HABERDASHERS' COMPANY. PART II.
Edmond Hamond, by will of the 25th February 1638,
gave 400l. to the Company to purchase ground for building
almshouses for six poor old men.
And he gave a rentcharge of 80l. issuing out of houses
in Tower Street and Mincing Lane, in trust, as to 60l. a
year for the almsmen and the remaining 20l. for 20 poor
men or women of the Company on St. Katherine's day.
And he also gave 1,000l. to the Company to purchase so
many rectory or rectories, parsonage or parsonages impropriate, as might be therewith purchased in fee simple, in
the names of 12 or more persons of the said fraternity, and
that to and for every one of the said rectories and parsonages, the said master and wardens and their successors
should provide a learned and godly minister, there to be
resident, to expound the word of God, and to preach there
twice or once at the least every Sabbath day and there to
celebrate divine service, and to perform christian duties,
and that the yearly profits of the same parsonages or
rectories should be given to such minister as should so
continue there. And his will was that the said master and
wardens, and their successors, should for ever have the
nominating and appointing of the ministers to the said
rectories and parsonages, and that they should provide
such only as should have no spiritual living out of that
parish for which he should be so provided, nor any cause
of non-residency there, nor that shall absent himself above
40 days in any one year during the time that he should
enjoy such rectory or parsonage impropriate, without the
license or consent in writing of the master and wardens for
the time being.
And he also gave to the Company 500l., to be lent gratis
to five young men of the Company, 100l. apiece for five
years, silkmen, if any, to be preferred.
The almshouses which were erected on Snow Hill, and
existed at the time of the last inquiry were pulled down in
the year 1830. They were situated at the back of the
stables in Cock Lane, and were approached through a
narrow court leading out of King Street, Snow Hill. The
site occupying about 65 feet in length, and 33 feet in
breadth, was demised to R. A. Smith, under an agreement
for a lease for 61 years from Lady Day 1830, at a rent of
18l., with a covenant to build a house and a carpenter's
shed. The lessee built upon the site five tenements or
cottages having a small garden in the front; and the lease
which had previously been taken up was granted to the
lessee of the Company on the 30th September 1846,
whereby the tenements described as situated and numbered
1, 2, 3, 4, and 5, in Smith's Place, Snow Hill, in the parish
of St. Sepulchre, in the city of London, were demised to
Roddam Alethen Smith for 45 years from Lady Day 1846,
at the said rent of 18l., with covenants by the lessee for
insurance and repairs. The inmates of the almshouses at
the time of their removal were allowed 2s. a week each for
lodgings. No appointments of Hamond's almsmen have
been made since the almshouses were pulled down, but six
poor freemen who must be single men are now elected as
Hamond's pensioners. They each receive 10l. a year in
quarterly payments, and in addition in lieu of lodgings five
of them receive 1l. 9s. per annum, and the oldest pensioner
receives 5l. 4s. a year in quarterly payments making together
Twenty poor of the Company also receive 20s. a year at
the October court. The pensions and gifts exhaust the
rentcharge of 80l. a year, which is received from the trustees
of Capt. Briscoe, the proprietors of 15 houses forming the
angle of Mincing Lane and Tower Street, and surrounding
The income and expenditure of the Charity appears,
therefore, to be as follows:—
|The rents of the houses in Smith's
|Twenty poor of the
|Allowances for the lodgings of
The remainder of the fund is exhausted by—
|A quitrent of the Snow Hill property payable to the Dean and
Chapter of Westminster||0||13||0|
|The charges of management at
5 per cent. taken by the
The gift for the purchase of impropriate rectories and
the appointment thereto by the Company of godly ministers,
was laid out in the purchase of the advowsons of the
rectory of Awre and the chapelry of Blakeney, both in the
county of Gloucester on the banks of the Severn.
The Company reserve to themselves the rectory and
present to the vicarage.
|The vicarage of Awre was, previously to the
year 1854, estimated at the annual value
|The perpetual curacy of Blakeney at the
same time was estimated at||290||6||11|
This includes all the rectorial and vicarial tithes. The
habit was formerly on the presentation to these livings, for
the Company to demise the rectorial tithes to the incumbent
reserving a rent to themselves. This rent was in 1826 a
sum of 400l. This reservation was not continued after the
presentation of Mr. Jordan to the curacy in 1831.
In 1854 a new ecclesiastical arrangement was made with
the sanction of the Ecclesiastical Commissioners by which
a portion of the vicarial tithes of Awre was annexed to the
district chapelry of All Saints. By a lease of the 29th March
1854 the Company demised the tithe rentcharge in lieu of
great tithes of Awre and Bledesloe and of part of the fishing
of Haytor in the parish of Awre, to the present vicar, the
Rev. Joseph Henry Malpas, until March 1863 at a peppercorn rent. By a deed of the same date, made between the
vicar of the first part, the Bishop of Gloucester and Bristol
of the second part, the Haberdashers' Company of the
third part, and the Rev. Charles Brooksbank, described as
the late chaplain, and now perpetual curate of the district
chapelry of Blakeney, of the fourth part, reciting an Order
in Council of the 8th August 1853, whereby a particular
district was assigned to the church or chapel of All Saints
in Blakeney. It was witnessed that the vicar in pursuance
of his agreement therein mentioned and the Act of Parliament, thereby assigned to the Rev. Charles Brooksbank
the tithes and glebe therein mentioned, to hold the same
as perpetual curate of the district chapelry. Mr. Malpas
was presented in 1826, and Mr. Brooksbank in 1843.
The vicarage, however, has been rebuilt and enlarged during
the incumbency of Mr. Malpas.
The presentations are made in cases of vacancy by the
majority of the total number of members of the court
The vicar enters into a bond in the penal sum of 2,000l.
to reside in the parish, to repair the house and chancel of
the church and chapelry of Blakeney, and not to have any
spiritual living out of the parish, nor absent himself above
40 days without the consent of the master and wardens,
according to the terms of the will. I do not find that any
bond has been entered into by the chaplain (and perpetual
curate). There is no house belonging to the incumbent of
The sum of 500l. forms part of the loan fund which is
lent without interest, under the scheme of the Court of
Chancery mentioned in my Report on "Loans without
Interest." (fn. 1)
W. and M. Harrison's Charity.
William Harrison, by will of the 4th March 1619, gave to
the Company 150l. for bread and clothing for poor aged or
impotent persons of Allhallows Staining, London.
And Mrs. Mary Harrison, by her will of the 15th October
1656, gave 150l. to the Company for coals for poor aged
women of Allhallows Staining.
The Company appropriate 391l. 13s. 4d. 3l. per cent.
consols, as producing an annual dividend of 11l. 15s.,
which is paid annually at Michaelmas to the clerk of the
parish of Allhallows Staining.
Henry Hazlefoot, by indenture of the 22nd August 1646,
conveyed to the use of the Company an estate called Pitley
Farm of the yearly value of 70l., to be distributed as
and the rest and residue for the further increase of the
Company's stock of corn.
|To the parish of St. Nicholas Cole Abbey, London||8|
|To the Company's poor||20|
|To buy corn||8|
|To St. Thomas's Hospital||8|
|To Christ's Hospital||5|
|To Bridewell Hospital||3|
|To St. Bartholomew's Hospital||4|
|To release prisoners||10|
|To the wardens 2l., clerk and beadles 2l.||4|
The Commissioners of Inquiry suggested a question
whether the surplus income of the estates devised by the
donor were devised to Charity, or whether the charitable
gifts were no more than a charge to that extent. On the
3rd June 1831 an information was filed by the AttorneyGeneral at the relation of George Shoebridge, against the
master and wardens of the fraternity of the art or mystery
of Haberdashers within the city of London, stating, that
the rents and profits of the said estate and premises had
become of great yearly value and much more than sufficient
for the purposes in the said indenture of release mentioned,
and that in consequence of the increased and increasing
revenues derived from the said estate and premises, it had
become expedient that the said several and respective
charities should be increased in proportion to the increased
rents and profits of the said estates, and that a scheme or
schemes should be approved of by one of the Masters of
the Court for such purpose.
And praying that an account might be taken of the
estates and premises belonging to the said Charity, and of
all the particulars whereof the same consist, and also an
account of the rents and profits, and the accumulations
thereof from such time as the Court should think fit, and
of their application, and that the same might be administered according to the intentions of the said H. Hazlefoot,
or as near thereto as circumstances would admit. And that it
might be referred to one of the Masters of the Court to
approve of a scheme for the future application of the
increased and increasing rents and profits of the said
Charity estates, and if necessary that the said estates and
premises might be conveyed and vested in trustees for the
benefit of the said Charity.
The Court, by its decree of the 12th November 1832
dismissed the information, with costs. From this decree,
the relator appealed to the Lord Chancellor, who by his
judgment of the 12th March 1834 (order drawn up
9th April 1834), affirmed the decree of the 12th November
I have perused the shorthand notes of the Lord Chancellor's judgment, and the decision appears to be placed on
the ground that the direct object of the gift of 8l. and the
residue, was merely to assist the Company in providing
stacks of corn for sale, which it appeared the great companies had been formerly required by the Corporation of
London to do at periods of apprehended scarcity.
The Company are still in possession of the estates in
Essex, which produce an annual income considerably
exceeding the charge.
In the administration of the Charity the 8l. given to buy
corn, and the 20l. given to the poor of the Company, are
added together and given away in gifts of 20s. each to
28 poor of the Company at the January court.
The respective sums are paid to the several hospitals,
and to the parish of St. Nicholas. The 10l. for the release
of prisoners has been hitherto paid over to the account of a
"Fund for the Relief of Prisoners," which comprises,
however, only this Charity. The application has been
made by prisoners for debt in the London prisons, and
sums varying from 20l. to 25l. have been given in late
years; formerly not more than 10l. was given. One
prisoner was released in 1854, another in 1856, another in
1858, and the last in 1860. There is, at present, a balance
of 75l. to the credit of this division of the Charity.
