COUNTY of LONDON. The Fund for Assistant Curates in Parishes adjoining the City of London, formerly known as The Early Morning Lecturer Fund. The Inquiry into this Charity was held on the 26th March 1901 at the Rectory, The Fund No. 67 Queen Street, Cannon Street, E.C. for Assistant The following is the description of this Charity, under the Parish of St. Mary Bothaw, Curates in contained in the General Digest, City of London, 1875-76. GENERAL DIGEST.-CITY OF LONDON, 1875-76. Parishes adjoining the City of London. General Digest 1875-76. An account of the Charity is contained in Mr. Hare's Report, dated the 26th November 1860, on the Charities of the parish of St. Mary Bothaw, which is included in the Report of the City Parochial Charities Commission (Vol. III., page 247). . The Early Morning Lecturer Fund appears to have been in existence as early as 1737, and to have had its origin in subscriptions and offertories given for the purpose of defraying the expenses of providing in one or other of the churches of the City of London an early morning service and lecture, followed by a celebration of the Holy Communion. James White by his will, dated the 28th September 1791 and proved in the White's Gift. Prerogative Court of Canterbury on the 4th October 1794, bequeathed 1007., the interest thereof to be vested towards the support of the morning lecture preached on Sunday morning between 6 and 8 o'clock, under the care of the trustees of the said lecture, and he expressed the hope that the lecture would continue to be delivered at St. Margaret's Church, Lothbury, at which it had lately been given. The bequest was represented by 1907. Os. 4d. Consols standing in the name of the Accountant-General in the cause of White v. Evans to "The account of the Lecture of "St. Margaret's Church, Lothbury," and the dividends were paid to the lecturer for the time being of the said church. In 1815 the service and lecture were transferred to the church of St. Swithin, London Stone, with St. Mary Bothaw, and under the authority of the Court of Chancery the dividends on the fund in Court were paid to the lecturer of the Charity for the time being. In addition to the income derived from the last-mentioned fund, the Charity was supported by the dividends on sums amounting in 1811 to 500l. Government Stock and representing the investment of donations and legacies given for the general purposes of the fund, and by an annuity of 107., the gift of Francis Newham, charged on a leasehold house, the lease of which appears to have expired about 1838. The Fund The funded property of the Charity was afterwards increased by further investments for Assistant of gifts, legacies and savings of income, and was represented by a sum of 8731. Os. 9d. Curates in Parishes adjoining the City of Londoncontinued. Consols, besides the sum in Court. Until the year 1893-4 the income of the Charity continued to be applied in defraying the expenses of early services with a lecture or sermon and celebration of the Holy Communion at the church of St. Swithin, London Stone. The plate used at the communion service was the property of the trustees. Owing, however, to diminution in the number of persons in attendance the services were discontinued, and for some years the income was accumulated until by an Order of the Charity Commissioners dated the 13th May 1898 a Scheme for the future regulation of the Charity was established. The Scheme provides that the Charity shall be administered under the title of the Fund for Assistant Curates in Parishes adjoining the City of London. After providing for the transfer to the Official Trustees of Charitable Funds of the stock belonging to the Charity and for the investment in the name of the said Official Trustees of all sums of cash not required for current expenditure, the Scheme directs that the trustees shall consist of The Archdeacon of London for the time being; and The rural deans for the time being of the deaneries comprising the City of London and the adjoining parishes. The trustees are to hold general meetings at least once a year. Three trustees are to form a quorum. After a provision for the keeping of minutes and accounts, and for the transmission and publication of the accounts, the Scheme directs that the net yearly income of the Charity shall be applied at the discretion of the trustees in aid of the stipends of assistant curates serving in any of the parishes in or adjoining the City of London. The plate for the Holy Communion belonging to the