Zusammenfassung der Ressource
Treasurers and Their
Main Proposals
- Dorset
- Great Farm
- Crown sold the right to collect
impositions to businessmen in return for
annual payments of £112,000
- Payment steadily increased
to £200,000 by 1629 with
inflation and rising profits
- Government was too inefficient to collect, but it was a good idea
- Salisbury
- Great Contract
- Book of Rates
- Selling crown lands
- Reduced debt to £500,000
by his death in 1912
- Tried but failed because James
was unwilling to limit his expenditure
and was uninterested in reform
- Was battling against the vested interests of
other powerful members of court and parliament
- Suffolk
- Sales of titles
- Cockayne Project
- Stagnation; continued
corruption and extravagence
- 1614 parliament called for financial
aid but MPs were more interested in
discussing impositions
- Dissolved and not called again until 1621
- Useless and removed for corrpution
- £900,000 debt by 1620
- Cranfield
- Pruning administration
- Tight budget control
- Increased revenues from wardships by a quarter
- Increased customs farm rent
- Treasury to approve all gifts
- Tried, but failed
- Illustrates three key points
about reforming finance in
James' reign
- Progress undermined by the
lack of interest from the King
- Impeached by parliament and fell from
power due to having made many enemies
- Those who tried to reform the
system were guilty of abusing it
- Trial showed he had been corrupt and made a huge
fortune by taking a huge cut of the savings he made