_Sir Thomas White_, in 1566, bequeathed certain monies for charitable
uses, in respect of which £100 is annually paid to twenty-four corporate
towns in rotation (Salop being one), to be lent out, without interest,
for a period of ten years, to poor young men of the said towns.
_Robert Allen_, by will 24th August, 1568, bequeathed £200 to be lent out
to the poor inhabitants of the town of Salop, in sums of £10, to be held
for three years; each recipient to find a bondsman for the repayment of
the same at the expiration of the term, and to pay 4d. per annum, to be
divided among the inmates of the almshouses of St. Mary and St. Chad.
_Paul Clarke_, April 15th, 1606, bequeathed £20 to be lent out, in sums
of £10, to persons of his name and kindred only for the space of two
years, and then to be returned to the bailiffs of the town, to be again
put forth by the said bailiffs, from time to time, on sufficient security
being given for the repayment of the same.
_Sir Samuel Jones_, by will, dated 10th March, 1670, gave to the town of
Shrewsbury £500, to be employed for the setting poor people on work
there, which sum he directed should he paid to the mayor and corporation
of the said town, and should be by them, from time to time, lent on good
security, without interest, to young tradesmen who should set up there.
_Rev. John Hilton_, in 1697, bequeathed £50 in trust to the mayor and
corporation, to be lent out to five young tradesmen of the town, £10 to
each, for the term of five years, interest free.
The foregoing abstracts are taken from the recitals in a decree of the
Court of Chancery, made in the year 1772, in a cause between the
attorney-general and the mayor, aldermen, and burgesses, of the town of
Shrewsbury. By this decree it was ordered that the sum of £2,404. 14s.
6d., found to be in the hands of the corporation, should be apportioned
to the preceding charities, in a ratio proportionate to their several
bequests. It appears that shortly after these proceedings in Chancery,
the whole of the funds of these charities were lost; that a sum exceeding
£3,000 was raised by subscription to replace the money so lost, which was
subsequently repaid to the subscribers by the corporation. In addition
to the above sum found to be in the hands of the corporation, two sums of
£100 each have been since received from Sir Thomas White’s charity,
leaving £2,596. 5s. 3d. in the hands of the corporation to be accounted
for. In lending out the different sums of money, particular attention is
paid to the directions of the several donors. No applications for loans
are refused, provided the parties are properly qualified, and sufficient
securities are proposed.
Public-domain text, read in full here on John Shaqi.
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