It is now awarded to bachelors of three years' standing on payment of a fee.
Ultimately bannerets obtained a place in the feudal hierarchy between barons and knights bachelors, which has given rise to the idea that they are the origin of King James I.'s order of baronets.
"Under these bannerets," he adds, "divers knights bachelors and esquires usually served; and according to the number of them, the bannerets received wages."
From time to time additional settlers arrived or shipwrecked mariners decided to remain; in 1827 five coloured women from St Helena were induced to migrate to Tristan to become the wives of the five bachelors then on the island.
It is a curious accident that we have no information about the respective merits of the candidates for a degree in this year, as the " ordo senioritatis " of the bachelors of arts for the year is omitted in the " Grace Book."