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TO THE CHARITY COMMISSIONERS FOR

given annually on some court day preceding Shrove ENGLAND AND WALES.

Tuesday for such persons as are freemen of the Com

pany, and as are desirous of providing for their sons In pursuance of a minute of the Board of the 29th

the advantage of the premium of this Charity, to give day of May 1863, I have inquired into the condition and

notice thereof to the Company through their clerk circumstances of the following charities under the

within a week from the time of such notice. management of the Saddlers’ Company of the City of

3. That notice shall be likewise given to Christ's London, and I have stated in the report under the head

Hospital, and if neither a freeman shall apply for his of each specific endowment the result of my investi

son, nor the Governors of the Hospital on behalf of boys gation.

brought up at that school, the Company shall be at

Page liberty to bestow such premium on some poor boy Banners' Charity

• 249 whom they may consider deserving thereof, and worthy Apprenticing Charities Ewer's

250 to receive the advantage of being a freeman of the Gunton's

• 251 Company. Kitchiu's Charity

. 251

4. That the qualification requisite to entitle a boy to Webb's

- 251

be apprenticed with a premium from this Charity shall Swift's

- 251 be that he is either the son of a freeman of the Com. Labourne's

- 251

pany, or that he has been brought up in Christ's Hills'

• 252

Hospital, or been elected by a court of the Company to Cox's

• 252 receive the benefit of the Charity, and is in poor and Peases'

- 253 needy circumstances, and a fit object to partake of the Honnor's

- 253

advantage of the Charity. Thomas Craddock's Charity

- 254 5. That the Clerk of the Company shall provide a Charles Craddock's

254

form of a petition for persons seeking the aid of the The style of the Company is,

" The Wardens or

Charity, and shall distribute the same to all applicants, Keepers and Commonalty of the Mystery or Art of

and shall receive and lay before the Company all " Saddlers of the City of London." It consists of a

applications for the assistance of the Charity, and shall Master, three Wardens, and a Court of Assistants of 20,

likewise make any inquiries considered requisite conmaking altogether 24 members. The number of livery: cerning any applicants, and shall likewise prepare the men is about 50, and a body of freemen, not liverymen,

indenture of apprenticeship of the persons nominated about 30 or upwards.

to receive the assistance of the Charity. Admission to the Company is by patrimony, servi.

6. That upon receiving a list of the applications the tude, and purchase. The numbers have continued

Company shall at the court held next after Shrove about the same for many years past.

There is an

Tuesday proceed to elect from amongst the petitioners instance of the gift of the freedom to the Prince of

some boy to be apprenticed, and shall bestow a premium Wales, the father of George the Third, which is the last

hereby provided upon such who may be so elected.

7. That in apprenticing any boy by means of this

Charity the directions pointed out by the founder shall BANNER'S CHARITY.

be followed, and such boy shall be first apprenticed to

some freeman of the Saddlers' Company, or to the By an indenture of the 5th July 1698 the Company of beadle of the Company, and by him assigned or get Saddlers, in consideration of 2001. paid by Richard over before the Chamberlain of London to some master Banner, covenanted with him that they wonld stand who shall be a freeman of the City of London, and seized of their messuage on the north side of Cheapside, whether in the Company of Saddlers or otherwise ; and called the “Mitre," and other messuages, upon trust if such master shall not be a freeman of London that to pay 81. a year for putting forth every year one poor such boy shall be bound to the beadle of the Company boy to a fit master in trade. The deed contained direc- in the first instance, and afterwards rebound to such tions a

to the class from which the boys should be non-freeman who shall be willing to receive such boy taken, sons of freemen, or boys bred at Christ's Hos- as an apprentice; and such boy shall accordingly serve pital, or any poor boy, and contained gifts over in case such

master for seven years, according to the custom of of default. The premises charged comprise the houses the City of London, and such master shall in respect of numbered 137 to 145, Cheapside, inclusive.

the premium to be paid to him with such boy find him The Commissioners of Inquiry reported that but with good and wholesome food and lodging during the little attention had been paid to the Charity, and certi- period of such apprenticeship. fied the case to the Attorney-General who filed an 8. That if the annual income of the Charity shall be ex-officio information against the Company on the 14th of too small amount to provide a sufficient apprentice February 1838, praying that the said Charity might be fee annually, the Company of Saddlers at any of their established, and that the said premises might be courts may set apart the income accruing every two declared to be well charged with said rentcharge of 81. years in providing such premium, and may applý such a year. That it might be declared that said Company income accordingly; provided that no such premium was bound in each year to pay or set aside for said shall at any time exceed 501. charity the full rentcharge of 81. a year.

