Committee for the Advance of Money
Encyclopedia
On 26 November 1642 the Committee for the Advance of Money for the Service of the Parliament was established at Haberdashers
Hall under Lord Howard of Escrick
. The committee was established by the Long Parliament
under An Ordinance for the assessing of all such as have not contributed upon the Propositions of both Houses of Parliament for the raising of money, plate, horse and horsemen, etc
From 1642 to 1650 the Committee investigated people's wealth and obtained forced loans for the use of Parliament but repaid the money annually with interest. Initially, funds were obtained from all parties but, from August 1646, only Royalists were forced to contribute and goods could be seized for non compliance.
Contributors included the Royalist Francis Leigh, 1st Earl of Chichester
who was assessed in November 1645 at £3,000 and given a year to pay.
Howard was later exposed for receiving bribes from Royalists.
Worshipful Company of Haberdashers
The Worshipful Company of Haberdashers is one of the senior Livery Companies of the City of London. The organisation, following on from the Mercers' Company, another Livery Company connected with clothing and haberdashery, received a Royal Charter in 1448...
Hall under Lord Howard of Escrick
Baron Howard of Escrick
Baron Howard of Escrick was a title in the Peerage of England. It was created on 12 April 1628 for the Honourable Edward Howard. A member of the influential Howard family, he was the youngest son of Thomas Howard, 1st Earl of Suffolk, the son of Thomas Howard, 4th Duke of Norfolk by his second wife...
. The committee was established by the Long Parliament
Long Parliament
The Long Parliament was made on 3 November 1640, following the Bishops' Wars. It received its name from the fact that through an Act of Parliament, it could only be dissolved with the agreement of the members, and those members did not agree to its dissolution until after the English Civil War and...
under An Ordinance for the assessing of all such as have not contributed upon the Propositions of both Houses of Parliament for the raising of money, plate, horse and horsemen, etc
From 1642 to 1650 the Committee investigated people's wealth and obtained forced loans for the use of Parliament but repaid the money annually with interest. Initially, funds were obtained from all parties but, from August 1646, only Royalists were forced to contribute and goods could be seized for non compliance.
Contributors included the Royalist Francis Leigh, 1st Earl of Chichester
Francis Leigh, 1st Earl of Chichester
Francis Leigh, 1st Earl of Chichester was a Royalist politician and courtier around the period of the English Civil War....
who was assessed in November 1645 at £3,000 and given a year to pay.
Howard was later exposed for receiving bribes from Royalists.