King’s Councillors at the least, to make statutes for the good government thereof; and conferring on the students and graduates thereof all the privileges and immunities of any other University. 10 February, 1494–5.” The character of the institution, and the extent to which it embodied the matured practices of the foreign universities, will be more amply understood by a document, dated a few years later, in the shape of a collegiate endowment by the Bishop, applicable, along with the foundation of a certain Duncan Scherar, to thirty-six members. “Of the foresaid thirty-six persons, five to be Masters of Arts and Students of Theology, exercising the functions of the priesthood, and daily acting as readers and Regents in Arts, each having a stipend of ten pounds, four of them being paid out of the lands and feu-duties assigned by the Bishop, and the fifth out of the foundation of the foresaid Duncan Scherar; thirteen to be scholars or poor clerks, fit for instruction in speculative knowledge, and whose parents cannot support them at scholastic exercises, twelve of them having each a stipend of twelve merks from the revenues of the said churches, with chambers and other college conveniences, and the thirteenth a stipend of five pounds from the foundation of the said Duncan Scherar; the five Students of Theology to be supported for seven years until they are licensed, and one of these, of sweet temper, to be selected by the Principal and Sub-principal to read and teach poetry and rhetoric to the other Students; and the Students in Arts to be supported for three years and a half until made Masters; at the end of which periods, these Students of Theology and Arts, whether graduated or not, to be removed, and others instituted in their stead; the Principal, Canonist, Civilist, Mediciner, Sub-principal, and Grammarian, to be nominated by the Bishop and his successors, Chancellors of the University; the Students of Theology to be admitted by the Chancellor, and nominated by the Rector, Dean of Faculty of the Arts, Principal and Sub-principal; and the thirteen Scholars to be admitted in like manner, and nominated by the above parties and the Regent of Arts; of the thirteen Students in Arts, the two first to be of the name of Elphinstoun, who, after being graduated in Arts, shall be admitted among the Students of Theology, and three to be from the parishes of Aberlethnot, Glenmyk, Abirgerny, and Slanis: all the members to have their residence within the College, except the Canonist, Mediciner, Grammarian, and Regent, who are to have manses without the College; the Principal and the Students of Theology, after being made Bachelors, to read Theology every reading-day, and to preach six times a year to the people; and the Students, before being made Bachelors, to preach by turns in Latin in the Chapter of the College on every