| £ per ann. | |
| The general | 300 |
| The colonels | 100 |
| The captains | 60 |
2,000 scholars, among whom shall be the following degrees:
| allowed £ per ann. | ||
| Governors | 100 | 10 |
| Directors | 200 | 5 |
| Exempts | 200 | 5 |
| Proficients | 500 | |
| Juniors | 1,000 |
The general to be named by the founder, out of the colonels; the colonels to be named by the general, out of the captains; the captains out of the governors; the governors from the directors; and the directors from the exempts; and so on.
The juniors to be divided into ten schools; the schools to be thus governed: every school has
| 100 juniors, in 10 classes. | |
| Every class to have 2 directors. | |
| 100 classes of juniors is | 1,000 |
| Each class 2 directors | 200 |
| 1,200 |
The proficients to be divided into five schools:
| Every school to have ten classes of 10 each. | |
| Every class 2 governors. | |
| 50 classes of proficients is | 500 |
| Each class 2 governors is | 100 |
| 600 |
The exempts to be supernumerary, having a small allowance, and maintained in the college till preferment offer.
The second college to consist of voluntary students, to be taken in, after a certain degree of learning, from among the proficients of the first, or from any other schools, after such and such limitations of learning; who study at their own charge, being allowed certain privileges; as—