Foundation of the Schools of King Edward VI dead was established in New Street, Birmingham. As part of the religious settlement of King Henry VIII laws were enacted suppressing all monasteries and chantries. In the case of chantries, little had occurred since the 1545 Act and when King Edward VI came to the throne in 1547, new legislation to close chantries was soon enacted. Part of the process of suppressing chantries involved holding an inquiry into their property and assets. The New Street chantry was abolished in common with thousands of others, although the people of Birmingham were told that the assets would not be seized by the
The Merry Monarch sold all his horses for £10,000 to Edward Lloyd-Mostyn. The Merry Monarch was put up for auction and bought back by his original owner, William Gratwicke for 78 guineas. "The Sportsman" magazine described The Merry Monarch as "a very bad horse" and his Derby win as the biggest "fluke" in the history of the race. "The Farmer's Magazine" concurred, calling the result "one of the greatest flukes that we have on record". The Merry Monarch stood as a stallion at his owner's stud at Ham, where his fee was initially 10 guineas. He attracted few mares however, and in only