A HISTORY OF RUTLAND In 1665, according to a statement signed by two of the governors, the Rev. Thomas Frere, rector of Whitwell, and the Rev. Thomas Halford, rector of Edith Weston, the revenues were ^374 7^- 8i., and after settling accounts at the half-yearly meeting there was ' sometimes something, sometimes nothing, remaining of the revenues.^*- The fines for the previous forty years had not amounted to above ;^50. The income in 18 15, according to Nicholas Carlisle," amounted to ^3,165 from real pro- perty and j^84 os. iid. from dividends on j^2,8oi I2s. sd. three per cent, consols. But at the time of writing (18 1 8) he says that it had been reduced to about £2,-joo a year through fall in rents. According to the report of the Com- missioners for inquiring concerning Charities and Education," the trustees had sold out about ^2,500 worth of stock in 18 13-14 to provide funds for improving the property at Leake ; con- sequently the amount of stock had been reduced to /301 I2J. S^- The income at the time (1820) from real property consisted of the fol- lowing rents : — from Leake, ^^850 ; from Bar- holm-cum-Stowe, ;^3I0 12s.; from Whap- lode, £7 S~ > from Edlington with Poollam, £1^0 ; from Bulkington, ^540; from land at Uppingham, lOs. ; and from houses and land at Oakham, j^26 3J. It was also stated that in a recent suit with reference to certain tithes at Bulkington the trustees had recovered arrears to the amount of ;^i,864, and that these tithes would for the future probably bring in ;^25o a year. Besides the income from real property amounting to about ^^2,660, soon likely to in- crease to over j^2,900, there were certain rent- charges, of £7 a year in all, originally given for the benefit of the masters and ushers. The ex- penditure at the same time totalled ^2,650, i.e. £2,210 for salaries and allowances to the mas- ters (;f 105 each), the ushers (;^I20 each), the receiver (;ri20), the exhibitioners {£(}.itO for six- teen at £jfO each), and the almsfolk (100 at ^10 apiece), and ;r440 for rates and taxes and repairs of the school and hospital premises. ^^492 I If. 2d. had also been spent in the pre- ceding three years in repairing the churches and buildings on the estates. From the foundation, then, up to 1 820, the value of the endowment had increased about tenfold. In 1864*^ the rents received totalled £^,1"]^ OS. id., and there was also a sum of
- ^49 ■]5. gd., being dividend on ^^1,688 10s. gd.
stock. These amounts, with a balance from the previous year of j^ 1,730 and some ;^ 1 10 returned on account of income tax, brought up the in- " B.M. Lansdowne MS. 99 1 , a copy of the original document. " £«(/. Grammar Schools, ii, 335.
- ' Char. Com. Rep.
" Information supplied to the Schools Inquiry Commission ; Schools Inq. Rep. come to just over;^6,o66 for the year. The ex- penditure, on the other hand, was ^^3,623 gj. od., leaving a balance to be carried on to the next year's account of £2, igs. jd. The bill for salaries and allowances amounted to ^^2,693 10^., distributed as follows : — ;f 300 for the masters, ^^250 for the ushers, ;^200 for the receiver, £~6o for the exhibitioners, and jri,i83 ioj. for the hospitallers. Rates, taxes, and repairs ac- counted for over £l']0 ; and £^ 5;. was paid out as ' glove-money to petitioners on audit-day.' If we neglect the balance from the previous year, it will be seen that in the course of about 280 years the original endowment had increased in value about sixteenfold. The nett income of the foundation, according to the latest return (1907), was ;/^2, 279 175. ^d., of which ;^6o4 went to Uppingliam School,
- ^6i4 {£^04. and jTio from Timothy Helmsley's
gift") to Oakham School, and £gob to the almspeople. Archdeacon Johnson's two schools continued to be managed in accordance with his statutes until 1874. In that year the Endowed Schools Commissioners, who, as a result of the report of the Schools Inquiry Commission of 1867, had been appointed under the Act of 1869, with power to remodel old foundations, after draft schemes for both schools had been withdrawn and Oakham had been ruined by the uncertainty as to its future position, formulated the schemes which, with slight subsequent changes, are still in force. The school and hospital branches of the trust were separated. The hospitals, and the management of the property, apart from the school buildings, were left in the hands of the old governors. The two schools were placed each under a separate managing body, consisting of one hereditary member, and of ex officio, representative and co-optative members. In the case of Uppingham, 11 out of 19 members were representatives elected by the members of Parliament for Rutland and Leicestershire, and parts of Northamptonshire and Lincolnshire, while at Oakham 9 out of 1 5 members were representative, five being elected by the gover- nors and one each by the vestries and boards of guardians of the two towns. In addition to the Bishop and Dean of Peterborough, who were ex officio members of both managing bodies, there were added in the same capacity at Uppingham the Lord Lieutenant and the Chairman of Quar- ter Sessions for the county. No master might sit on the managing body of either school. The governors were required to pay to each managing body yearly two-sevenths of the income of the foundation after management expenses had been deducted, and to Oakham a further sum of
- ^io a year in consideration of Timothy Helms-
ley's gift. Both schools were to be boarding " See infra, p. 276. 268
