“The Citizens, for their Moiety of the said Edifice, are from Time to Time to appoint four Persons duly qualified to read Lectures of Divinity, Astronomy, Musick, and Geometry, in his Mansion-house [afterwards Gresham College], and to pay annually to each of the said Lecturers a Salary or Stipend of fifty Pounds. And also to pay yearly to his eight Alms-People in _Broad-Street_ (whom the Mayor and Citizens have likewise the Power of chusing) the sum of six Pounds thirteen Shillings and four Pence each. And besides, to pay annually to the Prisons of _Newgate_, _Ludgate_, _Kings-Bench_, _Marshalsey_, and _Wood-Street Compter_, the Sum of ten Pounds each. And the Mercers, for their Half, are, from Time to Time, to chuse three persons well accomplished, to read Lectures of Law, Physick, and Rhetorick, in the aforesaid Mansion-House called _Gresham-College_, with the same salaries to each of the Lecturers as to the above-mentioned. The said Company of Mercers are likewise obliged to pay the sum of one hundred Pounds per Ann. for four quarterly Dinners to be provided at their Hall, for the Entertainment of the whole Company; and also to pay to _Christ’s_, _St. Bartholomews_, the _Spital_, _Bethlehem_, and _St. Thomas’s_ Hospitals, and the _Poultry Compter_, the Sum of ten Pounds per Ann. each.” (Maitland, vol. i. pp. 256–257.) The reversion fell in on the death of Lady Gresham in 1596, when the City and the Company took steps to carry out the Trust. Gresham House became Gresham College, and so continued until the year 1767, when the Crown took over the building for an Excise office, giving the City £500 a year perpetual annuity. For some time the lectures ceased; when they were renewed they were delivered in the City of London School until the building of the present Gresham College in Basinghall Street.