A loan gift by John Hewes of 100l., of which 75l. was
lost at the time of the last inquiry. The borrowers were
to be four, who were to pay 10s. a year each to the poor of
The Company in respect of the remaining 25l. set apart
16l. 13s. 4d., 3l. per cent. consols, producing one sum of
10s. a year, which is given to a poor person of the Company
at the January court.
John Heydon, by will of the 6th March 1579, gave 100l.
to the Company to be lent to two young men at 3l. 6s. 8d.
per cent., to be paid to the Mercers' Company.
The Company reserve 111l. 2s. 3d., 3l. per cent. stock
as the supposed capital of this gift, which has not been
lent for more than a century, and they pay 3l. 6s. 8d.
annually to the Mercers' Company.
John Hobby, by will of the 12th March 1674, gave
3,000l. to purchase lands of 170l. a year, of which 60l. a
year was to be applied annually in clothing for 30 poor
aged persons, of whom 12 were to be free of the Haberdashers' Company.
The settlement of the scheme for the administration of
this Charity will be found in my Report on the Charities
under the management of the Clothworkers' Company.
The Company is entitled to twelve-thirtieths of sixseventeenths of the income of the Charity for the clothing
of 12 poor Haberdashers.
The portion of rents received by the Company has on
the average of nine years been 67l. 7s. In the year 1861
it was 82l. 15s. 1d.
The Company in 1855 increased the number of recipients
of clothing from 12 to 14, who receive clothing in the
same manner, and nearly to the same value, as the clothing
mentioned in Bond's Charity. There was a balance in
favour of the Charity of undistributed funds of 169l. 0s. 6d.
In reply to the question whether the Company would be
allowed to increase the number of recipients, I have said
that I had no doubt of the competency of the Company to
do so, or of the propriety of doing it.
Josh. Holden, in November 1680, gave to the Company
110l. to pay on the 5th November 10s. each to 10 poor
people free of the Company.
This is represented by 166l. 13s. 4d., 3 per cent. consols,
part of the stock standing to the account of the
The gift is made to five poor persons in sums of 1l. each
at the October court, with Arnold's, Hazlefoot's, Hamond's,
Kelke's, Hewe's, Somers', and Peacock's Charities.
Thomas Huntlowe, by indenture of the 28th January
1543, gave to the Company 50l. to pay 1l. 6s. 8d. amongst
10 almspeople in the almshouses in Staining Lane, and in
1547 he gave 200l. for the 10 poor almshouses. The
almshouses in Staining Lane have not existed since the
Fire of London. The Company had commuted all these
payments by an increased payment to 10 poor freemen's
widows of 3l. a year each.
Since the Report of the Commissioners of Inquiry
(Vol. 10, pp. 189, 190), the Company have revised the
account of this Charity and charged themselves with as
much or somewhat more than the sum of 250l. would
produce if invested at 5 per cent., and nominally secured
it by appropriating 422l. 4s. 5d., 3l. per cent. consols, the
dividends of which, amounting to 12l. 13s. 4d., they
distribute in pensions of 3l. a year each to four widows of
freemen, paid quarterly; the same persons also participating frequently in other gifts. The 10 pensioners mentioned by the Commissioners of Inquiry were reduced by
request of the court of assistants of 14th January 1833 to
four persons, as vacancies occurred.
The sum of 13s. 4d. is paid to the clerk and beadle.
A loan gift by John Hutchinson, in respect of which the
Company received 68l. and for which they charge themselves with 66l. 13s. 4d., 3l. per cent. consols, and pay 2l.
a year to Christ's Hospital.
Roger Jeston, by will of the 2nd April 1622, gave his
messuages and lands in St. Giles', Cripplegate, to the
Company, charged with the yearly sum of 102l. 12s., as
|To 6 poor old men of the Company||15||12||0|
|" clerk of the Company||2||0||0|
|" beadles and porter||2||0||0|
|" his sister-in-law, and remainder to her
three daughters and their heirs||20||0||0|
|" the parish officers of Lambeth for the
|" the parish officers of Kinver, Staffordshire, for the poor||5||0||0|
|" three poor scholars of Trinity College,
|" Christ's Hospital||8||0||0|
|" St. Thomas and St. Bartholomew (4l.
|" wardens of the Company||4||0||0|
|" Bridewell Hospital||4||0||0|
|" preachers at St. Paul's Cross||5||0||0|
|" lecturer at Lambeth||6||0||0|
The will then contained directions for the application of
the surplus, and also on certain contingencies of a portion
of the above payments in maintenance of the buildings on
the charity estate, with directions for an intermediate
application of the same surplus in loans without interest to
trimmers of hats and caps free of the Company:—
|The estate of this Charity consists of—|
|Nos. 1 to 6, Milton Street (Cripplegate),
let to John Nesham on a building lease
for 60 years from Lady Day 1830, at
50l. a year||50||0||0|
|Nos. 1 to 18, Haberdashers' Square, at the
back of the last-mentioned houses, let
to Mr. G. A. Smith on a repairing lease
for 30 years from Lady Day 1860, under
the order of the Board, of the 3rd July
|3,031l. 1s., 3l. per cent. Reduced annuities,
the accumulations of the surplus income
of the estate||90||18||6|
|There is out of this a charge of 4l. 4s. for the
surveyor and 8l. 10s. to the account of the
comptroller as charges of management at
5l. per cent. on the rental (not on the
|The fund is thus administered:—|
|To six freemen of the Company, pensions
of 2l. 12s. a year each in quarterly
|The sum given annually by the master of
the Company at the January court to
some clergyman of the Church of
England of his selection, in place of the
gift to the preachers at St. Paul's
|The sum of 6l. 13s. 4d. each to three
scholars of Trinity College, Cambridge,
at the selection of the Bursar of the
College, who inserts their names on his
|The churchwardens of Lambeth||3||0||0|
|The rector of Lambeth, in respect of the
gift to the lecturer||6||0||0|
|The hospital of Bridewell||4||0||0|
|The St. Thomas' Hospital, by their
|The Bartholomew's Hospital, by their
|The churchwardens of Kinfare or Kinver,
|The Company appears to have purchased
of Christ's Hospital the annuity of 8l. a
year payable to that institution, and it
is now carried to the account of the
|The gift of 20l. a year to the sister-in-law
of the testator, with remainder to the
three daughters and their heirs has
been purchased by the Company||20||0||0|
|The wardens, clerk, beadles, and porter of the
The residue is annually invested. The present amount
of accumulations is above stated.
There is no probability that any occasion for the literal
application of the fund will ever arise. There are not any
persons of the class referred to likely to require the loans,
and unless some useful application of the fund be devised,
there is nothing to prevent the accumulation from continuing indefinitely. (fn. 2)
Thomas Johnson, by will of the 3rd September 1563,
gave to the Company 50l. to distribute quarterly to the
neediest of the Company, 20s. in bread, &c. The Company
appropriate 133l. 6s. 8d., 3l. per cent. consols to meet a
disbursement of 4l. a year, which they divide equally
amongst four poor persons free of the Company at the
Midsummer quarter's distribution.
1. Jones' Charity.
William Jones, by his will of the 26th December 1614
(proved 6th October 1615), gave to the Company 9,000l. to
ordain a preacher, a free school, and almshouses for 20
poor old diseased people of the town of Monmouth. The
charity was established by letters patent of King James
the First, of the 16th March 1614–5, whereby the Company
was specially incorporated as "Governors of the possessions, revenues, and goods of the almshouses and free
grammar school of William Jones, in Monmouth, in the
county of Monmouth."
The buildings necessary for the preacher or lecturer, the
school, the schoolmaster, and under master, and almshouses for 10 men and 10 women, were erected on land in
Monmouth, purchased at the time of or soon after the
foundation, and occupy the angle of Bridge Street and
Almshouse Street, in the town of Monmouth.
The fund appropriated for the endowment was laid out
in the purchase of the manor and estate of Hatcham Barnes,
in the parish of St. Paul, Deptford, which I have in this
report shortly distinguished from the other property of the
Charity by the name of the Metropolitan Estate. This
property has now become of great value, and having regard
to its increasing magnitude, as the site of railway stations
and vast building operations, its future importance must be
enormous, and at present beyond the reach of calculation.
It comprises a large portion of the district on the London
side of Deptford, where the London and Greenwich,
London and Croydon, and the London and Brighton
Railways, the South Eastern Railway, and the Thames
Junction Railway, approach and intersect each other; and
portions of the purchase money, which the several railway
companies have paid for the land which they have taken,
have been invested in the purchase of estates in Kent and
Staffordshire. The acreage of the metropolitan estate
north of the Kent Road, was 218a. 2r. 33p., and south of
the Kent Road, 104a. 1r. 26p., making altogether
323a. 0r. 19p. This has, however, been reduced to about
300 acres by the quantities taken by the railways.
The condition and rental of the property of the Charity,
as it is now held and let, will appear in the following
|Land, 90a. 2r. 2p., on the south side of the
Kent Road, held under the lease to
C. J. Holcombe, mentioned in the Report
of the Commissioners of Inquiry (Vol. 10,
pp. 203, 204)||120||3||0|
|Fine of 36l. every 7 years, average||5||2||10|
|Garden ground, 23a. 1r. 25p., next to Drake's
land, on the west of the Brighton Railway,
and 0a. 2r. 36p. land of the angle cut by
the intersection of the Bricklayers' Arms
Branch Railway and the Grand Surrey
Canal, let to John Avann, yearly tenant||95||0||0|
|The lease to the executors of John Vanham
(Rep., Vol. 10, p. 203), became vested in
—Isaac, who after an agreement of the
Company, which became the subject of a
suit for specific performance, ultimately
compromised the question between him
and the governors of the Charity, by the
order of the Board of the 19th January
|The same land is let in three portions, as
|The house and garden.|
|The Warehousemen and Clerks' School, on
agreement, March 1863||105||0||0|
|Coach-house, stables, and 14a. 3r. 5p. land,
let to James Wilson, yearly tenant (the
Charity paying the rates and taxes)||70||0||0|
|A lodge, let to a weekly tenant at 3s. per
|The Five Bells tavern and cottages, part of
which was formerly held by the representatives of Henry Brougham, let to Messrs.
