The first elections were made on February 14, 1604. Josias Shute did not take his B.A. degree till 1605 nor his M.A. till 1609, so that the clause in Henry Tennant's will referring to him still held and he was receiving the interest on £100, but there is also the interest on the lands in Settle which had been sold for £40 and were bringing in £4 yearlie.
Thomas, one of the sons of Christopher Shute, and Alexander Bankes, of Austwick, in the parish of Clapham (also a relative of one of the Governors) were elected to the two Exhibitions. But as Clapham's money continued for seven yeares, they were each to receive £4 a year for four years and to divide the Clapham Exhibition during the next three years, if both continued in the University. This was done "for their better mantaynance and to take awaie emulation."
Thereafter elections were frequently made, until the merging of the funds in the general foundation of the School by the scheme of 1872.
In 1507, the half-acre of land on which James Carr, capellanus, had built his school had been leased for seventy-nine years for a yearly rent of "xij_d._ of good and lawfull moneye of England," and when the seventy-nine years were up, the lease was to be renewable on a payment of 6_s._ 8_d._ Clearly it had been renewed in 1586 but no record remains. In 1610 "on the ffourteenth daie of December, Sir Gervysse Helwysse and Sir Richard Williamson were owners in ffee farme of the Rectorie and Parsonage of Giglesweke." Durham had ceased to possess it, on the Confiscation of Finchale Priory, and in 1601 Robert Somerskayles had bought it of the Crown.
Sir Gervysse Helwysse and Sir Richard Williamson "in consideracion of a certeyne somme of money to them in hand paid, but especially at the request and mediacion of the said Christofer Shutt" sold "all that house comonly called the Schoolehouse in Giglesweke afforesaid and that close adioyneing therto, called the Schoolehouse garth, parcell of the said Rectorye."
The amount of the "certeyne somme of monye" is not declared. The land now belonged to the School, but the xij_d._ yearly had still to be paid as part of the fee farm rent, payable for the Rectory to the King's majesty.
The next important bequest comes from Richard Carr, Vicar of Hockleigh in Essex, who died in 1616. He was a great-grandson of the brother of James, the founder of the School. The family interest was maintained and at his death he left a house in Maldon, called Seely House Grove, with all its appurtenances to his wife Joan and after her death to the "Societye, Companie and Corporation of Christe Colledge in Cambridge." He also bequeathed direct to the College "a tenement at Hackwell alias Hawkwell in the Countie of Essex called Mount Bovers or Munde Bovers."