ERRATA AND ADDENDA.
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.
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
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,
H. D. Warr, Esq., Secretary,
Livery Companies' Commission.
City of London Livery Companies Commission,
2, Victoria Street, Westminster, S.W.,
24th February 1883.
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,
Marshall Pontifex, Esq.,
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.]
Pabt IV.—Return H.
Return of the Income of the Mercers' Company for the years 1871 to 1879 inclusive.
|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|
|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|
|Dean Colet's estate:|
|1 year's rental, dividends, and sundries||11,220||13||8½||—||11,554||1||4½||—||11,478||16||4½||—||11,964||13||1½||—||12,444||5||1½||—||12,520||15||7½||—||12,532||2||4½||—||12,527||6||3||—||12,338||19||5½||—|
|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||—|
|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||0½||15,202||11||2||30,433||11||7½||15,664||0||2||31,321||11||4½||15,759||17||10||32,363||9||8½||15,591||1||2||33,301||10||6½||16,165||6||2||34,151||4||9½||16,672||3||7||35,679||16||5½||16,886||4||0||35,805||12||1||17,351||6||10||36,237||12||2½|
Return of the Corporate Expenditure of the Mercers' Company for the years 1871 to 1879 inclusive.
|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
|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
for benefit of tenantry,
&c, Company's pro-
|2. Voluntary charities:|
|Education, general and
|Donations and subscrip-
tions to public insti-
tutions, pensions to
retired officers, addi-
tional allowances to
almspeople and others,
donations to poor
|3. Establishment expenses:|
|Salaries, wages, rates,
taxes, insurance, re-
pairs to hall and
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|
|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-
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.