Gambar halaman
PDF
ePub

members of the Corporation, it was not fit that the account of rents should be carried further back than the time of filing the information, and it was ordered that it should be referred to the Master to take an account of all moneys received by the defendants or by any persons for their use in respect of the 67. a year under the will of Wm. Norton, and the sum of 67. a year for loans under the will of G. Bishop, and the sum of 101. for loans under C. Meredith's will since the 4th May 1830. And it was declared that the defendants were seized of the property in and near Wood Street in the City of London, purchased with 1,2007. in the information mentioned. As to 3/24th parts thereof in trust for the charity founded by J. Norton's will with 1507. therein mentioned. As to 20 24th parts thereof in trust for the charity founded by the will of said J. Norton with 1,000l., and as to the remaining 1/24th part thereof for the use of the Company, but subject to the payment thereout of 52s. yearly for the poor of St. Martin Vintry, under Billage's will. And the said Master was also to inquire and state to the Court what messuages near Wood Street aforesaid were then in the possession of the said defendants, and how the same were let, and for what rents respectively, and whether there were any and which of such messuages, or any and what parts or shares of such messuages which had been at any and what time and by what means acquired by the said defendants for their own benefit, and as to the 5007., part of the 6207. bequeathed by Evan Tyler to the Company in 1682. was declared that inasmuch as the same might have been lost in the due execution of the trusts, notwithstanding due diligence on the part of the Company, the Company were not answerable for the same.

It

The monies found to be due to the Company in respect of the estate were paid into court to the credit of the cause, and were afterwards expended in the purchases and buildings authorised by the Court in prosecution of the scheme ultimately adopted.

The Master, by his report of the 12th February 1833, found that the Company were in possession of the following property in and near Wood Street aforesaid, consisting as follows:

[merged small][ocr errors][merged small][merged small][ocr errors][ocr errors][merged small][ocr errors][ocr errors][merged small][merged small][merged small][merged small][merged small]

And the Master found that the Company had, by a state of facts and charge laid before him, stated that since the making of the decree they had discovered by their solicitor, inrolled in the Court of Hustings of the City of London, the purchase deed of the 21st September 1619, whereby Wm. Langhorne and Anne his wife, in consideration of 1,2007., bargained, sold, granted, enfeoffed, and confirmed to Richard Field and eight others all those eight messuages, tenements, cottages, gardens, and hereditaments, and the Alley called Friar's Alley, situated in the parish of St. Michael, Wood Street; and another purchase deed of the 16th July 1744, whereby Matthew Snow and Marianne his wife conveyed to trustees for the Company a moiety or other undivided share of a messuage or tenement in Friar's Alley, Milk Street, in the parish of St. Lawrence Jewry. And the defendants also thereby stated the application of their own proper monies in the redemption of a yearly rent of 10s., payable to the Crown, and also of the land tax on their property in Wood Street aforesaid. And upon the evidence thus produced the Company insisted that they held for their own use and benefit previously to the said purchase from the said Wm. Langhorne, with the said sum of 1,2007. (but could not ascertain precisely at what time they had acquired them), the messuage or tenement and premises comprised in the lease granted to the said

CHARITY OF JOHN NORTON.

By an order of the board, dated 25th March 1879, the property known as Nos. 11 and 12, Wood Street, has been let on a repairing lease to Mr. Samuel Thompson for the

