The books are to be kept under three locks and the keys to be held by the Master and the two keepers of the Billingford chest who are to see that the library should be always in decent order and that no-one should be admitted without first taking an oath not to abuse the books in any way. Access is to be allowed in the winter from 8 to 11 a.m. and 1 to 4 p.m. and in the summer from 6 to 11 a.m. and 1 to 5 p.m. No books are to be taken out of the college, but the Master may have up to three at one at his lodge, and a fellow may have one to his chamber for transcribing, etc. The Masters of Gonville and Caius and of Trinity Hall, or their deputies, are appointed annual supervisors on 6 August, on which occasion they are to be invited to dinner with the two scholars of Parker's foundation at those colleges when the Masters or their deputies are to have 3s 4d each and the scholars 1s each for their pains in conducting the audit of the library. The auditors may inflict a penalty of 4d for every leaf of a MS found wanting and 2s for every missing sheet. For every printed book or MS missing and not restored within 6 months of admonition they may levy whatever sum they shall think proper. If 6 MS in folio, 8 in quarto and 12 of lesser size shall be found missing due to negligence, and not restored wthin 6 months, then, with the consent of the Vice-Chancellor and one senior doctor, all the books and all the plate given by Parker to CCCC, shall be forfeit to Gonville and Caius within a month; and should that college similarly be found wanting, then they are to pass to Trinity Hall, and, in the case of their default, shall pass back to CCCC again. Three catalogues of the books are to be made, one for each college; they are to be sealed with the common seal of each college and exhibited at the audit. A registrar, sufficiently skilled in writing, is to be appointed for making such transcripts as may be required and is to be chosen in the same way as the Norwich scholars and be called the senior Bible-clerk. Parker is to have the use of the books during his lifetime. Previous regulations (i.e. those of 1569 and August. 1574) are superseded.
Marginal annotations in pencil in this copy only suggest that this was probably Parker's copy.