Henry VII and Finance- Chamber and Exchequer

Henry VII and Finance- Chamber and Exchequer

1. Exchequer

   • originally returned the use as for administration of royal finances
     • Henry finacially inexperienced
     • Henry pre-occupied in securing throne

2. Chamber

   • Henry increasingly required on, as had Edward IV, for management of funds
     • first two years of reign- received £17,000 a year
       • by 1500s- £105,000 a year

3. Great advantage was speed and access to actual money

   • Critical in 1499 with constant fear of rebellion

4. Henry introduced closer checks under Sir John Hussey, as well as regular royal perusals of account books

5. Treasures of the Chamber

   • Sir Thomas Lovell and Sir John Heron
   • Henry relied heavily on the professionalism