Terry Foreman on 12 May 2010  •  Link

Wleven Months Tax

II. An Eleven Months Tax.

It is now further enacted by the Authority aforesaid That the Summe of One hundred and fowerteene thousand two hundred and thirteene pounds eight shillings five pence halfe penny by the moneth for eleaven moneths begining from the Six and twentyeth day of January One thousand six hundred sixty and seaven shall be assessed taxed collected levyed and paid by fower payments in the severall Countyes Cittyes Burroughes Townes & places within England and Wales and the Towne of Berwicke upon Tweede according to the rates rules and proportions and in such manner as herein [here (fn. 1) ] after is expressed that is to say for every of the said Eleaven moneths.

http://www.british-history.ac.uk/…

‘Charles II, 1666: An Act for granting the Summe of Twelve hundred fifty six thousand three hundred forty seaven pounds thirteene shillings to the Kings Majestie towards the Maintenance of the present Warr.’, Statutes of the Realm: volume 5: 1628-80 (1819), pp. 616-623. URL: http://www.british-history.ac.uk/… Date accessed: 06 May 2010

San Diego Sarah on 8 May 2020  •  Link

"The sixth session of the 'Cavalier Parliament' closed on 8 February 1667, when the king gave his assent to a bill granting him £1,256,347.13s. 'as a further aid and assistance' during 'the present warrs'. The money was to be raised by a monthly assessment, the sum required from each county and city per month being laid down in the statute.

"The commissioners to levy this tax were to be the same ones appointed to levy the poll tax granted on 18 January 1667 and the aid of £2,477,500 granted on 9 February 1665.
They were to follow the same rules and directions, and to have the same powers conferred by the acts granting those taxes. Payment was to be in four quarterly instalments, over an eleven-month period from 26 January 1668, and the tax, often referred to in the records of its administration as the 'eleven-month assessment', was administered together with the one-month assessment granted to the Duke of York on 31 October 1665.
The first payment of £228,426.16s.11d. was due on 1 May 1668.
The second, third and fourth payments of £342,640 5s.4 1/2d. each, were to be paid on 1 August and 1 November 1668, and 1 February 1669.

"Anyone lending money in anticipation of the levy was to be repaid from its receipts with 6% interest, payable every six months, although the first call on this money was to make good any shortfall which might be outstanding from the £1,250,000 granted to the king on 31 October 1665.

"Although no documents for this grant or the so called 'one month's assessment' survive among the records of TNA series E 179, an assessment of communities for both taxes together for Haverfordwest is in Pembrokeshire Record Office among the Haverfordwest Borough Records, ref. 624. An assessment for Llanfwrog, Talybolion hundred, Anglesey is in the National Library of Wales, ref. Carreglwyd Group I 86. An undated assessment for Penkelly hundred, Brecknockshire is also in the National Library of Wales (Milborne 1990).
(|Stat. Realm|, V, pp 616-623; |CJ|, VIII, p 683; Chandaman, |English Public Revenue|, p 157)
declared account: E 351/1276

Additional info:

Origin Granted

Collection

1st: 1668 May 1
2nd: 1668 Aug 1
3rd: 1668 Nov 1
4th: 1669 Feb 1

The original is at
http://www.nationalarchives.gov.u…

San Diego Sarah on 18 Sep 2023  •  Link

Phil Gyford interviews Kate Loveman at another place in the Blog. Here she explains the way the Navy was [not] funded:

"The navy got its funds ultimately from acts passed by parliament, which levied taxes to cover costs. In the 1660s, the conventional method was to pass acts to supply the King with funds rather than to pass acts directly to supply the navy’s costs.
" This caused problems, first because money intended for the war effort could be diverted elsewhere and, second, because parliament was aware that this diversion happened and so was reluctant to grant funds to the crown without the ability to scrutinize where those funds were going.

"Since passing parliamentary acts and collecting taxes took time to actually raise money, Pepys and his colleagues sought loans from wealthy City goldsmiths, which were borrowed in expectation of the tax arriving to pay them off.
"There is quite a lot in the diary about Pepys dashing round London attempting to persuade goldsmiths to lend money, which the goldsmiths were understandably reluctant to do. When the navy had no cash to pay off sailors, they resorted to using ‘tickets’ (IOUs from the government), which led to riots.

"This was not a situation with easy solutions, though Pepys’s former boss George Downing can take some credit for regularizing the government’s payment systems in the later 1660s."
https://www.pepysdiary.com/indept…