the account of the master and wardens of the Merchant Taylors of the fraternity of St. John Baptist in the City of London."

And after directing the taxation of costs, and the sale of so much of the said bank annuities as would be sufficient for the payment thereof, it was ordered that the dividends be from time to time paid to the Company, and that such dividends be applied by the Company in providing four exhibitions, to be called the "Parkin Exhibitions," for scholars educated at Merchant Taylors' School and proceeding to the University of Cambridge for four years, and to be subject to such rules, orders, and regulations in regard to residence or otherwise as the Company should from time to time establish.

The college in 1855, in addition to the stock transferred to the account of the cause, paid the sum of cash of 184l. 14s. 9d.

The capital fund which now stands in the name of the Accountant-General of the Court of Chancery in the cause "Attorney-General v. Parkin," is 5,887l. 14s. 9d., 3l. per cent. consols, producing an annual dividend of 176l. 12s. 6d.

The Company provide four exhibitions for scholars of the Merchant Taylors at Pembroke College of 50l. a year. The cash paid over by the college has hitherto provided the deficiency between the amount of the dividend and the 200l., and this deficiency, I am informed, it is the design of the Company to make up from their own funds when the cash balance is exhausted.

Parry's Charity.

Fowlk Parry, by his will in 1658, gave to the Company 50l., and the interest whereof to be distributed to the poor yearly. The Company pay 2l. 10s. per annum, as the interest of this fund, to the poor account.

(See Elwes' Charity.)

M. Parson's Charity.

Margaret Parsons, by deed of the 10th December, 5th Elizabeth (1562), granted to the Company an annuity of 4l. issuing out of a tenement in St. Christopher, Cornhill, to pay:—

£s.d.
To the Parish of St. Michael 20s., and St. Christopher 10s.1100
To 13 poor Merchant Tailors 12d. apiece0130
To 4 poor maidens' marriages, &c., 7s. 6d. each1100
To the clerk 5s., and to the beadle 2s.070

The Company having received the value of this rentcharge from the Bank of England, on the removal of the property for the construction of that edifice, pay 4l. a year, as follows:—

£s.d.
To the churchwardens of St. Michael, Cornhill100
To the churchwardens of St. Christopherle0100
To the poor account of the Company0130
To the officers of the Company070
£2100

The remaining 30s. a year, to be given to poor maidens servants, or children of Merchant Tailors, in sums of 7s. 6d., has not been distributed for three or four years there is a balance of 6l. 10s. in hand.

Sir John Percival's and Dame Thomasine Percival's Charities.

Sir John Percival, by his will of the 21st February 1507, gave to the Company certain messuages in Lombard Street and Cornhill, for certain superstitious uses, and to pay 10s. yearly to poor householders of St. Mary Woolnoth, 6s. to the churchwardens of the said parish, and 30s. for coals to the said parish, and the residue for the said Company; and

Dame Thomasine Percival, by her will of the 12th February 1508, gave to the Company certain messuages, to apply the rents in performance of the will of her husband, Sir John Percival, and also to pay—

To the churchwardens of St. Mary Woolnoth 8s. 0d.

And to five poor householders 5d. weekly 21s. 8d.

The Company are in possession of the property charged by these wills, and pay a sum of 3l. 15s. 8d. annually to the churchwardens of St. Mary Woolnoth, upon their receipt.

Pitt's Charity.

Christopher Pitt, by deed of the 16th August 1683, gave to the Company 300l., the Company covenanting to pay to six poor men or women 10s. quarterly each (12l.)

There is no specific investment of the 300l. The Company pay 12l. 12s. a year (guineas instead of pounds) for six yearly pensions of 2l. 2s. each, to poor widows of members of the Company.

Wm. Priestly's Charity.

William Priestly, by his will of the 2nd May 1620, gave to the Company 250l., on trust to maintain eight poor men, allowing them 1l. 6s. 8d. a year each, four of the Company, and four of the parish of Hornsey.

The Company charge themselves with the annual payment of 10l. 13s. 4d., being the sum directed by the will, and also with a further sum of 3l. 1s. 4d., making up together 13l. 14s. 8d. The four pensions to the poor freemen of the Company they have raised to 2l. 2s. each, and the four pensions to the poor men of Hornsey remain at 1l. 6s. 8d. each. The poor men at Hornsey are chosen by the parishioners in vestry, and the nomination is accepted by the Company. The Company pay the amount to the churchwarden for his distribution.

Proctor's Charity

Samuel Proctor, by his will of the 1st February 1636, gave to the Company 100l. in trust, to pay at Christmas to

£s.d.
Nine poor brethren 10s. each4100
To the clerk 6s. 8d., to the beadle 3s. 4d.0100

The Company pay 5l. per annum, of which 4l. 10s. goes to the poor account, and the residue to the officers.

Dame Mary Ramsay's Charity.

Dame Mary Ramsay, by her will of the 8th July 1601, gave to the Company 200l., to be lent at 5 per cent. to brethren of the Company, and the profit distributed towards the relief of the poor.

This, although supposed to be lost, is introduced in the list of the loan charities.

The Charity is credited with the payment of interest received on the loan fund which belongs to it. Thus, in the year 1861, this Charity was credited with twoeighths of 27l., which had been received from the executrix of one of the sureties of Mr. C. K. Thompson, for two years' interest on 300l. lent to him under the scheme, at 4½ per cent.

This amount, being 6l. 15s., was carried to the poor account.

Renneck's Charity.

Edward Renneck, by his will in 1656, gave to the Company 100l., to be lent out to two young men, they paying each 20s. a year for interest.

This is one of the loan charities which is credited with the share of the interest received from the borrowers.

In 1861, 3l. 7s. 6d. was brought to this account, being one-eighth of the interest received from the sureties of Thompson, which was carried to the poor account of the Company.

Sir Abraham Reynardson's Charity.

Sir Abraham Reynardson, by his will of the 10th May 1661, gave to the Company 300l., to pay 16l. a year, issuing out of a house in Cornhill, to six poor men and six poor women of the Company.

The Company pay 16l. a year, in pensions of 1l. 6s. 8d. each, to six poor freemen and six poor widows of freemen annually.

Richards' Charity.

Henry Richards, by his will of the 29th January 1674, gave to the Company 500l., to be lent to young men of the Company at 4 per cent. interest, to be disposed of amongst the poorest and most impotent widows, children, and other persons. The fund is lent out under the scheme, and the Charity is credited with its share of the actual interest received.

Thus in the year 1861, the Charity received credit for the sum of 16l. 17s. 6d. for two years' interest due on the 300l. lent to C. K. Thompson, at 4½ per cent., which was paid by the executors of the surety.

There is a class of 10 pensions of 2l. 2s. a year each, to poor women, widows, &c., habitually paid as arising from this gift, and the fund is made up when the interest falls short, by the requisite sum paid out of the poor account of the Company.

T. Roberts' Charity.

Thomas Roberts, by his will of the 14th April 1824, gave to the Company 2,000l. consols (or South Sea annuities) upon trust, to distribute the dividends among the poor almswomen on Tower Hill.

The bequest, which was a specific one, was satisfied by the appropriation of 2,000l. old South Sea annuities, and has since been paid off. The Company made up the sum received in respect of this stock to 2,000l., which was afterwards invested in 2,108l. 0s. 9d., 3 per cent. consols, producing annually 63l. 4s. 9d. The Company pay the dividends to the almshouse account.

Sir Thomas Rowe's Charity.

Sir Thomas Rowe, by his will of the 11th August 1565, gave to the Company all his messuages and hereditaments in London, to distribute 40l. a year among 10 poor freemen of the Companies of Clothworkers, Carpenters, Tilers, Plasterers, and Armourers.

And by deed of the 4th June 1569, he gave 100l. to be lent to poor housekeepers of the Company.

The Company hold property in Thames Street, under the above devise, and apply 40l. a year, in pensions of 4l. each, to two members of each of the above Companies. On the occasion of any vacancy two candidates are chosen by the particular Company, who attend before the Charity Committee, with the beadle of the Company, and the committee select one as the new pensioner.

The loan fund of 100l. forms part of the fund dealt with, and reported on, under the head of Loan Charities. (fn. 10)

Shepham's Charity.

Richard Shepham, by his will of the 20th July 1604, gave to the Company 100l. to be lent to four poor young men.

And by a codicil of the 28th July 1604, he gave to the Company 50l., and the interest laid out in clothing.

The interest on this latter sum, amounting to 2l. 10s. a year, is carried to the almshouse account. The 100l. first mentioned forms part of the loan charities, and is dealt with under that scheme. There is no interest from the loan.

Solly's Charity.

Abigail Solly, by her will of the 9th July 1719, gave to the Company all her lands at Godstone, Surrey, to apply the rents in repairing the tombstone of her brothers, and to apply the surplus amongst poor men and women in December yearly.

The devised land consists of about 20 acres of land, without buildings. It is let to Mr. Henry Steer, yearly tenant, at a rent of 13l. a year.

The tombstone of the testatrix is situated in Bunhill Fields, and in the year 1861 the sum of 6l. 11s. 3d. was expended in its repair.

There had been no expenditure from 1856 to 1861.

The residue is paid to the poor account of the Company.

Spencer's Charity.

Nicholas Spencer, by will of the 3rd July 1597, devised to the Company a messuage and shop in Little St. Thomas the Apostle, upon condition to pay 52s. a year to Doddington parish, in the Isle of Ely, and 3l. 13s. 8d. to the parish of St. Thomas the Apostle, London.

The property charged with this gift has been sold for City improvements, and the money has been paid into the Court of Chancery. The Company pay 2l. 12s. a year to the churchwardens of Doddington, and 3l. 13s. 8d. to the churchwardens of St. Thomas the Apostle, upon their several receipts.

Charities of Stint, Rawthorne, Lane, and Lee.

In the year 1638, —Stint, Jeremy Rawthorne, William Lane, and Walter Lee, gave to the Company 50l. apiece, to pay yearly 12l. to 24 poor aged brethren.

The Company pay 12l. a year, representing the interest of 200l., which they carry to the poor account.

(See Elwes' Charity.)

Stuart's Charity.

The Rev. William Stuart, D.D., by his will of the 10th November 1733, gave,—

"Unto his wife Mary Stuart, the sum of 2,500l. for her to enjoy all the interest of the said sum during her life, and after the decease of his said wife (in case he should die childless), the said sum of 2,500l. to be equally divided between his nephew, the Rev. Charles Stuart, and his niece Mary Stuart, and to their or either of their children to be enjoyed by them and the survivor of them, but in case his said nephew and niece should die unmarried, or by their marriage should have or leave no children behind them, then the said testator declared his will was, and he did thereby give unto the Head Master of Merchant Taylor's School, in London, for the time being, and to the President and fellows of St. John Baptist's College in Oxford, for the time being, the sum of 1,250l. (being one moiety of the before mentioned sum of 2,500l.), and the other moiety of the said sum of 2,500l. he gave and bequeathed unto the Head Master of the said school for the time being, and unto the Masters and Fellows of Pembroke Hall (now Pembroke College) in Cambridge for the time being, in trust, nevertheless, that the Head Master of the said school, and the heads and fellows of the said two colleges respectively, should within two years after they were entitled to their respective moieties lay out the same in the best manner they could devise to answer for ever the design for which he gave the same, and which design was set forth in the said will in the following terms (videlicet):—That a boy who has continued in Merchant Taylors' School five years at least, in hopes of being elected out of it, and has come to the nearest to it, and yet lost the election for no fault in morals or defect in learning, but by superannuation only, that the said scholar may have no reason to think his time lost, or himself unhappy upon that account, the interest and profits annually arising out of that 1,250l. which I have given to the Head Master of Merchant Taylors' School, and to the President and Fellows of St. John Baptist's College in Oxon, in trust, I have given for the use and encouragement of that one superannuated scholar that shall enter himself in the said College of St. John Baptist's, Oxon, to be enjoyed by him for the space of eight years, and no longer, or for so long only as he shall reside there, and duly perform all the exercises that the statutes of that university and of the said college required of scholars, bachelors, and masters of arts. The other 1,250l. which I have given in trust to the Head Master of the Merchant Taylors' School aforesaid, and to the Master and Fellows of Pembroke Hall in Cambridge, I design for the use and encouragement of another scholar of Merchant Taylors' School that shall be superannuated as aforesaid, and shall enter himself of Pembroke Hall in Cambridge, and he shall receive and enjoy all the interest and profits arising from the said 1,250l. for the space of seven years from his first entry in that university, or for so long time only as he shall reside there and duly perform all the exercises that the statutes of the college and university require of scholars, bachelors, and master of arts. As soon as the term of eight years shall be fully completed by the said superannuated scholar in St. John Baptist's College in Oxon, and the term of seven years shall be completed by the other superannuated scholar in Cambridge, the payment of the interest of each of the said sums of 1,250l. shall be discontinued to them respectively, and as often as it shall happen that there shall be no scholar in Merchant Taylors' school actually superannuated in the manner above required from the expiration of the term allowed as above to each of the said scholars for their enjoyment of the said interest to the time that a scholar in the said school shall be superannuated as above, whatever interest shall become due, the Master of Merchant Taylors' school with the Heads and Fellows of the two colleges above mentioned shall have hereby power to demand and receive, and shall be obliged to add it to that 1,250l. from whence the said interest shall arise, for the augmentation of the said sum, and the better support of the said superannuated scholars for the future. But if there shall be in the said school a scholar that shall have actually lost the election by superannuation only within a year after the expiration of either the terms allowed as above to either of the said scholars in Oxford or Cambridge, then and in that case the interest that shall become due for that year shall not be reserved as above mentioned, but it shall be given to and be enjoyed by the boy that shall be superannuated within that year. And the testator gave certain directions as to the investment of the said trust funds during the lives of his wife, nephew, and niece. And he appointed the Head Master of Merchant Taylors' School, and the President and Fellows of Saint John Baptist's College, Oxford, and the Master and Fellows of Pembroke Hall, Cambridge, all for the time being, his executors, in trust for his said donation."

The said testator departed this life shortly after making his said will, and without having revoked or altered the same, and the same was duly proved in the Prerogative Court of the Archbishop of Canterbury on the 14th day of November 1734.