Calvert or to the City of London Brewery
on a building lease for 71 years from
|The Railway Tavern (part of the premises
formerly comprised in the last-mentioned
demise), let to the same company on a
building lease for 71 years from Midsummer 1839||36||0||0|
|House and basket-maker's shop, near the
turnpike on the Kent road, let to Stephen
Packer for 71 years from Midsummer 1839||8||8||0|
|The farm and land formerly let to the executors of William Holcombe, on lease, expiring in March 1859, has been let as
|House and 10a. 1r. 15p. land, in the Kent
Road, let to William Spavin on lease for
14 years from Michaelmas 1859||120||0||0|
|House and 7a. 3r. 26p. land, let to Henry
Bunning on lease for 21 years from
|Cottage and garden, let to Thomas Fox
Penton, as yearly tenant||55||0||0|
|Farm, house and buildings, and 63a. 2r. 7p.
land, on the north side of the Kent Road,
let to James Wilson, yearly tenant||250||0||0|
|Three cottages on the north side of the Kent
Road, let to weekly tenants (say)||20||0||0|
|Land or garden ground at the back of the
cottages, 3a. 2r. 0p., let to Edward Mote,
yearly tenant, determinable at a month's
|Hatcham House (formerly let to J. Hardcastle), and 16a. 0r. 0p. land, let on a
building lease, 1846, to Joseph Alfred
Hardcastle, under the order of the Court
of Chancery, for a term expiring at the
same time as the old lease of 1763||100||0||0|
|Added for redeemed land tax||3||2||6|
|House and outbuildings, land 10a. 1r. 25p.,
held on the lease for 150 years from 1763,
by R. W. Edwards, mentioned in the
Report of the Commissioners of Inquiry||17||11||0|
|Fine every seven years of 5l. 17s.||0||16||6|
|Manufactory of animal charcoal and
17a. 0r. 26p. land, on the north of the
Kent Road, let to George Torr for 21
years from Michaelmas 1859||240||0||0|
|Garden ground, 24a. 1r. 22p., on the north
side of the Kent Road, let to William
Brown on lease for 14 years from
|Garden ground, 17a. 0r. 35p., ditto, let to
James Hargood for 21 years from Michaelmas 1859||102||0||0|
|Garden ground, 5a. 1r. 21p., ditto, let to
William Atherton, yearly tenant||34||6||0|
|Garden ground, 6a. 0r. 15p., ditto, let to
James Brown, yearly tenant||40||0||0|
|Four cottages in Chapel Place, let to Thomas
Martin, yearly tenant||10||0||0|
|Houses facing Kent Road on the North
|Nos. 11, 12, and 13, Monmouth Place, let to
Thomas Howard for 70 years from Midsummer 1840||3||0||0|
|No. 6, Hatcham Terrace, let to W. R. Marshall
for 69 years from Midsummer 1841||7||0||0|
|No. 7, Hatcham Terrace, let to C. Burtwell
for same term||7||0||0|
|No. 5, Hatcham Terrace, let to H. Taylor
for same term||7||12||0|
|No. 1, Hatcham Terrace, let to E. S. Judkins for the same term||7||12||0|
|Nos. 2, 3, and 4, Hatcham Terrace, let to
J. Nathan for the same term||22||16||0|
|Nos. 1 and 5, Albert Terrace, let to J. Albert
for 69 years from Michaelmas 1841||18||4||0|
|(5l. a year for some additional land
added to the original rent of 13l. 4s. a
year, under order of the Board of
|Nos. 2 and 3, Albert Terrace, let to F. C.
Hills for the same term||13||4||0|
|No. 4, Albert Terrace, let to J. Nathan for
the same term||6||12||0|
|Nos. 3 and 4, Victoria Cottages, let to
R. Howard for same term||10||0||0|
|No. 2, Victoria Cottages, let to J. Matthews
for the same term||2||0||0|
|No. 1, Victoria Cottages, let to J. Pickering
for the same term||6||0||0|
|No. 1, Monmouth Place, let to J. Harnden
for the same term||6||0||0|
|No. 2, Monmouth Place, let to J. Brighton
for 62 years from Midsummer||6||0||0|
|Nos. 3, 4, and 5, Monmouth Place, let to
J. Crowhurst for same term||16||0||0|
|Nos. 14, 15, and 16, Monmouth Place, let to
J. Packer for same time||8||0||0|
|Five houses in 5 Bells Lane, opposite the
"5 Bells," let to J. Brighton for 62 years
from Midsummer 1848||20||0||0|
|No. 1, Orange Grove, let to J. Clack for 21
years from Christmas 1850||35||0||0|
|No. 2, Orange Grove, let to — King, as
|A piece of ground, 1a. 2r. 1p., let to William
Dennis, on building lease, for 81 years
from Michaelmas 1862; first year at peppercorn rent, second year at 33l. 5s., and third
and following years at||66||10||0|
|As sanctioned by the Board.|
|Nos. 1 to 5, Amelia Terrace, let to Joshua
Wilson, on lease for 62½ years, from
|Land in the Kent Road, at the angle of the
estate, near the New Cross Station, abutting
on the spare carriage depôt, let on building
lease for 80 years from Michaelmas 1853||60||0||0|
|In the year 1856 the governors, with the
sanction of the Court of Chancery, expended 5,788l. cash, in the purchase of
an estate called Palin's, at Knighton, in
the parish of Adbaston, in Staffordshire,
consisting of farm buildings and cottages,
and 107a. 1r. 20p. land. (See my Report
on Adams' Charity, Table of Property,
|Palin's Farm is now let to Thomas Lycett,
on lease for 21 years (determinable at 14
years) from Michaelmas 1861, at||205||0||0|
|In 1858, a sum of 349l. 17s. 4d. consols was
sold out, and the produce, 335l. cash, and
16l. 10s. 9d., invested in the purchase from
Joseph Hayward of two freehold cottages,
and 1a. 3r. 29p. of meadow land.|
|Two cottages are let to Thomas Clark, on
lease for 21 years, from Michaelmas 1861||11||0||0|
|One cottage, let to Henry Clark on a like
|The meadow land, 1a. 3r. 29p., is let to
Joseph Hayward, a yearly tenant||4||10||0|
|In 1855 the sum of 4,570l. cash was invested
by the order of the Court of Chancery in
the purchase of 99a. 1r. 36p. of meadow
land in the parishes of Willesborough and
Sevington, in the county of Kent (adjoining the Kentish estate of the Aske's
|The estate is now let to William Scott on
lease for 16½ years, from Lady Day 1855||150||0||0|
|The school, the lecturer and the master's
houses, almshouses, and gardens, in the
town of Monmouth, in hand.|
|The real estate (gross rental)||2,522||14||10|
|The stock, now belonging to the governors
(as before stated), is as follows:—|
|Standing in the name of the AccountantGeneral of the Court of Chancery, ex parte
the London, Brighton, and South Coast
Railway, 5,277l. 15s. 7d., 3l. per cent.
|Do. Exparte London and Croydon Railway
Company, 1,231l. 1s. 8d., 3 per cent.
|In the corporate name of the governors of
the Monmouth Charity, 2,712l. 14s. 2d.,
3 per cent. consols||81||7||7|
|(This constitutes the balance of accumulations for the 10 last years.)|
|The outgoings on the estate are:—|
|Clerk, Mr. Curtis||100||0||0|
|Surveyor, Mr. Snooke||50||0||0|
|Mr. Snooke is the surveyor of the London
property, and in addition to his salary,
which comprises a general attention to the
estate, or as it is expressed in the order of
the governors "to survey and report
generally to the governors upon the
state of repair and condition of the buildings, premises, and land belonging
to the Charity estate, and the drainage
thereof, the observance by the tenants
of the covenants in their leases, and of
all encroachments, obstructions, or nuisances, to give the requisite notices of
repair, and otherwise, and to see the
same be effectually complied with, to
attend all courts and committees, and
the master and wardens of the Company
when required on the business of the
Charity." He is to be paid specially
for all new buildings and plans, as well
for special surveys and business not included in the above.|
|The extra payments to the surveyor under
this head, for two and a half years from
July 1858 up to Christmas 1860 was
172l. 2s., or average about||70||0||0|
|The governors insure a portion of the metropolitan property, but this is to be considered a matter of arrangement with the
tenants in future.|
|Commission on the receipt of the rents of
the Kent Estate (Scott's rent)||7||10||0|
|Surveyor to the Staffordshire Estate (J. Cobb)
salary, lately raised to||10||0||0|
|Labour in the woods||1||0||0|
|Sewers and other rates on the Metropolitan
Estate in 1862||30||0||0|
|Deputation, consisting of the Estates' Committee (15 or 17) of the court and clerk and
surveyor, visiting the New Cross Estate
annually, and also a deputation of three
members of the court to Monmouth every
A scheme for the entire reconstruction of the Charity
was settled by the Court of Chancery on the 26th July
1854, and is recorded in this office.
The disbursements on account of the Charity, under the
new scheme now are:—
|The Rev. J. D. Watherston, the lecturer,
was appointed by the governors in 1859
(he was previously the head master of the
|He is provided with a good dwelling
|The lecturer has the general superintendence of the Charity at Monmouth.
