Decree for the Webster Foundation

Summary

1st. That at the next Election of Fellows in the said College the Master and senior Fellows of such College elect into Mr. Webster's Fellow Exhibition one of the Candidates for the same being a Bachelor of Arts of the said College and who shall have attended the previous Fellowship Examination and that the Person so elected be designated “Webster's Fellow.”

2d. That the Person so elected be deemed incapable of being elected into a Foundation or other Fellowship of the said College.

3d. That the said Fellow Exhibition be tenable for 10 years provided the Holder do not marry nor be elected a Fellow of any other College in either University nor be admitted to Ecclesiastical Preferment of the Value of £10 a year or upwards in the King's Books or (if not mentioned in the King's Books) of four times the value of the Stipend appertaining to the said Fellow Exhibition provided also that the said Fellow Exhibitioner proceed regularly to the Degree of Master of Arts.

4th. That the Stipend of the s^d Fellow Exhibitioner be sixteen 21 parts of the annual proceeds of the Webster Exhibition Trust Fund for the time being payable half-yearly.

5th. That the said Fellow Exhibition be not tenable with a Scholarship of the said College but may be held with any other Exhibition which the Holder may enjoy in the said College agreeably to the College Statutes.