Upon the petition of the Master, Fellows, and scholars of the College of Valence Mary, commonly called the Pembroke College in the university of Cambridge, and of the Rev. John Power and the Rev. Wm. Haig Brown, two of the fellows of the said college, on the 18th day of June 1855, preferred unto the Master of the Rolls,

It was ordered that the agreement therein mentioned entered into by Pembroke College, Cambridge, and the Merchant Taylors' Company be carried into effect, and it was ordered that the Master, Fellows, and scholars of Pembroke College should, on the 1st day of December 1855, transfer the said sum of 3,036l. 17s. bank 3 per cent. annuities standing in their names in the books of the governor and company of the Bank of England into the name and with the privity of the Accountant-General of the court, in trust in the cause "Stuart v. AttorneyGeneral," and the said Accountant-General was to declare the trust thereof accordingly, subject to the further order of the court. And it was ordered that it be referred to the proper taxing master of this court to tax all parties their costs. And it was ordered that so much of the 3,036l. 17s. bank 3 per cent. annuities, when so transferred as therein-before directed, as would be sufficient to raise the amount of such costs when taxed, be sold with the privity of the said Accountant-General, and out of the moneys to arise by the said sale, it was ordered that the costs be paid as therein directed. And it was ordered that two equal seventh parts of the residue of the said 3,036l. 17s. bank 3 per cent. annuities which should remain after the sale therein-before directed, and two seventh parts of any dividend on the said bank annuities accrued prior to the sale, be carried over with the privity of the said Accountant-General, in trust in the said cause, to an account to be entitled "The Account of the Master, Fellows, and Scholars of Pembroke College, Cambridge," and the said AccountantGeneral was to declare the trust thereof accordingly, subject to the further order of this court. And it was ordered that the said two sevenths of the said dividends and the dividends to accrue due on the bank annuities when so carried over be from time to time as the same should become due, paid to Pembroke College Cambridge, to be applied by them in providing a scholarship to be called "The Stuart Scholarship," for such student of the said college as the said Master, Fellows, and scholars should from time to time elect, such scholarships to be subject to such rules and regulations as to the continuance and enjoyment thereof as the said Master, Fellows, and scholars should from time to time direct. And it was ordered that the remaining five equal seventh parts of the said residue, the amount to be verified by affidavit, and five seventh parts of any dividend on the said bank annuities, to accrue prior to the sale therein-before directed, be carried over in trust in the said cause, to an account to be entitled "The Account of the Master and Wardens of the Merchant Taylors of the fraternity of St. John Baptist in the city of London." And it was ordered that the said five seventh parts of the said dividends, and the dividends to accrue due on the said bank annuities when so carried over, and the dividends to accrue due on the said bank annuities to be purchased as herein-after directed, be from time to time, as the same should become due, paid to the Merchant Taylors' Company, to be applied by them in providing one or more exhibition or exhibitions at the university of Cambridge, to be called the Stuart exhibition or exhibitions, for scholars brought up in the Merchant Taylors' School, who should have been four years in the said school, and who should be proceeding to any college in the said university, such exhibition to be enjoyed for such term, not exceeding four years respectively, and to be subject to such rules and regulations in regard to the residence or otherwise as the master, wardens, and court of assistants of the said fraternity should from time to time establish, but no such exhibition should be enjoyed by any scholar who should have previously been elected to a Parkins exhibition. And it was ordered that the elections to such exhibitions be by the said master, warden, and court of assistants, at such times and in such manner as they should from time to time appoint. And it was ordered that any income of such exhibitions be from time to time invested by the said master and wardens in like annuities by way of addition to the existing capital fund.

The sum of 2,052l. 7s. 5d. consols stands in the Court of Chancery to the credit of the cause of Stuart v. The Attorney-General, the dividends amounting to 61l. 11s. 4d. being paid to an exhibitioner from the Merchant Taylors' School to some college in the university of Cambridge. There is a balance of 63l. 16s. 5d. cash arising from vacancies, which will be invested in increase of the capital stock.

Sutton's Charity.

Thomas Sutton, by will of the 26th May 1432, gave to the Company all his lands and tenements, with a wharf in St. James, Garlickhithe, and certain lands in Trinity the Less, for the relief of the poor in their almshouses near the hall, and for superstitious uses.

The property consists of the following particulars:—

£s.d.
Warehouse in Thames Street, let to the British Copper Company for 61 years, from Lady-day 181815220
No. 7, Great Trinity Lane, let to Edward Bartholomew for 21 years, from March 18455000
No. 5, Great Trinity Lane, let to William Cooke for 10 years, from Lady-day 18585000
Carried forward£25220
Brought forward25220
No. 6, Great Trinity Lane, and No. 2, Little Trinity Lane, let to G. H. Turnbull for 21 years, from Lady-day 18487000
No. 1, Little Trinity Lane, let to William Dunham for 12 years, from Christmas 18555200
£37420

The property is subject to a quit rent of 1l. 6s. (of which 4s. is deducted for land tax and 11d. for property tax), payable to the Duke of Bedford.

The whole residue of the income is carried to the almshouse account.

Thomlinson's Charity.

Thomas Thomlinson, by will of the 6th April 1567, gave to the Company a messuage in St. Mildred, in the ward of Broad Street, at the coldest time of the year to provide two loads of coal at 16s. a load, for the most needy of that parish; and to Christ's Hospital 20s. a year.

The property devised to the Company is situated in St. Mildred's Court, Poultry, and has been lately sold to the Goldsmith's Company, who were the reversioners of a long lease of 999 years. The Company pay 2l. 12s., that is to say, 32s. to the churchwardens of St. Mildred and 20s. to Christ's Hospital.

Charities of Thomas and Susannah Townsend.

Thomas Townsend, by his will of the 16th May 1789, gave to the Company a leasehold house in Broad Street, to apply the rents (after his wife's decease) in supporting a Thursday evening lecture in St. Michael, Crooked Lane, except in Passion Week, when it might be on Friday evening.

And the testator directed that the rents should be applied as follows:—

To the clergyman5/10ths.
To the parish clerk for candles, &c.2/10ths.
To a fund for renewing the lease1/10th.
To the Master and Wardens, out of which 40s. to the clerk1/10th.
Towards defraying the poor's rate of the parishes of St. Michael, Crooked Lane, and St. Benet Fink1/10th.

And Susannah Townsend, by her will of the 28th July 1810, gave to the Company 200l. per annum, long annuities, for the use of the lecturer, instead of the house, which bequest was void.

The sum of 4,525l. reduced three per cent. annuities, which stands in the corporate name of the Company, as stated in the last report (Vol. 17, p. 460) as the ultimate fund arising from the sale of the long annuities found upon the Chancery proceedings to be applicable to this Charity, produces a dividend of 135l. 15s. a year, which is thus disposed of:—

£s.d.
The lecturer, the Rev. Richard Whittington7584
The lecturer is chosen by the Master and Wardens, and is changed every third year. It is generally given to one of the Masters of the School. The lecture is preached on Thursdays in the parish of St. Magnus the Martyr.
The parish clerk of St. Magnus the Martyr3034
The Churchwardens of St. Michael, Crooked Lane71010
The Churchwardens of St. Benet Fink71010
The Officers of the Company1518
£135150

Tressawell's Charity.

John Tressawell, by his will of the 1st March 1518, gave to the Company a quit rent of 6s. 8d., and a cottage and garden, and another quit rent of 1l. 6s. 8d., to distribute the same in most pure and perpetual alms for evermore

The property devised by this will is,

£s.d.
The house, 61, Bread Street, let to James Holyland (now assigned to Messrs. Copestake & Moore) on lease for 21 years from Michaelmas 1848, at a rent of17000
There is also a rent-charge paid by Mr. Christopher Wren, an auctioneer in Brighton, which is only part o the 1l. 6s. 8d., which has been received by the Company for many years past0134
Carried forward£170134
Brought forward170134
A quit rent on property called the Saracen's Head, Bread Street, now belonging to the Company and leased to Daniel McAlpine068
£17100

The whole is carried to the poor account of the Company. (fn. 11)

Tudman's Charity.

William Tudman, in the year 1657, paid to the Company 250l., in consideration whereof the Master and Wardens, by deed of the 5th June 1657, covenanted to pay 12l. a year to the parish of St. Mildred, Poultry; and in consideration of a further sum of 50l., the Company agreed to pay 50s. to the poor.
The Company pay the 14l. 10s. a year, of which 12l. is paid to the churchwarden of St. Mildred, Poultry, and 2l. 10s. is carried to the poor account.

W. Tudor's Charity.

William Tudor, in 1655, gave to the Company 50l., to pay 50s. to the poor of the Company.
The Company carry 50s. a year to the poor account of the Company.

Sir William Turner's Charity.

Sir William Turner, by his will, gave to the Company 300l. to pay 3l. apiece to three poor clothworkers.
There is no specific investment of the money. The Clothworkers' Company nominate two persons for each of these pensions, when a vacancy occurs, and the Merchant Taylors' Company elect one. They are always full.

Vernon's Charity.

John Vernon, by his will of the 10th October 1615, gave to the Company 60l. to pay yearly 3l. 6s. 8d. as follows:—

£s.d.
To St. Michael Cornhill parish for bread280
For a sermon in the church on the day of testator's funeral0100
To the clerk and beadle020
To the sexton for keeping his monument clean068

And the testator gave 1,500l. to the Company to purchase land of the yearly value of 83l., to be paid as follows:—

£s.d.
For 4 exhibitions at St. John's College, Oxford1600
For the release of poor prisoners in London1600
To the three Wardens, 5s. each, the Clerk, 3s. 4d., and 1s. 8d. the Beadle.100
For 10 aged men of the Clothworkers', Woolwinders', Carpenters', Tilers', Plasterers', and Armourers' Companies4000
For clothing for such 10 men (the money to be expended every three years)7100

And the testator directed the remaining 50s. to be laid up yearly, for three years, and 10s. given to the 10 poor men on St. John's Decollation day, and the remaining 7l. the testator was to take allowance of in his next legacy.
And the said testator gave to the Company three houses, in St. Edmund the King, London, to pay 93l. a year, as follows:—

£s.d.
To 12 poor aged and needy men of the Company7200
To four poor men, reversioners (26s. 8d. each)568
To the officers of the Company for a dinner344

And he directed the remaining 12l. 10s. to be laid up for three years, and with the before-mentioned sum of 7l., making altogether 44l. 10s., to be expended—

£s.d.
For clothing for the 12 poor men and four poor reversioners2700
For clothing for the reversioners6134
To the 16 men on St. John's day0160
To the stock of the house1008

And the testator gave 30l. to the Company to be lent out at interest, and applied in the purchase of two rooms.
And he also gave 200l. to the Company as a stock for the purchase of coals.
And the testator gave the residue of his effects, after the payment of his debts and legacies, to be laid out in the purchase of land to be applied to some good use to the poor.
The legacies of 60l., 1,500l., and 200l., together with the residue, made up a sum of 2,915l. 6s. 9d., for which the Company charge themselves with interest at 5 per cent. It has never been invested.

£s.d.
2,915l. 6s. 9d. at 5 per cent.145154

The property devised by the will consists of the following particulars:—

£s.d.
House in Plough Court, Lombard Street, let to Hanbury & Co., chemists, for 21 years, from Christmas 18457500
No. 33, Lombard Street, let to Frederick T—Giles, exor. of Charles Glenny, for 11 years, from Christmas 185516000
No. 34, Lombard Street, let to Elizabeth Collinson, and Jane Collinson, for 11 years, from Christmas 185522000
No. 32, Lombard Street, let to William Salt, for 61 years, from Christmas 181310000
£700154
To this the Company from their proper funds add 24l. per annum to make up the four Exhibitions to 10l. a year each2400
£724154

The disbursements of the Company on account of this Charity are:—

£s.d.
The minister 21s., clerk 2s., and sexton 6s. 8d. of St. Michael, Cornhill. These sums are paid in the vestry room on the 23rd December, when the Company attend the church198
The churchwardens of St. Michael Cornhill, for bread, paid on the receipt of the churchwardens280
To the Prison Fund Account (see my rereport under that heading)1600
Two yearly pensions of 4l. each to poor clothworkers, who are elected by this Company from some nominated by the Clothworkers' Company800
Two yearly pensions to woolwinders or woolmen (nominated in the same way)800
One yearly pension to a carpenter (nominated in the same way)400
One yearly pension to a tiler (nominated in the same way)400
Two yearly pensions to plasterers (nominated in the same way)800
Carried forward£51178
Brought forward51178
Two yearly pensions to armourers (nominated in the same way)800
Twelve poor freemen of the Company, at 6l. each pension7200
Four poor freemen of the Company, at 2l. 2s. each880
Four exhibitions of 4l. a year each, to students in divinity at St. John's College, Cambridge, which exhibitions the Company have raised out of their own funds to 10l. a year4000
The amount retained yearly for the third of the cost of the gowns and cloaks21192
In the year 1860 the coats and cloaks cost 68l. 9s. 8d., and the surplus beyond 65l. 17s. 6d. being charged to the Charity, made the residue somewhat less in that year.
The Master, Wardens, Clerk, and Beadle of the Company2110
The residue is carried to the poor account In 1860 it was 517l. 17s. 4d., and In 1861 it was 519l. 19s. 6d.
£724154 (fn. 12)

James Wilford's Charity.

James Wilford, by his will in the year 1514, gave to the Company a rentcharge of 9l. 13s. 4d., out of the "Saracen's Head Inn," Friday Street, upon trust, to pay,—

£s.d.
Towards repairing the highway between Riverhill, Kent, and Northyam, Sussex700
To the poor of St. Bartholomew, Royal Exchange200
To the parson, for a sermon in Passion Week068
To the Wardens, Clerk, and Beadle of the Company068

The rentcharge is paid out of the estate charged, which belongs to the Company. The Company pay. To the churchwardens of St. Bartholomew, by the Exchange, deducting land tax, 1l. 12s. To the minister 1l. 1s., clerk 5s., and sexton 2s. 6d.; in the whole 1l. 8s. 6d. To the officers of the Company, 6s. 8d.
The sum of 7l., deducting 1l. 8s. a year therefrom as land tax, is annually paid. The last authority was signed by the churchwardens of Rye and two parishioners and inhabitants of Rye, and the same officers and the same number of inhabitants and parishioners of Northyam.
From the fund saved after the deduction of the land tax, the Company have increased some of the above payments, as appears by the foregoing statement, and carry the residue, amounting to 14s. 2d., to the poor account.

John Wilford's Charity.

John Wilford, by his will of the 4th February 1550, and subsequent codicils, gave an annuity of 14l. to the Company, 13l. thereof to be bestowed in repairs of the highways next adjoining the parish of Mitcham, Surrey, and the remaining 1l. to the Master, Wardens, and officers of the Company.
After the testator's death, his eldest son, James Wilford, granted an annuity of 4l. 13s. 4d. (one-third of the said annuity of 14l.), to one James White, charged upon freehold property in St. Bartholomew's parish, and which annuity was assigned to Richard Botyll, an agent of the Company. John Wilford, testator's second son, secured the remainder of the 14l. per annum by granting an annuity of 9l. 6s. 8d. to the said Richard Botyll, charged on premises in Mark Lane and Fleet Street, and Richard Botyll bequeathed the two annuities to the Company.
The rentcharges are collected by the Company, and amount, after the deduction of 2l. 16s. land tax, to the sum of 11l. 4s. a year. 10l. 8s. a year is paid alternately to the churchwardens of the several parishes of Mitcham, Streatham, Sutton, and Carshalton, their receipts being accompanied by a certificate of the surveyor of the highways that the amount has been expended in repairs.
The remaining 16s. is paid to the officers of the Company.

