Financial Consolidation Flashcards
(4 cards)
1
Q
What was ordinary revenue?
A
Regular sources of income for the crown
2
Q
Examples of ordinary revenue?
A
Crown lands- annual income rose from £30,000 to 40,000 from beginning to end of reign (1485-1509)
Feudal dues- Duchess of Buckingham fined £7,000 in 1496 for unlicensed marriage
Legal system- Burgavenny fined £70,000 for retaining
3
Q
What was extraordinary revenue?
A
Usually income for emergencies
4
Q
Examples of extraordinary revenue?
A
Bonds and recognisances- £3000 in 1493 to £35,000 in 1505
French pension 1492- French pay £160,000
Loans- 1491 raised £48,000 for war with Brittany
