Let them be boarded and lodged in the Dormitory, as they are at present; or upon such Terms as may from Time to Time seem most proper to the President and Masters, or to the Governors, till a Transfer be obtained.
These Lads should be two Years under the Care of the Usher, and two more under the Grammar Master; and by them instructed in Latin and Greek, in such Methods as the President and Masters shall direct.
And during these four Years, at certain appointed Times they should be taught to write as they now are in the Writing-School, or in such Methods as the President and Masters may judge better: There also should the Writing Master teach them the Grounds and Practice of Arithmetick, in order to qualify such for Business, as intend to make no farther Progress in Learning.
Out of the Grammar School should be yearly elected by the President and Masters [or Professors] five Scholars upon the Foundation, who should be allowed their Board, Education, and Lodging in proper Apartments gratis; and should also be provided with Cloaths and Gowns, &c. after the Charter-House Method.
These Scholars should continue three Years upon the Foundation; during which Time, at appointed Terms they should be instructed in Languages, in Religion, in Mathematicks, in Philosophy, and in History, by the five Masters or Professors appointed for that Purpose; who with the Grammar Master make up the Number appointed by the Charter.
Besides the Scholars, the Professors should for a certain Sum instruct such others as may be enter'd Commoners in the College out of the Grammar School, or from elsewhere, by the Approbation of the President and Masters, who should be obliged to wear Gowns, and be subject to the same Statutes and Rules as the Scholars; and as Commoners are in Oxford. These should maintain themselves, and have a particular Table, and Chambers for their Accommodation.
For to wait at the four high Tables hereafter mentioned, there should be elected by the President and Masters four Servitors, who should have their Education, and such Allowances, as the Servitors in Oxford.
Such Scholars, Commoners, and Servitors, as have behaved themselves well, and minded their Studies for three Years, and can pass proper Examination, and have performed certain Exercises, should have the Degree of a Batchellor of Arts conferred upon them; should eat at a Table together, and be distinguished by a peculiar Habit; maintain themselves, be subject to certain Rules, and pursue proper Studies; being allowed the Use of the Library as well as the Masters, paying proper Fees upon their Admission for the Good of the Library.
Out of these Batchellors should be yearly elected by the Presidents and Masters, one Fellow to be allowed 20 l. for his Passage to England, and 20 l. per Ann. for three Years after his speedy Entrance and Continuance in some certain College in Oxford or Cambridge; after which he should commence Master of Arts; which Degree, with all others in our Universities, should be conferred in the same Manner in this College by the President and Masters.
Out of the Graduates above Batchellors should the Masters or Professors be chosen by the Election of the said Masters or Professors, with the President; who also every seven Years should chose a new Chancellor, to whose Determination all Disputes and Differences should be referred.