The Trust Income of the Company is expended in schools and almshouses, the most important schools being Aske’s, referred to above. There are other almshouses at Monmouth, at Newland in Gloucestershire, and at Newport, Salop. There are also schools at Monmouth, Pontypool, Newport, Salop, and Bunbury connected with the Company. They give several exhibitions, and they grant pensions and give large subscriptions to philanthropic objects. THE WAX CHANDLERS COMPANY There is no documentary evidence in the possession of the Wax Chandlers’ Company of an earlier date than 45th Edward III., A.D. 1371, which is a petition to the Court of Aldermen of the City of London for leave to choose searchers for bad wares, and for approval of byelaws then submitted for the regulation of the craft. The prayer of this petition seems to have been acceded to, for Walter Rede and John Pope were in the same year chosen and sworn to oversee the said craft, and the defaults from time to time found to present to the mayor and aldermen, etc. These documents are set out (p. 104) in the Report of the Commissioners on Municipal Corporations in England and Wales dated 1837. That the craft of wax chandlers had an association previous to this date there are no documents to show, although from the petition it would appear that it had, but without power to enforce obedience to its orders. The following is a list of the charters, etc., granted at various times to the Company: 1. Charter of 1 Richard III., 1484. 2. Grant of arms, 2 Richard III., 1485. 3. Further grant of arms, 28 Henry VIII., 1536. 4. Exemplification and confirmation of said charter of Richard III. by Philip and Mary, 7th June, 4 and 5 Philip and Mary. 5. Letters Patent of confirmation of said charter by Queen Elizabeth, 2 Elizabeth, 1560. 6. Ditto, ditto. King James I., 2 James I., 1604. 7. Charter of 15 Charles II., 1663. 8. Byelaws pursuant to last-mentioned charter, and the statute 19 Henry VII., approved and signed and sealed by the Lord Chancellor and two Chief Justices of the King’s Bench and Common Pleas, dated June 28, 1664, referred to at p. 100 of the above-mentioned report. 9. Charter of 1 James II., 1685 (this charter was avoided under the General Statute). At present they have a livery of twenty-seven, a Corporate Income of £1370, a Trust Income of £230, and a hall in Gresham Street. The use of wax tapers and candles not only in the churches, but also in the houses of the wealthy sort, caused the material to be valuable and the mystery of preparing it prosperous. The Company was in fact in great credit until the Reformation, when the greater part of its work—that of providing lights for the churches—vanished.