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City of London Livery Companies' Commission: Report and Appendix, Volume 4 online

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Parish of St. Sepulchre, poor
St. Sepulchre's Church



£


8. d.


- 16 19 10


- 42


9 7


- 33 19 8


- 21


4 10


- 21


4 10


. 16 19 10


. 42


9 7



Leaving a surplus to be divided
into 46 parts of - - - 195



195 8 2*



8 2



♦ W1LLIA.M Heron's Chakitt.
The Smithfield property was taken by the Corpora-
tion of the city of London in 1876 for 21,O0OZ. under
compulsory powers, an4 the proceeds re-invested under



an Order of the Court of Chancery, in freehold ground
rents at West Hackney, producing 9672. 138. per annum
by way of rental.

The above-mentioned sums of 3,3552. 17«« and
3622, 5^. 2df Consolp w^re 3old in 1875 and re-invested



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MR. hare's reports. — CLOTHWORKBRS* COMPANY.



581



Heweu's Gift.
William Hewer, by will of the 9th September 1715
gave to the Clothworkers lOOZ. for the nse of the poor.
With the interest of this sum the Companv annually
debits itself. The 5L a year is carried to the account
of the Company's poor and distributed with Watson's
Gift.

Hewett's Chabity.

William Hewett, by will of the 4th April 1599, gave
300i. to the Company to the intent that they shouldpay
to Bartholomew's Hospital bl. a year, to Christ's Hos-
pital 5/. a year, and to St. Thomas s Hospital 5^. a year ;
and he also gave llOZ. to the Company to the intent
that they should allow yearly for ever 6L to some poor
honest scholar of Cambridjge studying Divinity.

The 4101. formed part of the funds which the Com-
pany appropriated for the King Street and Cheapside
property mentioned in the report on Heath's Alms-
nouses ; of the income of that estate the Eum of 201. is
appropriated to this Charity.

The three hospitals receive the sums of bl, a year a
piece, and the Cfompany have increased this exhibition
to the sum of 20Z. with the other exhibitions. (See Pila-
worth's Gift.)

Heydon's Gift.

John Heydon, by his will of the 11th March 1573,
gave 1001. to the Company to bo lent out to two youne
men of the Company, and the interest thereon 31. 6s. 80.
to be paid to the Mercer's Company.

By an Order of the Vico-Chancellor of England of the
21st March 1839 made upon the petition of the Company
under Sir Samuel Romilly's Act, relating to the said
charities, it was referred to the Master to inquire and
state to the Court what sums of money had come to
the hands of the Clothworkers' Companjr under the
several donations mentioned in the said petition and to
approve of a scheme for lending out the several sums
given to the said Company and for the application of
the interest, if any, to be paid by such loans ; and the
Master by his report of the 21st July 1840, settled and
approved of the following scheme : —

Isi. That the gift of lOOZ. under the will of John
Heydon, of lOOl. under the will of Alexandre Iverie, of
100/. under the will of John Bumell, of 100/. under the
will of Samuel Lese, of 100/ under the will of James
Stoddart, of 120/. under the will of Roger Wiloocka,
and of 26/. 13». lid. under the will of Katherine Hylson,
amounting together to 646/. 13a. 4(£., with such additions
thereto as therein-after mentioned, should be united
together in one separate sum ; and that the residue of
the several other cnaritable gifts in the report men-
tioned, which are to be lent out, without interest,
amounting together to 1,496/. 13«. 4d., should be united
into one other separate sum, and that so much of the
said several sums of 646Z. 13«. 4d. and 1,496/. 139. 4d. as
should remain after payment of the costs of the pN0tition,
should bo set apart as two several funds, the said first-
mentioned sum to be called ** the Loan Fund bearing
interest," and the other to be called " the Loan Fund not
bearing interest," and that the management of the
said respective funds and all matters incidental thereto
should be vested in the Company and their successors.

2nd. Tljat the said Fund to be constituted of the said
646/. Ids. 4c/., be lent by way of loan to freemen or
members of the Company in such sums as the said
Company in their discretion should think fit, but not
exceeding 300/. to any one freeman or member for a
period or three years at such rate of interest as after
mentioned.

3rd. That forasmuch as the sums payable, or which
have been applied in respect of the interest of the said
several sums constituting the said 646/. ISs. 4d. have
amounted to the sum of 23/. ISs. 4d., and that as the
said sum of 646/. 12s. id. will be reduced by the pay-
ment thereout of a proportion of the costs and expenses
in this matter, it is proposed that in order to keep the
rate of interest sufficiently low to afibrd an inducement
to freemen to avail themselves of the intended accom-
modation and at the same time to provide for the said
sum of 646/. 13«. 4i., together with so much of the said
1,496/. ISs. 4d. as would make up the principal sum of



800/., to be lent out in such manner and in such bums
as in the preceding article mentioned at the rate of 3/.
per cent, per annum.

