Ordinary Revenue : Sources Of Royal Income

Question 1

Ordinary revenue

Answer 1

Money that comes in every year from crown lands and custom duties

Question 2

Crown lands

Answer 2

Henry less inclined to grant lands to family and friends than Edward
Preferred to maximise influence and income from leases and rents (especially against nobles)
1486 Act of Resumption : reclaim of all crown lands

Question 3

Feudal dues

Answer 3

Any money owed to king
Relief, marriage, wardship, livery
Successful as benefited from wardship in certain powerful countries

Question 4

Custom duties

Answer 4

Paid on goods entering or leaving the country
Introduced certificates for coastal trade and twice updated Book Of Rates
Custom duties rose from £33k to £40k at end of Henry’s reign

Question 5

Legal dues

Answer 5

Money from fines
Increased use of fines and attainders
Very effective as brought a lucrative amount of income

E.g sir William Stanley brought payment of £9000 and £1000 per year thereafter

Question 6

4 types of ordinary revenue

Answer 6

Crown lands
Feudal dues
Custom duties
Legal dues