The contest respecting monopolies, settled by Elizabeth's withdrawal,
was revived under James I., and had to be finally closed by the Statute
of Monopolies (1624), declaring such grants to be utterly void. Certain
exceptions (as in the case of the soap-boilers) permitted the raising of
revenue by what was in fact a rudimentary excise, and plans for a
general excise were discussed, especially as a substitute for the feudal
dues, though they were not reduced to practice. In the earlier 17th
century the customs show a steady increase. From £127,000 in 1604 they
rose to nearly £500,000 in 1641. This fourfold increase was due in part
to the growth of English trade, but it was also influenced by the
adoption of new "Books of rates" in 1608 and 1635, fixing higher
valuations, and by the inclusion of new commodities with definite
duties. Wine, currants (the subject of controversy in Bates' case) and
tobacco are particularly noticeable. Sugar also appears as a
contributory. An interesting development was the adoption on a larger
scale of the "farming" system, an evident imitation from France. A
distinction was made between the "great," the "petty" and the "sugar"
farms, and opportunities for gain were afforded to the officials. On the
constitutional side the life grant of subsidies, made in accordance with
Tudor usage to James, was temporarily withheld from Charles, a
restriction which his own overbearing policy led the parliament to
maintain. Practically, the whole customs revenue between 1628 and 1640
was raised by the use of the prerogative without any parliamentary
sanction. The Tunnage and Poundage Act of 1641 pronounced definitely
against the legality of any extra parliamentary customs and thus closed
another of the constitutional problems of finance.
In the progress from the Conquest to the crisis of the Great Rebellion
there is noticeable a practically complete shifting of the classes of
revenue. The king had ceased "to live of his own"; the royal demesne and
the prerogative rights included in feudalism had become very
subordinate. The direct taxation of property and income, and the
indirect taxation on imported or exported commodities became the
principal forms of receipt.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account