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 *house. He was responsible for keeping the building in repair, and for the fees to the Master of the Revels for licensing its use; all other outgoings had presumably to be met by the company. If, as sometimes happened, the theatre was put at the disposal of some fencer or other performer not belonging to the company, the profits of the subletting were apportioned between Henslowe and the actors. It should be added that, under an agreement entered into when the building of the Rose was being planned in 1587, Henslowe had assigned half his profits for a term of eight years and a quarter to one John Cholmley in return for fixed quarterly payments. The covenants of the agreement entitled the parties jointly to appoint actors to perform in the play-house, and gatherers to collect the entrance fees, and reserved to each of them the right 'to suffer theire frendes to go in for nothinge'. They were to share the cost of repairs and Cholmley, who was a grocer, was to have the monopoly of selling drink on the premises. The agreement was probably terminated by Cholmley's death; if not, it would have served Henslowe for an insurance over the lean years of the long plague.

The character of Henslowe's entries in the diary changes towards the end of 1597, but the indications do not suggest any alteration in the conditions upon which the Admiral's men remained his tenants. On the other hand, the new series of accounts reveals certain relations between himself and the company for which there is no known analogy in the organization of the King's men. Quite apart from payments for the use of the theatres, the players had to meet divers costs of maintenance, including the purchase of play-books from dramatists and the provision of properties and garments for new productions. These charges were heavy and fluctuating, and proved a difficulty for men who lived from hand to mouth, and had acquired the thriftless habit of sharing their takings weekly or even daily, and keeping no reserve fund. Henslowe, as a capitalist, came to the rescue. Perhaps tentatively at first, but certainly from 1597 as a regular system, he met the claims of poets and tradesmen as they fell due, and debited the sums advanced to a running account with the company, which forms the main subject-matter of the diary. Of course he had to recoup himself from time to time; and Dr. Greg has made it pretty clear that, when the system was in full working, he did this by