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Summary Sources of Revenue under the Reign of Elizabeth I
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This document lists key sources of revenue under Elizabeth I's reign.
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1Source of Revenue Ordinary or Extraordinary What happened during
Revenue Elizabeth’s reign?
- Sold off throughout the
reign bringing £600,000
to the Exchequer but
weakening Crown’s
financial base in long
Crown Lands Ordinary term
- Rents on existing lands
were raised slightly and
brought £100,000 per
annum - this was below
inflation level
- Raised custom duties
Custom Duties Ordinary - Not realigned to take
account of inflation
Profits of justice Ordinary - Unpaid officials
- Profits from feudal dues
declined rather than
increased, until Robert
Cecil took over the Court
of Wards in 1599
- Winchester and Leicester
Feudal dues Ordinary owned nearly £70,000 to
the crown, almost five
times the annual income
from feudal dues
- In times of war she
increased feudal
revenues
First fruits and tenths Ordinary
- 1570s Parliament were
asked to approve subsidy
taxes, even in
peacetimes, on the
grounds they were
Subsidy taxes Extraordinary necessary for the
country’s defence
- Outbreak of war with
Spain led to the
unprecedented need to
demand taxation
Forced loans Extraordinary
Local rates Extraordinary
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