The contributions made by the companies to the public purposes of the
state and the city are interesting points in their early history. Their
wealth and their representative character made them a most appropriate
instrument for the enforcement of irregular taxation. The loan of
£21,263, 6s. 8d. to Henry VIII. for his wars in Scotland, in 1544, is
believed by Herbert to be the first instance of a pecuniary grant to the
crown, but the practice rapidly gained ground. The confiscation of
ecclesiastical property at the time of the Reformation affected many of
the trusts of the companies; and they were compelled to make returns of
their property devoted to religious uses, and to pay over the rents to
the crown. In course of time the taxation of the companies became "a
regular source of supply to government." The historians of the city have
for the most part described these as unjust and tyrannical exactions,
but, looking at the representative and municipal character of the
companies, and the purposes to which their contributions were applied,
we may regard them as a rough but not unfair mode of taxation. The
government, when money was wanted for public works, informed the lord
mayor, who apportioned the sums required among the various societies,
and issued precepts for its payment. Contributions towards setting the
poor to work, erecting the Royal Exchange, cleansing the city ditch,
discovering new countries, furnishing military and naval armaments, for
men, arms and ammunition for the defence of the city, are among what
Herbert calls the sponging expedients of the government. The crown
occasionally interfered in a more unjustifiable manner with the
companies in the exercise of their patronage. The Stuarts made strenuous
efforts to get the control of the companies. Terrified by the
proceedings in the _quo warranto_ case, most of the companies
surrendered their charters to the crown, but such surrenders were
annulled by the act of 2 William and Mary (1690) reserving the judgment
in _quo warranto_ against the city. The livery companies now in
existence are the following:
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