John Williams' Charity.

John Williams, by will of the 12th November 1712, gave to the Company 50l., to pay six poor cutting tailors or their widows 3l.
The sum of 3l. a year is paid by the Company to the poor account.

Wooller's Charity.

John Wooller, by will of the 26th March 1617, gave to the Company 24l. a year, to be issuing out of a tenement in St. Magnus the Martyr parish, and applied as follows:—

£s.d.
To two poor women in the Company's almshouses near Tower Hill540
To Christ's Hospital500
To Bridewell Hospital200
To poor prisoners in London400
To the poor of St. Magnus, London100
To the poor of Brighton100
To a poor scholar of St. John's, Oxford200
For fuel for seven poor almswomen100
Towards a potation for the Company100
To the Company's officers1160

The rentcharge of 24l. a year is paid by the proprietors of Fresh Wharf, Thames Street, and they add 8l. a year for an increase to the exhibition, making it up to 10l. a year.

£s.d.
The Company pay—
To the churchwardens of Brighton100
To the receiver of Christ's Hospital500
To the receiver of Bridewell Hospital200
To Mr. Temple, the officer of the City of London for poor prisoners400
Carried forward£1200
Brought forward1200
To the churchwardens of St. Magnus100
To an exhibitioner at St. John's, Oxford, nominated by the court of the Company1000
To the officers of the Company, master, wardens, clerk, and beadle1160
To the almshouse account540
£3000 (fn. 13)

Woolley's Charity.

Randolph Woolley, by will of the 23rd June 1615, gave to the Company 240l., to pay to two poor men of this Company, and to one poor man of the Clothworkers' Company, 4l. a year each, 12l.
And he also gave to the Company 100l., to pay to the Free School, Wolverhampton, 5l. a year.
And he also gave to the Company 50l., to pay to an almswoman 52s. yearly.
And he also gave to the Company 100l. to be lent in free loan, to four poor young men of the Company.
The sums amounting altogether to 392l. (taking the gift of 50l. to be 52l.), are credited to the Charity at 5 per cent. per annum, producing 19l. 12s. a year.

£s.d.
The Company pay—
To the Master of the Grammar School of Wolverhampton1134
To the Usher of the Grammar School at Wolverhampton368
Two pensions of 4l. a year each to the Merchant Taylors' Company800
One pension to the Clothworkers' Company (nominated as in other cases)400
To the almshouse account2120
£19120

The Company's books give no trace of the receipt of the 100l. on the loan account; but it is included in the fund under the decree. (See Loan Account.)

Almshouse Account.

From the several Charities, the following sums are annually carried over to the almshouse account:—

£s.d.
Barker's Charity25000
Candish's "168118
Dandy's "1200
Dowe's "13114
Ducie's "500
Gray's "106120
Hawes' Charity23800
Hyde's "500
Jenkinson's "700
Wm. Parker's Charity7100
Roberts' Charity6349
Shepham's "2100
Sutton's "3721611
Wooller's "540
£1,25708

The number of almswomen at the almshouse at Lee, are 29, with an additional house for the superintendent.

£s.d.
Each recipient receives as an ordinary allowance 27l. per annum78300
Extra allowances120150
Roberts' allowance of 2l. each5800
Gift of 10s. each at visitation14100
The clothing for the almspeople, 18615364
Coals (1861)9608
Carried forward£1,125120
Brought forward1,125120
Water rate900
Medical attendance31100
Gas1011
Stationery and books220
Pew rents at Lee church22100
Salary of superintendent and donation7910
Matron's attendant6100
Gardener57116
Nurseryman, seeds, &c.10172
Sweeping chimneys and sundries500
Rates and taxes42176
Repairs (1861) about5000
Insurance10116
£1,45437

The expenditure, so far as the Charities fall short, is made up out of the funds of the Company. The surplus expenditure for some years past has varied from 50l. to 300l. or thereabouts.

The Poor Account.

The following sums are carried over to this account:—

£s.d.
Elwes' Charity2000
Fish's "700
Hille's "500
Holland's "16468
Mason's "111178
Moore's "0160
Parry's "2100
Parson's "0130
Proctor's "4100
Solly's "(about)1000
Stint and others' Charity1200
Tressowell's "17100
Tudor's "2100
Tudman's "2100
Vernon's "519196
William's "300
Ramsay's "6150
Renneck's "376
£1,047154

A sum of about 500l. a year is administered to poor freemen and their widows, according to the cases laid before the Charity Committee of the Court of Assistants in sums varying from 1l. to 10l. or thereabouts.
On this account there have been created two classes of yearly pensions not falling under any specific Charity. There are 10 pensioners of 12l. a year to poor freemen of the Company, and 12 pensioners of 20l. a year to almswomen who are widows of Liverymen, not in the almshouses.
Some other sums are paid out of this fund for the increase of various pensions given under several of the Charities. These amounted together in 1861 to 16l. 2s.
The total payments in that year amounted to 876l. 2s.
There was at the end of 1861 a balance of cash to the credit of the poor account of 1,013l. 19s.

Loan Account.

An information was filed against the Company by the Attorney-General, at the relation of George Everitt, in January 1833, praying that the Company might be charged with the following sums:—
and that the same might be applied and made available to the use of the freemen of the Company according to the gifts, and that it might be referred to the Master to settle a scheme for the same. The decree was made by the Master of the Rolls on the 27th November 1834, on the admission by the Company of the receipt of the several sums mentioned, and it was referred to the Master to settle the interest due on the sums therein named, and also to settle a scheme. The Master made his report on the 27th April 1835, approving the following scheme.

£s.d.
Sir Thomas Rowe10000
Dame Mary Ramsay20000
Richard Shepham10000
Randolph Woolley10000
Edward Renneck10000
Henry Richards50000
James Church20000
£1,30000

1st. That the said sum of 1,300l. together with the amount of interest on the said sum of 500l., after deducting thereout 470l. 13s. 10d. for the taxed costs of the said relator and defendants, and such further costs as the court may direct, be from time to time lent out by the defendants with the assent of the said Company, in several sums of not less than 50l. each, and not exceeding 300l. each, for a term not exceeding four years according to their discretion, at such a rate of interest as shall yield an annual income of 32l. per annum at least, that being the amount of interest directed by the wills and deeds of Dame Mary Ramsay, Edward Renneck, and Henry Richards, to be reserved and to be applied by the Company annually to certain charitable uses therein mentioned.

2nd. That such portion of the said principal sums which at any time may not be out on loan or not to be required for that purpose, and would otherwise be in the Company's possession, should be invested in Government securities as the defendants with the assent of the assistants should think proper, and the dividends to arise thereon to be applied in the first place in making good any deficiency there may be in the receipt of the 32l. per annum so devoted to charity as aforesaid, and in the next place, in case there shall be no such deficiency or a surplus after providing for the same, such dividends or surplus to be distributed annually amongst the poor of the Company at the discretion of the said defendants with such assent as aforesaid.

3rd. That the said defendants shall not be liable to make good any loss that may arise from the failure of the orrowers of any portion of the said principal money or their sureties, unless such loss shall arise from the wilful default or neglect of the said defendants.

4th. That the borrowers shall be respectively required with two sureties each, such sureties to be approved by the said defendants, to enter into a joint and several bond to the same defendants, in a penalty of double the amount, but the condition of such bond to be in form and substance or to the effect following (that is to say), That if the borrower, his heirs, executors, or administrators, shall well and truly pay or cause to be paid unto the said defendants, their certain attorney, successors, or assigns, the sum of money borrowed at the expiration of the time for which such sum may be agreed to be lent, together with interest for the same in the mean time payable quarterly, And if it shall happen that the said borrower shall die, fall to decay, or dwell out of the city of London, or out of the bills of mortality before the day of payment, then that if the heirs, executors, or administrators of the said borrower shall well and truly pay or cause to be paid unto the said defendants, their successors or assigns, the sum borrowed with the interest within 60 days next after such the death of the said borrower, or his decay, departure, or dwelling out of the city of London, or out of the bills of mortality, which of them soever shall first happen, and also that if the sureties named in the bond or either of them shall happen to die, fall to decay, depart or dwell out of that part of Great Britain called England, before the said day of payment, then that if the said borrower or the survivor of the said sureties or either of them within 60 days next after such the dying, decaying, or dwelling out of England of them or any of them, shall find, name, cause, and procure such other able and sufficient person or persons as by the said defendants or their successors shall be thought fit and allowed of to be bound by their obligation to be sealed to the said defendants or their successors in the stead and place of him or them so dead, decayed, departed, or dwelling out of England, in such sum and with such condition and in such sort as he or they which shall be so dead, decayed, departed, or dwelling out of England shall then stand bounden, or else should pay or cause to be paid unto the said defendants, their successors or assigns, the sum of money borrowed, with the interest, within 60 days next after such the dying, decaying, departing, or dwelling out of England of them or any of them, which of them soever should first happen, without fraud or delay, then such bond to be void, otherwise to be in full force and virtue.

5th. That the clerk of the said defendants for the time being shall be at liberty to charge the borrowers respectively the usual and necessary charges for preparing and completing each bond.

6th. That when any portion of the principal money aforesaid shall be in the said defendant's possession to be lent out, advertisements shall be inserted in two or more of the daily newspapers at the discretion of the said defendants offering to lend out the same pursuant to the terms of this scheme, and notice thereof shall be put up in some conspicuous part of the hall or premises of the said Company in Threadneedle Street in the said City.

7th. That a book shall be provided by the defendants and kept by their clerk, in which shall be entered the names and residences of the respective borrowers and their sureties, their respective profession or business, the sums lent, the times of making the loans, and when payable, with the interest thereon, and such other particulars as may be thought material or necessary.

The cause came on to be heard on further directions on the 3rd June 1835, when it was ordered that the scheme be carried into execution, with the following variation in the second clause:—

"That the expenses attending the purchase or sale of any funds belonging to the Charity from time to time be in the first place paid out of the dividends to accrue due on such of the money as may be invested in bank annuities."

The loan fund and interest made together 1,345l., from which the taxed costs of 547l. 11s. were deducted, leaving 797l. 9s., which ultimately forms the capital of the loan fund. The court of the Company, on the 27th October 1835, ordered that the said sum should from time to time be lent out by the Master and Wardens.

Mr. Fisher, the clerk of the Company, has furnished me with an account, showing the state of the fund at the present time, of which the following is a copy:—

Original amount of the fund80000
Deduct—
Amounts lost by the failure of the following persons and their sureties, viz.:—
James Gomm£6000
G. H. Gilks105910
165910
Present amount of the fund£634102

Of which 200l. is out on loan to Mr. Stanley Peel Cannon, for four years from 18th November 1862, at 4½ per cent. per annum, and the remainder (434l. 10s. 2d.) in hand.

F. L. Hopkirk,
Accountant to the Company.

Merchant Taylors' Hall, 3rd May, 1864.

Prisoners' Fund Account.

In the year 1850 the Company presented a petition to the Court of Chancery, praying for a new scheme as to the Charities of John Hyde, Robert Dowe, and John Vernon, for the benefit of Poor Prisoners of London, in which it was submitted that the allowance for the relief of prisoners might be increased from 5l. to 30l. By an order made on the hearing of the petition, it was referred to the Master to inquire and state what alteration should be made in the scheme in the petition mentioned for the appropriation of the dividends and future surplus rents of the trust estates.