James Richardson, except such part as they had subsequently purchased of the said Matthew Snow as aforesaid, and that they had since acquired also for their own use and benefit the said fee-farm rents and land tax. And the Master found that the defendants were entitled to such portions of the said estate accor ugly. The Master's report was confirmed, and the Court, on further directions, on the 12th June 1833 declared that the defendants were entitled to the several annual rentcharges thereinafter mentioned, issuing out of the premises certified by the Master to have been purchased with 1,2007. in the decree mentioned; that is to say, 10s. per annum issuing out of the premises on lease to Messrs. Melville in lieu of the feefarm rent purchased of the Crown; 41. 4s. and 27. 16s. per annum, issuing out of the said last-mentioned premises in lieu of land tax redeemed by the said Company; 51. 5s. per annum issuing out of premises leased to Thomas Brocksopp, also in lieu of land tax redeemed by the Company, and 51. 5s. a year issuing out of premises on lease to John Worsley, also in lieu of land tax redeemed by the Company. And the defendants were to be at liberty to retain the said several rentcharges out of the rents and profits of the said premises, and to be allowed the same in taking the account thereinafter directed. And it was declared that 3/24th parts of the premises on lease to said Thomas Brocksopp, John Worsley, and Messrs. Melville, being the premises certified by the Master to have been purchased with said 1,2007., were held for the use of the Company, subject to the weekly and annual payments, amounting in value to 77. 16s. yearly, to poor freemen of the Company, and poor persons of the parish of St. Faith, and the clerk of said parish, and 10s. to the preacher of said parish, according to the will of John Norton in respect of the 1507. by him bequeathed. And it was declared that 20/24th parts of the rents were applicable to the making of loans in the manner in which the loans of 67. from year to year were directed by the will of Win. Norton to be disposed of. And it was referred back to the Master to approve of a scheme for the future regulation and management of the several charities founded by William Norton, George Bishop, and Christopher Meredith, and by said John Norton, in respect of 1,000l. by him bequeathed, and the application of the rents of the property belonging to same respectively.

The scheme subsequently approved I append to this report.

The present estate of the Charity is as follows:

£ s. d.

400 0 0

Nos. 11 and 12, Wood Street, Cheapside, let to Thompson and Carter on lease for 21 years, from Lady-day 1858 (together with the redeemed land tax, which belongs to the Company) No. 13, Wood Street, let to Messrs. Morley, being on lease for 91 years, from 25th March 1847, at a rent, from 1858 (together with the redeemed land tax reserved to the Company) 100 0 0 The agreement for granting a building lease was dated the 28th August 1847, and was made between the Company and John Samuel Morley, to the effect that when J. S. Morley had taken down the premises the Company should grant a lease for 91 years, from Lady-day 1847, at the yearly rent of 1131. for the first 11 years and 1007. for the remaining 80 years. The covenant of the lessee being performed, to lay out not less than 2007., and the lease was granted 5th March 1858

[blocks in formation]

The Company account under the scheme for 20/24ths of this income as applicable to the school charity. This amounts to about 4101. a year, including the return of the income tax. The sum of 97. 11s. 9d. (which is about the usual sum) was paid to the churchwardens of St. Faith, in 1862, 71. 10s. 3d. (deducting income tax) to the churchwardens term of 80 years, from Lady-day 1879, at a rent of 4801. per annum, together with 107. 10s. in lieu of redeemed land tax in consideration of a sum of not less than 4,0007. being expended in the erection of new warehouse buildings.

280

for the poor, 21. 1s. 6d. to the minister, reader, organist, clerk, and sexton attending the church on Ash Wednesday in every year.

The Company in the execution of this scheme, under the authority of the Court of Chancery in the year 1858, purchased freehold and some leasehold premises, formerly Bursley's printing office on the north side of Bolt Court, Fleet Street, extending to the back of the houses in Gough Square, at the price of 5,750., which was raised by sale of In addition stock in Court under the order of the Court. to this purchase a small strip of ground on the west side was purchased by voluntary subscription of the Company, amounting to 494. 16s. 10d., of which 4607. 16s. 107. was spent and the remainder carried over to the school account. The whole premises have been by different conveyances vested in the Company on the same trusts and pursuant to the order of the Court. In October 1859 the balance of the fund in Court of 1,7091. 12s. 6d. was paid out of Court to the Company to be applied in building purposes. Part of the old premises were pulled down and a schoolroom built capable of accommodating 200 scholars, and a portion of the premises, which had formerly been a dwelling, The building was adapted to the residence of the master. of the school and the repairs of the master's residence cost together 2,7047. 9s. 67. besides a sum of 1807, which was expended in repairing the leasehold premises for the purpose of being relet. The sum expended in the building and repairs beyond the fund in Court amounted to 1,1447. 17s. Od., which, with the architect's commission of 467. 15s. 6d., makes a sum of 1,1917. 12s. 6d.