4th. That the residue of such sum of 1,196/. ISs. 44.,
after the making up the said 800/. as aforesaid, and
paying the proportion of the costs, charges, and expenses
m the matter in respect of the said first-mentioned sum,
be also lent to the freemen of the said Company in such
sums as the said Company in their discretion should
think fit, but not exceeding 150/. to any one freeman
for a period of three years and without any interest
whatever in respect of such loans.

5th. That in regard to the persons to whom such
loans respectively are to be made, and being such free-
men or members as aforesaid, the same shall be at the
discretion and nomination of the said Company.

6th. That from the advancement of each such sum by
way of loan as aforesaid the freeman or member to
whom the same should be made shall execute a bond
with two or three sureties, as may be required, whereby
he and they shall become jointly-and severally bound
unto the said Company in a penalty of double the
amount of the sum so lent and advanced, conditioned
for the repayment by the said obligors their heirs,
executors, or administrators of the principal sum so
lent, and either with or without interest, as the case
may bo within the aforesaid period of three years for
which such loan is to be made.

7th. That the respective persons to whom such loans
shall be made shall bear and pay all costs and charges
attending the making and executing of the said bonds
and sureties and all other matters and things relating
thereto.

8th. That in a book,,to be provided and kept for that
purpose by the clerk of the said Company, shall be
entered the names and residences of the respective
borrowers and their respective sureties, the respective
professions or business, the amount of the sums lent,
the times of making such loans, and the times of the
repayment of the same, and any other particulars which
may be thought material or necessary.

9th. That when and as often as the said Company
shall have in their hands any of the moneys aforesaid
ready to be lent out by way of loan under the articles
aforesaid, the said Company shall cause to be posted up
in some conspicuous place in their common hall, and
when such moneys shall amount to 500/. or upwards,
shall a' 80 cause to be advertised in two of the London
daily newspapers a Notice that such moneys are ready
to be advanced in loans to freemen of the Company and
in the manner therein-before mentioned.

10th. That until the said sum of 800/. shall have
been lent out by way of loan under the aforesaid articles
in that behalf, the said Company shall pay interest at
the rate of 3/. per cent, per annum for the same, and of
what shall from time to time remain thereof in their
bands, and so from ;time to time whenever any part
thereof, which shall have been lent out, shall be repaid,
in order that the whole of the said fund may be pro-
ductive and bear interest.

11th. That the interest to be paid or received by the
said Company for or in respect of the said 800/., or
every or any part thereof, shall from time to time be
duly apportioned and divided between the said several
donations respectively ^ven by the said John Burwell,
John Heydon, Kathenne Hylson, Alexander Iverie,
Samuel Lese, James Stoddart, and Roger Wilcocks
respectively, in the proportion to the amount of such
donations respectively, or of what has been received
in respect thereof, and such interest and the respective
appurtenances thereof shall be applied by the said
Company, as far as the same will extend, towards the
charitable purposes respectively declared concerning
such interest, in and by the aforesaid respective willfi or
instruments in that behalf.

Under this scheme advertisements are published in
the following form, and the freemen of the Company

•• Loan trusts under the management of the Cloth-
'* workers' Company. The Company have in hand
** money to be lent to their freemen in sums not above
** 160/. without interest, or 300/. with interest at 3/.
" per cent, per annum, to any one person for a period
** not exceeding three years, the borrower entering



22nd March

1878.



under an Order of the Court of Chancery in freehold
ground rents at West Hackney, producing 139/. per
annum.

By an Order of the Board of this date, the Com-
pany were authorised to grant a lease of two pieces
of land situate at the rear of *' The Cedars " at Clapton,



containing 15i perches (which were acquired or part of
the purchases oefore mentioned), for the term of 85
years from Lady-day 1877, at the annual rent of 7/.
The ground rents yiel4 a total of 1,113/. 13*. per



4D 3



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582



CITY OF LONDON LIVERY COMPANIES COMMISSION:



** into a bond to the Company with two or three
* * sureties for repayment (at the end of the first year
*' if required) ". Applications to be addressed to,

** Eobert B. Towse, Clerk,

** Cloth workers' Hall, Mincing Lane, London,
** January 1860."

Of the sum of 800/. to bear interest, there was at the
Slst December 1858 250L not lent, and 550?. lent to
freemen in sums of 300Z., lOOL, and 150Z.

