When the college was founded in 1458 by William of Waynflete, the Founder ordained that in addition to forty senior scholars, or Fellows, there should be thirty poor scholars, commonly called Demies, of good morals and dispositions fully equipped for study. (Compare "postmasters" at Merton College, Oxford).
Recipients (known as demies, pronounced to rhyme with "surmise") are still admitted to the College's Foundation (in increased numbers, following changes to the system of scholarships) and are entitled to attend certain ceremonies and dinners.
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