The Master by his report of the 18th July 1850, found (amongst other things) that difficulties had arisen in carrying into effect the trusts, and that in the year 1818, on the petition of the said Company, it had been referred to him to approve of a proper scheme for the appropriation of a sum of 405l 11s. 0d., and of the future surplus rents, and that in pursuance of the said order he had made his report of the 31st May 1820, and thereby, after stating that for a great many years prior to 1815 the said trust funds were wholly applied by the Company in the relief of poor prisoners, debtors, entitled to discharge, but were unable to pay their prison fees, but that since 1815, by reason of the Company having doubts as to the correctness of the application of the funds, the said Company had only partially applied such funds for the relief of poor prisoners debtors, and that there remained unapplied 405l. 11s., to which was added 262l. 16s., the amount of the residue of the rents for one year and a half, making together 668l. 7s. And after stating the particulars of the said devised estates, and of the several other funds belonging or applicable to the said Charity, together with the charges and payments directed to be made out of the rents and profits of the said estates so devised by the said John Hyde, as aforesaid, and that the said Master and Wardens proposed that the said sum of 668l. 7s. should be laid out and invested in the purchase of 3 per cent., Consolidated Bank Annuities in the names of the said Master and Wardens, and that the said Master and Wardens should yearly and every year divide the clear residue of the rents and profits of the estates so devised by the will of the said John Hyde, into three equal parts or shares, and should also divide the said trust moneys or yearly sums of 20l. and 16l., so given or directed to be paid by the said Robert Dowe and John Vernon, and also the dividends of the stocks or funds so proposed to be purchased with the sum of 668l. 7s. as aforesaid, into four equal parts or shares, and should apply the same respectively in manner thereinafter mentioned (that is to say) with respect to one equal third part or share of the said clear residue of the rents and profits, and of one-fourth of the said other trust moneys and interest, to pay and apply the same for and towards the discharge of the poor prisoners who for the time being should or might be confined for debt in the new prison in Whitecross Street, London, aforesaid, in the ward called the Giltspur Street Compter Ward, from such debt or debts, or as he, she, or they might be confined upon in such prison, not exceeding 5l. in the whole, by equal monthly payments, upon application to be made by any one or two or more poor prisoners in such ward, and requiring assistance to discharge the same, and that such application should be made by petition in manner prescribed by the form of the petition in the said report mentioned; and that the said master and wardens also proposed with respect to one other third part or share of the residue of the said rents and profits, and of one other fourth part of the other trust moneys and interest, that the same should be applied for or towards the discharge of poor persons confined in the said prison for debt, whose debt or debts upon which he, she, or they might be confined upon in the said prison did not exceed 5l. in the whole, in the same division, in the ward called the Poultry Compter Ward, and requiring assistance to discharge the same, to be applied for and certified upon petition in the same manner as therein before was mentioned with respect to poor prisoners, and confined in the same prison in the Giltspur Street Compter Ward as aforesaid; and that the said master and wardens proposed with respect to the remaining one-third part or share of the residue of the said rents and profits, and of one other fourth part or share of the other trust moneys and interest, that the same should be applied for or towards the discharge of poor prisoners confined in the said prison for debt, whose debt or debts upon which he, she, or they should or might be confined upon in the said prison did not exceed the sum of 5l. in the whole, in the same division, in the ward called the Ludgate Ward, and so requiring assistance to discharge the same, to be applied for and certified upon petition in the same manner as thereinbefore was mentioned with respect to the poor prisoners confined in the same prison in the Giltspur Street Compter Ward, as aforesaid; and that the said master and wardens also proposed with respect to the remaining one-fourth or share of the said other trust moneys and interest, that the same should be applied for or towards the discharge of poor prisoners confined in the said prison for debt in the Middlesex division, in the ward called the Newgate Ward, whose debt or debts upon which he, she, or they should or might be confined upon in the same prison should not exceed in the whole 5l., and requiring assistance to discharge the same, to be applied for and certified upon petition in the same manner as thereinbefore mentioned with respect to poor prisoners so as aforesaid confined in the same prison in the Giltspur Street Compter Ward, as aforesaid; and that it was further proposed that in case at any monthly meeting or court of the said Company the sum or sums appropriated in any month under the said proposal towards the discharge of the poor prisoners as aforesaid, or any part thereof, should not be applied for or granted, then that the monthly sum or sums appropriated and applicable as aforesaid, or any part thereof which should not be applied for or granted, should go and be added to the monthly sum appropriated for the ensuing month under the said proposal to and for the several purposes aforesaid, to the particular ward whose monthly sum or any part thereof should not have been applied for or granted as aforesaid, and so from time to time as often as the case should or might happen, and that every petition to be presented to the said Company from time to time by any poor prisoner from either of the said wards or divisions, and requiring assistance to discharge his or her debt or debts, and whose debt or debts upon which he, she, or they should or might be confined did not amount in the whole to the sum of 5l., should be presented, signed, and certified in manner thereinbefore and thereinafter mentioned, and left with the clerk of the said Company, at his office at the hall of the Company, at least seven days previously to any monthly court or meeting of the said Master and Wardens and Court of Assistants of the said Company; and after stating that a further sum of 175l. 4s. had been received by the said master and wardens on account of the said rents and profits, and other trust monies as therein mentioned, which said sum of 175l. 4s. being added to the said several sums of 405l. 11s. and 175l. 4s., made together the sum of 755l. 19s., and that he found that notice had been given to the poor prisoners who were confined for debt in the New Prison in Whitecross Street, of the proceedings before him in pursuance of the aforesaid order, and that they had declined to attend him, the said master, or to lay any scheme before him for the appropriation and application of the said trust moneys, he found by his said report of the 31st day of May 1820 that the nature of the said charities and the several funds belonging thereto were such as were particularly stated in his said report, and he thereby approved of the scheme therein-before stated for the appropriation and application of the balance of the said 405l. 11s., and of the further sums of 175l. 4s. and 175l. 4s. then in the hands of the said Company, and also of the future surplus rents of the trust estates and other trust moneys given by the said deed of Robert Dowe and by the said wills of John Hyde and John Vernon, consistently so far as might be with the charitable intentions of the said donor and the several testators respectively; and he further found by his said report that the yearly rental of the said estates so devised by the said John Hyde as aforesaid then amounted to the sum of 160l., and that the specific payments by the said will directed to be made thereout then amounted in the whole to the sum of 20l. 16s. And he found by an order of the court dated 31st day of July 1820 his said report was confirmed, and it was ordered that the costs of the said petitioners should be taxed and paid out of the said balance or sum of 755l. 19s., and that the residue of such balance should be invested in the purchase of bank 3 per cent. reduced annuities; and he found that the said costs were duly taxed and paid out of the aforesaid balance, and the residue thereof was invested in the purchase of 835l. 10s. 9d. Bank 3 per cent. reduced annuities, pursuant to the said order of the 31st day of July 1820. And he found by an Act of Parliament passed in the seventh and eighth years of the reign of Her present Majesty, intituled "An Act to amend the "Laws of Insolvency Bankruptcy, and execution," it was (amongst other things), enacted that from and after the passing the said Act no person should be taken or charged in execution upon any judgment obtained in any of Her Majesty's Superior Courts, or in any county Court of Requests or other superior court in any action for the recovery of any debt wherein the sum to be recovered should not exceed the sum of 20l. exclusive of the costs recovered by such judgment, and it was also enacted that all persons in execution at the time of the passing of the said Act upon any judgment obtained in any of the courts aforesaid in any action for the recovery of any debt wherein the sum recovered should not exceed 20l. exclusive of the costs recovered by such judgment, should and might upon the applica tion of any such person or persons for that purpose made at any time after the passing of the said Act to a judge of one of Her Majesty's superior Courts of Law at Westminister, or to the court in which such judgment should have been obtained to the satisfaction of such judge or court, be forthwith discharged out of custody as to such execution by an order of such judge or court. And he found that after the date of the said order of the 31st day of July 1820, and so far as circumstances would permit, the said Company applied the said trust property for the relief of prisoners for debt, pursuant to the before mentioned scheme, and that since the said Act came into operation there had ceased to be in the aforesaid prison any prisoners to the relief of whom the said trust property could be applied according to the terms of the said funds had been appropriated for the benefit of such prisoners, and that the surplus had from time to time been invested by the said Company in bank 3l. per cent. reduced annuities, and that there is now standing in the names of the said master in the books of the Governor and Company of the Bank of England the sum of 2,291l. 5s. 2d. bank 3l. per cent. reduced annuities, purchased with such surplus unappropriated trust moneys as aforesaid, together with the said 835l. 10s. 9d. bank annuities. And he found that the said trust property consisted of the said hereditaments devised under the said will of the said John Hyde of the 8th day of September 1604, the average net annual rental whereof for the last five years after deducting the aforesaid charges and other expenses therefrom has been 127l. 19s. 2d. or thereabouts, and of the said annual sum of 20l. under the said gift of the said Robert Dowe, and of the said annual sum of 16l. under the said gift of the said John Vernon, and of the said 2,291l. 5s. 2d. Bank 3 per cent. reduced annuities. And it was submitted on the part of the petitioners the Merchant Taylors' Company, that the beforementioned scheme should be varied by increasing the amount of debt in respect of which prisoners were or might be relieved, from not exceeding 5l. to a sum not exceeding 30l., and in consideration of the several circumstances in the said petition and herein-before mentioned, the Master was of opinion that the aforesaid scheme for the appropriation of the dividends of the said 2,291l. 5s. 2d. reduced annuities as well as the future surplus rents of the said trust estates and other trust moneys should be altered by increasing the amount of debt in respect of which the prisoners before referred to might be relieved according to the said scheme to a sum not exceeding the sum of 30l.

This Report was acted upon up to the period of the New Bankruptcy Law, since which time there are no applications for relief of this nature.

The present state of the Prison Funds is as follows:—

£s.d.
The accumulation of unapplied dividends, invested in 2,390l. 6s. 2d., reduced 3 per cent. annuities.71140
Dowe's gift2000
Vernon's gift1600
Hyde's gift (say about)42800
£535140

In addition to the foregoing sum, which all except Hyde's is dedicated to the four prisons jointly, and Hyde's to the Giltspur, Poultry, and Ludgate wards only, there is on the

£s.d.
Giltspur Ward Account (year 1861) — 1,085l. 0s. 3d., 3 per cent. reduced32110
(Subsequently 300l. cash has been invested, leaving a balance at the end of 1861 of 81l. 15s. 11d. cash.)
Ludgate Ward Account—1,155l. 3s. 6d., 3 per cent reduced annuities34130
(300l. cash has subsequently been invested, leaving at the same date a balance of 79l. 13s. 3d. cash.)
Poultry Ward Account — 1,035l. 3s. 8d., 3 per cent. reduced annuities3110
(To this 300l. cash has been added by investment, leaving at the same date a balance of 51l. 17s. 2d.)
Newgate Ward Account. —111l. 5s. 5d., 3 per cent reduced annuities369
£63759

There is therefore, at the present time, nearly 6,000l. reduced stock in the hands of the Company to the Prisoners' Fund Account.

All which I submit to the Board.

Thos. Hare,
Inspector of Charities.

28th June 1864. (fn. 14)

Rules and Regulations for the future Management and Conduct of Great Crosby School.

First.

The Master shall be a clergyman of the United Church of England and Ireland. He shall occupy the schoolhouse and premises without paying any rent for the same, but shall keep the said school-house and premises in good and tenantable repair and condition, and shall pay all rates and taxes and other outgoings in respect thereof. His fixed stipend shall be the sum of 120l. per annum, payable quarterly, and there shall also be paid to him, at the expiration of each quarter, the further sum of 5s. for each boy taught in the school, whose name shall have been upon the school register during the whole of such quarter. He shall be further entitled to share in the quarterages as hereinafter provided. The Court of the Merchant Taylors' Company will expend such sum, not exceeding the sum of 20l. per annum, as shall appear to them necessary, in or towards the substantial repair of the school premises and for the insurance of the same against loss or damage by fire. They will also pay to the Master the annual sum of 5l. towards the expense of warming and lighting the school-room.

The Master shall be at liberty to perform such ecclesiastical duties as he may think fit on Sundays, but, with this exception, he shall not hold or exercise any cure or other employment whatsoever, either ecclesiastical or civil, without the previous consent in writing of the Court of the Merchant Taylors' Company. The Master shall not be at liberty to take boarders.

Second.

The Usher shall be a member of the United Church of England and Ireland. His fixed stipend shall be the sum of 80l. per annum, payable quarterly, and there shall also be paid to him, at the expiration of each quarter, the further sum of 1s. 6d. for each boy taught in the school, whose name shall have been upon the school register during the whole of such quarter. He shall be further entitled to share in the quarterages as hereinafter provided. The Usher shall not be at liberty to hold or exercise any other office or employment, which, in the opinion of the Court of the Merchant Taylors' Company, may interfere with the proper discharge of his duties in connection with the school. In consideration of the services of Mr. Ritson, as Usher, there shall be paid to him the further sum of 20l. per annum.

Third.

The number of boys to be admitted into the school shall, for the present, be limited to 70, of whom not exceeding 28 shall be called "Harrison's Scholars." No boy shall be qualified to be a "Harrison's Scholar" unless his parents or guardians shall be resident within the parish of Sephton, and, if at any time there shall be more applicants than vacancies, a preference shall be shown to those boys whose parents or guardians shall be resident within the township of Great Crosby. As regards other boys, the school shall be open to all whose parents or guardians shall desire to avail themselves of its benefits, but, whenever there shall be more applicants than vacancies, a preference shall be shown, in the first instance, to those whose parents or guardians shall be resident within the township of Great Crosby, and, in the next, to those whose parents or guardians shall be resident within the other portions of the parish of Sephton. No boy shall be admitted into the school either as a "Harrison's Scholar" or otherwise, who shall be under the age of eight years, nor unless he can read and write competently, and no boy shall be permitted to remain in the school after he shall have completed the age of 17 years.

All applications for admission into the school shall be made to the Master, and shall be upon printed forms, which shall be issued by the Master to such persons as shall apply for the same. The applications for admission shall be submitted by the Master to the Visitors, and shall be dealt with by them as hereinafter provided.

All boys admitted into the school shall, during their continuance therein, conform to the rules and regulations for the time being in force, and any boy who shall wilfully act contrary to such rules and regulations shall be liable to expulsion.

Fourth.

The Master shall keep a register of all the boys who for the time being shall be taught in the school; such register shall show the names and residences of the boys, the names and occupations of their parents or guardians, the dates of their admission and their ages at the time of admission.

Fifth.

The ordinary course of education in the school, shall com prise instruction in the Christian religion, in the English, Greek, and Latin languages and literature, and in writing, arithmetic, mathematics, geography, and history. Such education shall be afforded to the "Harrison's Scholars" without fee or reward, but for each of the other boys there shall be paid to the Master, to be accounted for by him to the Court of the Merchant Taylors' Company, the quarterly sum of 25s., payable in advance. Each boy not being a "Harrison's Scholar" shall pay an entrance fee of one guinea, which shall be applied, under the direction of the Court of the Merchant Taylors' Company, in support of the school library.

Sixth.

There shall also be taught to those boys, whose parents and guardians desire the same, but subject to separate charge, the French language and drawing, and such other subjects as the Court of the Merchant Taylors Company shall from time to time direct. The arrangements as to such further instruction shall be made by the Master, subject to the approval of the Court.

Seventh.

The religious instruction to be afforded in the school shall, as regards all the "Harrison's Scholars," and as regards all such other boys, whose parents or guardians shall not express their conscientious objections thereto in writing, be in accordance with the doctrines and discipline of the United Church of England and Ireland, The "Harrison's Scholars" unless prevented by illness or other reasonable cause, to be judged of by the Master, shall assemble in the school-room every Sunday morning, shortly before the commencement of divine service at Great Crosby Church, and shall proceed thence to Church, and, at the conclusion of the service, shall return to the school-room and shall be there dismissed; in their progress to and return from Church, and during their attendance thereat, they shall be accompanied by the Usher, but the Master shall be responsible for the due observance of this rule.

Eighth.

The Court of the Merchant Taylors' Company will expend such sum, not exceeding the sum of 20l. per annum, as shall appear to them necessary, in the purchase of books and stationery for the use of the school.

The Court will also expend such sum, not exceeding the sum of 10l. per annum, as shall appear to them necessary, in the purchase of books for prizes and rewards.

Ninth.

The quarterages which shall be received by the Master in respect of the ordinary education in the school, shall be applied as follows, viz., two equal fourth-parts thereof shall be retained by him for his own use, one other fourth-part thereof shall be paid by him to the usher, and the remaining fourth-part thereof shall be applied as the Court of the Merchant Taylors' Company shall, from time to time, direct for the benefit of the school.

Tenth.

The boys shall be examined half-yearly in the months of June and December; the examiners shall be from time to time appointed by the Court of the Merchant Taylors' Company, and shall hold their offices during the pleasure of the Court. Immediately after each examination, the examiner shall report the result thereof to the Court, and shall receive for the same the sum of 5l. For the present, the Master shall be the examiner at the December examinations.

Eleventh.

The school vacations shall be at Midsummer and Christmas; the former shall commence on the 21st day of June, and last five weeks, and the latter shall commence on the 21st day of December, and last four weeks; the following days shall also be observed as holidays, viz., the Queen's birthday, Easter Eve and Easter Monday, the 15th of May, (being the birthday of John Harrison, the founder of the school,) the 29th September, and the 9th of November; in the event of any of the aforesaid days being a Sunday the holiday shall be kept on the Monday following.

Twelfth.