Of the money not bearing interest there was on the
31st December 1858, 734Z. Is, 4d. not lent, and 225/.
lent in sums of 25/., 50/., and 150/.

The Company requires a bond with two sureties
conditioned on repayment at the end of the year, but



the loans to those who are considered to coutinne
respectable Aiid solvent are allowed to remain for three
years.

The Company notwithstanding their care have losi
some of the loans by the failure of the sureties and have
been obliged to sue for the recovery of some of the
debts.

The sum of 3/. 6». Sd. as the interest of the 100/.
under this endowment, is paid every year to the
Mercers* Company.* *

Hilson's Gift.

llobert Hilson by his will appointed 1/. Qe.Sd. to be
yearly paid for the relief of Great Stanmoro, and by



Recital of
Order in
Chancery.



Rf^ital of
aMpUcation
uf funds
under
Order.



RcciUl of

luKSOf

lunds.



* John Hetdon's Gift.

The charities of John Heydon and others are now
regulated by a scheme framed under the Endowed
Schools Acts, 1869, 1873, and 1874, which was approved
by Her Majesty in Council on 26th March 1878.

A copy of the scheme is annexed.

CHARITY COMMISSION.

In the matter of the Master, Wardens, and Commonalty
of Freemen of the Art or Mystery of Clothworkers
of the city of London ; and
In the matter of the donations of Augustin Hynde,
Thomas Ormston, John Mackell, Dame Elizabeth
Lyon, Sir Thomas Rowe, Lady Hinde, John Halse,
William Armer, John Haydon, William Lambe,
Peter Shales, John Lute, Alexander Iverie, John
Soutiiall, William Blount, John Burnell, James
Stoddard, Samuel Lese, James Burkin, Richard
Farrington, Sir William Stone, Ralph Harmer,
Roger Wilcockes, and Katherine Hylson ; and
In the matter of the Endowed Schools Acts, 1869,
1873, and 1874.

Scheme for the Application op the above-named
Donations.

Whereas by an order of the High Court of Chancery,
dated the 31st July 1840, and made in the matter of
the Clothworkers* Company (being the above-named
master, wardens, and commonalty), and of the Act of
Parliament 52 George III. cap. 101, it was ordered that
the sum of 2,143{. Os, Sd. therein mentioned (being the
amount of the above-named donations in the hands of
the said Company), should, after deduoting therefrom
the costs of obtaining the said order, b^ lent, advanced,
and disposed of as by the report of the Master in the
said matter was approved and certified, that is to gay,
that the said sum. subject to the payment of tiie oosts
aforesaid, should be divided into two several funds to be
called respectively '* The Loan Fund bearing interest "
and ** The Loan Fund not bearing interest,*' and th^
the management of the said funds should be vested in
the Clothworkers* Company, and be lent or advanced,
by way of loan, to freemen or members of the said
Company, in such sums and on such terms as was
therein provided concerning the said funds respectively,
and that the interest of the said loan fnna bearing
interest should from time to time be duly apportionea
and divided between the several donations given by the
above-named John Burnell, John Haydon, Katherine
Hylson, Alexander Iverie, Samuel Lese, James Stod-
dard, and Roger Wilcockes respectively, in proportion
to the amount of such donations respectively, or of what
had been received in respect thereof, and such interest
and the respective apportionments thereof should be
applied by the said Company as far as the same would
extend for or towards the charitable purposes respec-
tively declared of and concerning such interest in and
by the respective wills or instruments relating thereto.

And whereas the costs of obtaining the said Order
amounted to the sum of 124L 17«. 2d., which was duly
paid out of the said sum of 2,1432. Os. Sd., whereby the
same was reduced to the sum of 2,0181. 9«. 6d., which
said sum, in pursuance of the said Order, was divided
into two several funds, and the sum of 800Z. part thereof
was appropriated to the Loan Fund bearing interest, and
the sum of 1,218L 9^. 6d, to the Loan Fund not bearing
interest.

And whereas from time to time, since the date of the
said Order, sums, amounting in all to the sum of
301Z. 15«. 2d., parts of the Loan Fund not bearing interest
have been lost and become irrecoverable owing to the
default of borrowers and their sureties, whereby the
said Loan Fund not bearing interest has become reduced
to the sum of 916Z. lis. id.



Becitalof



And whereas the said Order and certain of the wills
and instruments therein referred to sums forming part - j^^^.
of the annual interest of the Loan Fund bearing interest JJtio^ff*'
are applicable in manner following, that is to say : —



intenst



£
3



d.

