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Errata and addenda

Pages iv-vi

City of London Livery Companies Commission. Report; Volume 4. Originally published by Eyre and Spottiswoode, London, 1884.

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ERRATA AND ADDENDA.

I.

Observations by the Armourers' and Braziers' Company on the Evidence of Mr. Lucraft, inadvertently omitted from Vol. I.

Armourers' Hall, 81, Coleman Street, London, E.C., 16th February 1883.

Sir,
I am instructed by the Company of Armourers and Braziers to call the attention of the City of London Livery Companies' Commissioners to certain inac- curacies and omissions in the evidence given before them by Mr. Lucraft with reference to this Company, which raise the inference that he has given his evidence without having informed himself as to the terms of the instruments creating the charities, the administration of which he calls in question. The only deduction which can be drawn from Mr. Lucraft's evidence as to Thomas Dring's Charity is that the bequest of 20l. was given to the Company upon trust to invest that sum in the purchase of land; but on reference to the will of the testator it will be found that he expressly gave the Company the option of either laying out the money in the purchase of some freehold estate, or otherwise employing it at interest. Mr. Lucraft is also in error in stating that the objects of the testator's bounty were "the poor," as the gift in the will is expressly, limited to the "poor of the Company." He adds that the Company now grant 4l. per annum to the poor, wholly ignoring the fact, which appears on their returns, that the Company voluntarily augment the income of the charity by the sum of 58l. per annum.

It may be remarked that one reason which would probably have been sufficient in itself to prevent the Company from investing this money in the purchase of freehold land was the difficulty which they must un- doubtedly have encountered of finding any profitable investment in freehold land for so small a sum as 20l., bearing in mind the fact that the costs of the purchase would, strictly speaking, have to be first deducted from that sum. The attention of the Commissioners is called to the fact that the Company have, ever since the testator's death, paid interest on the amount of the bequest at the rate of 20l. per cent. per annum, not taking into account the amount by which they have voluntarily augmented the income of the charity; and it is submitted that they have done far more than they were under any legal obliga- tion to do.

In his evidence as to John Scott's Charity also, Mr. Lucraft states that the object of the charity was to benefit the poor; but this statement is inaccurate, as the gift in the will is to the poor of the Company only, and not to the poor generally. He further states that the Company still only pay 4l. per cent. on the amount of the original bequest, making no reference whatever to the fact shown by the returns of the Company that the income of the charity is voluntarily augmented by the sum of 80l. per annum.

The Company cannot but regret that the Commis- sioners should have felt themselves justified in publish- ing this evidence, which, on the face of it, is at variance with the returns sent in by the Company, without having first given them an opportunity of contradicting or explaining it; and I have to request, on their behalf, that this letter may be published, with the evidence taken by the Commissioners.

I am, &c.,
(Signed) Marshall Poxtifex,
Clerk.

H. D. Warr, Esq., Secretary,
Livery Companies' Commission.

City of London Livery Companies Commission, 2, Victoria Street, Westminster, S.W., 24th February 1883.

Sir,
I beg to acknowledge the receipt of your letter of the 16th inst., which shall be laid before the Com- missioners in due course.

I am, &c.,
(Signed) H. D. Wake,
Secretary.

Marshall Pontifex, Esq.,
Armourers' Hall.

II.

Wherever it is not stated as a heading to the returns of any Company contained in Vols. 2 and 3 that "the returns were delivered under protest," these words are to be considered added. All the Companies protested against the inquiry as illegal.

[Omitted inadvertently from Vol. II.]

MERCERS' COMPANY.

APPENDIX B.

Pabt IV.—Return H.

Return of the Income of the Mercers' Company for the years 1871 to 1879 inclusive.

1871. 1872. 1873. 1874. 1875. 1876. 1877. 1878. 1879.
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
Corporate Income.
English estates:
1 year's rental, dividends, and sundries 30,684 15 0 31,067 4 6 31,452 15 11 32,392 0 7 32,226 11 9 33,790 17 9 38,879 3 3 36,825 2 3 36,751 2 0
Irish estates:
1 year's rental of Company's share 8,838 0 5 8,840 16 11 8,844 19 11 8,853 19 2 8,856 1 7 8,855 15 6 10,171 2 0 10,189 2 5 10,237 7 4
1 year's casual receipts for year ending 31st October, Company's share 212 1 3 9,050 1 8 200 15 11 9,041 12 10 187 4 10 9,032 4 9 111 5 1 8,965 4 3 156 3 0 9,012 4 7 158 7 0 9,014 2 6 209 8 10 10,380 10 10 148 9 8 10,337 12 1 324 0 7 10,561 7 11
39,734 16 8 40,108 17 4 40,485 0 8 41,357 4 10 41,238 16 4 42,805 0 3 49,259 14 1 47,162 14 4 47,312 9 11
Charity Income.
Dean Colet's estate:
1 year's rental, dividends, and sundries 11,220 13 11,554 1 11,478 16 11,964 13 12,444 5 12,520 15 12,532 2 12,527 6 3 12,338 19
Earl of Northampton's estate:
1 year's rental and dividends 3,533 9 3 3676 19 1 4,181 14 10 4,638 18 9 5,266 4 3 5,465 3 0 6,475 10 6 6,392 1 10 6547 5 11
Sundry charities:
1 year's rental and dividends, including charges which the Company are hound to pay in respect of certain estates 15,159 12 1 29,913 15 15,202 11 2 30,433 11 15,664 0 2 31,321 11 15,759 17 10 32,363 9 15,591 1 2 33,301 10 16,165 6 2 34,151 4 16,672 3 7 35,679 16 16,886 4 0 35,805 12 1 17,351 6 10 36,237 12
69,648 11 70,542 8 11½ 71,809 12 73,720 14 74,540 6 10½ 76,956 5 84,939 10 82,968 6 5 83,550 2

