methods for financial improvement during personal rule
- Created by: Catherine1305
- Created on: 01-12-21 11:56
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- Methods for financial improvement during Personal Rule
- ORDINARY REVENUE
- Crown Lands
- 1630: commission for Defective Titles set up to examine titles + leases of Crown tenants
- 1634: judicial enquiry set up to detect + fine for any encroachment by farmers / landowners on royal forests
- 1635: second Commission for defective titles
- Feudal Duties
- Feudal law- all men owning freehold land worth £40 or more per year had to take a title of knighthood - they had to pay
- 1630- commission set up to contact all who had failed to do so + arrange for compliance / a fine
- raised £165,000 by 1635
- Monopolies
- sale of monopolies renewed through loopholes in 1624 act against them
- exploited by courtiers + King
- Charles sold the same monopolies to different groups E.G. a license to the East India company resold to a rival group
- Justice
- fines and court fees
- increased by new offences like proclamations restricting buildings around London
- buildings were allowed to stand on payment of fines from owners + fees from tradesmen
- Crown Lands
- CUSTOMS DUTIES
- Tunnage and Poundage
- declaration issued in 1630 of King's right to levy customs duties despite parliamentary refusal of grant
- duties continued to be levied throughout Personal Rule + value rose significantly with increased trade
- New Impositions
- introduced by Elizabeth and James I
- levied as usual producing £53,091 per year 1631-35
- produced £119,583 per year from 1636-41
- Tunnage and Poundage
- DIRECT TAXES
- Normally granted by parliament so not applicable
- Tenths and Fifteenths = N/A
- Subsidies = N/A
- Poll tax = N/A
- Ship Money
- levied from coastal areas in 1634, extended to inland areas in 1635
- levied each year after 1635, yielding an average of £107,000 per year 1635-40
- all this was done without consulting parliament
- ORDINARY REVENUE
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