That they

9. That if during any year there shall be a failure of might be decreed to account for, and pay for the pur- objects to partake of the Charity, the Company shall be poses of said Charity the full amount of the sums at liberty to apply the monies which may in consebecome due in respect of said rentcharge, and which quence remain unappropriated towards payment of a had been retained by them since the date of the said premium, with an extra boy for some succeeding year, indenture, and for such time as the Court might think or the increasing the amount of the premiums in proper, and that all necessary accounts might be taken

succeeding years. for the purpose of ascertaining the amount of such 10. That a book shall be kept in which shall be soms, and for the establishment of a scheme.

entered the christian and surname and age of every The decree was made at the Rolls on the 16th March boy apprenticed, the amount of the premium paid with 1840, and the Court declared the premises well charged such boy, the christian and surname of the master to with the 8l. a year and the costs of the suit were whom he shall be bound, and the period of such ordered to be taxed and paid out of the 7361. admitted apprenticeship. by the defendants to be in their hands belonging to the Charity, and the residue of the said sum was ordered to be laid ont and accumulated by the Company subject to the further order of the Court, and it was referred to The stock in consols produced by the cash balance the master to settle a scheme. The master by his referred to in the master's report was 7011. 198. Ad. 31. report of the 8th December 1840, approved of a scheme per cent. consols, and the costs of the Attorney-General for the management of the Charity, as follows:

and the defendants and Christ's Hospital were taxed 1. That for the purpose of carrying into effect the and paid by a sale of 881. 8s. 5d. stock, leaving object of the founder, the arnual dividends of the stock 6131. 10s. 118. 31. per cent. consols, which with accuhelonging to said Charity, and also the rentcharge of mulations still stands in the corporate name of the 81. payable by the Company, shall be applied by them Company. in payment of a premium, in putting or placing out The Company, since the termination of the suit, aud somo poor boy, having the qualification herein-after on the 20th August 1861 had 2371. 13s. 6d. cash arising provided to be an apprentice to learn some trade or art. from unappropriated dividends, and the rentcharge,

2. That a memorial of the Charity and the funds which they invested in 2631. 148. 4d. like stock, in the available for the purposes thereof shall be put up in

The Company hold these several sums some conspicuous place at the Hall, and notice shall be amounting together to 8771. 58, 3d. 31. per cent. consols.

same

name.

8. d.

Own

names.

£

same by affixing a notice thereof on the doors of the The stock produces a dividend yearly of 26 6 4 church, and if no person shall appear to petition for the The rentcharge on the property of the

said premium in consequence of such public notice at Company fronting in Cheapside

8 0 0 the church within a week from the time of such notice,

a second notice shall be sent to the said minister and £34 6 4 churchwardens as aforesaid, with a request that the same

shall be again publicly repeated by such minister and

churchwardens, and a written notice to the like purport as There has been no case of apprenticeship since 1856,

that sent to the said minister and church wardens shall when the son of a freeman (James Edward Wright) was

be affixed outside of the church doors in like manner as ipprenticed to the trade of a manufacturer of sextants,

aforesaid. quadrants, and telescopes. The courso of apprenticeship

4th. That the clerk of the Company shall provide a is that the boy is apprenticed to the renter warden, and then assigned to the actual master who is not (usually)

form of petition and distribute the same to all appli. a freeman of the Company.

cants, and shall receive and lay before the Master and The balance of cash at the end of the year 1862 to the

Wardens all applications for the assistance of the credit of the Charity was 601. 14s. 6d. The provisions

Charity, and shall likewise make any inquiries that may of the scheme with regard to giving publicity to the

be considered requisite concerning any applicant, and

shall likewise prepare the indenture for the apprenticeCharity are duly observed.

ship of the persons nominated to receive the assistance

of the Charity. Ewer's CHARITY.

