The Personal Rule: finance

Successes

• Charles managed to increase revenue through more efficient exploitation of existing rules
  • In 1630, a commission was set up to contact everyone who had not paid for their title of knighthood - this had raised £165,000 by 1635
  • Tonnage and poundage continued to be collected and a new Book of Rates was issued in 1635, increasing customs duties - by 1637, the amount coming in from customs duties had risen to £425,000 a year
  • Income from Recusancy Fines was increased from £5300 a year in the 1620s to £26,000 in 1634
• By 1637, the budget had been balanced
• Ship Money was introduced
  • In 1634, it was levied from coastal areas, but this was extended to inland areas from 1635…