There shall be a local visitation of the school by Visitors appointed by the Court of the Merchant Taylors' Company. The Visitors shall decide upon all applications for admission into the school, but, in so deciding, shall have regard to the rules herein-before contained. They shall also have power to expel any boy from the school for misconduct, but any such expulsion may be made the subject of appeal to the Court by the parents or guardians of the boy so expelled.

Thirteenth.

The Master, with the concurrence of the Visitors, may make such rules for the internal regulation of the school as he shall deem necessary or expedient; but such rules shall be of no force until approved by the Court of the Merchant Taylors' Company. The Court will also from time to time make such additions to or alterations in the rules for the internal regulation of the school as they may think fit. Copies of the rules for the time being in force, shall be affixed to the walls of the school-room in conspicuous places, and a copy thereof shall also be given to the parents or guardians of every boy upon his admission into the school.

Fourteenth.

The several rules and regulations herein-before contained are liable to be varied by the Court of the Merchant Taylors' Company as they may think fit.

By Order of Court of the 2nd May, 1861.

Samuel Fisher, Clerk to the Merchant Taylors' Company.

Footnotes

1 In consequence of the increased income of the Charity arising from the development of the Trust Estate, application was made to the Commissioners, and by an Order of the Board, dated 27th November 1868, a scheme was established for its future regulation and management. The provisions of the scheme are as follows:—
Boone's Charity Scheme.
1. This Charity and the funds and endowments thereof shall be managed and administered by the Master and Wardens of the Merchant Taylors' Company of the City of London as the trustees thereof in conformity with the provisions of this scheme.
2. The trustees, with the sanction of the Board of Charity Commissioners for England and Wales, shall be at liberty to rebuild the almshouses and chapel belonging to the Charity upon sites and in accordance with plans and estimates to be approved by the said Commissioners, and to apply the sum at their disposal arising from the accumulations of income of the Charity (so far as the same will extend) towards the cost of such new buildings, and to provide the remainder of such cost by means of a loan or loans to be raised and borrowed by the trustees either upon the security of the Charity estate or a competent part thereof or in such other manner as the said Commissioners shall sanction or approve.
In the reconstruction of the chapel, accommodation shall be provided primarily for the almspeople and the officers and other persons belonging or attached to the Charity, and subject thereto for the lessees or tenants of the Charity estate and other persons resident in the locality, to whom the privilege of attending the services in the chapel may be conceded by the trustees upon such terms and conditions, and subject to such reasonable regulations as they shall from time to time think fitting and expedient.
The pew rents (if any) to be reserved by the trustees in exercise of the foregoing authority for sittings in the said chapel, shall be applicable towards the maintenance of the chapel and its services and the payment of the salaries of the chaplain and clerk, and subject thereto to the general purposes of the Charity. One half at least, however, of the pews and sittings in the chapel shall be free.
3. The clear amount of the annual income of the Charity, after the payment thereout of the cost of repairing and insuring the almshouse buildings and chapel and all other necessary and proper outgoings and expenses of management and receiver's commission for collecting the rents shall be applied by the trustees first in the payment of the annual interest of the principal sum or sums (if any) that may for the time being be due and owing in respect of any such loan or loane as aforesaid, and in the establishment of a sinking fund for the repayment of such loan or loans within the period of 20 years from the date of their respective contraction, and subject thereto to the several purposes herein-after mentioned.
The Almshouses.
4. There shall in future be 12 almspeople belonging to the Charity, who shall respectively be single persons of either sex of good character, being of the age of 57 years at the least, who shall have resided in one of the parishes of Lee, Lewisham, or Greenwich, for not less than five years next preceding the time of election, and who shall not during that period have been in receipt of parochial relief, with a preference for those persons qualified as aforesaid who from misfortune or accident shall have fallen from better circumstances into indigence. Provided that candidates from the parish of Lee having the qualifications aforesaid shall in every case be entitled to be elected in preference to candidates from either of the parishes of Lewisham or Greenwich, and candidates from the said parish of Lewisham in preference to those from Greenwich. A married couple, having each of them the qualifications aforesaid, may in special cases be appointed in lieu of and with the same stipend and emoluments as a single almsperson, and the survivor of any such couple may continue to hold his or her appointment in the same manner as a single almsperson after the death or removal of the other of them.
5. The trustees may appoint one of the almspeople to be the superintendent. It shall be the duty of the superintendent, subject to such regulations as may be prescribed by the trustees, to assist the trustees and the chaplain in maintaining order and discipline amongst the almspeople and to report to the chaplain, for the information of the trustees, any breach of rule or other occurrence calling for their notice or intervention. The superintendent shall be removable from his distinctive office at any time by the trustees at their discretion.
6. There shall be paid out of the income of the Charity to each of the almspeople a weekly stipend or sum of 10s., and to the superintendent a further weekly sum of 4s. in addition to his stipend as an almsperson.
7. The almspeople shall be nominated and appointed in manner herein-after mentioned. There shall be a body of "nominators," who shall consist of the rector and churchwardens of the parish of Lee, and the respective incumbents and churchwardens of the districts of Christ Church and Holy Trinity in the same parish, and their respective successors for the time being, and of seven other persons resident in one of the said parishes of Lee, Lewisham, or Greenwich, who shall be elected by the vestry of the said parish of Lee, as soon as conveniently may be after the establishment of this scheme, and whose election shall be forthwith notified to the said trustees by the vestry clerk of the same parish. Upon the death, resignation, or removal from residence in one of the aforesaid parishes of any elective nominator, a fresh election of a nominator shall be made by the said vestry in a similar manner. The power of appointing the elective nominators shall lapse to and be exerciseable by the trustees if the election by the vestry shall not have been fully made and notified to the trustees as aforesaid as to the first election within the period of three calendar months next after the establishment of this scheme, and as to any subsequent election within the like period next after the occurrence of the vacancy. In the event of any further division of the said parish of Lee the body of nominators may be increased by the addition of any official or other persons as may be directed by the order of the Charity Commissioners upon the application of the trustees.
8. A written notification of the occurrence of every vacancy in the almshouses shall be forthwith given by the trustees or their clerk to the vestry clerk of the parish of Lee, who shall thereupon convene a meeting of the nominators, stating in the notices convening the meeting the particulars of the existing vacancy or vacancies; and such nominators, or a quorum of them, consisting of not less than nine, present at such meeting, shall, by a resolution adopted by a majority at least of them, proceed to elect and nominate to the trustees for appointment some duly qualified person or persons to fill such vacancy or vacancies respectively; and the person or persons so elected and nominated shall be appointed accordingly by the trustees. In the event of the number of votes of the nominators upon an election being equal, the chairman to be elected by those present at such meeting to preside thereat shall have a double or casting vote.
If and so often as the nominators shall neglect or omit to elect and nominate to the trustees a duly qualified candidate for appointment to the almshouse as aforesaid within the period of three calendar months next after the transmission of the notice of the vacancy to the vestry clerk of the said parish, the trustees shall be at liberty to appoint some duly qualified person to fill such vacancy without any further communication with the nominators.
9. The trustees shall be at liberty to appoint a medical officer to attend upon the almspeople and to supply them with medicines and such medical appliances as may be necessary, at a yearly salary not exceeding 20l., such salary to include the cost of such medicines and appliances. A special, payment may, however, be made by the trustees to the medical officer in addition to his fixed annual salary as a remuneration to him for his attendance and services in any case requiring extraordinary care and treatment.
10. No almsperson shall be absent from the almshouse for a period exceeding 24 hours without the consent in writing of the chaplain, but in special cases such consent may, for any sufficient reason, be given retrospectively after the absence has occurred.
11. If any almsperson shall be guilty of insobriety, insubordination, breach of rules, or immoral or unbecoming conduct, or shall become disqualified from retaining his or her appointment, or if in any case it should appear that any almsperson has been appointed without having the required qualifications, the trustees, upon proof thereof to their satisfaction, may remove such almsperson and take possession of the tenement or room occupied by him or her, and may proceed to appoint another almsperson in his or her place, or in any such case (except that of disqualification) the trustees may, if they so think fit, suspend the payment of the stipend to the almsperson either wholly or in part, during such time as they shall think fit and expedient.
12. No almsperson shall be permitted to let or part with the possession of the room or rooms allotted to him or her, or to suffer any stranger, except in cases to be allowed by the trustees, of sickness or infirmity, to occupy the same or any part thereof.
13. The almspeople, unless prevented by sickness or other reasonable cause, shall attend divine service in the chapel once at least on every Sunday and on every Good Friday and Christmas Day.
The Chaplain.
14. There shall be a chaplain for the purposes of the charity, who shall be appointed by the trustees, and shall be a clergyman of the Church of England, in priest's orders.
15. The rector for the time being of the parish of Lee, if resident therein and willing to accept the office of chaplain, shall be preferred by the trustees in making any appointment to the office, unless the vacancy shall have been occasioned by the removal of such rector from the chaplaincy or his resignation of that office.
16. The trustees shall pay to the chaplain out of the income of the charity a yearly salary or stipend of not less than 75l. and not more than 100l., as they shall from time to time determine.
17. The chaplain shall be required to perform either in person or by his licensed curate, or substitute appointed as herein-after mentioned, one full service at the least in the chapel attached to the almshouses on every Sunday throughout the year, at 11 o'clock in the forenoon, or such other hour as shall be from time to time prescribed by the trustees, having regard to the convenience of the almspeople and other persons attend ing such service.
The trustees may, if they so think fit, require that the chaplain shall provide for the performance of two full services in the said chapel on each Sunday, and they may in that case make such an additional payment to him out of the income of the Charity, if sufficient for that purpose, as shall make up his full yearly stipend to any sum not exceeding 150l.
18. The chaplain shall visit and administer spiritual consolation to the almspeople, and shall have the immediate superintendence and control over them, subject to the superior authority and direction of the trustees. The chaplain shall also once at least in each year make a report to the trustees upon the state and condition of the almshouse branch of the Charity, mentioning in such report any special circumstances which shall in his judgment call for attention on the part of the trustees.
19. The chaplain may be removed from his office by a resolution of the trustees for incapacity or refusal or omission to perform the duties of such office, or for any other sufficient cause to be determined by the trustees. During the temporary legal absence of the chaplain the duties of the office may be performed by a duly qualified substitute to be appointed by him subject to the approval of the trustees.
20. The trustees may pay out of the income of the Charity a yearly sum not exceeding 15l. for the salary of the clerk of the said chapel, who shall be appointed by the said trustees upon the recommendation of the chaplain, and who in consideration of such salary shall attend the services in the chapel, and perform all the duties of clerk, pew openor, and sexton thereof, as shall be directed by the chaplain, and shall also keep in order the garden and ground attached to the almshouses and chapel, and the tomb or vault of the founder of the said Charity in the churchyard of the parish of Lee.
The trustees shall also apply a further yearly sum not exceeding 25l. in lighting and warming the said chapel, and providing and maintaining the requisite furniture, books, and utensils, and for the other expenses incidental to the due performance of divine service in the same chapel.
21. The trustees may from time to time prescribe such reasonable regulations as they may consider expedient for the government of the almshouse and the inmates, officers, and attendants thereof, provided that no such rules shall be inconsistent with the provisions of this scheme.
The Education Fund.
22. Out of the clear yearly income of the Charity which shall remain after providing for and satisfying the several payments and purposes aforesaid, the trustees shall reserve and set apart a yearly sum of 120l., or such other less sum as the said residuary income shall be sufficient to provide, and shall invest the same in the purchase of 3l. per cent. consolidated annuities, the dividends whereof shall be accumulated and invested in like manner for the formation of a fund to be called "the education fund," which shall be applicable to educational purposes for the benefit of the parish of Lee and the adjoining parishes or districts, according to a further scheme to be hereafter established by the order of the Charity Commissioners upon the application of the trustees.
23. The residue (if any) of the yearly income of the Charity shall be reserved and invested by the trustees in like manner as a residuary fund, which shall be applicable in furtherance of the objects of the Foundation, according to the provisions of a similar scheme to be established in like manner by the order of the Commissioners.
24. If any doubt or question shall arise amongst the trustees or any of them, as to the construction or proper application of any of the provisions of the scheme, or the management of the Charity, application shall be made by them to the Charity Commissioners for England and Wales for their opinion and advice, which when given shall be conclusive on all persons interested and claiming under the Charity.
By an Order of the Board dated 26th July 1872, the Company were authorised to purchase a site for the new almshouses, at the price of 2,250l., to be provided out of the accumulated income of the Charity.
A piece of freehold land situate at Lee was duly conveyed to the trustees by an indenture dated 31st July 1872, and by an Order of the Board dated 17th January 1873, the legal estate in the hereditaments comprised therein was vested in the Official Trustee of Charity Lands.
The new almshouses and chapel have been erected and completed at an aggregate cost (including architect's commission and all incidental expenses) of 7,831l. 12s. 2d., which was provided for as follows:—
£s.d.
Proceeds of sale of 1,774l. 11s. 7d. Consols1,63953
Sale of site of old almshouse and buildings, by Order of the Board dated 17th February 18801,75000
Surplus income1,642611
Loan at 4 per cent. advanced out of Company's corporate funds2,80000
£7,831122
This expenditure was authorised by Order of the Board dated 6th May 1879, whereby it was directed that the sum of 2,800l. advanced by the Company should be repaid within 20 years by instalments of 150l. each to be reserved out of the income of the Charity.
2 Charity of Sir William Craven.
By an Order of the Board, dated 12th November 1867, the premises No. 7, Pope's Head Alley, were let to Mr. Frederick King for the term of 80 years, from Christmas 1866, at a yearly rent of 500l., a sum of not less than 3,000l. having previously been expended in rebuilding.
3 Robert Donkin's Charity.
The question of the proper construction of the will of the founder was raised in the year 1870 by the Company in proceedings taken by them against the AttorneyGeneral. It was held by the Master of the Rolls, whose decision was confirmed on appeal, that the Merchant Taylors' Company were not entitled to the surplus for their own benefit, but were bound to apply it for charitable purposes.—Merchant Taylors' Company v. AttorneyGeneral, Law Reports, 11 Eq. 35, and 6 Ch., Ap. 512.
In 1869 the trust funds of the Charity consisted of the sum of 34,893l. 2s. 9d. consols, arising from the proceeds of the sale, under the Lands Clauses Consolidation Act, 1845, of 21 houses in Sun Street, Bishopsgate, to the Great Eastern Railway Company, and from the sale of 12 houses to the North London Railway Company, and 12,358l. 10s. 6d. reduced 3l. per cents. purchased from time to time with the amounts received in respect of dividends on the stock and the rents and profits of the real estate.