He examines and reports to the governors
the state of the school twice a year, and
he has immediate superintendence of the
almspeople, visiting them weekly, and
keeping a report book. He has to perform
a full service twice on Sundays, and on
Ash Wednesday, Good Friday, and Ascension Day, and administer the Sacrament
four times a year, with spiritual attendance
on other occasions. (See clause 6 of the
Statutes appended to this Report.)|
|The services are to be performed in the
church, if it can be had for that purpose,
and if not, it is to be performed in the
schoolrooms, where the almspeople attend.
The services are open to the public, and it
is proposed to build a chapel, to contain
not less than 250 persons.|
|On the 13th July 1832 the salary of the
lecturer was raised from 140l. to 150l., and
10th May 1841 from 150l. to 175l. These
advances were under orders of the Court
of Chancery of those dates.|
|The Rev. C. M. Roberts, the head master of
the school, was appointed in 1859. He is
provided with a good dwelling-house.|
|The salary of the master was raised by the
order of July 1832 from 120l. to 170l., and
by the order of the 10th May 1841 to
|The masters are elected by the governors
on probation, and remain on trial for six
months, at the expiration of which period
the visitors are to report to the governors
their opinions upon the character and
abilities of the masters. (See Clause 36,
p. 9, of the Statutes, which I append).
The Statutes were settled by the Court of
Chancery in 1854, and Clause 37 precludes
the masters from taking boarders.|
|Mr. W. Pitt, the usher, or second master,
was appointed in 1853 third master, and
in 1857 second master.|
|The salary of the usher was by the order
of the Court of Chancery of the 13th July
1832 raised from 60l. to 80l., and by order
of 10th May 1841 from 80l. to 130l.||130||0||0|
|He is also provided with a dwellinghouse.|
|Mr. W. Rogevear, is the third master; he
was appointed in 1858. This office was
constituted by the Court of Chancery by
its order of the 26th July 1854, at a salary
of 100l. The governors in consideration of
the third master having no house, have
increased the salary to 120l.||120||0||0|
|The writing master.—This office was constituted by the order of the Court of
Chancery of the 5th August 1828, at a
salary of 60l., which was increased on the
10th May 1841 to 90l.||90||0||0|
|The present writing master is Mr. Robert
Earle, who was appointed in July 1862.|
|He has no dwelling-house allowed him
by the Charity.|
|The examiner.—This office was constituted
by the order of the 13th January 1852, and
confirmed by the scheme of the 26th July
1854. Under the scheme of 26th July
1854 he is to be allowed 10l. for each halfyearly examination, besides his travelling
and other expenses. His qualifications are
defined by Clause 34 of the Rules appended
hereto. The last Report of the examiner
on the school is appended||41||0||0|
|Books and stationery, average of nine years||49||0||0|
|Coals, clock, and sundries||40||0||0|
|The exhibitions.—The sum applicable to this
purpose is uncertain, inasmuch as the class
of youth attending the school is not such
as can afford a maintenance at the University, with the small assistance which
the exhibition affords||30||0||0|
|At present there is only one exhibitioner.
In 1858 there were two.|
|The nurse.—Her duties are to give constant
attendance to the poor men and women.
She has no residence||31||4||0|
|The surgeon.—This includes medicine and
attendance upon the almspeople||20||0||0|
|The 20 almspeople.—They consist of 10 men
and 10 women, none of them being
married, each receives 8s. a week||416||0||0|
|Ten cloaks, annually||15||0||0|
General expenses of the school and almshouses, and on
the dwellings of the lecturer and masters:—
|Insurance (on 4,500l.)||10||2||6|
|Water and gas||19||0||0|
|Repairs on an average of the last nine years
The aggregate charity disbursements may, therefore,
be thus stated:—
The formation of several railways crossing the line of the
estate, as before observed, led to various sales of portions
of the estate to the different companies.
The following table exhibits the times at which these
various plots were alienated, the several companies by
which they were taken, the quantities of land, and the
amounts in stock and in cash paid or invested to the
account of the governors in respect of such land.
Sales to Railways.
|1833||—||London and Greenwich||0||2||2||Cash||75||0||0|
|1836||November 15||London and Croydon||11||2||21||Stock||3,605||3||0||3 per cent.|
|1844||July 9||South Eastern||3||1||8½||"||1,052||12||8||"|
|1846—3rd November (300l. 15s. sold, and
in 1850 the remainder).|
|1846||March 24||London, Brighton, and South Coast for land and
six cottages, lately let to Martin. (Cormack's
rent reduced from 75l. to 67l. 15s., and
Brown's from 75l. to 49l. 11s.)||4||0||14||"||5,174||12||11|
|1847||July 21||Thames Junction Railway, now London,
Brighton, and South Coast Railway||1||1||16||"||905||11||0|
|The above sums have been reduced by various
sales and investments, as follows:—|
|1855||March||Willesboro', Kent, purchase||—||Stock||12,398||14||10||Consols|
|1855||July||Redemption of land tax on the Metropolitan
|1856||—||Staffordshire, Palin's purchase, 5,788l.||—||—||6,060||14||8|
|1857||February||Redemption of land tax on the Staffordshire
|The amount still remaining in respect of the
foregoing alienations of the Charity||—||—||1,231||1||8|
|There has been also a further sale, as
|1856||—||London, Brighton, and South Coast Railway
|(This sum has not yet been dealt with for
The surplus of the income of the Charity will, therefore,
amount to upwards of 1,000l. a year.
It is expected that there will be a disbursement of about
100l. in repairs on the farm buildings on Lycett's farm, in
the Staffordshire estate, in the present year.
The directions of the scheme of 26th July 1854 for the
application of the income of the Charity and the surplus
are as follows:—
The governors shall pay out of the income of the
Charity the necessary repairs and outgoings in respect of
the Charity estates and buildings, and the costs, charges,
and expenses properly incurred by themselves, and the
visitors, in and about the performance of their duties as
governors and visitors; and also the following stipends;
that is to say,—
To the lecturer, 175l. per annum.
" head master, 230l. per annum.
" second master, 130l. "
" third master, 100l. "
" writing master, 90l. "
" examiner, 20l. per annum, and his travelling and
other expenses not exceeding 21l. per annum.
To the two exhibitioners, 30l. per annum.
To the clerk of the Haberdashers' Company for receiving
the rents and dividends and transacting the ordinary
business of the Charity, including attendance on all
committees, both ordinary and special, a salary not
less than 90l. nor more than 135l. per annum, at the
discretion of the governors.
To the surveyor of the Company, for surveying the
Charity estates and buildings and reporting thereon,
including attendance on the courts and committees
when required by the governors, a salary of not less
than 50l. nor more than 75l., at the discretion of the
Provided, that it shall be lawful for the governors, if
they shall think fit and the funds shall be sufficient for
that purpose, to increase the salaries of the lecturer and
masters, including the writing master, or any of them, by
any amount not exceeding 25l. per cent. on the stipend
herein-after directed to be paid to them respectively, and
to increase the number of exhibitioners to any number not
exceeding four, and the stipend of each exhibitioner to
any sum not exceeding 50l. per annum.
After making the payments mentioned in the last clause,
and paying the allowances to the almspeople, and paying
to a nurse for the almspeople 10s. a week, and to an
apothecary for the almspeople 15l. a year, and providing
cloaks for the almspeople, and applying such sum not
exceeding 30l. in any one year as the governors shall
think fit in purchasing books for the school library, and
such sum not exceeding 20l. per annum as they shall
think fit, for prizes, not exceeding 5l. for each prize, the
remainder of the income shall be invested by the governors
in Government stock by way of addition to the property
of the Charity, and the dividends of the stock so purchased
shall be considered and dealt with as income of the
The present visitors are:—
Archdeacon Crawley, Bryngwin.
Rev. J. L. Dighton, The Garth, near Monmouth.
Rev. E. F. Arney, Monmouth.
Rev. J. Burdon, English Bicknor, Gloucestershire.
Rev. Edwd. Machen, Staunton, near Coleford.
J. E. W. Rolls, Esq., The Hendre.
J. F. Brickdale, Esq., Newland.
S. R. Bosanquet, Esq., Dingeston Court.
H. M. Clifford, Esq., M.P.. Llantillio.
Owen Jones, Esq., Newnham.
Captain James Davis Garth.
George Griffin Tyler, Esq.
It has been suggested on behalf of the town council,
that the mayor, ex officio, should be a visitor; but on this
point, I am informed that the inhabitants are not
unanimous. The Rev. E. F. Arney is the vicar of Monmouth, but is not ex officio visitor. The admission of
both, the vicar and the mayor, as visitors, ex officio, would
be a proper regulation.
Under the scheme of 1854, the school is limited to 100
boys, who are to be of the borough of Monmouth, and
the counties of Monmouth, Hereford, and Gloucester
(clause 12). The 100 boys are to be educated entirely free
The school is divided into the classical and the commercial divisions, the respective courses of instruction in
which are settled by the clauses 27, 28, and 29 of the
rules, appended to this Report. I am informed that the
number of boys in the classical school is 19, of the average
age of 13 years; and the number in the commercial school
81, of the average age of 11. The boys, however, are kept
altogether in one schoolroom. The schoolroom, as far as
I can ascertain by a scale on the map, is about 62 feet by
There are constantly more applicants for admission to
the school, than there are vacancies. At the last election
there were 22 candidates, and only six vacancies. There
is no payment whatever made by the boys, who are
admitted by the visitors at their quarterly meetings, the
Company exercising no control over their nomination.
The last scheme in increasing the exhibitions to four,
extended them to the University of Durham and St. David's
College, Lampeter, as well as to the English Universities.
I append a letter of the head master in reply to my inquiry
on the condition of the school, together with the last
report of Mr. Seeley, the examiner.
The governors have intimated their intention, at the
instance of the visitors, to hire a field on the estate of the
Duke of Beaufort on the other side of the Wye, as an
exercise and cricket ground for the boys. It has also been
proposed to build a chapel on the land belonging to the
Charity for the use of the lecturer, capable of containing
not less than 250 persons.