A master was chosen in February, and the school opened The election was made after on the 8th April 1861. advertisements requiring the candidates to be members of the Established Church and experienced in tuition. There were 91 applications, which being reduced to nine by the committee, Mr. Alexander Kennedy Isbister, a member of the College of Preceptors, was chosen. The stipend allowed by the Company was 180l. a year, and half the capitation fees, with the free use of the residence attached to the school. The school was from the first attended by about sixty or seventy scholars; pains were taken to make it known at the printing offices and to the freemen, it being hoped that the children of journeymen would attend, but it was found that the classes who actually attended were the children of tradesmen, professional men, clerks, and others, of whom only about forty were sons of members of the Company. At Christmas 1861, the master was authorised to engage the services of French, Grammar, and Drawing masters, and an additional 501. a year was allowed. An usher at 521. a year was also allowed. In 1862 the Company applied for an amendment of the scheme, authorising an enlarged capitation fee not exceeding 50s. a quarter, reserving 40 nominations of foundation scholars for sons of the freemen, at the old capitation fee of 21s. a year. The Attorney-General's Solicitor opposed the alteration on the ground that the lower school had not been sufliciently tried. The Company have renewed the application in the last month (June 1863), and they were able to obtain a notification from the Attorney-General to be laid before the Master of the Rolls, to the effect that the AttorneyGeneral desired the attention of the Court to be called to the change in the description of scholars for which the new scheme proposes to provide. The Court has, however, I am informed, refused the application for an amendinent of the scheme.

The school account under the scheme may be thus stated::£ s. d.

Produce of the 20/24ths of the Wood Street estate, say

Wm. Norton's gift

Bishop's gift

Meredith's gift

In the purchase authorised by the Court of Chancery, an adjoining leasehold estate was included, of which about 30 years is unexpired, for which a rent of 171. a year is paid by the Company to White's Charity, parish of St. Dunstan's, and the Company receive 367. a year from their under-tenants, Messrs. Ianson and Higgs. This produces a surplus income of 197. a year, which was obtained by an expenditure of 1807. in repairs, included in the accounts of the charity for 1860. This estate

410 0 0
6 0
600

8 14 1

CHARITY OF THOMAS BROWN FOR SCHOOL. Thomas Brown, by his will dated 27th October 1864, proved in the Principal Registry of the Court of Probate 30th April 1869, bequeathed "to the Company of Sta"tioners' School, situate in Bolt Court, Fleet Street, the

forms no part of the site of the school
premises

The moiety of the capitation fees to be received
1862
by the Company was in the year

The disbursements in the school account are:

Clerks salary (under the scheme) 107.
Receiver on the Wood Street estate, about
201.

Schoolmaster's salary

Usher

Drawing master

French master -
German master

House or school porter, 8s. a week
Water, gas, &c.

Books, &c.

Rates, tithes, and taxes
Coals, &c.

Examiners

(This will be larger in future.)
Insurance on school premises
Books for prizes

£ s. d.

[blocks in formation]

£479 2 1

£ s. d.

[merged small][merged small][merged small][merged small][ocr errors][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]

The repairs will be an additional expense. repairs, amounting to 1117. 12s. Id., is now before the Court of Assistants, and has not been paid.

At the present rate of expenditure it would therefore appear that the total income of the school exceeds the expenditure by about 50%. if the expenses of repairs could be excluded, but these expenses seem to exhaust the fund. The whole of the establishment, however, will be revised by the new scheme, and the charges and income will, of course, be to the same extent affected.

At the end of 1862 there was a balance of 2521. 10s. 10d. cash in hand. The balance is now rather greater.

The following sums of stock, the produce of special donations for the benefit of the school, also stand in the corporate name of the Company on the books of the Bank.

1141. 8s. 10d. 3 per cent. Consols, the produce of 1057. given by Henry Foss, a Master of the Company (April 1861).

1821. 17s. 9d. Consols, the produce of 1051. given to Henry Foss, and donations, amounting to 661., from other persons (1862).