The Charity was also possessed of certain other freehold messuages situate in Sun Street, Bishopsgate, and No. 145, Bishopsgate Street, producing an annual rent of 572l.
By an Order of the Board, dated 25th February 1870, the Company as the trustees of the Charity were authorised to purchase for the sum of 9,500l. the freehold property known as Fitzleet House, situate at Bognor, and the grounds belonging thereto, containing 7a. 2r. 8p., which was duly conveyed to the Company by an indenture dated 25th March, 1870.
By an indenture of 1st June 1870, in consideration of the sum of 100l., a pew in St. John's Church, Bognor, and four other sittings in the Church, were conveyed for the purposes of the Charity.
The trustees further acquired, in consideration of the sum of 100l., a piece of ground adjoining the premises comprised in the above-mentioned deed of 25th March 1870.
By an Order of the Board, dated 26th March 1872, all the land and other hereditaments held in trust for the Charity were vested in "the Official Trustee of Charity Lands" and his successors.
And by the same Order the following Scheme was established for the Management and Regulation of the Charity.
1. Merchant Taylors' Company to have the administration of the Charity as "The Governors" thereof.
The master and wardens of the Merchant Taylors of the fraternity of St. John Baptist in the City of London, usually called "The Merchant Taylors' Company." and their successors (hereinafter called "the Governors"), shall be the trustees or governors of the Charity, and shall have the administration and management thereof, subject to and in conformity with the provisions of this Scheme.
2. Clerk.
"The Governors" shall be at liberty to employ a clerk or other similar officer for their assistance in the administration of the Charity, and to pay to him a reasonable annual salary out of the income thereof.
3. Clear income of Charity after payment of expenses of management applicable to support of the Convalescent Home.
The clear annual income of the Charity which shall remain after the payment thereout of the necessary and proper outgoings and expenses of management, and the several annual sums required for providing the specific gifts of clothing and money directed by the founder (so far as there shall be duly qualified applicants for the same), shall be applied by "The Governors" in accordance with the provisions of this Scheme in or towards the maintenance and support of the Convalescent Home or institution herein-after mentioned.
4. To be established at Fitzleet House, Bognor.
The said Convalescent Home shall be established and carried on in the building known as "Fitzleet House," situate at Bognor in the county of Sussex, which has been recently purchased by the said Company with the sanction of the Charity Commissioners, and which building, with the grounds and appurtenances attached thereto, shall be appropriated and used for the purposes of the said home.
5. Design of the Convalescent Home.
The design of the said home shall be the temporary reception, treatment, and maintenance of deserving poor persons of either sex, who shall have partially recovered from, but shall be still incapacitated to some extent by the effects of, an injury or surgical operation, or any illness not of a contagious or infectious character, with the object of promoting their complete restoration to health.
6. Committee of Management.
"The Governors" may from time to time appoint a committee of 12 persons, consisting of the master and wardens for the time being and seven other members of the Court of Assistants of the said Company, to whom shall be committed the immediate supervision and control of the said home, and the inmates, officers, and servants thereof, subject to the superior authority and direction of "the Governors;" and the members of the said committee shall hold office until others shall be appointed in their respective places.
7. Qualification and selection of inmates of home.
The inmates to be placed in the said home shall be selected by the said committee after due inquiry from persons who have been recently discharged as patients from any hospital in or near London, or from any other duly qualified applicants whom the said committee may consider fit and proper objects for admission according to the provisions of this scheme.
8. Inmates to be lodged and boarded, &c. in the home.
The inmates shall be lodged and boarded, and supplied with all necessary medical attendance in the home gratuitously, except that in special cases the said committee, having regard to the circumstances of any inmate, may, if they so think fit, require a moderate weekly or other payment to be made by such inmate towards the cost of his or her maintenance.
9. Number of inmates.
The number of inmates to be admitted to the home shall also be fixed from time to time by the said committee, having regard to the extent of the available accommodation, and the resources of the Charity.
10. Period of continuance of inmates in the home.
The inmates shall be allowed to continue in the home during such period, not exceeding three calendar months, as shall be fixed from time to time by a resolution of the committee; provided that in cases of sickness, or other necessity, the committee shall have power to make any necessary extension of that period; but every such case shall be specially reported by the said committee to "the Governors" for their approval.
11. Inmates may be selected as recipients of clothing gifts.
Any inmate having the qualifications required by the will of Robert Donkyn may, if the Governors think fit, be selected as a recipient of a gift of clothing thereunder.
12. Officers of institution.
For the effective conduct of the home, the committee may from time to time appoint:—
1st. A duly qualified medical officer, resident in London or its vicinity, whose duty it shall be to examine the applicants for admission to the home, and to report thereon to the committee.
2nd. A duly qualified medical officer, resident in Bognor or its immediate vicinity, whose duty it shall be to visit and give all necessary medical attendance and medicines to the inmates of the home.
3rd. A matron, being a deserving woman of not less than 30 or more than 50 years of age at the time of appointment, who shall either have been trained as a nurse in some public metropolitan hospital, or shall have furnished such other proof of her qualifications as the committee may require, and who shall reside in the said home, and have the general charge of its domestic and internal management, and of the inmates and servants thereof, subject to the directions and authority of the committee.
4th. All such servants and temporary or other nurses and attendants as shall, in the judgment of the committee, be required from time to time for the purposes of the institution.
13. Removal and salaries of officers.
Every such medical officer, matron, servant, nurse, and attendant, shall be removable at any time, at the discretion of the committee, who, subject to the approval of "the Governors," may also fix from time to time the amount of the salary or remuneration to be paid to every such person out of the income of the Charity.
14. Rules.
"The Governors" may from time to time make and establish proper rules and regulations (not being inconsistent with the provisions of this scheme) for the conduct of their proceedings, and of the proceedings of the committee in connexion with the administration of the Charity, and for the government and management of the said home and the inmates thereof, and of the said medical officers, matron, attendants, and servants.
15. Scheme. to be printed.
"The Governors" may cause this scheme to be printed at the expense of the Charity, and copies may be given by them to any person interested in the Charity, and may be sold at such reasonable prices as the Governors may put upon them.
16. Questions to be referred to Commissioners.
If any doubt or question shall arise amongst "the Governors," or any of them, as to the construction of proper application of any of the provisions of this scheme, or the management of the Charity, application shall be made by them to the Charity Commissioners for England and Wales for their opinion and advice, which when given shall be conclusive.
By a further Order of the Board, dated 5th July 1872, the Commissioners sanctioned the payment out of the funds of the Charity of the two sums of 100l. each abovementioned, and the disbursements made by the trustees in respect of repairs, improvements, and alterations of the buildings at Bognor, and the expenses of maintaining the establishment, &c., amounting in the aggregate to 4,250l.
Under an Order of the Court of Chancery, dated 2nd August 1873, certain freehold property known as No. 3, Angel Court, let on lease for a term of 28 years from 24th June 1871, at an annual rent of 800l., was purchased by the Company for a sum of 16,800l., which property was duly conveyed to the company by deed, dated 20th January 1874.
Under another Order of the Court of Chancery of the same date (2nd August 1873), a sum of 11,200l. was invested in the purchase of certain freehold property known as Nos. 66 and 67, Cheapside, let on lease for a term of 99 years from 25th December 1839, at the annual rent of 400l., which property was duly conveyed by deed, dated 10th December 1873, to the company in trust for the purposes of the Charity.
The real estate in the hereditaments comprised in the above-mentioned indentures of 10th December 1873, and of 20th January 1874, was by Orders of the Board respectively, dated 27th July 1875, vested in "The "Official Trustees of Charity Lands" in trust for the Charity.
In the result of the foregoing dealings with the property, the sum of stock now belonging to the Charity amounts to 11,589l. 19s. 1d. consols and 2,921l. 17s. 6d. reduced 3l. per cent. annuities; and the real estate belonging to the Charity consists of the premises Nos. 66 and 67, Cheapside, and No. 3, Angel Court, Throgmorton Street, above mentioned; the house No. 145, Bishopsgate Street, and the houses Nos. 83, 85, 87, 89, and 91, Sun Street; and also the premises known as Nos. 93, 95, and 97, Sun Street, producing a gross rental of 1,689l.
The clear annual income, subject to the payment of the several annual sums required for providing the specific gifts of clothing and money directed by the founder, is directed by the scheme above mentioned towards the maintenance and support of the convalescent home at Bognor.
For other funds applicable towards the support of this institution, see note infra, Prisoners' Fund Account.
4 Charity of Robert Dowe.
Under the authority of an Order of the Board, dated 9th April 1872, the messuage and premises No. 73, Watling Street, held by the Company under Robert Dowe's gift, and then known by the name or sign of the Crown Tap, was leased for the term of 70 years from Michaelmas 1871 at the annual rent of 130l. to Mr. J. Godwin Smith, the lessee covenanting to rebuild the said messuage at a cost of not less than 1,000l., which is now used as a warehouse.
By an Order of the Board, dated 7th January 1876, the annual sums amounting in the aggregate to 158l. 12s. 9d. for the relief of poor members of the Company, the release of poor prisoners for debt, the provision of bread and beer for the masters and examiners at the Probation of Merchant Taylors' School, and the payment of certain small sums to the officers of the Company, were redeemed by the transfer to the Official Trustees of Charitable Funds of the sum of 5,288l. 6s. 8d. consols, and the dividends thereof are now applied for the original purposes of the Charity, with the exception that the sum of 20l. formerly applied for the relief of poor prisoners is paid towards the support of the convalescent home at Bognor by order of the Court of Chancery dated 8th December 1876.
[See note infra, Prisoners' Fund Account.]
By an Order of the Board dated 7th January 1876 the annual payment of 20l. 9s. to the churchwardens of St. Botolph without Aldgate was redeemed by the transfer of the sum of 681l. 19s. 4d. consols into the name of "The Official Trustees of Charitable Funds."
5 Charity of Walter Fish.
The lease of No. 60, Cannon Street and 17, Nicholas Lane having expired, the premises have been let under the authority of an Order of the Board, dated 16th October 1882, to Mr. C. V. Game for 80 years from Christmas 1864, at an annual rent of 240l.
The accumulated fund now (1881) amounts to 2,291l. 19s. 8d. reduced 3l. per cents.
£s.d.
There are five Exhibitions at St. John's College, Oxford, which are now increased to 25l. a year each12500
The Exhibitions are now full, they are nominated by the Court of the Company having been elected from the school, and sometimes from scholars at the college who have left the school.
A sum carried to the poor account (see Elwes' Charity)
The surplus is still invested as it accrues.
6 Charity of John Harrison.
The lease of No. 6, St. Swithin's Lane having expired, by an Order of the Board, dated 23rd February 1866, these premises were let on lease to Mr. Charles Hendrey for a term of 80 years from Lady Day 1865, at a yearly rent of 200l., the lessee having previously laid out a sum exceeding 1,000l. in the erection of a new building.
The leases of Nos. 33 and 34, Old Change have also expired, and are now (1882) let to Messrs. Leaf, Sons, and Co., at an annual rent of 1,600l.
By an Order of the Board of 30th January 1872, the Company as the trustees of this Charity were authorised to enfranchise a piece of copyhold land containing 17 perches, forming part of the garden of the Old School at Great Crosby, for the sum of 25l. 10s., and by a subsequent Order, dated 17th January 1873, the legal estate was vested in the "Official Trustee of Charity Lands."
With a view to the development of the school at Great Crosby, the Company as the trustees of the Charity were authorised by an Order of the Board, dated 20th March 1874, to purchase 10 acres in the parish of Great Crosby for the sum of 3,500l., to be provided out of the accumulated income of the Charity.
By indenture, dated 25th June 1874, the land was duly conveyed upon trust for the master and wardens of the Company, and by an indenture dated 14th July 1876, indorsed on the above-mentioned indenture of 25th June 1874, it was declared that the said piece of land should be held upon the trusts of the scheme hereafter mentioned for the school branch of the Charity.
By an Order of the Board, dated 4th August 1876, the said piece of land was vested in "The Official Trustee of Charity Lands" in trust for the school.
New school buildings have been erected, and the school is now regulated by the provisions of a scheme of the Endowed School Commissioners, approved by Her Majesty in Council, 6th August 1874, the provisions of which are as follows:—
Part I.—General Scope of Trust.
General object.
1.—The object of this Foundation or Trust shall be—
(a.) To supply a liberal and practical education for boys and girls by means of schools at Great Crosby;
(b.) To relieve certain poor persons.
And from the date of this scheme all the particulars which by the Endowed Schools Acts, 1869 and 1873, are capable of hereby being repealed and abrogated, shall, so far as relates to the management of this endowment, be repealed and abrogated.
Part II.—The School Branch and the Alms Branch.
Governing Body.
2. The governing body of this foundation shall be the same as hitherto, namely, the Master, Wardens, and Court of Assistants of the Merchant Taylors' Company, herein-after called the governors.
Division into School branch and Alms branch.
3. From the date of this scheme this foundation shall consist of two distinct branches, the school branch and the alms branch.
Provision for the School branch.
4. From the date of this scheme the school branch of this foundation shall be deemed entitled to the land and buildings hitherto occupied under this trust exclusively for the purposes of the school, and to the piece of land at Great Crosby, lately contracted to be purchased by the Merchant Taylors' Company from Mr. Myers as a site for a school, and to three-fourth parts of the income of the other property belonging to the whole foundation.
5. Subject to the appropriation of any property of the trust for the purposes of school sites and the payment of all costs and expenses of or incident to the provision or adaptation of buildings as herein-after provided, the part of the endowment hereby apportioned to the school branch shall be applied as nearly as may be, three fifths to the education of boys, and two fifths to the education of girls, and there shall be under this trust a school for boys and a school for girls, as herein-after provided, to be called "The Merchant Taylors' School of the Foundation of John Harrison."
Provision for Alms branch.
6. From the date of this scheme the alms branch of this foundation shall, subject as aforesaid, be deemed entitled to one fourth part of the income of the property belonging to the whole foundation.
Trusts of Alms branch.
7. The part of the endowment hereby apportioned to the alms branch shall be administered on the same trusts for the benefit of the poor brethren of the Company and other poor persons as hitherto in force for such purposes respectively under a scheme of the Court of Chancery and the will of the founder, or as near thereto as the changes effected by this scheme will admit.
Money to be raised for purposes of Scheme.
8. The capital funds required for the purposes of this scheme shall be raised out of the property or income hereby appropriated to the school branch by mortgage or otherwise, as the Charity Commissioners may approve.
Visitorial jurisdiction transferred to the Crown.
9. From the date of this scheme all rights and powers reserved to, belonging to, or claimed by, or capable of being exercised by, any person or persons other than Her Majesty as visitor or visitors of this trust, shall be transferred to Her Majesty, and all such rights and powers, and also any like rights and powers vested in Her Majesty on the 2nd day of August 1869, shall be exercised only through and by the Charity Commissioners for England and Wales.
Jurisdiction of Ordinary abolished.