5th. That upon receiving the petitions from their Sarah Ewer by will of the 22nd April 1765, gave to

clerk the Master and Wardens shall immediately pro. the Company 2001. for apprenticing any poor boy of ceed to select from amongst the petitioners some one boy St. Catherine Coleman parish, to some proper master to be apprenticed, and shall bestow in the payment of of the trade of a saddler. The Charity Commissioners premium with such person the interest of the stock reported (Vol. 32, Part 2, page 480) that the interest of

available for that purpose. this gift had not been applied pursuant to the will, and 6th. That in making such selection of a person on they referred the case to the Attorney-General, who in whom to bestow the assistance of the Charity the 1840 presented a petition to the Court of Chancery Master and Wardens shall give a preference to those praying that the Company might be directed forthwith who are most deserving and have resided longest in tbe to invest 2001. in the petition mentioned in the purchase parish. of consols, and that it might be referred to the master 7th. That a freemau of the Saddlers’ Company shall, to tax the costs of the petitioner and of the Company, if there is any willing to accept the person to be so and of the said application, and consequent thereon, and apprenticed, be preferred as a master to teach such that the costs when taxed might be paid out of 5841. in apprentice; but if no member of the Company can be the petition mentioned, and that the Company might found willing to take such person as an apprentice any be directed to invest the residue of said 5841., after pro. other person may be chosen as a master who is not a viding for such costs, in the purchase of consols in their

member of the Company. And that it might be referred to the 8th. That if the annual income of the Charity shall master to approve of a scheme for the application of the be of too little amount to provide an apprentice fee income of said several sums of stock in accordance with annually the Master and Wardens of the Company may the intentions of the testatrix.

apply the income for every two years in providing an The Court by its order, on the hearing of the petition apprentice fee, and shall be at liberty to pay such on the 30th July 1840, directed that the Company income accordingly. Provided, however, that no preshould forthwith invest the 2001. received by them in mium shall be paid to apprentice any person by the the purchase of consols, and it was ordered that it Charity of greater amount than 401. should be referred to the master to tax the costs. And 9th. That if during any year there shall be a failure that the costs when taxed should be paid out of said of objects to partake of the Charity the Master and 5811., admitted by the Company to be in their hands in Wardens shall be at liberty to apply the monies which respect of interest on said 2001. to the 1st December may in consequence remain unappropriated towards then next. And that the Company should invest the payment of a premium to an extra boy for some succeed. residue of said 5841., after paying such costs in the pur- ing year, or in increasing the amount of the premium chase of consols. And that it should be referred to the for succeeding years. master to approve of some proper scheme for the appli- 10th. That an account shall be kept of the name and cation of the income of said stock in accordance with age of every boy apprenticed, and the amount of prethe intentions of said testatrix.

mium paid with such boy, and the name of the master The master approved of a scheme which was confirmed to whom he shall be bound apprentice, and the term of by the Court on the 30th January 184), and the subse- such apprenticeship. quent costs were at the same time ordered to be taxed The sum of 7951. 18s. 31. per cent. consols was purand paid.

chased with the 2001., and the accumulations, after the

costs had been paid; and that sum, together with a subThe scheme is as follows:

sequent investment in August 1861, of 3891. 158. cash, 1st. That for the purpose of carrying into effect in the purchase of 4321. 98. 2d. 31. per cent, consols, the object of the testatrix the annual dividends and making together 1,2281. 7s. 2d. like stock, stands in the interest of the funds belonging to this Charity shall name of the Company to the account of the Charity. be applied by the Company in payment of a premium There have been only two apprentices from this enin putting out apprentice some poor boy belonging dowment under the scheme, one on the 3rd June 1845, to the parish of St. Catherine Coleman, London.