113. 1s. 1d. Corsols, the produce of a further donation of 1057. from Henry Foss (April 1863).

2347. 13s. 4d. Consols, the produce of 2201. cash, 1007. considered as donations, and 1001. received on call without interest (to be returned if claimed).

1071. 4s. 9d. 37. per cent. Consols, the produce of 1007. given in money of Mr. Henry Butterworth. Total, 7521. 5s. 9d. Consols.

The interest has for the most part been expended in . prizes at school not included in the general disbursements. At the end of the year 1862 there was a balance of cash at the bankers of 2521. 10s. 10d. to the credit of the Charity, which is subject to the claim which has been made by a builder for repairs, alterations, and cleaning before referred to.

WILLIAM NORTON'S CHARITY.

William Norton, by his will of the 27th August 1593, gave a messuage in Grant's Alley to Christ's Hospital in trust to pay to the Stationers' Company 67. 13s. 4d.: 6l. thereof to be lent to some member of the Company, and the 13s. 4d. as follows: to the master, 3s. 4d., to the two wardens, each 3s. 4d., to the clerk and beadle, each 1s. 8d.

The Company receive 61. 13s. 4d. annually from Christ's Hospital, and after applying the 13s. 4d. to the use of the officers, the 67. is carried to the Stationers' School account.

The particulars of the suit filed by the Attorney-General against the Company upon the report of the Commissioners of Inquiry, and the decree made on the hearing, which led to the present scheme of administration, are set forth in my report on John Norton's Charity.

[ocr errors][merged small]

BISHOP'S CHARITY.

George Bishop, by his will of the 25th February 1607 (reciting that he had demised to the Company two tenements called Newton, in the parish of Milbourn, Salop, for 500 years at a peppercorn rent, on condition that if the master and wardens should not yearly pay to Christ's Hospital 67., and should not deliver to freemen of the Company 61. yearly to be lent without interest, and pay to a preacher at St. Paul's Cross 101. yearly (that then the demise should be void), gave to Christ's Hospital the said two tenements, they paying yearly after the determination of said lease the several sums of 61., 6., and 107.

The Company pay 101. annually to the Chamberlain of London for the preaching at Paul's Cross, the terms of the bequest referring it to the judgment of the Corporation of London whether the preacher be sufficiently provided for, 61. to Christ's Hospital, and carry 61. to the school account. This was one of the subjects of the suit, Attorney-General v. Stationers' Company. (See report on John Norton's Charity.)

MEREDITH'S CHARITY.

Christopher Meredith, by his will of the 24th February 1652, gave to the Company 101. a year out of messuages in St. Paul's Churchyard, to be lent to poor freemen gratis. And he gave 107. a year, charged on same premises, to bestow among his tenants at Kempsey, county of Worcester, so many Bibles as could be bought with 31., and to provide amongst the poor scholars of Kempsey School books of the value of 31., and for Bibles to Christ's Hospital 41.

The Company receives the sum of 181. 3s. 4d. annually from the proprietors of two houses, Nos. 57 and 58, St. Paul's Churchyard, deducting income tax, in respect of which they pay 41. a year to Christ's Hospital and 81. 14s. 1d. (or one moiety of the net sum received) to the School Account, and retain the residue. The Company remit every third year to the treasurer of the Kempsey School, in the city of Worcester, a sum of 181. for the purchase of books for distribution. This charity was included in the suit, Attorney-General v. Stationers' Company. (See John Norton's Charity.)

TYLER'S CHARITY.

Evan Tyler, by will of the 8th May 1682, gave the Company 6201., of which 5007. to be lent to 10 young men free of interest, and out of the interest of the remaining 1207. the master and wardens should have a yearly collation.

This charity was one of the subjects of the suit, AttorneyGeneral v. Stationers' Company, which led to the decree and scheme set forth in my report on John Norton's Charity.

BILLAGE'S CHARITY.

Henry Billage, prior to 1604, gave 521. to the Company, for which they were to pay to the poor of St. Martin Vintry for bread 52s. yearly.

