purchase of Freehold hereditaments or Copyhold hereditaments
convenient to be enjoyed therewith; (b) that the premises purchased
should be conveyed unto the Trustees for the time being of the Charity
and held upon the Trusts, upon which the hereditaments sold would have
been held in case the same had not been so sold, and the Act had not been
passed; (c) that until the moneys should be so let out and invested they
should be invested in Parliamentary stocks or Funds of Great Britain in
the name of the Accountant-General; and (d) that the annual produce of
such funds should be applied to the person and for the purposes to which
the rents of the trust lands would have been applicable.
In the exercise of the trust for purchasing lands conferred by the Act,
the Trustees subsequently purchased the property in Walsall Street,
adjoining and near to the Churchyard, including the site of the new
Schools there, and also two Cottages and some gardens and land at
Shepwell Green. The latter property has since been sold off.
Reverting to the question of the value of the Living, it may be mentioned
that in the year 1886, when the Shepwell Green property and the small
piece of land at Bentley were still in hand, the gross income from the
Living, apart from Surplice Fees, was 792 pounds 7s. 9d., made up as
follows:--
pounds s. d.
Rents 194 2 8
Dividend from 19,941 pounds 16s. 8d., 598 5 1
3 per cent. Consols
792 7 9
The effect of the "Goschen" Act of 1888 was ultimately to reduce the
Dividend on the Consols by 1/6th, and, consequently, the gross income of
the Living, apart from Surplice Fees, stood a few years afterwards at 692
pounds 13s. 7d., made up as follows:--
pounds s. d.
Rents 194 2 8
Dividend from 2.5 per cent. Consols 498 10 11
692 13 7
This statement brings matters up to date (1907); the tithes are still
impropriate, a rent charge of 540 pounds being receivable by Lord Barnard
in succession to the Duke of Cleveland. The tithe-owner in Bentley is
the Earl of Lichfield.
XXII.--The Church Charities: The Daughter C
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