10. From the date of this scheme all jurisdiction of the ordinary relating to or arising from the licensing of any teacher under this trust shall be abolished.
Religious opinions of Governors.
11. Religious opinions, or attendance or non-attendance at any particular form of religious worship, shall not in any way affect the qualification of any person for being a member of the governing body or of the local committee under this scheme.
Minutes.
12. A minute book and proper books of account shall be provided by the Governors, and kept in some convenient and secure place of deposit to be provided or appointed by them for that purpose, and minutes of all proceedings of the Governors relating to the school branch shall be entered in such minute book, and duly signed.
Accounts.
13. Full accounts of the receipts and expenditure of the trust shall be kept by the Governors, and such accounts shall be stated for each year, and examined and passed annually at the first meeting in the ensuing year, and signed by the Governors then present.
Publication of accounts.
14. The Governors shall cause sufficient abstracts of the accounts to be published annually in two local newspapers. Such abstracts shall be in accordance with the provisions of the schedule hereto, unless any form is prescribed by the Charity Commissioners, in which case the form so prescribed shall be followed.
Part III.—The Boys' School and its Management.
Local Committee.
15. The Governors shall appoint a Local Committee to aid them in the supervision of the school. The Local Committee shall consist of not less than three nor more than five persons living in the parish of Sefton, who shall be appointed to office for three years, and may be re-appointed. Their functions, duties, and powers shall be such as may be delegated to them from time to time by the Governors.
Day School.
16. The school shall be a day school only.
School buildings.
17. As soon as practicable after the date of this scheme the Governors shall provide on the said piece of land lately contracted to be purchased by the Merchant Taylors' Company, school buildings suitable for not less than 200 scholars, with a residence for the head master, and arranged so as to admit of convenient extension. Such buildings shall be according to plans and estimates approved by the Endowed School Commissioners, or after their powers have ceased, by the Charity Commissioners. Until such new buildings are completed the boys' school shall be carried on in the present school buildings. The Governors may make such improvements and alterations as they think desirable in the present school buildings, but having regard to the intended use of these buildings hereafter for a girls' school. For these purposes they may spend a sufficient sum of money to be raised as herein-before provided, but not exceeding 5,000l., unless with the consent of the Charity Commissioners.
Masters not to be required to be in holy orders.
18. No person shall be disqualified for being a Master in the school by reason only of his not being, or not intending to be, in holy orders.
19. The Head Master shall be a graduate of some university within the British Empire. The circumstance that he has taken or made, or omitted to take or make, any oath or declaration on obtaining a degree shall not affect his qualification.
Head Master.; Appointment.
20. The Governors shall appoint the Head Master at some meeting to be called for that purpose, as soon as conveniently may be after the occurrence of a vacancy, or after notice of an intended vacancy. In order to obtain the best candidates the Governors shall for a sufficient time before making any appointment, give public notice of the vacancy, and invite competition by advertisements in newspapers or other methods as they may judge best calculated to secure the object.
Dismissal.
21. The Governors may dismiss the Head Master without assigning cause, after six calendar months' written notice given to him in pursuance of a resolution passed at two consecutive meetings held at an interval of at least 14 days and duly convened for that express purpose, such resolution being affirmed at each meeting by not less than two thirds of the Governors present.
22. For urgent cause the Governors may by resolution passed at a special meeting duly convened for that express purpose, and affirmed by not less than two thirds of the whole existing number of Governors, declare that the Head Master ought to be dismissed from his office, and in that case they may appoint another special meeting to be held not less than a week after the former one, and may then, by a similar resolution, affirmed by as large a proportion of Governors, wholly and finally dismiss him. And if the Governors assembled at the first of such meetings think fit at once to suspend the Head Master from his office until the next meeting, they may do so by resolution affirmed by as large a proportion of Governors. Full notice and opportunity of defence at both meetings shall be given to the Head Master.
Declaration by Head Master.
23. Every Head Master previously to entering into office shall be required to sign a declaration, to be entered in the minute book of the Governors in the following form:—
"I, declare that I will always, to the best of my ability, discharge the duties of Head Master of the Merchant Taylors' Boys' School of the foundation of John Harrison, during my tenure of the office, and that if I am removed by the Governors, according to the constitution of the said school, I will acquiesce in such removal, and will thereupon relinquish all claim to the mastership and its future emoluments, and will deliver up to the Governors, or as they direct, possession of all their property then in my possession or occupation."
Head Master's official residence.
24. The Head Master shall dwell in the residence assigned for him. He shall have the occupation and use of such residence and of any other property of the trust of which he becomes occupant, in respect of his official character and duties, and not as tenant, and shall, if removed from his office, deliver up possession of such residence and other property to the Governors or as they direct. He shall not, except with the permission of the Governors, permit any person to occupy such residence or any part thereof.
Head Master not to have other employment.
25. The Head Master shall give his personal attention to the duties of the school, and during his tenure of office he shall not accept or hold any benefice having the cure of souls, or any office or appointment which, in the opinion of the Governors, may interfere with the proper performance of his duties as Head Master.
Masters not to receive other than authorised fees.
26. Neither the Head Master nor any Assistant Master shall receive or demand from any boy in the school, or from any person whomsoever on behalf of any such boy, any gratuity, fee, or payment, except such payments as are prescribed or authorised by this scheme.
Jurisdiction of Governor over school arrangements.
27. Within the limits fixed by this scheme the Governors shall prescribe the general subjects of instruction, the relative prominence and value to be assigned to each group of subjects, the division of the year into term and vacation, the payments of scholars, and the number of holidays to be given in the term. They shall take general supervision of the sanitary condition of the school buildings and arrangements. They shall determine what number of Assistant Masters shall be employed. They shall every year assign the amount which they think proper to be paid out of the income of the trust for the purpose of maintaining Assistant Masters and a proper plant or apparatus for carrying on the instruction given in the school.
Governors to consult the Head Master.
28. Before making any regulations under the last foregoing clause, the Governors shall consult the Head Master in such a manner as to give him full opportunity for the expression of his views.
Jurisdiction of Head Master over school arrangements.
29. Subject to the rules prescribed by or under the authority of this scheme, the Head Master shall have under his control the choice of books, the methods of teaching, the arrangement of classes and school hours, and generally the whole internal organisation, management, and discipline of the school: Provided that no boy shall be expelled from the school, without the opportunity of appeal to the Governors.
Appointment and dismissal of Assistant Master and distribution of fund assigned to Assistant Masters or plant.
30. The Head Master shall have the sole power of appointing and, subject to appeal to the Governors, of dismissing all Assistant Masters, and shall determine, subject to the approval of the Governors, in what proportions the sum assigned by the Governors for the maintenance of Assistant Masters and of plant or apparatus shall be divided among the various persons and objects for which it is assigned in the aggregate. And the Governors shall pay the same accordingly, either through the hands of the Head Master or directly, as they think best.
Proposals by Head Master.
31. The Head Master may from time to time submit proposals to the Governors for making or altering regulations concerning any matter within their province, and the Governors shall consider such proposals and decide upon them.
Income of Head Master.
32. The Head Master shall receive a fixed stipend of 200l. a year. He shall also receive head money calculated on such a scale, uniform or graduated, as may be agreed upon between him and the Governors, being at the rate of not less than 2l. nor more than 4l. yearly for each boy. These payments shall be made terminally or quarterly as the Governors think fit.
Payments for entrance and tuition.
33. All boys, except as herein-after provided, shall pay such entrance and tuition fees as the Governors shall fix from time to time, provided that no such entrance fee shall exceed 1l., and that no such tuition fee shall be less than 6l. or more than 16l. a year. No difference in respect of these fees shall be made between any scholars on account of place of birth or residence. No extras of any kind shall be allowed without the sanction of the Governors, and written consent on behalf of the scholar concerned.
34. All payments for entrance or tuition shall be made in advance to the Head Master, or to such other person as the Governors shall from time to time determine, and shall be accounted for by the person receiving them to the Governors, and treated by them as part of the general income of their trust.
Ages for the School.
35. No boy shall be admitted into the school unless he has attained the age of eight years. No boy shall remain in the school after the end of the term in which he attains the age of 17 years.
To whom School is open.
36. Subject to the provisions established by or under the authority of this scheme, the school and all advantages of the school shall be open to all boys who are of good character and sufficient health, and who are residing with their parents, guardians, or next friends, or with some person chosen by them and approved by the Governors and the Head Master.
Mode of admission.
37. Applications for admission to the school shall be made to the Head Master, or to some other person named by the Governors, according to a printed form to be approved of by the Governors, and delivered to all applicants.
Register of applications.
38. The Head Master or other person named by the Governors shall keep a register of applications showing the date at which every application is made for the admission of a boy, the date of his admission, withdrawal, or rejection, the cause of rejection, and the age of the boy at the date of the application. Provided that every person requiring an application to be entered shall pay such fee as the Governors may fix, not exceeding five shillings.
Entrance examination.
39. Every applicant for admission shall be examined by or under the direction of the Head Master, or by such other person as the Governors shall from time to time appoint, who shall appoint convenient times for that purpose, and give reasonable notice to the parents of those whose turn is arriving. No boy shall be admitted to the school except after undergoing such examination and being found fit for admission. Those who are so found fit shall, if there is room for them, be admitted in order according to the dates of their application. If there is not room for all applicants, boys living with their parents, guardians, or next friends in the parish of Sefton shall be preferred. Subject as aforesaid the Governors may direct that the priority of applicants shall be determined by competitive examination.
40. The examination for admission shall be graduated according to the age of the boy, but it shall never fall below the following standard, that is to say:—Reading monosyllabic narrative, writing text hand, easy sums in the first two rules of arithmetic, with the multiplication table.
Religious exemptions.
41. The parent or guardian of or person liable to maintain or having the actual custody of any day scholar may claim, by notice in writing addressed to the Head Master, the exemption of such scholar from attending prayer or religious worship, or from any lesson or series of lessons on a religious subject, and such scholar shall be exempted accordingly, and a scholar shall not by reason of any exemption from attending prayer or religious worship, or from any lesson or series of lessons on a religious subject, be deprived of any advantage or emolument in this school or out of this trust to which he would otherwise have been entitled. If any teacher in the course of other lessons at which any such scholar is in accordance with the ordinary rules of the school present, teaches systematically and persistently any particular religious doctrine, from the teaching of which any exemption has been claimed, as in this clause before provided, the Governors shall, on complaint made in writing to them by the parent, guardian, or person liable to maintain or having the actual custody of such scholar, hear the complainant, and inquire into the circumstances, and if the complaint is judged to be reasonable, make all proper provisions for remedying the matter complained of.
Instruction: Religious.
42. The Governors and Head Master shall, within their respective departments, as herein-before defined, and subject to the provisions of this scheme, make proper regulations for the religious instruction to be given in the school.
43. No alteration in any regulations made by the Governors respecting the religious instruction to be given in the school shall take effect until the expiration of not less than one year after notice of the making of he alteration is given.
Secular.
44. The subjects of secular instruction shall be as follows:—Reading, writing, arithmetic, mathematics, geography, history, English grammar, composition and literature, Latin, at least one modern European language other than English, natural science, drawing, and music. The boys shall be instructed in the foregoing subjects according to the classification and arrangements made by the Head Master. Greek may be taught as an extra at an additional fee of not less than 3l. a year for each boy. But such additional fee shall not be required from any boy whose name was on the roll of the school on the 2nd day of August 1870, unless the Governors shall otherwise direct.
Annual examination.
45. There shall be at least once in every year an examination of the scholars by an Examiner or Examiners appointed for that purpose by the Governors, and paid by them, but otherwise unconnected with the school. The Examiners shall report to the Governors on the proficiency of the scholars, and on the position of the school as regards instruction and disicpline, as shown by the results of the examination. The Governors shall communicate the report to the Head Master.
Head Master's Annual Report.
46. The Head Master shall make a report in writing to the Governors, yearly or oftener as the Governors may direct, on the general condition of the school, and on any special occurrences affecting the same. He also may mention the names of any boys who in his judgment are worthy of praise or substantial reward, having regard both to proficiency and conduct.
Free places at the School as Exhibitions.
47. By way of Exhibitions tenable at the School, the Governors shall grant exemptions from the payment of tuition fees for such periods and on such conditions as they think fit, at the rate of one such Exhibitioner for every 10 boys in average attendance at the school. These Exhibitions shall be called Harrison scholarships, and shall be given as the reward of merit only. They shall be assigned, in the case of candidates for admission, on the result of the examination for admission, and in the case of boys already attending the school, on the reports of the Examiners and Head Master, and no such Exhibition shall be granted to any such boy if the Head Master reports that he is rendered undeserving of it by ill-conduct.
Furthe exhibitions.
48. The Governors may also in cases in which they think it expedient, if the state of the funds admits, grant further Exhibitions tenable at the school, by awarding to Exhibitioners or other deserving scholars on the recommendation of the Head Master gratuities not exceeding in the case of any scholar the amount of 3l. in a year, towards the cost of books and stationery and other expenses incident to their attendance at the school.
Scholarships tenable elsewhere.
49. The Governors shall, as soon as circumstances permit, establish scholarships to be awarded one or more in each year, and called the Great Crosby scholarships, tenable at other places of education, or for the purpose of fitting the holder for some profession or calling. Each such scholarship shall be of the yearly value of not less than 40l. or more than 50l., and tenable for three years, and shall be awarded by open competition among the boys who have been educated at the school for such time not less than three years immediately previous to the grant thereof, as the Governors may determine.
Exhibitions not to be perverted from their proper purpose.
50. The scholarships and exhibitions established under this scheme shall be tenable only for the purposes of education. If the holder dies, his representatives shall be entitled only to the next instalment whenever payable. If the holder is guilty of gross misconduct or idleness, or wilfully ceases to pursue his education, profession, or calling, the Governors may determine the scholarship or exhibition.