It appears that the sum of 501., part of this sum, was invested in the purchase of the Wood Street estate, described in the report on John Norton's Charity. This bequest was one of the subjects of the suit, AttorneyGeneral v. Stationers' Company mentioned in the report on John Norton's Charity, in which the investment is stated.

The Court, in the suit therein referred to, declared that 20/24ths of the estate was applicable to the making of loans in the manner of the loans directed by the will of William Norton, and 3/24ths were the property of the Company, subject to the payments of 81. a year and 61. a year under John Norton's will. It does not appear that any claim was made on behalf of the parish of St. Martin Vintry for the 1/24th as arising from this investment, nor were the parish officers of St. Martin Vintry parties to the suit. Their interests must, however, be considered as represented by the Attorney-General, and a declaration was made as to this 24th part of the investment, that the Company held it to their own use, subject to the obligation of paying the 52s. annually, which sum is paid to the churchwardens of St. Martin Vintry, deducting the property tax.

PARKHURST'S CHARITY.

Thomas Parkhurst, by will, in 1713, bequeathed to the Company 501. to provide 25 English Bibles and Psalms to 25 of the poor of the Company annually. The Company give a Bible and Prayer Book (a Bible supposed to be from this donation) to every apprentice bound at the hall. In the year ending February 1862 there were 93 apprentices bound.

GUY'S CHARITY.

Thomas Guy, in the year 1717, gave to the Company, for the use of their poor, 1,000l., they distributing 507. a year. Also 1,1007. to the Company, paying 50l. to such uses as he should appoint.

And also a further sum of 1,6501., the Company paying 751. a year, as he should appoint, and in default of appointment to the Governors of St. Thomas' Hospital.

The first gift of 1,000l. does not exist in any form of investment, but the Company pay 721. a year in quarterly pensions of 20s. each, making 41. a year, to 18 poor freemen or their widows, who are called Guy's pensioners. There are at present one freeman and 17 widows of freemen on this foundation. The Company voluntarily pays the 221. a year beyond the 501. from their own funds.

In respect of the other gifts the Company pay 1257. a year out of their stock fund to St. Thomas's Hospital.

[merged small][merged small][ocr errors][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small]

The Company, in pursuance of their bond for this sum of 1,0007. on the annual attendance at St. Martin's Church on the 2nd December (or if on Sunday the day following), pay 17. each to 14 poor freemen of the Company, nominated by the court, and 10 from each of the parishes of St. Martin, Ludgate, and Christchurch, Newgate, nominated by the respective parishes, together with 17. 11s. 6d. to the minister for a sermon, and 17. 6s. 6d. to the reader and other officers of the Church. The residue of the interest is carried to the account of the Company.

[blocks in formation]

To the parish of St. Faith, London, for the same purpose

14

2

Towards the Company's dinner on the
1st December

The sum of 1,1001. New 24 per cent. Annuities, formerly New South Sea Annuities, stands in the corporate name of the Company, producing an annual income of 271. 10s. The Company pay 7. a-piece for the apprenticeship of two boys or girls for each of the parishes mentioned when it is applied for. In 1862 71. was applied for apprenticeship at St. Faith's and 147. for Hornsey.

From the commencement of the establishment of the charity 169 apprentice fees of 71. each for apprentices from the parish of St. Faith have been paid. The last fee paid for the Hornsey apprentices was in the year 1863, and from the same commencement 183 apprentice fees have been paid for that parish. The parish of St. Faith are therefore in arrear of about 14 apprentice fees, which, however, would be paid on application, subject to its proportions of the reduction of 10s. a year, from the present income being 271. 10s. instead of 281.

WILKIN'S CHARITY.

Beata Wilkins, by her will of the 24th November 1773, gave the interest of the money to arise from her 401. share in the stock of the Stationers' Company (computed at 3207.) to the said Company to dispose of the interest among six poor men and six poor women, not pensioners. The stock in which this was invested now consists of 3767. 9s. 10d. New 31. per cent. Annuities, producing 101. 178. 6d. a year. The Company pay annually to six freemen and six widows sums of 30s. and 20s. a year, two men and one woman have 30s. a year, and four men and four women 20s. a year. The 30s. pensions will be discontinued on the occurrence of vacancies.

