The four benefactors depicted on the Clock Tower are: Simon De Montfort (c.1208-1265). Earl of Leicester and credited with forming the first Parliament in 1265. William Wyggeston (1467-1536) a wealthy wool merchant; twice mayor of Leicester; MP for Leicester 1504 founder of Wyggeston's Hospital. Sir Thomas White (1492-1567). A native of Reading, he endowed various Midlands towns, including Leicester with £40 to be used for interest free loans to young men to establish themselves in business. These funds having been greatly appreciated since the 16th century, and loans are still administered by local trustees. Alderman Gabriel Newton (1683-1762) woolcomber, Mayor of Leicester in 1732. After the death of his only son he used much of his wealth to provide educational facilities for the poorer children of the town.

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