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James I & VI Finances - Coggle Diagram

- - - - • Wardship when a minor – under 21 if male, under 14 if female inherited property – became a ward of crown – revenue of minor’s estate went to the crown – when came of age had to sue out livery. In other words, they had to buy back the right to claim the land and titles for a fixed price
      - •Purveyance was opposed as it generally meant that everything for the crown was at half market price so huge quantities of food and resources could be brought at 50% off, greatly annoying sellers.
      - • Wardship essentially meant taking away a minor’s estate and profit from it until the minor was of age and could buy it back – this was seen as greatly unfair and
  - - - However, Robert Cecil's actions through Crown lands and Baronet title sales and recusants generated £100,000 per year