BOWYER'S CHARITY.

William Bowyer, by will of the 30th July 1777, gave to the Company such a sum as would purchase 2,000l. Reduced Annuities on trust, to pay the dividends equally amongst three printers, compositors or pressmen.

Also he gave 3,0007. Consolidated Annuities, the dividends to be divided between six other printers, compositors or pressmen.

And also he gave to the Company such a sum as would produce 1,000l. Reduced Annuities for the use of one journeyman compositor.

And he give to the Company 2501. in case they should accept the trust.

The sum of 6,000l. 31. per cent. Reduced Annuities stands in the corporate name of the Company, and produces 1801. a year, and is given to six annuitants of 157. a year each, three of 201. a year each, and one annuitant of 301. a year. These are not confined to freemen. There were twenty-six applicants for the last annuity of 157. a year at the disposal of the Company.

STRAHAN'S CHARITY.

William Strahan, by his will of the 2nd July 1784, gave to the Company 1,000l. to be invested, and one moiety of the dividends should be paid in the week after Christmas day to five poor journeymen printers of England or Wales, and the other moiety to five poor journeymen printers, natives of Scotland, in the week after Christmas day:

The sum of 1,4571. 5s. 3d. New 21. 10s. per cent. Annuities, which was taken in the place of the old stock purchased with this gift, produces annually 361. 8s. 6d., which is divided into 10 annuities of 31. 12s. 10d. each, paid to five English and five Scotch men elected by the court, the same persons remaining permanently on the list until they receive some better provision.

[merged small][merged small][ocr errors][ocr errors][merged small][merged small][merged small][merged small]

Richard Johnson, by his will of the 3rd January 1795, directed his executors to collect the money due to him and invest the same, and he directed the Company to pay to the parson of Hendon, for an annual sermon, 17. ls., and to the master and two wardens each 17. 1s. to go to Hendon and hear the sermon and view his father's tomb, and he bequeathed all the remainder of his property to the Company to pay two life annuities, and after the decease of the annuitants to pay the dividends among five very poor widows. (The last life annuity charged by the will expired in February 1847.)

The sum of 1,9021. New 31. per cent., made up of 1,8501. and 521. like stock, the latter being formerly 51. per cent. Annuities, stands in the name of the Company, and the produce, amounting to 571. ls. 6d. annually, is paid in payment of five annuities to widows of liverymen elected at the court of 101. 10s. a year each, making 521. 10s. A sum of 2s. 6d. a year is given to the parish clerk of Hendon. The master and wardens annually charge 31. 3s. for the visit to Hendon, the other expenses mentioned being paid by the Company. The 11. 1s. a year for the sermon is paid when the vicar will receive it, which he has sometimes objected to do, claiming 21. 2s., which was for some time given him.

DILLY'S CHARITY.

Charles Dilly, in 1803, gave to the Company 7001. Consols, to pay the dividends to two poor widows. The sum of 7001. stock stands in the name of the Company, and the dividends, amounting to 217., are paid to two widows of liverymen in equal sums annually.

BALDWIN'S CHARITY.

Mrs. Elizabeth Baldwin, by her will about the year 1809, gave to the Company 2501. Consols, to lay out the dividends in the purchase of five great coats for five poor liverymen in the month of December. The five liverymen receive annually the five coats, which cost 30s. a-piece.

ANDREW STRAHAN'S CHARITY.

Andrew Strahan, in January 1815, transferred 1,2251. £4 per cent. Annuities to the Company, and by letter directed the Company to apply the dividends, 491., as follows :—

81. to each of the six pensioners amongst the annuitants of his father's (William Strahan's) will first elected into that list.

14s. 10d. to the beadle of the Company.

5s. 2d. to make up a small deficiency under his father's will.

And in March 1818 he transferred to the Company a further sum of 1,000l. 47. per cent. Annuities, and directed the dividends to be paid to four distressed old printers.

