Edward the Third from the Conquest, and of the most pious Queen Philippa, his consort: to the intent that the same books may be lent from time to time to all and singular the scholars and masters of the said place, as well regular as secular, for the advancement and use of study, in the manner immediately following, that is to say:
Five of the scholars sojourning in the Hall aforesaid shall be appointed by the Master thereof, who shall have the charge of all the books, of which five persons three and not fewer may lend any book or books for inspection and study; but for copying or transcribing we direct that no book shall be allowed outside the walls of the house. Therefore, when any scholar secular or religious, whom for this purpose we regard with equal favour, shall seek to borrow any book, let the keepers diligently consider if they have a duplicate of the said book, and if so, let them lend him the book, taking such pledge as in their judgment exceeds the value of the book delivered, and let a record be made forthwith of the pledge and of the book lent, containing the names of the persons delivering the book and of the person who receives it, together with the day and year when the loan is made.
