The cost of the lectures and demonstrations was defrayed at first by the Corporations, but in course of time, benefactors came forward and bequeathed funds for the purpose. In the year 1579 there was a motion before the Court of the Barber Surgeons' Company concerning a lecture in surgery "to be had and made in our Hall and of an annuity of ten pounds to be given for the performance thereof yearly by Master Doctor Caldwall, Doctor in phisick; but it was not concluded upon neither was any further speech at that time." No reference to the proposal occurs subsequently in the minute books, so that the idea was probably abandoned, no doubt upon the ground that it would lead to additional expense which the Company was unprepared to meet. The annuity was only ten pounds a year, and in 1646 the cost of the lectures, including the dinners, amounted to £22 14s. 6d., or without the feasts to £12 14s. 6d. It is now obvious that the Company did a very stupid thing, for in 1581, two years later, Lord Lumley in conjunction with Dr. Caldwell, and at his instance, founded the Lumleian lectureship at the College of Physicians. The surgeons thus lost a noble benefaction which should of right have belonged to them and with which Harvey might still have been associated, for whilst he was lecturing at the College of Physicians, Alexander Reid, his junior in years as well as in standing, was lecturing at the Barber Surgeons' Hall in Monkwell Street. The Lumleian lecture was a surgery lecture established at a cost of forty pounds a year, laid as a rent charge upon the lands of Lord Lumley in Essex, and of Dr. Caldwell in Derbyshire.