The rise and progress of the town and the history of its institutions & people.

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These Exhibitions shall each be tenable for not more than three years at any place of education, higher than elementary, approved by the Governors.
Every Exhibition shall be given as the reward of merit, and shall, except as herein provided, be freely and openly competed for and shall be tenable only for the purposes of education.
If the holder of an Exhibition shall, in the judgment of the Governors, be guilty of serious misconduct or idleness, or fail to maintain a reasonable standard of proficiency, or wilfully cease to pursue his or her education, the Governors may deprive him or her of the Exhibition.
About 20 years ago Serryes or Surries Farm, situate at Ashurst Wood, was sold to the late Mr. Oswald Smith, of Hammerwood, and has ever since formed part of the Hammerwood estate, and the capital is now represented by the sum of £3,937. 12s. lid. invested in India 3 per cent, stock and producing an annual income of £118. 2s. 4d. The present Governors are: The Rev. D. Y. Blakiston, ex-officio; Mr. Joseph Rice, nominated by the Urban Council; Mr. W. V. K. Stenning, by the Justices; Mr. W. Young and Mr. S. Jenks, by the Educa≠tion Authority; and the Rev. A. J. Swainson, Mr. C. H. Everard and Dr. H. S. McCalmont Hill, co-optative governors. Mr. E. P. Whitley Hughes is the Clerk to the Endowment Trust.
Thomas Hall, by his will, dated August 12th, 1817, left " £20 to be placed out on sound security, the interest to be given for ever in bread to 20 poor women, a sixpenny loaf to each to be given twice a year on January 6th and July 6th." He, however, left no instructions as to whom the money was to be paid to or who were to be Trustees. Messrs. Russell Hall and William Hall, his brothers, were the executors, and for three years after his death they distributed 10s. worth of bread on each of the dates named. They repeatedly applied to the Vicar and parish officers to receive the money and invest it, but they declined to accept it, so the money remained in the executors' hands, was never invested and in time the charity entirely lapsed.
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