Chapter X: Section VIII: Grant by Edward VI. of a Pension, and the Office of Grand

Pilot of England to Sebastian Cabot_[18]

Edward the Sixth, by the Grace of God king of England, France, and Ireland, to all believers in Christ to whom these presents may come, wisheth health. Know ye, that in consideration of the good and acceptable service, done and to be done to us by our well-beloved servant Sebastian Cabot, we of our special grace, certain knowledge and goodwill, and by the councel and advice of our most illustrious uncle Edward Duke, of Somerset, governor of our person, and protector of our kingdoms, dominions, and subjects, and by advice of the rest of our councillors, have given and granted, and by these presents give and grant to the said Sebastian Cabot a certain annuity or yearly revenue of _one hundred and sixty-six pounds, thirteen shilling and fourpence sterling_[19], to have, enjoy, and yearly to receive during his natural life from our treasury at the receipt of our exchequer at Westminster, by the hands of our treasurers and chamberlains for the time being, by equal portions at the festivals of the annunciation of the blessed virgin, the nativity of St John the Baptist, of St Michael the Archangel, and the nativity of our Lord. And farther, as aforesaid, we grant by these presents so much as the said annuity would amount to from the feast of St Michael the Archangel last past unto this present time, to be received by said Sebastian from our foresaid treasurers and chamberlains in free gift, without account or any thing else to be yielded, paid or made to us our heirs or successors for the same. In witness whereof, &c. Done by the King at Westminster on the 6th of January 1548, in the second year of his reign.

[Footnote 18: Hakluyt, id. ib. Supposing Sebastian to have been sixteen years of age in 1495, when he appears to have come to England with his father, he must have attained to seventy years of age at the period of this grant--E.]

[Footnote 19: At the rate of six for one, as established by the Historian of America for comparing sums of money between these two periods, this pension was equal to L.1000 in our time.--E.]