8



To the Mercers* Company -

Doles for poor of the parish of

St. Michael, Crooked Lane - 2 12

Doles for poor of the parish of Great

Stanmore - - - - 2 12 8

Doles for poor of the parish of

St. Martin, Ironmonger Lane - 2 10 "
Doles for poor of the parish of

St. Olave, Jewry - - - 1 10

Doles for poor of the Clothworkers'

Company - - - - 11 2

And whereas it is apprehended that, besides the said Bccitel mi
sum of 3011, 158. 2d., other parts of the said Loan Funds, Jj^^gy
or one or other of them, amounting in all to the sum of further
1,000Z., or thereabouts, may in fact» oh being called in, ^om».
prove to be irrecoverable, owing to the default of
borrowers and their sureties, but the nominal sums
standing to the credit of the said Loan Funds respec-
tively in the books of the Clothworkers* Company are
as follows, that is to say : —

£ 8. d.
The Loan Fund bearing interest - 800
The Loan Fund not bea^ng interest 916 14 4



Making together the sum of



- 1,716 14 4



And whereas the Clothworkers* Company are desirous
that the said Loan Funds, or so much of the same respec-
tively as is now recoverable, but subject to the payment
of the said several annual sums payable to the Mercers'
Company and to the poor of the said parishes of
St. Miehaelf Crooked Lane, Great Stanmore, St. Martin,
Ironmonger Lane, and St. Olave, Jewry, amounting in
all to the annual sum of 12{. lis. 4c2. (herein-after called
the external charges), and also that the said sxuns
hitherto applicable to doles payable out of interest of
the Loan Fund bearing interest to poor of the Cloth-
workers* Company, amounting in all to the annual sum
of in. 2«. Od., should be applied for the advancement of
education in manner herein-after appearing.

And whereas the Clothworkers' Company, with a view
to the further advancement of education, have ofiered
to make up out of their coiporate funds all the actual
and apprehended deficiency of the said Loan Funds
respectively, so as to complete the full sum of
2,0182. 98. Qd. (being the said sum of 2,143/. 0^. 8i. in
the hands of the Clothworkers* Company at the date of
the said Order, less the costs of obtaining the same), as>
the sum to be made applicable to the advancement of
education as aforesaid :

Now it is hereby declared by, the Charity Commis-
sioners for England and Wales, with the consent of the
Clothworkers* Company, that it is desirable to apply for
the advanceoaent of education the said several L<mn
Funds, subject to the payment of the external charges,
and also tne said sums hitherto applicable to doles
payable out of interest of the Loan Fund bearing interest
to the poor of the Clothworkers* Company.

And the said Loan Funds (subject as aforesaid), and
also the said sums applicable to doles to poor oi the
Clothworkers* Company, shall henceforth be adminis-
tered in accordance with the following provisions of
this scheme :

1. As soon as convemeutly maybe, ^e Oloihworkerr
Company shall pay to the governing body of the trust
for carrying on the North London Collegiate and
Camden Schools for Girls the said Ml earn of



BedbUcI
devtreol
Ckiih-
worken'

tosppl^
Aindsto

cducatMKi.



Recital of
propnwd

workrni'
Oompaas.



Dodintioa
under
Endoved
bcHoDlsAet.
1860; §30.



Futowtd-

min'itn*

iion.



Punent
toNoith
liondon



iqrif on
certafai



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583



deed poll of the 25th Jannary 1586, after reciting that
Catherine Hilson his widow for better securing the
payment of the said 11. 68. Sd., had paid to the Cloth-
workers' Company 40 marks (261. 13«. 4d.) the Company
bound themselves to pay yearly the said IZ. 68. fi&. to
the chnrchwardens of Great Stanmore, their executors,
and administrators. It is stated that this snm of
40 marks the Company ordered to be lent out for three
years to some honest man of the Company upon
sufficient sureties for pa3rment of the principal and
interest, and at the three years end to be lent out again,
and BO on from three years to three years for ever.
This sum is included in the order of the Court of
Chancery of the 21st July 1840, made upon petition
under Sir Samuel Romilly's Act for regulatmg the
loan charities. (See Heydon's Charity.)

The sum of II. 68. Sd. a year is paid annually to the
churchwardens of the parish o Great Stanmore.

Hinde's Chakity.

Lady or Mrs. Hinde by her will about the year 1569,
bequeathed to the said Company, 20Z., upon and for
similar trusts to those declared in the will of Augustin
Hynde.