The sum of 1,2251. New 31. per cent. Annuities (late 31. 5s. per cent.) now produces 361. 15s. a year, which is divided amongst six annuitants, aged journeyman printers, of whom one receives 81. a year and five 67. 8s. 10d. each, but these pensions will be reduced on vacancies, so as to amount to no more than the sixth of the dividends to each person.

pro

The second transfer was 1,000l. New 31. per Cents., ducing 301. a year. The Company at present pay 81. 2s. 6d. each to four old printers. This will also be subject to reduction to 71. 10s. each on vacancies.

JOHN NICHOLS and JOHN BOWYER NICHOLS'
CHARITIES.

John Nichols, in June 1817, transferred to the Company 5001. 41. per cent. Annuities, and by a letter of the 1st July same year, stated that he intended the same as a supplement to the works of his late partner, William Bowyer, and directed the Company to pay the dividends to some old and worthy printers, being free of the Company for at least 21 years; and,——

John Bowyer Nichols, by his donation in the year 1854, for the purpose of increasing the gift of his father, the foregoing John Nichols, transferred to the Company a further sum of 5001. New 31. per Cent Annuities. The two sums, amounting to 1,000 New 37. Cents., per are part of a larger sum of like stock standing in the corporate name of the Company, and produce annually 281. 17s. 6d. a year (the income tax on the first fund not being returned). The Company pay three annuities to old printers free of the Company, of 91. 13s. 4d. a year each, making together a sum of 291., being more than they receive.

BLACKWELL'S CHARITY.

Beale Blackwell, by his will of the 30th July 1817, gave to the Company so much stock as would produce 1007. a year for 20 deserving journeyman letter-press printers.

The sum of 3,3331. 6s. 8d. 31. per cent. Consols stands in the name of the Company, and the dividends, amounting to 1001. a year, are given anuually in sums of 51. each to 20 poor printers who are not necessarily free of the Company. The recipients once elected continue on the lists until they have a better provision.

[merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][ocr errors][merged small][ocr errors][merged small][merged small]
[merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]

John Clarke, who died in May 1838, by a codicil to his will, bequeathed to the Company 100l. Consols, and directed that 2/3rds of the dividends were to be applied in a yearly pension to the widow of a liveryman or freeman of 60 years of age or upwards of discreet manners. And the other 1/3rd of the interest of the said stock to be applied to the general purposes of the Company.

The sum of 901. Consols (the legacy duty having been deducted) was transferred to the Company, and 107. was added by the Company, by which they treat the gift as one of 1007., and apply 21. a year, in four quarterly payments, to the widow of a freeman. They have, in fact, raised the pension to 1. a year from their own funds, to make it equal to the other pensions.

WHITTINGHAM'S CHARITY.

Charles Whittingham, by will of the 5th August 1839,
gave to the Company 2,000l. Consols, free of legacy duty,
to pay the dividends to six poor widows of compositors or
pressmen, whether free of the Company or not, such
widows to be of the age of 50 years or upwards, and that
they should be entitled to receive such provision during
widowhood only; and he requested that should any per-
sons, being widows of compositors or pressmen who had
been in his employ, make application for the provision
thereby made, they should be selected whenever vacancies
occurred as the objects of such bounty before any other
applicants.

The capital sum of stock above-mentioned stands in the
Company's name, and the 601. a year is divided annually
amongst six widows of the class mentioned by the testator.
HAMBLIN'S CHARITY,

Mrs. Catherine Hamblin, widow of Thomas Hamblin, a
liveryman of the Company, by her will, proved the

9th October 1848, bequeathed to the Company 2001. due
to her from the Company, upon trust, to invest the sams
in Government securities, and divide the annual dividends
thereof between two widows of liverymen or freemen of
the age of 50 years or upwards, and of deserving character,
during the widowhood only.

The sum of 1801. (the legacy duty having been deducted)
was laid out with 31. 15s. advanced by the Company and
afterwards retained out of dividends in the purchase of
2007. Consols, which stands in the name of the Corporation.
The dividends are disposed of in two annuities of 31. a
year to poor widows of freemen,

DAVIS AND BARLOW'S CHARITY.

