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Epstein, Mordecai
The English Levant Company: its foundation and its history to 1640 — London: George Routledge & Sons Ltd, 1908

DOI Page / Citation link:
https://doi.org/10.11588/diglit.57079#0064
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48 THE EARLY HISTORY OF
order to the Lord Treasurer, saying that
whereas the company had ceased to be, and
the King had thus lost the rent they paid, “ it
is very fit and requisite that the same be
re-supplied unto the Crown by some lawful
and convenient means as may repair so great
a decay to his majesty’s customs.” The
Lord Treasurer was accordingly authorized
to impose a duty of five shillings and sixpence
on every hundredweight of currants, five
shillings on every barrel of oil and thirty
shillings on every Butt of Muscadelles im-
ported into the country. These taxes were
not collected directly but were farmed out
at a yearly rent of £5,322.21
The old traders regarded this as a grievance
and petitioned 22 to be relieved of the taxes.
They pointed out that it was they who had
discovered the trade and had continued it at
great cost to themselves ; furthermore, the
trade was advantageous to the country in
21 Cf. S. P. D. James I. Docquets, No. 7 under date
October 24, 1604. “ Grant to Sir Roger Dallison and
Richard Wright of the impost on currants for ten years
at the yearly rent of £5,322.”
22 5. P. D. James I. vol, 10, No. 23
 
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