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The money received by these Gentlemen is to be laid out in purchasing lands or perpetual annuities for endowment of the College aforesaid, and in building and providing necessaries for the same, by order or with the approbation of
His Grace William Lord Arch-Bishop of Canterbury.
The Right Honourable Peter Lord King, High Chancellor of Great Britain.
His Grace Thomas Duke of Newcastle, Principal Secretary of State for the Plantations in America, &c.
The Right Reverend Edmund Lord Bishop of London.
Who have been pleased to accept the Office of Trustees or Overseers of so useful a charity.
N.B. Till such time as the contributions and subscriptions amount to a sum sufficient for providing five persons with the above-mentioned salaries of sixty pounds per Annum, the subscribers shall not be desired to pay in their money.
FINIS.