Subseries 3 - Cecil [Burghley] benefactions

Lord Burghley gave £30 per annum, consisting of £20 charged on lands at Barnack and Pilsgate, Northamptonshire and £10 on property at Cheshunt, Hertfordshire, namely 'Arnolds' near Theobalds and the Black Lyon in Hoddesdon, with which:
1) to use £26 to increase the commons of the twenty four scholars of Lady Margaret's foundation by 5d. each to 12d. a week, with Burghley having the nomination of two of the scholars without restriction as to county of origin.
2) 12s. 0d. a year to each of these two scholars in livery.
3) 16s. 0d. to augment the dinner of the Master, Fellows and 24 Scholars on the Sunday after the feast of St. John the Evangelist.
4) 40s. 0d. in costs for collecting the rents.
The College agreed to supply a preacher to preach one sermon at St. Martin's Stamford, near Burghley House, and one sermon at the parish church of Cheshunt, near Theobald's, at the time of the collection of the rents. Lord Burghley, his son Robert Cecil, and their heirs agreed to pay set amounts to the preachers at the end of their sermons, which should commemorate the benefaction. The Cheshunt sermon was removed to Hatfield in 1629 by agreement between St John's and the Earl of Salisbury.
The College also agreed with Burghley, his son Sir Thomas Cecil, and their heirs that after Lord Burghley's death the heir to Burghley House and lordship was to 'nominate and appoint' one scholar from Stamford school; also with Robert Cecil and his heirs that after the death of Mildred, Lady Burghley they should nominate and appoint one scholar from Westminster or Hoddesdon schools.
The College also agreed that the 24 scholars should annually put certain texts of scripture into Latin Iambic verse and present them to Lord Burghley, and after his death that the 16 senior scholars should present the verses to the heir of Burghley, and the 8 junior to the heir of Theobalds.
The rights of the Marquis of Exeter (heir to Burghley) and the Marquis of Salisbury (heir to Theobalds) to nominate their scholars were preserved by statute in 1859, but rescinded with their consent in 1975 by a new statute which also omitted mention of Hoddesdon school.