Jonas Davis, by his will proved the 11th April 1827, bequeathed to his executors, George Woodfall and Richard Taylor, 9,3001. Consols, upon trust, to permit his wife to receive the dividends for life, and then he bequeathed 3,0001. of the said stock to the Company, upon trust, to divide the dividends into separate annuities of 187. each, and that the Master and Court of Assistants should pay or cause to be paid such annuities of 181. a year, in half yearly or quarterly payments, unto as many compositors, being freemen of the age of 60 years or upwards, for the rest of their lives, as they should in their discretion select, and so from time to time to select any succeeding candidates for the same. But if at any time there should not be a sufficient number of candidates of the above age, then he directed that candidates of the age of 50 years or upwards should be admitted to the benefit of the trust, and if there should not be a sufficient number of candidates of 50 years of age or upwards and freemen, then he directed that non-freemen of 60 years of age or upwards, or in failure of candidates of that age, then of 50 years or upwards being compositors should be admitted as candidates. But he expressly directed that the Master and Court of Assistants should, at the time of receiving applications from candidates, examine and inquire whether any of them received or would continue to receive any other pension or benefaction from or in the distribution of the said Company, or any relief whatsoever from any parish or parochial rate, and that in either of those cases they should consider all such applicants to be disqualified.

Mrs. Davis, the annuitant, died in 1850, and the sum of 2,6961. 2s. 1d. Consols (the legacy duties and expenses of transfer having been deducted) was transferred on 6th July 1850 to the Company. On the same day the Rev. John Barlow and his wife, executrix of Mrs. Davis, transferred to the Company 1,000l. like stock by way of addition to Mr. Davis' gift, and it was, by a resolution of a Court of the Company of the 1st October 1850, agreed to consolidate the income of the two sums and appoint six annuitants of 181. each.

The capital stock held by the Company in respect of these gifts now amounts to 3,6961. 2s. Id. 31. per cent. Consols. The dividends, amounting to 1107. 17s. 6d. (less income tax which has not been recovered) and which leaves a clear sum of 1067. 14s. 6d., has been appropriated to the payment of six annuities of 181. a year to poor compositors, making an aggregate payment of 1087. a year, being somewhat more than the amount of the receipts. All the present recipients are freemen.

All which I submit to the Board.
THOS. HARE,
1864.
Inspector of Charities,

APPENDIX.

Charities to
by the
Stationers'
Company.

THE SCHEME for the Regulation and Administration of the Charities founded by William Norton,
George Bishop, Christopher Meredith, and John Norton, under the Management of the
Stationers' Company, of the City of London, approved by the High Court of Chancery, 11th
February 1858.

1. The charities founded by William Norton, George be managed Bishop, Christopher Meredith, and John Norton, and the lands and property thereof (a schedule whereof is hereunto subjoined), shall be under the management and control of the masters and keepers or wardens and commonalty of the mystery or art of a stationer of the city of London, hereinafter called the Company.

Clerk and salary.

Duties of clerk.

2. The clerk for the time being of the Company shall be clerk and receiver of the charities, and the Company may allow him such annual sum or sums as they shall think fit, not exceeding for the office of clerk the sum of 107. per annum, and for that of receiver 51. per cent. on the rents and profits of the Charity estates.

3. The duties of the clerk shall be to attend the Company at their meetings relative to the charities, to attend and give information to any committee that may be

appointed by the Company in relation to the charities, to
keep the accounts of the charities, and to make out and
fnrnish to the Charity Commissioners for England and
Wales such statements and accounts as may for the time
being by law be required, to preserve, subject to the direc-
tions of the Company, all vouchers for payments made on
behalf of any of the charities, to enter the minutes of
proceedings of every meeting of the Company, in relation
to any of the charities, in a minute book, and to perform
all such other duties appertaining to the office of clerk, in
respect of the charities and the management thereof, as the
Company shall direct.

receiver.

4. The duties of the receiver shall be to receive and get Duties of in the rents and profits of the charity property, and to pay the monies which may from time to time come to his hands to the acount of the charities with the bankers of

« SebelumnyaLanjutkan »