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Know yee that we, in consideration of the good and acceptable seruice done, and to be done, vnto vs by our beloued seruant Sebastian Cabota, of our speciall grace, certaine knowledge, meere motion, and by the aduice and counsel of our most honourable vncle Edward duke of Somerset gouernour of our person, and Protector of our kingdomes, dominions, and subiects, and of the rest of our Counsaile, haue giuen and granted, and by these presents do giue and graunt to the said Sebastian Cabota, a certaine annuitie, or yerely reuenue of one hundreth, three-score and sixe pounds, thirteene shillings foure pence sterling, to haue, enioy, and yerely receiue the foresaid annuitie, or yerely reuenue, to the foresaid Sebastian Cabota during his natural life, out of our Treasurie at the receit of our Exchequer at Westminster, at the hands of our Treasurers and paymasters, there remayning for the time being, at the feasts of the Annuntiation of the blessed Virgin Mary, the Natiuitie of S. Iohn Baptist, S. Michael the Archangel, and the Natiuitie of our Lord, to be paid by equal portions.

And further, of our more speciall grace, and by the aduise and consent aforesaide wee doe giue, and by these presents do graunt vnto the aforesaide Sebastian Cabota, so many, and so great summes of money as the saide annuitie or yeerely reuenue of an hundreth, three-score and sixe pounds, thirteene shillings 4. pence, doeth amount and rise vnto from the feast of S. Michael the Archangel last past vnto this present time, to be had and receiued by the aforesaid Sebastian Cabota, and his assignes out of our aforesaid Treasurie, at the handes of our aforesaide Treasurers, and officers of our Exchequer of our free gift without accompt, or any thing else therefore to be yeelded, payed, or made, to vs, our heires or successours, forasmuch as herein expresse mention is made to the contrary.