But in this case it is Master Henry Sever, Warden of Merton, who has lately been making some repairs in the College, and he has borrowed from the Seltone Chest the extreme sum permitted by the ordinance, sixty shillings, for that purpose. The scholars plainly disapprove of his action. They are jealous of his using the funds of the chest which, they think, were not intended for the convenience of such as he. Master Sever, however, is filled with anxiety at the present moment. He has pledged an illuminated missal which far exceeds in value the sum he has borrowed, and this he omitted to redeem at the proper time. It is not in the chest. He inquires, and is told that it has been borrowed for inspection by an intending purchaser, who has left a silver cup in its place, of more intrinsic value by the stationer's decision, but not in Mr Sever's opinion. Satisfied that he will be able to effect an exchange, he departs with the cup in search of the owner. Other cases are now considered. Some redeem their pledges, some borrow more monies, some are new customers, and they sorrowfully deposit their treasures and slink sadly away, not without a titter from the more hardened bystanders. But before the iron lid closes again, and the bolts slide back, "Ye shall pray," says Master Parys, addressing the borrowers, "for the soul of W. de Seltone and all the faithful departed." We may pass from this scene in the old Convocation House to another not less typical of the mediæval University. The Chancellor's court is being held, and the Chancellor himself is sitting there, or, in his absence, his commissary. The two proctors are present as assessors, and these three constitute the court. It is before this tribunal that every member of the "Privilege" must be tried. For it was only in a University court that they could be sued in the first instance. Here then, if we attend this court and glance through the records of ages, we shall find the Chancellor administering justice, exercising the extensive powers which he holds as a Justice of the Peace and as almost the supreme authority over members of the University. True, he had not the power of life and death, but he could fine or banish, imprison and excommunicate. And as to the townsmen, he exercised over them a joint jurisdiction with the mayor and civic authorities. The accused was entitled to have an advocate to defend him, and he could appeal to the Congregation of Masters, and thereafter to the Pope. No spiritual cause terminable within the University could be carried out of it. But in all temporal cases the ultimate appeal was to the King.