parliment granted him a directly assessed subsidy, each yielded approximately 29,000
1 of 7
Extrodinary revenue - Loans
raised from richer subjects, in 1485 henry raised iver 10,000 in loans overall 203,000 during his reign
2 of 7
Extrodinary revenue - benevolences
loans forced with threat of sanction and were not repaid. in 1481 the king raised 48,000 to fund war against france
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Extrodinary revenue - bonds and recognisances
raised for political and financial purposes, bond was a sum of money payable only if a person breached their position. a recogninsance was an acknowledgment of the debt
4 of 7
Extrodinary revenue - feudal obligations
£30,000 was collected on the knighting of Prince Arthur
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Extrodinary revenue - Clerical taxes
the church assembly (CONVOCATION) matched each parlimentary subsidy, when a bishop died the king may not appoint a succesor and so keep the revenue. henry raised 6,000 from vacant bishopring
6 of 7
Extrodinary revenue - profits of Justice
came from enforcement of law and order, any fines imposed by kings courts had to be paid directly to the crown
7 of 7
Other cards in this set
Card 2
Front
Extrodinary revenue - Loans
Back
raised from richer subjects, in 1485 henry raised iver 10,000 in loans overall 203,000 during his reign
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