and another on the 24th April 1854, both were boys of 2nd. That a memorial of the Charity and the probable the parish of St. Catherine Coleman, and were assigned amount of the premium to be paid shall be put up in to saddlers, one of whom was, and one was not, a freesome conspicuous place in the ball of the Company, man of the Company, the latter being only a freeman and, also, if consent can be obtained, in the parish of the City. One premium was 401., and the other church of the said parish, and proclamation shall be 231. 78. 6d. annually made at some Court of the Company for such There is a memorial of the Charity in the parish persons or person as are or is desirous of offering them- church, and annual notices are delivered to the minister selves or himself to be such apprentice to give notice and churchwaraens, and a notice affixed to the church thereof to the Company through their clerk, within one door in the beginning of January every year. There is week from the time of such proclamation, and in the also a permanent notice in the lobby of the Saddlers' event of no person applying, offering, or petitioning to Hall. The parish clerk is the ward schoolmaster, and be apprentice a notice of the object of the Charity and he also, I am told, makes it his business to make known of the sum payablo as a premium, and that persons duly the endowment to those who attend the school. The qualified and desirous of receiving the benefit of the above, kowever, have been the only applications, exCharity are wanted for the purpose of selecting from cept one case of a youth who wished to be apprenticed thein å boy to be apprenticed, shall be sent to the to the sea. minister and church wardens of the parish with a request

There was a balance of cash of 601. 148. 6d. at the end that ihey will publicly advertize or give notice of the

of 1862. * * SARAN EWER'S CHARITY.

Scheme. By an order of the Board of 3rd November 1874, the The sum of 61., being the income of the Charity at the following scheme was established for the future regula- time of the foundation thereof, shall be applied in tion of this Charity :

putting out a poor boy belonging to the parish of

&. d.

GUNTON'S CHARITY. Samuel Gunton, by will of the 30th March 1768, gave to trustees 4001. to invest the same in Government securities, and upon trust after certain events, to transfer the same to the Company in trust to sell such securities and apply the produce in putting out 16 boys apprentices to the trade of a saddler; and out of the residue of his estate he gave to the Company 1,2001. in trust to invest the same and pay the dividends equally amongst such eight poor freemen as the Company should think fit.

To distribute every Sunday to-

12 poor people of St. Ethelburga parish, 12d. 52 0
To the churchwardens for the reparation of
the church

15 4 To the youngest warden of the Company 3 4 The Company pay annually in respect of their property in Jewry Street, Aldgate, rentcharges amounting together to 8l. 14s. (deducting 11. 6s. 8d. land tax) to the several purposes directed by the will, and also to an additional object, not mentioned in the will, for it appears by the books of the Company that by a decree of the Court of Chancery (the date of which is not mentioned), the Company have for a great number of years paid 61. 13s. 1d. to the parish of St. Martin Orgars, in addition to the payments mentioned in the will whereont is deducted 11. 6s. 8d. for land tax.

Apprentice Fund. The sum of 4001. was invested in 4401. 31. per cent, Reduced annuities, and the course of administration, as stated by the late Commissioners of Inquiry (Vol. 32, Part 2, page 480), was to sell one sixteenth part of the fund to pay an apprentice fee when occasion occurred. This was continued down to the 3rd April 1849 when the eleventh sale of one sixteenth of the stock took place and produced 251. 8s. Od., which was applied in the apprenticeship of Edward Tentoll. There was then remaining five sixteenths of the capital fund, or 1371. 108. Od. Reduced 31. per cents.

In the year 1861 Mr. Warden Humphreys obtained the sanction of the Court of Assistants to the dedication to this Charity of the amount of the interest which was calculated to have been received on the balances from time to time of the fund remaining from the original investment. The sum thus arising was computed at 5981. 2s. 6d. cash which was invested in 6631. 13s. 2d. New 31. per cent. annuities, which makes a total of 8011. 3s. 20. like stock now credited to the Charity.

The annual dividends amount to 241. Os. 8d., and there was a balance of cash at the end of 1862 of 381. 2s. 3d.

There has not been any application of this fund to the purpose of apprenticeship since 1849. The existence of the Charity is supposed to be well known to the members of the Company, but no applications are made for its aid.

WEBB'S CHARITY. John Webb by his will of the 7th August 1568 gave to the Company his house in St. Catherine, Christ Church, Aldgate, to pay 40s. at Easter to the poor of the Company. The house charged with this payment is No. 12 Aldgate, and is still the property of the Company who pay 6s. 8d. each annually to six poor freemen of the Saddlers’ Company who are in receipt of other pensions or allowances from the Company. The Company note in their book that a tender of 40s. was made to the “next of blood ” of the founder. I presume under some direction in the will, not mentioned in the report of the Commissioners of inquiry. This gift would be of course void.