This money is included in the Loan Fund, ad-
ministered under the scheme settled in the master's



report of the 2l8t July 1840, referred to in Heydon*s
Charity.

♦HiTCHiNs' Chajutt.

Robert Hitchins, by his will of the 24th June
1680, gave 1,500Z. to the Company to purchase an
estate and apply the rents as follows :— To 20 poor men
and 20 poor women on St. Stephen's day yearly 3J
yards of cloth at 66. a yard, one pair of shoes, one pair
of hose, and one shirt or smock, to a minister for a
sermon 20»., to him who should read the Psalms 28.,
to the clerk of the Company 5^., and to the beadle
28. 6d. And he directed that six of the men and six of
the women should be inhabitants of the freedom part
of St. Giles, Cripplegate.f

The sum of 1,5007. is a part of the consideration of
the King Street and Cheapside Estate, applied by the
Company in 1734, to Heath's Almshouse (q.v.) and
other charities. The portion of the rent of the estate
attributed to this chanty is 140^. 16«. 4d.

t He directed that six of the poor men and six of the poor women
»houId be natives and inhabitanU of the said freedom part of the
parish of St. Giles without Cripplegate aforesaid, if so many were to be
annually found, but if not to be found then to such six poor men and
six poor women, inhabitants of the said part of the said parish as tho
chimib wardens of the said freedom part of the parish for the time
being should think the fittest objects of charity to receive tho same.



Provision
for external
charges.



Roffardto
freftmen and
membera
nf Cloth-
worker**
Company.



Chariry
Com'tiis-
hioners to
make new
9.;tieme8.



LoanFondf
to be fro-
Tem'.xl ex-
clusively by
this scheme.



Scheme to
he printed
a ad sold.



DAtoof
scbeme.



2,018Z. 9s. 6d. (including therein the said several Loan
Funds, or so much thereof as may now be recoverable),
to be held by the said governing body in trust to apply
the same in the erection of school buildings in accord-
ance with the provisions of the subsisting scheme for
the management of the said trust, and in addition to
the moneys by the said scheme authorised to be applied
in like manner. Provided that such buildings shall
comprise a principal hall, to be called the Cloth workers'
Hall, for the assembly of the girls attending the colle-
giate school of the said trust, and for other purposes of
the said trust : Provided also, that the said governing
body shall in every year, if required so to do by the
Cloth workers* Company during s rich year or within
reasonable time afterwards, pay to the said Company
the said sum of 12Z. lis. 4e2. in respect of the external
charges : Provided lastly, that the said governing body,
in the management of the said trust, shall comply with
the provisions of this scheme, so far as the said trust
may be affected thereby.

2. From and after the date of this scheme the Cloth-
workers* Company shall pay and distribute the external
charges as heretofore, by means of the said annual sum
of 12/. lis. 4<2., or otherwise, as they think fit.

3. Daughters of poor freemen or members of the
Clothworkers' Company recommended as meritorious
to the said governing body by the master, wai'dens, and
court of assistants of the said Company, by writing
under the hand of the master, or the hands of any two
of the wardens, shall, on being found fit in accordance
with the provisions of the scheme for the management
of the said trust, and on payment of the entrance and
tuition fees payable by candidates for admission for tho
time being, be admitted to the schools of the said trust
in preference to other candidates for admission; pro-
vided, that whenever 10 scholars having had the benefit
of such preference, are attending the schools, no further
such recommendation as aforesaid shall be made by the
said master and wardens until at least one of such
scholars shall have ceased to attend the schools.

4. The Charity Commissioners may from time to time,
in the exercise of their ordinary jurisdiction, frame
schemes for the alteration of any portions of this scheme,
provided that such schemes be not inconsistent with
anything contained in the Endowed Schools Acts, 1869,
1873, and 1874.

5. From and after the date of this scheme the said
Loan Funds and premises shall for evQrv purnose, except
as herein provided, be administered ana governed
wholly and exclusively in accordance with, the provisions
of the same scheme, . notwithstanding any former or
other scheme. Act of Parliament, charter or letters
patent, statute, or instrument relating to the same
premises.

6. The Clothworkers* Company shall cause this
scheme to be printed, and a copy to be given to every
master and warden of the Company, and to every chair-
man of the said trust for carrying on the North London
Collegiate and Camden Schools for, Girls upon their
respective appointments, and copies may be sold at a
reasonable price to all persons applying for tho same.

7. The date of this scheme shall be the day on which
Her Majesty by Order in Council declares her approba-
tion of it.



* Robert Hitchins* Chakity.

This charity is now regulated by a scheme framed



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