A deputation of inhabitants of Monmouth who attended
my inquiry, stated that the people of the town were
anxious that these plans of improvement should be greatly
extended, that instead of the chapel being built in a
confined situation, restricting also thereby the space which
they required as desirable to form a site for the extension
of the school buildings, they wish the chapel to be a
building of much greater capacity, and to be erected on
the opposite side of St. Mary Street, where it would in
their opinion form a great public improvement in the
town. It is stated that what is now the site of an old
malthouse might be procured on easy terms, and would be
a good position for the new building.
The municipal council of Monmouth nominate three
candidates for any vacancy in the almshouses, returning
the number of votes for each candidate. The almspeople
consist of 10 men and 10 women, and a vacancy when it
occurs is reported to the Company by the lecturer. On
the receipt of the three names the court of the Company
It is customary, I am informed, although I do not see
anything in the rules on the subject, to exclude any
applicants to the almshouses who have received parish
relief during the preceding two years. It might, I should
think, be desirable if the governors approved of it, to
release them from this restriction, and also from the clause
which confines the almspeople to those who are sole and
There is a national school at Monmouth, supported by
voluntary contributions, and other donations, the number
of scholars in which is much diminished by their being
drafted off to this school, to avoid the payment of threepence per week, and the consequence is, that the class of
boys attending the endowed school in the largest numbers
is so low, that the school is rendered of comparatively
small value to the classes of the inhabitants who are in
better condition. I am told that there were formerly 110
boys in the national school, and they are now reduced to 60.
The girls' school, which is not thus interfered with,
maintains its number of upwards of 100.
The master of the endowed school has often had excuses
for non-attendance of the boys on the ground that they
had not shoes to wear.
The professional men in the town, I am informed,
habitually send their sons to other places of education.
It is greatly desired that the school should be raised and
made one of the highset class, and the respectable inhabitants are perfectly willing that capitation fees of two or
four guineas a year should be imposed for instruction of
the best and most comprehensive character.
The funds arising from this endowment even at the
present time, and the income which may hereafter be
expected, are so large that I forbear any consideration of
what might be done for the improvement of schools of the
limited character of those which have been already
established in Monmouth. There are ample means of
establishing educational institutions in the town of Monmouth to render it a great collegiate centre for the adjacent
English and Welsh counties. Not only school buildings,
halls for instruction of large numbers of all classes, and
in all subjects and kinds of study and exercise may be
established, but houses might be erected for the habitation
of boarders, from a distance, which may be let to fitting
persons, retaining the control in the heads of the college,
to secure the moral and physical welfare of the scholars.
The inhabitants of every class may at the same time
obtain the best teaching that the kingdom can offer at the
most moderate rates of payment, which will be far more
beneficial to them than the establishment of schools free
of payment. It is sufficient, at present, to point out the
opportunity which this endowment affords of adopting at
Monmouth the most comprehensive scheme of public
education which has ever yet been devised; and one which
may lead the way to national improvement.
After all has been done that can be effected by means
of the best institution that can be established in Monmouth
at no distant time, the funds of the endowment will
probably far exceed all that needs to be or can be properly
expended in its maintenance. It will then be for the
Legislature to consider the principles which should be
applied to the government of endowments. A cypres
system might of course cover the whole of South Wales
with free schools and almshouses, but it may be hoped
that no such pernicious waste will be permitted. The
whole of this Charity might form an experiment and an
example for the future. It contains most of the elements
which are offered for consideration in such cases, an
estate originally devoted to limited purposes, becoming
disproportionately large in comparison with its objects,
the establishment of a free school at a period when
nothing was done by the State for the general education
of the people, and provision for a certain number of the
aged poor of a small country town, before the Poor Law
had come into general operation.
The estate dedicated to these purposes lies in what is
in modern times the centre of a vast population, standing
as much in need of aid as any in the kingdom, whilst the
locality for which the benefit was designed does not greatly
differ, or not more than the average of other places, from
its original condition. The question to be decided is,
whether the exceptional law which sets apart this portion
of the soil and property of the kingdom for perpetual uses
for youth and age requiring special assistance, shall be
administered in a literal and servile compliance with the
dictates of a testator who lived two centuries and a half
ago, or according to the wants and the judgment of the
generation in which we live.
2. Jones' Charity.
William Jones also by Will gave to the parish of Newland,
Gloucestershire, for the poor and for the preacher 5,000l. to
be paid into the hands of the Company.
The parish of Newland is about six miles from Monmouth,
where the other great portion of the founder's Charity is
The decree of the Court of Chancery of the 13th
December 1701, adjust the claims of this Charity as against
the other investment of the Company, and the Company
was thereby charged with 200l. per annum in respect of
this gift, and it was thereby further ordered that the
Company should set out of their own lands of inheritance,
or else purchase as much lands of inheritance as would
effectually answer to the said Charity 200l. per annum, and
that were not subject to any other charities or incumbrances.
No lands have been purchased, but the Company appropriate 6,666l. 13s. 4d., 3l. per cent. consols, part of the stock
belonging to them producing 200l. per annum to meet this
There are 10 almshouses in the parish of Newland with
a small garden, together with a house for the lecturer.
The buildings are old, having been erected not long after
the foundation upon two acres of land purchased in 1617.
The Charity was incorporated by the Charter 17 Jas. 1st,
and the Haberdashers' Company were thereby appointed
governors of the possessions, revenues, and goods of the
almshouse of William Jones, in the parish of Newland,
in the county of Gloucester."
The governors appoint a lecturer, who is at present the
Rev. George Ridout, and who has filled the office more
than 50 years. He is also the vicar of the parish. He
receives annually a stipend of 69l. 2s. 10d.
There are 16 almspeople consisting of an equal number
of men and women. Some of the 10 houses are double,
and are inhabited by two men or two women. The almspeople receive 3s. a week each, making altogether 124l. 16s.
To this the governors have lately added a donation of five
tons of coals, at an expense of about 2l. 15s.
Once in two years the Company give them cloaks and
gowns. In 1860, the Company expended in this way
18l. 2s. 4d., and on the visits of the deputation they
generally receive 2s. 6d. apiece.
A nurse is occasionally employed for attendance on the
people. The expense of this varies from 4l. to 10l., according to circumstances.
The repairs of the almshouses vary from 3l. to 6l. The
governors also pay 3l. 15s. a year for insurance.
These charges constantly exceed the liability of 200l. a year.
In 1861, when there were no cloaks and gowns, and no
deputation, the payments amounted to 209l. 12s. 10d. (fn. 3)
3. Jones' Charity.
William Jones also by his will gave to the Company
1,440l. for the maintenance of nine poor of the Company,
at 8l. a year each.
The Company nominally appropriate 2,400l., 3l. per cent.
consols, producing 72l. a year for the payment of nine
pensioners, freemen of the Company.
4. Jones' Charity.
William Jones, by his will, gave to the Company a house
in Size Lane, which cost 1,000l., and a sum of 600l. to
some learned and faithful preacher, to be appointed by the
The endowment of this lectureship, which is called the
"Golden Lecture," and is delivered now at the church of
St. Margaret, Lothbury, on every Tuesday morning
throughout the year, consists of the house devised by the
testator, and another house purchased by the Company,
partly with the 600l. which he bequeathed.
The estate is—
|No. 14, Size Lane, let to George Cox for 21
years from Lady Day 1851||75||0||0|
|No. 15, Size Lane, let to Alfred Jones for 21
years, from Lady Day 1851||50||0||0|
|No. 16, Size Lane, let to F. Wishton for 21
years from Lady Day 1861||200||0||0|
|No. 202, Fleet Street, let to James Parrot's
executors on a building lease for 61 years
from Christmas 1832||40||0||0|
|Nos. 7 and 8, Apollo Court, Fleet Street, let
to Robert Hanbury for 48½ years from
|Easement on Apollo Court, paid by the
proprietor of the "Cock" Tavern||0||2||6|
|A sum of 26l. 19s. 4d., 3l. per cent. Reduced
Annuities, forming part of a larger sum
belonging to the Company, part of the
produce of a fine||0||16||2|
The income of the Charity, deducting the property tax,
is paid by the Company to the lecturer, who is appointed
by the majority of the court present and voting at the
The present lecturer is the Reverend Daniel Moore. (fn. 4)
A sum of 66l. 13s. 4d. stock is reserved by the Company as applicable to this gift of 50l. to be lent at interest
(see Loan Charities), and 1l. a year is paid by the
Company to Mr. Temple, the officer of the city, for the
use of the prisons. The remaining 1l. is paid to a poor
freeman with the Michaelmas gifts.
Loans with Interest
An information was filed by the Attorney-General,
at the relation of George Shoobridge, a freeman, against
the Haberdashers' Company, which came on to be heard
on the 8th June 1835, when the Defendants submitted to
be charged with the following sums (i.e.):—
|Dame Mary Ramsay||150||0||0|
And the other sums (mentioned in the Report of the
Commissioners of Inquiry, Vol. 10, page 231) being stated
to be lost, the Court charged the Company with the sums
so admitted accordingly, and ordered the costs to be taxed,
and it was referred to the master to settle a scheme for
the future application of so much of the said sum of
1,161l. 10s. as should remain after the payment of the
The Court made an order on further directions of the
27th February 1836, confirming the scheme of the 21st December 1835, which scheme was as follows:—
1. That so much of 1,161l. 10s. mentioned in the decree
as shall remain after payment of costs be set apart as a
fund to be called the "Loan Fund bearing Interest," and
that the management of the said fund, and all matters
incidental thereto, be vested in the court of assistants.
2. That 500l., part of said fund, be lent by way of loans
to young freemen of the Company in sums of 100l. and
upwards, but not exceeding 200l., to each freeman for five
years, bearing interest at 5l. per cent. upon bond, with
two or three good securities for the repayment, to be
approved of by the court of assistants.