SWIFT's CHARITY. James Swift in 1610 gave 31. a year (stated in the last Report, Vol, 32, Part 2, page 481, to be 21. a year) for the poor of the parish of Dronfield, Derbyshire. The rentcharge of 31. a year is annually paid in respect of their property No. 203, High Street, Southwark, and Red Cross Alley to the churchwardens of Dronfield on the receipt of an account of the previous distribution, which generally shows it to have been in sums of 1s., 28., and 58. to persons therein named.

Poor Men's Fund. The Company received 1,0001, in full of this bequest, and invested the same in the year 1783 in the purchase of 1,4811. 98. 7d. 31. per cent. consuls. The dividends, amounting to 441. 8s. 10d. a year, are divided amongst eight pensioners in sums of 51. 11s. ld. each. In the year 1862 there was a vacancy in the list, and the payment was made to seven only, and at the end of the year there was a balance of 51. 10s. 11d. in hand.*

£ 8.

LABOURNE'S CHARITY. Robert Labourne, by indenture of the 5th April 1624, conveyed to trustees premises in Fleet Street, on trust that the Company should distribute amongst

d. 20 poor men of the Company

10 0 0 To the clerk, 108.; beadle, 38. 4d.; and renter-warden, 108.

1 3 4 And the residue for reparations of said premises, and to such charitable purposes as the Company should appoint.

The property devised by this will is situated at the back of the east side of Serjeant's Inn, Fleet Street,

Kitchin's CHARITY. Robert Kitchen, by his will of the 10th March 1555, devised to the Company all his lands and tenements in St. Olave Hart street.

St. Catherine Coleman, whom the Master and Wardens Charity, shall apply the funds belonging thereto in of the Saddlers' Company shall deem an object of putting out and placing boys as apprentices to the trade charity, apprentice to some proper master of the trade of a saddler for such terms of years and at such preof a saddler, belonging to the said Company, and the miums, not exceeding 801. in any one case, as the said residue of the income of the Charity, and also the said trustees shall think proper; and in the event of a sum of 6l. when there shall be no sufficiently deserving sufficient number of suitable candidates for apprenticeapplicant for the same shall be applied by the Master, ship to the trade of a saddler not being forthcoming Wardens, and Court of Assistants, or the major part of within a period to be determined by the trustees at their them, in their discretion, for the benefit of poor boys discretion, the trustees shall be at liberty to make belonging to the City of London (including any boys arrangements for the instruction and employment of who may have been scholars in the City of London boys in that or any other useful trade (provided that Freemen's Orphan School) by way of premium on preference shall be given in all cases where practicable leaving school as a reward for good conduct and pro- to the trade of a saddler) in such manner and upon such ficiency to enable them to obtain instruction in some terms as the trustees shall think most expedient. useful trade, by apprenticeship or otherwise, at the dis. By an order of the Board of 15th November 1876 in cretion of the said Master, Wardens, and Court of the matter of Samuel Gunton's Charity for the benefit Assistants, or the major part of them, preference to be of poor freemen of the Company, directions were given given to applicants residing in the aforesaid parish of by way of scheme that the Wardens and Court of AssisSt. Catherine Coleman.

tants of the Saddlers' Company of the City of London,

as trustees of the Charity, should be at liberty, failing * SAMUEL GUNTON'S CHARITY.

the possibility of finding duly qualified recipients, to

apply from time to time, at their discretion, any monies By an order of the Board of 7th January 1876 the or funds then in the hands or under the control of the following scheme was established for the future regula- said trustees, being accumulations of unappropriated tion of Samuel Gunton's Charity for apprenticing :- income of the Charity, and also the future yearly income

thereof, in gifts to the widows or unmarried daughters Scheme.

of freemen of the Company, and other poor deserving The Wardens and Court of Assistants of the Saddlers' persons of the trade of a saddler or harness maker, Company of the City of London, as trustees of the although not free of the said Company,

from which it is accessible. The property has two windows looking into Pleydell Court, Fleet Street, and abuts on Lombard Street, Whitefriars. It adjoins property held on lease from the executors of Mr. Peacock, by which they obtain their entrance from Serjeants' Inn; and Mr. Peacock rents a portion of the estate on the north side in order to obtain access to his adjacent property. It also adjoins property purchased by the Company about 20 years ago.