Charity is to be appropriated for use in the church of St. Andrew, Upper Holloway. The Scheme contains the usual provisions that the benefits of the Charity are to be appropriated by the trustees as a body and not individually, and that no trustee is to receive remuneration from the funds of the Charity. In accordance with the directions of the Scheme a sum of 8731. Os. 9d. New Consols, representing the above-mentioned sum of 8731. Os. 9d. Consols, was transferred to the Official Trustees of Charitable Funds under the authority of an Order of the Charity Commissioners dated the 27th September 1898, and under the authority of another Order of the said Commissioners of the same date a sum of 1091. Os. 4d. cash, representing accumulations of income, was paid to the said Official Trustees, and, less 11s. 6d., the cost of a power of attorney, was invested in their name in 977. 16s. like stock. The fund in Court, after payment of certain costs, was represented by 1871. 15s. 9d. New Consols, which sum, under the authority of Orders of the Court and of the Charity Commissioners dated respectively the 11th July and 1st December 1899, was transferred to the said Official Trustees. The communion plate which belonged to the Charity was given to the church of St. Andrew, Upper Holloway, as directed by the Scheme. The endowment of the Charity consists of the above-mentioned sums of 8731. Os. 9d., 977. 168., and 1877. 15s. 9d., amounting together to 1,158/. 12s. 6d. New Consols, in the name of the Official Trustees of Charitable Funds. The trustees of the Charity are as follows: The Ven. William Macdonald Sinclair, D.D., archdeacon of London; The Rev. Henry Wace, D.D., rector of St. Michael, Cornhill, prebendary of St. The Rev. Lewis Borrett White, D.D., rector of St. Mary Aldermary with St. Thomas The Rev. George Henry Perry, rector of St. Luke, Old Street, and rural dean of The Rev. George Barnes, vicar of St. Barnabas, Bethnal Green, and rural dean of The Rev. John Fenwick Kitto, vicar of St. Martin-in-the-Fields, prebendary of The Rev. William Bryant Salmon, vicar of St. Leonard, Shoreditch, and rural dean Curates in The dividends on the stock belonging to the Charity, amounting to 31/. 17s. a year, are The Fund remitted to an account kept in the name of the Fund with the head office of the Union for Assistant Bank of London. Cheques are signed by Dr. White and the Rev. G. H. Perry, who are Parishes respectively the treasurer and secretary of the Charity. adjoining the City of continued. The trustees meet annually in November at the chapter house of St. Paul's. The income of the Charity is applied in grants of 10l. each made to incumbents of Londonparishes adjoining the City of London to assist them in providing the stipends of assistant clergy or in grants of the like amount paid direct to such assistant clergy. Inquiry is made to ascertain in what cases the grants appear to be most needed. The grants which have been made are as follows: In 1899, 101. each to the rector of Holy Trinity, Lincoln's Inn Fields, the vicar of St. Mary, Spital Square, and the vicar of St. Mark, Myddelton Square. In 1900, 107. each to the Rev. E. J. Clark, curate of St. Paul's, Dock Street, the vicar of St. Chad, Haggerston, and the vicar of Holy Trinity, Gray's Inn Road. The accounts of the Charity have not been rendered to the Charity Commissioners, but the bank pass-book, which shows the receipts and expenditure, was produced for the purposes of the Inquiry. On the 31st December 1900, after the payments made in that year as above mentioned, there was a balance of 97. 178. 8d. in hand. 30th April 1901. ANDREW C. KAY, ENDOWED CHARITIES (COUNTY OF LONDON). MICH. RETURN to an Order of the Honourable The House of Commons, RETURN "comprising (1) THE KEPORTS made to the Charity Commissioners, in the result of an Inquiry held in every Parish wholly or partly within the Administrative County of London into Endowments, subject to the provisions of the Charitable Trusts Acts, 1853 to 1891, and appropriated in whole or in part for the benefit of that County, or of any part thereof, together with the Reports on those Endowments of the Commissioners for inquiring concerning Charities, 1818 to 1837 "; and "(2) A DIGEST showing, in the case of each such Parish, whether any, and, if any, what such Endowments are recorded in the books of the Charity Commissioners in the Parish." And to be purchased, either directly or through any Bookseller, from E. PONSONBY, 116, GRAFTON STREET, DUBLIN. 1901. |