who, upon their Oaths, nominate the best Answerers, and distribute in like manner 40 l. apiece of the Royal Annual Bounty to those who miss, but appear to deserve the Fellowship.
After eight compleat Years, they commence Masters, and are dismist the Society, if they desire it, with proper Testimoniums of their Behaviour and Scholarship; and if they continue in the Society, are allow'd 20 l. a Year each, from the Royal Bounty, and are oblig'd to attend the Professors of Divinity, Mathematicks, History, and Civil Law, each of them, two Hours every Day at their publick Lectures for four Years, and then they are declar'd Emeriti, and honour'd with larger Testimoniums, betake themselves to their several Professions in the World.
This truly Royal Foundation, of which I omit many smaller Particulars, costs his Majesty about 3000 l, a Year, besides the Expence of a Regal Visitation every three Years, when the Morals, Learning, and Diligence of the Provosts, Professors, and Fellows, are severally enquir'd into, and all Offenders, either strictly caution'd, remov'd, or expell'd.
The Numbers of admirable Scholars that this Society has sent into the World, and their having deservedly obtain'd, a large Share ofall