3. That the residue of the said fund be lent in sums of
100l. to 200l. to young freemen for five years at interest at
3l. per cent. on bond, with two or three good sureties.
4. That each applicant for the loans shall at the
respective times of the same being made give a bond, with
two or three sureties, as may be required, whereby they
shall become jointly or severally bound to the Company in
a penalty of double the amount of the sum borrowed,
conditioned for the repayment of the said principal sum
within three calendar months from the lending thereof;
but the calling in of the said loan is not to be made, nor
the said bond put in force, until the expiration of five
years from the date thereof, unless it shall be manifest to
the Company upon good grounds that any of the obligors
or sureties are not responsible or are unable to satisfy the
same, in which case it shall be lawful for the said Company to call in the money, and in case of non-payment to
put the said bond in force unless the borrower being or
continuing solvent can procure another surety or other
sureties of substance as the case may require, and the
Company shall judge necessary; and in the event of the
borrower becoming insolvent, or in distressed circumstances, or in the opinion of the court of assistants unable
to discharge the said loan, that then it should be lawful
for the Company immediately thenceforth to put the said
bond in force against the said borrower and his sureties,
or such of them as the said Company shall think fit.
5. That on the death of any borrower before the said
five years shall expire the said Company shall call in the
money, and in case of non-payment put the said bond in
force against his representatives and sureties, and all
persons liable thereon.
6. That the respective borrowers shall bear and pay all
proper and necessary charges and expenses of and attending
the making and executing the bonds and other matters
7. That a book shall be provided and kept by the clerk
of the said Company, in which shall be entered the names
and residences of the respective borrowers and their
sureties, their profession or business, the sums lent, the
time for making the loans and when payable, and any
other particulars which may be thought necessary.
8. That at the expiration of each and every year of
making the said loans, or within 21 days afterwards, the
respective borrowers do, if thereunto required by the
Company, attend at the common hall of the Company, in
order to give an account of the state and circumstances of
themselves and of their sureties.
9. That from and immediately after any of the moneys
called in shall be received, notice shall be posted up in the
common hall of the Company and advertised in two or
more of the London daily newspapers of the greatest
circulation, that such moneys are ready to be advanced on
loans to young freemen of the said Company.
10. That notice of the said funds or such part thereof
as are or is now in hand shall be immediately in like
manner posted and advertised as ready to be advanced on
loan to young freemen of the said Company at such rates
of interest as aforesaid.
11. That all reasonable and necessary expenses incidental to the carrying out this scheme (except such as
shall be properly chargeable to the borrowers) shall be
borne and paid out of the Trust fund, or out of any
interest to be made therefrom while in hand, until the same
shall be so sent out as aforesaid.
12. That the articles of this scheme shall be printed and
put up in the hall of the Company.
13. That the said book shall be open to the inspection
of all or any of the members of the said Company at all
reasonable times without expense.
The order then proceeded to direct that the interest to
be received in respect of such loans should be appropriated
to the purposes directed by the several donors.
After the taxation of the costs the sum was reduced to
945l. 10ss. 11d. cash, which was invested to the purchase
of 944l. 7s. 3d., 3l. per cent. consols. In obedience to
this scheme, the Company, when they had lent the whole
of the funds without interest in 1838, published advertisements of the fact that the funds were to be lent at interest,
but no application for it on these terms has ever been
made, and there has therefore been no occasion to repeat
The benefactions to which the interest was to be applied
are, however, provided for by the Company as stated under
the head of several donations.
Loans without Interest.
The Commissioners of Inquiry report (Vol. 10, p. 230)
the various bequests of sums to be lent gratis by the
They consist of the following, after deducting certain
portions which have been lost at different times:—
|Sir William Romney||50||0||0|
|Sir Richard Fenn||50||0||0|
These were the subject of an information by the AttorneyGeneral of the relation of Wm. Shoobridge, a member of
the Company against the Haberdashers' Company, and
were the subjects of an inquiry before the Master; and
a report of the 3rd August 1833, in which the sums given
in such trusts were found, and the loss of various portions
of them were also found. And by a decree of the ViceChancellor of England of the 29th April 1834, it was
declared that the defendants were chargeable with the
sum of 1,546l. 13s. 4d., being the amount of gifts received
by them after deducting certain losses amounting to
703l. 6s. 8d. And it was ordered that it be referred back
to the Master to tax the costs of the suit to be paid out
of the said 1,546l. 13s. 4d. And it was ordered that the
Master should settle and approve of a proper scheme for
the future regulation of the funds.
The Master approved and certified a scheme by his
report of 23rd December 1834, and having taxed the costs
of the parties, the said fund was reduced to 1,105l. 10s. 10d.,
and when the subsequent costs were taxed the ultimate
residue was 1,028l. 10s. 3d.
The scheme settled as aforesaid for the administration
of the residue was as follows:—
1st.—That so much of the said 1,546l. 13s. 4d. mentioned
in the said decree as shall remain after payment of the
costs of the suit be set apart as a fund to be called the
"Loan Fund," and the management of the said fund and
all matters incidental thereto be vested in the court of
assistants of the said Company for the time being.
2nd.—That the said fund be lent by way of loans to
poor freemen of the Company in sums of 100l. and
upwards, but not exceeding 300l., for five years without
interest upon bond, with two or three good securities for
any sum to be approved of by the court of assistants.
3rd.—That each applicant for such loans shall at the
respective times of the same being made give a bond with
two or three sureties as may be required, whereby they
shall become jointly and severally bound to the said
Company in a penalty of double the amount of the sum
borrowed, conditioned for the repayment of the said principal sum within three calendar months from the lending
thereof, but the calling in of the said loan is not to be made,
nor the said bond put in force, until the expiration of five
years from the date thereof, unless it shall be manifest to
the said Company upon good grounds that any of the
obligors or sureties are not responsible or are unable to
satisfy the same, in which case it shall be lawful for the
said Company to call in the money, and in case of nonpayment to put the said bond in force unless the borrower
can procure another surety or other sureties of substance,
as the case may require, and the Company shall judge
necessary; and in the event of the borrower becoming
insolvent or in distressed circumstances, or in the opinion
of the court of assistants unable to discharge the said loan,
that then it shall be lawful for the said Company immediately thenceforth to put the said bond in force against
the said borrower and his sureties, or such of them as the
said Company shall think fit.
4th.—That on the death of any borrower before the said
five years shall expire, the said Company shall call in the
money, and in case of non-payment, put the bond in force
against his representatives and sureties and all persons
5th.—That the respective borrowers shall bear and pay
all proper and necessary charges and expenses attending
the making and executing the bonds, and all other matters
6th.—That a book shall be provided and kept by the
clerk of the Company, in which shall be entered the names
and residences of the respective borrowers and their
sureties, their profession or business, the sums lent, the
times of making the loans and when payable, and any
other particulars which may be thought material or
7th.—That at the expiration of each and every year of
making the said loans, or within 21 days afterwards, the
respective borrowers do attend at the common hall of the
Company in order to give an account of the state and
circumstances of themselves and of their sureties.
8th.—That from and immediately after any of the
money called in shall be received, notice shall be posted
up in the common hall of the said Company and advertised
in two or more of the London daily newspapers of the
greatest circulation, that such moneys are ready to be
advanced on loans to freemen of the said Company.
9th.—That such part of the said fund as is now in hand,
shall be immediately in like manner posted up and advertised as ready to be advanced on loans to freemen of the
10th.—That all expenses incidental to the carrying this
scheme into effect (except as shall be properly charged to
the borrowers) shall be borne and paid out of the said
11th.—That the articles of this scheme shall be printed
and put up in the hall of the Company.
12th.—That the said books shall be open to inspection of
all or any of the members of the said Company at all
reasonable times without expense.
The Company advertise the loans according to the
scheme, and the money now lent is as follows:—
|J. K. King||300||0||0|
At the end of 1861 there was a balance of 277l. 11s. 5d.
The sum had been reduced in the expense of advertising,
which of course must ultimately exhaust the fund.
The gift was of a sum of 200l. to be lent out, of which
50l. was lost, and the Company were therefore charged by
the Court of Chancery with 150l. (see "Loan Charities")
in respect of which they appropriate 150l., 3 per cent.
consols, to pay 4l. 10s. a year to four poor widows of
freemen at 1l. each, and one widow at 10s. annually at
Owen Morgan, by will of the 31st March 1604, gave his
lands and tenements (subject to certain life estates) to the
Company to pay 20l. a year for the relief of the poor of
The Company have still a tenement in White Lion
Court, Fleet Street, let at 200l. a year to Messrs. Bohn, on
which the rentcharge of 20l. per annum to the poor of
Oswestry is charged.
The sum is annually paid without deduction to the
churchwardens of that town.
Robert Offley, by will of the 9th April 1596, gave to the
Company 200l. to be lent to four young men.
And he also gave 200l. to the Company to pay 10s. each
to 20 poor people.
And also 200l. to the Company for founding two scholarships at Oxford and Cambridge of 5l. each.
In respect of the first 200l., the Company are charged
with a part of the 1,546l. 13s. 4d. to be lent without
The 200l. the interest of which was to be distributed to
the poor (of which 150l. only remained as a loan fund), is
administered by the distribution of 10s. each to 20 poor
freemen or widows annually at Lady Day; and the interest
on the other 200l. having fallen into arrear for a long
period previous to the last inquiry, the Company now
nominate one exhibitor of 10l. a year, and the corporation
of Chester appoint another exhibitioner of 10l. a year, who
is paid by the Company. They are both full, the present
exhibitioners are E. D. Whitmarsh and W. H. Parry.
The 30l. a year thus paid is nominally attributed as the
produce of 1,000l., 3 per cent. consols.