The Company pay to Mr. Peacock yearly a rent of 401., and receive from him a rent of 281., leaving a deficiency of 121. chargeable to the Charity.

2 8. d. The Charity estate (except what is let

to Peacock's executors) is let on lease
to Mr. Doubble for 134 years from
Michaelmas 1853

80 0 0 The outgoings of the estate are the

deficiency of rent received from and
paid to Peacock's executors

12 0 0

to a cousin on condition to deliver to the Company four gowns of cloth at 88. a yard, and four pairs of shoes and stockings to cost 208. for four poor decayed men; and in the event of the said cousin dying without issue, or in the other events in the will mentioned, he devised the property to the Company to deliver cight gowns at 88. a yard, and eight pairs of shoes and stockings to cost 40s. unto eight poor men of the Company, four saddlers by trade

and four harness makers. The estate devolved to the Company under the devise. It is situated partly in the parish of Berstead and partly in the parish of Boxley, near Maidstone, in Kent. It is let to several tenants, and produces as follows:

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The Charity is only entitled to the rentcharge. The directions to change the recipients every second year are not observed, as there is not a sufficient number of applicants for the Gift. At the January Court in 1863 seven persons received 31yards of cloth at 128. a yard, costing 191. 18., and seven pairs of worsted stockings at 28. 4d. a pair, and seven pairs of boots at 12s. 6d. a pair, making together an expenditure of 241. 4s. 10d.

In keeping this account the Company have thought themselves at liberty to charge no more than would have been the cost of the number of articles of clothing ac:ually distributed if the prices had been the same now as those limited by the testator. Articles obtained at the prescribed rate would novi, however, be almost worthless, nor are there so many recipients requiring them as the testator contemplated. The Company have, therefore, properly given away articles of good quality to the present number of applicants, and in so doing have really crncoded the amount of the rentcharge. Instead, therefore, of charging themselves with a balance of 1601. 178. as due to the Charity in the year 1862, I have pointed out to the Company that not only are they perfectly justified in charging their actual yearly expenditure to the account of the Charity, but that accuracy in fact requires them to do so, and when this is done the fictitious balance will be cancelled.*

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sources:

The male pensioners are paid from ihe following

The Company's proper nds
The eighth of Gunton's Gift.
The balance of Labourne's Gift.

The balance of Pease's Gift.
There are eight pensioners-

Five pensioners under 60 years of age at 121.

Three pensioners above 60 years of age at 157.
The female pensioners from -
The Company's proper funds, and the balance of

Labourne's Gift.
There are 10 female pensioners, i.e.--

Five pensioners under 60 years of age, 121.

Five pensioners above 60 years of age, 151. The same pensioners also receive annual Christmas gifts of varying amounts from different sources amount. ing (in 1862) to upwards of 501.

In addition to the pensions and to the Christmas gifts, there are casual gifts to the poor of the Company, on special applications, varying in amount according to circumstances, and amounting in the whole to about 301. or 401. a year.

Cox's CHARITY.

John Cox by his will of the 6th November 1658, gave to the Company his freehold and copyhold lauds in Essex, to pay to 20 poor working saddlers 40s. a piece, and the remainder of the rents to the Company.

The Company hold an estate at Braintree which was exchanged by Mr. Onley for the estate devised by this testator. It is let to Henry Malton at a rent of 751. a year. It was copyhold, but has been recently enfranchised. The Company pay 21. a year (11. in April and 11. in October) to seven poor freemen of the Company who are continued on the list. The remaining 261. is carried to the general fund out of which the Company pay the Christmas gifts, and also the casual and other allowances mentioned in Labourne's Charity.t

HILL'S CHARITY. Edward Hill, by will of the 20th December 1645, gave all his tenements in Berstead and Boxley, Kent,

* EDWARD HILL'S CHARITY. By an order of the Board of 26th May 1876, the above-mentioned charge was redeemed by the transfer into the name of the Official Trustees of Charitable Funds of the sum of 1,0001. 68. New 31. per cent. annui. ties.

