ster, or Usher," and the "lands, tenements, revenues, reversions,
and other hereditaments, for the support of the school, were granted,
assigned, and appointed," for their better management, "to 10 discreet
and honest men, who (should) be styled Governors."

The first Governors appointed were Clement Monk, clerk; John Smith,
clerk; John Sackeverill, gent.; Thomas Litter, gent.; Geo. Hargrave,
gent.; Thos. Raithbecke, yeoman; John Neale, yeoman; Thos. Hamerton,
yeoman; Willm. Ward, yeoman; Willm. Harrison, yeoman. They were
constituted "a body corporate," having a "common seal, to hold, to manage
the revenues of the school, and empowered to spend, and invest, the
income at their discretion," to appoint the teachers, and successors in
the governing body, as vacancies should, by death, occur.

The property of the school, either from the original, or later, {92c}
endowments, consists of lands, tenements, ground and quit rents, in
Horncastle, or in the Wildmore Fen allotment of the same, land and
tenement in Hemingby, lands in Winthorpe, Huttoft, Sutton, and in
Thornton a payment of 12 pounds a year in lieu of former land, {92d} with
certain moneys invested in Government Consols and Indian Stock.

The rental of the school property has varied at various periods. At the
time of the civil war, when the neighbourhood was more or less in a state
of anarchy, there is no record, for some years, of the Governors having
even met to dispense payments; and the Head Master's salary was only 10
pounds. In 1735 it amounted to 42 pounds, and that of the Usher to 21
pounds; but in 1753 there was a reduction to 30 pounds for the Head
Master, and 15 pounds to the Usher, owing to money having to be "borrowed
for the exigenceys of the school." In 1786 the income of the school rose
to 529 pounds; the highest point which it seems ever to have attained was
877 pounds, in 1854. In that year the Head Master's stipend is not
specified, but two years later it was 235 pounds, with capitation fees
amounting to 251 pounds odd.

In 1780 the Head Master was the Rev. C. L'Oste; he was also Rector of
Langton by Horncastle, and a good scholar. He published a translation,
in verse, of Grotius on _The Christian Religion_. It was printed at the
Cambridge University Press, dedicated to the Bishop of Lincoln, with a
very distinguished list of subscribers. {93} Differences arose between
him and the Governors, and in Sept., 1782, he was served with a notic