Mary Paradyne, by indenture of the 4th September 1629,
gave 300l. to the Company, they covenanting to pay 16l.
a year as follows:—
|To four poor preachers||10|
|To the poor of St. Andrew Ward
|To poor freemen of the Company||3|
The Company appropriate 533l. 6s. 8d., 3l. per cent.
consols, as the source of this 16l. a year, and apply 10l. a
year equally amongst four poor preachers, clergymen of
the Church of England, chosen annually in January by
the four wardens. Three pounds are divided in sums of
15s. each among four poor freemen on St. Thomas' Day,
and 3l. paid to the churchwardens of St. Andrew's by the
Sir Stephen Peacock, by will of the 3rd November 1535,
gave to the master and four wardens of the Company, and
their successors for ever, lands in St. Sepulchre, Newgate,
for the performance of certain obits, with a devise over, in
case the same should not be held, to the parish of
St. Martin, Ludgate, upon the like conditions.
The charitable gifts, apart from the superstitious uses,
amount as follows:—
|To 12 poor men of the Company||12||0|
|" poor of St. Martin's, Ludgate||13||4|
|" clerk and beadle of Company||3||4|
|" poor prisoners of Newgate and Ludgate two loads of charcoal at 12s. a
|" master and wardens||16||8|
The property which under certain sales and re-investments now consists of a house, No. 24, Crutched Friars,
with stables in French Horn Yard, let to Mrs. Blackett,
and others, at a rent exceeding 100l. a year, has been since
the Reformation held absolutely by the Company, subject
only to the charitable uses. It is probable that, as between
the Crown and the Company, the latter became the
purchaser of so much of the property as was subject to
the superstitious use under the instruments and Act of
Parliament of James 1st, which I have mentioned in my
other Reports on the Charities of the City Companies.
|This Company pays to the churchwardens of
St. Martin, Ludgate||0||13||4|
|To the officers of the Company||1||0||0|
|To one poor freeman or widow of a freeman
at the Michaelmas distribution||0||12||0|
|The gifts to the prisoners have been increased
as the price of coals has advanced. It is
to Mr. Temple, the hall keeper at the
|£10||5||4 (fn. 5) |
Sir Nicholas Rainton's Charity.
Sir Nicholas Rainton, by his will of the 2nd May 1646,
bequeathed to the Company two messuages and premises,
in the parish of St. Edmond the King, Lombard Street,
to pay out of the rents as follows:—
|To 25 poor men and widows, 26s. at St. Catherine's tide||32||10||0|
|To the master and wardens||5||0||0|
|To the clerk and beadle of the livery||1||10||0|
|To the beadle of the yeomanry and porter||0||13||4|
|To the St. Bartholomew's Hospital||12||0||0|
|To put out poor children apprentice, and to
clothe poor people at Lincoln||10||0||0|
|To put out three children apprentice at
|To the poor of the parish of Washingboro'
and Heighington, Lincolnshire, 5l. 4s. each
|To the parish officers of said parishes||1||0||0|
|To the poor of St. Edmond the King||2||0||0|
|To the poor of St. Mary Woolnoth||2||0||0|
And the residue of the said rents for the Company.
The property consists of Nos. 2 and 3, Plough Court,
Lombard Street, and No. 37, Lombard Street, still
belonging to the Company.
|The Company pay annually to 25 poor
freemen or freemen's widows of their
Company, 1l. 6s. at Midsummer||32||10||0|
|The treasurer of St. Bartholomew's Hospital||12||0||0|
|The treasurer of the municipal charities of
the city of Lincoln||10||0||0|
|The churchwardens of the parish of Enfield||10||0||0|
|The rector and churchwardens of Washingboro'-cum-Highington, Lincolnshire||11||8||0|
|The churchwardens of the parish of St. Edmond the King||2||0||0|
|The churchwardens of St. Mary Woolchurch||2||0||0|
|The master, four wardens, clerk, beadles, and
porter of the Haberdashers' Company||7||3||4|
Dame Mary Ramsay's Charity.
This was a gift of 200l. for loans, of which 50l. appears
to have been lost, and for the residue no application is
now made under the scheme. The Company, however,
nominally appropriate 250l., 3l. per cent. annuities as the
capital of the Charity, and pay the dividends, amounting
to 7l. 10s. a year, annually to a poor liveryman of the
Company. (See "Loan Charities" with interest.)
Lady Romney's Charity.
Dame Rebecca Romney, by indenture of the 4th September 1629, gave 1,200l. to the Company on condition
that they should lend out 200l., part thereof, to four young
men, and also pay 48l. a year as follows:—
|To four poor scholars of Cambridge||24|
|To two poor men (6l. apiece)||12|
|To four poor women (3l. apiece)||12|
In the proceedings before the court on the loan charities
to be made gratis, the Company admitted 50l. to be
remaining in their hands on account of the 200l. given by
Lady Romney on that account, and were charged with
such sum of 50l. accordingly as will appear by reference to
my statement of the proceedings in that case. The Company adopted the recommendation of the Commissioners
of Inquiry (Vol. 10, p. 216), and in consideration of the
arrears not applied in respect of exhibitions, have since
doubled the amount, and pay annually four exhibitions of
12l. each to students at the Universities, two at Emmanuel
College and two at Sidney Sussex College, Cambridge.
The exhibitioners are elected by the court of the Company, and hold their exhibitions until they take their
degree, but not for a period exceeding four years.
The present exhibitioners are Messrs. Marsh, Crosswell,
Williams, and Harper.
The Company also pay two pensions to freemen of the
Company of 6l. a year each, and four pensions to freemen's
widows of 3l. a year each.
The whole distribution amounts therefore to 72l. a year,
for which the Company appropriate nominally 2,400l., 3l.
per cent. stock, a part of the fund belonging to them.
Seabrook and Harrison's Gifts.
William Seabrook, by a codicil to his will of the
12th June 1747, gave to the Company 100l. to be invested
and to be reserved as a fund to supply the deficiency upon
the charities which the Company paid beyond their
Sir Thomas Harrison in 1753, gave 50l. for a similar
The sum of 150l., 3l. per cent. consols, part of the
Company's own funds, is attributed to these gifts, and the
Company credit themselves with 4l. 10s. "for assisting
deficient charities." I do not apprehend that this can be
properly regarded as a charity or as anything else than
gifts to the Company.
Thomas Shingler by indenture of the 22nd March 1616,
gave the Company 100l., they covenanting to pay 5l. a
year as follows:—
|To the town of Rugby for bread to the poor
and a sermon||4||15||0|
|To the Company's officers||0||5||0|
The Company appropriate nominally 158l. 6s. 8d. stock
3l. per cent. consols, the dividends of which amounting to
4l. 15s., which is paid annually to the rector and churchwardens of Rugby.
Henry Somer, in the 16th century, gave to the Company
a tenement in St. Dunstan's-in-the-East, of the yearly
value of 3l., for a yearly obit of 30s., for 12s. to 12 poor
men of the Company and 2s. to the clerk and beadle.
Nothing is known of the property charged. The Company have appropriated 23l. 6s. 8d., 3l. per cent. consols,
of which they give in respect of the dividends, 12s. to one
poor freeman at their Michaelmas distribution, and the
remaining 2s. to their officers.
John Taylor, by will of the 13th November 1600, gave
to the Company 200l. to be lent to four young men, 50l.
each, and each young man should give every Sunday 6d.
in bread at the church of St. Stephen, Coleman Street, for
the poor of that parish.
The loan fund does not form any part of that with which
the Company was charged in the proceedings before the
Court of Chancery in the loans with interest.
The Company have, however, continued to charge
themselves with the gifts to be made at the church of
St. Stephen, Coleman Street. These were increased in
1836 to 5l. 4s. a year, which is paid annually to the
churchwardens of the parish. The Company attribute
173l. 6s. 8d. of the 3l. per cent. stock as nominally producing this dividend.
Throckmorton Trotman, by will of the 30th October
1663, gave to the Company 2,000l. to purchase a 100l. a
year to be disposed of as follows:—
|For a lecture at Dursley, Gloucestershire||15||0||0|
|For a school in Cripplegate, London||80||0||0|
|For the poor of the Company||5||0||0|
And he gave a further sum of 400l. towards the accomplishing thereof.
It appears that the schoolhouse and master's house,
No. 103, Bunhill Row, Cripplegate, and the site, was
provided by the Company, at an expense of 923l.
The testator also gave to the Company other 2,000l.
to purchase lands of 100l. a year, for the uses
|To a Sunday lecturer at St. Giles', Cripplegate||20||0||0|
|To a lecturer on Thursday afternoon, or
some other day, at St. Giles', Cripplegate||20||0||0|
|To the clerk and sexton (2l. each)||4||0||0|
|To the Company, to give to those who take pains||6||0||0|
|To find candles at the time of preaching the lectures||4||0||0|
|To the poor of Cripplegate||16||0||0|
|To the poor of Cam, Gloucestershire||30||0||0|
The Company executed their mortgage of property,
including the hall of the Company and other estates
belonging to them, formerly called Flying-horse Court,
and Staining Lane, and now Gresham Street West
(together singularly enough with the premises they had
purchased in Bunhill Row for the purposes of the
The Company, however, nominally appropriate 5,795l.,
3 per cent. consols, sufficient to produce annually a
dividend of 173l. 17s. for the purposes of this Charity.
The sum thus appropriated is thus arrived at—
|The original gift of Trotman was||4,400||0||0|
|The expenses of building and establishing the school||923||0||0|
|which being deducted, leaves||£3,477||0||0|
and that at 5 per cent. would be 173l. 17s., as represented
by the amount of capital stock referred to. The Company
submit, that in this appropriation they have exceeded the
charge they are legally subject to, inasmuch as about
700l. was expended in 1769 in rebuilding the school.
This, however, would no doubt be a voluntary payment.