Return of the Corporate Expenditure of the Mercers' Company for the years 1871 to 1879 inclusive.

1871. 1872. 1873. 1874. 1875. 1876. 1877. 1878. 1879.
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
1. Management of estates :
English estates, inclu- ding agency, sur- veyor's, land agent's, and solicitor's charges, income tax, rates, in- surance, repairs, local subscriptions, &c. 3,123 13 8 3,411 6 11 3,137 0 7 2,904 6 8 2,800 18 11 2,698 4 2 3,354 2 8 2,945 8 3 3,446 4 8
Irish estates, including agency, repairs, income tax, poor rates, tithe rent charges, main- tenance of schools, drains, and roads, con- tributions to places of worship, abatement of rent, donations for charitable purposes for benefit of tenantry, &c, Company's pro- portion 3,983 19 4 7,107 13 0 5,161 17 7 8,573 4 6 3,927 15 5 7,064 16 0 3,862 3 2 6,766 9 10 4,600 13 0 7,401 11 11 5,562 2 1 8,260 6 3 4,750 13 2 8,104 15 10 6,008 18 11 8,954 7 2 4,434 1 1 7,880 5 9
2. Voluntary charities:
Education, general and technical 2,517 13 8 3,365 3 9 3,752 14 1 3,425 7 3 4,148 14 0 4,583 3 1 4,614 1 4 6,287 1 11 4,436 5 8
Donations and subscrip- tions to public insti- tutions, pensions to retired officers, addi- tional allowances to almspeople and others, donations to poor mercers, &c. 5,156 1 2 7,673 14 10 7,478 17 7 10,844 1 4 6,329 9 3 10,082 3 4 6,378 8 9 9,803 16 0 5,921 19 5 10,070 13 5 5,335 19 2 9,919 2 3 7,359 18 6 11,973 19 10 6,345 13 10 12,632 15 9 5,277 3 7 9,713 9 3
3. Establishment expenses:
Salaries, wages, rates, taxes, insurance, re- pairs to hall and offices, maintenance of Mercers' Chapel, coals, gas, &c. 6,953 11 4 6,683 14 3 7,976 16 3 7,182 11 2 6,548 10 6 6,079 9 7 6,430 8 11 5,681 5 11 6,050 11 5
4. Entertainments 3,667 9 6 5,505 5 8 4,616 2 1 7,370 19 11 6,371 12 11 4,471 14 4 4,184 10 5 5,053 16 5 4,968 5 9
5. Payments ordered to members attend- ing general courts 2,339 8 0 1,948 16 0 1,667 8 0 2,662 16 0 1,953 0 0 1,898 8 0 2,436 0 0 1,638 0 0 2,083 4 0
Ditto courts of as- sistants 4,951 16 0 5,056 16 0 5,674 4 0 6,008 2 0 5,819 2 0 5,191 4 0 5,027 8 0 4,964 8 0 5,401 4 0
Ditto committees 1,358 14 0 8,649 18 0 1,877 8 0 8,883 0 0 1,085 14 0 8,427 6 0 1,759 16 0 10,430 14 0 2,100 0 0 9,872 2 0 1,348 4 0 8,437 16 0 1358 14 0 8,822 2 0 1,085 14 0 7,688 2 0 1,287 6 0 8,771 14 0
34,052 6 8 40,489 5 9 38,167 3 8 41,554 10 11 40,264 10 9 37,168 8 5 39,515 17 0 40,010 7 3 37,384 6 2

The following sums have been expended in and about the enlargement of the Hall and rebuilding the premises in Cheapside. They are not included in the above account, being expenditure from capital:—525l., 6,639l. 13. 5d., 27,934l. 3s. 10d.

Against these sums the Company received from the Commissioners of Sewers for a strip of frontage in Oheapside purchased by them to widen the street, 22,000l., and for sale of old materials and sundries 1,599l. 19s. 2d., together 23,599l. 19s. 2d., and by which the amount paid by the Company in the above years was reduced to 11,528l. 18. 1d.

The whole of the Company's Charity income for the above years was expended in various ways, and practically m vety much the same way as mentioned in the returns originally sent by the Company to the Boyal Commission, with the exception of the balances which were in the Company's hands at the end of each year.