Part IV.—The Girls' School and its Managament.
Local Managers.
51. To aid them in the supervision of the girls' school the Governors shall appoint a local committee, either being or not being the same persons as the local committee of the boys' school, subject to the like provisions as herein-before contained with regard to the local committee for the boys' school.
School buildings.
52. When and so soon as the new buildings hereinbefore provided for the boys' school are completed, the Governors shall adapt and use the old school buildings as a school for girls. Until such time they may, if they think fit, make arrangements for procuring temporary accommodation for a school for girls by renting any buildings, or otherwise as they may find practicable.
Day School.
53. The school shall be a day school only under a Head Mistress, independent of the Head Master of the boys' school.
Income of Head Mistress.
54. The Head Mistress shall receive a fixed stipend of 120l. a year. She shall also receive head money, after the manner and according to the conditions hereinbefore prescribed for the Head Master of the boys' school, provided that such payment shall be at the rate of not less than 2l. and not more than 4l. yearly for each girl.
Payments for entrance and tuition.
55. Payments for entrance and tuition shall be made by the girls after the manner and according to the conditions herein-before prescribed for the boys' school, provided that no such entrance fee shall be more than 1l., and that no such tuition fee shall be less than 5l. or more than 10l. a year.
Limit of age.
56. If the Governors think fit they may in special cases allow girls to remain in the school after the limit of age prescribed in the case of boys.
Instruction: Secular.
57. The subjects of secular instruction shall be the same as for the boys, but with domestic economy and needlework in addition. The Governors shall also arrange for a course of physical training for the girls. The girls shall be instructed in the foregoing subjects according to the classification and arrangement made by the Head Mistress.
Exhibitions and scholarships.
58. The Governors shall grant Exhibitions and Scholarships for girls after the manner and under the conditions herein-before prescribed for the boys' school.
Examinations.
59. In the conduct of all examinations of the girls the Governors shall be careful to provide that too great publicity or mental strain shall be avoided.
Other provisions as prescribed for the boys' school.
60. As to every matter relating to the girls' school of the kind mentioned in this part of this scheme, or of the kind mentioned in Part III. of this scheme as relating to the boys' school, the Governors and the Head Mistress respectively shall have the same authorities, rights, and duties as are conferred on the Governors and the Head Master by Part III. of this scheme.
61. Subject to the special provisions of this part of this scheme, the girls' school shall be governed by the same regulations and provisions as in Part III. of this scheme are prescribed for the boys' school, except as regards the provisions of clause 19.
Part V.—Application of Income.
Repairs and improvements fund.
62. The Governors shall, as soon as funds are available for the purpose, place the sum of 2,000l. consols to a separate account, entitled "Repairs and Improvements." The income shall be applied by the Governors in ordinary repairs or improvements of property used for the purposes of the schools, if wanted, and if not wanted for that purpose shall be accumulated by them to the same account. The Governors shall draw upon the accumulations at their discretion for the purpose of any such repairs or improvements, but shall not encroach upon the capital, except for the purpose of substantial repairs or renewal, and then not without the consent of the Charity Commissioners, and under such conditions of replacing the capital as that Board may think right.
63. Until the repairs and improvements fund is provided the Governors shall treat the sum of 60l. yearly as applicable to the same purposes as the repairs and improvements fund.
Other expenses.; Payments for boys' school.
64. After defraying the expenses of management and of any ordinary repairs or improvements which the income of the repairs and improvement fund may be insufficient to answer, and any legal claims on the Governors which may be due, the Governors shall employ three fifths of the income of the school branch for the benefit of the boys' school in paying the Head Master as herein-before prescribed, in paying the amount assigned for the Assistant Masters and school plant or apparatus, and paying the Examiner or Examiners, and in providing for such scholarships, exhibitions, and prizes as they may have adjudged.
Pensions.
65. The Governors may also, if they think fit and the funds suffice for the purpose, agree with the Head Master for the formation of a fund in the nature of a pension or superannuation fund, the main principle of such agreement being that the Head Master and the trust fund shall each contribute annually for a period of 20 years such sums as may be fixed on; that these contributions shall accumulate at compound interest; that in case the Head Master serves his office 20 years he shall on his retirement be entitled to the whole fund; that in case he retires earlier on account of permanent disability from illness he shall also be entitled to the whole fund; that in all other cases he shall, on his ceasing to be Master, be entitled to the amount produced by his own contributions.
Residue.; Unapplied surplus.
66. If there is any residue of the income herein-before directed to be employed by the Governors for the benefit of the boys' school, they may so employ it in increasing the stipend of the Head Master, or the funds applicable to the payment of Assistant Masters and school plant or apparatus, in improving the accommodation of the school buildings, in aiding the games of the scholars, or generally in promoting the spirit and efficiency of the school. Whatever they do not think fit to spend in these ways they shall on passing the yearly accounts state as unapplied surplus, and shall deposit it in a bank; and if the sums so deposited rise to 300l. they shall invest the same in Government Stock to the general credit of the trust.
Payments for girls' school.
67. The other two fifths of the income of the school branch shall be employed by the Governors for the benefit of the girls' school in the like manner and with the like powers and discretion as by the three last foregoing clauses is provided with respect to the income employed for the benefit of the boys' school.
Part VI.—General.
Saving of interests.
68. If the Governors dismiss Mr. Wilkinson Ritson, the present Second Master of the school, except for such cause as before the passing of this scheme would have justified his dismissal, the Governors shall thenceforth pay to him the sum of 85l. yearly for his life.
69. Nothing in this scheme shall affect any interest which was on or before the second day of August 1870 legally vested in any scholar on this foundation.
Further endowments.
70. The Governors may receive any additional donations or endowments for the general purposes of the schools, or either of them. They may also receive donations or endowments for any special objects directed by the donors, provided that such objects are certified by the Charity Commissioners to be for the general benefit of the schools or either of them, and not calculated to give privileges to any scholar on any other ground than that of merit, and not otherwise inconsistent with or calculated to impede the due working of the provisions of this scheme.
Charity Commissioners to decide in doubtful questions.
71. If any doubt or question arises among the Governors as to the proper construction or application of any of the provisions of this scheme, the Governors may apply to the Charity Commissioners for their opinion and advice thereon, which opinion and advice when given shall be binding on the Governors.
Charity Commissioners to make new Schemes.
72. The Charity Commissioners may from time to time in the exercise of their ordinary jurisdiction frame schemes for the alteration of any provisions of this scheme or otherwise for the government or regulation of the trust, provided that such schemes be not inconsistent with clause 1 (a) of this scheme, or with anything contained in the Endowed Schools Acts, 1869 and 1873.
Scheme to be printed and sold.
73. This scheme shall be printed and a copy given to every person who shall become a member of the Governing Body or the Local Committee, and to every Master or Assistant Master, Mistress, or Teacher, appointed to either school, and copies shall be sold at a reasonable price to all persons who may wish to buy.
Date of Scheme.
74. The date of this scheme shall be the day on which Her Majesty by Order in Council declares her approbation of it.
Since the establishment of the scheme the sum of 20,393l. 8s. 4d. has been expended in building, drainage, and other works, of which 14,500l. has been advanced by the Company, the greater portion without interest.
7 Charity of John Hyde.
The premises formerly Nos. 1 and 56, Church Street, and the warehouse in Church Street, and also the "Three Lords" public-house in the Minories (presumably No. 27, Church Street), have been taken by the Metropolitan Railway Company, and the net money is represented by the sum of 5,895l. 9s. consols.
The house No. 125, Fleet Street, is now let to Messrs. A. & H. Marshall, at an annual rent of 400l.
The fixed payments are still made to the several objects, but the residue formerly applicable for the discharge of poor prisoners for debt in London is carried to the Company's Convalescent Home account under the order of the Court dated 8th December 1876.
[See Note infra, Prisoners' Fund Account.]
8 Charity of Peter Mason.
The premises No. 1, Poultry, are now occupied by Mr. Charles Tighe, at the rent of 220l. a year.
By an order of the Board, dated 2nd August 1870, the premises Nos. 4 and 5, Poultry, were leased to Mr. Frederick Sawyer, for a term of 80 years from Lady Day 1866. The lease comprises also adjoining property not belonging to the Charity, the rent apportioned to the Charity property being 370l. The lessee expended a sum exceeding 700l. in the completion of a building agreed to be erected on the site of these two houses.
Charity of Peter Blundell.
See Note infra, Prisoners' Fund Account.
9 Charity of William Parker.
See note infra, Prisoners' Fund Account.
10 Charity of Thomas Rowe.
By an Order of the Board, dated 28th August 1860, a messuage known as No. 32, Great St. Helens, held by the Company under this devise, was let on lease for 80 years from Lady-day, 1860, at 180l. a year.
With a view to the widening of Dowgate Hill, a strip of land on the west side belonging to the Company was, by an Order of the Board of 9th May 1865, authorised to be sold to the Charing Cross Railway Company for the sum of 400l., which was invested in the purchase of 451l. 19s. 6d. consols, in the name of the Official Trustees of Charitable Funds.
In 1869 the Company were further authorised to sell for the sum of 2,700l. another strip of land on the west side of Dowgate Hill to be dedicated to the public. This sum was invested in the purchase of 2,899 6s. 7d. consols, in the name of "The Official Trustees of Charitable Funds."
A small piece of land adjoining property belonging to the Company in Dowgate Hill having been conveyed to the Company for a nominal consideration, this piece of land was included in a lease of Nos. 14, 15, and 16, Dowgate Hill, to Mr. John King, for 80 years from Ladyday 1865, at a rent of 700l. a year, such lease being confirmed by an Order of the Board, dated 9th January 1872.
By an Order of the Board, dated the 3rd June 1870, the Company were authorised to enter into an agreement with Messrs. Kennard for the grant of a lease of part of the estate held by the Company under this devise, being part of No. 67, Upper Thames Street (consisting of part of wharf and warehouses), for the term of 70 years from Lady-day 1869, at a rent of 738l. 5s., a sum of 13,150l. to be expended in rebuilding.
In pursuance of the terms of such agreement, and preliminary to the grant of the lease in question, the Company were authorised by a further Order, dated 5th July 1870, to purchase for the sum of 1,100l., in trust for the Charity, a piece of freehold ground, situate on the east side of Bull Wharf Lane, Upper Thames Street, containing 728 square feet or thereabouts, belonging to Messrs. Kennard.
By an Order of the Board, dated 20th July 1870, the Company were authorised to grant the lease of the property above mentioned, and on the terms mentioned, to include the land purchased from Messrs. Kennard.
The sum of 1,100l., and costs attending the purchase, amounting to 41l. 8s. 10d., was provided by the sale of 1,275l. 7s. 1d. consols in the name of the official trustees.
The amount now (1882) held by the official trustees in trust for the Charity is 2,075l. 19s. consols.
By an Order of the Board, dated 12th December 1872, a parcel of land situate between land belonging to the Company and Dowgate Hill, comprising 45 square feet or thereabouts, was vested in "The Official Trustee of Charity Lands."
11 Charity of John Tressawell.
By an Order of the Board dated 29th June 1877, the premises No. 61, Bread Street have been let to Messrs. Copestake and Co. for the term of 70 years, from 29th September 1869, at a yearly rent of 400l., the lessees having previously expended a sum exceeding 1,700l. in building.
12 Charity of John Vernon.
The Commissioners, by an Order of the Board, dated 19th November 1867, authorised the Company to enter into articles of agreement for the grant of a lease to the London and County Land and Building Company of the property held by the Company under this devise, which from improvements in Plough Court is now comprised in part of the premises known as No. 31, Lombard Street, for the term of 80 years from Christmas 1866, at a rent of 2,600l. a year,
As to the amount formerly paid for relief of poor prisoners see Note infra, The Prisoners' Fund Account.
13 Charity of John Wooller.
As to the payment formerly made to poor prisoners, see note infra, the prisoners' fund account.
14 The Prisoners' Fund Account.
The Charities of Peter Blundell, John Hyde, Robert Dowe, John Vernon, John Wooller, and William Parker.
The rentcharge of 2l. in respect of Peter Blundell's Charity and the income of John Hyde's Charity (subject to the fixed payments mentioned in Mr. Hare's report), and the fixed payments of 20l. in respect of Robert Dowe's Charity, of 16l. from John Vernon's Charity, of 4l. from John Wooller's Charity, and of 9l. from William Parker's Charity, together with the interest of accumulations of such Charities, represented by the sum of 18,069l. 9s. 9d. reduced 3l. per cent. annuities, have, under the provisions of a scheme established by an Order of the Court of Chancery, dated 8th December 1876, been carried towards the maintenance and support of the Convalescent Home at Bognor.
The provisions of this scheme are as follows:—
Funds to be vested in the official Trustees of Charitable Funds.
1. The sum of 18,069l. 9s. 9d. reduced annuities now standing in the names of the Master and Wardens of the Merchant Taylors of the Fraternity of St. John the Baptist of the City of London, representing accumulations of the said Charities or some of them, shall be forthwith transferred to the Official Trustees of Charitable Funds in trust for the said Charities, to be applied with the income thereof and any accumulations, with the sanction of the High Court of Justice, Chancery Division, or the Charity Commissioners for England and Wales in past or future, and of and for the benefit or improvement of the Convalescent Home herein-after mentioned.
Power to compound for Charies.
2. It shall be lawful for the said Master and Wardens with the sanction of the Charity Commissioners for England and Wales to compound for the payment of the several annual sums mentioned in the first part of the first schedule hereto, or any of them, in satisfaction of the said Charities, by means of the transfer of an adequate sum of stock to the said Official Trustees of Charitable Funds.
Account books.
3. The said Master and Wardens shall provide books wherein shall be entered accounts of their receipts and payments on behalf of the Charities. Such accounts shall be audited by them at least annually.
Application of income.
4. The said Master and Wardens and their successors shall be the Trustees or Governors of the said Charities mentioned in the said first part of the said first Schedule hereto, and shall have the administration and management of the same and shall apply the net income thereof in or towards the maintenance and support of the Convalescent Home which has been established by them at Bognor, in the county of Sussex, pursuant to the scheme approved by Order of the Board of Charity Commissioners for England and Wales bearing date the 26th day of March 1873.
The above-mentioned sum of stock was reduced to the sum of 17,027l. 13s. 6d. by the sale of 1,041l. 16s. 3d. stock to provide the proportion of the taxed costs payable out of the funds of these Charities.
By an Order of the Board dated 10th July 1877, the above-mentioned sum of 17,027l. 13s. 6d. reduced 3l. per cent. annuities was transferred into the name of the Official Trustees of Charitable Funds in trust for the Bognor Convalescent Home.
The Company as the trustees of these Charities having advanced out of their corporate funds the sum of 4,603l. 18s., in effecting certain improvements and alterations, and in the maintenance and support of the Convalescent Home, the Board by an Order dated 2nd August 1878, authorised the Company to apply the sum of 1,478l. 15s. 10d. cash in their hands arising from the unexpended surplus income of the Charities in part repayment of the said sum 4,603l. 18s., and for the purpose of providing for the repayment of the balance amounting to 3,125l. 2s. 2d., the sum of 3,289l. 11s. 9d. reduced 3l. per cents. was sold out, leaving the sum of 13,738l. 1s. 9d. reduced 3l. per cent. annuities standing in the name of the Official Trustees in trust for the Convalescent Home at Bognor, which was founded out of the trust funds of Robert Donkin's Charity, and is regulated by the provisions of the scheme established by the Order of the Board, dated 26th March 1872, as mentioned above.