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20 - The Elizabethan Exchequer: War in the Receipt

Published online by Cambridge University Press:  03 February 2010

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Summary

In the government of Elizabeth, the Exchequer, reformed in 1554, once again handled the bulk of the Crown's revenues; it was the dominant ministry of finance, though two lesser offices, the court of Wards and the Duchy of Lancaster, remained outside its control. The Exchequer was divided into two departments, a treasury and pay-office (Exchequer of Receipt) and a court of audit (Exchequer of Account), which had almost developed into separate institutions. The administration of the Queen's money was indeed shared by them, but each operated as a unit, contacts between them were interdepartmental rather than casual, and only one man (the chancellor of the Exchequer who was also always undertreasurer of the Receipt) had a standing in both sections. The various early-Tudor experiments in financial administration, which had in the end produced the reformed Exchequer, had left that office with an increased jealousy of irregular or novel procedure and a more specific interest in its own venerable methods; respect for their indisputable safety would admit no recognition of their devilish clumsiness and soon grew into an unthinking affection for any established practice. The feeling appeared in the number of notes and accounts of the Exchequer's vast organization and esoteric ways scattered through the papers of the time; one of these, written by Thomas Fanshawe who was queen's remembrancer under Elizabeth, appeared in print in 1658. Departmental devotion was further encouraged by the needs of the Exchequer's staff.

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Studies in Tudor and Stuart Politics and Government
Papers and Reviews 1946–1972
, pp. 355 - 388
Publisher: Cambridge University Press
Print publication year: 1974

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