By an order of the Board of 13th February 1877, directions were given by way of scheme, that the Wardens and Court of Assistants of the Sadlers' Company of the City of London, as trustees of the said Charity, should be at liberty to apply from time to time at their discretion all such portions of the yearly income of the Charity as might not be required for the primary parposes thereof, in providing gifts of clothing for poor deserving freemen of the Company who might not be saddlers or harness makers, or for deserring widows or unmarried daughters of freemen of the Company who might be in necessitous circumstances.

Scheme. The Wardens and Court of Assistants of the Saddlers' Company of the City of London, as trustees of the Charity, shall be at liberty to apply from time to time at their discretion any moneys or funds now in hand or under the control of the said trustees, being accumulations of unappropriated income of the Charity, and also such portions of the future yearly income of the Charity as may not be required for the priınary purpose thereof, in relieving poor deserving men and women, being either freemen of the Saddlers’ Company, or widows or unmarried daughters of such freemen, or, if a sufficient number of applicants of those classes be not forthcoming, then in relieving poor deserving members of the trade of a saddler who may not be members of the said Company

By an order of the Board of 4th February 1876, the above-mentioned charge of 401. was redeemed by the transfer into the name of the Official Trustees of Chari. table Funds of the sum of 1,333l. 12s. 61. New 31. per cent. annuities.

† John Cox's CHARITY. By an order of the Board of 7th January 1876, the following scheme was established for the future regulation of this Charity :

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PEASE'S CHARITY.

tioned would be necessary to raise 3,0001., and that William Pease, by his will of the 23rd December 1682,

such last-mentioned sum should be laid out under the gave to the Company a close of meadow in the parishes

direction of the Court in the purchase of freehold of Harrow or Pinner, which he held for the residue of a

ground and in the erection and furnishing eight almsterm of 1,500 years granted in the reign of King

houses. The master also approved of the following Edward VI. upon trust out of the rents, to pay

scheme :-
£ 8. d.

Scheme.
To six poor men free of the Company 3 0 0
To four poor widows

2 0 0

A sum not exceeding 2341. a year shall be set apart To the renter-warilen, 38.; clerk,

out of the dividends of the said fund to answer the beadle, 2s.

0 8 0 following pensions :To Christ's Hospital for apprenticing one

To any person who shall have come to decay after chiid

5 0 0 having served the office of master or prime warden, and To St. Botolph, Aldersgate, for bread 2 12 0

who shall not be or become entitled from other sources And the residue amongst poor working saddlers, freemen

to an annual income of 701., or to property for an of the Company, and their widows.

amount which if applied in purchasing an annuity for The land, which consists of about 10 acres of land at the life of the party would produce an annual income of Harrow, is let to Charles Blackwell on lease for 21 years 701. or upwards, a pension of such annual amount as from Michaelmas 1844, at 181. a year; it is subject to an the Court of Assistants shall think fit, not exceeding annual quit rent of 3s. 4d. The six oldest of the male 741. a year in addition to the pension of 301. bequeathed and the four oldest of the female pensioners receive each

by the testator. 10s. as a Christmas gift, making 51.

To any person who shall come to decay after having

£ s. d. served any office of warden, but wbo should not have The church wardens of St. Botolph, Alders

served the office of master or prime warden, and not gate

2 12 0 entitled from other sources to a similar income of 701., The balance, after deducting the 51. a year

&c. (as above) a pension of such anzual amount as the for Christ's Hospital by the Company, and

Court of Assistants should think fit, not exceeding 781. 88. for the renter-warden, is carried to the

a year in the whole. account of the poor of the Company (see

To any member of the Court of Assistants come to Labourne's Gift)

4 16 8* decay and who should not have served any office of

warden and not be entitled from other sources to a

similar income of 701., &c. (as above) a pension not Honnor's HOME AND CHARITY.