The income of the Charity is—
|The dividends of the supposed stock||173||17||0|
|A house in Twister's Alley, Bunhill Row.
let to Wm. Lyons on a building lease
for 61 years from Christmas 1824 (including 5s. a year for an easement)||10||15||0|
The disbursements of the Company on account of this
|Salary to the master, Mr. J. Bradlaugh||60||0||0|
|Gifts of pence to the scholars, 3d. at each
half yearly examination, say||1||2||6|
|Stationery and books for the school (1861)||15||13||8|
|Repairs of school and master's house,
average for 9 years, say||30||0||0|
|Rates and taxes, say||13||0||0|
|Total annual disbursement in respect of
I append a copy of the last report made by the schoolmaster of the state of the school, and a copy of the form of
application made to the Company for admission to it.
I may also here refer to my report on Trotman's Free
School, when it came under my notice in my inquiry into
the charities of St. Luke's parish, Middlesex, and which
forms part of my report on that occasion.
The Company pay in respect of the gifts of the second
branch of the Charity—
|Rev. J. L. Turner, lecturer at St. Giles',
Cripplegate, appointed by the Company.
Under an arrangement with the rector,
the lecture is delivered in the church on
Sunday afternoon and Thursday evening||50||0||0|
|The churchwardens of the parish of St.
|Clerk and sexton do.||8||0||0|
|The churchwardens of the parish of Cam,
|To the curate of the parish of Dursley for a
|(This has been the subject of a correspondence with the Board, see file,
|The poor of the Haberdashers' Company
in gifts to five poor freemen or widows
of 1l. each at the Midsummer distribution||5||0||0|
The Company also pay in respect of the gift to those of
the Company who take pains in the business, a sum of 6l.
to their clerk, and they also give to the surveyor a salary
The average expenditure on the entire charities founded
by Trotman, beyond the annual payment with which the
Company can properly be charged, have in the nine years
1852–61 amounted on an average to about 88l. a year.
This annual deficiency will in future be somewhat greater,
inasmuch as the Company in 1860 increased the salary of
the schoolmaster from 50l. to 60l. a year. (fn. 6)
Lady Weld's Benefaction.
Dame Mary Weld, by will of the 12th of February 1623,
gave to the Merchant Taylors' Company 2,000l. (if the Merchant Taylors would take the same, or otherwise to such
Company as her executors should think fit) to purchase one
or so many rectory or rectories, parsonage or parsonages,
impropriate, as might therewith be purchased in fee simple;
and her will was that to and for every one of the said
rectories and parsonages so purchased, the Company should
provide a learned and godly minister to preach twice every
Sabbath day, and to celebrate Divine service and perform
Christian duties and administer the sacrament, and that
out of the profits of the said rectories and parsonages, they
should pay to every such minister a yearly stipend as they
should think fit, not exceeding two-thirds of the whole
yearly profits of the said rectory or parsonage; and concerning the residue of the said profits, that they should
increase and keep the same until they should have made
up thereby and by the increase thereof, together with the
residue of the said 2,000l., and the increase thereof remaining in their hands, the full sum of 2,000l.; and the said
sum being so made up, the whole clear yearly tithes and
profits of such rectories or parsonages should be bestowed
upon such minister, to be provided as aforesaid, who should
be resident in the parish where such parsonage or rectory
should be; and as concerning the said 2,000l. which should
be raised as aforesaid, her will was that the Company
should, with convenient speed, employ the same in like
manner as the first 2,000l., and the same course for buying
impropriations and the continual raising of a stock to
2,000l. should for ever be observed unto the world's end.
And the testatrix directed the Company to pay 5 marks
yearly to Christ's Hospital, in consideration of their
requiring and taking a yearly account of the administration
of the fund.
The Merchant Taylors refused to accept the trust, and
the Haberdashers' Company obtained it by a decree of the
Court of Chancery.
Under a decree of the Commissioners of Charitable Uses,
in 1702, the Company was charged with 4,000l. as then
unapplied under this gift. Under a decree of the Court of
Chancery of the 3rd May 1708, made at the suit of Christ's
Hospital, the Company were discharged from all claims in
respect of this trust on the terms therein mentioned, and it
was proposed and agreed and ordered that the Governors
should, out of the children educated at Christ's Hospital,
nominate alternately to the impropriations already purchased, and the Company submitted to be charged with
2l. 10s. per cent. per annum for the interest of the floating
balance in their hands, towards the accumulating fund.
The Charity still proceeds under this agreement and
The ecclesiastical property acquired at several times
under this endowment, is set forth in the Report of the
Commissioners of Inquiry (Vol. 10, pp. 214, 215).
1. The Wigston Tithes, and the advowson and right of
patronage of the vicarage of Wigston, Leicestershire.
The vicar is the Rev. W. Trollope, who was nominated
by Christ's Hospital, and is now absent from his rectory,
which is under sequestration. It is valued at 200l., but is
considered worth more. There is a residence occupied by
the curate, and 90 acres of glebe.
2. Leiston Rectory, a perpetual curacy, Suffolk.—The
incumbent is the Rev. C. C. Blathwayt; he was presented
by the Company. The living is valued at 435l. without a
3. The Bitteswell Rectory, Leicestershire.—The incumbent is the Rev. G. Monnington; he was presented by the
Company. The living is valued at 400l. with a house.
4. The Rectory of Albrighton, Shropshire.—The Rev. W.
Woodhouse; was presented by the Company in 1836;
valued at 600l. with a house and 36 acres of glebe.
5. The vicarage and tithes of Diseworth, Leicestershire,
the Rev. C. F. Cook is the vicar, Mr. Nash was presented
by the Hospital, and exchanged with Mr. Cook with the
consent of both bodies; valued at 190l. and a house.
6. The Vicarage of Chertsey.—The Rev. Lawrence W.
Till; he was presented in 1857 by the Company; valued
at 273l. and a house. The house has lately been re-built
by the aid of Queen Ann's bounty. It is not supposed now
to be worth more than 200l., the surplus fees having gone
to district churches.
The great tithes of Chertsey are received by the Company.
They are let at 14l. 0s. 6d. since the tithe commutation.
This sum is received by the Company and forms what is
the accumulating fund under the direction of the will.
At the end of the year 1852, there was an accumulating
fund amounting to 120l. 15s. 9d., the Company having for
several years charged themselves with 2l. 10s. a year in
respect of interest, which charge was continued until 1858.
Continuing that account up to the end of 1861, the Company charging annually for the disbursements for the
chancel, and the annual payment of 3l. 6s. 8d. to Christ's
Hospital, and 5l. a year to the clerk, and 5l. incidental
expenses, there was a balance of 62l. 13s. 8d. to the credit
of the accumulating fund. The fund had been reduced at
this time owing to the Company having in 1859 as rectors of
Chertsey been called upon to repair the chancel, which involved putting in a new window, which was effected at an
expense of 59l. 14s. 6d. In the same year, the Company
paid a sum of 10l. 10s. surveyor's charge, for valuing
part of the Wigston Glebe, which the Leicester and Hitchin
Railway Company had given notice to take. The land was
taken, and the purchase money paid into the Court of
Chancery. The Company have no knowledge of the
amount which has been paid, or the sum it produces. It
is probably received by the sequestrators of the living.
This does not agree with the accounts for 1861 as rendered
to the Charity Commissioners, which erroneously represent
a balance of 49l. 1s. against the Charity. This is explained by the Company as having arisen from the omission
in the account of the balance on the accumulating fund,
when the returns were first made to the Board.
It is obvious that if the whole accumulating fund be
made to arise from the 14l. 0s. 6d. a year rectorial tithes of
Chertsey, and that this sum is subject to the annual charges
of 13l. 6s. 8d., together with the repair of the chancel, the
idea of accumulation is delusive.
I have perused the deed of conveyance of the 22nd March
1819, of the tithes and advowson of Chertsey, from Sir John
Gibbons and others to the Company, and by that deed, the
vendor, Sir John Gibbons, reserves to himself the vault of
Sir Joseph Mawby in the chancel of the parish church of
Chertsey, but makes the purchasers covenant that notwithstanding this reservation the vendors shall not be liable to
repair the chancel, but shall indemnify them therefrom.
I apprehend that this is not an absolute indemnity, and
at the utmost goes no farther than against the possible
effect of the reservation of the vault.
Mrs. Whitmore's Charity.
Mrs. Ann Whitmore, by a codicil to her will of the 21st
January 1613, gave to the Company certain messuages in
Bishopsgate Street, to pay thereout—
|To the poor of St. Edmund the King, for
|For gowns, etc., for 10 poor widows||14||0||0|
|To the wardens||2||0||0|
and the residue for the Company.
The Company are still in the possession of the property,
No. 18. Bishopsgate Street, on which the Charity is
They pay annually 5l. to the churchwardens of St.
Edmund the King, and they apply about 30l. a year (in
1861, 32l. 3s. 4d.) for entire garments for 10 widows of
freemen of the Company, together with 2l. to the wardens
of the Company.
This sum of fifty pounds was given by this donor as a
Loan Charity, the interest to be given away in charcoal.
The Company admit the possession of the fund in the
proceedings before the Court of Chancery, it not being
now lent out, as before stated; they attribute 50l., 3 per
cent. consols, as representing the gift, and give 1l. 10s. a
year to one poor member of the Company, annually in the
month of July.
Richard Wynne, gave to the Company 200l., to pay 5l.
a year to the poor of St. Chad's, Shrewsbury, and 5l. a year
for apprenticing a freeman's son of the Company. The
Company attribute 333l. 6s. 8d., 3 per cent. consols to this
Charity, and pay 5l. to the churchwardens of St. Chad,
Shrewsbury, annually, and carry 5l. a year over to the
apprenticeship fund. There is now a sum of 40l. on this
account. It is applied in premiums of 10l. when proper
All which I submit to the Board,
Inspector of Charities.
3rd June 1864.