War with Spain was ended and intervention in Ireland was reduced. He avoided war. Less need for border patrols with Scotland is they now had the same ruler.
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How did James get money from trade - customs duties?
Customs duties - 'tonnage and poundage'. Rates lade down in the Book of Rates. As trade expanded so did customs duties from merchants especially.
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How di James get money from the collection process of collecting customs duties?
right to collect them sold to a group of financiers who paid a set figure - it discouraged smuggling. Advantage - they knew exactly how much was coming in from the customs duties. By 1614 - half of James' income was from customs duties.
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Disadvantages of the collection process?
if trade boomed the farmers benefitted at the expense of the government. Argubly he could have been better off directly collecting them himself but he didn't have reliable collectors who he would have to pay anyway.
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How did James get money from increasing rates?
1604 - the Book of Rates was reissued with higher charges and adjustments
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Impositions?
didn't need parliamentary consent- to regulate trade.By 1606 - going to the Crown. John Bates refused to pay on currants he was importing. As a result it was found to be the Crown's prerogative. 70,000 raised in one year-much more rapid than farming.
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How did Salisbury increase James' income?
Started in 1608 as Lord Treasurer. He followed up on recusant fines, subsidy collectors who hadn't paid their takings. Crown lands - efficiently managed the woods and properties.
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How else did Salisbury increase his income?
Higher entry fees for crown tenants. Book of Bounty - lists of grants available to courtiers - stemed James' generosity. An extra 100,000 pound per year added to the royal coffers.
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Other cards in this set
Card 2
Front
How did James get money from trade - customs duties?
Back
Customs duties - 'tonnage and poundage'. Rates lade down in the Book of Rates. As trade expanded so did customs duties from merchants especially.
Card 3
Front
How di James get money from the collection process of collecting customs duties?
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