exceeding 521. a year in the whole. Young George Honnor, by his will of the 21st March If at any time there should be a vacancy in any of 1769, bequeathed the residue of his estate together with

the foregoing three classes of pensions, or the whole what he had before directed to become part of the residue

annual amount of any one of such pensions should not after the death of his widow and after payment of

be paid by the said Court of Assistants in the exercise certain legacies therein mentioned, to the Company

of their discretion as aforesaid to any one object, and upon trust to invest same and apply the interest in

there should be a plurality of applicants for either of paying 301. per annum to such of the said Company as

the other classes of pensions, that the said Court of had been masters thereof, or that were or should be of

Assistants should be at liberty; if in their discretion they the Court of Assistants, and come to decay but thought

should think fit so to do, to apply the pension that worthy of such their benevolence, and for no other use might so happen to be vacant as aforesaid, or such part and purpose.

of a pension as shall not be wholly paid and applied as And by a codicil to his will of the 7th April 1769

aforesaid, so far as the same would extend in paying revoked that part of the will as to members of the Court

another pension or pensions in that class in which there of Assistants, and ordered that they should bave only so

should happen to be a plurality of applications but no much paid them throughout annually as the Court of

pensioner should receive in any case any greater annual Assistants should think fit.

amount than the maximum pension of the class to which By a second codicil of the 10th November 1769 he

he belonged. directed that neither the Master and Wardens, nor either

That there should be laid out under the direction of of them, nor any persons entitled to the residue, should

the Court of Chancery in the purchase of freehold interrupt his executors in the execution of the trust

ground, and in the erection of eight almshouses thereon, reposed by his will, and that the Master and Wardens, and in furnisbing thereof a sum not exceeding 3,0001., or the persons entitled to the residue, should take the

and that such almshouses when erected, and the furniaccount to be delivered by his executors without any

ture thereof should, from time to time, be kept in other trouble or calling upon, either in law or equity,

repair and insured against fire, ard the necessary or otherwise, under forfeiture of the whole of the expenses thereof paid out of the trust fund. legacy.

That there should be paid to the occupiers of such About the year 1800 the sum of 2,8281. 10s. 5d.

almshouses such sum not exceeding 12s. a week as reduced annuities was received by the Company as the

the Court of Assistants should, in their discretion, residue.

think fit, and the trust fund would enable them to Owing to the paucity of applications from persons

afford. entitled to the benefit of the bequest, the surplus

That, subject to the discretion of the Court of dividends arising from the stock were invested from

Assistants, the occupiers of such almshouses should be time to time, and in 1851 the stock representing the

provided with medical attendance, medicine, candles, Charity amounted to 15,9081. 188. ld. Reduced annuities,

and fuel. and of 4171. 58. 3d. cash.

That the qualifications of candidates for such almsIn February 1851 a petition was presented to the

houses should be that they were decayed freemen or Court of Chancery setting out the above facts and pro

freewomen of the said Company, or widows of freemen posing a scheme for the future application of the

50 years of age or upwards, and not in receipt of dividends.

parochial relief, and not pensioners under any of the By an order of the 17th February 1851 it was referred former classes, and any inmate of the almshouses who to the master to approve a scheme, and by his report of

should become entitled from other sources to an annual the 28th February 1855 he found that there were 15

income of 501., or to property to an amount or value members of the Company dependent on their charitable

which, if applied in purchasing an annuity for the life assistance, and that there were 16 widows of deceased of the party would produce an annual income of 501. or members then pensioners of the Company, and that. the

upwards, should be disqualified from continuing to be Company stood in need oi aimsnouses for their aged such inmate. poor. And that the petitioners proposed that a sum

That a book should be kept by the said Company, in not exceeding 3,0001. should be raised by sale of so

which should be entered the name, age, qualification, much of the Reduced annuities as with 2,0861. 6s. 3d.

date of admission, and date of death, or removal of every the dividends thereon after the deductions therein men

inmate of such almshouses.

* WILLIAM PEase's CHARITY. By an order of the Board of 17th August 1876, directions were given by way of scheme that the Wardens and Court of Assistants of the Saddlers’ Company of the City of London, as trustees of the said Charity, should be at liberty to apply, from time to time at their discre

tion, such portions of the said Charity as might not be required for the primary purposes thereof, in relieving poor deserving persons of the trade of saddler or harness maker, or their widows, although not free of the said Company

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