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Henry VII - Finance (Spending (Builds 2 palaces (Richmond and Greenwich, A…
Henry VII - Finance
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Ordinary Revenue
Crown lands
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From £11,000 in 1485 to £42,000 in 1508
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Consistent, regular income
Custom duties
Book of rates
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Starts with £33,000 and increases it to £40,000
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Relies on his merchants for trade, so he treats them well
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Extraordinary Revenue
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Parliamentary subsidies
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Tax for raising it
Gets £29,000 each parliament
£58,000 including convocation
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French pension
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£159,000 from the Treaty of Etaples
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Exchequer System
Losing money
Richard III in 1484 got £25,000
Henry VII in 1486 got £11,000